MIRA INFORM REPORT

Report No. :	350890
Report Date :	20.11.2015

IDENTIFICATION DETAILS

Name :	MAGNUM NETWORKS SUPPORT PRIVATE LIMITED
Registered Office :	Unit No.204, Sagar Tech Plaza, 2nd Floor, B – Wing, Andheri Kurla Road, Sakinaka, Andheri (East), Mumbai-400072, Maharashtra
Tel. No.:	91-22-42299333
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	28.01.2003
Com. Reg. No.:	11-138877
Capital Investment / Paid-up Capital :	Rs.1.000 million
CIN No.: [Company Identification No.]	U64202MH2003PTC138877
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	MUMM24221B
PAN No.: [Permanent Account No.]	AADCM3939J
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in providing Networking Solution Services.
No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject was incorporated the year 2003 and it is engaged into providing networking solution services. Rating takes into consideration company’s established track record of business operations marked by its above average financial base along with zero debt balance sheet profile and favorable gap between trade payable to its receivables. Trade relations are reported be fair. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition.

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 31-03-2015.

INFORMATION DECLINED BY

Name :	Mr. Madhu Nair
Designation :	Finance Manager
Contact No.:	91-22-42299333
Date :	19.11.2015

LOCATIONS

Registered Office :	Unit No.204, Sagar Tech Plaza, 2nd Floor, B – Wing, Andheri Kurla Road, Sakinaka, Andheri (East), Mumbai-400072, Maharashtra, India
Tel. No.:	91-22-42299333
Fax No.:	Not Available
E-Mail :	madhu@mns.mn info@mns.mn
Website :	http://www.mns.mn
Branch Office :	Located at: · Bangalore · Delhi · Pune · Chennai · Cochin
Overseas Office :	Magnum IT Solutions Pte. Limited 31, Cantonment Road,Singapore-089747

DIRECTORS

AS ON 30.09.2014

Name :	Mr. Praveen Valiya Parampath
Designation :	Director
Address :	ELM 100, Prestige Zone, Varthur Road, Whitefield, Bangalore-560066, Karnataka, India
Date of Birth/Age :	25.05.1970
Date of Appointment :	01.01.2014
DIN No.:	00242155
Name :	Mr. Joshy Purackal Chacko
Designation :	Director
Address :	B-402, Akashdeep CHS, Shri Prastha Complex, Near Fun Fiesta, Nallasopara (West), Thane- 401203, Maharashtra, India
Date of Birth/Age :	16.02.1978
Date of Appointment :	01.04.2012
DIN No.:	05292145

KEY EXECUTIVES

Name :	Mr. Madhu Nair
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Sujith Kumar TK	10000
Vijoy Vasu	20000
Joshy Chacko	10000
Vinod Kumar N.	45000
Ganesh Diwankaran	2000
Manoj Kumar Nair	5000
Meneesh A.M.	2000
Jayson Joseph	2000
Madhu Mohan	2000
Shine T.	2000
Total	100000

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in providing Networking Solution Services.
Products/ Services :	· Implementation Services · Staffing and Facility Management · Managed Services · Support Services · IT Solutions Design · Building Management Systems · Network Integration · Wireless Networks · IT Security Solutions · Converged Solutions · Datacenter Environment Monitoring · Datacenter Infrastructure
Brand Names :	--
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Mahindra and Mahindra Limited
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

· Tata Communications Limited

· Syntel, Inc

· Allanasons

· Ashok Leyland

No. of Employees :

Information declined by the Management

Bankers :

Bank Name:	The Federal Bank Limited
Branch:	Kalina, Santacruz, Mumbai, 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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

Union Bank of India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Term Loans
From Banks	0.000	3.800
Total	0.000	3.800

Auditors :
Name :	Ganesh Shetty and Company Chartered Accountants
Address :	111-C, Morya House, New Link Road, Andheri (West), Mumbai-400053, Maharashtra, India
Tel. No.:	91-22-26731281
Fax No.:	91-22-26731282
E-Mail :	caganesh1988@rediffmail.com
Income-tax PAN of auditor or auditor's firm :	AAFPS8339B
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs. 10/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
100,000	Equity Shares	Rs. 10/- each	Rs. 1.000 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	1.000	0.100	0.100
(b) Reserves & Surplus	9.253	4.250	2.107
(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)	10.253	4.350	2.207
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	3.852	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	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)	0.000	3.852	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	17.778	12.294	0.134
(c) Other current liabilities	16.494	4.917	0.111
(d) Short-term provisions	3.535	2.687	0.055
Total Current Liabilities (4)	37.807	19.898	0.300
TOTAL	48.060	28.100	2.507
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.624	0.894	0.048
(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)	3.103	0.428	0.000
(d) Long-term Loan and Advances	1.461	1.146	1.564
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	6.188	2.468	1.612
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	6.647	2.482	0.000
(c) Trade receivables	26.518	15.628	0.291
(d) Cash and cash equivalents	4.281	5.595	0.604
(e) Short-term loans and advances	4.426	1.927	0.000
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	41.872	25.632	0.895
TOTAL	48.060	28.100	2.507

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL	NA	54.360	5.698
Less	EXPENSES
		TOTAL	NA	51.024	5.288
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION			3.336	0.410
Less	INTEREST COSTS			0.132	0.000
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION			3.204	0.410
Less/ Add	DEPRECIATION/ AMORTISATION			0.100	0.011
	PROFIT BEFORE TAX		8.940	3.104	0.399
Less	TAX		3.037	0.961	0.123
	PROFIT AFTER TAX		ssss	2.143	0.276
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	4.022	0.000	0.000
	TOTAL EARNINGS		4.022	0.000	0.000
	Earnings Per Share (Rs.)		59.03	214.30	27.60

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash Generated from Operations	NA	NA	NA
Net Cash Flow from used in Operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	19.89	11.22	15.92
Return on Investment (ROI) (PBT/Networth)		0.87	0.71	0.18
Debt Equity Ratio (Total Debt/Networth)		0.00	0.89	0.00
Current Ratio (Current Asset/Current Liability)		1.11	1.29	2.98

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	0.100	1.000
Reserves & Surplus	2.107	4.250	9.253
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	2.207	4.350	10.253
Long-term borrowings	0.000	3.852	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	3.852	0.000
Debt/Equity ratio	0.000	0.886	0.000

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	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	No
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 two 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	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Loans and Advances from related parties/ Others	0.000	0.052
Total	0.000	0.052

CHANGE OF ADDRESS:

The Registered Office of the company has been shifted from No. 102, 1^st Floor, Shraddha Building, Mistry Complex, J B Nagar, Andheri (East), Mumbai-400059, Maharashtra, India to the present address w.e.f 01.04.2013

FIXED ASSETS:

Tangible Assets

· Plant and Equipment

· Furniture and Fixtures

· Office Equipment

· Computer and Software

Intangible Assets

· Trade Mark

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. 66.11
UK Pound	1	Rs. 101.03
Euro	1	Rs. 70.78

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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.