MIRA INFORM REPORT

Report No. :	325963
Report Date :	05.06.2015

IDENTIFICATION DETAILS

Name :	VIKRAM COMPUTEC
Registered Office :	Shop No. 1, Kamat Building, Tara Temple Lane, Lamington Road, Mumbai – 400007, Maharashtra
Tel. No.:	91-22 - 23853334, 33156182, 33157571, 6124 6190
Country :	India
Financials (as on) :	31.03.2015 [Provisional]
Year of Establishment :	19.09.2009
Capital Investment / Paid-up Capital :	Rs.2.094 Million [Provisional]
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	ABOPJ6052E
Legal Form :	Sole Proprietary Concern
Line of Business :	Subject engaged in trading of computers parts and peripherals like computer accessories, laptop, computer hardware, computer printer, tally software’s etc.
No. of Employees :	6 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established proprietary concern having satisfactory track. Subject was incorporated in 2009. It is engaged in trading of computer parts and peripherals like computer accessories, laptop, computer hardware, computer printer, tall software etc. Rating takes into consideration, low profit margin of the concern. However, liquidity position of the concern seems to be healthy. As claimed by Mr. Pravin Jain (Proprietor), subject is in process of tie-up with dell and Lenovo for getting authorized distribution-ship of Mumbai south region. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of promoter’s long experience and expertise in the line of business, the subject can be considered for 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 – 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. Pravin Jain
Designation :	Proprietor
Contact No.:	91-9324610542
Date :	04.06.2015

LOCATIONS

Registered Office :	Shop No. 1, Kamat Building, Tara Temple Lane, Lamington Road, Mumbai – 400007, Maharashtra, India
Tel. No.:	91-22-23853334, 33156182, 33157571, 6124 6190, 6128 7020, 6631 6933
Mobile No.:	91-9324610542 (Mr. Pravin Jain)
Fax No.:	91- 22-2388 7312
E-Mail :	pjvikramcomputer@gmail.com

SOLE PROPRIETOR

Name :	Mr. Pravin Popatlal Jain
Designation :	Proprietor
Address :	B/302, Amarnath CHS Limited, 60 Feet Road Sudama Nagar, Bhayander (West), Thane– 401101, Maharashtra, India
Date of Birth/Age :	01.01.1978
Qualification :	Graduate
PAN No.:	ABOPJ6052E

BUSINESS DETAILS

Line of Business :	Subject engaged in trading of computers parts and peripherals like computer accessories, laptop, computer hardware, computer printer, tally software etc.
Products :	Computer accessories Laptop Computer hardware Computer printer etc.
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

Reference :	Twinkle Systems and Services Super Computers Sun Signs Systems S B Data Systems Private Limited Miracle Tech Distributors Private Limited
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 :

Reference :	Prompt Computers New Track Computers Private Limited Micronic System Services Arora Electrovision Private Limited Pioneer IT Solution Pacific Infotech Private Limited
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 :

(Approximately)

Bankers :

Bank Name	Bank of India
Branch	Churchgate Branch
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)	Credit Limit : 10.000 Million
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Auditors :
Name :	AGKR and Company Chartered Accountants
Address :	3/1103, Navjivan Society, Lamington Road, Mumbai-400008, Maharashtra, India
Name :	K. J. Bafna and Company Chartered Accountants
Memberships :	--
Collaborators :	--
Sister Concern :	Not Available

CAPITAL STRUCTURE

CAPITAL ACCOUNT AS ON 31.03.2015 [PROVISIONAL]

[RS. IN MILLION]

PARTICULARS	AMOUNT
Capital account [Opening Balance]	2.158
Dividend received	0.000
Income Tax	(0.043)
TDS on Incentives	(0.021)
Total	2.094

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015 [Provisional]	31.03.2014	31.03.2013
PROPRIETORS FUNDS
1] Capital Account	2.094	2.210	2.178
2] Share Application Money	0.000	0.000	0.000
3] Profit and Loss Account	0.352	0.000	0.000
4] (Accumulated Losses) / Suspense Account	0.171	0.000	0.000
NETWORTH	2.617	2.210	2.178
LOAN FUNDS
1] Secured Loans	0.000	0.000	0.118
2] Unsecured Loans	1.489	0.200	0.286
TOTAL BORROWING	1.489	0.200	0.404
DEFERRED TAX LIABILITIES	0.000	0.000	0.000
TOTAL	4.106	2.410	2.582
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]	0.002	0.002	0.006
Capital work-in-progress	0.000	0.000	0.000
INVESTMENT	0.718	0.653	1.254
DEFERRED TAX ASSETS	0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
Inventories	4.338	4.070	3.852
Sundry Debtors	5.443	9.286	3.311
Cash & Bank Balances	0.360	0.194	0.262
Other Current Assets	0.000	0.000	0.000
Loans & Advances and Deposits	5.912	1.497	0.000
Total Current Assets	16.053	15.047	7.425
Less : CURRENT LIABILITIES & PROVISIONS
Sundry Creditors	12.767	13.292	6.103
Other Current Liabilities / Duty and Taxes	(0.100)	0.000	0.000
Provisions	0.000	0.000	0.000
Total Current Liabilities	12.667	13.292	6.103
Net Current Assets	3.386	1.755	1.322
MISCELLANEOUS EXPENSES	0.000	0.000	0.000
TOTAL	4.106	2.410	2.582

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015 [Provisional]	31.03.2014	31.03.2013
	SALES
	Income	83.408	95.508	56.399
	Other Income	0.155	0.076	0.493
	TOTAL	83.563	95.584	56.892
Less	EXPENSES
	Cost of Goods Sold	82.076	93.627	55.543
	freight and Courier Expenses	0.306	0.142	0.126
	Accounting Writing Charges	0.003	0.025	0.000
	Audit Fees	0.034	0.013	0.010
	Bank CC Interest	0.004	0.001	0.074
	Bank Charges	0.022	0.029	0.016
	Business Loan	0.020	0.000	0.000
	Commission	0.002	0.008	0.021
	Conveyance	0.006	0.027	0.000
	Custom Charges	0.011	0.000	0.000
	Donation	0.004	0.007	0.000
	Electricity Expenses	0.061	0.037	0.050
	Stock Transfer	0.000	0.000	0.000
	Interest Paid	0.009	0.000	0.000
	Knitec Activa Honda	0.019	0.000	0.000
	Tea Expenses	0.036	0.000	0.000
	Advance Account	0.040	0.000	0.000
	Mobile Expenses	0.001	0.000	0.000
	Office Expenses	0.043	0.026	0.025
	Office / Godown Rent	0.390	0.276	0.249
	Staff welfare Expenses	0.000	0.031	0.055
	Salary Paid	0.004	0.451	0.203
	Stationary charges	0.005	0.007	0.010
	Telephone Expenses	0.041	0.059	0.045
	Travelling Expenses	0.014	0.019	0.052
	Valuation Charges	0.005	0.000	0.000
	Website Maintenance Charges	0.001	0.002	0.000
	Other expenses	0.000	0.514	0.087
	TOTAL	83.157	95.301	56.566
Less	PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION AND AMORTISATION	0.406	0.283	0.326
Less	INTEREST	0.054	0.008	0.095
	PROFIT / (LOSS) BEFORE, DEPRECIATION AND AMORTISATION	0.352	0.275	0.231
Less/ Add	DEPRECIATION/ AMORTISATION	0.000	0.004	0.009
	PROFIT/ (LOSS)	0.352	0.271	0.222

KEY RATIOS

PARTICULARS		31.03.2015 [Provisional]	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.42	0.28	0.39
Operating Profit Margin (PBIDT/Sales)	(%)	0.49	0.30	0.58
Return on Total Assets (PBT/Total Assets}	(%)	2.19	1.80	2.99
Return on Investment (ROI) (PBT/Networth)		0.13	0.12	0.10
Debt Equity Ratio (Total Liability/Networth)		0.57	0.09	0.19
Current Ratio (Current Asset/Current Liability)		1.27	1.13	1.22

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Capital Account	2.178	2.210	2.094
Profit and Loss Account	0.000	0.000	0.352
(Accumulated Losses) / Suspense Account	0.000	0.000	0.171
Net worth	2.178	2.210	2.617
Secured Loans	0.118	0.000	0.000
Unsecured Loans	0.286	0.200	1.489
Total borrowings	0.404	0.200	1.489
Debt/Equity ratio	0.185	0.090	0.569

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	56.399	95.508	83.408
		69.343	(12.669)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	56.399	95.508	83.408
Profit	0.222	0.271	0.352
	0.39%	0.28%	0.42%

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	Yes
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	Yes
17	Details of sister concerns	No
18	Major suppliers	Yes
19	Major customers	Yes
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	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

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UNSECURED LOAN

PARTICULARS	31.03.2015 [Provisional]	31.03.2014
	(Rs. in Million)
Unsecured Loan	1.489	0.200
Total	1.489	0.200

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. POPATLAL JAIN [GUARANTOR]

[RS. IN MILLION]

PARTICULARS	AMOUNT
ASSETS
Fixed assets	--
Immovable Property
Flat	4.000
Investments	---
Gold and Jewellery	--
Cash and Bank Balance	0.100
TOTAL OF ASSETS [A]	4.100
LIABILITIES
TOTAL OF LIABILITIES [B]	0.000
NETWORTH [A-B]	4.100

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MRS. KAMLABEN POPATLAL JAIN [GUARANTOR]

[RS. IN MILLION]

PARTICULARS	AMOUNT
ASSETS
Fixed assets	--
Immovable Property
Flat 50 % (MV)	4.000
Investments	---
Gold and Jewellery	0.500
Cash and Bank Balance	---
TOTAL OF ASSETS [A]	4.500
LIABILITIES
Unsecured loans	0.200
TOTAL OF LIABILITIES [B]	0.200
NETWORTH [A-B]	4.300

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

[RS. IN MILLION]

Purpose of valuation

To determine the fair market value

Date of Valuation

14.03.2015

Name of the owner

Mrs. Kamlaben P Jain and Mr. Popatlal Jain

Address

Amarnath CHS Limited, ‘B’ Wing, Flat No.302, 3^rd Floor, Sudama Nagar, 60 Feet Road, Bhayander (West), Mumbai, Maharashtra, India

What is the Carpet area of the flat

436 Sq.ft.

Built Up area of the flat

545 Sq.ft.

The owner are in exclusive possession / usage of terrace area admeasuring 250 Sq. Feet. They have covered the roof of terrace area with G.I. Sheet.

RATE

Analyzing the comparable sale instance in the adjoining locality what is the composite rate

The prevailing market rate is about Rs.7000/- to Rs.10000/- per Sq. Feet. However we have adopted the Rate of Rs.9500/- per Sq. Feet.

Breakup of the above rate

Building + Services :

Flat: Rs.9500/- per Sq. Feet.

Land + Others :

Terrace: Rs.5500/- per Sq. Feet.

Depreciated composite rate

Depreciated Building rate :

Flat: Rs.9500/- per Sq. Feet.

Land + Others :

Terrace: Rs.5500/- per Sq. Feet.

TOTAL COMPOSITE RATE

Flat: Rs.9500/- per Sq. Feet.

Terrace: Rs.5500/- per Sq. Feet.

VALUATION DETAILS

DESCRIPTION	RATE / PRESENT VALUE
Present value of building, Superfine Finish, Electricity, Water, Drainage, Deposits, Electrical Fittings, Special Fittings, Extra Collapsible Gates/Grill etc., Potential Value if any, Share of Common Amenities	Flat: Rs.9500/- per Sq. Feet. Terrace: Rs.5500/- per Sq. Feet.

VALUATION

PARTICULARS	AREA IN SQ. FEET	RATE IN RS.	VALUE
Flat	545	9500/-	5.178
Terrace	250	5500/-	1.375
Furniture and Fixture and Inventories			2.000
Total			8.553

PARTICULARS	DESCRIPTION	AMOUNT
Fair Market Value		8.553
Distress Sale Value	80% of the Fair Market Value	6.842
Reconstruction Value	545 Sq. Feet @ Rs.2000/- per Sq. Feet.	1.090

This valuation is purely an opinion and has no legal or contractual obligation on our part.

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.64.17
UK Pound	1	Rs.98.30
Euro	1	Rs.72.25

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	SAN
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION		0
--BUSINESS SCALE	1~10
--PROFITABILITY	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		44

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.