MIRA INFORM REPORT

Report No. :	315904
Report Date :	22.04.2015

IDENTIFICATION DETAILS

Name :	SAN-JOE FINANCIAL SERVICES PRIVATE LIMITED
Registered Office :	99/4, Dixit Road, Behind Makharia House, Vile Parle (East), Mumbai – 400057, Maharashtra
Tel. No.:	91-22-26124650
Country :	India
Financials (as on) :	31.03.2015 (Provisional)
Date of Incorporation :	24.09.2001
Com. Reg. No.:	11-133456
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U67190MH2001PTC133456
TAN No.: [Tax Deduction & Collection Account No.]	MUMS76192E
PAN No.: [Permanent Account No.]	AAGCS3328A
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Ancillary Services to the Finance, Tele-Communication and Utilities Industry such as Field Investigation, ITS Verifications, Collection of Post Disbursement Documentation, Monitoring and Collection of Insurance Renewals, etc.
No. of Employees :	50 (Approximately) [In Office: 8 + In Field: 42]

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Status :	Small company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. Sales turnover of the company has declined which resulted into decline in the profit of the company during FY 2014. The rating also takes into consideration company’s modest net worth and its small scale of operations. However, trade relations are reported as fair. Business is active. Payments terms 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

NOT AVAILABLE

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. Christopher John Rodriques
Designation :	Director
Contact No.:	91-9821079156
Date :	20.04.2015

LOCATIONS

Registered Office :	99/4 Dixit Road, Behind Makharia House, Vile Parle (East), Mumbai – 400057, Maharashtra, India
Tel. No. :	91-22-26129047/ 26114776/ 26124650
Mobile No. :	91-9821079156 (Mr. Christopher John Rodriques)
Fax No. :	91-22-26124650
E-Mail :	sanjoefinancials@hotmail.com narayanan.balan@gmail.com sanjoebpo@gmail.com
Website :	www.sanjoe.in
Area :	200 Sq. Ft.
Location :	Rented
Branch Office 1:	Survey no. 226/3/2, Rohan Apartments, Near Dnyaneshwar Nagri, Pimpri Gaon, Pimpri, Pune – 411017, Maharashtra, India
Tel. No.:	91-20-27410002
Fax No.:	91-20-27410045
E-Mail :	sanjoepune@hotmail.com
Branch Office 2:	N-53/VF2/26/7 Patil Nagar, 5th Scheme, Cidco, Nasik – 422009, India
Tel. No.:	91-253-2396320
Fax No.:	91-253-2398430
E-Mail :	nasik@sanjoe.in

DIRECTORS

As on 30.09.2014

Name :

Mr. Christopher John Rodriques

Designation :

Director

Address :

Flat No. 6, Krishna Kunj, NBBK Colony, Ceasar Road, Amboli, Andheri (West), Mumbai – 400058, Maharashtra, India

Date of Birth/Age :

24.12.1960

Qualification :

B. Com.

Experience :

35 Years

Date of Appointment :

02.01.2006

PAN No.:

AAMPR2088R

DIN No. :

00678411

Profile :

He Has 35 years experience in various industries in India and Abroad including Construction, Finance and Media in the Finance Department, General Manager Dalal Street Communications Limited (TV) and Vice President Lamhas Satellite Services Limited.

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	Company/ LLP Status	Defaulting status
1	U67190MH2001PTC133456	SAN-JOE FINANCIAL SERVICES PRIVATE LIMITED	Director	24-09-2001	24-09-2001	Active	NO
2	U74999MH2013PTC243576	SAN-JOE BPO SERVICES PRIVATE LIMITED	Director	24-05-2013	24-05-2013	Active	NO

Name :

Mr. Ranan Gilroy Christopher Rodrigues

Designation :

Director

Address :

Flat No. 6, Krishna Kunj, NBBK Colony, Ceasar Road, Amboli, Andheri (West), Mumbai – 400058, Maharashtra, India

Date of Birth/Age :

11.09.1991

Qualification :

B. Sc. IT

Experience :

4 Years

Date of Appointment :

01.10.2011

PAN No. :

AMVPR9983Q

DIN No. :

05256657

Profile :

Having completed his BSC Computer Science he has joined us since 2011 in implementing new technologies and other processes to develop the business.

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	Company/ LLP Status	Defaulting status
1	U67190MH2001PTC133456	SAN-JOE FINANCIAL SERVICES PRIVATE LIMITED	Director	01-10-2011	01-10-2011	Active	NO
2	U74999MH2013PTC243576	SAN-JOE BPO SERVICES PRIVATE LIMITED	Director	24-05-2013	24-05-2013	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Christopher John Rodriques	4000	40.00
Ranan Gilroy Christopher Rodrigues	6000	60.00
Total	10000	100.00

As on 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Providing Ancillary Services to the Finance, Tele-Communication and Utilities Industry such as Field Investigation, ITS Verifications, Collection of Post Disbursement Documentation, Monitoring and Collection of Insurance Renewals, etc.
Products :	· Field Investigation · ITS Verifications · Collection of Post Disbursement Documentation · Monitoring and Collection of Insurance Renewals · Post Disbursement Asset Verification · Soft Collections
Brand Names :	-
Agencies Held :	--
Exports :	--
Imports :	--
Terms :	--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (with Designation):	Not Divulged
Contact Number:	Not Divulged
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

Customers :

Reference:	Bank of Baroda Limited
Address :	Jogeswari (West), Mumbai – 400102, Maharashtra, India
Name of the Person (with Designation):	Mrs. S. Vanjare
Contact Number:	91-22-26825331
Service Provided :	Service Provided - IT Verification
Since How Long Known:	Not Divulged
Maximum Limit Dealt:	Not Divulged
Experience :	Not Divulged
Remarks :	Not Divulged

NAME OF CUSTOMER	ADDRESS	SERVICE PROVIDED
Apeejay Finance Group Limited	Mumbai – 400020, Maharashtra, India	Service Provided - Field Investigation and
IDBI Homefinance Limited	Shivaji Nagar, Pune – 411004, Maharashtra, India	Service Provided - Field Investigation, IT Verifications
Bob Housing Finance Limited	Jogeswari (West), Mumbai, Maharashtra, India	Service Provided - IT Verifications
GMAC-TCFC Finance Limited	Andheri (East), Mumbai – 400099, Maharashtra, India	Service Provided – EMI Collections
Kinetic Finance Limited	Pimpri, Pune – 411018, Maharashtra, India	Service Provided – Field Investigation (Two Wheeler Finance)
SMBC Capital India Limited	Mumbai – 400021, Maharashtra, India	Service Provided – Insurance Monitoring and Asset Verification (Corporate Cases)
Centurion Bank Limited	Chembur, Mumbai – 400071, Maharashtra, India	Service Provided – Field Investigation (Two Wheeler Finance)
Bharati Cellular Limited	Pune – 411037, Maharashtra, India	Service Provided – Credit Verification Maharashtra Circle (Vasai Region)
Cholamandalam Investment and Finance Company Limited	Churchgate, Mumbai – 400020, Maharashtra, India	Service Provided – 2^nd Field Investigation and IT Verification Services.

No. of Employees :

50 (Approximately) [In Office: 8 + In Field: 42]

Bankers :

Bank Name:	ICICI Bank Limited
Branch:	Gajalee Coastal Food, Kadamgiri Complex, Hanuman Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India
Name of the Person (with Designation):	Mr. Anil Sakpati (Officer)
Contact Number:	91-9022231023
Name of Account Holder:	SAN-JOE FINANCIAL SERVICES PRIVATE LIMITED
Account Number:	021105003073
Account Since (Date/ Year of A/c Opening):	09.12.2006
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	No Facility
Account Operation:	--
Remarks: The conduct of the account is satisfactory.

Facilities :

SECURED LOAN	31.03.2015 (Provisional) (Rs. In Million)
Secured Loans	0.400
Total	0.400

Banking Relations :	--
Auditors :
Name :	Balan Narayanan and Company Chartered Accountants
Address :	D/3 Mulund Sahakar Vishwa Co-Operative Housing Society, Nahur Road, Sarvodaya Nagar, Mulund, Mumbai – 400080, Maharashtra, India
Tel. No. :	91-22-25906119
Mobile No. :	91-9833466119
E-Mail :	narayanan.balan@cabalannarayanan.com narayanan.balan@gmail.com balan@cabalannarayanan.com
Income-tax PAN of auditor or auditor's firm :	ACZPN8411D
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	San Joe BPO Services Private Limited Address: Flat No. 6, Krishna Kunj CHSL, NBBK Colony, Ceasar Road, Amboli, Andheri (West), Mumbai – 400058, Maharashtra, India

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs.10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS			31.03.2015 (Provisional)
SHAREHOLDERS FUNDS
1] Share Capital			0.100
2] Share Application Money			0.000
3] Reserves & Surplus			0.725
4] (Accumulated Losses)			0.000
NETWORTH			0.825
LOAN FUNDS
1] Secured Loans			0.400
2] Unsecured Loans			0.000
TOTAL BORROWING			0.400
DEFERRED TAX LIABILITIES			0.000
TOTAL			1.225
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]			0.022
Capital work-in-progress			0.000
INVESTMENT			1.455
DEFERRED TAX ASSETS			0.018
CURRENT ASSETS, LOANS & ADVANCES
	Sundry Debtors		0.080
	Inventories
	Cash & Bank Balances
	Other Current Assets
	Loans & Advances		0.080
Total Current Assets			0.160
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities
	Provisions
Total Current Liabilities			0.430
Net Current Assets			(0.270)
MISCELLANEOUS EXPENSES			0.000
TOTAL			1.225

SOURCES OF FUNDS	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	0.603	0.562
(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)	0.703	0.662
(3) Non-Current Liabilities
(a) Long-term Borrowings	0.282	0.000
(b) Deferred Tax Liabilities (Net)	0.000	0.000
(c) Other Long Term Liabilities	0.000	0.000
(d) Long-term Provisions	0.722	2.238
Total Non-current Liabilities (3)	1.004	2.238
(4) Current Liabilities
(a) Short term Borrowings	0.000	0.000
(b) Trade Payables	0.000	0.000
(c) Other Current Liabilities	0.000	0.000
(d) Short-term Provisions	0.000	0.000
Total Current Liabilities (4)	0.000	0.000
TOTAL	1.707	2.900
II. ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets	0.022	0.032
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under Development	0.000	0.000
(b) Non-current Investments	0.005	0.005
(c) Deferred Tax Assets (net)	0.018	0.018
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-Current Assets	1.560	1.356
Total Non-Current Assets	1.605	1.411
(2) Current Assets
(a) Current Investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade Receivables	0.018	1.296
(d) Cash and Cash Equivalents	0.084	0.193
(e) Short-term Loans and Advances	0.000	0.000
(f) Other Current Assets	0.000	0.000
Total Current Assets	0.102	1.489
TOTAL	1.707	2.900

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015 (Provisional)	31.03.2014	31.03.2013
	SALES
		Income	1.400	3.895	9.288
		Other Income	0.080	0.021	0.000
		TOTAL (A)	1.480	3.916	9.288
Less	EXPENSES
		Employees Benefits Expense	1.000	3.309	7.221
		Other Expenses	0.350	0.537	1.480
		TOTAL (B)	1.350	3.846	8.701
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.130	0.070	0.587
Less	FINANCIAL EXPENSES (D)		0.000	0.001	0.011
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.130	0.069	0.576
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.010	0.010	0.021
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		0.120	0.059	0.555
Less	TAX (H)		0.040	0.018	0.129
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		0.080	0.041	0.426
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	0.562	0.136
	BALANCE CARRIED TO THE B/S		NA	0.603	0.562
	Earnings / (Loss) Per Share (Rs.)		8.00	4.08	42.60

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	5.71	1.05	4.59
Operating Profit Margin (PBDIT/Sales)	(%)	9.29	1.80	6.32
Return on Total Assets (PBT/Total Assets}	(%)	65.93	3.50	19.29
Return on Investment (ROI) (PBT/Networth)		0.15	0.08	0.84
Debt Equity Ratio (Total Debt/Networth)		0.48	0.40	0.00
Current Ratio (Current Asset/Current Liability)		0.37	0.00	0.00

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015 (Provisional)
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	9.288	3.895	1.400
		(58.064)	(64.056)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015 (Provisional)
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	9.288	3.895	1.400
Profit	0.426	0.041	0.080
	4.59%	1.05%	5.71%

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	Yes
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

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UNSECURED LOANS

(RS. IN MILLIONS)

PARTICULAR	31.03.2014
LONG TERM BORROWINGS
Term Loans - From Others	0.282
Total	0.282

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SAN-JOE FINANCIAL SERVICES PRIVATE LIMITED

COMPUTATION OF TOTAL INCOME

(RS. IN MILLIONS)

PARTICULARS	31.03.2014
Profits and Gains of Business of Profession
Business1: SAN-JOE FINANCIAL SERVICES PRIVATE LIMITED
Net Profit Before Tax as per P & L A/c	0.059
Add: Inadmissible Expenses and Income not included
Depreciation debited to P & L A/c	0.010 --------
Adjusted Profit from Business 1	0.069 --------
Total Income from Business and Profession	0.069
Less: Depreciation as per IT Act	0.010 --------
Income chargeable under the head “Business and Profession”		0.059
Total Income		-------- 0.059 --------
Tax on Total Income		0.018
Add: Education Cess		0.000 --------
Tax with Cess		0.018
Minimum alternative tax	0.011
Tax credit C/F and set off u/s 115JAA (Schedule 3)
Relief U/S 90 to 91
Net Tax		--------- 0.018
TDS	0.528
Total Prepaid Taxes		0.528
Refund Due		-------- 0.510 --------

SCHEDULE 1

PARTICULARS	INCOME	TAX
Income taxable @ 30 %	0.059	0.018

SCHEDULE 2

PARTICULARS	AMOUNT
Minimum Alternative Tax
Net profit before tax as per P&L A/c	0.059
Less: Provision for tax as per P&L A/c	0.018
Net profit after tax as per P&L A/c	0.041
Additions
Income tax
Provision for Current Tax 0.018
Total	0.018
Book Profit	-------- 0.059 --------
Mat on Book Profit	0.011
Mat with SC and Cess on Book Profit	0.011 --------

SCHEDULE 3

TDS as per Form 16A

NAME OF THE DEDUCTOR, TAN AND CERTIFICATE NO.	TDS DEDUCTED	TDS CLAIMED IN CURRENT YEAR	BALANCE TDS C/F
Bank of Baroda, TAN-MUMB11503C	0.006	0.006	--
Bank of Baroda, TAN-MUMB13753F	0.000	0.000	--
Bank of Baroda, TAN-MUMB17635C	0.013	0.013	--
Dewan Housing Finance Corporation Limited, TAN-MUMD09790E	0.368	0.368	--
Gruh Finance Limited, TAN-AHMG00211B	0.141	0.141	--
Total	0.528	0.528	--

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SAN-JOE FINANCIAL SERVICES PRIVATE LIMITED

PROJECTED BALANCE SHEET

(RS. IN MILLION)

SOURCES OF FUNDS			2016-2017	2015-2016
SHAREHOLDERS FUNDS
1] Share Capital			0.100	0.100
2] Share Application Money			0.000	0.000
3] Reserves & Surplus			1.200	0.973
4] (Accumulated Losses)			0.000	0.000
NETWORTH			1.300	1.073
LOAN FUNDS
1] Secured Loans			0.400	0.400
2] Unsecured Loans			0.000	0.000
TOTAL BORROWING			0.400	0.400
DEFERRED TAX LIABILITIES			0.000	(0.018)
TOTAL			1.700	1.455
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]			0.145	0.100
Capital work-in-progress			0.000	0.000
INVESTMENT			1.455	1.455
DEFERRED TAX ASSETS			0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Sundry Debtors		0.300	0.300
	Inventories
	Cash & Bank Balances
	Other Current Assets
	Loans & Advances		1.000	0.600
Total Current Assets			1.300	0.900
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors
	Other Current Liabilities
	Provisions
Total Current Liabilities			1.200	1.000
Net Current Assets			0.100	(0.100)
MISCELLANEOUS EXPENSES			0.000	0.000
TOTAL			1.700	1.455

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SAN-JOE FINANCIAL SERVICES PRIVATE LIMITED

PROJECTED PROFIT AND LOSS ACCOUNT

(RS. IN MILLION)

	PARTICULARS		2016-2017	2015-2016
	SALES
		Income	5.000	3.500
		Other Income	0.080	0.080
		TOTAL	5.080	3.580
Less	EXPENSES
		Staff Expenses	3.500	2.500
		Other Expenses	1.200	0.800
		TOTAL	4.700	3.300
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		0.380	0.280
Less/ Add	DEPRECIATION/ AMORTISATION		0.060	0.060
	PROFIT/ (LOSS) BEFORE TAX		0.320	0.220
Less	TAX		0.106	0.073
	PROFIT/ (LOSS) AFTER TAX		0.214	0.147

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. RANAN GILROY CHRISTOPHER RODRIGUES

(RS. IN MILLIONS)

(AS ON 31.03.2014)

PARTICULARS	AMOUNT
ASSETS
Cash/ Savings Accounts	0.079
Marketable Securities	1.374
Real Estate/ Home	1.000
Car/ Bike	0.563
Insurance Cash Values	0.022
Total Assets (A)	3.038
LIABILITIES
Secured Loans	0.709
Unsecured Loans	0.442
Other Unpaid Taxes and Interest	0.038
Total Liabilities (B)	1.189
NET WORTH (A – B = C)	1.849

------------------------------------------------------------------------------------------------------------------------------

NETWORTH STATEMENT

MR. CHRISTOPHER JOHN RODRIQUES

(RS. IN MILLIONS)

(AS ON 31.03.2014)

PARTICULARS	AMOUNT
ASSETS
Cash/ Savings Accounts	0.034
Marketable Securities	1.645
Real Estate/ Home	1.260
Total Assets (A)	2.939
LIABILITIES
Sundry Creditors	0.035
Unsecured Loans	0.529
Total Liabilities (B)	0.564
NET WORTH (A – B = C)	2.375

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HISTORY OF THE ORGANISATION

SAN-JOE FINANCIALS was started in April 2000 as a partnership firm and began it operation on the 15th April 2000 with 3 staff and doing verifications for Car/Auto finance proposals of Apeeiay Finance Group Limited. There after the firm has grown into a 50 strong force undertaking the following assignments.

Tata Homefinance Limited Contact Point Verification for housing finance cases in Mumbai, Thane Dist., Navi Mumbai, and Raigad Dist., Centurion Bank Limited Field Investigations for 2 Wheeler finance cases in Mumbai, Thane Dist., Navi Mumbai and Raigad Dist.

Subject was incorporated in Sept 2001 and has taken over the business of the firm from date of incorporation. Since incorporation the company has added more name to its portfolio like Kinetic Finance Limited, Bharati Cellular Limited (AIRTEL), Centurion Bank Limited, BOB Housing Finance Limited and Cholamandalam Investment and Finance Company Limited. They launched their Pune branch in the month of August 2002 and their Nasik Branch in December 2007.

THEIR MANAGEMENT TEAM

MR. CHRISTOPHER JOHN RODRIQUES: Has 35 years experience in various industries in India and Abroad including Construction, Finance and Media in the Finance Department, General Manager Dalal Street Communications Limited (TV) and Vice President Lamhas Satellite Services Limited.

MR. RANAN GILROY CHRISTOPHER RODRIGUES: Having completed his BSC Computer Science he has joined them since 2011 in implementing new technologies and other processes to develop the business.

MR. SANDIP SHINDE: Has 15 years experience and is their overall business coordinator. His tremendous hard work has helped San-Joe in its business. He has been a starting member of their team and continues to contribute immensely to its growth and efficiency.

MR. KAMLESH GIRI: Branch In-Charge (Mumbai)

Their field staff includes well trained college dropouts and graduates with good communication skills who are market friendly. These staff are coordinated by field Co-coordinators who are well experienced in the field.

THEIR PRODUCTS

1. FIELD INVESTIGATION/ CONTACT POINT VERIFICATION

The above operation would comprise of the following.

A. Visit to the borrowers residence

B. Visit to the borrowers place of work.

G. Background inquiries about the borrower from the local area which includes a telephonic confirmation.

Field investigation will be undertaken only after a fax request on format as designed by the financier. Out of the 2 visits one will prior be with appointment and the other will be a surprise visit. lnquiries in the local area will be done discreetly with people in the neighbourhood to ascertain the credibility of the borrower. The investigation will be conducted and report given within 24 hrs of the written request by fax as per format supplied by the financier. Field investigation reports will be faxed/emailed to the financier and hard copies will be delivered weekly.

2. ITS VERIFICATIONS

This operation will involve copies verifications of ITS submitted to the financier by the potential borrower and checking the details with the respective lT Circles.

3. COLLECTION OF P D DOCUMENTATION (AUTO FINANCE)

This operation will involve the collection of post disbursement documentation from the hirers/ borrowers after the disbursement.

4. MISCELLANEOUS DOCUMENT VERIFICATION

This service is meant to ensure that the applicant has submitted authentic documents. This process of verification covers all documents such as NOC from the society or the builder, any employment documents, Lease and Rental income documents, Bank statements or any other documents submitted by the applicant to support his claim for finance.

5. ASSET VERIFICATION

Asset verification (plant visits) comprises of a visit to the various locations where the assets of the company are located and a verification of the same which will include.

1. Identification of the asset

2. Labelling the asset

3. Photography of the asset

4. Submitting the report along with the photographs.

This also includes a survey of the locality and a report on Plant functioning.

6. SOFT COLLECTIONS

They are experienced in the field of EMI & Pre- Emi collections and also in the follow up of dues from chronic defaulters.

7. BALANCE OF TRANSFER SERVICE

This service is for those applications who intend to transfer their existing loans. This process covers taking the cheque from the new borrower and visiting the old borrower with the customer, settling all his accounts. After which handing over the cheque under due acknowledgement and following up with the old borrower for collection of the original documents for onward transmission to the new borrower. Any hiccups in the process will be duly informed to the new borrower.

They have earlier handled Home Finance Collections and Personal Finance Collections for ICICI Limited, Gar Finance Collections for GMAC-TCFC Finance Limited And EMl and PREEMI collections for lDBl Home Finance Ltd (formerly Tata Homefinance Limited) soft collections for Bajaj Finance Limited.

SPECIFIC FUNCTIONS

Other than the above they are also equipped to take on special functions which the organization would like to outsource and they can set up and train a special team to cater to the requirements

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INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY 

FIXED ASSETS

TANGIBLE ASSETS

· Air Condition

· Fax Machine

· Computer

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. 62.92
UK Pound	1	Rs. 93.57
Euro	1	Rs. 67.34

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	DIV
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--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		29

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.