MIRA INFORM REPORT

Report No. :	502549
Report Date :	10.04.2018

IDENTIFICATION DETAILS

Name :	1MG TECHNOLOGIES PRIVATE LIMITED
Registered Office :	Level 3, Vasant Square Mall, Pocket V, Sector B, Vasant, Kunj, New Delhi - 110070
Mobile No.:	91-9873301117 (Mr. Prashant Tandon)
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	20.04.2015
Com. Reg. No.:	55-279229
Capital Investment / Paid-up Capital :	INR 38.732 Million
CIN No.: [Company Identification No.]	U74140DL2015PTC279229
IEC No.: [Import-Export Code No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	07AAACZ8318D1ZC
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACZ8318D
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of providing technology enabled healthcare services such as health information services and lead generation for healthcare services. [Registered Activity]
No. of Employees :	Information denied by the management

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Maximum Credit Limit :	USD 1500000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	1mg is e-commerce health care company based in Gurugram, Haryana, India. The company was founded in the year 2012 as “HealthKartPlus”, a part of “Bright Life care Private Limited”. In April 2015, HealthKartPlus spun off into separate entity and rebranded itself as “1 Mg”. It operates an online market place for medicines, besides facilitating medical appointments and diagnostic test bookings. For the financial year 2017, the company has achieved decent growth in its revenue as compared to its previous year but has incurred losses during the year. Rating takes into consideration, the satisfactory financial risk profile marked by improved net worth base and strong debt protection metrics. Rating continue to derive strength from its considerable experience of its promoters in e-commerce pharmacy industry. However, these rating strengths gets partially offset by continuous operational losses, limited track record of its business operations and intense competition among large players in e-commerce industry. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered 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.

ECGC Country Risk Classification List

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 31-03-2018.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 10.04.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION DENIED BY

Name :	Mr. Prashant Tandon
Designation :	Director
Contact No.:	91-9873301117
Name :	Mr. Bharat Singh
Designation :	Office Executive
Contact No.:	91-124-4108418
Date :	09.04.2018

LOCATIONS

Registered Office :	Level 3, Vasant Square Mall, Pocket V, Sector B, Vasant, Kunj, New Delhi – 110070, India
Tel. No.:	Not Available
Mobile No.:	91-9873301117 (Mr. Prashant Tandon)
Fax No.:	Not Available
E-Mail :	pt@1mg.com legal.support@1mg.com prasanttondon@gmail.com
Website :	http://www.1mg.com
Corporate Office :	1^st Floor, Motorola Building, Sector – 14, Gurugram – 122001, Haryana, India
Tel No.:	91-124-4108418/3021023
Area :	15000 Sq. Ft.
Location :	Rented
Branch Office:	E - 1, Bandhu Vihar Apartments, Dwarka, Sector-10, New Delhi - 110075, India

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Prashant Tandon

Designation :

Director

Address :

E-1, Bandhu Vihar, Apartment, Plot- 11, Sector 10, Dwarka, New Delhi-110075, India

Qualification :

MBA – B. Tech

Date of Appointment :

20.04.2015

PAN No.:

ACVPT2871J

DIN No.:

02887793

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U72200DL2010PTC199435	PRIME HEALTHCHAKRA PRIVATE LIMITED	23/02/2010	-
U51909DL2011PTC218346	BRIGHT LIFECARE PRIVATE LIMITED	30/04/2011	-
U74140DL2015PTC279315	BRIGHT NUTRICARE PRIVATE LIMITED	21/04/2015	-

Mr. Gaurav Agarwal

Designation :

Additional Director

Address :

E-71, DLF Belaire Golf, Course Road, DLF Phase-V, Gurgaon - 122002, Haryana, India

Date of Birth/Age :

11.08.1978

Date of Appointment :

27.04.2016

PAN No.:

BLOPA8556P

Passport No.:

Z3489024

DIN No.:

07497713

Name :

Mr. Badri Bahukutumbi Pillapakkam

Designation :

Additional Director

Address :

31/1, Bhagirathi Ammal Street, T. Nagar, Chennai-600017, Tamilnadu, India

Date of Birth/Age :

06.05.1981

Date of Appointment :

24.05.2016

PAN No.:

AGQPB0336C

Passport No.:

M1931581

DIN No.:

00272372

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U67120KA1991PTC059126	VISTAAR FINANCIAL SERVICES PRIVATE LIMITED	02/08/2012	-
U72200KA2007PTC042493	VER SE INNOVATION PRIVATE LIMITED	30/09/2013	-
U72900DL2008PTC176763	ASPIRING MINDS ASSESSMENT PRIVATE LIMITED	30/11/2016	-
U51909DL2011PTC218346	BRIGHT LIFECARE PRIVATE LIMITED	29/10/2012	-

Name :

Mr. Shailesh Lakhani

Designation :

Additional Director

Address :

5685, Brightpool CR Mississauga Ontario L5M3W4 Canada

Date of Birth/Age :

16.09.1978

Date of Appointment :

24.05.2016

PAN No.:

ADGPL7017B

Passport No.:

GG988070

DIN No.:

03567739

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U72900DL2016PTC303569	BT TECHLABS PRIVATE LIMITED	23/10/2017	-
U72200KL2014PTC037700	BACKWATER TECHNOLOGIES PRIVATE LIMITED	31/12/2015	-
U72900PN2014PTC153050	THUMBWORKS TECHNOLOGIES PRIVATE LIMITED	29/05/2015	-
U74999MH2014PTC306120	RESFEBER LABS PRIVATE LIMITED	02/02/2018	-
U72400KA2013PTC072054	MOONFROG LABS PRIVATE LIMITED	19/03/2015	-
U72200KA2013PTC068853	VYMO SOLUTIONS PRIVATE LIMITED	10/11/2016	-
U51909DL2011PTC218346	BRIGHT LIFECARE PRIVATE LIMITED	11/02/2012	-
U65999KA2000PTC033945	SEQUOIA CAPITAL INDIA ADVISORS PRIVATE LIMITED	29/09/2015	-
U67190TN2008PTC066350	A&A DUKAAN FINANCIAL SERVICES PRIVATE LIMITED	08/02/2018	-
U72200RJ2006PTC023499	GIRNAR SOFTWARE PRIVATE LIMITED	30/11/2013	-
U72300HR2006PTC071540	LE TRAVENUES TECHNOLOGY PRIVATE LIMITED	28/10/2016	-
L72200MH1995PLC091408	QUICK HEAL TECHNOLOGIES LIMITED	04/09/2015	-

Name :

Mr. Matthew John Kinsella

Designation :

Nominee Director

Address :

2754 Baker Street San Francisco CA 94123 United States

Date of Appointment :

25.05.2016

DIN No.:

07113546

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U72200MH2007PTC173865	VSERV DIGITAL SERVICES PRIVATE LIMITED	18/03/2015	-

KEY EXECUTIVES

Name :		Mr. Vandana Mehrotra
Designation :		Company Secretary
Address :		6, Patel Nagar, Alam Bagh, Lucknow-226005, Uttar Pradesh, India
Date of Appointment :		14.03.2016
PAN No.:		AWWPM7591E
Name :	Mr. Bharat Singh
Designation :	Office Executive

MAJOR SHAREHOLDERS

AS ON 31.03.2017

SHAREHOLDING DETAIL FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

AS ON 23.08.2017

Category	Percentage
Public/Other than promoters- Individual/Hindu Undivided Family- Indian	20.49
Public/Other than promoters - Body corporate	14.32
Public/Other than promoters- Others	65.19
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of providing technology enabled healthcare services such as health information services and lead generation for healthcare services. [Registered Activity]

Products / Services :

Name and Description of main products / services	NIC Code of the Product/service
Other information service activities: Facilitation fees generated from the following business heads: E-pharma Diagnostics	J63-63999

Brand Names :

"1mg"

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 :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

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

No. of Employees :

Information denied by the management

Bankers :

Banker Name :	Not Divulged
Branch :	Not Divulged
Person Name (With Designation) :	--
Contact Number :	--
Name of Account Holder :	--
Account Number :	--
Account Since (Date/Year of Account Opening) :	--
Average Balance Maintained :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

Auditors :
Name :	S.R. Batliboi and Associates LLP Chartered Accountants
Address :	Golf View Corporate Tower - B, Sector 42, Sector Road, Gurugram, Haryana, India
PAN N Income-tax PAN of auditor or auditor's firm :	ACHFS9118A
Memberships :	Not Available
Collaborators :	Not Available
Holding Company (Prior to demerger order):	Bright Life Care Private Limited, India [U51909DL2011PTC218346]
Fellow Subsidiary:	Bright Nutricare Private Limited, India [U74140DL2015PTC279315]
Enterprise owned or significantly influenced by KMP:	Prime Healthchakra Private limited, India [U72200DL2010PTC199435] LFS Healthcare Private Limited, India [U85100HR2015PTC057368] Airveda Technologies Private Limited, India [U29268DL2016PTC290316]

CAPITAL STRUCTURE

AFTER 23.08.2017

Authorised Capital : INR 338.831 Million

Issued Subscribed & Paid-up Capital : INR 46.002 Million

AS ON 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
262159842	Equity Shares	INR 1/- each	INR 262.159 Million
37988200	Preference shares 1	INR 1/- each	INR 37.988 Million
53058	Preference shares 2	INR 715.97/- each	INR 37.988 Million
69550	Preference shares 3	INR 1/- each	INR 0.696 Million
	Total		INR 338.831 Million

Issued Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
48583	Equity Shares	INR 1/- each	INR 0.049 Million
53058	Preference shares 2	INR 715.97/- each	INR 37.988 Million
69550	Preference shares 3	INR 1/- each	INR 0.695 Million
122608
	Total		INR 38.732 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET (STANDALONE)

SOURCES OF FUNDS	31.03.2017	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	38.732	300.135
(b) Reserves and Surplus	489.151	(287.679)
(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)	527.883	12.456
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long-term liabilities	1.669	0.582
(d) long-term provisions	4.852	2.534
Total Non-current Liabilities (3)	6.521	3.116
(4) Current Liabilities
(a) Short-term borrowings	0.000	0.000
(b) Trade payables	8.248	9.078
(c) Other current liabilities	39.786	174.203
(d) Short-term provisions	5.198	5.826
Total Current Liabilities (4)	53.232	189.107
TOTAL	587.636	204.679
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	26.571	14.314
(ii) Intangible Assets	16.513	1.912
(iii) Tangible assets capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	16.580	8.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term loans and advances	6.949	2.875
(e) Other Non-current assets	1.203	2.059
Total Non-Current Assets	67.816	29.160
(2) Current assets
(a) Current investments	458.698	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	1.221	0.000
(d) Cash and bank balances	23.574	164.282
(e) Short-term loans and advances	31.189	10.619
(f) Other current assets	5.138	0.618
Total Current Assets	519.820	175.519
TOTAL	587.636	204.679

PROFIT & LOSS ACCOUNT (STANDALONE)

	PARTICULARS	31.03.2017	31.03.2016
	SALES
	Income	93.716	19.319
	Other Income	29.689	14.613
	TOTAL	123.405	33.932
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000
	Employee benefit expense	294.545	164.674
	Other expenses	394.198	161.673
	Exceptional items	0.941	0.000
	TOTAL	689.684	326.347
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(566.279)	(292.415)
Less	FINANCIAL EXPENSES	0.137	0.046
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(566.416)	(292.461)
Less/ Add	DEPRECIATION/ AMORTISATION	14.100	5.170
	PROFIT/ (LOSS) BEFORE TAX	(580.516)	(297.631)
Less	TAX	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(580.516)	(297.631)
	Earnings / (Loss) Per Share (INR)	(3391.06)	(0.99)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016
Current Maturities of Long term debt	NA	NA
Cash generated from operations	NA	NA
Net cash flows from (used in) operations	(693.287)	(124.615)
Net cash flows from (used in) operating activities	(693.482)	(126.077)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016
Average Collection Days (Sundry Debtors / Income * 365 Days)	4.76	0.00
Account Receivables Turnover (Income / Sundry Debtors)	76.75	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	0.00	0.00
Inventory Turnover (Operating Income / Inventories)	0.00	0.00
Asset Turnover (Operating Income / Net Fixed Assets)	(13.14)	(18.02)

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.09	0.92
Debt Equity Ratio (Total Liability / Networth)	0.00	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.10	15.18
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.08	1.30
Interest Coverage Ratio (PBIT / Financial Charges)	(4133.42)	(6356.85)

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016
Net Profit Margin ((PAT / Sales) * 100)	%	(619.44)	(1540.61)
Return on Total Assets ((PAT / Total Assets) * 100)	%	(98.79)	(145.41)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(109.97)	(2389.46)

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016
Current Ratio (Current Assets / Current Liabilities)	9.77	0.93
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	9.77	0.93
G-Score Ratio Financial (Networth / Total Assets)	0.90	0.06
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	9.77	0.93

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)
Share Capital	300.135	38.732
Reserves & Surplus	(287.679)	489.151
Money received against share warrants	0.000	0.000
Share Application money pending allotment	0.000	0.000
Net worth	12.456	527.883
Long-term borrowings	0.000	0.000
Short term borrowings	0.000	0.000
Total borrowings	0.000	0.000
Debt/Equity ratio	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)
Sales	19.319	93.716
		385.098

NET PROFIT MARGIN

Net Profit Margin	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)
Sales	19.319	93.716
Profit/ (Loss)	(297.631)	(580.516)
	(1540.61 %)	(619.44 %)

ABRIDGED BALANCE SHEET (CONSOLIDATED)

SOURCES OF FUNDS	31.03.2017	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	38.732	300.135
(b) Reserves and Surplus	489.151	(287.679)
(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)	527.883	12.456
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long-term liabilities	1.669	0.582
(d) long-term provisions	4.852	2.534
Total Non-current Liabilities (3)	6.521	3.116
(4) Current Liabilities
(a) Short-term borrowings	0.000	0.000
(b) Trade payables	8.248	9.078
(c) Other current liabilities	39.786	174.203
(d) Short-term provisions	5.198	5.826
Total Current Liabilities (4)	53.232	189.107
TOTAL	587.636	204.679
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	26.571	14.314
(ii) Intangible Assets	16.513	1.912
(iii) Tangible assets capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	16.580	8.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term loans and advances	6.949	2.875
(e) Other Non-current assets	1.203	2.059
Total Non-Current Assets	67.816	29.160
(2) Current assets
(a) Current investments	458.698	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	1.221	0.000
(d) Cash and bank balances	23.574	164.282
(e) Short-term loans and advances	31.189	10.619
(f) Other current assets	5.138	0.618
Total Current Assets	519.820	175.519
TOTAL	587.636	204.679

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

	PARTICULARS	31.03.2017	31.03.2016
	SALES
	Income	93.716	19.319
	Other Income	29.689	14.613
	TOTAL	123.405	33.932
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000
	Employee benefit expense	294.545	164.674
	Other expenses	394.198	161.673
	Exceptional items	0.941	0.000
	TOTAL	689.684	326.347
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(566.279)	(292.415)
Less	FINANCIAL EXPENSES	0.137	0.046
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(566.416)	(292.461)
Less/ Add	DEPRECIATION/ AMORTISATION	14.100	5.170
	PROFIT/ (LOSS) BEFORE TAX	(580.516)	(297.631)
Less	TAX	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(580.516)	(297.631)
	Earnings / (Loss) Per Share (INR)	(3391.06)	(0.99)

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	Yes
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	No
20	Banking Details	No
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 two 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 CHARGE: No Charges Exists for Company

NOTE:As confirmed by the management registered office of the company has been shifted from E - 1, Bandhu Vihar Apartments, Dwarka, Sector-10, New Delhi - 110075 to the present address

CORPORATE INFORMATION

Subject was incorporated on April 20, 2015 as a Private Limited Company under Companies Act 2013, in India. The Company owns and operates under the brand name "1mg", which is a hyper-local market place that aims at connecting local buyers and local sellers by enabling discovery of local merchants, product, inventory and pricing information. The Company is an "Intermediary" in accordance with the meaning of "Intermediary" envisaged under Section 2(w) of the Information Technology Act, 2000, as amended from time to time.

BRIEF OF BUSINESS

The Company was incorporated on April 20, 2015 as a private limited company under Companies Act 2013, in India. The Company owns and operates under the brand name "1MG", which is a hyper-local market place that aims at connecting local buyers and local sellers by enabling discovery of local merchants, product, inventory and pricing information. The Company is engaged in the business of providing technology enabled healthcare services such as health information services and lead generation for healthcare services.

The Company operates under the following major three business vertical heads:

Pharmaceuticals (www.1mg.com)

Labs ( www.1mglabs.com )

Doctors ( www.1mgdoctors.com )

FIXED ASSETS:

Tangible assets

• Furniture and fixtures
• Office equipment
• Computer equipments
• Leasehold improvements

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 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	INR
US Dollar	1	INR 64.93
UK Pound	1	INR 91.50
Euro	1	INR 79.69

INFORMATION DETAILS

Information Gathered by :	SHW
Analysis Done by :	NIS
Report Prepared by :	KVT

SCORE FACTORS

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

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.