MIRA INFORM REPORT

3decades

MIRA INFORM REPORT

Report No. :	498255
Report Date :	21.03.2018

IDENTIFICATION DETAILS

Name :	SIDDHARTH REAL VENTURES LIMITED LIABILITY PARTNERSHIP

Registered Office :	501, 5th Floor, Eden Hall, Opposite Om Super Market, Model Colony, Pune – 411016, Maharashtra
Mobile No.:	91-8308812019 (Mr. Bhushan)

Country :	India

Financials (as on) :	31.03.2017

Date of Establishment :	11.02.2014

Obligation of contribution:	INR 0.100 Million

LLPIN :	AAC-0740

IEC No.: [Import-Export Code No.]	Not Divulged

TIN No.:	Not Available

GSTN : [Goods & Service Tax Registration No.]	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 is engaged in providing real estate services. (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 :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

Payment Behaviour :	Slow

Litigation :	Clear

Comments :	Subject is a limited liability partnership firm established in the year 2014. It is engaged in providing real estate services. Mr. Bhushan (Designation not divulged) has denied to provide any information about the subject. Moderate financial profile of the firm is marked by average capital base. However, as per information gathered from other sources for the financial year 2016, the revenue of the firm has decreased by 17.22% but has managed to maintain average profit margin of 2.30%. Payment seems to be slow. In view of aforesaid, the firm can be considered for business dealings with some caution. Note: As a Networth of the company is negative, we are unable to recommend any credit limit for the subject.

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

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	CRISIL
Rating	Long Term = BBB-
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	22.08.2017

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 31-03-201.

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 21.03.2018

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 PARTED BY

Name :	Mr. Bhushan
Contact No.:	91-8308812019
Date :	20.03.2018

LOCATIONS

Registered Office :	501, 5th Floor, Eden Hall, Opposite Om Super Market, Model Colony, Pune – 411016, India
Tel. No.:	Not Available
Mobile No.:	91-8308812019 (Mr. Bhushan)
Fax No.:	Not Available
E-Mail :	yatin.bahirat@saarrthigroup.com

PARTNERS

AS ON 31.03.2017

Name :

Mr. Shende Nilesh Vasant

Designation :

Designated Partner

Address :

501, 5th Floor, Eden Hall, Opposite Om Super Market, Model Colony, Pune – 411016, India

Date of Birth/Age :

08.09.1981

Date of Appointment :

11.02.2014

DPIN:

00855079

Other Directorship:

CIN/FCRN	COMPANY NAME	BEGIN DATE	END DATE
U45203PN2006PTC129350	PENNON INFRASTRUCTURE PRIVATE LIMITED	22/12/2006	-
U45400MH2011PTC211731	VIVA SAARRTHI INFRATECH PRIVATE LIMITED	03/01/2011	-

Name :

Mr. Shende Swapneel Shashikant

Designation :

Designated Partner

Address :

Flat No - 404, Abhinav Residency,S.N.-208, Range Hills Road, Shivajinager, Pune – 411007, Maharashtra, India

Date of Birth/Age :

01.10.1984

Date of Appointment :

11.02.2014

DPIN:

00855109

Other Directorship:

CIN/FCRN	COMPANY NAME	BEGIN DATE	END DATE
U45203PN2006PTC129350	PENNON INFRASTRUCTURE PRIVATE LIMITED	22/12/2006	-
U45400MH2011PTC211731	VIVA SAARRTHI INFRATECH PRIVATE LIMITED	03/01/2011	-
U45400MH2012PTC227268	SERENE REALTY PRIVATE LIMITED	21/02/2012	-

Name :

Mr. Shende Yogesh Ramesh

Designation :

Designated Partner

Address :

503,Abhinav Residency, Sinchan Nagar, Pune – 411007, Maharashtra, India

Date of Birth/Age :

20.08.1980

Date of Appointment :

11.02.2014

DPIN:

00855133

Other Directorship:

CIN/FCRN	COMPANY NAME	BEGIN DATE	END DATE
U70102PN2006PTC021842	CAPITAL PROPERTIES AND DEVELOPMENTS PRIVATE LIMITED	11/04/2008	-
U45203PN2006PTC129350	PENNON INFRASTRUCTURE PRIVATE LIMITED	22/12/2006	-
U70109PN2010PTC136651	SAARRTHI LANDMARKS INDIA PRIVATE LIMITED	21/06/2010	-
U45400MH2011PTC211731	VIVA SAARRTHI INFRATECH PRIVATE LIMITED	03/01/2011	-

Name :

Mr. Shende Abhijeet Vasant

Designation :

Designated Partner

Address :

Cst No -1058/B-C, F.P. 452, Near Om Super Market Model Colony, Shivaji Nagar, Pune – 411016, Maharashtra, India

Date of Birth/Age :

02.08.1979

Date of Appointment :

11.02.2014

DPIN:

01646166

Other Directorship:

CIN/FCRN	COMPANY NAME	BEGIN DATE	END DATE
U70109PN2010PTC136651	SAARRTHI LANDMARKS INDIA PRIVATE LIMITED	21/06/2010	-
U45400MH2011PTC211731	VIVA SAARRTHI INFRATECH PRIVATE LIMITED	03/01/2011	-
U45400MH2012PTC227268	SERENE REALTY PRIVATE LIMITED	21/02/2012	-

Name :

Mr. Mundhe Vijaykumar Janardhan

Designation :

Designated Partner

Address :

B 32, Niligiri Heights Shivaji Housing Society, Senapati Bapat Road, Pune – 411016, Maharashtra, India

Date of Appointment :

20.02.2016

DPIN:

02303359

CONTRIBUTION DETAILS

AS ON 31.03.2017

Names of Persons	INR in Million
Abhijeet Vasant Shende	0.025
Yogesh Ramesh Shende	0.025
Swapneel Shashikant Shende	0.025
Nilesh Vasant Shende	0.025
Total	0.100

BUSINESS DETAILS

Line of Business :	Subject is engaged in providing real estate services. (Registered Activity)

Products :	Not Available

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	ICICI Bank Limited
Branch Address	Landmarkrace Cource Circle Alkapuri, Baroda Vadodara – 390015, Gujarat, India
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)	--

Auditors :	Not Divulged

Memberships :	Not Available

Collaborators :	Not Available

Sister Concern :	--

CONTRIBUTION

AS ON 31.03.2017

Total Obligation of contribution

INR 0.100 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Partners Fund	0.100	0.100	0.100
(b) Partners Current Capital	(0.198)	0.002	(0.023)
(c) Money received against share warrants	0.000	0.000	0.000

(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	(0.098)	0.102	0.077

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	0.000

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	2.727	0.239	2.352
(c) Other current liabilities	32.645	17.783	0.412
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	35.372	18.022	2.764

TOTAL	35.274	18.124	2.841

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.000	0.000	0.000

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	32.483	14.480	1.159
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	0.001	0.857	0.279
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	2.790	2.787	1.403
Total Current Assets	35.274	18.124	2.841

TOTAL	35.274	18.124	2.841

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	0.000	0.000	0.000
	Other Income	0.000	0.000	0.000
	TOTAL	0.000	0.000	0.000

Less	EXPENSES
	Purchases of Stock-in-Trade	6.005	0.594	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(18.003)	(13.321)	(1.159)
	personal expences	0.812	0.099	0.000
	Other expenses	11.186	12.628	1.159
	TOTAL	0.000	0.000	0.000

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	0.000	0.000	0.000

Less	FINANCIAL EXPENSES	0.000	0.000	0.000

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.000	0.000	0.000

Less/ Add	DEPRECIATION/ AMORTISATION	0.000	0.000	0.000

	PROFIT/ (LOSS) BEFORE TAX	0.000	0.000	0.000

Less	TAX	0.000	0.000	0.000

	NET PROFIT	0.000	0.000	0.000

Particular	Unit	31.03.2016	31.03.2015
Revenue	INR in Million	1412.100	1584.300
Profit After Tax	INR in Million	32.500	31.900
PAT Margin	%	23.000	20.000

Note: Above information has been taken from indirect source i.e “CRISIL.”

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015

Average Payment Days (Sundry Creditors / Purchases 365 Days)*	165.75	146.86	0.00

Inventory Turnover (Operating Income / Inventories)	0.00	0.00	0.00

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	1.00	0.99	0.97

Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.00

Current Liabilities to Networth (Current Liabilities / Net Worth)	(360.94)	176.69	35.90

Fixed Assets to Networth (Net Fixed Assets / Networth)	0.00	0.00	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015

Return on Total Assets ((PAT / Total Assets) 100)*	%	0.00	0.00	0.00

Return on Investment (ROI) ((PAT / Networth) 100)*	%	0.00	0.00	0.00

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.00	1.01	1.03

Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.08	0.20	0.61

G-Score Ratio Financial (Networth / Total Assets)	0.00	0.01	0.03

G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	0.00

G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.00	1.01	1.03

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	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Partners Fund	0.100	0.100	0.100
Partners Current Capital	(0.023)	0.002	(0.198)
Net worth	0.077	0.102	(0.098)

Secured Loans	0.000	0.000	0.000
Unsecured Loans	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

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	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	No
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	No
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last three years	No
30	Major shareholders, if available	No
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

INDEX OF CHARGE:

SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	M05054275	100126836	L&T HOUSING FINANCE LIMITED	06/10/2017	-	-	100000000.0	BRINDAVAN, PLOT NO. 177, C.S.T ROAD, KALINA, SANTACRUZ (EAST) MUMBAI MH 400098 IN
2	M05030234	100021307	ICICI BANK LIMITED	18/04/2016	-	03/10/2017	50000000.0	LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA VADODARA GJ 390015 IN

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 65.19
UK Pound	1	INR 91.49
Euro	1	INR 80.46

INFORMATION DETAILS

Information Gathered by :	GAY

Analysis Done by :	VAR

Report Prepared by :	NKTS

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.