MIRA
INFORM REPORT
|
Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEN FUTURE EDUCATIONAL SOCIETY |
|
|
|
|
Registered
Office : |
Near Plot No.587, Sector – 27, Gurgaon, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
31.10.2002 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
NIL |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABAG1400E |
|
|
|
|
Legal Form : |
Educational Society. |
|
|
|
|
Line of Business
: |
Running of Educational Society. |
|
|
|
|
No. of Employees
: |
54 (Approximately) |
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 : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established education society having satisfactory track.
Trade relations are reported as fair, The valuation report and networth
statement provided seems to be satisfactory. Payment terms are unknown. However, it would be take advisable 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. Virender Yadav |
|
Designation : |
President |
|
Contact No.: |
91-9810030094 |
|
Date : |
11.08.2011 |
LOCATIONS
|
Registered Office : |
Near Plot No.587, Sector – 27, Gurgaon, Haryana, India |
|
Mobile No.: |
91-9810030094 (Mr. Virender Yadav) |
|
Area : |
12196 sq. ft. |
|
Location : |
Owned |
MANAGEMENT
|
Name : |
Mr. Virender Yadav |
|
Designation : |
Member |
|
Address : |
1323, Sector 10-A, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
15.08.1968 |
|
|
|
|
Name : |
Mr. Surender Yadav |
|
Designation : |
Member |
|
Address : |
Village – Mubarakpur, PO – Sultanpur, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
22.06.1965 |
|
|
|
|
Name : |
Mr. Santosh Yadav |
|
Designation : |
Member |
|
Address : |
1323, Sector 10-A, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
11.03.1973 |
|
|
|
|
Name : |
Mr. Dheeraj Yadav |
|
Designation : |
Member |
|
Address : |
419/22, Street No.15, Shivji Park, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
14.06.1987 |
|
|
|
|
Name : |
Mr. Parveen Yadav |
|
Designation : |
Member |
|
Address : |
B-132, Parshant Vihar, Delhi, India |
|
Date of Birth/Age : |
30.10.1960 |
|
|
|
|
Name : |
Mr. Ramesh Sachdeva |
|
Designation : |
Member |
|
Address : |
360, Sector -10-A, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
23.07.1971 |
|
|
|
|
Name : |
Mr. S. Parshad Tiwari |
|
Designation : |
Member |
|
Address : |
345/2/18, Hira Nagar, GGN |
|
Date of Birth/Age : |
02.06.1974 |
|
|
|
|
Name : |
Mr. Krishan Kumar |
|
Designation : |
Member |
|
Address : |
207/16, Nai Basti, GGN |
|
Date of Birth/Age : |
04.04.1963 |
KEY EXECUTIVES
|
Name : |
Mr. Virender Yadav |
|
Designation : |
President |
|
|
|
|
Name : |
Mr. K. K. Munjal |
|
Designation : |
President |
|
Address : |
207/16, Nai Basti, Gurgaon, Haryana, India |
|
Qualification : |
Advocate/ B.A., L.L.B. |
|
Date of Birth/Age : |
39 years |
|
|
|
|
Name : |
Mrs. Anita Mutreja |
|
Designation : |
Vice-President |
|
Address : |
H. No.1602, Sector -4, Gurgaon, Haryana, India |
|
Qualification : |
B. Com, BE |
|
Date of Birth/Age : |
32 years |
|
|
|
|
Name : |
Mr. Hemant Kumar |
|
Designation : |
Secretary |
|
Address : |
H. No.1602/4, U. E., Gurgaon, Haryana, India |
|
Qualification : |
Civil Engineer Graduation |
|
Date of Birth/Age : |
28 years |
|
|
|
|
Name : |
Mr. Robin Sethi |
|
Designation : |
Treasurer |
|
Address : |
H. No.497/7, U.E., Gurgaon, Haryana, India |
|
Qualification : |
Mech. Engineer |
|
Date of Birth/Age : |
23 years |
|
|
|
|
Name : |
Mr. Arun Changrani |
|
Designation : |
Joint Treasurer |
|
Address : |
725, B and C, Staff Quarters, JNU, New Delhi, India |
|
Qualification : |
Diploma in Secretarial Practices |
|
Date of Birth/Age : |
20 years |
|
|
|
|
Name : |
Mrs. Sunita Sethi |
|
Designation : |
Executive Member |
|
Address : |
H. No. 415/4, Model Town, Gurgaon, Haryana, India |
|
Qualification : |
B.A., B. Ed. |
|
Date of Birth/Age : |
32 years |
|
|
|
|
Name : |
Mrs. Anamika |
|
Designation : |
Executive Member |
|
Address : |
H. No.1602/4, U. E., Gurgaon, Haryana, India |
|
Qualification : |
B. Sc. |
|
Date of Birth/Age : |
27 years |
|
|
|
|
Name : |
Mrs. Jyoti Mutreja |
|
Designation : |
Executive Member |
|
Address : |
H. No. 1602/4, U.E., Gurgaon, Haryana, India |
|
Qualification : |
M.A., M. Lib. |
|
Date of Birth/Age : |
24 years |
BUSINESS DETAILS
|
Line of Business : |
Running of Educational Society. |
GENERAL INFORMATION
|
No. of Employees : |
54 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank Sector – 23A, SCO -48, Palam Vihar Road, Gurgaon, Haryana, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. Sardana and Company Chartered Accountant |
|
Address : |
325-326, Aap Ka Bazar, Gurgaon – 122001, Haryana, India |
|
Tel. No.: |
91-124-2328580 |
|
Email : |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
NIL |
|
Borrowed : |
-- |
|
Total : |
NIL |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.000 |
0.000 |
0.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.678 |
9.683 |
9.687 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
9.678 |
9.683 |
9.687 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.500 |
0.500 |
1.000 |
|
|
TOTAL BORROWING |
0.500 |
0.500 |
1.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10.178 |
10.183 |
10.687 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.157 |
9.933 |
9.933 |
|
|
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 |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
2.021
|
0.250 |
0.754 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
2.021
|
0.250 |
0.754 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.000
|
0.000
|
0.000 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
|
Total
Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Net Current Assets |
2.021
|
0.250 |
0.754 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
10.178 |
10.183 |
10.687 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Donation Received) |
0.000 |
0.000 |
5.561 |
|
|
|
TOTAL |
0.000 |
0.000 |
5.561 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Bank Charges |
0.001 |
0.003 |
0.002 |
|
|
|
Printing and Stationery |
0.003 |
0.002 |
0.000 |
|
|
|
TOTAL |
0.004 |
0.005 |
0.002 |
|
|
|
|
|
|
|
|
|
INCOME AND EXPENDITURE
ACCOUNT |
(0.004) |
(0.005) |
5.559 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.00
|
0.00 |
99.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.04)
|
(0.005) |
52.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.05
|
0.05 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.00
|
0.00 |
0.00 |
LOCAL AGENCY FURTHER INFORMATION
COST OF PROJECT
|
Particulars |
(Rs. In Millions) |
|
|
|
|
Building |
51.176 |
|
Computers |
6.478 |
|
Furnitures |
11.908 |
|
Other Fixed Assets |
20.438 |
|
|
|
|
TOTAL |
90.000 |
MEANS OF FINANCE
|
Particulars |
(Rs. In Millions) |
|
|
|
|
Internal Accured |
6.000 |
|
Unsecured Loans |
16.500 |
|
Secured Loans from Bank |
67.500 |
|
|
|
|
TOTAL |
90.000 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS.
IN MILLIONS)
|
LIABILITIES |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
|
|
|
|
|
|
|
Income Over Expenditure |
|
|
|
|
|
|
|
Opening Balance |
1.523 |
5.767 |
2.230 |
2.576 |
8.071 |
18.565 |
|
Income Over Expenditure |
4.244 |
(3.537) |
0.346 |
5.494 |
10.494 |
13.462 |
|
|
5.767 |
2.230 |
2.576 |
8.071 |
18.565 |
32.027 |
|
|
|
|
|
|
|
|
|
General Reserve |
8.156 |
8.156 |
8.156 |
8.156 |
8.156 |
8.156 |
|
|
|
|
|
|
|
|
|
Unsecured Loans |
17.000 |
17.000 |
17.000 |
15.000 |
12.500 |
9.500 |
|
|
|
|
|
|
|
|
|
Secured Loans – Building |
67.500 |
57.857 |
48.214 |
38.571 |
28.929 |
19.286 |
|
|
|
|
|
|
|
|
|
Current Liabilities |
0.000 |
6.000 |
6.600 |
7.000 |
7.000 |
7.000 |
|
|
|
|
|
|
|
|
|
Total |
98.423 |
91.243 |
82.547 |
76.798 |
75.149 |
75.969 |
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
98.157 |
84.896 |
75.058 |
68.311 |
62.841 |
58.238 |
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.266 |
6.347 |
7.489 |
8.487 |
12.308 |
17.731 |
|
|
|
|
|
|
|
|
|
Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Total |
98.423 |
91.243 |
82.547 |
76.798 |
75.149 |
75.969 |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
|
|
|
|
|
|
|
SOURCES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term Loan |
67.500 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
16.500 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Cash Profit |
4.244 |
9.724 |
10.185 |
14.241 |
18.264 |
20.765 |
|
Current Liabilities (Caution Money) |
0.000 |
6.000 |
0.600 |
0.400 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Total |
88.244 |
15.724 |
10.785 |
14.641 |
18.264 |
20.765 |
|
|
|
|
|
|
|
|
|
APPLICATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
90.000 |
0.000 |
0.000 |
2.000 |
2.300 |
2.700 |
|
|
|
|
|
|
|
|
|
Repayment of |
|
|
|
|
|
|
|
- Secured Loans |
0.000 |
9.643 |
9.643 |
9.643 |
9.643 |
9.643 |
|
- Unsecured Loans |
0.000 |
0.000 |
0.000 |
2.000 |
2.500 |
3.000 |
|
|
|
|
|
|
|
|
|
Total |
90.000 |
9.643 |
9.643 |
13.643 |
14.443 |
15.343 |
|
|
|
|
|
|
|
|
|
CASH AND BANK BALANCE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening Balance |
2.022 |
0.266 |
6.347 |
7.489 |
8.487 |
12.308 |
|
|
|
|
|
|
|
|
|
Surplus |
(1.756) |
6.081 |
1.142 |
0.998 |
3.821 |
5.423 |
|
|
|
|
|
|
|
|
|
Closing Balance |
0.266 |
6.347 |
7.489 |
8.487 |
12.308 |
17.731 |
------------------------------------------------------------------------------------------------------------------------------
PROFITABILITY STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
|
|
|
|
|
|
|
Nos. of Students
|
|
|
|
|
|
|
|
New Admission |
0.000 |
300 |
150 |
150 |
150 |
150 |
|
Old Admission |
0.000 |
0 |
180 |
200 |
200 |
200 |
|
Admission Fee p.a. |
0.000 |
30000 |
35000 |
40000 |
50000 |
50000 |
|
Tution Fee p.a. |
0.000 |
60000 |
66000 |
72000 |
80000 |
88000 |
|
|
|
|
|
|
|
|
|
Receipts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fee and Other Income |
0.000 |
27.000 |
27.030 |
31.200 |
35.500 |
38.300 |
|
Donation |
9.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Total (A) |
9.000 |
27.000 |
27.030 |
31.200 |
35.500 |
38.300 |
|
|
|
|
|
|
|
|
|
Expenditures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Salary and Staff Benefits |
0.000 |
5.789 |
6.657 |
7.656 |
8.804 |
10.125 |
|
Administrative Expenses |
0.200 |
2.700 |
2.703 |
3.120 |
3.550 |
3.830 |
|
Depreciation |
0.000 |
13.261 |
9.838 |
8.747 |
7.770 |
7.303 |
|
Financial Charges |
4.556 |
8.787 |
7.485 |
6.183 |
4.882 |
3.580 |
|
|
|
|
|
|
|
|
|
Total (B) |
4.756 |
30.537 |
26.684 |
25.706 |
25.006 |
24.838 |
|
|
|
|
|
|
|
|
|
Operating Profit (C) |
4.244 |
(3.537) |
0.346 |
5.494 |
10.494 |
13.462 |
|
|
|
|
|
|
|
|
|
Income Tax (D) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Net Profit (E) |
4.244 |
(3.537) |
0.346 |
5.494 |
10.494 |
13.462 |
|
|
|
|
|
|
|
|
|
Cash Profit (F) |
4.244 |
9.724 |
10.185 |
14.241 |
18.264 |
20.765 |
------------------------------------------------------------------------------------------------------------------------------
DEBT SERVICE COVERAGE RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
|
|
|
|
|
|
|
FOR THE PROJECTS
|
|
|
|
|
|
|
|
DEBT |
|
|
|
|
|
|
|
- Building Loan |
67.500 |
57.857 |
48.214 |
38.571 |
28.929 |
19.286 |
|
- Land Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Total |
67.500 |
57.857 |
48.214 |
38.571 |
28.929 |
19.286 |
|
|
|
|
|
|
|
|
|
DEBT SERVICES COVERAGE RATIO (DSCR) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Cash
Inflow |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Income Over Expenditures |
5.767 |
2.230 |
2.576 |
8.071 |
18.565 |
32.027 |
|
- Interests on Loans |
4.556 |
8.787 |
7.485 |
6.183 |
4.882 |
3.580 |
|
- Depreciation |
0.000 |
13.261 |
9.838 |
8.747 |
7.770 |
7.303 |
|
Total |
10.323 |
24.278 |
19.900 |
23.001 |
31.217 |
42.910 |
|
|
|
|
|
|
|
|
|
Total Repayment
of Long Term Liability |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Interests on Loans |
4.556 |
8.787 |
7.485 |
6.183 |
4.882 |
3.580 |
|
- Principal repayments |
0.000 |
9.643 |
9.643 |
9.643 |
9.643 |
9.643 |
|
- Unsecured loan Repayments |
0.000 |
0.000 |
0.000 |
2.000 |
2.500 |
3.000 |
|
Total |
4.556 |
18.430 |
17.128 |
15.826 |
14.525 |
13.223 |
|
|
|
|
|
|
|
|
|
DEBT Service Coverage Ratio |
2.27 |
1.32 |
1.16 |
1.45 |
2.15 |
3.25 |
|
DEBT Service
Coverage Ratio (Average) |
1.93 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INTEREST
SERVICES COVERAGE RATIO (ISCR) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Cash
Inflow |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-
Income Over Expenditure |
5.767 |
2.230 |
2.576 |
8.071 |
18.565 |
32.027 |
|
- Interests on Loans |
4.556 |
8.787 |
7.485 |
6.183 |
4.882 |
3.580 |
|
- Depreciation |
0.000 |
13.261 |
9.838 |
8.747 |
7.770 |
7.303 |
|
|
|
|
|
|
|
|
|
Total |
10.323 |
24.278 |
19.900 |
23.001 |
31.217 |
42.910 |
|
|
|
|
|
|
|
|
|
Interests Service Coverage Ratio |
2.27 |
2.76 |
2.66 |
3.72 |
6.39 |
11.99 |
|
Interests
Service Coverage Ratio (Average) |
4.96 |
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. SANTOSH YADAV
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Particulars |
Applicant |
|
|
|
|
Address of the Property with survey No./ Door No. |
Shakti Park,
Gurgaon, Haryana, India |
|
|
|
|
Description : Land/ Site/ Building |
Godown |
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
Commercial |
|
|
|
|
Area/ Extent of Land |
400 sq. yards |
|
|
|
|
Present Market/
Assessed Value |
Rs.12.000 Millions |
|
TOTAL
ASSETS |
RS.12.000 MILLIONS |
|
NET WORTH |
RS.12.000 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. VIRENDER YADAV
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Particulars |
Applicant |
|
|
|
|
Address of the Property with survey No./ Door No. |
Patndi Road,
Gurgaon, Haryana, India Shakti Park,
Gurgaon, Haryana, India |
|
|
|
|
Description : Land/ Site/ Building |
Land Land |
|
|
|
|
Whether Freehold/ Leasehold |
Freehold Freehold |
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
Commercial Commercial |
|
|
|
|
Area/ Extent of Land |
1600 sq. yards 350 sq. yards |
|
|
|
|
Present Market/
Assessed Value |
Rs.32.000 Millions Rs.10.500 Millions Total = Rs.42.500 Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the company/ Firm/ Concern in
which investment is made |
Billu Tent House |
|
|
|
|
Date of Investment |
Own Business |
|
|
|
|
Present
Value of Investments |
Rs.2.643 Millions |
|
TOTAL
ASSETS |
RS.45.143 MILLIONS |
|
NET WORTH |
RS.45.143 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
GENERAL
INFORMATION
|
Name of the
party /purchaser and address (with Door No and Survey No.) |
NA |
|
|
|
|
Name/s of the reported
owner / Name/s of persons in whose name Is the property registered and
address: |
Golden Future
Education Society, Adjoing Plot No.- 587,
Sector- 27, Gurgaon. |
|
|
|
|
Purpose of
valuation |
Loan purpose |
|
|
|
|
List of documents
produced for perusal: |
Conveyance deed,
Sanction drg, possession letter, and Allotment |
|
|
|
|
Date of
Inspection: |
29.07.2011 |
|
|
|
|
Date of
valuation: |
29.07.2011 |
|
|
|
|
Approximate
distance from the Branch to the property: |
8 km. Approx. |
|
|
|
|
Station /
location / brief description of the land / site And brief
description of the building: |
This property under valuation is a Basement+
G.E , F.F. R.C.C structure and Second floor in progress bearing sale deed No.
8920, dated 30.06.2010, at Golden Future Education Society, Adjoing Plot
No.-587, Sector- 27, Gurgaon |
|
|
|
|
Boundaries of
the Property |
|
|
North East:- North West:- South West:- South East:- |
Road 9 M wide DLF- Ph.- I,
Colony Boundary Plot No.-587 Road 10 M wide |
|
|
|
|
Whether the
building has been approved? |
Yes |
|
|
|
|
VALUATION
DETAILS A. LAND |
|
|
The total area
(Extent of the site I land) |
1133.05 SQ. m or
1355.127 Sq. yards |
|
|
|
|
Description of
the site / land |
|
|
Character locality |
HUDA Sector -
27, Gurgaon. |
|
Classification |
Proposed Nursery
School Building |
|
Development of the surrounding areas |
Residential
buildings around |
|
Is the locality subjected to frequent flooding: |
No |
|
Feasibility to civic amenities like School, Hospital, Offices, Markets
etc. |
Available within
reasonable distance |
|
Shape of the land: |
Irregular |
|
Type of use to which it can be put |
Nursery School |
|
Any other restriction of usage? |
No |
|
Nature of right, whether leasehold freehold? |
Freehold |
|
Road facility |
Available |
|
Is it a corner plot? |
Yes |
|
Water supply / potentiality: |
Available from
HUDA |
|
Underground sewerage system: |
Available |
|
Any other sentimental I social issue which may affect the value: |
No |
|
|
|
|
Prevailing Unit
market rate: |
Rs.90,000/- to
Rs.1,00,000/- per sq. yard. |
|
|
|
|
Prescribed rate
by the Local Authority: |
Residential –
Rs.40,000/-, Commercial – Rs.80,000/-
|
|
|
|
|
Unit rate
adopted in this valuation: |
Rs.95,000/- per
Sq. yard (average) |
|
|
|
|
Valuation of the
site / land: |
1355.127x Rs.95,
000/- = Rs.128.737
Millions |
|
|
|
|
VALUATION
DETAILS A. BUILDING |
|
|
Type of
construction |
Brick masonry
structure, RCC Structure |
|
|
|
|
Quality of
construction |
Good |
|
|
|
|
Appearance of
the Building |
Under
construction |
|
|
|
|
Number of floors |
Basement, + G.F+
F.F+ S.F ( Under construction) |
|
|
|
|
Maintenance of
the building |
Good Maintenance |
|
|
|
|
Description of
the Building |
|
|
Foundation |
R.C.C. Raft
Footing |
|
Superstructure |
RCC columns,
beams with brick masonry walls with brick work in cement mortar in between
the columns, plastered on both the sides with cement mortar R.C.C. Framed
structure |
|
Roof |
RCC roofing |
|
Doors |
Under construction |
|
Windows |
Under construction |
|
Sanitary fittings |
Under construction |
|
Flooring |
Under construction |
|
Electricity Supply |
Available |
|
|
|
|
Total plinth
area |
1422.996 Sq.
Mtrs or 15317 Sq. ft. |
|
|
|
|
Total life of
the building estimated: |
50 years |
|
|
|
|
Replacement t
rate of Construction with the |
Rs.650/- per sq.
ft. (Average) |
|
|
|
|
Replacement
Value |
15317 x Rs.650/-
= Rs.9.956
Millions |
|
|
|
|
Present Value of
the Building |
Rs.9.956
Millions |
|
|
|
|
TOTAL VALUATION |
|
|
Valuation of the
Land |
Rs.9.956
Millions |
|
|
|
|
Valuation of the
Building |
Rs.128.737
Million |
|
|
|
|
Total |
Rs.138.693
Millions |
|
|
|
|
Hence the
realisable cost of this property |
Rs.135.000
Millions. |
------------------------------------------------------------------------------------------------------------------------------
INTRODUCTION
The education industry is huge in India. It employs more
than 10,00,000 full- time equivalent jobs. New capital investment in the area
nears $20 billion a year, but its share in the world market form is less than
one percent. This is due to inadequacy of infrastructure and facilities.
Creation of modern high-tech services and facilities could provide distinct
teaching methodologies (traditional, Montessori, cognitive, etc) and lead to
high value addition.
Education constitutes a vast, undocumented and overxploited
economic resource and they are the principal resource for the majority of the
people of the country. The demand is increasing in their country.
Several preschool chains have already opened up in the past
few years to cater to the requirement. But with around 126 million children
expected to be in the age group of 0 to 4 by the year 2010, according to the United
Nations Population Division, the demand for preschools in this segment could be
on the rise like never before.
Many specialists in the educational field are now pitching
this concept and stressing towards the importance of preschools in a child’s
life. Even parents are realizing the significance of building a foundation for
their kids, thanks to tough competition that exists nowadays with regards to
school admissions. They no longer resort to the neighbourhood play schools or
day care centres but are on the lookout for preschools with a reputed name and
infrastructural facilities for their child’s overall development.
OBJECTIVE
This is a critical period in a child’s life when specific
types of learning take place. The brain is especially receptive to stimulation
in the area of language, for example, during the first three years. Therefore,
children that are exposed to speech (talking, reading, singing, etc) on a
regular basis, exhibit language skills that far exceed those with little verbal
stimulation.
Aim of the society is:
· Develop a parenting style that could go a long way in creating the right foundation for precious child.
· Hi-tech Dance Room
· Toy Room
· Art Room and extra circular activities in various fields
· Nutritional requirements
· To increase awareness among pupils
A ‘Special School’ or children with
challenges- an all inclusive special educational program for students aged 3-5
years.
Individualized Educational Programs (IEPs),
based on assessment of learning potential and progress reviews, shape the
course of educational instruction for each child.
Instructional activities centre on the use of
creative channels and play-way techniques to explore and enjoy the process of
learning. The emphasis is on development of and support to their ‘Abilities’
rather than their ‘Disabilities’ coming in the way of their growth.
Society also aims to work in cooperation with
the parents and in partnership with the interested employees to promote
ultimate absorption of the trainees in productive pursuits, through specific
training, where possible.
The main objective of the society is to
provide education services to all types of children. The Society shall have its
own air-condition play school in sector-27, DLF City, Gurgaon which will have a
well trained staff along with be scientific tested equipments and allied
products.
ESSENTIAL FACTORS
- Ayahs-1:15 ayah student ratio
- Choosing the right neighborhood for setup
- Day care and activity center for
extra-curriculum
- Distinct teaching methodologies
(traditional, Montessori, cognitive, etc)
- Extensive and ongoing teacher training
- Initial brand awareness gimmicks
- Large open spaces
- Parent involvement
- Positive word of mouth
- R&D team
- Standardized ambience for all child
(infrastructure, course and supplies)
This results in efficient archival and
retrieval and thus cost efficiency.
LOCATION
Location of the play school would be in
sector-27, DLF City, Gurgaon would mean relatively easy access from all near by
areas in new Gurgaon, good soils, plentiful water and an ecology which allows
both clean environment and easy assess to nearby villages.
The staff and other basic requirements for the
school can be easily available here. The transportation system is easily
assessable from NH-8.
“Society is putting no boundaries as to what a
community chaild can be.”
The Society had already got app. 1150 sq. mts.
of land in sector-27, HUDA, Gurgaon. The School requirement app. one third land
and for other activities the remaining area would be sufficient.
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.45.37 |
|
|
1 |
Rs.73.53 |
|
Euro |
1 |
Rs.64.37 |
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.