MIRA INFORM REPORT

Report No. :	345334
Report Date :	21.10.2015

IDENTIFICATION DETAILS

Name :	PRESTIGE SHANTINIKETAN LEISURES PRIVATE LIMITED
Registered Office :	The Falcon House, No. 1, Main Guard Cross Road, Bangalore – 560001, Karnataka
Tel. No.:	91-80-25591080
Country :	India
Financials (as on) :	Not Divulged
Date of Incorporation :	09.02.2007
Com. Reg. No.:	08-041737
Capital Investment / Paid-up Capital :	Rs. 6.300 Million
CIN No.: [Company Identification No.]	U70101KA2007PTC041737
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Real Estate Business.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (26)

26

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was established in the year 2007 which is a part of Prestige Group of companies. It develops residential, commercial, leisure and hospitality and retail projects. The Prestige group, established in 1986 by the Razack brothers, is a leading developer in Bangalore. The bulk of its ongoing projects are in Bangalore, in addition to Hyderabad, Chennai, Mysore, Mangalore, and Kochi. As per our sources and investigation financial information on the subject company is not available from any sources. Management has also filed its financial with registrar of companies but document related to the financial are not available from the same. The rating takes into consideration Prestige Group strong brand equity and well-diversified presence in residential, commercial, retail and hospitality real estate segments in Bangalore, prudent land acquisition strategy, and good systems and processes. In view of aforesaid, the company can be considered for the business dealing with some caution. Note: Though the financial information on the subject company is not available rating is based on overall reputation and information available on Prestige Group of companies.

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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	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 31-03-2015.

INFORMATION DECLINED

Name :	Not Divulged
Designation :	Accountant
Contact No.:	91-80-25591080
Date :	16.10.2015

LOCATIONS

Registered Office :	The Falcon House, No. 1, Main Guard Cross Road, Bangalore – 560001, Karnataka, India
Tel. No.:	91-80-25591080
Fax No.:	91-80-25591945
E-Mail :	investors@prestigeconstructions.com venkatkn@prestigeconstructions.com
Website:	www.prestigeconstructions.com

DIRECTORS

As on 29.09.2014

Name :

Mr. Noaman Razack

Designation :

Director

Address :

No. 21/22-5, Craig Park Layout, M. G. Road, Bangalore - 560001, Karnataka, India

Date of Appointment :

09.02.2007

DIN No.:

00189329

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U85110KA1996PTC020005	PRESTIGE FASHIONS PRIVATE LIMITED	Managing director	07/03/1996	07/03/1996	-	Active	NO
2	U85110KA1996PTC020094	PRESTIGE GARDEN RESORTS PRIVATE LIMITED	Director	25/03/1997	25/03/1997	-	Active	NO
3	L07010KA1997PLC022322	PRESTIGE ESTATES PROJECTS LIMITED	Whole-time director	01/10/2014	04/06/1997	-	Active	NO
4	U65192KA1997PLC022369	PRESTIGE HOME FINANCE LIMITED	Director	11/06/1997	11/06/1997	10/11/2009	Strike off	NO
5	U85110KA1995PTC018755	CESSNA GARDEN DEVELOPERS PRIVATE LIMITED	Director	08/06/1998	08/06/1998	26/06/2010	Active	NO
6	U85110KA1998PTC023922	PRESTIGE AMUSEMENTS PRIVATE LIMITED	Director	02/07/1998	02/07/1998	-	Active	NO
7	U70102KA1996PTC020293	PRESTIGE GARDEN ESTATES PRIVATE LIMITED	Director	01/10/2002	01/10/2002	30/03/2015	Active	NO
8	U72900KA2000PTC027024	CDC LINUX PRIVATE LIMITED	Director	31/03/2003	31/03/2003	15/01/2011	Active	NO
9	U74999KA2001PTC028914	CALIFORNIA DIGITAL (INDIA) PRIVATE LIMITED	Director	31/03/2003	31/03/2003	15/01/2011	Active	NO
10	U70102KA1996PTC020295	WEST PALM DEVELOPMENTS PRIVATE LIMITED	Director	01/06/2003	01/06/2003	-	Active	NO
11	U85110KA1945PTC000374	I C B I (INDIA) PRIVATE LIMITED	Director	01/12/2003	01/12/2003	-	Active	NO
12	U85110KA1988PTC009538	KANDID MARKETING SERVICES PRIVATE LIMITED	Director	01/12/2003	01/12/2003	-	Strike off	NO
13	U85110KA1996PTC020004	PRESTIGE VALLEY VIEW ESTATES PRIVATE LIMITED	Director	01/12/2003	01/12/2003	16/01/2010	Active	NO
14	U85110KA1998PTC023921	PRESTIGE LEISURE RESORTS PRIVATE LIMITED	Director	01/12/2003	01/12/2003	15/02/2010	Active	NO
15	U70100KA1996PTC020294	PRESTIGE GARDEN CONSTRUCTIONS PRIVATE LIMITED	Director	17/05/2010	01/12/2003	23/02/2012	Active	NO
16	U91990KA1913GAP000606	THE BANGALORE COMMERCIAL ASSOCIATION	Director	08/05/2004	08/05/2004	-	Active	NO
17	U74210KA2003PTC032806	DOLLARS CONSTRUCTIONS AND ENGINEERS PRIVATE LIMITED	Director	28/06/2004	28/06/2004	-	Active	NO
18	U55102KA1995PTC019332	DOWNHILL HOLIDAY RESORTS PRIVATE LIMITED	Director	27/10/2005	27/10/2005	10/11/2009	Active	NO
19	U55101KA1994PTC016245	VILLAGE DE NANDI PRIVATE LIMITED	Director	27/10/2005	27/10/2005	10/11/2009	Active	NO
20	U55101KA1994PTC016244	PENNAR HOTELS ANE RESORTS PRIVATE LIMITED	Director	27/10/2005	27/10/2005	10/11/2009	Active	NO
21	U55101KA1994PTC016246	FOOTHILLS RESORTS PRIVATE LIMITED	Director	27/10/2005	27/10/2005	10/11/2009	Active	NO
22	U72900KA2003PLC032050	EXORA BUSINESS PARKS Limited	Director	15/12/2006	15/12/2006	04/02/2012	Active	NO
23	U45201KA2007PTC041392	PRESTIGE BIDADI HOLDINGS PRIVATE LIMITED	Director	05/01/2007	05/01/2007	06/02/2010	Active	NO
24	U70101KA2007PTC041666	PRESTIGE CONSTRUCTION VENTURES PRIVATE LIMITED	Director	05/02/2007	05/02/2007	-	Active	NO
25	U70101KA2007PTC041737	PRESTIGE SHANTINIKETAN LEISURES PRIVATE LIMITED	Director	09/02/2007	09/02/2007	-	Active	NO
26	U45201KA2007PTC043550	PRESTIGE BUILDERS AND DEVELOPERS PRIVATE LIMITED	Director	07/08/2007	07/08/2007	-	Active	NO
27	U45202KA2007PTC043551	PRESTIGE GOLF RESORTS PRIVATE LIMITED	Director	07/08/2007	07/08/2007	-	Active	NO
28	U70200KA2007PTC044784	PRESTIGE MYSORE RETAIL VENTURES PRIVATE LIMITED	Director	26/12/2007	26/12/2007	16/01/2008	Active	NO
29	U70109KA2007PTC044794	PRESTIGE MANGALORE RETAIL VENTURES PRIVATE LIMITED	Director	27/12/2007	27/12/2007	16/01/2008	Active	NO
30	U45201KA2008PTC044854	PRESTIGE WHITEFIELD INVESTMENT AND DEVELOPERS PRIVATE LIMITED	Director	03/01/2008	03/01/2008	16/01/2008	Active	NO
31	U72200KA2000PTC028118	VALDEL XTENT OUTSOURCING SOLUTIONS PRIVATE LIMITED	Additional director	26/05/2008	26/05/2008	08/07/2008	Active	NO
32	U45201KA2008PTC046784	Prestige Projects Private Limited	Director	13/06/2008	13/06/2008	30/03/2015	Active	NO
33	U45200TG2007PTC054531	K2K INFRASTRUCTURE INDIA PRIVATE LIMITED	Director	25/09/2009	14/02/2009	30/03/2015	Active	NO
34	U45202KA2009PTC049345	NORTHLAND HOLDING COMPANY PRIVATE LIMITED	Director	12/03/2009	12/03/2009	07/10/2014	Active	NO
35	U45200TG2004PTC044734	BABJI REALTORS PRIVATE LIMITED	Director	17/05/2010	18/01/2010	17/03/2013	Active	NO
36	U45201KA2010PTC054595	VILLALAND DEVELOPERS PRIVATE LIMITED	Director	28/07/2010	28/07/2010	-	Converted to LLP and dissolved	NO
37	U92490TN1949PTC003211	VIJAYA PRODUCTIONS PRIVATE LIMITED	Director	23/12/2011	12/12/2011	-	Active	NO
38	U52300KA2012PTC066185	PRESTIGE FALCON RETAIL VENTURES PRIVATE LIMITED	Director	05/10/2012	05/10/2012	-	Active	NO
39	U45201KA2012PTC063057	DASHANYA TECH PARKZ PRIVATE LIMITED	Additional director	15/02/2013	15/02/2013	30/03/2015	Active	NO
40	U55101KA2004PTC034873	DOLLARS HOTEL AND RESORTS PRIVATE LIMITED	Additional director	28/02/2013	28/02/2013	-	Active	NO

Name :

Mr. Mohmed Sadiq Zaid

Designation :

Additional director

Address :

The Falcon House, No. 1, Main Guard Cross Road, Bangalore - 560001, Karnataka, India

Date of Appointment :

28.03.2015

DIN No.:

01217079

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L07010KA1997PLC022322	PRESTIGE ESTATES PROJECTS LIMITED	Director	01/01/2007	01/01/2007	01/09/2009	Active	NO
2	U55100KA2011PTC061656	SAI CHAKRA HOTELS PRIVATE LIMITED	Additional director	10/11/2014	10/11/2014	-	Active	NO
3	U70101KA2007PTC041737	PRESTIGE SHANTINIKETAN LEISURES PRIVATE LIMITED	Additional director	28/03/2015	28/03/2015	-	Active	NO

Name :

Mr. Rezwan Fiaz

Designation :

Additional director

Address :

No. 37/18, Ulsoor Road, Bangalore - 560042, Karnataka, India

Date of Appointment :

28.03.2015

DIN No.:

01217423

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L07010KA1997PLC022322	PRESTIGE ESTATES PROJECTS LIMITED	Director	01/06/2005	01/06/2005	01/09/2009	Active	NO
2	U45201KA2007PTC041392	PRESTIGE BIDADI HOLDINGS PRIVATE LIMITED	Director	02/07/2010	06/02/2010	-	Active	NO
3	U72900KA2003PLC032050	EXORA BUSINESS PARKS Limited	Director	15/06/2012	04/02/2012	-	Active	NO
4	U70109KA2007PTC044794	PRESTIGE MANGALORE RETAIL VENTURES PRIVATE LIMITED	Managing director	24/08/2012	02/05/2012	-	Active	NO
5	U45202KA2009PTC049345	NORTHLAND HOLDING COMPANY PRIVATE LIMITED	Additional director	01/10/2014	01/10/2014	-	Active	NO
6	U55100KA2011PTC061656	SAI CHAKRA HOTELS PRIVATE LIMITED	Additional director	10/11/2014	10/11/2014	-	Active	NO
7	U45200TG2004PTC044734	BABJI REALTORS PRIVATE LIMITED	Additional director	23/03/2015	23/03/2015	-	Active	NO
8	U70102KA1996PTC020293	PRESTIGE GARDEN ESTATES PRIVATE LIMITED	Additional director	28/03/2015	28/03/2015	-	Active	NO
9	U55101KA2004PTC034873	DOLLARS HOTEL AND RESORTS PRIVATE LIMITED	Additional director	28/03/2015	28/03/2015	-	Active	NO
10	U70101KA2007PTC041737	PRESTIGE SHANTINIKETAN LEISURES PRIVATE LIMITED	Additional director	28/03/2015	28/03/2015	-	Active	NO
11	U45201KA2012PTC063057	DASHANYA TECH PARKZ PRIVATE LIMITED	Additional director	28/03/2015	28/03/2015	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 16.01.2007

Names of Shareholders	No. of Shares
Irfan Razack	3500
Rezwan Razack	3500
Noaman Razack	3000
Total	10000

Names of Shareholders	No. of Shares
Prestige Estates Projects Private	600000

Names of Shareholders	No. of Shares
Prestige Estates Projects Private	20000

BUSINESS DETAILS

Line of Business :	Real Estate Business.
Products :	Not Available
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 :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Not Divulged
Branch	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Auditors :	Not Divulged
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
630000	Equity Shares	Rs.10/- each	Rs. 6.300 Million

FINANCIAL DATA

[all figures are in Rupees Million]

NOT DIVULGED

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	No
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	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	Yes
22	Conduct of the banking account	--
23	Financials, if provided	No
24	Capital in the business	No
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	No
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 CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10536678	10/12/2014 *	1,500,000,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH, 'EXPRESS BUILDING, II F  LOOR, NO.1, QUEEN'S ROAD,, BANGALORE, KARNATAKA -  560001, INDIA	C37272069

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 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	Indian Rupees
US Dollar	1	Rs.64.96
UK Pound	1	Rs.100.55
Euro	1	Rs.73.99

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	RKI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	-
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	-
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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.