MIRA INFORM REPORT

Report No. :	508082
Report Date :	08.05.2018

IDENTIFICATION DETAILS

Name :	FELICITY PROJECTS PRIVATE LIMITED
Registered Office :	F-197-A, Mangal Bazar, Laxmi Nagar, Delhi – 110092
Tel. No.:	91-11-23521330
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	16.08.2013
Com. Reg. No.:	55-256625
Capital Investment / Paid-up Capital :	INR 0.100 Million
CIN No.: [Company Identification No.]	U45400DL2013PTC256625
IEC No.: [Import-Export Code No.]	Not Divulged
PAN No.: [Permanent Account No.]	AACCF2505N
TAN No.: [Tax Deduction & Collection Account No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	07AACCF2505N1ZO
Legal Form :	Private Limited Liability Company
Line of Business :	Developer of real estate (Registered Activity)
No. of Employees :	Not Divulged

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Yet to commence its business operations
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated in the year 2013 and it is engaged in construction activity. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has is yet to commence its business operations. Rating takes into consideration the company’s weak financial risk profile due to eroded net worth and high leveraged balance sheet. Rating is further constrained on account of company’s absence of latest financial information and its presence in highly competitive and huge working capital requirement construction industry. Payments seems to be unknown. In view of aforesaid, the company can be considered for business dealings at fully safe and secured trade terms and conditions.

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 31-03-2018.

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 08.05.2018

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. Hemndra
Designation :	Manager
Contact No.:	91-7742707222
Date :	07.05.2018

LOCATIONS

Registered Office :	F-197-A, Mangal Bazar, Laxmi Nagar, Delhi – 110092, India
Tel. No.:	91-11-23521330
Mobile No.:	91-7742707222 (Mr. Hemndra)
Fax No.:	Not Available
E-Mail :	info_infotech@yahoo.co.in
Website :	http://www.felicityestates.com

DIRECTORS

As on 31.03.2017

Name :

Ashu Mathur

Designation :

Director

Address :

K-49, Kishan Nagarjanpath, Shyam Nagar, Jaipur-302019, Rajasthan, India

Date of Birth/Age :

31.12.1972

Date of Appointment :

16.08.2013

DIN No.:

00220595

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45201DL2006PTC145787	SHREE GOVIND REAL-TECH PRIVATE LIMITED	02/02/2006	-
U32109RJ2010PTC031522	GOVIND TELECOM AND COMMUNICATIONS PRIVATE LIMITED	19/04/2010	-
U45201RJ2010PTC031749	METROMAX INFRASTRUCTURE PRIVATE LIMITED	10/05/2010	-
U45200DL2013PTC256764	FELICITY BUILDWELL PRIVATE LIMITED	21/08/2013	-
AAB-7827	DIVINE BUILDESTATES LLP	24/09/2013	-

Name :

Mr. Gagan Nayyar

Designation :

Additional Director

Address :

H. No. 1, Savitri Nagar Malviya Nagar, New Delhi-110017, India

Date of Appointment :

14.02.2017

DIN No.:

07133794

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U74120DL2008PTC174787	FELICITY ESTATES PRIVATE LIMITED	30/03/2015	-
U45201RJ2010PTC031749	METROMAX INFRASTRUCTURE PRIVATE LIMITED	30/09/2015	-
U45400DL2012PTC236225	NASCENT INFRATECH PRIVATE LIMITED	17/01/2017	-
U45201RJ2012PTC039380	MARIGOLD BUILDTECH PRIVATE LIMITED	30/09/2017	-
U45200DL2012PTC239321	METROMAX INFRATECH PRIVATE LIMITED	02/01/2017	-
U45200DL2012PTC244199	FELICITY CONCEPTS PRIVATE LIMITED	01/11/2016	-
U45200DL2013PTC256764	FELICITY BUILDWELL PRIVATE LIMITED	01/11/2016	-
U45400DL2015PTC283642	METROMAX INFRACON PRIVATE LIMITED	05/08/2015	-
U70109DL2017PTC316150	FELICITY REAL-INFRA PRIVATE LIMITED	17/04/2017	-

KEY EXECUTIVES

Name :	Mr. Hemndra
Designation :	Manager

MAJOR SHAREHOLDERS

As on 31.03.2016

Names of Shareholders	No. of Shares	% of Holding
Ashu Mathur	5000	50.00
Rahul Bhuchar	5000	50.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2016

Category	Percentage
Promoters (Individual/Hindu Undivided Family – Indian)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Developer of real estate (Registered Activity)

Products / Services :

Item Code No.	Products/Services Description
NA	Developer of real estate

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 :	--
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 :

Not Divulged

Bankers :

Banker 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 :	--
Credit Facilities Enjoyed (CC/OD/Term Loan) :	--
Account Operation :	--
Remark :	--

Facilities :

Secured Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
India Bulls Housing Finance Limited (Secured against hypothecation of property)	82.764	0.000
Total	82.764	0.000

Financial Institution :

India Bulls Housing Finance Limited

Auditors :
Name :	G.S Kohli and Company Chartered Accountants
Address :	A R A Centre, E-2, Jhandewalan Extension, Delhi – 110055, India
Income-tax PAN of auditor or auditor's firm :	AAAFG2817K
Memberships :	Not Available
Collaborators :	Not Available
Enterprises owned or significantly influenced by key management personnel or their relatives (As on 31.03.2016) :	· Choice Finlease Private Limited · Dhan Shree Build Project Private Limited · Felicity Buildwell Private Limited · Felicity Estate Private Limited

CAPITAL STRUCTURE

As on 30.09.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 10/- each	INR 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	INR 10/- each	INR 0.100 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	(0.444)	(0.443)	(0.032)
(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)	(0.344)	(0.343)	0.068
(3) Non-Current Liabilities
(a) long-term borrowings	185.254	51.239	0.000
(b) Deferred tax liabilities (Net)	0.001	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)	185.255	51.239	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	179.871	202.380	0.000
(c) Other current liabilities	272.199	126.044	0.311
(d) Short-term provisions	0.000	0.221	0.000
Total Current Liabilities (4)	452.070	328.645	0.311
TOTAL	636.981	379.541	0.379
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.042	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	0.042	0.000	0.000
(2) Current assets
(a) Current investments	509.103	314.961	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	21.950	0.000	0.000
(d) Cash and cash equivalents	2.553	8.416	0.379
(e) Short-term loans and advances	3.083	1.082	0.000
(f) Other current assets	100.250	55.082	0.000
Total Current Assets	636.939	379.541	0.379
TOTAL	636.981	379.541	0.379

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	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
	Other Administrative and Selling expenses	0.000	0.411	0.032
	TOTAL	0.000	0.411	0.032
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	0.000	(0.411)	(0.032)
Less	FINANCIAL EXPENSES	0.000	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.000	(0.411)	(0.032)
Less/ Add	DEPRECIATION/ AMORTISATION	0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX	0.000	(0.411)	(0.032)
Less	TAX	0.001	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(0.001)	(0.411)	(0.032)
	Earnings / (Loss) Per Share (INR)	(0.01)	(4.11)	(0.32)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	NA	NA	NA

KEY RATIOS

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	1.00	1.00	0.82
Debt Equity Ratio (Total Liability / Networth)	(538.53)	(149.38)	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	(1314.16)	(958.15)	4.57
Fixed Assets to Networth (Net Fixed Assets / Networth)	(0.12)	0.00	0.00
Interest Coverage Ratio (PBIT / Financial Charges)	0.00	0.00	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin ((PAT / Sales) * 100)	%	0.00	0.00	0.00
Return on Total Assets ((PAT / Total Assets) * 100)	%	0.00	(0.11)	(8.44)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	0.29	119.83	(47.06)

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	1.41	1.15	1.22
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.41	1.15	1.22
G-Score Ratio Financial (Networth / Total Assets)	0.00	0.00	0.18
G-Score Ratio Debt (Debts / Equity Capital)	1852.54	512.39	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.41	1.15	1.22

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	31.03.2014	31.03.2015	31.03.2016
	INR In Million	INR In Million	INR In Million
Share Capital	0.100	0.100	0.100
Reserves & Surplus	(0.032)	(0.443)	(0.444)
Net worth	0.068	(0.343)	(0.344)
long-term borrowings	0.000	51.239	185.254
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	51.239	185.254
Debt/Equity ratio	0.000	(149.385)	(538.529)

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	Yes
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	No
26]	Turnover of firm for last about two years 8 months	Yes
27]	Reasons for variation <> 20%	--
28]	Estimation for coming financial year	No
29]	Profitability for last about two years 8 months	Yes
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

UNSECURED LOAN

PARTICULAR	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Unsecured loans	102.490	51.239
Total	102.490	51.239

INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY

FIXED ASSETS

• Furniture and Fixture
• Computer

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 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 66.77
UK Pound	1	INR 90.58
Euro	1	INR 79.97

INFORMATION DETAILS

Information Gathered by :	TEJ
Analysis Done by :	VIV
Report Prepared by :	JYTK

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	YES
--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.

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