MIRA INFORM REPORT

Report Date :

02.01.2014

IDENTIFICATION DETAILS

Name :	ITZ CASH CARD LIMITED
Registered Office :	Top 14^th Floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	29.03.2006
Com. Reg. No.:	11-160835
Capital Investment / Paid-up Capital :	Rs.120.362 Millions
CIN No.: [Company Identification No.]	U74999MH2006PLC160835
TAN No.: [Tax Deduction & Collection Account No.]	MUMI07179E
PAN No.: [Permanent Account No.]	AABCI5133N
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in issuance and operations of multipurpose Prepaid Cash Cards.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 852000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Company has incurred loss from its operation during 2012-13 However, there are no external borrowings recorded in the books. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some cautions.

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, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
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’s current account deficit narrowed in the quarter ended September as government measures to curb imports, especially gold, kicked in.  The current account deficit, the excess of a country’s imports of goods and services over exports, narrowed to $ 5.2 billion from $ 21 billion in the year ago period, according to provisional Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and the latest data suggests the government may achieve the target.

India was ranked 94^th among the world’s most corrupt nations list. Denmark and New Zealand topped as the cleanest while Somalia emerged as the most corrupt.

India’s services sector activity witnessed a moderate improvement in November over the previous month, even while indicating the fifth successive monthly contraction, according the HSBC survey.

$53 million estimated losses suffered by India due to phishing attacks during the third quarter, according to a study by RSA. India ranks fourth in the list of nations hit by phishing attacks. The US remained at the top of the charts. Phishing is the process of acquiring information such as user names, passwords and credit card details by sending e-mails disguised as official mails.

Rs.4080 million worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million in September, 2012, according to Deloitte report. The number of transactions has shot up from 94000 to 701000.

India aims to earn Rs.400000 million from the bandwidth auction set for January. The merger and acquisition guidelines, cleared by a group of ministers, will be out before the auction begins so that players can make informed decisions on the auctions.

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

Name :	Mr. Uday Paniker
Designation :	DGM Finance
Contact No.:	91-9819541471
Date :	30.12.2013

LOCATIONS

Registered Office :	Top 14th Floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-61125656
Mobile No.:	91-9819541471 (Mr. Uday Paniker)
Fax No.:	91-22-26185383
E-Mail :	compliance@itzcash.com ayaza@interexindia.net udayp@interexindia.net deepikac@itzcash.com
Website :	http://www.itzcash.com
Area :	7000 sq. ft.
Location :	Rented
Corporate Office :	Everest Square, Junction of Shraddhanand and Nehru Road, Vile Parle (East), Mumbai - 400057, Maharashtra, India
Tel. No.:	91-22-26181212
Fax No.:	91-22-26185383
E-Mail :	help@itzcash.com
Regional Office :	Located At: · Ahmedabad Bangalore Chennai Hyderabad Kolkata Lucknow New Delhi Pune

DIRECTORS

AS ON 08.07.2013

Name :

Mr. Ashok Kumar Nandkishore Goel

Designation :

Director

Address :

702, Shubh Apartment, B.G. Kher Road, Worli, Mumbai – 400018, Maharashtra, India

Date of Birth/Age :

19.11.1961

Qualification :

B. COM

Date of Appointment :

29.03.2006

DIN No.:

00025350

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	Date of cessation	Company/ LLP Status	Defaulting status
1	L28100MH1964PLC013064	SOLID CONTAINERS LIMITED	Director	29/11/1983	29/11/1983	-	Active	NO
2	L74950MH1982PLC028947	ESSEL PROPACK LIMITED	Managing director	10/09/1984	10/09/1984	-	Active	NO
3	U74999MH1987PLC044006	ESSEL INFRAPROJECTS LIMITED	Director	07/07/1987	07/07/1987	01/07/2011	Active	NO
4	U65990MH1972PTC016137	VEENA INVESTMENTS PRIVATE LIMITED	Director	07/12/1993	07/12/1993	06/09/2011	Active	NO
5	L51909DL1988PLC101836	DISH TV INDIA LIMITED	Director	24/04/1995	24/04/1995	06/01/2007	Active	NO
6	U51909MH1996PTC222017	EAST INDIA COMPANY (TRADING) PRIVATE LIMITED	Director	05/01/1996	05/01/1996	-	Active	NO
7	U92130MH1996PTC100488	ASIAN SATELLITE BROADCAST PRIVATE LIMITED	Director	27/06/1996	27/06/1996	06/09/2011	Active	NO
8	U25209MH1984NPL032701	ORGANIZATION OF PLASTICS PROCESSORS OF INDIA	Director	30/07/1996	30/07/1996	-	Active	NO
9	U21010MH1965GAP013226	INDIAN FLEXIBLE PACKAGING AND FOLDING CARTON MANUFACTURERS ASSOCIATION	Director	03/10/1997	03/10/1997	30/09/2009	Active	NO
10	U70100MH1997PTC195870	SUNFLOWER SOLAR SYSTEMS PRIVATE LIMITED	Director	20/09/1998	20/09/1998	-	Amalgamated	NO
11	U91120MH1999GAP117936	INDIAN ASSOCIATION OF AMUSEMENT PARKS AND INDUSTRIES	Director	30/01/1999	30/01/1999	-	Active	NO
12	U72200DL2000PLC108804	AGRANI TELECOM LIMITED	Director	08/12/2000	08/12/2000	08/05/2013	Active	NO
13	U61190MH1986PTC039204	JAYNEER CAPITAL PRIVATE LIMITED	Director	01/10/2001	01/10/2001	06/09/2011	Active	NO
14	U25202PN2001PTC140929	BERICAP INDIA PRIVATE LIMITED	Director	28/11/2003	28/11/2003	31/08/2007	Active	NO
15	U92112MH2001PTC130457	E-CITY DIGITAL CINEMAS PRIVATE LIMITED	Director	23/03/2005	23/03/2005	24/03/2009	Active	NO
16	U70100MH1987PTC042701	VASANT SAGAR PROPERTIES PRIVATE LIMITED	Director	29/09/2009	07/04/2005	01/10/2009	Active	NO
17	U74999MH2006PLC160835	ITZ CASH CARD LIMITED	Director	29/03/2006	29/03/2006	-	Active	NO
18	U64202MH2006PTC160807	ITX TRADING AND FINANCIAL SERVICES PRIVATE LIMITED	Director	29/03/2006	29/03/2006	-	Active	NO
19	U74120MH2007NPL168278	ADHIKAAR FOUNDATION	Director	29/08/2008	01/03/2007	06/09/2011	Active	NO
20	U74899DL1994PTC060785	R.K.J. WOODS PLANTATION PRIVATE LIMITED	Director	23/09/2008	15/01/2008	-	Active	NO
21	U45207MH2007PTC173440	PAN INDIA PARYATAN PRIVATE LIMITED	Director	28/07/2008	28/07/2008	-	Active	NO
22	U67190MH2008PLC181062	INDIA SME ASSET RECONSTRUCTION COMPANY LIMITED	Director	09/09/2009	20/08/2008	20/09/2012	Active	NO
23	U67190MH2008PTC187374	VYOMAN LEISURE AND INFRAVEST INDIA PRIVATE LIMITED	Director	08/10/2008	08/10/2008	-	Amalgamated	NO
24	U74900MH2009PTC189945	ITZ ONLINE FINANCIAL SERVICES PRIVATE LIMITED	Director	29/01/2009	29/01/2009	-	Active	NO
25	U14200MH2008PTC181960	HI-TECH MINES AND MINERALS PRIVATE LIMITED	Director	29/07/2011	29/07/2011	-	Active	NO
26	U45400MH2011PTC221988	VYOMAN INFRAVEST PRIVATE LIMITED	Director	14/09/2011	14/09/2011	20/05/2013	Active	NO
27	U65990MH2010NPL206213	VARDAANA FINANCIAL INCLUSION FOUNDATION	Director	30/09/2011	30/09/2011	-	Active	NO
28	U74120MH2012PTC232546	VYOMAN MANAGEMENT SERVICES PRIVATE LIMITED	Director	25/06/2012	25/06/2012	-	Active	NO

Name :

Mr. Naveen Sirehmal Surya

Designation :

Managing director

Address :

A/233, Kalpataru Horizon, S. K. Ahire Marg, Worli, Mumbai - 400018, Maharashtra, India

Date of Birth/Age :

15.01.1972

Qualification :

B. Com, ACS, LL.B., MMS(Finance)

Experience :

17 Years

Date of Appointment :

01.04.2011

DIN No.:

00094514

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200MH2000PTC127738	INTREX INDIA Private Limited	Director	01/04/2008	17/07/2000	-	Active	NO
2	U64202MH2006PTC160807	ITX TRADING AND FINANCIAL SERVICES PRIVATE LIMITED	Director	28/03/2006	28/03/2006	-	Active	NO
3	U74999MH2006PLC160835	ITZ CASH CARD LIMITED	Managing director	01/04/2011	29/03/2006	-	Active	NO
4	U74900MH2009PTC189945	ITZ ONLINE FINANCIAL SERVICES PRIVATE LIMITED	Director	29/01/2009	29/01/2009	-	Active	NO

Name :

Mr. Bibek Bimanbihari Debroy

Designation :

Director

Address :

Flat 1745, Sector B, Pocket 1, Vasant Kunj, Delhi - 110070, India

Date of Birth/Age :

25.01.1955

Qualification :

M.A. and M. Sc.

Date of Appointment :

16.09.2006

DIN No.:

01835571

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200MH2000PTC127738	INTREX INDIA Private Limited	Director	27/09/2001	27/09/2001	17/09/2006	Active	NO
2	U74999MH2006PLC160835	ITZ CASH CARD LIMITED	Director	16/09/2006	16/09/2006	-	Active	NO
3	U64202MH2006PTC160807	ITX TRADING AND FINANCIAL SERVICES PRIVATE LIMITED	Director	16/09/2006	16/09/2006	30/11/2010	Active	NO
4	U74900MH2009PTC189945	ITZ ONLINE FINANCIAL SERVICES PRIVATE LIMITED	Director	29/01/2009	29/01/2009	24/08/2011	Active	NO

Name :

Mr. Vinod Rajindranath Sethi

Designation :

Director

Address :

2/11, 3rd Street, Kasturi Estate, Chennai – 600086, Tamilnadu, India

Date of Birth/Age :

22.05.1962

Qualification :

B. Tech(Chemical Eng.) and M.B.A. (Finance)

Date of Appointment :

16.09.2006

DIN No.:

00106598

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U22122MH1999PLC201906	CHANDAMAMA INDIA LIMITED	Director	06/08/1999	06/08/1999	25/05/2007	Active	NO
2	L85110KA1994PLC016663	SUBEX LIMITED	Director	25/01/2001	25/01/2001	31/10/2011	Active	NO
3	L40300MH1987PLC045657	GTL LIMITED	Director	30/07/2001	30/07/2001	23/08/2011	Active	NO
4	U72200MH2000PTC127738	INTREX INDIA PRIVATE LIMITED	Director	27/09/2001	27/09/2001	17/09/2006	Active	NO
5	L85110AP1995PLC019446	AXSYS HEALTH TECH LIMITED	Director	28/09/2001	28/09/2001	-	Active	NO
6	U67190MH2001PTC184331	SETHI FUNDS MANAGEMENT PRIVATE LIMITED	Director	04/10/2001	04/10/2001	-	Active	NO
7	L15543HP1991PLC019065	MOUNT EVEREST MINERAL WATER LIMITED	Director	30/01/2002	30/01/2002	03/05/2012	Active	NO
8	L65990MH1982PLC027751	GEODESIC LIMITED	Director	14/10/2003	14/10/2003	16/05/2013	Active	NO
9	U99999MH1997PTC108346	UNITIS TOWER WEALTH ADVISORS PRIVATE LIMITED	Director	25/04/2005	25/04/2005	17/04/2006	Active	NO
10	L15421TN1995PLC033198	K.C.P.SUGAR AND INDUSTRIES CORPORATION LIMITED	Whole-time director	08/04/2010	26/10/2005	-	Active	NO
11	U67120HR2005PLC036952	ORBIS FINANCIAL CORPORATION LIMITED	Director	25/05/2007	01/12/2005	19/04/2010	Active	NO
12	U65993TN1996PTC037113	DURGAMBA INVESTMENT PRIVATE LIMITED	Director	07/12/2005	07/12/2005	-	Active	NO
13	L24219GJ1985PLC025132	UPL LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
14	L01119AP1994PLC063664	ADVANTA LIMITED	Director	13/09/2006	13/09/2006	-	Active	NO
15	U74999MH2006PLC160835	ITZ CASH CARD LIMITED	Director	16/09/2006	16/09/2006	-	Active	NO
16	U73100TN1998PLC041501	KCP SUGARS AGRICULTURAL RESEARCH FARMS LIMITED	Director	26/10/2006	26/10/2006	-	Active	NO
17	L99999MH1938PLC002869	G. G. DANDEKAR MACHINE WORKS LIMITED	Director	23/07/2007	27/04/2007	-	Active	NO
18	L27109PN1999PLC016417	ISMT LIMITED	Director	30/09/2009	01/04/2009	-	Active	NO
19	U74991HR2006PLC036951	ORBIS CAPITAL LIMITED	Director	16/07/2010	26/02/2010	01/09/2010	Active	NO
20	U55100TN2010PTC075641	AMETHYST CAFE PRIVATE LIMITED	Director	10/05/2010	10/05/2010	-	Active	NO
21	U45203TN2004PLC052443	IG3 INFRA LIMITED	Director	08/09/2010	07/06/2010	-	Active	NO
22	L65910MH1998PLC115967	IRB INFRASTRUCTURE DEVELOPERS LIMITED	Director	31/07/2013	06/02/2013	-	Active	NO

Name :

Mr. Mukund Manohar Chitale

Designation :

Director

Address :

4/46, Vishnuprasad Society, Vile Parle (East), Mumbai - 400057, Maharashtra, India

Date of Birth/Age :

16.11.1949

Qualification :

B.Com. F.C.A.

Date of Appointment :

03.05.2007

DIN No.:

00101004

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U65990MH1984PLC033929	TCS e-Serve Limited	Director	25/09/2001	25/09/2001	10/08/2007	Active	NO
2	U67100MH2003GOI143291	ASREC (INDIA) LIMITED	Director	10/03/2004	10/03/2004	-	Active	NO
3	L99999MH1946PLC004768	LARSEN AND TOUBRO LIMITED	Director	06/07/2004	06/07/2004	-	Active	NO
4	L31300MH1992PLC067802	RAM RATNA WIRES LIMITED	Director	23/09/2006	28/12/2005	-	Active	NO
5	L65191TN1979PLC007874	SHRIRAM TRANSPORT FINANCE COMPANY LIMITED	Director	26/10/2006	26/10/2006	05/07/2012	Active	NO
6	U25000MH1991PTC064092	PRINCIPAL PNB ASSET MANAGEMENT COMPANY PRIVATE LIMITED	Director	16/08/2007	29/03/2007	-	Active	NO
7	U74999MH2006PLC160835	ITZ CASH CARD LIMITED	Director	03/05/2007	03/05/2007	-	Active	NO
8	U23209GJ2006PLC060282	ONGC PETRO ADDITIONS LIMITED	Director	20/06/2008	20/03/2008	-	Active	NO
9	U40107KA2006PLC041258	ONGC MANGALORE PETROCHEMICALS LIMITED	Director	24/07/2009	20/03/2008	-	Active	NO
10	L74950MH1982PLC028947	ESSEL PROPACK LIMITED	Director	12/05/2009	24/03/2009	-	Active	NO
11	L24294PN1958PLC011052	FOSECO INDIA LIMITED	Director	20/01/2010	27/10/2009	-	Active	NO
12	U66030MH2007PLC177117	L&T GENERAL INSURANCE COMPANY LIMITED	Director	23/08/2010	26/05/2010	-	Active	NO
13	U72900MH1996PLC104693	LARSEN & TOUBRO INFOTECH LIMITED	Director	23/08/2012	17/10/2011	-	Active	NO

Name :

Mr. Avnish Sarabjit Bajaj

Designation :

Nominee Director

Address :

Raheja Sunkist # 201, 21 Mount Mary Road, Bandra (West), Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

16.07.1970

Qualification :

MBA, MS and B. Tech

Date of Appointment :

29.08.2008

DIN No.:

00281547

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U63040MH2005PTC153232	CLEARTRIP PRIVATE LIMITED	Director	09/12/2005	09/12/2005	10/09/2013	Active	NO
2	U67190MH2006PTC162457	MATRIX INDIA ASSET ADVISORS PRIVATE LIMITED	Whole-time director	01/04/2013	29/05/2006	-	Active	NO
3	U92110MH2004PTC144691	DIGITAL MUSIC (INDIA) PRIVATE LIMITED	Director	19/03/2008	18/05/2007	09/04/2008	Active	YES
4	U55101DL2002PTC117205	MOODS HOSPITALITY PRIVATE LIMITED	Director	30/08/2007	30/08/2007	18/03/2011	Active	NO
5	U74999MH2006PLC160835	ITZ CASH CARD LIMITED	Nominee director	29/08/2008	04/10/2007	-	Active	NO
6	U74899DL1996PLC081127	BHARTIYA SAMRUDDHI FINANCE LIMITED	Nominee director	23/07/2010	29/04/2010	29/07/2011	Active	NO
7	U85120DL2002PTC115652	NEW DELHI CENTRE FOR SIGHT PRIVATE LIMITED	Nominee director	14/10/2010	14/10/2010	-	Active	NO
8	U72900PN1989PTC054103	CHETAS CONTROL SYSTEMS P LTD	Director	14/03/2011	14/03/2011	-	Active	NO
9	U85110KA2005PTC037953	KIDS CLINIC INDIA PRIVATE LIMITED	Nominee director	27/05/2011	27/05/2011	-	Active	NO
10	U74900AP2008PTC060439	WATERLIFE INDIA PRIVATE LIMITED	Nominee director	07/12/2011	07/12/2011	-	Active	NO
11	U85110RJ2003PTC018339	MEWAR HOSPITAL PRIVATE LIMITED	Director	19/11/2012	19/11/2012	-	Active	NO
12	U85190WB2012PTC171633	ENHANCE AESTHETIC AND COSMETIC STUDIO PRIVATE LIMITED	Nominee director	29/11/2012	29/11/2012	-	Active	NO
13	U85110KL2009PTC024400	MEDITRINA HOSPITALS PRIVATE LIMITED	Nominee director	29/08/2013	29/08/2013	-	Active	NO
14	U74140TN2005PTC057004	INASRA TECHNOLOGIES PRIVATE LIMITED	Nominee director	09/10/2013	09/10/2013	-	Active	NO

Name :

Mr. Madhukar Rangnath Umarji

Designation :

Director

Address :

B-702, Pataliputra Society, Near Kamdhenu Dept. Store, 4 Bunglows, Andheri (West), Mumbai - 400053, Maharashtra, India

Date of Birth/Age :

05.11.1941

Qualification :

LL.M. (Bombay University)

Date of Appointment :

17.08.2009

DIN No.:

00307435

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U65993MH1988GOI047756	UNIT TRUST OF INDIA INVESTMENT ADVISORY SERVICES LIMITED	Director	28/06/2004	28/06/2004	-	Active	NO
2	L24230MH1990PLC057062	STRIDES ARCOLAB LIMITED	Director	27/10/2005	27/10/2005	-	Active	NO
3	U74999MH2006PLC160835	ITZ CASH CARD LIMITED	Director	17/08/2009	23/09/2008	-	Active	NO
4	U74140MH1984PLC033397	JM FINANCIAL PRODUCTS LIMITED	Director	10/09/2009	11/12/2008	-	Active	NO
5	U65999MH2008PTC178870	AEGON TRUSTEE COMPANY PRIVATE LIMITED	Director	25/05/2009	25/05/2009	16/10/2011	Amalgamated	NO
6	U67100DL2011NPL215270	CENTRAL REGISTRY OF SECURITISATION ASSET RECONSTRUCTION AND SECURITY INTEREST OF INDIA	Director	04/09/2012	31/03/2011	-	Active	NO

Name :

Mr. Bejul Somaia

Designation :

Nominee Director

Address :

11, Southern Avenue, Maharani Bagh, New Delhi – 110065, India

Date of Birth/Age :

27.11.1972

Qualification :

B.Sc. (First Class) in Economics from the London School of Economics and MBA from Harvard Business School

Date of Appointment :

17.08.2009

DIN No.:

00059201

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	Date of cessation	Company/ LLP Status	Defaulting status
1	U26101UP1976PLC004284	UP TWIGA FIBER GLASS LIMITED	Director	31/07/2009	30/09/2006	-	Active	NO
2	U32201DL2007PTC158737	ANITHEO MEDIA PRIVATE LIMITED	Director	03/02/2007	03/02/2007	-	Strike off	NO
3	U45102MH2008NPL182811	INDIA WALL AND CEILING ASSOCIATION	Director	29/05/2008	29/05/2008	19/09/2011	Active	NO
4	U55101DL2007PTC168788	GREAT INDIAN RESTAURANT COMPANY PRIVATE LIMITED	Director	05/12/2008	30/08/2008	25/11/2012	Active	NO
5	U74140DL2007PTC223394	LIGHTSPEED ADVISORY SERVICES INDIA PRIVATE LIMITED	Managing director	25/09/2009	01/12/2008	-	Active	NO
6	U74999MH2006PLC160835	ITZ CASH CARD LIMITED	Nominee director	17/08/2009	22/07/2009	-	Active	NO
7	U74999MH2007PLC169201	INDIAN ENERGY EXCHANGE LIMITED	Director	28/09/2011	30/09/2010	-	Active	NO
8	U93090MH2011PTC218163	ONEASSIST CONSUMER SOLUTIONS PRIVATE LIMITED	Director	08/07/2011	08/07/2011	-	Active	NO
9	U74900KA2011PTC061168	FASHIONARA ENTERPRISES PRIVATE LIMITED	Director	28/05/2012	28/05/2012	-	Active	NO

KEY EXECUTIVES

Name :	Deepika Thakur Bisain
Designation :	Secretary
Address :	004, Ground floor, Shankeshwar Accord JP Thakur Marg, Bhayander (West), Thane - 400069, Maharashtra, India
Date of Birth/Age :	17.05.1982
Date of Appointment :	28/05/2013
PAN No.:	AKTPB8276C
Name :	Mr. Uday Paniker
Designation :	DGM Finance

MAJOR SHAREHOLDERS

AS ON 08.07.2013

Names of Shareholders	No. of Shares
Kaveeta Ashokkumar Goel	49940
Goenka Amit	10
Atul Goel	10
Gagan Goel	10
Shyam Sunder Jaidev Goel	10
Nilesh Nanubhai Mistry	10
Naveen Sirehmal Surya	170010
Intrex India Private Limited, India	7713810
Vinod Rajindranath Sethi	50000
Chitale Manohar Mukund	5000
Matrix Partners India Investment Holdings, LLC, Mauritius	1925799
Intel Capital (Mauritius) Limited, Mauritius	601812
*Goel Nandkishore Ashok *Naveen Surya – Joint Holder *Sharadchandra Abhyankar - Joint Holder	286190
Lightspeed Venture Partners VIII Mauritius, Mauritius	1203624
Ganjam Trading Company Private Limited	30000
Total	12036235

Equity Share Break up (Percentage of Total Equity)

AS ON 08.07.2013

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	31.00
Bodies corporate	64.34
Directors or relatives of Directors	1.87
Other top fifty shareholders	2.79
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in issuance and operations of multipurpose Prepaid Cash Cards.

Products :

Item Code No. (ITC Code)	Product Description
99711900	Other financial services, except investment banking, insurance services and pension services.

GENERAL INFORMATION

No. of Employees :	100 (Approximately)
Bankers :	Reserve Bank of India

Banking Relations :	--
Auditors :
Name :	MGB and Company Chartered Accountants
Address :	101, Jolly Bhavan 2, 7 New Marine Lines, Churchgate, Mumbai – 400020, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAAFM5742R
Holding Company :	Intrex India Private Limited, India CIN No.: U72200MH2000PTC127738
Ultimate Holding Company :	Ganjam Trading Company Private Limited
Fellow Subsidiary :	ITX Trade Exchange Private Limited
Other Related Party :	Itz Online Financial Services Private Limited, India CIN No.: U74900MH2009PTC189945

CAPITAL STRUCTURE

AS ON 08.07.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs. 10/- each	Rs.150.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12036235	Equity Shares	Rs. 10/- each	Rs.120.362 Millions

AFTER 08.07.2013

Authorised Capital : Rs.250.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.120.362 Millions

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	120.362	120.362	120.362
(b) Reserves & Surplus	92.694	286.758	340.542
(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)	213.056	407.120	460.904
(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	4.255	4.717	4.959
Total Non-current Liabilities (3)	4.255	4.717	4.959
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	282.384	146.396	117.007
(c) Other current liabilities	309.494	251.566	385.787
(d) Short-term provisions	0.219	1.397	1.280
Total Current Liabilities (4)	592.097	399.359	504.074
TOTAL	809.408	811.196	969.937
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	33.338	34.902	42.902
(ii) Intangible Assets	15.736	16.595	32.538
(iii) Capital work-in-progress	12.434	0.844	0.000
(iv) Intangible assets under development	0.000	2.091	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	194.132	221.506	162.567
(e) Other Non-current assets	12.507	4.321	4.661
Total Non-Current Assets	268.147	280.259	242.668
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.614	0.107	0.000
(c) Trade receivables	21.823	37.976	11.347
(d) Cash and cash equivalents	137.258	310.265	573.802
(e) Short-term loans and advances	79.498	168.462	123.040
(f) Other current assets	302.068	14.127	19.080
Total Current Assets	541.261	530.937	727.269
TOTAL	809.408	811.196	969.937

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	577.280	575.997	571.854
		Other Income	33.079	59.754	48.366
		TOTAL (A)	610.359	635.751	620.220
Less	EXPENSES
		Purchases of stock-in-trade	102.846	0.296	0.000
		Employee benefit expense	156.838	107.077	84.381
		Other expenses	508.947	542.074	543.642
		TOTAL (B)	768.631	649.447	628.023
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(158.272)	(13.696)	(7.803)
Less	FINANCIAL EXPENSES (D)		0.290	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(158.562)	(13.696)	(7.803)
Less	DEPRECIATION/ AMORTISATION (F)		35.502	40.088	35.725
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(194.064)	(53.784)	(43.528)
Less	TAX (H)		0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(194.064)	(53.784)	(43.528)
	Earnings / (Loss) Per Share (Rs.)		(16.12)	(4.47)	(3.62)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(31.80)	(8.46)	(7.02)
Net Profit Margin (PBT/Sales)	(%)	(33.62)	(9.34)	(7.62)
Return on Total Assets (PBT/Total Assets}	(%)	(32.87)	(6.65)	(4.49)
Return on Investment (ROI) (PBT/Networth)		(0.91)	(0.13)	(0.09)
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		0.91	1.33	1.44

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	Yes
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	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
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	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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

FIXED ASSETS:

v Tangible assets

Furniture and Fixtures

Vehicles

Motor Vehicles

Office Equipment

Computer Equipments

Other Equipments

Leasehold Improvements

v Intangible assets

Brands and Trade Marks

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.61.93
UK Pound	1	Rs.102.39
Euro	1	Rs.85.12

INFORMATION DETAILS

Information Gathered by :	HNA
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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.