MIRA INFORM REPORT

Report No. :	488653
Report Date :	29.01.2018

IDENTIFICATION DETAILS

Name :	PRECIMETRIX TECHNOLOGIES PRIVATE LIMITED
Registered Office :	Survey No. 103/2/14, Office No. B-406, 4^th Floor, "Teerth Technospace IT Park", Opposite Raj Hotel, Off. NH-4, Baner, Pune - 411045, Maharashtra
Tel. No.:	91-20-66143400/ 65296369
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	16.11.2015
Com. Reg. No.:	11-157228
Capital Investment / Paid-up Capital :	INR 0.100 Million
CIN No.: [Company Identification No.]	U72900PN2015PTC157228
IEC No.:	Not Divulged
GSTIN:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAICP3527E
Legal Form :	Private Limited Liability Company
Line of Business :	To build innovative solutions for the manufacturing sector by leveraging Internet of Things, Big Data and Cloud platforms. (Registered Activity)
No. of Employees :	Not Divulged

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company incorporated in November 2015 having moderate track record. Management of the company has not filed its financials with the government department for the year 2017. Ms. Poonam Pawar (Designation not divulged) denied to part any information about the company. As per available financials of 2016, the company has not undertaken any business activity and has reported some pre-operative expense. Rating takes into consideration erosion of entire net worth of the company. Payments are unknown. In view of the aforesaid, the company can be considered for business dealings on safe and secured 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 (30.06.2017)	Current Rating (30.09.2017)
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 31-03-2016.

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 29.01.2018

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 :	Ms. Poonam Pawar
Designation :	Not Divulged
Contact No.:	91-20-66143400
Date :	29.01.2018

LOCATIONS

Registered Office :	Survey No. 103/2/14, Office No. B-406, 4^th Floor, "Teerth Technospace IT Park", Opposite Raj Hotel, Off. NH-4, Baner, Pune - 411045, Maharashtra, India
Tel. No.:	91-20-66143400/ 65296369
Fax No.:	91-20-66143500
E-Mail :	sales@precimetrix.com satishpatil@cdin.in
Website :	http://www.precimetrix.com
Corporate Office :	Plot No. 34/2, Rajiv Gandhi Infotech Park, Phase 1, Hinjawadi, Pune – 411057, Maharashtra, India

DIRECTORS

As on 31.03.2017

Name :

Mr. Satish Jaykumar Patil

Designation :

Director

Address :

402, A-2 Building, Nandanvan Pimple-Nilakh, Near Jagtap Dairy, Pune – 411027, Maharashtra

Date of Birth/Age :

13.05.1971

Date of Appointment :

16.11.2015

DIN No:

05291298

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74900PN2012PTC144316	MAESTROTEK INNOVATIONS PRIVATE LIMITED	11/06/2014	-
U72900PN2014PTC150260	CDIN SOFTWARE PRIVATE LIMITED	20/01/2014	-
U74900PN2015PTC155692	BEIJER ELECTRONICS TECHNOLOGIES PRIVATE LIMITED	06/07/2015	-

Name :

Mr. Prasad Gopal Khadilkar

Designation :

Director

Address :

Flat No.4, Ankur Apartment Plot No.163, S.No.78, Bhusari Colony, Paud Road, Pune – 411029, Maharashtra, India

Date of Birth/Age :

12.05.1975

Date of Appointment :

16.11.2015

DIN No:

05291305

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74900PN2012PTC144316	MAESTROTEK INNOVATIONS PRIVATE LIMITED	07/08/2012	-
U72900PN2014PTC150260	CDIN SOFTWARE PRIVATE LIMITED	20/01/2014	-
U74900PN2015PTC155692	BEIJER ELECTRONICS TECHNOLOGIES PRIVATE LIMITED	06/07/2015	-

Name :

Mr. Subramhanya Sudhakar Hathwar

Designation :

Director

Address :

Riviera Tower CHS Limited, Flat No B-1007/8, Lokhandwala Township, Akurli Road, Kandivali (East), Mumbai – 40010, Maharashtra, India

Date of Birth/Age :

27.12.1974

Date of Appointment :

16.11.2015

DIN No:

07086286

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74140PN2003PTC018387	WEBSYM SOLUTIONS PRIVATE LIMITED	21/09/2015	-

Name :

Mr. Ashish Nene

Designation :

Director

Address :

Flat No 301, 3rd Floor, Wing-B, Tiara, Sr. 13/1/10, Pashanwadi, Pashan, Pune-411008, Maharashtra, India

Date of Birth/Age :

25.10.1973

Date of Appointment :

16.11.2015

DIN No:

07086280

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74140PN2003PTC018387	WEBSYM SOLUTIONS PRIVATE LIMITED	21/09/2015	-

MAJOR SHAREHOLDERS

As on 31.03.2016

Names of Shareholders	No. of Shares	% of Holding
Maestrotek Innovations Private Limited, India	500	50.00
Websym Solutions Private Limited, India	500	50.00
Total	1000	100.00

LIST OF ALLOTTEES

As on: 15.03.2017

Names of Allottee	No. of Shares
Maestrotek Innovations Private Limited, India	5500
Websym Solutions Private Limited, India	5500
Total	11000

Equity Share Break up (Percentage of Total Equity)

As on: 31.12.2016

Category	Percentage
Promoters (Body corporate)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

To build innovative solutions for the manufacturing sector by leveraging Internet of Things, Big Data and Cloud platforms. (Registered Activity)

Products / Services :

Item Code No.	Products/Services Description
72909	computer related activities, n.e.c.

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 :	--
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 :

Not Divulged

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 :	Natu and Pathak Chartered Accountants
Address :	401-402, Utkarsha Apartment, Bhakti Marg, Law College Road, Pune – 411004, Maharashtra, India
Tel. No.:	91-20-25458074/25458075
Email:	shreedhar@natupathak.com
Income-tax PAN of auditor or auditor's firm :	AABFN5816E
Memberships No:	041994
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

As on: 31.03.2017

Authorised Capital:

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

Issued, Subscribed & Paid-up Capital :

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

After: 31.12.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
16000	Equity Shares	INR 100/- each	INR 1.600 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12000	Equity Shares	INR 100/- each	INR 1.200 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100
(b) Reserves & Surplus	(0.113)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	(0.013)
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.134
(c) Other current liabilities	0.012
(d) Short-term provisions	0.000
Total Current Liabilities (4)	0.146
TOTAL	0.133
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.008
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.025
Total Non-Current Assets	0.033
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.100
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	0.100
TOTAL	0.133

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016
	SALES
	Income	0.000
	Other Income	0.000
	TOTAL	0.000
Less	EXPENSES
	Other expenses	0.120
	TOTAL	0.120
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(0.120)
Less	FINANCIAL EXPENSES	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(0.120)
Less/ Add	DEPRECIATION/ AMORTISATION	0.000
	PROFIT/ (LOSS) BEFORE TAX	(0.120)
Less	TAX	(0.007)
	PROFIT/ (LOSS) AFTER TAX	(0.113)
	Earnings / (Loss) Per Share (INR)	(113.00)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016
Current Maturities of Long term debt	NA
Cash generated from operations	NA
Net cash flows from (used in) operations	NA
Net cash flows from (used in) operating activity	NA

KEY RATIOS

LEVERAGE RATIOS

PARTICULARS	31.03.2016
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	1.10
Debt Equity Ratio (Total Liability / Networth)	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	(11.23)
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00
Interest Coverage Ratio (PBIT / Financial Charges)	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2016
Net Profit Margin ((PAT / Sales) * 100)	%	0.00
Return on Total Assets ((PAT / Total Assets) * 100)	%	(84.96)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	869.23

SOLVENCY RATIOS

PARTICULARS	31.03.2016
Current Ratio (Current Assets / Current Liabilities)	0.68
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.68
G-Score Ratio Financial (Networth / Total Assets)	(0.10)
G-Score Ratio Debt (Debts / Equity Capital)	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.68

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 -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	No
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	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	No
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last 5 Months	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last 5 Months	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	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY

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 63.55
UK Pound	1	INR 89.82
Euro	1	INR 78.87

INFORMATION DETAILS

Information Gathered by :	PJA
Analysis Done by :	DIV
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.