MIRA INFORM REPORT

Report No. :	305234
Report Date :	04.02.2015

IDENTIFICATION DETAILS

Name :	DATAFIELD INDIA PRIVATE LIMITED
Registered Office :	No. 481, Dr. Nanjappa Road, Coimbatore - 641018, Tamilnadu
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.06.1992
Com. Reg. No.:	18-003777
Capital Investment / Paid-up Capital :	Rs. 9.945 Millions
CIN No.: [Company Identification No.]	U31103TZ1992PTC003777
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 Exporter of Telephone Cord Sets and Special Cables Mobile Phone Charger Cables, Detonator Cables, LAN Cables, Lead Wires.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 460000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. General financial position of the company is sound. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for normal business dealings at usual 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 – 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.

LOCATIONS

Registered Office :	No. 481, Dr Nanjappa Road, Coimbatore - 641018, Tamilnadu, India
Tel. No.:	91-422-2913151
Fax No.:	Not Available
E-Mail :	datafiels.finance@gmail.com
Website :	www.datafieldindia.com
Headquarters :	119/1B and 2B, Mudalipalyam Road, Arasur P.O. Coimbatore – 641407, Tamilnadu, India
Tel. No.:	91-422-2913152

DIRECTORS

As on 05.09.2014

Name :

Mr. Munukur Kuppuraj Kannan

Designation :

Director

Address :

60 Malaviya Street, Ramnagar, Coimbatore – 641009, Tamilnadu, India

Date of Birth/Age :

18.09.1933

Date of Appointment :

04.06.1992

DIN No.:

00496805

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	U01549TZ1976PTC000767	ASOKA BETELNUT COMPANY PRIVATE LIMITED	Director	30/10/1990	30/10/1990	-	Active	NO
2	U31103TZ1992PTC003777	DATAFIELD INDIA PRIVATE LIMITED	Managing director	04/06/1992	04/06/1992	-	Active	NO
3	U32204TZ2001PTC010005	INDO SPAN POLY YARN PRIVATE LIMITED	Director	01/01/2002	01/01/2002	-	Active	NO

Name :

Mr. Munukur Kannan Madhumati

Designation :

Chairman cum Managing director

Address :

60 Malaviya Street, Ramnagar, Coimbatore – 641009, Tamilnadu, India

Date of Birth/Age :

19.05.1960

Date of Appointment :

04.06.1992

DIN No.:

00496726

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ DesignatedPartner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U01549TZ1976PTC000767	ASOKA BETELNUT COMPANY PRIVATE LIMITED	Director	30/10/1990	30/10/1990	-	Active	NO
2	U31103TZ1992PTC003777	DATAFIELD INDIA PRIVATE LIMITED	Managing director	04/06/1992	04/06/1992	-	Active	NO
3	U32204TZ2001PTC010005	INDO SPAN POLY YARN PRIVATE LIMITED	Director	01/01/2002	01/01/2002	-	Active	NO

Name :

Mr. Kumar Anantha Mk

Designation :

Director

Address :

59 Malaviya Street, Ramnagar, Coimbatore – 641009, Tamilnadu, India

Date of Birth/Age :

09.10.1949

Date of Appointment :

04.06.1992

DIN No.:

00489849

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	U01549TZ1976PTC000767	ASOKA BETELNUT COMPANY PRIVATE LIMITED	Managing director	01/04/1977	01/04/1977	-	Active	NO
2	U31103TZ1992PTC003777	DATAFIELD INDIA PRIVATE LIMITED	Director	04/06/1992	04/06/1992	-	Active	NO

Name :

Mr. Munukur Krishnachetty Kuppuraj

Designation :

Whole Time Director

Address :

60 Malaviya Street, Ramnagar, Coimbatore – 641009, Tamilnadu, India

Date of Birth/Age :

11.06.1962

Date of Appointment :

25.07.1998

DIN No.:

00496921

Other Directorship :

KEY EXECUTIVES

Name :	P.K. Krishnamurthy
Designation :	Company Secretary
Address :	XXVIII/731, K.P. Vallon Road, Kadavanthra, Ernakulam – 682 020, Kochi, India
Tele-fax No. :	91-484-2322498
Residential No.:	91-484-2314641
Experience :	pkkmurthy9@eth.net pkkishmu@yahoo.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 05.09.2014

Names of Shareholders	No. of Shares
M.K. Kuppuraj	100
K.Hema	13500
M.K. Kannan	163700
Madhumati Kannan	287100
Madhumati Kannan& M.K. Kannan	480500
M.K.Ananthakumar	25000
M.A. Geethalakshmi	11500
Dr. V.G. Mohan Prasad	11000
Radha Prasad	2000
P. Veena	100
Total	994500

As on 05.09.2014

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 :	Manufacturer and Exporter of Telephone Cord Sets and Special Cables Mobile Phone Charger Cables, Detonator Cables, LAN Cables, Lead Wires.
Products :	Tinned Terminal Coil Cord with Gromett Crimmped with Y terminal Stopper Pin Over moulding on Cable Over moulding on Flat Cable
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

• Canara Bank, MID Corporate Branch, 16 and 18 Arokiasamy Road East, Coimbatore – 641002, Tamilnadu, India

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Loan Repayable in Demand
Working capital limits from bank	47.669	55.311
Total	47.669	55.311

Auditors :
Name :	Suri and Company Chartered Accountant Chartered Accountants
Address :	2^nd Floor Amm Building, 354, Mettupalayam Road, Coimbatore – 641043, Tamilnadu, India
Tel. No.:	91-422-2433627/2440720
PAN No.:	AABFS5023Q
Memberships :	Not Available
Collaborators :	Not Available
Enterprise Over Which the Persons Described In Has Significant Influence :	Indo Span Poly-Yarn Private Limited ABC Data Equipments

CAPITAL STRUCTURE

As on 05.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
994500	Equity Shares	Rs.10/- each	Rs. 9.945 Millions

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	9.945	9.945	9.945
(b) Reserves & Surplus	152.021	140.499	133.325
(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)	161.966	150.444	143.270
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	2.595	2.938	2.876
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.525	0.492	0.387
Total Non-current Liabilities (3)	3.120	3.430	3.263
(4) Current Liabilities
(a) Short term borrowings	47.669	55.311	50.377
(b) Trade payables	5.824	5.300	14.797
(c) Other current liabilities	17.868	14.830	15.945
(d) Short-term provisions	5.227	5.761	3.661
Total Current Liabilities (4)	76.588	81.202	84.780
TOTAL	241.674	235.076	231.313
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	66.383	71.496	66.924
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1.408	1.352	1.140
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	67.791	72.848	68.064
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	85.579	56.454	67.466
(c) Trade receivables	77.017	94.107	78.733
(d) Cash and cash equivalents	3.658	3.438	8.253
(e) Short-term loans and advances	7.629	8.229	8.797
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	173.883	162.228	163.249
TOTAL	241.674	235.076	231.313

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	375.953	365.620	297.489
	Other Income	NA	NA	NA
	TOTAL	NA	NA	NA
Less	EXPENSES	NA	NA	NA
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	37.566	30.133	24.414
Less	FINANCIAL EXPENSES	3.738	5.848	4.293
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	33.828	24.285	20.121
Less/ Add	DEPRECIATION/ AMORTISATION	11.385	10.652	10.380
	PROFIT/ (LOSS) BEFORE TAX	22.443	13.633	9.741
Less	TAX	0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	22.443	13.633	9.741
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	50.175	43.494	62.504
	TOTAL EARNINGS	50.175	43.494	62.504
	Earnings / (Loss) Per Share (Rs.)	22.57	13.71	9.79

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	5.97	3.73	3.27
Operating Profit Margin (PBDIT / Sales)	(%)	9.99	8.24	8.21
Return on Total Assets (PBT/Total Assets}	(%)	9.29	5.80	4.21
Return on Investment (ROI) (PBT/Networth)		0.14	0.09	0.07
Debt Equity Ratio (Total Debt /Networth)		0.29	0.37	0.35
Current Ratio (Current Asset/Current Liability)		2.27	2.00	1.93

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	9.945	9.945	9.945
Reserves & Surplus	133.325	140.499	152.021
Net worth	143.270	150.444	161.966
long-term borrowings	0.000	0.000	0.000
Short term borrowings	50.377	55.311	47.669
Total borrowings	50.377	55.311	47.669
Debt/Equity ratio	0.352	0.368	0.294

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)
Sales	297.489	365.620	375.953
		22.902	2.826

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	297.489	365.620	375.953
Profit	9.741	13.633	22.443
	3.27%	3.73%	5.97%

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	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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

FINANCIAL HIGHLIGHTS:

The company has registered a tumover of Rs375.953 Millions (Rs, 365.620 Millions) in the twenty second year of operation. The gross profit before interest and depreciation works out to Rs.37.566 l Millions. The net profit before tax for the year is Rs. 22.443 Millions after considering interest of Rs. 3.738 Millions and depreciation of Rs. 11.386 Millions.

With the change in the profile of the hand phone market, the company is trying hard to satisfy all the players in the field.

While the power situation has improved currently, human resources and productivity has been a huge challenge. Most of the manufacturing was designed around this. Much of effort has been in ensuring that the production was done with these two shortcomings which were unavoidable. The surprise interpretations of the taxation and the money blocked in refundable taxes that are not refunded due to certain provisions in the law are making it difficult to work. lt seems that we are spending more time in combating taxation and interpretation of laws than that of production shortcomings. The Company has been continuously refurbishing existing machines.

FUTURE OUTLOOK

The expectations of the new government is slowly turning into the reality of the situation. The company not being indebted other than for working capital, is ready for any capital expenditure for targeted investment for future products.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90327802	13/09/2014 *	67,380,000.00	CANARA BANK	MID Corporate Branch, 16&18 Arokiasamy Road East,  R.S. Puram, Coimbatore, Tamil Nadu - 641002, INDIA	C25067935

* Date of charge modification

FIXED ASSETS

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

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.61.73
UK Pound	1	Rs.92.71
Euro	1	Rs.69.94

INFORMATION DETAILS

Analysis Done by :	DIV
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	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	7
--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		50

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.