MIRA
INFORM REPORT
|
Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
RADHA MADHAV PRINTS |
|
|
|
|
Registered
Office : |
M – 3689-92, Millennium Textile Market, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.10.2010 |
|
|
|
|
Year of
Establishment : |
2004 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ADAPM3569M |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Art Silk Cloths (Dress Materials for
Women). |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject seems to be an established concern having satisfactory track.
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 |
LOCATIONS
|
Registered Office : |
M – 3689-92, Millennium Textile Market, |
|
Tel. No.: |
91-261-2324244 |
|
E-Mail : |
|
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Pawan Kumar Modi |
|
Designation : |
Proprietor |
|
Address : |
E-410, |
|
Date of Birth/Age : |
01.07.1975 |
|
Qualification : |
B. Com |
|
Experience : |
10 years |
BUSINESS DETAILS
|
Line of Business : |
Trading of Art Silk Cloths (Dress Materials for Women). |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 days) |
|
|
|
|
Purchasing : |
Credit (90 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
|
|
|
|
No. of Employees : |
5 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank · Oriental Bank of Commerce Abhushan Complex, |
|
|
|
|
Facilities : |
Cash Credit Limit of Rs.9.800 Million and Housing Loan of Rs.2.000 Millions
from Oriental Bank of Commerce. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. Jagnani and Company Chartered Accountant |
|
Address : |
562, |
|
Tel. No.: |
91-261-2352754 |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.4.779 Millions |
|
Borrowed : |
Rs.2.218 Millions |
|
Total : |
Rs.6.997
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.10.2010 (7 Months) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
4.779 |
1.726 |
1.351 |
0.933 |
|
|
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 |
4.779 |
1.726 |
1.351 |
0.933 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
(0.088) |
5.383 |
3.892 |
0.000 |
|
|
2] Unsecured Loans |
2.306 |
3.629 |
2.192 |
2.137 |
|
|
TOTAL BORROWING |
2.218 |
9.012 |
6.084 |
2.137 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
6.997 |
10.738 |
7.435 |
3.070 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.033 |
0.032 |
0.018 |
0.020 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.227 |
0.228 |
0.210 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
11.395
|
7.405
|
6.697 |
2.011 |
|
|
Sundry Debtors |
16.841
|
10.405
|
7.572 |
1.862 |
|
|
Cash & Bank Balances |
(10.986)
|
0.100
|
0.079 |
0.121 |
|
|
Other Current Assets |
0.000
|
0.002
|
0.002 |
0.002 |
|
|
Loans & Advances |
0.187
|
0.185
|
0.165 |
0.050 |
|
Total
Current Assets |
17.437
|
18.097 |
14.515 |
4.046 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
10.700
|
6.432
|
7.182 |
0.966 |
|
|
Other Current Liabilities and Provisions |
0.000
|
1.187
|
0.126 |
0.030 |
|
Total
Current Liabilities |
10.700
|
7.619 |
7.308 |
0.996 |
|
|
Net Current Assets |
6.737
|
10.478 |
7.207 |
3.050 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
6.997 |
10.738 |
7.435 |
3.070 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.10.2010 (7 Months) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
34.727 |
62.015 |
33.221 |
14.293 |
|
|
|
Other Income |
0.001 |
0.021 |
0.025 |
0.001 |
|
|
|
TOTAL (A) |
34.728 |
62.036 |
33.246 |
14.294 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
24.959 |
39.561 |
21.646 |
7.493 |
|
|
|
Job Charges A/c |
4.416 |
11.482 |
5.318 |
4.014 |
|
|
|
Processing Charges A/c |
2.851 |
6.429 |
3.846 |
1.545 |
|
|
|
Commission Expenses |
0.285 |
0.511 |
0.000 |
0.025 |
|
|
|
Cutting Expenses |
0.181 |
0.294 |
0.160 |
0.053 |
|
|
|
Office Expenses |
0.044 |
0.076 |
0.042 |
0.000 |
|
|
|
Packing A/c |
0.442 |
0.770 |
0.399 |
0.283 |
|
|
|
Salary Expenses |
0.330 |
0.444 |
0.217 |
0.126 |
|
|
|
Shop Rent |
0.090 |
0.130 |
0.081 |
0.000 |
|
|
|
Telephone Expenses |
0.037 |
0.050 |
0.044 |
0.011 |
|
|
|
Travelling Expenses |
0.033 |
0.049 |
0.024 |
0.000 |
|
|
|
Other Expenses |
0.240 |
0.639 |
0.347 |
0.150 |
|
|
|
TOTAL (B) |
33.908 |
60.435 |
32.124 |
13.700 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
0.820 |
1.601 |
1.122 |
0.594 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.419 |
0.881 |
0.475 |
0.234 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.401 |
0.720 |
0.647 |
0.360 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.016 |
0.028 |
0.012 |
|
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F) (G) |
0.401 |
0.704 |
0.619 |
0.348 |
|
KEY RATIOS
|
PARTICULARS |
|
31.10.2010 (7 Months) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.15
|
1.13 |
1.86 |
2.43 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.15
|
1.14 |
1.86 |
2.43 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.30
|
3.88 |
4.26 |
8.56 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.41 |
0.46 |
0.37 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.70
|
9.64 |
9.91 |
3.36 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63
|
2.38 |
1.99 |
4.06 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
PARTICULARS |
2010-11 |
2011-12 |
|
|
(Estimated) |
(Projected) |
|
Gross Sales |
|
|
|
Sales – Domestic |
80.000 |
88.000 |
|
Sales – Export |
0.000 |
0.000 |
|
|
|
|
|
Less: Excise Duty |
-- |
-- |
|
|
|
|
|
Net Sales |
80.000 |
88.000 |
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
29.00 |
10.00 |
|
|
|
|
|
COST OF SALES |
|
|
|
Raw Materials [Including stores and other items used in
the process of manufacture] |
|
|
|
- Imported |
0.000 |
0.000 |
|
- Indigenous |
56.706 |
56.440 |
|
|
|
|
|
Power and fuel |
0.000 |
0.000 |
|
Packing materials |
0.000 |
0.000 |
|
Direct Labour (Wages) |
0.000 |
0.000 |
|
Repairs and Maintenance |
0.000 |
0.000 |
|
Other Manufacturing Expenses |
23.498 |
25.849 |
|
Depreciation |
0.019 |
0.008 |
|
|
|
|
|
Sub Total |
80.223 |
82.297 |
|
|
|
|
|
Add : Opening Stocks - of Stock in Process |
0.000 |
0.000 |
|
|
|
|
|
Sub Total |
80.223 |
82.297 |
|
|
|
|
|
Deduct : Closing Stock of Stock in Process |
0.000 |
0.000 |
|
|
|
|
|
Cost of
Production |
80.223 |
82.297 |
|
|
|
|
|
Add : Opening Stocks - of Finished Goods |
7.405 |
13.333 |
|
|
|
|
|
Sub Total |
87.628 |
95.630 |
|
|
|
|
|
Deduct : Closing Stock of Finished Goods |
13.333 |
14.663 |
|
|
|
|
|
Total
Cost of Sales |
74.295 |
80.967 |
|
|
|
|
|
Selling, General and Administrative Expenses |
3.268 |
3.594 |
|
|
|
|
|
Sub Total |
77.563 |
84.561 |
|
|
|
|
|
Operating Profit Before Interests |
2.437 |
3.439 |
|
|
|
|
|
Interests |
1.553 |
2.156 |
|
|
|
|
|
Operating Profit After Interests
|
0.884 |
1.283 |
|
|
|
|
|
Add: Other non-operating income |
0.016 |
0.017 |
|
Sub Total
(Income) |
0.016 |
0.017 |
|
|
|
|
|
Less: Other Non-operating Expenses |
0.000 |
0.000 |
|
Sub Total
(Expenses) |
0.000 |
0.000 |
|
|
|
|
|
Net of other Non-operating Income/ expenses |
0.016 |
0.017 |
|
|
|
|
|
Profit before
tax / loss |
0.900 |
1.300 |
|
|
|
|
|
Provisions for Taxes |
0.098 |
0.221 |
|
|
|
|
|
Net Profit/Loss |
0.802 |
1.079 |
|
|
|
|
|
Retained Profit |
0.802 |
1.079 |
|
|
|
|
|
Retained
Profit/Net profit (%) |
100.00 |
10.0.00 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS.
IN MILLIONS)
|
PARTICULARS |
2010-11 |
2011-12 |
|
|
(Estimated) |
(Projected) |
|
CURRENT
LIABILITIES |
|
|
|
Short – Term borrowings from banks [including bill
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
I] from Applicant Bank
|
15.000 |
15.000 |
|
II] From Others Banks |
0.000 |
0.000 |
|
III] (Of Which BP and BD) |
0.000 |
0.000 |
|
|
|
|
|
Sub – Total |
15.000 |
15.000 |
|
|
|
|
|
Short-term borrowing from other |
0.000 |
0.000 |
|
Sundry Creditor (Trade) |
2.500 |
3.900 |
|
Advance/Payment from Customers/Deposit from dealers |
0.000 |
0.000 |
|
Other current liabilities and provisions |
1.000 |
1.000 |
|
|
|
|
|
Sub Total |
3.500 |
4.900 |
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
18.500 |
19.900 |
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
Debenture (not maturing within one year) |
0.000 |
0.000 |
|
Preference shares redeemable after one year |
0.000 |
0.000 |
|
Term loan (excluding) installments |
0.000 |
0.000 |
|
Unsecured Loans and Deposits |
0.000 |
0.000 |
|
Deferred payment credits (Excluding installments due within one year) |
0.000 |
0.000 |
|
Term deposit (repayable after one year) |
2.130 |
2.130 |
|
Other term liabilities |
0.000 |
0.000 |
|
|
|
|
|
TOTAL TERM
LIABILITIES |
2.130 |
2.130 |
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
20.630 |
22.030 |
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
Ordinary Shares Capital |
4.728 |
5.807 |
|
General Reserve |
0.000 |
0.000 |
|
Surplus (+) or Deficit (-) in Profit and loss account |
0.000 |
0.000 |
|
|
|
|
|
TOTAL NET WORTH |
4.728 |
5.807 |
|
|
|
|
|
TOTAL
LIABILITIES |
25.358 |
27.837 |
|
|
|
|
|
ASSETS CURRENT
ASSETS |
|
|
|
Cash and Bank Balances |
0.099 |
0.073 |
|
|
|
|
|
I) Receivables other than deferred and exports |
11.667 |
12.833 |
|
(Including bill purchased and discounted by bankers) |
|
|
|
|
|
|
|
Inventory: |
|
|
|
Raw Materials |
0.000 |
0.000 |
|
Stock-in-traders |
0.000 |
0.000 |
|
Finished Goods |
13.333 |
14.663 |
|
Advances to supplier of raw material and stores/spares |
0.000 |
0.000 |
|
Advance Payment of Tax |
0.000 |
0.000 |
|
Other current assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL CURRENT
ASSETS |
25.343 |
27.830 |
|
|
|
|
|
FIXED ASSETS |
|
|
|
Gross Block |
0.048 |
0.048 |
|
|
|
|
|
Depreciation to Date |
0.035 |
0.043 |
|
|
|
|
|
Net Block |
0.013 |
0.005 |
|
|
|
|
|
OTHER
NON-CURRENT ASSETS |
0.002 |
0.002 |
|
|
|
|
|
Intangible Assets (patents, goodwill) prelim exp bad/doubtful debts
not provided for etc. |
0.000 |
0.000 |
|
|
|
|
|
TOTAL ASSETS |
25.358 |
27.837 |
|
|
|
|
|
Tangible Net Worth |
6.843 |
7.930 |
|
|
|
|
|
Current ratio |
1.37 |
1.40 |
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES/ TANGIBLE NET WORTH |
4.36 |
3.79 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF
CURRENT ASSETS AND CURRENT LIABILITIES
(RS
IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
|
|
(Estimated) |
(Projected) |
|
Raw Materials |
|
|
|
[a] Imported |
0.000 |
0.000 |
|
Days Consumption |
0.000 |
0.000 |
|
[b] Indigenous |
0.000 |
0.000 |
|
Days Consumption |
0.000 |
0.000 |
|
|
|
|
|
Other consumable spares |
|
|
|
Excluding those included 1 above |
|
|
|
[a] Imported |
0.000 |
0.000 |
|
Days Consumption |
0.000 |
0.000 |
|
[b] Indigenous |
0.000 |
0.000 |
|
Days Consumption |
0.000 |
0.000 |
|
|
|
|
|
Stock in process |
0.000 |
0.000 |
|
Days cost of production |
0.000 |
0.000 |
|
|
|
|
|
Finished goods |
13.333 |
14.663 |
|
Days cost of sales |
1.83 |
1.84 |
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
11.667 |
12.833 |
|
Months domestic sales |
1.75 |
1.75 |
|
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers] |
0.000 |
0.000 |
|
Months export sales |
0.000 |
0.000 |
|
|
|
|
|
Advances to suppliers of raw materials and stores/
spares consumable |
0.000 |
0.000 |
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
0.343 |
0.334 |
|
|
|
|
|
TOTAL CURRENT ASSETS |
25.343 |
27.830 |
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
2.500 |
3.900 |
|
Months Consumption |
0.53 |
0.83 |
|
|
|
|
|
Advances from customers |
0.000 |
0.000 |
|
|
|
|
|
Statutory liabilities |
0.000 |
0.000 |
|
|
|
|
|
Other current liability including short term
borrowing dividend payable, installment of DPG public deposit, debentures etc
|
1.000 |
1.000 |
|
|
|
|
|
TOTAL |
3.500 |
4.900 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF
MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
|
|
(Estimated) |
(Projected) |
|
FIRST METHOD OF
LENDING |
|
|
|
Total current assets |
25.343 |
27.830 |
|
|
|
|
|
Current Liabilities |
3.500 |
4.900 |
|
[Other than bank borrowings] |
|
|
|
|
|
|
|
Working capital gap [WCG] |
21.843 |
22.930 |
|
|
|
|
|
Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables |
5.461 |
5.733 |
|
|
|
|
|
Actual / Projected net working capital |
6.843 |
7.930 |
|
|
|
|
|
Item 3 minus item 4 |
16.382 |
17.198 |
|
|
|
|
|
item 3 minus item 5 |
15.000 |
15.000 |
|
|
|
|
|
Maximum permissible bank finance |
15.000 |
15.000 |
|
|
|
|
|
Excess borrowings, if any representing shortfall in NWC [4-5] |
--- |
--- |
|
|
|
|
|
SECOND METHOD OF
LENDING |
|
|
|
|
|
|
|
Total current assets |
25.343 |
27.830 |
|
|
|
|
|
Current Liabilities |
3.500 |
4.900 |
|
[Other than bank borrowings] |
|
|
|
|
|
|
|
Working capital gap [WCG] |
21.843 |
22.930 |
|
|
|
|
|
Min. stipulated Net Working Capital – 25 % [Export receivable to be excluded under both methods] |
6.336 |
6.958 |
|
|
|
|
|
Actual / Projected net working capital |
6.843 |
7.930 |
|
|
|
|
|
Item 3 minus item 4 |
15.507 |
15.973 |
|
|
|
|
|
item 3 minus item 5 |
15.000 |
15.000 |
|
|
|
|
|
Maximum permissible bank finance [item 6 or 7, whichever is lower] |
15.000 |
15.000 |
|
|
|
|
|
Excess borrowings, if any representing shortfall in NWC |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW
STATEMENT
(RS IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
|
|
(Estimated) |
(Projected) |
|
SOURCES |
|
|
|
|
|
|
|
Net Profit (After Tax) |
0.802 |
1.079 |
|
Depreciation |
0.019 |
0.008 |
|
Increase in Capital |
2.200 |
0.000 |
|
Increase in Term Liabilities |
0.000 |
0.000 |
|
Decrease in: |
|
|
|
- Fixed Assets |
0.000 |
0.000 |
|
- Other Non Current Assets |
0.000 |
0.000 |
|
- Intangible Assets |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
|
|
|
|
|
SUB TOTAL |
3.021 |
1.087 |
|
|
|
|
|
USES |
|
|
|
|
|
|
|
Net Loss |
0.000 |
0.000 |
|
Decrease in Capital |
1.500 |
0.000 |
|
Decrease in Term Liabilities (Including Public deposits) |
0.000 |
0.000 |
|
Increase in: |
|
|
|
- Fixed Assets |
0.000 |
0.000 |
|
- Other Non Current Assets |
0.000 |
0.000 |
|
- Intangible Assets |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
|
|
|
|
|
SUB TOTAL |
1.500 |
0.000 |
|
|
|
|
|
Long Term Surplus (+) Deficit (-) |
1.521 |
1.087 |
|
|
|
|
|
Increase/ decrease in Current Assets |
7.020 |
2.487 |
|
|
|
|
|
Increase/ decrease in current Liabilities other than Bank Borrowings |
(4.118) |
1.400 |
|
|
|
|
|
Increase / Decrease in Working Capital Gap |
11.138 |
1.087 |
|
|
|
|
|
Net Surplus [+] / Deficit [-] [Difference of 3 & 6] |
(9.617) |
0.000 |
|
|
|
|
|
Increase / Decrease in Bank Borrowings |
9.617 |
0.000 |
|
|
|
|
|
INCREASE / DECREASE IN NET SALES |
17.985 |
8.000 |
|
|
|
|
|
BREAK UP OF (4) |
|
|
|
|
|
|
|
Increase/ Decrease in Raw Materials |
0.000 |
0.000 |
|
|
|
|
|
Increase/ Decrease in Stocks in Process |
0.000 |
0.000 |
|
|
|
|
|
Increase/ Decrease in Finished Goods |
5.928 |
1.330 |
|
|
|
|
|
Increase/ Decrease in Receivables |
|
|
|
- Domestic |
1.262 |
1.166 |
|
- Export |
0.000 |
0.000 |
|
|
|
|
|
Increase/ Decrease in Stores and Spares |
0.000 |
0.00 |
|
|
|
|
|
Increase/ Decrease in Other current Assets |
(0.170) |
(0.009) |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME OF THE APPLICANT: MR.
PAVAN KUMAR MODI
NAME OF THE CO-APPLICANT: MS.
BABITA MODI
(RS. IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Address of the property with survey No./Door No. etc. |
E -401, (50% Shares) |
E -401, (50% Shares) |
|
|
|
|
|
Description: Land/ Site/ Building |
Flat |
Flat |
|
|
|
|
|
Commercial/ Residential/ Agricultural |
Residential |
Residential |
|
|
|
|
|
Area / extent of Land |
3600 sq. ft. |
3600 sq. ft. |
|
|
|
|
|
Present Market/
Assessed Value |
Rs.7.500 Millions |
Rs.7.500 Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in Which
Investment is made |
Radha Madhav |
Radha Madhav Surya Syam Silk
Mills S. V. Creation |
|
|
|
|
|
Present Value of
Investment |
Rs.1.726 Millions |
Rs.1.488 Millions |
OTHERS
ASSETS
|
Cash In Hand |
-- |
0.009 |
|
|
|
|
|
Other Assets if any (Bank) |
-- |
0.003 |
|
|
|
|
|
Total Value of
Assets |
|
Rs.0.012 Million |
|
TOTAL ASSETS |
RS. 9.226 MILLIONS |
RS.9.000 MILLIONS |
LIABILITIES
FURNISH LOANS
AVAILED FROM BANKS/ FINANCIAL INSTITUTIONS AN OTHER BORROWINGS
|
Nature / Type of Loan |
-- |
0.036 |
|
|
|
|
|
Amount of
Outstanding (Total
Liabilities) |
-- |
Rs.0.036 Million |
|
NET WORTH |
RS.9.226 MILLIONS |
RS.8.964 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
As per
Audited Financial Statement of Mr. Jugal Kishore Modi S/o Mr. Matrulal Modi
(PAN No.: ABAPM8395D), Jhunjhunu (Rajasthan); They hereby certify that Net
Worth of Mr.Jugal Kishore Modi as on 31.03.2010 is of Rs.2.017 Millions.
------------------------------------------------------------------------------------------------------------------------------
VISIT REPORT
|
Name of the unit/ Residence |
M/s Radha Madhav Prints (Prop. Mr. Pawan Kumar Modi) |
|
|
|
|
Site Visited |
Commercial Shop situated at Shop No. M3 689-92, Millenium Textile
Market, Ring Road, Surat and Residential flat situated at E-410, Surya
Palace, City Light Road, Surat |
|
|
|
|
Date of Visit |
22.01.2011 |
|
|
|
|
Name of the Visiting Officer |
Senior Manager |
|
|
|
|
Purpose |
Inspection of business activity and levels of stock at Shop and
Residence offered for collateral security for working capital limit of Rs.15.000
Millions and Take over Hosing Loan of Rs.195.000 Millions from Oriental Bank
of Commerce, |
|
|
|
|
Land Mark |
Shop: Near Kamela Darwaja, Residence: Anvarath Dwai. |
|
|
|
|
Observation and Comments |
The Business activity at the shop was going smoothly. The party was
having enough stock of Art Silk Cloth. Party explained that stock is also
lying with Process Houses and embroidery /value Addition Units. The party is
maintaining computerized accounts. The Flat is also luxurious and located in
posh Area of Surat. It is 4 BHK spacious Flat and complex is having all
facilities like Swimming pool, Gym, Landscape garden, security system,
Separate servant Room for each Flat holder etc. |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY VALUATION REPORT
GENERAL
INFORMATION
|
Name of the party /purchaser and address |
(1) Mrs. Babita Pawan Modi (2) Mr. Pawan Jugalkishor Modi 903, Madhulika Apartment, |
|
|
|
|
Name/s of the reported owner / Name/s of persons in whose name/s the
property registered and address |
(1) Mrs. Babita Pawan Modi (2) Mr. Pawan Jugalkishor Modi 903, Madhulika Apartment, |
|
|
|
|
Purpose of Valuation |
Estimated Fair Market Value for Bank Loan Purpose |
|
|
|
|
List of Documents produced for perusal |
Photostate copy of Sale Deed Regn. No. 7229, dated: 01.06.2010 |
|
|
|
|
Date of Inspection |
11.01.2011 |
|
|
|
|
Date of Valuation |
11.01.2011 |
|
|
|
|
Approximate distance from the branch to the property |
About 4 Km. |
|
|
|
|
Situation / location / brief description of the land /site and brief description
of the building |
Flat No. E-410 on 4th Floor of Surya Palace Tower E’ situated on R. S.
No. 152 Paiky and R.S. No. 153/1 Paiky T.P.S. No. 4 (Umra-South), F.P. No.
109 Paiky and F.P. No. 110/1 Paiky City Light Road, Moje-Umra, Taluka-City,
Dist. |
|
|
|
|
Boundaries of the property |
North Margin South : Internal Road East : Tower ‘F’ West: Flat No. E-409 |
|
|
|
|
Property tax details |
To be furnished by the owner |
|
|
|
|
Assuming the entire property is let out, probable monthly rent and
advance building rent |
Not Applicable |
|
|
|
|
Whether the building plan has been approved? - If yes, Date of approval,
approving authority and whether the building has been constructed as per the
approved plan |
Yes, Building plan is sanctioned by S.M.C Vide T.D.O. No. 3752,
Dated-08.02.2007 |
|
|
|
|
General Remarks |
The property is situated on |
|
|
|
|
VALUATION
DETAILS - A LAND |
|
|
The total area (extent) of the site/land |
Undivided proportionate land area is available |
|
|
|
|
Description of the site/land |
|
|
|
|
|
Character of Locality |
Residential |
|
|
|
|
Classification |
Higher Middle class |
|
|
|
|
Development of surrounding areas |
Fully developed |
|
|
|
|
Is the locality subjected to frequent flooding |
No |
|
|
|
|
Feasibility to the civic amenities like school, hospitals, offices,
markets etc. |
All the civic amenities are available within short distance |
|
|
|
|
Shape of the Land |
Regular |
|
|
|
|
Type of use to which it can be put |
Residential |
|
|
|
|
Any other restruction of usage |
No |
|
|
|
|
Nature of right, whether leasehold/freehold |
Freehold |
|
|
|
|
Road facility |
Available |
|
|
|
|
Is it a Corner Plot |
No |
|
|
|
|
Water supply/ potentiality |
Water supplied by Common bore and S.M.C |
|
|
|
|
Underground sewerage system |
Connected to local drainage line |
|
|
|
|
Any other sentimental/ social issue which may affect the value |
Not Applicable |
|
|
|
|
General remarks |
The flat situated on 4th floor in a high rise building |
|
|
|
|
Prevailing unit market rate |
Not Applicable because undivided share in land area. |
|
|
|
|
Unit rate adopted in this valuation |
Not Applicable because undivided share in land area. |
|
|
|
|
Valuation of the site I land |
Not Applicable because undivided share in land area. |
|
|
|
|
B. BUILDING |
|
|
Type of construction |
R.C.C. framed structure |
|
|
|
|
Quality of Construction |
Good quality |
|
|
|
|
Appearance of the Building |
Very Good |
|
|
|
|
Number of floors |
Parking + 10 upper floors |
|
|
|
|
Maintenance of the building |
Well maintained |
|
|
|
|
Description of the building |
|
|
|
|
|
Foundation |
R.C.C. footing |
|
|
|
|
Superstructure |
9” thk and 4. 1/2” thick brick masonry |
|
|
|
|
Roof |
R.C.C. Slab |
|
|
|
|
Doors |
Wooden flush door |
|
|
|
|
Windows |
Alu. glazed windows |
|
|
|
|
Sanitary fittings |
Concealled plumbing |
|
|
|
|
Flooring |
Granamite tiles and Italian marble flooring |
|
|
|
|
Electricity Supply |
Available |
|
|
|
|
Total Plinth area |
Super built up area is 3600.00 Sq. ft. and built up area is 2293.00 Sq. ft |
|
|
|
|
Year of Construction |
2009 |
|
|
|
|
Total life of the building estimated |
50 years if properly maintained |
|
|
|
|
General Remarks |
The flat situated on 4th floor in a high rise building. There are
several high rise buildings in this compound. |
|
|
|
|
Replacement rate of construction with the existing conditions and
specification |
Rs.4175/- per Sq. ft. as the rate of Super Built up area. |
|
|
|
|
Replacement Value |
Rs.15.030 Millions |
|
|
|
|
Depreciation Value at the rate of |
-- |
|
|
|
|
Present Value of the Flat |
Rs.15.030 Millions |
|
|
|
|
Total Valuation |
|
|
Valuation of the Land |
Not Applicable because undivided share in land area. |
|
|
|
|
Valuation of the Building |
Rs.15.030 Millions (Value of Flat Including Undivided Land) |
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUTTON OF IMMOVABLE PROPERTY
(OTHER
THAN
|
Name of Owner |
Sh. Gugal Kishore Modi s/o Sh. Matrumal
Modi |
|
|
|
|
Address |
Ward No. -19, Near Old Jail Nehru Market At - Jhunjhunu. |
|
|
|
|
PART – A GENERAL INFORMATION |
|
|
Purpose for which Valuation Made |
Bank C. C. Limits |
|
|
|
|
Name of person/s whose name/s The property
stands registered |
Sh. Gugal Kishore Modi |
|
|
|
|
Type of Property |
Shop – Krishana Market |
|
|
|
|
Address of Property |
Ward No. -19.Near Old Jail Nehru Market At — Jhunjhunu. |
|
|
|
|
Location |
Type – Commercial |
|
|
|
|
Usage |
Fully Commercial |
|
|
|
|
LAND
|
|
|
Area of Land supported by document Proof,
shape , dimension and physical Features |
169.31 Sq. Feet /18.81 Sq. Yard |
|
|
|
|
Is Free Hold or Lease Hold |
Free |
|
|
|
|
Does the land fall in an area included In
any Town Planning plan of Govt. Or any statutory body? If so, give
Particulars. |
Approved by Municipal Corporation —
Jhunjhunu |
|
|
|
|
SALES
|
|
|
Give instance of sales of immovable
Property, in the locality on a separate Sheet, including the name and address
of the property, registration No. Sale Price and area of lad sold. |
As Per Market Survey |
|
|
|
|
Land Rate adopted in this valuation |
Govt. Approved Rate = 17.000.00 Per Sq.
Yard Market Rate = 22,000.00 Per Sq. Yard Max. Stress value = 20,000.00 Per Sq. Yard |
|
|
|
|
If |
-- |
|
|
|
|
COST
OF CONSTRUCTION |
|
|
Year of commencement of construction And
year of completion. |
2000-2001 |
|
|
|
|
What was the method of construction- By
–contract/ by employing labour Directly/both? |
By Contract |
|
|
|
|
PART – II VALUATION |
|
|
Part
– A |
|
|
Total Stress Value of Structure |
Rs.00,53,339.66 |
|
Total Stress Value of Land |
Rs.03,76,200.00 |
|
Total Stress Value of Property |
Rs.04,29,439.26 |
|
Say |
Rs.04,30,000.00 |
|
|
|
|
Part
– B |
|
|
Total Govt. Value of Structure |
Rs.00,53,339.66 |
|
Total Govt. Value of Land |
Rs.03,19,770.00 |
|
Total Govt. Value of Property |
Rs.03,73,109.66 |
|
Say |
Rs.03,73,000.00 |
|
|
|
|
Part
– C |
|
|
Total Market Value of Structure |
Rs.00,53,339.66 |
|
Total Market Value of Land |
Rs.04,13,820.00 |
|
Total Market Value of Property |
Rs.04,67,159.66 |
|
Say |
Rs.04,67,000.00 |
SPECIFICATION
|
Foundation |
Open spread foundation. |
|
|
|
|
Walls |
Stone walls / Brick walls |
|
|
|
|
Wiring |
Concealed wiring |
|
|
|
|
Doors & Windows |
M. S. Rolling Shutter and Wooden doors |
|
|
|
|
Flooring |
|
|
|
|
|
Roofing |
R C. C. Slab with Beam and Colunmn |
|
|
|
|
Finishes |
Medium Finishes |
Note:
This Valuation statement is based on the standing order No. -X -3 of
1997 issued by chief Engineer, Public works department and Government of
Rajasthan, Jaipur.
More of Valuation
The property in question shop is entirely being used for Commercial
purpose, which was Acquired by the Present owner through direct purchase basis
from the main Proprietor as per Registered Deed produced At the time of
inspection. There for the property is at present under the possession of this
owner. The Fair Market Value of Residence has been worked out by adopting the
Land & Building Method, for which the Criteria laid down as per Standing
Order No. - X -3 / 1997 issued by Chief Engineer, P.W.D. Rajasthan Jaipur, has
been adopted to work out the Fair Market Value of the Property.
TECHNICAL
DETAILS
|
Nos. of Floors and Height of each Floor |
01 Nos. and avg. Ht. — 11’-0” |
|
|
|
|
Plinth area of Floor wise (As. per IS 3861- 1966) |
As given calculation sheet |
|
|
|
|
Estimated Future Life |
70 years |
|
|
|
|
Type of construction unit / structure |
Load Bering Walls. |
COSTING
Plinth Area Cost –
Ground and First Floor
Total Area of Ground Floor – 169.31 Sq. Feet (15.74 Sq. Mtr.)
@ 3400.00 Per Sq. Mu. = RS. 00,53,516.00
ADD FOR SERVICES
|
Electrical installation without ceiling |
7% |
|
|
|
|
Water Supply |
0% |
|
|
|
|
Sanitary Fittings |
0% |
|
|
|
|
Total Services |
7% = Rs.00,03,746.12 |
|
|
|
|
Total of Ground +2 Floor |
= Rs.00,57,262.12 |
|
|
|
|
Total Cost of Structure (Ground Floor) |
= Rs.00,57,262.12 |
|
Depreciation cost of Structure - 0.9315 (Seven Year old Building ) |
|
|
|
|
|
Net cost of structure |
=Rs.00,53,339.66 |
Cost of Land
The said Shop is situated in Krishana Market near Old Jail - Nehru
Market which is near to Gandhi Chowk is just 200 yards from the main market
which is main commercial area of Jhunjhunu. The said colony is nearest to the
market and is fully developed. The said colony has almost new commercial
construction in the prevalent market rate of land in the area is ranging from
Ks. 15000.00 Per Sq. Yard to Rs.25000 Per Sq. Yard depending upon the location
of land. For this Valuation the rate o land is taken as Rs.20000.00 Per Sq.
Yard
STRESS VALUE OF
LAND = 18.81 sq. feet x 20000.00 = Rs.03,76,200.00
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUTTON OF IMMOVABLE PROPERTY
(OTHER
THAN
|
Name of Owner |
Sh. Jugal Kishore Modi s/o Sh. Matrumal
Modi |
|
|
|
|
Address |
Ward No. -01-A, Ward No.21, |
|
|
|
|
PART – A GENERAL INFORMATION |
|
|
Purpose for which Valuation Made |
Bank C. C. Limits |
|
|
|
|
Name of person/s whose name/s The property
stands registered |
Sh. Jugal Kishore Modi s/o Mr. Matrumal
Modi |
|
|
|
|
Type of Property |
Residential |
|
|
|
|
Address of Property |
Ward No. -21 At - Jhunjhunu. |
|
|
|
|
Location |
Type – Residential |
|
|
|
|
Usage |
Residential |
|
|
|
|
LAND
|
|
|
Area of Land supported by document Proof,
shape , dimension and physical Features |
213.33 Sq. Yard |
|
|
|
|
Is Free Hold or Lease Hold |
Free |
|
|
|
|
Does the land fall in an area included In
any Town Planning plan of Govt. Or any statutory body? If so, give
Particulars. |
Approved by Municipal Corporation —
Jhunjhunu |
|
|
|
|
SALES
|
|
|
Give instance of sales of immovable
Property, in the locality on a separate Sheet, including the name and address
of the property, registration No. Sale Price and area of lad sold. |
As Per Market Survey |
|
|
|
|
Land Rate adopted in this valuation |
Govt. Approved Rate = 02000.00 Per Sq.
Yard Market Rate = 05000.00 Per Sq. Yard Max. Stress value = 03500.00 Per Sq. Yard |
|
|
|
|
If |
-- |
|
|
|
|
COST
OF CONSTRUCTION |
|
|
Year of commencement of construction And
year of completion. |
Open Plot |
|
|
|
|
What was the method of construction- By
–contract/ by employing labour Directly/both? |
By Contract |
|
|
|
|
PART – II VALUATION |
|
|
Part
– A |
|
|
Total Stress Value of Structure |
Rs.00,00,000.00 |
|
Total Stress Value of Land |
Rs.07,46,655.00 |
|
Total Stress Value of Property |
Rs.07,46,655.00 |
|
Say |
Rs.07,46,655.00 |
|
|
|
|
Part
– B |
|
|
Total Govt. Value of Structure |
Rs.00,00,000.00 |
|
Total Govt. Value of Land |
Rs.04,26,660.00 |
|
Total Govt. Value of Property |
Rs.04,26,660.00 |
|
Say |
Rs.04,26,660.00 |
|
|
|
|
Part
– C |
|
|
Total Market Value of Structure |
Rs.00,00,000.00 |
|
Total Market Value of Land |
Rs.10,65,650.00 |
|
Total Market Value of Property |
Rs.10,65,650.00 |
|
Say |
Rs.10,65,650.00 |
SPECIFICATION
– OPEN PLOT UNIT
Note:
This Valuation statement is based on the standing order No. -X -3 of 1997
issued by Chief Engineer, Public works department and Government of Rajasthan,
Jaipur.
More of Valuation
The property in question Plot is entirely being used for Residential
purpose, which was Acquired by the Present owner through direct purchase basis
from the main Proprietor as per Registered Deed produced At the time of
inspection. There for the property is at present under the possession of this
owner. The Fair Market Value of Residence has been worked out by adopting the
Land and Building Method, for which the Criteria laid down as per Standing
Order No. - X -3 / 1997 issued by Chief Engineer, P.W.D. Rajasthan Jaipur, has
been adopted to work out the Fair Market Value of the Property.
TECHNICAL
DETAILS
|
Nos. of Floors and Height of each Floor |
Open Plot |
|
|
|
|
Plinth area of Floor wise (As. per IS 3861- 1966) |
As given calculation sheet |
|
|
|
|
Estimated Future Life |
99 years |
|
|
|
|
Type of construction unit / structure |
Open Plot |
COSTING
Plinth Area Cost –
Ground Floor
Open Plot Unit
Cost of Land
The said Plot is situated in Modi road which is near to Gandhi Chowk is
just 150 yards from the main market which is main residential and commercial
area of Jhunjhunu. The said colony is nearest to new group housing colony and
fully developed. The said colony has almost new commercial and residential
construction in the prevalent market rate of land in the area is ranging from
Rs.3000.00 Per Sq. Yard to Rs.5000 Per Sq. Yard depending upon the location of
land. For this Valuation the rate o land is taken as Rs.3500.00 Per Sq. Yard
STRESS VALUE OF
LAND = 213.33 sq. yard x 3500.00 = Rs.07,46,655.00
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUTTON OF IMMOVABLE PROPERTY
(OTHER
THAN
|
Name of Owner |
Sh. Jugal Kishore Modi s/o Sh. Matrumal
Modi |
|
|
|
|
Address |
Ward No. -01-B, Ward No.21, |
|
|
|
|
PART – A GENERAL INFORMATION |
|
|
Purpose for which Valuation Made |
Bank C. C. Limits |
|
|
|
|
Name of person/s whose name/s The property
stands registered |
Sh. Jugal Kishore Modi s/o Mr. Matrumal
Modi |
|
|
|
|
Type of Property |
Residential |
|
|
|
|
Address of Property |
Ward No. -21 At - Jhunjhunu. |
|
|
|
|
Location |
Type – Residential |
|
|
|
|
Usage |
Residential |
|
|
|
|
LAND
|
|
|
Area of Land supported by document Proof,
shape , dimension and physical Features |
213.33 Sq. Yard |
|
|
|
|
Is Free Hold or Lease Hold |
Free |
|
|
|
|
Does the land fall in an area included In
any Town Planning plan of Govt. Or any statutory body? If so, give
Particulars. |
Approved by Municipal Corporation —
Jhunjhunu |
|
|
|
|
SALES
|
|
|
Give instance of sales of immovable
Property, in the locality on a separate Sheet, including the name and address
of the property, registration No. Sale Price and area of lad sold. |
As Per Market Survey |
|
|
|
|
Land Rate adopted in this valuation |
Govt. Approved Rate = 02000.00 Per Sq.
Yard Market Rate = 05000.00 Per Sq. Yard Max. Stress value = 03500.00 Per Sq. Yard |
|
|
|
|
If |
-- |
|
|
|
|
COST
OF CONSTRUCTION |
|
|
Year of commencement of construction And
year of completion. |
Open Plot |
|
|
|
|
What was the method of construction- By
–contract/ by employing labour Directly/both? |
By Contract |
|
|
|
|
PART – II VALUATION |
|
|
Part
– A |
|
|
Total Stress Value of Structure |
Rs.00,00,000.00 |
|
Total Stress Value of Land |
Rs.07,46,655.00 |
|
Total Stress Value of Property |
Rs.07,46,655.00 |
|
Say |
Rs.07,46,655.00 |
|
|
|
|
Part
– B |
|
|
Total Govt. Value of Structure |
Rs.00,00,000.00 |
|
Total Govt. Value of Land |
Rs.04,26,660.00 |
|
Total Govt. Value of Property |
Rs.04,26,660.00 |
|
Say |
Rs.04,26,660.00 |
|
|
|
|
Part
– C |
|
|
Total Market Value of Structure |
Rs.00,00,000.00 |
|
Total Market Value of Land |
Rs.10,65,650.00 |
|
Total Market Value of Property |
Rs.10,65,650.00 |
|
Say |
Rs.10,65,650.00 |
SPECIFICATION
– OPEN PLOT UNIT
Note:
This Valuation statement is based on the standing order No. -X -3 of
1997 issued by Chief Engineer, Public works department and Government of
Rajasthan, Jaipur.
More of Valuation
The property in question Plot is entirely being used for Residential
purpose, which was Acquired by the Present owner through direct purchase basis
from the main Proprietor as per Registered Deed produced At the time of
inspection. There for the property is at present under the possession of this
owner. The Fair Market Value of Residence has been worked out by adopting the
Land and Building Method, for which the Criteria laid down as per Standing
Order No. - X -3 / 1997 issued by Chief Engineer, P.W.D. Rajasthan Jaipur, has
been adopted to work out the Fair Market Value of the Property.
TECHNICAL
DETAILS
|
Nos. of Floors and Height of each Floor |
Open Plot |
|
|
|
|
Plinth area of Floor wise (As. per IS 3861- 1966) |
As given calculation sheet |
|
|
|
|
Estimated Future Life |
99 years |
|
|
|
|
Type of construction unit / structure |
Open Plot |
COSTING
Plinth Area Cost –
Ground Floor
Open Plot Unit
Cost of Land
The said Plot is situated in Modi road which is near to Gandhi Chowk is just
150 yards from the main market which is main residential and commercial area of
Jhunjhunu. The said colony is nearest to new group housing colony and fully
developed. The said colony has almost new commercial and residential
construction in the prevalent market rate of land in the area is ranging from
Rs.3000.00 Per Sq. Yard to Rs.5000 Per Sq. Yard depending upon the location of
land. For this Valuation the rate o land is taken as Rs.3500.00 Per Sq. Yard
STRESS VALUE OF
LAND = 213.33 sq. yard x 3500.00 = Rs.07,46,655.00
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUTTON OF IMMOVABLE PROPERTY
(OTHER
THAN
|
Name of Owner |
Sh. Jugal Kishore Modi s/o Sh. Matrumal
Modi |
|
|
|
|
Address |
Ward No. -14, Near Old Bus Stand |
|
|
|
|
PART – A GENERAL INFORMATION |
|
|
Purpose for which Valuation Made |
Bank C. C. Limits/ Mortgaged Loan |
|
|
|
|
Name of person/s whose name/s The property
stands registered |
Sh. Jugal Kishore Modi |
|
|
|
|
Type of Property |
Open Plot |
|
|
|
|
Address of Property |
Ward No. -14, Near Old Bus Stand |
|
|
|
|
Location |
Type – Residential |
|
|
|
|
Usage |
Residential |
|
|
|
|
LAND
|
|
|
Area of Land supported by document Proof,
shape , dimension and physical Features |
189.00 |
|
|
|
|
Is Free Hold or Lease Hold |
Free |
|
|
|
|
Does the land fall in an area included In
any Town Planning plan of Govt. Or any statutory body? If so, give
Particulars. |
Approved by Municipal Corporation —
Jhunjhunu |
|
|
|
|
SALES
|
|
|
Give instance of sales of immovable
Property, in the locality on a separate Sheet, including the name and address
of the property, registration No. Sale Price and area of lad sold. |
As Per Market Survey |
|
|
|
|
Land Rate adopted in this valuation |
Stress Rate – 8000.00 per Sq. Mtr. Govt Rate – 6500.00 per Sq. Mtr. Market Rate – 9000.00 per Sq. Mtr. |
|
|
|
|
If |
-- |
|
|
|
|
COST
OF CONSTRUCTION |
|
|
Year of commencement of construction And
year of completion. |
Open Plot |
|
|
|
|
What was the method of construction- By
–contract/ by employing labour Directly/both? |
By Contract |
|
|
|
|
PART – II VALUATION |
|
|
Part
– A |
|
|
Total Stress Value of Structure |
Rs.00,00,000.00 |
|
Total Stress Value of Land |
Rs.15,12,000.00 |
|
Total Stress Value of Property |
Rs.15,12,000.00 |
|
Say |
Rs.15,12,000.00 |
|
|
|
|
Part
– B |
|
|
Total Govt. Value of Structure |
Rs.00,00,000.00 |
|
Total Govt. Value of Land |
Rs.12,28,500.00 |
|
Total Govt. Value of Property |
Rs.12,28,500.00 |
|
Say |
Rs.12,28,500.00 |
|
|
|
|
Part
– C |
|
|
Total Market Value of Structure |
Rs.00,00,000.00 |
|
Total Market Value of Land |
Rs.17,01,000.00 |
|
Total Market Value of Property |
Rs.17,01,000.00 |
|
Say |
Rs.17,01,000.00 |
SPECIFICATION
– OPEN PLOT UNIT
Note:
This Valuation statement is based on the standing order No. -X -3 of 1997
issued by Chief Engineer, Public works department and Government of Rajasthan,
Jaipur.
More of Valuation
The property in question Plot is entirely being used for Residential
purpose, which was acquired by the Present owner through direct purchase basis
from the main Proprietor as per Registered Deed produced at the time of
inspection. There for the property is at present under the possession of this
owner. The Fair Market Value of Residence has been worked out by adopting the
Land and Building Method, for which the Criteria laid down as per Standing
Order No. - X -3 / 1997 issued by Chief Engineer, P.W.D. Rajasthan Jaipur, has
been adopted to work out the Fair Market Value of the Property.
TECHNICAL
DETAILS
|
Nos. of Floors and Height of each Floor |
Open Plot |
|
|
|
|
Plinth area of Floor wise (As. per IS 3861- 1966) |
As given calculation sheet |
|
|
|
|
Estimated Future Life |
99 years |
|
|
|
|
Type of construction unit / structure |
Open Plot |
COSTING
Plinth Area Cost –
Ground Floor
Open Plot Unit
Cost of Land
The said Plot is situated on Plot No.14, Nerar Old Bus Stand on
STRESS VALUE OF
LAND = 189.00sq. Mtr. x 8000.00 = Rs.15,12,000.00
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Shree Shyam Sarees
(Proprietor – Mr. Shiv Kumar Kedia)
114,
Mobile No.: 91-9825126428
· Jay Ambe Textile
(Proprietor – Mr. Pooranmal Agarwal)
480, Abhishek Textile Market,
Mobile No.: 91-9825378409
· Rajesh Bhauwala and Company
I-2466-67, Millenium Textile Market,
Mobile No.: 91-9374721803
· Pankaj Kannaujiya
Athwaliness,
Mobile No.: 91-9376009057
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.45.20 |
|
|
1 |
Rs.73.17 |
|
Euro |
1 |
Rs.61.88 |
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.