MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	ADINO TELECOM LIMITED
Country :	India
Financials (as on) :	31.03.2013
PAN No.: [Permanent Account No.]	MUMA07962D
Legal Form :	A Closely Held Public Limited Liability Company
No. of Employees :	Information declined by the management

BUSINESS DETAILS

Line of Business :	Importer, Distributor Service Provider of Telecom Products.
Products :	· Analog Radios · Digital Transceivers · Manageable Switches · Routers · SMF Battery · UHF Radios · VHF Radios · Wireless Equipments
Imports :
Products :	Telecom Products
Countries :	China
Terms :
Selling :	L/C / Credit
Purchasing :	L/C / Credit

GENERAL INFORMATION

Suppliers :

· Autobat Accumulator Private Limited

· Axiom Energy Conversion (Private) Limited

· Eion Inc

· Frontier Trading Company

· Gayatri Dimensions,

· GenextSolutions

· Himalayan Electronics

· Riya Electronics

· Shenzhen Center Power Tech Company Limited

· S.K.Industrial Corporation

· S.Kumar Computers Private Limited-Vadodara

· SystemsCreator

· Telimart Systems

· Vsquare Networks

· Yeonwha M Tech Company Limited

· CGS Networks Private Limited

Customers :

End Users

· Micro Inks

· Patni

· Hindalco

· Toyota

· Rallis

· Bharti

· Tata Steel

· British Gas

· GNFC

· Indian Oil

· Reliance Energy

· Ranbaxy Laboratories Limited

· Air India

· NIIT

· Cadbury

· Blue Dart

· Raymond

No. of Employees :

Information declined by the management

Bankers :

Bank of India, Andherilarge Corporate Branch, M.D.I Building, 28, S.V Road, Andheri (West), Mumbai - 400058, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Cash credit loan
From bank
Bank of India (Secured by hypothecation of stock in trade, book debts and further guaranteed by all directors.	36.732	36.658
Kotak Mahindra Prime limited	0.263	1.609
Total	36.995	38.267

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Loans and advance from related parties
Inter Corporate Deposits
Miro Electronic Limited	12.500	12.500
Loans from directors
Gulu Mirchandani	4.166	4.165
Vijay Mansukhani	40.685	33.335
Nanik Rupam	0.710	1.249
Dayal Hemrajani	0.710	1.249
Total	58.771	52.498

Banking Relations :	---
Auditors :
Name :	V. M Hemrajani and Company Chartered Accountants
Address :	1st Floor, Indian Globe Chambers, Fort Street, Mumbai – 400001, Maharashtra, India
Tel. No.:	91-22-22611170
Fax No.:	91-22-22659701
E-Mail :	AAAPH6194E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares
Vijay Jaikrishin Mansukhani	517997
Guhi Lalchand Mirchandani	199999
Gita Gulu Mirchandani	1
Marissa Vijay Mansukhani	1
Akshay V. Mansukhani	1
Ayesha V. Mansukhani	1
IIFL Wealth Management Limited (As Trustee), India	30000
Ms. Riya Malani Through her natural guardian Mr. Lalit Malani	1000
Ms. Simran Malani Through her natural guardian Mr. Lalit Malani	1000
Total	750000

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	4.00
Directors or relatives of Directors	95.73
Other top fifty shareholders	0.27
Total	100.00

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	7.500	7.500	7.500
(b) Reserves & Surplus	59.225	47.359	35.510
(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)	66.725	54.859	43.010
(3) Non-Current Liabilities
(a) long-term borrowings	95.766	90.765	78.133
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	95.766	90.765	78.133
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	31.529	24.914	52.701
(c) Other current liabilities	6.385	7.812	9.332
(d) Short-term provisions	6.641	6.624	4.312
Total Current Liabilities (4)	44.555	39.350	66.345
TOTAL	207.046	184.974	187.488
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6.252	6.735	8.166
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	8.484	8.645	11.415
(c) Deferred tax assets (net)	0.467	0.575	0.207
(d) Long-term Loan and Advances	1.822	1.734	1.522
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	17.025	17.689	21.310
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	25.034	30.542	16.308
(c) Trade receivables	139.064	110.741	125.702
(d) Cash and cash equivalents	0.748	1.607	1.749
(e) Short-term loans and advances	9.463	10.842	10.411
(f) Other current assets	15.712	13.553	12.008
Total Current Assets	190.021	167.285	166.178
TOTAL	207.046	184.974	187.488

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	182.413	160.860	190.332
		Other Income	0.882	1.676	0.754
		TOTAL	183.295	162.536	191.086
Less	EXPENSES
		Purchase	91.726	83.403	110.232
		Changes in inventories Stock-in-Trade	5.508	(14.234)	2.452
		Employees benefits expense	25.298	27.279	24.691
		Operational and Other Expenses	29.714	33.475	26.002
		TOTAL	152.246	129.923	163.377
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		31.049	32.613	27.709
Less	FINANCIAL EXPENSES		13.669	13.250	11.853
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		17.380	19.363	15.856
Less/ Add	DEPRECIATION/ AMORTISATION		1.668	2.082	2.124
	PROFIT/ (LOSS) BEFORE TAX		15.712	17.281	13.732
Less	TAX		3.845	5.433	3.876
	PROFIT/ (LOSS) AFTER TAX		11.867	11.848	9.856
	Earnings / (Loss) Per Share (Rs.)		15.82	15.80	13.14

Particulars	31.03.2014
Sales Turnover	200.000

The above information has been parted by Ms. Suhani (Account Executive)

RATING & COMMENTS

MIRA’s Rating :

B (33)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear

RBI DEFAULTERS’ LIST STATUS

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

LOCATIONS

Registered Office :

C-11, Sea- Face Park, 5th Floor, 50 Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India

Tel. No.:

91-22-23637694

Fax No.:

Not Available

E-Mail :

sunil@adinotelecom.com

info@adinotelecom.com

corporate@adinotelecom.com

Website :

http://www.adinotelecom.com

Head Office :

B-3/4, Nandkishore Industrial Estate, Off Mahakali Caves Road, Andheri (East) Mumbai - 400 093, Maharashtra, India

Tel. No.:

91-22-66044600

Fax No.:

91-22-66044647

Branch Office :

Located at

· New Delhi

· Bangalore

· Gandhinagar

· Kolkata

· Secundrebad

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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.