MIRA
INFORM REPORT
|
Report Date : |
30.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
K B PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
946, Dadoba Compound, Opposite Vishal Dyeing Mill, Val Village, Near
Anjur Phata, Tal Bhiwandi, Thane – 421302, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
03.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-169627 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2007PTC169627 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK0644E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Dairy Products Ranging From Skimmed Milk Powder, Whey
Powder, Whole Milk Powder, Butter Ghee etc. |
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 |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. The valuation report and
networth statement available seems to be satisfactory. No complaints have
been heard from indirect or market sources. It would be available to take adequate securities while dealing with
the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Balachandra Nayak |
|
Designation : |
Accountant |
|
Contact No.: |
91-9819061381 |
|
Date : |
28.04.2011 |
LOCATIONS
|
Registered Office/ Factory : |
946, Dadoba Compound, Opposite Vishal Dyeing Mill, Val Village, Near
Anjur Phata, Tal Bhiwandi, Thane – 421302, Maharashtra, India |
|
Tel. No.: |
91-2522-656092/ 274438 91-22-23758994/ 23751450/ 23735346 |
|
Mobile No.: |
91-9819061381 (Mr. B. M. Nayak) |
|
Fax No.: |
91-2522-656092/ 274438 91-22-23758994/ 23751450/ 23735346 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
9000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
203/204, The Great Eastern Chambers, 2nd Floor, Sector 11,
Behind Central Bank, CBD Belapur (East), Navi Mumbai – 400614, Maharashtra,
India |
|
Tel. No.: |
91-27564801/ 02/ 03/ 04 |
|
Fax No.: |
91-27564801/ 02/ 03/ 04 |
|
Area : |
2190 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Dealer’s Network : |
Located at: ·
· Navi Mumbai · Ahmedabad · Sujangarh · Pune ·
·
· Valsad ·
· Janaghad · Kalyan · Jhalod ·
· Thane · Nashik · Palghar · Bijapur · Ankleshwar ·
·
· Silvasa ·
·
· Chennai · Bahadurgarh |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Kewalchand Bakhtawarmal Jain |
|
Designation : |
Director |
|
Address : |
Plot No. Y-17, Aatma Bandhu GES, Sector 20, C B D Bellapur, Navi
Mumbai – 400614, |
|
Date of Birth/Age : |
04.01.1980 |
|
Qualification : |
HSC |
|
Experience : |
33 years |
|
Date of Appointment : |
03.04.2007 |
|
|
|
|
Name : |
Mr. Jagdish Sukhraj Jain |
|
Designation : |
Director |
|
Address : |
Plot No. Y-17, Aatma Bandhu GES, Sector 20, C B D Bellapur, Navi
Mumbai – 400614, |
|
Date of Birth/Age : |
14.07.1965 |
|
Qualification : |
B. Com |
|
Experience : |
33 years |
|
Date of Appointment : |
03.04.2007 |
|
|
|
|
Name : |
Mr. Ravikumar Kewalchand Jain |
|
Designation : |
Director |
|
Address : |
Plot No. Y-17, Aatma Bandhu GES, Sector 20, C B D Bellapur, Navi
Mumbai – 400614, |
|
Date of Appointment : |
03.04.2007 |
KEY EXECUTIVES
|
Name : |
Mr. Balachandra Nayak |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Kewalchand Jain |
|
5000 |
|
Jagdish Jain |
|
5000 |
|
Kewalchand Jain (HUF) |
|
100 |
|
Jagdish Jain (HUF) |
|
100 |
|
Saroj Jain |
|
100 |
|
Shakuntala Jain |
|
100 |
|
|
|
100 |
|
Priti Jain |
|
100 |
|
Sonal Jain |
|
100 |
|
Pyaribai Jain |
|
100 |
|
|
|
|
|
Total |
|
10800 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Dairy Products Ranging From Skimmed Milk Powder, Whey
Powder, Whole Milk Powder, Butter Ghee etc. |
|
|
|
|
Agencies Held : |
· Bhole Baba Milk Foods Ind. Limited · Milk Foods Limited · Bhole Baba Dairy Ind. Limited · G. C. M. M. FD. Limited |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
|
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Nakoda Brand Dairy Special Pure Ghee, Dairy Taza Pure Ghee |
|
10.00 Tons per
day |
10.00 Tons per
day |
|
|
|
|
|
|
Coco-Special Coconut Oil, Ground Nut Oil, Other Edible Oil etc. |
|
5.00 Tons per
day |
5.00 Tons per
day |
GENERAL INFORMATION
|
Suppliers |
·
Atmabandhu Industries ·
Torrent Power Limited ·
Harsh Enterprises ·
Hardik Enterprises ·
K B Products (Commission) ·
Reliable Transport of India ·
Lakhani and Lakhani ·
Manish Jain and Company ·
Anik Industries Limited, Bhiwandi ·
Bhole Baba Milk Food Industries, ·
Dairy Products Corporation, Neral ·
Daily Food ·
Karishma Dairy Marketing, Santacruz ·
Heritage Foods India Limited, Vashi ·
Milk Food Limited, Mumbai ·
Punjab Milk Food Company Private Limited, ·
R. Agrawal and Sons, Nalbazar ·
Reliance Dairy Foods Limited, Thane ·
Sai Baba Trading Company, Masidid Bunder ·
Shri Khar Gandhi Dairy Products Private Limited,
Vashi ·
Shubham Foods Private Limited, Ahmedabad ·
Siddharth Milk Private Limited, ·
Swaraj India Industries Limited, Pune |
|
|
|
|
Customers : |
Wholesalers, Retailers and End Users ·
Arzoo Enterprises, Ahmednagar ·
Avani Traders, Ahmedabad ·
Bakhtawarmal Babulalgi, ·
Bajaj Agencies, Bahadurgarh Haridhar ·
Bohara Foods Private Limited, Jalgaon ·
Deepak Traders, Kopergaon ·
Ganesh Marketing, Karjat ·
Iskon Food Relief Foundation, Pune ·
Kalyani Agency, Aurangabag ·
Magic Time Trading Company, Belapur ·
Moolchand Prajapat and Company,
Rajasthan ·
Nanjibhai Pirabhai, ·
Reliance Fresh Limited, Pune ·
S. R. Products, Pune ·
Shree Agency, ·
Shree Renuka Enterprises, Nashik ·
Siddhivinayak Agro Industries, Sinner
·
Vanachand and Company, |
|
|
|
|
No. of Employees : |
45 (Office – 12, Factory – 30 and Branch – 03) |
|
|
|
|
Bankers : |
·
Corporation Bank Mandvi Branch, ·
HDFC Bank |
|
|
|
|
Facilities : |
Credit Facility – Rs.2.415 Millions from Corporation Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lakhani and Lakhani Chartered Accountant |
|
Address : |
F-1, Shanti Bhuvan, |
|
Tel. No.: |
91-22-25680678/ 25688329/ 25935370/ 25935371/ 76 |
|
Fax No.: |
91-22-25935370/ 71 |
|
Email : |
|
|
Website : |
|
|
|
|
|
Associates/Subsidiaries : |
·
Kewalchand Vinodkumar Address: Office No.1, 1st Floor, Agrawal House, Activity: Dealer in Dairy Products and Edible Oil etc. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10800 |
Equity Shares |
Rs.10/- each |
Rs.0.108 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.108 |
0.108 |
0.108 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3.635 |
2.131 |
1.192 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.743 |
2.239 |
1.300 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
10.529 |
7.183 |
7.784 |
|
|
TOTAL BORROWING |
10.529 |
7.183 |
7.784 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14.272 |
9.422 |
9.084 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
10.043 |
2.423 |
1.348 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
33.380
|
56.174
|
26.037 |
|
|
Sundry Debtors |
22.907
|
13.380
|
20.069 |
|
|
Cash & Bank Balances |
0.959
|
0.544
|
1.003 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
1.450
|
1.326
|
1.247 |
|
Total
Current Assets |
58.696
|
71.424 |
48.356 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
29.273
|
49.042
|
25.292 |
|
|
Other Current Liabilities |
24.436
|
14.907
|
14.805 |
|
|
Provisions |
0.774
|
0.498
|
0.553 |
|
Total
Current Liabilities |
54.483
|
64.447 |
40.650 |
|
|
Net Current Assets |
4.213
|
6.977 |
7.706 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.016 |
0.022 |
0.030 |
|
|
|
|
|
|
|
|
TOTAL |
14.272 |
9.422 |
9.084 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
365.421 |
268.071 |
263.722 |
|
|
|
Other Income |
0.041 |
0.205 |
0.893 |
|
|
|
TOTAL |
365.462 |
268.276 |
264.615 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
348.451 |
254.787 |
254.414 |
|
|
|
Operating Expenses |
14.347 |
11.861 |
8.384 |
|
|
|
TOTAL |
362.798 |
266.648 |
262.798 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.664 |
1.628 |
1.817 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.453 |
0.209 |
0.072 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.211 |
1.419 |
1.745 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.707 |
0.480 |
0.553 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.504 |
0.939 |
1.192 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.131 |
0.692 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.500 |
0.500 |
0.500 |
|
|
|
Dividend |
-- |
-- |
-- |
|
|
|
Tax on Dividend |
-- |
-- |
-- |
|
|
BALANCE CARRIED
TO THE B/S |
2.135 |
1.131 |
0.692 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
139.26 |
86.94 |
110.37 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.41
|
0.35 |
0.45 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.61
|
0.53 |
0.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.22
|
1.92 |
3.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.59
|
0.63 |
1.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
17.37
|
31.99 |
37.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
1.11 |
1.19 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The Registered
Office of the company has been shifted from 8/410, Keshavji Road, Bhat Bazar,
Chinch Bunder, Mumbai – 400009, Maharashtra, India, to the present address
w.e.f. 10.04.2007.
------------------------------------------------------------------------------------------------------------------------------
NOTE:
Subject started business as a proprietorship concern and later converted
to a Private Limited in 2007.
------------------------------------------------------------------------------------------------------------------------------
K B PRODUCTS
(PROPRIETORSHIP
CONCERN)
BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.695 |
0.589 |
0.892 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.695 |
0.589 |
0.892 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.454 |
0.806 |
0.697 |
|
|
2] Unsecured Loans |
11.877 |
11.227 |
11.829 |
|
|
TOTAL BORROWING |
12.331 |
12.033 |
12.526 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13.026 |
12.622 |
13.418 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.727 |
1.987 |
2.984 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.873 |
7.312 |
15.785 |
|
|
Sundry Debtors |
2.611 |
0.810 |
9.925 |
|
|
Cash & Bank Balances |
0.837 |
0.666 |
2.723 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
9.394
|
7.555
|
0.641 |
|
Total
Current Assets |
13.715
|
16.343
|
29.074 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
2.416
|
5.708
|
18.640 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
|
Total
Current Liabilities |
2.416
|
5.708
|
18.640 |
|
|
Net Current Assets |
11.299
|
10.635
|
10.434 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000
|
0.000
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13.026 |
12.622 |
13.418 |
|
PROFIT & LOSS ACCOUNT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
Sales Turnover |
11.167 |
48.582 |
108.457 |
|
|
Other Income |
1.982 |
1.811 |
0.066 |
|
|
Total Income |
13.149 |
50.393 |
108.523 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
0.669 |
0.796 |
0.823 |
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
0.669 |
0.796 |
0.823 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Sales |
10.579 |
46.542 |
103.371 |
|
|
Indirect Expenses |
1.901 |
2.945 |
3.928 |
|
|
Direct Expenses |
0.000 |
0.110 |
0.401 |
|
Total Expenditure |
12.481 |
49.597 |
107.700 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
KEWALCHAND JAIN
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the Property with Survey No./
Door No. etc. |
CBD, Navi Mumbai Dadoba Compound |
|
|
|
|
Description: Land / Site/ Building |
Y-17, Aatma Bandhu Bhiwandi |
|
|
|
|
Whether Freehold/ Leasehold |
Freehold Freehold |
|
|
|
|
Type of Property (Commercial/ Residential/ Agricultural) |
Residential Commercial (Godown) |
|
|
|
|
Area/ Extent of Land |
150 sq. mtrs. 2800 sq. fts. |
|
|
|
|
Present
Market/ Assessed Value |
Rs.20.000
Millions Rs.10.000
Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ Firm. Concern in
which investment is made |
Various companies |
|
|
|
|
Present
Value of Investment |
Rs.2.773
Millions |
DEPOSITS
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Present
Value of Deposits |
Rs.0.007
Millions |
SHARES/ DEBENTURES/ MUTUAL
FUNDS / UNITS ETC.
|
Description |
Various Companies |
|
|
|
|
Present
Value |
Rs.1.323
Millions |
LIFE INSURANCE POLICIES
|
Surrender
Value |
Rs.0.099
Million |
OTHER ASSETS
|
Furniture and Fixtures |
0.029 |
|
|
|
|
Cash in Hand |
0.036 |
|
|
|
|
Jewellery |
0.050 |
|
|
|
|
Other assets if any |
0.115 |
|
|
|
|
Total
Value of Other Assets |
Rs.
0.230 Million |
|
TOTAL
ASSETS |
RS.
34.432 MILLIONS |
LIABILITIES
FURNISH LOANS AVAILED FROM
BANKS/ FINANCIAL INSTITUTIONS AND OTHER BORROWINGS
|
Amount Outstanding |
Rs.0.390 Million |
|
NET WORTH |
RS.34.042 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
JAGDISH JAIN
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the Property with Survey No./
Door No. etc. |
CBD, Navi Mumbai Dadoba, Bhiwandi |
|
|
|
|
Description: Land / Site/ Building |
Belapur 946,47 Dadoba Compound |
|
|
|
|
Whether Freehold/ Leasehold |
Freehold Freehold |
|
|
|
|
Type of Property (Commercial/ Residential/ Agricultural) |
Residential Commercial (Godown) |
|
|
|
|
Area/ Extent of Land |
150 sq. mtrs. 2800 sq. fts. |
|
|
|
|
Present
Market/ Assessed Value |
Rs.20.000
Millions Rs.10.000
Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ Firm. Concern in
which investment is made |
Various companies |
|
|
|
|
Present
Value of Investment |
Rs.0.868
Million |
DEPOSITS
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Present
Value of Deposits |
Rs.3.276
Millions |
LIFE INSURANCE POLICIES
|
Surrender
Value |
Rs.0.900
Million |
VEHICLE OWNED
|
Present
Market Value |
Rs.0.289
Million |
OTHER ASSETS
|
Cash in Hand |
0.829 |
|
|
|
|
Other assets if any |
0.100 |
|
|
|
|
Total
Value of Other Assets |
Rs.0.929
Million |
|
TOTAL
ASSETS |
RS.36.262
MILLIONS |
LIABILITIES
FURNISH LOANS AVAILED FROM
BANKS/ FINANCIAL INSTITUTIONS AND OTHER BORROWINGS
|
Amount Outstanding |
Rs.4.182 Millions |
|
NET WORTH |
RS.32.080 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MS.
SAROJ JAIN
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the Property with Survey No./
Door No. etc. |
CBD, Navi Mumbai CBD, Navi Mumbai |
|
|
|
|
Description: Land / Site/ Building |
Y-17, Atmabandhu |
|
|
|
|
Whether Freehold/ Leasehold |
Freehold Freehold |
|
|
|
|
Type of Property (Commercial/ Residential/ Agricultural) |
Residential Commercial (Godown) |
|
|
|
|
Area/ Extent of Land |
150 sq. mtrs. 950 sq. fts. |
|
|
|
|
Present
Market/ Assessed Value |
Rs.20.000
Millions Rs.7.500
Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ Firm. Concern in
which investment is made |
Various companies |
|
|
|
|
Present
Value of Investment |
Rs.0.195
Million |
DEPOSITS
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Banks/ company were deposits
are held |
Corporation Bank |
|
|
|
|
Present
Value of Deposits |
Rs.1.859
Millions |
LIFE INSURANCE POLICIES
|
Surrender
Value |
Rs.0.110
Million |
OTHER ASSETS
|
Cash in Hand |
0.016 |
|
|
|
|
Plant and Machinery |
0.142 |
|
|
|
|
Other assets if any |
1.300 |
|
|
|
|
Total
Value of Other Assets |
Rs.1.458
Millions |
|
TOTAL
ASSETS |
RS.31.122
MILLIONS |
LIABILITIES
FURNISH LOANS AVAILED FROM BANKS/
FINANCIAL INSTITUTIONS AND OTHER BORROWINGS
|
Amount Outstanding |
Rs.0.026 Million |
|
NET WORTH |
RS.31.096 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MS.
SHAKUNTALA JAIN
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the Property with Survey No./
Door No. etc. |
1. CBD, Navi Mumbai GES Belapur 2. Dadoba Compound |
|
|
|
|
Description: Land / Site/ Building |
Y-17, Atmabandhu Bhiwandi |
|
|
|
|
Whether Freehold/ Leasehold |
Freehold Freehold |
|
|
|
|
Type of Property (Commercial/ Residential/ Agricultural) |
Residential Commercial (Godown) |
|
|
|
|
Area/ Extent of Land |
150 sq. mtrs. 950 sq. fts. |
|
|
|
|
Present
Market/ Assessed Value |
Rs.20.000
Millions Rs.7.500
Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ Firm. Concern in
which investment is made |
K B Products = Rs.0.292 Million K B Products private Limited = Rs.0.530
Million K b Products = Rs.0.001 Million |
|
|
|
|
Present
Value of Investment |
Rs.0.823
Million |
DEPOSITS
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Present
Value of Deposits |
Rs.0.349
Millions |
LIFE INSURANCE POLICIES
|
Surrender
Value |
Rs.0.097
Million |
OTHER ASSETS
|
Cash in Hand |
0.077 |
|
|
|
|
Jewellery |
0.050 |
|
|
|
|
Other assets if any |
0.129 |
|
|
|
|
Total
Value of Other Assets |
Rs.0.256
Million |
|
TOTAL
ASSETS |
RS.29.025
MILLIONS |
LIABILITIES
FURNISH LOANS AVAILED FROM BANKS/
FINANCIAL INSTITUTIONS AND OTHER BORROWINGS
|
Amount Outstanding |
Rs.0.890 Million |
|
NET WORTH |
RS.28.135 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUE
OF FRINGE BENEFITS IN TERMS OF SECTION 115 WC READ WITH SECTION 115WB FOR THE
ASSESMENT YEAR 2009 – 10
(RS. IN MILLIONS)
|
Section under
which chargeable to Fringe Benefit Tax |
Name |
Amount of
expenditure incurred or payment made |
Percentage expenditure/ Payment being fringe benefits |
Value of fringe
benefits |
|
|
|
|
|
|
|
Free or concessional ticket provided by the
employer for private journeys of this employees or their family members |
Nil |
100% |
Nil |
|
Any contribution by the employer to any
approved Superannuation fund for employees (see Note1) |
Nil |
100% |
Nil |
|
Entertainment |
Nil |
20% |
Nil |
|
Provision of Hospitality of every kind by
the employer to any person (see Note 2) |
Nil |
20% (see Note 3) |
Nil |
|
Conference (Other than fee for participation by the
employees in any conference) (See Note 4) |
Nil |
20% |
Nil |
|
Sales promotion including publicity (see Note 5) |
0.121 |
20% |
0.024 |
|
Employees’ Welfare (see Note 6) |
Nil |
20% |
Nil |
|
Conveyance, (see Note 7) |
Nil |
20% (See Note 8) |
Nil |
|
Use of hotel, boarding and lodging
facilities |
Nil |
20% (See Note 9) |
Nil |
|
Repair, Running (including fuel), maintenance of motor cars and
the amount of depreciation thereon |
Nil |
20% (see Note 10) |
Nil |
|
Repair, Running ( Including Fuel) and
maintenance of aircraft and the amount of depreciation thereon |
Nil |
20% (See Note 11) |
Nil |
|
Use of Telephone (Including mobile phone)
other than expenditure on leased telephone lines |
0.042 |
20% |
0.009 |
|
Maintenance of any accommodation in the
nature of guest house other than accommodation used for training purpose |
Nil |
20% |
Nil |
|
Festival Celebrations |
Nil |
50% |
Nil |
|
Use of health club and similar facilities |
Nil |
50% |
Nil |
|
Use of any other club facilities |
Nil |
50% |
Nil |
|
Gifts |
Nil |
50% |
Nil |
|
Scholarships |
Nil |
50% |
Nil |
|
Tour and Travel (Including foreign travel)
(see Note 12) |
Nil |
5% |
Nil |
|
|
|
|
|
|
|
Total |
|
0.163 |
|
0.033 |
NOTES:
1.
For Assessment year 2007-08
and subsequent assessment years, the value of fringe benefits in respect of
contribution by the employer to an approved superannuation fund shall be the
amount of contribution which exceeds Rs.0.100 Million in respect of each
employee
2.
Expenditure on
hospitality does not include the following :-
(i)
any expenditure on, or
payment for, food or beverage provided by the employer to his employees in
office or factory;
(ii)
any expenditure on, or
payment through paid vouchers which are not transferable and usable only at
eating joints or outlets
3.
In the case of an
employer engaged in the business of hotel 5% shall be substituted for 20%. In
addition to this, in the case of an employer engaged in the business of
carriage of passengers or goods by aircraft or by ship 5% shall be substituted
for 20% for assessment year 2007-08 and subsequent assessment years.
4.
For the purpose of this
clause, any expenditure on conveyance, tour and travel (including foreign travel),
on hotel or boarding and lodging in connection with any conference shall be
deemed to be expenditure incurred for the purpose of conference.
5.
The following expenditure
on advertisement shall not be considered as expenditure on sales promotion
including publicity.
(i)
the expenditure
(including rental) on advertisement of any form in any print (including
journals, catalogues or price lists) or electronic media or transport system.
(ii)
The expenditure on the
holding of, or the participation in any press conference or business
convention, fair or exhibition.
(iii)
The expenditure on
sponsorship of any sport event or any other event organized by any Government
agency or trade association or body.
(iv)
The expenditure on the
publication in any print or electronic media of any notice required to be
published by or under any law or by an order of a court or Tribunal
(v)
The expenditure on
advertisement by way of signs, art work, painting, banners, awnings, direct
mail, electric spectaculars, kiosks, hoardings, bill boards or by way of such
other medium of advertisement.
(vi)
The expenditure byway of
payment of any advertising agency for the purpose of clause (i) to (v) above
(vii)
The expenditure on
distribution of free samples of medicines or of medical equipment, to doctors
(not be considered as expenditure or sales promotion, including publicity for
assessment year 2007-08 and subsequent assessment years)
(viii)
The expenditure by way of
payment to any person of repute for promoting the sale of goods or services for
the business of the employer (not to be considered as expenditure on sales
promotion, including publicity for assessment year 2007-08 and subsequent
assessment years)
6.
For the purpose of this
clause, any expenditure incurred or payment made to fulfill any statutory
obligation or mitigate occupational hazards or provide first aid facilities in
the hospital or dispensary run by the employer shall not be considered as
expenditure for employee’s welfare
7.
For assessment year 2007-08 and subsequent
assessment years, clause (F) of sub-section (2) of section 115WB refers to
expense of ‘conveyance’
8.
In the case of an
employer engaged in the business of construction, or in the business of
manufacture of production of pharmaceuticals or computer software, 5% shall be
substituted for 20%
9.
In the case of an
employer engaged in the business of manufacture or production of
pharmaceuticals or computer software, 5% shall be substituted for 20% Besides,
in the case on an employer engaged in the business of carriage of passengers or
goods by aircraft or by ship 5% shall be substituted for assessment year
2007-08 and subsequent assessment years
10.
In the case of and
employer engaged in the business of carriage or passengers or goods by motor
car, 5% shall be substituted for 20%
11.
In the case of an employer
engaged in the business of carriage of passengers or goods by aircraft, ‘Nil’
shall be substituted for 20%
12.
This clause is applicable
for assessment year 2007-08 and subsequent assessment years”.
------------------------------------------------------------------------------------------------------------------------------
MONTH
WISE SALES AND PURCHASES STATEMENT
FOR THE YEAR 2010-2011
(RS. IN MILLIONS)
|
MONTH
|
NET
SALES |
NET
– PURCHASES |
|
April – 10 |
23.290 |
18.925 |
|
May – 10 |
17.990 |
7.778 |
|
June – 10 |
25.010 |
18.018 |
|
July – 10 |
21.537 |
43.951 |
|
August – 10 |
27.203 |
22.104 |
|
September – 10 |
37.968 |
40.467 |
|
October – 10 |
31.331 |
25.392 |
|
November – 10 |
30.485 |
34.761 |
|
December – 10 |
21.113 |
15.142 |
|
January – 10 |
17.658 |
17.530 |
|
February – 10 |
21.764 |
16.805 |
|
|
|
|
|
Total
|
275.3418 |
260.873 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION OF MACHINERY
PART - 1
GENERAL INFORMATION
|
Name of the Borrower and Address |
M/s. K. B.
Products Private Limited Add : Gala No. 11
to 13, Ground Floor, Dadoba Compound, Behind Vishal Dyeing Mill, Anjur Phata,
Village Vat, Taluka - Bhiwandi, District - Thane |
|
|
|
|
Purpose for which valuation is made |
To ascertain Fair
Market Value of Plant and Machinery |
|
|
|
|
Date on which valuation is made |
11.01.2011 |
|
|
|
|
Particulars of the Machinery valued: |
Edible oil,
coconut oil, and ghee processing as well as packaging machineries for oils,
ghee and milk powder in containers like tins, plastic bottles, jars, containers,
and pouches in various sizes from 15 liters to 40 ml. |
|
|
|
|
Location of the Machine |
Gala No. 11 to
13, Ground Floor, Dadoba Compound, Behind Vishal Dyeing Mill, Anjur Phata,
Village Val, Tatuka Bhiwandi, District Thane |
|
|
|
|
Name of the Owner/s of the Machine. |
M/s K.B. Products
Private Limited |
|
|
|
|
Brief description |
The Plant and
machineries were inspected by their Engineer Mr. Sharad Mody, along with Mr. Bhalchandra
Nayak, of M/s. K. B. Products Private Limited Bhiwandi on 11.1.2011 with a
view to ascertain fair market value of Plant and Machinery. The Factory is in
the business since Last 10 years and machineries are added or modified from
time to time as per requirement. The assets under
scope of valuation as advised by the owner, consists of kettle for mixing oil
and ghee, micro filter units, steam boiler, DG Set for manufacturing of
products. The packaging
machineries include various printing and Labeling machines for container
lids, and strips, filling and sealing machines for packed products. The report,
annexure and enclosures were cross checked, vetted and appraised by Mr. T. K.
Sengupta - Engineer, MBA |
|
|
|
|
Condition of the Machine A Parts B Parts C Parts |
At the time of
inspection on 11.01.2011, the machineries were found to be in good condition. |
|
|
|
|
WDV of the Machine as on the Last Balance Sheet Date as per final
accounts. |
The copy of Balance
sheet and schedule of depreciation is not provided by the company, and Bank
may obtain the same from the company. |
|
|
|
|
Whether machinery is in order / out of order? |
Machineries are
in working condition. |
|
|
|
|
Whether machinery is to be scraped. Major repairs and replacement
value. |
Machineries need
not to be scraped. |
|
|
|
|
SALES AND MARKETABILITY: |
|
|
Obtain instances of recent sale of the Machinery of same description size
and enquire about the sale price with dealers of the machinery. |
Instances of Sate
are rare since these machines are tailor made to perform specific function.
Machinery cost varies with design, manufacturer and material used. |
|
|
|
|
If the above information is not available, the basis on which
valuation is based. |
General visual
observation of machines, physical condition of machinery, type of product,
probable remaining useful life of the machines has been considered. |
|
|
|
|
Present Fair Market
Valuation |
Valuation = Rs.7.314 Millions |
|
|
|
|
Distress sale Value |
Rs.5.851 Millions |
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
PART - 1
GENERAL INFORMATION
|
Ref. No. |
YPCVL/ 6870/
Corp./ 2010-11 |
||||||||||||||
|
|
|
||||||||||||||
|
a) Purpose for which valuation made |
To ascertain
present FMV for Corporation Bank, Mandvi |
||||||||||||||
|
b) Fresh Valuation / Revaluation |
Revaluation for
YPCVL |
||||||||||||||
|
|
|
||||||||||||||
|
Visit Date on which valuation made |
13.01.2011 |
||||||||||||||
|
|
|
||||||||||||||
|
Name of the Owner / Seller / Purchaser |
Mr.
Jagdishchandra Sukhraj Jain and Mrs. Shakuntala Jagdish Jain |
||||||||||||||
|
|
|
||||||||||||||
|
If the property is under joint ownership/ share of each owner. Is the
share undivided? |
Joint Ownership |
||||||||||||||
|
|
|
||||||||||||||
|
Brief description of property |
Bungalow known as
Atma Bandhu, Plot No. Y-16, Belapur Gavthan, GES, Village Shahbaj, Navi
Mumbai, Taluka and District Thane Documents referred for our previous
valuation report dtd. 11.08.2007: 1. Deed of rectification
dated 22.06.2000 2. Deed of
Assignment of Lease dtd. 22.06.2000 3. Their
engineers visited the property on 13.01.2011 and taken few major photographs
as available to them at the time of visit and are enclosed herewith for the
perusal, verification and records. Brief Description: The residential
property Atma Bandhu Bungalow on Plot No. Y - 16 is situated at above address
and is about 2 kms. from Belapur railway station. All civic amenities are
nearby and within easy reach. The residential
building / Bungalow is of Ground + 2 upper floors. It is R.C.C. framed
structure with masonry walls. The plot under
report is developed with bungalow. The plans are sanctioned vide C. C. No. EE
/ BP / ATPO / Belapur / GSE/ Y16/ 2610 dtd. 17.12.1993 and O.C. is obtained
bearing No. NMMC / D- 2 / TPO / OC / 149I dtd. 19.05.1995 Nearest Landmark: Property is bounded by: North: Building
on Plot No. Y- 15 South: Road East: Y-17, part
of Atma Bandhu Bungalow West: Amenities of the property: Wooden flush
doors, powder coated aluminum windows, marble flooring, concealed wiring and
plumbing, POP painted walls, granite kitchen platform with S.S. Sink. Accommodation: Accommodation
consists of: Ground floor : Living cum dining room, kitchen, 1 WC and
bath First floor: 2 bedrooms, 2 terraces and 1 toilet Second floor : 2 bedrooms and 2 toilets Areas: As per
measurement
As per previous
valuation report Leased plot area is 150 sq. mtrs. and Constructed area is
1746.78 say 1747 sq. ft., which is considered for valuation. Notes and Limitations: 1) They considered
area as per previous valuation 2) The estimated
future life of the building/ structure considered on the basis of data
available from the site enquiries/ information etc. Maximum age of structure
considered 60 years in case of’ Greater and 50 years in other places. 3) Name of Atma
Bandhu and Plot No. Y-16 found on main entrance of bungalow. They identified
the property with Mr. Bhalchandra Nayak (Accounts Officer, employee of the
owner) 4) There were no
indications so as to confirm the land survey No. or Hissa No. of the owner’s
property and as such the same has been considered from the documents / Xerox
of documents provided to them. Disclaimers and Caveats: 1. The valuation is
based on their experience and knowledge and this is an opinion only and does
not stand as a guarantee for the value it can fetch if disposed, due to any
emergency, in future. 2. The legal
documents pertaining to the ownership of the above said property has been
referred to on its face value and that is presumed that Bank has got the same
verified through its legal counsel. They do not certify the veracity of the
documents. This report does not certify valid or legal or marketable title of
any of the parties over the property. The report does not cover verification
of ownership, title clearance, or legality and subject to adequacy of
engineering / structural design. 3. Their
valuation is only for the use of the party to whom it is addressed and no
responsibility is accepted to any third party for the whole or any part of
its contents. 4. Encumbrances
of Loan, Government and other dues, stamp duty, registration charges,
transfer charges etc. if any are not considered in the valuation. They have
assumed that the assets are free from encumbrances. 5. The report
should be read along with disclaimers. The value given in their report is
only an opinion on the FMV as on date. If there is any opinion from others /
valuers about increase or decrease in the value of the assets valued by them.
They should not be held responsible as the views var from person to person
and based on circumstances. The principle of “Buyers Beware” is applicable in
case of any sale/ purchase of assets. 6. This report
should be read along with legal due diligence report. Value assigned herein
is subject to this stipulation. 7. The Bank is
advised to consider the CIBIL Report of the customer before disbursement /
enhancement of the loan to safeguard the interest of the bank from probable loss
due to disbursal of loan amount. The valuers should not be held responsible
due to the deviations of the bank for any reasons. 8. It is presumed
that the Xerox of documents are taken from the originals duly tested and
verified at ultra violet lamp machine (UVL) about veracity. 9. It should be
noted that YPCVL’s value assessments are based upon the facts and evidence
available at the time of assessment. It is therefore recommended that the
value assessments be periodically reviewed. 10. The report is
issued at the specific request of the party for specific purpose and the said
report is not valid if the purpose of use and party is different. |
||||||||||||||
|
|
|
||||||||||||||
|
Location, Street, Ward No. |
Bungalow known as
Atma Bandhu, Plot No. Y-16, Belapur Gavthan, GES, Village Shahbaj, Navi
Mumbai, Taluka and District Thane |
||||||||||||||
|
|
|
||||||||||||||
|
Survey / Plot No. of land |
Plot No. Y-16,
Belapur Gavthan, GES, Village Shahbaj, Navi Murnbai, Taluka and District -
Thane |
||||||||||||||
|
|
|
||||||||||||||
|
Is the property situated at above address is about in residential!
commercial/ mixed/ industrial area? |
Residential area |
||||||||||||||
|
|
|
||||||||||||||
|
Classification of locality- High Class/ Middle Class/ Poor Class. |
Middle Class |
||||||||||||||
|
|
|
||||||||||||||
|
Proximity to civic amenities like schools, offices, hospitals, market,
cinemas, Railways etc. |
All civic
amenities are available within easy reach |
||||||||||||||
|
|
|
||||||||||||||
|
Means and proximity to surface communication by which the locality is
served. |
Railways, Taxi, bus,
auto, private vehicle etc. |
||||||||||||||
|
|
|
||||||||||||||
|
Is the property owner occupied, tenant, or both |
Owner occupied |
||||||||||||||
|
|
|
||||||||||||||
|
If partly occupied, specify portion and extent of area under owner
occupation. |
Owner occupied |
||||||||||||||
|
|
|
||||||||||||||
|
SALES AND MARKETABILITY: |
|||||||||||||||
|
Give instances of
sale of immovable property in the locality on a separate sheet, including the
name and address of the property, registration No., sale price and area land
sold. |
Sales instances
are not readily available. As such, local estate agent, builders and other
related agencies were contacted to ascertain fair market value. |
||||||||||||||
|
|
|
||||||||||||||
|
Market Rates adopted. |
Prevalent market Rate: As per Valuation
table Rate adopted for valuation: Plot - As per
valuation table Construction -
Rs.2000/- per sq. ft. Factors considered for valuation Location and
locality, facilities and amenities, quality of construction, residual life of
building, business potential, supply of demand, local nearby enquiry, market
feed back of investigation. |
||||||||||||||
|
|
|
||||||||||||||
|
If sale instances are not available or relied upon, basis of arriving
at the land-rate. |
Enquired with
local Architects and Real estate consultants about the current market rates
in that area and on this basis, property is valued under “Land and Building
Method”. |
||||||||||||||
PRESENT FAIR MARKET ALUATION:
Value of the
property at which it can be sold in the open market at a particular time free
from forced value or sentimental value. The market value need not be the same as
the present value. Market value may be less than the present value. Market
value of the any property gets affected at least by the ten factors: Economy,
Physical, Legal, Social, Utility, Marketability. Transferability, Scarcity,
Location and the most important factor ‘Demand’.
PREMIUM VALUE OF LAND
Residential flats
in the vicinity are ‘sold at Rs. 5000/- to Rs.6000/- per sq. ft. of saleable
area. Considering rate of Rs.6000/- per sq. ft. of saleable area i.e. Rs.7500/-
per sq. ft. of Built up area, the premium value of land works out as under:
|
Selling rate per
Built up area |
Rs.7500/- per sq.
ft. |
|
|
|
|
Less : Builders
profit and overheads |
Rs.1500/- per sq.
ft. |
|
|
|
|
Less : Cost of
construction |
Rs.1000/- per sq.
ft. |
|
|
|
|
Premium value of
land |
Rs.5000/- per sq.
ft. i.e. Rs.53820/- per sq. mtr. Say Rs.54000/- per sq. mtr. |
A] PLOT
|
Area of Plot |
150 sq. mtrs. |
|
|
|
|
FSI Permissible |
1.5 |
|
|
|
|
Permissible FSI |
225 sq. mtrs |
|
|
|
|
Selling rate
taken at |
Rs.54000/- per
sq. mtr. |
|
|
|
|
Premium value of Land |
Rs.12.150 Millions |
COST OF CONSTRUCTION (INSURANCE VALUE)
|
Activity
|
Constructed
area (sq.
ft.) |
Rate
of cost of construction (Rs.
/ sq. ft.) |
Cost
of Construction (Rs.
In Millions) |
|
|
|
|
|
|
Main Structure |
1746.78 |
2000 |
3.494 |
|
Amenities like marble floor, false ceiling, Granite sills and jambs, French doors etc. |
-- |
Lumpsum |
0.700 |
|
Compound wall space, water tanks, Misc. expenses |
-- |
Lumpsum |
0.500 |
|
|
|
|
|
|
|
|
Value
|
4.694 |
|
|
|
|
|
|
Less: Depreciation by S. L. Method assuming total life of building is 50
years salvage @ 10% and 16 years age |
Rs.46,93,560/-
x 16/50 x 0.9 |
1.352 |
|
|
DEP
RECIATED VALUE |
RS.3.342
MILLIONS |
||
|
TOTAL
VALUE (A + B) |
RS.15.492
MILLIONS |
DISTRESS
When a property is
sold at lesser price than the market value at that time. Such a value may be due
to financial difficulties of the seller, court decree, defect in title,
property given on long lease etc. When a borrower becomes a defaulter to the
bank and when he wants to sincerely repay the loan with interests, he is forced
to sell his property (which he had offered as security to the bank) and from
the sale proceeds, he intends to repay to the bank.
TECHNICAL
DETAILS FOR THE PREMISES
|
No. of floors and
height of each floor. |
Ground + 2 upper
floors Ht—9’6” |
|
|
|
|
Location and Plinth
Area |
Bungalow known as
Atma Bandhu, Plot No. Y- 16, Plot - 2421 sq. ft. Built up area - 1747 sq. ft. |
|
|
|
|
Year of
Construction |
Year- 1995 Age of Building -
16 Years |
|
|
|
|
Estimated future
life |
34 years (Subject
to proper and regular maintenance of the building) |
|
|
|
|
Type of
construction |
RCC Framed
structure |
|
|
|
|
Type of
foundation |
RCC Footing |
|
|
|
|
WALLS |
|
|
a) External walls |
9” thick brick
masonry walls |
|
b) Partitions |
4’/2” thick brick
masonry walls |
|
|
|
|
Door and Windows
(floor-wise) |
Aluminum Sliding
windows, Wooden flush doors |
|
|
|
|
Flooring
(floor-wise) |
Marble flooring |
|
|
|
|
Finishing and
Maintenance |
POP Painted with
false ceiling |
|
|
|
|
Roofing and
terracing. |
RCC slab roof |
|
|
|
|
|
|
|
Special
architectural or decorative features. |
Fully Furnished |
|
a) Internal
wiring- surface or conduit. |
Concealed wiring |
|
b) Class of
fittings superior/ ordinary/ poor. |
Ordinary |
|
|
|
|
a) Sanitary installations. |
3 Toilets and 1
WC and 1 bath |
|
b) Class of
fittings superior colored/ Superior white/ ordinary |
|
|
|
|
|
Compound Wall |
5ft height brick
masonry wall, with entrance gate. |
|
|
|
|
No of lifts and
capacity |
No lift |
|
|
|
|
Underground sump |
Exists |
|
|
|
|
Capacity |
Sufficient as per
requirement having adequate size |
|
|
|
|
Type of
construction |
RCC |
|
|
|
|
Overhead Tank |
Exists |
|
Where Located |
On Terrace |
|
Capacity |
Sufficient as per
requirement having adequate size |
|
Type of
construction |
RCC |
|
|
|
|
Pumps Nos. and
their Horsepower |
1 Pump |
|
|
|
|
Roads and Paving
within the compound, approx area |
Asphalted
approach road and tiled pavings. |
|
|
|
|
Sewage disposal/
whether connected to Public sewers. If septic tanks provided, no and capacity
|
Connected to
municipal sewer line |
|
|
|
|
Regards to
Aesthetics and environment |
Good |
|
|
|
|
Safety
considerations Fires, earthquakes and tides. |
Not
Applicable. |
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
PART - 1
GENERAL INFORMATION
|
Ref. No. |
YPCVL/ 6907/
Corp./ 2010-11 |
|
|
|
|
a) Purpose for which valuation made |
To ascertain
present FMV for Corporation Bank, Mandvi |
|
b) Fresh Valuation / Revaluation |
Revaluation for
YPCVL |
|
|
|
|
Visit Date on which valuation made |
11.01.2011 |
|
|
|
|
Name of the Owner / Seller / Purchaser |
Mr. Jayntilal
Bhaktavarmal Jain |
|
|
|
|
If the property is under joint ownership/ share of each owner. Is the
share undivided? |
Single Ownership |
|
|
|
|
Brief description of property |
Unit nos. 11 to
14 are in a row with common wall in between. Three separate valuation reports
are prepared for each of the three units and this reported for Gala No. 11. Address: Gala No. 11, Ground
Floor, Dadoba Compound, Behind Vishal Dyeing Mill, Anjur Phata, Village Val,
Taluka - Bhiwandi, District - Thane. 1) Previous
valuation report dtd. 08.08.2007 when the following documents were made
available a) 2) Property Tax
Bill Receipt No. 773 dtd. 17.01.2011 for Grampanchayat Val in the name of Mr.
Kewalchand Bhaktavarmal Jain for House No. 945/1 and Gala No.11. 3) The engineers
visited the property on 11.01.2011 and taken few major photographs as available
to them at the time of visit and are enclosed herewith for the perusal,
verification and records. Brief Description: The industrial
Gala No. 11, Ground Floor, Dadoba Compound situated at above address is about
3 kms. from Bhiwandi railway station. The gala is situated within industrial
area. All civic amenities are nearby and within 3 kms. Auto and buses are
available for transport. The structure is
load bearing wall with AC sheet roof on mild steel truss at height of 18’ to
22ft. A mezzanine floor having 9ft. height is provided for part of the shed. The premises is
used for storage of edible oils and ghee. The plot is leveled. Boundary wall
is not provided. Nearest Landmark: Property is bounded by: East: Road South: Unit No.12 North: Unit No.10 West: Godown Amenities of the property: IPS / mosaic
tiles flooring, M.S. Rolling shutter doors, M.S. grilled windows, open
conduit wiring, the wall are given white wash paint. Accommodation: Accommodation provided
is one large area on ground floor used for industrial activity and mezzanine
floor is used as laboratory and stores. The packing work is done on ground
level The structures are used for storage of edible oils and ghee. Areas: As per
measurement the carpet area is 2830 sq. ft. and mezzanine floor is 600 sq.
ft. It is stated in
previous report that the area of Gala No. 11 as per sale deed provided then
had been is 2832.5 sq. ft., which is considered for valuation now also. The
mezzanine floor was also valued for 600 sq. ft. and the same area is
considered for valuation. A) Notes and Limitations: 1) The name of
M/s. K.B. Products private Limited and address are displayed on the main
gate. Mr. Bhalchandra Nayak the representative of owner identified the
property to their valuer. No identification mark found at site to their
valuer. 2) The property
tax bill is in the name of Mr. Kewalchand Bhaktavarrnal Jain whereas the name
of the owner is Mr. Jayntilal Bhaktavarrnal Jain. The bank may considered this
difference in name if found necessary. 3) For valuation
they have considered the area given in the previous valuation report. 4) Copy of the
approved plans not given for their verification and the same may be obtained
from the owner. B) Disclaimers and Caveats: 1) The estimated
future life of the building/ structure considered on the basis of data
available from the site enquiries/ information. Maximum age of structure
considered 60 years in case of Greater Mumbai / TMC / NMMC and 50 years in
other places. 2) As an abundant
precaution the bank may consider the obtaining of the CIBIL Report of the
customers before disbursement / enhancement of the loan to safeguard the
interest of the bank from probable loss due to disbursal of loan amount. The
valuers should not be held responsible due to the deviations of the bank for
any reasons. 3) The valuation
is based on their experience and knowledge and this is an opinion only and
does not stand as a guarantee for the value it can fetch if disposed, due to
any emergency, in future. 4) This report
does not certify valid or legal or marketable title of any of the parties
over the property. The report does not cover verification of ownership, title
clearance, or legality and subject to adequacy of engineering / structural
design. 5) Their
valuation is only for the use of the party to whom it is addressed and no
responsibility is accepted to any third party for the whole or any part of
its contents. 6) Encumbrances of
Loan, Government and other dues, stamp duty, registration charges, transfer
charges etc. if any are not considered in the valuation. They have assumed
that the assets are free from encumbrances. 7) The report is
issued at the specific request of the party for specific purpose and the said
report is not valid if the purpose of use and party is different. 8) The value
given in their report is only an opinion on the FMV as on date. If there is
any opinion from others / valuers about increase or decrease in the value of
the assets valued by them, They should not be held responsible as the views
vary from person to person and based on circumstances. The principle of
“Buyers Beware” is applicable in case of any sale/ purchase of assets. 9) This report
should be read along with legal due diligence report. Value assigned herein
is subject to this stipulation. It is presumed that the Xerox of documents
are taken from the originals duly tested and verified at ultra violet lamp
machine (UVL) about veracity. 10) It should be
noted that YPCVL’s value assessments are based upon the facts and evidence
available at the time of assessment. It is therefore recommended that the
value assessments be periodically reviewed |
|
|
|
|
Location, Street, Ward No. |
Gala No.11, Ground
Floor, Dadoba Compound, Behind Vishal Dyeing Mill, Anjur Phata, Village Val,
Taluka - Bhiwandi, District - Thane |
|
|
|
|
Survey / Plot No. of land |
Survey No. 96/6
and 7 of Village Val |
|
|
|
|
Is the property situated at above address is about in residential!
commercial/ mixed/ industrial area? |
Industrial area |
|
|
|
|
Classification of locality- High Class/ Middle Class/ Poor Class. |
Middle Class |
|
|
|
|
Proximity to civic amenities like schools, offices, hospitals, market,
cinemas, Railways etc. |
All civic
amenities are nearby and within 3 km. |
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Railways, Taxi,
bus, auto, private vehicle etc. |
|
|
|
|
Is the property owner occupied, tenant, or both |
Owner occupied,
the bank to get it confirmed |
|
|
|
|
If partly occupied, specify portion and extent of area under owner
occupation. |
Owner occupied, the
bank to get it confirmed |
|
|
|
|
SALES AND MARKETABILITY: |
|
|
Give instances of
sale of immovable property in the locality on a separate sheet, including the
name and address of the property, registration No., sale price and area land
sold. |
Sales instances
are not readily available. As such, local estate agent, builders and other
related agencies were contacted to ascertain fair market value. |
|
|
|
|
Market Rates adopted. |
Prevalent market Rate: Rs.800/- to
Rs.1200/- per sq. ft. Rate adopted for valuation: Rs.1100/- per sq.
ft. for Gala Rs.400/- per sq.
ft. for mezzanine Factors considered for valuation: Location and
locality, facilities and amenities, quality of construction, residual life of
building, business potential, supply of demand, local nearby enquiry, market
feed back of investigation. |
|
|
|
|
If sale instances are not available or relied upon, basis of arriving
at the land-rate. |
Enquired with local
Architects and Real estate consultants about the current market rates in that
area and on this basis, property is valued under “Selling Price Method”. |
PRESENT FAIR MARKET VALUATION:
A) Gala:
|
Area |
2832.5 sq. ft |
|
Rate adopted for
valuation |
Rs.1100/- per sq.
ft. |
|
|
|
|
Value |
Rs.3.116 Millions |
B) Mezzanine floor:
|
Area |
600 sq. ft |
|
Rate adopted for
valuation |
Rs.400/- per sq.
ft. |
|
|
|
|
Value |
Rs.0.240 Million |
|
Total A + B |
Rs.3.356 Millions |
DISTRESS
INSURANCE VALUE (STRUCTURES) = RS.1.133
MILLION
TECHNICAL
DETAILS FOR THE PREMISES
|
No. of floors and
height of each floor. |
Ground Floor
Ht-20’ |
|
|
|
|
Location and Plinth
Area |
Gala No.11,
Ground Floor Carpet area -
2830 sq. ft. and mezzanine floor – 600 sq. ft. - measurement Built up area -
2832.5 sq. ft. and mezzanine floor -600 sq. ft. |
|
|
|
|
Year of
Construction |
Year- 2001 Age of Building -
10 Years |
|
|
|
|
Estimated future
life |
40 years (Subject
to proper and regular maintenance of the building) |
|
|
|
|
Type of
construction |
Load bearing wall
structure |
|
|
|
|
Type of
foundation |
Load bearing |
|
|
|
|
WALLS |
|
|
a) External walls |
9” thick brick
masonry walls |
|
b) Partitions |
4’/2” thick brick
masonry walls |
|
|
|
|
Door and Windows
(floor-wise) |
M.S. Rolling
shutter door, M.S. grilled windows |
|
|
|
|
Flooring
(floor-wise) |
IPS /Mosaic tiles
flooring |
|
|
|
|
Finishing and Maintenance |
|
|
|
|
|
Roofing and
terracing. |
AC sheet roof |
|
|
|
|
|
|
|
Special
architectural or decorative features. |
|
|
a) Internal
wiring- surface or conduit. |
Open conduit
wiring |
|
b) Class of
fittings superior/ ordinary/ poor. |
Ordinary |
|
|
|
|
a) Sanitary
installations. |
Common Facility |
|
b) Class of
fittings superior colored/ Superior white/ ordinary |
Ordinary |
|
|
|
|
Overhead Tank |
|
|
Where Located |
On Loft |
|
Capacity |
Sufficient as per
requirement |
|
Type of
construction |
Sintex |
|
|
|
|
Pumps Nos. and
their Horsepower |
1 Pump |
|
|
|
|
Roads and Paving
within the compound, approx area |
Earthen Road |
|
|
|
|
Sewage disposal/ whether
connected to Public sewers. If septic tanks provided, no and capacity |
Connected to
septic tank |
|
|
|
|
Regards to
Aesthetics and environment |
Ok |
|
|
|
|
Safety
considerations Fires, earthquakes and tides. |
Ok as per
Grampanchayat norms. |
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
PART - 1
GENERAL INFORMATION
|
Ref. No. |
YPCVL/ 6908/
Corp./ 2010-11 |
|
|
|
|
a) Purpose for which valuation made |
To ascertain
present FMV for Corporation Bank, Mandvi |
|
b) Fresh Valuation / Revaluation |
Revaluation for
YPCVL |
|
|
|
|
Visit Date on which valuation made |
11.01.2011 |
|
|
|
|
Name of the Owner / Seller / Purchaser |
Mr. Kewalchand
Bhaktavarmal Jain |
|
|
|
|
If the property is under joint ownership/ share of each owner. Is the
share undivided? |
Single Ownership |
|
|
|
|
Brief description of property |
Unit nos. 11 to
14 are in a row with common wall in between. Three separate valuation reports
are prepared for each of the three units and this reported for Gala No. 12. Address: Gala No. 12,
Ground Floor, Dadoba Compound, Behind Vishal Dyeing Mill, Anjur Phata,
Village Val, Taluka - Bhiwandi, District - Thane. 1) Previous
valuation report dtd. 08.08.2007 when the following documents were made
available a) 2) Property Tax
Bill Receipt No. 774 dtd. 17.01.2011 for Grampanchayat Val in the name of Mr.
Jagdish Sukhraj Jain for House No. 945/2 and Gala No.12. 3) The engineers
visited the property on 11.01.2011 and taken few major photographs as
available to them at the time of visit and are enclosed herewith for the
perusal, verification and records. Brief Description: The industrial
Gala No. 12, Ground Floor, Dadoba Compound situated at above address is about
3 kms. from Bhiwandi railway station. The gala is situated within industrial
area. All civic amenities are nearby and within 3 kms. Auto and buses are
available for transport. The structure is
load bearing wall with AC sheet roof on mild steel truss at height of 18’ to
22ft. The premises is
used for storage of edible oils and ghee. The plot is
leveled. Boundary wall is not provided. Nearest Landmark: Property is bounded by: East: Road South: Unit No.13 North: Unit No.11 West: Godown Amenities of the property: IPS / mosaic
tiles flooring, M.S. Rolling shutter doors, M.S. grilled windows, open
conduit wiring, the wall are given white wash paint. Accommodation: Accommodation
provided is one large area on ground floor used for industrial activity and mezzanine
floor is used as laboratory and stores. The packing work is done on ground
level The structures are used for storage of edible oils and ghee. Areas: As per
measurement the carpet area is 2830 sq. ft. It is stated in previous
report that the area of Gala No. 12 as per sale deed provided then had been
is 2832.5 sq. ft., which is considered for valuation now also. A) Notes and Limitations: 1) The name of
M/s. K.B. Products private Limited and address are displayed on the main
gate. Mr. Bhalchandra Nayak the representative of owner identified the
property to their valuer. No identification mark found at site to their
valuer. 2) The property
tax bill is in the name of Mr. Jagdish Sukhraj Jain whereas the name of the
owner is Mr. Kewalchand Bhaktavarmal Jain. The bank may considered this
difference in name if found necessary. 3) For valuation
they have considered the area given in the previous valuation report. 4) Copy of the
approved plans not given for their verification and the same may be obtained
from the owner. B) Disclaimers and Caveats: 1) The estimated
future life of the building/ structure considered on the basis of data
available from the site enquiries/ information. Maximum age of structure
considered 60 years in case of Greater Mumbai / TMC / NMMC and 50 years in
other places. 2) As an abundant
precaution the bank may consider the obtaining of the CIBIL Report of the
customers before disbursement / enhancement of the loan to safeguard the
interest of the bank from probable loss due to disbursal of loan amount. The
valuers should not be held responsible due to the deviations of the bank for
any reasons. 3) The valuation
is based on their experience and knowledge and this is an opinion only and
does not stand as a guarantee for the value it can fetch if disposed, due to
any emergency, in future. 4) This report
does not certify valid or legal or marketable title of any of the parties
over the property. The report does not cover verification of ownership, title
clearance, or legality and subject to adequacy of engineering / structural
design. 5) Their
valuation is only for the use of the party to whom it is addressed and no
responsibility is accepted to any third party for the whole or any part of
its contents. 6) Encumbrances
of Loan, Government and other dues, stamp duty, registration charges,
transfer charges etc. if any are not considered in the valuation. They have
assumed that the assets are free from encumbrances. 7) The report is
issued at the specific request of the party for specific purpose and the said
report is not valid if the purpose of use and party is different. 8) The value
given in their report is only an opinion on the FMV as on date. If there is
any opinion from others / valuers about increase or decrease in the value of
the assets valued by them, They should not be held responsible as the views
vary from person to person and based on circumstances. The principle of
“Buyers Beware” is applicable in case of any sale/ purchase of assets. 9) This report
should be read along with legal due diligence report. Value assigned herein
is subject to this stipulation. It is presumed that the Xerox of documents
are taken from the originals duly tested and verified at ultra violet lamp
machine (UVL) about veracity. 10) It should be
noted that YPCVL’s value assessments are based upon the facts and evidence
available at the time of assessment. It is therefore recommended that the
value assessments be periodically reviewed |
|
|
|
|
Location, Street, Ward No. |
Gala No.12,
Ground Floor, Dadoba Compound, Behind Vishal Dyeing Mill, Anjur Phata,
Village Val, Taluka - Bhiwandi, District - Thane |
|
|
|
|
Survey / Plot No. of land |
Survey No. 96/6
and 7 of Village Val |
|
|
|
|
Is the property situated at above address is about in residential!
commercial/ mixed/ industrial area? |
Industrial area |
|
|
|
|
Classification of locality- High Class/ Middle Class/ Poor Class. |
Middle Class |
|
|
|
|
Proximity to civic amenities like schools, offices, hospitals, market,
cinemas, Railways etc. |
All civic
amenities are nearby and within 3 km. |
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Railways, Taxi, bus,
auto, private vehicle etc. |
|
|
|
|
Is the property owner occupied, tenant, or both |
Owner occupied,
the bank to get it confirmed |
|
|
|
|
If partly occupied, specify portion and extent of area under owner
occupation. |
Owner occupied, the
bank to get it confirmed |
|
|
|
|
SALES AND MARKETABILITY: |
|
|
Give instances of
sale of immovable property in the locality on a separate sheet, including the
name and address of the property, registration No., sale price and area land
sold. |
Sales instances
are not readily available. As such, local estate agent, builders and other
related agencies were contacted to ascertain fair market value. |
|
|
|
|
Market Rates adopted. |
Prevalent market Rate: Rs.800/- to
Rs.1200/- per sq. ft. Rate adopted for valuation: Rs.1100/- per sq.
ft. Factors considered for valuation: Location and
locality, facilities and amenities, quality of construction, residual life of
building, business potential, supply of demand, local nearby enquiry, market feed
back of investigation. |
|
|
|
|
If sale instances are not available or relied upon, basis of arriving
at the land-rate. |
Enquired with
local Architects and Real estate consultants about the current market rates
in that area and on this basis, property is valued under “Selling Price
Method”. |
PRESENT FAIR MARKET VALUATION:
|
Area |
2832.5 sq. ft |
|
Rate adopted for
valuation |
Rs.1100/- per sq.
ft. |
|
|
|
|
Value |
Rs.3.116 Millions |
DISTRESS
INSURANCE VALUE (STRUCTURES) = RS.1.133
MILLION
TECHNICAL
DETAILS FOR THE PREMISES
|
No. of floors and
height of each floor. |
Ground Floor
Height-20’ |
|
|
|
|
Location and
Plinth Area |
Gala No.12, Ground
Floor Carpet area -
2830 sq. ft. measurement Built up area -
2832.5 sq. ft. |
|
|
|
|
Year of
Construction |
Year- 2001 Age of Building -
10 Years |
|
|
|
|
Estimated future
life |
40 years (Subject
to proper and regular maintenance of the building) |
|
|
|
|
Type of
construction |
Load bearing wall
structure |
|
|
|
|
Type of
foundation |
Load bearing |
|
|
|
|
WALLS |
|
|
a) External walls |
9” thick brick
masonry walls |
|
b) Partitions |
4’/2” thick brick
masonry walls |
|
|
|
|
Door and Windows
(floor-wise) |
M.S. Rolling
shutter door, M.S. grilled windows |
|
|
|
|
Flooring
(floor-wise) |
IPS /Mosaic tiles
flooring |
|
|
|
|
Finishing and
Maintenance |
|
|
|
|
|
Roofing and terracing. |
AC sheet roof |
|
|
|
|
|
|
|
Special
architectural or decorative features. |
|
|
a) Internal
wiring- surface or conduit. |
Open conduit
wiring |
|
b) Class of
fittings superior/ ordinary/ poor. |
Ordinary |
|
|
|
|
a) Sanitary
installations. |
Common Facility |
|
b) Class of
fittings superior colored/ Superior white/ ordinary |
Ordinary |
|
|
|
|
Overhead Tank |
|
|
Where Located |
On Loft |
|
Capacity |
Sufficient as per
requirement |
|
Type of
construction |
Sintex |
|
|
|
|
Pumps Nos. and
their Horsepower |
1 Pump |
|
|
|
|
Roads and Paving
within the compound, approx area |
Earthen Road |
|
|
|
|
Sewage disposal/
whether connected to Public sewers. If septic tanks provided, no and capacity
|
Connected to
septic tank |
|
|
|
|
Regards to
Aesthetics and environment |
Ok |
|
|
|
|
Safety
considerations Fires, earthquakes and tides. |
Ok as per
Grampanchayat norms. |
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
PART - 1
GENERAL INFORMATION
|
Ref. No. |
YPCVL/ 6909/
Corp./ 2010-11 |
|
|
|
|
a) Purpose for which valuation made |
To ascertain
present FMV for Corporation Bank, Mandvi |
|
b) Fresh Valuation / Revaluation |
Revaluation for
YPCVL |
|
|
|
|
Visit Date on which valuation made |
11.01.2011 |
|
|
|
|
Name of the Owner / Seller / Purchaser |
Mr. Jagdish
Sukhraj Jain |
|
|
|
|
If the property is under joint ownership/ share of each owner. Is the
share undivided? |
Single Ownership |
|
|
|
|
Brief description of property |
Unit nos. 11 to 14
are in a row with common wall in between. Three separate valuation reports
are prepared for each of the three units and this reported for Gala No. 13. Address: Gala No. 13,
Ground Floor, Dadoba Compound, Behind Vishal Dyeing Mill, Anjur Phata,
Village Val, Taluka - Bhiwandi, District - Thane. 1) Previous
valuation report dtd. 08.08.2007 when the following documents were made
available a) 2) Property Tax
Bill Receipt No. 775 dtd. 17.01.2011 for Grampanchayat Val in the name of Mr.
Jagdish Sukhraj Jain for House No. 946/1 and Gala No.13. 3) The engineers
visited the property on 11.01.2011 and taken few major photographs as
available to them at the time of visit and are enclosed herewith for the perusal,
verification and records. Brief Description: The industrial
Gala No. 13, Ground Floor, Dadoba Compound situated at above address is about
3 kms. from Bhiwandi railway station. The gala is situated within industrial
area. All civic amenities are nearby and within 3 kms. Auto and buses are
available for transport. The structure is
load bearing wall with AC sheet roof on mild steel truss at height of 18’ to
22ft. The premises is
used for storage of edible oils and ghee. The plot is
leveled. Boundary wall is not provided. Nearest Landmark: Property is bounded by: East: Road South: Unit No.14 North: Unit No.12 West: Godown Amenities of the property: IPS / mosaic tiles
flooring, M.S. Rolling shutter doors, M.S. grilled windows, open conduit
wiring, the wall are given white wash paint. Accommodation: Accommodation
provided is one large area on ground floor used for industrial activity. The
packing work is done on ground level. The structures are used for storage of
edible oils and ghee. Areas: As per
measurement the carpet area is 2830 sq. ft. It is stated in
previous report that the area of Gala No. 13 as per sale deed provided then had
been is 2832.5 sq. ft., which is considered for valuation now also. A) Notes and Limitations: 1) The name of
M/s. K.B. Products private Limited and address are displayed on the main
gate. Mr. Bhalchandra Nayak the representative of owner identified the
property to their valuer. No identification mark found at site to their
valuer. 2) For valuation
they have considered the area given in the previous valuation report. 3) Copy of the
approved plans not given for their verification and the same may be obtained
from the owner. B) Disclaimers and Caveats: 1) The valuation
is based on their experience and knowledge and this is an opinion only and
does not stand as a guarantee for the value it can fetch if disposed, due to
any emergency, in future. 2) The estimated
future life of the building/ structure considered on the basis of data
available from the site enquiries/ information. Maximum age of structure
considered 60 years in case of Greater Mumbai / TMC / NMMC and 50 years in
other places. 3) As an abundant
precaution the bank may consider the obtaining of the CIBIL Report of the
customers before disbursement / enhancement of the loan to safeguard the
interest of the bank from probable loss due to disbursal of loan amount. The
valuers should not be held responsible due to the deviations of the bank for
any reasons. 4) This report
does not certify valid or legal or marketable title of any of the parties
over the property. The report does not cover verification of ownership, title
clearance, or legality and subject to adequacy of engineering / structural
design. 5) Their
valuation is only for the use of the party to whom it is addressed and no
responsibility is accepted to any third party for the whole or any part of
its contents. 6) Encumbrances
of Loan, Government and other dues, stamp duty, registration charges,
transfer charges etc. if any are not considered in the valuation. They have
assumed that the assets are free from encumbrances. 7) The report is
issued at the specific request of the party for specific purpose and the said
report is not valid if the purpose of use and party is different. 8) The value
given in their report is only an opinion on the FMV as on date. If there is
any opinion from others / valuers about increase or decrease in the value of
the assets valued by them, They should not be held responsible as the views
vary from person to person and based on circumstances. The principle of
“Buyers Beware” is applicable in case of any sale/ purchase of assets. 9) This report
should be read along with legal due diligence report. Value assigned herein
is subject to this stipulation. It is presumed that the Xerox of documents
are taken from the originals duly tested and verified at ultra violet lamp
machine (UVL) about veracity. 10) It should be
noted that YPCVL’s value assessments are based upon the facts and evidence
available at the time of assessment. It is therefore recommended that the
value assessments be periodically reviewed |
|
|
|
|
Location, Street, Ward No. |
Gala No.13,
Ground Floor, Dadoba Compound, Behind Vishal Dyeing Mill, Anjur Phata,
Village Val, Taluka - Bhiwandi, District - Thane |
|
|
|
|
Survey / Plot No. of land |
Survey No. 96/6
and 7 of Village Val |
|
|
|
|
Is the property situated at above address is about in residential!
commercial/ mixed/ industrial area? |
Industrial area |
|
|
|
|
Classification of locality- High Class/ Middle Class/ Poor Class. |
Middle Class |
|
|
|
|
Proximity to civic amenities like schools, offices, hospitals, market,
cinemas, Railways etc. |
All civic
amenities are nearby and within 3 km. |
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Railways, Taxi, bus,
auto, private vehicle etc. |
|
|
|
|
Is the property owner occupied, tenant, or both |
Owner occupied,
the bank to get it confirmed |
|
|
|
|
If partly occupied, specify portion and extent of area under owner
occupation. |
Owner occupied, the
bank to get it confirmed |
|
|
|
|
SALES AND MARKETABILITY: |
|
|
Give instances of
sale of immovable property in the locality on a separate sheet, including the
name and address of the property, registration No., sale price and area land
sold. |
Sales instances
are not readily available. As such, local estate agent, builders and other
related agencies were contacted to ascertain fair market value. |
|
|
|
|
Market Rates adopted. |
Prevalent market Rate: Rs.800/- to
Rs.1200/- per sq. ft. Rate adopted for valuation: Rs.1100/- per sq.
ft. Factors considered for valuation: Location and
locality, facilities and amenities, quality of construction, residual life of
building, business potential, supply of demand, local nearby enquiry, market
feed back of investigation. |
|
|
|
|
If sale instances are not available or relied upon, basis of arriving
at the land-rate. |
Enquired with
local Architects and Real estate consultants about the current market rates in
that area and on this basis, property is valued under “Selling Price Method”. |
PRESENT FAIR MARKET VALUATION:
|
Area |
2832.5 sq. ft |
|
Rate adopted for
valuation |
Rs.1100/- per sq.
ft. |
|
|
|
|
Value |
Rs.3.116 Millions |
DISTRESS
INSURANCE VALUE (STRUCTURES) = RS.1.133
MILLION
TECHNICAL
DETAILS FOR THE PREMISES
|
No. of floors and
height of each floor. |
Ground Floor
Height-20’ |
|
|
|
|
Location and Plinth
Area |
Gala No.13,
Ground Floor Carpet area -
2830 sq. ft. measurement Built up area -
2832.5 sq. ft. |
|
|
|
|
Year of
Construction |
Year- 2001 Age of Building -
10 Years |
|
|
|
|
Estimated future
life |
40 years (Subject
to proper and regular maintenance of the building) |
|
|
|
|
Type of
construction |
Load bearing wall
structure |
|
|
|
|
Type of
foundation |
Load bearing |
|
|
|
|
WALLS |
|
|
a) External walls |
9” thick brick
masonry walls |
|
b) Partitions |
4’/2” thick brick
masonry walls |
|
|
|
|
Door and Windows
(floor-wise) |
M.S. Rolling
shutter door, M.S. grilled windows |
|
|
|
|
Flooring
(floor-wise) |
IPS /Mosaic tiles
flooring |
|
|
|
|
Finishing and
Maintenance |
|
|
|
|
|
Roofing and terracing. |
AC sheet roof |
|
|
|
|
|
|
|
Special
architectural or decorative features. |
|
|
a) Internal
wiring- surface or conduit. |
Open conduit
wiring |
|
b) Class of
fittings superior/ ordinary/ poor. |
Ordinary |
|
|
|
|
a) Sanitary
installations. |
Common Facility |
|
b) Class of
fittings superior colored/ Superior white/ ordinary |
Ordinary |
|
|
|
|
Overhead Tank |
|
|
Where Located |
On Loft |
|
Capacity |
Sufficient as per
requirement |
|
Type of
construction |
Sintex |
|
|
|
|
Pumps Nos. and
their Horsepower |
1 Pump |
|
|
|
|
Roads and Paving
within the compound, approx area |
Earthen Road |
|
|
|
|
Sewage disposal/
whether connected to Public sewers. If septic tanks provided, no and capacity
|
Connected to
septic tank |
|
|
|
|
Regards to
Aesthetics and environment |
Ok |
|
|
|
|
Safety
considerations Fires, earthquakes and tides. |
Ok as per
Grampanchayat norms. |
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
PART - 1
GENERAL INFORMATION
|
Ref. No. |
YPCVL/ 6910/
Corp./ 2010-11 |
|
|
|
|
a) Purpose for which valuation made |
To ascertain
present FMV for Corporation Bank, Mandvi |
|
b) Fresh Valuation / Revaluation |
Revaluation for
YPCVL |
|
|
|
|
Visit Date on which valuation made |
11.01.2011 |
|
|
|
|
Name of the Owner / Seller / Purchaser |
Mr. Jagdish
Sukhraj Jain |
|
|
|
|
If the property is under joint ownership/ share of each owner. Is the
share undivided? |
Single Ownership |
|
|
|
|
Brief description of property |
Unit nos. 11 to 14
are in a row with common wall in between. Three separate valuation reports
are prepared for each of the three units and this reported for Gala No. 14. Address: Gala No. 14,
Ground Floor, Dadoba Compound, Behind Vishal Dyeing Mill, Anjur Phata,
Village Val, Taluka - Bhiwandi, District - Thane. Brief Description: The industrial
Gala No. 14, Ground Floor, Dadoba Compound situated at above address is about
3 kms. from Bhiwandi railway station. The gala is situated within industrial area.
All civic amenities are nearby and within 3 kms. Auto and buses are available
for transport. The structure is
load bearing wall with AC sheet roof on mild steel truss at height of 18’ to
22ft. The premises is used
for storage of edible oils and ghee. The plot is
leveled. Boundary wall is not provided. Nearest Landmark: Property is bounded by: East: Road South: Unit No.15 North: Unit No.13 West: Godown Amenities of the property: IPS / mosaic
tiles flooring, M.S. Rolling shutter doors, M.S. grilled windows, open
conduit wiring, the wall are given white wash paint. Accommodation: Accommodation
provided is one large area on ground floor used for industrial activity. The
packing work is done on ground level. The structures are used for storage of
edible oils and ghee. Areas: As per
measurement the carpet area is 2830 sq. ft. It is stated in
previous report that the area of Gala No. 14 as per sale deed provided then
had been is 2832.5 sq. ft., which is considered for valuation now also. A) Notes and Limitations: 1) The name of
M/s. K.B. Products private Limited and address are displayed on the main
gate. Mr. Bhalchandra Nayak the representative of owner identified the property
to their valuer. No identification mark found at site to their valuer. 2) For valuation
they have considered the area given in the previous valuation report. 3) Copy of the approved
plans not given for their verification and the same may be obtained from the
owner. B) Disclaimers and Caveats: 1) The estimated
future life of the building/ structure considered on the basis of data
available from the site enquiries/ information. Maximum age of structure
considered 60 years in case of Greater Mumbai / TMC / NMMC and 50 years in
other places. 2) As an abundant
precaution the bank may consider the obtaining of the CIBIL Report of the
customers before disbursement / enhancement of the loan to safeguard the
interest of the bank from probable loss due to disbursal of loan amount. The
valuers should not be held responsible due to the deviations of the bank for
any reasons. 3) The valuation
is based on their experience and knowledge and this is an opinion only and
does not stand as a guarantee for the value it can fetch if disposed, due to
any emergency, in future. 4) This report
does not certify valid or legal or marketable title of any of the parties
over the property. The report does not cover verification of ownership, title
clearance, or legality and subject to adequacy of engineering / structural
design. 5) Their
valuation is only for the use of the party to whom it is addressed and no
responsibility is accepted to any third party for the whole or any part of
its contents. 6) Encumbrances
of Loan, Government and other dues, stamp duty, registration charges,
transfer charges etc. if any are not considered in the valuation. They have
assumed that the assets are free from encumbrances. 7) The report is
issued at the specific request of the party for specific purpose and the said
report is not valid if the purpose of use and party is different. 8) The value
given in their report is only an opinion on the FMV as on date. If there is
any opinion from others / valuers about increase or decrease in the value of
the assets valued by them, They should not be held responsible as the views
vary from person to person and based on circumstances. The principle of
“Buyers Beware” is applicable in case of any sale/ purchase of assets. 9) This report
should be read along with legal due diligence report. Value assigned herein
is subject to this stipulation. It is presumed that the Xerox of documents
are taken from the originals duly tested and verified at ultra violet lamp
machine (UVL) about veracity. 10) It should be
noted that YPCVL’s value assessments are based upon the facts and evidence
available at the time of assessment. It is therefore recommended that the
value assessments be periodically reviewed |
|
|
|
|
Location, Street, Ward No. |
Gala No.14,
Ground Floor, Dadoba Compound, Behind Vishal Dyeing Mill, Anjur Phata,
Village Val, Taluka - Bhiwandi, District - Thane |
|
|
|
|
Survey / Plot No. of land |
Survey No. 96/6
and 7 of Village Val |
|
|
|
|
Is the property situated at above address is about in residential!
commercial/ mixed/ industrial area? |
Industrial area |
|
|
|
|
Classification of locality- High Class/ Middle Class/ Poor Class. |
Middle Class |
|
|
|
|
Proximity to civic amenities like schools, offices, hospitals, market,
cinemas, Railways etc. |
All civic
amenities are nearby and within 3 km. |
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Railways, Taxi, bus,
auto, private vehicle etc. |
|
|
|
|
Is the property owner occupied, tenant, or both |
Owner occupied,
the bank to get it confirmed |
|
|
|
|
If partly occupied, specify portion and extent of area under owner
occupation. |
Owner occupied,
the bank to get it confirmed |
|
|
|
|
SALES AND MARKETABILITY: |
|
|
Give instances of
sale of immovable property in the locality on a separate sheet, including the
name and address of the property, registration No., sale price and area land
sold. |
Sales instances
are not readily available. As such, local estate agent, builders and other
related agencies were contacted to ascertain fair market value. |
|
|
|
|
Market Rates adopted. |
Prevalent market Rate: Rs.800/- to
Rs.1200/- per sq. ft. Rate adopted for valuation: Rs.1100/- per sq.
ft. Factors considered for valuation: Location and
locality, facilities and amenities, quality of construction, residual life of
building, business potential, supply of demand, local nearby enquiry, market
feed back of investigation. |
|
|
|
|
If sale instances are not available or relied upon, basis of arriving
at the land-rate. |
Enquired with
local Architects and Real estate consultants about the current market rates
in that area and on this basis, property is valued under “Selling Price
Method”. |
PRESENT FAIR MARKET VALUATION:
|
Area |
2832.5 sq. ft |
|
Rate adopted for
valuation |
Rs.1100/- per sq.
ft. |
|
|
|
|
Value |
Rs.3.116 Millions |
DISTRESS
INSURANCE VALUE (STRUCTURES) = RS.1.133
MILLION
TECHNICAL
DETAILS FOR THE PREMISES
|
No. of floors and
height of each floor. |
Ground Floor
Height-20’ |
|
|
|
|
Location and
Plinth Area |
Gala No.14,
Ground Floor Carpet area -
2830 sq. ft. measurement Built up area -
2832.5 sq. ft. |
|
|
|
|
Year of
Construction |
Year- 2001 Age of Building -
10 Years |
|
|
|
|
Estimated future
life |
40 years (Subject
to proper and regular maintenance of the building) |
|
|
|
|
Type of
construction |
Load bearing wall
structure |
|
|
|
|
Type of
foundation |
Load bearing |
|
|
|
|
WALLS |
|
|
a) External walls |
9” thick brick
masonry walls |
|
b) Partitions |
4’/2” thick brick
masonry walls |
|
|
|
|
Door and Windows (floor-wise) |
M.S. Rolling
shutter door, M.S. grilled windows |
|
|
|
|
Flooring
(floor-wise) |
IPS /Mosaic tiles
flooring |
|
|
|
|
Finishing and
Maintenance |
|
|
|
|
|
Roofing and
terracing. |
AC sheet roof |
|
|
|
|
|
|
|
Special architectural
or decorative features. |
|
|
a) Internal
wiring- surface or conduit. |
Open conduit
wiring |
|
b) Class of
fittings superior/ ordinary/ poor. |
Ordinary |
|
|
|
|
a) Sanitary
installations. |
Common Facility |
|
b) Class of fittings
superior colored/ Superior white/ ordinary |
Ordinary |
|
|
|
|
Overhead Tank |
|
|
Where Located |
On Loft |
|
Capacity |
Sufficient as per
requirement |
|
Type of
construction |
Sintex |
|
|
|
|
Pumps Nos. and
their Horsepower |
1 Pump |
|
|
|
|
Roads and Paving
within the compound, approx area |
Earthen Road |
|
|
|
|
Sewage disposal/
whether connected to Public sewers. If septic tanks provided, no and capacity
|
Connected to
septic tank |
|
|
|
|
Regards to
Aesthetics and environment |
Ok |
|
|
|
|
Safety
considerations Fires, earthquakes and tides. |
Ok as per
Grampanchayat norms. |
------------------------------------------------------------------------------------------------------------------------------
FORM
8:
|
Corporate
identity number of the company |
U51909MH2007PTC169627 |
|
Name of the
company |
K B Products
Private Limited |
|
Address of the
registered office or of the principal place of business in |
Dadoba Compound,
Opposite Vishal Dyeing Mill, Val Village, Near Anjur Fata, Tal Bhiwandi,
Thane – 400601, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Movable property (not being pledge) Book Debts Other: Current and Fixed Assets |
|
Particular of
charge holder |
Corporation Bank Mandvi Branch, |
|
Nature of
instrument creating charge |
Supplemental Common
Deed of Hypothecation of Movables/ Assets/ Debts. |
|
Date of
instrument Creating the charge |
07.01.2010 |
|
Amount secured by
the charge |
Rs.25.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
interests: As stipulated by
bank from time to time. Terms of
Repayment: As stipulated by
bank from time to time. Margin: As stipulated by
bank from time to time. Extent and
Operation of the charge: First Charge
(Present and Future) = Cash Credit = Rs.25.000 Millions Others: As stipulated by
bank from time to time and as per agreement attached and as per sanction
letter of the bank |
|
Particulars of
the property charged |
First Charge
(Present and Future)- (1) Hypothecation
of Stocks, Raw Materials and Finished Goods of the company stored at various
godowns/ places. (2) Hypothecation
of all Book Debts and Receivables (3) Hypothecation
of plant and machinery and entire movables assets of the company. (4) Hypothecation
of all Current/ Movable/ Fixed Assets of the company. |
|
Particulars of
the present modification |
By this
modification limit enhanced to Rs.25.000 Millions (Cash Credit Limit),
securities are continued as given by original charge as well as by
modifications, terms and conditions as per agreement and as per sanction
letter of the bank. |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
·
Building
·
Plant and Machinery
·
Furniture and Fittings
------------------------------------------------------------------------------------------------------------------------------
WEBSITE DETAILS:
Subject began its unending pursuit of quality in the year 1978 in the
dairy industry. It is driven by the vision and dynamism of Founder Mr.
Kewalchand B. Jain and Co-founder Jagadish S. Jain. Company enjoys thorough
market experience of various businesses for over 3 decades. Company is
continuously putting efforts to find new ways to improve and deliver better
than the ever before.
MILESTONES
ACHIEVED
The 60's
Late. Mr. Bhaktawarmalji H. Jain lost parental support in his infancy.
With heart full of grieve and mind with vision he did not give and chose
Mumbai, the city of opportunities for his dream. He began with a shop at
Early 70's
His elder son Mr. Jayantilal B. Jain joined the business after his
schooling. His father never wanted him to join grocery business. So he again
diversified choosing money exchange business, which was very famous during that
time. He started money exchange business at Masjid Bunder under the banner of
M/S. Chunilal and company.
Late 70's
During this time Bhaktawarmalji's younger son, Mr. Kewalchand B. Jain,
joined the business. Again his father wanted him to think bigger and bigger, so
we diversified into trading of pure ghee and skimmed milk powder at the same
place under the flag ship of M/s. Kewalchand Vinodkumar. At the same time, the
operations at
1979:
When Bhaktawarmalji youngest son, Mr. Jagadish S. Jain joined the
business at this time, he took the initiative and closed down the operations of
grocery shop and bakery. He diversified into agency and distributorship and
C&F'S under the banner M/s. H. B. Jain. He got success in getting the agencies
of many multinationals like Godrej, Colgate-Palmolive, Zandu Pharmaceuticals,
Kamani Oil Mills, Kohinoor Basmati, and many more companies.
80's
They continued with trading and distributorship till now, but again we thought
of expansion. They diversified into the manufacturing and packing of Skimmed
Milk Powder and Pure Ghee under the brand name of Nakoda. Again the operations
were very limited. The market share was small. The brand Nakoda grew, but at
slow pace.
THE NEW MILLENNIUM
As the business was growing, Manufacturing and packing were started on a
large scale. Marketing was started. Market horizon was widened.
'02
New Factory was set up in Bhiwandi. The Factory included manufacturing
unit, packaging unit and warehouses.
'03
The 3rd generation of the family joined the business. He was
Kewalchandji's elder son- Mr. Ravikumar Jain. He completed his post graduation
from NMIMS. He was trained by Mr. Rajesh Jain (G.M.) and Mr. Bhalchandra Naik
(C.A.) for 7 yrs before joining the business.
'07
The company turned Private Limited and was renamed as company. All the
products were manufactured by their company were registered under AGMARK
(Agricultural Marketing). These changes were brought in after the tremendous
efforts put in by Mr. Ravikumar Jain.
'08
The products became familiar across the whole country. They expanded the
business in the regions of Maharashtra, Gujarat, Rajasthan, Goa, Andhra
Pradesh,
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.44.38 |
|
|
1 |
Rs.73.87 |
|
Euro |
1 |
Rs.65.83 |
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.