MIRA INFORM REPORT

Report Date :

27.11.2014

IDENTIFICATION DETAILS

Name :	COMPUTER POINT LIMITED
Registered Office :	1/1B, Upper Wood Street, Kolkata – 700017, West Bengal
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	14.09.1984
Com. Reg. No.:	21-152180
Capital Investment / Paid-up Capital :	Rs. 300.013 Millions
CIN No.: [Company Identification No.]	L72200WB1984PLC152180
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACC2187P
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Providing IT enabled services
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk profile marked by low reserves and thin profitability margins of the company. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for 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.

EXTERNAL AGENCY RATING

Not Available

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 BY

Name :	Mr. Tapas Chowdhury
Designation :	Not Divulged
Contact No.:	91-33-22814418
Date :	22.11.2014

LOCATIONS

Registered Office :	1/1B, Upper Wood Street, Kolkata – 700017, West Bengal, India
Tel. No.:	91-33-22814418
Fax No.:	91-33-22814418
E-Mail :	sucess2007@gmail.com tapas_cp@yahoo.com tchowdhury@computerpointltd.co.in
Website :	http://www.computerpointltd.co.in
Head Office :	230, Tardeo A.C. Market, Tardeo Road, Mumbai – 400034, Maharashtra, India
Tel. No.:	91-22-65151787
Branches :	· Bihar and Jharkhand · North Bengal · Orissa

DIRECTORS

AS ON 06.09.2013

Name :

Mr. Rajesh Gupta

Designation :

Director

Address :

B – 1523, Shastri Nagar 1^st Floor, Delhi – 110052, India

Date of Birth/Age :

05.10.1967

Date of Appointment :

18.01.2000

DIN No. :

00430768

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	L72200WB1984PLC152180	COMPUTER POINT LIMITED	Director	18/01/2000	18/01/2000	-	Active	NO
2	U27109TN2007PTC061999	SHREYASIDHA VANIJYA PRIVATE LIMITED	Director	11/01/2007	11/01/2007	-	Active	NO

Name :

Mr. Ankush Jain

Designation :

Director

Address :

9, Pretoria Street, Kolkata – 700071, West Bengal, India

Date of Birth/Age :

15.05.1987

Date of Appointment :

01.07.2008

DIN No. :

00432709

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	L72200WB1984PLC152180	COMPUTER POINT LIMITED	Director	01/07/2008	30/04/2007	-	Active	NO
2	U74999WB2009PTC135222	RAMESHWAR SUPPLIERS PRIVATE LIMITED	Director	15/07/2010	15/07/2010	04/03/2011	Active	NO
3	U67120WB1994PLC061951	APPU FINANCIAL SERVICES LTD	Director	21/07/2010	21/07/2010	03/03/2011	Active	NO
4	U74140WB1995PTC070786	TAKECARE CONSULTANCY SERVICES PVT.LTD.	Director	23/07/2010	23/07/2010	28/02/2011	Active	NO
5	U52100WB2009PTC137859	CAMELLIA SALES PRIVATE LIMITED	Director	27/07/2010	27/07/2010	04/03/2011	Active	NO

Name :

Mr. Rishabraj Chhallani

Designation :

Director

Address :

3, Kalathiappa Street, Chennai – 600112, Tamilnadu, India

Date of Birth/Age :

15.11.1957

Date of Appointment :

30.07.2007

DIN No. :

01430104

Name :

Mr. Ashok Das

Designation :

Director

Address :

8, Garanhata Lane, Kolkata – 700006, west Bengal, India

Date of Birth/Age :

11.04.1947

Date of Appointment :

04.01.2012

DIN No. :

00432932

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	U51109WB2005PTC106902	COMPARE COMMERCIAL PVT LTD	Director	01/02/2006	01/02/2006	-	Active	NO
2	U51109WB2005PTC106945	CREATION VYAPAAR PVT LTD	Director	03/02/2006	03/02/2006	10/10/2013	Active	NO
3	U51900WB2005PTC106900	PROTECT MARKETING PVT LTD	Director	04/02/2006	04/02/2006	-	Active	NO
4	U74900WB2009PTC136240	LAVEDER SALES PRIVATE LIMITED	Director	02/09/2009	02/09/2009	-	Active	NO
5	L72200WB1984PLC152180	COMPUTER POINT LIMITED	Director	04/01/2012	04/01/2012	-	Active	NO
6	U51909WB2012PTC188643	BHUMIDHAR VANIJYA PRIVATE LIMITED	Director	15/01/2014	15/01/2014	-	Active	NO
7	U51909WB2012PTC188650	SHIVBHAKTI COMMERCIAL PRIVATE LIMITED	Additional director	25/03/2014	25/03/2014	-	Active	NO
8	U45400WB2012PTC188484	FASTSPEED APPARTMENT PRIVATE LIMITED	Additional director	27/03/2014	27/03/2014	-	Active	NO
9	U45400WB2012PTC188538	AFTERLINK BUILDCON PRIVATE LIMITED	Additional director	27/03/2014	27/03/2014	-	Active	NO
10	U72900WB2012PTC179245	OVERTOP COMPUTERS PRIVATE LIMITED	Additional director	29/03/2014	29/03/2014	-	Active	NO
11	U45400WB2012PTC188493	DASBHUJA PROMOTERS PRIVATE LIMITED	Additional director	29/03/2014	29/03/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Jitendra Tiwari
Designation :	Secretary
Address :	188 /48, lake Garden, Kolkata – 700045, West Bengal, India
Date of Birth/Age :	12.11.1957
Date of Appointment :	27.06.2008
PAN No.:	ABRPT2839G

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Category of Shareholder	Total No. of Shares	Total Shareholding as a % of Total No. of Shares
		As a % of (A+B)
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	547762	1.83
Sub Total	547762	1.83
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	547762	1.83
(B) Public Shareholding
(1) Institutions
(2) Non-Institutions
Bodies Corporate	21755271	72.51
Individuals
Individual shareholders holding nominal share capital up to Rs. 1 lakh	4696607	15.65
Individual shareholders holding nominal share capital in excess of Rs. 1 lakh	2888792	9.63
Any Others (Specify)	112868	0.38
Non Resident Indians	112868	0.38
Sub Total	29453538	98.17
Total Public shareholding (B)	29453538	98.17
Total (A)+(B)	30001300	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	30001300	0.00

As on 06.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	61.91
Directors or relatives of Directors	1.83
Other top fifty shareholders	30.90
Other	5.36
Total	100.00

BUSINESS DETAILS

Line of Business :

Providing IT enabled services

Products :

Item Code No. (ITC Code)	Product Description
28392009	Computer and peripherals

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS: Not Available

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

Not Divulged

No. of Employees :

Information declined by the management.

Bankers :

Banker Name	Ing Vyasya Bank
Branch Address	Barabourne Road Branch
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	553011040109
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Not Available

Auditors :
Name :	R. K. Bhatter and Company Chartered Accountants
Address :	38, Netaji Subhas Road, 2nd Floor, Kolkata – 700001, West Bengal, India
PAN No.:	AEBPB4823M
Memberships :	Not Divulged
Collaborators :	Not Divulged
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
31000000	Equity Shares	Rs.10/- each	Rs.310.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
30001300	Equity Shares	Rs.10/- each	Rs.300.013 Millions

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	300.013	300.013	300.013
(b) Reserves & Surplus	33.717	33.347	32.310
(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)	333.730	333.360	332.323
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.277	0.587	1.387
(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)	0.277	0.587	1.387
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	4.641	65.648	108.173
(c) Other current liabilities	0.583	1.020	0.005
(d) Short-term provisions	0.013	0.054	0.000
Total Current Liabilities (4)	5.237	66.722	108.178
TOTAL	339.244	400.669	441.888
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5.160	8.033	12.682
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	5.160	8.033	12.682
(2) Current assets
(a) Current investments	0.000	107.800	167.800
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	157.000	136.677	157.292
(d) Cash and cash equivalents	21.957	40.005	2.780
(e) Short-term loans and advances	155.127	108.154	101.334
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	334.084	392.636	429.206
TOTAL	339.244	400.669	441.888

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	487.271	336.033	296.268
	Other Income	11.137	9.334	8.118
	TOTAL (A)	498.408	345.367	304.386
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000	0.000
	Purchases of Stock-in-Trade	485.045	329.205	237.685
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.000	0.000	46.410
	Employees benefits expense	4.804	5.065	5.935
	Other expenses	5.612	6.157	26.882
	TOTAL (B)	495.461	340.427	316.912
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	2.947	4.940	(12.526)
Less	FINANCIAL EXPENSES (D)	0.000	0.000	0.048
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	2.947	4.940	(12.574)
Less/ Add	DEPRECIATION/ AMORTISATION (F)	2.874	4.649	5.071
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	0.073	0.291	(17.645)
Less	TAX (H)	(0.297)	(0.746)	(3.501)
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	0.370	1.037	(14.144)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (J)	(32.308)	(33.345)	(19.201)
	Balance Carried to the B/S (I+J)	(31.938)	(32.308)	(33.345)
	Earnings / (Loss) Per Share (Rs.)	0.01	0.03	0.00

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/ Sales)	(%)	0.08	0.31	(4.77)
Operating Profit Margin (PBIDT / Sales)	(%)	0.60	1.47	(4.23)
Return on Total Assets (PBT/Total Assets}	(%)	0.02	0.07	(3.99)
Return on Investment (ROI) (PBT/Networth)		0.00	0.00	(0.05)
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		63.79	5.88	3.97

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	300.013	300.013	300.013
Reserves & Surplus	32.310	33.347	33.717
Net worth	332.323	333.360	333.730
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	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	296.268	336.033	487.271
		13.422	45.007

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	296.268	336.033	487.271
Profit	(14.144)	1.037	0.370
	(4.77%)	0.31%	0.08%

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	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	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	No
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 B – 1523, Shastri Nagar, 1^st Floor, Delhi – 110052, India to the present address w.e.f. 21.05.2010

CURRENT PERFORMANCE

The Company had been very aggressive in the quest for new contracts and execution thereof while maintaining its pricing standards. The Company’s business is in certain sectors like Banking, Financial Services, Retail business, Life services and Health care and also in certain Government sector registered a marginal improvement on an annual basis. The Company foresees improvement in its order positions in diverse Industrial sectors in the current year.

The Company’s initiation in the operation of Business Schools and Technical Education in the Eastern India in close co-ordination with all India Technical Universities has turned out to be encouraging and the Company proposes further expansion in this venture.

The gross turnover for the year was increased by about 45 % as compared to the previous year and the net profit after Tax (PAT) for the year could be maintained because of the close monitoring of the operational costs and extensive cost control measures.

Encouraged by the increased response the management proposes to initiate extensive focus in Business School and Technical Educational Institutions in the Eastern India in close-co-ordination with Technical Universities.

MANAGEMENT DISCUSSION AND ANALYSIS

COMPANY PROFILE:

The Company, ‘M/s Computer Point Ltd.’ (CPL) is a pioneer and well known Institution in IT enabled services. The spate of growth of Indian Industries over the recent past was possible by the extension of knowledge education and training in IT enabled services. In this arena CPL has so far contributed equally alongwith other prominent Institutions in the country. Computer operations and knowledge has become essential in the day-today operations of Industries and government departments. The government is spending a huge amount for extension of Computer Education right from the school and college levels. CPL can not be silent on-looker. It has developed a huge net-work spread over the country, especially in the eastern part of the Country. In the process the Company has entered into collaborations with state education departments and various universities for extending Computer and Management Education and training from the basic school level upto University degrees in respective fields. The Company is conducting degree courses in business management in collaborations and license from the Punjab Technical University and Karnataka State Open University.

VIEW INDEX OF CHARGES: No Charges Exist for Company

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER 30 JUNE, 2014

(Rs. In Million)

Particulars		Quarter Ended	Three Months
		30.06.2014	30.06.2014
		Unaudited	Unaudited
1	Net sales /Income from Operations	108.515	108.515
2	Expenses
	(a) Cost of materials	105.025	105.025
	(b) Other Operating Expenses	1.286	1.286
	(c) Establishment Expenses	1.125	1.125
	(d) Depreciation	--	--
	(e) Other Expenses	--	--
	Total expenses	107.436	107.436
3	Profit/ (Loss) from operations before other Income, finance costs and exceptional Items	1.079	1.079
4	Other Income	--	--
5	Profit/ (Loss) from operations before other income, finance costs and exceptional items	1.079	1.079
6	Finance Costs	--	--
7	Profit/ (Loss) from ordinary activities after finance cost but before exceptional items	1.079	1.079
8	Exceptional items	--	--
9	Profit/ (Loss) from ordinary activities before tax	1.079	1.079
10	Tax expenses	--	--
11	Net Profit / (Loss) from ordinary activities after tax	1.079	1.079
12	Extraordinary item (net of tax expense)	--	--
13	Net Profit / (Loss) for the period	1.079	1.079
14	Share of profit' (loss) of associates	--	--
15	Minority Interest	--	--
16	Net Profit/ (Loss) after taxes, minority interest and share of profit/(loss) of associates	1.079	1.079
17	Paid up equity share capital (Face Value of Rs10/- each)	300.013	300.013
18	Reserve excluding Revaluation Reserve	--	--
19	Profit and Loss Account	--	--
20.i	Earnings per share (before extraordinary items) of Rs.10/- each (not annualised):
	(a) Basic	0.04	0.04
	(b) Diluted	0.04	0.04
ii	Earnings per share (after extraordinary items) of Rs.10/- each (not annualised)
	(a) Basic	0.04	0.04
	(b) Diluted	0.04	0.04
A	PARTICULARS OF SHAREHOLDING
1	Public Shareholding
	- Number of shares	29451100	29451100
	- Percentage of shareholding	98.17	98.17
2	Promoters and Promoter group shareholding
	a) Pledged / Encumbered
	- Number of shares	--	--
	- Percentage of shares (as a % of the total shareholding of Promoter & Promoter group)	--	--
	- Percentage of shares (as a % of the total Share Capital of the Company)	--	--
	b) Non Encumbered
	- Number of shares	550200	550200
	- Percentage of shares (as a % of the total shareholding of Promoter & Promoter group)	100.00	100.00
	- Percentage of shares (as a % of the total Share Capital of the Company)	1.83	1.83

Note:

· The Audit Committee reviewed the above Results and the Board of Directors at its meeting held on July 30, 2014 approved the results.

· Company operates in a single seqeii1ent i.e Information Technology. Segment Reporting is not required. 

· During the Quarter Depreciation has not been considered.

· Previous Year/quarter, figures are re-regrouped/restated. Whenever found necessary.

B	INVESTOR COMPLAINTS	30.06.2014
	Pending at the beginning of the quarter	0
	Received during the quarter	2
	Disposed of during the quarter	2
	Remaining unresolved at the end of the quarter	0

FIXED ASSETS

· Furniture and fixtures

· Vehicles

· Office equipment

· Motor vehicles

· Computer equipments

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. 61.86
UK Pound	1	Rs. 97.22
Euro	1	Rs. 77.21

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KAR
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION		0
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--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	NO
--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		26

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.