MIRA
INFORM REPORT
|
Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
ABHRA BASU |
|
|
|
|
Registered
Office : |
Raikatpara, P. O. and District Jalpaiguri – 735101 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Year of
Establishment : |
2004 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ADSPB3998B |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Civil Construction Contracts. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject seems to be an established concern having moderate track. The valuation
report provided is lower than the proposal amount, However trade
relations are reported as fair. 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. Abhra Basu |
|
Designation : |
Proprietor |
LOCATIONS
|
Raikatpara, P. O.
and District Jalpaiguri – 735101, |
|
|
Mobile No.: |
91-9434411210 |
|
E-Mail : |
|
|
Area : |
1750 sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Abhra Basu |
|
Designation : |
Proprietor |
|
Address : |
Raikatrapa, P. O. and District |
|
Date of Birth/Age : |
18.04.1974 |
BUSINESS DETAILS
|
Line of Business : |
Civil Construction Contracts. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 days) |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
14 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank ·
State Bank of · Axis Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Basu Tarafder and Associates Chartered Accountant |
|
Address : |
Newrown, Jalpaiguri – 735101, |
|
Tel. No.: |
91-3561-231426 |
|
Mobile No.: |
91-9434603946 |
|
Email : |
|
|
PAN No.: |
AAFFB0525L |
|
|
|
|
Associates/Subsidiaries : |
· Asha Forms Private Limited Line of Business: Computer Stationery (Paper Forms) |
CAPITAL STRUCTURE
CAPITAL
ACCOUNTS
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2010 |
|
|
|
|
Opening Capital
B/F |
2.415 |
|
|
|
|
Add: Net Profit |
0.994 |
|
Agricultural
Income |
0.100 |
|
PPF Interests |
0.007 |
|
Interests |
0.011 |
|
|
3.527 |
|
|
|
|
Less: Drawings with TDS |
0.985 |
|
|
|
|
TOTAL |
2.542 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.542 |
0.118 |
0.250 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.542 |
0.118 |
0.250 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.771 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.350 |
0.350 |
0.000 |
|
|
TOTAL BORROWING |
1.121 |
0.350 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.663 |
0.468 |
0.250 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.493 |
0.005 |
0.005 |
|
|
Capital work-in-progress |
1.001 |
1.090 |
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 |
0.887
|
0.615 |
0.345 |
|
|
Other Current Assets |
1.565
|
0.490 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
2.452
|
1.105 |
0.345 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.157
|
0.937 |
0.071 |
|
|
Other Current Liabilities |
0.126
|
0.795 |
0.029 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.283
|
1.732 |
0.100 |
|
|
Net Current Assets |
2.169
|
(0.627) |
0.245 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3.663 |
0.468 |
0.250 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Work |
14.168 |
13.230 |
4.586 |
|
|
|
Interests on SB A/c |
0.000 |
0.000 |
0.000 |
|
|
|
Work in Process |
1.001 |
1.090 |
0.000 |
|
|
|
TOTAL |
15.169 |
14.320 |
4.586 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Opening Work in Process |
1.090 |
0.000 |
0.000 |
|
|
|
Purchases |
4.587 |
4.883 |
1.387 |
|
|
|
Labour Wages |
6.304 |
6.798 |
2.337 |
|
|
|
|
0.406 |
0.376 |
0.106 |
|
|
|
Staff Salary and Bonus |
0.226 |
0.206 |
0.143 |
|
|
|
Sales Tax TDS |
0.215 |
0.190 |
0.032 |
|
|
|
Travelling Expenses |
0.131 |
0.125 |
0.042 |
|
|
|
Telephone |
0.397 |
0.043 |
0.026 |
|
|
|
Machinery Hire Charges |
0.528 |
0.426 |
0.126 |
|
|
|
Provided Fund |
0.020 |
0.018 |
0.020 |
|
|
|
Other Expenses |
0.271 |
0.279 |
0.092 |
|
|
|
TOTAL |
14.175 |
13.344 |
4.311 |
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.994 |
0.976 |
0.275 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
6.55
|
6.82 |
5.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.55
|
6.82 |
5.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
33.75
|
87.93 |
78.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
8.27 |
1.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.55
|
17.64 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.66
|
0.64 |
3.45 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Estimated) |
(Projected) |
|
|
Gross Sales |
|
|
|
|
- Domestic Sales |
17.002 |
20.402 |
22.442 |
|
- Export Sales |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total |
17.002 |
20.402 |
22.442 |
|
|
|
|
|
|
Less Excise Duty |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total Income |
17.002 |
20.402 |
22.442 |
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to previous
year |
20.00% |
20.00% |
10.00% |
|
|
|
|
|
|
COST
OF SALES |
|
|
|
|
Raw Materials [Including stores and other items used in
the process of manufacture] |
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
|
[b] Indigenous |
5.611 |
6.529 |
7.181 |
|
|
|
|
|
|
Other Spares |
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
|
[b] Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Power and Fuel |
0.000 |
0.000 |
0.000 |
|
Direct Labour [Factory Wages and Salaries] |
7.651 |
9.181 |
10.099 |
|
Repairs and Maintenance |
0.000 |
0.000 |
0.000 |
|
Other Direct Expenses |
0.000 |
0.000 |
0.000 |
|
Depreciation |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
SUB
TOTAL |
13.262 |
15.710 |
17.280 |
|
|
|
|
|
|
Add : Opening Stocks – in – process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Deduct : Closing Stock – in – Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cost
of production |
13.262 |
15.710 |
17.280 |
|
|
|
|
|
|
Add : Opening Stock of finished goods |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Deduct: Closing Stock – in - finished goods |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total
Cost of Sales |
13.262 |
15.710 |
17.280 |
|
|
|
|
|
|
Selling general and administrative expenses |
2.391 |
2.511 |
2.637 |
|
|
|
|
|
|
SUB
– TOTAL |
15.653 |
18.221 |
19.917 |
|
|
|
|
|
|
Operation profit before interest |
1.349 |
2.181 |
2.525 |
|
|
|
|
|
|
Interest |
0.100 |
0.600 |
0.600 |
|
|
|
|
|
|
Operating profit after interest |
1.249 |
1.581 |
1.925 |
|
|
|
|
|
|
Add : other non-operating income |
0.125 |
0.130 |
0.135 |
|
Sub
– Total [Income] |
0.125 |
0.130 |
0.135 |
|
|
|
|
|
|
Deduct other non-operating expenses |
0.000 |
0.000 |
0.000 |
|
Sub
total [Expenses] |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net of other non-operating income / expenses |
0.125 |
0.130 |
0.135 |
|
|
|
|
|
|
Profit before tax / Loss |
1.374 |
1.711 |
2.060 |
|
|
|
|
|
|
Provision for taxes |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net Profit / Loss |
1.374 |
1.711 |
2.060 |
|
|
|
|
|
|
Dividend Paid/ Drawings |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
Retained profit |
0.874 |
1.211 |
1.560 |
|
Retained profit / Net profit [%] |
63.61% |
70.78% |
75.73% |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Estimated) |
(Projected) |
|
|
CURRENT
LIABILITIES |
|
|
|
|
Short – Term borrowings from banks [including bill
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
|
- From applicant bank |
4.000 |
4.000 |
4.000 |
|
- From other banks |
0.000 |
0.000 |
0.000 |
|
- (of which BP & BD ) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub
Total |
4.000 |
4.000 |
4.000 |
|
|
|
|
|
|
Short Term Borrowings – Others |
0.000 |
0.000 |
0.000 |
|
Sundry creditors [Trade] |
0.000 |
0.000 |
0.000 |
|
Advance payments from customers/ Deposits from dealers |
0.000 |
0.000 |
0.000 |
|
Provision for tax |
0.000 |
0.000 |
0.000 |
|
Dividend payable |
0.500 |
0.500 |
0.500 |
|
Other statutory liabilities |
0.000 |
0.000 |
0.000 |
|
Deposits/ Installments of term loans/ DPGs/ debentures,
etc [due within one month] For New Project |
0.000 |
0.000 |
0.000 |
|
Other current liabilities and provisions [due within one
year] [Specify major items] |
(0.480) |
(0.480) |
(0.480) |
|
|
|
|
|
|
SUB TOTAL |
0.020 |
0.020 |
0.020 |
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
4.020 |
4.020 |
4.020 |
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
Debentures [not maturing within one year] |
0.000 |
0.000 |
0.000 |
|
Preference Shares [Redeemable after 1 year] |
0.000 |
0.000 |
0.000 |
|
Term loans [excluding installments payable within
one year] |
0.000 |
0.000 |
0.000 |
|
Loans (Unsecured from Promoters) |
0.000 |
0.000 |
0.000 |
|
Deferred Sales Tax / Deferred Loan Deferred Payment Credit
[Excluding installments due within one year] |
0.000 |
0.000 |
0.000 |
|
Term deposit [repayable after one year] |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL TERM
LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
OUT LIABILITIES |
4.020 |
4.020 |
4.020 |
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
Share Capital |
1.547 |
1.547 |
1.547 |
|
Share Application Money |
0.000 |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
|
Shares Premium |
0.000 |
0.000 |
0.000 |
|
Other reserve |
0.000 |
0.000 |
0.000 |
|
Surplus [+] or deficit [-] in Profit and Loss Account |
1.871 |
3.082 |
4.642 |
|
Other (Specify) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
NET WORTH |
3.418 |
4.629 |
6.189 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
7.438 |
8.649 |
10.209 |
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.989 |
1.210 |
2.089 |
|
Investments |
0.000 |
0.000 |
0.000 |
|
Receivable |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
INVENTORY
|
|
|
|
|
|
|
|
|
|
Raw Material Consumed |
|
|
|
|
- Imported |
0.000 |
0.000 |
0.000 |
|
- Indigenous |
4.192 |
5.031 |
5.534 |
|
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
0.000 |
|
Finished Goods |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other Consumable Spares |
|
|
|
|
- Imported |
0.000 |
0.000 |
0.000 |
|
- Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advances Suppliers of Stores and Spares |
0.000 |
0.000 |
0.000 |
|
Advances Payment of Taxes
|
0.000 |
0.000 |
0.000 |
|
Other Current Assets |
1.766 |
1.917 |
2.095 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
6.947 |
8.158 |
9.718 |
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
Gross Block (Land and Building, Machinery,
Work-In-Progress) |
0.534 |
0.534 |
0.534 |
|
Depreciation to date |
0.043 |
0.043 |
0.043 |
|
|
|
|
|
|
NET BLOCK |
0.491 |
0.491 |
0.491 |
|
|
|
|
|
|
OTHER
NON – CURRENT ASSETS |
|
|
|
|
Investments/ book/ debts/ advances/ deposits which are not
Current Assts |
|
|
|
|
[a] Investments in Subsidiary companies/ affiliates |
0.000 |
0.000 |
0.000 |
|
[b] Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
ii] Advances to suppliers of capital goods and contractors
|
0.000 |
0.000 |
0.000 |
|
iii] Deferred receivables [maturity exceeding one year] |
0.000 |
0.000 |
0.000 |
|
iv] Others |
0.000 |
0.000 |
0.000 |
|
Miscellaneous Deposits |
0.000 |
0.000 |
0.000 |
|
Non consumables Stores and Spares |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other non – current assets including dues from directors
(Deferred Tax Assets) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Intangible assets [Patents, goodwill, prelim, expenses,
bad/ doubtful expenses Not provided for etc.] |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
ASSETS |
7.438 |
8.649 |
10.209 |
|
|
|
|
|
|
TANGIBLE
NET WORTH |
3.418 |
4.629 |
6.189 |
|
|
|
|
|
|
NET
WORKING CAPITAL |
2.927 |
4.138 |
5.698 |
|
|
|
|
|
|
Current Ratio |
1.73 |
2.03 |
2.42 |
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net
Worth (TOL/ TNW ) |
1.18 |
0.87 |
0.65 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENTS OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Estimated) |
(Projected) |
|
|
|
|
|
|
|
A CURRENT ASSETS |
|
|
|
|
Raw Materials |
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
0.000 |
|
[b] Indigenous |
4.192 |
5.031 |
5.534 |
|
Months Consumption |
(8.97) |
(9.25) |
(9.25) |
|
|
|
|
|
|
Other consumable spares |
|
|
|
|
Excluding those included 1 above |
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
0.000 |
|
[b] Indigenous |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Stock in process |
0.000 |
0.000 |
0.000 |
|
Months cost of production |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Finished goods |
0.000 |
0.000 |
0.000 |
|
Months cost of sales |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
0.000 |
0.000 |
0.000 |
|
Months domestic sales |
0.000 |
0.000 |
0.000 |
|
[excluding deferred payment sales] |
|
|
|
|
|
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers months export sales] |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advances to suppliers of raw materials and
stores / spares consumable |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
2.755 |
3.127 |
4.184 |
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
6.947 |
8.158 |
9.718 |
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advances from customers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Statutory liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other current liability including short term
borrowing dividend payable, installment of DPG public deposit, debentures etc
|
0.020 |
0.020 |
0.020 |
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
0.020 |
0.020 |
0.020 |
------------------------------------------------------------------------------------------------------------------------------
MR. ABHRA BASU- PROPRIETOR
BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
31.03.2009 |
Particulars |
31.03.2009 |
|
|
|
|
|
|
Previous Balance |
1.750 |
PPF |
0.094 |
|
|
|
Contractors Business |
0.118 |
|
Add: Income |
0.976 |
Advance Neotech |
0.210 |
|
Agri. Income |
0.098 |
SBI, Town Branch Jal No.10176349138 |
0.001 |
|
PPF Interests |
0.007 |
P.O. S/B Account |
0.011 |
|
Interests |
0.011 |
Land B/F |
0.350 |
|
|
|
Asha Forms Private Limited |
0.765 |
|
Less: Drawings |
|
|
|
|
Personal |
0.060 |
Car B/F |
0.108 |
|
LIP |
0.107 |
Add: Installments 4343 x 12 |
0.052 |
|
TDS |
0.256 |
Less: Depreciation |
0.024 |
|
Mediclais |
0.004 |
Closing
Balance |
0.730 |
|
|
|
|
|
|
|
|
|
|
|
Total |
2.415 |
Total |
2.415 |
MR. ABHRA BASU- PROPRIETOR
BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
31.03.2008 |
Particulars |
31.03.2008 |
|
|
|
|
|
|
Previous Balance |
1.547 |
PPF |
0.087 |
|
|
|
Contractors Business |
0.250 |
|
Add: Income |
0.275 |
SBI, Town Branch Jal No.10176349138 |
0.002 |
|
Agri. Income |
0.095 |
P.O. S/B Account |
0.001 |
|
PPF Interests |
0.006 |
Niran B/F |
0.020 |
|
|
|
Land B/F |
0.350 |
|
Less: Drawings |
|
Olive Marketing |
0.020 |
|
Personal |
0.070 |
Best Harvest
|
0.020 |
|
LIP |
0.020 |
Asha Forms Private Limited |
0.248 |
|
TDS |
0.077 |
Car B/F |
0.075 |
|
Mediclais |
0.006 |
Add: Installments 4343 x 12 |
0.052 |
|
|
|
Less: Depreciation |
0.019 |
|
|
|
Closing
Balance |
0.644 |
|
|
|
|
|
|
Total |
1.750 |
Total |
1.750 |
------------------------------------------------------------------------------------------------------------------------------
BRIEF
DESCRIPTION OF PROPERTY
LAND:
The land owned by Mr. Abhra Basu S/o Mr. Asit Kr.
Basu Vide deed no. I-820, 1700 and 1701 dated 02.03.06, 20.03.06 located at
Rajkat Para, Near Soni Mandir,
To ascertain the fair market value undersigned
visited the spot and made some discrete search and upon enquiry, the cost of
land per bigha should not be less thamn Rs.3,00,000/- although the rate in
between Rs.3,00,000.00 to Rs.3,50,000.00.
However considering lower rate in to the
account Rs.3,00,000/- for the land measuring 11.23 katha arrives at
Rs.33,69,000.00
VALUATION
REPORT
|
Purpose for which valuation is made |
For Assessment of Fair Market Valuation. |
|
|
|
|
a] Date of inspection b] Date on which valuation s made |
31.01.2011 01.02.2011 |
|
|
|
|
Lists of documents produced for perusal |
Photo copy of deed. |
|
|
|
|
Name of the owners and his/her/their
address[es] with Phone No.[Details of share of each owner in case of joint
ownership] |
Mr. Abhra Basu, Raikat Para, Jalpaiguri Cell: 91-9434411110. |
|
|
|
|
Location, name of street & ward No |
As Stated. |
|
|
|
|
A] Holding no. b] Door No./ Kh. No. c] T.S No. / Village d] Ward / Taluka e] Mandal / District |
2746. Raikat Para. 01. Jalpaiguri. |
|
|
|
|
Full postal Address of the property |
As stated. |
|
|
|
|
Is the property situated in the City /
Town/ Residential area/ Commercial
area/ Industrial area/ Mixed area |
Residential / Commercial Area |
|
|
|
|
Classification of the area a] High / Middle / Poor b] Urban / Semi Urban / Rural |
Middle Class Area. |
|
|
|
|
Coming under Corporation limit / Village
Panchayet / Municipality |
Yes Under Municipality. |
|
|
|
|
Boundaries of the property |
|
|
North South Lust West |
H/o Asit Basu. Municipal Road H/o Santanu Sarkar Road |
|
|
|
|
Extent of the site I Building / Flat / |
Vacant Land |
|
|
|
|
Whether occupied by the owner / tenant? If
occupied by the tenant since how long? |
Under Owners control |
|
|
|
|
Value of the property |
Rs.3.369 Millions |
|
|
|
|
Total Value of Property |
|
|
A] Value of the Land |
Rs.3.369 Millions |
|
|
|
|
Is the building Owner occupied / Tenanted
/Both? |
Yes, under owner’s possession |
|
|
|
|
Proximity to civic amenities i.e. school, hospitals,
offices, markets, cinemas etc. |
1.00 Km., |
|
|
|
|
Means of proximity to surface communications
by which the locality is served |
Approachable by all means of surface
communications. |
|
|
|
|
Roads, Streets or lanes on which the land is abutting |
|
|
|
|
|
Is the land free hold |
Yes, Free |
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.45.18 |
|
|
1 |
Rs.73.04 |
|
Euro |
1 |
Rs.61.43 |
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.