MIRA INFORM REPORT

Report No. :	495029
Report Date :	01.03.2018

IDENTIFICATION DETAILS

Name :	LOCUZ ENTERPRISE SOLUTIONS LIMITED [w.e.f. 03.07.2000]
Formerly known as:	LOCUS ENTERPRISE SOLUTIONS LIMITED
Registered Office :	4^th Floor, # 401 Krishe Sapphire, Main Road, Madhapur, Hyderabad – 500081, Telangana
Tel. No.:	91-40-45004600
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	19.11.1999
Com. Reg. No.:	36-032881
Capital Investment / Paid-up Capital :	INR 10.000 Million
CIN No.: [Company Identification No.]	U72200TG1999PLC032881
IEC No.: [Import-Export Code No.]	0902011324
GSTN : [Goods & Service Tax Registration No.]	36AAACL6270A1ZW
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACL6270A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Providing IT Infrastructure Services. [Registered activity and also confirmed by management]
No. of Employees :	350 (Approximately)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1999. It is engaged in providing I.T. Infrastructure services. For the financial year 2017, the company has reported dip in its revenue by 21.81% as compared to the previous year along with operational loss. The satisfactory financial risk profile of the company is marked by sufficient net worth base along with negligible debt balance sheet profile. Furthermore, subject’s supplier (Ingram Micro) provided positive feedback about the subject and claimed that they are satisfied with subject’s payment behaviour. Payment seems to be usually 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

Rating Agency Name	CARE
Rating	Long Term Borrowing = BB-
Rating Explanation	Moderate risk of default
Date	28.03.2017

Rating Agency Name	CARE
Rating	Short Term Borrowing = A4
Rating Explanation	Minimal degree of safety and very high credit risk
Date	28.03.2017

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 01.03.2018.

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 PARTED BY

Name :	Mr. Punit Chandwadkar
Designation :	Business Manager
Contact No.:	91-9371777539
Date :	28.02.2018

LOCATIONS

Registered Office/ Corporate Headquarters :	4^th Floor, # 401 Krishe Sapphire, Main Road, Madhapur, Hyderabad – 500081, Telangana, India
Tel. No.:	91-40-45004600
Mobile No.:	91-9371777539 [Mr. Punit Chandwadkar]
Fax No.:	91-40-45004601
E-Mail :	compliance@3i-infotech.com punit.c@locuz.com
Website :	www.locuz.com
Area :	5000 Sq. ft.
Location :	Rented
Locality :	Commercial
Corporate Office:	2^nd Floor, Alfa Centre No. 20, Venugopal Swamy Layout, Koramangal Inner Ring Road, Bangalore – 500097, Karnataka, India
Branch Office 1 :	3rd Floor, Building #6 B, 80 ft Road, 7th Block, (Adj to Sapna Book Store), Koramangala, Bangalore – 560095, Karnataka, India
Tel. No.:	91-80-40506800
Fax No.:	91-80-41314748
Branch Office 2 :	3rd Floor, Devi House, Plot # 37, CTS #1576, Besides Pride Hotel, Shivaji Nagar, Pune – 411 005, Maharashtra, India.
Tel. No.:	91-20-67261200
E-Mail :	punit.c@locuz.com
Area :	2000 Sq. Ft.
Location :	Rented
Branch Office 3 :	#603, 6th Floor, DLF Building, Tower-B, Jasola District Centre, New Delhi -110025, India
Tel. No.:	91-11-49789209
Branch Office 4 :	Prince Info City II, No: 283/4, Rajiv Gandhi Salai (OMR), Kandanchavadi, Chennai – 600 096, Tamilnadu, India.
Tel. No.:	91-44-66990485
Branch Office 5 :	# 401 & 402, A Wing, Kailas Business Park, Vikhroli (West), Mumbai – 400079, Maharashtra, India
Tel. No.:	91-22-60509555
International Office:	Singapore Branch, 1, North Bridge Road, #19-04/05 High Street Centre, Singapore – 179094.
Tel. No.:	0065-63372472
Fax No.:	0065-68370311

DIRECTORS

AS ON 31.03.2017

Name :

Mr. Vijay Kumar Wadhi

Designation :

Managing Director

Address :

Mansarover, No. 107 Villa Greens, Gandipet, Hyderabad- 500075, Telangana, India

Date of Birth/Age :

14.11.1960

Qualification:

MBA

Date of Appointment :

19.11.1999

PAN No.:

AABPW0939M

DIN No.:

00087657

Name :

Mr. Uttam Kumar Majumdar

Designation :

Whole Time Director

Address :

Villa No. 197, SA Palm, Meadows Kompally, Hyderabad – 500014, Telangana, India

Date of Birth/Age :

09.09.1973

Qualification:

B. Tech

Date of Appointment :

19.11.1999

DIN No.:

00087668

Name :

Mr. Arun Omkarlal Gupta

Designation :

Director

Address :

408, 4^th Floor, Sunset-1, Raheja Vihar, Powai, Mumbai – 400072, Maharashtra, India

Date of Appointment :

28.09.2016

DIN No.:

02226513

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74999PN2016PTC157768	FORTYTWO42 TECHNOLOGY INNOVATIONS PRIVATE LIMITED	01/01/2016	-

Name :

Mr. Ravi Shankar Kolathur

Designation :

Additional Director

Address :

22 Maithri Enclave, Yapral, Near Carnival Club, Sainikpuri, Hyderabad – 500094, Telangana, India 

Date of Appointment :

27.11.2017

DIN No.:

03595161

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U65910TG1999PLC031162	KRISHNA BHIMA SAMRUDDHI LOCAL AREA BANK LIMITED	07/08/2015	-
U65923TG2011PTC076921	R-CONSULTING NETWORK PRIVATE LIMITED	12/10/2011	-
U74990TG2014NPL096435	DLABS INCUBATOR ASSOCIATION	18/11/2014	-
U80901TG2012NPL078912	YOUTH 4 JOBS FOUNDATION	30/09/2015	-

Name :

Mr. Padmanabhan Nemmara Ranganathan Iyer

Designation :

Director

Address :

77C Sundram, Sindhi Immigrants Corporate Housing Society, Next To Swami Vivekananda Primary School , Chembur, Mumbai – 400071, Maharashtra, India

Date of Birth/Age :

28.10.1963

Qualification:

Graduate

Date of Appointment :

28.09.2012

DIN No.:

05282942

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
L67120MH1993PLC074411	3I INFOTECH LIMITED	18/05/2016	-
L67120MH1993PLC074411	3I INFOTECH LIMITED	11/08/2016	-
U72200TN2002PTC048799	PROFESSIONAL ACCESS SOFTWARE DEVELOPMENT PRIVATE LIMITED	18/09/2012	-
U74899DL1990PLC039478	3I INFOTECH BPO LIMITED	07/06/2016	-
U72900MH2007PLC176323	3I INFOTECH CONSULTANCY SERVICES LIMITED	14/09/2012	-
U74999MH2011FLC215259	IFRS CLOUD SOLUTIONS LIMITED	29/09/2015	-

Name :

Mrinal Manoj Ghosh

Designation :

Director

Address :

71 Acharya Nagar, Opposite Amar Cinema, W. T Patil Road, Deonar, Mumbai – 400088, Maharashtra, India

Date of Appointment :

22.09.2015

DIN No.:

07232477

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U72200TN2002PTC048799	PROFESSIONAL ACCESS SOFTWARE DEVELOPMENT PRIVATE LIMITED	28/09/2015	-
U72900MH2007PLC176323	3I INFOTECH CONSULTANCY SERVICES LIMITED	30/09/2016	-
U74999MH2011FLC215259	IFRS CLOUD SOLUTIONS LIMITED	30/09/2016	-

Name :

Mr. Sagar Bhalchandra Thakurdesai

Designation :

Director

Address :

5/88, Parleshwar Society, Shahajee Raje Marg, Vile Parle (East), Mumbai – 400057, Maharashtra, India

Date of Appointment :

02.09.2017

DIN No.:

07657954

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U72200TN2002PTC048799	PROFESSIONAL ACCESS SOFTWARE DEVELOPMENT PRIVATE LIMITED	04/09/2017	-
U74899DL1990PLC039478	3I INFOTECH BPO LIMITED	04/09/2017	-
U72900MH2007PLC176323	3I INFOTECH CONSULTANCY SERVICES LIMITED	05/09/2017	-
U74999MH2011FLC215259	IFRS CLOUD SOLUTIONS LIMITED	05/09/2017	-

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders	No. of Shares
Vijay Kumar Wadhi	93663
Uttam K. Majumdar	96230
3i Infotech Limited, India	740000
Poonam Wadhi	16442
Ramesh Chander Wadhi	5252
Gyan Kumari	9898
Deepak Majumdar	16375
Durganadh Kota Venkata	18200
Mohammed Arifuddin	1560
Asit Sahoo	1300
Aluri Rao & A Nivedita	40
Ravi Balakrishna Rajuladevi	1040
Total	1000000

AS ON 02.09.2017

Equity Share Break up	Percentage
Category
Promoters – [Individual/Hindu Undivided Family – Indian]	23.79
Promoters – [Bodies corporate]	74.00
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian]	2.21
Total	100.00

BUSINESS DETAILS

Line of Business :

Providing IT Infrastructure Services. [Registered activity and also confirmed by management]

Products / Services :

ITC Code	Product/ Services Description
99611841	IT Solutions
99611842	IT Services

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Product:

Computer Devices

Country:

• Singapore
• United States of America

Terms :

Selling :

NEFT/ RTGS

Purchasing :

NEFT/ RTGS

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

Reference :

Ingram Micro

Name of the Person :

Mr. Raj Gaurav (Country Manager)

Contact No.:

91-9818445788

Since How Long Known :

10 Years

Maximum Limit Dealt :

As per requirement

Experience :

Payment Behaviour	Market Goodwill	Overall
Good	Good	Good

Remark: As confirmed by Mr. Raj Gaurav (Country Manager) that they are satisfied with the subject company’s transactions.

Customers :

Corporate Companies and Government Institute

Reference :	Arnament and Research Development Establishment (DRDO) Pune
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark :	--

No. of Employees :

350 (Approximately)

Bankers :

Bank Name	IDBI Bank Limited
Branch	BKC Mumbai, Maharashtra, India
Person Name (With Designation)	Shilpa
Contact Number	91-22-67587593/ 9920360101 [Not Responding]
Name of Account Holder	Locuz Enterprise Solutions Limited
Account Number	004655100001380 [Not confirmed with Banker]
Account Since (Date/Year of Account Opening)	More than 10 Years [Not confirmed with bank]
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	Cash Credit [Not confirmed with Banker]
Account Operation	--
Remarks (If any)	--

Auditors :
Name :	Lodha and Company Chartered Accountants
Address :	6, Karim Chambers, Mumbai, Maharashtra, India
Membership No.:	044101
PAN No.:	AABFL1894Q
Memberships :	Not Available
Collaborators :	Not Available
Holding Company:	3i Infotech Limited, India [CIN No.: L67120MH1993PLC074411]
Fellow Subsidiary Company: [As on 31.03.2016]	3i Infotech (Middle East) FZ LLC, United Arab Emirates Locuz Inc., USA, United States

CAPITAL STRUCTURE

AS ON 02.09.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	INR 10/- each	INR 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	INR 10/- each	INR 10.000 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	10.000	10.000	10.000
(b) Reserves & Surplus	90.921	113.204	230.077
(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)	100.921	123.204	240.077
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	11.798	35.271
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	20.096	26.781	0.000
(d) long-term provisions	20.852	31.197	0.000
Total Non-current Liabilities (3)	40.948	69.776	35.271
(4) Current Liabilities
(a) Short term borrowings	76.138	77.953	62.089
(b) Trade payables	354.891	236.914	557.181
(c) Other current liabilities	109.998	124.591	33.487
(d) Short-term provisions	11.598	8.905	7.242
Total Current Liabilities (4)	552.625	448.363	659.999
TOTAL	694.494	641.343	935.347
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	8.627	10.950	18.399
(ii) Intangible Assets	1.775	3.467	3.082
(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	0.067	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	4.583
(d) Long-term Loan and Advances	0.000	0.000	23.774
(e) Other Non-current assets	49.291	78.849	113.358
Total Non-Current Assets	59.760	93.266	163.196
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	9.183	8.204	14.355
(c) Trade receivables	429.633	326.424	686.517
(d) Cash and cash equivalents	13.508	40.679	12.505
(e) Short-term loans and advances	0.017	0.227	21.777
(f) Other current assets	182.393	172.543	36.997
Total Current Assets	634.734	548.077	772.151
TOTAL	694.494	641.343	935.347

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	1024.760	1310.652	2004.016
	Other Income	11.688	13.611	5.704
	TOTAL	1036.448	1324.263	2009.720
Less	EXPENSES
	Purchases of Stock-in-Trade and Cost of Revenue	852.558	1147.053	1749.591
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(0.980)	6.152	(0.765)
	Employees benefits expense	111.543	124.827	111.200
	Other expenses	66.262	78.384	57.555
	Exceptional Items	0.000	24.022	0.000
	TOTAL	1029.383	1380.438	1917.581
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	7.065	(56.175)	92.139
Less	FINANCIAL EXPENSES	32.592	36.415	24.344
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(25.527)	(92.590)	67.795
Less	DEPRECIATION/ AMORTISATION	6.995	8.202	53.227
	PROFIT/ (LOSS) BEFORE TAX	(32.522)	(100.792)	14.568
Less	TAX	(2.446)	22.344	6.137
	PROFIT/ (LOSS) AFTER TAX	(30.076)	(123.136)	8.431
	EARNINGS IN FOREIGN CURRENCY
	Target Discount	9.792	36.201	NA
	TOTAL EARNINGS	9.792	36.201	NA
	CIF Value of Imports	45.186	99.619	45.245
	Earnings / (Loss) Per Share (INR)	(27.38)	(128.73)	8.43

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	22.544	19.787
Cash generated from operations	(2.099)	44.736	15.454
Net cash inflow from operating activities	(2.099)	44.736	15.454

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days [Sundry Debtors / Income * 365]	153.03	90.90	125.04
Account Receivables Turnover [Income / Sunday Debtors]	2.39	4.02	2.92
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	151.94	75.39	116.24
Inventory Turnover (Operating Income / Inventories)	0.77	(6.85)	6.42
Asset Turnover (Operating Income / Net Fixed Assets)	0.68	(3.90)	4.29

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.80	0.75	0.76
Debt Equity Ratio (Total Liability / Networth)	0.75	0.91	0.49
Current Liabilities to Networth (Current Liabilities / Net Worth)	5.48	3.64	2.75
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.10	0.12	0.09
Interest Coverage Ratio (PBIT / Financial Charges)	0.22	(1.54)	3.78

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
PAT to Sales ((PAT / Sales) * 100)	%	(2.93)	(9.40)	0.42
Return on Total Assets ((PAT / Total Assets) * 100)	%	(4.33)	(19.20)	0.90
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(29.80)	(99.94)	3.51

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.15	1.22	1.17
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.13	1.20	1.15
G-Score Ratio Financial (Networth / Total Assets)	0.15	0.19	0.26
G-Score Ratio Debt (Debts / Equity Capital)	7.61	11.23	11.71
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.15	1.22	1.17

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	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Share Capital	10.000	10.000	10.000
Reserves & Surplus	230.077	113.204	90.921
Net worth	240.077	123.204	100.921
Long Term borrowings	35.271	11.798	0.000
Short Term borrowings	62.089	77.953	76.138
Total borrowings	97.360	89.751	76.138
Debt/Equity ratio	0.406	0.728	0.754

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	2004.016	1310.652	1024.760
		(34.599)	(21.813)

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	2004.016	1310.652	1024.760
Profit/ (Loss)	8.431	(123.136)	(30.076)
	0.42%	(9.40%)	(2.93%)

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	Yes
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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
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	Yes
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

Note: The registered address of the company has been shifted from “MCH No.4-1-938/31-35 (New # 3), 3^rd Floor,

Sudha House, Tilak Road, Abids, Hyderabad –500001, Hyderabad, India” to the present registered address w.e.f. 01.04.2014.

OVERVIEW OF THE COMPANY [As On 31.03.2016]

Subject was incorporated in the year 1999 and has over the last 14 years provided focused IT Infrastructure Services across the geography of India, with its Headquarter at Hyderabad and having branches at Bangalore, Pune, Delhi, Chennai and Singapore. Addressing the various IT Infrastructure needs in verticals like Education and Research, Defense, IT / ITES, Corporates in India, Locuz has emerged as a successful and profitable business operation owing to their niche specialization in certain areas of operation. What differentiates Locuz in the industry is its sole focus on Technology Infrastructure applied to select client industries where it provides end-to-end services capability (Plan, Acquire, Deploy, Maintain and Retire).

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	C46399325	10170062	IDBI BANK LIMITED	17/07/2009	29/12/2014	-	340000000.0	IDBI TOWER, WTC COMPLEX, CUFFE PARADE, MUMBAI – 400005, MAHARASHTRA, INDIA
2	B40299612	10103159	SBI FACTORS AND COMMERCIAL SERVICES PRIVATE LIMITED	21/04/2008	-	16/05/2012	25000000.0	205B, 2ND FLOOR, MINERVA COMPLEX, SD ROAD, SECUNDERABAD – 500003, TELANGANA, INDIA
3	B06751465	10041454	STATE BANK OF INDIA	01/03/2007	04/08/2008	14/02/2011	49961000.0	OLD MLA QUARTERS-1880, HYDERABAD - 500029, TELANGANA, INDIA
4	A12581716	90133002	THE SOUTH INDIAN BANK LIMITED	30/03/2002	-	23/03/2007	4500000.0	TILAK ROAD, HYDERABAD, TELANGANA, INDIA
5	A12577359	90133290	THE SOUTH INDIAN BANK LIMITED	23/08/2005	-	23/03/2007	16520000.0	TILAK ROAD, HYDERABAD – 500001, TELANGANA, INDIA
6	A12582292	90132947	THE SOUTH INDIAN BANK LIMITED	04/08/2001	-	23/03/2007	4000000.0	TILAK ROAD, HYDERABAD, TELANGANA, INDIA
7	A12580767	90133127	THE SOUTH INDIAN BANK LIMITED	29/08/2003	-	23/03/2007	4640000.0	TILAK ROAD, HYDERABAD – 500001, TELANGANA, INDIA

CONTINGENT LIABILITIES:

(INR in million)

PARTICULARS	31.03.2017	31.03.2016
Other money for which company is contingently liable	NA	6.900

FIXED ASSETS:

Tangible Assets

· Furniture and Fixture

· Computer Equipment

· Office Equipment

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 65.10
UK Pound	1	INR 79.59
Euro	1	INR 90.45

INFORMATION DETAILS

Information Gathered by :	KAM
Analysis Done by :	PRI
Report Prepared by :	GEET

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--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.