MIRA
INFORM REPORT
|
Report Date : |
25.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
AATHISHREE EXPORTS |
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|
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|
Registered
Office : |
No.9/36/1, V.R.M. Complex, |
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Country : |
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|
Financials (as
on) : |
31.03.2010 |
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|
Date of
Incorporation : |
01.04.2009 |
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|
PAN No.: [Permanent Account No.] |
AAQFA2631M |
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|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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|
Line of Business
: |
Manufacturer of Madeups by using Handloom and Powerloom Fabrics. |
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 : |
New Concern |
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|
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new 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 |
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|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. M. Gopalkrishnan |
|
Designation : |
Partner |
|
Contact No.: |
91-9894035532 |
|
Date : |
19.02.2011 |
LOCATIONS
|
Registered Office/ Factory : |
No.9/36/1, V.R.M. Complex, |
|
Tel. No.: |
91-4324-650456 |
|
Mobile No.: |
91-9894035532 (Mr. M. Gopalakrishnan) |
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E-Mail : |
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|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. M. Gopalkrishnan |
|
Designation : |
Partner |
|
Address : |
No.648, Kamarajapuram North, Karur – 639002, |
|
Date of Birth/Age : |
35 years |
|
Qualification : |
SSLC |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AHWPG6551D |
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|
|
|
Name : |
Mr. A. Ramakrishnan |
|
Designation : |
Partner |
|
Address : |
No.26 B/1, V.V.G. Nagar, Vengamedu, Karur – 639002, |
|
Date of Birth/Age : |
37 years |
|
Qualification : |
SSLC |
|
Date of Appointment : |
01.04.2009 |
|
|
|
|
Name : |
Mr. P. Sathiya |
|
Designation : |
Partner |
|
Address : |
No.20, Kamatchiamman Kovil, IV Cross,
Sengunthapuram, Karur – 639002, |
|
Date of Birth/Age : |
30 years |
|
Qualification : |
BBA |
|
Date of Appointment : |
01.04.2009 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Madeups by using handloom and Powerloom Fabrics. |
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Products : |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s · R. L. Khanna and Company · Tarun-A-Tex · JVS Printers · Vinayaga Samplex |
|
|
|
|
Suppliers : |
· Anbumalar Yarns · Devi Traders · Ganesh Polytex Private Limited · Narasimma Yarn Stores · Rainbow Packaging · Rubmini Fabrics · S. M. P. Textiles and Fabrics · Soldier Lables ·
The · Anayan Colours · Naavaladiyan Colours · The Classic Dyeing · Sri Vetrivel Printers |
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No. of Employees : |
30 |
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Bankers : |
· Indian Overseas Bank Karur, · Corporation Bank |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
M. Muthusamy and Associates Chartered Accountant |
|
Address : |
Karur, |
CAPITAL STRUCTURE
PARTNER’S
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Name of the
Partner |
Cash as on 01.04.2009 |
Additional Capital |
Interests on Capital |
Share of Ratio |
Share of Profit |
Balance as on 31.03.2010 |
|
|
|
|
|
|
|
|
|
Mr. M.
Gopalakrishnan |
0.100 |
0.100 |
0.024 |
1/3 |
0.027 |
0.251 |
|
|
|
|
|
|
|
|
|
Mr. A.
Ramakrishnan |
0.100 |
0.100 |
0.024 |
1/3 |
0.027 |
0.251 |
|
|
|
|
|
|
|
|
|
Ms. P. Sathiya |
0.100 |
0.100 |
0.024 |
1/3 |
0.027 |
0.251 |
|
|
|
|
|
|
|
|
|
Total |
0.300 |
0.300 |
0.072 |
1/3 |
0.081 |
0.753 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.753 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.753 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.869 |
|
|
TOTAL BORROWING |
|
|
0.869 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.622 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.506 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.723 |
|
|
Sundry Debtors |
|
|
1.918 |
|
|
Cash & Bank Balances |
|
|
0.050 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.120 |
|
Total
Current Assets |
|
|
2.811 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
1.669 |
|
|
Other Current Liabilities |
|
|
0.026 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
1.695 |
|
|
Net Current Assets |
|
|
1.116 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.622 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
17.081 |
|
|
|
Other Income |
|
|
0.005 |
|
|
|
TOTAL |
|
|
17.086 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
9.885 |
|
|
|
Dyeing Charges |
|
|
1.103 |
|
|
|
Weaving Charges |
|
|
1.208 |
|
|
|
Production Charges |
|
|
0.708 |
|
|
|
Stitching Charges |
|
|
1.060 |
|
|
|
Salary |
|
|
0.187 |
|
|
|
Shop Rent |
|
|
0.084 |
|
|
|
Vehicles Maintenance |
|
|
0.101 |
|
|
|
Travelling |
|
|
0.016 |
|
|
|
Telephone Charges |
|
|
0.022 |
|
|
|
Electricity Charges |
|
|
0.027 |
|
|
|
Partners Salary and Bonus |
|
|
0.112 |
|
|
|
Other Expenses |
|
|
2.430 |
|
|
|
TOTAL |
|
|
16.943 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.143 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.062 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
0.081 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2010 |
|
PAT / Total Income |
(%) |
|
|
0.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
2.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
3.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.66 |
LOCAL AGENCY FURTHER INFORMATION
PROJECTED
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2012 |
|
|
|
|
(Projected) |
||
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.500 |
1.970 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
5] God’s A/c |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1.500 |
1.970 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
5.000 |
5.000 |
|
|
2] Unsecured Loans |
|
0.850 |
0.850 |
|
|
TOTAL BORROWING |
|
5.850 |
5.850 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
7.350 |
7.820 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.425 |
0.361 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
5.000 |
5.250 |
|
|
Sundry Debtors |
|
3.500 |
3.800 |
|
|
Cash & Bank Balances |
|
0.055 |
0.089 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.120 |
0.120 |
|
Total
Current Assets |
|
8.675 |
9.259 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
1.750 |
1.800 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
1.750 |
1.800 |
|
|
Net Current Assets |
|
6.925 |
7.459 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
7.350 |
7.820 |
|
PROJECTED
PROFIT & LOSS ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2012 |
|
|
|
|
|
(Projected) |
||
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
25.000 |
30.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
25.000 |
30.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
14.073 |
16.570 |
|
|
|
Dyeing Charges |
|
1.775 |
2.130 |
|
|
|
Weaving Charges |
|
1.820 |
2.190 |
|
|
|
Production Charges |
|
1.070 |
1.290 |
|
|
|
Stitching Charges |
|
1.420 |
1.710 |
|
|
|
Salary |
|
0.272 |
0.300 |
|
|
|
Shop Rent |
|
0.122 |
0.130 |
|
|
|
Vehicles Maintenance |
|
0.147 |
0.170 |
|
|
|
Travelling |
|
0.024 |
0.030 |
|
|
|
Telephone Charges |
|
0.033 |
0.040 |
|
|
|
Electricity Charges |
|
0.040 |
0.050 |
|
|
|
Partners Salary and Bonus |
|
0.162 |
0.180 |
|
|
|
Other Expenses |
|
3.591 |
4.996 |
|
|
|
TOTAL |
|
24.549 |
29.786 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.199 |
0.214 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.079 |
0.064 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.120 |
0.150 |
|
STATEMENT OF TOTAL INCOME
(RS.
IN MILLIONS)
|
BUSINESS INCOME |
|
|
|
Net Profit as per Profit and Loss Account |
|
0.081 |
|
|
|
|
|
Add: Inadmissiables |
|
|
|
Partners Salary and Bonus as per Book |
0.112 |
|
|
Partners Capital Interest as per book |
0.072 |
|
|
Depreciation as per book |
0.062 |
0.246 |
|
|
|
|
|
|
|
0.327 |
|
|
|
|
|
Less: Admissibles |
|
|
|
Partners Salary and Bonus as per Book |
0.112 |
|
|
Partners Capital Interest u/s. 40(b)(iv) |
0.072 |
|
|
Depreciation as per Statement |
0.062 |
0.246 |
|
|
|
|
|
Total Income |
|
0.081 |
|
|
|
|
|
Total Income rounded off to |
|
0.081 |
|
|
|
|
|
Tax on the above income |
|
0.024 |
|
Add: Education Cess @ 3% |
|
0.001 |
|
|
|
|
|
Tax Payable |
|
0.025 |
|
|
|
|
|
Less: Advance Tax |
|
|
|
06.01.2010 |
0.010 |
|
|
15.03.2010 |
0.010 |
0.020 |
|
|
|
|
|
|
|
0.005 |
|
|
|
|
|
Add: Interests u/s 234 B |
0.000 |
|
|
Interests u/s 234C |
0.001 |
0.001 |
|
|
|
|
|
Total Tax Payable
|
|
0.006 |
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. M. GOPALAKRISHNAN
NAME
OF THE CO-APPLICANT: MR. A. RAMAKTISHNAN
NAME
OF THE GUARANTOR: MS. P. SATHIYA
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the property with survey No./Door No. etc. |
S. F. No.411/3, |
-- |
-- |
|
|
|
|
|
|
Description: Land/ Site/ Building |
Land |
-- |
-- |
|
|
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
-- |
-- |
|
|
|
|
|
|
Commercial/ Residential/ Agricultural |
Residential |
-- |
-- |
|
|
|
|
|
|
Area / extent of Land |
37,867.75 sq.
feet. |
-- |
-- |
|
|
|
|
|
|
Present Market/
Assessed Value |
Rs.14.111 Millions |
-- |
-- |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in Which
Investment is made |
Aathi Shree
Exports |
Aathi Shree
Exports |
Aathi Shree
Exports |
|
|
|
|
|
|
Date of Investment |
01.04.2009 |
01.04.2009 |
01.04.2009 |
|
|
|
|
|
|
Present Value of
Investment |
Rs.0.251 Millions |
Rs.0.251 Millions |
Rs.0.251 Millions |
LIFE
INSURANCE POLICY
|
Policy Numbers |
756204026 |
755773662 |
766478449 |
|
|
|
|
|
|
Date of Policy |
27.02.2010 |
24.06.2009 |
28.06.2010 |
|
|
|
|
|
|
Endowment/ Whole Life etc. |
Endowment |
Endowment |
Endowment |
|
|
|
|
|
|
Annual Premium |
0.052 |
0.221 |
0.026 |
|
|
|
|
|
|
Sum Assured |
1.000 |
0.500 |
0.100 |
|
|
|
|
|
|
Surrender Value |
Rs.0.050 Million |
Rs.0.050 Million |
Rs.0.025 Million |
VEHICLES
OWNED
|
Model / Make |
Honda Activa |
|
Honda Activa |
|
|
|
|
|
|
Date of Purchases |
2006 |
2000 |
2008 |
|
|
|
|
|
|
Present Market
Value |
Rs.0.030 Million |
Rs.0.032 Million |
Rs.0.040 Million |
OTHER
ASSETS
|
Cash in Hand |
0.025 |
0.025 |
0.025 |
|
|
|
|
|
|
Jewellery |
0.150 |
0.150 |
0.200 |
|
|
|
|
|
|
Total Value of
Other Assets |
0.175 |
0.175 |
0.225 |
|
TOTAL ASSETS |
RS.14.617 MILLIONS |
RS.0.508 MILLION |
RS.0.541 MILLION |
|
NET WORTH |
RS.14.617 MILLIONS |
RS.0.508 MILLION |
RS.0.541 MILLION |
------------------------------------------------------------------------------------------------------------------------------
MONTHWISE PURCHASES AND SALES
(RS.
IN MILLIONS)
|
Month |
Purchases |
Sales |
|
|
|
|
|
April – 10 |
1.806 |
1.975 |
|
May – 10 |
0.678 |
0.326 |
|
June – 10 |
0.281 |
2.700 |
|
July – 10 |
0.657 |
2.053 |
|
August – 10 |
1.101 |
0.257 |
|
September – 10 |
0.632 |
1.875 |
|
October – 10 |
0.744 |
2.894 |
|
|
|
|
|
Total |
5.899 |
12.080 |
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
(OTHER
THAN AGRICULTURAL LANDS, PLANTATIONS, FORESTS AND MINES)
|
Purpose for which valuation is made |
To access the present market value and the forced sale value. |
||
|
|
|
||
|
Date as on which valuation is made |
23.11.2010 |
||
|
|
|
||
|
Name and address of the owner (as per document) |
Mr. M. Gopalakrishnan, S/o. Mr. M. V. Marappa Gounder, No.148, Karnarajapuram North, Sengunthapurarn Post, Karur Taluk and
District. |
||
|
|
|
||
|
Location of the property S. F. No. Plot Nos. At Village and Municipality Taluk and District |
411/4 Part and 459/4 part. 109, 110 and 118A. Inam Karur. Karur. |
||
|
|
|
||
|
Measurements and Area of site |
|
||
|
Direction |
Plot No.109 |
Plot No.110 |
Plot No.118A |
|
North |
41’6” |
41’0” |
38’6” |
|
South |
55’9” |
40’0” |
40’0” |
|
East |
76’0” |
65’9” |
38’0” |
|
West |
65’9” |
56’0” |
60’0” |
|
|
|
|
|
|
Extent in Sq. Ft. |
3536.00 sq. ft. |
2445.00 sq. ft. |
1923.25 sq. ft. |
|
|
|
||
|
Total Area of the Site (Plot Nos. 109+110+118 A) |
3536.00 + 2445.00 + 1923.25 + 7894.25 sq. ft. |
||
|
|
|
||
|
Boundary Details
|
|
||
|
Direction |
Plot No.109 and 110 |
Plot No.118A |
|
|
North |
40’0” wide |
S. F. No.402 and
30’0” wide E-W Road |
|
|
South |
Plot Nos. 107
and 108 |
Plot No.41 |
|
|
East |
S. F. No. 402 |
Plot No.42 |
|
|
West |
30’0” wide |
Plot No.44 |
|
|
|
|
||
|
Is the property situated in residential/ commercial/ mixed |
Residential |
||
|
|
|
||
|
Classification of location high/ middle poor class. |
High Class. |
||
|
|
|
||
|
Proximity to civic amenities like schools, hospitals, markets and
offices |
Near by. |
||
|
|
|
||
|
Means of proximity |
By means of 40’0” E-W and 30’0” N-S Road. |
||
|
|
|
||
|
Is the property owners occupied or tenanted |
Owner’s Occupied. (Vacant site) |
||
|
|
|
||
|
Land rate adopted in this valuation |
Rs.425 / Sq. ft. (Plot no.110) Rs.400/Sq.ft.(Plotno.109 and 118A) |
||
|
|
|
||
|
Details about
the site: The above said site is located 6K.M from Karur, in the Inam Karur
Municipality Limit. Lot of Apartment works are going on in this’ area. It is
surrounded by lot of Residential Colonies (K.V.B Gayathri Nagar, Gothai
Nagar, Rainbow colony). It is surrounded by high class Residential buildings.
All basic amenities are available near the site. So it has good potential
value. |
|||
|
Plot No.110 |
|||
|
S.R.O. rate per Sq. ft |
Rs.204/- |
||
|
Market rate / Sq. ft |
Rs.425/- to 450/- |
||
|
Fair market rate / Sq. ft |
Rs.425/- |
||
|
Forced sale value of the site / Sq. ft |
Rs.75% of F.M.V (75/100) x 425/- |
||
|
|
Rs.319/- |
||
|
|
|
||
|
Plot Nos. 109
and 118A |
|||
|
S.R.O. rate per Sq. ft |
Rs.204/- |
||
|
Market rate / Sq. ft |
Rs.400/- to 450/- |
||
|
Fair market rate / Sq. ft |
Rs.400/- |
||
|
Forced sale value of the site / Sq. ft |
Rs.75% of F.M.V (75/100) x 400/- |
||
|
|
Rs.300/- |
||
AREA
CALCULATION: LAND VALUE
|
Value Based on |
Area of site per Sq. ft |
Rate / Sq. ft Rs. |
Value of site (Rs, in Millions) |
|
|
|
|
|
|
Fair Market
Value Plot No.110 |
2445.00 |
425/- |
1.039 |
|
Plot Nos.109 and
118A |
5459.25 |
400/- |
2.184 |
|
|
|
|
3.223 |
|
|
|
|
|
|
Guide Line Value
|
7894.25 |
204/- |
1.610 |
|
|
|
|
1.610 |
|
|
|
|
|
|
Forced sale
value |
|
|
|
|
Plot No.110 |
2445.00 |
319/- |
0.780 |
|
Plot Nos. 109
and 118A |
5459.25 |
300/- |
1.638 |
|
|
|
|
2.418 |
a) Value of the
Vacant site based on Fair market value = Rs.3.223 Millions
b) Value of the
Vacant site based on Guide line value = Rs.1.610 Millions
c) Value of the
Vacant site based on Forced sale value = Rs.2.418 Millions
REPORT OF VALUATION OF IMMOVABLE PROPERTY
(OTHER
THAN AGRICULTURAL LANDS, PLANTATIONS, FORESTS AND MINES)
|
Purpose for which valuation is made |
To access the present market value and the forced sale value. |
|
|
|
|
|
|
Date as on which valuation is made |
23.11.2010 |
|
|
|
|
|
|
Name and address of the owner (as per document) |
Mr. M. Gopalakrishnan, S/o. Mr. M. V. Marappa Gounder, No.148, Karnarajapuram North, Sengunthapurarn Post, Karur Taluk and
District. |
|
|
|
|
|
|
Location of the property S. F. No. Plot Nos. At Village and Municipality Taluk and District |
411/3 Part 100, 117 Inam Karur. Karur. |
|
|
|
|
|
|
Measurements and Area of site |
|
|
|
Direction |
Plot No.100 |
Plot No.117 |
|
North |
30’0” |
30’0” |
|
South |
30’0” |
30’0” |
|
East |
50’0” |
56’6” |
|
West |
50’0” |
58’9” |
|
|
|
|
|
|
|
|
|
Extent in Sq. Ft. |
1500.00 sq. ft. |
1728.75 sq. ft. |
|
|
|
|
|
Total Area of the Site (Plot Nos. 100+117) |
1500.00 + 1728.75 + 3228.75 sq. ft. |
|
|
|
|
|
|
Boundary Details
(For Plot No.100 and 117) |
|
|
|
North |
40’0” wide |
|
|
South |
30’0” wide |
|
|
East |
Plot Nos.101 and
116 |
|
|
West |
Plot Nos.99 and
118 |
|
|
|
|
|
|
Is the property situated in residential/ commercial/ mixed |
Residential |
|
|
|
|
|
|
Classification of location high/ middle poor class. |
High Class. |
|
|
|
|
|
|
Proximity to civic amenities like schools, hospitals, markets and
offices |
Near by. |
|
|
|
|
|
|
Means of proximity |
By means of 40’0” and 30’0” Road. |
|
|
|
|
|
|
Is the property owners occupied or tenanted |
Owner’s Occupied. (Vacant site) |
|
|
|
|
|
|
Land rate adopted in this valuation |
Rs.400/- Sq. ft. |
|
|
|
|
|
|
Details about
the site: The above said site is located 6K.M from Karur, in the Inam Karur
Municipality Limit. Lot of Apartment works are going on in this area. It is surrounded
by lot of Residential Colonies (K.V.B Gayathri Nagar, Gothai Nagar, Rainbow
colony). It is surrounded by high class Residential buildings. All basic
amenities are available near the site. So it has good potential value. |
||
|
|
||
|
S.R.O. rate per Sq. ft |
Rs.204/- |
|
|
Market rate / Sq. ft |
Rs.400/- to 450/- |
|
|
Fair market rate / Sq. ft |
Rs.400/- |
|
|
Forced sale value of the site / Sq. ft |
Rs.75% of F.M.V (75/100) x 400/- |
|
|
|
Rs.300/- |
|
AREA
CALCULATION: LAND VALUE
|
Value Based on |
Area of site per Sq. ft |
Rate / Sq. ft Rs. |
Value of site (Rs, in Millions) |
|
|
|
|
|
|
Fair Market
Value |
3228.75 |
400/- |
1.292 |
|
|
|
|
1.292 |
|
|
|
|
|
|
Guide Line Value
|
3228.75 |
204/- |
0.659 |
|
|
|
|
0.659 |
|
|
|
|
|
|
Forced |
3228.75 |
300/- |
0.969 |
|
|
|
|
0.969 |
a) Value of the
vacant sites based on Fair market value: Rs.1.292 Millions
b) Value of the
vacant sites based on Guide line value: Rs.0.659 Millions
c) Value of the
vacant sites based on Forced sale value: Rs.0.969Millions
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
(OTHER
THAN AGRICULTURAL LANDS, PLANTATIONS, FORESTS AND MINES)
|
Purpose for which valuation is made |
To access the present market value and the forced sale value. |
|
|
|
|
|
|
Date as on which valuation is made |
23.11.2010 |
|
|
|
|
|
|
Name and address of the owner (as per document) |
Mr. M. Gopalakrishnan, S/o. Mr. M. V. Marappa Gounder, No.148, Karnarajapuram North, Sengunthapurarn Post, Karur Taluk and
District. |
|
|
|
|
|
|
Location of the property S. F. No. Plot Nos. At Village and Municipality Taluk and District |
411/4 Part 113, 114 Inam Karur. Karur. |
|
|
|
|
|
|
Measurements and Area of site |
|
|
|
Dimensions |
Plot No.113 |
Plot No.114 |
|
North |
40’3” |
40’0” |
|
South |
40’0” |
40’0” |
|
East |
45’6” |
48’3” |
|
West |
48’3” |
51’0” |
|
|
|
|
|
|
|
|
|
Total Area |
1875.00 sq. ft. |
1985.00 sq. ft. |
|
|
|
|
|
Total Area of the Site (Plot Nos. 113 + 114) |
3860.00 sq. ft. (1875.00 + 1985.00) |
|
|
|
|
|
|
Boundary Details
(For Plot No.113 and 114) |
|
|
|
North |
40’0” wide |
|
|
South |
Plot No.103, 104 |
|
|
East |
Plot No.112 |
|
|
West |
Plot No.115 |
|
|
|
|
|
|
Is the property situated in residential/ commercial/ mixed |
Residential |
|
|
|
|
|
|
Classification of location high/ middle poor class. |
High Class. |
|
|
|
|
|
|
Proximity to civic amenities like schools, hospitals, markets and
offices |
Near by. |
|
|
|
|
|
|
Means of proximity |
By means of 40’0” and 30’0” Road. |
|
|
|
|
|
|
Is the property owners occupied or tenanted |
Owner’s Occupied. (Vacant site) |
|
|
|
|
|
|
Land rate adopted in this valuation |
Rs.400/- Sq. ft. |
|
|
|
|
|
|
Details about
the site: The above said site is located 6K.M from Karur, in the Inam Karur Municipality
Limit. Lot of Apartment works are going on in this area. It is surrounded by
lot of Residential Colonies (K.V.B Gayathri Nagar, Gothai Nagar, Rainbow
colony). It is surrounded by high class Residential buildings. All basic
amenities are available near the site. So it has good potential value. |
||
|
|
||
|
S.R.O. rate per Sq. ft |
Rs.204/- |
|
|
Market rate / Sq. ft |
Rs.400/- to 450/- |
|
|
Fair market rate / Sq. ft |
Rs.400/- |
|
|
Forced sale value of the site / Sq. ft |
Rs.75% of F.M.V (75/100) x 400/- |
|
|
|
Rs.300/- |
|
AREA
CALCULATION: LAND VALUE
|
Value Based on |
Area of site per Sq. ft |
Rate / Sq. ft Rs. |
Value of site (Rs, in Millions) |
|
|
|
|
|
|
Fair Market
Value |
3860.00 |
400/- |
1.544 |
|
|
|
|
1.544 |
|
|
|
|
|
|
Guide Line Value
|
3860.00 |
204/- |
0.787 |
|
|
|
|
0.787 |
|
|
|
|
|
|
Forced |
3860.00 |
300/- |
1.158 |
|
|
|
|
1.158 |
a) Value of the vacant
sites based on Fair market value: Rs.1.544 Millions
b) Value of the
vacant sites based on Guide line value: Rs.0.787 Millions
c) Value of the
vacant sites based on Forced sale value: Rs.1.158 Millions
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
(OTHER
THAN AGRICULTURAL LANDS, PLANTATIONS, FORESTS AND MINES)
|
Purpose for which valuation is made |
To access the present market value and the forced sale value. |
|
|
|
|
|
|
Date as on which valuation is made |
23.11.2010 |
|
|
|
|
|
|
Name and address of the owner (as per document) |
Mr. M. Gopalakrishnan, S/o. Mr. M. V. Marappa Gounder, No.148, Karnarajapuram North, Sengunthapurarn Post, Karur Taluk and
District. |
|
|
|
|
|
|
Location of the property S. F. No. Plot Nos. At Village and Municipality Taluk and District |
411/3 Part, 411/4 Part 115, 116 Inam Karur. Karur. |
|
|
|
|
|
|
Measurements and Area of site |
|
|
|
Dimensions |
Plot No.115 |
Plot No.116 |
|
North |
40’3” |
40’0” |
|
South |
40’0” |
40’0” |
|
East |
51’0” |
54’0” |
|
West |
54’0” |
56’6” |
|
|
|
|
|
|
|
|
|
Total Area |
2100.00 sq. ft. |
2210.00 sq. ft. |
|
|
|
|
|
Total Area of the Site (Plot Nos. 115 + 116) |
4310.00 sq. ft. (2100.00 + 2210.00) |
|
|
|
|
|
|
Boundary Details
|
|
|
|
North |
40’0” wide |
|
|
South |
Plot No.101, 102 |
|
|
East |
Plot No.117 |
|
|
West |
Plot No.114 |
|
|
|
|
|
|
Is the property situated in residential/ commercial/ mixed |
Residential |
|
|
|
|
|
|
Classification of location high/ middle poor class. |
High Class. |
|
|
|
|
|
|
Proximity to civic amenities like schools, hospitals, markets and
offices |
Near by. |
|
|
|
|
|
|
Means of proximity |
By means of 40’0” E-W Road. |
|
|
|
|
|
|
Is the property owners occupied or tenanted |
Owner’s Occupied. (Vacant site) |
|
|
|
|
|
|
Land rate adopted in this valuation |
Rs.400/- Sq. ft. |
|
|
|
|
|
|
Details about the
site: The above said site is located 6K.M from Karur, in the Inam Karur
Municipality Limit. Lot of Apartment works are going on in this area. It is
surrounded by lot of Residential Colonies (K.V.B Gayathri Nagar, Gothai
Nagar, Rainbow colony). It is surrounded by high class Residential buildings.
All basic amenities are available near the site. So it has good potential
value. |
||
|
|
||
|
S.R.O. rate per Sq. ft |
Rs.204/- |
|
|
Market rate / Sq. ft |
Rs.400/- to 450/- |
|
|
Fair market rate / Sq. ft |
Rs.400/- |
|
|
Forced sale value of the site / Sq. ft |
Rs.75% of F.M.V (75/100) x 400/- |
|
|
|
Rs.300/- |
|
AREA
CALCULATION: LAND VALUE
|
Value Based on |
Area of site per Sq. ft |
Rate / Sq. ft Rs. |
Value of site (Rs, in Millions) |
|
|
|
|
|
|
Fair Market
Value |
4310.00 |
400/- |
1.724 |
|
|
|
|
1.724 |
|
|
|
|
|
|
Guide Line Value
|
4310.00 |
204/- |
0.879 |
|
|
|
|
0.879 |
|
|
|
|
|
|
Forced |
4310.00 |
300/- |
1.293 |
|
|
|
|
1.293 |
a) Value of the
vacant sites based on Fair market value: Rs.1.724 Millions
b) Value of the
vacant sites based on Guide line value: Rs.0.879 Millions
c) Value of the
vacant sites based on Forced sale value: Rs.1.293 Millions
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
(OTHER
THAN AGRICULTURAL LANDS, PLANTATIONS, FORESTS AND MINES)
|
Purpose for which valuation is made |
To access the present market value and the forced sale value. |
|
|
|
|
|
|
Date as on which valuation is made |
23.11.2010 |
|
|
|
|
|
|
Name and address of the owner (as per document) |
Mr. M. Gopalakrishnan, S/o. Mr. M. V. Marappa Gounder, No.148, Karnarajapuram North, Sengunthapurarn Post, Karur Taluk and
District. |
|
|
|
|
|
|
Location of the property S. F. No. Plot Nos. At Village and Municipality Taluk and District |
411/3 Part 98,118 Inam Karur. Karur. |
|
|
|
|
|
|
Measurements and Area of site |
|
|
|
Dimensions |
Plot No.99 |
Plot No.118 |
|
North |
45’3” |
47’0” |
|
South |
41’6” |
45’0” |
|
East |
50’0” |
58’9” |
|
West |
50’0” |
63’0” |
|
|
|
|
|
|
|
|
|
Total Area |
2162.50 sq. ft. |
2800.25 sq. ft. |
|
|
|
|
|
Total Area of the Site (Plot Nos. 99 + 118) |
4962.75 sq. ft. (2162.50 + 2800.25) |
|
|
|
|
|
|
Boundary Details
(For Plot No.99 and 118) |
|
|
|
North |
40’0” wide |
|
|
South |
30’0” wide |
|
|
East |
Plot No.100, 117 |
|
|
West |
Plot No.114/3
Part land |
|
|
|
|
|
|
Is the property situated in residential/ commercial/ mixed |
Residential |
|
|
|
|
|
|
Classification of location high/ middle poor class. |
High Class. |
|
|
|
|
|
|
Proximity to civic amenities like schools, hospitals, markets and
offices |
Near by. |
|
|
|
|
|
|
Means of proximity |
By means of 40’0” E-W Road. By means of 30’0” E-W Road. |
|
|
|
|
|
|
Is the property owners occupied or tenanted |
Owner’s Occupied. (Vacant site) |
|
|
|
|
|
|
Land rate adopted in this valuation |
Rs.400/- Sq. ft. |
|
|
|
|
|
|
Details about
the site: The above said site is located 6K.M from Karur, in the Inam Karur
Municipality Limit. Lot of Apartment works are going on in this area. It is
surrounded by lot of Residential Colonies (K.V.B Gayathri Nagar, Gothai
Nagar, Rainbow colony). It is surrounded by high class Residential buildings.
All basic amenities are available near the site. So it has good potential
value. |
||
|
|
||
|
S.R.O. rate per Sq. ft |
Rs.204/- |
|
|
Market rate / Sq. ft |
Rs.400/- to 450/- |
|
|
Fair market rate / Sq. ft |
Rs.400/- |
|
|
Forced sale value of the site / Sq. ft |
Rs.75% of F.M.V (75/100) x 400/- |
|
|
|
Rs.300/- |
|
AREA
CALCULATION: LAND VALUE
|
Value Based on |
Area of site per Sq. ft |
Rate / Sq. ft Rs. |
Value of site (Rs, in Millions) |
|
|
|
|
|
|
Fair Market
Value |
4962.75 |
400/- |
1.985 |
|
|
|
|
1.985 |
|
|
|
|
|
|
Guide Line Value
|
4962.75 |
204/- |
1.012 |
|
|
|
|
1.012 |
|
|
|
|
|
|
Forced |
4962.75 |
300/- |
1.489 |
|
|
|
|
1.489 |
a) Value of the
vacant sites based on Fair market value: Rs.1.985 Millions
b) Value of the
vacant sites based on Guide line value: Rs.1.012 Millions
c) Value of the
vacant sites based on Forced sale value: Rs.1.489 Millions
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
(OTHER
THAN AGRICULTURAL LANDS, PLANTATIONS, FORESTS AND MINES)
|
Purpose for which valuation is made |
To access the present market value and the forced sale value. |
||
|
|
|
||
|
Date as on which valuation is made |
23.11.2010 |
||
|
|
|
||
|
Name and address of the owner (as per document) |
Mr. M. Gopalakrishnan, S/o. Mr. M. V. Marappa Gounder, No.148, Karnarajapuram North, Sengunthapurarn Post, Karur Taluk and
District. |
||
|
|
|
||
|
Location of the property S. F. No. Plot Nos. At Village and Municipality Taluk and District |
411/4 Part 105, 111, 112 Inam Karur. Karur. |
||
|
|
|
||
|
Measurements and Area of site |
|
||
|
Dimensions |
Plot No.105 |
Plot No.111 |
Plot No.112 |
|
North |
40’0” |
40’0” |
40’3” |
|
South |
40’0” |
40’0” |
40’0” |
|
East |
50’0” |
49’9” |
43’0” |
|
West |
50’0” |
43’0” |
45’6” |
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|
Total Area |
2000.00 sq. ft. |
1832.00 sq. ft. |
1770.00 sq. ft. |
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|
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|
Total Area of the Site (Plot Nos. 105 + 111+112) |
5602.00 sq. ft. (2000.00 + 1832.00 + 1770.00) |
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Boundary Details
|
Plot No.105 |
Plot No.111 and 112 |
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|
North |
Plot No.112 |
40’0” wide |
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|
South |
30’0” wide |
Plot No.105,106 |
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East |
Plot No.106 |
30’0” wide N-S
road |
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|
West |
Plot No.104 |
Plot No.113 |
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Is the property situated in residential/ commercial/ mixed |
Residential |
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Classification of location high/ middle poor class. |
High Class. |
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Proximity to civic amenities like schools, hospitals, markets and
offices |
Near by. |
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Means of proximity |
By means of 40’0” |
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Is the property owners occupied or tenanted |
Owner’s Occupied. (Vacant site) |
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Land rate adopted in this valuation |
Rs.425/- Sq. ft. Rs.400/- sq. ft. |
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Details about
the site: The above said site is located 6K.M from Karur, in the Inam Karur Municipality
Limit. Lot of Apartment works are going on in this area. It is surrounded by
lot of Residential Colonies (K.V.B Gayathri Nagar, Gothai Nagar, Rainbow
colony). It is surrounded by high class Residential buildings. All basic
amenities are available near the site. So it has good potential value. |
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S.R.O. rate per Sq. ft |
Rs.204/- |
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Market rate / Sq. ft |
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|
Plot No.111 |
Rs.425/- to 450/- |
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|
Plot No.105, 112 |
Rs.400/- to 450/- |
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|
Fair market rate / Sq. ft |
|
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|
Plot No.111 |
Rs.425/- |
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|
Plot No.105, 112 |
Rs.400/- |
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|
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Forced sale value of the site / Sq. ft |
Rs.75% of F.M.V (75/100) x 425/- |
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|
Plot No.111 |
Rs.319/- |
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|
|
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Forced sale value of the site / Sq. ft |
Rs.75% of F.M.V (75/100) x 400/- |
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|
Plot No.105, 112 |
Rs.300/- |
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AREA
CALCULATION: LAND VALUE
|
Value Based on |
Area of site per Sq. ft |
Rate / Sq. ft Rs. |
Value of site (Rs, in Millions) |
|
|
|
|
|
|
Fair Market
Value |
|
|
|
|
Plot No.111 |
1832.00 |
425/- |
0.779 |
|
Plot No.105, 112 |
3770.00 |
400/- |
1.508 |
|
|
|
|
2.287 |
|
|
|
|
|
|
Guide Line Value
|
5602.00 |
204/- |
1.143 |
|
|
|
|
1.143 |
|
|
|
|
|
|
Forced |
|
|
|
|
Plot No.111 |
1832.00 |
319/- |
0.584 |
|
Plot No.105, 112 |
3770.00 |
300/- |
1.131 |
|
|
|
|
1.715 |
a) Value of the vacant
sites based on Fair market value: Rs.2.287 Millions
b) Value of the
vacant sites based on Guide line value: Rs.10.143 Millions
c) Value of the
vacant sites based on Forced sale value: Rs.1.715 Millions
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
(OTHER
THAN AGRICULTURAL LANDS, PLANTATIONS, FORESTS AND MINES)
|
Purpose for which valuation is made |
To access the present market value and the forced sale value. |
|
|
|
|
|
|
Date as on which valuation is made |
23.11.2010 |
|
|
|
|
|
|
Name and address of the owner (as per document) |
Mr. M. Gopalakrishnan, S/o. Mr. M. V. Marappa Gounder, No.148, Karnarajapuram North, Sengunthapurarn Post, Karur Taluk and
District. |
|
|
|
|
|
|
Location of the property S. F. No. Plot Nos. At Village and Municipality Taluk and District |
411/3 Part 101, 102 Inam Karur. Karur. |
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Measurements and Area of site (for Plot No.101 and 102) |
||
|
North |
80’0” |
|
|
South |
80’0” |
|
|
East |
50’0” |
|
|
West |
50’0” |
|
|
|
|
|
|
|
|
|
|
Total Area of the site |
4000.00 sq. ft. |
|
|
|
|
|
|
Boundary Details (for Plot
No.101 and 102) |
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|
|
North |
Plot No.115, 116 |
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South |
30’0” wide |
|
|
East |
Plot No.103 |
|
|
West |
Plot No.100 |
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|
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|
|
|
Is the property situated in residential/ commercial/ mixed |
Residential |
|
|
|
|
|
|
Classification of location high/ middle poor class. |
High Class. |
|
|
|
|
|
|
Proximity to civic amenities like schools, hospitals, markets and
offices |
Near by. |
|
|
|
|
|
|
Means of proximity |
By means of 30’0” E-W Road |
|
|
|
|
|
|
Is the property owners occupied or tenanted |
Owner’s Occupied. (Vacant site) |
|
|
|
|
|
|
Land rate adopted in this valuation |
Rs.400/- sq. ft. |
|
|
|
|
|
|
Details about
the site: The above said site is located 6K.M from Karur, in the Inam Karur Municipality
Limit. Lot of Apartment works are going on in this area. It is surrounded by
lot of Residential Colonies (K.V.B Gayathri Nagar, Gothai Nagar, Rainbow
colony). It is surrounded by high class Residential buildings. All basic
amenities are available near the site. So it has good potential value. |
||
|
|
||
|
S.R.O. rate per Sq. ft |
Rs.204/- |
|
|
|
|
|
|
Market rate / Sq. ft |
Rs.400/- to 450/- |
|
|
|
|
|
|
Fair market rate / Sq. ft |
Rs.400/- |
|
|
|
|
|
|
Forced sale value of the site / Sq. ft Plot No.111 |
Rs.75% of F.M.V (75/100) x 400/- Rs.300/- |
|
AREA
CALCULATION: LAND VALUE
|
Value Based on |
Area of site per Sq. ft |
Rate / Sq. ft Rs. |
Value of site (Rs, in Millions) |
|
|
|
|
|
|
Fair Market
Value |
4000.00 |
400/- |
1.600 |
|
|
|
|
1.600 |
|
|
|
|
|
|
Guide Line Value
|
4000.00 |
204/- |
0.816 |
|
|
|
|
0.816 |
|
|
|
|
|
|
Forced |
4000.00 |
300/- |
1.200 |
|
|
|
|
1.200 |
a) Value of the
vacant sites based on Fair market value: Rs.1.600 Millions
b) Value of the
vacant sites based on Guide line value: Rs.0.816 Million
c) Value of the
vacant sites based on Forced sale value: Rs.1.200 Millions
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
(OTHER
THAN AGRICULTURAL LANDS, PLANTATIONS, FORESTS AND MINES)
|
Purpose for which valuation is made |
To access the present market value and the forced sale value. |
|
|
|
|
Date as on which valuation is made |
23.11.2010 |
|
|
|
|
Name and address of the owner (as per document) |
Mr. M. Gopalakrishnan, S/o. Mr. M. V. Marappa Gounder, No.148, Karnarajapuram North, Sengunthapurarn Post, Karur Taluk and
District. |
|
|
|
|
Location of the property S. F. No. Plot Nos. At Village and Municipality Taluk and District |
411/3 Part, 411/4 Part 103, 104 Inam Karur. Karur. |
|
|
|
|
Measurements and Area of site (for Plot No.103 and 104) |
|
|
North |
80’0” |
|
South |
80’0” |
|
East |
50’0” |
|
West |
50’0” |
|
|
|
|
|
|
|
Total Area of the site |
4000.00 sq. ft. |
|
|
|
|
Boundary Details (for Plot
No.103 and 104) |
|
|
North |
Plot No.113, 114 |
|
South |
30’0” wide |
|
East |
Plot No.102 |
|
West |
Plot No.105 |
|
|
|
|
Is the property situated in residential/ commercial/ mixed |
Residential |
|
|
|
|
Classification of location high/ middle poor class. |
High Class. |
|
|
|
|
Proximity to civic amenities like schools, hospitals, markets and
offices |
Near by. |
|
|
|
|
Means of proximity |
By means of 30’0” E-W Road |
|
|
|
|
Is the property owners occupied or tenanted |
Owner’s Occupied. (Vacant site) |
|
|
|
|
Land rate adopted in this valuation |
Rs.400/- sq. ft. |
|
|
|
|
Details about
the site: The above said site is located 6K.M from Karur, in the Inam Karur
Municipality Limit. Lot of Apartment works are going on in this area. It is surrounded
by lot of Residential Colonies (K.V.B Gayathri Nagar, Gothai Nagar, Rainbow
colony). It is surrounded by high class Residential buildings. All basic
amenities are available near the site. So it has good potential value. |
|
|
|
|
|
S.R.O. rate per Sq. ft |
Rs.204/- |
|
|
|
|
Market rate / Sq. ft |
Rs.400/- to 450/- |
|
|
|
|
Fair market rate / Sq. ft |
Rs.400/- |
|
|
|
|
Forced sale value of the site / Sq. ft |
Rs.75% of F.M.V (75/100) x 400/- Rs.300/- |
AREA
CALCULATION: LAND VALUE
|
Value Based on |
Area of site per Sq. ft |
Rate / Sq. ft Rs. |
Value of site (Rs, in Millions) |
|
|
|
|
|
|
Fair Market
Value |
4000.00 |
400/- |
1.600 |
|
|
|
|
1.600 |
|
|
|
|
|
|
Guide Line Value
|
4000.00 |
204/- |
0.816 |
|
|
|
|
0.816 |
|
|
|
|
|
|
Forced |
4000.00 |
300/- |
1.200 |
|
|
|
|
1.200 |
a) Value of the
vacant sites based on Fair market value: Rs.1.600 Millions
b) Value of the
vacant sites based on Guide line value: Rs.0.816 Million
c) Value of the
vacant sites based on Forced sale value: Rs.1.200 Millions
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
·
R L Khanna and Company,
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Furniture and Fittings
· Generator
· Computers
· Table
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
|
1 |
Rs.73.54 |
|
Euro |
1 |
Rs.62.39 |
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.