MIRA INFORM REPORT

Report Date :

24.03.2014

IDENTIFICATION DETAILS

Name :	INTERACTIVE INFO-COM (INDIA) PRIVATE LIMITED

Registered Office :	101, 1st Floor, B-Wing, Kanara Business Centre, Laxmi Nagar, Ghatkopar (East), Mumbai – 400075, Maharashtra

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	06.04.2010

Com. Reg. No.:	11-201767

Capital Investment / Paid-up Capital :	Rs.0.900 Million

CIN No.: [Company Identification No.]	U72900MH2010PTC201767

Legal Form :	Private Limited Liability Company

Line of Business :	Trader of computer peripherals and also provide networking solutions.

No. of Employees :	25 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 12000

Status :	Small Company

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is a small company in its field. Its scale of activities are limited. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small to medium business dealings with some caution.

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

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

INDIAN ECONOMIC OVERVIEW

State-run banks hired nearly 300000 personnel including more than 94000 officers in the last four years, according to the Indian Banks Association. A study by trade lobby Assocham in September 2013 indicated that banks would need 800000 people in the next six years. It estimated that state-run lenders alone would hire 50000 people in 2013/14.

The Competition Commission of India plans to issue final orders within a broad time-frame of one year in matters where it decides to carry out detailed investigations. The number of complaints received by the watchdog which keeps tabs on unfair trade practices in the marketplace.

The government has detected custom tax evasion totaling around Rs 37920 mn in 14 states until December. Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs 8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.

Connaught Place in New Delhi slipped four notches to become the world’s eighth most expensive office locations. London’s West End is the world’s most expensive office market.

There are 4.072 mn number of high value spenders under the scanner of the income tax department. The income tax department has information that they have made cash deposits announcing to Rs 1 mn or more in their savings bank accounts in the current financial year. It plans to check potential evasion before the closing of the financial year on March 31.

Estimated pharmaceutical sales in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago. The life sciences and health care industry is up against challenges such as quality management, says a recent Deloitte report.

The gross non-performing assets of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months of the financial year. In absolute terms, the 40 listed banks added Rs 3386 crore to their gross NPAs in nine months with the State Bank of India leading with the State Bank of India leading with an accretion of Rs 16610 crore.

The inflow of smuggled gold doubled in 2013 following restrictions to curb the supply from official channels to contain the current account deficit. China surpassed India in the demand for gold for the first time in 2013 due to liberalization of gold trading norms by its local governments.

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 PARTED BY

Name :	Madam Madhuri
Designation :	Accountant
Contact No.:	91-22-25009900
Date :	20.03.2014

LOCATIONS

Registered Office :	101, 1st Floor, B-Wing, Kanara Business Centre, Laxmi Nagar, Ghatkopar (East), Mumbai – 400075, Maharashtra, India
Tel. No.:	91-22-25009900 / 65251874 / 25009978
Mobile No.:	91-9819877894 (Mr. Arvind More)
Fax No.:	91-22-25009900
E-Mail :	jamesco_022@yahoo.co.in
Website :	http://www.interactiveinfocom.net.in
Location :	Owned

Branch Office :	Located At : Pune, Maharashtra, India

DIRECTORS

As on 28.09.2013

Name :	Mr. Rajendra Baburao Dalvi
Designation :	Director
Address :	Shop No. 1, Om Hari Hareshwar CHS Limited, Gopinath Chowk, Umesh Nagar, Dombivili (West), Mumbai - 421202, Maharashtra, India
Date of Birth/Age :	11.04.1974
Qualification :	HSC
Date of Appointment :	06.04.2010
DIN No.:	02647192

Name :	Mrs. Renuka Rajendra Dalvi
Designation :	Director
Address :	A/6, Janu Smurti Chawl, Umesh Nagar, Satyawan Chowk, Dombivali (West), Thane – 421202, Maharashtra, India
Date of Birth/Age :	26.12.1980
Date of Appointment :	01.03.2011
DIN No.:	03342165

KEY EXECUTIVES

Name :	Madam Madhuri
Designation :	Accountant

MAJOR SHAREHOLDERS

As on 28.09.2013

Names of Shareholders	No. of Shares	% of Holding
Rajendra Baburao Dalvi	8000	88.89
Renuka Rajendra Dalvi	1000	11.11
Total	9000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 28.09.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader of computer peripherals and also provide networking solutions.

Agencies Held :	Molex D Link

Terms :
Selling :	Cash and Credit

Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

Crompton Greaves Limited

Customers :

Compuage Infocom Limited
D.Y. Patil Stadium. ( Via Nexgen )
Enaltec
HPCL
One India Bulls ( Via Nexgen )
Parle Products Limited ( Via Nexgen )
State Bank of India( Via Graftronics )
Thanderbird Resort ( Via Nexgen )
Vaishanav Ispat (Via Graftronics )
VCA Nagpur Stadium ( Via Nexgen )
Advance Computer Services Limited
Ask Securities India Private Limited
Bag Flims Andheri

Baroda- Railway Station (Via Crompton Greaves)
Capgemini Airoli (Via Avaya)
Chemtex Global Engineers Private Limited
Citec Information Private Limited
CMS Computers Limited
Cosmos Brands Distributors Private Limited
Crompton Greaves Kanjurmarg
Dlink India Limited
Getz Pharma Research- Ambarnath
Gujarat State Electricity Board , Dhuvaran (Via Crompton Greaves)
Gujarat State Electricity Board , Wanakbori (Via Crompton Greaves)
IOCL-Panipat (Via Toyo Engineering India Limited )
Kodak India Limited
ONGC Dahej, Gujarat (Via Toyo Engineering India Limited )
Pam Glatt – Mira Road
Pam Pharmaceuticals – Kandivali
Parle Tools International Private Limited
S. H. Kelkar and Company Private Limited
Sakal – Belapur
Siemens Limited (Kalwa)
Splicing Reliance and Tata ( Via Tirumala)
Tata Communications Limited
Toyo Engineering India Limited
Transglobal Securities Private Limited
V Care IT Services and Solutions Private Limited
Wartsila Diesel Belapur, Khopoli
Oberoi Hotel

No. of Employees :

25 (Approximately)

Bankers :

Dena Bank, Ghatkopar (East), Mumbai, Maharashtra, India

HDFC Bank Limited, Ghatkopar (East), Mumbai, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Dena Bank Loans	0.181	0.000
Total	0.181	0.000


Banking Relations :	--

Auditors :
Name :	B. James and Company Chartered Accountants
Address :	337, Powai Plaza, Hiranandani Business Park, Powai, Mumbai – 400076, Maharashtra, India
Tel. No.:	91-22-25708686 / 25705587
Fax No.:	91-22-25705587
E-Mail :	jamesco_22@yahoo.co.in bjames21@gmail.com
PAN No.:	AABPJ5014G

CAPITAL STRUCTURE

As on 28.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.100/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

9000	Equity Shares	Rs.100/- each	Rs.0.900 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	0.900	0.900	0.900
(b) Reserves & Surplus	2.221	1.327	0.537
(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)	3.121	2.227	1.437

(3) Non-Current Liabilities
(a) long-term borrowings	0.181	0.000	0.000
(b) Deferred tax liabilities (Net)	0.011	0.004	0.009
(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)	0.192	0.004	0.009

(4) Current Liabilities
(a) Short term borrowings	0.067	0.010	0.010
(b) Trade payables	7.385	8.181	4.736
(c) Other current liabilities	1.340	0.891	0.665
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	8.792	9.082	5.411

TOTAL	12.105	11.313	6.857

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.496	0.101	0.116
(ii) Intangible Assets	0.018	0.020	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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.300	0.350	0.300
(e) Other Non-current assets	0.017	0.027	0.035
Total Non-Current Assets	1.831	0.498	0.451

(2) Current assets
(a) Current investments	0.025	0.000	0.000
(b) Inventories	0.671	1.076	0.644
(c) Trade receivables	7.635	9.216	5.267
(d) Cash and cash equivalents	0.887	0.121	0.271
(e) Short-term loans and advances	0.191	0.065	0.224
(f) Other current assets	0.865	0.337	0.000
Total Current Assets	10.274	10.815	6.406

TOTAL	12.105	11.313	6.857

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	37.048	32.355	NA
		Other Income	0.000	0.000
		TOTAL (A)	37.048	32.355	NA

Less	EXPENSES
		Cost of Materials Consumed	26.662	24.983
		Employee Benefits Expenses	5.724	3.985
		Other Expenses	3.097	2.203
		Exceptional Items	0.000	0.004
		TOTAL (B)	35.483	31.175	NA

Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1.565	1.180

Less	FINANCIAL EXPENSES (D)		0.043	0.006

	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1.522	1.174	0.788

Less	DEPRECIATION/ AMORTISATION (F)		0.189	0.041	0.005

	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		1.333	1.133	0.783

Less	TAX (H)		0.438	0.351	0.246

	PROFIT/(LOSS) AFTER TAX (G-H) (I)		0.895	0.782	0.537

	Earnings Per Share (Rs.)		99.37	86.81	NA

Expected Sales (2013-2014): Rs.35.000 Millions

Above information has been parted by Madam Madhuri, Accountant

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	2.42	2.42	NA

Net Profit Margin (PBT/Sales)	(%)	3.60	3.50	NA

Return on Total Assets (PBT/Total Assets}	(%)	11.01	10.02	11.42

Return on Investment (ROI) (PBT/Networth)		0.43	0.51	0.54

Debt Equity Ratio (Total Debt /Networth)		0.08	0.00	0.01

Current Ratio (Current Asset/Current Liability)		1.17	1.19	1.18

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	0.900	0.900	0.900
Reserves & Surplus	0.537	1.327	2.221
Net worth	1.437	2.227	3.121

long-term borrowings	0.000	0.000	0.181
Short term borrowings	0.010	0.010	0.067
Total borrowings	0.010	0.010	0.248
Debt/Equity ratio	0.007	0.004	0.079

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions
Sales	32.355	37.048
		14.505

NET

PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions
Sales	32.355	37.048
Profit	0.782	0.895
	2.42%	2.42%

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 two 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	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
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

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Rajendra Dalvi	0.067	0.010
Total	0.067	0.010

INDEX OF CHARGE: NO CHARGES EXIST OF THE COMPANY

FIXED ASSETS:

· Air Conditioner

· Tools

· Computer

· Vehicles

· Furniture and Fixture

· Plant and Machinery

· Tally Software

· 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.61.05
UK Pound	1	Rs.100.81
Euro	1	Rs.84.18

INFORMATION DETAILS

Information Gathered by :	HNA

Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO

TOTAL		29

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.

MIRA INFORM REPORT

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