MIRA INFORM REPORT

Report No. :	346076
Report Date :	21.10.2015

IDENTIFICATION DETAILS

Name :	GENIE INFOTECH PRIVATE LIMITED
Registered Office :	633, Abhinandan Plaza, 2nd Floor, Flat No.5, Pulachiwadi, Deccan Gymkhana, Pune - 411004, Maharashtra
Tel. No.:	91-20-41056000
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	14.07.2009
Com. Reg. No.:	11-134313
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U72900PN2009PTC134313
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	PNEG11532D
PAN No.: [Permanent Account No.]	AADCG77610
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in dealing in all types of computer hardware, software, software licenses and to provide all types of services and solution in the field of networking, software development and IT enabled services.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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 is an established company incorporated in the year 2009, having satisfactory track. The company possesses an above average financial risk profile marked by satisfactory networth position and good profit margin of the company. Tre rating further takes into consideration debt free balance sheet of the company. Trade relations are reported as fair. Business is active. Payments terms are reported as usually correct and as per commitment. The company can be considered normal for business dealings at usual trade terms and conditions.

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

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 31-03-2015.

INFORMATION DENIED BY

Name :	Mr. Ganesh
Designation :	Accountant
Contact No.:	91-20-41056000
Date :	19.10.2015

LOCATIONS

Registered Office/Head Office :	633, Abhinandan Plaza, 2nd Floor, Flat No.5, Pulachiwadi, Deccan Gymkhana, Pune - 411004, Maharashtra, India
Tel. No.:	91-20-41056000
Fax No.:	91-20-41056010
E-Mail :	suketu.shah@genieinfotech.co.in suketus@mygeniess.com accounts@gitpl.com
Website :	http://www.gitpl.com
Branch Office :	61/2, Sai Satyam Park, Opposite RTC Warehouse, Near Log INN Hotel, Nagar Road Wagholi, Mumbai, Maharashtra, India
Location :	Owned

DIRECTORS

As on 30.09.2014

Name :	Mr. Suketu Kirit Shah
Designation :	Director
Address :	759/118, A, Deccan Gymkhana, Prabhat Road, Pune – 411004, Maharashtra, India
Date of Birth/Age :	19.05.1977
Date of Appointment :	14.07.2009
DIN No.:	00063778
Name :	Mr. Amol Ramkrishna Phansalkar
Designation :	Director
Address :	Row House No.7, Woodland Dreams, Gandhi Bhavan, Kothrud, Pune – 411038, Maharashtra, India
Date of Birth/Age :	27.11.1975
Date of Appointment :	14.07.2009
DIN No.:	02236615

KEY EXECUTIVES

Name :	Mr. Ganesh
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Suketu Kirit Shah	500	50.00
Amol Ramkrishna Phansalkar	500	50.00
Total	1000	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 :	Subject is engaged in dealing in all types of computer hardware, software, software licenses and to provide all types of services and solution in the field of networking, software development and IT enabled services.
Products/Services :	· IT Infrastructure Solution · Enterprise Application Management · Business Intelligence Services
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

· Sigma Software Solutions

· Saama Technology

· Tavisca Solutions Private Limited

· M-Tech Innovations

· HOV Services Limited

No. of Employees :

Information declined by the management

Bankers :

Bank Name	HDFC Bank Limited
Branch	Pune, 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

Auditors :
Name :	SPCM and Associates Chartered Accountants
Address :	1211/B, Shukrawar Peth, Subhash Nagar, Lane No.4, Pune - 411002, Maharashtra, India
Tel. No.:	91-22-24479119
Fax No.:	91-22-24486663
E-Mail :	accounts@spcm.co.in
PAN N Income-tax PAN of auditor or auditor's firm :	AABFB8864C
Memberships :	--
Collaborators :	--
Other Related Party :	My Genie System and Services

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs.100/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000	Equity Shares	Rs.100/- each	Rs. 0.100 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	0.100	0.100	0.100
(b) Reserves & Surplus	8.393	4.282	2.451
(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)	8.493	4.382	2.551
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	5.755	12.977
(b) Deferred tax liabilities (Net)	0.090	0.051	0.059
(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)	0.090	5.806	13.036
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	28.020	15.975	6.739
(c) Other current liabilities	3.890	3.241	2.645
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	31.910	19.216	9.384
TOTAL	40.493	29.404	24.971
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.830	1.435	0.788
(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)	0.000	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	1.830	1.435	0.788
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.439	0.567	1.066
(c) Trade receivables	10.611	9.546	12.963
(d) Cash and cash equivalents	23.066	10.736	1.051
(e) Short-term loans and advances	1.079	0.433	0.210
(f) Other current assets	3.468	6.687	8.893
Total Current Assets	38.663	27.969	24.183
TOTAL	40.493	29.404	24.971

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Revenue from Operation	167.259	136.060	154.983
	Other Income	1.130	2.683	0.929
	TOTAL	168.389	138.743	155.912
Less	TOTAL EXPENSES	161.997	135.740	154.599
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	6.392	3.003	1.313
Less/ Add	DEPRECIATION/ AMORTISATION	0.587	0.432	0.385
	PROFIT/ (LOSS) BEFORE TAX	5.805	2.571	0.928
Less	TAX	1.694	0.696	0.209
	PROFIT/ (LOSS) AFTER TAX	4.111	1.875	0.719
	Earnings / (Loss) Per Share (Rs.)	4111.37	1875.00	719.00

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	N.A	N.A	N.A
Cash generated from operations	N.A	N.A	N.A
Net cash flow from operating activity	N.A	N.A	N.A

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	2.46	1.38	0.46
Return on Total Assets (PBT/Total Assets}	(%)	14.34	8.74	3.72
Return on Investment (ROI) (PBT/Networth)		0.68	0.59	0.36
Debt Equity Ratio (Total Debt /Networth)		0.00	1.31	5.09
Current Ratio (Current Asset/Current Liability)		1.21	1.46	2.58

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	0.100
Reserves & Surplus	2.451	4.282	8.393
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	2.551	4.382	8.493
long-term borrowings	12.977	5.755	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	12.977	5.755	0.000
Debt/Equity ratio	5.087	1.313	0.000

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	154.983	136.060	167.259
		(12.210)	22.930

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	154.983	136.060	167.259
Profit	0.719	1.875	4.111
	0.46%	1.38%	2.46%

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	Yes
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 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	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loan From Director – Amol Phansalkar	0.000	5.755
Total	0.000	5.755

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

· Plant and Equipment

· Air Conditioner Mobile

· Batteries for UPS

· Computer Cycles

· Furniture and Fixtures

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 records 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.64.81
UK Pound	1	Rs.100.11
Euro	1	Rs.73.74

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	DIV
Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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.