MIRA INFORM REPORT

Report Date :

15.01.2014

IDENTIFICATION DETAILS

Name :	AUJAS NETWORKS PRIVATE LIMITED
Registered Office :	No. 595, 4^th Floor, 15^th Cross, 1^st Phase, Outer Ring Road, J P Nagar, Bangalore – 560 078, Karnataka
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	08.02.2008
Com. Reg. No.:	08-045218
Capital Investment / Paid-up Capital :	Rs.21.467 Millions
CIN No.: [Company Identification No.]	U72200KA2008PTC045218
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of offers data Security Management Services including Application Security, IT Risk Management, Identity Management and Vulnerability Management.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 243000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered normal for business dealings at usual trade terms and conditions.

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.

LOCATIONS

Registered Office :	No. 595, 4^th Floor, 15^th Cross, 1^st Phase, Outer Ring Road, J P Nagar, Bangalore – 560 078, Karnataka, India
Tel. No.:	91-80-26087878
Fax No.:	Not Available
E-Mail :	raoms@aujas.com contact@aujas.com careers@aujas.com
Website :	www.aujas.com
Regional Office :	Haryana Suite No.4, U and I Corporate Centre, Plot No.47, ECHELON, Sector-32, Gurgaon – 122 001, Haryana, India Middle East Executive Suite: Q1-1-081, P.O. Box No. 121421, Saif Zone, Sharjah, UAE Mumbai 104, Meadows, Sahar Plaza, Andheri – Kurla Road, JB Nagar, Near Kohinoor Hotel, Andheri (East), Mumbai – 400 059, Maharashtra, India Mumbai No.314-315, 3^rd Floor, Corporate Avenue, Sonawala Road, Near Udyog Bhavan, Goregaon (East), Mumbai – 400 063, Maharashtra, India

DIRECTORS

AS ON 27.09.2013

Name :

Mr. Kiran Sharadchandra Karnik

Designation :

Director

Address :

Q2A, Hauz Khaus New Delhi – 110 016, India

Date of Birth/Age :

16.03.1947

Date of Appointment :

07.08.2009

DIN No.:

00542951

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	L24230GJ1972PLC002126	TORRENT PHARMACEUTICALS LIMITED	Director	24/01/2001	24/01/2001	23/10/2010	Active	NO
2	U72200DL1996PLC078714	NATIONAL ASSOCIATION OF SOFTWARE AND SERVICE COMPANIES	Director	15/09/2001	15/09/2001	-	Active	NO
3	U85320AP2002NPL039032	NATIONAL INSTITUTE FOR SMART GOVERNMENT	Director	28/05/2002	28/05/2002	04/03/2008	Active	NO
4	U72900MH2001NPL133410	MEDIA LAB ASIA	Director	20/12/2003	20/12/2003	-	Active	NO
5	U74999DL2004NPL131340	OXFAM INDIA	Director	17/12/2004	17/12/2004	-	Active	NO
6	U45201DL2005PLC133161	EMAAR MGF LAND LIMITED	Director	24/09/2007	19/09/2007	27/09/2008	Active	NO
7	U72900MH1992PTC065186	INDIAN FEDERATION AGAINST SOFTWARE THEFT	Additional director	27/12/2007	27/12/2007	26/06/2008	Active	NO
8	U92132KA2004PTC035261	DEVAS MULTIMEDIA PRIVATE LIMITED	Director	19/06/2008	01/04/2008	09/02/2011	Active	NO
9	U74140KA2007PTC043779	SCHNABEL DC CONSULTANTS INDIA PRIVATE LIMITED	Director	10/09/2008	01/09/2008	-	Active	NO
10	U72200KA2008PTC045218	AUJAS NETWORKS PRIVATE LIMITED	Director	07/08/2009	12/09/2008	-	Active	NO
11	U80302RJ2008PLC026433	RAJASTHAN KNOWLEDGE CORPORATION LIMITED	Additional director	26/09/2008	26/09/2008	11/03/2009	Active	NO
12	L72200AP1987PLC007564	SATYAM COMPUTER SERVICES LIMITED	Director	11/01/2009	11/01/2009	17/07/2009	Active	NO
13	U93000AP2009PTC062441	IKP INVESTMENT MANAGEMENT COMPANY PRIVATE LIMITED	Director	03/07/2010	11/02/2009	-	Active	NO
14	L31200GJ2004PLC044068	TORRENT POWER LIMITED	Director	31/07/2010	30/07/2009	-	Active	NO
15	L72100KA1989PLC014226	SASKEN COMMUNICATION TECHNOLOGIES LIMITED	Director	09/07/2010	12/10/2009	-	Active	NO
16	U65100MH2010PLC199319	IDBI ASSET MANAGEMENT LIMITED	Director	25/01/2010	25/01/2010	09/08/2010	Active	NO
17	U28931UR2008PTC032573	ATTERO RECYCLING PRIVATE LIMITED	Additional director	13/01/2011	13/01/2011	24/08/2011	Active	NO
18	U91110DL2001NPL257500	CENTRE FOR DIALOGUE AND RECONCILIATION	Director	25/07/2012	25/07/2012	-	Active	NO

Name :

Mr. Sudhir Kumar Sethi

Designation :

Director

Address :

H No.632, 5^th Cross, 12A Main, Koramangala, Bangalore – 560 034, Karnataka, India

Date of Birth/Age :

17.02.1958

Date of Appointment :

07.08.2009

DIN No.:

00747337

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	U74140KA2006PTC040715	IDG VENTURES INDIA ADVISORS PRIVATE LIMITED	Managing director	16/10/2006	12/10/2006	-	Active	NO
2	U72300KA2003PTC033038	MANTHAN SOFTWARE SERVICES PRIVATE LIMITED	Nominee director	08/08/2007	20/03/2007	-	Active	NO
3	U74140KA2007PTC042889	EMPLOI GLOBALE CONSULTING PRIVATE LIMITED	Director	23/05/2007	23/05/2007	-	Active	NO
4	U64202KA2007PTC043080	CONNECTM TECHNOLOGY SOLUTIONS PRIVATE LIMITED	Director	23/08/2008	27/06/2007	-	Active	NO
5	U72900KA2004PTC063430	IVIZ TECHNO SOLUTIONS PRIVATE LIMITED	Director	03/12/2007	03/12/2007	-	Active	NO
6	U72900KA2004PTC033727	3D SOLID COMPRESSION PRIVATE LIMITED	Director	30/09/2008	14/12/2007	11/03/2013	Active	NO
7	U51507TN2005PTC065950	PERFINT HEALTHCARE PRIVATE LIMITED	Director	29/09/2008	31/12/2007	-	Active	NO
8	U72200KA2008PTC045218	AUJAS NETWORKS PRIVATE LIMITED	Director	07/08/2009	25/02/2008	-	Active	NO
9	U74140KA2008PTC047396	ASCENT CAPITAL ADVISORS INDIA PRIVATE LIMITED	Director	22/06/2009	25/08/2008	-	Active	NO
10	U72300KA2007PTC041799	MYNTRA DESIGNS PRIVATE LIMITED	Director	20/10/2008	20/10/2008	17/04/2013	Active	NO
11	U80904DL2009PTC194664	IPROF LEARNING SOLUTIONS INDIA PRIVATE LIMITED	Nominee director	31/03/2011	31/03/2011	-	Active	NO
12	U72200DL1992PLC049074	NEWGEN SOFTWARE TECHNOLOGIES LIMITED	Director	04/12/2013	04/12/2013	-	Active	NO
13	AAB-0445	NISHAAVRITRA INVESTMENT MANAGER LLP	Designated Partner	31/07/2012	31/07/2012	-	Active	NO

Name :

Mr. Meenakshi Sundaram

Designation :

Director

Address :

D 202, Adarsh Palace, Apartments, 47^th Cross, th Block, Jayanagar, Bangalore – 560 041, Karnataka, India

Date of Birth/Age :

18.06.1961

Date of Appointment :

07.08.2009

DIN No.:

01096264

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	U74140KA2006PTC040715	IDG VENTURES INDIA ADVISORS PRIVATE LIMITED	Managing director	06/10/2007	12/10/2006	-	Active	NO
2	U64202KA2007PTC043080	CONNECTM TECHNOLOGY SOLUTIONS PRIVATE LIMITED	Director	23/08/2008	27/06/2007	-	Active	NO
3	U72200KA2008PTC045218	AUJAS NETWORKS PRIVATE LIMITED	Director	07/08/2009	25/02/2008	-	Active	NO
4	U64203AP2005PTC047908	APALYA TECHNOLOGIES PRIVATE LIMITED	Director	08/10/2009	08/10/2009	-	Active	NO
5	U72200KA2006PTC038764	I-CREATE SOFTWARE INDIA PRIVATE LIMITED	Director	30/09/2010	09/01/2010	-	Active	NO
6	U72900MH2008PTC200402	AGILE FINANCIAL TECHNOLOGIES PRIVATE LIMITED	Nominee director	05/05/2011	05/05/2011	28/05/2012	Active	NO
7	U64202TN2000PTC044413	ESHAKTI.COM PRIVATE LIMITED	Nominee director	19/05/2011	19/05/2011	-	Active	NO
8	U51494DL2008PTC178355	VALYOO TECHNOLOGIES PRIVATE LIMITED	Nominee director	04/10/2011	04/10/2011	-	Active	NO
9	U51101MH2011PTC218565	ACTOSERBA ACTIVE WHOLESALE PRIVATE LIMITED	Director	12/12/2012	16/03/2012	-	Active	NO
10	AAB-0445	NISHAAVRITRA INVESTMENT MANAGER LLP	Designated Partner	31/07/2012	31/07/2012	-	Active	NO

Name :

Mr. Mahankali Srinivas Rao

Designation :

Director

Address :

Flat No.001, A1 Block, Shobha Opel, 4^th T Block, Jayanagar, Bangalore – 560 041, Karnataka, India

Date of Birth/Age :

21.03.1964

Date of Appointment :

08.02.2008

DIN No.:

01938276

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	U85110KA2006PTC038729	SBF HEALTHCARE AND RESEARCH CENTER PRIVATE LIMITED	Director	15/11/2007	15/11/2007	02/09/2013	Active	NO
2	U72200KA2008PTC045218	AUJAS NETWORKS PRIVATE LIMITED	Director	08/02/2008	08/02/2008	-	Active	NO
3	U80302KA2001PTC029172	24X7 LEARNING PRIVATE LIMITED	Director	10/09/2008	26/06/2008	-	Active	NO
4	U72200KA2001PTC028381	GLOPORE IM SERVICES PRIVATE LIMITED	Director	29/09/2008	05/09/2008	-	Active	NO

MAJOR SHAREHOLDERS

AS ON 06.09.2012

Names of Equity Shareholders	No. of Shares
Mahankali Srinivas Rao	8423307
Manjula Sridhar	2834301
Sammer Shlke	4783800
IDG Ventures	2010
Navin Kotan	2391900
Aujas Founder’s Trust	2573403
Total	21008721

Names of Preference Shareholders	No. of Shares
Mahankali Srinivas Rao	14778
IDG Ventures	443928
Navin Kotan	250
Sammer Shlke	250
Total	459206

LIST OF ALLOTTEES:

AS ON 22.11.2013

Names of Equity Shareholders	No. of Shares
IVY CAP Ventures Trust – Fund 1, India	500
SME Tech Fund, India	500
Total	1000

Names of Preference Shareholders	No. of Shares
IDG Ventures India, LLC, Ebene	10125
IVY CAP Ventures Trust – Fund 1, India	187497
SME Tech Fund, India	187497
Total	385119

Equity Share Break up (Percentage of Total Equity)

AS ON 06.09.2012

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	0.01
Directors or relatives of Directors	40.09
Other top fifty shareholders	59.90
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of offers data Security Management Services including Application Security, IT Risk Management, Identity Management and Vulnerability Management.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Dhanlakshmi Bank Limited, Dhanlakshmi Bank Building, Naickanal, Thrissur – 680 001, Kerala, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Bill Discounting**	3.253	0.000
Total	3.253	0.000

NOTE:

Short Term Borrowings:

**The bill discounting facility from Dhanlakshmi Bank carries an Interest @Base rate + 4% (15.25% for the year ended 31^st March 2013). The facility is secured by way of hypothecation of the company’s current assets including book debts/receivables and other current assets. Personal guarantee has been given in respect to the facility by a director of the company.

Banking Relations :	--
Auditors :
Name :	BSR and Associates Chartered Accountants
Address :	Maruthi Infotech Center, 11-12/1, Inner Ring Road, Koramangala, Bangalore – 560 071, Karnataka, India
Tel. No.:	91-80-39806000
Fax No.:	91-80-39806999
PAN No.:	AAIFB7355D
Investing Party in respect of which the company is an Associate :	IDG Ventures India LLC

CAPITAL STRUCTURE

AS ON 06.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
29480000	Equity Shares	Re.1/- each	Rs.29.480 Millions
520000	Preference Shares	Re.1/- each	Rs.0.520 Million
	Total		Rs.30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
21008721	Equity Shares	Re.1/- each	Rs.21.008 Millions
459206	Preference Shares	Re.1/- each	Rs.0.459 Million
	Total		Rs.21.467 Millions

AFTER 06.09.2012

Authorised Capital : Rs.30.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.21.881 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	21.467	21.453	21.342
(b) Reserves & Surplus	39.286	23.476	12.376
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	13.588
Total Shareholders’ Funds (1) + (2)	60.753	44.929	47.306
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	2.101
(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	0.309	1.712	0.000
Total Non-current Liabilities (3)	0.309	1.712	2.101
(4) Current Liabilities
(a) Short term borrowings	4.753	0.000	0.555
(b) Trade payables	12.039	8.823	7.095
(c) Other current liabilities	52.376	19.041	10.410
(d) Short-term provisions	0.529	1.281	0.101
Total Current Liabilities (4)	69.697	29.145	18.161
TOTAL	130.759	75.786	67.568
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2.097	2.386	3.054
(ii) Intangible Assets	0.277	0.294	0.415
(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	30.833	22.268	17.382
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	33.207	24.948	20.851
(2) Current assets
(a) Current investments	0.000	3.935	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	67.031	23.790	20.588
(d) Cash and cash equivalents	9.049	3.632	7.325
(e) Short-term loans and advances	6.363	3.684	18.804
(f) Other current assets	15.109	15.797	0.000
Total Current Assets	97.552	50.838	46.717
TOTAL	130.759	75.786	67.568

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2013	31.03.2012	31.03.2011
	SALES
		Income		262.374	126.478	90.002
		Other Income		0.430	0.528	0.698
		TOTAL (A)		262.804	127.006	90.700
Less	EXPENSES
		Administrative Expenses
		Other Expenses
		TOTAL (B)		259.349	203.027	161.699
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			3.455	(76.021)	(70.999)
Less	FINANCIAL EXPENSES (D)			0.000	0.000	0.269
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			3.455	(76.021)	(71.268)
Less	DEPRECIATION/ AMORTISATION (F)			1.935	1.850	2.032
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			1.520	(77.871)	(73.300)
Less	TAX (H)			0.000	0.000	0.000
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			1.520	(77.871)	(73.300)
	EARNINGS IN FOREIGN CURRENCY
			Rendering Security Management Services	145.189	34.031	24.341
	TOTAL EARNINGS			145.189	34.031	24.341
	Earnings Per Share (Rs.)			0.07	(3.71)	(3.49)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	0.58	(61.31)	(80.82)
Net Profit Margin (PBT/Sales)	(%)	0.58	(62.57)	(81.44)
Return on Total Assets (PBT/Total Assets}	(%)	1.52	(145.50)	(146.06)
Return on Investment (ROI) (PBT/Networth)		0.03	(1.73)	(1.55)
Debt Equity Ratio (Total Debt /Networth)		0.02	0.00	0.06
Current Ratio (Current Asset/Current Liability)		1.40	1.74	2.57

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 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	Yes
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

COMPANY’S PERFORMANCE:

The year consideration was satisfactory and witnessed robust growth in revenues compared to previous year. The revenue of subject grew by 207% and stands at Rs.262.374 Millions as compared to the previous year revenue of Rs.126.478 Millions. During the year subject has witnessed significant expansion of business from Middle East and us.

However subject has earned a modest profit of Rs.1.520 Millions against a loss of Rs.77.871 Millions in the previous year. Subject is expecting good future in the coming year.

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Short Term Borrowings
Loan from Directors*	1.500	0.000
Total	1.500	0.000

NOTE:

Short Term Borrowings:

*Unsecured loan obtained from the director on 31^st July 2012. The loan is Interest-free and is repayable on demand.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10443600	29/07/2013	1,350,000.00	DHANLAXMI BANK LIMITED	DHANALAXMI BUILDINGS, NAICKANAL, TRICHUR – 680 001, KERALA, INDIA	B82380718
2	10334571	29/03/2013 *	10,000,000.00	DHANLAXMI BANK LIMITED	DHANALAKSHMI BANK BUILDING,, NAICKANAL, THRISSUR – 680 001, KERALA, INDIA	B80586225

* Date of charge modification

FIXED ASSETS:

· Computer Equipment

· Furniture and Fixture

· Office Equipment

· 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.62.52
UK Pound	1	Rs.101.48
Euro	1	Rs.84.11

INFORMATION DETAILS

Report Prepared by :

NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--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		42

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.