MIRA INFORM REPORT

Report Date :

14.11.2014

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) :	31.03.2014
Date of Incorporation :	29.03.2000
Com. Reg. No.:	55-104823
Capital Investment / Paid-up Capital :	Rs.1955.574 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 :	Information declined by the management.

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 a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by adequate liquidity position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for normal 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

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.

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long term Bank Facilities=A-
Rating Explanation	Adequate degree of safety and low credit risk.
Date	Jan 9, 2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities=A1
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	Jan 9, 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 31-03-2014.

INFORMATION DENIED

Management Non-Co-Operative (91-11-33236468 / 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 03.09.2014

Name :

Anju Agarwal

Designation :

Director

Address :

B-312, Saraswati Vihar, Delhi – 110034, India

Date of Birth/Age :

16.08.1964

Date of Appointment :

03.09.2014

DIN No.:

00311114

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	U74899DL1995PTC068082	MICROMAX TECHNOLOGIES PRIVATE LIMITED.	Director	02/05/1995	02/05/1995	31/12/2011	Active	NO
2	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	03/09/2014	12/08/2014	-	Active	NO
3	AAC-2924	RMA ADVISORS LLP	Designated Partner	13/05/2014	13/05/2014	-	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 :

03.09.2014

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	03/09/2014	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	26/09/2014	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 :

03.09.2014

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	U51109DL1989PTC034865	MIRACLE COMMERCIAL 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	U74899DL1990PTC039561	MARGDARSHAK CONSTRUCTIONS 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	U74899DL1979ULT021615	CHOWDRY ASSOCIATES	Director	01/09/2003	01/09/2003	-	Active	NO
19	U74899DL1979PTC021610	RATNA COMMERCIAL ENTERPRISES PRIVATE LTD.	Director	01/09/2003	01/09/2003	-	Active	NO
20	U31909HR1980PLC010226	QH TALBROS LIMITED	Director	15/09/2014	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	29/09/2014	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	05/07/2013	19/10/2009	17/02/2014	Active	NO
37	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	03/09/2014	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	U55204DL2013PTC249972	LITE BITE TRAVEL FOODS PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
42	L93030DL2011PLC262151	CINEMAX INDIA LIMITED	Director	22/07/2013	28/03/2013	-	Amalgamated	NO
43	U55101DL2014PTC266432	BURGER FOODS AND HOSPITALITY PRIVATE LIMITED	Director	18/03/2014	18/03/2014	-	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 :

01.04.2012

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	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	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
4
U64203DL2014PTC266971	MOBI SERVE PRIVATE LIMITED	Director	25/03/2014	25/03/2014	-	Active	NO
5	U64100DL2014PTC272953	YU Televentures Private Limited	Director	05/11/2014	05/11/2014	-	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 :

19.11.2013

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	Date of cessation	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
5	U64203DL2014PTC266971	MOBI SERVE PRIVATE LIMITED	Director	25/03/2014	25/03/2014	-	Active	NO
6	U64100DL2014PTC272953	YU Televentures Private Limited	Director	05/11/2014	05/11/2014	-	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 :

01.04.2012

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
6	U64203DL2014PTC266971	MOBI SERVE PRIVATE LIMITED	Director	25/03/2014	25/03/2014	-	Active	NO
7	U72300DL2014PTC271671	V-One Ventures Private Limited	Director	17/09/2014	17/09/2014	-	Active	NO
8	U64100DL2014PTC272953	YU Televentures Private Limited	Director	05/11/2014	05/11/2014	-	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 :

27.09.2011

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	Mauj Mobile 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	20/03/2014	Active	NO
6	U72200TG2004PTC042410	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	U72200TG1987PTC007601	IMI MOBILE PRIVATE LIMITED	Nominee director	02/11/2009	02/11/2009	15/10/2014	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	Director	27/06/2014	06/11/2013	-	Active	NO
15	U72200KA2007PTC042493	Ver se Innovation Private Limited	Nominee director	18/09/2014	18/09/2014	-	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 :

03.09.2014

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	U66030MH2006PLC165287	Future Generali India Insurance Company Limited	Director	23/11/2007	16/03/2007	-	Active	NO
6	U66010MH2006PLC165288	Future Generali India Life Insurance Company Limited	Director	23/11/2007	16/03/2007	-	Active	NO
7	L17120MH1984PLC033553	MANDHANA INDUSTRIES LIMITED	Director	18/09/2014	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	AMBER SERVICES PRIVATE LIMITED	Director	24/07/2008	22/10/2007	28/09/2012	Active	NO
13	L07010KA2004PLC033412	NITESH ESTATES LIMITED	Director	26/09/2014	29/11/2007	-	Active	NO
14	U67190MH2004PLC150329	CAPITAL FIRST INVESTMENT ADVISORY LIMITED	Director	21/07/2008	04/01/2008	25/05/2010	Active	NO
15	U67190MH2005PLC157444	Future Capital Investment Advisors Limited	Director	31/07/2008	04/01/2008	25/05/2010	Amalgamated	NO
16	L52602MH1996PLC192090	FUTURE CONSUMER ENTERPRISE LIMITED	Director	26/08/2014	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	07/05/2014	Active	NO
21	U65922DL1988PLC033856	PNB HOUSING FINANCE LIMITED	Director	09/12/2009	09/12/2009	08/08/2014	Active	NO
22	L31400WB1986PLC091621	USHA MARTIN LIMITED	Director	31/07/2014	18/03/2010	-	Active	NO
23	U65933DL1991PLC266069	Ultimate Investofin Limited	Additional director	26/07/2010	26/07/2010	23/08/2010	Active	NO
24	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	03/09/2014	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	28/08/2014	09/02/2011	-	Active	NO
27	U80302TG2002NPL039397	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	30/09/2014	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 :

03.09.2014

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 PVT LTD	Director	25/09/1993	25/09/1993	16/03/2011	Strike off	NO
3	U32109UP1984PTC006836	NECTAR ENTERPRISES PRIVATE LIMITED	Director	15/02/2000	15/02/2000	-	Not Available for eFiling	NO
4	U51305DL1992PTC106030	NECTAR ENTERPRISES PVT. LTD.	Director	15/02/2000	15/02/2000	-	Active	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	24/02/2014	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	U74899DL1997PTC089845	VASU PROPERTIES PRIVATE LIMITED	Additional director	10/10/2009	10/10/2009	02/03/2010	Active	NO
15	U67120DL1991PTC209580	V K FISCAL SERVICES PVT LTD	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	03/09/2014	21/09/2010	-	Active	NO
20	U63000DL2011PTC212322	LUSH ESCAPES LUXURY VACATIONS PRIVATE LIMITED	Director	07/01/2011	07/01/2011	21/08/2014	Active	NO
21	U52100DL2007PTC172061	OMG India Internet Marketing Private Limited	Director	30/09/2011	08/02/2011	-	Active	NO
22	U51909DL2008PTC180421	TROOTRAC MEDIA 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	Date of cessation	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

Name :

Sanjay Kapoor

Designation :

Director

Address :

709-A, Beverly Park-I, DLF-II, Gurgaon – 122002, Haryana, India

Date of Birth/Age :

28.02.1962

Date of Appointment :

03.09.2014

DIN No.:

01973450

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	U32308DL2007PLC161809	IFFCO Kisan Sanchar Limited	Director	05/09/2008	23/01/2008	30/06/2009	Active	NO
2	U92100DL2007PLC170574	Indus Towers Limited	Director	26/06/2009	17/04/2009	19/07/2013	Active	NO
3	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Director	25/08/2014	11/11/2013	-	Active	NO
4
L74899DL1995PLC067827	PVR LIMITED	Director	29/09/2014	31/01/2014	-	Active	NO
5	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	03/09/2014	12/08/2014	-	Active	NO
6	AAB-7532	Z-AXIS MANAGEMENT CONSULTANTS & STRATEGIC ADVISORS LIMITED LIABILITY PARTNERSHIP	Designated Partner	07/09/2013	07/09/2013	-	Active	NO

KEY EXECUTIVES

Not Available

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 03.09.2014

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

As on 03.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
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.
Products :	Not Available
Brand Names :	· Micromax · Micromax Mobile
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

PRODUCTION STATUS = Not Available

GENERAL INFORMATION

Suppliers :

Not Available

Customers :

Not Available

No. of Employees :

Information declined by the management.

Bankers :

• Punjab National Bank, IBB, DCM Building, 8^th Floor, Barakhamba Road, New Delhi – 110001, Delhi, India
• The Ratnakar Bank Limited, Shahupuri, Kolhapur – 416001, Maharashtra, India
• Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
• Barclays Bank PLC, Erose Corporate Towers, Nehru Place, New Delhi – 110019, Delhi, India
• ING Vysya Bank Limited, W-13, West Patel Nagar, New Delhi – 110001, Delhi, India
• State Bank of India, Jawahar Vyapar Bhawan, 11^th and 12^th Floor, 1, Tolstoy Marg, New Delhi – 110001, Delhi, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Other Loans and advances	2.324	0.000
Total	2.324	0.000

Auditors :
Name :	Walker, Chandiok and Company Chartered Accountants
Address :	21^st Floor, Dlf Square Jacaranda Marg, Dlf Phase II, Gurgaon, India
PAN No.:	AACFG9740K
Memberships :	Not Available
Collaborators :	Not Available
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 31.03.2014

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
195557363	Equity Shares	Rs.10/-	Rs.1955.573 Million
1	Preference Shares	Rs.1000/-each	Rs.0.001 Million
	Total		Rs.1955.574 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1955.575	1955.573	1955.570
(b) Reserves & Surplus	6611.786	4103.158	2199.650
(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)	8567.361	6058.731	4155.220
(3) Non-Current Liabilities
(a) long-term borrowings	2.324	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	143.630	82.589	66.220
(d) long-term provisions	1608.644	382.582	199.770
Total Non-current Liabilities (3)	1754.598	465.171	265.990
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	100.000
(b) Trade payables	8049.920	5071.491	3134.520
(c) Other current liabilities	1058.950	573.959	237.390
(d) Short-term provisions	2070.930	598.213	332.620
Total Current Liabilities (4)	11179.800	6243.663	3804.530
TOTAL	21501.759	12767.565	8225.740
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	139.095	101.298	93.010
(ii) Intangible Assets	14.442	5.110	4.040
(iii) Capital work-in-progress	41.552	41.552	41.550
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	55.033	55.033	55.040
(c) Deferred tax assets (net)	547.512	21.897	1.010
(d) Long-term Loan and Advances	1705.465	798.858	838.610
(e) Other Non-current assets	7.200	57.303	57.100
Total Non-Current Assets	2510.299	1081.051	1090.360
(2) Current assets
(a) Current investments	1912.421	1409.597	610.520
(b) Inventories	5606.207	2702.670	2700.540
(c) Trade receivables	5055.313	3263.540	1625.220
(d) Cash and cash equivalents	5807.056	3797.713	1973.610
(e) Short-term loans and advances	366.930	459.075	194.080
(f) Other current assets	243.533	53.919	31.410
Total Current Assets	18991.460	11686.514	7135.380
TOTAL	21501.759	12767.565	8225.740

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	70830.875	30580.787	13377.310
	Other Income	581.444	488.475	234.340
	TOTAL	71412.319	31069.262	13611.650
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000	0.000
	Purchases of Stock-in-Trade	60493.983	24160.260	10500.200
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(3604.679)	(134.390)	0.000
	Employees benefits expense	599.887	421.191	187.360
	Other expenses	9536.334	3719.409	2639.020
	TOTAL	67025.525	28166.470	13326.580
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	4386.794	2902.792	285.070
Less	FINANCIAL EXPENSES	62.084	80.795	45.800
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	4324.710	2821.997	239.270
Less/ Add	DEPRECIATION/ AMORTISATION	36.065	14.618	15.150
Less/ Add	Prior Period Items before tax	0.000	0.000	(8.260)
	PROFIT/ (LOSS) BEFORE TAX	4288.645	2807.379	215.860
Less	TAX (I)	1447.633	903.875	73.770
	PROFIT/ (LOSS) AFTER TAX	2841.012	1903.504	142.090
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	10.410	18.700	95.280
	TOTAL EARNINGS	10.410	18.700	95.280
	IMPORTS
	Raw Materials	51881.240	21477.240	9932.510
	Components and Stores parts	0.000	0.000	94.670
	Capital Goods	0.000	0.000	0.400
	TOTAL IMPORTS	51881.240	21477.240	10027.580
	Earnings / (Loss) Per Share (Rs.)	14.53	9.73	0.73

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	3.98	6.13	1.04
Operating Profit Margin (PBDIT/Sales)	(%)	6.19	9.49	2.13
Return on Total Assets (PBT/Total Assets}	(%)	20.56	22.19	2.66
Return on Investment (ROI) (PBT/Networth)		0.50	0.46	0.05
Debt Equity Ratio (Total Liability/Networth)		0.00	0.00	0.02
Current Ratio (Current Asset/Current Liability)		1.70	1.87	1.88

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	1955.570	1955.573	1955.575
Reserves & Surplus	2199.650	4103.158	6611.786
Net worth	4155.220	6058.731	8567.361
long-term borrowings	0.000	0.000	2.324
Short term borrowings	100.000	0.000	0.000
Total borrowings	100.000	0.000	2.324
Debt/Equity ratio	0.024	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	13377.310	30580.787	70830.875
		128.602	131.619

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	13377.310	30580.787	70830.875
Profit	142.090	1903.504	2841.012
	1.06%	6.22%	4.01%

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

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10520347	08/09/2014	450,000,000.00	DBS BANK LTD.	CAPITAL POINT, BABA KHARAK SINGH MARG, CONNAUGHT  PLACE, NEW DELHI, Delhi - 110001, INDIA	C20981403
2	10496756	24/07/2014 *	8,160,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, Maker Tower 'E', Cuffe Parade, Mumbai, Maharashtra - 400005, INDIA	C13773528
3	10496618	02/05/2014	700,000,000.00	Punjab National Bank	Pant Nagar, Udham Singh Nagar, Uttarakhand - 26314  5, INDIA	C05140918
4	10484536	20/02/2014	800,000,000.00	ING VYSYA BANK LIMITED	NARIAN MANZIL, GROUND FLOOR, SHOP NO. G1 TO G5,, I  FLOOR,SHOP NO.1001 TO 1007,BARAKHAMBA ROAD,, NEW DELHI, Delhi - 110001, INDIA	C00371369
5	10471672	27/12/2013	920,000,000.00	THE RATNAKAR BANK LIMITED	SHAHUPURI,KOLHAPUR,, KOLHAPUR, Maharashtra - 416001, INDIA	B94054020
6	10431262	16/05/2013	750,000,000.00	Punjab National Bank	Large Corporate Branch, U&I Building, Sector-29,,  Gurgaon, Haryana - 122002, INDIA	B77141646
7	10212060	02/12/2011 *	1,500,000,000.00	STATE BANK OF INDIA	11TH & 12TH FLOOR, JAWAHAR VYAPAR BHAWAN, 1, TOLSTOY MARG, NEW DELHI, Delhi - 110001, INDIA	B27899640
8	10198329	29/09/2011 *	1,400,000,000.00	DBS Bank Ltd.	Upper Ground Floor, Birla Tower, 25, Barakhamba Road, New Delhi, Delhi - 110001, INDIA	B24057671
9	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
10	10100509	29/09/2011 *	1,150,000,000.00	Citibank N.A	9th Floor, DLF Square, M-Block, Jarcanda Marg, DLF City, Phase 2, Gurgaon, Haryana - 122002, INDIA	B23518640

* Date of charge modification

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.61.55
UK Pound	1	Rs.97.09
Euro	1	Rs.76.61

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KAR
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
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	YES
--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

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