MIRA INFORM REPORT

Report No. :	324162
Report Date :	25.05.2015

IDENTIFICATION DETAILS

Name :	GLOBAL IT PARK (INDIA) PRIVATE LIMITED

Registered Office :	Shop No.9, Dyaneshwari Building, Plot No. B/2B, A/24C, Sector-12, Kharghar, Opposite Sector – 6, Navi Mumbai – 410210, Maharashtra
Tel No.:	91-22-27744277 / 9077 / 65276677

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	11.11.2011

Com. Reg. No.:	11-223776

Capital Investment / Paid-up Capital :	Rs.2.500 Million

CIN No.: [Company Identification No.]	U72900MH2011PTC223776

TIN No.:	Not Available

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	MUMG15841A

PAN No.: [Permanent Account No.]	AAECG4969P

Legal Form :	Private Limited Liability Company

Line of Business :	Dealer in Computer Hardware and Peripherals.

No. of Employees :	15 (Approximately)

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

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is a relatively new company having moderate track record. External borrowing of the company seems to be huge. Profitability of the company also seems to be low during 2014. However, trade relations are fair. Business is active. Payment terms 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.

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 (GENERAL DETAILS)

Name :	Mrs. Kalyani
Designation :	Accounts Executive
Contact No.:	91-22-27749077
Date :	22.05.2015

LOCATIONS

Registered Office / Branch Office:	Shop No.9, Dyaneshwari Building, Plot No. B/2B, A/24C, Sector-12, Kharghar, Opposite Sector – 6, Navi Mumbai – 410210, Maharashtra, India
Tel. No.:	91-22-27744277/9077/65276677
Mobile No.:	91-9892329977 (Mr. Amar Malaram Gehlot) 91-9833299283 (Ms. Bhavika)
Fax No.:	Not Available
E-Mail :	jncroc@yahoo.in amar@globalitpark.com info@globalitpark.com
Website :	www.globalitpark.com
Location :	Owned

DIRECTORS

As on 30.09.2014

Name :	Mr. Amar Malaram Gehlot
Designation :	Director
Address :	16, Gandhi Bhavan, Ground Floor, Chunam Lane, Lamington Road, Grant Road, Mumbai -400004, Maharashtra, India
Date of Birth/Age :	16.11.1983
Date of Appointment :	11.11.2011
DIN No.:	00359684

Name :	Jyoti Amar Gehlot
Designation :	Director
Address :	Flat No. 12, G-Wing, Pannalal Taraces, 3^rd Floor, Grant Road, Mumbai – 400007, Maharashtra, India
Date of Birth/Age :	17.05.1987
Date of Appointment :	11.11.2011
DIN No.:	02993602

KEY EXECUTIVES

Name :	Mr. Suresh
Designation :	Manager

Name :	Mrs. Kalyani
Designation :	Accounts Executive

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	% of Holding
Amar Malaram Gehlot	150000	60.00
Jyoti Amar Gehlot	100000	40.00
Total	250000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Dealer in Computer Hardware and Peripherals.

Products :	Computer Hardware and Peripherals

Brand Names :	--

Agencies Held :	--

Exports :	Not Divulged

Imports :	Not Divulged

Terms :
Selling :	Cash and Credit (30 Days)

Purchasing :	Cash and Credit (30 Days)

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

15 (Approximately)

Bankers :

Banker Name	State Bank of Travancore
Branch Address	New Satara Samuh CHS, Sector 12, Kharghar., Navi Mumbai - 410210, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Vehicle Loan from HDFC Bank (Cruze)	0.675	0.000
Vehicle Loan From ICICI Bank (Vento)	0.609	0.000
Vehicle Loan from SBT (Verna)	0.859	0.000
SHORT TERM BORROWINGS
Bank OD from SBT, Kharghar	48.871	22.928
HDFC Bank Car Loan installment due for the year	0.177	0.000
ICICI Bank Car Loan installment due for the year	0.152	0.000
SBT Car Loan installment due for the year	0.103	0.000
Total	51.446	22.928


Auditors :
Name :	Balram Chandra and Associates Chartered Accountants
Address :	A-105,Kukreja Centre Premises, Plot-13 Sector-11, Cbd Belapur, Navi Mumbai – 400614, Maharashtra, India
Tel. No.:	91-22-27577260 / 6673
E-Mail :	infobcaindia@yahoo.com
PAN No.:	AADFB7627D

Memberships :	--

Collaborators :	--

Sister Concern :	Not Divulged

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

1000000	Equity Shares	Rs.10/- each	Rs.10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

250000	Equity Shares	Rs.10/- each	Rs.2.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	2.500	2.500	0.100
(b) Reserves & Surplus	2.611	1.898	0.321
(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)	5.111	4.398	0.421

(3) Non-Current Liabilities
(a) long-term borrowings	14.534	3.850	0.050
(b) Deferred tax liabilities (Net)	0.000	0.096	0.000
(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)	14.534	3.946	0.050

(4) Current Liabilities
(a) Short term borrowings	50.053	26.149	0.699
(b) Trade payables	39.402	16.324	10.803
(c) Other current liabilities	0.000	3.752	0.000
(d) Short-term provisions	1.530	1.594	0.380
Total Current Liabilities (4)	90.985	47.819	11.882

TOTAL	110.630	56.163	12.353

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	8.345	4.710	0.000
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.055	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	8.400	4.710	0.000

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	44.500	19.307	1.785
(c) Trade receivables	40.882	29.025	9.184
(d) Cash and cash equivalents	10.813	0.589	0.799
(e) Short-term loans and advances	2.794	0.301	0.200
(f) Other current assets	3.175	0.055	0.067
(g) Balance with revenue authorities	0.066	2.176	0.318
Total Current Assets	102.230	51.453	12.353

TOTAL	110.630	56.163	12.353

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	276.143	200.950	42.683
		Other Income	9.422	8.034	NA
		TOTAL (A)	285.565	208.984	NA

Less	EXPENSES
		Purchase of Stock-in-trade	290.369	216.410
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade	(25.192)	(17.522)
		Employee Benefits Expenses	4.594	3.295
		Other Expenses	7.626	3.125
		TOTAL (B)	277.397	205.308	NA

	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		8.168	3.676

Less	FINANCIAL EXPENSES (D)		5.005	0.665	NA

	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		3.163	3.011

Less	DEPRECIATION/ AMORTISATION (F)		1.974	0.631	NA

	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		1.189	2.380

Less	TAX (H)		0.476	0.803	NA

	PROFIT/(LOSS) AFTER TAX (G-H) (I)		0.713	1.577	0.489

	Earnings / (Loss) Per Share (Rs.)		2.85	6.31	NA

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

Cash generated from operations

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.26	0.78	1.15

Operating Profit Margin (PBDIT/Sales)	(%)	2.96	1.83	NA

Return on Total Assets (PBT/Total Assets}	(%)	1.08	4.24	NA

Return on Investment (ROI) (PBT/Networth)		0.23	0.54	NA

Debt Equity Ratio (Total Debt /Networth)		12.64	6.82	1.78

Current Ratio (Current Asset/Current Liability)		1.12	1.08	1.04

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	0.100	2.500	2.500
Reserves & Surplus	0.321	1.898	2.611
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	0.421	4.398	5.111

Long Term borrowings	0.050	3.850	14.534
Short Term borrowings	0.699	26.149	50.053
Total borrowings	0.749	29.999	64.587
Debt/Equity ratio	1.779	6.821	12.637

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	42.683	200.950	276.143
		370.796	37.419

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	42.683	200.950	276.143
Profit	0.489	1.577	0.713
	1.15%	0.78%	0.26%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	----------
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter ID Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	----------
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	----------
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	----------
33	Market information	----------
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Amar Gehlot Loan	8.164	2.750
Jyoti Gehlot loan	4.227	1.100
SHORT TERM BORROWINGS
Asian Enterprises	0.000	0.500
Sri Sai Balaji Buildcon	0.000	1.500
Amar Gehlot	0.000	0.271
Jyoti Gehlot	0.000	0.400
Vaishali Khedkar	0.750	0.550
Total	13.141	7.071

FINANCIAL HIGHLIGHTS

During, the period, the Company had earned a net profit of Rs.1.189 Million after providing for Interest and depreciation. The Company expects better performance in the years to come.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10407542	25/09/2013 *	60,000,000.00	State Bank Of Travancore	New Satara Samuh Chs, Sector 12, Kharghar., Navi Mumbai, Maharashtra - 410210, India	B87579504

*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.63.57
UK Pound	1	Rs.99.67
Euro	1	Rs.70.83

INFORMATION DETAILS

Information Gathered by :	RKH

Analysis Done by :	RAS

Report Prepared by :	VNT

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	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	2
--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	NO
--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.

MIRA INFORM REPORT

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