MIRA INFORM REPORT

Report Date :

07.10.2014

IDENTIFICATION DETAILS

Name :	LOCUZ ENTERPRISE SOLUTIONS LIMITED (w.e.f. 03.07.2000)
Formerly Known As :	LOCUZ ENTERPRISES SOLUTIONS LIMITED
Registered Office :	No 4, 6^th Floor, Orion Tower, Building # 9, Opposite Westin Hotel, Mindspace Cyberbad, Hyderabad – 500081, Telangana
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	19.11.1999
Com. Reg. No.:	36-032881
Capital Investment / Paid-up Capital :	Rs.10.000 Millions
CIN No.: [Company Identification No.]	U72200TG1999PLC032881
IEC No.:	0902011324
TAN No.: [Tax Deduction & Collection Account No.]	HYDL00458D
PAN No.: [Permanent Account No.]	AAACL6270A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Providing IT Infrastructure Services.
No. of Employees :	300 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 930000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Mr. P V L Prasad, Head Commercial has provided general information and financial statement of 2014. As per financials of 2014, there is a dip in sales and profit of the company as compared to previous year. However, liquidity position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct. The company can be considered 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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

Verdict Implications: Apex court order may alter coal import dynamics. Traders go slowly on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn Business Empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M a M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that it had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. P V L Prasad
Designation :	Head-Commercial
Contact No.:	91-9849662352
Date :	06.10.2014

LOCATIONS

Registered/ Head Office/ Branch :	No 4, 6^th Floor, Orion Tower, Building # 9, Opposite Westin Hotel, Mindspace Cyberbad, Hyderabad – 500081, Telangana, India
Tel. No.:	91-40-30509001-9005/ 30509187
Mobile No.:	91-9849662352 (Mr. P V L Prasad)
Fax No.:	91-40-30509006 / 9007
E-Mail :	prasad.panyam@locuz.com 3iinfcompliance@gmail.com vwadhi@locuz.com
Website :	www.locuz.com
Location :	Leased
Corporate Office :	401, Krishe Sapphire, Main Road, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
Tel. No.:	91-40-45004600
Fax No.:	91-40-45004601
Regional Office 1 :	2^nd Floor, Alfa Center, No. 20 Venugopal Swamy Layout, Koramangala Inner Ring Road, Bangalore - 560047, Karnataka, India
Tel. No.:	91-80-40506800
Fax No.:	91-80-41314748
Regional Office 2 :	C/o 3i Infotech Limited, MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India
Tel. No.:	91-22-39814592
Branches :	Located At: · Bangalore · Pune · Delhi · Chennai
Overseas Office :	1, North Bridge Road, # 19-04/05, High Street Centre, 179094, Singapore
Tel. No.:	65-63373472 / 73
Fax No.:	65-63382844 / 68370311

DIRECTORS

As on 25.09.2013

Name :

Mr. Vijay Kumar Wadhi

Designation :

Managing Director

Address :

No.107, Manasarover Villa Greens Gandipet, Hyderabad – 500075, Andhra Pradesh, India

Date of Birth/Age :

14.11.1960

Qualification :

MBA

Date of Appointment :

01.04.2011

DIN No.:

00087657

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	U72200TG1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Managing director	01/04/2011	19/11/1999	-	Active	NO
2	U74200TG2005PTC045798	SILICON BUSINESS SOLUTIONS PRIVATE LIMITED	Director	20/03/2013	01/04/2005	-	Active	NO

Name :

Mr. Uttam Kumar Majumdar

Designation :

Whole Time Director

Address :

1-7-200/1, Kamala Nagar Ecil, Hyderabad – 500001, Andhra Pradesh, India.

Date of Birth/Age :

09.09.1973

Qualification :

B. Tech

Date of Appointment :

01.04.2011

DIN No.:

00087668

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	U72200TG1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Whole-time director	01/04/2011	19/11/1999	-	Active	NO

Name :

Mr. Kota Venkata Durganadh

Designation :

Whole Time Director

Address :

F33, 6-3-630-12 and 3, Symphony Dwellings, Hyderabad – 500004, Andhra Pradesh, India

Date of Birth/Age :

28.09.1973

Qualification :

B. Tech, MBA

Date of Appointment :

05.12.2005

DIN No.:

01325018

Name :

Mr. Padmanabhan Nemmara Ranganathan Iyer

Designation :

Director

Address :

77c Sundram, Sindhi Immigrants CHS, Next To Swami Vivekananda Primary School, Chembur, Mumbai - 400071, Maharashtra, India

Date of Birth/Age :

28.10.1963

Date of Appointment :

28.09.2012

DIN No.:

05282942

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	U72900MH2007PLC176323	3i Infotech Consultancy Services Limited	Director	14/09/2012	17/05/2012	-	Active	NO
2	U74999MH2011FLC215259	3i Infotech Outsourcing Services Limited	Director	14/09/2012	17/05/2012	-	Active	NO
3	U72200TN2002PTC048799	PROFESSIONAL ACCESS SOFTWARE DEVELOPMENT PRIVATE LIMITED	Director	18/09/2012	17/05/2012	-	Active	NO
4	U72200TG1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Director	28/09/2012	17/05/2012	-	Active	NO
5	U72900MH2001PLC132441	3i Infotech Trusteeship Services Limited	Managing director	22/07/2013	17/05/2012	-	Active	NO
6	U74899DL1990PLC039478	3i Infotech BPO Limited	Managing director	16/04/2013	16/07/2012	-	Active	NO

Name :

Mr. Charanjit Surinder Attra

Designation :

Director

Address :

Flat No. A-1101, 11^th Floor, Akruti Nova, Saiwadi, Telligalli, Andheri (East), Mumbai - 400069, Maharashtra, India

Date of Birth/Age :

07.06.1971

Date of Appointment :

28.09.2012

DIN No.:

05323757

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	L67120MH1993PLC074411	3i Infotech Limited	Whole-time director	02/08/2012	01/07/2012	-	Active	NO
2	U72200TG1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Director	28/09/2012	10/09/2012	-	Active	NO
3	U74899DL1990PLC039478	3i Infotech BPO Limited	Director	21/09/2012	10/09/2012	-	Active	NO
4	U74999MH2011FLC215259	3i Infotech Outsourcing Services Limited	Director	14/09/2012	10/09/2012	-	Active	NO
5	U72200TN2002PTC048799	PROFESSIONAL ACCESS SOFTWARE DEVELOPMENT PRIVATE LIMITED	Director	13/08/2014	13/08/2014	-	Active	NO

Name :

Mr. Ashish Kakkar Ravi

Designation :

Director

Address :

402, B-Wing, Tina Bliss, Ghatia Village Road, Chembur, Mumbai – 400071, Maharashtra, India

Date of Birth/Age :

02.08.1972

Date of Appointment :

28.09.2012

DIN No.:

06370551

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	U72900MH2007PLC176323	3i Infotech Consultancy Services Limited	Director	14/09/2012	10/09/2012	-	Active	NO
2	U74899DL1990PLC039478	3i Infotech BPO Limited	Director	21/09/2012	10/09/2012	-	Active	NO
3	U74999MH2011FLC215259	3i Infotech Outsourcing Services Limited	Director	14/09/2012	10/09/2012	-	Active	NO
4	U72200TG1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Director	28/09/2012	10/09/2012	-	Active	NO

Name :

Mr. Madhivanan Balakrishnan

Designation :

Additional Director

Address :

1305,13th Floor, Plot No. 63/74,Tower B, Ashoktowers, Dr. S. S. Rao Road, Opposite M. G. Hospital, Parel, Mumbai - 400012, Maharashtra, india

Date of Appointment :

17.07.2014

DIN No.:

01426902

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	U74130KA2006PTC059425	LOYALTY SOLUTIONS & RESEARCH Private Limited	Director	23/08/2007	08/03/2007	28/05/2010	Active	NO
2	U74999DL2002PTC117357	INTERNATIONAL ASSET RECONSTRUCTION COMPANY PRIVATE LIMITED	Nominee director	20/07/2009	21/03/2009	28/07/2010	Active	NO
3	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	09/09/2010	01/08/2010	30/06/2012	Active	NO
4	L67120MH1993PLC074411	3i Infotech Limited	Managing director	02/08/2012	01/07/2012	-	Active	NO
5	U72900MH2007PLC176323	3i Infotech Consultancy Services Limited	Director	14/09/2012	10/09/2012	-	Active	NO
6	U74899DL1990PLC039478	3i Infotech BPO Limited	Director	21/09/2012	10/09/2012	-	Active	NO
7	U72900MH2001PLC132441	3i Infotech Trusteeship Services Limited	Director	25/09/2012	10/09/2012	-	Active	NO
8	U72200TG1999PLC032881	LOCUZ ENTERPRISE SOLUTIONS LIMITED	Additional director	17/07/2014	17/07/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. P V L Prasad
Designation :	Head-Commercial

MAJOR SHAREHOLDERS

As on 25.09.2013

Names of Shareholders	No. of Shares
Vijay Kumar Wadhi	92663
Uttam Kumar Majumdar	96230
3i Infotech Limited, India	740000
Poonam Wadhi	16442
Ramesh Chander Wadhi	5252
Gyan Kumar	9898
Deepak Majumdar	16375
Durgandh Kota Venkata	18200
Mohammed Arifadudin	1560
Asit Sahoo	1300
M. Saravana	1040
Ravi Balkrishna Rajuladevi	1040
Total	1000000

Equity Share Break up (Percentage of Total Equity)

As on 25.09.2013

Category	Percentage
Bodies corporate	74.00
Directors or relatives of Directors	26.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Providing IT Infrastructure Services.
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

300 (Approximately)

Bankers :

IDBI Bank Limited, Nariman Point Branch, Mumbai, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Millions	31.03.2013 Rs. In Millions
SHORT TERM BORROWINGS
Working Capital Loan	67.763	62.180
Total	67.763	62.180

Notes:

Particulars	Period of Maturity	Outstanding Amount	Rate of Interest	Overdue Amount and period
lClCl Cash Credit	Renewable ever year	0.002	I base + 10.50%	Nil

Secured Working Capital Loans are secured by 1st paripassu charge on all the current assets present and future of the Company and corporate guarantee given by 3i lnfotech Limited.

Banking Relations :	--
Auditors :
Name :	R B Kabra And Company Chartered Accountant
Address :	4-1-917 Parsi Lane, Abids, Hyderabad, Andhra Pradesh, India
Tel. No.:	91-04-24753843
E-Mail :	kishorekabra@yahoo.com
PAN No.:	AAEFR3093C
Parent Company :	3i-lnfotech Limited

CAPITAL STRUCTURE

As on 25.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.000	10.000	10.000
(b) Reserves & Surplus	221.646	202.246	145.204
(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)	231.646	212.246	155.204
(3) Non-Current Liabilities
(a) long-term borrowings	52.758	62.841	8.000
(b) Deferred tax liabilities (Net)	9.249	13.889	10.672
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	62.007	76.730	18.672
(4) Current Liabilities
(a) Short term borrowings	67.765	64.005	41.019
(b) Trade payables	168.597	335.458	201.388
(c) Other current liabilities	76.141	77.857	45.626
(d) Short-term provisions	9.141	40.197	18.575
Total Current Liabilities (4)	321.644	517.517	306.608
TOTAL	615.297	806.493	480.484
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	69.393	62.264	71.726
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	2.854	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	85.074	95.863	10.362
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	157.321	158.127	82.088
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	13.590	11.182	16.033
(c) Trade receivables	332.421	531.850	312.161
(d) Cash and cash equivalents	17.912	31.302	31.207
(e) Short-term loans and advances	73.739	47.413	31.238
(f) Other current assets	20.314	26.619	7.757
Total Current Assets	457.976	648.366	398.396
TOTAL	615.297	806.493	480.484

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	1,329.261	1,734.730	1,425.336
		Other Income	10.276	14.655	15.009
		TOTAL (A)	1,339.537	1,749.385	1,440.345
Less	EXPENSES
		Cost of Materials Consumed	1,143.868	1,447.238	1,189.549
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade	(2.408)	4.851	(4.511)
		Employee Benefits Expenses	106.916	112.016	72.728
		Other Expenses	65.538	65.326	64.916
		Exceptional Items	0.000	0.000	14.573
		TOTAL (B)	1,313.914	1,629.431	1,337.255
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		25.623	119.954	103.090
Less	FINANCIAL EXPENSES (D)		11.279	12.322	15.294
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		14.344	107.632	87.796
Less	DEPRECIATION/ AMORTISATION (F)		15.608	14.903	11.815
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		(1.264)	92.729	75.981
Less	TAX (H)		(20.665)	35.688	26.131
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		19.401	57.041	49.850
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		202.246	145.205	95.355
	BALANCE CARRIED TO THE B/S		221.647	202.246	145.205
	EARNINGS IN FOREIGN CURRENCY		40.930	38.923	19.574
	CIF VALUE OF IMPORTS		45.245	222.047	552.521
	Earnings / (Loss) Per Share (Rs.)		19.40	57.04	50.00

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
PAT / Total Income	(%)	1.45	3.26	3.46
Net Profit Margin (PBT/Sales)	(%)	(0.10)	5.35	5.33
Return on Total Assets (PBT/Total Assets}	(%)	(0.21)	11.50	15.81
Return on Investment (ROI) (PBT/Networth)		(0.01)	0.44	0.49
Debt Equity Ratio (Total Debt /Networth)		0.52	0.60	0.32
Current Ratio (Current Asset/Current Liability)		1.42	1.25	1.30

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Share Capital	10.000	10.000	10.000
Reserves & Surplus	145.204	202.246	221.646
Net worth	155.204	212.246	231.646
long-term borrowings	8.000	62.841	52.758
Short term borrowings	41.019	64.005	67.765
Total borrowings	49.019	126.846	120.523
Debt/Equity ratio	0.316	0.598	0.520

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	1,425.336	1,734.730	1,329.261
		21.707	(23.374)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	1,425.336	1,734.730	1,329.261
Profit	49.850	57.041	19.401
	3.50%	3.29%	1.46%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
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	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

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Millions	31.03.2013 Rs. In Millions
LONG TERM BORROWINGS
Acceptance from ClSCO	46.255	62.841
Others	6.503	0.000
SHORT TERM BORROWINGS
Working Capital Loan	0.002	1.825
Total	52.760	64.666

Notes:

LONG TERM BORROWINGS

Particulars	Term Loan-1	Term Loan-2	Term Loan-3	Term Loan-4
Period of Maturity with reference to Balance Sheet date	12 Months	9 Months	33 Months	72 Months
No. of installments outstanding	1	3	11	12

Arrangement with ClSCO for deferred payment taken as Interest Free Term Loan.

The above arrangement is for deferred Revenue purchases from Redington (India) Limited, lngram Micro India Limited

Unsecured loan was taken from Srinivas Rao Aluri for a period of 5 years with an interest@12% p.a

SHORT TERM BORROWINGS

Particulars	Period of Maturity	Outstanding Amount	Rate of Interest	Overdue Amount and period	Particulars
IDBl Cash Credit	Renewable ever year	67.763	Base rate + 4.75%	Nil	IDBl Cash Credit

HISTORY:

The company was incorporated in the year 1999 and has over the last 14 years provided focused IT infrastructure Services across the geography of India, with its Head Quarters at Hyderabad and having branches at Bangalore, Pune, Delhi, Chennai and Singapore. Addressing the various IT infrastructure needs in verticals like Education and Research, Defence, IT / ITES, Corporates in India, Locuz has emerged as a successful and profitable business operation owing to their niche specialization in certain areas of operation. What differentiates Locuz in the industry is its sole focus on Technology infrastructure applied to select client industries where it provides end-to-end services capability (Plan, Acquire, Deploy, Maintain and Retire).

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10170062	27/09/2011 *	320,000,000.00	IDBI Bank Limited	224-A, Mittal Court,, A-Wing, 2nd Floor, Nariman Point, Mumbai, Maharashtra - 400021, India	B27828276

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.61.75
UK Pound	1	Rs.100.07
Euro	1	Rs.77.95

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	SUM
Report Prepared by :	VNT

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	4
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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		45

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.