MIRA INFORM REPORT

Report Date :

06.11.2014

IDENTIFICATION DETAILS

Name :	PAN MILLENIUM TRADELINKS LIMITED (w.e.f. 07.02.2012)
Formerly Known As :	PANSYS INFOTECH LIMITED
Registered Office :	No. 35, II Floor, Varalakshmi Mansion, Jeevan Bhimanagar, Hal III Stage, Bangalore – 560075, Karnataka
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	15.02.2007
Com. Reg. No.:	08-041785
Capital Investment / Paid-up Capital :	Rs. 0.500 Million
CIN No.: [Company Identification No.]	U51909KA2007PLC041785
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter, Importer, Trader, Supplier and Service Provider of Water Treatment Plants, Waste Water, Effluent Treatment Plants, Solid Waste Management, Iron Ore, Scraps, etc
No. of Employees :	70 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 5000
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. Trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for small 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 – June 1, 2014

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

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

INDIAN ECONOMIC OVERVIEW

N E W S

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

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

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

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

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

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

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

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

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION PARTED BY

Name :	Mr. Samrat Sharma
Designation :	Director
Contact No.:	91-9739208698
Date :	03.11.2014

LOCATIONS

Registered Office :	No. 35, II Floor, Varalakshmi Mansion, Jeevan Bhimanagar, Hal III Stage, Bangalore – 560075, Karnataka, India
Tel. No.:	91-80-40996446
Mobile No.:	91-9739208698 (Mr. Sumeet Sharma)
Fax No.:	91-80-40996446
E-Mail :	ceo@panysysinfoktech.biz info@panmillenumworld.com
Website :	www.panmilleniumworls.com
Location :	Owned
Factory :	No. 24, II Floor , K.R. Colony, Domlur Layout, Bangalore – 560071, Karnataka, India

DIRECTORS

As on 30.09.2013

Name :

Lalitha Sharma

Designation :

Director

Address :

No. 24, B Cross, Ashoka Avenue, K.R. Gardens, Vimanpura Post, Bangalore – 560017, Karnataka, India

Date of Birth/Age :

08.05.1958

Date of Appointment :

01.03.2007

DIN No.:

00354550

Name :

Mr. Sumeet Kumar Sharma

Designation :

Director

Address :

No. 24, B Cross, Ashoka Avenue, K.R. Gardens, Vimanpura Post, Bangalore – 560017, Karnataka, India

Date of Birth/Age :

25.07.1961

Date of Appointment :

15.02.2007

DIN No.:

01260704

Name :

Mr. Samrat Sharma

Designation :

Director

Address :

No. 24, B Cross, Ashoka Avenue, K.R. Gardens, Vimanpura Post, Bangalore – 560017, Karnataka, India

Date of Birth/Age :

24.04.1985

Date of Appointment :

05.04.2007

DIN No.:

01406260

Name :

Mr. Dev Sharma

Designation :

Additional Director

Address :

No. 1649/A, 18^th Cross, Mariyappana Palya, West Range, Bangalore - 460021, Karnataka, India

Date of Birth/Age :

20.06.1970

Date of Appointment :

29.09.2012

DIN No.:

02170363

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	U72200KA2010PTC056431	METADATA TECHNOLOGIES PRIVATE LIMITED	Director	30/12/2010	30/12/2010	-	Active	NO
2	U51909KA2007PLC041785	PAN MILLENIUM TRADELINKS LIMITED	Director	29/09/2012	01/12/2011	-	Active	NO

Name :

Chetan Nagaraj

Designation :

Director

Address :

No.1649/4, 18^th Cross, Mariyappana Palya West Range, Banglore-560021, Karnataka, India

Date of Birth/Age :

20.06.1970

Date of Appointment :

30.09.2013

DIN No.:

03423954

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	U51909KA2007PLC041785	PAN MILLENIUM TRADELINKS LIMITED	Director	30/09/2013	10/08/2013	-	Active	NO

Name :

Aaron Sandeep Das

Designation :

Director

Address :

No.59 Opposite Jyothi Nivas College, Koramangala Industrial Layout, Bangalore-560095, Karnataka, India

Date of Birth/Age :

27.05.1983

Date of Appointment :

30.09.2013

DIN No.:

03424017

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	U51909KA2007PLC041785	PAN MILLENIUM TRADELINKS LIMITED	Director	30/09/2013	10/08/2013	-	Active	NO

Name :

Sagar Vikas Sangwai

Designation :

Director

Address :

1101, Tirupati Apatments, Opposite Oswal Park, Pokhram Road No.2, Thane (West), Thane-400601, Maharashtra, India

Date of Birth/Age :

13.08.1982

Date of Appointment :

30.09.2013

DIN No.:

05132773

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	U51909KA2007PLC041785	PAN MILLENIUM TRADELINKS LIMITED	Director	30/09/2013	10/08/2013	-	Active	NO
2	U74999MH2013PTC247724	MONEY MAXIM SERVICES PRIVATE LIMITED	Director	30/08/2013	30/08/2013	-	Active	NO
3	U74120MH2013PTC249272	Crescenzo Financial Advisory Private Limited	Director	15/10/2013	15/10/2013	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2013

Names of Shareholders	No. of Shares
Sumeet Kumar Sharma	22000
Lalitha Sharma	13500
Samrat Sharma	12500
Vijay. J Jayarajan	500
Bipin T. Thomas	500
Uma Thamme Gowda	500
Sunit Singh	500
Total	50000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2013

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter, Importer, Trader, Supplier and Service Provider of Water Treatment Plants, Waste Water, Effluent Treatment Plants, Solid Waste Management, Iron Ore, Scraps, etc
Products :	Sugar Coal Scrap Iron Ore Water Treatment Plants Waste Water Plant Effluent Treatment Plants Solid Waste Management Plant
Terms :
Selling :	L/C, Cash and Credit
Purchasing :	L/C, Cash and Credit

GENERAL INFORMATION

Customers :	End Users
No. of Employees :	70 (Approximately)
Bankers :	Bank of Baroda, H. Siddaiah Road, Bangalore – 560002, Karnataka, India Tel No.: 91-80-22290058

Banking Relations :	--
Auditors :
Name :	K.Benakappa and Company Chartered Accountants
Address :	No.38, I Floor, Nehru Circle, Seshadripuram, Bangalore, Karnataka, India
Mobile No.:	91-9448030972
E-Mail :	kbenakappa@rediffmail.com
Pan No.:	ABRPB04654C
Memberships:	FICCI, BMA, NIPM,ISTD, TiE

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs. 0.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs. 0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.500	0.500	0.500
(b) Reserves & Surplus	1.160	0.989	0.918
(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)	1.660	1.489	1.418
(3) Non-Current Liabilities
(a) long-term borrowings	1.548	1.613	0.256
(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)	1.548	1.613	0.256
(4) Current Liabilities
(a) Short term borrowings	1.042	1.147	0.915
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	0.423	0.242	0.253
(d) Short-term provisions	0.173	0.113	0.331
Total Current Liabilities (4)	1.638	1.502	1.499
TOTAL	4.846	4.604	3.173
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.333	1.217	1.496
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.309	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)	0.053	0.039	0.021
(d) Long-term Loan and Advances	0.890	0.400	0.290
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	2.276	1.965	1.807
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	2.254	2.254	0.842
(d) Cash and cash equivalents	0.316	0.296	0.406
(e) Short-term loans and advances	0.000	0.089	0.002
(f) Other current assets	0.000	0.000	0.116
Total Current Assets	2.570	2.639	1.366
TOTAL	4.846	4.604	3.173

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	4.988	4.572	6.051
		Other Income	0.000	0.017	0.000
		TOTAL (A)	4.988	4.589	6.051
Less	EXPENSES
		Employee Benefit Expenses	2.779	2.647	3.200
		Other Expenses	1.640	1.460	1.965
		TOTAL (B)	4.419	4.107	5.165
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.569	0.482	0.886
Less	FINANCIAL EXPENSES (D)		0.010	0.038	0.006
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.559	0.444	0.880
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.307	0.331	0.419
	PROFIT BEFORE TAX (E-F) (G)		0.252	0.113	0.461
Less	TAX (H)		0.081	0.042	0.164
	PROFIT AFTER TAX (G-H) (I)		0.171	0.071	0.297
	Earnings Per Share (Rs.)		34.24	14.24	59.44

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT / Sales)	(%)	3.43	1.55	4.91
Operating Profit Margin (PBDIT/Sales)	(%)	11.41	10.54	14.64
Return on Total Assets (PBT/Total Assets}	(%)	5.26	2.66	14.63
Return on Investment (ROI) (PBT/Networth)		0.15	0.08	0.33
Debt Equity Ratio (Total Debt /Networth)		1.56	1.85	0.83
Current Ratio (Current Asset/Current Liability)		1.57	1.76	0.91

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	0.500	0.500	0.500
Reserves & Surplus	0.918	0.989	1.160
Net worth	1.418	1.489	1.660
long-term borrowings	0.256	1.613	1.548
Short term borrowings	0.915	1.147	1.042
Total borrowings	1.171	2.760	2.590
Debt/Equity ratio	0.826	1.854	1.560

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	6.051	4.572	4.988
		-24.442	9.099

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	6.051	4.572	4.988
Profit	0.297	0.071	0.171
	4.91%	1.55%	3.43%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter’s background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
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

Note:

Registered office of the company has been shifted from No. 24, II Floor, K.R. Colony, Domlur Layout, Bangalore – 560071, Karnataka, India to the present address

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Term Loans From Bank
Car Loans from Bank of Baroda	0.000	0.113
Loans and advances from related parties	1.548	1.500
Short Term Borrowings
Loans repayable on demand from banks	0.000	0.143
Loans and advances from related parties and Director	1.042	1.004
Total	2.590	2.760

Note:

Terms of Repayments

Particulars	As on 31.03.2013	As on 31.03.2012
Number if Installments Due	0	11
Amount of Installments Due	0	0.010
Rate of Interest per annum	0.00%	12.75%

INDEX OF CHARGE:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10069679	17/08/2007	630,000.00	BANK OF BARODA	H.SIDDAIAH ROAD, BANGALORE, Karnataka - 560002, IN  DIA	A24410441

FINANCIAL RESULTS:

The company has achieved a total turnover of Rs. 4.988 Millions for the year ended 31.03.2013 which recorded increase in sales than the previous financial year and made net profit Rs. 0.171 Million. The management has hope for better prospects in future.

FIXED ASSETS:

· Car

· Air conditioner

· Ups

· Projector

· DVD Player

· Mobile Phone

· Camera

· Office Equipment

· Electrical Installations

· Furniture and Fixtures

· Computer

· Printer

· Scanner

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. 61.38
UK Pound	1	Rs. 98.00
Euro	1	Rs. 76.98

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	RAS
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--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		28

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.