MIRA INFORM REPORT

Report Date :

23.12.2014

IDENTIFICATION DETAILS

Name :	PROBIZ TECHNOLOGIES PRIVATE LIMITED

Registered Office :	Flat # 302, Mahalaxmi Jasmine Apartments, No.28th, 14th 'B' Cross, Sarakki Layout, J.P. Nagar 1st Phase, Bangalore – 560078, Karnataka

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	07.05.2009

Com. Reg. No.:	08-049789

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

CIN No.: [Company Identification No.]	U72200KA2009PTC049789

IEC No.:	Not Divulged

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	Not Available

Legal Form :	Private Limited Liability Company

Line of Business :	Trader, Exporter and Importer of Fire and Safety Equipments and Also providing It Services

No. of Employees :	Above 20 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 1200

Status :	Small Company

Payment Behaviour :	Slow But Correct

Litigation :	Clear

Comments :	Subject is small company in its field. Its scale of activities are limited. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small to medium 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

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

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Sirajudeen Shukath
Designation :	Director
Contact No.:	91-9900029602
Date :	20.12.2014

LOCATIONS

Registered Office :	Flat # 302, Mahalaxmi Jasmine Apartments, No. 28th, 14th 'B' Cross, Sarakki Layout, J.P. Nagar 1st Phase, Bangalore – 560078, Karnataka, India
Tel. No.:	Not Available
Mobile No.:	91-9900029602 (Mr. Sirajudeen Shukath)
Fax No.:	Not Available
E-Mail :	info@probiztechnologies.com
Website :	http://www.probiztechnologies.com

Warehouse :	202, Mahalaxmi Jasmine Apartment, No. 28, 14^th 'B' Cross,Sarakki Layout, J.P.Nagar 1st Phase, Bangalore – 560078, Karnataka, India

Head Office	26/1B, Site No.15, Krishnappa Compound, Jaraganahalli, Kanakapura Main Road, JP Nagar,Bangalore-560078, Karnataka, India
Tel. No.:	91-80-65683554

Branch Office:	No.28,2nd Main Road, Kasturi Bai Nagar, Adyar, Chennai- 600020, Tamil Nadu, India
Tel. No.:	91-44-6450 2722

DIRECTORS

As on: 30.09.2013

Name :	Mr. Sirajudeen Shukath
Designation :	Director
Address :	#2/50, Dargha Road, North Soorankudy Post, Kanyakumari-629501, Tamil Nadu, India
Date of Birth/Age :	30.05.1980
Date of Appointment :	07.05.2009
DIN No.:	02478189

Name :	Mr. Shameem Ali
Designation :	Director
Address :	29a, Dhargha Road, North Sooran, Kudi Po, Kanya Kumari - 629501, Tamil Nadu, India
Date of Birth/Age :	31.08.1981
Date of Appointment :	07.05.2009
DIN No.:	02584562

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2013

Names of Shareholders	No. of Shares	Percentage
Sirajudeen Shukath	5000	50.00
Shameem Ali	5000	50.00

Total	10000	100.00

As on: 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader, Exporter and Importer of Fire and Safety Equipments and Also proving It Services

Products :	-

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :
Products :	Fire and Safety Equipments
Countries :	Oman Dubai Israil

Imports :
Products :	Raw Material
Countries :	Spain US Taiwan Italy

Terms :
Selling :	Cash, L/C and Credit

Purchasing :	Cash, L/C and Credit

GENERAL INFORMATION

Suppliers :

Arihant Infocom
BSW Soft Private Limited
Cable Crafts
Honeywell Ind. India Private Limited
Instabuy Computers
Vishal marketing
Aneak Net Com
Boo Palin Electronic
NDS Services Pay Tech Private Limited
Enterprises Software Lab
Just Dial
Logitronies Automation Private Limited

Reference :	Hunny well - Bangalore
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 :

Retailers, End Users and Others

Mantri Developers Private Limited
MRF Limited
MGR Wine Palace
Barrier and Barells
Dayanadasagar Collage
Elite Car Care
NDS Services Pay TV Tech Private Limited
Mirage Agan Inc.

Reference :	Cisco - Bangalore
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 :

Above 20 (Approximately)

Bankers :

Bank Name	Standard Chartered Bank
Branch Address	Bangalore Branch, Main Branch
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 :	Narayana Hegde and Associates Chartered Accountant
Address :	#9, 4/3, 2nd Floor, Dattatreya Road,, Gandhi Bazar, Basavanagudi, Bangalore – 560004, Karnataka, India
Mobile No.:	91-9880842500
E-Mail :	hegdenerayang@gmail.com
PAN No.:	ABDPH1656B

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Available

Sister Concern:	Not Available

CAPITAL STRUCTURE

As on: 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[All figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	0.327	0.276	0.137
(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)	0.427	0.376	0.237

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(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)	0.000	0.000	0.000

(4) Current Liabilities
(a) Short term borrowings	1.247	0.538	1.362
(b) Trade payables	0.177	0.308	0.141
(c) Other current liabilities	0.142	0.131	0.642
(d) Short-term provisions	0.023	0.062	0.056
Total Current Liabilities (4)	1.589	1.039	2.201

TOTAL	2.016	1.415	2.438

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.046	0.115	0.163
(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	0.046	0.115	0.163

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.255	0.241	0.173
(c) Trade receivables	0.308	0.109	1.872
(d) Cash and cash equivalents	0.474	0.863	0.072
(e) Short-term loans and advances	0.933	0.087	0.158
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1.970	1.300	2.275

TOTAL	2.016	1.415	2.438

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		TOTAL SALES	4.577	6.460	6.327

Less	EXPENSES
		TOTAL EXPENSES	4.433	6.087	6.134

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.144	0.373	0.193

Less/ Add	DEPRECIATION/ AMORTISATION		0.069	0.115	0.069

	PROFIT BEFORE TAX		0.075	0.258	0.124

Less	TAX		0.023	0.000	0.000

	PROFIT AFTER TAX		0.052	0.258	0.124

	Earnings Per Share (Rs.)		5.20	25.80	12.40

Particular			31.03.2014
Sales Turnover			20.000

Expected Sales (2014-15): Rs.35.000 Millions

The above information has been parted by Mr. Sirajudeen Shukath (Director)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	3.72	18.23	5.09

Return on Investment (ROI) (PBT/Networth)		0.18	0.69	0.52

Debt Equity Ratio (Total Debt /Networth)		2.92	1.43	5.75

Current Ratio (Current Asset/Current Liability)		1.24	1.25	1.03

FINANCIAL ANALYSIS

[All figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	0.137	0.276	0.327
Net worth	0.237	0.376	0.427

long-term borrowings	0.000	0.000	0.000
Short term borrowings	1.362	0.538	1.247
Total borrowings	1.362	0.538	1.247
Debt/Equity ratio	5.747	1.431	2.920

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	6.327	6.460	4.577
		2.102	(29.149)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	6.327	6.460	4.577
Profit	0.124	0.258	0.052
	1.96%	3.99%	1.14%

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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	Yes
29]	Last accounts filed at ROC	Yes
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

Note: Registered office of the company has been shifted from “No.59, 4th Main, A.D. Block, Srirampuram Bangalore—560021, Karnataka, India to the present address w.e.f. 05.10.2010.

INDEX OF CHARGES: NO CHARGES EXIST 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.63.17
UK Pound	1	Rs.98.85
Euro	1	Rs.77.41

INFORMATION DETAILS

Information Gathered by :	DPA

Analysis Done by :	SMT

Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	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	YNO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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

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