MIRA INFORM REPORT

Report No. :	321942
Report Date :	11.05.2015

IDENTIFICATION DETAILS

Name :	TECHNOSALES MULTIMEDIA TECHNOLOGIES PRIVATE LIMITED

Registered Office :	3 KPCS House Bank of Maharashtra Building, Paud Road, Pune – 411038, Maharashtra
Tel No :	91-9860124888

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	10.10.2000

Com. Reg. No.:	11-015400

Capital Investment / Paid-up Capital :	Rs. 0.500 Million

CIN No.: [Company Identification No.]	U72100PN2000PTC015400

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	Not Available

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer, Exporter, Importer, Buyer, Seller and Dealer of all type of office Automation Equipments, Computers, Hardware and Software and office Automation Systems, and to Render Computer Related Services.

No. of Employees :	Information denied by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payments are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

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 DECLINED

Management non co-operative

LOCATIONS

Registered Office :	3 KPCS House Bank of Maharashtra Building, Paud Road, Pune – 411038, Maharashtra, India
Tel. No.:	91-20-25286633
Mobile No.:	91-9860124888 (Mr. Sandeep Patil)
Fax No.:	91-20-25286634
E-Mail :	enquiry@technosales.co.in nsmundada@rediffmail.com
Website :	www.technosales.co.in www.technosales.co.in

Head Office :	II Floor, KPCS House, Bhusari Colony Poud Road, Kothrud, Pune-411038 Maharashtra, India
Tel. No.:	91-20-25286633 / 25286634
Mobile No.:	91-9860124888
Email:	enquiry@technosales.co.in

Branch Office 1:	G-25, Sal Regency, Plot No. 13-A, Ravi Nagar Square, Amravati Road, Nagpur, India
Tel No.:	91-712-6625124
Mobile No.:	91-9860555969 / 9422144668

Branch Office 2:	Off No. 11, Tapadiya Cine Market, Opp. CIDCO Office, town Center, Aurangabad – 431001 (M.S.), India
Tel No.:	91-240-2471826
Mobile No.:	91-986012055

Branch Office 2:	UG358, Dreamz Mail, Near Bhandup Station, LBS Marg, Bhandup (West), Mumbai – 400078, Maharashtra, India
Tel No.:	91-22-33157076
Mobile No.:	91-9766615656

DIRECTORS

As on : 29.09.2014

Name :	Mr. Rajesh Vinayakrao Patil
Designation :	Director
Address :	Flat No. 1001, 10^th Floor, A2 Building, GWG 1, Rahul Towers, Paud Road, Pune – 411038, Maharashtra, India
Date of Birth/Age :	31.12.1969
Date of Appointment :	20.10.2000
DIN No. :	01446794

Name :	Mr. Sandeep Ratnakar Patil
Designation :	Director
Address :	Row House No. ¾ Survey No. 101 / 1 Saudamini Apart, Paud Road, Pune – 411038, Maharashtra, India
Date of Birth/Age :	30.06.1968
Date of Appointment :	10.10.2000
DIN No. :	02120312

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 29.09.2014

Names of Shareholders	No. of Shares	%age
Rajesh Vinayakrao Patil	25000	50.00
Sandeep Ratnakar Patil	25000	50.00
Total	50000	100.00

As on : 29.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter, Importer, Buyer, Seller and Dealer of all type of office Automation Equipments, Computers, Hardware and Software and office Automation Systems, and to Render Computer Related Services.

Products :	Automation Equipments Computers, Hardware Software and office Automation Systems Render Computer Related Services

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

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 :

Information denied by the management

Bankers :

Banker Name	Punjab National Bank
Branch Address	Shop No. 7 and 8, The Jewel of Pimpri, Opp. PCMC, Pune – Mumbai Highway, Pimpri, Pune – 411018, Maharashtra, India
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

Banker Name	Citizen Bank Limited
Branch Address	Paud Pata Branch, Pune, Maharashtra, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
ICICI Bank (Tata Ace)	0.386	0.000
Punjab National Bank (Honda City)	0.367	0.485

SHORT TERM BORROWING
Bank of Maharashtra C/C (Secured against Stock and Debtors and guaranted by Directors of the company.)	9.318	9.119
Total	10.071	9.604

Auditors :
Name :	Narayan Shrivallabh Mundada Chartered Accountants
Address :	Flat No. A-30, Floor, Shree Gajanan Sahakari Society, Chinchwadgaon, Pune – 411033, Maharashtra, India
Mobile No.:	91-9850626636
Email :	asmundada@yahoo.com
PAN No.:	AHBPM9306R

Memberships :	Not available

Collaborators :	Not available

Associates/Subsidiaries :	Not available

CAPITAL STRUCTURE

As on : 29.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

100000	Equity Shares	Rs.10/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

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	0.500	0.500	0.500
(b) Reserves & Surplus	6.174	5.133	4.039
(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)	6.674	5.633	4.539

(3) Non-Current Liabilities
(a) long-term borrowings	4.201	4.988	3.274
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	1.501
Total Non-current Liabilities (3)	4.201	4.988	4.775

(4) Current Liabilities
(a) Short term borrowings	9.318	9.119	5.790
(b) Trade payables	15.387	14.612	14.085
(c) Other current liabilities	3.575	2.489	2.558
(d) Short-term provisions	1.484	0.713	2.319
Total Current Liabilities (4)	29.764	26.933	24.752

TOTAL	40.639	37.554	34.066

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.126	2.982	3.161
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.010	0.010	0.010
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.045	0.045	0.070
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	3.181	3.037	3.241

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	11.562	14.031	5.447
(c) Trade receivables	21.511	16.295	23.574
(d) Cash and cash equivalents	1.609	2.624	0.866
(e) Short-term loans and advances	2.776	1.567	0.938
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	37.458	34.517	30.825

TOTAL	40.639	37.554	34.066

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	121.424	103.798
	Other Income	2.511	1.387
	TOTAL (A)	123.935	105.185	106.136

Less	EXPENSES
	Cost of Materials Consumed	104.409	85.909
	Employees benefits expense	7.626	7.328
	Other expenses	2.428	2.823
	TOTAL (B)	114.463	96.060	105.053 (Including financial Expenses)

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	9.472	9.125

Less	FINANCIAL EXPENSES (D)	1.615	1.501

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	7.857	7.624	1.083

Less/ Add	DEPRECIATION/ AMORTISATION (F)	6.319	5.820	(0.835)

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	1.538	1.804	1.918

Less	TAX (I)	0.498	0.710	0.596

	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	1.040	1.094	1.322

	Earnings / (Loss) Per Share (Rs.)	20.81	21.89	26.44

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.86	1.05	1.25

Operating Profit Margin (PBDIT / Sales)	(%)	7.80	8.79	NA

Return on Total Assets (PBT/Total Assets}	(%)	3.79	4.81	5.63

Return on Investment (ROI) (PBT/Networth)		0.23	0.32	0.42

Debt Equity Ratio (Total Debt /Networth)		2.03	2.50	2.00

Current Ratio (Current Asset/Current Liability)		1.26	1.28	1.25

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	0.500	0.500	0.500
Reserves & Surplus	4.039	5.133	6.174
Net worth	4.539	5.633	6.674

long-term borrowings	3.274	4.988	4.201
Short term borrowings	5.790	9.119	9.318
Total borrowings	9.064	14.107	13.519
Debt/Equity ratio	1.997	2.504	2.026

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	106.136	103.185	123.935
		-2.780	20.110

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	106.136	103.185	123.935
Profit	1.322	1.094	1.040
	1.25%	1.06%	0.84%

LOCAL AGENCY FURTHER INFORMATION

CURRENT MATURITIES OF LONG TERM DEBT = NOT AVAILABLE

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	Yes
10]	Designation of contact person	Yes
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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----------
22]	Litigations that the firm / promoter involved in	-----------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----------
26]	Buyer visit details	-----------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Sheetal R. Patil	0.269	0.595
Sandeep Patil	0.692	0.762
Mahesh Kale	0.000	(0.001)
Technosales	0.698	0.678
Rajesh Patil	1.250	1.692
Vaishali Patil	0.539	0.777
Total	3.448	4.504

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10186868	14/10/2009	800,000.00	PUNJAB NATIONAL BANK	SHOP NO. 7 & 8, THE JEWEL OF PIMPRI, OPP. PCMC, P UNE - MUMBAI HIGHWAY, PIMPRI,, PUNE, Maharashtra - 411018, INDIA	A73697013
2	10134712	08/12/2008	750,000.00	PUNJAB NATIONAL BANK	SHOP NO. 7 & 8, THE JEWEL OF PIMPRI, OPP. PCMC, P IMPRI, PUNE, Maharashtra - 411018, INDIA	A53343943
3	10130072	22/09/2008	220,000.00	PUNJAB NATIONAL BANK	SHOP NO. 7 & 8, THE JEWEL OF PIMPRI, OPP. PCMC, P UNE - MUMBAI HIGHWAY, PIMPRI,, PUNE, Maharashtra - 411018, INDIA	A50273473
4	10002120	30/01/2010 *	6,500,000.00	PUNJAB NATIONAL BANK	SHOP NO. 7 & 8, THE JEWEL OF PIMPRI, OPP. PCMC, P UNE - MUMBAI HIGHWAY, PIMPRI,, PUNE, Maharashtra - 411018, INDIA	A79640744
5	80043100	29/09/2008 *	780,000.00	PUNJAB NATIONAL BANK	SHOP NO. 7 & 8, THE JEWEL OF PIMPRI, OPP. PCMC, P IMPRI, PUNE, Maharashtra - 411018, INDIA	A50972868

* Date of charge modification

FIXED ASSETS

Office Premises
Computer
Furniture and Fixture
Office equipment
Mobile handset
Vehicle-bike
Vehicle – Honda City
Vehicle-Tata Ace

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.64.04
UK Pound	1	Rs.99.03
Euro	1	Rs.71.76

INFORMATION DETAILS

Information Gathered by :	SVA

Analysis Done by :	KAR

Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.

MIRA INFORM REPORT

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