MIRA INFORM REPORT

Report No. :	508076
Report Date :	08.05.2018

IDENTIFICATION DETAILS

Name :	LOTUS GREENS DEVELOPERS PRIVATE LIMITED
Registered Office :	Flat No. 14, Ground Floor, Pul Pehlad Pur Dda Mig Suraj Apartment, New Delhi- 110044
Tel No.:	91-120-4847700
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	01.03.2013
Com. Reg. No.:	55-248916
Capital Investment / Paid-up Capital :	INR 0.100 Million
CIN No.: [Company Identification No.]	U70109DL2013PTC248916
IEC No.: [Import-Export Code No.]	Not Divulged
PAN No.: [Permanent Account No.]	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of colonisation and real estate development. (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 :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject was incorporated in the year 2013. It is engaged in Real Estate Development business. As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to financial for the year 31.03.2017,2016,2015 are not available from any sources. Mr. Saurabh Singh (Designation not Divulged) has denied to provide any information about the subject to us. As per the available financial of 2014, the company has not earned any revenue from its operations. The moderate financial profile of the company is reflected by negative networth base along with negligible debt level. Rating is constrained on account of highly competitive Real estate industry. Payment seems to be unknown. In view of aforesaid, the company can be considered for business dealings on safe and secured trade terms and conditions. Note: The correct name of the company is “Lotus Green Developers Private Limited”.

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. Saurabh Singh
Designation :	Not Divulged
Contact No.:	91-120-4847700
Date :	05.05.2018

Tel No.: 91-11-23890505 – does not belongs to subject

LOCATIONS

Registered Office :	Flat No. 14, Ground Floor, Pul Pehlad Pur Dda Mig Suraj Apartment, New Delhi- 110044, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	lotusrocrecords@gmail.com
Website :	www.lotusgreens.in
Corporate Office :	Lotus Business Park, Level 7 Tower B, Plot No. 8, Sector – 127, Noida Expressway, Noida-201304, Uttar Pradesh, India
Tel No.:	91-120-4847700
E-Mail :	info@lotusgreens.in
Gurgaon Office :	1st Floor, Vatika Triangle Sushant Lok I, Phase I Block A, M.G. Road Gurgaon - 122002, Haryana, India
Tel No.:	91-124-4919150

DIRECTORS

As on 2018

Name :	Mr. Deshabandhu Rajesh Srikanta
Designation :	Director
Address :	B-5/81, Vasundhara Enclave, Delux Apartments, Delhi-110096, India
Date of Appointment :	05.07.2016
DIN No. :	07306888
Name :	Mr. Kalyan Kumar Kanji
Designation :	Director
Address :	C-47,2nd Floor, Parsvnath Paradise, Near M M X Mall, J P Garden Estate, Mohan Nagar, Ghaziabad-201007, Uttar Pradesh, India
Date of Appointment :	16.05.2017
DIN No. :	07758254

KEY EXECUTIVES

Name :	Mr. Akhil Aggarwal
Designation :	Secretary
Address :	Flat No 504, Elsa Tower, Omaxe Heights, Sec-86, Kheri Kalan(113), Faridabad-121002, Haryana, India
Date of Birth/Age :	07.04.1976
Date of Appointment :	21.11.2013
PAN No.:	AFLPA9193C

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Lotus Greens LLP, India	9999
Nirmal Singh (as a nominee of Lotus Greens LLP)	1
Total	10000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of colonisation and real estate development. (Registered Activity)
Products/ Services :	Real Estate Development
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 (From Indirect Sources) :

• Hewitt
• Alstom
• Intellevate
• Lextronics
• Nokia Siemens Network
• Telesoft
• Sapient
• Philips
• Perot Systems
• Fiserv
• Adobe
• Max Healthcare
• Patni
• Infogain
• Accenture
• Max
• EXL
• Mc Graw Hill
• Wipro
• ACS
• CPA Global
• Videocon
• Ericsson
• Global Logic

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 :	--

Auditors :
Name :	Gupta Vijay K and Company Chartered Accountants
Address :	106, 1st Floor, G-83, Laxmi Nagar, Delhi – 110092, India
Tel. No.:	91-11-43021889
Income-tax PAN of auditor or auditor's firm :	AGZPG1497N
Memberships :	--
Collaborators :	--
Holding Company (As on 31.03.2014) :	Lotus Greens LLP
Fellow Subsidiary (As on 31.03.2014) :	· Bright Buildetech Private Limited · Three C Town Planners Private Limited
Entities over which key management personnel are able to exercise significant influence and with whom transactions has taken place during the year (As on 31.03.2014) :	· NS Global Private Limited · Sona Polyesters Private Limited · Arena Superstructure Private Limited · Three C Properties Private Limited · Three C Universal Developers Private Limited

CAPITAL STRUCTURE

As on 30.09.2014

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 in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100
(b) Reserves & Surplus	(16.681)	(0.011)
(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)	(16.581)	0.089
(3) Non-Current Liabilities
(a) long-term borrowings	280.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	1.533	0.000
Total Non-current Liabilities (3)	281.533	0.000
(4) Current Liabilities
(a) Short term borrowings	81.500	0.000
(b) Trade payables	17.209	0.000
(c) Other current liabilities	28.625	0.006
(d) Short-term provisions	0.130	0.000
Total Current Liabilities (4)	127.464	0.006
TOTAL	392.416	0.095
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	122.528	0.000
(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)	5.843	0.000
(d) Long-term Loan and Advances	4.068	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	132.439	0.000
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	58.084	0.000
(d) Cash and cash equivalents	10.018	0.050
(e) Short-term loans and advances	191.875	0.035
(f) Other current assets	0.000	0.010
Total Current Assets	259.977	0.095
TOTAL	392.416	0.095

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013
	SALES
		Income	NA	NA
		Other Income	NA	NA
		TOTAL	NA	NA
Less	EXPENSES
		TOTAL	NA	NA
	PROFIT/ (LOSS) BEFORE TAX		NA	NA
Less	TAX		NA	NA
	PROFIT/ (LOSS) AFTER TAX		(16.670)	(0.011)
	Earnings / (Loss) Per Share (INR)		(1667.00)	(1.10)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA
Cash generated from operations	(48.769)	(0.050)
Net cash flows from (used in) operation	(68.453)	(0.050)

KEY RATIOS

LEVERAGE RATIOS

PARTICULARS	31.03.2014	31.03.2013
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	1.04	0.06
Debt Equity Ratio (Total Liability / Networth)	(21.80)	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	(7.69)	0.07
Fixed Assets to Networth (Net Fixed Assets / Networth)	(7.39)	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2014	31.03.2013
Return on Total Assets ((PAT / Total Assets) * 100)	%	(4.25)	(11.58)
Return on Investment (ROI) ((PAT / Networth) * 100)	%	100.54	(12.36)

SOLVENCY RATIOS

PARTICULARS	31.03.2014	31.03.2013
Current Ratio (Current Assets / Current Liabilities)	2.04	15.83
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	2.04	15.83
G-Score Ratio Financial (Networth / Total Assets)	(0.04)	0.94
G-Score Ratio Debt (Debts / Equity Capital)	3615.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	2.04	15.83

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	31.03.2013	31.03.2014
	(INR In Million)	(INR In Million)
Share Capital	0.100	0.100
Reserves & Surplus	(0.011)	(16.681)
Money received against share warrants	0.000	0.000
Share Application money pending allotment	0.000	0.000
Net worth	0.089	(16.581)
long-term borrowings	0.000	280.000
Short term borrowings	0.000	81.500
Total borrowings	0.000	361.500
Debt/Equity ratio	0.000	(21.802)

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	Yes
18]	Major suppliers	No
19]	Major customers	Yes
20]	Banking Details	No
21]	Banking facility details	No
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	No
27]	Reasons for variation <> 20%	--
28]	Estimation for coming financial year	No
29]	Profitability for about one year and one month	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

Particulars	31.03.2014 (INR in Million)	31.03.2013 (INR in Million)
Long-term Borrowings
Loans and advances from related parties	280.000	0.000
Short-term Borrowings
Loans and advances from related parties	45.000	0.000
Others	36.500	0.000
Total	361.500	0.000

INDEX OF CHARGES NO CHARGES EXISTS FOR COMPANY

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 66.77
UK Pound	1	INR 90.58
Euro	1	INR 79.97

INFORMATION DETAILS

Information Gathered by :	AKS
Analysis Done by :	VAR
Report Prepared by :	JYTK

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	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.