MIRA INFORM REPORT

Report No. :	312580
Report Date :	16.03.2015

IDENTIFICATION DETAILS

Name :	HCL TECHNOLOGIES LIMITED
Registered Office :	806, Siddharth, 96, Nehru Place, New Delhi – 110 019
Country :	India
Financials (as on) :	30.06.2014
Date of Incorporation :	12.11.1991
Com. Reg. No.:	55-046369
Capital Investment / Paid-up Capital :	Rs. 1400.000 Million
CIN No.: [Company Identification No.]	L74140DL1991PLC046369
TAN No.: [Tax Deduction & Collection Account No.]	DELH01586E/ DELH02634C
PAN No.: [Permanent Account No.]	AAACH1645P
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Subject is primarily engaged in providing a range of software services, business process outsourcing and infrastructure services.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Aa (81)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 450000000
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having excellent track record. Financial position of the company seems to be sound. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitments. The company can be considered normal 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 – 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	ICRA
Rating	Fund based working Capital facilities : AAA
Rating Explanation	Highest degree of safety and carry lowest credit risk
Date	September, 2014

Rating Agency Name	ICRA
Rating	Non Fund based working Capital requirement : A1+
Rating Explanation	Have very strong degree of safety and carry lowest credit risk
Date	September, 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 31-03-2014.

LOCATIONS

Registered Office :	806, Siddharth, 96, Nehru Place, New Delhi – 110 019, India
Tel. No.:	91-11-26444812
Fax No.:	91-11-26436336
E-Mail :	manishanand@hcl.com investors@hcl.com
Website :	www.hcltech.com www.hcl.com
Branch Office:	Surya Sapphire, Plot No:3 1st Phase Electronic City Hosur Road, Bangalore – 560100, Karnataka, India
Secretarial Office :	A-9, 10 and 11, Sector – 3, Noida – 201 301, Uttar Pradesh, India
Tel. No.:	91-120-2520917, 2520937, 2520997
Fax No.:	91-120-2526907
Software Development Centre :	Located at: · Chennai · Gurgaon · Kolkata · Noida · Hyderabad · Bangalore · Pune · Mumbai

DIRECTORS

As on 30.06.2014

Name :

Mr. Shiv Nadar

Designation :

Managing director

Address :

44, Friends Colony (East), New Delhi – 110 065, India

Date of Birth/Age :

18.07.1945

Date of Appointment :

01.04.2014

DIN No.:

00015850

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	U65993DL1980PLC180124	HCL CORPORATION LIMITED	Director	27-03-1980	27-03-1980	-	Amalgamated	NO
2	L74140DL1991PLC046369	HCL TECHNOLOGIES LIMITED	Managing director	01-04-2014	11-01-1993	-	Active	NO
3	U74899DL1993PLC056665	HCL COMNET SYSTEMS & SERVICES LIMITED	Director	29-12-1993	29-12-1993	19-02-2010	Active	NO
4	U80100TG1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	08-09-2005	08-09-2005	30-08-2014	Active	NO
5	U67190DL2008PTC183192	KIRANROSHNI INVESTMENTS (CHENNAI) PRIVATE LIMITED	Director	11-09-2008	11-09-2008	26-11-2008	Active	NO
6	U65993DL2008PTC183190	SHIVKIRAN INVESTMENTS (CHENNAI) PRIVATE LIMITED	Director	11-09-2008	11-09-2008	26-11-2008	Active	NO
7	U67190DL2008PTC183176	VAMA SUNDARI INVESTMENTS (CHENNAI) PRIVATE LIMITED	Director	28-09-2010	11-09-2008	-	Active	NO
8	U67190DL2008PTC183175	BLUEBERRY INVESTMENTS (CHENNAI) PRIVATE LIMITED	Director	28-09-2010	11-09-2008	-	Active	NO
9	U67190DL2008PTC183191	GUDDU INVESTMENTS (CHENNAI) PRIVATE LIMITED	Director	28-09-2010	11-09-2008	-	Active	NO
10	U67190DL2008PTC183199	SKN INVESTMENTS (CHENNAI) PRIVATE LIMITED	Director	28-09-2010	12-09-2008	20-06-2014	Active	NO
11	U65920DL2008PTC183201	SHIV NADAR INVESTMENTS (CHENNAI) PRIVATE LIMITED	Director	12-09-2008	12-09-2008	26-11-2008	Active	NO
12	U67190DL2008PTC183197	SSN INVESTMENTS (CHENNAI) PRIVATE LIMITED	Director	12-09-2008	12-09-2008	26-11-2008	Active	NO
13	U67190DL2008PTC183200	SLOCUM INVESTMENTS (CHENNAI) PRIVATE LIMITED	Director	30-09-2014	12-09-2008	-	Active	NO
14	U67190DL2008PTC183196	JULIAN INVESTMENTS (CHENNAI) PRIVATE LIMITED	Director	28-09-2010	12-09-2008	-	Active	NO
15	U65923DL2008PTC183852	VAMA SUNDARI INVESTMENTS (PONDI) PRIVATE LIMITED	Additional director	23-06-2014	30-09-2008	03-08-2014	Active	NO
16	U65190DL2008PTC183838	SHIV NADAR INVESTMENTS (PONDI) PRIVATE LIMITED	Director	30-09-2008	30-09-2008	26-11-2008	Active	NO
17	U67120DL2008PTC183853	SSN INVESTMENTS (PONDI) PRIVATE LIMITED	Director	29-09-2014	30-09-2008	-	Active	NO
18	U74120DL2008PTC183849	HCL CORPORATION PRIVATE LIMITED	Director	17-09-2011	30-09-2008	-	Active	NO
19	U65190DL2008PTC183850	SLOCUM INVESTMENTS (PONDI) PRIVATE LIMITED	Director	29-09-2010	30-09-2008	-	Active	NO
20	U65923DL2008PTC184901	SSN INVESTMENTS (DELHI) PRIVATE LIMITED	Director	14-11-2008	14-11-2008	10-12-2008	Active	NO
21	U65923HR2008PTC046945	SHIVKIRAN INVESTMENTS (DELHI) PRIVATE LIMITED	Director	29-09-2012	14-11-2008	-	Amalgamated	NO
22	U65923HR2008PTC046946	SLOCUM INVESTMENTS (DELHI) PRIVATE LIMITED	Director	17-09-2011	14-11-2008	-	Amalgamated	NO
23	U65923DL2008PTC185182	GUDDU INVESTMENTS (DELHI) PRIVATE LIMITED	Director	24-11-2008	24-11-2008	10-12-2008	Active	NO
24	U65923DL2008PTC185181	SHIV NADAR INVESTMENTS (DELHI) PRIVATE LIMITED	Director	24-11-2008	24-11-2008	10-12-2008	Active	NO
25	U65923HR2008PTC046947	VAMA SUNDARI INVESTMENTS (DELHI) PRIVATE LIMITED	Director	29-09-2012	24-11-2008	-	Active	NO
26	U80302KA2005NPL036676	CENTER FOR STUDY OF SCIENCE TECHNOLOGY AND POLICY	Director	18-08-2009	18-08-2009	28-06-2014	Active	NO
27	U80211DL2012NPL232487	VAMA SUNDARI EDUCATION	Director	06-03-2012	06-03-2012	-	Active	NO
28	U80901DL2012NPL232516	SLOCUM EDUCATION	Director	07-03-2012	07-03-2012	-	Active	NO
29	U70102DL2012PTC246146	SLOCUM INFRASTRUCTURE PRIVATE LIMITED	Director	13-12-2012	13-12-2012	17-12-2012	Active	NO
30	U85120DL2013PTC253062	HCL HEALTHCARE PRIVATE LIMITED	Director	29-05-2013	29-05-2013	-	Active	NO
31	U80903DL2013NPL260655	VIDYAGYAN FOUNDATION	Director	23-11-2013	23-11-2013	-	Active	NO
32	AAD-4734	SHIV NADAR & SANJAY KALRA ASSOCIATES LLP	Designated Partner	02-03-2015	02-03-2015	-	Active	NO

Name :

Ms. Roshni Nadar Malhotra

Designation :

Non-Executive & Non-Independent Director

Name :

Ms. Robin Ann Abrams

Designation :

Director

Address :

751, Linden Avenue, Los Altos CA94022 – 94022, USA

Date of Birth/Age :

12.05.1951

Date of Appointment :

04.12.2014

DIN No.:

00030840

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	L74140DL1991PLC046369	HCL TECHNOLOGIES LIMITED	Director	04-12-2014	13-09-1999	-	Active	NO

Name :

Mr. Amal Ganguli

Designation :

Director

Address :

J-6/7, DLF Qutab, Enclave Phase II, Gurgaon – 122 002, Haryana, India

Date of Birth/Age :

17.10.1939

Date of Appointment :

04.12.2014

DIN No.:

00013808

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	U74899DL1993PTC051811	M L INFOMAP PRIVATE LIMITED	Director	20-01-1993	20-01-1993	-	Active	NO
2	U72200DL1991PLC046909	FLEXTRONICS SOFTWARE SYSTEMS LIMITED	Director	08-01-2001	08-01-2001	-	Amalgamated	NO
3	L74140DL1991PLC046369	HCL TECHNOLOGIES LIMITED	Director	04-12-2014	08-05-2003	-	Active	NO
4	L35921TN1949PLC002905	TUBE INVESTMENTS OF INDIA LIMITED	Director	02-06-2003	02-06-2003	29-07-2010	Active	NO
5	L51909DL1986PLC024222	SAMTEL COLOR LIMITED	Director	10-10-2003	10-10-2003	02-02-2007	Active	NO
6	L92111DL1988PLC033099	NEW DELHI TELEVISION LIMITED	Director	14-05-2004	14-05-2004	-	Active	NO
7	L17120MH1897PLC000163	CENTURY TEXTILE AND INDUSTRIES LIMITED	Director	25-07-2014	31-07-2004	04-11-2014	Active	NO
8	U34103MP2005PLC017319	AVTEC LIMITED	Director	23-06-2014	27-07-2005	-	Active	NO
9	L74999DL1991PLC042749	ICRA LIMITED	Director	12-06-2006	30-03-2006	25-07-2014	Active	NO
10	U64202DL1992PLC048053	HUGHES COMMUNICATIONS INDIA LIMITED	Director	30-09-2014	20-04-2006	-	Active	NO
11	L34103DL1981PLC011375	MARUTI SUZUKI INDIA LIMITED	Director	05-09-2006	05-09-2006	-	Active	NO
12	L64200MH1986PLC039266	TATA COMMUNICATIONS LIMITED	Director	13-09-2006	13-09-2006	16-10-2014	Active	NO
13	U93090MH2006PTC165286	PINEBRIDGE INVESTMENTS TRUSTEE COMPANY (INDIA) PRIVATE LIMITED	Director	15-12-2006	15-12-2006	05-10-2012	Active	NO
14	U65993DL2006PLC149728	ARICENT TECHNOLOGIES (HOLDINGS) LIMITED	Director	29-09-2014	06-08-2007	-	Active	NO
15	U24239AP2005PTC047518	LAURUS LABS PRIVATE LIMITED	Director	13-06-2013	30-08-2007	-	Active	NO
16	L15421UP1932PLC022174	TRIVENI ENGINEERING AND INDUSTRIES LIMITED	Director	29-12-2009	19-01-2009	10-05-2011	Active	NO
17	L64200MH1995PLC086354	TATA TELESERVICES (MAHARASHTRA) LIMITED	Director	13-08-2009	24-03-2009	25-09-2014	Active	NO
18	L29110UP1995PLC041834	TRIVENI TURBINE LIMITED	Director	06-09-2011	10-05-2011	-	Active	NO
19	L26943RJ1976PLC001705	MANGALAM CEMENT LTD	Director	29-07-2013	11-02-2013	-	Active	NO

Name :

Mr. Srinivasan Ramanathan

Designation :

Non-Executive Director

Address :

47, Kasturi Ranga Road, Alwarpet, Chennai – 600 018, Tamilnadu, India

Date of Birth/Age :

08.06.1946

Date of Appointment :

04.12.2015

DIN No.:

00575854

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	U74300MH1970PTC014617	FCBULKA ADVERTISING PRIVATE LIMITED	Director	07-08-1996	07-08-1996	06-07-2007	Active	NO
2	U74300HR1985PTC043225	INTERFACE COMMUNICATIONS PRIVATE LIMITED	Director	29-11-1996	29-11-1996	06-07-2007	Active	NO
3	L52599TN1961PLC028758	REDINGTON (INDIA) LIMITED	Director	18-10-2014	01-07-2006	-	Active	NO
4	U65999TN2005PLC069447	EASYACCESS FINANCIAL SERVICES LIMITED	Director	03-05-2013	25-01-2008	-	Active	NO
5	L74140DL1991PLC046369	HCL TECHNOLOGIES LIMITED	Director	04-12-2014	19-04-2011	-	Active	NO

Name :

Mr. Sudhindar Krishan Khanna

Designation :

Non-Executive Director

Date of Appointment :

01.04.2014

DIN No.:

01529178

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	U74899DL1992PTC047193	NUVISTAS CONSULTANTS PRIVATE LIMITED	Director	15-01-1997	15-01-1997	-	Active	NO
2	L01551KA1999PLC024991	UNITED SPIRITS LIMITED	Director	28-11-2007	01-06-2007	04-07-2013	Active	NO
3	U45200TG2005PTC047562	FACET CONSTRUCTION ENGINEERING PRIVATE LIMITED	Director	05-11-2007	20-08-2007	28-03-2014	Active	NO
4	U51900MH1992PTC068988	NAVBHARAT ARCHIVE XPRESS PRIVATE LIMITED	Additional director	26-10-2007	26-10-2007	09-05-2013	Active	NO
5	L17120MH1871PLC000005	PENINSULA LAND LIMITED	Director	13-08-2008	31-01-2008	-	Active	NO
6	U55100MH2004PTC148815	SPLENDOUR HOSPITALITY PRIVATE LIMITED	Director	27-03-2008	27-03-2008	-	Active	NO
7	U74210MH2003PLC143207	BLUE STAR DESIGN AND ENGINEERING LIMITED	Director	26-09-2008	02-04-2008	11-05-2012	Active	NO
8	U74140MH2006PTC190543	IEP ADVISORS PRIVATE LIMITED	Director	07-05-2008	07-05-2008	30-04-2009	Active	NO
9	U66010DL2007PLC248825	CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED	Director	13-08-2014	22-05-2008	-	Active	NO
10	U26942TG1984PLC004951	MY HOME INDUSTRIES LIMITED	Director	04-09-2008	22-05-2008	23-03-2010	Active	NO
11	U91990MH2010NPL211312	W P ORGANISATION (MUMBAI CHAPTER)	Director	23-12-2010	23-12-2010	01-07-2012	Active	NO
12	U51909KL1989PLC005465	INNOVATIVE FOODS LIMITED	Director	24-11-2011	13-04-2011	-	Active	NO
13	U24236DL1986PTC023504	R.G. SCIENTIFIC ENTERPRISES Private Limited	Nominee director	30-09-2011	20-04-2011	-	Active	NO
14	U55101DL2011PTC215385	SAGAR RATNA RESTAURANTS PRIVATE LIMITED	Additional director	16-06-2011	16-06-2011	10-10-2011	Active	NO
15	U67100MH2009PTC191898	IEP FUND ADVISORS PRIVATE LIMITED	Director	20-10-2011	20-10-2011	28-11-2013	Active	NO
16	L74140DL1991PLC046369	HCL TECHNOLOGIES LIMITED	Director	01-04-2014	03-11-2011	-	Active	NO
17	L65910KL1992PLC006623	MANAPPURAM FINANCE LIMITED	Director	02-08-2012	17-05-2012	06-02-2013	Active	NO
18	U85120DL2007PTC170348	AXISS DENTAL PRIVATE LIMITED	Nominee director	23-05-2012	23-05-2012	-	Active	NO
19	U63090KA2011PTC075225	STARTREK LOGISTICS PRIVATE LIMITED	Director	01-11-2012	01-11-2012	-	Active	NO
20	U74999MH2005PTC153465	STARGAZE CONSULTING SERVICES PRIVATE LIMITED	Additional director	29-12-2014	29-12-2014	-	Active	NO

Name :

Mr. Srikant Madhav Datar

Designation :

Non-Executive Director

Date of Appointment :

22.10.2012

DIN No.:

01893883

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	L72200PN1990PLC059594	KPIT TECHNOLOGIES LIMITED	Director	06-07-2007	26-03-2007	24-07-2012	Active	NO
2	L74140DL1991PLC046369	HCL TECHNOLOGIES LIMITED	Director	22-10-2012	24-07-2012	04-12-2014	Active	NO

Name :

Mr. Sosale Shankara Sastry

Designation :

Non-Executive Director

Date of Appointment :

04.12.2014

DIN No.:

05331243

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	L74140DL1991PLC046369	HCL TECHNOLOGIES LIMITED	Director	04-12-2014	24-07-2012	-	Active	NO

Name :

Mr. Keki Mistry

Designation :

Non-Executive and Independent Director

Date of Appointment :

04.12.2014

DIN No.:

00008886

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	L70100MH1977PLC019916	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	Managing director	14-11-2010	01-02-1993	-	Active	NO
2	U45200MH1981PLC023708	HDFC DEVELOPERS LIMITED	Director	14-03-1996	14-03-1996	15-07-2010	Active	NO
3	U65991MH1999PLC123026	HDFC TRUSTEE COMPANY LIMITED	Director	08-06-2000	08-06-2000	18-12-2007	Active	NO
4	U67190MH2000PTC123712	INDIA VALUE FUND ADVISORS PRIVATE LIMITED	Director	18-07-2000	18-07-2000	09-01-2015	Active	NO
5	L65923GJ1986PLC008809	GRUH FINANCE LIMITED	Director	28-07-2000	28-07-2000	-	Active	NO
6	U99999MH2000PTC129112	INTELENET GLOBAL SERVICES PRIVATE LIMITED	Director	01-09-2009	11-10-2000	07-07-2011	Amalgamated	NO
7	U99999MH2000PLC128245	HDFC STANDARD LIFE INSURANCE COMPANY LIMITED	Director	12-12-2000	12-12-2000	-	Active	NO
8	U65990MH1988GAP047081	ASSOCIATION OF LEASING AND FINANCIAL SERVICES COMPANIES	Director	10-01-2001	10-01-2001	01-08-2011	Active	NO
9	U66010MH2002PLC134869	HDFC ERGO GENERAL INSURANCE COMPANY LIMITED	Director	14-02-2002	14-02-2002	-	Active	NO
10	L24230GJ1993PLC019050	SUN PHARMACEUTICAL INDUSTRIES LIMITED	Director	27-09-2014	28-08-2002	-	Active	NO
11	L55101TN1996PLC036595	MAHINDRA HOLIDAYS & RESORTS INDIA LIMITED	Director	07-02-2003	07-02-2003	26-03-2007	Active	NO
12	L35110MH1948PLC006472	THE GREAT EASTERN SHIPPING COMPANY LIMITED	Director	25-09-2014	14-03-2003	29-09-2014	Active	NO
13	L65920MH1994PLC080618	HDFC BANK LIMITED	Director	13-07-2012	27-03-2003	-	Active	NO
14	U22100MH2004PLC149173	NEXT GEN PUBLISHING LIMITED	Director	31-01-2005	31-01-2005	-	Active	NO
15	U65990MH1987PLC044571	INFRASTRUCTURE LEASING AND FINANCIAL SERVICES LIMITED	Nominee director	23-11-2006	23-11-2006	05-12-2013	Active	NO
16	U74140MH2006PTC164125	IVF ADVISORS PRIVATE LIMITED	Director	21-06-2007	21-06-2007	27-02-2008	Active	NO
17	U63090MH2002PLC136326	GREATSHIP (INDIA ) LIMITED	Director	20-09-2014	04-12-2007	-	Active	NO
18	U65991MH1999PLC123027	HDFC ASSET MANAGEMENT COMPANY LIMITED	Director	02-07-2008	24-12-2007	-	Active	NO
19	L99999MH1982PLC026903	SHRENUJ AND COMPANY LIMITED	Director	08-09-2009	01-09-2008	-	Active	NO
20	L31200GJ2004PLC044068	TORRENT POWER LIMITED	Director	28-07-2014	28-01-2010	-	Active	NO
21	U67120MH2005PLC155188	BSE Limited	Director	29-06-2011	22-06-2010	14-08-2014	Active	NO
22	U93000MH2012NPL237056	H T PAREKH FOUNDATION	Director	19-10-2012	19-10-2012	-	Active	NO
23	L74140DL1991PLC046369	HCL TECHNOLOGIES LIMITED	Director	04-12-2014	15-04-2013	-	Active	NO

Name :

Mr. Subramanian Madhavan

Designation :

Non-Executive and Independent Director

Date of Appointment :

04.12.2014

DIN No.:

06451889

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	L74140DL1991PLC046369	HCL TECHNOLOGIES LIMITED	Director	04-12-2014	15-01-2013	-	Active	NO
2	U74999DL2012PTC232785	SHOPKHOJ CONTENT PRIVATE LIMITED	Director	30-09-2013	20-01-2013	-	Active	NO
3	U22120DL2004PLC164728	UFO MOVIEZ INDIA LIMITED	Director	20-11-2014	20-11-2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Manish Anand
Designation :	Company Secretary
Address :	A-10 & 11, Sector - 3, Noida – 201301, Uttar Pradesh, India
Tel.	91-120-2520917 / 937 / 997
Fax:	91-120-2526907
E-mail:	manishanand@hcl.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.12.2014

Category of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Bodies Corporate	306311072	43.61
Any Others (Specify)	5600474	0.80
Directors/Promoters & their Relatives & Friends	394	0.00
Trusts	5600080	0.80
Sub Total	311911546	44.41
(2) Foreign
Bodies Corporate	119548908	17.02
Sub Total	119548908	17.02
Total shareholding of Promoter and Promoter Group (A)	431460454	61.43
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	19203870	2.73
Financial Institutions / Banks	600205	0.09
Insurance Companies	6323054	0.90
Foreign Institutional Investors	203756970	29.01
Any Others (Specify)	600	0.00
Foreign Bank	600	0.00
Sub Total	229884699	32.73
(2) Non-Institutions
Bodies Corporate	15177412	2.16
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	16618026	2.37
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	2282025	0.32
Any Others (Specify)	6948313	0.99
Trusts	526698	0.07
Foreign Nationals	50506	0.01
Non Resident Indians	2732945	0.39
Overseas Corporate Bodies	9062	0.00
Clearing Members	526326	0.07
Hindu Undivided Families	202940	0.03
Foreign Corporate Bodies	2899836	0.41
Sub Total	41025776	5.84
Total Public shareholding (B)	270910475	38.57
Total (A)+(B)	702370929	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	702370929	0.00

BUSINESS DETAILS

Line of Business :

Subject is primarily engaged in providing a range of software services, business process outsourcing and infrastructure services.

Products :

Item Code No.	Product Description
852490	Software

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

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
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

Customers :

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

No. of Employees :

Not Available

Bankers :

• Citibank N.A., Global Corporate and Investment Banking, DLF Centre, 5^th Floor, Parliament Street, New Delhi – 110 001, India
• Deutsche Bank AG, Corp. Office - DLF Square, 4^th Floor, Jacaranda Marg, DLF City, Phase – II, Gurgaon – 122 002, Haryana, India
• Standard Chartered Bank, Corporate and Institutional Banking, Credit Operations, H -2, Connaught Circus, New Delhi – 110 001, India
• State Bank of India, Corporate Accounts Group Branch, 11^th /12^th Floor, Jawahar Vyapar Bhawan 1, Tolstoy Marg, New Delhi – 110 001, India

Facilities :

Secured Loan	30.06.2014 (Rs. in Millions)	30.06.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Debentures
8.80% Secured redeemable non-convertible debentures of Rs.1.000 million each (repayable on 10^th September, 2014)	0.000	5000.000
From banks
Long term loans	274.500	323.300
From others
Finance lease obligations	0.000	3.300
Total	274.500	5326.600

NOTE:-

1. These debentures have a maturity period of five years redeemable at par and are secured against computers, software’s, plant and machinery, receivables from subsidiaries and specified land and building of the Company.

2. Secured by hypothecation of gross block of vehicles of Rs.760.200 Million (Previous year Rs. 688.000 Million) at interest rates ranging from 8%. To 11%. The loans are repayable over a period of 3 to 5 years on a monthly basis.

3. Obligations under finance lease are secured by vehicles taken on lease at interest rates ranging from 8% to 11%.

Auditors :
Name :	S.R. Batllboi and Company Chartered Accountants
Address :	Golf View Corporate Tower B, Sector 42, Sector Road, Gurgaon – 122 002, Haryana, India
PAN N Income-tax PAN of auditor or auditor's firm :	AALFS0506L
Memberships :	--
Collaborators :	--
Direct Subsidiaries :	HCL Comnet Systems and Services Limited HCL Comnet Limited HCL Bermuda Limited HCL Technologies (Shanghai) Limited HCL Eagle Limited
Step down Subsidiaries :	HCL Great Britain Limited HCL (Netherlands) BV HCL Belgium NV HCL GmbH HCL Singapore Pte. Limited HCL Sweden AB HCL Italy SLR HCL Australia Services Pty. Limited HCL (New Zealand) Limited HCL Hong Kong SAR Limited HCL Japan Limited HCL America Inc. HCL Holdings GmbH HCL Global Processing Services Limited HCL BPO Services (NI) Limited HCL (Malaysia) Sdn. Bhd. HCL Technologies Solutions Limited (formerly known as HCL EAI Services Limited) HCL Poland sp. z o.o HCL EAS Limited HCL Insurance BPO Services Limited HCL Expense Management Services Inc. Axon Group Limited Bywater Limited Axon Solutions Schweiz Gmbh Axon Solutions Pty. Limited Axon Solutions Inc. Axon Acquisition Company, Inc. Axon Solutions Limited Axon Solutions Sdn. Bhd. Axon Solutions Singapore Pte. Limited Axon Solutions (Shanghai) Co. Limited HCL Axon (Proprietary) Limited JSPC- I Solutions Sdn. Bhd. JSP Consulting Sdn. Bhd. Axon Solution (Canada) Inc.* HCL Argentina s.a. HCL Mexico S. de R.L. HCL Technologies Romania s.r.l. HCL Hungary Limited HCL Latin America Holding LLC HCL (Brazil) Technologia da informacao Ltda. HCL Technologies Denmark Apps HCL Technologies Norway AS PT. HCL Technologies Indonesia Limited HCL Technologies Philippines Inc. HCL Technologies South Africa (Proprietary) Limited HCL Arabia LLC HCL Technologies France Filial Espanola De HCL Technologies S.L. (Spain) Anzospan Investments Pty Limited HCL Investments (UK) Limited HCL America Solutions Inc. (Formerly known as HCL Technologies Product Design Services inc.) HCL Technologies Canada Inc. and Axon Solution (Canada) Inc. amalgamated w.e.f. 1 July 2012 and formed a new entity Axon Solutions (Canada) Inc.
Employee benefit trusts :	HCL Technologies Limited Employees Trust Axon Group Plc Employee Benefit Trust No. 3 Axon Group Plc Employee Benefit Trust No. 4 HCL South Africa Share Ownership Trust(incorporated w.e.f 22 February 2013)
Jointly controlled entities :	NEC HCL System Technologies Limited, India (up to 26 April, 2013)
Associates :	Statestreet HCL Services (India) Private Limited
Significant influence	Vama Sundari Investments (Delhi) Private Limited (Slocum investments (Delhi) Private Limited merged with Vama Sundari Investments (Delhi) Private Limited) w.e.f 22 March 2013) HCL Corporation Private Limited HCL Infosystems Limited HCL Holding Private Limited HCL Insys Pte Ltd., Singapore Digilife Distribution and Marketing Services Limited

CAPITAL STRUCTURE

AFTER 04.12.2014

Authorised Capital : Rs. 1500.000 Million

Issued, Subscribed & Paid-up Capital : 1405.696 Million

As on 30.06.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
750000000	Equity Shares	Rs.2/- each	Rs.1500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
699976381	Equity Shares	Rs.2/- each	Rs.1400.000 Millions

TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

The Company has only one class of shares referred to as equity shares having a par value of `2/-. Each holder of equity shares is entitled to one vote per share.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

RECONCILIATION OF THE NUMBER OF SHARES OUTSTANDING AT THE BEGINNING AND AT THE END OF THE REPORTING PERIOD

Particulars	As at 30^th June, 2014
	No. of shares	Amount (Rs. In millions)
Number of shares at the beginning	696869857	139.37
Add: Shares issued on exercise of employee stock options	3106524	0.63
Add: Shares issued under scheme of arrangement	0.000	0.000
Number of shares at the end	699976381	140.00

The Company does not have any holding/ ultimate holding company.

* Absolute amount equals to Rs. 20,250

DETAILS OF SHAREHOLDERS HOLDING MORE THAN 5 % SHARES IN THE COMPANY:-

Particulars	As at 30^th June, 2014
	No. of shares	% holding in the class
Equity shares of Rs.2 each fully paid
Vama Sundari Investments (Delhi) Private Limited *	300048512	42.87%
HCL Holdings Private Limited	119548908	17.08%

As per the of the Company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.

AGGREGATE NUMBER OF BONUS SHARES ISSUED, SHARES ISSUED FOR CONSIDERATION OTHER THAN CASH AND SHARES BOUGHT BACK DURING THE PERIOD OF FIVE YEARS IMMEDIATELY PRECEDING THE REPORTING DATE:

	As at 30^th June, 2014
Aggregate number and class of shares allotted as fully paid up pursuant to contract (s) without payment being received in cash.	Nil
Aggregate number and class of shares allotted as fully paid up by way of bonus shares.	Nil
Aggregate number and class of shares bought back	Nil

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	30.06.2014	30.06.2013	30.06.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1400.000	1393.700	1386.600
(b) Reserves & Surplus	156056.100	100933.600	64651.500
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	76.500	50.100	27.700
Total Shareholders’ Funds (1) + (2)	157532.600	102377.400	66065.800
(3) Non-Current Liabilities
(a) long-term borrowings	274.500	5326.600	5256.500
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	5154.300	4369.200	3496.300
(d) long-term provisions	1752.800	1659.800	1631.800
Total Non-current Liabilities (3)	7181.600	11355.600	10384.600
(4) Current Liabilities
(a) Short term borrowings	292.500	824.800	1732.200
(b) Trade payables	3924.700	3332.900	3803.200
(c) Other current liabilities	40061.600	29784.500	18838.400
(d) Short-term provisions	9152.000	11918.100	7946.100
Total Current Liabilities (4)	53430.800	45860.300	32319.900
TOTAL	218145.000	159593.300	108770.300
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	24043.000	18969.500	15523.900
(ii) Intangible Assets	442.700	572.300	613.200
(iii) Capital work-in-progress	5185.000	4881.900	5495.500
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	35597.200	36097.200	29336.700
(c) Deferred tax assets (net)	3117.900	3766.900	2371.500
(d) Long-term Loan and Advances	8367.800	7640.900	6216.700
(e) Other Non-current assets	1326.200	1327.000	2425.700
Total Non-Current Assets	78079.800	73255.700	61983.200
(2) Current assets
(a) Current investments	5562.900	4459.800	3642.800
(b) Inventories	155.400	818.400	999.900
(c) Trade receivables	32241.900	27092.100	19924.200
(d) Cash and cash equivalents	79110.800	28088.300	10412.000
(e) Short-term loans and advances	9843.200	15115.100	4287.100
(f) Other current assets	13151.000	10763.900	7521.100
Total Current Assets	140065.200	86337.600	46787.100
TOTAL	218145.000	159593.300	108770.300

PROFIT & LOSS ACCOUNT

	PARTICULARS	30.06.2014	30.06.2013	30.06.2012
	SALES
	Income	164973.700	125178.200	89072.200
	Other Income	6591.200	3788.400	3008.600
	TOTAL (A)	171564.900	128966.600	92080.800
Less	EXPENSES
	Cost of Materials Consumed	4101.200	2594.900	2063.600
	Employees benefits expense	51239.500	46286.100	39230.600
	Other expenses	36524.100	30389.900	22675.800
	TOTAL (B)	91864.800	79270.900	63970.000
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	79700.100	49695.700	28110.800
Less	FINANCIAL EXPENSES (D)	816.500	764.600	972.700
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	78883.600	48931.100	27138.100
Less/ Add	DEPRECIATION/ AMORTISATION (F)	4907.000	4419.100	3530.700
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	73976.600	44512.000	23607.400
Less	TAX (H)	14130.400	7464.800	4103.200
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	59846.200	37047.200	19504.200
	EARNINGS IN FOREIGN CURRENCY
	Income from Services	142397.700	113811.900	83841.700
	TOTAL EARNINGS	142397.700	113811.900	83841.700
	IMPORTS
	Capital Goods	1382.500	1339.500	2002.800
	TOTAL IMPORTS	1382.500	1339.500	2002.800
	Earnings / (Loss) Per Share (Rs.)
	Basic	85.66	53.32	28.23
	Diluted	84.51	52.45	27.72

QUARTERLY RESULTS

Particulars	30.09.2014	30.12.2014
Audited / Unaudited	Unaudited	Unaudited
Net Sales	40544.000	42475.900
Total Expenditure	23034.200	24257.100
PBIDT (Excl OI)	17509.800	18218.800
Other Income	4115.000	2962.100
Operating Profit	21624.800	21180.900
Interest	214.900	124.700
Exceptional Items	0.000	0.000
PBDT	21409.900	21056.200
Depreciation	693.500	722.800
Profit Before Tax	2,0716.400	20333.400
Tax	3890.800	3698.700
Provisions and contingencies	0.000	0.000
Profit After Tax	1,6825.600	16634.700
Extraordinary Items	0.000	0.000
Prior Period Expenses	0.000	0.000
Other Adjustments	0.000	0.000
Net Profit	16825.600	16634.700

KEY RATIOS

PARTICULARS		30.06.2014	30.06.2013	30.06.2012
Net Profit Margin (PAT / Sales)	(%)	36.28	29.60	21.90
Operating Profit Margin (PBIDT/Sales)	(%)	48.31	39.70	31.56
Return on Total Assets (PBT/Total Assets}	(%)	42.46	38.76	32.99
Return on Investment (ROI) (PBT/Networth)		0.47	0.43	0.36
Debt Equity Ratio (Total Debt /Networth)		0.00	0.06	0.11
Current Ratio (Current Asset/Current Liability)		2.62	1.88	1.45

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	30.06.2012	30.06.2013	30.06.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	1386.600	1393.700	1400.000
Reserves & Surplus	64651.500	100933.600	156056.100
Share Application money pending allotment	27.700	50.100	76.500
Net worth	66065.800	102377.400	157532.600
long-term borrowings	5256.500	5326.600	274.500
Short term borrowings	1732.200	824.800	292.500
Total borrowings	6988.700	6151.400	567.000
Debt/Equity ratio	0.106	0.060	0.004

YEAR-ON-YEAR GROWTH

Year on Year Growth	30.06.2012	30.06.2013	30.06.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	89072.200	125178.200	164973.700
		40.536	31.791

NET PROFIT MARGIN

Net Profit Margin	30.06.2012	30.06.2013	30.06.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	89072.200	125178.200	164973.700
Profit	19504.200	37047.200	59846.200
	21.90%	29.60%	36.28%

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

COMPANY'S PERFORMANCE OVERVIEW

On a standalone basis, the Company achieved revenue of Rs. 17,1564.900 Million in the financial year 2013-14 as compared to Rs.12,8966.600 Million in the financial year 2012-13 registering a growth of 33.03% and the profit for the financial year 2013-14 is Rs. 5,9846.200 Million in comparison to Rs. 3,7047.200 Million in financial year 2012-13 registering a growth of 61.54%.

On a consolidated basis, the Company achieved revenue of Rs. 32,8210.600 Million in the financial year 2013-14 as compared to Rs. 25,9321.700 Million in the financial year 2012-13 registering a growth of 26.57% and the profit for the financial year 2013-14 is Rs. 6,5095.100 Million in comparison to Rs. 4,0400.900 Million in financial year 2012-13 registering a growth of 61.12%.

MANAGEMENT DISCUSSION AND ANALYSIS

Investors are cautioned that this discussion contains forward-looking statements that involve risks and uncertainties. When words like 'anticipate', 'believe', 'estimate', 'intend', 'will', 'expect' and other similar expressions are used in this discussion, they relate to the Company or its business and are intended to identify such forward-looking statements. The Company undertakes no obligations to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Actual results, performances or achievements could differ materially from those expressed or implied in such statements. Factors that could cause or contribute to such differences include those described under the heading 'Risk Factors' in the Prospectus filed with the Securities and Exchange Board of India (SEBI) as well as factors discussed elsewhere in this report. Readers are cautioned not to place undue reliance on the forward looking statements as they speak only as of their dates. The following discussion and analysis should be read in conjunction with the Company's financial statements included herein and the notes thereto.

ANNUAL REPORT – MD and A

CURRENT STATE OF THE INDIAN IT INDUSTRY

The Indian IT industry is in a revival mode. The economic pressures of preceding years, leading to higher focus by clients on business outcomes, presented an opportunity. The industry responded to this with alternative delivery models, introduced offerings aligned to business impact and started playing a larger role in client's innovation agenda. This enabled the industry to increase its share in the global outsourcing market.

According to NASSCOM estimates, the total size of the Indian IT industry reached $118bn for the period April 2013 to March 2014 (described as FY14 by the industry), a growth of 9% over the last year. Out of this, export revenues crossed $86bn, a growth of 13% over the last year.

Within exports, IT services was the fastest growing segment, with an estimated growth of 14.3% when compared to the last year. While US remains the largest market for India, accounting for 62% of the exports, there has been a revival in demand from Europe, which grew at an estimated 14% in FY14.

The market is expected to be driven by the emerging industry verticals such as retail, healthcare and utilities, though the mature vertical of Financial Services remains the largest segment, accounting for over 41% of the total industry exports.

INDUSTRY OUTLOOK

As per NASSCOM projections, for FY15 the industry exports are expected to grow between 13-15%, while domestic market revenues are expected to grow between 9-12%. Key technologies like digitalization, internet of things, smart grids, cloud computing, mobility and multichannel consumer connect will play a major role in the investments decisions that the clients will make.

Drivers for future growth

· Digitalization, applications that are moving to the cloud, deeper adoption by business of newer technologies, and emergence of 'asa- service model', present significant new opportunities for the IT industry.

Digitalization is viewed by clients as a route to business model transformation for building sustainable competitive advantage. To achieve this, businesses not only need front office implementation, but also integration with middle and back office. Along with this, the need for enterprise clients to modernize their applications and transition to the cloud, is creating new potential.

Mobility and analytics solutions remain key growth drivers for front office transformation. According to NASSCOM, companies worldwide are expected to spend about $140 billion on mobility by the year 2020.

Emerging markets and industry verticals present a significant opportunity as well. Verticals like media, retail, consumer products, telecom and hi-tech manufacturing are growing significantly, as they come out of the economic crisis of 2008. The growth rate of IT spending in these businesses quadrupled from year 2012 to 2013 and this pace is expected to continue. Continental Europe, Middle East and Africa (MEA) and Asia Pacific (APAC) are growing at a faster rate when compared to others.

INFRASTRUCTURE SERVICES DIVISION

Infrastructure Services Division (ISD) manages mission-critical IT environment for over 20 of the Fortune 100 companies. With a differentiated and future ready value proposition, ISD is well positioned to address the IT infrastructure requirements of an enterprise.

ISD is widely recognized by the analyst community as a leading Infrastructure services provider globally. The division's key service offerings include:

• Next Generation Data Centre and Cloud Services: End - to - End Service portfolio spanning Datacentre and Cloud Hosting propositions, covering Workload Assessment Services, DC/Cloud Migration and Transformation Services, along with end - to – end DC/Cloud Management, Operations, and Converged Security and Network stack. The practice also covers Mainframe and AS 400 Environment Management.

HCL continues to invest in building industry leading, differentiated tools for optimized cloud enablement such as HCL CART (Cloud Assessment Tool), Cloud Command Centre (CCC- specialized Cloud Migration, Deployment and Operations Centre) and HCL My Cloud Portal for Cloud Aggregation, End user enablement and management.

• Business Productivity Services - Workplace modernization and provisioning services that cover end-user enablement (HCL Optibot) and profiling (Kaleidoscope), Service desk and global field support, Remote/Branch site optimization (Zero Infrastructure Footprint), Hybrid messaging, Social and collaboration services, Enterprise Mobile enablement, Managed print services, Virtualization and Desktop as a Service, Client application management services and OS (Windows 7/8, iOS, Android) migration.

• Digital Operations Services - HCL's digital operations service capability targets to bring in "Web Scale IT" architecture into an enterprise. The HCL service offering combines into a unified service wrapper several components including an agile DevOps-oriented Support framework, a highly elastic, self-healing Infrastructure, High level of automation, security practices and an end-to-end Performance Management Solution. This service offering is targeted to meet the end-to-end IT Operations of the digital side of large G2K enterprises.

• Cross-Functional Services - One of the critical services that leverage service management based on ITIL (Information Technology Infrastructure Library) based processes for centralized management of distributed assets. The services included are disaster recovery and business continuity services, service automation and governance, risk and compliance services. Many of these services are bundled with the overall services; including award-winning tools and frameworks such as MTaaS™ (Management Tools-as-a-Service) and Gold Standard (Operations Maturity Assessment framework).

• Network Services - Lifecycle management services that span strategy, transformation and operations, covering Strategy Definition, Audit Services, Risk Assessment and Mitigation Planning, Policy Definition and Implementation, Unified Communication Services, LAN/WAN Consolidation Migration and 24x7 Network Infrastructure Incident and Monitoring and Management (Network Operations Centre).

• Information Security Services - Information Security Services portfolio includes Systems Security, End Point Security, Application Security, Data and Content Security, IAM, Network Security and Enterprise Security Assurances Services. With over 17 years of experience in info-security lifecycle management, HCL has experience of delivering over 150 information security projects across multiple industry verticals.

• System Integration Services - These cover the entire infrastructure services stack. ISD has successfully delivered over 580 complex IT infrastructure architecture and operations transformations and is increasingly acknowledged and recognized by Fortune 500 and Global 2000 companies as a credible alternative to top tier global MNCs.

• HCL's Enterprise of the Future (EOF) framework leverages the above managed services to prepare a blueprint that allows assimilating and adopting Social Media, Mobility, Cloud and Analytics within an enterprise. The framework also enhances the strategic, technological and economic value of IT.

HCL's ISD provides infrastructure management services to customers through a robust delivery network of service centres across the globe, in over 26 languages. Infrastructure operations include standardized management of globally distributed assets of over 5 million mission critical IT devices; resolving over 17 million helpdesk contacts and supporting the needs of over 1.4 million business users.

The solution caters to major industries including Automotive, Banking, Chemical, Energy (Oil and Gas) and Utility, Consumer Electronics, Financial Services, Consumer Product Goods, Hi-tech, Independent Software Vendor (ISV), Insurance, Life Sciences, Healthcare and Pharmaceuticals, Manufacturing, Media, Publishing and Entertainment, Retail, Telecom, Travel and Tourism and Logistics. HCL's fast growth has prompted several bestselling authors to include the ISD case study in their books and research.

The division has received its share of accolades:

• HCL has been positioned as a Leader in Gartner Magic Quadrant for Data Centre Outsourcing and Infrastructure Utility Services, North America, by William Maurer, David Edward Ackerman, Bryan Britz, July 2013.

• HCL has been positioned as a Niche Player in Gartner Magic Quadrant for Data Centre Outsourcing and Infrastructure Utility Services, Europe, by Claudio Da Rold, Gianluca Tramacere, Frank Ridder, July 2013.

• HCL has been positioned as a Niche Player in Gartner Magic Quadrant for Data Center Outsourcing and Infrastructure Utility Services, Asia Pacific, by Rolf Jester, Freddie Ng, Jim Longwood, Arup Roy, November 2013

• HCL has been positioned as a Challenger in Gartner Magic Quadrant for End-User Outsourcing, Europe, by Gianluca Tramacere, Claudio Da Rold, Ian Marriott, 14 August 2013

• HCL has been positioned as a Leader in Gartner Magic Quadrant for End-User Outsourcing, North America, by David Edward Ackerman, William Maurer, Bryan Britz, 2013.

• HCL has been positioned as a Leader in Gartner Magic Quadrant for Communications Outsourcing and Professional Services, by Eric Goodness, Christine Tenneson, 21 October, 2013.

• Award: HCL Technologies and Cummins Inc., have received the prestigious Outsourcing Excellence Award of Best Long-term Relationship from the Outsourcing Center for demonstrating a successful partnership of 10 years.

APPLICATIONS SERVICES

HCL's Applications Business provides customers with integrated transformational services for their applications portfolio. With operations across 31 countries, it offers a broad range of focused applications and business services, and the unique ability to seamlessly integrate multiple service lines as best suits their clients' individual requirements. The business combines this approach with in-depth expertise in major industries such as consumer services, manufacturing, life sciences and financial services.

HCL's Applications Business offers technical expertise organized around 11 horizontal capabilities. This structure offers customers transformation value which builds upon the specialist experience and knowledge of their seasoned professionals. HCL's engagements are diverse and comprehensive, and provide customers with solutions that meet business challenges across a number of industries. HCL's solutions help support enterprises' business needs, from attracting and managing a growing workforce to enabling enterprise mobility for millions of customers or leading a complex ERP deployment across over 100 countries.

With HCL, customers get a fresh perspective and a unique capability compared to other IT services providers - the Company calls this the 'Alternative'. The landscape of the IT industry is changing and the applications market in particular has undergone a transformational shift. While traditional systems integration services remain critical, clients are now seeking partners that can also help them make sense of emerging technologies and make their IT systems ready for the future, while simultaneously reducing costs. HCL recognizes this shift and has adapted its approach to the applications services portfolio to meet the changing needs of its clients.

HCL maintains strong relationships with a number of key alliance partners. Its work with partners allows it to deliver transformational engagements and develop leading solutions in the marketplace. Tier 1 partners include SAP, Oracle and Microsoft with whom HCL Technologies holds the highest global level of partnership for IT service providers. Additional partnerships are also in place at the horizontal level. For example, the Business Analytics Services horizontal leverages strong relationships with Informatics and Micro Strategy to provide specialist technical knowledge.

HCL continues to invest significantly in relevant research and campaigns that provide unique insight and real value to executives and decision makers. For example, a recent research commissioned by HCL has shown the potential to move $39 billion worth of SAP applications to the cloud over the next two years. HCL recognizes the key motivators and inhibitors of such a transition, and has developed solutions that will support businesses in their digital transformations. HCL's forward-looking research on the future of IT is supported by strong external marketing and its presence at major international events such as SAPPHIRE NOW and Oracle Open World, as well as at dedicated events devoted to specialist industries and technical needs.

HCL recognizes the importance of investing in and developing strong intellectual property across its technical capabilities. The Company provides organizations with easy - to - use and powerful tools including accelerators, frameworks and comprehensive methodologies which support customers in quickly and confidently addressing their business needs. Using its engagement experience and technical expertise, HCL has also developed a number of proprietary tools, including iMRO, SAP's endorsed solution for maintenance, repair and overhaul. iMRO empowers organizations in the aerospace, aviation and defence sectors with an industry leading solution for asset management and maintenance. The powerful solution supports organizations in the repair and management of critical multi-million dollar assets and has been built in partnership with SAP. Similarly, HCL's FinEdge solution has been designed exclusively for the wealth management industry providing a real-time comprehensive view of the customer and helping to reduce operating costs.

HCL recently unveiled two new propositions to meet the changing needs of the IT market, Digital Systems Integration (DSI) and ALT ASM. DSI is HCL's solution to the modern CEO's dilemma of how to transform the company from a traditional IT organization to digital enterprise. The journey to become a digital enterprise is a large undertaking, but HCL offers a simple framework designed to help clients streamline their legacy IT landscapes to realize cost savings, migrate applications to the cloud, and reinvest savings in the implementation of new social, analytics and mobile technology. HCL's ability to transform a traditional business into a digital one allows the enterprise to continue to compete against newer companies that were essentially 'born digital'.

HCL's ALT ASM proposition goes beyond traditional application support and maintenance contracts. HCL's alternative approach to ASM takes ASM from a simple ticket resolution activity to a contractual commitment of service delivery and guaranteed operational gains for clients. HCL helps organizations build upon the best ideas of employees, eliminate non-value added activities and offer enhanced platform stability and zero downtime. This is supported by lean practices that lead to improved efficiency and HCL's proprietary tools provide increased visibility into the entire process, allowing for improved service quality and reduced incidents.

HCL's Applications Business will see rapid growth across all of its horizontal capabilities in the next year as it continues to develop new solutions and adapt existing service offerings in order to meet the ever changing needs of its clients.

ENGINEERING AND R and D SERVICES

HCL's Engineering and RandD Services (ERS) business unit is the largest Indian engineering service provider and constitutes 16.2% of the company's overall revenues. HCL ERS business unit works with some of the most innovative and successful organizations in the world.

With over two decades of experience of operating in complex multi-vendor environments and customer value chains, the business unit is able to seamlessly integrate into a customer's existing RandD activities.

HCL ERS offers end-to-end engineering services and solutions in hardware, embedded, mechanical and software product engineering to industry leaders across verticals like - Aerospace and Defence, Automotive, Consumer Electronics, Industrial Manufacturing, Medical Devices, Networking and Telecom, Office Automation, Semiconductors, Servers and Storage and Software Products. It successfully collaborates with other innovation partners, captive centers, universities, industry bodies and manufacturing partners.

FINANCIAL PERFORMANCE

The financial results of HCL under Indian GAAP are discussed below in two parts.

• Consolidated results of HCL and its subsidiaries, which includes the performance of subsidiaries, and of joint venture and associates of HCL. Preparation and presentation of such consolidated financial statements depicts comprehensively the performance of the HCL group of companies and is more relevant for understanding the overall performance of HCL.

• Standalone results of HCL.

AWARDS AND RECOGNITIONS

As the Company pursues excellence relentlessly, the Company is delighted to receive phenomenal share of recognitions and awards this year, not just from the media, but also from analysts, governing bodies, academic institutions, partners and even customers. Some of the key accolades received during the year include:

• Prestigious CNBC-TV 18's India Business Leader Award for 'Outstanding Company of the Year - Penultimate award in corporate excellence'.

• PHD Chamber Good Corporate Citizen Award 2013 by PHD Chamber of Commerce and Industry.

• Mr. Anant Gupta, President and CEO, HCL Technologies has received the '2014 Women's Empowerment Principles (WEPs) Leadership Award - 7 Principles' for developing and implementing a comprehensive internal and external strategy based on the WEPs' seven principles for advancing and empowering women in the workplace, marketplace and community.

• 'Best Governed Company Award' by Asian Centre for Corporate Governance and Sustainability at the Asia Business Responsibility Summit 2014. This award is an acclaimed recognition for corporate practicing best corporate governance norms in both letter and spirit.

• 'Diamond and Gold Awards for marketing excellence' in November 2013 by IT Services Marketing Association (ITSMA), the leading marketing association for technology, communications and professional service providers.

• 'CRY Best Employee Engagement Award' for the most impactful employee engagement program to address Child Rights issue for its "Power of One" initiative.

• Recognition as one of Britain's Top Employer for the eighth consecutive year for its employee friendly HR policies and practices.

• Named as a leader in innovation in the Nordic region. This accolade comes as part of a 2013 Nordic IT Outsourcing Service Provider Satisfaction and Performance Survey by KPMG.

• For the fourth consecutive year, HCL has made it to the prestigious annual '2013 Asia's fab 50' list.

COMPANY OVERVIEW

Subject is primarily engaged in providing a range of software services, business process outsourcing services and IT infrastructure services. The Company was incorporated in India in November 1991. The Company leverages its extensive offshore infrastructure and global network of offices and professionals located in various countries to deliver solutions across select verticals including financial services, manufacturing (automotive, aerospace, hi-tech and semi-conductors), telecom, retail and consumer packaged goods services , media, publishing and entertainment, public services, energy and utility, healthcare and travel, transport and logistics.

UNSECURED LOAN

PARTICULARS	30.06.2014 (Rs. in Millions)	30.06.2013 (Rs. in Millions)
Short term borrowings
Bank overdraft	292.500	4.800
Loans from related parties	0.000	820.000
Total	292.500	824.800

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10554174	21/02/2015	584,738.00	AXIS BANK LIMITED	K-10, 2ND FLOOR,, SECTOR - 18, NOIDA, UTTAR PRADESH - 201301, INDIA	C46197307
2	10552850	21/02/2015	815,000.00	AXIS BANK LIMITED	K-10, 2ND FLOOR,, SECTOR - 18, NOIDA, UTTAR PRADESH - 201301, INDIA	C45479516
3	10554136	19/02/2015	734,492.00	AXIS BANK LIMITED	K-10, 2ND FLOOR,, SECTOR - 18, NOIDA, UTTAR PRADESH - 201301, INDIA	C46174967
4	10552423	19/02/2015	925,000.00	AXIS BANK LIMITED	K-10, 2ND FLOOR,, SECTOR - 18, NOIDA, UTTAR PRADESH - 201301, INDIA	C45241916
5	10552851	14/02/2015	815,000.00	AXIS BANK LIMITED	K-10, 2ND FLOOR,, SECTOR - 18, NOIDA, UTTAR PRADESH - 201301, INDIA	C45479581
6	10554121	13/02/2015	380,038.00	AXIS BANK LIMITED	K-10, 2ND FLOOR,, SECTOR-18, NOIDA, UTTAR PRADESH - 201301, INDIA	C46169603
7	10554165	13/02/2015	388,617.00	AXIS BANK LIMITED	K-10, 2ND FLOOR,, SECTOR-18, NOIDA, UTTAR PRADESH - 201301, INDIA	C46193587
8	10554168	13/02/2015	582,000.00	AXIS BANK LIMITED	K-10, 2ND FLOOR,, SECTOR-18, NOIDA, UTTAR PRADESH - 201301, INDIA	C46195202
9	10552099	13/02/2015	815,000.00	AXIS BANK LIMITED	K-10, 2ND FLOOR,, SECTOR - 18, NOIDA, UTTAR PRADESH - 201301, INDIA	C45108040
10	10552904	12/02/2015	582,000.00	AXIS BANK LIMITED	K-10, 2ND FLOOR,, SECTOR-18, NOIDA, UTTAR PRADESH - 201301, INDIA	C45529716

CONTINGENT LIABILITIES:

(Rs. in millions)

PARTICULARS	30.06.2014	30.06.2013
Others	14.200	52.900
Total	14.200	52.900
NOTE: The amounts shown in the item above represent best possible estimates arrived at on the basis of available information. The possible outflows on account of contingent liabilities are dependent on the outcome of the different legal processes which have been invoked by the Company or the claimants as the case may be and therefore cannot be predicted accurately. The Company engages reputed professional advisors to protect its interest and has been advised that it has strong legal positions against such disputes. Guarantees have been given by the Company on behalf of various subsidiaries against credit facilities, financial assistance and office premises taken on lease amounting to Rs.17803.900 Million (Previous year Rs.18522.100 Million). These guarantees have been given in the normal course of the Company's operations and are not expected to result in any loss to the Company, on the basis of the beneficiaries fulfilling their ordinary commercial obligations. Bank guarantees of Rs.448.900 Million (Previous year Rs.459.400 Million). These guarantees have been given in the normal course of the Company's operations and are not expected to result in any loss to the Company, on the basis of the Company fulfilling its ordinary commercial obligations. The Company has negotiated extended interest bearing credit terms with certain vendors and has outstanding letters of credit of Rs.9498.800 Million (Previous year Rs.4303.300 Million) in this respect for extended payment terms up to 360 days. Interest rate on these arrangements ranges from 1.5%p.a. to 10.0%.p.a. The Company also has letters of credit amounting to Rs.24.400 Million (Previous year Rs.2.900 Million) outstanding as at 30 June 2014 in the normal course of business. The Company has a comprehensive system of maintenance of information and documents as required by the transfer pricing legislation under sections 92-92F of the Income Tax Act, 1961. Since the law requires existence of such information and documentation to be contemporaneous in nature, the Company appoints independent consultants annually for conducting transfer pricing study to determine whether transactions with associated enterprises undertaken during the financial year, are on an "arms length basis". Adjustments, if any, arising from the transfer pricing study in the respective jurisdictions shall be accounted for as and when the study is completed for the current financial year. The management is of the opinion that its international transactions are at arms' length so that the aforesaid legislation will not have any impact on the financial statements.

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31, DECEMBER, 2014

(Rs. In Million)

Particulars	Quarter Ended ( Unaudited)	Quarter Ended ( Unaudited)	Half year ended ( Unaudited)
	31.12.2014	30.09.2014	31.12.2014
Revenues from operations	42475.900	40444.000	83019.900
Total income from Operations(net)	42475.900	40544.000	83019.900
Expenditure
Cost of material	441.900	414.300	856.200
Employee benefits expense	14575.900	13681.300	28257.200
Outsourcing cost	4379.500	4131.200	8510.700
Travel and conveyance	1868.300	1876.500	3744.800
Exchange (gain)/loss	(431.300)	(464.200)	(895.500)
Depreciation and amortization expense	722.800	693.500	1416.300
Other expenses	2991.500	2930.900	5922.400
Total expenses	24548.600	23263.500	47812.100
Profit from operations before other income, finance costs and exceptional items	17927.300	17280.500	35207.800
Other income	2530.800	3650.800	6181.600
Profit from ordinary activities before finance costs and exceptional items	20458.100	20931.300	41389.400
Finance costs	124.700	214.900	339.600
Profit from ordinary activities after finance costs but before exceptional items	20333.400	20716.400	41049.800
Exceptional item	0.000	0.000	0.000
Profit from ordinary activities before tax	20333.400	20716.400	41049.800
Tax expenses	3698.700	3890.800	7589.500
Net profit from ordinary activities after tax	16634.700	16825.600	33460.300
Extraordinary items (net of tax expense Rs.Nil)	0.000	0.000	0.000
Net profit for the period	16634.700	16825.600	33460.300
Paid up equity share capital (Par Value Rs.2 each)	1404.700	1404.700	1404.700
Reserves and surplus	168666.900	158660.700	16866.900
Weighted average no. of shares outstanding (par value Rs.2 each)
Basic	701685063	700622627	701153845
Diluted	705742920	706878127	705210892
Earnings per equity share (after extraordinary items) (Rs.) (not annualised)
Basic	23.71	24.02	47.42
Diluted	23.57	23.80	47.45
Debt service coverage ratio (no. of times)	NA	NA	7.94
Interest service coverage ratio (no. of times)	NA	NA	400.46
Dividend per share (par value Rs.2 each)
Interim dividend	0.800	1.800	2.600
Final dividend	--	--	--
Total dividend	0.800	1.800	2.600

Particulars	Quarter Ended ( Unaudited)	Quarter Ended ( Unaudited)	Half year ended ( Unaudited)
	31.12.2014	30.09.2014	31.12.2014
A. Particulars of shareholding
1. Public Shareholding
- Number of shares	270910475	269805719	270910475
- Percentage of shareholding	38.57	38.47	38.57
2. Promoters and Promoters group Shareholding-
a) Pledged /Encumbered
Number of shares	--	--	--
Percentage of shares (as a % of total shareholding of the promoter and promoter group)	--	--	--
Percentage of shares (as a % of total share capital of the company)	--	--	--
b) Non Encumbered
Number of shares	431460454	431497894	431460454
Percentage of shares (as a % of total shareholding of the promoter and promoter group)	100	100	100
	61.43	61.53	61.43
Percentage of shares (as a % of total share capital of the company)
B. Investor Complaints
Pending at the beginning of the quarter	NIL
Receiving during the quarter	8
Disposed of during the quarter	8
Remaining unreserved at the end of the quarter	NIL

NOTE:

The financial results for the quarter ended 31 December 2014 were approved by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 30 January 2015.

Ratios have been computed as under:-

(a) Debt service coverage ratio = (Profit from ordinary activities before tax + interest on long-term loans) / (interest on long-term loans + repayment of long-term loans)

(b) Interest service coverage ratio = (Profit from ordinary activities before tax + interest on long-term loans) / interest on long-term loans

During the quarter ended 31 December 2014, the Board of Directors has declared an interim dividend of Rs.8 per share (400% on par value of Rs.2 per share), amounting to Rs.5619.000 Million, which takes total dividend for the six month ended 31 December 2014 to Rs.18232.700 Million.

During the quarter ended 30 September 2014, the management based on technical evaluation reassessed the useful life of assets with effect from 01 July 2014. Accordingly the useful lives of certain assets required a change from the previous estimates. If the Company had continued with the previously assessed useful lives, charge for depreciation for the quarter and half year ended 31 December 2014 would have been higher by Rs.510.700 Million and Rs.1070.500 Million respectively, for the assets held as at 01 July 2014.

The Board at its meeting held on 30 January 2015 has considered, approved and recommended a Bonus issue of Shares of one equity share for every one equity share held by the equity shareholders of the Company. The bonus issue of equity shares is subject to the approval of the shareholders and any other applicable statutory and regulatory approvals

STATEMENT OF ASSETS AND LIABILITIES

SOURCES OF FUNDS	31.12.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1404.700
(b) Reserves & Surplus	168666.900
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.200
Total Shareholders’ Funds (1) + (2)	170071.800
(3) Non-Current Liabilities
(a) long-term borrowings	221.500
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	4528.300
(d) long-term provisions	1920.200
Total Non-current Liabilities (3)	6670.000
(4) Current Liabilities
(a) Short term borrowings	306.200
(b) Trade payables	4728.700
(c) Other current liabilities	32988.200
(d) Short-term provisions	13799.600
Total Current Liabilities (4)	51822.700
TOTAL	228564.500
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets	33027.600
(b) Non-current Investments	35002.300
(c) Deferred tax assets (net)	2790.900
(d) Long-term Loan and Advances	9553.700
(e) Other Non-current assets	2522.800
Total Non-Current Assets	82897.300
(2) Current assets
(a) Current investments	5905.300
(b) Inventories	217.000
(c) Trade receivables	33890.300
(d) Cash and cash equivalents	77904.300
(e) Short-term loans and advances	14028.500
(f) Other current assets	13721.800
Total Current Assets	145667.200
TOTAL	228564.500

UNAUDITED SEGMENT WIE REVENUE, RESULTS AND CAPITAL EMPLOYED

(Rs. In Million)

Particulars	Quarter Ended ( Unaudited)	Quarter Ended ( Unaudited)	Half year ended Unaudited)
	31.12.2014	30.09.2014	31.12.2014
1. Segment Revenue
Software services	25989.800	24930.900	50920.700
Business process outsourcing services	2191.000	2395.100	4586.100
IT Infrastructure services	14295.100	13218.000	27513.100
Total	42475.900	40544.000	83019.900
Less : Inter Segment Revenue	0.000	0.000	0.000
Net Income from Operations	42475.900	40544.000	83019.900
2. Segment Result
Software services	10767.000	10234.700	21001.700
Business process outsourcing services	108.700	622.700	731.400
IT Infrastructure services	6482.200	6005.700	12487.900
Total	17357.900	16863.100	34221.000
Less : i) Finance Costs	124.700	214.900	339.600
ii) Other un-allocable expenditure / (income), net	(3100.200)	(4068.200)	(7168.400)
Profit before Tax	20333.400	20716.400	41049.800

Segmental capital employed

Assets and liabilities are not identified to any reportable segments, since the Company is increasingly using them interchangeably across segments and consequently, the Management believes that it is not practicable to provide segment disclosures relating to total assets and liabilities.

The figures of previous periods/year have been rearranged to conform to current period classification.

FIXED ASSETS

Tangible Assets

• Freehold land
• Leasehold land
• Buildings
• Plant and machinery
• Office Equipment
• Computers
• Furniture and fittings
• Vehicles

Intangible Assets

• Goodwill
• 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 records 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.62.67
UK Pound	1	Rs.93.16
Euro	1	Rs.66.42

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
PAID-UP CAPITAL	1~10	9
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	9
--PROFITABILITY	1~10	9
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	9
--RESERVES	1~10	9
--CREDIT LINES	1~10	9
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		81

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.