MIRA INFORM REPORT

Report Date :

08.01.2014

IDENTIFICATION DETAILS

Name :	SERVENET LINKS PRIVATE LIMITED
Registered Office :	38, Model Basti, Karol Bagh, New Delhi – 110 005
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	27.12.2012
Com. Reg. No.:	55-246774
Capital Investment / Paid-up Capital :	Rs.0.100 million
CIN No.: [Company Identification No.]	U72200DL2012PTC246774
PAN No.: [Permanent Account No.]	AZSPK9031C
Legal Form :	Private Limited Liability Company
Line of Business :	Trader of Computer and Computer Peripherals.
No. of Employees :	5 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 700
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a relatively new company having a moderate track record. The networth of the company appears to be low during 2013. However, trade relations are improving. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution. Note: The available financials are been filed for three months ranging from December 27, 2012 to March 31, 2013.

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 DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ 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. Saurabh Vijay Kumar Gupta
Designation :	Director
Contact No.:	91-8010682121
Date :	07.01.2014

LOCATIONS

Registered Office :	38, Model Basti, Karol Bagh, New Delhi – 110 005, India
Tel. No.:	Not Available
Mobile No.:	91-8010682121 (Mr. Saurabh Gupta)
Fax No.:	Not Available
E-Mail :	gauravkansal1190@gmail.com sgupta.rsd@gmail.com
Location :	Owned
Corporate Office :	14, B-3-B, Shiv Shakti Complex, East Vinod Nagar, Delhi – 110 091, India
Area :	6000 sq. ft.
Location :	Owned

DIRECTORS

AS ON 27.09.2013

Name :

Mr. Saurabh Vijay Kumar Gupta

Designation :

Director

Address :

38, Model Basti, Karol Bagh, Delhi – 110 005, India

Date of Birth/Age :

30.01.1984

Date of Appointment :

27.12.2012

DIN No.:

03054266

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	U72901DL2006PLC148397	P-NET SOLUTIONS LIMITED	Director	30/09/2011	01/06/2011	18/09/2013	Active	NO
2	U72200DL2012PTC246774	SERVENET LINKS PRIVATE LIMITED	Director	27/12/2012	27/12/2012	-	Active	NO
3	U72900DL2013PTC248774	KRISHNI INFOTECH SOLUTIONS PRIVATE LIMITED	Director	12/08/2013	12/08/2013	-	Active	NO
4	U74899DL1985PTC021021	AMICI ELECTRONICA PRIVATE LIMITED	Additional director	18/09/2013	18/09/2013	-	Active	NO

Name :

Mr. Kapil Kumar

Designation :

Director

Address :

2018, Mau, Brajavihar, Aryanagar Gaadhi, Muradnagar, Ghaziabad – 201 206, Uttar Pradesh, India

Date of Birth/Age :

17.08.1980

Date of Appointment :

27.12.2012

DIN No.:

05182521

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	U72200DL2012PTC231262	KAMPAN LINKSYS PRIVATE LIMITED	Director	09/02/2012	09/02/2012	-	Active	NO
2	U72200DL2012PTC246774	SERVENET LINKS PRIVATE LIMITED	Director	27/12/2012	27/12/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 27.09.2013

Names of Shareholders	No. of Shares
Kapil Kumar	5000
Saurabh Gupta	5000
Total	10000

AS ON 27.09.2013

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :	Trader of Computer and Computer Peripherals.
Agencies Held :	· HP · IBM · Lenovo
Terms :
Selling :	Local Sale: L/C, Cash and Credit
Purchasing :	Cash and Credit (30/ 60 days)

GENERAL INFORMATION

Suppliers :	· Visesh Infotecnics Limited · ECS Infotech Private Limited, Ahmedabad
Customers :	Corporates · Vayam Technologies Limited
No. of Employees :	5 (Approximately)
Bankers :	Axis Bank Limited, Navyug Market, Delhi, India (Contact No.: 91-8447737392 – Mr. Sailesh Bansal)
Banker Report :	Mr. Sailesh Bansal denied to give any information on phone.

Banking Relations :	--
Auditors :
Name :	Gaurav Kansal Chartered Accountant
Address :	SF 180, Shastri Nagar, Ghaziabad – 201 002, Uttar Pradesh, India
Mobile No.:	91-8595139100
PAN No.:	AZSPK9031C

CAPITAL STRUCTURE

AS ON 27.09.2013

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
I. EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	0.078
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.178
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.003
(c) Other long term liabilities	0.000
(d) Long-term provisions	0.000
Total Non-current Liabilities (3)	0.003
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	81.561
(c) Other current liabilities	137.004
(d) Short-term provisions	0.010
Total Current Liabilities (4)	218.575
TOTAL	218.756
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.048
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	1.815
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	136.037
(e) Other Non-current assets	0.000
Total Non-Current Assets	137.900
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	60.794
(d) Cash and cash equivalents	20.032
(e) Short-term loans and advances	0.030
(f) Other current assets	0.000
Total Current Assets	80.856
TOTAL	218.756

PROFIT & LOSS ACCOUNT

Particulars	31.03.2013
Sales Turnover (Approximately)	125.000

From April 2013 to December 2013: They have achieved sales turnover - Above Rs.400.000 millions

The above information has been parted by Mr. Saurabh Gupta (Director).

KEY RATIOS

PARTICULARS	31.03.2013
Debt Equity Ratio (Total Debt/Networth)	0.00
Current Ratio (Current Asset/Current Liability)	0.37

LOCAL AGENCY FURTHER INFORMATION

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 months	Yes
12) Profitability for last three years	No
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)	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

Note:

No Charges Exist for 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.62.38
UK Pound	1	Rs.102.25
Euro	1	Rs.84.97

INFORMATION DETAILS

Information Gathered by :	HNA
Report Prepared by :	SMN

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	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	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
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.