MIRA INFORM REPORT

Report Date :

22.12.2014

IDENTIFICATION DETAILS

Name :	ZUMBL SERVICES PRIVATE LIMITED
Registered Office :	354, Sector – 47, Gurgaon - 122018, Haryana
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	24.07.2012
Com. Reg. No.:	55-046563
Capital Investment / Paid-up Capital :	Rs. 0.106 Million
CIN No.: [Company Identification No.]	U72900HR2012PTC046563
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	RTKZ00167G
PAN No.: [Permanent Account No.]	AAACZ6262A
Legal Form :	Private Limited Liability Company
Line of Business :	To carry on the business of development of software and providing ITES services to internet users and customers in India.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 1800
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a relatively new company having moderate track record. Management remains non cooperative. Management of the company has failed to file its latest financial for the year 2014 with government department. Business is active as per the status shown in registrar of the companies. Payment terms are reported to be slow. The company can be considered for business dealings 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.

ECGC Country Risk Classification List – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

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

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

Unable to contact the company.

LOCATIONS

Registered Office :	354, Sector – 47, Gurgaon - 122018, Haryana, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	abhishek@zumnl.com
Website :	www.zumbl.com

DIRECTORS

As on 30.09.2013

Name :	Mr. Abhishek Gupta
Designation :	Director
Address :	House No. 354, Sector – 47, Gurgaon - 122018, Haryana, India
Date of Birth/Age :	28.02.1992
Date of Appointment :	24.08.2012
DIN No.:	05308107
Name :	Mr. Saurabh Kumar
Designation :	Director
Address :	B-54, Jwalamukhi Hostael, IIT Delhi, New Delhi – 110016, Delhi, India
Date of Birth/Age :	04.01.1993
Date of Appointment :	24.07.2012
DIN No.:	05308677

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders	No. of Shares	% of holding
Mr. Abhishek Gupta	5750	54.47
Mr. Saurabh Kumar	4250	40.26
Mr. Kunal Bahl	278	2.63
Mr. Rohit Bansal	278	2.63
Total	10556	100.00

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	94.73
Other top fifty shareholders	5.27
Total	100.00

BUSINESS DETAILS

Line of Business :	To carry on the business of development of software and providing ITES services to internet users and customers in india.
Products :	Not Available
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 :

Not Divulged

Bankers :

Banker Name	Not Divulged
Branch Address
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

Auditors :
Name :	Anuj Kumar Gupta and Company Chartered Accountant
Address :	354, LGF Sector – 47, Gurgaon - 122018, Haryana, India
Mobile No.:	91-9871673653/ 8130661200
E-Mail :	casnujkumargupta@gmail.com anujkumarguptaoffice@gamil.com
Website :	www.anujkumaegupta.com
PAN No.:	AAEPG1653M
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
30000	Equity Shares	Rs.10/- each	Rs. 0.300 Million
20000	Preference Shares	Rs.10/- each	Rs. 0.200 Million
	Total		Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10556	Equity Shares	Rs.10/- each	Rs. 0.106 Million

After 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
30000	Equity Shares	Rs.10/- each	Rs. 0.300 Million
20000	Preference Shares	Rs.10/- each	Rs. 0.200 Million
	Total		Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11100	Equity Shares	Rs.10/- each	Rs 0.111 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.106
(b) Reserves & Surplus	0.519
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.625
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.020
(c) Other current liabilities	0.000
(d) Short-term provisions	0.016
Total Current Liabilities (4)	0.036
TOTAL	0.661
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.019
Total Non-Current Assets	0.019
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.642
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	0.642
TOTAL	0.661

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013
	TOTAL INCOME	0.150
Less	EXPENSES	0.000
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	0.150
Less	FINANCIAL EXPENSES	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	0.150
Less/ Add	DEPRECIATION/ AMORTISATION	0.000
	PROFIT BEFORE TAX	0.036
Less	TAX	0.011
	PROFIT AFTER TAX	0.025
	Earnings Per Share (Rs.)	2.37

KEY RATIOS

PARTICULARS		31.03.2013
Return on Total Assets (PBT/Total Assets}	(%)	5.45
Return on Investment (ROI) (PBT/Networth)		0.06
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		17.83

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	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last one year	Yes
12]	Profitability for last one year	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	No
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	Yes
29]	Last accounts filed at ROC	No
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

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

OPERATIONS:

1. The company was incorporated on 24^th day of July 2012, by two student of IIT Delhi, to carry on the business of software and providing ITES services to Internet users and customers in India through the website www.zumbl.com , which is an online platform to chart and interact with strangers,. It enable end-users to chart with strangers more meaning fully by giving the end-users certain feature (“tags”), thus allowing the end users to possess a profile without disclosing real name. The initial capital of the company was Rs. 0.100 Millions. Both the promoters keep trying to develop the company on their own and presenting their idea at various forums. They won the “Samsung Innovation Award” which carry a prize of Rs. 0.150 Millions. This amount is shown as income in profit and loss account.

2. Since the revenue model of the company is very complex and will totally depend upon the users base. It need huge investment in the company as initial company. Keeping in mind the strength of the “Basic Concept” of the company and the long term profitability computations of company, during the month of March 2013, Mr. Kunal Behl and Mr. Rohit Bansal two Seed Investors, decided to invest Rs. 0.500 Millions in the company for taking 5% shares in the company. However this investment in the company was made with special rights as mentioned in share subscription agreement and shareholders Agreements signed on 16^th March 2013, some of which are enumerated as under :

2.1. Seed shares shall means a distinct class of shares, notwithstanding anything in section 85 and 85 of the Act, and each of Face Value Rs. 10/-

2.2. Seed shares shall be entail to cumulative dividend as a rate at which dividend is paid to the holders of other securities. No dividend shall be paid on any securities at a rate greater than the rate at which dividend are paid seed shares or until all accrued but unpaid have been paid on seed shares.

2.3. In the event of Liquidation, dissolution or winding up of the company, the surplus, if any remaining, after n=making payments as per priority of payments set forth in section 529A and section 530 of the companies Act, shall be first served to seed investors.

2.4. Right of Pre-emption is given to seed investors.

2.5. The promoters agreed to neither sell nor transfer any of their respective shares, for a period of three years. However for each month during second and third years of restriction duration. 1/24^th of the restrict shares shall become released shares.

2.6. Right of first refusal or tag along was given to seed investors

2.7. Right of first exit also awarded to seed investors.

3. The director are inform that by now the company is being liked by target users and is it user base is increasing rapidly. Based on the success received so far, they are sure to grow at very fast speed in the coming year.

FUTURE OUTLOOK

Till 2012-13, hey are utilizing the services of mainly IIT students. Later on during summer break they hired full time as interns. Now they are hiring experience Engineers from reputed institutes to improve the services provided by our web site. In addition to this they planning to have their own dedicated office facility by the end of this year.

The aware there competition is with the well-established web sites like WE-CHART, LINE etc. stand in the competition they have to improve the services on their directors under able guidance of seed investor are trying their best to arrange the second funding for the company.

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.63.06
UK Pound	1	Rs.98.73
Euro	1	Rs.77.45

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	RAS
Report Prepared by :	KLS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
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	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		26

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.