1. Summary Information

		Country	India
Company Name	BEETEL TELETECH LIMITED	Principal Name 1	Mr. Rakesh Bharti Mittal
Status	Moderate	Principal Name 2	Mr. Devendra Khanna
		Registration #	--
Street Address	First Floor, Plot No. 16, Udyog Vihar, Phase IV, Gurgoan – 122015, Haryana, India
Established Date	30.03.1999	SIC Code	--
Telephone#	91-24-4823500	Business Style 1	Manufacturer of Telecom Equipments,
Fax #	91-24-4146130	Business Style 2	--
Homepage	http://www.bharti-teletech.net	Product Name 1	Ultrasound Equipments.
# of employees	--	Product Name 2	Circuit Boards
Paid up capital	Rs 50,700,000/-	Product Name 3	Electrical Computers
Shareholders	Foreign holdings – 0.97% Bodies corporate – 95.95% Other top fifty (50) shareholders – 0.92% Others – 2.16%	Banking	Kotak Mahindra Bank Limited
Public Limited Corp.	--	Business Period	15 years
IPO	---	International Ins.	-
Public Enterprise	---	Rating	B (28)
Related Company
Relation Related Party	Country India	Company Name	Bharti Airtel Limited
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1204,490,000	Current Liabilities	1438,830,000
Inventories	630,730,000	Long-term Liabilities	359,350,000
Fixed Assets	127,090,000	Other Liabilities	224,740,000
Deferred Assets	0,000	Total Liabilities	2022,920,000
Invest& other Assets	500,000,000	Retained Earnings	388,690,000,000
		Net Worth	439,390,000,000
Total Assets	2462,310,000	Total Liab. & Equity	2462,310,000
Total Assets (Previous Year)	3,261,760,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	8,719,410,000	Net Profit	(207,860,000)
Sales(Previous yr)	14,665,250,000	Net Profit(Prev.yr)	(361,140,000)

MIRA INFORM REPORT

Report Date :

29.09.2014

IDENTIFICATION DETAILS

Name :	BEETEL TELETECH LIMITED
Registered Office :	First Floor, Plot No. 16, Udyog Vihar, Phase IV, Gurgoan – 122015, Haryana, India
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	30.03.1999
Com. Reg. No.:	05-042204
Capital Investment / Paid-up Capital :	Rs.50.700 Millions
CIN No.: [Company Identification No.]	U32204HR1999PLC042204
TAN No.: [Tax Deduction & Collection Account No.]	DELB04576F
PAN No.: [Permanent Account No.]	AABCB3989M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and distribution of telecommunication equipment as well as data and networking products.
No. of Employees :	Information declined by the management.

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 1760000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has incurred a loss from its operations during 2013. However, trade relations are reported to be fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some cautions.

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 DENIED

Management Non-Cooperative

Contact No.: 91-124-4146130 / 4823500

LOCATIONS

Registered Office / Corporate Office :	First Floor, Plot No. 16, Udyog Vihar, Phase IV, Gurgoan – 122015, Haryana, India
Tel. No.:	91-24-4823500
Fax No.:	91-24-4146130
E-Mail :	usrinivas@bttindia.com share.bttl@beetel.in gaurav.arora@beetel.in anupam.garg@bharti.in
Website :	http://www.bharti-teletech.net www.beetel.in
West Office :	Office Suite D, 2^nd Floor, North Wing Excom House, 7 Saki Vihar Road, Andheri East, Saki Naka, Mumbai – 400072, Maharashtra, India.
Tel. No.:	91-22-40790909
Fax No.:	91-22-40790931
South Office :	No. 76, 36th Main, Dollar Scheme Extension BTM Layout, Madiwala, Bangalore – 560047, Karnataka, India
Tel. No.:	91-80-26786248
Fax No.:	91-80-26683686
East Office :	4th Floor, Room No. 8, Shantiniketan Building, 8, Camac Street, Kolkata – 700017, West Bengal, India
Tel. No.:	91-33-22825102
Fax No.:	91-33-22818473

Factory 1 :	1-4, Rural Industrial Complex, Village Humbran,Ludhiana - 140 110 Punjab, India
Tel. No.:	91-161-2871261 / 2871
Fax No.:	91-161-2871361
Factory 2 :	Plot No. 46-50, Mapusa Industrial Estate, Mapusa, Goa - 403507
Branches :	WEST RO v Maharashtra, Mumbai v Bhiwandi Warehouse Bhiwandi v Kurla (East Mumbai) v Pure Warehouse Rest of Maharashtra v Nagpur Warehous v M.P Any Town of M.P v Chhatisgarh any Town of Chhattisgarh SOUTH RO v Karnataka Bangalore Office and warehouse all Towns of Karnatka v Tamilnadu All towns of Tamilnadu v Pondicherry v A P All towns of AP v Kerala All Towns of Kerala EAST RO v Kolkata Office v Kolkatta Warehouse v Bihar v Jharkhand v Orissa v Assam NORTH RO v Delhi v Rajasthan v J and K v Punjab v Uttranchal v Noida v Chandigarh v Haryana v Himachal Pradesh v Lucknow v Goa

DIRECTORS

AS ON 26.09.2013

Name :

Mr. Rakesh Bharti Mittal

Designation :

Director

Address :

E-26, Vasant Marg, Vasant Vihar, New Delhi – 110057, India

Date of Birth/Age :

18.09.1955

Date of Appointment :

01.04.2011

PAN No.:

ABBPM8872C

DIN No. :

00042494

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	U74899DL1983PTC015323	BHARTI INFOTEL PRIVATE LIMITED	Director	04/03/1983	04/03/1983	-	Active	NO
2	L74899DL1995PLC070609	Bharti Airtel Limited	Director	07/07/1995	07/07/1995	26/09/2012	Active	NO
3	U32204HR1999PLC042204	BEETEL TELETECH LIMITED	Director	01/04/2011	30/03/1999	-	Active	NO
4	U72200HR1999PLC041214	Comviva Technologies Limited	Director	07/05/1999	07/05/1999	-	Active	NO
5	U72900DL2003PLC119377	Aegis BPO Services (Gurgaon) Limited	Director	13/06/2006	12/03/2003	18/12/2007	Active	NO
6	U70101DL2003PTC120760	BHARTI REALTY PRIVATE LIMITED	Director	06/06/2003	06/06/2003	-	Amalgamated	NO
7	U15133HR2004PTC041215	FieldFresh Foods Private Limited	Director	06/09/2004	06/09/2004	-	Active	NO
8	U72300DL2005PTC142757	Bharti Overseas Private Limited	Director	01/08/2009	21/11/2005	-	Active	NO
9	U72300DL2005PLC142756	Bharti Ventures Limited	Managing director	11/01/2010	21/11/2005	-	Active	NO
10	U74993DL2007PLC163757	BHARTI ENTERPRISES LIMITED.	Director	23/09/2008	22/05/2007	28/12/2009	Active	NO
11	U32039HR1985PLC032091	BHARTI TELECOM LIMITED	Director	24/09/2007	17/07/2007	-	Active	NO
12	U65923DL2007PTC168641	Bharti (RM) Holdings Private Limited	Director	18/09/2008	25/09/2007	-	Active	NO
13	U74900DL2007PTC169368	Gourmet Investments Private Limited	Director	18/09/2008	12/10/2007	05/10/2011	Active	NO
14	U51909DL2007PLC158953	BHARTI RETAIL LIMITED	Director	20/03/2008	20/03/2008	12/01/2010	Active	NO
15	U45201DL2006PTC147183	DM BUILDWELL PRIVATE LIMITED	Director	22/08/2008	22/08/2008	07/11/2009	Active	NO
16	U80100TG1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	29/09/2008	25/08/2008	-	Active	NO
17	U74900DL2009PTC190106	Bharti (RM) Trustees Private Limited	Director	30/09/2010	08/05/2009	-	Active	NO
18	U74900DL2009PTC190214	Bharti (Satya) Trustees Private Limited	Director	30/09/2010	12/05/2009	-	Active	NO
19	U74140DL2009PTC190298	Bharti (RM) Resources Private Limited	Director	30/09/2010	14/05/2009	-	Active	NO
20	U74140DL2009PTC190300	Bharti (RM) Services Private Limited	Director	30/09/2010	14/05/2009	-	Active	NO
21	U74900DL2009PTC190495	Bharti Management Private Limited	Director	30/09/2010	21/05/2009	-	Active	NO
22	U74120DL2007PLC158956	Centum Learning limited	Director	07/06/2010	24/07/2009	-	Active	NO
23	U66030KA2007PLC043362	BHARTI AXA GENERAL INSURANCE COMPANY LIMITED	Director	17/08/2011	24/08/2009	-	Active	NO
24	U66010MH2005PLC157108	BHARTI AXA LIFE INSURANCE COMPANY LIMITED	Director appointed in casual vacancy	10/09/2009	10/09/2009	-	Active	NO
25	U74140DL2010PTC197775	BHARTI ENTERPRISES (HOLDING) PRIVATE LIMITED	Director	06/12/2010	08/01/2010	-	Active	NO
26	L74899DL1993PLC053677	IFCI LIMITED	Director	13/09/2011	27/10/2010	05/01/2013	Active	NO
27	U66010DL2010PTC211456	Bharti Insurance Holdings Private Limited	Director	30/09/2011	15/12/2010	-	Active	NO
28	U67120MH1996PTC250182	FIRST AMERICAN SECURITIES PRIVATE LIMITED	Alternate director	18/02/2013	10/08/2011	08/05/2013	Active	NO
29	U55101DL2011PTC228190	Atrium Restaurants India Private limited	Director	28/09/2012	07/06/2012	-	Active	NO
30	L64201DL2006PLC156038	Bharti Infratel Limited	Director	01/04/2014	03/09/2012	-	Active	NO
31	U92100DL2007PLC170574	Indus Towers Limited	Director	30/04/2013	04/09/2012	-	Active	NO
32	U74140KA2007PTC043520	GIBA Holdings Private Limited	Alternate director	07/08/2013	07/08/2013	06/03/2014	Active	NO

Name :

Mr. Devendra Khanna

Designation :

Director

Address :

Devi Sadan, Ground Floor, L 115, Hauz Khas, New Delhi – 110016, India

Date of Birth/Age :

14.07.1960

Date of Appointment :

27.01.2009

DIN No. :

01996768

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	U64201DL1997PLC091001	Bharti Airtel Services Limited	Director	01/08/2008	18/01/2008	29/10/2013	Active	NO
2	U74999DL2000PLC108006	BHARTI AQUANET LIMITED	Director	01/08/2008	21/01/2008	-	Amalgamated	NO
3	U32308DL2007PLC161809	IFFCO Kisan Sanchar Limited	Director	05/09/2008	23/01/2008	30/06/2009	Active	NO
4	U32039HR1985PLC032091	BHARTI TELECOM LIMITED	Managing director	08/08/2008	29/01/2008	22/07/2009	Active	NO
5	U74899DL1995PLC067527	BHARTI HEXACOM LIMITED	Director	19/09/2013	27/03/2008	-	Active	NO
6	U74140DL2008PTC173843	Bharti Retail Resources Private Limited	Director	24/04/2009	19/06/2008	-	Amalgamated	NO
7	U15133HR2004PTC041215	FieldFresh Foods Private Limited	Director	21/08/2009	19/08/2008	24/02/2014	Active	NO
8	U32204DL2008PLC183976	Bharti Teleports Limited	Managing director	29/10/2012	06/10/2008	-	Active	NO
9	U32204HR1999PLC042204	BEETEL TELETECH LIMITED	Director	27/07/2009	27/01/2009	-	Active	NO
10	U74140KA2007PTC043520	GIBA Holdings Private Limited	Director	30/05/2012	24/06/2011	06/03/2014	Active	NO
11	U74900DL2011FLC221516	BSB INNOVATION INDIA LIMITED	Director	27/06/2011	27/06/2011	22/11/2011	Active	NO
12	U74900DL2007PTC169368	Gourmet Investments Private Limited	Director	28/09/2012	05/10/2011	11/02/2014	Active	NO
13	U55101DL2011PTC228190	Atrium Restaurants India Private limited	Director	28/09/2012	01/12/2011	19/03/2014	Active	NO
14	U66010DL2010PTC211456	Bharti Insurance Holdings Private Limited	Director	28/09/2012	06/01/2012	-	Active	NO
15	U66030KA2007PLC043362	BHARTI AXA GENERAL INSURANCE COMPANY LIMITED	Director	30/05/2012	10/01/2012	06/03/2014	Active	NO
16	U67120MH1996PTC250182	FIRST AMERICAN SECURITIES PRIVATE LIMITED	Director	28/09/2012	12/01/2012	06/03/2014	Active	NO
17	U66010MH2005PLC157108	BHARTI AXA LIFE INSURANCE COMPANY LIMITED	Director	07/06/2012	17/01/2012	06/03/2014	Active	NO
18	U92200DL2006PLC156075	Bharti Telemedia Limited	Director	24/09/2012	08/02/2012	-	Active	NO
19	U65900MH2007FTC173079	BOI AXA Investment Managers Private Limited	Director appointed in casual vacancy	15/02/2012	15/02/2012	07/05/2012	Active	NO
20	U74993DL2007PLC163757	BHARTI ENTERPRISES LIMITED.	Director	28/09/2012	07/03/2012	-	Active	NO
21	U72900MH2007PTC175384	AIRTEL BROADBAND SERVICES PRIVATE LIMITED	Director	24/05/2012	24/05/2012	-	Active	NO
22	U64200DL2010PTC205336	WIRELESS BROADBAND BUSINESS SERVICES (KERALA) PRIVATE LIMITED	Director	24/05/2012	24/05/2012	-	Amalgamated	NO
23	U64200DL2010PTC205334	WIRELESS BROADBAND BUSINESS SERVICES (HARYANA) PRIVATE LIMITED	Director	24/05/2012	24/05/2012	-	Amalgamated	NO
24	U64200DL2010PTC205333	WIRELESS BROADBAND BUSINESS SERVICES (DELHI) PRIVATE LIMITED	Director	24/05/2012	24/05/2012	-	Amalgamated	NO
25	U51909DL2007PLC158953	BHARTI RETAIL LIMITED	Director	28/06/2013	30/11/2012	-	Active	NO
26	U52599DL2007PLC159150	CEDAR SUPPORT SERVICES LIMITED	Director	28/06/2013	30/11/2012	-	Active	NO
27	U93000DL2010PLC208520	Centum Workskills India Limited	Director	17/09/2013	19/12/2012	11/02/2014	Active	NO
28	U74120DL2007PLC158956	Centum Learning limited	Director	17/09/2013	19/12/2012	-	Active	NO
29	U72200HR1999PLC041214	Comviva Technologies Limited	Director	17/06/2013	31/12/2012	-	Active	NO
30	U51909DL2007PTC167118	Wal-Mart India Private Limited	Director	16/05/2013	27/02/2013	28/12/2013	Active	NO
31	U72200DL2013PLC254747	Nxtra Data Limited	Director	02/07/2013	02/07/2013	09/08/2013	Active	NO
32	U74140DL2008PLC184218	Mehrauli Realty and Consultants Limited	Director	30/09/2013	12/07/2013	-	Active	NO
33	U45208DL2003PLC123388	Bharti Realty Holdings Limited	Director	30/09/2013	05/09/2013	-	Active	NO
34	U93000DL2013NPL259599	Satya Electoral Trust.	Director	25/10/2013	25/10/2013	10/03/2014	A

Name :

Mr. Suresh Gupta

Designation :

Whole-time director

Address :

E-64, Ground Floor, Kalkaji, New Delhi – 110019, India

Date of Birth/Age :

13.10.1961

Date of Appointment :

21.05.2013

DIN No. :

01731057

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	U72300DL1996PLC075672	INTEX TECHNOLOGIES (INDIA) LIMITED	Whole-time director	01/11/2006	01/11/2006	15/12/2008	Active	NO
2	U45400DL1999PTC099040	INTEX INFRAPROJECTS PRIVATE LIMITED	Director	27/09/2008	14/07/2008	15/12/2008	Active	NO
3	U32204HR1999PLC042204	BEETEL TELETECH LIMITED	Whole-time director	21/05/2013	21/05/2013	-	Active	NO

KEY EXECUTIVES

Name :	Gaurav Arora
Designation :	Secretory
Address :	H. No. 854, Saraswati Vihar, MG Road, Gurgaon - 122001, Haryana, India
Date of Birth/Age :	15.03.1977
Date of Appointment :	18.11.2010
PAN No.:	AGIPA1391E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 26.09.2013

SHAREHOLDERS FILE DETAILS ATTACHED

AS ON 26.09.2013

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	0.97
Bodies corporate	95.95
Other top fifty shareholders	0.92
Other	2.16
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and distribution of telecommunication equipment as well as data and networking products.

Products :

Product Description	Item Code No. (ITC Code)
Electrical and Electronic Equipments or Appliance	85171110
Network Managent Services	99831610
Modems (Modulators - Demodulators)	85176230

Brand Names :

“BEETEL”, “MOD” and “BHARTI”.

GENERAL INFORMATION

Bankers :

· IDBI Bank Limited, Indian Red Cross Society Building, 1 Red Cross Road, Post Bag No. 231, New Delhi – 110001, India

· Kotak Mahindra Bank Limited, 15-16, UGF, Ambadeep Building, 14, K.G.Marg, New Delhi - 110001, India

· HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

· The Hongkong And Shanghai Banking Corporation Limited, 25, Barakhamba Road, Birla Towers, New Delhi - 110001, India

· IDBI Bank Limited, the Great Eastern Centre, 70 Ground Floor, Commercial Branch, Nehru Place, New Delhi – 110019, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
A.Working capital loans from banks	100.000	0.000
B. Loans repayable on demand from banks	259.350	437.960
Total	359.350	437.960

Note :

(A) Secured against the hypothecation of inventories, receivables, other current assets, all movable fixed assets of the Company excluding plant and machinery at Ludhiana factory. The loan is repayable on demand and carries interest @ 11.20% p.a.

(B) It relates to the Cash credit from banks is secured against the hypothecation of inventories, receivables, other current assets, plant at Ludhiana factory and other fixed assets. The cash credit is repayable on demand and carries interest @ 11.20% to 13.75%.

Banking Relations :	--
Auditors :
Name :	K. G. Goyal and Associates Cost Accountants
Name :	S R Batliboi and Associates Chartered Accountants
Address :	Golf View Corporate Tower B, Near DLF Golf Coure Sector 42, Sector Road, Gurgaon 122001, Haryana, India
PAN No.:	ACHFS9118A
Others :	· Bharti (SBM) Holdings Private Limited [U65923DL2007PTC168197] · Bharti (RBM) Holdings Private Limited [U65923DL2007PTC168640] · Bharti (RM) Holdings Private Limited [U65923DL2007PTC168641]
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Bharti Airtel Limited [L74899DL1995PLC070609] Field Fresh Foods Private Limited [U15133HR2004PTC041215] Bharti Realty Holdings Limited [U45208DL2003PLC123388] Bharti Ventures Limited [U72300DL2005PLC142756] Bharti Axa General Insurance Company Limited [U66030KA2007PLC043362]
Wholly owned subsidiaries / Fellow Subsidiaries :	Beetel Teletech Singapore Private Limited
Associate :	Bharti Ventures Limited [U72300DL2005PLC142756]

CAPITAL STRUCTURE

AS ON 26.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs. 10/- each	Rs. 100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5070007	Equity Shares	Rs. 10/- each	Rs. 50.700 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	50.700	50.700	50.700
(b) Reserves & Surplus	388.690	606.980	964.770
(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)	439.390	657.680	1,015.470
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	12.720	9.830	6.533
(d) long-term provisions	37.790	39.180	36.996
Total Non-current Liabilities (3)	50.510	49.010	43.529
(4) Current Liabilities
(a) Short term borrowings	359.350	437.960	65.408
(b) Trade payables	1,374.430	1,839.350	1,378.958
(c) Other current liabilities	64.400	99.790	64.369
(d) Short-term provisions	174.230	177.970	42.078
Total Current Liabilities (4)	1,972.410	2,555.070	1,550.813
TOTAL	2,462.310	3,261.760	2,609.812
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	105.680	130.950	152.932
(ii) Intangible Assets	21.410	31.180	24.377
(iii) Capital work-in-progress	0.000	0.180	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	500.000	500.000	500.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	119.790	89.750	67.137
(e) Other Non-current assets	0.830	0.500	11.223
Total Non-Current Assets	747.710	752.560	755.669
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	630.730	1,175.970	602.683
(c) Trade receivables	924.290	1,182.620	1,007.895
(d) Cash and cash equivalents	65.650	27.510	40.482
(e) Short-term loans and advances	89.750	115.020	202.826
(f) Other current assets	4.180	8.080	0.257
Total Current Assets	1,714.600	2,509.200	1,854.143
TOTAL	2,462.310	3,261.760	2,609.812

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Revenue from operations	8,719.410	14,665.250	8,956.628
	Other Income	19.530	13.550	39.761
	TOTAL (A)	8,738.940	14,678.800	8,996.389
Less	EXPENSES
	Cost of Materials Consumed	385.100	431.750	445.255
	Purchases of Stock-in-Trade	6,941.920	13,115.450	7,379.969
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	532.490	(509.270)	(181.821)
	Employees benefits expense	317.560	434.610	364.501
	Other expenses	655.330	1,469.850	974.879
	TOTAL (B)	8,832.400	14,942.390	8,982.783
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	(93.460)	(263.590)	13.606
Less	FINANCIAL EXPENSES (D)	72.690	55.960	29.407
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(166.150)	(319.550)	(15.801)
Less/ Add	DEPRECIATION/ AMORTISATION (F)	37.810	38.740	48.608
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(203.960)	(358.290)	(64.409)
Less	TAX (H)	3.900	2.850	10.487
	PROFIT/ (LOSS) AFTER TAX (G-H)	(207.860)	(361.140)	(74.896)
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	382.510	1,102.370	975.670
	TOTAL EARNINGS	382.510	1,102.370	975.670
	IMPORTS
	Raw materials and components	190.340	219.710	224.260
	Traded goods	5,587.090	6,951.690	0.000
	Capital goods	0.000	0.000	0.810
	Stores and spares	9.170	6.320	9.320
	TOTAL IMPORTS	5,786.600	7,177.720	234.390
	Earnings / (Loss) Per Share (Rs.)	(41.00)	(71.23)	(15.00)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(2.38)	(2.46)	(0.83)
Net Profit Margin (PBT/Sales)	(%)	(2.34)	(2.44)	(0.72)
Return on Total Assets (PBT/Total Assets}	(%)	(10.39)	(12.97)	(3.05)
Return on Investment (ROI) (PBT/Networth)		(0.46)	(0.54)	(0.06)
Debt Equity Ratio (Total Debt /Networth)		0.82	0.67	0.06
Current Ratio (Current Asset/Current Liability)		0.87	0.98	1.20

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	50.700	50.700	50.700
Reserves & Surplus	964.770	606.980	388.690
Net worth	1,015.470	657.680	439.390
long-term borrowings	0.000	0.000	0.000
Short term borrowings	65.408	437.960	359.350
Total borrowings	65.408	437.960	359.350
Debt/Equity ratio	0.064	0.666	0.818

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)
Revenue from operations	8,956.628	14,665.250	8,719.410
		63.736	(40.544)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	8,956.628	14,665.250	8,719.410
Profit/(Loss) After Tax	(74.896)	(361.140)	(207.860)
	(0.84%)	(2.46%)	(2.38%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	Yes
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

VIEW INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10410116	22/02/2013	500,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA	B70197280
2	10375716	10/09/2012	310,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	25, BARAKHAMBA ROAD, BIRLA TOWERS, NEW DELHI - 110001, INDIA	B57784100
3	10375719	10/09/2012	310,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	25, BARAKHAMBA ROAD, BIRLA TOWERS, NEW DELHI - 110001, INDIA	B57784860
4	10263379	23/03/2012 *	1,050,000,000.00	KOTAK MAHINDRA BANK LIMITED	15-16, UGF, AMBADEEP BUILDING, 14, K.G.MARG, NEW DELHI - 110001, INDIA	B35241496
5	80012133	28/05/2013 *	400,000,000.00	IDBI BANK LIMITED	INDIAN RED CROSS SOCIETY BUILDING, 1 RED CROSS ROAD, POST BAG NO. 231, NEW DELHI -110001, INDIA	B77853299

* Date of charge modification

SEGMENT INFORMATION

The business segment has been considered as the primary segment. The reportable business segments are -Beetel Products, and Distribution Products. Beetel products include customer premises equipment like landline phones, modems, set top boxes and Information Technology peripherals. Distribution products cover mobile phones, memory devices, voice and data products, board room solutions, networking equipments which are sold under non-Beetel brand etc.

NOTE:

The registered office address of the company has been shifted from D-47, Okhla Industrial Area, Phase I, New Delhi – 110 020, India to present address.

FIXED ASSETS:

· Building-factory

· Office equipments

• Plant and Machinery
• Furniture and Fixture
• Vehicle
• Computer

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.12
UK Pound	1	Rs.102.00
Euro	1	Rs.81.43

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	RAS
Report Prepared by :	SNT

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	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--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.