MIRA INFORM REPORT

Report No. :	306635
Report Date :	16.02.2015

IDENTIFICATION DETAILS

Name :	V D INTELLISYS TECHNOLOGIES PRIVATE LIMITED
Registered Office :	126, 2^nd floor, Mall Road, Kingsway Camp, GTB Nagar, Delhi-110009, Delhi
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	28.05.2010
Com. Reg. No.:	55-203285
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U72900DL2010PTC203285
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELV10272D
PAN No.: [Permanent Account No.]	AADCV2990E
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of PCB Table, CRO Machine etc.
No. of Employees :	60 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (15)

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 small company having a moderate track. Management of the company failed to file its financial after 2012 with government department. As per financials of 2012, company seems to be small. However, trade relations are reported to be fair. Business is active. Payments are reported to be unknown. The company can be considered for small to medium business dealings on 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 – 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 (GENERAL DETAILS)

Name :	Mr. Tarun
Designation :	Sales Manager
Contact No.:	91-9971004998
Date :	10.02.2015

LOCATIONS

Registered Office :	126, 2^nd floor, Mall Road, Kingsway Camp, GTB Nagar, Delhi-110009, Delhi, India
Tel. No.:	91-11-43464998
Mobile No.:	91-9971004998 (Mr. Tarun)
Fax No.:	91-11-45020591
E-Mail :	deoarshi@yahoo.co.in jovy@chiptroniks.com
Area :	Owned
Location :	Commercial
Admin Office :	69, 2^nd Floor, Mall Road, Kingsway Camp, Delhi – 110009, India
Tel. No.:	91-11-43464998/ 47592046
Fax No.:	91-11-45020591

DIRECTORS

As on 30.09.2012

Name :

Mr. Vishal Devarsi

Designation :

Director

Address :

126, 2^nd floor, Mall Road, Kingsway Camp, Delhi-110007, Delhi, India

Date of Birth/Age :

01.04.1982

Date of Appointment :

28.05.2010

DIN No.:

02526184

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	U72900DL2010PTC203285	V D INTELLISYS TECHNOLOGIES PRIVATE LIMITED	Director	28/05/2010	28/05/2010	-	Active	NO
2	U72900DL2011PTC215018	A V CHIPTRONIKS TECHNOLOGY PRIVATE LIMITED	Director	01/03/2011	01/03/2011	-	Active	NO

Name :

Mr. Vikas Devarsi

Designation :

Director

Address :

126, 2^nd floor, Mall Road, Kingsway Camp, Delhi-110007, Delhi, India

Date of Birth/Age :

02.08.1987

Date of Appointment :

28.05.2010

DIN No.:

02526193

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	U72900DL2010PTC203285	V D INTELLISYS TECHNOLOGIES PRIVATE LIMITED	Director	28/05/2010	28/05/2010	-	Active	NO
2	U72900DL2011PTC215018	A V CHIPTRONIKS TECHNOLOGY PRIVATE LIMITED	Director	01/03/2011	01/03/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Tarun
Designation :	Sales Manager

MAJOR SHAREHOLDERS

As on: 30.09.2013

Names of Shareholders	No. of Shares
Devarshi Vishal	5000
Devarshi Vikas	5000
TOTAL	10000

As on: 30.09.2013

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, Exporter and Importer of PCB Table, CRO Machine etc.
Products :	PCB Table CRO Machine
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Products :	Finished Goods
Countries :	South Africa Saudi Arabia Middle east China
Imports :
Products :	Raw Materials
Countries :	China
Terms :
Selling :	Cash and Credit
Purchasing :	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
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Wholesalers, Retailers and Manufacturer

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

No. of Employees :

60 (Approximately)

Bankers :

Banker Name	ICICI Bank
Branch Address	Narang House, 21, Kasturaba Ghandhi Marg, Connaught Place, Delhi – 110001, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	91-11-23325087
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)	Number out of Service.

Auditors :
Name :	K. P. Sinha and Associates Chartered Accountants
Address :	AP 22C, AP block, Pritampura, New delhi-110088, Delhi, India
Tel No:	91-11-45271483
Mob No:	91-9871167311 / 9350841690 / 8510004951
E-mail:	seemasrivastvaca@gmail.com
PAN No.:	BNMPS9531A
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on: 30.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	0.213	0.147
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	0.313	0.247
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.006	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.006	0.000
(4) Current Liabilities
(a) Short term borrowings	1.250	0.800
(b) Trade payables	0.000	0.000
(c) Other current liabilities	0.265	0.219
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	1.515	1.019
TOTAL	1.834	1.266
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.401	0.163
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	0.401	0.163
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.608	0.296
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.495	0.807
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.330	0.000
Total Current Assets	1.433	1.103
TOTAL	1.834	1.266

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL	5.153	2.328
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	NA	NA
	PROFIT BEFORE TAX		NA	NA
Less	TAX		NA	NA
	PROFIT AFTER TAX		0.065	0.147
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		0.147	0.000
	BALANCE CARRIED TO THE B/S		0.212	0.147
	Earnings Per Share (Rs.)		6.5	14.7

Particulars	31.03.2013
Sales Turnover (Approximately)	6.000

The above information has been parted by Mr. Rahul (Manager)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	280.97	183.89
Return on Investment (ROI) (PBT/Networth)		16.46	9.43
Debt Equity Ratio (Total Debt /Networth)		3.99	3.24
Current Ratio (Current Asset/Current Liability)		0.95	1.08

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.100	0.100
Reserves & Surplus	0.147	0.213
Net worth	0.247	0.313
long-term borrowings	0.000	0.000
Short term borrowings	0.800	1.250
Total borrowings	0.800	1.250
Debt/Equity ratio	3.239	3.994

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)
Total Income	2.328	5.153
		121.349

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)
Sales	2.328	5.153
Profit	0.147	0.065
	6.31%	1.26%

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	No
12]	Profitability for last two 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)	Yes
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	No
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

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2013	As on 31.03.2012
SHORT TERM BORROWING	1.250	0.800
Total	1.250	0.800

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Computer and Laptops
• Electric Motor
• Furniture

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.62.13
UK Pound	1	Rs.95.72
Euro	1	Rs.71.05

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	RAS
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		15

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.