MIRA
INFORM REPORT
|
Report Date : |
10.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
OM BALAJI ENTERPRISES |
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Registered Office : |
Shop No. 3, Ankur Co-opertative Housing Society, Tata Power Lane, Near
Modern Pride Hotel, Manpada Cross Raod, Dombivli (East), Mumbai-421201,
Maharashtra |
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Country : |
India |
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Date of Incorporation : |
09.10.2008 |
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Legal Form : |
Partnership Concern with Unlimited Liability of the partners |
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Line of Business : |
Manufacturer of Flex Advertisement Hoardings |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
New Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and yet to commence commercial activities.
Partners are reported as experienced, respectable and having satisfactory
means of their own trade relations are fair. No complaints have been heard. In view of the satisfactory financial position of the partners and
promoters, the concern can be considered normal for business dealings. It would be advisable to take adequate securities while dealing with
the subject. |
LOCATIONS
|
Registered Office : |
Shop No. 3, Ankur C-operative Housing Society, Tata Power Lane, Near
Modern Pride Hotel, Manpada Cross Raod, Dombivli (East), Mumbai-421201,
Maharashtra, India |
PARTNERS
|
Name : |
Mr. Rajan Dattaji Marathe |
|
Designation : |
Partner |
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Address : |
RL-49, Shree Sumarth Bunglow, Opposite Greens English School, Milan
Nagar, MIDC, Dombivali (West), Maharashtra, India |
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|
Name : |
Mr. Rajan Govind Trilokekar |
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Designation : |
Partner |
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Address : |
Krishna Madavi Chawal, Near Sangitashra, Near Maruti Mandir, Ayre Gao,
Dombivali (East), Maharashtra, India |
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Date of Birth/Age : |
40 Years |
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|
Name : |
Mr. Sudhakar Raghunath Jadhav |
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Designation : |
Partner |
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Address : |
Jadhav Niwas, Nandivali Road, Near Ramruti Mahadev Complex, Dombivali
(East), Maharashtra, India |
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Date of Birth/Age : |
45 Years |
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|
|
|
Name : |
Mr. Ajay Anant Tavde |
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Designation : |
Partner |
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Address : |
20, Ganpat Niwas, R.G. Patilwadi, Nandivali Road, Dombivali (East),
Maharashtra, India |
|
Date of Birth/Age : |
38 Years |
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|
|
|
Name : |
Mr. Digambar Prabhakar Sonavane |
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Designation : |
Partner |
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Address : |
Kajva CHSL, Nandivali Road, R G Patil Wadi, Dombivali (West),
Maharashtra, India |
|
Date of Birth/Age : |
26 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Flex Advertisement Hoardings |
GENERAL
INFORMATION
|
Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
Not Avilable |
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Associates/Subsidiaries : |
·
Om Enterprises ·
Sailee Enterprises ·
Ajay Enterprises |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not available |
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Borrowed : |
|
|
Total : |
Not available |
FINANCIAL DATA
[all figures are in Rupees Millions]
New Company
LOCAL AGENCY
FURTHER INFORMATION
Project
Highlights:
General
Information:
|
Name of the Establishment |
OM BALAJI ENTERPRISES |
|
Status |
Partnership Firm |
|
Registered Office |
Shop No. 3, Ankur Coop Housing Society, Tata Power Lane, Near Modern
Pride Hotel, Manpada Cross Raod, Dombivli (East), Mumbai-421201, Maharashtra,
India |
|
Nature of Liability |
Joint and Several |
|
Nature of Business |
Manufacturing of Flex Hoarding, Advertising and publicity materials
Print Media Advertising |
|
Name of the Promoters |
1)
Mr. Rajan Dattaji Marathe 2)
Mr. Sudhakar Raghunath Jadhav 3)
Mr. Rajan Govind Trilokekar 4)
Mr. Ajay Anant Tavde 5)
Mr. Digambar Prabhakar Sonavane |
|
Users |
Industrial and Commercial Users |
|
Source of Raw Material |
Procured Locally |
|
Amount of Loan |
Term Loan Rs. 85.000 Millions Cash Credit Rs. 30.000 Millions |
|
Purpose of Loans |
Financing Purchase of New Plant and Machineries and also financing
Working Capital Requirement |
|
|
|
|
Financial
Information |
|
|
Total
Requirement |
|
|
Working Capital Requirement |
Rs. 0.491 Million |
|
Capital cost of project |
Rs. 1.157 Million |
|
Total
Requirement |
Rs. 1.648
Millions |
|
|
|
|
Means of
Finanance |
|
|
Term Loan From Bank |
Rs. 0.850 Million |
|
Cash Credit From Bank |
Rs. 0.300 Million |
|
Capital Contribution by Promoter |
Rs. 0.398 Milllion |
|
Quasi Equity |
Rs. 0.100 Million |
|
Total Fund |
Rs. 1.648
Millions |
|
|
|
|
Security: |
|
|
Primary Security: |
|
|
Hypothecation and Mortgage of the Plant and Machinery newly acquired
and Working capital |
|
INTRODUCTION:
World today has entered the machine age where most of the things is done
with the help of machines. Industrial revolution has paved way for machine
oriented industries. This along with the on-going globalization and
privatization has made many units shift from the conventional labour oriented
techniques to non-conventional machine oriented techniques. Advertising
Industry is no exception to this. The present growth of the Industries and
production in India has lead to the growth of the Service Sector. This is
inevitable. As the Advertising Industry has started growing in the Indian
Market the Media in which the advertising can be made has got vast change. The
various froms of advertising medias includes Radio, Television, News Papers,
Print Media etc. In todays world, many of this advertising media has been well
known and a new type of advertising media that has been developed is that of
Flex Advertising.
In case of Flex Advertising the major raw materials required are Midia,
Ink and Plastic. The Flex Advertising has advantage over the other forms or
advertising on following points:
1.
Durability of Advertising Materials is got increased.
2.
Various Color Combinations can be used to make the advertising
attractive.
3.
Easy Mobility of the Advertising Materials
4.
Easy Availability of the Raw Material
5.
Easy Transport of the Printed Advertisements
6.
Easy Storage of the Final Printed Advertisments
Further, the Flex Advertisements are most attractive form of
advertisements. The flex advertising have become very popular among the Various
Political Parties because of it’s ability to address the masses of people. This
advertisement can be located at a prominent place and can be displayed with or
without Focus Lighting. This advertisement can be even effective in the Rainy
Season when the other forms of printed advertisements are not very much
effective. Moreover, these types of advertisement can be used for the purpose
of advertisement any type of event, occasion and anything that need
advertisement.
In India the Flex Advertising is a new type of Advertising Media and has
gained it’s usage momentum in the recent years. Hence, this form of advertising
is the further of the Advertising. This type of advertising is really going to
give new direction to the Advertising Industry.
Thus by recognizing this opportunity, the promoters have joined their
hands for starting up this unit named as M/s Om Ballaji Enterprises in the form
of Partnership Concern.
ABOUT THE UNIT:
The unit under construction Om Balaji Enterprises is a Partnerhip Firm
Consisting of Four Partners. It has been recently established. The Partners of
this concern are named as:
a)
Mr. Rajan Dattaji Marathe
b)
Mr. Sudhakar Raghunath Jadhav
c)
Mr. Rajan Govind Trilokekar
d)
Mr. Ajay Anant Tavade
e)
Mr. Digambar Prabhakar Sonavane
The firm has come into existence since 9th Day of October
2008 with the nature of business as contained in the Partnership Deed as
follows:
ABOUT THE UNIT
“Manufacturing of Flex Hoarding, Advertising and Publicity materials
Print Media Advertising etc. and/ or any other business as may be mutually
agreed by and between the parties hereto form time to time.”
The unit has already acquired the place of premises on Leave and License
basis at the following address:
“Shop No. 3, Ankur Co-operative Housing Society, Tata Power Lane, Near
Modern Pride Hotel, Manpada Cross Road, Dombivli (East)-421201”
Thus consideration the long business standing of the Promoters in their
respective business activities, it is well understood that the promoters has
good name, contracts, reputation, goodwill and positive creditworthiness in the
market. These are all the qualities that are immensely required for the
establishment of the new unit and it’s successful operations. All these
qualities are found to be embedded in the promoter.
PROMOTER
The unit M/s Om Balaji Enterprises is an Partnership Concern promoted by
Five Promoters. The profile of promoter of the unit is a under:
1)
Mr. Rajan Dattaji Marathe
2)
Mr. Sudhakar Raghunath Jadhav
3)
Mr. Rajan Govind Trilokekar
4)
Mr. Ajay Anant Tavade
5)
Mr. Digamber Prabhakar Sonavane
PROFILE OF THE
PROMOTERS:
|
1) Mr. Rajan
Dattaji Marathe |
|
|
Qualification |
HSC |
|
Occupation |
He is a proprietor of M/s Om Enterprises,
which is engaged in acting ad Civil Works Contractor. This unit has been
established since past 10 years. The promoter has been able to generate good
business contacts. As a result of his market contacts, he will be in a
position to bring the business to the unit. |
|
Personal Net-Worth |
Rs. 7.500 Millions |
|
Family Net Worth |
Rs. 15.000 Millions |
|
Experience |
10 Years in this line of business |
|
Residential Address |
RL-49, Shree Samarth, Opposite, Greens
English School, Milap Nagar, MIDC, Dombivali (East) – 421201 |
|
2) Mr. Sudhakar Raghunath Jadhav |
|
|
Qualification |
S.S.C |
|
Occupation |
He has been in this line of business since
past 15 years |
|
Personal Net-Worth |
Rs. 4.000 Millions |
|
Family Net Worth |
Rs. 7.500 Millions |
|
Experience |
15 Years in this line of business |
|
Residential Address |
Jadhav Niwas, Nandivali Road, Near Maruti
Mahadev Complex, Dombivali (East)-421201 |
|
3) Mr. Rajan Govind Trilokekar |
|
|
Qualification |
S.S.C |
|
Occupation |
He was earlier working as Machine Operator
in textile industry and has good experience of operating this type of
machinery |
|
Personal Net-worth |
Rs. 0.355 Million |
|
Family Net –Worth |
Rs. 1.000 Million |
|
Experience |
10 years in this line of business |
|
Residential address0 |
Krishna Madavi Chawal, Near Sangitashram,
Near Maruti Mandir Rayre Gao, Dombivali (East) |
|
4) Mr. Ajay Anant Tavade |
|
|
Qualification |
S.S.C |
|
Occupation |
He has been in this line of business of
acting as Civil Contract since past 10 years. He is a family friend of Mr.
Rajan Marathe. He will be looking after the marketing activity of the unit |
|
Personal Net-worth |
Rs. 1.265 Millions |
|
Family Net Worth |
Rs. 2.500 Millions |
|
Experience |
10 years in this line of business |
|
Residential Address |
20, Ganpat Niwas, R. G. Patilwadi, Nandivali
Raod, Dombivali (East) |
|
5) Mr. Digambar Prabhakar Sonavane |
|
|
Qualification |
S.S.C |
|
Occupation |
He has been in this line of business of
acting as Civil Contract since past 5 years. He will be looking after the
marketing activity of the unit. |
|
Personal Net-worth |
Rs. 0.342 Million |
|
Family Net Worth |
Rs. 1.000 Million |
|
Experience |
5 years in this line of business. |
|
Residential Address |
Kajva Co-operative Housing Society R.G
Patilwadi, Nandivali Road, Dombivali (East) |
This bio data of the promoters itself is
evident of the promoters interest in the project. The unit is thus promoted by
the persons who are well established in the business field.
Mr. Rajan Dattaji Marathe is a very well known
business personality in the Dombivali Area. He is having very goods political
contacts and as a result of this he can bring additional business to the unit.
MARKET
The existing business units of the promoters
have well established its business. The unit is involved in the activity of
manufacturer of advertising materials. The product manufactured by the unit has
got a demand form various customers, who are involved in different line of
activity. The product manufactured by the unit is one of the best in the
industry. It boasts of a quality which can hardly have any competition. This
quality when it is combined with the price which they charge for the product
which is quite reasonable as compared to their competitor, the demand for their
product can reach even higher heights than the current one. The unit entertains
demands from many types of customers. The various occasions on which this type
of products are required are:
- Political Events
- Cultural Events
- Festivals
- Programmes etc.
Presently the business activity in which the unit
propose to enter is that kind of activity in which the persons with high
reputation are entering and considering this need, Mr. Rajan Marathe has
started this unit. The Flex Manufacturing activity is in it’s birth in the
Dombivali Area. This kind of business is very well developed in the Ulhasnagar
and Mumbai area. Hence establishment of this business in Dombivali Area will be
convenient to various customers in the nearby areas. Moreover, the machinery
which the unit proposes to enter is technologically advanced and newly
purchased which will provide valuable produce to the customers. Further the
unit proposes to install a Battery Back Up which would provide uninterrupted
service to the customers. This facility of Battery Back up is not available in
many of other manufacturer in the near by areas and this will provided competitive advantage to the unit.
More over, in few months State Assembly
Elections as well as National Elections would be held. In this period of
elections, the business of the unit will be reaching new heights due to the
contacts of the promoters. Even the promoters are of the view that in this
period the business will reach such new heights that even the cost of entire
machinery will be recovered.
Thus a product in which the unit is proposing
to deal has in itself a very wide market. The unit does not have to indulge in
massive marketing policies as the demand for the demand for these products is
always there. The products that are proposed to be manufactured by the unit are
required by many industries. Thus, there the requirement of these advertising
Printing Material is bound to increase.
COST OF PROJECT:
The promoters will be financing the
requirements partly from their own source and party by finance from bank. On
the basis of the above the Cost of the project is worked out as under:
|
Particulars |
Amount Rs. In Millions |
|
a) Inkjet Printer WITCOLOR-ULTRA 860+ |
0.816 |
|
b) Power Back Up System and Batteries |
0.182 |
|
c) Computer and Equipments |
0.119 |
|
d) Air Conditioner |
0.026 |
|
e) Furniture and Fixtures |
0.014 |
|
Total Cost of Project |
1.157 |
The above cost of project is to be financed in
the following pattern shown therein under:
|
Particulars |
Amount Rs. In Millions |
|
1) Term Loan From Bank |
0.850 |
|
2) Own Contribution |
0.484 |
|
Total Funds |
1.157 |
STATEMENT SHOWING CALCULATION OF WORKING CAPITAL REQUIREMENT
|
Particulars |
Period |
Amount Rs. In Millions |
|
Current Assets |
|
|
|
Stock |
2 Weeks |
0.112 |
|
Sundry Debtors |
3 Weeks |
0.379 |
|
Gross Working Capital Requirement |
|
0.491 |
|
Less : Current Liabilities |
|
|
|
Sundry Debtors |
Nil |
Nil |
|
Net Working Capital Requirement |
|
0.491 |
MEANS OF FINANCE
|
Particulars |
Amount Rs. In Millions |
|
Working Capital Requirement |
0.300 |
|
Own Contribution |
0.191 |
|
Total Funds |
0.491 |
The working capital requirement and the
projected profitability statement of the unit is based on the following
assumptions:
1. The unit will be having installed capacity of producing 380 sq.ft of Flex
Materials. There will be 8 Working Hours in a day. There are 25 Working Days in
a month. The Capacity Untilisation will be gradually increasing per year and
will be at optimum level in the Fifth Year and onwards. The Selling Rate per
Sq.Ft initially would be at Rs. 9.00 per sq. ft. The selling price is bound to
increase due to inflation by about 5.00%
per year. The monthly sales of the unit will be R.s 0.547 Million i.e.
6.566 Millions in the first year and there after a constants annual increase of
5.00%.
2. The Cost of Raw Materials will be at Rs. 4.00./- ere Sq.ft which will be
increasing by about 5.00% every due to inflation
3. The Company will allow a credit of 3 Weeks to its customers
4. The Company will maintain stock of raw material equal to its 2 Weeks
consumption requirement.
5. The Company will enjoy a credit period of Nil Weeks.
6. Depreciation will be calculated as per Section 32 of Income Tax Act, 1961
for the purpose of computing the
Provision for Income Tax and also for other purpose.
7. Interest on Loan is calculated @ 14.00% in case of Term Loan and 14.00%
p.a. in case of Working Capital Loan. It is also assumed that the company the
tenure of the said term loan is 84 Months and Cash Credit facility is subjected
to renewal every year, as per the bank norms.
8. It is assumed that there is 300 working days in a year.
9. The Equated Quarterly Principal Repayment installment for the term loan
will be Rs. 0.121 MillionThe Total interest works out to R./s 0.431 Million
which will be distributed over the loan period in proportion to the outstanding
amount.
10. The promoters would be making their own contribution in the form of own
capital introduction and also in the form of unsecured loans from friends and
relatives. These unsecured would be bearing interest equal to the rate of
interest charged by the bank. These unsecured loans will not be repaid till the
bank term loan is entirely repaid.
PROJECTED
PROFITABILITY STATEMENT
(Rs. In Millions)
|
Particulars |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
|
Sales and Labour Charges |
6.566 |
7.364 |
8.208 |
9.097 |
10.032 |
10.488 |
10.944 |
|
Less Direct Cost |
|
|
|
|
|
|
|
|
Raw Material Consumed – Midia |
2.554 |
2.849 |
3.167 |
3.510 |
3.880 |
4.074 |
4.278 |
|
Ink, Carbon Purchase |
0.365 |
0.407 |
0.452 |
0.501 |
0.554 |
0.582 |
0.611 |
|
Wages and Labour Charges |
0.408 |
0.428 |
0.450 |
0.472 |
0.496 |
0.521 |
0.547 |
|
Factory Rent |
0.096 |
0.102 |
0.108 |
0.114 |
0.120 |
0.126 |
0.132 |
|
Electricity Charges |
0.364 |
0.407 |
0.452 |
0.501 |
0.554 |
0.582 |
0.611 |
|
Other Manufacturing Expenses |
0.729 |
0.814 |
0.905 |
1.003 |
1.109 |
1.164 |
1.222 |
|
Cost of Sales |
4.516 |
5.007 |
5.534 |
6.101 |
6.713 |
7.049 |
7.401 |
|
|
|
|
|
|
|
|
|
|
Gross Margin |
2.050 |
2.357 |
2.673 |
2.995 |
3.319 |
3.439 |
3.543 |
|
|
|
|
|
|
|
|
|
|
Less: Administrative, Selling and Finance Expenses |
|
|
|
|
|
|
|
|
Salaries and Contribution |
0.096 |
0.106 |
0.116 |
0.128 |
0.141 |
0.155 |
0.170 |
|
Postage and Telegrams |
0.013 |
0.014 |
0.015 |
0.017 |
0.018 |
0.020 |
0.022 |
|
Insurance Premiums |
0.025 |
0.028 |
0.030 |
0.033 |
0.035 |
0.038 |
0.040 |
|
Repairs and Maintenance |
0.050 |
0.060 |
0.072 |
0.086 |
0.102 |
0.120 |
0.140 |
|
Advertisement and Publicity |
0.075 |
0.081 |
0.087 |
0.093 |
0.100 |
0.108 |
0.116 |
|
Traveling and Conveyance |
0.083 |
0.089 |
0.095 |
0.102 |
0.110 |
0.118 |
0.127 |
|
Distribution Expenses |
0.045 |
0.055 |
0.064 |
0.074 |
0.083 |
0.093 |
0.102 |
|
Printing and Stationery |
0.069 |
0.072 |
0.076 |
0.080 |
0.084 |
0.088 |
0.092 |
|
Telephone and Mobile Charges |
0.024 |
0.026 |
0.029 |
0.032 |
0.034 |
0.036 |
0.039 |
|
Electrical Charges (Office) |
0.013 |
0.015 |
0.018 |
0.021 |
0.024 |
0.026 |
0.029 |
|
Business Promotion Expenses |
0.075 |
0.080 |
0.085 |
0.090 |
0.095 |
0.100 |
0.105 |
|
Sales Promotion Expenses |
0.100 |
0.102 |
0.105 |
0.107 |
0.110 |
0.113 |
0.115 |
|
Other Selling Expenses |
0.120 |
0.145 |
0.170 |
0.195 |
0.220 |
0.245 |
0.270 |
|
Commission on sales |
0.080 |
0.090 |
0.101 |
0.111 |
0.122 |
0.128 |
0.134 |
|
Other Administrative Expenses |
0.250 |
0.300 |
0.350 |
0.400 |
0.450 |
0.500 |
0.525 |
|
Bank Interest |
0.154 |
0.144 |
0.134 |
0.124 |
0.114 |
0.104 |
0.095 |
|
Depreciation |
0.226 |
0.160 |
0.123 |
0.099 |
0.083 |
0.069 |
0.058 |
|
Total Expenses |
1.498 |
1.567 |
1.670 |
1.792 |
1.925 |
2.061 |
2.179 |
|
Net Profit Before Tax |
0.552 |
0.790 |
1.002 |
1.202 |
1.393 |
1.378 |
1.363 |
|
Provision for Tax |
0.035 |
0.069 |
0.105 |
0.136 |
0.162 |
0.147 |
0.134 |
|
Net Profit After Tax |
0.517 |
0.720 |
0.897 |
1.067 |
1.232 |
1.231 |
1.230 |
|
Withdrawals |
0.500 |
0.550 |
0.600 |
0.650 |
0.700 |
0.750 |
0.800 |
|
Net Cash Accruals |
0.278 |
.400 |
0.526 |
0.652 |
0.776 |
0.698 |
0.622 |
PROJECTED BALANCE
SHEET
(Rs. In Millions)
|
Particulars |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
|
Current liabilities and provisions |
|
|
|
|
|
|
|
|
Sundry creditors for expenses |
0.163 |
0.178 |
0.194 |
0.211 |
0.229 |
0.242 |
0.254 |
|
|
0.163 |
0.178 |
0.194 |
0.211 |
0.229 |
0.242 |
0.254 |
|
|
|
|
|
|
|
|
|
|
Secured Loans |
|
|
|
|
|
|
|
|
Cash Credit From Bank |
0.300 |
0.350 |
0.400 |
0.450 |
0.500 |
0.550 |
0.600 |
|
New Term Loan from bank |
0.729 |
0.607 |
0.486 |
0.364 |
0.243 |
0.121 |
0.000 |
|
|
1.029 |
0.957 |
0.886 |
0.814 |
0.743 |
0.671 |
0.600 |
|
|
|
|
|
|
|
|
|
|
Unsecured loan |
|
|
|
|
|
|
|
|
Quasi Equity |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
|
|
|
Capital and Reserves |
|
|
|
|
|
|
|
|
Opening Balance |
0.000 |
0.415 |
0.585 |
0.883 |
1.299 |
1.831 |
2.312 |
|
Add: Capital Introduced |
0.398 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Add: Net Profit during year |
0.517 |
0.720 |
0.897 |
1.067 |
1.232 |
1.231 |
1.230 |
|
Less: Withdrawals |
0.500 |
0.550 |
0.600 |
0.650 |
0.700 |
0.750 |
0.800 |
|
Closing Balance |
0.415 |
0.586 |
0.883 |
1.299 |
1.831 |
2.312 |
2.742 |
|
|
|
|
|
|
|
|
|
|
|
1.707 |
1.820 |
2.062 |
2.425 |
2.903 |
3.325 |
3.696 |
(Rs. In Millions)
|
Particulars |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
|
Current Assets |
|
|
|
|
|
|
|
|
Cash and Bank Balances |
0.050 |
0.055 |
0.060 |
0.065 |
0.070 |
0.075 |
0.080 |
|
Sundry Debtors |
0.379 |
0.425 |
0.474 |
0.525 |
0.579 |
0.605 |
0.631 |
|
Closing stock |
0.112 |
0.125 |
0.139 |
0.154 |
0.171 |
0.179 |
0.188 |
|
Other Current assets |
0.025 |
0.075 |
0.125 |
0.175 |
0.225 |
0.275 |
0.325 |
|
|
0.566 |
0.680 |
0.798 |
0.919 |
1.045 |
1.134 |
1.224 |
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
|
|
|
|
|
|
|
|
Capital WIP |
0.050 |
0.250 |
0.450 |
0.650 |
0.850 |
1.050 |
1.250 |
|
Fixed Assets (As per Schedule) |
0.931 |
0.770 |
0.647 |
0.547 |
0.464 |
0.394 |
0.335 |
|
|
0.981 |
1.020 |
1.097 |
1.197 |
1.314 |
1.444 |
1.585 |
|
|
|
|
|
|
|
|
|
|
Miscellaneous Assets |
|
|
|
|
|
|
|
|
Deposits and Advances |
0.160 |
0.120 |
0.168 |
0.309 |
0.545 |
0.747 |
0.886 |
|
|
|
|
|
|
|
|
|
|
|
1.707 |
1.820 |
2.062 |
2.425 |
2.903 |
3.325 |
3.693 |
PROJECTED FUND
FLOW STATEMENT
(Rs. In Millions)
|
Particulars |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
|
Sources of Funds |
|
|
|
|
|
|
|
|
Net Profit before tax with depreciation
added back |
0.778 |
0.950 |
1.126 |
1.302 |
1.476 |
1.448 |
1.422 |
|
Interest in CC Limit |
0.300 |
0.050 |
0.050 |
0.050 |
0.050 |
0.050 |
0.050 |
|
Additional Capital Contribution |
0.398 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Unsecured Loans |
0.100 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Loan From Bank |
0.850 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
2.426 |
1.000 |
1.176 |
1.352 |
1.526 |
1.498 |
1.472 |
|
|
|
|
|
|
|
|
|
|
Application of Funds |
|
|
|
|
|
|
|
|
Increase in Working Capital |
0.353 |
0.094 |
0.097 |
0.099 |
0.102 |
0.073 |
0.072 |
|
Provision for Tax |
0.035 |
0.069 |
0.105 |
0.136 |
0.162 |
0.147 |
0.134 |
|
Repayment of Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Fixed Assets |
1.207 |
0.200 |
0.200 |
0.200 |
0.200 |
0.200 |
0.200 |
|
Increase in Miscellaneous Assets |
0.160 |
[0.040] |
0.048 |
0.141 |
0.236 |
0.202 |
0.139 |
|
Repayment of Term Loan |
0.121 |
0.121 |
0.121 |
0.121 |
0.121 |
0.121 |
0.121 |
|
Withdrawals |
0.500 |
0.550 |
0.600 |
0.650 |
0.700 |
0.750 |
0.800 |
|
|
2.376 |
0.671 |
1.171 |
1.347 |
1.521 |
1.493 |
1.466 |
|
|
|
|
|
|
|
|
|
|
Opening Balance |
0.000 |
0.050 |
0.055 |
0.060 |
0.065 |
0.070 |
0.075 |
|
+/- Surplus/ (Deficit) |
0.050 |
0.005 |
0.005 |
0.005 |
0.005 |
0.005 |
0.005 |
|
Closing Balance |
0.050 |
0.055 |
0.060 |
0.065 |
0.070 |
0.075 |
0.080 |
STATEMENT SHOWING
CALCULATION OF INTEREST ON TERM LOAN
(Rs. In Millions)
|
Year |
Ouarter 1 |
Quarter 2 |
Quarter 3 |
Quarter 4 |
Total Interest |
Repayment of Principal |
||||
|
|
Principal |
Interest |
Principal |
Interest |
Principal |
Interest |
Principal |
Interest |
|
|
|
1 |
0.850 |
0.030 |
0.820 |
0.029 |
0.789 |
0.028 |
0.759 |
0.027 |
0.113 |
0.121 |
|
2 |
0.729 |
0.026 |
0.698 |
0.024 |
0.668 |
0.023 |
0.638 |
0.022 |
0.096 |
0.121 |
|
3 |
0.607 |
0.021 |
0.577 |
0.020 |
0.546 |
0.019 |
0.516 |
0.018 |
0.079 |
0.121 |
|
4 |
0.486 |
0.017 |
0.455 |
0.016 |
0.425 |
0.015 |
0.395 |
0.014 |
0.062 |
0.121 |
|
5 |
0.364 |
0.013 |
0.334 |
0.012 |
0.304 |
0.011 |
0.273 |
0.009 |
0.045 |
0.121 |
|
6 |
0.243 |
0.009 |
0.213 |
0.007 |
0.182 |
0.006 |
0.152 |
0.005 |
0.028 |
0.121 |
|
7 |
0.121 |
0.004 |
0.091 |
0.003 |
0.061 |
0.002 |
0.030 |
0.001 |
0.011 |
0.121 |
STATEMENT SHOWING
COMPUTATION OF INTEREST
(Rs. In Millions)
|
Year |
CC Limit |
R.O. Interest |
Interest |
|
1 |
0.300 |
14.00% |
0.042 |
|
2 |
0.350 |
14.00% |
0.049 |
|
3 |
0.400 |
14.00% |
0.056 |
|
4 |
0.450 |
14.00% |
0.063 |
|
5 |
0.500 |
14.00% |
0.070 |
|
6 |
0.550 |
14.00% |
0.077 |
|
7 |
0.600 |
14.00% |
0.084 |
Fixed Assets:
·
New Plant and Machineries
·
Computer and Printer
·
Air Conditioner
·
Furniture and Fixtures
STATEMENT SHOWING
TOTAL COST OF THE PROJECT
(Rs. In Millions)
|
Particulars |
Name of the Qutotationer |
Machine Price |
CST/ VAT As applicable |
Packaging And Fwdg. |
Total price |
Installation Charges |
Total Cost |
|
Inkjet Printer Model : WITCOLOR-ULTRA 860 - One Unit |
Siare Technologies No. 15, 1st Floor, BTS Main Road,
Wilson Garden, Bangalore-560030 |
0.800 |
0.016 |
0.000 |
0.816 |
0.000 |
0.816 |
|
Power Back up system and Battery Cost - 12 Batteries |
PAE Limited D-29/2, TTC MIDC Industrial Area, Turbhe,
Navi Mumbai-400705 |
0.160 |
0.016 |
0.000 |
0.176 |
0.006 |
0.182 |
|
Computer and Equipment |
Mauli Computer 3/, Ratan Smruti, Tukaram Nagar, Ayre Road,
Dombivali (east) – 421201 |
0.119 |
0.000 |
0.000 |
0.119 |
0.000 |
0.119 |
|
Air Conditioners etc |
Gem electronics 2/3, Vithal Niwas, Bhagatsingh Road, Near
Aptech Computers, Dombivali (East)-421201 |
0.026 |
0.000 |
0.000 |
0.026 |
0.000 |
0.026 |
|
Furniture and Fixtures and Electrical Fittings |
Civil Contractor |
0.014 |
0.000 |
0.000 |
0.014 |
0.000 |
0.014 |
|
Total Cost of the Project |
|
1.119 |
0.032 |
0.000 |
1.151 |
0.006 |
1.157 |
STATEMENT SHOWING
MEANS OF FINANCE
|
Particulars |
Amount Rs. In Millions |
% Cont. |
|
Term Loan Against Plant and Machineries (Upto 75% of Cost) |
0.850 |
73.45% |
|
Own Contribution |
0.307 |
26.55% |
|
Total Cost of the project |
1.157 |
100.00% |
STATEMENT SHOWING
COMPUTATION OF CASH CREDIT REQUIREMENT
|
Nature of the Item |
Amount Rs. In Millions |
|
CURRENT ASSETS |
|
|
a) Stock of Goods |
|
|
Closing Stock ( 2 Weeks) |
0.112 |
|
b) Sundry Debtors ( 3 Week) |
0.379 |
|
GROSS WORKING CAPITAL REQUIREMENT |
0.491 |
|
Less: Sundry Creditors ( Nil Day) |
0.000 |
|
NET WORKING CAPITAL REQUIRMENT |
0.491 |
|
Less: Cash Credit to be Availed from the
bank ( 61.09%) |
0.300 |
|
PROPRIETOR’S OWN CONTRIBUTION ( 38.91%) |
0.191 |
MR. RAJAN DATTAGI MARATHE
INVESTMENT IN BUSINESS CAPITAL:
|
Name of the concern in which Investment is made |
Amount Invested Rs. In Millions |
|
Net Capital in M/s Om Enterprises |
1.150 |
|
Net Capital I M/s Sales Enterprises |
0.923 |
|
Investment in partnership firms |
2.119 |
DEPOSITS HELD WITH BANKS:
|
Name of the bank |
Nature of Deposits held |
Amount of
Deposits Rs. In Millions |
|
Corporation Bank |
Shares etc. |
0.020 |
IMMOVABLE PROPERTIES:
|
Name of the Owner |
Description of Property |
Type of Property, i.e whether residential / agricultural/ Industrial/
Commercial etc. |
|
Rajan Marathe |
Bungalow |
Residential |
|
Rajan Marathe |
Flat |
Residential |
|
Original Purchase Cost Rs. In Millions |
Present market value as on Rs. In Millions |
Details of encumbrances, if any, on the proeperty |
|
2.088 |
8.500 |
CC with Corporation Bank, Dombivali (East)
Branch |
|
1.191 |
3.750 |
OTHER ASSETS:
|
Nature/ Details of Assets |
Market Value
of assets as on (Rs. In
Millions) |
|
Cash and Bank Balance |
0.268 |
|
Deposits R Advance |
0.925 |
|
Gold and Jewellery |
0.396 |
|
Agri Heard etc |
0.250 |
Total Assets: Rs. 18.301 Millions
CREDIT LIMITS / FACILITIES WITH FINANCIAL INSTITUTIONS AND BANKS:
|
Name of the Institution/ Bank |
Details of Nature and Extent of Credit limits/ facilities enjoyed |
Details of securities furnished |
|
|
Nature of Credit facility |
Extent Rs. In Millions |
||
|
Corporation Bank |
HSG Loan Rs. 0.030 Millions |
0.350 |
Flat |
|
Corporation Bank |
HSG Loan 0.040 Millions CC Rs. 0.041 Million |
1.500 |
Bungalow |
|
Corporation Bank and Bank of Maharashtra |
HSG and Other Loan |
0.900 |
Bungalow |
Total Liabilities: Rs. 2.750 Millions
Net Worth: 15.551 Millions
OM ENTERPRISES
(Prop: Rajan
Dattaji Marathe)
BALANCE SHEET
(Rs. In Millions)
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.072 |
0.545 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1.072 |
0.545 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.574 |
0.431 |
|
|
2] Unsecured Loans |
|
0.430 |
0.000 |
|
|
3] Other Lonas |
|
0.201 |
0.200 |
|
|
TOTAL BORROWING |
|
1.205 |
0.631 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2.277 |
1.176 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.186 |
0.449 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.011 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.371 |
|
|
Sundry Debtors |
|
0.000 |
0.136 |
|
|
Cash & Bank Balances |
|
0.051 |
0.035 |
|
|
Other Current Assets |
|
0.883 |
0.213 |
|
|
Loans & Advances |
|
0.628 |
0.077 |
|
Total
Current Assets |
|
1.562 |
0.832 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
0.070 |
0.062 |
|
|
Provisions |
|
0.412 |
0.043 |
|
Total
Current Liabilities |
|
0.482 |
0.105 |
|
|
Net Current Assets |
|
1.080 |
0.727 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2.277 |
0.176 |
|
PROFIT & LOSS ACCOUNT
(Rs. In Millions)
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
Receipt From Fabrication Job |
|
2.541 |
2.171 |
|
|
Other Income |
|
0.090 |
0.120 |
|
|
Total Income |
|
2.631 |
2.291 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
0.358 |
0.245 |
|
|
Provision for Taxation |
|
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
|
0.358 |
0.245 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
|
0.401 |
0.893 |
|
|
Vehicle Charges |
|
0.082 |
0.000 |
|
|
Labour Charges |
|
0.080 |
0.000 |
|
|
Telephone Expenses |
|
0.031 |
0.024 |
|
|
Interest |
|
0.115 |
0.059 |
|
|
Depreciation & Amortization |
|
0.158 |
0.061 |
|
|
Other Expenditure |
|
1.406 |
1.009 |
|
Total Expenditure |
|
2.273 |
2.046 |
|
SAILEE ENTERPRISES
(Prop: Rajan
Dattaji Marathe)
CAPITAL ACCOUNT
|
Particulars |
Amount Rs. In Millions |
Particulars |
Amount Rs. In Millions |
|
To Withdrawals |
0.228 |
By Opening Balance |
0.959 |
|
To Cash/ Bank |
0.348 |
By Loan from Citi Bank 2 |
0.380 |
|
|
|
By Net Profit for the year |
0.112 |
|
To Closing Balance |
0.876 |
|
|
|
|
1.451 |
|
1.451 |
BALANCE SHEET
(Rs. In Millions)
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.875 |
0.959 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.875 |
0.959 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.380 |
|
|
2] Unsecured Loans |
|
0.199 |
0.199 |
|
|
TOTAL BORROWING |
|
0.199 |
0.579 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.074 |
1.538 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.459 |
0.880 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.288 |
0.148 |
|
|
Sundry Debtors |
|
0.188 |
0.257 |
|
|
Cash & Bank Balances |
|
0.015 |
0.059 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.250 |
0.250 |
|
Total
Current Assets |
|
0.741 |
0.714 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
0.126 |
0.056 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.126 |
0.056 |
|
|
Net Current Assets |
|
0.615 |
0.658 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.074 |
1.538 |
|
PROFIT & LOSS
ACCOUNT
(Rs. In Millions)
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
Construction Job Work |
|
1.208 |
1.078 |
|
|
Other Income |
|
0.060 |
0.108 |
|
|
Total Income |
|
1.268 |
1.186 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
0.112 |
0.122 |
|
|
Provision for Taxation |
|
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
|
0.112 |
0.122 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
|
0.412 |
0.485 |
|
|
Vehicle Charges |
|
0.067 |
0.059 |
|
|
Water Charges |
|
0.028 |
0.027 |
|
|
Business Promotion Expenses |
|
0.033 |
0.026 |
|
|
Sundry Expenses |
|
0.021 |
0.020 |
|
|
Depreciation & Amortization |
|
0.072 |
0.147 |
|
|
Other Expenditure |
|
0.523 |
0.300 |
|
Total Expenditure |
|
1.156 |
1.064 |
|
MR. RAJAN GOVIND TRILOKEKAR
Investment in Business Capital:
|
Name of the concern in which Investment is made |
Amount Invested Rs. In Millions |
|
Capital investments in proprietory/
individual concerns |
0.225 |
Other Assets:
|
Nature / Details of Assets |
Market Value of
assets as on (Rs. In
Millions) |
|
Cash and Bank |
0.020 |
|
Glow Cornment |
0.175 |
Total Assets: Rs. 0.355 Million
Net Worth : Rs. 0.355 Million
MR. SUDHAKAR RAGHUNATH
JADHAV
|
Name of the Owner |
Location/ Address of property |
Extent of land |
Present market value as on (Rs. In Millions) |
|
Mr. Sudhakar R Jadhav |
Nandiveli Road Dombivali (East) |
1200 Sq.ft |
3.600 |
Other Assets:
|
Nature / Details of Assets |
Market Value of
assets as on (Rs. In
Millions) |
|
Gold Ornaments |
0.200 |
|
Cash and Bank |
0.050 |
Total Assets: Rs. 4.000 Millions
Net Worth: Rs. 4.000 Millions
MR. AJAY ANANT TAVDE
Details of Assets Owned:
Investment in Business Capital:
|
Name of the concerns in which investment is made |
Amount Invested (Rs. In
Millions) |
|
Capital Invested in Proprietory Concern |
0.350 |
Depostis Held with others : Rs. 0.200 Million
Immovable Properties:
|
Name of the Owner |
Description of property |
Location/ Address of Property |
Extent of Land |
Type of Property i.e. whether residential/ Agricultural/ Industrial/
Commercial etc |
Present Market vale as on (Rs. In Millions) |
|
Ajay Tavde |
Agricultural Land |
Roha Raighad District |
3 ˝ Acres |
Bungalow |
0.350 0.400 |
Other Assets:
|
Nature/ Details of Assets |
Market Value of
Assets as on (Rs. In
Millions) |
|
Hero Honda Passion MH05AK490 |
0.040 |
|
Gold and Ornaments |
0.250 |
|
Cash and Bank |
0.025 |
Total Assets: Rs. 1.265 Millions
Net Worth: Rs. 1.265 Millions
AJAY ENTERPRISES
(Prop: Mr. Ajay
Anant Tawde)
CAPITAL ACCOUNT
|
Particulars |
Amount Rs. In Millions |
Particulars |
Amount Rs. In Millions |
|
To Withdrawals |
0.160 |
By Opening Balance |
0.424 |
|
To Tution Fees Paid |
0.012 |
By Net Profit for the year |
0.208 |
|
To House Rent Paid |
0.030 |
By Cahs and Bank |
0.050 |
|
To LIC Premium Paid |
0.017 |
|
|
|
To Closing Balance |
0.463 |
|
|
|
|
0.682 |
|
0.682 |
BALANCE SHEET
(Rs. In Millions)
|
SOURCES OF FUNDS |
|
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.463 |
0.425 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.463 |
0.425 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.463 |
0.425 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.127 |
0.103 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.026 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.122 |
0.079 |
|
|
Sundry Debtors |
|
0.104 |
0.072 |
|
|
Cash & Bank Balances |
|
0.032 |
0.013 |
|
|
Other Current Assets |
|
0.075 |
0.075 |
|
|
Loans & Advances |
|
0.024 |
0.109 |
|
Total
Current Assets |
|
0.357 |
0.348 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
0.047 |
0.026 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
0.047 |
0.026 |
|
|
Net Current Assets |
|
0.310 |
0.322 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
0.463 |
0.425 |
|
PROFIT & LOSS
ACCOUNT
(Rs. In Millions)
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
|
|
Contract Receipts for Civil Construction and Labour ch and Aluminium
Sliding Isntallation |
|
1.531 |
1.126 |
|
|
Other Income |
|
0.000 |
0.009 |
|
|
Total Income |
|
1.531 |
1.135 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
0.208 |
0.147 |
|
|
Provision for Taxation |
|
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
|
0.208 |
0.147 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
|
0.348 |
0.303 |
|
|
Vehicle Charges |
|
0.018 |
0.006 |
|
|
Telephone and Mobile Expenses |
|
0.016 |
0.009 |
|
|
Business Promotion Expenses |
|
0.022 |
0.018 |
|
|
Sundry Expenses |
|
0.014 |
0.006 |
|
|
Depreciation & Amortization |
|
0.031 |
0.039 |
|
|
Other Expenditure |
|
0.874 |
0.607 |
|
Total Expenditure |
|
1.323 |
0.988 |
|
MR. DIGAMBAR PRABHAKAR
SONAVNE
Other Assets:
|
Nature/ Details of Assets |
Market Value of
Assets as on (Rs. In Millions) |
|
Cash and Bank Balance |
0.018 |
|
Gold and Ornaments |
0.074 |
|
Deposits and Advances |
0.150 |
|
Other Assets |
0.075 |
Total Assts: Rs. 0.342 Million
Net Worth: Rs. 0.342 Million
|
General |
|
|
Purpose for which valuation is made |
To ascertain fair market value |
|
Date on which valuation is made |
20.11.2008 |
|
Name of the owner/ owners |
Mr. Rajan Dattaji Marathe |
|
If the property is under joint ownership/
co-ownership, share of each such owner. Are the share undivided? |
Individual ownership |
|
Brief description of the property |
Bungalow at Plot No. RL 49, Dombivali MIDC
Resiodential Zone, Near Green School, Dombivali (East) |
|
Is the property situated in residential/
commercial/ mixed area/ Industrial area |
Residential |
|
Classification of locality –high class/
middle class / poor class |
Upper Middle Class |
|
Proximity to civic amenities like schools,
Hospitals, Offices, Market, Cinemas, etc. |
Available |
|
Means and Proximity to surface Communication
by which the locality is served. |
Rickshaws and Buses are available form
Dombivali (East) Station on C.R. |
|
|
|
|
LAND |
|
|
Area of land supported by documentary proof,
Shape, dimensions and physical features |
378 sq.mt (Total Area) 189 sq. mt. (Belongs to Mr. Rajan Marathe) |
|
It is freehold or lease-hold land? |
Leasehold (M.I.D.C land) |
|
If lease-hold, the name of lessor/ lessee,
Nature of lease, date of commencement And termination of lease, terms of
Renewal of lease. i)
Initial Premium ii)
Ground Rent payable per annum |
Lease period – 95 years w.e.f. 01.07.1988 |
|
|
|
|
IMPROVEMENTS: |
|
|
Furnished technical details of the building
on a separated sheet ( The Annexure to this Form may be used) |
Furnished in annexure |
|
(i)
Is the building owner-occupied/ tenanted/
both? (ii)
If partly owner-occupied, specify portion
and extent of area under owner-occupation |
Owner Occupied |
|
What is the Floor Space Index permissible
And percentage actually utilized? |
Permissible F.S.I is 1.00 full utilised |
VALUATION:
They inspected the bungalow at Plot No. RL 49,
Dombivali MIDC Residential Zone, Near Green School, Dombivali (East) within the
limits of 27 Gaon Grampanchayat, with a view to ascertain the fair market value
of the same as on valuation dated 20.11.2008.
The bungalow is Ground + 2 upper floor R.C.C
structure. Ground Floor consists of one bed room, living room, kitchen w.c bath
room, passage and staircase leading to 1st floor. 1st
floor has master bed room and staircase leading to 2nd floor. 2nd
floor has one master bed room, living room and terrace. All rooms have marble
flooring, 2 No. w.c. cum bath room has granite flooring and w.c. has galzed
tiles flooring, tiles up to roof level with concealed plumbing. Kitchen has ‘L’
shaped granite platform with S.S Sink. Teak wood wooden flush doors, wooden
glazed windows have been provided in the bungalow. All rooms have POP roofing,
the bungalow is well maintained. The total built –up area of the bungalow
admeasures about 189.00 sq.mt.
The bungalow also has boundary wall on all
sides, main gate, watchman cabin, paving in the compound, etc.
The building is Ground + 2 upper floor. It is
R.C.C frame structure with external 6” thick brick masonry walls and internal 4
˝ thick bric partition walls plastered with neeru faced cement plaster
internally and sand faced cement plaster externally. The underground R.C.C
water storage tank and overhead sintex water tank have been provided with
pumping facility. It has been constructed in or around in or around the year
2005. future life of the buildings is expected to be 45 years form appearance
of the building and under normal condition and subject to proper maintenance.
The plot on which the said building is situated,
is leasehold. It is located in residential area of upper middle class locality.
Rickshaws and Buses are available for surface communication from Dombivali
(East) Railway Station. The property is situated as 5 minutes by vehicle form
station at Dombivali (East). The area around the said property is well
developed. The amenities like Market, School, Hospital Banks, etc. are
available in the surrounding area.
The bungalow is owner occupied, and the full
F.S.I is utilized hence value is determined on the basis of rate per sq.ft of
built-up area of the bungalow. Considereing the type of construction,
specification of materials used, amenities provided, location and present
condition of the bungalow, age and expected future life of the building, rate of
Rs. 0.038 Million per sq.mt. of built –up area including civil interior is fair
and reasonable for the said bungalow on the date of valuation, in our opinion.
The total Value of the
Bungalow = 189.00 sq.mt X Rs. 0.038 Million
= Rs. 7.088 Millions
= Say Rs. 7.088 Millions
Considering all the factors enumerated above,
to the best of the knowledge and ability, thery are of the opinion that the
fair market value of the above mentioned Bungalow is Rs. 7.088 Millions as on
valuation dated 20.11.2008.
|
No. of Floors and height of each floor |
Ground + 2 upper floors |
|
Plinth area floorwise (as per IS 3861-1966) |
Built-up area of the bungalow = 189.00
sq.mt. |
|
Year of construction |
In or around the year 2005 to 2007 |
|
Estimated future life |
45 years (Opinion purely based on appearance
of the building and under normal condition and subject to proper maintenance) |
|
Type of construction –load bearing walls/
RCC frame/ steel frame |
R.C.C frame |
|
Type of foundations |
R.C.C footing |
|
Walls a) Basement and plinth b) Ground Floor c) Superstructure above ground floor |
9” thick brick masonry walls |
|
Partitions |
4 ˝ thick brick partition walls |
|
Doors and windows (Floorwise) a) Ground Floor b) 1st Floor c) 2nd Floor |
Teak wood wooden flush doors, wooden galzed
windows. |
|
Flooring (Floor wise) a) Ground Floor b) 1st Floor c) 2nd Floor |
All rooms have marble flooring all w.c. cum
bath rooms has granite flooring. |
|
Finishing (Floor wise) a) Ground Floor b) 1st Floor c) 2nd Floor |
Neeru faced cement plaster internally and
sand faced cement plaster externally. |
|
Roofing and terracing |
R.C.C slab |
|
Special architectural or decorative
features, if any |
The bungalow is well maintained |
|
(i) Internal wiring surface or conduit |
Conduit |
|
(ii) Class of fitting Superior/ ordinary/
poor |
Superior |
|
Sanitary installation |
|
|
(i) No. of Water Closets |
3 Nos. |
|
(ii) No. of lavatory basins |
3 Nos. |
|
(iii) No. of Urinals |
Nil |
|
(iv) No. of Sinks |
3 Nos. |
|
(v) No. of Bath Tubs |
1 No. |
|
(vi) No. of Bidets |
Nil |
|
(vii) No. of Geysers |
3 Nos. |
|
Class of fittings: Superior Coloured/
Superior white/ ordinary |
Superior |
|
Compound wall |
|
|
(i) Height and length |
5’ high |
|
(ii) Type of construction |
Brick masonry wall |
|
Underground sump-capacity and type of
construction |
R.C.C |
|
Over-head tank: |
|
|
(i) Where located |
On the terrace |
|
(ii) capacity |
-- |
|
(iii) Type of construction |
R.C.C |
|
Pumps No. and their power |
1 No. |
|
Roads and paving within the compound
Approximate area and type of paving |
Cement concrete paving |
|
Sewage dispose-whether connected to Public
sewers if septic tanks provided No, and capacity. |
Connected to municipal sewer |
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.12 |
|
UK Pound |
1 |
Rs.72.59 |
|
Euro |
1 |
Rs.63.52 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|