MIRA INFORM REPORT

Report Date :

31.07.2014

IDENTIFICATION DETAILS

Name :	FIS GLOBAL BUSINESS SOLUTIONS INDIA PRIVATE LIMITED
Registered Office :	S-405 (LGF), Greater Kailash Part II, New Delhi-110048
Country :	India
Financials (as on) :	31.12.2012
Date of Incorporation :	14.07.1997
Com. Reg. No.:	55-088532
Capital Investment / Paid-up Capital :	Rs. 145.100 Millions
CIN No.: [Company Identification No.]	U72900DL1997PTC088532
PAN No.:	AAACH2815H
Legal Form :	Private Limited Liability Company
Line of Business :	The company is a service company, primarily rendering outsourcing and software development services.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 13000000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Management of the company not filed its latest financial i.e. December 2013, with the government department. As per available financials of Dec 2012, there seems some dip in the profit of the company. However, general financial position of the company is good. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually 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

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

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 DENIED

Management Non Co-operative (91-22-39804900)

LOCATIONS

Registered Office :	S-405 (LGF), Greater Kailash Part II, New Delhi- 11004
Tel. No.:	91-22-39804900
Fax No.:	Not Available
E-Mail :	India_Compliance@fisglobal.com
Website :	www.fisglobal.com
Branch Office 1 :	3^rd Floor, Fairmont, Hiranandani Business Park, Powai, Mumbai- 400076, Maharashtra, India
Tel. No.:	91-22-39804900
E-Mail :	in_facility_powai@fisglobal.com
Branch Office 2 :	402, I Park, Plot No. 15, Udyog Vihar, Phase- IV, Gurgoan 122016, Harayana, India
Tel. No.:	91-124-392-7500
Branch Office 3 :	Arihant The Viceroy Building, Old No: 25, New No: 22, Sardar Patel Road, Guindy, Chennai- 600032, Tamil Nadu, India.
Tel. No.:	91-44-39111500

DIRECTORS

As on: 29.06.2013

Name :

Mr. Raman Kumar Sharma

Designation :

Director

Address :

C-77, Sarita Vihar, New Delhi-110044, India

Date of Birth/Age :

03.11.1959

Date of Appointment :

29.04.2009

DIN No.:

00046763

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	U74899DL1988PTC031187	SHUCHI BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	04-04-1988	04-04-1988	-	Strike off	NO
2	U74899DL1991PTC046149	MCKINSEY AND CO CONSULTANTS PRIVATE LIMITED	Director	24-10-1991	24-10-1991	-	Strike off	NO
3	U74899DL1991PTC044742	SUMANAV EXPORTS PRIVATE LIMITED	Director	26-12-1991	26-12-1991	25-03-2009	Active	NO
4	U74899DL1994PTC060636	ROCKY ESTATES PRIVATE LIMITED	Director	01-08-1996	01-08-1996	-	Active	NO
5	U18109DL1996PTC080429	FLINT EXPORTS PRIVATE LIMITED	Director	18-01-1999	18-01-1999	-	Active	NO
6	U74899DL1994PLC057419	FEDERAL-MOGUL VSP (INDIA) LIMITED	Director	22-06-1999	22-06-1999	04-01-2010	Active	NO
7	U72900DL1997PTC088532	FIS GLOBAL BUSINESS SOLUTIONS INDIA PRIVATE LIMITED	Director	29-04-2009	21-06-2000	-	Active	NO
8	U74899DL1988PTC032549	MICROSOFT CORPORATION (INDIA) PVT LTD	Alternate director	14-12-2010	14-03-2001	-	Active	NO
9	U72200DL1998PTC093824	MICROSOFT INDIA (R&D) PRIVATE LIMITED	Alternate director	14-12-2010	14-03-2001	-	Active	NO
10	U15549DL1996PTC083780	BACARDI INDIA PRIVATE LIMITED	Nominee director	01-07-2002	01-07-2002	-	Active	NO
11	U72900DL2003PTC119428	THREE C INFOCORP INDIA PRIVATE LIMITED	Director	17-03-2003	17-03-2003	01-10-2007	Strike off	NO
12	L24230MH1986PLC040603	KDL BIOTECH LIMITED	Director	28-11-2003	28-11-2003	18-07-2008	Active	NO
13	U72900DL2004PTC126411	MMG COMMUNICATIONS PRIVATE LIMITED	Director	18-05-2004	18-05-2004	25-01-2010	Strike off	NO
14	U34300TG2004PTC057947	FISHER DYAMICS AUTOMOTIVE INDIA PRIVATE LIMITED	Director	22-06-2004	22-06-2004	-	Dormant	NO
15	U01135TG2004PTC055107	DELTAPINE INDIA SEED PRIVATE LIMITED	Director	21-09-2004	21-09-2004	01-12-2007	Amalgamated	NO
16	U51909DL2004PTC129552	SHIELD MARKETING PRIVATE LIMITED	Director	30-09-2004	30-09-2004	30-01-2012	Active	NO
17	U73100DL2004PTC129754	MICROSOFT RESEARCH LAB INDIA PRIVATE LIMITED	Director	08-10-2004	08-10-2004	-	Active	NO
18	U32106KA2004PTC035235	COMMSCOPE SOLUTIONS (INDIA) PRIVATE LIMITED	Director	14-12-2004	14-12-2004	10-08-2009	Active	NO
19	U45202DL1998PTC097673	SPARROWHAWK INTERNATIONAL CHANNELS INDIA PRIVATE LIMITED	Director	23-02-2005	23-02-2005	15-07-2008	Active	NO
20	U74140DL2005PTC134963	MICROSOFT GLOBAL SERVICES CENTER (INDIA) PRIVATE LIMITED	Director	13-04-2005	13-04-2005	-	Active	NO
21	U74140MH2005PTC174180	IPSOS (INDIA) PRIVATE LIMITED.	Director	02-05-2005	02-05-2005	30-08-2012	Amalgamated	NO
22	U74999DL2004PTC124104	FIS GLOBAL RECOVERY SERVICES INDIA PRIVATE LIMITED	Alternate director	05-08-2005	05-08-2005	19-12-2006	Active	NO
23	U72200DL2005PTC134488	FIS PAYMENT SOLUTIONS & SERVICES INDIA PRIVATE LIMITED	Alternate director	05-08-2005	05-08-2005	19-12-2006	Active	NO
24	U51909DL1996PTC256061	GOLDMAN AGENT PVT.LTD.	Director	27-09-2011	20-09-2005	-	Active	NO
25	U74899DL1995PTC070154	FOAMATIVE TOYS PRIVATE LIMITED.	Director	30-09-2005	30-09-2005	-	Active	NO
26	U74300PN2004PTC147065	FERRERO INDIA PRIVATE LIMITED	Alternate director	30-11-2005	30-11-2005	01-09-2009	Active	NO
27	U15421WB1997PLC085863	J H V SUGAR LIMITED	Director	24-03-2006	24-03-2006	17-10-2006	Active	NO
28	U92131DL2006PTC201797	SCORPIO TELEVISION INDIA PVT LTD	Director	12-05-2006	12-05-2006	-	Active	NO
29	U27310HR1988PLC044023	USHA AMORPHOUS METALS LIMITED	Director	23-06-2006	22-05-2006	31-07-2008	Active	NO
30	U74140DL2006PTC150030	EMINDOBIZ EMERGING FINANCE AND STRATEGY ADVISORY INDIA PRIVATE LIMITED	Director	23-06-2006	23-06-2006	-	Strike off	NO
31	U15520DL2006PTC180008	DIAGEO DISTILLERIES PRIVATE LIMITED	Director	13-07-2006	13-07-2006	06-12-2006	Active	NO
32	U70109DL2006PTC151056	TERRA FIRMA BUILDERS PRIVATE LIMITED	Director	17-07-2006	17-07-2006	-	Active	NO
33	U45201DL2005PTC132178	BEST LOCATION PROPERTIES PRIVATE LIMITED	Director	01-09-2006	01-09-2006	-	Active	NO
34	U40102TN1995PTC076433	CMS INDIA OPERATIONS AND MAINTENANCE COMPANY PRIVATE LIMITED	Alternate director	25-10-2006	25-10-2006	20-03-2009	Active	NO
35	U70101GA2006PTC004851	TERRA NOVA REAL ESTATE GOA PRIVATE LIMITED	Director	09-11-2006	09-11-2006	-	Active	NO
36	U74899MH1995PTC244794	STAR SPORTS INDIA PRIVATE LIMITED	Director	09-11-2006	09-11-2006	-	Active	NO
37	U72300DL2006PTC157214	CANTOR CO2E INDIA PRIVATE LIMITED	Director	30-12-2006	30-12-2006	01-02-2013	Active	NO
38	U72200DL1999PTC098629	IGT SOLUTIONS PRIVATE LIMITED.	Alternate director	22-03-2007	22-03-2007	28-06-2007	Active	NO
39	U67120MH2007PTC239900	REV INDIA PRIVATE LIMITED	Director	23-03-2007	23-03-2007	09-09-2010	Active	NO
40	U51101DL2007PTC162467	SEQUENOM BIOSCIENCES (INDIA) PRIVATE LIMITED	Director	23-04-2007	23-04-2007	31-08-2007	Active	NO
41	U45207TN1999PTC043009	TN LNG & POWER COMPANY PRIVATE LIMITED	Director	25-02-2008	30-04-2007	-	Dissolved	NO
42	U23201TN2000PTC045852	SOUTHINDIA NATURAL GAS MARKETING COMPANY PRIVATE LIMITED	Director	25-02-2008	30-04-2007	-	Dissolved	NO
43	U74999TN2007PTC077685	NCH INDIA PRIVATE LIMITED	Director	09-05-2007	09-05-2007	01-12-2011	Active	NO
44	U55101DL2007PTC166953	VIPANI HOTELS & RESORTS PRIVATE LIMITED	Director	13-08-2007	13-08-2007	17-01-2008	Active	NO
45	U45400KL2007PTC028613	FUTURA INDUSTRIAL PARKS PRIVATE LIMITED	Director	13-08-2007	13-08-2007	19-09-2008	Active	NO
46	U45400DL2007PTC166952	BCRE INDIA PRIVATE LIMITED	Director	13-08-2007	13-08-2007	-	Active	NO
47	U45200DL2007PTC170662	PRODAPT PROJECTS PRIVATE LIMITED	Director	22-11-2007	22-11-2007	16-09-2008	Active	NO
48	U22222DL2007PTC171358	FOX INTERACTIVE MEDIA INDIA PRIVATE LIMITED	Director	12-12-2007	12-12-2007	06-12-2010	Strike off	NO
49	U80900HR2007PTC051618	RUMI EDUCATION PRIVATE LIMITED	Director	20-12-2007	20-12-2007	27-06-2008	Active	NO
50	U45200DL2007PTC172066	BROOKFIELD MULTIPLEX (INDIA) PRIVATE LIMITED	Director	31-12-2007	31-12-2007	08-05-2008	Active	NO
51	L74899DL1959PLC003126	HELLA INDIA LIGHTING LIMITED	Alternate director	21-07-2008	21-01-2008	31-03-2009	Active	NO
52	U74140DL2008PTC173954	OG ADVISORS INDIA PRIVATE LIMITED.	Director	12-02-2008	12-02-2008	27-06-2008	Active	NO
53	U67190MH2008PTC247027	ASHMORE INVESTMENT ADVISORS (INDIA) PRIVATE LIMITED	Director	10-06-2008	10-06-2008	-	Active	NO
54	U55204KL2008PTC028932	SOLEIL INDIA HOTELS & RESORTS PRIVATE LIMITED	Director	11-06-2008	11-06-2008	19-09-2008	Active	NO
55	U45200DL2008PTC180230	SHIELD PROPERTIES PRIVATE LIMITED	Director	27-06-2008	27-06-2008	-	Active	NO
56	U74920DL2008PTC180446	TRAVEL SECURITY SERVICES INDIA PRIVATE LIMITED	Director	03-07-2008	03-07-2008	07-06-2013	Active	NO
57	U74140DL2008PTC181390	CDP REAL ESTATE ADVISORY INDIA PRIVATE LIMITED	Director	25-07-2008	25-07-2008	26-08-2009	Amalgamated	NO
58	U74120DL2008PTC181631	XENOSYS INSTRUMENTS PRIVATE LIMITED	Director	01-08-2008	01-08-2008	-	Strike off	NO
59	U67190MH2008PTC185685	MOUNT KELLETT CAPITAL MANAGEMENT INDIA PRIVATE LIMITED	Director	11-08-2008	11-08-2008	29-06-2010	Active	NO
60	U45400DL2008PTC183279	AMBAAR PROPERTIES PRIVATE LIMITED	Director	15-09-2008	15-09-2008	-	Active	NO
61	U74140DL2008PTC184046	B2 ADVISORY SERVICES PRIVATE LIMITED	Director	07-10-2008	07-10-2008	-	Active	NO
62	U74900DL2009PTC188907	REVO CONTENT SERVICES PRIVATE LIMITED	Director	26-03-2009	26-03-2009	16-04-2009	Active	NO
63	U72300DL2009PTC189016	REVO SOFTWARE DEVELOPMENT PRIVATE LIMITED	Director	31-03-2009	31-03-2009	16-04-2009	Active	NO
64	U74899DL1990PTC038964	KAUSHALYA SPINNERS PRIVATE LIMITED	Additional director	01-04-2009	01-04-2009	-	Active	NO
65	U74999DL2002PLC140722	MOODY INTERNATIONAL CERTIFICATION INDIA LIMITED	Alternate director	09-04-2009	09-04-2009	21-09-2010	Active	NO
66	U72900HR2003FTC036108	TOLUNA INDIA PRIVATE LIMITED	Alternate director	19-06-2009	19-06-2009	15-07-2009	Active	NO
67	U45201DL2005PTC132177	ELEVATE PROPERTIES PRIVATE LIMITED	Director	01-05-2010	01-05-2010	-	Active	NO
68	AAA-1808	SCORPIO CORPORATE ADVISORS LLP	Designated Partner	16-07-2010	16-07-2010	-	Active	NO

Name :

Mr. Sandeep Singh Gill

Designation :

Whole-time Director

Address :

Apartment No. 1001, 10^th Floor, Block No. B6, World Spa, Gurgoan-122001, Haryana, India

Date of Birth/Age :

18.06.1967

Date of Appointment :

28.06.2010

DIN No.:

02792272

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	U74999MH1999PTC121644	SANCHEZ CAPITAL SERVICES PRIVATE LIMITED	Director	28-09-2010	15-09-2009	-	Active	NO
2	U74999DL2004PTC124104	FIS GLOBAL RECOVERY SERVICES INDIA PRIVATE LIMITED	Director	28-06-2010	01-10-2009	-	Active	NO
3	U72200DL2002PTC114964	FIDELITY INFORMATION SERVICES INDIA PRIVATE LIMITED	Director	29-09-2010	01-10-2009	-	Active	NO
4	U72900DL1997PTC088532	FIS GLOBAL BUSINESS SOLUTIONS INDIA PRIVATE LIMITED	Whole-time director	28-06-2010	01-10-2009	-	Active	NO

Name :

Mr. Gary Adam Norcross

Designation :

Director

Address :

4548, Ortega Island Drive, Jacksonville, Florida 32210, USA

Date of Birth/Age :

25.06.1965

Date of Appointment :

29.06.2013

DIN No.:

02171169

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	U72200DL2002PTC114964	FIDELITY INFORMATION SERVICES INDIA PRIVATE LIMITED	Director	29-09-2012	19-06-2008	-	Active	NO
2	U72200DL2005PTC134488	FIS PAYMENT SOLUTIONS & SERVICES INDIA PRIVATE LIMITED	Director	29-06-2013	19-06-2008	-	Active	NO
3	U72900DL1997PTC088532	FIS GLOBAL BUSINESS SOLUTIONS INDIA PRIVATE LIMITED	Director	29-06-2013	19-06-2008	-	Active	NO
4	U74999DL2004PTC124104	FIS GLOBAL RECOVERY SERVICES INDIA PRIVATE LIMITED	Director	29-06-2013	19-06-2008	-	Active	NO

Name :

Mr. Michael Peter Oates

Designation :

Director

Address :

944, Ortega Boulevard, Jacksonville, Florida 32210, USA

Date of Birth/Age :

14.03.1960

Date of Appointment :

29.06.2013

DIN No.:

06566425

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	U72200DL2002PTC114964	FIDELITY INFORMATION SERVICES INDIA PRIVATE LIMITED	Director	30-09-2013	07-05-2013	-	Active	NO
2	U72200DL2005PTC134488	FIS PAYMENT SOLUTIONS AND SERVICES INDIA PRIVATE LIMITED	Director	29-06-2013	07-05-2013	-	Active	NO
3	U72900DL1997PTC088532	FIS GLOBAL BUSINESS SOLUTIONS INDIA PRIVATE LIMITED	Director	29-06-2013	07-05-2013	-	Active	NO
4	U74999DL2004PTC124104	FIS GLOBAL RECOVERY SERVICES INDIA PRIVATE LIMITED	Director	29-06-2013	07-05-2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Santosh Kumar Singh
Designation :	Secretary
Address :	Flat No. 279, Pocket C, Block A, Loknayak Puram, New Delhi- 110041, India
Date of Birth/Age :	05.03.1974
Date of Appointment :	30.04.2010
PAN No.:	BCZPS8767E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 29.06.2013

Names of Shareholders	No. of Shares
eFunds Corporation, USA	2
Fis Holdings Mauritius, Mauritius	14510087
Total	14510089

Equity Share Break up (Percentage of Total Equity)

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	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is a service company, primarily rendering outsourcing and software development services.

Products :

Item Code No. (ITC Code)	Product Description
99831176	Outsourcing services
99831413	Software development services

GENERAL INFORMATION

No. of Employees :

Not Divulged

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.12.2012	As on 31.12.2011
LONG TERM BORROWINGS
Term loans	8.022	5.626
Total	8.022	5.626

Banking Relations :	---
Auditors :
Name :	B S R and Company Chartered Accountant
Address :	Building No. 10, 8^th floor, Tower- B, DLF Cyber City, Phase- II, Gurgaon- 122002, Haryana, India
PAN No.:	AAAFB9852F
Holding Company :	· FIS Holdings, Mauritius · eFunds Corporation, US · Fidelity National Information Services Inc, US
Associates/Subsidiaries :	· FIS Global Recovery Services India Private Limited · FIS Payments Solutions and Services India Private Limited · eFunds IT Solutions Group Inc, US · Fidelity Information Services, LLC, US · Certegy Limited, UK · Fidelity Information Services India Private Limited · Second Foundation Inc · FIS Global Solutions Philippines · Fidelity National Information Services, Netherlands BV

CAPITAL STRUCTURE

As on: 29.06.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000	Equity Shares	Rs.10/- each	Rs. 500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
14510089	Equity Shares	Rs.10/- each	Rs. 145.100 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.12.2012	31.12.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	145.100	145.100
(b) Reserves & Surplus	3145.689	2806.062
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	3290.789	2951.162
(3) Non-Current Liabilities
(a) long-term borrowings	8.022	5.626
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	162.340	128.929
(d) long-term provisions	134.921	112.719
Total Non-current Liabilities (3)	305.283	247.274
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	246.694	217.878
(c) Other current liabilities	131.269	116.199
(d) Short-term provisions	45.666	67.205
Total Current Liabilities (4)	423.629	401.282
TOTAL	4019.701	3599.718
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	476.936	465.383
(ii) Intangible Assets	23.155	17.832
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	242.096	242.096
(c) Deferred tax assets (net)	189.252	180.939
(d) Long-term Loan and Advances	501.915	1939.829
(e) Other Non-current assets	5.871	1.750
Total Non-Current Assets	1439.225	2847.829
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	697.693	293.134
(d) Cash and cash equivalents	58.616	112.388
(e) Short-term loans and advances	1446.884	49.238
(f) Other current assets	377.283	297.129
Total Current Assets	2580.476	751.889
TOTAL	4019.701	3599.718

SOURCES OF FUNDS		31.12.2010
SHAREHOLDERS FUNDS
1] Share Capital		145.100
2] Share Application Money		0.000
3] Reserves & Surplus		2340.008
4] (Accumulated Losses)		0.000
NETWORTH		2485.108
LOAN FUNDS
1] Secured Loans		14.064
2] Unsecured Loans		0.000
TOTAL BORROWING		14.064
DEFERRED TAX LIABILITIES		0.000
TOTAL		2499.172
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		151.551
Capital work-in-progress		272.017
INVESTMENT		242.096
DEFERREX TAX ASSETS		148.319
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	23.676
	Cash & Bank Balances	218.581
	Other Current Assets	255.112
	Loans & Advances	1749.539
Total Current Assets		2246.908
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	443.980
	Provisions	117.739
Total Current Liabilities		561.719
Net Current Assets		1685.189
MISCELLANEOUS EXPENSES		0.000
TOTAL		2499.172

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2012	31.12.2011	31.12.2010
	SALES
		Income	4009.604	3358.488	2630.266
		Other Income	30.373	221.777	0.000
		TOTAL	4039.977	3580.265	2630.266
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	3373.710	2816.346	2127.965
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		666.267	763.919	502.301
Less	FINANCIAL EXPENSES		2.179	1.947	1.749
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		664.088	761.972	500.552
Less	DEPRECIATION/ AMORTISATION		132.691	133.068	91.358
	PROFIT BEFORE TAX		531.397	628.904	409.194
Less	TAX		195.532	166.497	135.344
	PROFIT AFTER TAX (G-H)		335.865	462.407	273.850
	Earnings Per Share (Rs.)		23.14	31.86	18.87

KEY RATIOS

PARTICULARS		31.12.2012	31.12.2011	31.12.2010
PAT / Total Income	(%)	8.31	12.92	10.41
Net Profit Margin (PBT/Sales)	(%)	13.25	18.73	15.56
Return on Total Assets (PBT/Total Assets}	(%)	14.81	19.80	0.16
Return on Investment (ROI) (PBT/Networth)		0.16	0.21	0.16
Current Ratio (Current Asset/Current Liability)		6.09	1.87	4.00

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.12.2011	31.12.2012
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	145.100	145.100
Reserves & Surplus	2806.062	3145.689
Net worth	2951.162	3290.789
long-term borrowings	5.626	8.022
Short term borrowings	0.000	0.000
Total borrowings	5.626	8.022
Debt/Equity ratio	0.002	0.002

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.12.2010	31.12.2011	31.12.2012
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales / Income	2630.266	3358.488	4009.604
		27.686	19.387

NET PROFIT MARGIN

Net Profit Margin	31.12.2010	31.12.2011	31.12.2012
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales / Income	2630.266	3358.488	4009.604
Profit	273.850	462.407	335.865
	10.41%	13.77%	8.38%

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	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	Yes
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	No

Note: The Registered Office of the company has been shifted from F-40 NDSE New Delhi- 110049, Delhi, India to the present address w.e.f. 01.05.2010.

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

· Plant and Machinery

· Computers

· Softwares

· Furniture, Fixtures and Office equipments

· Motor Vehicles

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.60.24
UK Pound	1	Rs.101.92
Euro	1	Rs.80.69

INFORMATION DETAILS

Information Gathered by :	HET
Analysis Done by :	DIV
Report Prepared by :	HIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--CREDIT LINES	1~10	5
--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		48

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.