MIRA INFORM REPORT

Report No. :	344248
Report Date :	08.10.2015

IDENTIFICATION DETAILS

Name :	ALPHA DIGITAL EQUIPMENTS PRIVATE LIMITED

Registered Office :	11, Shatrunjay Giri, Ashok Chkravarti Road, Kandivali (East), Mumbai – 400 101, Maharashtra
Tel. No.:	91-22-28879849/ 28872870

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	13.05.1992

Com. Reg. No.:	11-066756

Capital Investment / Paid-up Capital :	Rs. 0.100 Million

CIN No.: [Company Identification No.]	U72300MH1992PTC066756

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	MUMA33447B

PAN No.: [Permanent Account No.]	AAACA7067J

Legal Form :	Private Limited Liability Company

Line of Business :	Company is engaged in trading of electronics IT enabled Products Like Computer, Laptop, Printers etc.

No. of Employees :	5 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is an established company having moderate track. For the financial year ended 2014, the company has satisfactory sales turnover along with profitability margin of 1.2%. The rating is constrained on account of small net worth position, weak financial base and leverage liquidity profile. Trade relations are fair. Business is active. Payments are slow but correct. The company can be considered for business with some caution.

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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Rahul
Designation :	Account Executive
Contact No.:	91-22-28879849
Date :	08.10.2015

LOCATIONS

Registered Office :	11, Shatrunjay Giri, Ashok Chkravarti Road, Kandivali (East), Mumbai – 400 101, Maharashtra, India
Tel. No.:	91-22-28879849/ 28872870
Fax No.:	91-22-28879849/ 28855194
E-Mail :	jaydeepsampat@gmail.com jain50@hotmail.com
Location :	Owned
Locality :	Commercial

DIRECTORS

As on 30.09.2014

Name :	Mr. Syed Liyaquatali Jagirdar
Designation :	Director
Address :	B-602, Senate, Lokhandwala Complex, Akurli Road, Kandivali (East), Mumbai – 400 101, Maharashtra, India
Date of Birth/Age :	04.12.1959
Date of Appointment :	13.05.1992
DIN No.:	01638819

Name :	Mr. Anil Balram Jethwaney
Designation :	Director
Address :	304, D Wing, Brook Hill Tower, Lokhandwala Complex, Andheri (West), Mumbai – 400 053, Maharashtra, India
Date of Birth/Age :	01.12.1961
Date of Appointment :	13.05.1992
DIN No.:	03294844

KEY EXECUTIVES

Name :	Mr. Rahul
Designation :	Account Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Syed Liyaquatali Jagirdar	5000	50.00
Anil Balram Jethwaney	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Company is engaged in trading of electronics IT enabled Products Like Computer, Laptop, Printers etc.

Products :	Computer Laptop Printers

Brand Names :	Not Available

Agencies Held :	HP

Exports :	Not Available

Imports :	Not Available

Terms :
Selling :	Cash and Credit

Purchasing :	Cash and Credit

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Ingram Micro India Limited
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Ruchi Infotech
Helwate Packard
Redington (India) Limited
Savex Computers Limited (Cartaiges)

Customers :

End Users

Reference :	Oil and Natural Gas Corporation Limited
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Maharashtra Housing Area
Wipro Limited
Pawan Hans Helicopter

No. of Employees :

5 (Approximately)

Bankers :

Bank Name	Bank of Baroda
Branch	Kandivali (East) Branch, Ashok Chakravarti Road, Ashok Nagar, Kandivali (East), Mumbai – 400 101, 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

Facilities :

Secured Loans	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG TERM BORROWINGS
Car Loan from SBI	0.368	0.479
Bank of Baroda O/D A/c-035	0.011	0.009
Total	0.379	0.488


Banking Relations :	--

Auditors :
Name :	Akshay R. Mehta and Company Chartered Accountants
Address :	C/23, Bhanu Park, Adukia Road, Kandivali (West), Mumbai – 400 067, Maharashtra, India
Tel. No.:	91-22-28624115
Mobile No.:	91-9029408029
E-Mail :	akshaymaheta.ca@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	BQWPM9473L

Memberships :	--

Collaborators :	--

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

10,000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10,000	Equity Shares	Rs.10/- each	Rs. 0.100 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	0.100	0.100	0.100
(b) Reserves & Surplus	3.346	2.747	2.456
(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)	3.446	2.847	2.556

(3) Non-Current Liabilities
(a) long-term borrowings	0.379	0.488	1.080
(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	0.000
Total Non-current Liabilities (3)	0.379	0.488	1.080

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.885	13.413	0.813
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	0.492	0.211	0.084
Total Current Liabilities (4)	1.377	13.624	0.897

TOTAL	5.202	16.959	4.533

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.536	0.665	0.821
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.536	0.665	0.821

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1.400	4.957	1.077
(c) Trade receivables	0.691	6.766	1.483
(d) Cash and cash equivalents	2.096	0.655	0.306
(e) Short-term loans and advances	0.479	3.916	0.846
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	4.666	16.294	3.712

TOTAL	5.202	16.959	4.533

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	46.989	37.412	38.203
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA

Less	EXPENSES		NA	NA	NA

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.996	0.581	0.575

Less/ Add	DEPRECIATION/ AMORTISATION		0.128	0.161	0.192

	PROFIT BEFORE TAX		0.868	0.420	0.383

Less	TAX		0.268	0.130	0.000

	PROFIT AFTER TAX		0.600	0.290	0.383

	Earnings Per Share (Rs.)		60.00	29.00	38.00

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.28	0.78	1.00

Return on Total Assets (PBT/Total Assets}	(%)	16.69	2.48	8.45

Return on Investment (ROI) (PBT/Networth)		0.25	0.15	0.15

Debt Equity Ratio (Total Debt /Networth)		0.11	0.17	0.42

Current Ratio (Current Asset/Current Liability)		3.39	1.20	4.14

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	0.100	0.100	0.100
Reserves & Surplus	2.456	2.747	3.346
Net worth	2.556	2.847	3.446

long-term borrowings	1.080	0.488	0.379
Short term borrowings	0.000	0.000	0.000
Total borrowings	1.080	0.488	0.379
Debt/Equity ratio	0.423	0.171	0.110

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	38.203	37.412	46.989
		(2.071)	25.599

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	38.203	37.412	46.989
Profit	0.383	0.290	0.600
	1.00%	0.78%	1.28%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of establishment	Yes
2]	Constitution of the entity Incorporation details	Yes
3]	Locality of the entity	Yes
4]	Premises details	No
5]	Buyer visit details	--
6]	Contact numbers	Yes
7]	Name of the person contacted	Yes
8]	Designation of contact person	Yes
9]	Promoter’s background	Yes
10]	Date of Birth of Proprietor / Partners / Directors	Yes
11]	Pan Card No. of Proprietor / Partners	No
12]	Voter Id Card No. of Proprietor / Partners	No
13]	Type of business	Yes
14]	Line of Business	Yes
15]	Export/import details (if applicable)	No
16]	No. of employees	Yes
17]	Details of sister concerns	No
18]	Major suppliers	Yes
19]	Major customers	Yes
20]	Banking Details	Yes
21]	Banking facility details	Yes
22]	Conduct of the banking account	--
23]	Financials, if provided	Yes
24]	Capital in the business	Yes
25]	Last accounts filed at ROC, if applicable	Yes
26]	Turnover of firm for last three years	Yes
27]	Reasons for variation <> 20%	--
28]	Estimation for coming financial year	No
29]	Profitability for last three years	Yes
30]	Major shareholders, if available	Yes
31]	External Agency Rating, if available	No
32]	Litigations that the firm/promoter involved in	--
33]	Market information	--
34]	Payments terms	Yes
35]	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10058218	23/08/2013 *	6,000,000.00	BANK OF BARODA	KANDIVALI (EAST) BRANCH, ASHOK CHAKRAVARTI ROAD,, ASHOK NAGAR, KANDIVALI (EAST),, MUMBAI, Maharashtra - 400101, INDIA	B85238764

* Date of charge modification

FIXED ASSETS

· Furniture and Fixtures

· Air Conditioner

· Fax Machine

· Mobile Phones

· Motor Car

· Plant and Machinery

· Television

· Computer

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.25
UK Pound	1	Rs.99.53
Euro	1	Rs.73.46

INFORMATION DETAILS

Information Gathered by :	SUP

Analysis Done by :	TRI

Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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

INDEX OF CHARGES

Unit