Acer India Private Limited

INDIA@ACER_INDIA_PRIVATE_LIMITED-155386_27-SEP-2011 PAGE NO.
: 1
MIRA INFORM REPORT

Report Date : 27.09.2011 IDENTIFICATION DETAILS Name : Registered Office : ACER INDIA PRIVATE LIMITED Embassy Heights, 6 Floor, No.13, Magrath Road, (Next to Hosmat Hospital), Bangalore 560 025, Karnataka India 31.03.2010 09.09.1999 08-25698 U31909KA1999PTC025698 0799008966 BLRA01844D
& Collection
th
Country : Financials (as on) : Date of Incorporation : Com. Reg. No.: CIN No.:
[Company Identification No.]
IEC No.: TAN No.:

[Tax Deduction Account No.]
Legal Form :
Private limited liability company. Wholly owned subsidiary of Acer Computer International, Singapore Manufacturer and Trader of Computer System Peripherals.
Line of Business :
RATING & COMMENTS MIRAs Rating : RATING 41-55 Ba Ba (49) STATUS Overall operation is considered normal. Capable to meet normal commitments. USD 3000000 PROPOSED CREDIT LINE Satisfactory
Maximum Credit Limit :
This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials. ISIEmergingMarketsPDF in-kpmg1 from 115.114.13.162 on 2013-08-14 07:37:33 EDT. DownloadPDF.
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INDIA@ACER_INDIA_PRIVATE_LIMITED-155386_27-SEP-2011 PAGE NO. : 2

Status : Payment Behaviour : Litigation : Comments : Satisfactory Usually correct Clear Subject is a well established company having satisfactory track. Financial position of the company appears to be good. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered good for normal 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 April 1, 2010 Country Name India Previous Rating (31.12.2009) A1 Current Rating (01.04.2010) A1
Risk Category Insignificant Low Moderate High Very High Restricted Off-credit
ECGC Classification A1 A2 B1 B2 C1 C2 D
INFORMATION PARTED BY Name : Designation : Mr. Shah Accountant
LOCATIONS

Registered Office : Tel. No.: Fax No.: E-Mail : Embassy Heights, 6 Floor, No.13, Magrath Road, (Next to Hosmat Hospital), Bangalore 560 025, Karnataka, India 91-80-25219520 / 25219521 / 25219523 / 40708700 91-80-25219535 narayana_raju@acer.co.in ailintouch@acer.co.in meenakshi_sundaram@acer.co.in alok_dubey@acer.co.in r_venugopal@acer.co.in ail_easycare@acer.co.in ailenquiries@acer.co.in http://www.acer.co.in 5000 sq. ft. Rented RS No. 132/4, Ramanathapuram Village, Villianur Commune, Pondicherry 605502, Tamilnadu, India Tel. No. 91-413-2666994 16000 sq. ft. Leased Bangalore No.873, 2nd Floor, 80 Feet Road, Indiranagar 1st Stage, Next to Krishna Temple, Bangalore 560075, Karnataka, India 91-80- 25210211 / 14. 91-80-25219536. New Delhi Ground Floor, B-28, Okhla Phase - I, New Delhi - 110 020, Delhi, India 91-11-40568000 / 40568001 / 2. 91-11-40568030 Mumbai # GR2, D Wing, Ground Floor, Remi Biz Court, Plot # 9, Shah Industrial Estate, Andheri (West), Mumbai - 400 058, Maharashtra, India 91-22-40738600 / 40738700 . 91-22-56975220. Chennai No.5 (Old No.3), 2nd Floor,1st Street, Nandanam Extension, Chennai - 600 035, Tamil Nadu, India 91-44 39408700 Hyderabad # 718, Swapnalok, 7th Floor, Sarojini Devi Road (S D Road), Secunderabad 500 003, Andhra Pradesh, India 91-40-39408700 / 39156802. 91-40-27891764 Kolkatta Ground Floor, P 540, Opp. Thyagaraja Hall, Near Lake Kalibari, Raja Basanta
th
Website : Area : Locations : Factory :
Area : Locations : Branch 1 : Address : Tel No.: Fax No.: Branch 2 : Address : Tel No.: Fax No.: Branch 3 : Address : Tel No.: Fax No.: Branch 4 : Address : Tel No.: Branch 5 : Address : Tel No.: Fax No.: Branch 6 : Address :

Tel No.: Branch 7 : Address : Tel No.: Fax No.: Branch 8 : Address : Tel No.: Fax No.: Branch 9 : Address : Tel No.: Fax No.: Branch 10 : Address : Tel No.: Fax No.: Branch 11 : Address : Tel No.: Branch 12 : Address : Tel No.: Branch 13 : Address : Tel No.: Global Office : Roy Road, Kolkata - 700 029, West Bengal, India 91-33-24669391 / 24669399 Guwahati No.303, 3rd floor, Orion tower, G.S.Tower, Christian Basti, Guwahati - 781 005, Assam, India 91-361-2344556 / 2345459 91-361-2344559. Nagpur C/o R.K.Business Centre, No.194, Cement Road, Dharampeth Extn., Nagpur 440010, Maharashtra, India 91-712-2535215 / 2547295 / 2560761 91-33-2528923 Cochin Mayur Business Centre, Pulleppady Jn., Chittoor Road, Kochi 682035, Kerala, India 91-484-2360915 / 2360462 / 2360463 / 2360464 91-484-2354262 Ahmedabad 406-407, Milestone Building, B/S. Drive-in Cinema, Drive In Road, Ahmedabad 380054, Gujarat, India 91-79-39408700 91-79-30171312 Chandigarh SCO 58-59, Level-3,Sector 34-A, Chandigarh -160022, Punjab, India 91-172-3029501 / 505 Pune # 1194/17, Ace House, 1st floor, Behind Levis Showroom, J. M. Road, Above Blue Dart office, Shivajinagar, Pune-411 005, Maharashtra, India 91-2032316580 / 81 Lucknow Dhan Nirman complex, Cabin No - 3, IInd Floor, 15, Ashok Marg, Lucknow 226001, Uttar Pradesh, India 91-522-2287062 / 4000899 Acer Inc. 21 F, 88, Hsin Tai Wu Road, Sec. 1 Hsichih, Taipei Hsien 221 Taiwan Tel. No. : 886-2-2696-1234 Fax No. : 886-2-2696-1777 Email : AlWebmaster@acer.com.tw Website : http://www.acer.com Asia Pacific Europe Latin America

Middle East and Africa North America
DIRECTORS As on 20.09.2009 Name : Designation : Address : Date of Birth/Age : Qualification : Date of Appointment : Name : Designation : Address : Date of Birth/Age : Date of Appointment : Mr. Mukund Walwekar Managing Director rd th th 372, 43 Cross, 9 Main, 5 Block, Jayanagar, Bangalore 560041, Karnataka, India 31.10.1955 B.E., PGDM 04.12.2000 Mr. Steve Lin Director A 71, Menara Inhah, Jallang Taman TVN, Abdul Razak 68000, Ampung, Selangor, Malaysia 26.09.1954 20.12.2002
KEY EXECUTIVES Name : Designation : Address : Date of Birth/Age : Date of Appointment : Name : Designation : Mr. Narayana Raju S. Company Secretary th nd 197/8, 9 Cross, 2 Block, jay Anagar, Bangalore- 560011 15.10.1969 20.12.2002 Mr. Shah Accountant
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN As on 20.09.2009 Names of Shareholders Acer Holdings International Inc, British Virgin Island Acer Computer (ME) Limited, UAE Total As on 20.09.2009 Category Foreign holding (Foreign institutional investor(s), Foreign Companie(s) Foreign financial institutional(s), Non-resident indian(s) or Overseas Percentage 100.00 No. of Shares 78803761 3 78803764

corporate bodies or other)
BUSINESS DETAILS Line of Business : Products : Manufacturer and Trader of Computer System Peripherals. Product Description Computer products Brand Names : Exports : Products : Countries : Imports : Products : Countries : Terms : Selling : Purchasing : Cash and Credit Cash and Credit Raw Material Singapore Computer Products Korea ACER Item Code No (ITC Code) 847330
PRODUCTION STATUS (As on 31.03.2010) Particulars Computers Servers Notebooks Unit Nos. Nos. Nos. Actual Production 333619 1755 10423
GENERAL INFORMATION Suppliers : Customers : Samsung, Korea and Group Company Wholesalers, End Users and Original Equipment Manufacturers Infosys Hindustan Lever Limited Around 200 Standard Chartered Bank, Raheja Tower, Sixth Floor, No.26-27 M G Road, Bangalore - 560001, Karnataka, India The Hongkong and Shanghai Banking Corporation Limited, 7 mG Roda, Bangalore 560 001, Karnataka, India Axis Bank, Bangalore
No. of Employees : Bankers :

Banking Relations : Auditors : Name : Address : Tel. No.: Fax No.: Holding Company: Ultimate Holding Company: Associates/Subsidiaries : BSR and Associates Chartered Accountants Maruti Infotech Centre, Inner Ring Road, 11/1 and 12/1, East Wing, II Floor, Koramangala, Bangalore 560 071, Karnataka, India 91-80-39806000 91-80-39806999 Acer Holdings International Inc Acer Computers (ME) Limited, Dubai Acer Sales and Service Sdn bhd, Malaysia Acer Computers Australia Pty Limited Acer Incorporated, Taiwan Wistron Corporation, Taiwan Acer Japan Corporation, Tokyo Acer Computer Company Limited, Thailand Acer Computers, Singapore PT Acer Indonesia Acer Europe AG Acer Service Corporation, U.S.A. Acer Philippines Inc. High Point Service Network, SDN BHD Acer Vietnam Company Limited Acer Computer (Shanghai) Limited Acer Asia Pacific Sdn Bhd. Malaysia Esplex Limited, England -
CAPITAL STRUCTURE As on 30.03.2009 Authorised Capital : No. of Shares Type
Value
Amount

127500000 Equity Shares Re.1/ each Rs.127.500 millions Issued, Subscribed & Paid-up Capital : No. of Shares Type 78803764 Equity Shares
Value Re.1/ each
Amount Rs.78.803 millions
NOTE: Of the above 78,803,761 equity shares are held by Acer Holdings International Inc, British Virgin Island, the companys holding company, Acer Inc, the ultimate holding company holds all the shares through its subsidiaries.
FINANCIAL DATA [all figures are in Rupees Millions] ABRIDGED BALANCE SHEET

SOURCES OF FUNDS SHAREHOLDERS FUNDS 1] Share Capital 2] Share Application Money 3] Reserves & Surplus 4] (Accumulated Losses) NETWORTH LOAN FUNDS 1] Secured Loans 2] Unsecured Loans TOTAL BORROWING DEFERRED TAX LIABILITIES TOTAL APPLICATION OF FUNDS FIXED ASSETS [Net Block] Capital work-in-progress INVESTMENT DEFERREX TAX ASSETS CURRENT ASSETS, LOANS & ADVANCES Inventories Sundry Debtors Cash & Bank Balances Other Current Assets Loans & Advances Total Current Assets Less : CURRENT LIABILITIES & PROVISIONS Sundry Creditors Other Current Liabilities Provisions Total Current Liabilities Net Current Assets MISCELLANEOUS EXPENSES TOTAL 6.595 0.000 0.000 43.731 9.745 0.000 0.000 23.994 12.225 0.885 0.000 35.466 31.03.2010 31.03.2009 31.03.2008
78.803 0.000 661.432 0.000 740.235 0.000 0.000 0.000 0.000 740.235
78.803 0.000 513.802 0.000 592.605 0.000 0.000 0.000 0.000 592.605
78.803 0.000 353.044 0.000 431.847 0.000 0.000 0.000 0.000 431.847
2027.595 2768.613 305.836 0.000 567.239 5669.283 4497.274 196.808 285.292 4979.374 6899.909 0.000 740.235
393.891 1744.844 124.355 0.000 397.827 2660.917 1748.583 109.155 244.313 2102.051 558.866 0.000 592.605
794.298 1499.155 200.328 0.000 333.785 2827.566 2010.606 158.990 274.699 2444.295 383.271 0.000 431.847
PROFIT & LOSS ACCOUNT PARTICULARS SALES Income Service Income 31.03.2010 31.03.2009

Other Income TOTAL Less EXPENSES TOTAL PROFIT BEFORE TAX Less TAX PROFIT AFTER TAX EARNINGS IN FOREIGN CURRENCY IMPORTS Raw Materials Traded goods Stores & Spares Fixed Assets TOTAL IMPORTS Earnings Per Share (Rs.) 5431.731 10367.358 70.500 0.000 15869.589 1.87 2702.440 6233.098 145.548 0.553 9081.639 2.04 16594.174 225.093 77.463 147.630 101.013 11648.396 215.537 54.780 160.757 106.212 16819.267 11863.933
KEY RATIOS PARTICULARS PAT / Total Income Return on Total Assets (PBT/Total Assets} Return on Investment (ROI) (PBT/Networth) Debt Equity Ratio (Total Liability/Networth) Current Ratio (Current Asset/Current Liability) (%) (%) 31.03.2010 0.88 3.97 31.03.2009 1.36 7.59 31.03.2008 ---
0.10
0.36
--
6.73
3.55
5.66
1.14
1.27
1.16
LOCAL AGENCY FURTHER INFORMATION NOTE: The Registered office of the company has been shifted from George Thangiah Complex, 80 Feet Road, Indiranagar, Bangalore, Karnataka, India. to present address w.e.f 11.12.2008.

OPERATIONS The Company has completed its tenth full year of operations. The Company has made a profit of Rs.147.630 millions. The Company achieved turnover of Rs.16663.096 millions (excluding Excise Duty), earned a Service income of Rs.72.728 millions and other income of Rs.83.443 millions. Background: Subject was incorporated on 9 September 1999, as a Private Limited Company under the Companies Act, 1956 ('the Act'). The Company is a subsidiary of Acer Holdings International Inc, British Virgin Island. The Company manufactures and trades in computer systems and peripherals. The Company also renden marketing and support services for Acer products. Form 8: Name of the company Presented By 1) Date and description of instrument creating change 2) Amount secured by the charge/amount owing on securities of charge 3) Short particular of the property charged. If property acquired is subject to charge, date of acquired of the property should be given the the the the ACER INDIA PRIVATE LIMITED Standard Chartered Bank 26/27, M G Road, Bangalore - 560001 Agreement of Hypothecation of Stocks and Book Debts Dated 29.11.2000 Rs.70.000 Millions Hypothecation of Raw Materials, Work in Progress, Finished Goods, Stores, Spares and Other current assets, present and future (Stored or to be stored) and book debts present and future belonging to the company. The charge operated on a pari Passu charge eithout any preference or priority of one bank over the other in respect of the bills discounting facility provided to the company, interests at market related quotes. Standard Chartered Bank 26/27, M G Road, Bangalore - 560001 30.01.2006 Supplementary Hypothecation Agreement of Stocks/ Book Debts Dated 30.01.2006 for Rs.150.000 Millions In Favour of Standard Chartered Bank Total Limits modified/enhanced from Rs.150.000 Millions (Bills, Invoice, Discounting/ OD/ WC Loan/ Discrepant documents/ partial recourse facility to business partners/ LC Rs.50.000 Millions Guarantee Rs.100.000 Millions)
4) Gist of the terms and conditions and extent and operation of the charge.
5) Name and Address and description of the person entitled to the charge. 6) Date and brief description of instrument modifying the charge
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.
This form is for Charge identification number of the modified Corporate identity number of the company
Modification of charge 90200738 U31909KA1999PTC025698

Name of the company Address of the registered office or of the principal place of business in India of the company Type of charge ACER INDIA PRIVATE LIMITED st 1 Floor, George Thangaiah Complex (East), 80 Feet Road, Indira Nagar, Bangalore 560 075, Karnataka, India Book Debts Others All Current Assets ( present and future ) The Hongkong and Shanghai Banking Corporation Limited, 7 M G Roda, Bangalore 560 001, Karnataka, India Sixth Supplemental Agreement for Rs.430.000 millions 25.05.2007 Rs.430.000 millions Rate of Interest Interest shall be payable by the company on the banking facilities as per bank's tariff, subject however that the Bank shall have the right to change the rate of interest after giving notice to the Company.
Particular of charge holder
Nature of description of the instrument creating or modifying the charge Date of instrument Creating the charge Amount secured by the charge Brief particulars of the principal terms an conditions and extent and operation of the charge
Terms of Repayment In consideration of banking facilities sanctioned / to be sanctioned by the bank to the company, the company has hypothecated and charged to the bank by way of First charge as a continuing security, the assets mentioned in the deed of hypothecation to secure the repayments of the advances together with interest cost and all other charges Margin The company shall maintain such margin as may be specified by the bank from time to time. Extent and Operation of the charge In case the company fails to fulfill its obligations under the agreement, the bank shall be entitled to take possession of the hypothecated properties and sell them by public auction or private contract and utilize the proceeds in full or part settlement of its claims Acer India Private Limited RS No. 132/4, Villianur Con\mmunue Ramanathapuram Village Pondicherry - 605502 for Stocks 28.09.2005 At the request of the company, HSBC has agreed to increase the maximum limit of the said facilities from Rs.330.000 millions to Rs.430.000 millions. in the
Short particulars of the property charged
Date of latest modification prior to the present modification Particulars of the present modification

manner and on the terms and conditions hereinafter contained. FIXED ASSETS: Leasehold Improvements Plant and Machinery Computer Equipment Office Equipment Furniture and Fixtures Vehicles
WEBSITE DETAILS Since its founding in 1976, Acer has achieved the goal of breaking the barriers between people and technology. Globally, Acer ranks No. 2 for total PCs and notebooks. A profitable and sustainable Channel Business Model is instrumental to the company's continuing growth, while its multi-brand approach effectively integrates Acer, Gateway, Packard Bell, and eMachines brands in worldwide markets. Subject strives to design environmentally friendly products and establish a green supply chain through collaboration with suppliers. Subject is proud to be a Worldwide Partner of the Olympic Movement, including the Vancouver 2010 Olympic Winter and London 2012 Olympic Games. Over 30 years of making history in the fast-paced IT industry, Subjects far-reaching strategy of focusing on R and D and marketing development has laid the foundations and created a company ready to embrace the challenges of the future. The Acer Group employs 8,000 people worldwide. Estimated revenues for 2010 reached US$19.9 billion. Milestones 976-1986: Commercialize microprocessor technology Subject's founder, Stan Shih, has always been passionate about sharing knowledge as a way of contributing to society. Acer actively engaged in teaching others about microprocessor technology, and promoting computer usage in everyday life. At this time, the company established its manufacturing operations, and played a significant role to popularizing the use of computers in Taiwan. 1987-2000: Create a brand name and globalize In 1987, Multitech formally became known as Acer, marking the start of Subject's efforts toward creating a strong brand name. During this second ten-year stage of development, Acer grew extensively and expanded its strategic and geographic footprint to become one of the world's top ten PC vendors. Priority was placed on delivering the freshest, most affordable technology to benefit consumers worldwide. 2001-2007: Transform from manufacturing to services Subject evolved from a manufacturing powerhouse to a globally-recognized computer brand, providing worldclass IT products and services. Subject's unique Channel Business Model enabled the company to achieve sustainable worldwide growth. The model offers flexibility to adapt to changing global IT market trends, involves

collaborating with the industry's top-tier partners and suppliers, while minimizing operating expense and enhancing profitability. In 2007, Subject ranked as the world's No. 3 PC vendor. 2008-beyond: Enhance worldwide presence with a new multi-brand strategy With the successful completion of the mergers of Gateway and Packard Bell, Subject seeks to further strengthen its global footprint with a new multi-brand strategy and solid partnerships. As the worlds No. 2 PC company, Subject now sets its sight on becoming the No. 1 notebook maker as well as leadership in the mobile device market. Furthermore, Subject is taking bold strides to expand its presence in China to enhance competitiveness on a worldwide scale. PRESS RELEASE 21 Sep 2011
Lilia Wang to Act as Acer CFO; Che-min Tu Appointed Special Assistant to the Chairman
Acer Inc.s chief financial officer (CFO), Che-min Tu, shall transfer to the position of special assistant to the chairman, while Acer global controller and EMEA CFO, Lilia Wang, shall act as CFO. Due to health reasons, Tu will be released from the position of Acer CFO. In his new role, Tu shall be responsible for the planning and implementation of projects assigned by Acer chairman. Meanwhile, the company will begin search for a new CFO candidate and hopes to complete the recruitment over the next four months. Considering the overall needs of Acers financial unit, including organizational management and personnel planning, Wang has been chosen as acting CFO. Earlier this month, she was appointed to serve as Acer EMEA CFO, concurrent to her role of global controller. Wang has accumulated more than 25 years at Acer.

CMT REPORT (Corruption, Money Laundering & Terrorism] The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc. 1] INFORMATION ON DESIGNATED PARTY No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws. 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. Asset Declaration : No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction. Record on Financial Crime : Charges or conviction registered against subject: Records on Violation of Anti-Corruption Laws : Charges or investigation registered against subject: Records on Intl Anti-Money Laundering Laws/Standards : Charges or investigation registered against subject:
2]
3]
4]
None
5]
None
6]
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. 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. 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. Press Report : No press reports / filings exists on the subject.
8]
9]
10]

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 companys 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 US Dollar UK Pound Euro Unit 1 1 1 Indian Rupees Rs.49.18 Rs.76.65 Rs.66.63

SCORE & RATING EXPLANATIONS SCORE FACTORS HISTORY PAID-UP CAPITAL OPERATING SCALE FINANCIAL CONDITION --BUSINESS SCALE --PROFITABILIRY --LIQUIDITY --LEVERAGE --RESERVES --CREDIT LINES --MARGINS DEMERIT POINTS --BANK CHARGES --LITIGATION --OTHER ADVERSE INFORMATION MERIT POINTS --SOLE DISTRIBUTORSHIP --EXPORT ACTIVITIES --AFFILIATION --LISTED --OTHER MERIT FACTORS TOTAL RANGE 1~10 1~10 1~10 1~10 1~10 1~10 1~10 1~10 1~10 -5~5 YES/NO YES/NO YES/NO YES/NO YES/NO YES/NO YES/NO YES/NO POINTS 5 5 5 6 6 6 5 6 5 -YES NO NO NO YES YES NO YES 49
This score serves as a reference to assess SCs 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%) Credit history (10%) Ownership background (20%) Market trend (10%) Payment record (10%) Operational size (10%)

RATING EXPLANATIONS
RATING >86 71-85 Aaa Aa
STATUS Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums Overall operation is considered normal. Capable to meet normal commitments. Capability to overcome financial difficulties seems comparatively below average. Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity Absolute credit risk exists. Caution needed to be exercised
PROPOSED CREDIT LINE Unlimited Large
56-70
Fairly Large
41-55 26-40 11-25 <10
Ba B Ca C
Satisfactory Small Limited with full security Credit not recommended
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

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INDIA@ACER_INDIA_PRIVATE_LIMITED-155386_27-SEP-2011 PAGE NO.

MIRA INFORM REPORT

IEC No.: TAN No.:

Maximum Credit Limit :

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INFORMATION PARTED BY Name : Designation : Mr. Shah Accountant

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Website : Area : Locations : Factory :

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No. of Employees : Bankers :

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CAPITAL STRUCTURE As on 30.03.2009 Authorised Capital : No. of Shares Type

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Value Re.1/ each

Amount Rs.78.803 millions

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Modification of charge 90200738 U31909KA1999PTC025698

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Particular of charge holder

Short particulars of the property charged

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RATING >86 71-85 Aaa Aa

PROPOSED CREDIT LINE Unlimited Large

41-55 26-40 11-25 <10

Satisfactory Small Limited with full security Credit not recommended

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