MIRA INFORM REPORT

Report No. :	345419
Report Date :	17.10.2015

IDENTIFICATION DETAILS

Name :	INFOCOM BOOKS (INDIA) PRIVATE LIMITED DREAM TECH PRESS (A DIVISION OF INFOCOM BOOKS (INDIA) PRIVATE LIMITED)
Registered Office :	19-A, Ansari Road, Darya Ganj, New Delhi - 110002
Tel. No.:	91-11-43551180
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	01.04.1999
Com. Reg. No.:	55-099109
Capital Investment / Paid-up Capital :	Rs. 4.950 Million
CIN No.: [Company Identification No.]	U22110DL1999PTC099109
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELI02796D
PAN No.: [Permanent Account No.]	AAACI5107K
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of Publication of Books.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 221000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1999 having satisfactory track record. As per our sources and investigation we found that DREAMTECH PRESS is a division of the subject company which was later confirmed by company management as well. The company possesses satisfactory operational performance it has achieved profit of Rs. 5.760 Million during FY 2014. Rating also takes into consideration company’s established track record of business operations marked by sound financial base along with above average debt protection indicators and favorable gap between trade payables to its receivables. Trade relations are reported as fair. Payment terms are reported to be usually correct. In view of aforesaid, 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

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 DECLINED BY

Name :	Mr. Dipak Bohra
Designation :	Marketing Manager
Contact No.:	91-11-43551180
Date :	16.10.2015

LOCATIONS

Registered Office :	19-A, Ansari Road, Darya Ganj, New Delhi – 110002, India
Tel. No.:	91-11-43551180
Mobile No.:	91-9811284268 (Mr. M. V. Shastri)
Fax No.:	Not Available
E-Mail :	editorial@dreamtechpress.com marketing@dreamtechpress.com
Website :	http://www.dreamtechpress.com

DIRECTORS

AS ON 29.09.2014

Name :

Mr. Rajender Kumar Gupta

Designation :

Managing Director

Address :

7/28, Roop Nagar, Delhi - 110007, India

Date of Birth/Age :

12.04.1941

Date of Appointment :

01.04.1999

DIN No.:

00382804

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	Company/ LLP Status	Defaulting status
1	U74899DL1982PTC014219	S.B.P. CONSULTANTS AND ENGINEERS PVT LTD	Managing director	21/08/1982	21/08/1982	Active	NO
2	U74899DL1987PTC029964	COMDEX BOOKS PRIVATE LIMITED	Director	04/12/1987	04/12/1987	Active	NO
3	U74899DL1994PTC060016	SBP INTERNATIONAL PRIVATE LIMITED	Director	04/07/1994	04/07/1994	Strike off	NO
4	U22110DL1999PTC099109	INFOCOM BOOKS (INDIA) PRIVATE LIMITED	Managing director	01/04/1999	01/04/1999	Active	NO

Name :

Mrs. Usha Gupta

Designation :

Director

Address :

7/28, Roop Nagar, Delhi - 110007, India

Date of Birth/Age :

18.02.1949

Date of Appointment :

31.12.2004

DIN No.:

00382839

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	Company/ LLP Status	Defaulting status
1	U22110DL1999PTC099109	INFOCOM BOOKS (INDIA) PRIVATE LIMITED	Director	31/12/2004	31/12/2004	Active	NO
2	U74899DL1994PTC060016	SBP INTERNATIONAL PRIVATE LIMITED	Director	09/01/2006	09/01/2006	Strike off	NO

Name :

Mr. Rahul Gupta

Designation :

Whole-Time Director

Address :

7/28, Roop Nagar, Delhi - 110007, India

Date of Birth/Age :

17.12.1977

Date of Appointment :

01.10.2009

DIN No.:

00382781

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	Company/ LLP Status	Defaulting status
1	U74899DL1987PTC029964	COMDEX BOOKS PRIVATE LIMITED	Director	29/12/1999	29/12/1999	Active	NO
2	U74899DL1982PTC014219	S.B.P. CONSULTANTS AND ENGINEERS PVT LTD	Director	12/04/2000	12/04/2000	Active	NO
3	U74899DL1994PTC060016	SBP INTERNATIONAL PRIVATE LIMITED	Director	12/04/2000	12/04/2000	Strike off	NO
4	U22110DL1999PTC099109	INFOCOM BOOKS (INDIA) PRIVATE LIMITED	Whole-time director	01/10/2009	31/12/2004	Active	NO
5	U93030DL2009PTC197447	RUSH INTELEMEDIA PRIVATE LIMITED	Director	30/12/2009	30/12/2009	Active	NO
6	U74900DL2011PTC219380	CREATIVE CHILDREN MEDIA PRIVATE LIMITED	Director	18/05/2011	18/05/2011	Active	NO
7	AAD-2243	PLANET DIGITAL TRAINING SERVICES LLP	Designated Partner	19/01/2015	19/01/2015	Active	NO

KEY EXECUTIVES

Name :	Mr. Dipak Bohra
Designation :	Marketing Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2014

Names of Shareholders	No. of Shares
Rahul Gupta	90160
Rajender Gupta	105055
Usha Gupta	140055

AS ON 29.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of Publication of Books.
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS: Not AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

Not Divulged

Bankers :

Bank Name:	Not Divulged
Branch:	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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· The Vaish Co-Operative New Bank Limited

Office 7-B, Netaji Subhash Marg, Daryaganj,, New Delhi - 110002, India

· The Vaish Co-Operative New Bank Limited

3778 Netaji Subhash Marg, Daryaganj, Delhi - 110002, Delhi, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
SHORT TERM BORROWING
Loan Repayable on demand- From Bank
Car Loan from Vaish Cooperative Bank (Secured by hypothecation of Car)	0.000	0.500
Cash Credit facilities from The Vaish Co-operative Bank Ltd* (Secured by hypothecation of inventory, book debts and collateral security)	29.270	27.110
Total	29.270	27.610

Banking Relations :	--
Auditors :
Name :	Garg Aggarwal and Associates Chartered Accountants
Address :	16-C, 16^th Floor, Atma Ram House, 1, Tolstoy Marg, Delhi – 110001, India
Income-tax PAN of auditor or auditor's firm :	AADFG9326J
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,500,000	Equity Shares	Rs. 10/- each	Rs. 15.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
494,965	Equity Shares	Rs. 10/- each	Rs. 4.950 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	4.950	4.950	4.950
(b) Reserves & Surplus	72.549	66.789	61.091
(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)	77.499	71.739	66.041
(3) Non-Current Liabilities
(a) Long-term borrowings	28.129	25.879	23.954
(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	1.462	1.191	0.806
Total Non-current Liabilities (3)	29.591	27.070	24.760
(4) Current Liabilities
(a) Short term borrowings	29.270	27.610	24.674
(b) Trade payables	34.093	34.871	19.981
(c) Other current liabilities	7.038	5.489	6.754
(d) Short-term provisions	0.286	0.527	0.371
Total Current Liabilities (4)	70.687	68.497	51.780
TOTAL	177.777	167.306	142.581
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	26.901	27.695	27.607
(ii) Intangible Assets	0.265	0.268	0.297
(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)	0.961	0.641	0.484
(d) Long-term Loan and Advances	0.013	0.014	0.014
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	28.150	28.628	28.412
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	82.081	55.730	52.385
(c) Trade receivables	58.079	78.337	56.015
(d) Cash and cash equivalents	7.319	3.680	3.059
(e) Short-term loans and advances	2.118	0.903	2.688
(f) Other current assets	0.030	0.028	0.022
Total Current Assets	149.627	138.678	114.169
TOTAL	177.777	167.306	142.581

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Turnover	131.261	159.056	116.685
		Other Income	NA	NA	NA
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX		8.175	8.258	6.792
Less	TAX		2.415	2.564	2.127
	PROFIT/ (LOSS) AFTER TAX		5.760	5.694	4.665
	EARNINGS IN FOREIGN CURRENCY
		Royalty Received	0.447	0.474	0.000
	Earnings Per Share (Rs.)		11.64	11.50	9.42

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	0.000	0.000	0.065
Cash Generated from Operations	NA	NA	NA
Net Cash Flow from used in Operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	4.39	3.58	4.00
Return on Total Assets (PBT/Total Assets}	(%)	4.62	4.96	4.78
Return on Investment (ROI) (PBT/Networth)		0.11	0.12	0.10
Debt Equity Ratio (Total Debt/Networth)		0.74	0.75	0.74
Current Ratio (Current Asset/Current Liability)		2.12	2.02	2.20

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	4.950	4.950	4.950
Reserves & Surplus	61.091	66.789	72.549
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	66.041	71.739	77.499
Long-term borrowings	23.954	25.879	28.129
Short term borrowings	24.674	27.610	29.270
CURRENT MATURITIES OF LONG-TERM DEBTS	0.065	0.000	0.000
Total borrowings	48.693	53.489	57.399
Debt/Equity ratio	0.737	0.746	0.741

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)
Turnover	116.685	159.056	131.261
		36.312	(17.475)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Turnover	116.685	159.056	131.261
Profit	4.665	5.694	5.760
	4.00%	3.58%	4.39%

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	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
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	No
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	10402122	30/01/2013	600,000.00	THE VAISH CO-OPERATIVE NEW BANK LIMITED	3778 NETAJI SUBHASH MARG, DARYAGANJ, DELHI - 110002, INDIA	B67757641
2	80027148	15/12/2011 *	30,000,000.00	THE VAISH CO-OPERATIVE NEW BANK LIMITED	OFFICE 7-B, NETAJI SUBHASH MARG, DARYAGANJ,, NEW DELHI - 110002, INDIA	B28235513

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Loan and advances from related Parties
Directors	10.230	9.530
Other than Directors	17.049	15.499
Loan and advances from other than related parties	0.850	0.850
Total	28.129	25.879

OPERATIONS

This is the Fourteenth financial year of the Company. The company has done the business of publication of books.

The company has achieved a turnover of Rs.131.261 Million as against Rs.159.056 Million in the previous year

The directors are quite optimistic for the future and making sincere efforts to increase the turnover.

FIXED ASSETS:

Tangible Assets

· Building at Noida

· Computers-Hardware

· Office Equipment’s

· Furniture’s and Fixtures

· Vehicles

Intangible Assets

· Computer 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 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.64.97
UK Pound	1	Rs.100.55
Euro	1	Rs.73.99

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KAR
Report Prepared by :	ARC

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
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		43

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.