MIRA INFORM REPORT
|
Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
KADAM REALTY PRIVATE LIMITED |
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Registered
Office : |
34, Vishwaketu – II, Opposite I. O. C. Petrol Pump, Bodakdev,
Ahmedabad – 380054, Gujarat |
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Country : |
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Financials (as
on) : |
31.12.2010
(Provisional) |
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Date of
Incorporation : |
09.03.2005 |
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Com. Reg. No.: |
04-45646 |
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CIN No.: [Company Identification
No.] |
U40300GJ2005PTC045646 |
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PAN No.: [Permanent Account No.] |
AADCK0211F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Developers and Builders. |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Agarwal Group of companies. The directors are
reported to be resourceful businessmen. 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) |
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|
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 |
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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. Gauran Takar |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9879001317 |
|
Date : |
30.03.2011 |
LOCATIONS
|
Registered Office : |
34, Vishwaketu – II, Opposite I. O. C. Petrol Pump, Bodakdev,
Ahmedabad – 380054, Gujarat, India |
|
Tel. No.: |
91-79-26840443/ 26840428 |
|
Mobile No.: |
91-9879001317 (Mr. Gauran Takar) |
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E-Mail : |
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Website : |
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Administrative Office : |
4th Floor, Kadam Complex, Opposite Commerce House,
Bodakdev, Ahmedabad – 380054, |
|
Tel. No.: |
91-79-26840428/ 26840428 |
DIRECTORS
(AS ON 18.09.2010)
|
Name : |
Mr. Prafulchandra Jadgish Agarwal |
|
Designation : |
Director |
|
Address : |
Woodfield, Village Bodakdev, Taluka – Dascrol, District, Ahmedabad –
380054, |
|
Date of Birth/Age : |
06.01.1960 |
|
Qualification : |
M. Com (Government Commerce Diplo |
|
Experience : |
15 years |
|
Date of Appointment : |
01.01.2008 |
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|
|
|
Name : |
Mr. Sandip Pravinbhai Parikh |
|
Designation : |
Director |
|
Address : |
3, Suyog Apartment, Near Kamla Kam Dhenu Hall, Drive – In Road,
Memnagar, Ahmedabad – 380052, |
|
Date of Birth/Age : |
17.05.1963 |
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Qualification : |
B. Com |
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Experience : |
15 years |
|
Date of Appointment : |
09.03.2005 |
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PAN No.: |
ACDPP5492Q |
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Name : |
Mr. Ravimohan Varindavan Agrawal |
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Designation : |
Director |
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Address : |
34, Vishwaketu – II, Opposite I. O. C. Petrol Pump, Bodakdev,
Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
14.05.1965 |
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Qualification : |
B. Com |
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Experience : |
8 years |
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Date of Appointment : |
09.03.2005 |
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|
Name : |
Mr. Nitish Praful Agarwal |
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Designation : |
Director |
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Address : |
“Jagdishkrupa”, Woodfield Row House, Opposite Rajpath Row House,
Bodakdev – 380054, |
|
Date of Birth/Age : |
25.01.1987 |
|
Qualification : |
Master in Construction Management |
|
Experience : |
5 years |
|
Date of Appointment : |
21.06.2010 |
KEY EXECUTIVES
|
Name : |
Mr. Gauran Takar |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 18.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
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|
Ravimohan Varindavan Agrawal |
|
8000 |
|
Sandip Pravinbhai Parikh |
|
2000 |
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Prafulchandra Jadgish Agarwal |
|
40000 |
|
Nitish Praful Agarwal |
|
70000 |
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|
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Total |
|
120000 |
(AS ON 30.09.2010)
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Category |
|
Percentage |
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|
|
|
Directors or relatives of directors |
|
100.00 |
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|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Developers and Builders. |
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Terms : |
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Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
17 (Approximately) (Office – 7 and at site – 10) |
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Bankers : |
·
Bank of Vastrapur Branch, 27, 28, 29, · Corporation Bank · HDFC Bank · IDBI Bank · Allahabad Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Atul B. Gandhi and Company Chartered Accountant |
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Address : |
1, Asha Complex, B/H Navrangpura Police Station, Navrangpura,
Ahmedabad – 380009, |
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Tel. No.: |
91-79-26443505 |
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Mobile No.: |
91-9825342098 |
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Email : |
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Associates/Subsidiaries : |
· Agarwal Enterprises 4th Floor, Kadam Complex, Opposite Commerce House,
Bodakdev, Ahmedabad – 380054, Line of Business: Construction and Generation of Electricity through windmills. · Kubitz Infratech Private Limited (ISO 9001:2000 and ISO 14001:2004 Certified) Top Floor, Kadam Complex, Opposite Commerce House, Bodakdev,
Ahmedabad – 380054, Line of Business : Construction and Generation of Electricity through windmills · Ashish Builders Private Limited · Param Anand Builders Private Limited · Agarwal Infratech Private Limited · Punit Construction Company · Agarwal Construction Company · Creative Builders · Krish Developers · Agarwal Enterprises (ISO 9001:2000 Certified) · City Life Developers |
CAPITAL STRUCTURE
(AS ON 18.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Share |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000 |
Equity Share |
Rs.10/- each |
Rs.1.200
Million |
|
|
|
|
|
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Share |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Share |
Rs.10/- each |
Rs.0.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2010 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
1.200 |
0.500 |
0.500 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
29.185 |
12.742 |
15.565 |
2.051 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
30.385 |
13.242 |
16.065 |
2.151 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
52.930 |
26.141 |
27.285 |
1.581 |
|
|
2] Unsecured Loans |
16.395 |
5.539 |
0.619 |
2.200 |
|
|
TOTAL BORROWING |
69.325 |
31.680 |
27.904 |
3.781 |
|
|
DEFERRED TAX LIABILITIES |
6.821 |
6.821 |
3.234 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
106.531 |
51.743 |
47.203 |
5.932 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
73.536 |
36.285 |
30.769 |
2.457 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
5.000 |
0.000 |
0.000 |
2.228 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.007 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
15.841
|
51.586
|
43.545 |
67.251 |
|
|
Sundry Debtors |
23.795
|
1.381
|
0.057 |
0.051 |
|
|
Cash & Bank Balances |
0.504
|
0.455
|
1.130 |
0.709 |
|
|
Other Current Assets |
1.407
|
0.121
|
0.115 |
0.094 |
|
|
Loans & Advances |
30.488
|
12.892
|
6.858 |
4.976 |
|
Total
Current Assets |
72.035
|
66.435 |
51.705 |
73.081 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
7.430
|
15.634
|
2.246 |
0.406 |
|
|
Other Current Liabilities |
32.470
|
30.973
|
28.767 |
70.209 |
|
|
Provisions |
4.257
|
4.486
|
4.390 |
1.247 |
|
Total
Current Liabilities |
44.157
|
51.094 |
35.403 |
71.862 |
|
|
Net Current Assets |
27.878
|
15.341 |
16.302 |
1.219 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.117 |
0.117 |
0.132 |
0.021 |
|
|
|
|
|
|
|
|
|
TOTAL |
106.531 |
51.743 |
47.203 |
5.932 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2010 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income from Operation |
19.900 |
28.209 |
57.532 |
31.587 |
|
|
|
Other Income |
3.649 |
2.970 |
0.670 |
1.115 |
|
|
|
TOTAL (A) |
23.549 |
31.179 |
58.202 |
32.702 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Cost o Construction |
0.076 |
15.043 |
32.947 |
27.066 |
|
|
|
Administrative Expenses |
1.902 |
3.166 |
2.954 |
2.515 |
|
|
|
Other Expenses |
10.752 |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
12.730 |
18.209 |
35.901 |
29.581 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
10.819 |
12.970 |
22.301 |
3.121 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.599 |
3.697 |
1.356 |
0.462 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.220 |
9.273 |
20.945 |
2.659 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.282 |
8.159 |
1.001 |
0.300 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(2.062) |
1.114 |
19.944 |
2.359 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
3.762 |
6.257 |
0.763 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA |
(2.648) |
13.687 |
1.596 |
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
13.905 |
1.761 |
0.450 |
|
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
0.100 |
1.370 |
0.250 |
|
|
|
Interim Dividend |
NA |
0.150 |
0.000 |
0.000 |
|
|
|
Proposed Dividend |
NA |
0.000 |
0.150 |
0.030 |
|
|
|
Tax on Dividend |
NA |
0.025 |
0.023 |
0.005 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
10.982 |
13.905 |
1.761 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
(52.96) |
273.74 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
(8.49) |
23.52 |
4.88 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(10.36)
|
3.95 |
34.67 |
7.47 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.42)
|
1.08 |
24.18 |
3.12 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.07)
|
0.08 |
1.24 |
1.10 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.73
|
6.25 |
3.94 |
35.17 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63
|
1.30 |
1.46 |
1.02 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
Gross Sales |
|
|
|
Domestic |
25.000 |
50.000 |
|
Export |
0.000 |
0.000 |
|
|
|
|
|
Sub Total (Gross Sales) |
25.000 |
50.000 |
|
|
|
|
|
Less : Excise Duty |
0.000 |
0.000 |
|
|
|
|
|
Net Sales |
25.000 |
50.000 |
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
100.27% |
100.00% |
|
|
|
|
|
Other Income |
0.000 |
0.000 |
|
|
|
|
|
Total |
0.000 |
0.000 |
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
|
-
Imported |
0.000 |
0.000 |
|
-
Indigenous |
10.000 |
5.150 |
|
|
|
|
|
Others Stores and Spares |
|
|
|
-
Imported |
0.000 |
0.000 |
|
-
Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Power and Fuel |
0.000 |
0.000 |
|
Direct Labour and Salary
|
0.000 |
0.000 |
|
Other Manufacturing Expenses |
0.000 |
0.000 |
|
Depreciation |
13.612 |
13.772 |
|
Repairs and Maintenance |
0.000 |
0.000 |
|
Direct Expenses |
0.000 |
0.000 |
|
|
|
|
|
Sub
Total |
23.612 |
18.922 |
|
|
|
|
|
Add: Opening Stock of Process |
15.727 |
18.727 |
|
|
|
|
|
Deduct: Closing Stock of Process |
18.727 |
0.000 |
|
|
|
|
|
Cost
of Production |
20.612 |
37.649 |
|
|
|
|
|
COP
as % of Gross Sales |
82.45% |
75.30% |
|
|
|
|
|
Add: Opening Stock of Finished Goods/
Cons. Materials and Land |
0.000 |
0.000 |
|
|
|
|
|
Deduct: Closing Stock of Finished Goods/
Cons. Materials and Land |
0.000 |
0.000 |
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
20.612 |
37.649 |
|
|
|
|
|
Cost
of Sales as % of Gross sales |
82.45% |
75.30% |
|
|
|
|
|
Selling, General and Administrative Expenses |
3.657 |
3.840 |
|
|
|
|
|
Profit Before Interests and Tax (PBIT) |
0.731 |
8.511 |
|
PBIT
as % of Gross sales |
2.92% |
17.02% |
|
|
|
|
|
Interests and Other Financial Charges |
5.546 |
6.754 |
|
Interests
and Financial Charges as % of sales |
22.18% |
13.51% |
|
|
|
|
|
Operating Profit Before Tax (OPBT) |
(4.815) |
5.000 |
|
OPBT
as % of Gross Sales |
(19.26%) |
10.00% |
|
|
|
|
|
Add:
Other Non-operative Income |
|
|
|
Interests and Dividend |
0.450 |
0.590 |
|
Exchange Profit/ export Incentive |
0.000 |
0.000 |
|
Exchange Prov. Written Back |
0.000 |
0.000 |
|
Profit on Sales of Assets |
0.000 |
0.000 |
|
|
6.000 |
8.600 |
|
|
|
|
|
Sub
Total (Income) |
6.450 |
9.190 |
|
|
|
|
|
Deduct:
Other Non-operating Expenses |
|
|
|
Loss on Investment |
0.000 |
0.000 |
|
Loss on Forex |
0.000 |
0.000 |
|
Loss on |
0.000 |
0.000 |
|
Bad Debts Written off |
0.000 |
0.000 |
|
Miscls. Expenses Written off |
0.000 |
0.000 |
|
|
|
|
|
Sub
Total (Expenses) |
0.000 |
0.000 |
|
|
|
|
|
Profit Before Tax/ Loss |
1.635 |
14.190 |
|
|
|
|
|
Tax Paid |
0.327 |
2.800 |
|
Differed Tax Liability (DT Assets) |
5.853 |
1.318 |
|
Provision for Taxes |
0.000 |
0.000 |
|
|
|
|
|
Net
Profit / Loss (PAT) |
(4.546) |
10.072 |
|
|
|
|
|
PAT
as % of Gross Sales |
(18.18%) |
20.14% |
|
|
|
|
|
Equity
/ Preference Dividend Paid |
|
|
|
Equity Dividend |
0.416 |
0.416 |
|
Preference Dividend |
0.000 |
0.000 |
|
|
|
|
|
Retained Profit |
(4.962) |
9.656 |
------------------------------------------------------------------------------------------------------------------------------
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 |
0.000 |
0.000 |
|
ii. From Other Banks |
0.000 |
0.000 |
|
|
|
|
|
SUB
TOTAL |
0.000 |
0.000 |
|
|
|
|
|
Short Term Borrowings From Others |
0.000 |
0.000 |
|
Sundry Creditors (Trader) |
1.590 |
2.000 |
|
Advances Payment from customers |
31.100 |
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 |
10.896 |
10.896 |
|
Other current Liabilities and Provisions (due within one
years) |
0.000 |
0.000 |
|
|
|
|
|
SUB
TOTAL |
43.586 |
12.896 |
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
43.586 |
12.896 |
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
|
Term Loans |
43.043 |
33.961 |
|
Deferred Payment Credits |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Term Deposit |
0.000 |
0.000 |
|
Deferred Tax Liability |
12.674 |
13.992 |
|
Other Term Liabilities/
Unsecured Loans |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
TERM LIABILITIES |
55.717 |
47.953 |
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
Shares Capital |
1.200 |
1.200 |
|
Application Money |
0.000 |
0.000 |
|
Partner’s Current A/c |
0.000 |
0.000 |
|
General Reserve |
1.960 |
2.060 |
|
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 |
5.820 |
15.376 |
|
Quasi Equity |
10.539 |
10.539 |
|
|
|
|
|
TOTAL
NET WORTH |
19.519 |
29.175 |
|
|
|
|
|
TOTAL
LIABILITIES |
118.823 |
90.025 |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
Cash and Bank Balance |
1.500 |
2.000 |
|
Investments [Other than long term investments] |
0.000 |
0.000 |
|
Receivables other than deferred and exports |
2.100 |
2.500 |
|
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 |
18.727 |
0.000 |
|
Finished Goods |
0.000 |
0.000 |
|
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 |
45.560 |
48.360 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
67.887 |
52.860 |
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
Land |
0.696 |
0.696 |
|
Building |
0.000 |
0.000 |
|
Plant and Machinery |
67.168 |
67.168 |
|
Furniture and Fixture |
0.558 |
0.558 |
|
Other fixed Assets |
4.950 |
4.950 |
|
Capital works in Progress |
0.000 |
0.000 |
|
|
|
|
|
Less: Accumulated Depreciation on FA |
22.835 |
36.607 |
|
Less: Revaluation Reserve is any |
0.000 |
0.000 |
|
|
|
|
|
NET
BLOCK |
50.537 |
36.765 |
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
Investments in sub |
0.000 |
0.000 |
|
Advances to suppliers of Capital goods and contractors |
0.000 |
0.000 |
|
Investment in Others |
0.000 |
0.000 |
|
Other Non-Current Investment |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.000 |
0.000 |
|
|
|
|
|
Intangible Assets |
0.116 |
0.116 |
|
|
|
|
|
TOTAL
ASSETS |
118.540 |
89.741 |
|
|
|
|
|
Total
Liabilities – Total Assets |
0.283 |
0.284 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
(MR.
NITISH PRAFULCHANDRA AGARWAL)
(RS.
IN MILLIONS)
ASSETS
INVESTMENT
IN IMMOVABLE PROPERTIES
|
Description of Property |
Area |
Value (Rs. In Millions) |
|
|
|
|
|
Plot No. 5 and
43, Kadambari - I Rancharda,
Gandhinagar |
Unit No.5: 914 Sq. Yards, Unit No.43: 653 Sq. Yards |
9.402 |
|
|
|
|
|
Total |
9.402 |
|
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/Firm/ Concern in which investment is made |
Designation |
Amount Invested (Rs. In Millions) |
|
|
|
|
|
Capital |
Proprietor |
12.756 |
|
Kadam Realty
Private Limited |
Director and
Share Holder |
0.700 |
|
Kubitz Infratech
Private Limited |
Director and
Share Holder |
0.105 |
|
Kreative Infoweb
Private Limited |
Director and Share Holder |
0.050 |
|
AGC Infotech
Private Limited |
Director and Share Holder |
0.050 |
|
|
|
|
|
Total |
13.661 |
|
DEPOSITS
HELD WITH BANKS
|
Name of the Bank and Branch |
Nature of Deposit |
Amount of Deposit (Rs. In Millions) |
|
|
|
|
|
Public Provident
Fund |
Time Deposit |
0.312 |
|
|
|
|
|
Total |
0.312 |
|
LIFE
INSURANCE POLICIES
|
Name of the Insurer |
Date of Policy |
Policy No. |
Sum Insured |
Premium (P.a.) |
Total Premium Paid (Rs. In Millions) |
Surrender Value (Rs. In Millions) |
|
|
|
|
|
|
|
|
|
LIC of |
28.03.2000 |
833072109 |
100000 |
4844 |
0.048 |
0.048 |
|
LIC of |
28.03.2000 |
833072111 |
100000 |
4844 |
0.048 |
0.048 |
|
LIC of |
28.03.2000 |
833072113 |
100000 |
4844 |
0.048 |
0.048 |
|
LIC of |
28.03.2001 |
833077879 |
200000 |
9688 |
0.087 |
0.075 |
|
LIC of |
28.04.2003 |
851894137 |
50000 |
2704 |
0.019 |
0.014 |
|
LIC of |
28.04.2003 |
851894138 |
50000 |
2534 |
0.018 |
0.013 |
|
LIC of |
28.04.2003 |
851894139 |
50000 |
2384 |
0.017 |
0.012 |
|
LIC of |
28.04.2003 |
851894140 |
50000 |
2256 |
0.016 |
0.011 |
|
LIC of |
28.04.2003 |
851894141 |
50000 |
2140 |
0.015 |
0.010 |
|
LIC of |
28.04.2003 |
851894142 |
50000 |
2032 |
0.014 |
0.009 |
|
LIC of |
28.04.2003 |
851894143 |
50000 |
1934 |
0.014 |
0.008 |
|
LIC of |
28.04.2003 |
851894144 |
50000 |
1846 |
0.013 |
0.008 |
|
LIC of |
28.04.2003 |
851894145 |
50000 |
1762 |
0.012 |
0.007 |
|
LIC of |
28.04.2003 |
851894146 |
50000 |
1686 |
0.012 |
0.007 |
|
LIC of |
28.07.2004 |
853556990 |
1200000 |
56224 |
0.337 |
0.148 |
|
LIC of |
28.07.2004 |
853556991 |
1200000 |
56224 |
0.337 |
0.148 |
|
LIC of |
28.04.2008 |
853599147 |
2500000 |
121300 |
0.182 |
0.000 |
|
LIC of |
15.01.2009 |
836842380 |
150000 |
24757 |
0.025 |
0.000 |
|
|
|
|
|
|
|
|
|
Total |
|
|
6050000 |
304003 |
1.262 |
0.614 |
VEHICLES
OWNED
|
Description |
Make/ Age |
Registration No. |
Hypothecated |
Market Value (Rs. In Millions) |
RC Book Details |
Present Liability (Rs. In Millions) |
|
|
|
|
|
|
|
|
|
Optra |
2008 |
GJ-01-HQ-8400 |
Yes |
0.985 |
0822976 |
0.313 |
|
|
|
|
|
|
|
|
|
Total |
|
|
|
0.985 |
|
0.313 |
|
TOTAL ASSETS |
RS.24.664 MILLIONS |
LIABILITIES
DETAILS
OF CREDIT FACILITIES/ LIMITS WITH FINANCIAL INSTITUTIONS AND BANKS:
|
Name of the Bank/ Institute |
Nature of Credit |
Present Liability (Rs. In Millions) |
Details of Securities offered (Rs. In Millions) |
|
|
|
|
|
|
IDBI Bank
Limited |
Mortgage Term Loan |
2.577 |
Plot No. 5 and, Kadambari – I,
Ranchandra, Gandhi Nagar |
|
|
|
|
|
|
Total |
|
2.577 |
|
|
NET WORTH |
RS.22.087 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
(MR.
SANDEEP PARIKH)
(RS.
IN MILLIONS)
ASSETS
|
INVESTMENT IN IMMOVABLE PROPERTIES |
Rs.1.100 Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/Firm/ Concern in which investment is made |
Designation |
Amount Invested (Rs. In Millions) |
|
|
|
|
|
Deep
International |
Proprietor |
1.168 |
|
|
|
|
|
Total |
1.168 |
|
DEPOSITS
HELD WITH BANKS
|
Name of the Bank and Branch |
Nature of Deposit |
Amount of Deposit (Rs. In Millions) |
|
|
|
|
|
Punjab National
Bank |
Time Deposits |
0.222 |
|
Public Provident
Fund Account |
Time Deposits |
0.166 |
|
|
|
|
|
Total |
0.388 |
|
DEPOSITS
HELD WITH COMPANIES/ OTHER INVESTMENT
|
Name of the Company / Nature of Investment |
Amount (Rs. In Millions) |
|
|
|
|
Investment in
Tax Saving Mutual Funds |
0.055 |
|
N.S.C. |
0.140 |
|
|
|
|
Total |
0.195 |
|
TOTAL ASSETS |
RS.2.851 MILLIONS |
LIABILITIES
DETAILS
OF CREDIT FACILITIES/ LIMITS WITH FINANCIAL INSTITUTIONS AND BANKS:
|
Name of the Bank/ Institute |
Nature of Credit |
Present Liability (Rs. In Millions) |
|
|
|
|
|
Bank OD A/c |
Term Loan
Overdraft |
0.149 |
|
ICICI Home
Finance Company Limited |
Housing Loan |
0.393 |
|
|
|
|
|
Total |
|
0.542 |
|
NET WORTH |
RS.2.309 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
(MR.
RAVI VRUNDAVANJI AGARWAL)
(RS.
IN MILLIONS)
ASSETS
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/Firm/ Concern in which investment is made |
Amount Invested (Rs. In Millions) |
|
|
|
|
Nirdesh |
6.532 |
|
|
|
|
Total |
6.532 |
INVESTMENT
IN IMMOVABLE PROPERTIES
|
Description of Property |
Market Value (Rs. In Millions) |
|
|
|
|
Unit No.32,
Kanakdhara, Opposite Kalhar Bungalows, Nandoli, Kalol, Dist.: Gandhinagar Owner: Plot Area: 710
Sq. Yard Built Up Area:
475 Sq. Yard |
17.500 |
|
|
|
|
Unit No.23 and 30
Kadambari -1, Rancharda, Taluko: Kalol, Dist.: Gandhinagar Plot Area: 1980
Sq. Yard |
11.880 |
|
|
|
|
Total |
29.380 |
LIFE
INSURANCE POLICIES
|
Policy No. |
Amount Insured (Rs. In Millions) |
Date of Commencement |
Date of Maturity |
Annual Premium (Rs. In Millions) |
|
|
|
|
|
|
|
833093866 |
0.150 |
28.02.2003 |
28.02.2023 |
0.009 |
|
833085500 |
0.260 |
24.12.2001 |
24.12.2025 |
0.011 |
|
853593804 |
0.500 |
21.01.2008 |
15.01.2033 |
0.024 |
|
|
|
|
|
|
|
Total |
0.910 |
|
|
0.044 |
VEHICLES
OWNED
|
Description |
Make/ Age |
Registration No. |
Hypothecated |
Market Value (Rs. In Millions) |
RC Book Details |
Present Liability (Rs. In Millions) |
|
|
|
|
|
|
|
|
|
Activa Honda |
2004 |
GJ-01-EC-770 |
No |
0.041 |
0.063 |
-- |
|
Dio |
2007 |
GJ-1-FR-8312 |
No |
0.042 |
0.239 |
-- |
|
Verna |
2008 |
GJ-01-HR-2122 |
No |
0.640 |
-- |
-- |
|
Honda City |
2009 |
GJ-1-KC-0774 |
Yes |
1.059 |
-- |
0.644 |
|
|
|
|
|
|
|
|
|
Total |
|
|
|
1.782 |
|
0.644 |
LIABILITIES
DETAILS
OF CREDIT FACILITIES/ LIMITS WITH FINANCIAL INSTITUTIONS AND BANKS:
|
Name of the Bank/ Institute |
Nature of Credit |
Present Liability (Rs. In Millions) |
Details of Securities offered (Rs. In Millions) |
|
|
|
|
|
|
IDBI Bank
Limited |
Mortgage Loan |
2.350 |
Unit 23 and 30 Kadambari - I, Rancharda,
Taluko: Kalol, Dist.: Gandhi naga r |
|
|
|
|
|
|
Total |
|
2.350 |
|
|
NET WORTH |
RS.34.700 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
(MR.
PRAFULCHANDRA J. AGARWAL)
(RS.
IN MILLIONS)
ASSETS
INVESTMENT
IN IMMOVABLE PROPERTIES
|
Description of Property |
Area |
Market Value (Rs. In Millions) |
|
|
|
|
|
Unit No. 4,
Kanakdhara Bungalows, |
1185 Sq. yard |
18.960 |
|
Unit No. 5 and
6, Kanakdhara Bungalows, |
765 Sq. Yard (Built Up : 425
Sq. Yard |
17.553 |
|
Unit No. II. and
12, Kanakdhara Bungalows, |
600 Sq. Yard (Built Up : 425
Sq. Yard |
14.913 |
|
Unit No. 18 and
19, Kadambari - IV, Rancharda, Gandhinagar |
1857 Sq. Yard |
9.285 |
|
Unit No. 30,
Kanakdhara Bungalows, |
653 Sq. Yard (Built Up : 375
Sq. Yard |
15.136 |
|
Unit No. 26,27
Kadambari - I, Rancharda, Gandhinagar |
2281 Sq. Yard |
10.265 |
|
Unit No. 1,
Kanakdhara Bungalows, |
1255 Sq. Yard |
20.080 |
|
Plot No.4,49,
Kadambari - I, Rancharda, Gandhinagar |
1922 Sq. Yard |
8.649 |
|
Office No.401,
402 and 403 Kadamb Complex, Vastrapur, Ahmedabad. (Commercial
Property) |
322 Sq. Yard |
10.000 |
|
Unit No.19, 20,
21, 25 and 32 Kadambari -II, Ranchhodpura, Gandhinagar |
3291 Sq. Yard |
14.810 |
|
Unit No.6,
Kadambari - I, Rancharda, Gandhinagar |
1229 Sq. Yard |
5.531 |
|
Unit No. 31,
Kanakdhara Bungalows; |
710 Sq. Yard (Built Up : 475
Sq. Yard |
16.300 |
|
Unit No. 21,
Kanakdhara Bungalows, |
365. Yard (Built Up : 285
Sq. Yard) |
8.895 |
|
Unit No. 10,
Kanakdhara Bungalows, |
365. Yard (Built Up :285
Sq. Yard) |
8.892 |
|
|
|
|
|
Total |
179.269 |
|
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/Firm/ Concern in which investment is made |
Designation |
Amount Invested (Rs. In Millions) |
|
|
|
|
|
Agarwal
Enterprise |
Proprietor |
38.055 |
|
Kadam Realty Private
Limited |
Director and
Share Holder |
0.400 |
|
Kubitz Infratech
Private Limited |
Director and
Share Holder |
4.000 |
|
Goras |
Partner (50%) |
0.056 |
|
The Kalupur
Commercial Co-operative Bank Limited |
Share Holder |
0.025 |
|
|
|
|
|
Total |
42.536 |
|
DEPOSITS
HELD WITH BANKS
|
Name of the Bank and Branch |
Nature of Deposit |
Amount of Deposit (Rs. In Millions) |
|
|
|
|
|
Public Provident
Fund A/c |
Time Deposit |
1.752 |
|
|
|
|
|
Total |
1.752 |
|
LIFE
INSURANCE POLICIES
|
Name of the Insurer |
Date of Policy |
Policy No. |
Sum Insured |
Premium (P.a.) |
Total Premium Paid (Rs. In Millions) |
Surrender Value (Rs. In Millions) |
|
|
|
|
|
|
|
|
|
LIC of |
28.03.2003 |
833093995 |
100000 |
5704 |
0.040 |
0.025 |
|
LIC of |
28.02.2003 |
833093994 |
100000 |
5704 |
0.040 |
0.025 |
|
LIC of |
28.01.2003 |
833093993 |
100000 |
5704 |
0.046 |
0.018 |
|
LIC of |
28.12.2002 |
833093992 |
100000 |
5704 |
0.046 |
0.027 |
|
LIC of |
28.11.2002 |
833093991 |
100000 |
5704 |
0.046 |
0.027 |
|
LIC of |
28.10.2002 |
833093990 |
100000 |
5704 |
0.046 |
0.028 |
|
LIC of |
28.09.2002 |
833093989 |
100000 |
5704 |
0.046 |
0.028 |
|
LIC of |
28.08.2003 |
833093988 |
100000 |
5704 |
0.046 |
0.028 |
|
LIC of |
28.07.2002 |
833091080 |
100000 |
5704 |
0.046 |
0.028 |
|
LIC of |
28.06.2002 |
833088821 |
100000 |
5636 |
0.045 |
0.028 |
|
LIC of |
28.05.2002 |
833088820 |
100000 |
5636 |
0.045 |
0.029 |
|
LIC of |
28.04.2002 |
833088819 |
100000 |
5636 |
0.045 |
0.029 |
|
LIC of |
28.01.2000 |
833072036 |
500000 |
33824 |
0.372 |
0.355 |
|
Max |
26.07.2007 |
441272978 |
1000000 |
100000 |
0.300 |
0.294 |
|
|
|
|
|
|
|
|
|
Total |
|
|
2700000 |
|
1.209 |
0.969 |
VEHICLES
OWNED
|
Description |
Make/ Age |
Registration No. |
Hypothecated |
Market Value (Rs. In Millions) |
RC Book Details |
Present Liability (Rs. In Millions) |
|
|
|
|
|
|
|
|
|
Hyudai Sonata |
2005 |
GJ-18-AA-8397 |
No |
0.958 |
0054826 |
-- |
|
Maruti Swift |
2006 |
GJ-18-AB-4640 |
No |
0.428 |
0868279 |
-- |
|
Mahindra and Mahindra Tractor |
2007 |
GJ-18-H-3226 GJ-18-U-5996 GJ-18-X-7512 |
Yes |
0.739 |
0838603 0855206 0874245 |
0.089 -- -- |
|
JCB |
2007 |
GJ-18-H-7986 |
No |
1.963 |
0838525 |
-- |
|
Honda Accord |
2009 |
GJ-01-KC-0225 |
Yes |
1.897 |
-- |
1.151 |
|
Gold Coins |
|
|
|
0.358 |
-- |
-- |
|
Other Movable Assets
including Computers, Printers, Furniture and Fixtures |
0.632 |
-- |
-- |
|||
|
|
|
|
|
|
|
|
|
Total |
|
|
|
6.975 |
|
1.240 |
|
TOTAL ASSETS |
RS.230.266 MILLIONS |
LIABILITIES
DETAILS
OF CREDIT FACILITIES/ LIMITS WITH FINANCIAL INSTITUTIONS AND BANKS:
|
Name of the Bank/ Institute |
Nature of Credit |
Present Liability (Rs. In Millions) |
Details of Securities offered (Rs. In Millions) |
|
|
|
|
|
|
IDBI Bank
Limited |
Home Loan |
4.424 |
Plot No.1,29,53
at Kadambari - I, Rancharda,
Taluko: Kalol, Dist.:
Gandhinagar |
|
|
|
|
|
|
Deutsche Post Bank India
Limited |
Housing Loan |
2.451 |
Unit No.30,
Kanakdhara Bungalows, |
|
|
|
|
|
|
Deutsche Post Bank India Limited |
Mortgage Loan |
3.874 |
Unit No.30,
Kanakdhara Bungalows, |
|
|
|
|
|
|
Deutsche Post Bank India
Limited |
Mortgage Loan |
5.378 |
Unit No.4,44 and
49 Kadambari – I |
|
|
|
|
|
|
|
Mortgage Loan |
11.564 |
Unit No.11 and
12 and 31, Kanakdhara Bungalows, |
|
|
|
|
|
|
Religare Finvest Limited |
Mortgage Loan |
9.044 |
Unit No.10 and
21 Kanakdhara
Bungalows |
|
|
|
|
|
|
Total |
|
36.735 |
|
|
NET WORTH |
RS.193.531 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
GENERAL
INFORMATION
|
Purpose for which the valuation is made |
For security against finance from Corporation Bank, Gurukul Road
Branch |
|
|
|
|
Date of valuation |
7/3/2011 |
|
|
|
|
Name of Owner |
Mr. Nitish P Agrawal |
|
|
|
|
Contact No. / Name |
Mr. Gaurang Shah |
|
|
|
|
Location |
Kanakdhara Bunglow, Unit No. 36 Nr Kathar Bunglow, |
|
|
|
|
Survey No. / Plot No. |
Block No. 145/146/147 Paiki Vill Nandoli, Dist Gandhinagar |
|
|
|
|
Is the property situated in residential / commercial / industrial /
mixed area? |
Well posh developing Residential area |
|
|
|
|
Classification of locality high class / Middle class / poor class |
Upper Middle class locality |
|
|
|
|
Proximities to civic amenities ie school / college / hospital /
offices / market etc. |
Hospitals, Schools, colleges, shops clinics are available within 5 to
7 km area |
|
|
|
|
Means of communication by which the locality is served |
Bus routes available, rickshaws and private vehicles can easily
approach the site |
|
|
|
|
Town services served to property |
Roads and lights are available. |
|
|
|
|
DETAILS OF LAND |
|
|
Area of land |
710.00 sq yard 593.64 sq mt (As per document produced) |
|
|
|
|
If lease hold, name of leaser/ Date of commencement and termination of
lease. |
Free hold property |
|
|
|
|
Initial premium of lease per annum |
N.A. |
|
|
|
|
Is there any restrictive covenant in regard to the use of land? |
As per Local Authority |
|
|
|
|
Does the land fall in area included in any town planning scheme or any
development plan of Govt and statutory body? if so, give details |
Area come in Auda |
|
|
|
|
DETAILS OF
BUILDING |
|
|
Is the building owner occupied or tenanted or both? |
Owner Occupied |
|
|
|
|
If partly Owner occupied specify portion of area in owners occupation |
NA |
|
|
|
|
Year of construction |
Open vacant plot |
|
|
|
|
|
Open vacant plot |
|
|
|
|
Age of building |
Open vacant plot |
|
|
|
|
Expected future residential life span of building |
Open vacant plot |
|
|
|
|
VALUATION
CALCULATION |
|
|
(A) Value of
Land Considering the present demand of land in this locality as on date of
valuation, inquiry the prominent estate rockers and on the basis of our
experience, they adopt rate of land Rs.18000 to 23000 per sq. yd. as Area of Land = 710 sq. yard Value of Building = Are of Land x Rate adopted = 710
x 22500.00 Total =
Rs.15.975 Millions |
|
|
Present Market
Value of Property |
Rs.16.000
Millions |
|
|
|
|
The Distress |
Rs.12.000
Millions |
|
|
|
|
Realizable Value
of the Property |
Rs.14.400
Millions |
|
|
|
|
Government
Jantri Value of the Property |
Rs.0.540 Million
|
VALUATION
REPORT OF IMMOVABLE RESIDENTIAL BUNGALOW PROPERTY OF MR. NITISH PRAFULCHANDRA
AGARWAL
GENERAL
INFORMATION
|
Name of the Party/ Purchaser and Address |
Mr. Nitish Prafulchandra Agarwal Residential Address- “Jagdishkrupa”, Woodfield Row Houses, Nr. Rajpath R.H, Bodakdev, Ahmedabad. Property Address- 36, Kanakdhara, Opp. Kalhar, Nr. Maihar Bungalows, Taluka- Kalol, Dist.- Gandhinagar. As per record, Block No-145, 146, 147, Village (Mouje) Nandoli,
Taluka, Sub Dist.- Kalol, Dist.- Gandhinagar. |
||
|
|
|
||
|
Name/s of the reported owner/ Names of person in whose names the
property registered and address. |
Mr. Nitish Prafulchandra Agarwal Residential Address- “Jagdishkrupa”, Woodfield Row Houses, Nr. Rajpath R.H, Bodakdev, Ahmedabad. Property Address- 36, Kanakdhara, Opp. Kalhar, Nr. Maihar Bungalows, Taluka- Kalol, Dist.- Gandhinagar. As per record, Block No-145, 146, 147, Village (Mouje) Nandoli,
Taluka, Sub Dist.- Kalol, Dist.- Gandhinagar. |
||
|
|
|
||
|
Purpose of Valuation |
To ascertain Estimated market value of a Residential Bungalow Property
of Mr. Nitish Prafulchandra Agarwal for the purpose of finance from
Corporation Bank, Gurukul Road Branch, Ahmedabad. |
||
|
|
|
||
|
List of Documents produced for perusal |
Share Certificate, Sale deed, lndex-2, Allotment letter, Possession letter,
Plan Pass Copy, Construction Commencement Letter, Tax bill, Electric Bill,
Village form 7and 12, 6, 8-A, Society Reg. certificate, Payment receipts,
N.A. Permission. |
||
|
|
|
||
|
Date of Inspection |
Physical inspection and survey was carried out on 1st March
2011. |
||
|
|
|
||
|
Date of Valuation |
03.03.2011 |
||
|
|
|
||
|
Approximate distance from the branch to property |
10 Km. |
||
|
|
|
||
|
Situation/ Location! Brief description of the building. |
Property is open undeveloped plot situated in well developing higher
class residential locality. |
||
|
|
|
||
|
Boundaries |
North- B. No.-37 South- B. No.-35 West- B. No.-31 |
||
|
|
|
||
|
Property Tax Details |
Tax of Nandoli Gram Panchayat. Owner has to submit details. |
||
|
|
|
||
|
Assuming the entire property is let out, the possible monthly rent and
advance building rent. |
Not possible as open plot. |
||
|
|
|
||
|
Whether the building plan has been approved? |
Yes |
||
|
If Yes, Date of approval, approving authority and whether the building
has been constructed as per the approved plan. |
Date of -Approval- 30/04/03, Ref No.-Tharav No.- 4/20/04/03. Authority- Nandoli Gram Panchayat. No construction. |
||
|
|
|
||
|
If No, the reason for non-approval. |
N.A. |
||
|
|
|
||
|
General Remark |
-- |
||
|
|
|
||
|
VALUATION
DETAILS - LAND |
|||
|
The total Area (Extent) of the site/ Land. |
Total plot area (super plot area) is 710 sq. yd. |
||
|
|
|
||
|
Description of the
site/ Land |
|
||
|
Character of locality |
Residential Locality |
||
|
|
|
||
|
Classification |
Higher Class |
||
|
|
|
||
|
Development of surrounding area |
Fast developing Higher Class residential Locality |
||
|
|
|
||
|
Is the Locality subjected to frequent flooding? |
No. |
||
|
|
|
||
|
Feasibility to the civic amenities like school, Hospital, Offices,
Market etc. |
Most Available within 6 Km radius. |
||
|
|
|
||
|
Shape of the Land |
Rectangular. |
||
|
|
|
||
|
Type of use to which it can be put |
For residential use. |
||
|
|
|
||
|
Any other restriction of usage. |
To be used for residential purpose only. |
||
|
|
|
||
|
Nature of right, whether lease hold/ free hold Road facility |
Free hold right |
||
|
|
|
||
|
Road Facility |
Plot is on internal road of S.P. ring road to Palodia, on Shilaj- Nandoli road. Asphal road available up to the society and
R.C.C. road up to plot. |
||
|
|
|
||
|
It is a corner Plot? |
Intermittent plot. |
||
|
|
|
||
|
Water Supply/ Potentially |
Water supply from society bore well. |
||
|
|
|
||
|
Underground Sewerage system |
Soak well |
||
|
|
|
||
|
Any other sentimental or social issue which may affect the value |
No |
||
|
|
|
||
|
General Remarks |
Land without development. |
||
|
|
|
||
|
Prevailing Unit Market rate |
Prevalent market rates of nearby properties of similar type of land is
ranging between Rs.20,000/- to 25000/- per sq. yd. with development of Super
plot area. |
||
|
|
|
||
|
Unit rate adopted in this valuation |
Rs.21000/- per sq. yd. of super plot area. |
||
|
|
|
||
|
Valuation of the site/ Land |
Area in sq. yd. |
Rate in Rs. Sq. yd. |
Value |
|
710 |
21000 |
Rs.14.910
Millions |
|
|
Total |
Rs.14.910 Millions |
||
|
Estimated Market Value of the site/ Land for Valuation is Rs.14.910
Millions |
|||
|
TOTAL VALUATION |
|||
|
Valuation of the Land |
Rs.14.900 Millions |
||
|
|
|
||
|
Valuation of the Building |
-- |
||
|
|
|
||
|
Total |
Rs.14.900
Millions |
||
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
GENERAL
INFORMATION
|
Purpose for which the valuation is made |
For security against finance from Corporation Bank, Gurukul Road
Branch, Ahmedabad |
|
|
|
|
Date of valuation |
7/3/2011 |
|
|
|
|
Name of Owner |
Mr. Ravi V. Agrawal |
|
|
|
|
Contact No. / Name |
Mr. Gaurang Shah |
|
|
|
|
Location |
Kanakdhara Bunglow, Unit No. 32 Nr Kathar Bunglow, |
|
|
|
|
Survey No. / Plot No. |
Block No. 145/146/147 Paiki Vill Nandoli, Dist Gandhinagar |
|
|
|
|
Is the property situated in residential / commercial / industrial /
mixed area? |
Well posh developing Residential area |
|
|
|
|
Classification of locality high class / Middle class / poor class |
Upper Middle class locality |
|
|
|
|
Proximities to civic amenities ie school / college / hospital /
offices / market etc. |
Hospitals, Schools, colleges, shops clinics are available within 5 to
7 km area |
|
|
|
|
Means of communication by which the locality is served |
Bus routes available, rickshaws and private vehicles can easily
approach the site |
|
|
|
|
Town services served to property |
Roads and lights are available. |
|
|
|
|
DETAILS OF LAND |
|
|
Area of land |
710.00 sq yard 593.64 sq mt (As per document produced) |
|
|
|
|
If lease hold, name of leaser/ Date of commencement and termination of
lease. |
Free hold property |
|
|
|
|
Initial premium of lease per annum |
N.A. |
|
|
|
|
Is there any restrictive covenant in regard to the use of land? |
As per Local Authority |
|
|
|
|
Does the land fall in area included in any town planning scheme or any
development plan of Govt and statutory body? if so, give details |
Area come in Auda |
|
|
|
|
DETAILS OF
BUILDING |
|
|
Is the building owner occupied or tenanted or both? |
Owner Occupied |
|
|
|
|
If partly Owner occupied specify portion of area in owners occupation |
NA |
|
|
|
|
Year of construction |
2008/09 (as informed) |
|
|
|
|
|
Appd by Gram Panchayat Viii Nandoli, Tal Kalol |
|
|
|
|
Age of building |
2 years |
|
|
|
|
Expected future residential life span of building |
50 years (Subject to periodic maintenance) |
|
|
|
|
General Construction
Specification |
|
|
No. of Stories |
Two Storied |
|
Type of Construction |
frame Structure |
|
Type of Roofing |
R.C.C. Slab |
|
Type of walls |
Brick Masonry |
|
Quality of Construction |
Extra Ordinary |
|
Type of floor tiles |
Vitrified, flooring |
|
Wall finishing |
Cement plaster |
|
Type of Paint |
Distemper Paint |
|
Electrification |
Concealed Electrification |
|
Type of doors |
Wooden |
|
Type of Windows |
Wooden |
|
|
|
|
VALUATION
CALCULATION |
|
|
(A) Value of
Land Considering the present demand of land in this locality as on date of
valuation, inquiry the prominent estate rockers and on the basis of our
experience, they adopt rate of land Rs.18000 to 23000 per sq. yd. as Area of Land = 710 sq. yard Value of Building = Are of Land x Rate adopted = 710
x 22500.00 Total =
Rs.15.975 Millions |
|
|
(B) Value of
Building Built up area = 475.00 Sq yard Rate adopted = 13000.00 Per Sq.
yard (inc extra amenities like compound/
R.C.C. Tank / gardening / pavement) Replacement cost of building = Built up area X Rate adopted = 475.00 x 13000.00 = Total - Rs.6.175 Millions Deduct 2 % over all depreciation considering the period elapsed arid
future life span of building and present structural and finishing condition. Depreciation =
Rs.0.124 Million Depreciated
building value = Rs.6.175 Millions Present
Depreciated building value = Rs.6.052 Millions |
|
VALUATION REPORT
OF IMMOVABLE RESIDENTIAL BUNGALOW PROPERTY OF MR. NITISH PRAFULCHANDRA AGARWAL
GENERAL
INFORMATION
|
Name of the Party/ Purchaser and Address |
Mr. Residential Address- 34, Vishwaketu- lI, Near IOC Petrol Pump, Property Address- 32, Kanakdhara, Opposite Kalhar, Near Malbar
Bungalows, Taluka- Kalol, Dist- Gandhinagar. As per record, Block No.- 145, 146, 147, Village (Mouje) Nandoli,
Taluka, Sub Dist.- Kalol, Dist.- Gandhinagar. |
||
|
|
|
||
|
Name/s of the reported owner/ Names of person in whose names the
property registered and address. |
Mr. Residential Address- 34, Vishwaketu- lI, Near IOC Petrol Pump, Property Address- 32, Kanakdhara, Opposite Kalhar, Near Malbar
Bungalows, Taluka- Kalol, Dist- Gandhinagar. As per record, Block No.- 145, 146, 147, Village (Mouje) Nandoli,
Taluka, Sub Dist.- Kalol, Dist.- Gandhinagar. Property is allotted and under possession of owner, bank is advised to
get sale deed registered in the name of allotted. |
||
|
|
|
||
|
Purpose of Valuation |
To ascertain Estimated market value of a Residential Bungalow Property
of Mr. Ravi Vruudavanji Agarwal for the purpose of finance from Corporation
Bank, Gurukul Road Branch, Ahmedabad. |
||
|
|
|
||
|
List of Documents produced for perusal |
Share Certificate, Allotment letter, Possession letter, Plan Pass
Copy, Construction Commencement Letter, Tax bill, Electric Bill, Village form
7 and 12, 6, 8-A, Society Reg. certificate, Payment receipts, N.A.
Permission. |
||
|
|
|
||
|
Date of Inspection |
Physical inspection and survey was carried out on 1st March
2011. |
||
|
|
|
||
|
Date of Valuation |
03.03.2011 |
||
|
|
|
||
|
Approximate distance from the branch to property |
10 Km. |
||
|
|
|
||
|
Situation/ Location! Brief description of the building. |
Property is Individual Bungalow of ground plus one floor situated in
well developing higher class residential locality. |
||
|
|
|
||
|
Boundaries |
North- B. No.-31 South- B. No.-33 East- B. No.-35 |
||
|
|
|
||
|
Property Tax Details |
Tax of Nandoli Gram Panchayat. Owner has to submit details. |
||
|
|
|
||
|
Assuming the entire property is let out, the possible monthly rent and
advance building rent. |
It will fetch Rs.20,000/- per month as rent and Rs.60,000/- as advance
building rent. |
||
|
|
|
||
|
Whether the building plan has been approved? |
Yes |
||
|
If Yes, Date of approval, approving authority and whether the building
has been constructed as per the approved plan. |
Date of -Approval- 30/04/03, Ref No.-Tharav No.- 4/20/04/03. Authority- Nandoli Gram Panchayat. Yes building is built as per approved plan. |
||
|
|
|
||
|
If No, the reason for non-approval. |
N.A. |
||
|
|
|
||
|
General Remark |
Good construction with higher specification in higher class
residential locality. |
||
|
|
|
||
|
VALUATION
DETAILS - LAND |
|||
|
The total Area (Extent) of the site/ Land. |
Total plot area (super plot area) is 710 sq. yd. |
||
|
|
|
||
|
Description of
the site/ Land |
|
||
|
Character of locality |
Residential Locality |
||
|
|
|
||
|
Classification |
Higher Class |
||
|
|
|
||
|
Development of surrounding area |
Fast developing Higher Class residential Locality |
||
|
|
|
||
|
Is the Locality subjected to frequent flooding? |
No. |
||
|
|
|
||
|
Feasibility to the civic amenities like school, Hospital, Offices,
Market etc. |
Most Available within 6 Km radius. |
||
|
|
|
||
|
Shape of the Land |
Rectangular. |
||
|
|
|
||
|
Type of use to which it can be put |
For residential use. |
||
|
|
|
||
|
Any other restriction of usage. |
To be used for residential purpose only. |
||
|
|
|
||
|
Nature of right, whether lease hold/ free hold Road facility |
Free hold right |
||
|
|
|
||
|
Road Facility |
Plot is on internal road of S.P. ring road to Palodia, on Shilaj- Nandoli road. Asphal road available up to the society and
R.C.C. road up to plot. |
||
|
|
|
||
|
It is a corner Plot? |
Intermittent plot. |
||
|
|
|
||
|
Water Supply/ Potentially |
Water supply from society bore well. |
||
|
|
|
||
|
Underground Sewerage system |
Soak well |
||
|
|
|
||
|
Any other sentimental or social issue which may affect the value |
No |
||
|
|
|
||
|
General Remarks |
Land having good Physical features. |
||
|
|
|
||
|
Prevailing Unit Market rate |
Prevalent market rates of nearby properties of similar type of land is
ranging between Rs.20,000/- to 25000/- per sq. yd. with development of Super
plot area. |
||
|
|
|
||
|
Unit rate adopted in this valuation |
Rs.22000/- per sq. yd. of super plot area. |
||
|
|
|
||
|
Valuation of the site/ Land |
Area in sq. yd. |
Rate in Rs. Sq. yd. |
Value |
|
710 |
22000 |
Rs.15.620
Millions |
|
|
Total |
Rs.15.620 Millions |
||
|
Estimated Market Value of the site/ Land for Valuation is Rs.15.620
Millions. |
|||
|
|
|
||
|
VALUATION
DETAILS – BUILDING |
|||
|
Type of Construction |
Brick Masonry Load bearing and RCC frame structure with RCC slab. |
||
|
|
|
||
|
Quality of construction |
Good |
||
|
|
|
||
|
Appearance of the Building |
Good. |
||
|
|
|
||
|
Number of floors |
Ground plus one floor. |
||
|
|
|
||
|
Maintenance of Building |
Normally maintained building under renovation of Kitche and toilets. |
||
|
|
|
||
|
Description of the Building |
|
||
|
Foundation |
Brick masonry load bearing and R.C.C. frame structure. |
||
|
Superstructure |
Bk. Masonry walls and R.C.C. slab. |
||
|
Roof |
R.C.C. Slab. |
||
|
Doors |
Wooden frame and wooden flush door shutter. |
||
|
Windows |
Wooden frame and wooden glazed shutter. |
||
|
Sanitary fittings |
3 nos. attach toilet, 1- common toilet. Under renovation |
||
|
Flooring |
Vitrified tile flooring in all rooms, Marble in verandah, |
||
|
Electricity Supply |
From UGVCL. Concealed wiring with moderate quality Fitting and Fixtures. |
||
|
|
|
||
|
Total Plinth Area |
160 sq. yd. Plinth area G.F. Total Super built up area is 475 sq. yd. |
||
|
|
|
||
|
Year of construction |
2008 |
||
|
|
|
||
|
Total life of the Building estimated |
Life expectancy is another 53 years if properly maintained. |
||
|
|
|
||
|
General remark |
Good building having good specifications and well developing higher
class residential locality. Residential Individual Bungalow of Ground plus one floor. On G.F.- Verandah, Drawing, dining room, bed room, kitchen, store, one
common toilet, wash and open compound. On F.F.-three bed rooms with three attach toilet with two dressing
area, three galleries and lounge. On S.F.- Stair cabin and open terrace. Putty on wall. Presently under renovation in kitchen and toilets. |
||
|
|
|
||
|
Replacement rate of construction with the existing conditions and
specifications. |
For G.F.- Rs.12000/- per sq. yd. of Super Built up area. |
||
|
|
|
||
|
Replacement Value |
Area in Sq. yd. |
Rate in Rs. Sq. yd. |
Value |
|
Super Built up area on Ground plus one floor |
475 |
12000 |
Rs.5.700
Millions |
|
|
|
|
|
|
|
Total |
Rs.5.700 Millions |
|
|
|
Replacement Value is Rs.5.700 Millions |
||
|
|
|
||
|
Depreciation Value at the rate at 1.5% per annum. |
4.5% for 3 years of replacement value Rs.5.700 Millions i.e. Rs.0.257
Million |
||
|
|
|
||
|
Present Value of Building |
Estimated Market Value of the Building for valuation is Rs.5.700 Millions – Rs/0.257
Millions = Rs.5.444 Millions |
||
|
|
|
||
|
TOTAL
VALUATION |
|||
|
Valuation of the Land |
Rs.15.600 Millions |
||
|
|
|
||
|
Valuation of the Building |
Rs.5.400 Millions |
||
|
|
|
||
|
Total |
Rs.21.000
Millions |
||
------------------------------------------------------------------------------------------------------------------------------
GROUP PROFILE:
Agarwal Group of Companies Commenced its operation in
The group has successfully executed various projects since last more
than 30 years through its various companies under the banner of “Agarwal Group
of companies” having constructed more than 30,00,000 sq. feet area in Mumbai,
Ahmedabad, Daman and Vapi.
The group is professionally and efficiently managed through well
qualified and experienced personnel in the filed of Engineering, finance,
Construction and Administration combined with full fledged ERP and MIS system.
Hence lead to an efficient environment.
COMPANY PROFILE:
Subject is in the construction Business since last more than 3 years and
ha attracted and retain ed the clients by providing superior customer values by
its quality work and timeliness.
The company is efficiently and effectively managed by:
Mr. Praful Agarwal – director of the company is working with the group
since 1977 and currently handling the projects in
Mr. Ravi V. Agarwal – director of the company is a professional
architect and Interior Designer having the range of skills includes master
planning, Designing of buildings, Interior environments, furniture, exhibition
and experimental spaces, as well as workplace consultancy, residential design
and quality of life and life satyle planning.
PROJECT EXECUTED
BY THE APPLICANTS:
The detail of various construction projects completed by the applicant
is given below:
|
Name of Project |
Type of Project |
Area Constructed |
|
|
|
|
|
Kadam Annexe,
Off. |
Construction of Commercial
Complex |
16500 sq. yds. |
|
|
|
|
PROJECTS GOING ON
-
|
Name of Project |
Type of Project |
Area Construction |
Project cost (Rs. In Millions) |
Amount so Far spent (Rs. In Millions) |
Realization (Rs. In Millions) |
|
|
|
|
|
|
|
|
Kadambari – VI
Village: Jetlaj, District: Gandhi Nagar |
Development of
Residential Plots |
30000 sq. yds. |
60.000 |
15.800 |
30.939 |
|
Kadambari – VI
Extended |
Development of
Residential Plots |
50000 sq. yards |
10.000 |
0.640 |
Till date, company has installed and commissioned 5 Nos. of Windmills
having capacity of 250 Kw each in various ares of Tamilnadu. Each windmill has
generation capacity of 5 Lacs units per annum. Windmills enjoy 80% accelerated
rate of depreciation under Income Tax Act, 1961 and also enjoy deduction U/s 80
IA of the Income Tax Act in respect of Income from sale of electricity
generated by It.
------------------------------------------------------------------------------------------------------------------------------
BUSINESS PROSPECTS:
During the year, in continuation of
contribution towards the process of cleaner and greener environment. The
company has installed and commissioned 1 No of 250 kw Wind Turbine Generator at
Mayamankurichi Village, Alangulam Taluk, Tirunelvell District, Tamilnadu and
further decided to install and commission 2 Nos. of 250 kw wind Turbine
Generators at Tamilnadu by end of September, 2010.
PROSPECTS FOR THE CURRENT YEAR:
During the Financial year 2010-2011, the
company has decided to fully develop its present residential plot scheme –
“Oxygen” in order to take maximum advantage of improving conditions of real
estate market.
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Aman Marketing
207, Sarthak Complex, Swastik Char Rata, C. G. Road, Ahmedabad – 380009, Gujarat, India
Mobile No.: 91-9825018123
· Ved Marketing
B-12, Nirali Apartment, Opposite Vastrapur
Railway Station, Vejalpur, Ahmedabad – 380051,
Mobile No.: 91-9879371919
·
3,
Tel No.: 91-79-26753337
· Ashish Jasubhai Patel
100, Prabhukrupa, Vasna Gam, Ahmedabad – 380007,
Tel No.: 91-79-26820525
------------------------------------------------------------------------------------------------------------------------------
FORM 8:
|
Corporate
identity number of the company |
U40300GJ2005PTC045646 |
|
Name of the
company |
Kadam Realty
Private Limited |
|
Address of the
registered office or of the principal place of business in |
34, Vishwaketu – II, Opposite I.O.C. Petrol Pump, Bodakdev, Ahmedabad
– 380054, |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Bank of Vastrapur Branch,
27, 28, 29 Super Plaza, Near Sandesh Press, Vastrapur, Ahmedabad – 380054, |
|
Nature of
instrument creating charge |
Hypothecation cum
loan agreement (plant and machinery, stocks and book debts) executed by the
company to secure the windmill term loan of Rs.31.500 Millions |
|
Date of
instrument Creating the charge |
20.08.2010 |
|
Amount secured by
the charge |
Rs.31.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: 5 % above base
rate presently @ 13 % p.a. with monthly rest. Terms of
Repayment: 28 quarterly installments
of Rs.1.125 Million each commencing from six months after first disbursement. Margin: 25% Extent and
Operation of the charge: First and
exclusive hypothecation charge on 3 nos. of 250 Kw wind turbine generators
(WTGs) located at Mayaman Kurichi Village, Alangulam Taluka, Tirunelveli
District, Tamilnadu to secure windmill term loan of Rs.31.500 Millions along
with interest, addl. interest, penal interest, liquidated damages, costs,
charges, commission and all other amount due to the bank from time to time of
what so ever nature. |
|
Particulars of
the property charged |
3 Nos. of 250 Kw
wind turbine generators (WTGs) located at |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Land (Windmills)
· Electrical equipments
· Vehicles
· Furniture and Fixtures
· Electrical Installations and Fittings
· Windmill
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.44.48 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.42 |
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.