MIRA INFORM REPORT

Report Date :

11.02.2014

IDENTIFICATION DETAILS

Name :	MICROMAX INFORMATICS LIMITED
Registered Office :	Block-A, Plot No.21/14, Naraina Industrial Area, Phase-II, New Delhi – 110 028
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	29.03.2000
Com. Reg. No.:	55-104823
Capital Investment / Paid-up Capital :	Rs.1955.575 Millions
CIN No.: [Company Identification No.]	U00000DL2000PLC104823
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of trading of third party manufactured mobile phones.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 24000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track record. Financial position of the company appears to be good. Company is operating on its owned funds. Trade relations are fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered normal for business dealing 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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

The services sector, the largest contributor to India’s GDP, contracted for the sixth consecutive month in December, as orders dipped. However, hiring has risen.  Direct tax collections rose 12.3 % during the April – December period of the current financial year.  The government has decided to retain 100 per cent foreign direct investment in both greenfield (new) and brown field (existing) pharmaceutical companies, despite concerns over genetic drugs going out of production, if multi-national companies take over domestic ones. In M&A deals, a non compete clause would not be allowed, except in special circumstances. The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated foreign direct investment policy document on March 31, incorporating changes made in the past year. DIPP compiles all policies related to India’s FDI regime into a single document to make it easy for investors to understand. 185 million estimated number of mobile internet users in India by June 2014, according to a report by the Internet & Mobile Association of India and IMRB International.  India had 110 million mobile internet users with 25 million in rural areas. $3.77 tn estimated global IT spending in 2014, according to research firm Gartner Inc. The growth forecast for this year is cut to 3.1 %from the earlier estimate of 3.5 %. The spending growth forecast for telecom services – a segment that accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per cent is the main reason for this overall IT cut. A Reserve Bank of India committee has recommended setting up a special category of lenders who would cater to small businesses and households, to expand the number of customers with access to banking services. These banks would focus onproviding payment services and deposit products.  Indian banks want the free use of automated teller machines to be capped at five transactions in a month including that of the bank in which the account is active. This follows state government order to banks to install security guards at ATM booths after a woman banker was assaulted in Bangalore. The government is likely to present a vote on Account in mid-February. The annual Economic Survey will be tabled later in Parliament along with the full Budget. A full Budget for 2014/15 is likely to be present in July by the new government formed after the General Election. The government will soon launch an internet spy system, called Netra, to detect malafide messages. Security agency will deploy the system to capture dubious voice traffic on applications such as Skype and Google Talk, as well as tweeters.

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long term Bank Facilities=A-
Rating Explanation	Adequate credit quality and average credit risk.
Date	09.01.2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities=A1
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	09.01.2014

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 31-03-2012.

INFORMATION DENIED

Management Non Co-operative (91-124-4811000)

LOCATIONS

Registered Office :	Block-A, Plot No.21/14, Naraina Industrial Area, Phase-II, New Delhi – 110 028, India
Tel. No.:	91-124-4811000
Fax No.:	91-124-4009603
E-Mail :	info@micromaxinfo.com anita@micromaxinfo.com
Website :	www.micromaxinfo.com
Head Office :	90B, Sector-18, Gurgaon – 122 015, New Delhi, India
Factory :	Plot No.234, HPSIDC Industrial Area, Tehsil Nalagarh, District Solan – 173 205, Himachal Pradesh, India

DIRECTORS

AS ON 12.09.2013

Name :

Mr. Rajesh Agrawal

Designation :

Director

Address :

B-312, Saraswati Vihar, New Delhi – 110 034, India

Date of Birth/Age :

22.02.1965

Date of Appointment :

29.03.2000

DIN No.:

00060434

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	Company/ LLP Status	Defaulting status
1	U74899DL1995PTC068082	MICROMAX TECHNOLOGIES PRIVATE LIMITED.	Director	02/05/1995	02/05/1995	Active	NO
2	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Whole-time director	19/11/2013	29/03/2000	Active	NO
3	U45201DL2005PTC139755	SHAKUN BUILDWELL PRIVATE LIMITED	Director	29/01/2010	29/01/2010	Active	NO
4	U37100DL2010PLC209463	MICROMAX ENERGY LIMITED	Director	18/10/2010	18/10/2010	Active	NO
5	U70100DL2011PTC215170	DREAMHOME INFRASTRUCTURE PRIVATE LIMITED	Director	09/11/2011	30/08/2011	Active	NO
6	U15412DL2002PLC258355	BHAGWATI PRODUCTS LIMITED	Director	19/12/2011	19/12/2011	Active	NO
7	U45400DL2009PTC253047	PRIME INFRADEVELOPERS PRIVATE LIMITED	Director	08/08/2012	06/08/2012	Active	NO

Name :

Mr. Vijay Kumar Gupta

Designation :

Director

Address :

1048/1, HIG Flats, Sector-39B, Chandigarh – 160 036, India

Date of Birth/Age :

21.12.1947

Date of Appointment :

21.09.2010

DIN No.:

00023101

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	U65910MH1988PLC046447	SBI DFHI LIMITED	Managing director	21/07/2006	21/07/2006	07/12/2007	Active	NO
2	U67120MH1997NPL112605	PRIMARY DEALERS' ASSOCIATION OF INDIA	Director	22/08/2006	22/08/2006	08/02/2008	Active	NO
3	U65929MH2001PLC131203	SBI GLOBAL FACTORS LIMITED	Whole-time director	01/04/2008	29/03/2008	01/04/2010	Active	NO
4	L65990MH1984PLC032422	SPANCO LIMITED	Director	24/09/2010	12/04/2010	20/10/2012	Active	NO
5	L29112DL1963PLC004084	SHRIRAM PISTONS AND RINGS LIMITED	Nominee director	08/06/2010	08/06/2010	26/10/2010	Active	NO
6	L74140MH1991PLC063709	IM+ CAPITALS LIMITED	Director	21/09/2011	13/08/2010	14/02/2013	Active	NO
7	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	27/09/2011	21/09/2010	-	Active	NO
8	U60222DL1986PLC026342	DARCL Logistics Limited	Director	08/09/2011	29/09/2010	-	Active	NO
9	U55109CH2003PLC025876	BEST FOODS LIMITED	Director	30/09/2011	22/02/2011	-	Active	NO
10	U24100MH2011PTC219139	TOFFEN PHARMACEUTICALS PRIVATE LIMITED	Director	31/08/2011	31/08/2011	01/10/2013	Active	NO
11	L40102MH1994PLC078468	USHDEV INTERNATIONAL LIMITED	Director	30/08/2012	06/02/2012	-	Active	NO
12	U66020MH2007GOI176787	SBI PENSION FUNDS PRIVATE LIMITED	Director	15/07/2013	04/09/2012	-	Active	NO

Name :

Mr. Amit Burman

Designation :

Director

Address :

E-83, Paschimi Marg, Vasant Vihar, new Delhi – 110 057, India

Date of Birth/Age :

16.07.1969

Date of Appointment :

21.09.2010

DIN No.:

00042050

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	U15202DL1996PLC083594	DABUR FOODS LIMITED	Managing director	03/12/1996	03/12/1996	-	Amalgamated	NO
2	U72900DL2000PTC104282	ANGEL SOFTECH PRIVATE LIMITED.	Director	09/03/2000	09/03/2000	-	Active	NO
3	U74899DL2000PLC104726	EMEDLIFE INSURANCE BROKING SERVICES LIMITED	Director	08/05/2000	08/05/2000	05/05/2007	Active	NO
4	U72900MH2000PTC125274	AZURE INFOTECH PRIVATE LIMITED	Director	26/05/2000	26/05/2000	02/04/2013	Active	NO
5	U74899DL1995PTC074830	WELLTIME GOLD AND INVESTMENTS PRIVATE LIMITED	Director	31/03/2001	31/03/2001	02/04/2013	Active	NO
6	U74140DL1999PLC098529	YOUNG ENTERPRENEURS ORGANISATION (DELHI CHAPTER)	Director	14/09/2001	14/09/2001	27/08/2007	Active	NO
7	U74899DL1979PTC021612	GYAN ENTERPRISES PRIVATE LIMITED	Director	17/09/2001	17/09/2001	-	Active	NO
8	L24230DL1975PLC007908	DABUR INDIA LIMITED	Director	01/11/2001	01/11/2001	-	Active	NO
9	U15499DL2002PTC114101	LITE BITE FOODS PRIVATE LIMITED	Director	04/02/2002	04/02/2002	-	Active	NO
10	U74899DL1983PTC014923	SUNRISE MEDICARE PRIVATE LIMITED	Director	29/05/2002	29/05/2002	02/04/2013	Active	NO
11	U74899DL1990PTC039561	MARGDARSHAK CONSTRUCTIONS PRIVATE LIMITED	Director	01/08/2002	01/08/2002	-	Amalgamated	NO
12	U74899DL1992PTC047570	WAKARUSA LABORATORIES PRIVATE LIMITED	Director	01/08/2002	01/08/2002	-	Amalgamated	NO
13	U51109DL1989PTC034865	MIRACLE COMMERCIAL PRIVATE LIMITED	Director	01/08/2002	01/08/2002	-	Amalgamated	NO
14	U92120DL2000PLC104539	PASADENSA FOODS LIMITED	Director	01/10/2002	01/10/2002	-	Amalgamated	NO
15	U15541DL1952PTC002196	KBC INDIA PRIVATE LIMITED	Director	15/11/2002	15/11/2002	23/11/2009	Active	NO
16	U51900DL1982ULT167790	MANESWARI TRADING COMPANY (A PRIVATE COMPANY)	Director	21/03/2003	21/03/2003	03/09/2007	Active	NO
17	L24231DL2003PLC119441	Fresenius Kabi Oncology Limited	Director	07/07/2003	07/07/2003	11/08/2008	Active	NO
18	U74899DL1979PTC021610	RATNA COMMERCIAL ENTERPRISES PRIVATE LTD.	Director	01/09/2003	01/09/2003	-	Active	NO
19	U74899DL1979ULT021615	CHOWDRY ASSOCIATES	Director	01/09/2003	01/09/2003	-	Active	NO
20	U31909HR1980PLC010226	QH TALBROS LIMITED	Director	31/03/2004	31/03/2004	-	Active	NO
21	U34103DL2004PTC127318	EURO MOTORS PRIVATE LIMITED	Director	02/07/2004	02/07/2004	20/03/2009	Active	NO
22	U24239DL1989PTC034593	BURMANS FINVEST Private LIMITED	Director	19/08/2004	19/08/2004	01/09/2008	Active	NO
23	L26941UP1983PLC027278	RADICO KHAITAN LIMITED	Director	31/03/2005	31/03/2005	27/10/2009	Active	NO
24	U74899DL1995PTC064350	DABUR SECURITIES PRIVATE LIMITED	Director	25/09/2009	22/08/2005	-	Active	NO
25	L74899DL1995PLC067827	PVR LIMITED	Director	27/09/2013	24/10/2005	-	Active	NO
26	U74210DL1971PTC005680	ORIENTAL STRUCTURAL ENGINEERS PRIVATE LIMITED	Director	15/05/2006	15/05/2006	-	Active	NO
27	U74999DL1996PTC079523	DABON INTERNATIONAL PRIVATE LIMITED	Director	17/05/2006	17/05/2006	16/12/2009	Active	NO
28	U15533DL2006PTC150381	NATURES BOUNTY WINES AND ALLIED PRODUCTS PRIVATE LIMITED	Director	28/06/2006	28/06/2006	-	Active	NO
29	U24246DL2002PTC117270	CONSORTIUM CONSUMERCARE PRIVATE LIMITED	Director	29/09/2007	15/11/2006	-	Active	NO
30	U51397DL1989PTC038048	WRAPSTER FOODS Private LIMITED	Director	29/09/2007	02/03/2007	-	Amalgamated	NO
31	U74120DL2007PLC163361	H & B STORES LIMITED.	Director	14/05/2007	14/05/2007	-	Active	NO
32	U45400DL2007PTC170790	A.B. PROPMART PRIVATE LIMITED	Director	27/11/2007	27/11/2007	-	Active	NO
33	U15411DL2007PTC171030	LITE EAT OUT FOODS PRIVATE LIMITED	Director	04/12/2007	04/12/2007	-	Active	NO
34	U45400DL2008PLC179214	JETAGE INFRASTRUCTURE LIMITED	Director	09/06/2008	09/06/2008	-	Active	NO
35	L29199HR1956PLC033107	TALBROS AUTOMOTIVE COMPONENTS LIMITED	Director	29/09/2008	25/06/2008	-	Active	NO
36	U65993DL1946PTC208205	SHREE INVESTMENT Private LTD	Director	30/09/2010	19/10/2009	04/06/2013	Active	NO
37	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	27/09/2011	21/09/2010	-	Active	NO
38	U15135DL2011PTC218825	Passionate Foods Private limited	Director	09/05/2011	09/05/2011	-	Active	NO
39	U52590DL2012PTC237913	LBF Trading Co Private Limited	Director	22/06/2012	22/06/2012	-	Active	NO
40	U92490DL2012PLC245625	YOUNG MUMBAI HOCKEY LIMITED	Director	04/12/2012	04/12/2012	15/02/2013	Active	NO
41	L93030DL2011PLC262151	CINEMAX INDIA LIMITED	Director	22/07/2013	28/03/2013	-	Active	NO
42	U55204DL2013PTC249972	LITE BITE TRAVEL FOODS PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO

Name :

Mr. Sumeet Kumar

Designation :

Director

Address :

A-1/20, Sector-8, Rohini, New Delhi – 110 085, India

Date of Birth/Age :

12.01.1974

Date of Appointment :

29.03.2000

DIN No.:

00060398

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	Company/ LLP Status	Defaulting status
1	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Whole-time director	01/04/2012	29/03/2000	Active	NO
2	U37100DL2010PLC209463	MICROMAX ENERGY LIMITED	Director	18/10/2010	18/10/2010	Active	NO
3	U15412DL2002PLC258355	BHAGWATI PRODUCTS LIMITED	Director	30/09/2013	11/09/2013	Active	NO

Name :

Mr. Rahul Sharma

Designation :

Director

Address :

H. No. 713, Block A, Sushant Lok 1, Gurgaon – 122 002, India

Date of Birth/Age :

05.01.1975

Date of Appointment :

29.03.2000

DIN No.:

00060485

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	Company/ LLP Status	Defaulting status
1	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Managing director	19/11/2013	29/03/2000	Active	NO
2	U37100DL2010PLC209463	MICROMAX ENERGY LIMITED	Director	18/10/2010	18/10/2010	Active	NO
3	U70100DL2011PTC215170	DREAMHOME INFRASTRUCTURE PRIVATE LIMITED	Director	09/11/2011	30/08/2011	Active	NO
4	U15412DL2002PLC258355	BHAGWATI PRODUCTS LIMITED	Director	29/09/2012	19/12/2011	Active	NO

Name :

Mr. Vikas Jain

Designation :

Director

Address :

B-1/118, 2^nd Floor, Block-B1, Paschim Vihar, new Delhi – 110 063, India

Date of Birth/Age :

01.08.1974

Date of Appointment :

29.03.2000

DIN No.:

00331624

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	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Whole-time director	01/04/2012	29/03/2000	-	Active	NO
2	U74899DL1995PTC071669	CENTRE FOR PROMOTION TRADE AND TECHNOLOGY PRIVATE LIMITED	Director	03/11/2004	03/11/2004	29/03/2011	Active	NO
3	U37100DL2010PLC209463	MICROMAX ENERGY LIMITED	Director	18/10/2010	18/10/2010	-	Active	NO
4	U45400DL2009PTC253047	PRIME INFRADEVELOPERS PRIVATE LIMITED	Director	08/08/2012	06/08/2012	-	Active	NO
5	U15412DL2002PLC258355	BHAGWATI PRODUCTS LIMITED	Director	30/09/2013	11/09/2013	-	Active	NO

Name :

Mr. Mohit Anand Bhatnagar

Designation :

Director

Address :

A-1/19, Shanti Niketan, New Delhi – 110 057, India

Date of Birth/Age :

30.06.1969

Date of Appointment :

21.09.2010

DIN No.:

00381741

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	U72900MH1999PTC122970	NAZARA TECHNOLOGIES PRIVATE LIMITED	Nominee director	18/05/2006	18/05/2006	29/07/2011	Active	NO
2	U72900MH2005PTC153248	PEOPLE INFOCOM PRIVATE LIMITED	Nominee director	26/07/2006	26/07/2006	20/04/2011	Active	NO
3	U72200HR1999PLC041214	Comviva Technologies Limited	Director	06/09/2007	06/09/2007	10/12/2012	Active	NO
4	U74300KA2007PTC042023	IDEACTS INNOVATIONS PRIVATE LIMITED	Nominee director	05/09/2008	07/11/2007	-	Active	NO
5	U72100TN2005PTC057463	PRIZM PAYMENT SERVICES PRIVATE LIMITED	Nominee director	30/04/2008	30/04/2008	-	Active	NO
6	U72200AP2004PTC042410	SATNAV TECHNOLOGIES PRIVATE LIMITED	Nominee director	26/05/2008	26/05/2008	29/03/2010	Active	NO
7	U65999KA2004PTC035329	UJJIVAN FINANCIAL SERVICES PRIVATE LIMITED	Director	18/07/2009	10/12/2008	-	Active	NO
8	U65999KA2000PTC033945	Sequoia Capital India Advisors Private Limited	Managing director	01/01/2009	01/01/2009	-	Active	NO
9	U72200AP1987PTC007601	IMI MOBILE PRIVATE LIMITED	Nominee director	02/11/2009	02/11/2009	-	Active	NO
10	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Nominee director	27/09/2011	21/09/2010	-	Active	NO
11	U93090MH2011PTC218163	ONEASSIST CONSUMER SOLUTIONS PRIVATE LIMITED	Director	08/07/2011	08/07/2011	-	Active	NO
12	U64100DL2009PTC193241	KNOWLARITY COMMUNICATIONS PRIVATE LIMITED	Nominee director	10/01/2012	10/01/2012	-	Active	NO
13	U74900MH2011PTC216800	Citrus Payment Solutions Private Limited	Director	20/01/2012	20/01/2012	-	Active	NO
14	U93030DL2010PTC198141	ZOMATO MEDIA PRIVATE LIMITED	Additional director	06/11/2013	06/11/2013	-	Active	NO

Name :

Mr. Ghyanendra Nath Bajpai

Designation :

Director

Address :

131, Shaan Apartments, K. D. Marg, Prabhadevi, Mumbai – 400 028, Maharashtra, India

Date of Birth/Age :

06.07.1942

Date of Appointment :

21.09.2010

DIN No.:

00946138

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	U32202DL1986PTC024575	INFOMERICS VALUATION AND RATING PRIVATE LIMITED	Director	17/03/2005	17/03/2005	12/12/2012	Active	NO
2	U74999MH2003PTC139774	INVENT ASSETS SECURITISATION AND RECONSTRUCTION PRIVATE LIMITED	Director	26/05/2005	26/05/2005	-	Active	NO
3	U74100MH2005PTC154587	INTUIT CONSULTING PRIVATE LIMITED	Director	07/07/2005	07/07/2005	-	Active	NO
4	U72200MH2005PTC153209	EPITOME GLOBAL SERVICES PRIVATE LIMITED	Director	23/12/2005	23/12/2005	18/09/2008	Active	NO
5	U66010MH2006PLC165288	Future Generali India Life Insurance Company Limited	Director	23/11/2007	16/03/2007	-	Active	NO
6	U66030MH2006PLC165287	Future Generali India Insurance Company Limited	Director	23/11/2007	16/03/2007	-	Active	NO
7	L17120MH1984PLC033553	MANDHANA INDUSTRIES LIMITED	Director	16/05/2007	16/05/2007	-	Active	NO
8	U74899DL2001NPL109345	INTERNATIONAL DEVELOPMENT ENTERPRISES (INDIA)	Director	25/06/2007	25/06/2007	-	Active	NO
9	U45201DL2005PLC133161	EMAAR MGF LAND LIMITED	Director	24/09/2007	19/09/2007	24/04/2012	Active	NO
10	L65191KL1927PLC000307	DHANLAXMI BANK LIMITED	Director	07/05/2008	26/09/2007	06/11/2012	Active	NO
11	L29120MH2005PLC156795	CAPITAL FIRST LIMITED	Director	14/08/2008	27/09/2007	28/09/2012	Active	NO
12	U72900MH2002PTC134544	apnapaisa private limited	Director	24/07/2008	22/10/2007	28/09/2012	Active	NO
13	L07010KA2004PLC033412	NITESH ESTATES LIMITED	Director	30/09/2008	29/11/2007	-	Active	NO
14	U67190MH2005PLC157444	Future Capital Investment Advisors Limited	Director	31/07/2008	04/01/2008	25/05/2010	Amalgamated	NO
15	U67190MH2004PLC150329	CAPITAL FIRST INVESTMENT ADVISORY LIMITED	Director	21/07/2008	04/01/2008	25/05/2010	Active	NO
16	L52602MH1996PLC192090	FUTURE CONSUMER ENTERPRISE LIMITED	Director	30/09/2008	20/02/2008	-	Active	NO
17	U67190MH2005PTC155404	INVENT ARC PRIVATE LIMITED	Director	24/09/2008	16/05/2008	-	Active	NO
18	L26942TN1951PLC000640	DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED	Director	25/07/2008	22/05/2008	02/02/2011	Active	NO
19	L85110KA1995PLC018045	Kingfisher Airlines Limited	Director	26/12/2008	15/10/2008	09/01/2012	Active	NO
20	U74899DL2000PLC103606	SHRIRAM NEW HORIZONS LIMITED	Director	30/09/2010	23/10/2009	-	Active	NO
21	U65922DL1988PLC033856	PNB HOUSING FINANCE LIMITED	Director	09/12/2009	09/12/2009	-	Active	NO
22	L31400WB1986PLC091621	USHA MARTIN LIMITED	Director	27/07/2010	18/03/2010	-	Active	NO
23	U65933MH1991PLC192261	Ultimate Investofin Limited	Additional director	26/07/2010	26/07/2010	23/08/2010	Active	NO
24	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	27/09/2011	21/09/2010	-	Active	NO
25	L74999MH1908PLC000291	WALCHANDNAGAR INDUSTRIES LIMITED	Director	10/02/2011	27/12/2010	-	Active	NO
26	U65191TN1996PLC035963	Dalmia Cement (Bharat) Limited	Director	08/08/2011	09/02/2011	-	Active	NO
27	U80302AP2002NPL039397	INSTITUTE OF INSURANCE AND RISK MANAGEMENT	Director	08/08/2012	24/10/2011	-	Active	NO
28	L01551KA1999PLC024991	United Spirits Limited	Director	25/09/2012	20/01/2012	-	Active	NO
29	L17122UP1988PLC009985	SHRI LAKSHMI COTSYN LIMITED	Additional director	14/08/2012	14/08/2012	28/02/2013	Active	NO

Name :

Mr. Mahendra Swarup

Designation :

Director

Address :

C-7, Paschimi Marg, Vasant Vihar, new Delhi – 110 057, India

Date of Birth/Age :

10.05.1953

Date of Appointment :

21.09.2010

DIN No.:

01213634

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	U74899DL1992PTC049684	KANGAROO PROPERTIES AND SERVICES PRIVATE LIMITED	Director	08/02/1993	08/02/1993	-	Active	NO
2	U74899DL1983PTC016670	S J COUNSULIN PRIVATE LIMITED	Director	25/09/1993	25/09/1993	16/03/2011	Strike off	NO
3	U51305DL1992PTC106030	NECTAR ENTERPRISES PRIVATE LIMITED	Director	15/02/2000	15/02/2000	-	Active	NO
4	U32109UP1984PTC006836	NECTAR ENTERPRISES PRIVATE LIMITED	Director	15/02/2000	15/02/2000	-	Dormant	NO
5	U74999DL2000PTC105166	BHAVYA FASHION PLEX PRIVATE LIMITED	Director	18/08/2005	18/08/2005	-	Active	NO
6	U72900DL2002PTC113848	OXIGEN INFOVISION PRIVATE LIMITED	Director	13/05/2006	13/05/2006	31/01/2008	Amalgamated	NO
7	U72293DL2006PTC148795	VIS LEGIS CONSULT PRIVATE LIMITED.	Director	08/07/2006	08/07/2006	-	Active	NO
8	U74950PB1996PLC018439	BBF INDUSTRIES LIMITED	Director	01/05/2007	01/05/2007	-	Active	NO
9	U45400DL2007PTC163788	SVG Media Private Limited	Director	30/06/2007	30/06/2007	25/10/2012	Active	NO
10	U72200DL1999PTC098275	SMILE MULTIMEDIA PRIVATE LIMITED	Director	01/08/2007	01/08/2007	04/09/2012	Active	NO
11	U74300DL2005PTC134829	QUASAR MEDIA PRIVATE LIMITED	Director	30/09/2008	14/11/2007	21/09/2012	Active	NO
12	U74140DL2009PTC194168	IVCA CONSULTANCY PRIVATE LIMITED	Director	11/09/2009	11/09/2009	-	Active	NO
13	U70102WB1995PTC069790	GLOBAL REALTY HOSPITALITY VENTURE PRIVATE LIMITED	Additional director	10/10/2009	10/10/2009	02/03/2010	Active	NO
14	U67120DL1991PTC209580	V K FISCAL SERVICES PRIVATE LIMITED	Additional director	10/10/2009	10/10/2009	02/03/2010	Active	NO
15	U74899DL1997PTC089845	VASU PROPERTIES PRIVATE LIMITED	Additional director	10/10/2009	10/10/2009	02/03/2010	Active	NO
16	U74140DL2010PTC198685	ALCUMUS VENTURES ADVISORS PRIVATE LIMITED	Director	04/02/2010	04/02/2010	-	Strike off	NO
17	U74999DL2010PTC200682	SMILE TRAVEL SOLUTIONS PRIVATE LIMITED	Director	25/03/2010	25/03/2010	-	Active	NO
18	U72300TN1996PTC036958	TECHNOLOGY FRONTIERS (INDIA) PRIVATE LIMITED	Director	26/11/2010	02/08/2010	-	Active	NO
19	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	27/09/2011	21/09/2010	-	Active	NO
20	U63000DL2011PTC212322	LUSH ESCAPES LUXURY VACATIONS PRIVATE LIMITED	Director	07/01/2011	07/01/2011	-	Active	NO
21	U51909DL2008PTC180421	TROOTRAC MEDIA PRIVATE LIMITED	Director	30/09/2011	08/02/2011	-	Active	NO
22	U52100DL2007PTC172061	OMG India Internet Marketing Private Limited	Director	30/09/2011	08/02/2011	-	Active	NO
23	U74900DL2010NPL198236	IVC ASSOCIATION	Director	30/09/2011	15/03/2011	-	Active	NO
24	U67190DL2005PTC141426	AVIGO CAPITAL PARTNERS PRIVATE LIMITED	Director	13/08/2012	08/05/2012	-	Active	NO
25	U74899DL1995PLC070603	SRL Limited	Alternate director	08/05/2013	25/10/2012	-	Active	NO
26	U52334KA1994PLC015169	RINAC INDIA LIMITED	Nominee director	30/09/2013	18/12/2012	-	Active	NO
27	U74999UP2009PTC036747	MAHARANA INFRASTRUCTURE AND PROFESSIONAL SERVICES PRIVATE LIMITED	Nominee director	24/01/2013	24/01/2013	-	Active	NO
28	AAA-0166	ALCUMUS & PARTNERS LLP	Designated Partner	01/09/2009	01/09/2009	-	Active	NO

Name :

Mr. Naveen Wadhera

Designation :

Director

Address :

The Garden Flat, 6 Roland Gardens, London, SW73PH, United Kingdom

Date of Birth/Age :

26.04.1977

Date of Appointment :

24.12.2009

DIN No.:

02503164

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	Company/ LLP Status	Defaulting status
1	U74900MH2008PTC188893	TA Associates Advisory Private Limited	Director	19/05/2010	13/02/2009	Active	NO
2	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Nominee director	24/12/2009	24/12/2009	Active	NO
3	U74899DL1995PTC065388	DR. LAL PATHLABS PRIVATE LIMITED	Nominee director	31/08/2010	31/08/2010	Active	NO
4	U72400MH2000PTC125369	FRACTAL ANALYTICS Private Limited	Director	19/06/2013	19/06/2013	Active	NO

KEY EXECUTIVES

Name :	Ms. Anita Goel
Designation :	Secretary
Address :	Flat-287, DDA SFS Flats, pocket 1 and 2, Sector-3, Dwaraka, New Delhi – 110 045, India
Date of Birth/Age :	10.11.1960
Date of Appointment :	20.11.2009
Pan No.:	AGMPA1855B

MAJOR SHAREHOLDERS

AS ON 12.09.2013

Names of Equity Shareholders	No. of Shares
Rahul Sharma	38283345
Sumeet Arora	38275945
Vikas Jain	38275945
Rajesh Agarwal	38275945
Yash Bhatia	7400
Vipul Jain	7400
Manju Arora	7400
Wagner Limited, Mauritius	28990610
SCI Growth Investments II, Mauritius	5190656
Sandstone Investment Partners I, Mauritius	5190656
Madison India Capital, Mauritius	765308
Spreadtrum Communications INC, Cayman Islands	2286753
Total	195557363

Names of Preference Shareholders	No. of Shares
Wagner Limited, Mauritius	1
Total	1

Equity Share Break up (Percentage of Total Equity)

AS ON 12.09.2013

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	21.69
Directors or relatives of Directors	78.31
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of trading of third party manufactured mobile phones.
Brands :	· Micromax · Micromax Mobile

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· The Ratnakar Bank Limited, Shahupuri, Kolhapur – 416 001, Maharashtra, India

· Punjab National Bank, IBB, DCM Building, 8^th Floor, Barakhamba Road, New Delhi – 110 001, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Loans and Advances from Directors	0.000	100.000
Total	0.000	100.000

Banking Relations :	--
Auditors :
Name :	Walker, Chandiok and Company Chartered Accountants
Address :	21^st Floor, Dlf Square Jacaranda Marg, Dlf Phase II, Gurgaon, India
PAN No.:	AACFG9740K
Subsidiary Companies :	· Micromax Informatics FZE, United Arab Emirates · Bhagwati Products Limited, India [U15412DL2002PLC258355]
	·
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Micromax Technologies Private Limited, India [U74899DL1995PTC068082] · Silicon Televenture Private Limited, India [U32103DL2009PTC192864]

CAPITAL STRUCTURE

AS ON 12.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
249999900	Equity Shares	Rs.10/- each	Rs.2499.999 Millions
1	Preference Shares	Rs.1000/- each	Rs.0.001 Million
	Total		Rs.2500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
195557363	Equity Shares	Rs.10/- each	Rs.1955.574 Millions
1	Preference Shares	Rs.1000/- each	Rs.0.001 Million
	Total		Rs.1955.575 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	1955.570	1955.570	1932.710
(b) Reserves & Surplus	4103.150	2199.650	1581.680
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	6058.720	4155.220	3514.390
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	2.350
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	82.590	66.220	27.070
(d) long-term provisions	382.580	199.770	189.920
Total Non-current Liabilities (3)	465.170	265.990	219.340
(4) Current Liabilities
(a) Short term borrowings	0.000	100.000	300.910
(b) Trade payables	5071.510	3134.520	2734.310
(c) Other current liabilities	573.960	237.390	524.540
(d) Short-term provisions	598.220	332.620	482.310
Total Current Liabilities (4)	6243.690	3804.530	4042.070
TOTAL	12767.580	8225.740	7775.800
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	101.310	93.010	93.960
(ii) Intangible Assets	5.110	4.040	6.310
(iii) Capital work-in-progress	41.550	41.550	41.330
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	55.040	55.040	2.040
(c) Deferred tax assets (net)	21.900	1.010	17.280
(d) Long-term Loan and Advances	798.860	838.610	269.970
(e) Other Non-current assets	57.310	57.100	9.280
Total Non-Current Assets	1081.080	1090.360	440.170
(2) Current assets
(a) Current investments	1409.600	610.520	8.370
(b) Inventories	2702.670	2700.540	2974.900
(c) Trade receivables	3263.540	1625.220	3074.450
(d) Cash and cash equivalents	3797.710	1973.610	669.420
(e) Short-term loans and advances	459.060	194.080	598.290
(f) Other current assets	53.920	31.410	10.200
Total Current Assets	11686.500	7135.380	7335.630
TOTAL	12767.580	8225.740	7775.800

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2013	31.03.2012	31.03.2011
	SALES
		Income		30553.470	13377.310	22987.660
		Other Income		515.800	234.340	314.390
		TOTAL (A)		31069.270	13611.650	23302.050
Less	EXPENSES
		Purchase of Stock-in-trade		24025.870	10500.200	19194.090
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade		0.000	0.000	(2306.860)
		Employee Benefits Expenses		421.190	187.360	125.250
		Other Expenses		3719.350	2639.020	3342.730
		Prior Period Items		0.000	8.260	0.000
		TOTAL (B)		28166.410	13334.840	20355.210
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			2902.860	276.810	2946.840
Less	FINANCIAL EXPENSES (D)			80.800	45.800	14.380
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			2822.060	231.010	2932.460
Less	DEPRECIATION/ AMORTISATION (F)			14.620	15.150	16.780
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			2807.440	215.860	2915.680
Less	TAX (H)			903.940	73.770	975.410
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			1903.500	142.090	1940.270
	EARNINGS IN FOREIGN CURRENCY
			FOB Value of Exports	18.700	95.280	363.460
	TOTAL EARNINGS			18.700	95.280	363.460
	IMPORTS
			Purchases	20901.450	9932.510	18445.480
			Spares and Accessories	575.790	94.670	137.400
			Capital Goods	0.000	0.400	0.220
	TOTAL IMPORTS			21477.240	10027.580	18583.100
	Earnings Per Share (Rs.)			9.73	0.73	10.04

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	6.13	1.04	8.33
Net Profit Margin (PBT/Sales)	(%)	9.19	1.61	12.68
Return on Total Assets (PBT/Total Assets}	(%)	21.88	2.66	37.79
Return on Investment (ROI) (PBT/Networth)		0.46	0.05	0.83
Debt Equity Ratio (Total Debt /Networth)		0.00	0.02	0.09
Current Ratio (Current Asset/Current Liability)		1.87	1.88	1.81

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
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	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

NOTE: Registered office address of the company has been shifted from Block-A, Plot No.21/14, Naraina Industrial Area, New Delhi – 110 028, India to the present address w.e.f. 31.05.2010

BACKGROUND:

Micromax Informatics Limited subject was incorporated on 29 March 2000. Subject was initially in the business of manufacturing fixed wireless terminals and phones. During the year ended 31 March 2009, subject began the business in trading of third party manufactured mobile phones under its brands namely “Micromax” and “Micromax Mobile”.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10471672	27/12/2013	920,000,000.00	THE RATNAKAR BANK LIMITED	SHAHUPURI,KOLHAPUR, KOLHAPUR, MAHARASHTRA - 416001, INDIA	B94054020
2	10431262	16/05/2013	750,000,000.00	PUNJAB NATIONAL BANK	LARGE CORPORATE BRANCH, U&I BUILDING, SECTOR-29, GURGAON, HARYANA - 122002, INDIA	B77141646
3	10212060	02/12/2011 *	1,500,000,000.00	STATE BANK OF INDIA	11TH & 12TH FLOOR, JAWAHAR VYAPAR BHAWAN, 1, TOLS TOY MARG, NEW DELHI, DELHI - 110001, INDIA	B27899640
4	10195983	15/02/2011 *	1,670,000,000.00	STANDARD CHARTERED BANK	CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B08149064
5	10198329	29/09/2011 *	1,400,000,000.00	DBS BANK LIMITED	UPPER GROUND FLOOR, BIRLA TOWER, 25, BARAKHAMBA R OAD, NEW DELHI, DELHI - 110001, INDIA	B24057671
6	10157400	29/09/2011 *	1,000,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 400018, INDIA	B25681362
7	10100509	29/09/2011 *	1,150,000,000.00	CITIBANK N.A	9TH FLOOR, DLF SQUARE, M-BLOCK, JARCANDA MARG, DL F CITY, PHASE 2, GURGAON, HARYANA - 122002, INDIA	B23518640

* Date of charge modification

PRESS RELEASE:

MAd about ads? Now get paid to watch your favorite ads with Micromax MAd

New Delhi, January 17, 2014:

Are you the person who is MAd about advertisements? Micromax will now pay you to watch your favorite advertisements! Following its legacy of creating ‘nothing like anything’ experiences for the Indian consumers, Micromax, India’s second largest smartphone player, today announced the launch of Micromax MAd, a unique application designed for those who love ads, which will come pre-loaded on its latest smartphone Micromax MAd A94.

With a simple 4 step process, MAd allows users to watch advertisements and earn points from every advertisement one views, which then can be converted into rupees. The money will eventually will be credited into their postpaid/pre-paid accounts. With one time registration, the service will work for all opted-in subscribers across all telecom operators.

Commenting on the launch, Mr. Rahul Sharma, Co-founder, Micromax said “With the launch of Micromax MAd, we aim to create a powerful medium to interact, engage, entertain and connect with the consumers by lending them our ears to voice their areas of interest, preferences and incentivizing it for them through reward. This service would provide a high engagement communication channel for the brands to break away from the clutter. It is also going to prove to be a game changer for operator eco-system who are looking at newer and innovative ways to help them improve their profitability from every user. This unique service would also prove to be very significant for mobile eco-systems by solving the problem of ARPU (Average revenue per user), and contributing to the overall profitability.

Built with design precision, the A94 sports a 4.5 inch full touch screen sporting a 5MP rear and front camera allowing all the people who are in awe of themselves, to capture all their favorite moments in supreme clarity. Promising efficiency, the smartphone packs a 1.2 GHz quad core processor and an 1800 mAh battery. Running on Android Jelly Bean 4.2.2, users get access to the millions of applications via the Google Play Store. Other than the unique MAd application, the phone packs lot of fun and new features like M!Live portal to download unlimited Games, Videos, Wallpapers & Music , BBM & Hike for Instant Messaging, Spuul to Watch Free Movies, Kingsoft Office to read, write and edit attachments On-the-Go, Opera Mini browser for optimal net surfing. The phone supports Bluetooth v4.0 and Wi-Fi, ensuring full time connectivity for the social media buffs.

Shubhodip Pal, Chief Marketing Officer, Micromax said, “Micromax Advertising Application, MAd, is our unique attempt to create a win-win for the Mobile Eco-system where our customer not only gets delighted with the device hardware, but also with the unique application that will be supported across all GSM telecom operators and works well for both prepaid & postpaid customers. The launch of the MAd would be supported a clutter breaking 360 degree marketing campaign across print, online and TV. We have already kick started the digital leg of the campaign with ‘Guess the Ad Campaign’ which has received an overwhelming response from the ad-crazy audiences across social media platforms. First of its kind, the campaign is truly a tribute to the advertising world appreciating some amazing advertisements by leading brands.”

Micromax Unveils LapTab, the First Dual-Boot Tablet at CES 2014

January 07, 2014:

Micromax, India’s second largest smartphone player today unveiled LapTab, the first dual-boot Windows and Android tablet powered by Intel. LapTab was showcased for the audiences around the world at Digital Experience! Pepcom’s big consumer electronics showcase ahead of CES® 2014. LapTab would be launched officially in early February for consumers.

Powered by an Intel® processor (“Bay Trail-M”), the first-in-the-world tablet will offer great performance, and promises an impressively long battery-life for media consumption on the device. The device supports both Android 4.2.2 Jelly Bean OSand Windows 8.Aptly designed for multitasking across operating platforms, users would need to simply reboot the device and select the alternate option to switch from Windows to Android and vice versa.

Commenting at the Pepcom event, Mr. Rahul Sharma, Co-Founder, Micromax said, “Today, we are taking the next leap in raising the innovation bar globally, with the introduction of LapTab. Over the past few years, we have been witnessing a growing trend of increasing consumer demand for two operating systems in one device, which offers a blend of great PC like productivity in a tablet like form factor for seamless consumption. The Micromax LapTab fulfills that consumer need by giving them access to the world’s first dual-boot tablet. Combining functionality and style, the LapTab further builds on our promise to constantly empower our users with superior technology that directly addresses their needs.”

He further commented, “As Micromax looks to expand footprints across global markets, we would continue to fulfill our promise of democratizing technology for people around the world by making it more affordable and accessible. We would be unveiling an array of innovative products across international markets in next six months for which Micromax is known for.”

Commenting on the launch Steven J. Dallman,vice president, Sales and Marketing Group and general manager, OEM Channel Engagement at Intel said, “Today people want choice when it comes to operating system environments and only Intel Architecture can deliver a complete user experience. The innovation we are seeing from companies like Micromax is exciting and we congratulate the company on its introduction of the LapTab.”

Designed with precision, the form factor of the LapTab exemplifies sleekness and simplicity sporting a 10.1” IPS vibrant display. Powered by a 1.46 Ghz Intel® Celeron® N2805 processor, 2GB RAM and 7400 mAh battery, the tablet promises to take care of all your multitasking needs in no time making it super-efficient. The tablet packs in a 2MP front camera allowing users to capture images, record videos and chat online without any hassle. With its innovative brightness control technology, the LapTab automatically adjusts the screen content by continuously monitoring the environment.

With storage of 32 GB expandable up to 64 GB, the tablet supports Bluetooth v4.0 and Wi-Fi, ensuring full time connectivity. The LapTab comes with a transleeve which can be combined as a cover and stand for the wireless keyboard packed with a 230 mAh battery promising a continuous usage of 20+ hours. Consumers will also have an option to buy a customized keyboard for LapTab when it hits the stands.

FIXED ASSETS:

· Land

· Building

· Plant and machinery

· Furniture and fixture

· Vehicles

· Office Equipments

· Computers

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.62.19
UK Pound	1	Rs.102.14
Euro	1	Rs.84.74

INFORMATION DETAILS

Information Gathered by :	JML
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		54

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

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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