MIRA INFORM REPORT

Report No. :	305304
Report Date :	28.01.2015

IDENTIFICATION DETAILS

Name :	SUVIDHAA INFOSERVE PRIVATE LIMITED
Registered Office :	Hi Tech Plaza, 2nd Floor, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	22.06.2007
Com. Reg. No.:	11-171937
Capital Investment / Paid-up Capital :	Rs.87.326 Millions
CIN No.: [Company Identification No.]	U72900MH2007PTC171937
TAN No.: [Tax Deduction & Collection Account No.]	MUMSE6354E
PAN No.: [Permanent Account No.]	AAKCS9448K
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is an organisation engaged in the e-distribution of G2C (government to citizen)/B2C services through a technology platform. The company has now launched an online portal that provides consumers with services like prepaid mobile and DTH recharge, utility bill payment and bill management services.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 1200000
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 operational risk profit 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 dealing 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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.

LOCATIONS

Registered Office/Corporate Office :	Hi Tech Plaza, 2nd Floor, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India
Tel. No.:	91-22-67765300
Fax No.:	91-22-64465200
E-Mail :	paresh@suvidhaa.net acharyasachinca@gmail.com enquiry@suvidhaa.net legal@suvidhaa.net
Website :	http://www.mysuvidhaa.com
Regional Office :	10 - C, 10th Floor, Gopala Tower, Rajender Palace, New Delhi-110 008. India
Tel. No.:	91-11-45634705 / 45634700 / 45634707
Fax No.:	91-11-45084936

DIRECTORS

As on 30.09.2014

Name :

Mr. Paresh Jamnadas Rajde

Designation :

Managing director

Address :

B - 1001 , Rahul Towers, R P Road , Mulund West, Mumbai – 400080, Maharashtra, India

Date of Birth/Age :

31.07.1965

Date of Appointment :

22.11.2012

DIN No.:

00016263

PAN No.:

AAAPR7138L

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	U72200MH1995PTC091236	TURBO TECHNOLOGIES PRIVATE LIMITED	Director	01-10-97	01-10-97	30-11-06	Active	NO
2	U72200MH2000PLC123486	TURBO INFOTECH LIMITED	Director	05-01-00	05-01-00	-	Active	NO
3	U92490MH2003PTC139673	DHAN GAMING SOLUTION (INDIA) PRIVATE LIMITED	Director	22-03-03	22-03-03	30-03-12	Active	NO
4	U70200MH2003PLC139672	NUEVO CONSULTANCY SERVICES LIMITED	Director	22-03-03	22-03-03	06-05-11	Active	NO
5	U72900MH2006PTC166010	SUVIDHAA INFOWAY PRIVATE LIMITED	Director	05-12-06	05-12-06	-	Active	NO
6	U72900MH2007PTC171937	SUVIDHAA INFOSERVE PRIVATE LIMITED	Director	22-11-12	22-06-07	-	Active	NO
7	U67190MH2007PTC176774	TANMAN ADVISORY AND FINANCIAL SERVICES PRIVATE LIMITED	Director	14-12-07	14-12-07	-	Active	NO
8	U74999MH2014PTC258503	Select Jobs Private Limited	Director	01-10-14	01-10-14	-	Active	NO

Name :

Mr. Jayant Goel

Designation :

Director

Address :

W-67, 1^st Floor, Greater Kailash 11, New Delhi – 110048, India

Date of Birth/Age :

06.06.1971

Date of Appointment :

12.09.2014

DIN No.:

01925642

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	U74999DL2001PTC112690	PETROWATCH INFORMATION (INDIA) PRIVATE LIMITED	Director	05-10-01	05-10-01	23-09-07	Active	NO
2	U45200UP2008PTC034886	BUNDELKHAND REAL ESTATE PRIVATE LIMITED	Director	25-03-08	25-03-08	-	Active	NO
3	U93000DL2009PTC187485	BRIGHTBRIDGE ADVISORS PRIVATE LIMITED	Director	11-02-09	11-02-09	-	Active	NO
4	U71230KA2009PTC049715	VEKOMA RIDES EQUIPMENT (INDIA) PRIVATE LIMITED	Director	30-04-09	30-04-09	14-06-10	Active	NO
5	U74900DL2009PTC194624	ONION CONSULTING PRIVATE LIMITED	Director	24-09-09	24-09-09	28-05-11	Active	NO
6	U67110MH2006PTC172142	NVP VENTURE CAPITAL INDIA PRIVATE LIMITED	Alternate director	15-10-09	15-10-09	-	Active	NO
7	U55101DL2005PTC138843	ASL HOSPITALITIES PRIVATE LIMITED	Director	24-02-10	24-02-10	-	Active	NO
8	U45202GJ2007PLC049808	SADBHAV INFRASTRUCTURE PROJECT LIMITED	Director	30-09-10	23-09-10	22-10-14	Active	NO
9	U74140DL1998PLC095234	ALLIANCE STRATEGIES LIMITED	Director	14-02-11	14-02-11	07-10-11	Active	NO
10	U52603MH2010PTC203810	WANNAMO MARKETING PRIVATE LIMITED	Director	30-11-12	12-10-11	-	Active	NO
11	U51909DL2009PTC194623	GOLDSQUARE SALES INDIA PRIVATE LIMITED	Director	30-09-14	26-11-11	-	Active	NO
12	U74899DL1994PTC061172	BOUTIQUE HOTELS INDIA PRIVATE LIMITED	Director	28-09-13	19-01-13	-	Active	NO
13	U45200WB2006PTC111545	SHRACHI BURDWAN DEVELOPERS PRIVATE LIMITED	Director	30-09-13	07-03-13	-	Active	NO
14	U55101DL2007PTC170916	DEVI BUSINESS HOTELS PRIVATE LIMITED	Director	26-09-13	02-04-13	-	Active	NO
15	U45400DL2009PTC194704	LEROY INFRA PRIVATE LIMITED	Additional director	30-09-13	30-09-13	01-04-14	Active	NO
16	U70109UP2006PTC066091	ELDECO CITY PRIVATE LIMITED	Nominee director	05-02-14	05-02-14	-	Active	NO
17	U70101HR2005PTC052971	ELDECO JALANDHAR PROPERTIES PRIVATE LIMITED	Nominee director	21-02-14	21-02-14	-	Active	NO
18	U51109WB2007PTC119754	SHRACHI VIRTUOUS RETAIL PROJECTS PRIVATE LIMITED	Director	30-09-14	27-03-14	-	Active	NO
19	U45208WB2009PTC133624	NEWTOWN DWELLERS PRIVATE LIMITED	Director	30-09-14	27-03-14	-	Active	NO
20	U72900MH2007PTC171937	SUVIDHAA INFOSERVE PRIVATE LIMITED	Director	12-09-14	24-07-14	-	Active	NO
21	U74999DL2014PTC269528	CREATIVE CURRENTS CONSULTING PRIVATE LIMITED	Director	28-07-14	28-07-14	-	Active	NO
22	U17110PB2006PLC029518	F M HAMMERLE TEXTILES LIMITED	Alternate director	05-09-14	05-09-14	-	Active	NO
23	U52110PN2006PTC022113	KAKDE CITY MALL PRIVATE LIMITED	Nominee director	09-09-14	09-09-14	-	Active	NO
24	U45200TN2009PTC071311	FUTURA TECHPARK PRIVATE LIMITED	Additional director	12-11-14	12-11-14	-	Active	NO

Name :

Mr. Rahul Madan Bhamburkar

Designation :

Managing director

Address :

1104, Onxy Nirmal Lifestyles, LBS Marg, Mulund West, Thane – 400080, Maharashtra, India

Date of Birth/Age :

20.12.1969

Date of Appointment :

06.06.2014

DIN No.:

06882936

Name :

Mr. Kshitij Kumar Gupta

Designation :

Director

Address :

B2- 3A, Telec Chs, Plot 30, Sector 17, Vashi, Navi Mumbai – 400703, Maharashtra, India

Date of Birth/Age :

22.05.1974

Date of Appointment :

22.11.2012

DIN No.:

03146879

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	U40108KA2008FTC047812	ALLGREEN ENERGY INDIA PRIVATE LIMITED	Nominee director	18-11-10	18-11-10	25-08-14	Active	NO
2	U72900MH2006PTC165965	GRADATIM I.T. VENTURES (INDIA) PRIVATE LIMITED	Nominee director	28-01-11	28-01-11	-	Active	NO
3	U72300KA1993PTC034929	TESSOLVE SEMICONDUCTOR PRIVATE LIMITED	Nominee director	28-09-12	17-02-12	-	Active	NO
4	U72900MH2007PTC171937	SUVIDHAA INFOSERVE PRIVATE LIMITED	Director	22-11-12	01-10-12	-	Active	NO

Name :

Mr. Keitaro Hatori

Designation :

Director

Address :

3-12-6 Higashigotanda, Shinagawa-Ku Tokyo 1410022

Date of Birth/Age :

02.08.1967

Date of Appointment :

30.09.2013

DIN No.:

05298890

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	U72900TN2002PTC049739	SULEKHA .COM NEW MEDIA PRIVATE LIMITED	Director	05-06-12	05-06-12	-	Active	NO
2	U72900MH2007PTC171937	SUVIDHAA INFOSERVE PRIVATE LIMITED	Director	30-09-13	12-08-13	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Vijeta Sudhir Salian
Designation :	Secretary
Address :	B/106, Ave Maria, I.C. Colony, Borivali (West), Mumbai – 400103, Maharashtra, India
Date of Birth/Age :	11.07.1988
Date of Appointment :	07.11.2011
PAN No.:	CRKPS6863E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders (Equity Shares)	No. of Shares
Rajde Jamnadas Paresh	6067360
Mistry Pallonji Shapoor	3000000
Turbo Telecom Private Limited, India	950000
Bhathija L Haresh	57900
Norwest Venture Partners X – Mauritius	57900
Jha Alok	82007
Haresh Lakshmanlal Bhathija	16779
Sidharth Saxena	54000
Samir Dave	5000
Total	10290946

Names of Shareholders (Preference Shares)	No. of Shares Class A
Norwest Venture Partners X – Mauritius	7237980
Reliance Capital Limited, India	7237980
Total	14475960

Names of Shareholders (Preference Shares)	No. of Shares Class B
Norwest Venture Partners X – Mauritius	2417325
Reliance Capital Limited, India	369709
International Finance Corporation, USA	7109780
Total	9896814

Names of Shareholders (Preference Shares)	No. of Shares Class C
Norwest Venture Partners X – Mauritius	199666
International Finance Corporation, USA	1197999
Mitsuk and Company Limited, Japan	9583983
Total	10981648

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	0.56
Bodies corporate	9.23
Directors or relatives of Directors	58.96
Other top fifty shareholders	31.25
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is an organisation engaged in the e-distribution of G2C (government to citizen)/B2C services through a technology platform. The company has now launched an online portal that provides consumers with services like prepaid mobile and DTH recharge, utility bill payment and bill management services.

Products :

Description of product or service	ITC Code
Facilitator of Distribution of Various Services	99979900

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

Customers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

No. of Employees :

Not Available

Bankers :

Axis Bank Limited, Corporate Centre, Ground Floor, Cts No.271, Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Short-term borrowings
Loans repayable on demand from banks	40.496	0.000
Total	40.496	0.000

Banking Relations :	--
Auditors :
Name :	B S R and Company Chartered Accountants
Address :	1st Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai-400011, Maharashtra, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAIFB4734C
Memberships :	--
Collaborators :	--
Entity under significant influence of key managerial personnel:	Suvidhaa Infoway Private Limited Reliance Venture Asset Management Limited Norwest Venture Partners Mitsui and Company Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.1/- each	Rs.15.000 Millions
15000000	Preferences Shares (Class ‘A’)	Rs.1/- each	Rs.15.000 Millions
10000000	Preferences Shares (Class ‘B’)	Rs.3/- each	Rs.30.000 Millions
12000000	Preferences Shares (Class ‘C’)	Rs.3/- each	Rs.36.000 Millions
	Total		Rs.96.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10290946	Equity Shares	Rs.1/- each	Rs.10.291 Millions
14475960	Preferences Shares (Class ‘A’)	Rs.1/- each	Rs.14.476 Millions
9896814	Preferences Shares (Class ‘B’)	Rs.3/- each	Rs.29.690 Millions
10981648	Preferences Shares (Class ‘C’)	Rs.3/- each	Rs.32.945 Millions
	Total		Rs.87.402 Millions

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.1/- each	Rs.15.000 Millions
15000000	Preferences Shares (Class ‘A’)	Rs.1/- each	Rs.15.000 Millions
10000000	Preferences Shares (Class ‘B’)	Rs.3/- each	Rs.30.000 Millions
12000000	Preferences Shares (Class ‘C’)	Rs.3/- each	Rs.36.000 Millions
	Total		Rs.96.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10215167	Equity Shares	Rs.1/- each	Rs.10.215 Millions
14475960	Preferences Shares (Class ‘A’)	Rs.1/- each	Rs.14.476 Millions
9896814	Preferences Shares (Class ‘B’)	Rs.3/- each	Rs.29.690 Millions
10981648	Preferences Shares (Class ‘C’)	Rs.3/- each	Rs.32.945 Millions
	Total		Rs.87.326 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	87.327	87.327	83.052
(b) Reserves & Surplus	317.482	423.815	528.098
(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)	404.809	511.142	611.150
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.175	0.000	0.000
(d) long-term provisions	6.477	5.651	4.513
Total Non-current Liabilities (3)	6.652	5.651	4.513
(4) Current Liabilities
(a) Short term borrowings	40.496	0.000	0.000
(b) Trade payables	19.837	28.371	15.212
(c) Other current liabilities	186.375	166.570	125.069
(d) Short-term provisions	0.786	0.576	0.530
Total Current Liabilities (4)	247.494	195.517	140.811
TOTAL	658.955	712.310	756.474
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	12.724	11.714	14.257
(ii) Intangible Assets	38.450	46.585	54.692
(iii) Capital work-in-progress	1.365	1.073	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	54.366	31.239	15.844
(e) Other Non-current assets	12.012	107.025	6.100
Total Non-Current Assets	118.917	197.636	90.893
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	39.662	16.453	27.133
(d) Cash and cash equivalents	375.408	389.467	535.337
(e) Short-term loans and advances	62.920	57.075	92.749
(f) Other current assets	62.048	51.679	10.362
Total Current Assets	540.038	514.674	665.581
TOTAL	658.955	712.310	756.474

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	376.686	196.852	127.883
	Other Income	58.203	45.452	26.028
	TOTAL	434.889	242.304	153.911
Less	EXPENSES	524.362	422.802	290.154
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(89.473)	(180.498)	(136.243)
Less/ Add	DEPRECIATION/ AMORTISATION	16.860	16.763	7.261
	PROFIT/ (LOSS) BEFORE TAX	(106.333)	(197.261)	(143.504)
Less	TAX	0.000	0.000	(0.140)
	PROFIT/ (LOSS) AFTER TAX	(106.333)	(197.261)	(143.364)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(740.936)	(543.675)	(400.311)
	Balance Carried to the B/S	(847.269)	(740.936)	(543.675)
	Earnings / (Loss) Per Share (Rs.)	(10.41)	(19.46)	(14.16)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(28.23)	(100.21)	(112.11)
Return on Total Assets (PBT/Total Assets}	(%)	(16.17)	(27.73)	(18.97)
Return on Investment (ROI) (PBT/Networth)		(0.26)	(0.39)	(0.23)
Debt Equity Ratio (Total Debt /Networth)		0.10	0.00	0.00
Current Ratio (Current Asset/Current Liability)		2.18	2.63	4.73

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	83.052	87.327	87.327
Reserves & Surplus	528.098	423.815	317.482
Net worth	611.150	511.142	404.809
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	40.496
Total borrowings	0.000	0.000	40.496
Debt/Equity ratio	0.000	0.000	0.100

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	127.883	196.852	376.686
		53.931	91.355

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	127.883	196.852	376.686
Profit	(143.364)	(197.261)	(106.333)
	(112.11%)	(100.21%)	(28.23%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

REVIEW OF OPERATION / STATE OF COMPANY’S AFFAIRS:

During the year, the Company has incurred a total expenditure of Rs. 541.222 Millions for the year ended March 31, 2014 as compared to Rs. 439.566 Millions for the year ended March 31, 2013, due to wide expansion of business. The net loss for the year has been Rs. 106.333 Millions as against loss of Rs. 197.262 Millions during the previous year.

As known to the members, the Company acts as an aggregator and thereby distributes the services in a most feasible and speedy manner using IT innovations, to the ultimate consumers with an objective to provide convenience and value to all its customers. The Company believes in spreading equality in the society as a result of which the strategies framed are such that the benefits of the services are obtained by the people living in most of the cities, towns and villages.

With the commitment to develop new strategies and in the process of influencing business transformations during the year, has lead to robust change in the development of the Company which has taken the Company to a new level of opportunities, the advantages of which is distributed to the customers of the Company. The Directors are continuously looking for avenues for future growth of the Company in Service Industry.

During the year, inter-alia the Company has been associated with Key Business Brands like Bajaj Allianz General Insurance for premium collection, Fullerton India Credit Company Limited for Loan Repayment Collection, Axis Bank for availing Cash Management facilities for the ease of Retailers and Distributors, Central Bank of India to issue co-branded prepaid cards to the retailers and distributors. The Company is putting in continuous and deliberate efforts to widen the bouquet of services so as to enable the customers to avail the benefits of services under one roof. Moreover the Company has grown manifold in the approach to the customers directly i.e. in its B2C business.

AWARDS/RECOGNITIONS

The Company was awarded the prestigious Red Herring 100 Asia Award for its innovative technology platform and best socio-economic business model. Also, the Company was voted as the Most Trusted Brand in the Retail Services Category in the Brand Trust Report – India Study 2013.

COMPANY OVERVIEW

Subject was incorporated on 22 June 2007 with an aim to aggregate, commoditize and distribute services in most convenient form to the consumers using Information Technology (IT). The Company assists service providers in bridging the gap of time, accessibility and convenience by the use of the IT innovations, providing convenience and to customers who are looking for travel, utility, remittance and recharge related services.

CONTINGENT LIABILITIES:

Particulars	31.03.2014
Claims against the company not acknowledged as debt	16.464
Bank guarantees outstanding given to service providers as performance guarantee	48.781

FIXED ASSETS

Tangible assets

• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipments
• Other equipments

Intangible assets

• Computer software

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.46
UK Pound	1	Rs.92.77
Euro	1	Rs.69.03

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	9
--PROFITABILITY	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	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		27

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.