MIRA INFORM REPORT

Report No. :	503573
Report Date :	14.04.2018

IDENTIFICATION DETAILS

Name :	SKYLINE IT NETWORKS INCORPORATED
Registered Office :	Park View, Flat No B-1A, 140/15, NSC Bose Road, Netaji Nagar, Kolkata-700040, West Bengal
Tel. No.:	91-33-24816976
Country :	India
Financials (as on) :	31.03.2017
Year of Establishment :	July 2006
Capital Investment / Paid-up Capital :	INR 7.640 million
IEC No.: [Import-Export Code No.]	Not Divulged
TIN No.:	19626661065
GSTN : [Goods & Service Tax Registration No.]	19AJKPK6990L1ZB
PAN No.: [Permanent Account No.]	AJKPK6990L
ISO:	9001:2000
Legal Form :	Sole Proprietary Concern
Line of Business :	Providing end to end Solutions for Different Wan, Lan Application for top Corporate and ISP and other value Customers. (From Indirect Sources)
No. of Employees :	05 (Approximately) (As per site visit)

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Maximum Credit Limit :	USD 22000 (In INR 1434523.20)
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear

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

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 31-03-2018.

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 14.04.2018

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. Avik Konar
Designation :	Proprietor
Contact No.:	91-9831499757
Date :	11.04.2018

91-33-24816976 (Number is Continuously Ringing)

LOCATIONS

Registered Office :	Park View, Flat No B-1A, 140/15, NSC Bose Road, Netaji Nagar, Kolkata-700040, West Bengal, India
Tel. No.:	91-33-24816976
Mobile No.:	91-9831499757 (Mr. Avik)
Fax No.:	91-33-24816976
E-Mail :	avik@skylineit.in skylinenet@rediffmail.com
Website :	http://www.skylineit.in
Area:	300 Sq. ft. (As per site visit)
Locality:	Residential (As per site visit)

SOLE PROPRIETOR

Name :	Mr. Avik Konar
Designation :	Proprietor

BUSINESS DETAILS

Line of Business :	Providing end to end Solutions for Different Wan, Lan Application for top Corporate and ISP and other value Customers. (From Indirect Sources)
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash and Cheque
Purchasing :	Cash and Cheque

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 :

05 (Approximately) (As per site visit)

Bankers :

Banker Name :	United Bank of India
Branch :	--
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 :	--

• Yes Bank
• HDFC Bank Limited

Auditors :
Name :	Mitra Mallick and Associates Chartered Accountants
Collaborators :	Not Available
Membership :	Not Available
Sister Concern :	--

CAPITAL STRUCTURE

AS ON: 31.03.2017

Capital Investment :
Owned :	INR 7.640 million
Borrowed :	--
Total :	INR 7.640 million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017
EQUITY AND LIABILITIES
1] Proprietor Capital		7.640
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		7.640
LOAN FUNDS
1] Secured Loans		0.033
2] Unsecured Loans		0.871
TOTAL BORROWING		0.904
DEFERRED TAX LIABILITIES		0.000
TOTAL		8.544
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.165
Capital work-in-progress		0.000
INVESTMENT		0.236
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.137
	Sundry Debtors	6.660
	Cash & Bank Balances	0.655
	Other Current Assets	0.473
	Loans & Advances	0.000
Total Current Assets		8.925
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.615
	Other Current Liabilities	0.167
	Provisions	0.000
Total Current Liabilities		1.782
Net Current Assets		7.143
MISCELLANEOUS EXPENSES		0.000
TOTAL		8.544

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017
	SALES
	Income	27.912
	Other Income	0.947
	TOTAL	28.859
Less	EXPENSES
	Cost of Materials Consumed	21.329
	Labour Charges	0.591
	Freight and Delivery Charges	0.237
	Professional Tax	0.003
	Legal and Consultancy Charges	0.047
	Conveyance Charges	0.039
	Telephone Charges	0.136
	Assessement Dues for VAT and CST	0.031
	Printing and Stationery	0.017
	Salary and Allowance	0.617
	Bonus to Staff	0.042
	Travelling and Conveyance	0.375
	Service Tax Paid and Payable	0.055
	General Charges	0.042
	Office Rent	0.360
	Office Maintained	0.023
	Accounting Charge	0.024
	W.B. Sales Tax	1.048
	Business and Sales Promotion	0.224
	Advertisement	0.001
	Service and Maintained Charges	0.023
	Central Sales Tax Paid	0.088
	Car Insurance	0.006
	Car Running Expenses	0.210
	Road Tax for Car	0.006
	Repairs and Maintained	0.025
	SBC and KKC Paid	0.004
	Commission on Sales	0.659
	Staff Welfare	0.028
	Audit Fees	0.030
	Viswakarma Puja Expenses	0.042
	Electricity Charges	0.035
	Trade License	0.002
	Discount Allowed	0.004
	TOTAL	26.403
	PROFIT/ (LOSS) BEFORE INTEREST AND DEPRECIATION	2.456
Less	FINANCIAL EXPENSES	0.038
	PROFIT / (LOSS) BEFORE DEPRECIATION	2.418
Less	DEPRECIATION	0.079
	NET PROFIT	2.339

Note: Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	87.09
Account Receivables Turnover (Income / Sundry Debtors)	4.19
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	27.64
Inventory Turnover (Operating Income / Inventories)	2.16
Asset Turnover (Operating Income / Net Fixed Assets)	2.11

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.26
Debt Equity Ratio (Total Liability / Networth)	0.12
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.35
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.15
Interest Coverage Ratio (PBIT / Financial Charges)	64.63

PROFITABILITY RATIOS

PARTICULARS		31.03.2017
Net Profit Margin ((PAT / Sales) * 100)	%	8.38
Return on Total Assets ((PAT / Total Assets) * 100)	%	22.65
Return on Investment (ROI) ((PAT / Networth) * 100)	%	30.62

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	3.36
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	2.94
G-Score Ratio Financial (Networth / Total Assets)	0.74
G-Score Ratio Debt (Debts / Equity Capital)	0.12
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	3.36

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

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 –Legal Form	Yes
3	Locality of the entity	Yes
4	Premises details	Yes
5	Buyer visit details	Yes
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	No
10	Date of Birth of Proprietor / Partners / Directors	No
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	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	No
26	Turnover of firm for last one year	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last one year	Yes
30	Major shareholders, if available	No
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

FIXED ASSETS:

• TV
• Furniture and Fixture
• Mobile Phone
• Office Room
• Computer Machine
• Water System
• Motor Car
• Electrical Fitting

OBSERVATION POINTS

Name of Company :	SKYLINE IT NETWORKS INCORPORATED
Address :	Park View, Flat No B-1A, 140/15, NSC Bose Road, Netaji Nagar, Kolkata-700040, West Bengal, India
Designation :	Office Executive (Name Not Divulged)
Name Board :	Sighted
Location:	Easy
Landmark :	Opposite Surender Sweet
Total Floors of the building:	Ground Floor + 3 Floor
Subject situated on:	Ground Floor
Locality:	Residential
Area of premises :	300 Sq. ft.
Area :	Downmarket
No. of employees seen at premises:	05
Visibility of Items:	Telephone Fax Machine Computers Air Conditioner Office Equipment
Proof of visit:	Photograph

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 records 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 65.22
UK Pound	1	INR 92.77
Euro	1	INR 80.34

INFORMATION DETAILS

Information Gathered by :	SPY
Analysis Done by :	VRS
Report Prepared by :	MTN

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	NO
--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.