MIRA INFORM REPORT

Report No. :	338368
Report Date :	26.08.2015

IDENTIFICATION DETAILS

Name :	MPS TELECOM PRIVATE LIMITED
Registered Office :	D-55, 1st and 2nd Floor, Okhla Industrial Area, Phase-1, New Delhi-110020
Mob No.:	91-9999411729 (Mr. Sachin Garg)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.06.2013
Com. Reg. No.:	55-254029
Capital Investment / Paid-up Capital :	Rs. 350.000 Million
CIN No.: [Company Identification No.]	U64200DL2013PTC254029
IEC No.:	0513027751
TAN No.: [Tax Deduction & Collection Account No.]	DELM22550D
PAN No.: [Permanent Account No.]	AAICM6530C
Legal Form :	Private Limited Liability Company
Line of Business :	Trading of Mobile Handset and Mobile Accessories, etc.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (41)

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

Maximum Credit Limit :	USD 1111000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the Year 2013 and it is a Delhi-based company that is the sole distributor of HTC Corp for North and West India. Subject is a company having satisfactory track record. The reflect the company’s national distributorship of mobility products for HTC Corp for North and West India supported by above-average financial risk profile and fair profit margins of the company. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of aforesaid, 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.

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	CRISIL
Rating	Long Term Rating=BBB
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	30.08.2014
Rating Agency Name	CRISIL
Rating	Short Term Rating=A3+
Rating Explanation	Moderate degree of safety and higher credit risk
Date	30.08.2014

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 DECLINED BY

Name :	Mr. Sachin Garg
Designation :	Director
Contact No.:	91-9999411729
Date :	25.08.2015

LOCATIONS

Registered Office :	D-55, 1st and 2nd Floor, Okhla Industrial Area, Phase-1, New Delhi-110020, India
Tel. No.:	Not Available
Mobile No.:	91-9999411729 (Mr. Sachin Garg)
Fax No.:	Not Available
E-Mail :	ac@sushiljain.com info@mpsindia.net
Website :	http://www.mpsindia.net

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Sachin Garg

Designation :

Director

Address :

A-34, Sunder Appartment., Rohini Sector - 14, New Delhi-110085, Delhi, India

Date of Birth/Age :

19.12.1979

Date of Appointment :

17.06.2013

DIN No.:

03320351

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	U74899DL1988PTC033934	OMKAM CAPITAL MARKETS PRIVATE LIMITED	Director	01-07-2011	04-11-2010	-	Active	NO
2	U74899DL1992PTC048378	OMKAM COMMODITIES PRIVATE LIMITED	Director	30-09-2011	07-07-2011	-	Active	NO
3	U24100DL2011PTC226761	OMKAM PHARMACEUTICALS PRIVATE LIMITED	Director	25-10-2011	25-10-2011	-	Active	NO
4	U64202DL1988PTC030192	MPS INFORMATICS PRIVATE LIMITED	Director	28-09-2012	02-08-2012	-	Active	NO
5	U01111DL2008PLC181188	ONUS PLANTATIONS AND AGRO LIMITED	Director	03-09-2014	13-03-2013	-	Active	NO
6	U55101DL2010PTC205286	OMKAM INNS PRIVATE LIMITED	Director	17-09-2013	15-05-2013	-	Active	NO
7	U64200DL2013PTC254029	MPS TELECOM PRIVATE LIMITED	Director	17-06-2013	17-06-2013	-	Active	NO
8	U64100DL2013PTC255111	MPS TELECOM RETAIL PRIVATE LIMITED	Director	09-07-2013	09-07-2013	-	Active	NO
9	U74899DL1995PTC074248	OMKAM GLOBAL CAPITAL PRIVATE LIMITED.	Director	30-09-2013	10-07-2013	-	Active	NO
10	L74899HR1994PLC038300	ADVIK LABORATORIES LIMITED	Managing director	30-09-2014	31-07-2013	-	Active	NO
11	U45209DL2008PTC283780	MPS STRUCTURES PRIVATE LIMITED	Additional director	19-08-2013	19-08-2013	05-09-2013	Active	NO
12	U74900DL2013PTC260053	THIRD INNING IMPEX PRIVATE LIMITED	Director	07-11-2013	07-11-2013	18-03-2014	Active	NO
13	U74899DL1994PTC060081	OMKAM SECURITIES PRIVATE LIMITED	Director	30-09-2014	12-11-2013	-	Active	NO
14	U52599DL1996PTC081737	MPS EXIM PRIVATE LIMITED	Director	30-09-2014	29-04-2014	-	Active	NO
15	L74899DL1994PLC057572	B. P. CAPITAL LIMITED	Managing director	30-09-2014	13-08-2014	-	Active	NO
16	U15520DL2008PTC183454	NIRVANA BIOSYS PRIVATE LIMITED	Additional director	25-08-2014	25-08-2014	-	Active	NO
17	U70109DL2014PTC274038	SQUARE YARDS ESTATES PRIVATE LIMITED	Director	11-12-2014	11-12-2014	-	Active	NO
18	U70102DL2014PTC274035	ADVANTA BUILDWELL PRIVATE LIMITED	Director	11-12-2014	11-12-2014	-	Active	NO
19	U55101DL2010PTC205272	OMKAM RETREAT PRIVATE LIMITED	Additional director	14-03-2015	14-03-2015	-	Active	NO
20	U62100DL2008PLC179774	ONSHORE SHIPPING LIMITED.	Additional director	19-03-2015	19-03-2015	-	Active	NO
21	U55101DL2010PTC206656	OMKAM RESORTS PRIVATE LIMITED	Additional director	20-03-2015	20-03-2015	-	Active	NO

Name :

Mr. Vikas Chandra

Designation :

Additional Director

Address :

UGF-2, Plot No.- 129, Sector- 4, Vaishali, Ghaziabad-201010, Uttar Pradesh, India

Date of Appointment :

18.03.2015

DIN No.:

02270100

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	Company/ LLP Status	Defaulting status
1	U74899DL1988PTC031203	KISHORE EXPORTS INDIA PRIVATE LIMITED	Director	24-12-2013	24-12-2013	Active	NO
2	U51909DL2011PTC212320	EASYCOM NETWORK PRIVATE LIMITED	Director	14-03-2014	14-03-2014	Active	NO
3	U74899DL1994PTC062964	TRAVANCORE MARKETING PRIVATE LIMITED	Director	26-09-2014	29-08-2014	Active	NO
4	U64200DL2013PTC254029	MPS TELECOM PRIVATE LIMITED	Additional director	18-03-2015	18-03-2015	Active	NO
5	U64100DL2013PTC255111	MPS TELECOM RETAIL PRIVATE LIMITED	Additional director	30-03-2015	30-03-2015	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Peeyush Kumar Aggarwal	2625000	7.50
G R A Enterprises Private Limited, India	32375000	92.50
Total	35000000	100.00

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	92.50
Other top fifty shareholders	7.50
Total	100.00

BUSINESS DETAILS

Line of Business :	Trading of Mobile Handset and Mobile Accessories, etc.
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
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 A/C Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (Cc/Od/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· Indusind Bank Limited

Dr. Gopal Das Bhawan, 28, Barakhamba Road, New Delhi, Delhi - 110001, India

· State Bank of India

Commercial Branch, N-3, South Extension-I, New Delhi - 110049, Delhi, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)
SHORT TERM BORROWINGS
Working capital loans from banks	181.685
Total	181.685

Banking Relations :	--
Auditors :
Name :	RMA and Associates Chartered Accountants
Address :	48, UG-2, Hasanpur, I.P. Extension, Delhi- 110092, India
Income-tax PAN of auditor or auditor's firm :	AAFFR4388F
Memberships :	--
Collaborators :	--
Holding Company:	G R A Enterprises Private Limited, India (U72300DL2007PTC168866)

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
35000000	Equity Shares	Rs. 10/- each	Rs. 350.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
35000000	Equity Shares	Rs. 10/- each	Rs. 350.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	350.000
(b) Reserves & Surplus	38.945
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	388.945
(3) Non-Current Liabilities
(a) Long-term borrowings	19.510
(b) Deferred tax liabilities (Net)	0.402
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	19.912
(4) Current Liabilities
(a) Short term borrowings	181.685
(b) Trade payables	397.921
(c) Other current liabilities	100.772
(d) Short-term provisions	0.000
Total Current Liabilities (4)	680.378
TOTAL	1089.235
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	8.905
(ii) Intangible Assets	2.986
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	11.891
(2) Current assets
(a) Current investments	0.000
(b) Inventories	234.468
(c) Trade receivables	228.870
(d) Cash and cash equivalents	534.996
(e) Short-term loans and advances	69.103
(f) Other current assets	9.907
Total Current Assets	1077.344
TOTAL	1089.235

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014
	SALES
		Revenue from Operation	3864.543
		Other Income	NA
		TOTAL	NA
Less	EXPENSES
		TOTAL	NA
	PROFIT BEFORE TAX		58.649
Less	TAX		19.704
	PROFIT AFTER TAX		38.945
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	144.782
	TOTAL EARNINGS		144.782
	Earnings Per Share (Rs.)		1.11

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014
Current Maturities of Long term debt	NA
Cash Generated from Operations	NA
Net Cash Flow from (used in) Operations	198.725

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	1.01
Return on Total Assets (PBT/Total Assets}	(%)	5.38
Return on Investment (ROI) (PBT/Networth)		0.15
Debt Equity Ratio (Total Liability/Networth)		0.52
Current Ratio (Current Asset/Current Liability)		1.58

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

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)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
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	Yes
26	Turnover of firm for last one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last one year	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	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10457138	17/10/2013	500,000,000.00	INDUSIND BANK LIMITED	DR. GOPAL DAS BHAWAN, 28, BARAKHAMBA ROAD, NEW DE LHI, DELHI - 110001, INDIA	B88314372
2	10446672	06/02/2015 *	600,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, N-3, SOUTH EXTENSION-1, NEW DE LHI, DELHI - 110042, INDIA	C44052314

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)
LONG-TERM BORROWINGS
Other loans and advances	19.510
Total	19.510

CORPORATE INFORMATION:

MPS Telecom Private Limited (?the company?) incorporated in India on 17rd June, 2013 is a company. The company is a Private company Limited by Shares. The registered office of the company is situated at D-55, 1st and 2nd Floor Okhla Industrial Area, Phase -1 Delhi 110020.

The company is in the business of Trading Mobile Phones, Accessories and other IT product and providing services in the area of Marketing and sales promotion.

SHIFTING OF REGISTERED OFFICE:

During the year Registered office of the Company was shifted from 702-A, Arunachal building, 19, Barakhamba Road, Connaught Place to D-55, Ist and IInd floor, Okhla Industrial Area, Phase-I, New Delhi- 11002, India.

FIXED ASSETS:

Tangible Assets

· Buildings

· Other Equipment

· Furniture and Fixtures

· Office Equipment

· Computer Equipments

Intangible Assets

· 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. 66.71
UK Pound	1	Rs. 105.10
Euro	1	Rs. 77.11

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	KAR
Report Prepared by :	IND

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--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		41

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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.