MIRA INFORM REPORT

Report No. :	490993
Report Date :	10.02.2018

IDENTIFICATION DETAILS

Name :	AMIT VASTU VENTURES LLP
Registered Office :	Amit House, 1902, Sadashiv Peth, Bajirao Road, Pune – 411030, Maharashtra
Mobile No.:	91-9881248789 [Mr. Santosh]
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	14.06.2013
Total Obligation of contribution :	INR 388.262 Million
LLPIN :	AAB-5840
IEC No.:	Not Divulged
TIN No.:	Not Divulged
GSTIN/UIN:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Divulged
Legal Form :	Limited Liability Partnership
Line of Business :	Subject carry on business of construction, promoter and builder. [Registered Activity]
No. of Employees :	Information denied by the management

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 1109320 (INR 77652400)
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a Limited Liability Partnership firm established in the year 2013. As per the financial records of 2017, the subject has reported a decline in its revenue and has incurred operational losses during the year under the review. The moderate financial position of the firm is marked by slightly high debt balance sheet profile. Business is active. Payment seems to be slow but correct. In view of aforesaid, the subject can be considered for business dealings with some caution.

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 10.02.2018.

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. Santosh
Designation :	Not Divulged
Contact No.:	91-9881248789
Date :	08.02.2018

LOCATIONS

Registered Office/ Corporate office:	Amit House, 1902, Sadashiv Peth, Bajirao Road, Pune – 411030, Maharashtra, India
Tel. No.:	91-20-24489494/ 95
Mobile No.:	91-9881248789 [Mr. Santosh]
Fax No.:	91-20-24431554
E-Mail :	cs@amitenterprises.com

PARTNERS

Name :

Mr. Kishor Govind Pate 

Designation :

Designated Partner

Address :

601, Govind Gaurav, Plot No.487/2A/2, Swanand So Sa Sahakar Nagar 2, Pune – 411009, Maharashtra, India

Date of Birth/Age :

06.08.1960

Date of Appointment :

14.06.2013

DPIN No.:

00367915

Other Directorship:

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAA-4961	AMIT TALATI METRO PROJECTS LLP	26/05/2011	-
AAA-5648	AMIT RESIDENTIAL TOWNSHIP LLP	19/07/2011	-
AAA-7128	AMIT TALATI BUILDERS AND PROMOTERS LLP	02/12/2011	-
AAA-6118	AMIT HOME MAKERS LLP	02/09/2011	-
AAB-5841	AMIT VILLAGE LLP	14/06/2013	-
AAB-5839	AMIT RESIDENTIAL VENTURES LLP	14/06/2013	-
AAC-4658	OS LUXURY DESIGNS LLP	16/07/2014	-
AAC-6715	SKP HOUSING LLP	04/09/2014	-
AAF-9750	ROHAN PATE GROUP OF CONSTRUCTIONS LLP	18/03/2016	-

Name :

Mr. Sanket Kishor Pate

Designation :

Designated Partner

Address :

Flat No. 601, Govind Gaurav -A - Apartments 87/2A/2, Swanand Society, Lane No. 1, Sahakar Nagar No 2, Pune – 411009, Maharashtra, India

Date of Appointment :

06.09.2013

DPIN No.:

03195217

Other Directorship:

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAA-5648	AMIT RESIDENTIAL TOWNSHIP LLP	24/08/2013	-
AAB-5841	AMIT VILLAGE LLP	06/09/2013	-
AAB-5839	AMIT RESIDENTIAL VENTURES LLP	06/09/2013	-
AAC-4658	OS LUXURY DESIGNS LLP	16/07/2014	-
AAC-6715	SKP HOUSING LLP	04/09/2014	-
AAC-7386	MALVIKA REAL ESTATE LLP	22/09/2014	-
AAD-0980	SCION SECURITY SERVICES LLP	23/12/2014	16/11/2016
AAD-1478	ENZO CREATORS LLP	05/01/2015	-
AAH-1317	DYNAMIC LANDMARKS LLP	11/08/2016	-
AAI-5017	SKP CORP AGRO LLP	08/02/2017	-
AAK-3774	CINEVOKE PRODUCTIONS LLP	22/08/2017	-

Name :

Mr. Rohan Kishor Pate

Designation :

Designated Partner

Address :

Flat No. 601, Govind Gaurav -A - Apartments 87/2A/2, Swanand Society, Lane No. 1, Sahakar Nagar No 2, Pune – 411009, Maharashtra, India

Date of Appointment :

06.09.2013

DPIN No.:

03195253

Other Directorship:

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAA-5648	AMIT RESIDENTIAL TOWNSHIP LLP	24/08/2013	-
AAB-5841	AMIT VILLAGE LLP	06/09/2013	-
AAB-5839	AMIT RESIDENTIAL VENTURES LLP	06/09/2013	-
AAF-9750	ROHAN PATE GROUP OF CONSTRUCTIONS LLP	18/03/2016	-

CONTRIBUTION DETAILS

As ON 31.03.2017

Names of Persons	INR in Million
Rohan Kishor Pate	0.005
Sanket Kishor Pate	0.005
Kishor Govind Pate	0.090
Total	0.100

BUSINESS DETAILS

Line of Business :	Subject carry on business of construction, promoter and builder. [Registered Activity]
Products/ Services :	Construction Activity
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

‘

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 :

Information denied by the management

Bankers :

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

Facilities :

(INR In Million)

SECURED LOAN	As on 31.03.2017	As on 31.03.2016
LIC Housing Finance Limited	1000.000	754.484
Total	1000.000	754.484

Financial Institution :	Unit Trust of India Investment Advisory Services Limited, UTI Tower GN Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India
Auditors :
Name :	S P C M and Associates [Formerly known as Bora Kasat and Company] Chartered Accountants
Address :	5^th Floor, Centre Point, CTS No. 6616, Plot No.: 491, Mitra Mandal Chowk, Next to Balasaheb Thackrey Hospital, Parvti, Pune – 411009, Maharashtra, India
Tel. No.:	91-20-67447171
E-Mail :	suhas@specm.in
Membership No:	105408
Memberships :	Not Available
Collaborators :	Not Available
Sister Concern :	Not Divulged

CONTRIBUTION

AS On 31.03.2017

PARTNERS’ CAPITAL ACCOUNT
Particulars	Kishor Pate	Rohan Pate	Sanket Pate	Total
Profit(Loss) Ratio	90%	5%	5%	100%
Fixed Capital
Opening Balance	0.090	0.005	0.005	0.100
Addition/ Deletions	--	--	--	--
	0.090	0.005	0.005	0.100

PARTNERS’ CURRENT ACCOUNT
Particulars	Kishor Pate	Rohan Pate	Sanket Pate	Total
Profit(Loss) Ratio	90%	5%	5%	100%
Current Capital
Opening Balance	139.946	(0.011)	(0.011)	139.924
Addition	74.797	177.520	--	252.317
Deletions	(1.500)	(1.675)	--	(3.175)
Profit and Loss Sharing	(0.814)	(0.045)	(0.045)	(0.904)
	212.429	175.789	(0.056)	388.162

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

		31.03.2017	31.03.2016
PARTNER’S FUNDS
1] Capital Account		0.100	0.100
2] Current Account		388.162	139.924
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		388.262	140.024
LOAN FUNDS
1] Secured Loans		1000.000	754.484
2] Unsecured Loans		0.000	16.291
TOTAL BORROWING		1000.000	770.775
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		1388.262	910.799
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.690	1.989
Capital work-in-progress		0.000	0.000
INVESTMENT		5.090	5.090
DEFERRED TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1330.199	979.651
	Sundry Debtors	0.000	0.000
	Cash & Bank Balances	1.782	1.883
	Other Current Assets	0.000	0.000
	Loans & Advances	322.370	26.733
Total Current Assets		1654.351	1008.267
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	44.667	27.610
	Other Current Liabilities & Provisions	228.202	76.937
Total Current Liabilities		272.869	104.547
Net Current Assets		1381.482	903.720
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		1388.262	910.799

	31.03.2015
PARTNER’S FUNDS
1] Contribution received	0.100
2] Reserves & surplus (including surplus being the profit/loss made during year)	0.000
NETWORTH	0.100
LIABILITIES
Secured Loans	674.884
Unsecured Loans	16.207
Short term borrowing	0.000
Creditors/trade payables - Advance from customers	0.000
Other liabilities [urrent Account & Current Liabilities & Provisions]	81.322
Provisions	0.000
For taxation	0.000
for contingencies	0.000
for insurance	0.000
Other provisions (if any)	0.000
TOTAL	772.513
ASSETS
Gross Fixed assets(including intangible assets)	2.339
Less: depreciation and amortization	0.000
Net fixed assets	2.339
Investments	0.000
Loans and advances	2.210
Inventories	696.683
Debtors/trade receivables	0.000
Cash and cash equivalents	71.281
Other assets (to specify)	0.000
TOTAL	772.513

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016
	SALES
	Income	0.000	0.000
	Other Income	0.211	0.671
	TOTAL	0.211	0.671
Less	EXPENSES
	Administrative and Other expenses	0.664	0.299
	TOTAL	0.664	0.299
	PROFIT/ (LOSS) BEFORE INTEREST, TAX	(0.453)	0.372
Less	FINANCIAL EXPENSES	0.451	0.364
	PROFIT/ (LOSS) BEFORE TAX	(0.904)	0.008
Less	TAX	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(0.904)	0.008

	PARTICULARS	31.03.2015
	SALES
	Income	0.000
	Other Income	0.186
	TOTAL	0.186
Less	EXPENSES
	Administrative and Other expenses	0.294
	TOTAL	0.294
	PROFIT/ (LOSS) BEFORE INTEREST, TAX	(0.108)
Less	FINANCIAL EXPENSES	0.067
	PROFIT/ (LOSS) BEFORE TAX	(0.175)
Less	TAX	0.000
	PROFIT/ (LOSS) AFTER TAX	(0.175)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Inventory Turnover (Operating Income / Inventories)	0.00	0.00	0.00
Asset Turnover (Operating Income / Net Fixed Assets)	(0.27)	0.19	(0.05)

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.77	0.86	1.00
Debt Equity Ratio (Total Liability / Networth)	2.58	5.50	6910.91
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.70	0.86	975.29
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00	0.01	23.39
Interest Coverage Ratio (PBIT / Financial Charges)	(1.00)	1.02	(1.61)

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
PAT to Sales ((PAT / Sales) * 100)	%	0.00	0.00	0.00
Return on Total Assets ((PAT / Total Assets) * 100)	%	(0.05)	0.00	(0.02)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(0.23)	0.01	(175.00)

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	6.08	8.39	7.90
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.21	0.28	0.75
G-Score Ratio Financial (Networth / Total Assets)	0.23	0.14	0.00
G-Score Ratio Debt (Debts / Equity Capital)	2.58	5.50	6910.91
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	6.08	8.39	7.90

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

FINANCIAL ANALYSIS

[all figures are in INR Million]

DEBT EQUITY RATIO

Particular	31.03.2016	31.03.2017
	INR In Million	INR In Million
Capital Account	0.100	0.100
Current Account	139.924	388.162
Net worth	140.024	388.262
Secured Loans	754.484	1000.000
Unsecured Loans	16.291	0.000
Total borrowings	770.775	1000.000
Debt/Equity ratio	5.505	2.576

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2016	31.03.2017
	INR In Million	INR In Million
Total Income	0.671	0.211
		(68.554)

NET PROFIT MARGIN

Net Profit Margin	31.03.2016	31.03.2017
	INR In Million	INR In Million
Total Income	0.671	0.211
Profit/ (Loss)	0.008	(0.904)
	1.19%	(428.44%)

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	No
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	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

UNSECURED LOAN

(INR In Million)

Particulars	As on 31.03.2017	As on 31.03.2016
From Related Parties	0.000	16.291
Total	0.000	16.291

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	M02977619	100065765	UNIT TRUST OF INDIA INVESTMENT ADVISORY SERVICES LIMITED	19/12/2016	04/01/2017	-	1000000000.0	UTI TOWER GN BLOCK, BANDRA KURLA COMPLEX,BANDRA (EAST), MUMBAI – 400051, MAHARASHTRA, INDIA
2	M02785392	10486923	DEWAN HOUSING FINANCE CORPORATION LIMITED	14/03/2014	18/03/2014	19/12/2016	800000000.0	WARDEN HOUSE 2ND FLOOR, SIR P M ROAD FORT, MUMBAI MUMBAI – 400001, MAHARASHTRA, INDIA

FIXED ASSETS:

• Plant and Machinery

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 64.37
UK Pound	1	INR 78.89
Euro	1	INR 89.71

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	NYT
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	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.