MIRA INFORM REPORT

Report No. :	491077
Report Date :	10.02.2018

IDENTIFICATION DETAILS

Name :	MANTRA ERECTORS AND BUILDERS LLP (w.e.f. 28.07.2016)
Formerly known as :	MANTRA MAPLE DEVELOPERS LLP
Registered Office :	S-20/53-1, Buddha Vihar Colony, Flat No.201, Sundaram Villa, Varuna Bridge, Contonmen T, Varanasi – 221002, Uttar Pradesh
Tel. No.:	91-22—66081700
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	13.01.2016
Total Obligation of Contribution:	INR 0.500 Million
LLPIN :	AAF-4827
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
GSTIN :	Not Divulged
PAN No.: [Permanent Account No.]	ABCFM1836D
Legal Form :	Limited Liability Partnership
Line of Business :	Construction Activity. (Registered activity)
No. of Employees :	Information declined 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 42000 (INR 2900000)
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a limited liability partnership concern established in the year 2016. It is engaged in Construction activities. For the financial year 2017, the concern has earned revenue of INR 8.600 Million but has incurred operational losses. Moderate financial profile of the concern is marked by negative reserve base along with comfortable debt level. Rating is constrained on account of limited track record of the concern. Payments are seems to be slow. In view of aforesaid, the concern 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	ICRA
Rating	Long term = BBB-
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	14.03.2017

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 09.02.2018

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. Bharat
Designation :	Office Executive
Contact No.:	91-22-66081700
Date :	08.02.2018

Given number: 91-9503387550 (Does not exists)

LOCATIONS

Registered Office :	S-20/53-1, Buddha Vihar Colony, Flat No.201, Sundaram Villa, Varuna Bridge, Contonment, Varanasi – 221002, Uttar Pradesh, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	accounts@mantraproperties.in
Head Office :	T4-T5, Metropole, 3rd Floor, Next to Inox Multiplex, Bund GA, Pune – 411001, Maharashtra, India

PARTNERS

As on 31.03.2017

Name :

Mr. Gupta Rohit Ghanshyam

Designation :

Designated Partner

Address :

B-11, Himgiri Residency 585, Market Yard, Pune – 411037, Maharashtra, India

Date of Birth/Age :

05.05.1980

Date of Appointment :

01.06.2016

PAN No.:

ALHPG3619D

DPIN No.:

02086089

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45201UP2013PTC060247	MANTRA MAGIC TOWNSHIPS PRIVATE LIMITED	24/10/2013	-
U50500PN2015PTC154160	SPECIALITY E-MARKET PRIVATE LIMITED	30/09/2017	-
U55101PN2008PTC132491	PRESTIGE HOSPITALITY PRIVATE LIMITED	24/07/2008	-
U70102UP2013PTC058152	MANTRA PROPERTIES AND DEVELOPERS PRIVATE LIMITED	03/07/2013	-
U85190PN2008PTC133237	KRYSTAL BODY RESHAPING SOLUTIONS PRIVATE LIMITED	27/09/2010	-

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAA-3617	MANTRA DEVELOPMENTS LLP	01/02/2011	-
AAA-5586	MANTRA BUSINESSES LLP	15/07/2011	-
AAA-6789	MANTRA GREENS LLP	04/11/2011	01/09/2017
AAB-1781	MED DATA CARE PRO LLP	22/10/2012	-
AAD-2523	MANTRA BIZ VENTURES LLP	01/12/2016	-
AAE-1885	SPECTACULAR TELECOM LLP	16/06/2015	-
AAE-7638	A TO Z UTILITY SERVICES LLP	16/09/2015	-
AAI-5157	MANTRA INFRAHOME LLP	09/02/2017	01/09/2017
AAK-2635	MANTRA FINCON LLP	09/08/2017	-

Name :

Mr. Gupta Vishal Nandlal

Designation :

Body Corporate Dp Nominee

Address :

3/6 City Park, Pitale Nagar, Pune - 411037, Maharashtra, India

Date of Birth/Age :

15.04.1979

Date of Appointment :

13.01.2016

DPIN No.:

02114047

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45201UP2013PTC060247	MANTRA MAGIC TOWNSHIPS PRIVATE LIMITED	24/10/2013	-
U45300PN2015PTC154665	MANTRA TOWNSHIPS PRIVATE LIMITED	10/04/2015	-
U45309PN2017PTC173621	MANTRA AND ARIHANT PROPERTIES INFRACON PRIVATE LIMITED	29/11/2017	-
U50500PN2015PTC154160	SPECIALITY E-MARKET PRIVATE LIMITED	02/03/2015	-
U66030PN2015PTC157419	INNITI ALLIANCE PRIVATE LIMITED	04/12/2015	-
U70100PN2012PTC142111	BIGDEAL PROPERTIES (INDIA) PRIVATE LIMITED	31/01/2012	-
U70102UP2013PTC058152	MANTRA PROPERTIES AND DEVELOPERS PRIVATE LIMITED	03/07/2013	-
U72200PN2012PTC144663	MNM TECHNOLOGIES PRIVATE LIMITED	07/09/2012	-
U72900PN2010PTC138023	MNM MEGARTHA SOFTWARE TECHNOLOGIES PRIVATE LIMITED	30/09/2014	-
U72900PN2012PTC144694	SWIPE TELECOM INDIA PRIVATE LIMITED	11/09/2012	-

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAA-3617	MANTRA DEVELOPMENTS LLP	01/02/2011	-
AAA-5586	MANTRA BUSINESSES LLP	15/07/2011	-
AAA-5801	MANTRA BUILDCONS LLP	01/08/2011	12/04/2012
AAA-6789	MANTRA GREENS LLP	04/11/2011	-
AAA-7755	MNM WEB BIZ LIMITED LIABILITY PARTNERSHIP	25/01/2012	-
AAA-8869	MNM WORK FORCE MANAGEMENT LLP	18/04/2012	-
AAB-0071	MANTRA LANDMARKS LLP	09/07/2012	-
AAB-1781	MED DATA CARE PRO LLP	22/10/2012	-
AAB-8090	MANTRA BUILDCRAFTS LLP	11/10/2013	-
AAB-8091	MANTRA RESIDENCIES LLP	11/10/2013	-

KEY EXECUTIVES

Name :	Mr. Bharat
Designation :	Office Executive

OBLIGATION DETAILS

As on 31.03.2017

Names of Shareholders	INR in Million
Navin Ashok Agarwal	0.125
Sachin Ashok Agarwal	0.125
Mantra Properties and Developers Private Limited, India	0.250
Total	0.500

BUSINESS DETAILS

Line of Business :	Construction Activity. (Registered activity)
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

• A to Z Utility Services LLP
• Mantra Properties and Developers Private Limited
• S.R. Sandawale
• Ace Networking Solutions
• Alert Fire and Safety Services
• Bhuleshwar Steel and Alloys Private Limited
• Castel Engineering Gajanan Transport
• Mahalaxmi Steels
• Employee State Insurance Corporation
• Mangalmurty Enterprises
• Sai Electronics
• Stuti Sales Corporation
• Vishwas Sales Corporation

Reference :	Aditya Enterprises
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 declined by the management

Bankers :

Bank Name	Kotak Mahindra Bank
Branch	Pune, Maharashtra, India
Person Name (With Designation)	--
Contact Number	91-8382997823
Name of Account Holder	--
Account Number	9612360557
IFSC Code:	KKBK0000723
MICR :	411485002
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	Current
Account Operation	--
Remarks (If any)	--

Auditors :
Name :	V.K. Jindal and Company Chartered Accountants
Address :	D-53/118 – B Plot No. 11, Kaliya Nagar, Rathyatra, Crossing, Varanasi – 221001, Uttar Pradesh, India
Tel. No.:	91-542-2400983
Fax No.:	91-542-2400984
Memberships No.:	070666
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2017

Particulars	INR in Million
PARTER’S CAPITAL CONTRIBUTION
A- Mantra Properties and Developers Private Limited (99%)
Opening Balance	0.250
Add: Addition during the year
Cash	0.245
Total	0.495
B. Rohit Gupta (1%)
Opening Balance
Add: Addition during the year	0.000
Cash	0.005
Less: Withdrawal during the year	0.000
Total	0.005
C. Navin Agarwal
Opening Balance	0.125
Add: Addition during the	0.000
	0.125
Less: Withdrawal during the year
Cash	0.125
Total	0.000
D. Sachin Agarwal
Opening Balance	0.125
Add: Addition during the years	0.000
	0.125
Less: Withdrawal during the year
Cash	0.125
Total	0.000
TOTAL (A+B+C+D)	0.500

Particulars	INR in Million
PARTER’S CURRENT ACCOUNT
A- Mantra Properties and Developers Private Limited (99%)
Opening Balance	26.541
Add: Addition during the year
Cash	0.133
Current – Sachin Agarwal	10.000
Cheque	16.912
	53.585
Less: Withdrawal during the year
Cheque	16.110
Total	37.475
B. Rohit Gupta (1%)
Opening Balance	0.000
Add: Addition during the year
Cheque	0.000
Less: Withdrawal during the year	0.000
Total	0.000
C. Sachin Agarwal
Opening Balance	10.000
Add: Addition during the year	0.000
	10.000
Less: Withdrawal during the year
Current – Mantra Properties and Developers Private Limited	10.000
Total	0.000
TOTAL (A+B+C+D)	37.475

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2017	31.03.2016 (3 Months)
PARTNERS FUNDS
1] Contribution		0.500	0.500
2] Partners’ Current Capital		37.475	36.541
3] Reserves & Surplus		(23.430)	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		14.545	37.041
LOAN FUNDS
1] Secured Loans		0.000	0.000
2] Unsecured Loans		5.623	0.000
TOTAL BORROWING		5.623	0.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		20.168	37.041
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.149	0.000
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	45.722	1.561
	Sundry Debtors	1.439	0.000
	Cash & Bank Balances	3.095	0.500
	Other Current Assets	0.000	0.000
	Loans & Advances	38.063	35.000
Total Current Assets		88.319	37.061
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	68.300	0.020
	Other Current Liabilities	0.000	0.000
	Provisions	0.000	0.000
Total Current Liabilities		68.300	0.020
Net Current Assets		20.019	37.041
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		20.168	37.041

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016 (3 Months)
	SALES
	Income	8.605	0.000
	Other Income	0.013	0.000
	TOTAL	8.618	0.000
Less	EXPENSES
	Purchases of Stock-in-Trade	13.467	1.530
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(44.162)	(1.561)
	Direct expense	39.300	0.000
	Administrative expenses	23.381	0.031
	TOTAL	31.986	0.000
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(23.368)	0.000
Less	FINANCIAL EXPENSES	0.054	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(23.422)	0.000
Less/ Add	DEPRECIATION/ AMORTISATION	0.008	0.000
	PROFIT/ (LOSS) BEFORE TAX	(23.430)	0.000
Less	TAX	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(23.430)	0.000

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016
Average Collection Days (Sundry Debtors / Income * 365 Days)	61.04	0.00
Account Receivables Turnover (Income / Sundry Debtors)	5.98	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	1851.15	4.77
Inventory Turnover (Operating Income / Inventories)	(0.51)	0.00
Asset Turnover (Operating Income / Net Fixed Assets)	(156.83)	0.00

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.84	0.00
Debt Equity Ratio (Total Liability / Networth)	0.39	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	5.08	0.00
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.01	0.00
Interest Coverage Ratio (PBIT / Financial Charges)	(432.74)	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016
Net Profit Margin ((PAT / Sales) * 100)	%	(272.28)	0.00
Return on Total Assets ((PAT / Total Assets) * 100)	%	(26.48)	0.00
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(161.09)	0.00

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016
Current Ratio (Current Assets / Current Liabilities)	1.19	1853.05
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.58	1775.00
G-Score Ratio Financial (Networth / Total Assets)	0.16	1.00
G-Score Ratio Debt (Debts / Equity Capital)	11.25	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.19	1853.05

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	31.03.2016	31.03.2017
	INR In Million	INR In Million
Contribution	0.500	0.500
Partners’ Current Capital	36.541	37.475
Reserves & Surplus	0.000	(23.430)
Net worth	37.041	14.545
Secured Loan	0.000	0.000
Unsecured Loan	0.000	5.623
Total borrowings	0.000	5.623
Debt/Equity ratio	0.000	0.387

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	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	Yes
19	Major customers	No
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 one year three months	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last one year three months	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	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

Unsecured Loan	31.03.2017 (INR in Million)
Sandesh Gupta	0.650
Vishal Gupta	4.973
Total	5.623

INDEX OF CHARGES:

SNo	SRN	Charge Id	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	M05913025	100145553	28/12/2017	-	-	250000000.0	Office No.101 and 102, First Floor, Next Gen Avenue, Behind ICC Trade Tower, Off S. B. Road Pune - 411016, Maharashtra, India

FIXED ASSETS

• Attendance Machine
• Led TV
• Refrigerator
• Induction Cookstop
• Furniture and Fixture
• Computer and Printer

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 64.13
UK Pound	1	INR 89.49
Euro	1	INR 79.43

INFORMATION DETAILS

Information Gathered by :	POJ
Analysis Done by :	VRS
Report Prepared by :	SUJ

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.