MIRA INFORM REPORT

Report No. :	317262
Report Date :	21.04.2015

IDENTIFICATION DETAILS

Name :	PRINTLAND DIGITAL (INDIA) PRIVATE LIMITED
Registered Office :	G-9, Siddhartha Building, 96, Nehru Place, New Delhi-110019
Tel. No.:	91-11-41682626
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	28.03.2012
Com. Reg. No.:	55-233592
Capital Investment / Paid-up Capital :	Rs. 24.264 Million
CIN No.: [Company Identification No.]	U22200DL2012PTC233592
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Mugs, pens t-shirts, key chains, corporate gifts, pen drives, diaries, mouse p clocks, mobile back cover, hoodies, bags, power bank Printing etc.
No. of Employees :	150 (Approximately) (Office)

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

Maximum Credit Limit :	USD 15000
Status :	Moderate
Payment Behaviour :	Slow
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 and huge accumulated loss incurred by the company. However, trade relations are fair. Business is active. Payments are reported to be slow. The company can be considered for business dealing with some caution.

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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 PARTED BY

Name :	Mr. Anant
Designation :	Admin Department
Contact No.:	91-11-41682626
Date :	16.04.2015

LOCATIONS

Registered Office :	G-9, Siddhartha Building, 96, Nehru Place, New Delhi-110019, India
Tel. No.:	91-11-41682626
Fax No.:	Not Available
E-Mail :	puneet.matta@gmail.com
Location :	Owned
Web:	http://www.printland.in
Factory :	D-127, Okhla Industrial Area, Phase – 1, New Delhi – 110020, India
Location :	Owned

DIRECTORS

As on: 30.09.2014

Name :

Mr. Udit Bansal

Designation :

Director

Address :

C-80, Dayanand Colony, Lajpat Nagar Part – IV, New Delhi – 110024, India

Date of Birth/Age :

08.07.1991

Date of Appointment :

28.03.2012

DIN No.:

03612168

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	U22200DL2012PTC233592	PRINTLAND DIGITAL (INDIA) PRIVATE LIMITED	Director	28/03/2012	28/03/2012	-	Active	NO
2	AAA-6348	KARSHNI PRINTECH LLP	Designated Partner	23/09/2011	23/09/2011	-	Active	NO
3	AAA-7801	PRINTLAND DIGITAL LLP	Designated Partner	27/01/2012	27/01/2012	-	Active	NO

Name :

Mr. Sandeep Behl

Designation :

Director

Address :

D-7, 7149, Vasant Kunj, New Delhi – 110070, India

Date of Birth/Age :

10.12.1963

Date of Appointment :

31.03.2012

DIN No.:

03060627

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	U72900DL2008PTC178735	TRACK INFOLINE PRIVATE LIMITED	Director	03/05/2010	03/05/2010	-	Active	NO
2	U22200DL2012PTC233592	PRINTLAND DIGITAL (INDIA) PRIVATE LIMITED	Director	29/09/2012	31/03/2012	-	Active	NO
3	U17200DL2012PTC237636	MYON FASHION TRENDZ PRIVATE LIMITED	Director	18/06/2012	18/06/2012	24/01/2015	Active	NO
4	U74999DL2011NPL221502	AEGIS CENTRE FOR ENTREPRENEURSHIP	Director	15/03/2014	15/03/2014	-	Active	NO
5	U70101DL2012PTC230798	EVISTA HOMES and RESORTS PRIVATE LIMITED	Director	20/08/2014	20/08/2014	-	Active	NO
6	AAA-7700	LAKH LAKH DIGITAL LLP	Designated Partner	20/01/2012	20/01/2012	-	Active	NO

Name :

Mr. Sanjeev Kakar

Designation :

Director

Address :

B-5 and 6, Flat No. 4157, Vasant Kunj, New Delhi – 110070, India

Date of Birth/Age :

17.10.1965

Date of Appointment :

28.05.2012

DIN No.:

00057113

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	U72100DL2001PLC109841	INTARVO Technologies LIMITED	Director	01/04/2011	28/02/2001	16/02/2012	Active	NO
2	U72200DL2004PTC130666	UNICOM INFOSOLUTIONS PRIVATE LIMITED	Director	19/11/2004	19/11/2004	-	Active	NO
3	U32109DL2005PTC143276	MULTILINK ELECTRONICS PRIVATE LIMITED	Director	05/12/2005	05/12/2005	13/08/2014	Active	NO
4	U72200DL2006PTC155164	RIGHT GLOBAL INFOSOLUTIONS PRIVATE LIMITED	Director	08/06/2012	02/11/2006	-	Active	NO
5	U72900DL2008PTC178735	TRACK INFOLINE PRIVATE LIMITED	Director	29/05/2008	29/05/2008	-	Active	NO
6	U72200DL2008PTC180334	Servepro Warranty Services Private Limited	Director	02/07/2008	02/07/2008	15/10/2011	Active	NO
7	U72900DL2010PTC203702	RnR Technical Services Private Limited	Director	07/06/2010	07/06/2010	15/10/2011	Active	NO
8	U72900DL2010PTC204361	INTARVO Formula G ERecycling Services Private LIMITED	Director	21/06/2010	21/06/2010	15/10/2011	Active	NO
9	U74999DL2011NPL221502	AEGIS CENTRE FOR ENTREPRENEURSHIP	Director	27/06/2011	27/06/2011	-	Active	NO
10	U22200DL2012PTC233592	PRINTLAND DIGITAL (INDIA) PRIVATE LIMITED	Director	29/09/2012	28/05/2012	-	Active	NO
11	U72300DL2014PTC263832	INFINITY ASSURANCE SOLUTIONS PRIVATE LIMITED	Nominee director	30/04/2014	30/04/2014	-	Active	NO
12	U70101DL2012PTC230798	EVISTA HOMES & RESORTS PRIVATE LIMITED	Director	20/08/2014	20/08/2014	-	Active	NO

Name :

Mr. Rahul Gupta

Designation :

Director

Address :

House No.42, Sector-21b, Faridabad, Faridabad - 121001, Haryana, India

Date of Appointment :

28.03.2012

DIN No.:

00024732

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	U72200KA1999PLC025904	KMG INFOTECH LIMITED	Managing director	29/05/2001	29/05/2001	01/02/2007	Active	NO
2	U67190DL2001PTC111106	EVISTA VENTURE CAPITAL PRIVATE LIMITED	Director	01/06/2001	01/06/2001	-	Active	NO
3	L27202GJ1962PLC040548	JHAGADIA COPPER LIMITED	Director	30/10/2004	30/10/2004	30/11/2009	Active	NO
4	U72100DL2001PLC109841	INTARVO Technologies LIMITED	Director	25/09/2007	12/04/2007	03/10/2011	Active	NO
5	U72900DL2006PTC154213	INTERNATIONAL DESIGN AND ENGINEERING SOLUTIONS PRIVATE LIMITED	Director	20/04/2009	22/11/2007	18/01/2010	Active	NO
6	U74999PN2006PTC128511	TRIDIAGONAL SOLUTIONS PRIVATE LIMITED	Director	12/09/2008	17/05/2008	12/09/2012	Active	NO
7	U80302DL2008PLC178201	EDISTA TESTING INSTITUTE LIMITED	Director	30/09/2009	25/08/2008	-	Active	NO
8	U74140PN2006PTC133887	Sonoma Management Partners Private Limited	Director	30/09/2009	15/09/2008	28/03/2012	Active	NO
9	U85110KA1996PTC021578	THINK RIGHT ADVISORY SERVICES PRIVATE LIMITED	Director	17/11/2008	17/11/2008	-	Active	NO
10	L74899DL1988PLC031510	ARO GRANITE INDUSTRIES LIMITED	Director	06/09/2014	24/01/2009	-	Active	NO
11	U72200DL2008PTC180334	Servepro Warranty Services Private Limited	Director	30/09/2010	20/03/2010	15/10/2011	Active	NO
12	U74899DL1993PLC056293	QAI (INDIA) LIMITED	Director	29/09/2010	26/05/2010	-	Active	NO
13	U30107PN1996PTC016718	SOFTTECH ENGINEERS PRIVATE LIMITED	Director	24/09/2010	04/06/2010	-	Active	NO
14	U72900DL2010PTC203702	RnR Technical Services Private Limited	Director	07/06/2010	07/06/2010	15/10/2011	Active	NO
15	U72900DL2010PTC204361	INTARVO Formula G ERecycling Services Private LIMITED	Director	21/06/2010	21/06/2010	15/10/2011	Active	NO
16	U74999HR2011PTC042013	Sonoma Trustee Company Private Limited	Director	07/02/2011	07/02/2011	-	Active	NO
17	U72900DL2011PTC222079	TRICITY TECHNOLOGIES PRIVATE LIMITED	Director	07/07/2011	07/07/2011	-	Active	NO
18	U70101DL2012PTC230798	EVISTA HOMES & RESORTS PRIVATE LIMITED	Director	31/01/2012	31/01/2012	-	Active	NO
19	U22200DL2012PTC233592	PRINTLAND DIGITAL (INDIA) PRIVATE LIMITED	Director	29/09/2012	31/03/2012	-	Active	NO
20	U72300DL2014PTC263832	INFINITY ASSURANCE SOLUTIONS PRIVATE LIMITED	Director	01/05/2014	01/05/2014	-	Active	NO
21	U72200DL2006PTC155164	RIGHT GLOBAL INFOSOLUTIONS PRIVATE LIMITED	Director	30/06/2014	30/06/2014	-	Active	NO
22	AAA-3683	SONOMA ADVISORY LLP	Body corporate as Designated Partner	04/02/2011	04/02/2011	-	Active	NO

Name :

Mr. Sajit Kumar

Designation :

Additional Director

Address :

Flat No. 64, A- Wing, Iris Park, Prabhat Estate Road, Jogeshwari (West), Mumbai - 400102, Maharashtra, India

Date of Appointment :

04.03.2015

DIN No.:

00108263

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	U72300MH2000PLC125441	INDIAIDEAS COM LIMITED	Nominee director	23/03/2001	23/03/2001	29/03/2012	Active	NO
2	U85110KA1998PLC024110	WINFOWARE TECHNOLOGIES LIMITED	Nominee director	03/10/2002	03/10/2002	29/03/2010	Active	NO
3	U72900MH2004PTC146578	iSmart BUSINESS SOLUTIONS PRIVATE LIMITED	Nominee director	29/12/2004	29/12/2004	26/09/2011	Active	NO
4	U72900MH2002PTC138297	EISODUS NETWORKS PRIVATE LIMITED	Director	20/07/2005	20/07/2005	02/08/2008	Strike off	NO
5	U72300KA2003PTC033038	MANTHAN SOFTWARE SERVICES PRIVATE LIMITED	Nominee director	25/07/2005	25/07/2005	04/07/2007	Active	NO
6	U72300PN1993PTC072002	MITHI SOFTWARE TECHNOLOGIES PRIVATE LIIMITED	Nominee director	03/05/2006	03/05/2006	13/01/2010	Active	NO
7	U72900KA2000PTC026794	SKELTA SOFTWARE PRIVATE LIMITED	Nominee director	31/01/2007	31/01/2007	20/04/2010	Active	NO
8	L72900MH1996PLC096866	COMPULINK SYSTEMS LIMITED	Nominee director	25/06/2007	25/06/2007	-	Amalgamated	NO
9	U74140KA2004PTC034965	BASIL COMMUNICATIONS PRIVATE LIMITED	Nominee director	20/08/2007	20/08/2007	-	Active	NO
10	U29301KA1999PTC025387	STOVE KRAFT PRIVATE LIMITED	Nominee director	11/04/2008	11/04/2008	07/06/2012	Active	NO
11	U31902KA2007PLC044766	HHV SOLAR TECHNOLOGIES LIMITED	Nominee director	04/12/2008	12/09/2008	28/10/2009	Active	NO
12	U24230MH1980PTC023291	CENTAUR PHARMACEUTICALS PRIVATE LIMITED	Nominee director	21/04/2011	21/04/2011	03/04/2014	Active	NO
13	U72200KA1999PLC025904	KMG INFOTECH LIMITED	Nominee director	05/05/2011	05/05/2011	-	Active	NO
14	U29190KA2012PTC067387	HHV Center for Advanced Photovoltaic Technologies Private Limited	Additional director	16/02/2013	16/02/2013	12/06/2014	Active	NO
15	U67190MH2008PTC180007	SYNERGISTIC FINANCIAL NETWORKS PRIVATE LIMITED	Nominee director	11/04/2013	11/04/2013	-	Active	NO
16	U22200DL2012PTC233592	PRINTLAND DIGITAL (INDIA) PRIVATE LIMITED	Additional director	04/03/2015	04/03/2015	-	Active	NO

Name :

Mr. Hitesh Dhingra

Designation :

Director

Address :

D-49, Kirti Nagar, New Delhi-110015, India

Date of Appointment :

28.05.2012

DIN No.:

00846433

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	U72900DL2006PTC155683	CRAZYPRICING ONLINE SERVICES PRIVATE LIMITED	Director	20/11/2006	20/11/2006	29/03/2009	Amalgamated	NO
2	U72200DL2006PTC156310	Crazypricing e Tail Private Limited	Director	29/09/2007	10/02/2007	29/03/2009	Active	NO
3	U72900DL1999PTC142461	DOTXTRA SYSTEMS (INDIA) PRIVATE LIMITED	Director	29/09/2007	23/07/2007	31/03/2008	Active	NO
4	U52100DL2009PTC190550	ETREE MARKETING PRIVATE LIMITED	Director	15/06/2009	15/06/2009	20/12/2010	Active	NO
5	U72900DL2010PTC210181	Flipkart Digital Media Private Limited	Director	03/11/2010	03/11/2010	-	Active	NO
6	U24297HR2013PTC048437	HELIOS LIFESTYLE PRIVATE LIMITED	Director	27/02/2013	27/02/2013	-	Active	NO
7	U22200DL2012PTC233592	PRINTLAND DIGITAL (INDIA) PRIVATE LIMITED	Director	30/09/2013	15/03/2013	-	Active	NO
8	U74999DL2013PTC249642	TRULYMADLY MATCHMAKERS PRIVATE LIMITED	Director	21/03/2013	21/03/2013	-	Active	NO
9	U72900DL2013PTC251713	MAJAKAR ENTERTAINMENT PRIVATE LIMITED	Director	07/05/2013	07/05/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Anant
Designation :	Admin Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

LIST OF ALLOTTERS:

As on: 25.02.2015

Names of Shareholders	No. of Shares (Equity Share)
Udit bansal	40000
Evista Venture Capital Private Limited, India	20000
Sanjeev Kakar	44000
Sandeep Behl	84000
Raj Kumar Rishi	8000
Sunil Sharma	4000
Aegis Centre for Entreprenuership, India	2051
Total	202051

As on: 29.01.2015

Names of Shareholders	No. of Shares (Equity Share)
Udit bansal	10000
Sandeep Behl	10000
Sanjeev Kakar	20000
Total	40000

As on: 30.09.2014

Names of Shareholders	No. of Shares (Equity Share)	(Preference Share)
Sandeep Behl	264630	44000
Sanjeev Kakar	174600	44000
Madhu Khullar	2000	-
Pawan Kumar	5250	-
Sandeep Girotra	3500	-
Yogesh Katariya	5700	-
Hitesh Dhingra	6000	-
Amit Jain	25000	-
Aegis Centre for Entreprenuership, India	9264	-
Evista Venture Capital Private Limited, India	77900	20000
Udit bansal	10000	-
Karshni Printech LLP	150000	-
Seema Bansal	15000	-
Lakh Lakh Digital LLP	174600	-
Raj Kumar Rishi	3000	8000
Sunil Sharma	-	4000
Total	926444	120000

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2014

Category	Percentage
Bodies corporate	44.45
Directors or relatives of Directors	49.14
Others	6.41
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Mugs, pens t-shirts, key chains, corporate gifts, pen drives, diaries, mouse p clocks, mobile back cover, hoodies, bags, power bank Printing etc.
Products :	Mugs, Pens T-Shirts, Key Chains, Corporate Gifts, Pen Drives, Diaries, Mouse P Clocks, Mobile Back Cover, Hoodies, Bags, Power Bank Printing Etc.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash and Cheque
Purchasing :	Cash and Cheque

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Wholesalers and Retailers

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

150 (Approximately) (Office)

Bankers :

• Oriental Bank of Commerce, Plot No. 5 Institutional Area, Sector -32 Regional Office Gurgaon, Gurgaon-122001haryana, India
• Small Industries Development Bank of India, Videcon Tower, Ground Floor, E-1, Rani Jhansi Road, Jhandewalan Extension, New Delhi - 110055, India

Auditors :
Name :	Singhal Matta and Company Chartered Accountants
Address :	B-21, Second Floor, Lajpat Nagar-1, New Delhi-110024, India
Tel. No.:	91-11-40502921/ 41727028
Mobile No.:	91-9212253491/ 9811711531/ 9811613491
E-Mail :	Puneet.matta@gmai.com redhikamatta@rediffmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AALFS9369P
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

After as on 30.09.2014:

Authorized Capital: Rs. 37.500 Million

Issued, Subscribed & Paid-up Capital: Rs. 13.381 Million

As on 31.03.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs.10/- each	Rs. 10.000 Million
220,000	Preference shares	Rs.125/- each	Rs. 27.500 Million
	Total		Rs. 37.500 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
926,444	Equity Shares	Rs.10/- each	Rs. 9.264 Million
120,000	Preference shares	Rs.125/- each	Rs. 15.000 Million
	Total		Rs. 24.264 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	24.264	9.218	5.489
(b) Reserves & Surplus	(18.840)	0.325	3.903
(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)	5.424	9.543	9.392
(3) Non-Current Liabilities
(a) long-term borrowings	21.101	3.754	1.076
(b) Deferred tax liabilities (Net)	1.318	0.232	0.232
(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)	22.419	3.986	1.308
(4) Current Liabilities
(a) Short term borrowings	9.415	4.482	0.000
(b) Trade payables	11.626	2.804	0.694
(c) Other current liabilities	6.750	3.991	0.557
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	27.791	11.277	1.251
TOTAL	55.634	24.806	11.951
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	18.387	1.390	0.717
(ii) Intangible Assets	18.395	13.281	5.994
(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	0.957	0.675	0.675
(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	37.739	15.346	7.386
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3.039	0.602	0.239
(c) Trade receivables	13.067	7.922	1.532
(d) Cash and cash equivalents	0.641	0.471	2.545
(e) Short-term loans and advances	1.148	0.465	0.249
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	17.895	9.460	4.565
TOTAL	55.634	24.806	11.951

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	67.661	40.466	NA
		Other Income	2.105	0.534	NA
		TOTAL	69.766	41.000	NA
Less	EXPENSES
		TOTAL	79.721	50.635	NA
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(9.955)	(9.635)	NA
Less	FINANCIAL EXPENSES		2.707	0.222	NA
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(12.662)	(9.857)	NA
Less/ Add	DEPRECIATION/ AMORTISATION		5.414	2.368	NA
	PROFIT/ (LOSS) BEFORE TAX		(18.076)	(12.225)	NA
Less	TAX		0.000	0.000	NA
	PROFIT/ (LOSS) AFTER TAX		(18.076)	(12.225)	(0.498)
	Earnings Per Share (Rs.)		(19.51)	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(26.72)	(30.21)	NA
Operating Profit Margin (PBIDT/Sales)	(%)	(14.71)	(23.81)	NA
Return on Total Assets (PBT/Total Assets}	(%)	(33.06)	(50.66)	NA
Return on Investment (ROI) (PBT/Networth)		(3.33)	(1.28)	NA
Debt Equity Ratio (Total Debt /Networth)		5.63	0.86	0.11
Current Ratio (Current Asset/Current Liability)		0.64	0.84	3.65

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	5.489	9.218	24.264
Reserves & Surplus	3.903	0.325	(18.840)
Net worth	9.392	9.543	5.424
long-term borrowings	1.076	3.754	21.101
Short term borrowings	0.000	4.482	9.415
Total borrowings	1.076	8.236	30.516
Debt/Equity ratio	0.115	0.863	5.626

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	40.466	67.661
		67.205

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	40.466	67.661
Profit/Loss	(12.225)	(18.076)
	(30.21%)	(26.72%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last two years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	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

PERFORMANCE:

The revenues of the company increased by 74% from Rs. 40.466 Million to Rs. 70.424 Million. This is due to the increased penetration of the sales effort and installation of in-house production facility. Though the company has net loss in this year yet the EBIDTA i.e. Profit/Loss before Interest Depreciation and Tax has reduced from 23.50% to 14.27% on full year basis. The EBIDTA has shown consistent increase over each quarter of the year company is confident of posting profits in the coming year. The gross margins have also shown improvement from 36.50% to 40.50%.

INDEX OF CAHREGS:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10501567	22/05/2014	8,700,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	VIDECON TOWER, GROUND FLOOR, E-1, RANI JHANSI ROAD,  JHANDEWALAN EXTENSION, NEW DELHI - 110055,  INDIA	C05942016
2	10468474	06/12/2013	9,000,000.00	ORIENTAL BANK OF COMMERCE	PLOT NO. 5 INSTITUTIONAL AREA, SECTOR -32 REGIONA  L OFFICE GURGAON, GURGAON - 122001, HARYANA, INDIA	B92837707
3	10436437	12/07/2013	14,000,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	VIDEOCON TOWER, GROUND FLOOR, E-1, RANI JHANSI ROAD, JHANDEWALAN EXTENSION, NEW DELHI - 110055, INDIA	B79443123
4	10416328	06/03/2013	5,000,000.00	ORIENTAL BANK OF COMMERCE	PLOT NO. 5 INSTITUTIONAL AREA, SECTOR -32 REGIONAL OFFICE GURGAON 122001, GURGAON, HARYANA -, INDIA	B72174634

* Date of charge modification

FIXED ASSETS:

• Land
• Building
• Plant and machinery
• Furniture and Fixture
• Vehicle
• Office Equipment
• Computer Equipment
• Computer Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report: No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.56
UK Pound	1	Rs.93.56
Euro	1	Rs.67.49

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	KRN
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	-
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--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.