MIRA INFORM REPORT

Report Date :

06.12.2014

IDENTIFICATION DETAILS

Name :	UNITED TELECOMS LIMITED
Registered Office :	18A/19, Doddanekundi Industrial Area, Mahadevapura Post, Whitefield, Bangalore – 560048, Karnataka
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	17.09.1986
Com. Reg. No.:	08-007800
Capital Investment / Paid-up Capital :	Rs.108.826 Millions
CIN No.: [Company Identification No.]	U32301KA1986PLC007800
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACU2228H
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of Telecom Equipment.
No. of Employees :	900 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 19568000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. As per ROC the date of balance sheet (i.e, financial filed) is shown as 31.03.2014 but the documents related to the financial for the year 2014 are not available from any sources. As per available financial 2013, general financial position of the company is normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

N E W S

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL  to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Fund based facilities: BB+
Rating Explanation	Moderate risk of defaults.
Date	February 2014

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Hemchandra
Designation :	Account Manager
Contact No.:	91-80-28524050
Date :	05.12.2014

LOCATIONS

Registered Office / Factory :	18A/19, Doddanekundi Industrial Area, Mahadevapura Post, Whitefield, Bangalore – 560048, Karnataka, India
Tel. No.:	91-80-28524050 / 28524032 / 28524088
Fax No.:	91-80-28524191 / 28524073
E-Mail :	chairman@utlindia.com murugesh@utlindia.com
Website :	www.utlindia.com
Location :	Rented

DIRECTORS

As on 30.09.2014

Name :

Mr. Venkateswara Rao Chalasani

Designation :

Managing Director

Address :

No. 14, Whitly Layout, Whitefield, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

24.05.1961

Date of Appointment :

01.04.2014

DIN No.:

00155107

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U32109KA1985PLC006819	PRIYARAJ ELECTRONICS LIMITED	Director	08/04/1985	08/04/1985	30/11/2008	Active	NO
2	U31904KA1983PLC005621	NSP ELECTRONICS LIMITED	Whole-time director	01/09/1995	01/09/1995	-	Active	NO
3	U32109KA2001PLC029547	UNITED MICROELECTRONIC SOLUTIONS LIMITED	Director	17/03/2003	17/03/2003	28/02/2008	Active	NO
4	U27103KA1983PLC005337	RAAJA MAGNETICS LIMITED	Director	08/08/2003	08/08/2003	-	Active	NO
5	U32301KA1986PLC007800	UNITED TELECOMS LIMITED	Managing director	01/04/2014	18/08/2003	-	Active	NO
6	U74300TG2001PLC038239	PROMUK HOFFMANN INTERNATIONAL LIMITED	Director	21/10/2003	21/10/2003	20/07/2011	Active	NO
7	U45209KA2004PLC034031	UNITED INFRA AND WATER MANAGEMENT LIMITED	Director	28/05/2004	28/05/2004	08/07/2011	Active	NO
8	U14290KA2004PLC034346	RAJPUR MINERALS AND METALS MANAGEMENT LIMITED	Director	16/07/2004	16/07/2004	09/07/2011	Active	NO
9	U35990KA2005PTC035752	INDIA SOFTWARE LABS PRIVATE LIMITED	Director	18/04/2005	18/04/2005	20/07/2010	Active	NO
10	U40100KA2005PTC036352	UNITED SUSTAINABLE ENERGY INDIA PRIVATE LIMITED	Director	24/05/2005	24/05/2005	30/06/2011	Active	NO
11	U32109KA1994PLC015750	UNITED TELELINKS(BANGALORE)LIMITED	Director	15/09/2005	15/09/2005	-	Active	NO
12	U45201KA2006PLC038752	UTL INFRASTRUCTURE LIMITED	Director	16/03/2006	16/03/2006	-	Strike off	NO
13	U72200KA2002PLC031069	UNITED ERP SOLUTIONS LIMITED	Director	12/07/2010	03/04/2006	-	Active	NO
14	U72200TG2000PLC034734	ANDHRA NETWORKS LIMITED	Director	10/08/2006	10/08/2006	-	Active	NO
15	L72200MH1986PLC039341	TRIGYN TECHNOLOGIES LIMITED	Director	17/09/2007	07/09/2006	06/02/2014	Active	NO
16	U72200KA2004PTC034118	ITASCA SOFTWARE DEVELOPMENT PRIVATE LIMITED	Director	02/11/2006	02/11/2006	01/10/2009	Active	NO
17	U72200MH1996PLC101095	LEADING EDGE INFOTECH LIMITED	Director	17/09/2007	29/01/2007	28/01/2014	Active	NO
18	U65990MH1996PTC100198	TRIGYN TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	17/09/2007	29/01/2007	28/01/2014	Active	NO
19	U72200GJ2000PLC039014	GUJARAT ONLINE LIMITED	Director	28/07/2007	28/07/2007	12/07/2010	Active	NO
20	U40108KA2008PLC048608	UNITED THERMAL POWER CORPORATION LIMITED	Director	12/12/2008	12/12/2008	30/06/2009	Active	NO
21	U40102KA1995PLC017323	United Surya Energy Limited	Director	11/06/2009	11/06/2009	-	Active	NO
22	U27310KA2009PTC050333	UNITED RAJPUR STEELS (INDIA) PRIVATE LIMITED	Director	07/07/2009	07/07/2009	-	Active	NO
23	U74999KA2009PTC050557	UNITED TELECOMS e-SERVICES PRIVATE LIMITED	Director	05/08/2009	05/08/2009	11/07/2011	Active	NO
24	U32200KA2010PTC052344	TELEWORLD UNITED PRIVATE LIMITED	Director	02/02/2010	02/02/2010	-	Active	NO
25	U74140KA2010PTC052432	United Corporate Strategy and Services Private Limited	Director	09/02/2010	09/02/2010	16/02/2010	Active	NO

Name :

Mr. Bharath Krishna Potluri Rao

Designation :

Director

Address :

No. 319/147-148, Inner Circle, Whitefield, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

02.07.1985

Date of Appointment :

18.04.2011

DIN No.:

01716582

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U32301KA1986PLC007800	UNITED TELECOMS LIMITED	Director	18/04/2011	01/11/2005	-	Active	NO
2	U72200KA2004PTC034118	ITASCA SOFTWARE DEVELOPMENT PRIVATE LIMITED	Managing director	08/06/2012	01/12/2007	-	Active	NO
3	U40102KA2007PLC043517	NEW ERA POWER CORPORATION LIMITED	Director	30/09/2011	06/02/2008	-	Active	NO
4	U70102AP2005PTC048606	OMCON INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/2008	05/03/2008	26/06/2010	Active	NO
5	U40108KA2008PLC048608	UNITED THERMAL POWER CORPORATION LIMITED	Director	12/12/2008	12/12/2008	30/06/2009	Active	NO
6	U40101DL2009PLC190339	BETUL WIND FARMS LIMITED	Director	30/09/2011	09/11/2009	-	Active	NO
7	U32109KA1994PLC015750	UNITED TELELINKS(BANGALORE)LIMITED	Director	01/03/2010	01/03/2010	01/10/2010	Active	NO
8	U13209KA2010PTC053713	DRID MINERALS PRIVATE LIMITED	Director	19/05/2010	19/05/2010	-	Strike off	NO
9	U40100KA2005PTC036352	UNITED SUSTAINABLE ENERGY INDIA PRIVATE LIMITED	Director	25/06/2011	25/06/2011	-	Active	NO
10	U45209KA2004PLC034031	UNITED INFRA AND WATER MANAGEMENT LIMITED	Director	30/09/2011	07/07/2011	-	Active	NO
11	U14290KA2004PLC034346	RAJPUR MINERALS AND METALS MANAGEMENT LIMITED	Director	30/09/2011	08/07/2011	-	Active	NO
12	U64202KA2001PLC029121	UNITED POWER AND STEEL ALLOYS LIMITED	Director	30/09/2011	09/07/2011	-	Active	NO
13	U74999KA2009PTC050557	UNITED TELECOMS e-SERVICES PRIVATE LIMITED	Director	30/09/2011	11/07/2011	-	Active	NO

Name :

Dr Padmavathi Potluri

Designation :

Whole-time Director

Address :

No. 319, Inner Circle, Whitefield, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

19.03.1956

Date of Appointment :

30.06.2008

DIN No.:

00155153

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U32301KA1986PLC007800	UNITED TELECOMS LIMITED	Whole-time director	30/06/2008	22/02/1991	-	Active	NO
2	U72200KA2002PLC031069	UNITED ERP SOLUTIONS LIMITED	Director	04/10/2002	04/10/2002	-	Active	NO
3	U32109KA2001PLC029547	UNITED MICROELECTRONIC SOLUTIONS LIMITED	Director	18/08/2003	18/08/2003	28/02/2008	Active	NO
4	U64202KA2001PLC029121	UNITED POWER AND STEEL ALLOYS LIMITED	Director	18/08/2003	18/08/2003	-	Active	NO
5	U74140KA2004PLC034995	UTL CONSULTANCY LIMITED	Director	09/11/2004	09/11/2004	15/07/2009	Active	NO
6	U72200TG2000PLC034734	ANDHRA NETWORKS LIMITED	Director	10/08/2006	10/08/2006	-	Active	NO
7	U72100KA2002PLC030277	UNITED WIRELESS TECHNOLOGIES LIMITED	Director	12/08/2006	12/08/2006	-	Active	NO
8	U31904KA1983PLC005621	NSP ELECTRONICS LIMITED	Director	15/08/2006	15/08/2006	-	Active	NO
9	U72200KA2004PTC034118	ITASCA SOFTWARE DEVELOPMENT PRIVATE LIMITED	Director	02/11/2006	02/11/2006	01/10/2009	Active	NO
10	U64202KA2003PLC032830	JANYA CONVERGED SOLUTIONS LIMITED	Director	23/05/2007	23/05/2007	30/03/2009	Active	NO
11	U40102KA2007PLC043517	NEW ERA POWER CORPORATION LIMITED	Director	01/08/2007	01/08/2007	01/03/2008	Active	NO
12	U40101DL2009PLC190339	BETUL WIND FARMS LIMITED	Additional director	02/01/2012	02/01/2012	-	Active	NO

Name :

Padmavathi Chalasani

Designation :

Director

Address :

No.14, Whitley Layout, Whitefield, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

06.03.1963

Date of Appointment :

25.08.2010

DIN No.:

00552699

PAN No.:

AISPC4227D

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U28939KA1983PLC005607	RAAJA TECHNICS LIMITED	Director	18/07/1989	18/07/1989	-	Active	NO
2	U32109KA1985PLC006819	PRIYARAJ ELECTRONICS LIMITED	Director	03/10/2002	03/10/2002	30/11/2008	Active	NO
3	U31904KA1983PLC005621	NSP ELECTRONICS LIMITED	Whole-time director	01/07/2010	25/04/2008	-	Active	NO
4	U32301KA1986PLC007800	UNITED TELECOMS LIMITED	Director	25/08/2010	25/08/2010	-	Active	NO
5	U32109KA2001PLC029547	UNITED MICROELECTRONIC SOLUTIONS LIMITED	Director	30/09/2011	06/04/2011	-	Active	NO
6	U32109KA1994PLC015750	UNITED TELELINKS(BANGALORE)LIMITED	Director	30/09/2011	25/05/2011	-	Active	NO
7	U27103KA1983PLC005337	RAAJA MAGNETICS LIMITED	Director	30/09/2011	26/05/2011	29/02/2012	Active	NO
8	U74140TG2001PLC036823	UTL TECHNOLOGIES LIMITED	Director	29/09/2011	27/05/2011	-	Active	NO
9	U74999KA2009PTC050557	UNITED TELECOMS e-SERVICES PRIVATE LIMITED	Director	30/09/2011	27/05/2011	-	Active	NO
10	U72200TG2000PLC034734	ANDHRA NETWORKS LIMITED	Director	29/09/2011	28/05/2011	-	Active	NO

Name :

Komali Cherukuri

Designation :

Director

Address :

No. 9, Subbarao Compound, Whitefield Main Raod, Whitefield, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

15.07.1962

Date of Appointment :

16.02.2009

DIN No.:

00556559

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U28939KA1983PLC005607	RAAJA TECHNICS LIMITED	Director	10/04/2001	10/04/2001	-	Active	NO
2	U40102KA1995PLC017323	United Surya Energy Limited	Director	22/08/2003	22/08/2003	-	Active	NO
3	U65990MH1994PTC084169	AMADEVS FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	01/10/2004	01/10/2004	-	Active	NO
4	U67000KA1995PTC019321	MADHUMILAN FINVEST PRIVATE LIMITED	Director	01/10/2004	01/10/2004	-	Active	NO
5	U65993KA1995PTC017698	CARELI HOLDINGS PRIVATE LIMITED	Director	05/07/2006	05/07/2006	-	Active	NO
6	U64202KA2003PLC032830	JANYA CONVERGED SOLUTIONS LIMITED	Director	12/08/2006	12/08/2006	10/01/2008	Active	NO
7	U74140KA2004PLC034995	UTL CONSULTANCY LIMITED	Director	30/09/2011	12/08/2006	-	Active	NO
8	U72200KA2002PLC031069	UNITED ERP SOLUTIONS LIMITED	Director	15/08/2006	15/08/2006	01/09/2010	Active	NO
9	U64202KA2001PLC029121	UNITED POWER AND STEEL ALLOYS LIMITED	Director	15/08/2006	15/08/2006	-	Active	NO
10	U72100KA2002PLC030277	UNITED WIRELESS TECHNOLOGIES LIMITED	Director	05/11/2007	05/11/2007	-	Active	NO
11	U45209KA2004PLC034031	UNITED INFRA AND WATER MANAGEMENT LIMITED	Director	21/02/2008	21/02/2008	-	Active	NO
12	U32109KA2001PLC029547	UNITED MICROELECTRONIC SOLUTIONS LIMITED	Director	21/02/2008	21/02/2008	-	Active	NO
13	U14290KA2004PLC034346	RAJPUR MINERALS AND METALS MANAGEMENT LIMITED	Director	21/02/2008	21/02/2008	-	Active	NO
14	U32301KA1986PLC007800	UNITED TELECOMS LIMITED	Director	16/02/2009	16/02/2009	-	Active	NO
15	U40108KA2008PLC048608	UNITED THERMAL POWER CORPORATION LIMITED	Director	16/06/2009	16/06/2009	30/06/2009	Active	NO
16	U40101DL2009PLC190339	BETUL WIND FARMS LIMITED	Director	06/09/2010	06/09/2010	27/04/2011	Active	NO
17	U65990MH1996PTC100382	EVERSHINE EQUIFIN PRIVATE LIMITED	Director	30/09/2011	01/10/2010	-	Active	NO
18	U35990KA2005PTC035752	INDIA SOFTWARE LABS PRIVATE LIMITED	Director	01/10/2010	01/10/2010	-	Active	NO
19	U72200GJ2000PLC039014	GUJARAT ONLINE LIMITED	Director	29/09/2011	04/04/2011	-	Active	NO
20	U40100KA2005PTC036352	UNITED SUSTAINABLE ENERGY INDIA PRIVATE LIMITED	Director	30/09/2011	16/04/2011	-	Active	NO
21	U40102KA2007PLC043517	NEW ERA POWER CORPORATION LIMITED	Director	30/09/2011	16/08/2011	-	Active	NO

Name :

Bhavana Potluri Rao

Designation :

Director

Address :

Stella Maris, Inner, Cisrcle, Whitefield, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

15.09.1983

Date of Appointment :

30.09.2011

DIN No.:

02326788

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U32301KA1986PLC007800	UNITED TELECOMS LIMITED	Director	30/09/2011	01/11/2005	-	Active	NO
2	U72200KA2004PTC034118	ITASCA SOFTWARE DEVELOPMENT PRIVATE LIMITED	Director	01/10/2009	01/10/2009	-	Active	NO
3	U40101DL2009PLC190339	BETUL WIND FARMS LIMITED	Director	29/09/2011	09/11/2009	13/01/2014	Active	NO
4	U65990MH1996PTC100198	TRIGYN TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	28/09/2011	09/02/2011	-	Active	NO
5	U72200MH1996PLC101095	LEADING EDGE INFOTECH LIMITED	Director	28/09/2011	09/02/2011	-	Active	NO
6	L72200MH1986PLC039341	TRIGYN TECHNOLOGIES LIMITED	Whole-time director	23/05/2014	09/02/2011	-	Active	NO
7	U13209KA2010PTC053713	DRID MINERALS PRIVATE LIMITED	Additional director	20/06/2011	20/06/2011	-	Strike off	NO
8	U35990KA2005PTC035752	INDIA SOFTWARE LABS PRIVATE LIMITED	Director	30/09/2011	22/06/2011	-	Active	NO
9	U40100KA2005PTC036352	UNITED SUSTAINABLE ENERGY INDIA PRIVATE LIMITED	Director	25/06/2011	25/06/2011	-	Active	NO
10	U32109KA1994PLC015750	UNITED TELELINKS(BANGALORE)LIMITED	Whole-time director	07/07/2011	07/07/2011	-	Active	NO
11	U40102KA2007PLC043517	NEW ERA POWER CORPORATION LIMITED	Director	30/09/2011	16/08/2011	-	Active	NO

Name :

Chalasani Sandhya Rao

Designation :

Director

Address :

No.14, Whitley Layout, Whitefield, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

26.08.1986

Date of Appointment :

30.09.2011

DIN No.:

03207351

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U32301KA1986PLC007800	UNITED TELECOMS LIMITED	Director	30/09/2011	04/04/2011	-	Active	NO
2	U28939KA1983PLC005607	RAAJA TECHNICS LIMITED	Additional director	25/05/2011	25/05/2011	-	Active	NO
3	U32109KA1994PLC015750	UNITED TELELINKS(BANGALORE)LIMITED	Director	30/09/2011	25/05/2011	-	Active	NO
4	U31904KA1983PLC005621	NSP ELECTRONICS LIMITED	Director	30/09/2011	25/05/2011	-	Active	NO
5	U27103KA1983PLC005337	RAAJA MAGNETICS LIMITED	Director	30/09/2011	26/05/2011	29/02/2012	Active	NO
6	U74140TG2001PLC036823	UTL TECHNOLOGIES LIMITED	Director	29/09/2011	27/05/2011	-	Active	NO
7	U74999KA2009PTC050557	UNITED TELECOMS e-SERVICES PRIVATE LIMITED	Director	30/09/2011	27/05/2011	-	Active	NO
8	U72200TG2000PLC034734	ANDHRA NETWORKS LIMITED	Director	29/09/2011	28/05/2011	-	Active	NO

Name :

Basavapurnaiah Chalasani

Designation :

Additional director

Address :

No. 319, Inner Circle,, White Field, Bangalore - 560066, Karnataka, India

Date of Birth/Age :

29.11.1926

Date of Appointment :

05.03.2014

DIN No.:

00155050

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U27103KA1983PLC005337	RAAJA MAGNETICS LIMITED	Director	01/06/83	01/06/83	-	Active	NO
2	U31904KA1983PLC005621	NSP ELECTRONICS LIMITED	Director	21/10/83	21/10/83	06/07/11	Active	NO
3	U32109KA1985PLC006819	PRIYARAJ ELECTRONICS LIMITED	Director	08/04/85	08/04/85	30/11/08	Active	NO
4	U32109KA1994PLC015750	UNITED TELELINKS(BANGALORE)LIMITED	Whole-time director	01/04/08	13/06/94	06/07/11	Active	NO
5	U74140TG2001PLC036823	UTL TECHNOLOGIES LIMITED	Director	01/06/01	01/06/01	-	Active	NO
6	U72100KA2002PLC030277	UNITED WIRELESS TECHNOLOGIES LIMITED	Director	22/03/02	22/03/02	27/02/08	Active	NO
7	U32301KA1986PLC007800	UNITED TELECOMS LIMITED	Additional director	05/03/14	16/10/02	-	Active	NO
8	U45209KA2004PLC034031	UNITED INFRA AND WATER MANAGEMENT LIMITED	Director	28/05/04	28/05/04	27/02/08	Active	NO
9	U14290KA2004PLC034346	RAJPUR MINERALS AND METALS MANAGEMENT LIMITED	Director	16/07/04	16/07/04	22/02/08	Active	NO
10	U74300TG2001PLC038239	PROMUK HOFFMANN INTERNATIONAL LIMITED	Director	30/09/04	30/09/04	01/09/10	Active	NO
11	U74140KA2004PLC034995	UTL CONSULTANCY LIMITED	Director	18/06/09	09/11/04	05/04/11	Active	NO
12	U35990KA2005PTC035752	INDIA SOFTWARE LABS PRIVATE LIMITED	Director	03/03/05	03/03/05	22/06/11	Active	NO
13	U40100KA2005PTC036352	UNITED SUSTAINABLE ENERGY INDIA PRIVATE LIMITED	Director	24/05/05	24/05/05	25/06/11	Active	NO
14	U45201KA2006PLC038752	UTL INFRASTRUCTURE LIMITED	Director	16/03/06	16/03/06	-	Strike off	NO
15	U72200TG2000PLC034734	ANDHRA NETWORKS LIMITED	Director	10/08/06	10/08/06	30/05/11	Active	NO
16	U72200KA2004PTC034118	ITASCA SOFTWARE DEVELOPMENT PRIVATE LIMITED	Director	02/11/06	02/11/06	06/10/09	Active	NO
17	U64202KA2003PLC032830	JANYA CONVERGED SOLUTIONS LIMITED	Director	23/05/07	23/05/07	12/08/09	Active	NO
18	U40102KA2007PLC043517	NEW ERA POWER CORPORATION LIMITED	Director	01/08/07	01/08/07	12/07/08	Active	NO
19	U70102AP2005PTC048606	OMCON INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/08	05/03/08	26/06/10	Active	NO
20	U72200GJ2000PLC039014	GUJARAT ONLINE LIMITED	Director	12/05/08	12/05/08	05/04/11	Active	NO
21	U40108KA2008PLC048608	UNITED THERMAL POWER CORPORATION LIMITED	Director	12/12/08	12/12/08	30/06/09	Active	NO
22	U40101DL2009PLC190339	BETUL WIND FARMS LIMITED	Director	15/05/09	15/05/09	25/06/11	Active	NO
23	U27310KA2009PTC050333	UNITED RAJPUR STEELS (INDIA) PRIVATE LIMITED	Director	07/07/09	07/07/09	-	Active	NO
24	U74999KA2009PTC050557	UNITED TELECOMS e-SERVICES PRIVATE LIMITED	Director	05/08/09	05/08/09	28/05/11	Active	NO
25	U32200KA2010PTC052344	TELEWORLD UNITED PRIVATE LIMITED	Director	02/02/10	02/02/10	-	Active	NO
26	U74140KA2010PTC052432	United Corporate Strategy and Services Private Limited	Director	09/02/10	09/02/10	16/02/10	Active	NO
27	U13209KA2010PTC053713	DRID MINERALS PRIVATE LIMITED	Director	19/05/10	19/05/10	20/06/11	Strike off	NO

Name :

Dr. Raja Mohan Rao Potluri

Designation :

Additional director

Address :

No. 319, Inner Circle, White Field, Bangalore - 560066, Karnataka, India

Date of Birth/Age :

15.07.1951

Date of Appointment :

05.03.2014

DIN No.:

00157346

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U40102KA1995PLC017323	United Surya Energy Limited	Director	06/03/95	06/03/95	20/06/09	Active	NO
2	U72200GJ2000PLC039014	GUJARAT ONLINE LIMITED	Director	05/12/00	05/12/00	-	Active	NO
3	U74140TG2001PLC036823	UTL TECHNOLOGIES LIMITED	Director	01/06/01	01/06/01	30/03/09	Active	NO
4	U45209KA2004PLC034031	UNITED INFRA AND WATER MANAGEMENT LIMITED	Director	28/05/04	28/05/04	27/02/08	Active	NO
5	U14290KA2004PLC034346	RAJPUR MINERALS AND METALS MANAGEMENT LIMITED	Director	16/07/04	16/07/04	22/02/08	Active	NO
6	U35990KA2005PTC035752	INDIA SOFTWARE LABS PRIVATE LIMITED	Director	03/03/05	03/03/05	27/03/09	Active	NO
7	U64202KA2003PLC032830	JANYA CONVERGED SOLUTIONS LIMITED	Director	23/05/07	23/05/07	30/03/09	Active	NO
8	U40102KA2007PLC043517	NEW ERA POWER CORPORATION LIMITED	Director	01/08/07	01/08/07	15/02/08	Active	NO
9	L72200MH1986PLC039341	TRIGYN TECHNOLOGIES LIMITED	Director	23/12/08	29/04/08	-	Active	NO
10	U40109TG1997PLC027818	PRABHAKAR POWER PROJECTS LIMITED	Director	26/09/11	08/06/11	-	Active	NO
11	U32109DL2009PTC194165	KARBONN MOBILE INDIA PRIVATE LIMITED	Director	11/01/13	11/01/13	-	Active	NO
12	U32301KA1986PLC007800	UNITED TELECOMS LIMITED	Additional director	05/03/14	05/03/14	-	Active	NO

KEY EXECUTIVES

Name :	Ramani Jayamkondam Krishnamurthy
Designation :	Secretary
Address :	No. 37/1, N. G. Nilaya, 16^th Cross, Malleswaram, Bangalore - 560003, Karnataka, India
Date of Birth/Age :	09.10.1932
Date of Appointment :	03.07.2014
PAN No.:	AMMPK4136H
Name :	Mr. Bhaskar
Designation :	Account Department
Name :	Mr. Hemchandra
Designation :	Account Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age
Padmavathi Potluri	467140	4.29
P Raja Mohan Rao	236507	2.17
Basavapurnaiah Chalasani	3455460	31.75
Venkateswara Rao Chalasani	860907	7.91
Padmavathi Chalasani	903177	8.30
Bhavana Potluri Rao	1199524	11.02
Bharath Krishna Potluri Rao	1194104	10.97
Andhra Networks Limited, India	1572692	14.45
Gujarat Online Limited, India	43083	0.40
Chalasai Sandhya	950000	8.73
Total	10882594	100.00

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	14.85
Directors or relatives of Directors	85.15
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Importer of Telecom Equipment.

Products :

Item Code No.	Product Description
85255010	Radio communication Equipment
99831421	E-governance Network
99871530	Maintenance And Repair Services
99721121	Rental Or Leasing Services Of Factories, Office Buildings, Ware Houses
85235200	Driving License
85171290	Mobile hand Sets
99833233	Engineering Services For Marine And Inland Ports, Harbours, Locks, Canals, And Dams Primarily Used For Transportation Purposes

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Telecom Equipment’s

Countries :

African Countries

Imports :

Products :

Raw Material

Countries :

· US

· China

· Singapore

Terms :

Selling :

Cash, L/C and Credit

Purchasing :

Cash, L/C and Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Wholesalers, Retailers and Manufacturer

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

900 (Approximately)

Bankers :

· State Bank of Travancore, Residency Road Branch,Aishwarya Castle, # 10, Castle Street, Near Brigade Road, Ashok Nagar, Bangalore - 560025, Karnataka, India

· Indusind Bank Limited, 5^th Floor, 28, Centenary Building, Ground Floor, M G Road, Bangalore - 560001, Karnataka, India

· State Bank of India, Central Business District Branch, Acr Towers, 3rd Floor, No.32, Residency Road, Bangalore - 560025, Karnataka, India

· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015,

· Gujarat, India

· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India

· UTI Bank Limited, No.9, Esquire Centre, M G Road, M G Road, Bangalore - 560025, Karnataka, India

· Axis Bank Limited, No.9 M G Road, Bangalore - 560001, Karnataka, India

· Canara Bank, Prime Corporate Branch, Shankarnaryana Building, No. 25, M.G. Road, Bangalore – 560001, Karnataka, India

Facilities :

SECURED LOAN	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG-TERM BORROWINGS
Term loans from banks	353.520	433.254
Term loans from others	25.069	117.303
Borrowing from government semi-government bodies	168.750	393.750
Long-term maturities of finance lease obligations	7.278	57.958
Other loans and advances	8.535	1.330
SHORT-TERM BORROWINGS
Loans repayable on demand from others	552.878	0.000
Loans repayable on demand from banks	0.000	528.595
Loans repayable on demand from others	0.000	92.397
Total	1116.030	1624.587

Banking Relations :	--
Auditors :
Name :	Ford Rhodes Parks and Company Chartered Accountants
Address :	No. 439, 18^th Main, 6^th Block , Koramangala, Bangalore – 560095, Karnataka, India
PAN No.:	AAAFF1843L
Wholly Owned Subsidiary:	· United Telecoms E-Services Private Limited, India [U74999KA2009PTC050557] · Betul Wind Forms Limited, India [U40101DL2009PLC190339] · UTL Technologies Limited
Subsidiary :	· India Software Labs Private Limited, India [U35990KA2005PTC035752] · United Surya Energy Limited, India [U40102KA1995PLC017323] · NSP Electronics Limited · United Microelectronic Solutions Limited · United Wireless Technologies Limited, India [U72100KA2002PLC030277] · UTL Consultancy Limited, India [U74140KA2004PLC034995] · United Rajpur Steels (India) Private Limited, India [U27310KA2009PTC050333] · New Era Power Corporation Limited, India [U40102KA2007PLC043517] · United Sustainable Energy India Private Limited, India [U40100KA2005PTC036352]
Associates :	· Gujarat Online Private Limited India [U72200GJ2000PLC039014] · Priyaraj Electronics Limited, India [U32109KA1985PLC006819] · United Telelinks (Bangalore) Limited, India [U32109KA1994PLC015750] · Andhra Net Works Limited, India [U72200AP2000PLC034734] · Rajpur Minerals and Metals Management ltd, India [U14290KA2004PLC034346] · United ERP Solutions Limited, India [U72200KA2002PLC031069] · Raaja Magnetics Limited · Promuk Hoffman International Limited, India [U74300AP2001PLC038239] · Raaja Technics Limited *, India [U27103KA1983PLC005337] · United Sustainable Energy India Private Limited · Itasca Software Development Private Limited, India [U72200KA2004PTC034118] · United Power and Steel Alloys Limited, India [U64202KA2001PLC029121] · United Infra and Water Management Limited, India [U45209KA2004PLC034031] · Teleworld United Private Limited · Powered EPC Services Limited * · Trigyn Technologies Limited *, India [L72200MH1986PLC039341] · e-Capital Solutions (Bermuda) Limited, (?EB?)* · Leading Edge Infotech Limited* · Trigyn Technologies Inc.,* · Trigyn Technologies (India) Private Limited* · Trigyn Technologies Europe Gmbh, Germany* NOTE: * denotes companies with which there are no transactions during the year.

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
11500000	Equity Shares	Rs.10/- each	Rs. 115.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10882594	Equity Shares	Rs.10/- each	Rs. 108.826 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	108.826	108.395	108.395
(b) Reserves & Surplus	6740.246	6528.779	6400.291
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	26.410	14.300
Total Shareholders’ Funds (1) + (2)	6849.072	6663.584	6522.986
(3) Non-Current Liabilities
(a) long-term borrowings	596.644	1046.990	1568.292
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	195.017	428.564	324.217
(d) long-term provisions	31.105	26.064	21.929
Total Non-current Liabilities (3)	822.766	1501.618	1914.438
(4) Current Liabilities
(a) Short term borrowings	562.878	620.992	455.830
(b) Trade payables	1243.599	1105.035	2012.443
(c) Other current liabilities	626.505	656.746	729.232
(d) Short-term provisions	27.807	9.369	10.869
Total Current Liabilities (4)	2460.789	2392.142	3208.374
TOTAL	10132.627	10557.344	11645.798
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	858.277	964.567	1025.021
(ii) Intangible Assets	1.174	1.453	7.557
(iii) Capital work-in-progress	616.421	465.100	76.061
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1702.796	1702.291	1144.977
(c) Deferred tax assets (net)	788.770	892.869	772.102
(d) Long-term Loan and Advances	3140.455	3188.808	3790.726
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	7107.893	7215.088	6816.444
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	195.329	411.239	177.544
(c) Trade receivables	1788.325	1702.062	2232.953
(d) Cash and cash equivalents	111.856	171.427	786.512
(e) Short-term loans and advances	210.596	997.115	1264.370
(f) Other current assets	718.628	60.413	367.975
Total Current Assets	3024.734	3342.256	4829.354
TOTAL	10132.627	10557.344	11645.798

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	4486.214	3539.206	5241.613
		Other Income	7.029	433.977	1385.520
		TOTAL	4493.243	3973.183	6627.133
Less	EXPENSES
		Cost of Materials Consumed	132.732	401.388	2931.876
		Purchases of Stock-in-Trade	2683.739	1555.389	199.968
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	209.975	63.352	535.384
		Employees benefits expense	149.091	161.148	147.182
		Other expenses	781.490	1276.402	1118.220
		Exceptional items	(166.295)	0.260	279.037
		TOTAL	3790.732	3457.939	5211.667
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		702.511	515.244	1415.466
Less	FINANCIAL EXPENSES		276.430	325.599	418.859
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		426.081	189.645	996.607
Less/ Add	DEPRECIATION/ AMORTISATION		136.076	179.016	540.982
	PROFIT/ (LOSS) BEFORE TAX		290.005	10.629	455.625
Less	TAX		104.517	(117.859)	(139.771)
	PROFIT/ (LOSS) AFTER TAX		185.488	128.488	595.396
	EARNINGS IN FOREIGN CURRENCY
		Export of Goods on FOB basis	0.000	32.574	9.780
		Insurance	1.177	883.749	269.999
	TOTAL EARNINGS		1.177	916.323	279.779
	IMPORTS
		Raw materials and components (including traded items)	2011.890	1521.883	2402.915
		Capital Goods	0.000	0.188	29.860
	TOTAL IMPORTS		2011.89	1522.071	2432.775
	Earnings / (Loss) Per Share (Rs.)		16.98	11.85	54.93

Particulars	31.03.2014
Sales Turnover (Approximately)	7640.000

Expected Sales (2014-2015): Rs.9000.000 Millions

The above information has been parted by Mr. Hemchandra

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	4.13	3.63	11.36
Net Profit Margin (PBT/Sales)	(%)	15.66	14.56	27.00
Return on Total Assets (PBT/Total Assets}	(%)	4.13	0.14	4.72
Return on Investment (ROI) (PBT/Networth)		0.04	0.00	0.07
Debt Equity Ratio (Total Debt /Networth)		0.17	0.25	0.31
Current Ratio (Current Asset/Current Liability)		1.23	1.40	1.51

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	108.395	108.395	108.826
Reserves & Surplus	6400.291	6528.779	6740.246
Net worth	6508.686	6637.174	6849.072
long-term borrowings	1568.292	1046.990	596.644
Short term borrowings	455.830	620.992	562.878
Total borrowings	2024.122	1667.982	1159.522
Debt/Equity ratio	0.311	0.251	0.169

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	5241.613	3539.206	4486.214
		(32.479)	26.758

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	5241.613	3539.206	4486.214
Profit	595.396	128.488	185.488
	11.36%	3.63%	4.13%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-------------------
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	-------------------
22]	Litigations that the firm / promoter involved in	-------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-------------------
26]	Buyer visit details	-------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

PARTICULARS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG-TERM BORROWINGS
Deferred sales tax loan	33.492	43.395
SHORT-TERM BORROWINGS
Loans and advances from others	10.000	0.000
Total	43.492	43.395

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10503877	02/06/2014	220,000,000.00	DHANLAXMI BANK LIMITED	NO:13,KASTURBA ROAD, BANGALORE, KARNATAKA - 560001, INDIA	C07148976
2	10273635	26/02/2011	500,000,000.00	INDUSIND BANK LIMITED	28, CENTENARY BUILDING, GROUND FLOOR, M G ROAD, BANGALORE, KARNATAKA - 560001, INDIA	B08665192
3	10253288	31/08/2010	40,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	A96980487
4	10227490	25/05/2010	1,000,000,000.00	IDBI BANK LIMITED	IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	A87653325
5	10210323	28/05/2014 *	670,000,000.00	ORIENTAL BANK OF COMMERCE	THE LANDMARK, NO. 21/15, M. G. ROAD, BANGALORE, KARNATAKA - 560001, INDIA	C06960819
6	10174157	05/08/2009	237,707,892.00	CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED	2ND FLOOR, BRIGADE SOUTH PARADE, 10, M. G. ROAD, BANGALORE, KARNATAKA - 560001, INDIA	A68906122
7	10171407	01/12/2010 *	1,070,000,000.00	STATE BANK OF INDIA	CENTRAL BUSINESS DISTRICT BRANCH, ACR TOWERS, 3^RD FLOOR, NO. 32, RESIDENCY ROAD, BANGALORE, KARNATAKA - 560025, INDIA	B04235693
8	10171315	15/07/2009	900,000,000.00	LIFE INSURANCE CORPORATION OF INDIA	YOGAKSHEMA, JEEVAN BIMA MARG, MUMBAI, MAHARASHTRA - 400021, INDIA	A67910430
9	10165363	18/10/2012 *	750,000,000.00	CANARA BANK	PRIME CORPRATE BRANCH, SHANKAR NARAYANA BUILDING, NO. 25, M G ROAD, BANGALORE, KARNATAKA - 560001, INDIA	B61088399
10	10092990	23/12/2007	242,024,330.00	CISCO SYSTEMS CAPITAL (INDIA) PRIVATE LIMITED	2ND FLOOR, BRIGADE SOUTH PARADE, 10, M. G. ROAD, BANGALORE, KARNATAKA - 560001, INDIA	A34624379

* Date of charge modification

RESULTS FROM OPERATION

During the year, the Company earned a Gross Turnover including other income of Rs. 4493.200 Millions, the turnover increased as the Company could get the new order as anticipated in the financial year. The Company has taken up other related business and is highly confident of achieving good turnover in the coming years. In order to conserve, the Directors do not recommend any dividend for the year.

The Company has taken up South India Distributorship for Gionee Brand of Mobile Phones and is also in advance stage of negotiation for taking up South India Distributorship for HTC Brand of Mobile Phones.

FIXED ASSETS

Tangible assets

œ Land

œ Buildings

œ Plant and Equipment

œ Factory Equipments

œ Furniture and Fixtures

œ Vehicles

œ Office Equipment

œ Computer Equipments

œ Other Equipments

Intangible Assets:

œ Good Will

œ Computer Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.85
UK Pound	1	Rs.96.73
Euro	1	Rs.76.53

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	DIV
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.