MIRA INFORM REPORT

Report No. :	505915
Report Date :	08.05.2018

IDENTIFICATION DETAILS

Name :	SHETTY-PATIL DEVELOPERS LLP
Registered Office :	Wanawadi SN -61/62/63, Oxford Village, Phase II, Pune - 411040, Maharashtra
Tel. No.:	91-20-24240016
Country :	India
Financials (as on) :	Not Available
Date of Establishment :	24.05.2016
Capital Investment :	INR 0.100 Million
LLPIN :	AAG-4453
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 Available
Legal Form :	Limited Liability Partnership
Line of Business :	Construction activity. [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 :

C

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

Status :	Relatively new business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a relatively new Limited Liability Firm (LLP) established on 24th May 2016 and it is engaged in construction activity. As per Registrar of Companies, the date of filling its financials is shown as 31.03.2017 but documents related to the financials are not available from any other sources. Rating takes into consideration the company’s limited track record of business operations and small capital base. Rating is further constrained on account of company’s absence of 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

MANAGEMENT NON-COOPERATIVE (91-20-24240016)

LOCATIONS

Registered Office :	Wanawadi SN -61/62/63, Oxford Village, Phase II, Pune - 411040, Maharashtra, India
Tel. No.:	91-20-24240016
Fax No.:	Not Available
E-Mail :	pushkarshukre@gmail.com

PARTNERS

AS ON 31.03.2017

Name :

Sharathkumar Baburao Shetty

Designation :

Designated Partner

Address :

23/2 Vithoba Temple Road, Bijapur – 586101, Karnataka, India

Date of Birth/Age :

01.03.1972

Date of Appointment :

24.05.2016

DPIN No.:

05333331

Other directorship:

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAC-7679	PATIL PLANET DEVELOPERS LLP	18/03/2015	-
AAK-3078	SHETTY-PATIL MALL MANAGEMENT LLP	14/08/2017	-
AAK-3102	SHETTY-PATIL RETAIL LLP	14/08/2017	-
AAK-3103	SHETTY-PATIL HOSPITALITY LLP	14/08/2017	-

Name :

Aparna Shetty Raghavendra

Designation :

Body Corporate DP Nominee

Address :

C 2/11 Oxford Comforts, Wanwadi, Pune -411040, Maharashtra, India

Date of Appointment :

24.05.2016

DPIN No.:

05123482

Other directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45200PN2011PTC141455	RUJULA REALTY PRIVATE LIMITED	23/11/2011	-
U55101PN2012PTC143290	ARYAAN ACCOMMODATIONS PRIVATE LIMITED	04/05/2012	-

LIST OF LLP

LLPIN/FLLPIN	LLP Name	Begin Date	End Date
AAC-7679	PATIL PLANET DEVELOPERS LLP	30/09/2014	-
AAF-3224	PATIL GLOBAL CITY DEVELOPERS LLP	14/12/2015	-
AAK-9259	GANIT ANALYTICS LLP	20/10/2017	-

Name :

Sunilgouda Basanagouda Patil

Designation :

Partner

Address :

31 Akkamahadevi Road, Bijapur District – 586101, Karnataka, India

Date of Birth/Age :

31.10.1972

PAN No.:

ADWPP6488N

Name :

Chandrakant Baburao Shetty

Designation :

Partner

Address :

New Vittal Mandir Road, House No. 23, Bijapur – 586101, Karnataka, India

Date of Birth/Age :

06/10/1965

DPIN No.:

07107937

Name :

Kamalabai Basanagouda Patil

Designation :

Partner

Address :

31 Akkamahadevi Road, Bijapur District – 586101, Karnataka, India

Date of Birth/Age :

01.06.1941

DPIN No.:

ARAPP5034G

Name :

Renuka Sunilgouda Patil

Designation :

Partner

Address :

31 Akkamahadevi Road, Bijapur District – 586101, Karnataka, India

Date of Birth/Age :

13.10.1977

DPIN No.:

AYKPP1833C

CONTRIBUTION DETAILS

AS ON 31.03.2017

Names of Persons	INR in Million
Sunilgouda Basanagouda Patil	0.020
Sharathkumar Baburao Shetty	0.015
Rujula Realty Private Limited, India	0.035
Chandrakant Baburao Shetty	0.010
Kamalabai Basanagouda Patil	0.010
Renuka Sunilgouda Patil	0.010
Total	0.100

BUSINESS DETAILS

Line of Business :	Construction activity. [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	Not Divulged
Branch Address	--
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

Total Obligation of contribution

INR 0.100 Million

FINANCIAL DATA

[all figures are in INR Million]

NOT AVAILABLE

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	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	No
21	Banking facility details	No
22	Conduct of the banking account	--
23	Financials, if provided	No
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 last three years	No
30	Major shareholders, if available	No
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGE: 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 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 66.11
UK Pound	1	INR 90.85
Euro	1	INR 80.12

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	VIV
Report Prepared by :	KVT

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.