MIRA INFORM REPORT

Report Date :

19.05.2014

IDENTIFICATION DETAILS

Name :	ACCONIX TECHNOLOGIES PRIVATE LIMITED (w.e.f.19.06.2013)
Formerly Known As :	TECHNO CAMPUS CONSULTANCY SERVICES PRIVATE LIMITED
Registered Office :	Opposite Magistrate Bunglow, Shivaji Nagar, Amkhor, Lashkar Gwalior – 474001, Madhya Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	21.04.2010
Com. Reg. No.:	10-023422
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U72200MP2010PTC023422
TAN No.: [Tax Deduction & Collection Account No.]	BPLT01479C
PAN No.: [Permanent Account No.]	AADCT4097N
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is Engaged in the Business of Information Technology Works and Trading in Fly Pad
No. of Employees :	12 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow and delayed
Litigation :	Clear
Comments :	Subject is and established company having moderate track record. The company has incurred huge accumulated losses, which has eroded the net worth of the company. Liquidity position of the company seems to be under pressure. Business is active. Payment terms are slow and delayed. The company can be considered for business dealings on safe and secured 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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

US investment bank Goldman Sachs  has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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. Ramesh Choudhary
Designation :	Director
Contact No.:	91-9717345477
Date :	30.04.2014

LOCATIONS

Registered Office :	Opposite Magistrate Bunglow, Shivaji Nagar, Amkhor, Lashkar Gwalior – 474001, Madhya Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-9717345477 (Mr. Ramesh)
Fax No.:	Not Available
E-Mail :	ramesh2672.rc@gmail.com
Website :	http://www.acconik.in
Corporate Office :	32, Lower Ground Floor, Sector 17A, Gurgaon – 122001, Haryana, India
Tel. No.:	91-124-6471624
Location :	Rented

DIRECTORS

As on: 13.08.2013

Name :

Mr. Ramesh Choudhary

Designation :

Director

Address :

Shivaji Nagar Amkoo, Gwalior – 474001, Madhya Pradesh, India

Date of Birth/Age :

02.06.1972

Date of Appointment :

21.04.2010

DIN No.:

02262773

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	U70102MP2008PLC021452	DEVYANI REAL ESTATE LIMITED	Additional director	12/08/2009	12/08/2009	-	Strike off	NO
2	U51397MP2008PTC020419	VISION LIFE CARE AND SERVICES PRIVATE LIMITED	Additional director	12/08/2009	12/08/2009	08/10/2009	Active	YES
3	U45200MP2009PLC022329	DEVYANI PROPERTIES LIMITED	Director	28/08/2009	28/08/2009	29/11/2010	Active	NO
4	U72200MP2010PTC023422	ACCONIX TECHNOLOGIES PRIVATE LIMITED	Director	21/04/2010	21/04/2010	-	Active	NO
5	U22120MP2010PTC024906	PRIME INDIA PUBLICATIONS PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Active	NO
6	U52590MP2011PTC025190	DEVYANI MARKETING PRIVATE LIMITED	Director	17/01/2011	17/01/2011	-	Active	NO
7	U80904HR2011PTC043812	FOCUS TRAINING ACADEMY PRIVATE LIMITED	Additional Director	23/04/2012	23/04/2012	-	Active	NO
8	U80220HR2011PTC043836	IMPERIAL E-EDUCATION INDIA PRIVATE LIMITED	Director	23/04/2012	23/04/2012	-	Active	NO

Name :

Mrs. Seema Choudhary

Designation :

Director

Address :

Shivaji Nagar Amkoo, Gwalior – 474001, Madhya Pradesh, India

Date of Birth/Age :

16.09.1974

Date of Appointment :

21.04.2010

DIN No.:

03017209

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	U45200MP2009PLC022329	DEVYANI PROPERTIES LIMITED	Additional Director	22/01/2010	22/01/2010	23/01/2010	Active	NO
2	U72200MP2010PTC023422	ACCONIX TECHNOLOGIES PRIVATE LIMITED	Director	21/04/2010	21/04/2010	-	Active	NO

Name :

Mr. Lajpat Ramkumar Singh

Designation :

Director

Address :

R/O Dhani Miran, The. Tosham, Bhiwani – 127040, Haryana, India

Date of Birth/Age :

14.02.1979

Date of Appointment :

25.09.2013

DIN No.:

03630489

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	U74140DL2011PTC226416	COSMO SOLUTIONS PRIVATE LIMITED	Director	18/10/2011	18/10/2011	-	Active	NO
2	U72200MP2010PTC023422	ACCONIX TECHNOLOGIES PRIVATE LIMITED	Director	25/09/2013	25/09/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 13.08.2013

Names of Shareholders	No. of Shares
Ramesh Choudhary	5000
Seema Choudhary	5000
Total	10000

Equity Share Break up (Percentage of Total Equity)

As on: 13.08.2013

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is Engaged in the Business of Information Technology Works and Trading in Fly Pad
Products :	· Leather Case · 7 Inch Netbook Tablet · Touch Screen Mobile Phone · Swipe Mtv Vilt Deul Sim Calling Tablet · Flypad Leather Case · IP Cameras · Analog Camera
Imports :
Products :	Electronic Goods
Countries :	China
Terms :
Selling :	Cash, Advance Payment, L/C and Credit
Purchasing :	Cash, Advance Payment, L/C, Cheque and Credit

GENERAL INFORMATION

Suppliers :

· 91.9 FM Radio Station

· Appolo Advertiser

· Baba System

· Devyani Properties Limited

· Sagar Printers

· Shree Eduserve Private Limited

· Study Material Kit

Customers :

· Atul Publicity Private Limited

· Devyani Properties Limited

· Shree Eduserve Private Limited

No. of Employees :

12 (Approximately)

Bankers :

· Axis Bank Limited

· Kotak Mahindra Bank Limited

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
Long Term Borrowings
Term loans	0.000	0.536
Total	0.000	0.536

Banking Relations :

--

Auditors :

Name :

Dinesh Agarwal

Chartered Accountants

Address :

Godrpade Ka Bada, Daulat Ganj Lashkar, Gwalior – 474001, Madhya Pradesh, India

Mobile No.:

91-9425110353

PAN No.:

AAXPA5116E

CAPITAL STRUCTURE

As on: 13.08.2013

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	(0.546)	(0.602)	(0.264)
(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)	(0.446)	(0.502)	(0.164)
(3) Non-Current Liabilities
(a) long-term borrowings	0.536	0.536	0.536
(b) Deferred tax liabilities (Net)	0.012	0.013	0.000
(c) Other long term liabilities	0.000	0.400	0.600
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.548	0.949	1.136
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.573	0.573	1.039
(c) Other current liabilities	0.478	1.439	0.458
(d) Short-term provisions	0.010	0.010	0.010
Total Current Liabilities (4)	1.061	2.022	1.507
TOTAL	1.163	2.469	2.479
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.365	0.458	0.551
(ii) Intangible Assets	0.375	0.750	1.125
(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	0.740	1.208	1.676
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.061	0.847	0.062
(d) Cash and cash equivalents	0.227	0.287	0.508
(e) Short-term loans and advances	0.000	0.000	0.094
(f) Other current assets	0.135	0.127	0.139
Total Current Assets	0.423	1.261	0.803
TOTAL	1.163	2.469	2.479

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012
	SALES
		Income	2.827	3.127
		Other Income	0.000	0.000
		TOTAL	2.827	3.127
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	NA	NA
	PROFIT / (LOSS) FOR THE YEAR		0.056	(0.338)
	Earnings Per Share (Rs.)		NA	NA

Particulars	31.03.2014
Sales Turnover (Approximately)	3.600

The above information has been parted by Mr. Ramesh Choudhary (Director)

KEY RATIOS

PARTICULARS	31.03.2013	31.03.2012	31.03.2011
Debt Equity Ratio (Total Debt/Networth)	(1.20)	(1.07)	(3.26)
Current Ratio (Current Asset/Current Liability)	0.40	0.62	0.53

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	(0.264)	(0.602)	(0.546)
Net worth	(0.164)	(0.502)	(0.446)
long-term borrowings	0.536	0.536	0.536
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.536	0.536	0.536
Debt/Equity ratio	(3.268)	(1.068)	(1.202)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Sales	(0.338)	0.056
		(116.568)

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 two years	Yes
12]	Profitability for last two 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	No
17]	Major suppliers	No
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

PERFORMANCE HIGHLIGHTS

During the year company has commenced its services activity. However directors plan to embark on various projects during current year.

Unsecured Loan

(Rs. In Millions)

	As on 31.03.2013	As on 31.03.2012
Long Term Borrowings
Loans and advances from related parties	0.536	0.000
Total	0.536	0.000

INDEX OF CHARGES

No Charges Exist for Company

FIXED ASSETS

· UPS

· Furniture and Fixture

· Computer

· Battery

· Air Conditioner

· Invertor

· Mobile

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 judgment 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.58.86
UK Pound	1	Rs.98.82
Euro	1	Rs.80.72

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	KRN
Report Prepared by :	VNK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	-
--CREDIT LINES	1~10	-
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		12

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.