MIRA INFORM REPORT

Report No. :	320199
Report Date :	29.04.2015

IDENTIFICATION DETAILS

Name :	DOTCAD PRIVATE LIMITED
Registered Office :	41, 4th Floor, White House, Panchwati, Ahmedabad - 380006, Gujarat, India
Tel No. :	91-79-26563200
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.12.1987
Com. Reg. No.:	04-010181
Capital Investment / Paid-up Capital :	Rs.0.300 Million
CIN No.: [Company Identification No.]	U30000GJ1987PTC010181
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Divulged
PAN No.: [Permanent Account No.]	Not Divulged
Legal Form :	Private Limited Liability Company
Line of Business :	Service provider and system integrator for IT solution
No. of Employees :	30 (Approximately)

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and healthy. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition.

NOTES :

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

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. Vrajesh Patel
Designation :	Accountant
Contact No.:	91-79-26447928
Date :	28.04.2015

LOCATIONS

Registered/ Head Office :	41, 4th Floor, White House, Panchwati, Ahmedabad - 380006, Gujarat, India
Tel. No.:	91-79-26563200/ 26447928/26427490
	91-9825007700 (Mr. Shaishav M. Singh)
Fax No.:	91-79-26427490
E-Mail :	sales@dotcad.in shaishav.singh@dotcad.in
Website :	http://www.dotcad.in
Location :	Owned
Locality :	Commercial
Area :	1500 Sq. ft.
Branch Office :	101/B, Yogeshwar Apartment, 18/A, Nutan Bharat Society, Alkapuri, Baroda-390007, Gujarat, India

DIRECTORS

As on 27.09.2014

Name :	Mr. Shaishav Manmohan Singh
Designation :	Whole Time Director
Address :	B/93, Tirithbhumi Apartments, Law-Garden, Ellisbridge, Ahmedabad-380006, Gujarat, India
Date of Birth/Age :	28.08.1963
Date of Appointment :	03.12.1987
DIN No.:	01112766
Name :	Mr. Manmohan Ayodhya Singh
Designation :	Director
Address :	8, Sugam Bunglows, Near Auda Garden, Prahladnagr, Vejaipur, Ahmedabad-380051, Gujarat, India
Date of Birth/Age :	15.06.1931
Date of Appointment :	15.07.2002
DIN No.:	01123586

KEY EXECUTIVES

Name :	Mr. Vrajesh Patel
Designation :	Accountant

MAJOR SHAREHOLDERS

As on 27.09.2014

Names of Shareholders	No. of Shares
Shaishav Manmohan Singh	2800
Harjyoti Shaishav Singh	200
Total	3000

As on 27.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and Dealer of Computer Peripherals.
Products :	Not divulged
Brand Names :	Not divulged
Agencies Held :	CITRIX MICROSOFT SYMANTEC NET APP FORTINET HP
Exports :	Not divulged
Imports :	Not divulged
Terms :
Selling :	Cash and Credit (30/60/90 Days)
Purchasing :	Cash and Credit (30/60/90 Days)

GENERAL INFORMATION

Suppliers :

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

Customers :

End Users

· Zydus

· Torrent Power

· Alembic

· Sanghi Cement

· Electrothem

· IFFCO

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

No. of Employees :

30 (Approximately)

Bankers :

Banker Name	Indian Overseas Bank
Branch Address	Ashram Road, Ahmedabad - 380009, Gujarat, India
Person Name (With Designation)	Mr. D. Ramnathan (Chief Manager)
Contact Number	91-79-26587362
Name of Account Holder	M/S DOT CAD PRIVATE LIMITED
Account Number	035302000001105
Account Since (Date/Year of Account Opening)	01.12.1992
Average Balance Maintained (If Possible)	Not divulged
Credit Facilities Enjoyed (If any)	Cash Credit = 6.100 Million
Account Operation	Satisfactory.
Remarks (If any)	Account has been maintained satisfactorily.

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
From Banks
Rupee Loan
Indian Overseas Bank (DIS – 2555)	0.000	0.016
Bank of India (Secured by pledge of FD of company and director)	0.000	0.515
Indian Overseas Bank (Secured by pledge of FD of company and director)	0.000	0.075
Total	0.000	0.606

Auditors :
Name :	Mukesh R. Chokshi and Company Chartered Accountants
Address :	401/A, Harekrishna Complex, Opposite Kothawala Flats, Near Pritam Nagar, Paldi, Ashram Road, Ahmedabad - 380006, Gujarat, India
Tel. No.:	91-79-6576819/6612504
PAN No.:	AAPPC8784Q
Other Related Parties :	Veens Food Innovations Private Limited
Collaborators :	Not divulged
Associates/Subsidiaries :	Not divulged

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.100/- each	Rs.0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3000	Equity Shares	Rs.100/- each	Rs.0.300 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.300	0.300	0.300
(b) Reserves & Surplus	37.960	33.081	30.820
(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)	38.260	33.381	31.120
(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	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.606	0.671
(b) Trade payables	19.508	38.257	25.274
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	2.200	7.400	5.500
Total Current Liabilities (4)	21.708	46.263	31.445
TOTAL	59.968	79.644	62.565
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.711	1.701	2.179
(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	38.506	26.426	20.859
(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	40.217	28.127	23.038
(2) Current assets
(a) Current investments	1.361	1.361	1.361
(b) Inventories	0.861	1.356	1.610
(c) Trade receivables	12.516	39.074	24.647
(d) Cash and cash equivalents	0.538	0.073	2.002
(e) Short-term loans and advances	4.475	9.653	9.907
(f) Other current assets
Total Current Assets	19.751	51.517	39.527
TOTAL	59.968	79.644	62.565

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Gross Revenue	152.108	183.422	147.763
	Other Income	NA	NA	NA
	TOTAL (A)	NA	NA	NA
Less	EXPENSES
	TOTAL (B)	NA	NA	NA
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	8.107	6.693	10.166
Less	FINANCIAL EXPENSES (D)	0.257	0.362	0.149
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	7.850	6.331	10.017
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.414	0.515	0.511
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	7.436	5.816	9.506
Less	TAX (I)	2.558	1.900	3.000
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	4.878	3.916	6.506
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (K)	33.079	30.819	26.113
Less	APPROPRIATIONS
	Interim Dividend [Including Tax]	0.000	1.656	1.800
	Total (M)	0.000	1.656	1.800
	Balance Carried to the B/S (J+K+L-M)	37.957	33.079	30.819
	IMPORTS
	Sold on High Sea Basis	0.000	0.931	1.596
	Import of Software	0.147	0.000	0.000
	TOTAL IMPORTS	0.147	0.931	1.596
	Earnings / (Loss) Per Share (Rs.)	1626.00	1305.67	2169

Particulars	31.03.2015
Sales Turnover (Approximately)	180.000

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	3.21	2.13	4.40
Operating Profit Margin (PBDIT / Sales)	(%)	5.33	3.65	6.88
Return on Total Assets (PBT/Total Assets}	(%)	34.65	10.93	22.79
Return on Investment (ROI) (PBT/Networth)		0.19	0.17	0.31
Debt Equity Ratio (Total Debt /Networth)		0.00	0.02	0.02
Current Ratio (Current Asset/Current Liability)		0.91	1.11	1.26

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	0.300	0.300	3.000
Reserves & Surplus	30.820	33.081	37.960
Net worth	31.120	33.381	40.960
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.671	0.606	0.000
Total borrowings	0.671	0.606	0.000
Debt/Equity ratio	0.022	0.018	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)
Gross Revenue	147.763	183.422	152.108
		24.133	(17.072)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Gross Revenue	147.763	183.422	152.108
Profit	6.586	3.916	4.878
	4.46%	2.13%	3.21%

LOCAL AGENCY FURTHER INFORMATION

CURRENT MATURITY OF LONG TERM DEBT = NOT AVAILABLE

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	Yes
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

INDEX OF CHARGES

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	80019438	15/12/2006 *	2,500,000.00	INDIAN OVERSEAS BANK	ASHRAM ROAD, AHMEDABAD - 380009, GUJARAT, INDIA	-

* Date of charge modification

FIXED ASSETS

· Plant and Machinery

· Air Conditioner

· Electrical Installation

· Office Equipments

· Furniture and Fixtures

· Vehicles

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.63.33
UK Pound	1	Rs.96.51
Euro	1	Rs.68.93

INFORMATION DETAILS

Information Gathered by :	PRP
Analysis Done by :	KAR
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		45

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.