Agenda for Approval Committee meeting for SEZ Pune Cluster to be held on 28 March 2024. — 11-qubix-business-park-pvt-ltd-sez

SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI.

AGENDA FOR

MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE OF M/s. QUBIX BUSINESS PARK PVT. LTD.-SEZ

DATE : 28.03.2024

TIME : 11:00 A.M.

---

MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE, UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER, SEEPZ-SEZ ON 28.03.2024 INDEX

Agenda Item No.

Subject Agenda Item No. 01: Confirmation of the Minutes of the meeting held on 29.02.2024 Agenda Item No. 02: Application for approval of Setting up of New Unit in SEZ submitted by M/s. Cross Country Infotech Pvt. Ltd. Agenda Item No. 03: Monitoring of Performance for M/s. NCSI Technologies (India) Pvt Ltd. Agenda Item No. 04: Application of approval for Change in Shareholding Pattern.

---

FORMAT FOR NEW UNIT IN SEZ COMPANY/UNIT PROFILE I Name and address, telephone/fax/e mail ID M/s. Cross Country Infotech Private Limited Registered address: 4th Floor, A-wing, Nextgen Avenue, S.No. 103, Bahiratw- Adi. No. 401 & 402, Senapathi Bapat Rd., Shivaji Nagar, Pune 411 016. Proposed address: Unit No. 2, 6th Floor, IT7 Building, Plot No. 2, VITP Private Limited, Qubix Business Park Pvt. Ltd., SEZ, Blue Ridge Rajiv Gandhi Infotech Park, Phase I, Hinjewadi, Pune – 411 -057. State : Maharashtra. Telephone: - 91-91-7030903144 e-mail address:- ashjadhav@crosscountry.com Web-site: - https://www.crosscountry.in/ Status of the company i.e. proprietorship/ partnership/indi vidual and statute under which registered with
registration no. & year of registration Registration : Private Limited CIN No. : U72900PN2005PTC021548 Date of issuance of CIN : 16.11.2005. Financial capability of the Unit Cash and Cash Equivalents as per year (Rs.in Cr.) 2020-21 2021-22 2022-23 6.38 1.20 2.39 Reserves & Surplus (Rs.in Cr.) 2020-21 2021-22 2022-23 13.05 7.87 11.93 IEC No / date/ issued by 3105019715 issued on 30.06.2021 by Govt. of India, Ministry of Commerce & Industry, Office of the Joint Director General of Foreign Trade Whether manufacturer / trader/ company warehouse/ Service Provider 1 File No.S-SEZ-PRO0QBXP/1/2024-JDCP-SEEPZ-MUMBAI

Service provider I I . PROJECT PROFILE (i) Product to be manufacture d/
service to be rendered Sr. No. Services SAC/CPC Authorized Operations 1 Computer Software services and Information Technology Services SAC- 998314 CPC- 8314 Application Development, Integration, Testing, Maintenance, upgradation/Enhan cement of existing software/Applicatio n,

IT

support services etc. 2 Information Technology Enabled Services such as

Support Centres and Back-office operations SAC- 998313 CPC- 83132 Contract Audit, and Management,

Job posting

for healthcare facilities, Job Lead Generation and

management, Assignment confirmation, Credentialing

and Timecards processing, healthcare

staff recruitment process. (ii) Brief detail of the project M/s. Cross Country Infotech Pvt Ltd. (CCIPL) is Private limited company, incorporated on 16.11.2005 under Companies Act, 1956. It is wholly owned subsidiary of Cross-Country Holdco Cyprus Ltd. Cross Country Infotech Pvt Ltd. (CCIPL) is engaged in providing Software Development and Support Services and ITES to its Associated Enterprise Cross Country Healthcare Inc. M/s. Cross Country Infotech Pvt Ltd. responds to the IT and ITES requirement of its parent company Cross Country Healthcare. Cross Country Healthcare is a leader in providing leading-edge healthcare workforce solutions across United States with more than 40 years of experience. Cross Country Healthcare is a healthcare staffing company that has operations across all 50 states of the USA by ensuring delivery of innovative IT solutions and high compliance to service level agreement (SLAs). CCIPL has decided to set up SEZ unit operations from Qubix Business Park Pvt Ltd.-SEZ over an admeasuring 38,410 sq.ft. located at Unit No. 2, 6th Floor, IT7 Building, Plot No. 2, VITP Pvt Ltd., Qubix Business Park Pvt Ltd.- SEZ, Blue Ridge, Rajiv Gandhi Infotech Park, Hinjewadi, Phase-I, Pune-411057. 2 File No.S-SEZ-PRO0QBXP/1/2024-JDCP-SEEPZ-MUMBAI

Accordingly, the unit intends to invest Rs.15.60 Cr with Projected Export of Rs. 283.82 Cr and Projected NFE of Rs. 279.07 Cr. along with the generating Employment of 393 employees within next 5 years. I I I PROJECTIONS, YEAR-WISE Investment and Details of Source of Finance S. N o. Plant & Machinery Rs. In Crores (a) Capital Goods - Indigenous 14.04 Capital Goods - Imported (CIF Value) 1.56 Total 15.60 (b) Details of Source(s) of finance: a. Cash & Cash Equivalent (Own Funds) 12.53 b. From Internal Accruals (Over next 5 years) 3.07 Total 15.60 Imported and Indigenous requirement of Materials and other outputs
(Rs. In Crores) Import Indigenous (b) Raw Material, components, consumables, packing material, fuel etc. 0 0 (c) Input Services 3.18 34.60 Total 3.18 34.60 Requirement of Land/ built-up area (Area in Sq. Mtrs.) i. Registered Office
(Area admeasuring ) 3568.40 ii. Warehousing/ Storage 0 iii. Others, Specify 0 Total employment Total 393 (Male - 273, Female – 120) Foreign Exchange Balance Sheet (1st (Rs. In Crores) 1st 2nd 3rd 4th 5th Total FOB Value of Exports 51.70 54.09 56.66 59.26 62.11 283.82 FE outgo 1.68 0.65 0.71 0.86 0.85 4.74 NFE 50.02 53.44 55.95 58.40 61.26 279.07 Effluent Treatment Not applicable Whether Foreign No. 3 File No.S-SEZ-PRO0QBXP/1/2024-JDCP-SEEPZ-MUMBAI

Technology Agreement is Envisaged Rule Provision w.r.t. SEZ Rules, 2006 Rule 17 & 18 of SEZ Rules, 2006. Request of the company To approve their proposal for setting up of new unit at M/s. Qubix Business Park Pvt. Ltd.-SEZ Decision required for Approval Committee To consider the proposal for setting up of new unit at M/s. Qubix Business Park Pvt. Ltd.-SEZ Observation of ADC Approval Committee may kindly consider the proposal of M/s. Cross Country Infotech Pvt Ltd. for setting up of new unit in M/s. Qubix Business Park Pvt. Ltd.-SEZ 4 File No.S-SEZ-PRO0QBXP/1/2024-JDCP-SEEPZ-MUMBAI

GOVT. OF INDIA, OFFICE OF THE ZONAL DEVELOPMENT COMMISSIONER, SEEPZ – SEZ (PUNE CLUSTER)

---

AGENDA NOTE FOR CONSIDERATION OF THE APPROVAL COMMITTEE

a) Proposal: Monitoring of the performance of M/s NCSI Technologies (India) Pvt. Ltd., an IT/ITES unit located at Qubix Business Park Pvt. Ltd. SEZ, Blue Ridge Township, Near Rajiv Gandhi Infotech Park, Hinjewadi, Phase I, Pune for FY 2019-20 to FY 2022-23 i.e. 4 years of 1st Block period i.e. FY 2019-20 to FY 2023-24 . b) Specific Issue on which decision of Approval Committee is required: Monitoring of the performance of the unit for 4 years i.e. from FY 2019-20 to FY 2022-23 of 1st Block period i.e. FY 2019-20 to FY 2023-24, in terms of Rule 54 of SEZ Rules, 2006 c) Relevant provisions: - As per Rule 54 of SEZ Rules, 2006 “Performance of the Unit shall be monitored by the Approval Committee as per the guidelines given in Annexure appended to these rules”. (I) Performance as compared to projections for 4 years of 1st Block period FY 2019-20 to FY 2022-23 (i) Approved Projections (Rs. In Crores)

2019-20 2020-21 2021-22 2022-23 2023-24 TOTAL FOB Value of Exports 30.55 39.56 69.24 121.16 212.03 472.54 FE Outgo 3.77 0.00 8.50 3.23 3.10 18.60 NFE 26.78 39.56 60.74 117.93 208.93 453.94 (II) Performance as compared to projections: FY 2019-20 to FY 2022-23

(Rs. In Crores) Year Export F.E. OUTGO Projected Actual Raw Material (Goods/Services) C.G. import Other outflow Projecte d Actual Projecte d Actual Actual 2019- 20 30.55 30.55

17.00 3.77 0.20 2020- 21 39.56 39.28

0.00 0.06 File No.S-SEZ-MONT0QBXP/3/2024-JDCP-SEEPZ-MUMBAI

2021- 22 69.23 69.05

3.87 0.03 2022- 23 121.16 161.80

1.81 1.18 Total 260.49 300.68

9.45 1.47 (III) Cumulative NFE achieved: FY 2019-20 to FY 2022-23

(Rs. In Crores) (IV) Employment Achievement (Direct): FY 2022-2023

The Unit has achieved employment of 665 employees (Men-496, Women-169) in 4th year of the 1st Block period (d) Other Information:
LOA No. & Date SEEPZ-SEZ/FIPLSEZ/NTIPL/75/ 2018-19 Dated 30.11.2018 Location of Unit 5th Floor, IT-7 Building & 3rd Floor, IT- 3 Building Developed by VITP Pvt. Ltd. Co Developer, Plot No. 2, Qubix Business Park Pvt. Ltd. SEZ, Blue Ridge Township, Near Rajiv Gandhi Infotech Park, Hinjewadi, Phase I, Pune Validity of LOA 31.03.2024 Item(s) of manufacture/ Services IT/ITES Date of commencement of production 01.04.2019 Execution of BLUT 05.11.2021 Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement

Pending CRA Objection, if any NA Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any NA a) Projected employment for the Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 29.97 98.11 2020-21 68.81 98.54 2021-22 137.06 98.69 2022-23 296.73 98.68

block period b) No. of employees as on 31.03.2023 665 employees (Men-496, Women- 169) Area allotted (in sq.ft.) 79950 Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 120.22 Sq.ft Investment

till date Building NA Plant & Machinery NA Quantity and value of goods exported under Rule 34 (unutilized goods) NA Value Addition during the monitoring period NA Whether all the APRs being considered now has been filed well within the time limit, or otherwise. If no, details of the Year along with no of days delayed to be given. Yes  The Specified Officer vide his report dated 13.03.2024 has reported that
SEZ Unit has submitted the following (a) Details of year-wise export as per the prescribed format: (a) Export
(Rs. In Crore)
Year/Per iod Figures as per APR Figures as per Softex/SB / Customs Records Difference if any Reason for Difference/Remar k (1) (2) (3) (4) (5) 2019-20 30.55 30.12 0.43 Due to exchange rate variation. 2020-21 39.28 39.41 (-)0.13 Due to exchange rate variation. 2021-22 69.05 68.99 0.06 Due to exchange rate variation 2022-23 161.81 163.00 (-)1.19 Due to exchange rate variation

(b) Import (i) (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.

                                                                    (Rs. In Crore)               

Year/Period Figures as per Revised APR Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2019-20 3.77 3.77 00 NA 2020-21 00 00 00 2021-22 3.87 3.87 00 2022-23 1.81 1.81 00 (ii) Import of Raw material (Rs. In Crore)
Year/Period Figures as per APR (RM Imported) Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2018-19 0 0 0 0 2019-20 0 0 0 0 2020-21 0 0 0 0 2021-22 0 0 0 0 2022-23 0 0 0 0 (c) BLUT 1 Value of BLUT Executed (Duty foregone) (including for CG / Raw Material / Services) Value of Additional BLUT executed TOTAL value of BLUT Executed : F.No.

SEEPZ-SEZ/FIPL- SEZ/NTIPL/75/2018-19

dated 20/12/18. Rs. 4.73 Cr F.No.

SEEPZ-SEZ/FIPL- SEZ/NTIPL/75/2018-19

dated 05/11/21 Rs.9.78 Cr Total BLUT 14.91 Cr. 2 Total Duty Foregone on goods & services procured Category Wise: Year Wise:. Rupees In Crore Year- wise Goods Imported & indigenou s Services Imported and Indigenou s

2019- 20 0.52 1.28 2020- 21 00 1.31 2021- 22 1.27 4.04 2022- 23 1.55 6.55 Total 3.34 13.18 3 Has the Unit procured goods and or services without having sufficient balance in their BLUT. If yes, Month & Year when the BLUT was exhausted Details of the consignments and Total value of Goods procured without having sufficient or nil balance in BLUT No (a) Employment made as on date (as on end of block period / year upto which monitoring is being done) Men 496 Women-169 Total 665 (b) Details of pending Foreign Remittance beyond Permissible period, if any (As on 31/03/23) To cross-check the same and verify

whether

necessary permission from AD Bank / RBI has been obtained. No. (c ) Whether all softex has been filed for the said period. If no, details thereof. Yes. All the softex during the period under consideration have been filed and the same have been

SO to also check whether unit has

obtained

Softex condonation from DC office / RBI and if approved, whether they have filed such pending Softex. approved. (d) Whether all Softex has been certified, if so till which month has the same been certified. If not, provide details of the Softex and reasons for pendency. Softex has been certified till March 23. (e) Whether unit has filed any request for Cancellation of Softex No (f) Whether any Services provided in DTA / SEZ/EOU/STPI etc. against payment in INR in r/o IT/ITES Unit during the period. If yes, details thereof (year wise details to be provided) No (g) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. NA (h) Has the unit cleared any Capital Goods procured duty free in DTA against payment of Duty, or otherwise. Full details to be provided along with value of assets and duty discharged. Details of goods (E Waste) cleared in DTA is as under; (In Crore) Year Value In Rs Duty In Rs. 2022-23 0.11 0.02 (i) Is the unit sharing any of their infrastructures with other units or are utilizing infrastructure of another unit in the same or No

other SEZ. If so, details thereof, including the details of the unit with whom the sharing is being made, and the payment terms. If approval for sharing of common infrastructure has been obtained from UAC / DC office, the date of UAC / Approval letter to be indicated. (j) Whether all DSPF for services procured during the said monitoring

period

under consideration has been filed by the unit and whether the same has been processed for approval by the SO Office. All the DSPF has not been filed and approved. (k) Whether unit has filed all DTA procurement w.r.t. the goods procured by them during the monitoring period for the relevant period. If no, details thereof Yes (l) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report No (m) Has the unit set up any cafeteria / canteen / food court in unit premises. If yes, whether permission from The unit has dry pantry.

UAC / DC office has been issued, or otherwise office has been issued, or otherwise Whether unit has availed any duty paid goods / services for setting up such facility ? If yes,
whether unit has discharged such duty / tax benefit availed ? details to be given including amount of duty / tax recovered or yet to be recovered (n) Whether any violation of any of the provisions of law has been noticed / observed by the Specified Officer during the period under monitoring NIL (e) ADC’s observations:  The Unit has achieved export revenue of Rs. 300.68 Crores as against projected export of Rs. 260.49 Crores i.e. 115.42% in 04th year of 1st Block period i.e FY 2019-20 to 2022-23.  The unit has achieved positive NFE of Rs. 296.73 Crores in the fourth year of 2022-23 on cumulative basis. i.e. 98.68%.  As per SO report the unit has 665 employees (Men-496, Women-169) as on 31.03.2023 i.e. FY 2022-23.  Approval Committee may kindly Monitor the performance of the unit for FY 2019-20 to FY 2022-23 i.e. 4 years of 1st Block Period, in terms of Rule 54 of SEZ Rules, 2006.

1 GOVT. OF INDIA, OFFICE OF THE ZONAL DEVELOPMENT COMMISSIONER, SEEPZ – SEZ (PUNE CLUSTER)

---

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a) Proposal: - Proposalsubmitted by M/s. SubEno India Private Limited,anIT/ITES unit located in Qubix Business Park Private Limited – SEZforChange in Shareholding pattern. b) Specific Issue on which decision of Approval Committee is required: - Approval of the Committee for Change in Shareholding pattern of M/s. SubEno India Private Limited, in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Existing Shareholding Pattern: Sr. No. Shareholders No. of Shares Shareholding % 1. Enovate Systems Limited 99,000 99% 2. Aker Solutions IP Limited 1,000 1% 1,00,000 100% Proposed Shareholding Pattern: Sr. No. Shareholders No. of Shares Shareholding % 1. Enovate Systems Limited 600480 99.83 2. Aker Solutions IP Limited 1000 0.17 601480 100 c) Relevant provisions: - As per para (i) of Instruction no. 109, dated 18.10.2021, “Reorganization including change of name, Change of Shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, Change of Directors, etc. may be undertaken by the Unit Approval Committee (UAC) concerned subject to the condition that the Developer/Co-developer/ Unit shall not opt out or exit out of the Special Economic Zone and continues to operate as a going concern. All liabilities of the Developer/Co-Developer/Unit shall remain unchanged on such reorganization.”… d) Other Information: -  M/s. SubEno India Private Limited. has submitted application for LOA No. SEEPZ/FIPL-SEZ/APSPL/12/2011-12 Dated 08.03.2011 File No.S-SEZ-PRO0QBXP/6/2022-JDCP

2  TheUnit has submitted the following documents:  Copy of List of shareholders of the unit  Copy of Board Resolution  Form PAS-3 d) ADC’s Recommendation: Approval Committee may kindly consider the proposal of Unit for Change in Shareholding pattern to M/s. SubEno India Private Limited, in terms of Instruction no. 109 issued by MOC&I.

---

File No.S-SEZ-PRO0QBXP/6/2022-JDCP