MIRA INFORM REPORT

Report No. :	507820
Report Date :	08.05.2018

IDENTIFICATION DETAILS

Name :	PURANIK BUILDERS PRIVATE LIMITED
Registered Office :	Puranik One, Near Kanchanpushpa Complex, Opposite Suraj Water Park, Kavesar, Ghodbunder Road, Thane (West), Thane – 400615, Maharashtra
Mob. No.:	91-22-25988888
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	08.05.1990
Com. Reg. No.:	11-056451
Capital Investment / Paid-up Capital :	INR 666.482 Million
CIN No.: [Company Identification No.]	U99999MH1990PTC056451
IEC No.: [Import-Export Code No.]	0307081095
TAN No.: [Tax Deduction & Collection Account No.]	PNEP08029A
GSTN : [Goods & Service Tax Registration No.]	27AABCP0109R1Z9
TIN No.:	Not Divulged
PAN No.: [Permanent Account No.]	AABCP0109R
Legal Form :	Private Limited Liability Company.
Line of Business :	Subject is engaged in the business of real estate’s development. [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 :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Maximum Credit Limit :	USD 3800000
Status :	Good
Payment Behaviour :	Slow
Litigation :	Exist
Comments :	Subject was incorporated in the year 1990 and is engaged in real estate business. As per the financial of 2017, the company has achieved massive growth in its revenue as compared to the previous year but has reported a low profit margin of 0.87%. The sound financial risk profile of the company is marked by adequate net worth base along with slightly high debt balance sheet profile. Rating continues to derive strength from the proven track record of the promoters, established brand image of subject in Thane region, asset light model of operations, and receipt of necessary approvals for all of its ongoing projects. The rating strength is partially offset by high dependence on customer advances, geographical concentration of projects and cyclical nature of the real estate industry. Payment seems to be slow. In view of aforesaid, the company can be considered for business dealings at usual 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	CARE RATING
Rating	Long Term Bank Facilities = BBB+
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	07.04.2018

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 :	Ms. Priyanka
Designation :	Accounts Executive
Contact No.:	91-22-25988888
Date :	07.05.2018

LOCATIONS

Registered Office :	Puranik One, Near Kanchan Pushpa Complex, Opposite Suraj Water Park, Kavesar, Ghodbunder Road, Thane (West), Thane – 400615, Maharashtra, India
Tel. No.:	91-22-25988888
Fax No.:	Not Available
E-Mail :	dipak.sharma@puraniks.in info@puraniks.in
Website :	www.puranikbuilders.com
Site Address:	Banashree Co-operative Housing Society Limited, 101/102, Model Colony, Shivaji Nagar, Pune - 411016, Maharashtra, India.

DIRECTORS

As on 31.03.2017

Name :

Mr. Shailesh Gopal Puranik

Designation :

Managing Director

Address :

2/171, Tarangan II, Adjoini, Cadbury Compound, Pokharan, Thane - 400602, Maharashtra, India

Date of Birth/Age :

01.07.1970

Date of Appointment :

01.04.2015

Qualification:

Barch Bombay

PAN No.:

AASPP1054D

DIN No.:

00097987

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U55200MH1998PTC117512	PURANIK CONSTRUCTIONS PRIVATE LIMITED	17/12/1998	-
U45400MH2007PTC170399	PURANIK BUILDCON PRIVATE LIMITED	27/03/2017	-
U85100MH2009PTC192133	MNS CLINICS PRIVATE LIMITED	29/04/2009	-
U85190MH2011PTC213368	INSTA SCULPT CLINICS PRIVATE LIMITED	12/02/2011	-
U45201MH2011PTC215773	SYNS BUILDERS PRIVATE LIMITED	05/04/2011	-
U45400MH2011PTC216387	SHP REAL ESTATES PRIVATE LIMITED	18/04/2011	-
U45202MH2011PTC216339	NRP REAL ESTATES PRIVATE LIMITED	15/04/2011	-
U45400MH2011PTC216374	S.G.P REAL ESTATES PRIVATE LIMITED	18/04/2011	-
U45400MH2011PTC216390	Y.G.P REALITIES PRIVATE LIMITED	18/04/2011	-
U45400MH2012PTC232897	FORTUNE INFRACREATORS PRIVATE LIMITED	22/09/2015	-
U45400MH2015PTC261197	PURANIK HOMES PRIVATE LIMITED	21/01/2015	-
U45201MH2015PTC263927	PURANIK BUILDWELL PRIVATE LIMITED	29/04/2015	-
U74900MH2016PTC274113	MAHAVATAR BABAJI ENTERTAINMENT PRIVATE LIMITED	09/03/2016	-

Name :

Mr. Shrikant Govind Puranik

Designation :

Whole-Time Director

Address :

2/142, Tarangan Near Cadbury Compound, Pokharan, Thane - 400602, Maharashtra, India

Date of Birth/Age :

20.08.1964

Date of Appointment :

01.04.2015

Qualification:

B. Com

PAN No.:

AASPP1066D

DIN No.:

00098024

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U55200MH1998PTC117512	PURANIK CONSTRUCTIONS PRIVATE LIMITED	17/12/1998	-
U45400MH2007PTC170399	PURANIK BUILDCON PRIVATE LIMITED	30/09/2013	-
U45201MH2011PTC215773	SYNS BUILDERS PRIVATE LIMITED	05/04/2011	-
U45400MH2011PTC216387	SHP REAL ESTATES PRIVATE LIMITED	18/04/2011	-
U45202MH2011PTC216339	NRP REAL ESTATES PRIVATE LIMITED	15/04/2011	-
U45400MH2011PTC216374	S.G.P REAL ESTATES PRIVATE LIMITED	18/04/2011	-
U45400MH2011PTC216390	Y.G.P REALITIES PRIVATE LIMITED	18/04/2011	-
U45400MH2012PTC232897	FORTUNE INFRACREATORS PRIVATE LIMITED	22/09/2015	-
U45201MH2015PTC263927	PURANIK BUILDWELL PRIVATE LIMITED	29/04/2015	-

Name :

Mr. Yogesh Govind Puranik

Designation :

Whole-Time Director

Address :

2/141, Tarangan II, Adjoini, Cadbury Compound, Pokharan, Thane - 400602, Maharashtra, India

Date of Birth/Age :

06.07.1971

Date of Appointment :

01.04.2015

Qualification:

B. Com

PAN No.:

AASPP1060F

DIN No.:

00098063

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U55200MH1998PTC117512	PURANIK CONSTRUCTIONS PRIVATE LIMITED	17/12/1998	-
U45400MH2007PTC170399	PURANIK BUILDCON PRIVATE LIMITED	27/03/2017	-
U45201MH2011PTC215773	SYNS BUILDERS PRIVATE LIMITED	05/04/2011	-
U45400MH2011PTC216387	SHP REAL ESTATES PRIVATE LIMITED	18/04/2011	-
U45202MH2011PTC216339	NRP REAL ESTATES PRIVATE LIMITED	15/04/2011	-
U45400MH2011PTC216374	S.G.P REAL ESTATES PRIVATE LIMITED	18/04/2011	-
U45400MH2011PTC216390	Y.G.P REALITIES PRIVATE LIMITED	18/04/2011	-
U45400MH2012PTC232897	FORTUNE INFRACREATORS PRIVATE LIMITED	22/09/2015	-
U45201MH2015PTC263927	PURANIK BUILDWELL PRIVATE LIMITED	29/04/2015	-

Name :

Mr. Nilesh Ravindra Puranik

Designation :

Whole-Time Director

Address :

2/72-82, Tarangan II, Adjoi, Cadbury Compound, Pokharan, Thane - 400602, Maharashtra, India

Date of Birth/Age :

25.05.1970

Date of Appointment :

01.04.2015

Qualification:

Civil Engineer

PAN No.:

AASPP1067C

DIN No.:

00098105

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U55200MH1998PTC117512	PURANIK CONSTRUCTIONS PRIVATE LIMITED	17/12/1998	-
U45400MH2007PTC170399	PURANIK BUILDCON PRIVATE LIMITED	30/09/2013	-
U45201MH2011PTC215773	SYNS BUILDERS PRIVATE LIMITED	05/04/2011	-
U45400MH2011PTC216387	SHP REAL ESTATES PRIVATE LIMITED	18/04/2011	-
U45202MH2011PTC216339	NRP REAL ESTATES PRIVATE LIMITED	15/04/2011	-
U45400MH2011PTC216374	S.G.P REAL ESTATES PRIVATE LIMITED	18/04/2011	-
U45400MH2011PTC216390	Y.G.P REALITIES PRIVATE LIMITED	18/04/2011	-
U45400MH2012PTC232897	FORTUNE INFRACREATORS PRIVATE LIMITED	22/09/2015	-
U45201MH2015PTC263927	PURANIK BUILDWELL PRIVATE LIMITED	29/04/2015	-

KEY EXECUTIVES

Name :	Mr. Shivang Ghanshyam Goyal
Designation :	Company Secretary
Address :	A-8/104, Mansarovar, Fena Pada Road, Bhiwandi, Thane-421302, Maharashtra, India
Date of Appointment :	17.12.2016
PAN No.:	BDJPG1698B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares
Gopal Damodar Puranik	593880
Ravindra Damodar Puranik	592410
Shailesh Gopal Puranik	19790520
Shrikant Govind Puranik	8601849
Yogesh Govind Puranik	8600379
Nilesh Ravindra Puranik	19469169
Total	57648207

Names of Preference Shareholders	No. of Shares
Puranik Construction Private Limited	9000000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2017

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	97.94
Public – (Individual/ Hindu Undivided Family – Indian)	2.06
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of real estate’s development. [Registered Activity]

Products :

Item Code No.	Product Description
6810	Real Estate

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

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 :

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)	--

Facilities :

Secured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Other loans and advances	1971.727	2471.715
Foreign currency term loans from banks	2132.798	999.013
Total	4104.525	3470.728

Auditors :
Name :	VMD and Company Chartered Accountants
Address :	AVMS Premises, 4th Floor, Shree Niwas House – II, 27, Hazarimnal, Somani Marg, Mumbai – 400001, Maharashtra, India
PAN No.:	AAEFV6339P
Memberships :	Not Available
Collaborators :	Not Available
Subsidiaries :	Puranik Buildcon Private Limited (U45400MH2007PTC170399) SYNS Builders Private Limited (U45201MH2011PTC215773) Shree Riddhi Siddhi Vinayak Developers Private Limited (U70101MH2003PTC142509) Puranik Buildwell Private Limited (U45201MH2015PTC263927) Fortune Infracreators Private Limited (U45400MH2012PTC232897)
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives	Puranik Constructions Private Limited (U55200MH1998PTC117512) Shubham Advtertising Vastushilp Associates (Proprietor Trupti Puranik) Swapnadhara Project Private Limited Tristar Exports The Vivekananad Housing Corporation MNS Clinics Private Limited MNS Associates Puranik Homes Private Limited (U45400MH2015PTC261197) Puranik Megatowns Puranik-Supreme Enterprises Sai Shradha Developers Sai Pushp Enterprises Annapurna Life Spaces LLP Kaushalya Real Estates Maitrey Builders and Developers Prakalpan Services Rachandhar Services

CAPITAL STRUCTURE

After 31.03.2017

Authorised Capital : INR 1150.000 Million

Issued, Subscribed & Paid-up Capital : INR 666.482 Million

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
66000000	Equity Shares	INR 10/- each	INR 660.000 Million
9000000	Preference Shares	INR 10/- each	INR 90.000 Million
	Total		INR 750.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
57648207	Equity Shares	INR 10/- each	INR 576.482 Million
9000000	Preference Shares	INR 10/- each	INR 90.000 Million
	Total		INR 666.482 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	666.482	282.161	253.859
(b) Reserves and Surplus	697.083	992.771	757.802
(c) Money received against share warrants	0.000	0.000	0.000
(d) Minority interest	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1363.565	1274.932	1011.661
(3) Non-Current Liabilities
(a) long-term borrowings	4104.525	3470.728	2216.835
(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)	4104.525	3470.728	2216.835
(4) Current Liabilities
(a) Short-term borrowings	0.000	0.000	0.000
(b) Trade payables	348.086	383.490	219.726
(c) Other current liabilities	2734.912	2460.390	1895.463
(d) Short-term provisions	36.455	70.035	44.257
Total Current Liabilities (4)	3119.453	2913.915	2159.446
TOTAL	8587.543	7659.575	5387.942
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	52.668	36.408	34.793
(ii) Intangible Assets	1.838	1.680	1.575
(iii) Tangible assets 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	477.938	637.938	636.338
(c) Deferred tax assets (net)	3.876	0.602	0.317
(d) Long-term loans and advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	536.320	676.628	673.023
(2) Current assets
(a) Current investments	47.665	238.752	90.973
(b) Inventories	5942.480	4526.840	3595.008
(c) Trade receivables	966.980	757.730	454.765
(d) Cash and bank balances	280.782	511.311	212.430
(e) Short-term loans and advances	799.724	937.072	354.561
(f) Other current assets	13.592	11.242	7.182
Total Current Assets	8051.223	6982.947	4714.919
TOTAL	8587.543	7659.575	5387.942

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Total Revenue from operations	1323.142	1811.238	1835.331
	Other Income	95.874	50.955	87.548
	TOTAL	1419.016	1862.193	1922.879
Less	EXPENSES
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.000	0.000	1684.199
	Other expenses	1242.003	1639.783	7.895
	TOTAL	1242.003	1639.783	1692.094
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	177.013	222.410	230.785
Less	FINANCIAL EXPENSES	0.000	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	177.013	222.410	230.785
Less	DEPRECIATION/ AMORTISATION	6.321	5.979	9.594
	PROFIT/ (LOSS) BEFORE TAX	170.692	216.431	221.191
Less	TAX	55.826	74.616	75.466
	PROFIT/ (LOSS) AFTER TAX	114.866	141.815	145.725
	Earnings / (Loss) Per Share (INR)	1.723	5.026	5.165

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	568.313	583.008	404.779
Net cash flows from (used in) operations	(277.847)	(564.271)	(914.949)
Net cash flows from (used in) operating activities	(368.214)	(632.516)	(914.949)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days [Sundry Debtors / Income * 365]	266.75	152.70	90.44
Account Receivables Turnover [Income / Sunday Debtors]	1.37	2.39	4.04
Average Payment Days [Sundry Creditors / Purchases * 365]	0.00	0.00	0.00
Inventory Turnover [Operating Income / Inventories]	0.03	0.05	0.06
Asset Turnover [Operating Income / Net Fixed Assets]	3.25	5.84	6.35

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets]	0.91	0.91	0.89
Debt Equity Ratio (Borrowings / NetWorth)	3.43	3.18	2.59
Current Liabilities to Networth (Current Liabilities / NetWorth)	2.29	2.29	2.13
Fixed Assets to NetWorth (Net Fixed Assets / NetWorth)	0.04	0.03	0.04
Interest Coverage Ratio [PBIT / Financial Charges]	0.00	0.00	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin [(PAT / Sales) * 100]	(%)	8.68	7.83	7.94
Return on Total Assets [(PAT / Total Assets) * 100]	(%)	1.34	1.85	2.70
Return on Investment (ROI) [(PAT / NetWorth) * 100]	(%)	8.42	11.12	14.40

SOLVENCY RATIO

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio [Current Assets / Current Liabilities]	2.58	2.40	2.18
Quick Ratio [(Current Assets - Inventories) / Current Liabilities]	0.68	0.84	0.52
G-Score Ratio Financial [NetWorth / Total Assets]	0.16	0.17	0.19
G-Score Ratio Debt [Debts / Equity Capital]	7.01	14.37	10.33
G-Score Ratio Liquidity [Total Current Assets / Total Current Liabilities]	2.58	2.40	2.18

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)
Share Capital	253.859	282.161	666.482
Reserves & Surplus	757.802	992.771	697.083
Net worth	1011.661	1274.932	1363.565
Long-term borrowings	2216.835	3470.728	4104.525
Short term borrowings	0.000	0.000	0.000
Current maturities of long-term debts	404.779	583.008	568.313
Total borrowings	2621.614	4053.736	4672.838
Debt/Equity ratio	2.591	3.180	3.427

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	1835.331	1811.238	1323.142
	0.000	(1.313)	(26.948)

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	1835.331	1811.238	1323.142
Profit/ (Loss)	145.725	141.815	114.866
	7.94 %	7.83 %	8.68 %

ABRIDGED BALANCE SHEET – (CONSOLIDATED)

SOURCES OF FUNDS	31.03.2017	31.03.2016
III. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	666.482	282.161
(b) Reserves and Surplus	1157.974	1365.782
(c) Money received against share warrants	0.000	0.000
(d) Minority interest	0.000	12.419
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1824.456	1647.943
(3) Non-Current Liabilities
(a) long-term borrowings	7220.503	4585.878
(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)	7220.503	4585.878
(4) Current Liabilities
(a) Short-term borrowings	0.000	0.000
(b) Trade payables	579.270	535.808
(c) Other current liabilities	4117.898	2697.726
(d) Short-term provisions	92.476	81.862
Total Current Liabilities (4)	4789.644	3315.396
TOTAL	13834.603	9561.636
IV. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	60.881	42.616
(ii) Intangible Assets	1.924	1.773
(iii) Tangible assets capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	1.495	3.145
(c) Deferred tax assets (net)	4.239	0.229
(d) Long-term loans and advances	47.281	42.809
(e) Other Non-current assets	71.056	59.986
Total Non-Current Assets	186.876	150.558
(2) Current assets
(a) Current investments	197.129	238.752
(b) Inventories	10864.644	7219.524
(c) Trade receivables	1533.369	926.595
(d) Cash and bank balances	421.078	543.065
(e) Short-term loans and advances	556.982	443.402
(f) Other current assets	74.525	39.740
Total Current Assets	13647.727	9411.078
TOTAL	13834.603	9561.636

PROFIT & LOSS ACCOUNT– (CONSOLIDATED)

	PARTICULARS	31.03.2017	31.03.2016
	SALES
	Total Revenue from operations	2845.563	2352.089
	Other Income	95.109	57.456
	TOTAL	2940.672	2409.545
Less	EXPENSES
	Other expenses	2613.609	2131.112
	TOTAL	2613.609	2131.112
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	327.063	278.433
Less	FINANCIAL EXPENSES	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	327.063	278.433
Less	DEPRECIATION/ AMORTISATION	7.672	7.085
	PROFIT/ (LOSS) BEFORE TAX	319.391	271.348
Less	TAX	117.252	92.554
	PROFIT/ (LOSS) AFTER TAX	202.139	178.794
	Earnings / (Loss) Per Share (INR)	3.033	6.337

LEGAL CASES

CIVIL COURT SENIOR DIVISION, THANE

Case Details

Case Type: M.A.N.R.J.I.

Filing Number: 203531/2015Filing Date: 15-10-2015

Registration No.: 200024/2015Registration Date: 15-10-2015

CNR NO: MHTH02-003450-2015

Case Status

First Hearing Date: 15th October 2015
Next Hearing Date: 21st April 2016
Stage of Case: Appearance
Court No. and Judge: 5-5th Joint Civil Judge Senior Division Thane

Petitioner and Advocate

1) Thane Municipal Corporation

Address - Mahapalika Bhavan, Almeida Road, Pahpakhadi, Thane West
Advocate- R.R.Hurali

Respondent and Advocate

1) Vithabai Yashwant Purnekar and others 13

Address - Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

2) Jainath Yashwant Purnekar 

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

3) Pardeep Yashwant Purnekar

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

4) Nayna Tukaram Mhatre

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist ThanE

5) Neeta Nitin Mhatre

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

6) Sharmila Santosh Karale

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

7) Kamlakar Motiram Patil 

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

8) Yojna Kamlakar Patil

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

9) Nikita Kamlakar Patil

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

10) Ruchita Kamlakar Patil

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

11) Ankita Kamlakar Patil

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

12) Dakshta Kamlakar Patil

Ganesh Nagar, Near Servodya School, Manpada, Tal Dist Thane

13) Kamlakar Padmakar Patil

Kasarvadvali, Ghodbunder, Thane, Road

14) Puranik Builders Private Limited

15) Bhagyavrudhi Building, Naikwadi, Gokhale Road, Naupada, Thane West

Acts

Under Act(s)	Under Section(s)
Civil Procedure codes	CPC
History of Case Hearing

Registration No.	Judge	Business On Date	Hearing Date	Purpose of hearing
200024/2015	5th Joint Civil Judge Senior Division Thane	15-10-2015	08-02-2016	Appearance
200024/2015	5th Joint Civil Judge Senior Division Thane	08-02-2016	21-04-2016	Appearance

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	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES:

Charges Registered
SNo	SRN	Charge Id	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G84259985	100170083	23/03/2018	-	-	200000000.0	30-39, Free Press House, 3rd Floor,Free Press Journal Marg, 215, Nariman Point,MumbaiMa400021IN
2	G54750898	100125180	05/09/2017	-	-	500000000.0	30-39, Free Press House, 3rd Floor,Free Press Journal Marg, 215, Nariman Point,MumbaiMa400021IN
3	G53605218	100123099	28/08/2017	-	-	2800000000.0	Piramal Tower Annexe 4th floorNext to Peninsula Corporate Park, G.K MargMUMBAIMH400013IN
4	G84872605	100110374	30/06/2017	31/01/2018	-	100000000.0	One Forbes, Dr. V. B. Gandhi Marg, FortMUMBAIMH400001IN
5	G55708598	100066229	17/11/2016	19/09/2017	-	2250000000.0	GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN
6	G41606633	100060952	20/10/2016	03/04/2017	-	250000000.0	Vashi, Sector-1Near Vashi Police StationNavi MumbaiMH400703IN
7	G68856434	100044681	30/07/2016	06/11/2017	-	2800000000.0	9TH FLOOR ANTRIKSH BHAWAN22 K G MARGNEW DELHIDe110001IN
8	G78891322	100043618	12/07/2016	15/02/2018	-	3000000000.0	GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN
9	G31336118	100027690	22/04/2016	29/11/2016	-	1350000000.0	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN
10	G50960871	100020889	31/03/2016	05/08/2016	-	350000000.0	Wagle Industrial Estate, B-35, Road, Road No. 22Near Circle, Wagle Industrial Estate, ThaneThaneMH400604IN
11	G31337983	100026375	30/03/2016	29/11/2016	-	1000000000.0	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN
12	G31339757	100026214	30/03/2016	29/11/2016	-	650000000.0	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN
13	C50195296	10561727	27/03/2015	-	-	467000.0	TJSB Sahakari Bank Limited shop no-1,Parshwanath Galaxy,Kasarvadvali, ThaneTHANEMH400607IN
14	C34978932	10533260	24/11/2014	-	-	544000.0	TJSB Sahakari Bank Limited shop no-1,Parshwanath Galaxy,Kasarvadvali, ThaneTHANEMH400607IN
15	C34979492	10533264	24/11/2014	-	-	544000.0	TJSB SAHAKARI BANK LIMITED, shop no-1Parshwanath Galaxy,Kasarvadvali, ThaneTHANEMH400607IN
16	B86752615	10453276	07/09/2013	-	-	250000000.0	G-2, TIFFANY, HIRANANDANI ESTATETHANE (WEST)THANEMH400607IN
17	G54221809	10617064	15/01/2016	-	11/09/2017	500000000.0	ONE FORBESDR V B GANDHI MARG, FORTMumbaiMH400001IN
18	G52765724	10616055	11/01/2016	29/04/2017	07/09/2017	1000000000.0	IFCI TOWER61, NEHRU PLACENEW DELHIDL110019IN
19	G32643728	10336417	21/01/2012	-	19/12/2016	1448000.0	ISHAN ARCADE, OPP.GAONDEVI TEMPLE,3RD FLOOR, NAUPADA, THANE (WEST),THANEMH400602IN
20	G29991254	10621057	14/01/2016	-	07/12/2016	1500000000.0	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMH400051IN
21	G28301828	10604099	09/11/2015	-	18/11/2016	100000000.0	30-39, Free Press House, 3rd Floor,Free Press Journal Marg, 215, Nariman Point,MumbaiMH400021IN
22	G15151954	10374218	02/08/2012	-	23/09/2016	700000.0	ANANT LAXMI CHEMBER, B- CABIN,SHIVAJI NAGAR ROAD,NAUPADATHANEMH400602IN
23	G09375080	10614699	04/12/2015	-	12/08/2016	500000000.0	GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMH411038IN
24	G09375437	10532713	14/11/2014	-	12/08/2016	1100000000.0	GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMH411038IN
25	G06415921	10464983	13/11/2013	-	17/06/2016	300000000.0	THANE MID CORPORATE BRANCH, SHOP NO G-5GROUND FLOOR, AKRUTI SMCTHANE WESTMH400601IN
26	G03590577	10392543	09/11/2012	05/01/2015	11/05/2016	9641688.0	One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN
27	G01804483	10406624	31/01/2013	-	19/04/2016	22265000.0	One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN
28	G00933556	10539263	26/12/2014	03/01/2015	15/03/2016	1000000000.0	IFCI Tower, Nehru Place, New DelhiNew DelhiDL110019IN
29	C77584969	10554040	18/02/2015	-	25/01/2016	500000000.0	SOLITAIRE CORPORATE PARK, BUILDING NO. 4, GURUHARGOVINDJI ROAD, ANDHERI (EAST)MumbaiMH400093IN
30	C73634149	10391120	31/10/2012	-	26/11/2015	14420995.0	One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN
31	C69276137	10301147	19/07/2011	-	09/10/2015	4000000.0	ANANT LAXMI CHEMBER, B- CABIN,SHIVAJI NAGAR ROAD,NAUPADATHANEMH400602IN
32	C69276640	10304195	28/08/2011	-	09/10/2015	5290000.0	ANANT LAXMI CHEMBER, B- CABIN,SHIVAJI NAGAR ROAD,NAUPADATHANEMH400602IN
33	C69275287	10273234	18/02/2011	-	09/10/2015	2070000.0	Anant Laxmi chambers, NaupadaThaneMH400602IN
34	C66932104	10229292	08/07/2010	-	24/09/2015	3271000.0	Rasec Branch, Ishan Arcade, Opp Gaondevi Temple,Third Floor, NaupadaThaneMH400602IN
35	C60002599	10059450	29/06/2007	-	28/07/2015	90000000.0	SHIVAJI PATH, TALAO PALITHANE (W)THANEMH400601IN
36	C59999110	90145809	12/09/2005	-	28/07/2015	40000000.0	THANE MAIN BRANCHSHIVAJIPATHTHANEMH400060IN
37	C60003811	10079555	19/07/2007	-	22/07/2015	140000000.0	THANE MAIN BRANCHSHIVAJI PATH, TALAOPALITHANE WESTMH400601IN
38	C58063314	10544134	07/01/2015	-	25/06/2015	100000000.0	30-39, Free Press House, 3rd Floor,Free Press Journal Marg, 215, Nariman Point,MumbaiMH400021IN
39	C58445354	10488764	02/04/2014	15/04/2014	25/06/2015	200000000.0	30-39, Free Press House, 3rd Floor,Free Press Journal Marg, 215, Nariman Point,MumbaiMH400021IN
40	C44113116	10340107	27/01/2012	-	14/02/2015	350000000.0	Thane Mid Corporate Branch, shop No.G 5Ground Floor, Akruti SMC, off LBS MargThane WestMH400601IN
41	C44111599	10340065	12/01/2012	-	14/02/2015	350000000.0	THANE MID CORPORATE BRANCH, SHOP NO G-5GROUND FLOOR, AKRUTI SMCTHANE WESTMH400601IN
42	C38943254	10422794	25/03/2013	22/09/2014	31/12/2014	950000000.0	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMH400051IN
43	C03325560	10301749	11/07/2011	28/09/2011	12/05/2014	300000000.0	THANE MID CORPORATE BRANCH, G 5 AKRUTI SMC,LBS MARG, KHOPAT JUNCTION, THANE(W)THANEMH400602IN
44	B72915242	10337962	23/03/2011	-	08/04/2013	700000000.0	SME GOREGAON (E) BRANCH,101,KOHINOOR INDL.ESTATE,GOREGAON (E) WESTERN EXPRESS HIGHWAY,MUMBAIMH400063IN
45	B72964521	10285473	28/03/2011	-	08/04/2013	700000000.0	SME GOREGAON (E) BRANCH, 101, KOHINOOR INDL ESTATEGOREGAON (E) WESTERN EXPRESS HIGHWAYMUMBAIMH400063IN
46	B76094564	10256943	14/10/2010	-	12/02/2013	150000000.0	THANE MAIN BRANCH, SHIVAJI PATH,OPP. M H HIGH SCHOOL, THANE WESTTHANEMH400601IN
47	B42964734	10233499	07/07/2010	-	03/07/2012	150000000.0	THANE MAIN BRANCH, SHIVAJI PATHOPP M H HIGH SCHOOL, TALAOPALITHANE WESTMH400601IN
48	B42966747	10098646	30/11/2005	-	03/07/2012	50000000.0	THANE MAIN BRANCH,SHIVAJI PATH, TALAO PALI,THANEMH400602IN
49	B43221266	10113777	23/05/2008	-	03/07/2012	150000000.0	THANE MAIN BRANCH, SHIVAJI PATHOPP. M.H. HIGH SCHOOL, TALAOPALITHANEMH400601IN
50	B42965681	10113776	28/05/2008	-	03/07/2012	150000000.0	THANE MAIN BRANCH SHIVAJI PATHOPP. M H HIGHSCHOOLTHANE WESTMH400601IN
51	B37875721	90147640	08/03/2001	-	24/04/2012	165000.0	DEEN DAYAL BHAVANJAMBLI NAKATHANEMHIN
52	B37874682	90142927	23/06/2000	-	24/04/2012	372000.0	NAUPADA BRANCHANANT LAXMI CHAMBERS; NAUPADATHANEMH400602IN
53	B37876364	90146143	16/12/2000	-	24/04/2012	77000.0	NAUPADA BRANCHANANT LAXMI CHAMBERS; NAUPADATHANEMHIN
54	B37774643	10136571	22/12/2008	-	28/03/2012	50000000.0	SHATATARAKA, BAJI PRABHU DESHPANDE MARGVISHNU NAGAR, NAUPADA, THANE (W)THANEMH400602IN

FIXED ASSETS

• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipment

PRESS RELEASE

PURANIK BUILDERS IS SAID TO HAVE BEGUN WORK ON IPO

Puranik Builders may use the proceeds from the initial public offering (IPO) to retire debt and to invest in ongoing projects

Mumbai: Puranik Builders Private Limited, a Mumbai-based residential real estate developer, has started work on its initial public offering (IPO), which could make it the first real estate company in India to go public in over seven years, two people aware of the development said.

Founded in 1968, Puranik Builders has developed over 520,000 sq. mt of land over four decades, and has over 1.29 million sq.mt under development, according to the company’s website.

“Puranik has appointed investment bank Edelweiss Financial Services and they have begun work on their IPO. The company will likely use the proceeds from the initial public offering to retire debt and to invest in ongoing projects,” said one of the persons cited above, requesting anonymity as he is not authorized to speak to reporters.

The transaction is at an early stage and they are yet to decide the quantum of fund-raising they will target, he added.

“We are considering a number of possible financing options and have nothing further to comment,” said Shailesh Puranik, managing director of Puranik Builders, in a text message.

Emails sent to Edelweiss went unanswered.

Puranik Builders’ ongoing and upcoming projects are based in areas such as Mulund, Thane, Dombivli, Neral, Pune, Nashik, Kalyan and Lonavala. The company has developed 49 projects so far.

Puranik Builders initial share sale, if it goes through, will be the first major transaction from the real estate sector in the IPO market since 2010.

The last time a private real estate firm came to the primary market was in 2010, when several companies such as DB Realty Limited, Prestige Estates Projects Limited, Oberoi Realty Limited, Nitesh Estates Limited and Man Infraconstruction Limited collectively raised around INR 42750.000 Million.

In 2015, Pune-based real estate developer Paranjape Schemes (Construction) Limited had filed its draft papers for an IPO with the Securities and Exchange Board of India (Sebi). It planned to raise Rs600 crore through the sale of new shares. The IPO was, however, shelved later.

Other real estate companies that have looked at an initial share sale include affordable housing developer Value Budget Housing Corp. Private Limited (VBHC). In 2015, Mint reported that VBHC was evaluating tapping public markets to raise funds.

Puranik Builders’ plans to go public come at a time when the Indian IPO market has seen its best year ever.

In 2017, 36 companies raised Rs67,147 crore through the IPO route, while 26 companies raised Rs26,493.8 crore in 2016, data from primary market tracker Prime Database shows.

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 67.11
UK Pound	1	INR 90.85
Euro	1	INR 80.12

INFORMATION DETAILS

Information Gathered by :	PNM
Analysis Done by :	PRI
Report Prepared by :	JYO

SCORE FACTORS

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