MIRA INFORM REPORT

Report No. :	336014
Report Date :	11.08.2015

IDENTIFICATION DETAILS

Name :	ADROIT CIRCUIT LOGIX PRIVATE LIMITED
Registered Office :	9-1-1-8/1, Hashim Nagar, Lungar House, Hyderabad – 500008, Telangana
Tel. No.:	91-40-65892536
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	27.11.2010
Com. Reg. No.:	36-071412
Capital Investment / Paid-up Capital :	1400 Euro
CIN No.: [Company Identification No.]	U31109TG2010PTC071412
IEC No.:	Not Available
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 and Importer of PCB Board.
No. of Employees :	51 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a private limited company incorporated in the year 2010, having moderate track. Management has failed to file its financials to the government department since 2011. Further, Mr. Gulam Samdani (Director), provided all information and further he claimed that subject has achieved turnover of 78571 Euro in 2014, which has not been verified. However, trade relations are fair. Business is active: Payment terms are reported to be unknown. The company can be considered for business dealings with fully safe and secured trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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 31-03-2013.

INFORMATION PARTED BY

Name :	Mr. Samdani Gulam
Designation :	Director
Contact No.:	91-9573585400
Date :	10.08.2015

LOCATIONS

Registered Office :	9-1-1-8/1, Hashim Nagar, Lungar House, Hyderabad – 500008, Telangana, India
Tel. No.:	91-40-65892536/37
Mobile No.:	91-9573585400 (Mr. Samdani Gulam)
Fax No.:	Not Available
E-Mail :	srisaiservicesforall@gmail.com
Website :	www.adroit-circuit.com
Location:	Rented
Locality:	Commercial
Factory :	Ramachandrapuram, Medak, Hyderabad, Telangana, India
Sales Office:	Tolichowki, Hyderabad, Telangana, India

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Samdani Gulam
Designation :	Director
Address :	9-1-1/8/1, Hashim Nagar, Langer House, Hyderabad - 500008, Telangana, India
Date of Birth/Age :	16.08.1981
Date of Appointment :	27.11.2010
DIN No.:	03277115
Name :	Mrs. Ayesha Jabeen
Designation :	Director
Address :	9-1-1/8/1, Hashim Nagar, Langer House, Hyderabad - 500008, Telangana, India
Date of Birth/Age :	24.04.1982
Date of Appointment :	27.11.2010
DIN No.:	03277132

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares	%age holding
Samdani Gulam	5000	50.00
Ayesha Jabeen	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2011

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Importer of PCB Board.
Products :	PCB Board
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :
Products :	Raw Material
Countries :	Taiwan Italy
Terms :
Selling :	L/C, Cash and Credit
Purchasing :	L/C, Cash and Credit

PRODUCTION STATUS: NOT AVAILABLE

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 :

51(Approximately)

Bankers :

Banker Name	Axis Bank
Branch Address	Rajendranagar, Mandal, Hyderabad, Telangana, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
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

Auditors :
Name :	Nagallapati and Associates Chartered Accountant
Address :	H.No.2-2-1136/4, Flat No.303, Sai Vishnu Aparts, New Nallakunta, Hyderabad – 500044, Telangana, India
PAN N Income-tax PAN of auditor or auditor's firm :	ADUPN3755E
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Euro 0.14	1400 Euro

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Euro 0.14	1400 Euro

FINANCIAL DATA

[all figures are in Euro]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		1400
2] Share Application Money		0
3] Reserves & Surplus		319
4] (Accumulated Losses)		0
NETWORTH		1719
LOAN FUNDS
1] Secured Loans		0
2] Unsecured Loans		0
TOTAL BORROWING		0
DEFERRED TAX LIABILITIES		0
TOTAL		1719
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0
Capital work-in-progress		0
INVESTMENT		0
DEFERREX TAX ASSETS		0
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0
	Sundry Debtors	1046
	Cash & Bank Balances	682
	Other Current Assets	0
	Loans & Advances	286
Total Current Assets		2014
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	337
	Other Current Liabilities	71
	Provisions	143
Total Current Liabilities		551
Net Current Assets		1463
MISCELLANEOUS EXPENSES		286
Others		(30)
TOTAL		1719

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2011
	SALES
	Income	5802
	Other Income	0
	TOTAL (A)	5802
Less	EXPENSES
	Purchases	3222
	Salaries	686
	Office Rent	514
	Administrative and Other Expenses	847
	Preliminary expenses written off	71
	TOTAL (B)	5340
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	462
Less	FINANCIAL EXPENSES (D)	0
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	462
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	462
Less	TAX (H)	143
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	319
	Earnings / (Loss) Per Share (Rs.)	2.23

Particulars	31.03.2015	31.03.2014
Sales Turnover (Approximately)	107143	78571

Expected Sales (2015-2016) : 142857 Euro

The above information has been parted by Mr. Samdani Gulam

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2011
Current Maturities of Long term debt	NA
Cash generated from operations	NA
Net cash flows from (used in) operations	NA

KEY RATIOS

PARTICULARS		31.03.2011
Net Profit Margin (PAT / Sales)	(%)	5.50
Operating Profit Margin (PBIDT/Sales)	(%)	7.96
Return on Total Assets (PBT/Total Assets}	(%)	0.00
Return on Investment (ROI) (PBT/Networth)		0.08
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		1.38

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	Yes
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

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 records 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.63.76
UK Pound	1	Rs.98.76
Euro	1	Rs.69.88

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KIN
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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		11

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.