MIRA INFORM REPORT

Report Date :

26.09.2014

IDENTIFICATION DETAILS

Name :	UNICOMMERCE ESOLUTION PRIVATE LIMITED
Registered Office :	52 B, Ground Floor Okhla Industrial Estate, Phase lll, New Delhi – 110020
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	02.02.2012
Com. Reg. No.:	55-230932
Capital Investment / Paid-up Capital :	Rs. 1.362 Millions
CIN No.: [Company Identification No.]	U74140DL2012PTC230932
Legal Form :	Private Limited Liability Company.
Line of Business :	The Company is engaged in providing a range of ‘Software Services’ more specifically known in IT (Information technology) field as ‘Software as a Service’ or ‘SaaS’, relating to supply Chain management.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 240000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk profile and losses that company has incurred from its operational activities. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

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 slow 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 DENIED

Management Non Co-operative (91-11-41014552)

LOCATIONS

Registered Office :	52 B, Ground Floor Okhla Industrial Estate, Phase lll, New Delhi – 110020, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	accounts@unicommerce.com
Website :	http://www.unicommerce.com

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Ankit Pruthi

Designation :

Director

Address :

WZ-1167 Rani Bagh, Delhi – 110034, India

Date of Birth/Age :

25.02.1983

Date of Appointment :

02.02.2012

DIN No. :

05144322

Name :

Mr. Karun Singla

Designation :

Director

Address :

H. No. 380, Housing Board Colony, Cheeka, Tehsil Guhla, Kaithal, 136035, Haryana, India

Date of Birth/Age :

15.08.1982

Date of Appointment :

02.02.2012

DIN No. :

05144330

Name :

Mr. Vibhu Garg

Designation :

Director

Address :

H. No. 112, Sector 11, Panchkula – 13410, Haryana, India

Date of Birth/Age :

30.05.1983

Date of Appointment :

07.02.2012

DIN No. :

05191411

Name :

Mr. Anup Kumar Gupta

Designation :

Additional Director

Address :

B-1202, Floor 12, Raheja Atlantis, G.K. Marg Lowerparel, Mumbai 400013, Maharashtra India

Date of Birth/Age :

26.05.1972

Date of Appointment :

18.12.2012

DIN No. :

02284944

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	U72200MH1996PTC100196	WNS GLOBAL SERVICES PRIVATE LIMITED	Director	08/07/2005	08/07/2005	26/03/2010	Active	NO
2	U72900MH2003PTC189790	WNS Customer Solutions Shared Services Private Limited	Director	29/09/2008	10/07/2008	01/12/2008	Amalgamated	NO
3	U73900MH1998PTC116053	NETMAGIC SOLUTIONS PRIVATE LIMITED	Director	07/09/2010	07/09/2010	29/08/2012	Active	NO
4	U41000MH2010FTC208464	Jaldhara Technologies Private Limited	Director	30/09/2010	30/09/2010	-	Active	NO
5	U65999MH2007PTC167234	Nexus India Capital Advisors Private Limited	Managing director	24/09/2012	15/10/2011	-	Active	NO
6	U85121DL2006PTC152865	EYE-Q VISION PRIVATE LIMITED	Director	29/09/2012	19/11/2011	-	Active	NO
7	U80902TG2008PTC062284	TalentSprint Private Limited	Nominee director	10/04/2012	10/04/2012	-	Active	NO
8	U65922HR1998PLC042782	INDIA SHELTER FINANCE CORPORATION LIMITED	Director	29/09/2012	21/07/2012	-	Active	NO
9	U74140DL2012PTC230932	Unicommerce eSolutions Private Limited	Additional director	18/12/2012	18/12/2012	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2013

Equity Shareholders

Names of Shareholders	No. of Shares
Ankit Pruthi	6900
Karun Singla	6900
Vibhu Garg	6900
Kunal Bahl	1000
Rohit Kumar Bansal	1000
Nexus Venture lll Limited C/O CIM Fund Services Limited, Mauritius	10
Total	22710

Preference Shareholders

Names of Shareholders	No. of Shares
Nexus Venture lll Limited C/O CIM Fund Services Limited, Mauritius	11350
Total	11350

As on 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	0.04
Directors or relatives of Directors	91.15
Others	8.81
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is engaged in providing a range of ‘Software Services’ more specifically known in IT (Information technology) field as ‘Software as a Service’ or ‘SaaS’, relating to supply Chain management.

GENERAL INFORMATION

No. of Employees :	Information declined by the management.
Bankers :	Not Available
Facilities :	Not Available

Banking Relations :	--
Auditors :
Name :	BSSR and Company Chartered Accountants
Address :	Building No. 10, 8^th Floor, Tower – B DLF Cyber City, Phase – ll, Gurgaon – 122002, New Delhi, India
Tel. No.:	91-124-2549191
Fax No.:	91-124-2549101
PAN No.:	AAKFB4430H
Entity which exercises significant influence over the reporting enterprises	Nexus Ventures lll Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
60000	Equity Shares	Rs.10/- each	Rs.0.600 Million
11350	Preference Shares	Rs.100/- each	Rs.1.135 Millions
	Total		Rs. 1.735 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
22710	Equity Shares	Rs.10/- each	Rs. 0.227 Million
11350	Preference Shares	Rs.100/- each	Rs.1.135 Millions
	Total		Rs. 1.362 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.362	0.227
(b) Reserves & Surplus	59.837	1.871
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	61.199	2.098
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.014
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.146	0.000
Total Non-current Liabilities (3)	0.146	0.014
(4) Current Liabilities
(a) Short term borrowings	1.233	2.884
(b) Trade payables	0.687	0.000
(c) Other current liabilities	0.938	0.000
(d) Short-term provisions	0.009	0.087
Total Current Liabilities (4)	2.867	2.971
TOTAL	64.212	5.083
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.658	0.129
(ii) Intangible Assets	0.618	0.160
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.512	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	1.796	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	3.584	0.289
(2) Current assets
(a) Current investments
(b) Inventories	0.000	0.000
(c) Trade receivables	0.714	0.080
(d) Cash and cash equivalents	57.117	4.640
(e) Short-term loans and advances	0.606	0.000
(f) Other current assets	2.191	0.074
Total Current Assets	60.628	4.794
TOTAL	64.212	5.083

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012
	INCOME	NA	NA
	EXPENSES	NA	NA
	PROFIT/ (LOSS) BEFORE TAX	(0.966)	(0.093)
Less	TAX	(0.014)	0.015
	PROFIT/ (LOSS) AFTER TAX	(0.952)	(0.108)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(0.108)	0.000
	BALANCE CARRIED TO THE B/S	(1.060)	(0.108)
	EARNINGS IN FOREIGN CURRENCY
	Software Services Income	0.197	0.000
	Total Earning	0.197	0.000
	Earnings / (Loss) Per Share (Rs.)	(27.95)	(4.78)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	(1.52)	(1.83)
Return on Investment (ROI) (PBT/Networth)		(0.02)	(0.04)
Debt Equity Ratio (Total Debt /Networth)		0.02	1.37
Current Ratio (Current Asset/Current Liability)		21.15	1.61

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.227	1.362
Reserves & Surplus	1.871	59.837
Net worth	2.098	61.199
long-term borrowings	0.000	0.000
Short term borrowings	2.884	1.233
Total borrowings	2.884	1.233
Debt/Equity ratio	1.375	0.020

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	No
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	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	No
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

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
Short term Loans from related parties(Director)	1.233	2.884
Total	1.233	2.884

REVIEW OF OPERATION

During the Year, the Company had net loss of Rs. 0.952 Millions as against net loss of Rs. 0.108 Millions during the previous financial year. The Directors are hopeful of achieving better results in the next year of operations.

BACKGROUND

The Company was incorporated in New Delhi, India on 02 February 2012 registered under CIN (Company Identification Number) U74140DL2012PTC230932 having its registered office at New Delhi, India. The Company is engaged in providing a range of ‘Software Services’ more specifically known in IT (Information technology) field as ‘Software as a Service’ or ‘SaaS’, relating to supply Chain management. .

VIEW INDEX OF CHARGES: 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. 61.02
UK Pound	1	Rs. 99.42
Euro	1	Rs. 77.84

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KAR
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	-
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.