MIRA INFORM REPORT
|
Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
S K CONSTRUCTIONS |
|
|
|
|
Registered
Office : |
Gali No.3, Near |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.01.2011 (Provisional) |
|
|
|
|
Year of
Establishment : |
2003 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Civil Construction and Other MISC Construction Work. |
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 |
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|
|
|
Comments : |
Subject is an established concern in its field. Trade relations are
reported as fair. The valuation report and networth statement provided seems to
be satisfactory. No complaints have been heard from indirect or market
sources. It would be advisable to take adequate securities while dealing with
the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
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. Surendra Singh Rana |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9354526839 |
|
Date : |
21.04.2011 |
LOCATIONS
|
Registered Office : |
Gali No.3, Near |
|
Mobile No.: |
91-9354526839 (Mr. Surendra Singh Rana) |
|
E-Mail : |
|
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Surendra Singh Rana |
|
Designation : |
Proprietor |
|
Address : |
H. N.55-A, Geeta Colony, Panipat – 132103, |
|
Date of Birth/Age : |
01.01.1956 |
|
Qualification : |
Graduate |
|
Experience : |
25 years |
|
PAN No.: [Permanent Account No.] |
AFOPR3462G |
BUSINESS DETAILS
|
Line of Business : |
Construction of all types of Civil and Electrical Works etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30-60-90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30-60-90 days) |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s · Reliance Infocom Eng. Private Limited · IOT Eng. Project Limited |
|
|
|
|
Suppliers : |
· Des Raj and Sons · Aggarwa Traders · Yash Pal Parveen Kumar · Shamshi Power Services · Garg Trading Company. |
|
|
|
|
No. of Employees : |
10 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank · Punjab National Bank Karnal, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vikas R Kumar and Company Chartered Accountant |
|
Address : |
Shop No.32, Dev Market, Near Bus Stand, Panipat, |
|
Tel No.: |
91-180-4007538 |
CAPITAL STRUCTURE
PROPRIETOR’S
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.01.2011 |
Particulars |
31.01.2011 |
|
|
|
|
|
|
To Withdrawals |
0.031 |
By Balance B/d |
0.856 |
|
|
|
|
|
|
To Balance C/d |
1.078 |
By Net Profit |
0.253 |
|
|
|
|
|
|
Total |
1.109 |
Total |
1.109 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.01.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Proprietor’s Capital Account |
1.078 |
0.856 |
0.627 |
0.551 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.078 |
0.856 |
0.627 |
0.551 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
1.078 |
0.856 |
0.627 |
0.551 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.051 |
0.057 |
0.066 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
0.856
|
0.827
|
0.000 |
0.000 |
|
|
Sundry Debtors |
1.557
|
1.392
|
0.000 |
0.666 |
|
|
Cash & Bank Balances |
0.756
|
0.382
|
0.019 |
0.035 |
|
|
Other Current Assets |
0.111
|
0.055
|
0.815 |
0.116 |
|
|
Loans & Advances |
0.000
|
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
3.280
|
2.656 |
0.834 |
0.817 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
2.248
|
1.852
|
0.264 |
0.266 |
|
|
Other Current Liabilities |
0.005
|
0.005
|
0.009 |
0.000 |
|
|
Provisions |
0.000
|
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
2.253
|
1.857 |
0.273 |
0.266 |
|
|
Net Current Assets |
1.027
|
0.799 |
0.561 |
0.551 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
1.078 |
0.856 |
0.627 |
0.551 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.01.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
8.219 |
8.207 |
5.693 |
3.309 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
0.015 |
|
|
|
Closing Stock |
0.856 |
0.827 |
0.000 |
0.000 |
|
|
|
TOTAL |
9.075 |
9.034 |
5.693 |
3.324 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Opening Stock |
0.827 |
0.000 |
0.000 |
0.000 |
|
|
|
Material Consumed |
5.233 |
6.068 |
0.000 |
3.122 |
|
|
|
Wages |
2.315 |
2.268 |
5.178 |
0.000 |
|
|
|
Electricity Bill |
0.006 |
0.006 |
0.000 |
0.000 |
|
|
|
Accountancy Charges |
0.050 |
0.048 |
0.048 |
0.024 |
|
|
|
Salary |
0.150 |
0.165 |
0.165 |
0.000 |
|
|
|
Printing and Stationery |
0.018 |
0.013 |
0.003 |
0.001 |
|
|
|
Telephone |
0.016 |
0.010 |
0.015 |
0.000 |
|
|
|
Office Expenses |
0.016 |
0.013 |
0.024 |
0.000 |
|
|
|
Traveling |
0.090 |
0.069 |
0.011 |
0.000 |
|
|
|
Staff Welfare |
0.056 |
0.049 |
0.005 |
0.007 |
|
|
|
Other Expenses |
0.039 |
0.050 |
0.067 |
0.015 |
|
|
|
TOTAL |
8.816 |
8.759 |
5.516 |
3.169 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.259 |
0.275 |
0.177 |
0.155 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.007 |
0.010 |
0.012 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.252 |
0.265 |
0.165 |
0.155 |
|
KEY RATIOS
|
PARTICULARS |
|
31.01.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
2.78
|
2.93 |
2.90 |
4.66 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.07
|
3.23 |
2.90 |
4.68 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.57 |
9.77 |
18.33 |
18.97 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.31 |
0.26 |
0.28 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.09
|
2.17 |
0.44 |
0.48 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.43 |
3.05 |
3.07 |
LOCAL AGENCY FURTHER INFORMATION
PROJECT REPORT
NAME
AND CONDITIONS:
The business is being carried on under the name and style of M/s S. K. Constructions
(Here-in-after called the unit). This is Proprietorship concern of Mr. Surender
Singh Rana S/o Mr. Girwar Singh Rana R/o Gali No. 3, Near Patel Park, VIG
Colony, Gharaunda, Distt. Karnal. Prop. is 55 years old and having the
Experience of this line of business. Unit is engaged in the Construction of all
types of building and civil and Electrical works Prop has Cardial Realtion in
the market prop is runinhg this unit since 2003. Inception of business unit is
growing year to year.
LOCATION:
In starting unit was its head located at V.P.O. Dadlana. But now Prop
has shifted its residence and Head Office Gali No. 3, Near Patel Park, VIG
Colony, Gharaunda, Distt. Karnal.
INTRODUCTION:
As above mention that unit is engaged in the construction of all types
of Building, Civil and Electrical and Mechanical Works at Refinery and all
other related site of reliance and IOT and other Larrgs group etc. Due to
experience of unit and performance unit has got easily the large work order
from the main contractor. But payment of work order normally received from the
contractor on measurement of full work order or stage wise. This takes normally
2 to 3 month. In this time to take credit from the market goods will purchased
at high rate due to this margin go down and unit face shortage of working
capital hence unit Approch to the bank for financial assistance in the form of
Working capital loan of Rs.2.000 Millions.
OFFICE/ GODOWN:
Unit has the requisite office/ Godown Which is sufficient for the
present requirement and future expansion of the unit.
LABOUR:
Regarding the Labour Supply, unit has sufficient no. of Labour
Contractor which provide the Labour easily.
MATERIAL:
Regarding availability of material there is sufficient nos. of local supplier
which assure the smooth supply of building material.
BASIS AND
PRESUMPTION:
Elevant assumptions have been stated wherever necessary; however the
general assumptions are a under:
i)
Price have been considered constant it is assumed
that any increase in cost of purchase shall be offset by the corresponding
increase in sale price.
ii)
The report has been complied on the basis of data
supplied by the party.
ECONOMIC
VIABILITY:
From the above they may conclude that the perfect is technically fit and
economically viable. The profitability of the project is also very good.
CONCLUSION:
The objective of the report is to assess the working requirements of the
party and on appraisal of this report. it is evident that the unit is
economically.
------------------------------------------------------------------------------------------------------------------------------
COST OF PROJECT
(RS.
IN MILLIONS)
|
Particulars
|
Amount |
|
|
|
|
Fixed Assets |
0.056 |
|
|
|
|
Margin for Working Capital |
0.800 |
|
|
|
|
Total
|
0.856 |
MEANS OF FINANCE
(RS.
IN MILLIONS)
|
Particulars
|
Amount |
|
|
|
|
Proprietor’s Capital |
0.856 |
|
|
|
|
Total
|
0.856 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
2011 |
2013 |
2013 |
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
Proprietor’s Capital |
0.856 |
1.085 |
1.391 |
|
Add: Net Profit |
0.301 |
0.386 |
0.495 |
|
|
1.157 |
1.471 |
1.886 |
|
|
|
|
|
|
Less: Withdrawals |
0.072 |
0.080 |
0.086 |
|
|
1.085 |
1.391 |
1.800 |
|
|
|
|
|
|
Working Capital Loan |
2.000 |
2.000 |
2.000 |
|
|
|
|
|
|
Sundry Creditors |
0.258 |
0.300 |
0.350 |
|
|
|
|
|
|
Total |
3.343 |
3.691 |
4.150 |
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
0.056 |
0.048 |
0.041 |
|
Less: Dep. for the year |
0.008 |
0.007 |
0.006 |
|
|
0.048 |
0.041 |
0.035 |
|
|
|
|
|
|
C. Assets |
0.099 |
0.100 |
0.105 |
|
|
|
|
|
|
Closing Stock |
1.479 |
1.490 |
1.607 |
|
Sundry Debtors |
1.667 |
2.000 |
2.333 |
|
Cash and Bank Balance |
0.050 |
0.060 |
0.070 |
|
|
|
|
|
|
Total
|
3.343 |
3.691 |
4.150 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
PROFITABILITY STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
2011 |
2013 |
2013 |
|
|
|
|
|
|
Sales/ Receipts |
10.000 |
12.000 |
14.000 |
|
|
|
|
|
|
Raw Materials Consumed |
6.200 |
7.200 |
8.400 |
|
|
|
|
|
|
Wages |
3.000 |
3.600 |
4.200 |
|
|
|
|
|
|
Rent |
0.036 |
0.036 |
0.036 |
|
|
|
|
|
|
Interests on WC Loan |
0.043 |
0.255 |
0.255 |
|
|
|
|
|
|
Depreciation |
0.008 |
0.007 |
0.006 |
|
|
|
|
|
|
Administration Expenses |
0.180 |
0.220 |
0.240 |
|
|
|
|
|
|
Selling and Distribution Expenses |
0.200 |
0.240 |
0.280 |
|
|
|
|
|
|
Miscellaneous and General Expenses |
0.015 |
0.030 |
0.045 |
|
|
|
|
|
|
TOTAL |
9.682 |
11.588 |
13.462 |
|
|
|
|
|
|
Net Profit Before Tax |
0.318 |
0.412 |
0.538 |
|
|
|
|
|
|
Provision for Tax |
0.017 |
0.026 |
0.043 |
|
|
|
|
|
|
Net Profit After Tax |
0.301 |
0.386 |
0.495 |
|
|
|
|
|
|
Net Cash Accruals |
0.309 |
0.393 |
0.501 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED FUND FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
2011 |
2013 |
2013 |
|
|
|
|
|
|
SOURCES
OF FUNDS |
|
|
|
|
|
|
|
|
|
Proprietors Capital |
0.000 |
0.000 |
0.000 |
|
Net Profit |
0.301 |
0.386 |
0.495 |
|
Working Capital Loan |
2.000 |
0.000 |
0.000 |
|
Depreciation |
0.008 |
0.007 |
0.006 |
|
Increase in Sundry Creditors |
(1.599) |
0.042 |
0.050 |
|
|
|
|
|
|
Total
|
0.710 |
0.435 |
0.551 |
|
|
|
|
|
|
|
|
|
|
|
APPLICATION
OF FUNDS |
|
|
|
|
|
|
|
|
|
Fixed Assets |
-- |
-- |
-- |
|
Withdrawals |
0.072 |
0.080 |
0.086 |
|
Increase in Stock |
0.652 |
0.011 |
0.117 |
|
Increase in Sundry Debtors |
0.275 |
0.333 |
0.333 |
|
Increase in C. Assets |
0.044 |
0.001 |
0.005 |
|
|
|
|
|
|
Total |
1.043 |
0.425 |
0.541 |
|
|
|
|
|
|
Opening Cash and Bank Balance |
0.383 |
0.050 |
0.060 |
|
|
|
|
|
|
Surplus / (Deficit) |
(0.333) |
0.010 |
0.010 |
|
|
|
|
|
|
Closing Cash and Bank Balance |
0.050 |
0.060 |
0.070 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSET AND LIABILITIES
NAME OF THE
APPLICANT: MR. SURENDRA SINGH RANA
NAME OF THE
GUARANTOR: MRS. KUSUM LATA
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Address of the
Property with Survey No./ Door No. etc. |
-- |
Street No.3, VIG Colony, Gharaunda |
|
|
|
|
|
Description: Land/ Site/ Building |
-- |
Building |
|
|
|
|
|
Whether Freehold / Leasehold |
-- |
Freehold |
|
|
|
|
|
Type of Property (Commercial/ Residential/ Agricultural) |
-- |
Residential |
|
|
|
|
|
Area/ Extent of Land |
-- |
121.24 sq. yds. |
|
|
|
|
|
Mortgaged for Availing Loan is any, details
thereof |
-- |
No |
|
|
|
|
|
Present
Market Assessed Value |
-- |
Rs.3.770
Millions |
INVESTMENT IN
BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in
which investment is made |
S. K. Construction and Co. |
-- |
|
|
|
|
|
Date of Investment |
31.03.2010 |
-- |
|
|
|
|
|
Present
Value of Investment |
Rs.0.856
Millions |
|
OTHER ASSETS
|
Furniture and Fixtures |
0.150 |
0.300 |
|
|
|
|
|
Cash in Hand |
0.100 |
0.200 |
|
|
|
|
|
Jewellery - Gold |
0.394 |
0.230 |
|
|
|
|
|
Total Value of Other Assets |
Rs.0.644 Million |
Rs.0.730 Million |
|
TOTAL ASSETS |
RS.1.500
MILLIONS |
RS.4.500
MILLIONS |
|
NET WORTH |
RS.1.500
MILLIONS |
RS.4.500
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY
VALUATION REPORT
GENERAL
INFORMATION
|
Name of the
Party/ Purchaser and address |
Mrs. Kusum Lata W/o
Mr. Surendfer Singh VIG Colony,
Gharaunda, District Karnal |
|
|
|
|
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Name’s of the
reported Owner/ name of Persons in whose names the property registered and
address |
Mrs. Kusum Lata
W/o Mr. surrender singh Mob.
91-9354526839 |
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Purpose of
Valuation |
To assess the
present market value of the property for Bank purpose only. |
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List of
documents produced for perusal |
Photocopy of
Deed No.593 Dated 20.06.2008 |
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Date of
Inspection |
04.02.2011 |
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Date of
Valuation |
05.02.2011 |
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Approximate
distance from the branch to the property |
Approx. 0.3 km. |
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Situation /
Location/ Brief description of the land site and brief description of the
building |
Property an existing residential building,
as identified, demarked and shown by the applicant/ Owner, situated on ;land
which is part of Khewat No.1171, Khatoni No.1519, Murabba No.147, Killa
No.11, Abadi VIG Colony, Near Herbal Park, Inside M. C. limit, Gharaunda,
district Karnal . |
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Dimensions and
Boundaries of the Property |
As per Deed |
As per site |
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North |
22’0” Gali |
22’0” Street |
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South |
22’0” Other’s Land |
22’0” Other’s Plot |
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East |
49’0” H/o of Dharampal |
49’0” H/o of Dharampal |
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West |
49’10 ˝” Other’s Land |
49’10 ˝” House of Ravinder |
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Property tax
details |
Details will be
provided by the applicant / Owner |
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Assuming the entire
property is let out, the probable monthly rent and advance building rent |
Approx.
Rs.15,000.00 per month |
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General Remark |
Residential
Building |
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VALUATION REPORT |
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The total area
(extent) of the site/ land |
121.24 sq. yd.
(as per deed) |
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Description of
the site/land |
Property an existing residential building,
as identified, demarked and shown by the applicant/owner, situated on land which
is part of Khewat No.1171, Khatoni No. 1519, Murabba No. 147, Killa No. 11,
Abadi VIG Colony, Near Herbal Park, Inside M.C. limit, Gharaunda. Distt.
Karnal. |
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Character of
locality |
Residential |
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Classification |
Residential |
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Development of
surrounding area |
Developed area |
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Is the locality
subjected to frequent flooding |
Nil |
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Feasibility to
the civic amenities like School, Hospital, Offices, Markets etc. |
Available |
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Nature of right,
whether leasehold freehold |
Freehold |
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Road Facilities |
Available |
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Is it a corner
plot? |
No |
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Water Supply /
Potentiality |
Available |
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Under ground
sewerage system |
Available |
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Any other sentimental/Social
issue which may affect the value |
No |
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General remarks |
Residential
building |
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Prevailing Unit
Market Rate |
Rs.12,000.00/
sq. yd. |
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Unit rate
adopted in this valuation |
Rs.12,000.00/
sq. yd. |
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Valuation of the
Site/ Land |
121.24 sq. yd @
Rs.12,000.00/ sq. yd = Rs.1.455 Millions |
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BUILDING |
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Type of
construction |
Residential
building |
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Quality of
construction |
Good |
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Appearance of
the building |
Good |
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Number of floors |
GF+ FF+ SF |
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Maintenance of
the building |
Building in good
condition |
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Description of
the building |
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Foundation |
Brick Masonary
walls in step foundation — as told |
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Superstructure |
Brick Masonary |
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Roof |
RCC slab |
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Doors |
Wooden |
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Windows |
Wooden |
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Sanitary
fittings |
Available |
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Flooring |
Marble and chips |
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Electric supply |
Available |
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Total plinth
area |
GF+FF+SF = 1117
+ 1117 + 489 = 2723 Sq Ft Total Covd. area
= 2723 Sq Ft |
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Year of
construction |
2009- as told |
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Total life of
the building |
Approx 60 years
with periodically maintenance of the building |
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General remarks |
Residential
building |
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Replacement rate
of construction with the existing conditions and specification |
GF+ FF+ SF =
2723 Sq Ft @ Rs.850/ Sq Ft = Rs.2.315 Millions Total built up
value = Rs.2.315 Millions |
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Replacement
Value |
Rs.2.315
Millions |
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Depreciation
Value at the rate |
Nil, Being
depreciated replacement value considered. |
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Present Value of
the Building |
Rs.2.315
Millions |
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TOTAL VALUATION |
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Valuation of the
Land |
Rs.1.455 Millions
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Valuation of the
Building |
Rs.2.315
Millions |
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Total Value
(Land + Building) |
Rs.3.769
Millions Say Rs.3.770 Millions |
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Realizable /
Distress Value of the Property |
Rs.3.200
Millions |
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CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.30 |
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1 |
Rs.72.92 |
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Euro |
1 |
Rs.64.69 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.