MIRA
INFORM REPORT

Report Date :

20.12.2012

Mobile No.:

+91-981 148 0042

E-Mail :

[email-masked]

Website :

www.gtechlearn.com

IDENTIFICATION DETAILS

Name :

GTECHLEARN

Registered Office
:

415, Sector – 26, Dwarka, New Delhi – 110077

Country :

India

Financials (as
on) :

31.03.2012

Year of
Establishment :

November, 2011

Capital
Investment / Paid-up Capital :

Rs.3.000 Millions (Estimated)

Legal Form :

Partnership Concern with an unlimited liability of the partners

Line of Business
:

Trader and Consultancy of Technology and Business Process Learning
Services.

No. of Employees
:

Above 35 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

NB

RATING

STATUS

PROPOSED CREDIT LINE

-

NB

New Business

-

Maximum Credit Limit :

USD 12000

Status :

New Business

Payment Behaviour :

Slow but correct

Litigation :

Clear

Comments :

Subject is a new partnership concern and establishing itself
gradually. Mr. Kuldeep Singh, a partner has provided general details but
denied to disclose any financial data. As per indirect source we found that
the subject has achieved better sales turnover during its first year of operation
i.e. 2012.

Trade relations are reported as fair. Business is active. Payment
terms are slow but correct.

The concern can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made
on e-mail : [email-masked]
while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

A1

A1

Risk Category

ECGC
Classification

Insignificant

A1

Low

A2

Moderate

B1

High

B2

Very High

C1

Restricted

C2

Off-credit

D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.

Source
: CIA

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 31-03-2012.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :

Mr. Kuldeep Singh

Designation :

Partner

Contact No.:

91-9811480042

Date :

17.12.2012

LOCATIONS

Registered Office :

415, Sector – 26, Dwarka, New Delhi – 110077, India

Tel. No.:

Not Available

Mobile No.:

91-9811480042 (Mr. Kuldeep Singh)

Fax No.:

Not Available

E-Mail :

[email-masked]

Website :

www.gtechlearn.com

PARTNERS

Name :

Mr. Kuldeep Singh

Designation :

Partner

Name :

Ms. Neelam Tomar

Designation :

Partner

BUSINESS DETAILS

Line of Business :

Trader and Consultancy of Technology and Business Process Learning
Services.

Agencies Held :

Microsoft

Oracle

EMC

Terms :

Selling :

Cash and Credit (30 Days)

Purchasing :

Cash and Credit (30 Days)

GENERAL INFORMATION

No. of Employees :

Above 35 (Approximately)

Bankers :

Standard Chartered Bank, New Delhi, India

Banking
Relations :

--

Auditors :

Not Available

Name :

Chartered Accountants

CAPITAL STRUCTURE

Subject refused to
give more information. Financial are according to our trade source and
observation.

As on 31.03.2012

Capital Investment :

Owned :

Rs.3.000 Millions (Estimated)

Borrowed :

--

Total :

Rs.3.000 Millions (Estimated)

FINANCIAL DATA

[all figures are
in Rupees Millions]

Particulars

31.03.2012

Sales Turnover (Approximately)

25.000

The above information has been parted by Mr. Kuldeep Singh

Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.

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

No

8]

No. of employees

Yes

9]

Name of person contacted

Yes

10]

Designation of contact
person

Yes

11]

Turnover of firm for last
one year

Yes

12]

Profitability for last one
year

No

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

Yes

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

No

25]

Conduct of the banking
account

--

26]

Buyer visit details

--

27]

Financials, if provided

Yes

28]

Incorporation details, if
applicable

No

29]

Last accounts filed at
ROC

No

30]

Major Shareholders, if
available

No

31]

Date of Birth of
Proprietor/Partner/Director, if available

No

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

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.

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.54.74

UK Pound

1

Rs.89.02

Euro

1

Rs.72.48

INFORMATION DETAILS

Report Prepared
by :

BSN

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

-