MIRA INFORM REPORT
|
Report Date : |
11.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
ENHANCE PROTEINS LIMITED |
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Registered
Office : |
No. 78/3, Janpath, |
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Country : |
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Date of Incorporation
: |
18.10.2010 |
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Com. Reg. No.: |
209451 |
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CIN No.: [Company Identification
No.] |
U15400DL2010PLC209451 |
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IEC No.: |
0510076190 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELE05706B |
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PAN No.: [Permanent Account No.] |
AACCE5529R |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
Suppliers of a wide range of Specialty Milk Ingredients
and Whey Proteins. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to complete its first full year of
operations. The valuation report provided is of a much lesser value than the proposal
amount. No further details or payment could be made available. 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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Ajay Nagpal |
|
Designation : |
Chief Finance Officer |
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Contact No.: |
91-9650100492 |
|
Date : |
05.04.2011 |
LOCATIONS
|
Registered Office : |
78/3, 2nd Floor, Janpath, |
|
Tel. No.: |
91-11-23353191/ 23353192/ 23353193/ 23353194/ 23356086-89 |
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Mobile No.: |
91-9650100492 (Mr. Ajay Nagpal) |
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Fax No.: |
91-11-23718056 |
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E-Mail : |
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Website : |
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Area : |
3000 sq. ft. |
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Location : |
Rented |
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Corporate/ Marketing Office : |
No.5, First Floor, Westend Marg, Saidulajab, |
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Area : |
3200 sq. ft. |
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Location : |
Rented |
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Branches and Godown : |
B – 228, V K I |
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Tel No.: |
91-141-4020266/ 2333815 |
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Area : |
800 sq. ft. |
|
Location : |
Rented |
DIRECTORS
|
Name : |
Mrs. Deepa Goyal |
|
Designation : |
Director |
|
Address : |
S – 33, Greater Kailash, Part II, 2nd Floor, |
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Date of Birth/Age : |
24.06.1971 |
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Qualification : |
Fashion Designer |
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Experience : |
15 Years |
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Email : |
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Name : |
Mr. Anand Satram |
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Designation : |
Director |
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Address : |
C – 2/37, Sector – 31, Noida – 201301, |
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Date of Birth/Age : |
29.03.1964 |
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Qualification : |
Graduate |
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Experience : |
20 years |
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Email : |
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Name : |
Mr. Rajat Goyal |
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Designation : |
Director |
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Address : |
L-1/8, 2nd Floor, Hauz Khas Enclave, |
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Date of Birth/Age : |
03.04.1967 |
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Qualification : |
MBBS |
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Experience : |
23 years |
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Email : |
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Name : |
Mr. Devendra Singh |
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Designation : |
Director |
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Address : |
108-C, 2nd Floor, DDA Flats, Jhilmil, Vivek Vihar, |
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Date of Birth/Age : |
01.09.1970 |
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Date of Ceasing : |
10.01.2011 |
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Email : |
KEY EXECUTIVES
|
Name : |
Mr. Ajay Nagpal |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
Percentage of
Holding |
|
|
|
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|
Deepa Goyal |
|
76% |
|
Mahaan Proteins Limited, |
|
24% |
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Total |
|
100.00% |
BUSINESS DETAILS
|
Line of Business : |
Suppliers of a wide range of Specialty Milk Ingredients
and Whey Proteins. |
|
|
|
|
Products : |
· Rennet Casein · Industrial Acid Casein · Edible Acid Casein · Sodium Caseinate · Calcium Caseinate · Instant Potassium Caseinate · Instant Magnesium Caseinate · Instant Calcium Caseinate · Instant Sodium Caseinate |
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Imports : |
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Products : |
Wheypowder Concentrate |
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Countries : |
·
·
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Terms : |
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Selling : |
Cash and Credit (30-60-90 days) |
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Purchasing : |
L/C, Cash and Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and End Users |
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Suppliers : |
·
Milei GMBH, · Tatua Co-operative Dairy Company Limited |
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No. of Employees : |
16 (Approximately) (Office- 8, Branch- 5 and Branch and Godown- 3) |
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Bankers : |
· City Union Bank Limited Door No.30, Block – B1, Janakpuri, · Corporation Bank |
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Facilities : |
Rs.65.000 Millions (Rs.40.000 Millions Fund Base and Rs.25.000 Millions Non Fund Base) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Dawar Mathur and Goel Chartered Accountant |
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Address : |
41, Vivekanand Puri Sarai Rohilla, |
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Tel. No.: |
91-11-23691325 |
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Email : |
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Associates/Subsidiaries : |
· Mahaan Proteins Limited 78/3, 2nd Floor, Janpath, Line of Business: Dairy Industry. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
2000000 |
Equity Share |
Rs.10/- each |
Rs.20.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50600 |
Equity Share |
Rs.10/- each |
Rs.0.506
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL INDICATORS FOR WORKING CAPITAL
|
For the year
ended 31st March |
1 |
2 |
3 |
|
|
|
|
|
|
Net Sales |
3884 |
7801 |
10949 |
|
|
|
|
|
|
EBIDTA |
395 |
734 |
1189 |
|
|
|
|
|
|
PBT |
343 |
596 |
1051 |
|
|
|
|
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PAT |
226 |
393 |
693 |
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|
|
|
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|
Net Cash
Accruals |
227 |
395 |
695 |
|
|
|
|
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|
EBIDTA/ Net
Sales (%) |
10.2 |
9.4 |
10.9 |
|
|
|
|
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|
PAT/ Net Sales
(%) |
5.8 |
5.0 |
6.3 |
|
|
|
|
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Gross Block |
10 |
20 |
20 |
|
|
|
|
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Net Block |
10 |
18 |
16 |
|
|
|
|
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Paid up Capital |
200 |
200 |
200 |
|
|
|
|
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Tangible Networth
(TNW) |
426 |
820 |
1513 |
|
|
|
|
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Current Assets |
2217 |
2161 |
2879 |
|
|
|
|
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Current Liabilities |
1500 |
1059 |
1081 |
|
|
|
|
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Net Working Capital |
717 |
1102 |
1798 |
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Current Ratio |
1.48 |
2.04 |
2.66 |
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|
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ROCE (%) |
12 |
25 |
29 |
|
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|
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|
Interests Coverage Ratio |
5.45 |
3.91 |
6.11 |
|
|
|
|
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|
DSCR |
5.45 |
3.91 |
6.11 |
|
|
|
|
|
|
DER |
2.06 |
0.89 |
0.55 |
------------------------------------------------------------------------------------------------------------------------------
OPERATING
STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
2010-11 Estimated |
2011-12 Projected |
|
|
|
|
|
Gross Sales |
|
|
|
- Domestic |
383.352 |
780.052 |
|
- Exports |
0.000 |
0.000 |
|
- Trading |
0.000 |
0.000 |
|
|
|
|
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Total |
383.352 |
780.052 |
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
|
|
|
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|
Net Sales |
383.352 |
780.052 |
|
|
|
|
|
%age rise/ fall in net sales as compared to previous year |
-- |
100.86% |
|
|
|
|
|
Cost of Sales |
|
|
|
Raw Materials (Including stores and Other items Used in the Process of
Manufacturer) |
|
|
|
- Imported |
0.000 |
0.000 |
|
- Indigenous |
425.489 |
668.741 |
|
- Stores / Packing |
0.858 |
1.950 |
|
|
|
|
|
Other Spares |
|
|
|
- Imported |
0.000 |
0.000 |
|
- Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Power and Fuel |
|
|
|
Direct Labour (Factory, wages and salaries) |
3.000 |
15.600 |
|
Other Manufacturing Expenses |
0.858 |
1.699 |
|
Depreciation |
0.050 |
0.200 |
|
|
|
|
|
Sub – Total |
430.255 |
688.190 |
|
|
|
|
|
Add: Opening Stocks in Process |
0.000 |
12.500 |
|
|
|
|
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Total |
430.255 |
700.690 |
|
|
|
|
|
Deduct: Closing Stocks in Process |
12.500 |
12.500 |
|
|
|
|
|
Cost of
Production |
417.756 |
688.190 |
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.000 |
69.779 |
|
|
|
|
|
Sub Total |
417.755 |
757.969 |
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
69.779 |
58.890 |
|
|
|
|
|
Sub Total (Total
Cost of Sales) |
347.976 |
699.079 |
|
|
|
|
|
Cost of Sales % |
90 |
90 |
|
|
|
|
|
General, Administrative and selling Expenses |
0971 |
7.801 |
|
|
|
|
|
Sub- Total |
348.947 |
706.880 |
|
|
|
|
|
% |
10 |
9 |
|
|
|
|
|
Operating Profit before interest |
39.405 |
73.172 |
|
|
|
|
|
Interest Expenses |
5.100 |
13.600 |
|
|
|
|
|
Profit after interest |
34.305 |
59.572 |
|
|
|
|
|
Add: Other Non Operating Incomes |
0.000 |
0.000 |
|
|
|
|
|
Deduct: Other Non Operating Expenses |
0.000 |
0.000 |
|
|
|
|
|
Net of Other Non-Operating Income/ Expenses |
0.000 |
0.000 |
|
|
|
|
|
Profit before tax |
34.305 |
59.572 |
|
|
|
|
|
Provision for taxes |
11.664 |
20.255 |
|
|
|
|
|
Net Profit/ loss |
22.641 |
39.318 |
|
|
|
|
|
Dividends (Including Tax) |
0.000 |
0.000 |
|
|
|
|
|
Retained Profit |
22.641 |
39.318 |
|
|
|
|
|
Retained Profit/ Net Profit -% |
100 |
100 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF
BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
2010-11 Estimated |
2011-12 Projected |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
Short term bank borrowings |
|
|
|
- From Applicant Bank |
150.000 |
100.000 |
|
- From Other Banks |
0.000 |
0.000 |
|
(Of which BP and BD) |
0.000 |
0.000 |
|
|
|
|
|
Sub Total (A) |
150.000 |
100.000 |
|
|
|
|
|
Short Term borrowing- others |
0.000 |
0.000 |
|
|
|
|
|
Creditors |
0.000 |
5.664 |
|
|
|
|
|
Current Liabilities |
0.000 |
0.000 |
|
|
|
|
|
Security Deposits and Payable to Dealers |
0.000 |
0.000 |
|
|
|
|
|
Provision for Doubtful Debt |
0.000 |
0.000 |
|
|
|
|
|
Other Current Liabilities |
0.007 |
0.225 |
|
|
|
|
|
SUB TOTAL (B) |
0.007 |
5.889 |
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
150.007 |
105.889 |
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
|
|
|
|
|
Creditors for Capital Goods |
0.000 |
0.000 |
|
|
|
|
|
Term Loan |
0.000 |
0.000 |
|
|
|
|
|
Deferred sales Tax liabilities |
0.000 |
0.000 |
|
|
|
|
|
Term Deposits |
0.000 |
0.000 |
|
|
|
|
|
Other Term Liabilities |
30.000 |
30.000 |
|
|
|
|
|
TOTAL TERM
LIABILITIES |
30.000 |
30.000 |
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
180.007 |
135.889 |
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
Equity Share Capital |
20.000 |
20.000 |
|
|
|
|
|
Share Application Money |
0.000 |
0.000 |
|
|
|
|
|
Deferred Tax Liability |
0.000 |
0.000 |
|
|
|
|
|
Reserve and Surplus |
0.000 |
0.000 |
|
|
|
|
|
Surplus (+) Deficit (-) in Profit and Loss A/c |
22.641 |
61.959 |
|
|
|
|
|
TOTAL NET WORTH |
42.641 |
81.959 |
|
|
|
|
|
TOTAL
LIABILITIES |
222.649 |
217.848 |
|
|
|
|
|
ASSETS |
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
Cash and bank balances |
16.094 |
27.530 |
|
|
|
|
|
Investment |
0.000 |
0.000 |
|
Receivables |
|
|
|
- Domestic Receivables |
58.253 |
65.004 |
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
Imported Raw Materials |
0.000 |
0.000 |
|
Indigenous Raw Materials |
65.072 |
52.173 |
|
|
|
|
|
Stock in Process |
12.500 |
12.500 |
|
Finished Goods |
69.779 |
58.890 |
|
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 |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
22.170 |
216.098 |
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
Gross Block |
1.000 |
2.000 |
|
|
|
|
|
Capital Work in Progress |
0.000 |
0.000 |
|
|
|
|
|
Depreciation to date |
0.050 |
0.250 |
|
|
|
|
|
Net Block |
0.950 |
1.750 |
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
|
Long term investments (In Subsidiaries) |
0.000 |
0.000 |
|
|
|
|
|
Other non Current assets |
0.000 |
0.000 |
|
|
|
|
|
Total other non
Current Assets |
0.000 |
0.000 |
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL ASSETS |
222.649 |
217.848 |
|
|
|
|
|
Tangible Net worth |
42.641 |
81.959 |
|
|
|
|
|
Net Working Capital |
7.169 |
110.209 |
|
|
|
|
|
Current Ratio |
1.48 |
2.04 |
|
|
|
|
|
Total Outside Liabilities/ Tangible Net worth |
4.22 |
1.66 |
|
|
|
|
|
Debt Equity Ratio |
0.70 |
0.37 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF
MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS IN MILLIONS)
|
Particulars |
2010-11 Estimated |
2011-12 Projected |
|
|
|
|
|
Total current assets |
221.699 |
216.098 |
|
|
|
|
|
Others Current Liabilities |
0.007 |
5.889 |
|
[Other than bank borrowings and T L Installment] |
|
|
|
|
221.691 |
210.209 |
|
Working capital gap [WCG] |
|
|
|
|
|
|
|
Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables |
55.425 |
54.025 |
|
|
|
|
|
Actual/ Projected net working capital |
71.691 |
110.209 |
|
|
|
|
|
Item 3 minus item 4 |
166.267 |
156.185 |
|
|
|
|
|
Item 3 minus item 5 |
150.000 |
100.000 |
|
|
|
|
|
Maximum permissible bank finance |
150.000 |
100.000 |
|
|
|
|
|
Excess borrowings, if any representing shortfall in NWC |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT OF IMMOVABLE PROPERTY
PART – A
|
GENERAL DETAILS |
||
|
Purpose of Valuation |
Fair Market Value for bank credit facilities |
|
|
|
|
|
|
Name of the Owner (as reported) with address and phone number |
Mr. Rajiv Goyal R/O: B-14, Second Floor, Saket, (M. 91-9871609781) |
|
|
|
|
|
|
Brief description of the property under Valuation |
This is a second Floor in a basement + GF + 2 Storied building having kitchen, sitting room, lobby, three bed rooms, drawing room, beside four toilets and a servant quarter attached to the floor. This property is constructed on a plot of 666.66 sq. yard plot. This valuation is for second floor along with part of terrace right only (front side). |
|
|
|
|
|
|
Scope of Valuation |
To assess Fair Market Value |
|
|
|
|
|
|
This report is to be used for any bank purpose, state the name of the bank and branch, if known |
Owner |
|
|
|
|
|
|
DESCRIPTION OF THE PROPERTY |
||
|
Postal address of the property |
B-14, Second Floor, Malviya Nagar Extn. Saket, |
|
|
|
|
|
|
Location of the property Plot No./ Nagar S. F. No./ T. S. no./ R. S. No. Village/ Block Taluk/ Ward District/ Municipality/ Corporation |
B-14, Second Floor, Malviya Nagar Extn. Saket, |
|
|
|
|
|
|
Boundaries of the
Property |
As per deed |
Actual |
|
North |
Service lane |
Service lane |
|
South |
Road 45’ wide |
Road 45’ wide |
|
East |
Plot No. B - 15 |
Plot No. B – 15 |
|
West |
Plot No. B – 13 |
Plot No. B – 13 |
|
|
|
|
|
Property Tax Receipt Referred Assessment Number |
518003 Dated 16.07.2009 |
|
|
|
|
|
|
Tax Amount |
Rs.150/- |
|
|
|
|
|
|
Receipt in the name of |
|
|
|
|
|
|
|
Electricity service Connection number meter car is in the name of |
Not Provided |
|
|
|
|
|
|
Property is presently occupied by |
Owner |
|
|
|
|
|
|
If tenanted fully, what is expected monthly rent? |
NA |
|
|
|
|
|
|
PROCEDURE OF VALUATION |
||
|
Valuation Details |
Discussed in Part A, B, C, D, E and F |
|
|
|
|
|
|
F.S.I. 1.2 |
Plot Coverage 40% |
|
|
|
|
|
|
PART B – LAND |
||
|
Dimension of the
site |
a. As per Title Deed |
b. Actual |
|
North |
|
52’ |
|
South |
|
52’ |
|
East |
|
105’5” |
|
West |
|
115’5” |
|
|
|
|
|
Extent of Site (Least of 1a and 1b) |
666.66 sq. yards. |
|
|
|
|
|
|
Characteristics of
the site |
||
|
What is the character of the locality |
Residential |
|
|
|
|
|
|
What is the classification of the locality? |
Medium |
|
|
|
|
|
|
Road facilities are available? |
Yes |
|
|
|
|
|
|
What is the width of the Road? |
Approx. 45’ wide |
|
|
|
|
|
|
Any factors which affect the marketability of the land? |
Nil |
|
|
|
|
|
|
Tenure of the Land? |
Freehold |
|
|
|
|
|
|
Value of adopting
GLR |
||
|
Guideline rate as obtained from the registrar’s office |
Rs.27,300/- per sq. mtrs. |
|
|
|
|
|
|
Value of land by adopting GLR |
558 sq. mtrs. X Rs.27,300/- = Rs.15.233 Millions |
|
|
|
|
|
|
Value by adopting
PMR |
||
|
Prevailing Market Rate Unit Rate adopting in this valuation |
Rs.2,50,000/- to Rs.3,00,000/- per sq. yard. |
|
|
|
|
|
|
After considering the characteristics of the subject plot |
Rs.2,75,000/- per sq. yard. |
|
|
|
|
|
|
Shared value of SF by adopting PMR |
666.66 sq. yards x Rs.2,75,000/- x 25% = Rs.45.833 Millions |
|
|
|
|
|
|
PART C – BUILDING |
||
|
Type of construction |
RCC spread columns, Load bearing wall, RCC slab. |
|
|
|
|
|
|
Quality of Construction |
Average |
|
|
|
|
|
|
Appearance of Building |
Average |
|
ABSTRACT VALUE
|
Description |
Value
of Adopting (Rs.
In Millions) |
|
|
|
|
Land |
45.833 |
|
Building |
2.400 |
|
Amenities |
1.200 |
|
Services |
0.600 |
|
|
|
|
Total |
50.033 |
|
|
|
|
Present Market Value |
50.000
Millions |
------------------------------------------------------------------------------------------------------------
VALUATION
REPORT OF IMMOVABLE PROPERTY
PART – A
|
GENERAL DETAILS |
||
|
Purpose of Valuation |
Fair Market Value for bank credit facilities |
|
|
|
|
|
|
Date of Valuation |
23.08.2010 |
|
|
|
|
|
|
Name of the Owner (as reported) with address and phone number |
Mrs. Deepa Goyal and Mr. Rajiv Goyal R/O: B-14, Second Floor, Saket, (M. 91-9871609781) |
|
|
|
|
|
|
APARTMENT BUILDING |
||
|
Nature of Apartment |
Commercial |
|
|
|
|
|
|
Flat No, and Floor |
DTJ – 707, 7th Floor |
|
|
|
|
|
|
Name of Apartment |
-- |
|
|
|
|
|
|
Postal Address |
DTJ-707, 7th Floor, DLF, |
|
|
|
|
|
|
Location T. S. No. Block No. Ward No. Village/ Municipality/ corporation door No. Street or Road |
DTJ-706, 7th Floor, DLF, |
|
|
|
|
|
|
Description of Property |
This is commercial apartment at 7th floor admeasuring 1056 sq. ft. super area in A-3 + GF + 12 storied commercial building located at community Centre Jasola near Apollo Hospital Constructed by the DLF |
|
|
|
|
|
|
Year of Construction |
2008 |
|
|
|
|
|
|
Residential Life of the Building |
60 years |
|
|
|
|
|
|
Number of Floors |
-3 + GF + 12 |
|
|
|
|
|
|
Type of Structure |
RCC/ Spread, Load bearing walls RCC Slab |
|
|
|
|
|
|
Number of Dwelling units in Building |
-- |
|
|
|
|
|
|
Quality of Construction |
Average |
|
|
|
|
|
|
Appearance of the Building |
Average |
|
|
|
|
|
|
Maintenance of the Building |
Average |
|
|
|
|
|
|
Facilities
Available |
Proposed |
Existing |
|
Lift |
Nil |
Yes |
|
Protected Water Supply |
Yes |
|
|
Underground Sewerage |
Yes |
|
|
Car Parking – Open/ Covered |
Open |
|
|
Alround compound wall Existing pavement is laid around the building? |
Yes |
|
|
Any others? |
Yes |
|
|
|
|
|
|
Boundaries |
North: Apartment No.708 South: Apartment No.706 East: Passage West: Open Down |
|
|
|
|
|
|
FLAT UNDER VALUATION |
||
|
The Floor in which the property is situated |
7th Floor |
|
|
|
|
|
|
Door Number of the Flat |
707 |
|
|
|
|
|
|
Specification of
the Flat |
Proposed |
Existing |
|
Roof |
|
RCC |
|
Flooring |
|
Ceramic |
|
Doors |
|
Wooden/ Steel |
|
Windows |
|
Wooden/ Steel |
|
Fittings |
|
Average |
|
|
|
|
|
House Tax Assessment No. |
Not Provided |
|
|
|
|
|
|
Electricity service Connection number meter car is in the name of |
Not Provided |
|
|
|
|
|
|
How is the maintenance of the Flat? |
Average |
|
|
|
|
|
|
|
Owner |
|
|
|
|
|
|
What is the super area of Flat as per sale deed? |
Approx. 1056 sq. ft. |
|
|
|
|
|
|
What is the covered area of the Flat? |
Approx. 825 sq. ft. |
|
|
|
|
|
|
What is the Floor Space index? |
-- |
|
|
|
|
|
|
What is the Carpet Area of the Flat? |
Approx. 775 sq. ft. |
|
|
|
|
|
|
Is it posh/ I Class/ Medium/ Ordinary? |
Medium |
|
|
|
|
|
|
Is it being used for residential or commercial? |
Commercial |
|
|
|
|
|
|
Is it owner occupied or tenanted? |
Owner |
|
|
|
|
|
|
Is tenanted, what is the monthly rent? |
NA |
|
|
|
|
|
|
PART – B VALUATION OF EXISTING FLAT |
||
|
Total Composite Rate Arrived for valuation |
On verification in the area it was found that the total depreciated composite rate of such kind of flat varies between Rs.20,000/- to Rs.25,000/- per sq, ft, They are taking a rate of Rs.20,000/- per sq. ft. on super area considering location, building and other features including services. |
|
PART – C VALUATION DETAILS
|
Description |
Quantity
|
Rate
|
Present
valu4e (Rs.
In Millions) |
|
|
|
|
|
|
Present value of
the floor |
1056 sq. ft. |
20,000/- |
21.120 |
|
Wardrobes |
|
|
|
|
Show Cases |
|
|
|
|
Kitchen
arrangements |
|
|
|
|
Superfine finish |
|
|
|
|
Interior
Decorations |
|
|
|
|
Electricity, water,
drainage disposal etc. |
|
|
|
|
Electricity
fittings/ special fittings |
|
|
|
|
Extra collapsible
Gates/ Grill works etc. |
|
|
|
|
Separate parking |
|
|
|
|
Share of Common
amenities, if any? |
|
LS |
0.300 |
|
|
|
|
|
|
Total |
|
|
21.420 |
Proportionate Value of Land = Rs.20.400
Millions
Proportionate value of Construction =
Rs.1.000 Million
-----------------------------------------------------------------------------------------------------------
VALUATION
REPORT OF IMMOVABLE PROPERTY
PART – A
|
GENERAL DETAILS |
||
|
Purpose of Valuation |
Fair Market Value for bank credit facilities |
|
|
|
|
|
|
Date of Valuation |
23.08.2010 |
|
|
|
|
|
|
Name of the Owner (as reported) with address and phone number |
Mrs. Deepa Goyal and Mr. Rajiv Goyal R/O: B-14, Second Floor, Saket, (M. 91-9871609781) |
|
|
|
|
|
|
APARTMENT BUILDING |
||
|
Nature of Apartment |
Commercial |
|
|
|
|
|
|
Flat No, and Floor |
DTJ – 706, 7th Floor |
|
|
|
|
|
|
Name of Apartment |
-- |
|
|
|
|
|
|
Postal Address |
DTJ-706, 7th Floor, DLF, |
|
|
|
|
|
|
Location T. S. No. Block No. Ward No. Village/ Municipality/ corporation door No. Street or Road |
DTJ-706, 7th Floor, DLF, |
|
|
|
|
|
|
Description of Property |
This is commercial apartment at 7th floor admeasuring 1056 sq. ft. super area in A-3 + GF + 12 storied commercial building located at community Centre Jasola near Apollo Hospital Constructed by the DLF |
|
|
|
|
|
|
Year of Construction |
2008 |
|
|
|
|
|
|
Residential Life of the Building |
60 years |
|
|
|
|
|
|
Number of Floors |
-3 + GF + 12 |
|
|
|
|
|
|
Type of Structure |
RCC/ Spread, Load bearing walls RCC Slab |
|
|
|
|
|
|
Number of Dwelling units in Building |
-- |
|
|
|
|
|
|
Quality of Construction |
Average |
|
|
|
|
|
|
Appearance of the Building |
Average |
|
|
|
|
|
|
Maintenance of the Building |
Average |
|
|
|
|
|
|
Facilities
Available |
Proposed |
Existing |
|
Lift |
Nil |
Yes |
|
Protected Water Supply |
Yes |
|
|
Underground Sewerage |
Yes |
|
|
Car Parking – Open/ Covered |
Open |
|
|
Alround compound wall Existing pavement is laid around the building? |
Yes |
|
|
Any others? |
Yes |
|
|
|
|
|
|
Boundaries |
North: Apartment No.707 South: Apartment No.705 East: Passage West: Open Down |
|
|
|
|
|
|
FLAT UNDER VALUATION |
||
|
The Floor in which the property is situated |
7th Floor |
|
|
|
|
|
|
Door Number of the Flat |
706 |
|
|
|
|
|
|
Specification of
the Flat |
Proposed |
Existing |
|
Roof |
|
RCC |
|
Flooring |
|
Ceramic |
|
Doors |
|
Wooden/ Steel |
|
Windows |
|
Wooden/ Steel |
|
Fittings |
|
Average |
|
|
|
|
|
House Tax Assessment No. |
Not Provided |
|
|
|
|
|
|
Electricity service Connection number meter car is in the name of |
Not Provided |
|
|
|
|
|
|
How is the maintenance of the Flat? |
Average |
|
|
|
|
|
|
|
Owner |
|
|
|
|
|
|
What is the super area of Flat as per sale deed? |
Approx. 1056 sq. ft. |
|
|
|
|
|
|
What is the covered area of the Flat? |
Approx. 825 sq. ft. |
|
|
|
|
|
|
What is the Floor Space index? |
-- |
|
|
|
|
|
|
What is the Carpet Area of the Flat? |
Approx. 775 sq. ft. |
|
|
|
|
|
|
Is it posh/ I Class/ Medium/ Ordinary? |
Medium |
|
|
|
|
|
|
Is it being used for residential or commercial? |
Commercial |
|
|
|
|
|
|
Is it owner occupied or tenanted? |
Owner |
|
|
|
|
|
|
Is tenanted, what is the monthly rent? |
NA |
|
|
|
|
|
|
PART – B VALUATION OF EXISTING FLAT |
||
|
Total Composite Rate Arrived for valuation |
On verification in the area it was found that the total depreciated composite rate of such kind of flat varies between Rs.20,000/- to Rs.25,000/- per sq, ft, They are taking a rate of Rs.20,000/- per sq. ft. on super area considering location, building and other features including services. |
|
PART – C VALUATION DETAILS
|
Description |
Quantity
|
Rate
|
Present
valu4e (Rs.
In Millions) |
|
|
|
|
|
|
Present value of
the floor |
1056 sq. ft. |
20,000/- |
21.120 |
|
Wardrobes |
|
|
|
|
Show Cases |
|
|
|
|
Kitchen
arrangements |
|
|
|
|
Superfine finish |
|
|
|
|
Interior
Decorations |
|
|
|
|
Electricity,
water, drainage disposal etc. |
|
|
|
|
Electricity
fittings/ special fittings |
|
|
|
|
Extra collapsible Gates/
Grill works etc. |
|
|
|
|
Separate parking |
|
|
|
|
Share of Common
amenities, if any? |
|
LS |
0.300 |
|
|
|
|
|
|
Total |
|
|
21.420 |
Proportionate Value of Land = Rs.20.400
Millions
Proportionate value of Construction = Rs.1.000
Million
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
TO
WHOMSOVER IT MAY CONCERN
MR.
RAJIV GOYAL
B-14,
Second Floor, Saket,
|
Details of the
Assets |
Value (Rs. In Millions) |
|
|
|
|
Details of
Immovable Property |
|
|
Residential Property Market Value (As per Valuation Certificated date 23.08.2010) |
50.000 |
|
Commercial Properties |
16.738 |
|
|
|
|
Total (A) |
66.738 |
|
|
|
|
Details of
Movable Properties |
|
|
Total (B) |
187.040 |
|
|
|
|
Details of
Liabilities |
|
|
Secured Loans |
27.622 |
|
Unsecured Loans |
1.792 |
|
|
|
|
Total (C) |
29.414 |
|
|
|
|
NET ASSETS (A+B-C) |
224.364 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
TO
WHOMSOVER IT MAY CONCERN
MRS.
DEEPA GOYAL
B-14,
Second Floor, Saket,
|
Details of the
Assets |
Value (Rs. In Millions) |
|
|
|
|
Details of
Immovable Property |
|
|
Commercial Properties (As per valuation Certificated Dated: 23.08.2010) |
67.800 |
|
|
|
|
Total (A) |
67.800 |
|
|
|
|
Details of Movable
Properties |
|
|
Bank Balance on 10.09.2010 |
0.248 |
|
Investment |
|
|
- Shares and Securities |
3.704 |
|
- Receivable |
16.383 |
|
|
|
|
Total (B) |
20.335 |
|
|
|
|
Details of
Liabilities |
-- |
|
Total (C) |
-- |
|
|
|
|
NET ASSETS (A+B-C) |
88.135 |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Wockhardt Limited
Tel No.: 91-22-26596072
Mr. M. K. Pandita (Quality Head)
· Herbalife International India Limited
Vaswani Wilshire,
Tel No.: 91-80-40311333
Mr. Steve Nazarbeth
(Procurement Head)
· Nestle India Limited
Nestle House, M Block,
Tel No.: 91-95124-2389300
Mr. Sunil Sood
(Procurement Head)
· Neeraj Marketing Company
J – 14, suraj Pale Anaj Mandi, Jaipur,
Tel No.: 91-141-2570027
Mr. Sunil (Partner)
------------------------------------------------------------------------------------------------------------------------------
WEBSITE DETAILS:
COMPANY PROFILE:
Owing to the rich expertise and experience of twenty years,
they are offering milk ingredients, milk formulations, milk protein
concentrate, lactose, milk powders and milk fat, whey powders, dairy whitener
and milk proteins. These are processed using quality raw material and are
widely appreciated owing to their high end features like high nutritional
content, purity and hygienic processing. The range is widely used in
nutritional and dietetic foods, clinical foods, health foods, sports foods,
confectionery and bakery, beverages, salad and soups, infant foods, etc and has
many positive health benefits. Moreover, they are recipient of several Awards
for export leadership position in
They have an on going R&D on which, they perennially spend 2 to3 % of their
yearly sales turnover. Moreover, they have also equipped an extensive
BUSINESS
SPECIFICS:
§
Location:
§
Legal Status: Limited Company
§
The Achievements: CII, FICCI, FIEO
§
Certifications: ISO 9001:2008, KOSHER,
HACCP-2006, EIA, HALAL
Established
in the year 1992, Mahaan Proteins Limited, is the Group Company and the manufacturing
arm, is amongst the leading organization engaged in processing
and supplying a wide range of milk powder, casein, caseinates, whey protein,
Lactose, Natural Milk Calcium Powder, Demineralised Whey Powder, are
extensively used in nutritional and dietetic foods, clinical foods, health
foods, sports foods, confectionery and bakery, beverages, salad and soups,
infant foods and have many positive health benefits.
The well-developed infrastructure is bestowed with a massive processing plant
that is located at Kosi Kalan (U.P) that have various facilities like liquid
storage facilities, chilling facilities, pasteurization facility and packaging
facilities. With the help of latest technology and advanced machines such as
spray driers, crystallizer and centrifuge equipment, membrane filtration, PLC
controls, etc, they are able to meet the exact requirements of the esteemed
clients. They have sourced these
machines from Valio Engg (Finland), Westfalia (Germany), Seppo Ralli (Finland),
Sepratech (UK), Goavec (France), Kent Keller (USA) and Alfa Laval (India).
They are progressing under the able guidance of the Mr. Rajiv Goyal, Chairman
Managing Director, is a qualified entrepreneur with B.com (Hons) from Shriram
College of Commerce,
THE
TEAM
The paramount success of the organization owes to the
dexterous efforts of the team of dedicated and talented personnel, who works
round the clock to achieve utmost client satisfaction by offering quality range
of specialty milk ingredients and whey proteins. The dairy technologists are
hired from Europe, America and Oceania, who help in developing new applications
for existing product range along with upgrading and introducing new products
for existing applications for giving greater value for money and convenience to
their esteemed clients. The team of professionals encompasses of engineers,
quality controllers, research experts and marketing professionals. Moreover, to
meet the varied requirements of the clients, the team of experts facilitates
the clients with customization facility in terms of composition as well as in
terms of packaging as per the specifications given by them. They also
consistently develop new recipes and new products for the Consumer Sales
Division.
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 records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.04 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.63.40 |
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.