MIRA
INFORM REPORT
|
Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
FURNITURE POINT |
|
|
|
|
Registered
Office : |
14, New Subhash Nagar, Phase II, Lawyers Colony, |
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Country : |
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|
Financials (as
on) : |
31.03.2010 |
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Year of
Establishment : |
2007 |
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TIN No.: |
09202105875 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer of Furniture. |
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 : |
Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern in its field. Trade relations
are reported as fair. The valuation report and networth statement provided
seems to be satisfactory. No complaints have been heard from indirect or
market sources. It would be advisable to take adequate securities while dealing with
the subject. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Yogendra Sharma |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9837095458 |
|
Date : |
30.03.2011 |
LOCATIONS
|
Registered Office : |
14, New Subhash Nagar, Phase II, Lawyers Colony, |
|
Mobile No.: |
91-9837095458 (Mr. Yogendra Sharma) |
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|
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Factory/ Godown : |
Sharda Oil Mill Compound, Pir Kalyani, |
SOLE PROPRIETOR
|
Name : |
Mr. Yogendra Sharma |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
33 years |
|
Experience : |
4 years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Furniture. |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers · Board Enterprises · Sashmersh Builders and Construction Private Limited · Jain Furniture and Interior · Rajni Infrastructure Private Limited · Shiv Shakti Industries · Signal Core · Tej International ·
The · The Orchha Resort |
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Suppliers : |
· Agra Glass Home ·
· Ashok Paint House · Bansal Timber Products · Bedi Glass and Plywood · Haryana Plywood · Jaiswal Glass House · Jalan Laminates · Life Style Chair Gallery Private Limited |
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No. of Employees : |
5 (Office – 2 and Factory – 3) |
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Bankers : |
· Corporation Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
A. Varshne and Associates Chartered Accountant |
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Address : |
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Associates/Subsidiaries : |
§
Media House 32, |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.0.580 Million |
|
Borrowed : |
Rs.2.770
Millions |
|
Total : |
Rs.3.350 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietors Capital |
|
0.580 |
0.439 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
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|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.580 |
0.439 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.661 |
0.639 |
|
|
2] Unsecured Loans |
|
2.109 |
2.152 |
|
|
TOTAL BORROWING |
|
2.770 |
2.791 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
3.350 |
3.230 |
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|
|
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|
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APPLICATION OF FUNDS |
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|
|
|
|
|
|
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|
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|
FIXED ASSETS [Net Block] |
|
0.616 |
0.704 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
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|
|
|
|
|
|
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INVESTMENT |
|
0.000 |
0.051 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
3.118 |
2.704 |
|
|
Sundry Debtors |
|
1.001 |
0.732 |
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|
Cash & Bank Balances |
|
0.193 |
0.025 |
|
|
Other Current Assets |
|
0.049 |
0.108 |
|
|
Loans & Advances |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
4.361 |
3.569 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
1.379 |
0.919 |
|
|
Other Current Liabilities |
|
0.000 |
0.175 |
|
|
Provisions |
|
0.248 |
0.000 |
|
Total
Current Liabilities |
|
1.627 |
1.094 |
|
|
Net Current Assets |
|
2.734 |
2.475 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
3.350 |
3.230 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2010 |
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|
|
SALES |
|
|
|
|
|
|
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Income |
|
|
5.628 |
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|
|
Other Income |
|
|
0.000 |
|
|
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TOTAL |
|
|
5.628 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
4.507 |
|
|
|
Salaries and Wages |
|
|
0.337 |
|
|
|
Insurance |
|
|
0.010 |
|
|
|
Telephone Expenses |
|
|
0.003 |
|
|
|
VAT/ Sales Tax |
|
|
0.050 |
|
|
|
Audit Fees |
|
|
0.006 |
|
|
|
Other Expenses |
|
|
0.348 |
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|
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TOTAL |
|
|
5.261 |
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|
|
|
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|
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.367 |
|
|
|
|
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|
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|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.108 |
|
|
|
|
|
|
|
|
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|
PROFIT BEFORE
TAX |
|
|
0.259 |
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|
|
|
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|
|
Less |
TAX |
|
|
0.000 |
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|
|
|
|
|
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|
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|
PROFIT AFTER TAX |
|
|
0.259 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
4.60 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
4.60 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
5.20 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.45 |
NA |
|
|
|
|
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
|
7.58 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.68 |
3.26 |
LOCAL AGENCY FURTHER INFORMATION
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
|
|
|
|
Gross Sales |
8.000 |
10.000 |
|
|
|
|
|
Working Capital Requirement being (25% of Gross Estimated/ Projected Sales) |
2.000 |
2.500 |
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|
|
|
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Of Above Bank Finance is to the extent of
(20% of Gross sales) |
1.600 |
2.000 |
|
|
|
|
|
Minimum NWC/ Promoters Contribution @ 5 %
of gross Sales |
0.400 |
0.500 |
|
|
|
|
|
Actual NWC (CA – CL) |
0.099 |
0.495 |
|
|
|
|
|
MPBF |
1.501 |
1.505 |
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|
|
|
|
Party Request |
1.500 |
1.500 |
------------------------------------------------------------------------------------------------------------------------------
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
Gross Sales |
|
|
|
Domestic |
8.000 |
10.000 |
|
Export |
0.000 |
0.000 |
|
|
|
|
|
Sub Total (Gross Sales) |
8.000 |
10.000 |
|
|
|
|
|
Less : Excise Duty |
0.000 |
0.000 |
|
|
|
|
|
Net Sales |
8.000 |
10.000 |
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
0.00% |
25.00% |
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
Purchases
|
|
|
|
-
Imported |
0.000 |
0.000 |
|
-
Indigenous |
7.200 |
9.100 |
|
|
|
|
|
Others Stores and Spares |
|
|
|
-
Imported |
0.000 |
0.000 |
|
-
Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Power and Fuel |
0.012 |
0.015 |
|
Direct Wages (Factory Wages and Salaries) |
0.250 |
0.300 |
|
Repairs and Maintenance |
0.000 |
0.000 |
|
Other Direct Expenses |
0.000 |
0.000 |
|
Other Manufacturing Expenses |
0.000 |
0.000 |
|
Depreciation |
0.092 |
0.078 |
|
Other Expenses |
0.010 |
0.015 |
|
|
|
|
|
Sub
Total |
7.564 |
9.508 |
|
|
|
|
|
Add: Opening Stock in process |
0.000 |
0.000 |
|
|
|
|
|
Sub
Total |
7.564 |
9.508 |
|
|
|
|
|
Less: Closing Stock in process |
0.000 |
0.000 |
|
|
|
|
|
Cost
of Production/ Purchases |
7.564 |
9.508 |
|
|
|
|
|
Add: Opening Stocks of Finished Goods |
3.118 |
3.500 |
|
|
|
|
|
Sub
Total |
10.682 |
13.008 |
|
|
|
|
|
Less: Closing Stocks of Finished Goods |
3.500 |
3.900 |
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
7.182 |
9.108 |
|
|
|
|
|
Selling, General and Administrative Expenses |
0.240 |
0.265 |
|
|
|
|
|
Sub
Total |
7.422 |
9.373 |
|
|
|
|
|
Operating Profit before interests |
0.578 |
0.627 |
|
|
|
|
|
Interests |
0.280 |
0.280 |
|
|
|
|
|
Operating profit after Interests |
0.298 |
0.347 |
|
|
|
|
|
Total non Operating Income |
0.000 |
0.000 |
|
|
|
|
|
Total Non Operating Expenses |
0.000 |
0.000 |
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
0.298 |
0.347 |
|
|
|
|
|
Provision for taxes |
0.000 |
0.000 |
|
|
|
|
|
Net
Profit / Loss [PAT] |
0.298 |
0.347 |
|
|
|
|
|
Retained Profit |
0.298 |
0.347 |
|
|
|
|
|
% of Net Profit retained |
1.00 |
1.00 |
|
|
|
|
|
Net Cash Accruals |
0.390 |
0.425 |
|
|
|
|
|
PBT/ Net sales (%) |
3.73% |
3.47% |
|
PAT/ Net sales (%) |
3.73% |
3.47% |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
i. From Application Bank |
1.500 |
1.500 |
|
ii. From Other Banks |
0.000 |
0.000 |
|
|
|
|
|
SUB
TOTAL |
1.500 |
1.500 |
|
|
|
|
|
Short Term Borrowings From Others |
2.770 |
2.770 |
|
Sundry Creditors (Trader) |
0.940 |
0.860 |
|
Advances Payment from customers |
0.000 |
0.000 |
|
Provision For Taxes |
0.000 |
0.000 |
|
Creditor for Expenses |
0.000 |
0.000 |
|
Dividend Payable |
0.000 |
0.000 |
|
Other Statutory Liabilities (due within one years) |
0.000 |
0.000 |
|
Installments of term loans and Deferred Payment Credits |
0.000 |
0.000 |
|
Other current Liabilities and Provisions (due within one
years) |
0.051 |
0.010 |
|
|
|
|
|
SUB
TOTAL |
3.761 |
3.640 |
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
5.261 |
5.140 |
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
|
Term Loans |
0.000 |
0.000 |
|
Deferred Payment Credits |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Term Deposit |
0.000 |
0.000 |
|
Other Term Liabilities/
Unsecured Loans |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
TERM LIABILITIES |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
5.261 |
5.140 |
|
|
|
|
|
NET
WORTH |
|
|
|
Shares Capital |
0.802 |
1.015 |
|
Application Money |
0.000 |
0.000 |
|
Partner’s Current A/c |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
|
Revolution Reserve |
0.000 |
0.000 |
|
Reserves and Surplus |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Share Premium Account |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
NET WORTH |
0.802 |
1.015 |
|
|
|
|
|
TOTAL
LIABILITIES |
6.063 |
6.155 |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
Cash and Bank Balance |
0.010 |
0.035 |
|
Investments [Other than long term investments] |
0.050 |
0.050 |
|
Receivables other than deferred and exports |
1.800 |
1.650 |
|
Export receivables |
0.000 |
0.000 |
|
Government and other Trustee securities |
0.000 |
0.000 |
|
Fixed deposit with bank |
0.000 |
0.000 |
|
Domestic receivable Including BP/ BD |
0.000 |
0.000 |
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
Raw Materials |
|
|
|
- Imported |
0.000 |
0.000 |
|
- Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
|
|
|
|
|
Finished Goods |
3.500 |
3.900 |
|
|
|
|
|
Other Consumable Spares |
0.000 |
0.000 |
|
|
|
|
|
Advances to suppliers |
0.000 |
0.000 |
|
|
|
|
|
Advance Payment of Taxes |
0.000 |
0.000 |
|
|
|
|
|
Other Current Assets |
0.025 |
0.025 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
5.360 |
5.635 |
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
0.615 |
0.523 |
|
Depreciation to date |
0.092 |
0.078 |
|
|
|
|
|
NET
BLOCK |
0.523 |
0.445 |
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
Investments in sub |
0.000 |
0.000 |
|
|
|
|
|
Advances to suppliers of Capital goods and contractors |
0.180 |
0.075 |
|
|
|
|
|
Investment in Others |
0.000 |
0.000 |
|
|
|
|
|
Other Non-Current Investment |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.180 |
0.075 |
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
ASSETS |
6.063 |
6.155 |
|
|
|
|
|
Tangible Net Worth (TNW) |
0.802 |
1.015 |
|
|
|
|
|
Net Working Capital (NWC) |
0.099 |
0.495 |
|
|
|
|
|
Current Ratio |
1.02 |
1.10 |
|
|
|
|
|
TOL/ TNW |
6.56 |
5.06 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. YOGENDRA SHARMA
NAME
OF THE GUARANTOR: MR. JITENDRA SHARMA
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the property with survey No./
Door No. etc/ |
312, |
Shop No.32, B
-4, |
|
|
|
|
|
Description : Land/ Site/ Building |
2 BHK |
Shop |
|
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
Leasehold |
|
|
|
|
|
Type of Property: Commercial/ Residential/
Agricultural |
Residential Flat
|
commercial |
|
|
|
|
|
Present market / Assessed value |
Rs.0.230 Million |
Rs.2.000 Millions |
INVESTMENT IN BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in Which
Investment is made |
Furniture Point |
Media House |
|
|
|
|
|
Date of Investment |
2001 |
2003 |
|
|
|
|
|
Present Value of
Investment |
Rs.0.600
Million |
Rs.0.400
Million |
DEPOSITS HELD WITH BANKS/
COMMERCIAL/ OTHER LENDER ETC.
|
Name of the Bank/ Company where deposits are held |
Corporation Bank |
Corporation Bank |
|
|
|
|
|
Date of deposits |
-- |
-- |
|
|
|
|
|
Nature of Deposits |
SB Current |
SB Current |
|
|
|
|
|
Present Value of deposits |
Rs.0.050
Million |
Rs.0.050
Million |
LIFE INSURANCE POLICY
|
Policy Numbers |
Various |
Various |
|
|
|
|
|
Endowment/ Whole Life etc. |
Endowment |
Endowment |
|
|
|
|
|
Annual Premium |
0.050 |
0.060 |
|
|
|
|
|
Sum Assured |
0.800 |
0.900 |
|
|
|
|
|
Surrender
Value |
Rs.0.240 Million |
Rs.0.360 Million |
OTHER
ASSETS
|
Furniture and Fixtures |
0.400 |
0.200 |
|
|
|
|
|
Cash in Hand |
0.200 |
0.250 |
|
|
|
|
|
Jewellery |
0.500 |
0.400 |
|
|
|
|
|
Plant and Machinery |
0.600 |
0.200 |
|
|
|
|
|
Other assets if any (Household Items) |
0.200 |
0.150 |
|
|
|
|
|
Total
Value of Other Assets |
Rs.1.900 Millions |
Rs.1.200 Million |
|
TOTAL
ASSETS |
RS.3.020 MILLIONS |
RS.4.010 MILLION |
LIABILITIES
FURNISH
LOANS AVAILED FROM BANKS/ FINANCIAL INSTITUTIONS AND OTHER BORROWINGS
|
Name of the Banks/ Institute |
Corporation Bank
|
State Bank of |
|
|
|
|
|
Nature / Type of Loans |
CC / TLS |
Housing Loan |
|
|
|
|
|
Date of Loan |
18.03.2008 /
05.05.2008 |
Old |
|
|
|
|
|
Amount of Loan Availed |
Rs.0.200 Million
/ Rs.0.300 Million |
Rs.0.985 Million
|
|
|
|
|
|
Security offered if any |
Shop 32-B-4, S.
P. Agra, |
Residential
House |
|
|
|
|
|
Amount
Outstanding |
Rs.0.200 Million /Rs.0.110 Million Total = Rs.0.310 Million |
Rs.0.060 Million |
|
TOTAL
LIABILITIES |
RS.0.310 MILLION |
RS.0.060 MILLION |
|
NET
WORTH |
RS.2.710 MILLIONS |
RS.3.950 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
GENERAL
INFORMATION
|
Name of the Party/ Purchaser and Address Name of the reported Owner/Owners in whose
name the prop registered and address |
Mr. Jitendra Sharma S/o Mr. D. K. Sharma R/O 14, New Subhash Nagar Ph-Il, Lawyers
Colony, |
|
|
|
|
Purpose of Valuation: |
Corporation Bank, |
|
|
|
|
List of documents produced for perusal |
|
|
|
|
|
Date of Inspection |
22.02.2011 |
|
|
|
|
Date of valuation |
23.02.2011 |
|
|
|
|
Approximate distance from the branch to the
property: |
About 1.0 Km |
|
|
|
|
Situation/location/brief description of
land/site and brief description of the building: |
Basement, S/No B-4, Block No 32/2/4, Sanjay
Place, Hariparbat Ward, Agra |
|
|
|
|
Boundaries of the Property |
E- Common Corridor W- Common Corridor N- S/ No 32/B—6 S- S/ No 32/B—2 |
|
|
|
|
Property Tax details |
NA |
|
|
|
|
Assuming the entire property is let out, the
probable monthly rent and advance building rent: |
Rs.6000.00 Per Month |
|
|
|
|
Whether the building plan has been approved?
Approving Authority, and whether the building has been constructed as per the
approved plan If No, The reason for non approval |
Approved |
|
|
|
|
General Remarks: |
NA |
|
|
|
|
VALUATION DETAILS: LAND |
|
|
Total Area (Extent) of the Site/ land |
390.08 Sq. Ft. (Covered Area) |
|
|
|
|
Description of the Site/Land: |
|
|
Character of locality: |
Commercial |
|
|
|
|
Classification |
High Class |
|
|
|
|
Development of surrounding area: |
Fully developed |
|
|
|
|
Is the locality subjected frequent Flooding: |
No |
|
|
|
|
Feasibility of civic amenities like school,
Hospital, Offices, Markets Etc. |
Within 1 KM Distance |
|
|
|
|
Shape of the plot: |
Rectangular |
|
|
|
|
Type of use to which it can be put: |
Commercial |
|
|
|
|
Any other restriction of usage: |
Commercial |
|
|
|
|
Nature of right, whether lease hold/ Free
hold: |
Lease Hold |
|
|
|
|
Road Facility: |
Yes |
|
|
|
|
Is it a corner plot: |
No |
|
|
|
|
Water supply/ potentiality: |
Yes |
|
|
|
|
Under ground Sewerage System: |
Sewer Line |
|
|
|
|
Any other sentimental/social issue which may
affect the use: |
N.A |
|
|
|
|
General Remarks |
No |
|
|
|
|
Prevailing Unit Market rate: |
Rs.5000.00 per Sq. Ft for Basement (Including share of land) |
|
|
|
|
Unit rate adopted in this valuation: |
Rs.5000.00 per Sq. Ft |
|
|
|
|
Circle rate: |
Rs.72900.00 per Sq Mt of covered area |
|
|
|
|
Valuation of site/Land: |
N.A |
|
|
|
|
VALUATION DETAILS: BUILDING: |
|
|
Type of construction: |
R.C.C framed structure |
|
|
|
|
Quality of Construction: |
Good |
|
|
|
|
Appearance of Building: |
Attractive |
|
|
|
|
Number of Floors: |
One |
|
|
|
|
Maintenance of building: |
Good |
|
|
|
|
Description of Building |
|
|
Foundation: |
Isolated Foundation |
|
|
|
|
Superstructure: |
Framed structure |
|
|
|
|
Roof: |
R.C.C |
|
|
|
|
Doors: |
M.S Shutters |
|
|
|
|
Windows: |
Glass |
|
|
|
|
Sanitary Fittings: |
N.A |
|
|
|
|
Flooring: |
Tile Flooring |
|
|
|
|
Electricity Supply: |
Internal |
|
|
|
|
Total Plinth area: |
Basement 390.08 Sq. Ft |
|
|
|
|
Year of Construction: |
1993 |
|
|
|
|
Total life of building estimated |
53 Year |
|
|
|
|
General Remarks: |
NA |
|
|
|
|
Replacement rate of construction with the existing
conditions and specifications. |
N.A |
|
|
|
|
Replacement value: |
N.A |
|
|
|
|
Depreciation value at the rate of: |
1.5 % (N.A, rate taken is including
depreciation) |
|
|
|
|
Present value of building: |
Rs.2.000 Millions |
|
|
|
|
CALCULATION- |
|
|
Bas Covered area 390.08 Sq Ft @ Rs.5000.00
per Sq Ft |
Rs.1.950 Millions |
|
Add for Furnisher L.S |
Rs.0.050 Million |
|
|
|
|
(Above taken rate is including share of land
and depreciation) |
Rs.2.000 Millions |
|
|
|
|
Total Valuation |
NA |
|
|
|
|
Valuation of Building |
Rs.2.000 Million (Including share of Land) |
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF
SECURITIES PRIME AS WELL AS COLLATERAL OFFERED
(RS. IN MILLIONS)
|
Type of Security
|
Name of the Owner
/ Title Holder/ Insured Depositor |
Location of the
Property |
Purchases price/
Face Value / Cost |
Market Value
Surrender Value |
|
|
|
|
|
|
|
Shop |
Mr. Jitendra Sharma Prop. of Media
House |
|
Rs.2.000 Millions |
Rs.2.500 Millions |
|
|
|
|
|
|
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.22 |
|
|
1 |
Rs.71.97 |
|
Euro |
1 |
Rs.63.23 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.