MIRA INFORM REPORT

Report No. :	497682
Report Date :	20.03.2018

IDENTIFICATION DETAILS

Name :	GAGAN LANDMARKS LLP
Registered Office :	301, 3rd Floor, Marvel Alaina, Lane No. 5, Koregaon Park, Pune - 411001, Maharashtra
Mobile No.:	91-9130068937 (Mr. Dhananjay Bhosale)
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	18.04.2016
Total Obligation of Contribution:	INR 76.679 Million
LLPIN No.:	AAG-1829
IEC No.: [Import-Export Code No.]	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
Legal Form :	Limited Liability Partnership
Line of Business :	To carry on the business of technology and related services (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 219000 INR 15000000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated as a Private Limited Company in the year 2010 with the name of “Gagan Landmarks Private Limited” and later in the year 2016, it got converted into a limited liability partnership firm with the name of “Gagan Landmarks LLP”. The company has not earned income from its operations during the year under the review. The overall financial position of the subject seems to be moderate marked by average debt balance sheet profile and sufficient capital base. Business is active. No payment terms are known. 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 (30.09.2017)	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	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 20.03.2018

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 DECLINED

Name :	Mr. Dhananjay Bhosale
Designation :	Not Divulged
Contact No.:	91-9130068937
Date :	17.03.2018

LOCATIONS

Registered Office :	301, 3rd Floor, Marvel Alaina, Lane No. 5, Koregaon Park, Pune - 411001, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9130068937 (Mr. Dhananjay Bhosale)
Fax No.:	Not Available
E-Mail :	ganrajinfra@gmail.com

PARTNERS

AS ON 2018

Name :

Mr. Rahul Sureshchand Garg

Designation :

Designated Partner

Address :

Flat No. 10, Cozy Mansion, Gidney Park, Salisbury Park, Pune – 411037, Maharashtra, India

Date of Appointment :

18.04.2016

DPIN No.:

01830365

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U14106PN2005PTC021591	MAHALAXMI STONE AND SAND PRIVATE LIMITED	25/11/2005	-
U45200PN2007PTC130517	GANRAJ INFRASTRUCTURE PRIVATE LIMITED	29/09/2010	-
U45200PN2010PTC136782	NIRVANA MULTICON PRIVATE LIMITED	07/09/2017	-
U45209PN2010PTC137248	GAGAN LANDMARKS PRIVATE LIMITED	31/08/2010	-
U74999PN2017PTC171329	RECOMP FITNESS PRIVATE LIMITED	12/12/2017	-

1

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAA-3957	GOEL GANGA SPACE LLP	01/04/2015	03/08/2015
AAA-4354	GANRAJ TOWNSHIP LLP	04/04/2011	-
AAB-0252	G. G. INFRASTRUCTURES & LOGISTICS LLP	31/12/2013	-
AAB-3113	GARNET HOMES LLP	10/01/2013	-
AAC-3581	CITRINE HOMES LLP	09/06/2014	07/07/2015
AAC-3582	ONYX PROMOTERS LLP	09/06/2014	10/11/2016
AAC-3583	JASPER HOMES LLP	09/06/2014	31/08/2016
AAC-3798	TOPAZ HOMES LLP	18/06/2014	-
AAE-8763	GAGAN REALTORS LLP	07/10/2015	-

Name :

Mr. Rohit Sureshchand Garg

Designation :

Designated Partner

Address :

Flat No. 202, Regent Park, CTS 100/30, Salisbery Park Road, Gidney Park, Pune - 411037, Maharashtra, India

Date of Appointment :

18.04.2016

DPIN No.:

03170101

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U45200PN2010PTC136782	NIRVANA MULTICON PRIVATE LIMITED	02/01/2018	-
U45209PN2010PTC137248	GAGAN LANDMARKS PRIVATE LIMITED	31/08/2010	-

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAC-3582	ONYX PROMOTERS LLP	25/08/2016	-
AAC-3798	TOPAZ HOMES LLP	18/06/2014	-
AAE-8763	GAGAN REALTORS LLP	07/10/2015	-
AAI-4309	GAGAN HOUSING AND LANDMARKS LLP	01/02/2017	-
AAJ-2181	GAGAN SHELTERS LLP	20/04/2017	-
AAJ-5001	GAGAN SKYSCRAPERS LLP	25/09/2017	-
AAK-4633	GAGAN GALAXY REALTY LLP	31/08/2017	-
AAK-5690	GAGAN HABITATS LLP	12/09/2017	-
AAK-5691	GAGAN TOWNSHIP LLP	12/09/2017	-

KEY EXECUTIVES

Name :	KPRC and Associates
Designation :	Company Secretary
Address :	1203-05, Kumar Surabhi, Next to Laxminarayan Theatre, Pune –Satara Road, Pune – 411009, Maharashtra, India
Tel No. :	91-20-24421221/2
Email :	office@kprc.co.in
Website:	www.kprc.co.in

CONTRIBUTION DETAILS

Names of Person	Capital Contribution
Sameer Rajanikant Birla	0.020
Rohit Sureshchand Garg	0.040
Rahul Sureshchand Garg	0.040
Total	0.100

BUSINESS DETAILS

Line of Business :	To carry on the business of technology and related services (Registered Activity)
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

• Bhumi Hoses and Industrial Products
• Dhanshree Powercraft Private Limited
• Kamthe Enterprises
• Vishal Infratech
• Gagan Developers
• Synergy Solutions
• Prime Advertising
• India Cables

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	Not Divulged
Branch	--
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)	--

Finance Institution:	Housing Development Finance Corporation Limited, Ramon House 169, Backbay Reclamation H T, Parekh Marg, Mumbai – 400020, Maharashtra, India
Auditors :
Name :	Birla and Company Chartered Accountants
Address :	501, 5^th floor, Arthvishwa Building Lane 5, Koregaon Park, Pune, Mumbai, Maharashtra, India
Tel No.: :	91-20-30461581/30461582
Website:	www.birlaandcompany.com
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

After 2017

Total Obligation Fund

INR 0.100 Million

As on 31.03.2017

Capital account	Mr. Rahul Sureshchand Garg 31.03.2017 (INR in Million)	Mr. Rohit Sureshchand Garg 31.03.2017 (INR in Million)
Opening balance
Add: Net profit for the year
Interest on partners’ capital	4.195	4.118
Partners remuneration	0.150	0.000
Introduced during the year	45.292	37.705
	49.637	41.823
Less: capital Withdrawn
	12.050	2.731
Total	37.587	39.092

FINANCIAL DATA

[all figures are in INR Million]

GAGAN LANDMARKS LLP

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Partners Capital	76.679
(b) Reserves & Surplus	0.000
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	76.679
(3) Non-Current Liabilities
(a) long-term borrowings	99.945
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	52.946
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	152.891
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	2.764
(c) Other current liabilities	42.153
(d) Short-term provisions	4.444
Total Current Liabilities (4)	49.361
TOTAL	278.931
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.472
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	21.908
(e) Other Non-current assets	0.596
Total Non-Current Assets	22.976
(2) Current assets
(a) Current investments	0.000
(b) Inventories	80.136
(c) Trade receivables	0.000
(d) Cash and cash equivalents	3.762
(e) Short-term loans and advances	0.000
(f) Other current assets	172.057
Total Current Assets	255.955
TOTAL	278.931

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017
	SALES
	Income	0.000
	Other Income	0.000
	TOTAL	0.000
Less	EXPENSES
	Purchases	1.275
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(80.136)
	Direct Expenses	28.599
	Indirect Expenses	32.979
	Remuneration to partner	0.150
	Interest on partner capital	8.314
	TOTAL	(8.819)
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	8.819
Less	FINANCIAL EXPENSES	8.685
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.134
Less/ Add	DEPRECIATION/ AMORTISATION	0.134
	PROFIT/ (LOSS) BEFORE TAX	0.000
Less	TAX	0.000
	PROFIT/ (LOSS) AFTER TAX	0.000

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017
Average Collection Days (Sundry Debtors / Income * 365 Days)	0.00
Account Receivables Turnover (Income / Sundry Debtors)	0.00
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	791.26
Inventory Turnover (Operating Income / Inventories)	0.11
Asset Turnover (Operating Income / Net Fixed Assets)	18.68

LEVERAGE RATIOS

PARTICULARS	31.03.2017
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.54
Debt Equity Ratio (Total Liability / Networth)	1.30
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.64
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.01
Interest Coverage Ratio (PBIT / Financial Charges)	1.02

PROFITABILITY RATIOS

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

SOLVENCY RATIOS

PARTICULARS	31.03.2017
Current Ratio (Current Assets / Current Liabilities)	5.19
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	3.56
G-Score Ratio Financial (Networth / Total Assets)	0.27
G-Score Ratio Debt (Debts / Equity Capital)	1.30
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	5.19

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

GAGAN LANDMARKS PRIVATE LIMITED

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	(0.061)	0.166
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	0.039	0.266
(3) Non-Current Liabilities
(a) long-term borrowings	0.460	12.738
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.460	12.738
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	0.000	0.000
(c) Other current liabilities	0.148	0.000
(d) Short-term provisions	0.115	0.114
Total Current Liabilities (4)	0.263	0.114
TOTAL	0.762	13.118
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.110	0.162
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	0.110	0.162
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.112	12.416
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	0.540	0.540
Total Current Assets	0.652	12.956
TOTAL	0.762	13.118

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015
	SALES
	Income	0.000	0.314
	Other Income	0.000	0.000
	TOTAL	0.000	0.314
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000
	Other expenses	0.172	0.253
	TOTAL	0.172	0.253
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(0.172)	0.061
Less	FINANCIAL EXPENSES	0.002	0.226
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(0.174)	(0.165)
Less/ Add	DEPRECIATION/ AMORTISATION	0.052	0.074
	PROFIT/ (LOSS) BEFORE TAX	(0.226)	(0.239)
Less	TAX	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(0.226)	(0.239)
	Earnings / (Loss) Per Share (INR)	(22.65)	(23.91)

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	No
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	No
21]	Banking facility details	No
22]	Conduct of the banking account	No
23]	Financials, if provided	Yes
24]	Capital in the business	Yes
25]	Last accounts filed at ROC, if applicable	No
26]	Turnover of firm for last about 11 months	Yes
27]	Reasons for variation <> 20%	--
28]	Estimation for coming financial year	No
29]	Profitability for last about 11 months	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

PARTICULAR	31.03.2017 (INR in Million)
Long-term Borrowings
Capri Global Capital Limited	99.945
Total	99.945

FIXED ASSETS

• Automatic Level Stand machine
• Biometric Machine
• Computer Software
• Furniture and Fixture
• Genset
• Site Sales office furniture

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	M05186754	100129850	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	07/08/2017	-	-	350000000.0	RAMON HOUSE 169BACKBAY RECLAMATION H T PAREKH MARG MUMBAI CITY - 400020 MAHARASHTRA INDIA

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 64.87
UK Pound	1	INR 90.48
Euro	1	INR 79.91

INFORMATION DETAILS

Information Gathered by :	KAM
Analysis Done by :	NYT
Report Prepared by :	RKI

SCORE FACTORS

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