MIRA INFORM REPORT

Report No. :	314608
Report Date :	30.03.2015

IDENTIFICATION DETAILS

Name :	WIPRO ENTERPRISES LIMITED (w.e.f. 19.04.2013)
Formerly Known As :	AZIM PREMJI CUSTODIAL SERVICES LIMITED (w.e.f. 20.03.2013) AZIM PREMJI CUSTODIAL SERVICES PRIVATE LIMITED
Registered Office :	C Block, CCLG Division, Doddakannelli, Sarjapur Road, Bangalore – 560035, Karnataka
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	17.08.2010
Com. Reg. No.:	08-054808
Capital Investment / Paid-up Capital :	Rs. 4.923 Million
CIN No.: [Company Identification No.]	U15141KA2010PLC054808
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	BLRA17777E
PAN No.: [Permanent Account No.]	AAJCA0072C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Hydraulic Cylinders
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

A (65)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 140000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having a fine track record. Financial position of the company seems to be decent. Trade relations are reported to be fair. Business is active. Payment terms are reported to be regular and as per commitments. The company 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION DENIED

Management non co-operative

LOCATIONS

Registered Office :	C Block, CCLG Division, Doddakannelli, Sarjapur Road, Bangalore – 560035, Karnataka, India
Tel. No.:	91-80-39916109
Mobile No.:	Not Available
Fax No.:	91-80-28440054
E-Mail :	srinivasan.pagalthivarthi@wipro.com chethan.yogesh@wipro.com reachus@wipro.com
Website :	https://www.wipro.com
Branch Office :	East Kolkata  Odisha Guwahati North New Delhi Gurgaon  Noida  Greater Noida Jaipur South Bangalore  Mysore  Chennai  Chengalpet  Cochin  Hyderabad  Secunderabad  Visakhapatnam  Vijayawada West Pune  Navi Mumbai  Mumbai  Gujarat

DIRECTORS

As on : 31.03.2014

Name :

Mr. Suresh Chandra Senapaty

Designation :

Additional Director

Address :

301, Brigade Lavelle I, Lavelle Road, Bangalore – 560001, Karnataka, India

Date of Birth/Age :

03.03.1957

Date of Appointment :

19.08.2014

DIN No.:

00018711

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	U93090KA1982PLC021795	WIPRO TRADEMARKS HOLDING LIMITED	Director	02/01/1995	02/01/1995	02/07/2012	Active	NO
2	U24246KA1982PLC021796	WIPRO CHANDRIKA LIMITED.	Nominee director	02/01/1995	02/01/1995	02/07/2012	Active	NO
3	U33111KA1990PTC016063	Wipro GE Healthcare Private Limited	Director	25/01/1995	25/01/1995	-	Active	NO
4	U91200KA1996PLC020622	WIPRO TRAVEL SERVICES LIMITED	Nominee director	10/06/1996	10/06/1996	02/07/2012	Active	NO
5	U72200KA2000PLC027405	WEP PERIPHERALS LIMITED	Director	25/07/2000	25/07/2000	05/01/2007	Active	NO
6	U64202KA2000PLC034668	WIPRO BPO SOLUTIONS LIMITED	Director	29/10/2001	29/10/2001	-	Amalgamated	NO
7	U72900KA2000PLC027551	WIPRO INFRASTRUCTURE ENGINEERING LIMITED	Nominee director	15/04/2002	15/04/2002	-	Amalgamated	NO
8	U85199KA2000PLC027715	WIPRO HEALTHCARE IT LIMITED	Nominee director	31/08/2002	31/08/2002	-	Amalgamated	NO
9	U02424KA2003PLC032810	WIPRO CONSUMER CARE LIMITED	Nominee director	03/11/2003	03/11/2003	02/07/2012	Active	NO
10	U45990MH1981PTC025536	CYGNUS NEGRI INVESTMENTS PRIVATE LIMITED	Nominee director	01/04/2004	01/04/2004	02/07/2012	Active	NO
11	U72200KA2003PTC040724	MPACT TECHNOLOGY SERVICES PRIVATE LIMITED	Director	24/07/2006	29/12/2005	-	Amalgamated	NO
12	U74140KA2003PTC040723	MPOWER SOFTWARE SERVICES (INDIA) PRIVATE LIMITED	Director	25/07/2006	29/12/2005	-	Amalgamated	NO
13	U72200MH2000PTC129630	CMANGO INDIA PRIVATE LIMITED	Director	04/04/2006	04/04/2006	-	Amalgamated	NO
14	U72200TG2001PLC036915	QUANTECH GLOBAL SERVICES LIMITED	Director	01/01/2007	01/01/2007	-	Amalgamated	NO
15	L32102KA1945PLC020800	WIPRO LIMITED	Whole-time director	18/04/2013	18/04/2008	-	Active	NO
16	U72200KA2004PLC072927	WIPRO TECHNOLOGY SERVICES LIMITED	Nominee director	20/01/2009	20/01/2009	02/07/2012	Amalgamated	NO
17	U72200KA2009PLC051272	WIPRO AIRPORT IT SERVICES LIMITED	Director	22/10/2009	22/10/2009	29/01/2010	Active	NO
18	U15141KA2010PLC054808	WIPRO ENTERPRISES LIMITED	Director	19/08/2014	01/04/2013	-	Active	NO

Name :

Mr. Azim Hasham Premji

Designation :

Whole Time Director

Address :

Survey No.75, 133, 135/1, 136/1 No.574, Doddakannelli Village, Sarjapur Road, Bangalore – 560035, Karnataka, India

Date of Birth/Age :

24.07.1945

Date of Appointment :

17.08.2010

DIN No.:

00234280

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	L32102KA1945PLC020800	WIPRO LIMITED	Managing director	31/07/2013	01/09/1968	-	Active	NO
2	U65993KA1974PTC024191	NAPEAN TRADING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	06/06/1974	06/06/1974	-	Active	NO
3	U65993KA1974PTC024195	VIDYA INVESTMENT AND TRADING COMPANY PRIVATE LIMITED.	Director	11/09/1974	11/09/1974	-	Active	NO
4	U65993KA1974PTC024192	REGAL INVESTMENT AND TRADING COMPANY PRIVATE LIMITED.	Director	11/09/1974	11/09/1974	-	Active	NO
5	U67120MH1974PTC017911	HASHAM PREMJI PRIVATE LIMITED	Director	11/11/1974	11/11/1974	01/09/2012	Active	NO
6	U65993KA1981PTC024196	PRAZIM TRADING AND INVESTMENT COMPANY PRIVATE LIMITED.	Director	13/11/1981	13/11/1981	-	Active	NO
7	U67120KA1983PTC074543	HASHAM INVESTMENT AND TRADING CO PVT LTD	Director	10/05/1983	10/05/1983	-	Active	NO
8	U65993KA1983PTC024193	ZASH INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	10/05/1983	10/05/1983	-	Active	NO
9	U65993KA1983PTC024194	TARISH INVESTMENT AND TRADING COMPANY PRIVATE LIMITED.	Director	19/05/1983	19/05/1983	-	Active	NO
10	U33111KA1990PTC016063	Wipro GE Healthcare Private Limited	Director	30/03/1990	30/03/1990	-	Active	NO
11	U65999KA2000GAT026421	Azim Premji Philanthropic Initiatives Private Limited	Director	18/02/2000	18/02/2000	-	Active	NO
12	U93090KA2001NPL028740	AZIM PREMJI FOUNDATION	Director	09/03/2001	09/03/2001	-	Active	NO
13	U72900KA2000PLC027551	WIPRO INFRASTRUCTURE ENGINEERING LIMITED	Nominee director	19/02/2003	19/02/2003	-	Amalgamated	NO
14	U74999KA2009PTC051742	Azim Premji Trustee Company Private Limited	Whole-time director	04/12/2009	04/12/2009	-	Active	NO
15	U80301KA2009NPL051792	Azim Premji Foundation for Development	Whole-time director	09/12/2009	09/12/2009	-	Active	NO
16	U74900KA2010PTC054356	AZIM PREMJI TRUST SERVICES PRIVATE LIMITED	Whole-time director	05/07/2010	05/07/2010	-	Active	NO
17	U15141KA2010PLC054808	WIPRO ENTERPRISES LIMITED	Director	17/08/2010	17/08/2010	-	Active	NO
18	U67190KA2010PTC054809	AZIM PREMJI SAFE DEPOSIT COMPANY PRIVATE LIMITED	Whole-time director	17/08/2010	17/08/2010	-	Active	NO
19	U67190KA2013PTC067888	AZIM PREMJI CUSTODIAL AND MANAGEMENT SERVICES PRIVATE LIMITED	Director	18/02/2013	18/02/2013	-	Active	NO

Name :

Mr. Pratik Kumar

Designation :

Whole Time Director

Address :

421/A Palm Meadows 2 PH, Whitefield RD, Ramagondanahalli, Bangalore – 560066, Karnataka, India

Date of Birth/Age :

23.10.1965

Date of Appointment :

01.04.2013

DIN No.:

00328453

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	U33111KA1990PTC016063	Wipro GE Healthcare Private Limited	Director	02/05/2002	02/05/2002	-	Active	NO
2	U15141KA2010PLC054808	WIPRO ENTERPRISES LIMITED	Whole-time director	01/04/2013	01/04/2013	-	Active	NO

Name :

Mr. Vineet Agrawal

Designation :

Whole Time Director

Address :

No: A-1 Ground Floor, 21/16, Brunton Rustumji, Apartments, Brunton Road, Bangalore – 560025, Karnataka, India

Date of Birth/Age :

17.01.1962

Date of Appointment :

01.04.2013

DIN No.:

02370129

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	U02424KA2003PLC032810	WIPRO CONSUMER CARE LIMITED	Director	03/11/2003	03/11/2003	-	Active	NO
2	U31409KA2009PTC049136	Vignani Solutions Private Limited	Director	30/09/2011	20/07/2011	-	Amalgamated	NO
3	U15141KA2010PLC054808	WIPRO ENTERPRISES LIMITED	Whole-time director	01/04/2013	01/04/2013	-	Active	NO

Name :

Mr. Rishad Azim Premji

Designation :

Additional Director

Address :

46 F.B. Desai Road, Mumbai – 400026, Maharashtra India

Date of Birth/Age :

09.01.1977

Date of Appointment :

30.09.2013

DIN No.:

02983899

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	U93090KA2001NPL028740	AZIM PREMJI FOUNDATION	Director	29/09/2009	18/10/2008	-	Active	NO
2	U33111KA1990PTC016063	Wipro GE Healthcare Private Limited	Director	23/09/2010	17/03/2010	-	Active	NO
3	U15141KA2010PLC054808	WIPRO ENTERPRISES LIMITED	Director	30/09/2013	01/04/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Chetan
Designation :	Secretary
Address :	Chethas, S/o Yogesh, no.177/3, Gowrishankar Nagar, Ooty Road, Mysore – 570025, Karnataka, India
Date of Birth/Age :	10.05.1987
Date of Appointment :	01.04.2013
PAN No.:	AIDPC9233C

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

NOTE : SHAREHOLDING FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

Category	Percentage	%age
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	0.11	0.11
Bodies corporate	94.00	94.48
Directors or relatives of Directors	3.89	3.91
Other top fifty shareholders	1.49	1.50
Total	100.00	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Hydraulic Cylinders

Products :

Product Description	Item Code No. (ITC Code)
Hydraulic Cylinder	8407
Toilet Soaps	3401
Compact Fluorescent Lamps	1575

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Divulged

Bankers :

Banker Name	Not Divulged
Branch Address	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Cash Credit	5.000	0.000
Total	5.000	0.000

NOTE :

• Interest rate applicable for the cash credit facility is 10.2%.
• Includes cash management and channel financing facilities with banks.

Auditors :
Name :	Tambakad and Goil Chartered Accountants
Address :	15 Golf Course road, Off H.A.L. Airport Road, Bangalore – 560008, Karnataka, India
PAN No.:	AAAFT4490M
Memberships :	Not Available
Collaborators :	Not Available
Subsidiaries :	Cygnus Negri Investments Private Limited India Wipro Consumer Care Limited India WMNETSREV Limited Cyprus WMNETSERV Inc USA Wipro Infrastructure Engineering AB Sweden Wipro Infrastructure Engineering Oy Finland Wipro Infrastructure Engineering LLC Russia Hydrauto Celka San ve Tic Turkey Wipro Singapore Pte Limited Singapore Wipro Unza Holdings Limited Singapore Wipro Unza Singapore Pte Limited Singapore L D Waxson (Singapore) Pte Limited Singapore L D Waxson (Taiwan) Co. Ltd Taiwan L D Waxson (Quanzhou) Co. Ltd China Sanghai Wocheng Trading Development Co. Limited China Wipro Unza Indochina Pte Limited Singapore Wipro Unza Vietnam Co, Limited Vietnam Wipro Unza Cathay Limited Hong Kong L D Waxson (HK) Limited Hong Kong Wipro Unza China Limited Hong Kong Wipro Unza (Guangdong) Consumer Products Limited China PT Unza Vitalis Indonesia Wipro Unza Thailand Limited Thailand Wipro Unza Overseas Limited British Virgin Islands Unzafrica Limited Nigeria Wipro Unza Middle East Limited British Virgin Islands Unza International Limited British Virgin Islands Unza Nusantara Sdn Bhd Malaysia Unza Holdings Sdn Bhd Malaysia Unza (Malaysia) Sdn Bhd Malaysia Wipro Unza (Malaysia) Sdn Bhd Malaysia Wipro Manufacturing Services Sdn Bhd Malaysia Shubido Pacific Sdn Bhd (a) Malaysia Gervas Corporation Sdn Bhd Malaysia Gervas (B) Sdn Bhd Malaysia Formapac Sdn Bhd Malaysia Ginvera Marketing Enterprises Sdn. Bhd Malaysia Attractive Avenue Sdn. Bhd. Malaysia Hervil SA (b) Romania Hervil Asset Management SRL Romania Wipro Yardley FZE Dubai Yardley of London Limited UK Wipro Enterprises Netherlands BV Netherlands R K M Equipamentos Hidraulicos Brazil Wipro Chandrika Limited (c) India Vignani Solutions Private Limited India Wipro Infrastructure Engineering Machinery (Changhou) Co, Ltd China Wipro Enterprises Inc. USA Wipro Enterprises Participacoes Ltda Brazil

NOTE :

All the above subsidiaries are 100% held by the Company except for the following:

• Shubido Pacific Sdn. Bhd., in which the Company holds 62.55% of the equity securities.
• Hervil SA, in which the Company holds 97.98% of the equity shares.
• Wipro Chandrika Limited, in which the Company holds 90% of the equity shares.

CAPITAL STRUCTURE

As on : 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
495000000	Equity Shares	Rs.10/- each	Rs. 4950.000 Million
1000000	Preference Shares	Rs.10/- each	Rs. 50.000 Million
	Total		Rs. 5000.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
492328988	Equity Shares	Rs.10/- each	Rs. 4932.290 Million

As on : 31.03.2014

Terms/Rights attached to equity shares

The Company has only one class of equity shares having a par value of ` 10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of Directors, if any, is subject to shareholders approval in the ensuing Annual General Meeting.

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

Terms/rights attached to preference shares

The preference shares bear a dividend of 7% per annum on the face value, determined from the date of allotment (May 12, 2013) of the redeemable preference shares and have a preferential right to receive their redemption value in precedence to holders of equity shares during a winding up or repayment of capital. The shares are redeemable at ` 235.20 per share after 12 months from the date of allotment.

i. Reconciliation of number of shares

Particulars	As at March 31, 2014
	No. of Shares	Rs in Million
Equity shares:
Opening number of shares outstanding	50,000	*
Shares issued during the year	492,278,988	4923.000
Closing number of shares outstanding	492,328,988	4923.000
7% Redeemable preference shares:
Opening number of shares outstanding	-----
Shares issued during the year	307,958	15
Closing number of shares outstanding	307,958	15

ii. Details of shareholders of equity shares holding more than 5% of the total shares of the Company

Sl. No.	Name of the shareholder	As at March 31, 2014
		No. of Shares	% held
1	Mr. Azim Hasham Premji, Partner representing Prazim Traders	141,325,318	28.71
2	Mr. Azim Hasham Premji, Partner representing Zash Traders	141,067,918	28.65
3	Azim Premji Trust	98,142,824	19.93
4	Mr. Azim Hasham Premji, Partner representing Hasham Traders	74,191,200	15.07
5	Mr. Azim Hasham Premji	18,731,019	3.80

iii. Details of shareholders of preference shares holding more than 5% of the total shares of the Company

Sl. No.	Name of the shareholder	As at March 31, 2014
		No. of Shares	% held
1	The Oriental Insurance Company Limited	109,228	35.47
2	Maskati Investment Pvt. Ltd.	43,000	13.96
3	Mr. Rishab Kumar	32,000	10.39
4	Bharti Axa Life Insurance Company Ltd	20,000	6.49

iv. Aggregate number of shares issued for consideration other than cash during the period of five years immediately preceding the reporting date

Particulars	As at March 31, 2014
Aggregate number of shares allotted as fully paid-up pursuant to contract(s) without payment being received in cash
Equity shares	492,278,988
7% Redeemable preference shares	307,958
(Allotted to the shareholders of Wipro Limited pursuant to scheme of arrangement)

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	4938.000	4938.000	0.100
(b) Reserves & Surplus	44147.000	41033.000	0.000
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	49085.000	45971.000	0.100
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	423.000	373.000	0.000
(c) Other long term liabilities	53.000	50.000	0.000
(d) long-term provisions	176.000	168.000	0.000
Total Non-current Liabilities (3)	652.000	591.000	0.000
(4) Current Liabilities
(a) Short term borrowings	52.000	107.000	0.000
(b) Trade payables	4681.000	5227.000	0.000
(c) Other current liabilities	1038.000	734.000	0.000
(d) Short-term provisions	127.000	124.000	0.000
Total Current Liabilities (4)	5898.000	6192.000	0.000
TOTAL	55635.000	52754.000	0.100
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6091.000	4134.000	0.000
(ii) Intangible Assets	1064.000	1124.000	0.000
(iii) Capital work-in-progress	1136.000	1821.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	18969.000	17275.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	730.000	1046.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	27990.000	25400.000	0.000
(2) Current assets
(a) Current investments	16772.000	12459.000	0.000
(b) Inventories	4255.000	4444.000	0.000
(c) Trade receivables	3054.000	3373.000	0.000
(d) Cash and cash equivalents	1276.000	1184.000	0.000
(e) Short-term loans and advances	1367.000	1077.000	0.000
(f) Other current assets	921.000	4817.000	0.100
Total Current Assets	27645.000	27354.000	0.100
TOTAL	55635.000	52754.000	0.100

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	30574.000	31815.000	0.000
		Other Income	1216.000	1961.000	0.000
		TOTAL	31790.000	33776.000	0.000
Less	EXPENSES
		Cost of Materials Consumed	11736.000	12478.000	0.000
		Purchases of Stock-in-Trade	6298.000	6496.000	0.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(241.000)	184.000	0.000
		Employees benefits expense	2123.000	2117.000	0.000
		Other expenses	7398.000	7366.000	0.000
		TOTAL	27314.000	28641.000	0.000
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		4476.000	5135.000	0.000
Less	FINANCIAL EXPENSES		15.000	39.000	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		4461.000	5096.000	0.000
Less/ Add	DEPRECIATION/ AMORTISATION		633.000	538.000	0.000
	PROFIT BEFORE TAX		3828.000	4558.000	0.000
Less	TAX		705.000	886.000	0.000
	PROFIT AFTER TAX		3123.000	3672.000	0.000
	Earnings Per Share (Rs.)		6.34	7.46	65.51

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	10.21	11.54	----
Operating Profit Margin (PBDIT / Sales)	(%)	14.64	16.14	----
Return on Total Assets (PBT/Total Assets}	(%)	10.77	13.54	0.00
Return on Investment (ROI) (PBT/Networth)		0.08	0.10	0.00
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		4.69	4.42	-----

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	4938.000	4938.000
Reserves & Surplus	41033.000	44147.000
Net worth	45971.000	49085.000
long-term borrowings	0.000	0.000
Short term borrowings	107.000	52.000
Total borrowings	107.000	52.000
Debt/Equity ratio	0.002	0.001

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	31815.000	30574.000
		(3.901)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	31815.000	30574.000
Profit	3672.000	3123.000
	11.54%	10.21%

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	No

Outlook :

Wipro Consumer Care and Lighting Division:

The FMCG growth index in India has declined consistently in the last 6 quarters between January-March 2013 (13.2%) to

April-May 2014 (5.4%) as per AC Nielsen. This has impacted the growth in Consumer Care segment. Similarly, the slowdown in the economy in general and infrastructure and construction in particular has impacted our Lighting and Furniture businesses.

We expect to see improvement as the Indian economy turns around.

Our businesses in South East Asia, Middle East and United

Kingdom had a strong growth during the year.

Wipro Infrastructure Engineering Division:

The Global Market for Hydraulics cylinders across segments is seen to be stabilizing after having seen the trough in last fiscal, helped by growth in Americas, Europe, MEA . India is poised for a jump driven by stronger policy execution by the administration.

We expect the return of secular global at 3-4 % annually. Aerospace and Defence is poised to get additional fillip in the next few years and India will continue to gain strategic importance across global OEMs as a manufacturing hub.

The industrial water segment has significantly slowed down over the last few years due to fewer projects getting off the ground.

With the onset of the capex cycle and return of industrial growth, we expect that this segment will resume its growth trajectory.

Merger

During the year, pursuant to a Scheme of Amalgamation (‘the Scheme’), Vignani Solutions Private Limited, wholly owned subsidiary of Wipro Enterprises Limited, was merged with Wipro Enterprises Limited. The merger became effective on March 27, 2014 (‘the effective date’), from the appointed date of April 1, 2013. The financial statements reflect the effect of this merger.

Subsidiary Companies

The Ministry of Corporate Affairs, Government of India, has granted a general exemption under Section 212(8) of the

Companies Act, 1956 from the requirement to attach detailed financial statements of each subsidiary. In compliance with the exemption granted, we have presented in page 8 & 68 the summary of financial information for each subsidiary.

The detailed financial statements and audit reports of each of the subsidiaries are available for inspection at the registered office of the company during office hours between 11 a.m. to 1 p.m. and upon written request from a shareholder, your Company will arrange to send the financial statements of subsidiary companies to the said shareholder.

Company overview

Azim Premji Custodial Services Private Limited, incorporated under the provisions of Companies Act, 1956 and domiciled in India became a public company, Azim Premji Custodial Services Limited on March 28, 2013. Effective April 19,

2013, the name changed to Wipro Enterprises Limited (“WEL or the Company”). The Company is headquartered in Bangalore, India.

The Company carries on the businesses of Consumer Care products, Switches, Lighting and Infrastructure Engineering which were transferred pursuant to the scheme of arrangement of Wipro Limited (“Wipro”) with effect from March 31, 2013, with the appointed date as April 1, 2012. The Company is headquartered in Bangalore, India. During the year ended March 31, 2014, the board of directors vide their board meeting dated September 25,2013 approved the Scheme of Amalgamation of the Vignani Solutions Private Limited (‘VSPL’) with the Company with appointed date as April 1, 2013. The Scheme has been approved by the Honorable High Court of Karnataka on March 18, 2014. Accordingly the financial statements of the Company for the year ended March 31, 2014 comprise of the assets and liabilities of VSPL.

1. Hydraulic cylinders designed & developed for various models of equipment as below –

Backhoe loaders: 02 new models developed which consists of 16 products for domestic market.

Dumpers: 2 new models developed which consists of 3 products and all the products commercialized.

Excavators: 05 new models developed which consists of 20 products for domestic/ global markets.

Loaders FEL: 1 new model developed which consists of 4 products for domestic markets and 03 commercialized.

Material Handling: 05 new models developed which consists of 14 products for domestic market and 01 commercialized.

Drill Rigs: 1 new model developed which consists of 14 products for Export market.

Tractors: 04 new models developed which consists of 04 products for Domestic/Export market.

Others: Vibratory compactors – 3 models developed which consists of 3 products for domestic market.

2. Hydraulics cylinders & hydraulic systems designed and developed for Truck tipping systems as below –

SCV (1 - 4 Ton) 1 Kit developed & commercialised

LCV (4-16 Ton) 7 Kits developed out of which 4 commercialised

MCV (16 – 25 Ton) 12 Kits developed out of which 8 commercialised

HCV (25 – 31 Ton) 4 Kits developed out of which 1 commercialised

MAV (31 – 49 Ton) 1 Steering Cylinder developed & commercialised

LCV (4-16 Ton) Vertical under body tipping system.

3. New processes/Technologies developed

• CNC Twin spindle machining SPM
• High production 6 head Center less Belt grinding and polishing.
• Mechanized Shrink fitting for steering cylinder
• Bar Peeling and Reeling
• Flight Bar Indexing and Retrieval System
• Hybrid Friction Welding
• Auto Straightening
• Internal Thread Forming
• Gantry and conveyorised material handling system for Piston rods
• Integrated Robotic Polishing and Buffing Cell
• Automated Process controlled Hard Chrome Plating Line
• Automated Process controlled hard chrome +Nickel Chrome Plating Line
• Horizontal Induction Hardening with Mechanized Material Movement

4. Development of lab test facilities:

• Installation and commissioning of KBK cranes (1ton – 1 no. and 3.2 ton – 2 nos).
• Installation of SS304 piping for all test rigs and power packs
• Installation of 30 TR chiller
• Development of 100 ton capacity mid stroke pressure pulse test rig and 2F Force testing facility
• Renovation of lab with following activities:

• Construction of stores and TH power house
• Epoxy flooring
• Up gradation of instrument and staff room

• Mud & slurry test bench commissioned.
• Design and development of test fixtures for validation of

• Directional control valve
• Clamp cylinders
• Tube
• O-rings

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Interest free loans repayable on demand from banks	47.000	85.000
Interest free loan from director	0.000	22.000
Total	47.000	107.000

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment

WIPRO FALLS 12% ON DEMERGER OF IT BUSINESS

Wipro shares fell as much as 12 per cent in early trade on Tuesday on account of the demerger of non-IT business into a separate company called Wipro Enterprises. Wipro, India's third largest IT outsourcer had announced the demerger in November, 2012.

The split-off legally took effect on March 31, but has not been reflected in shares until Tuesday, meaning the company's shares no longer take into account the contributions from these non-IT businesses.

Wipro shares closed 12 per cent lower at Rs 394.000 Million on the BSE. The stock underperformed the broader BSE IT index, which ended 2 per cent lower.

The demerger means Wipro will hive off three units - Wipro Consumer Care & Lighting, Wipro Infrastructure Engineering and Medical Diagnostic Product & Services business - into a separate unlisted company called Wipro Enterprises. Together, the three units contributed nearly 14 per cent to Wipro's revenue.

Shareholders had three options. (Also read: Wipro demerger explained: What it means for shareholders)

i) Receive one share of the unlisted Wipro Enterprises for five shares of Wipro Ltd.,
ii) Receive one redeemable preference share in Wipro Enterprises @ 7 per cent for every 5 shares of Wipro Ltd. Redeemable preference shares will be redeemed at Rs 235.2 after 12 months.

iii) And exchange one share of Wipro Ltd held by the founder for every 1.65 shares in Wipro Enterprises.

In case of non-receipt of a signed notice, default allotment will be option 1 plus option

Global brokerage CLSA said the third option was the best case for investors.

Domestic brokerage Sushil Finance said investors who don't have liquidity issues and want to play India's consumer growth story should choose option-1 given the growth prospects of Wipro's consumer business coupled with high management credentials, while investors with lesser conviction in consumer business, but with high confidence in IT business, should choose option-3.

However, we suggest them to liquidate 11 per cent of their existing holding at current market price before record date. This liquidation will protect them from downside risk without changing their current shareholding as under option-3 they would get back their sold quantity, the brokerage added.

We suggest investors should avoid option-2, the brokerage said.

Wipro has fixed April 11, 2013 as the Record Date for the purpose of determining the members of the Company to whom notice will be sent and Securities of the Resulting Company (Wipro Enterprises Ltd) will be allotted.

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.60
UK Pound	1	Rs.92.95
Euro	1	Rs.68.14

INFORMATION DETAILS

Analysis Done by :	RSM
Report Prepared by :	RNK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		65

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.