MIRA
INFORM REPORT
|
Report Date : |
25.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered
Office : |
Plot No.21, Ambika Udyog Nagar, |
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|
Country : |
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|
Date of
Incorporation : |
09.02.2010 |
|
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|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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|
Line of Business
: |
Manufacturer of Steel Wire Nets. |
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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|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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|
Comments : |
Subject is a new concern and yet to complete 1st full year
of its operations. The valuation report and networth statement seems to be
satisfactory. No further details could be made available. 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. Rakesh Jain |
|
Designation : |
Partner |
|
Contact No.: |
91-9820422278 |
|
Date : |
24.01.2011 |
LOCATIONS
|
Registered/ Head Office/ Factory : |
Plot No.21, Ambika Udyog Nagar, |
|
Mobile No.: |
91-9820422278 (Mr. Rakesh Jain) |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Rakesh H. Jain |
|
Designation : |
Partner |
|
Address : |
305, Tulsi Apartment, |
|
Date of Birth/Age : |
28.11.1978 |
|
Qualification : |
B. Com |
|
Experience : |
10 years Electronics Business |
|
PAN No.: |
ACLPJ2921J |
|
Connected Wid Other Company : |
Proprietor in Parshwanath Electronics |
|
|
|
|
Name : |
Mr. Mangal K. Thakkar |
|
Designation : |
Partner |
|
Address : |
B – 7, Manilal, M. P. Vaidya Marg, Ghatkopar east, Mumbai – 400077, |
|
Date of Birth/Age : |
05.10.1940 |
|
Qualification : |
SSC |
|
Experience : |
35 years in Wire Mesh Market |
|
PAN No.: |
AABPT4564F |
|
Connected Wid Other Company : |
Partner in |
|
|
|
|
Name : |
Mrs. Prabhavati M. Thakkar |
|
Designation : |
Partner |
|
Address : |
B – 7, Manilal, M. P. Vaidya Marg, Ghatkopar east, Mumbai – 400077, |
|
Date of Birth/Age : |
09.09.1945 |
|
Qualification : |
SSC |
|
PAN No.: |
AAEPT3310L |
|
Connected Wid Other Company : |
Partner in - |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Steel Wire Nets. |
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|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s · Aarav enterprises · Ajit sales corporation · Ajmera and Company · A. K. Shaikh Construction Company · Amulakh Brothers · Ashish Engineering Company · B D Industries · Bhavin Sales Corporation · Bhavna Trading Company · Champak Hardware and General Stores · Chandan Metal · Deepak Hardware · DNK Corporation · EMCO Agencies · Gandhi Hardware and Automobiles · Ganesh Enterprises · Jay Fabrication · Kejal Enterprises ·
· Mahendrakumar and Company · Nilesh Enterprises · S. S. Syndicate · Sona Hardware Stores · Trinity Ventures · Vijay Electric and Hardware |
|
|
|
|
No. of Employees : |
5 |
|
|
|
|
Bankers : |
· Corporation Bank · HDFC Bank ·
Union Bank of |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vasani and Associates Chartered Accountant |
|
Address : |
439, |
|
Tel. No.: |
91-22-24100224 |
|
Mobile No.: |
91-9820075953 |
|
|
|
|
Associates/Subsidiaries : |
· Manco Wire Products Plot No.21, Ambika Udyog Nagar, · Parshwanath Electronics Plot No.21, Ambika Udyog Nagar, |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW CONCERN
LOCAL AGENCY FURTHER INFORMATION
PROJECTED OF PERFORMANCE - PROFITABILITY AND REPAYMENT
(RS.
IN MILLIONS)
|
Particulars |
Year 2008-09 Manco |
2009-10 National for Capacity |
1st Year 2010-11 |
2nd Year 2011-12 |
3rd Year 2012-13 |
|
|
Projected |
||||
|
Utilisation of Related Capacity |
-- |
-- |
80% |
85% |
90% |
|
Production of Welded Wire Mesh |
-- |
30.000 |
24.000 |
27.000 |
27.000 |
|
|
|
|
|
|
|
|
Total |
-- |
30.000 |
24.000 |
27.000 |
27.000 |
|
|
|
|
|
|
|
|
Raw Materials |
25.490 |
21.000 |
16.800 |
17.850 |
18.900 |
|
Director Expenses |
0.513 |
2.730 |
2.184 |
2.31 |
2.457 |
|
Salaries and Wages |
0.653 |
-- |
0.980 |
1.078 |
1.186 |
|
Repairs and Maintenance |
0.011 |
-- |
0.030 |
0.036 |
0.043 |
|
Other Manufacturing Expenses |
-- |
-- |
-- |
-- |
-- |
|
Administrative and Other Overheads |
1.341 |
-- |
1.000 |
1.100 |
1.210 |
|
Financial Expenses |
0.002 |
-- |
-- |
-- |
-- |
|
Interests on - |
|
|
|
|
|
|
-
Term Loan |
-- |
-- |
0.468 |
0.364 |
0.260 |
|
-
Bank Borrowings |
-- |
-- |
0.390 |
0.390 |
0.390 |
|
-
Others |
0.264 |
-- |
-- |
-- |
-- |
|
Depreciation |
0.026 |
-- |
0.700 |
0.608 |
0.528 |
|
Preliminary Expenses Written off |
-- |
-- |
-- |
-- |
-- |
|
Interests to Partners |
0.724 |
-- |
-- |
-- |
-- |
|
Management remunerations |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL
COST |
29.024 |
23.730 |
22.552 |
23.746 |
24.974 |
|
|
|
|
|
|
|
|
Total Sales |
29.175 |
30.000 |
24.000 |
25.500 |
27.000 |
|
Other Income |
0.009 |
-- |
-- |
-- |
-- |
|
Profit / Loss Before Tax |
0.160 |
-- |
1.448 |
1.754 |
2.026 |
|
Tax |
0.056 |
-- |
0.447 |
0.542 |
0.626 |
|
Profit Loss After Tax |
0.104 |
-- |
1.001 |
1.212 |
1.400 |
|
Cash Accruals |
0.130 |
-- |
1.701 |
1.820 |
1.928 |
|
1] Profit After Tax |
0.104 |
0.000 |
1.001 |
1.212 |
1.400 |
|
|
|
|
|
|
|
|
2] Depreciation |
0.026 |
0.000 |
0.700 |
0.308 |
0.528 |
|
|
|
|
|
|
|
|
3] Interests on Term Loan
|
0.000 |
0.000 |
0.468 |
0.364 |
0.260 |
|
|
|
|
|
|
|
|
Total |
0.130 |
0.000 |
2.169 |
2.184 |
2.188 |
|
|
|
|
|
|
|
|
1] Installment of Term Loan |
0.000 |
0.000 |
0.800 |
0.800 |
0.800 |
|
|
|
|
|
|
|
|
2] Interests on term Loan |
0.000 |
0.000 |
0.468 |
0.364 |
0.260 |
|
|
0.000 |
0.000 |
1.268 |
1.164 |
1.060 |
|
|
|
|
|
|
|
|
DSCR |
-- |
-- |
0.171 |
0.188 |
0.206 |
|
|
|
|
|
|
|
|
Average DSCR |
1.13 |
1.54 |
2.00 |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED CASH FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
Year 2008-09 Manco |
2009-10 National for Capacity |
1st Year 2010-11 |
2nd Year 2011-12 |
3rd Year 2012-13 |
|
|
Projected |
||||
|
SOURCES OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares Issue |
-- |
-- |
3.795 |
-- |
-- |
|
Profit After depreciation, Preliminary Expenses w/off and Investment
Allowance Reserve and Taxation. |
0.000 |
1.916 |
1.916 |
2.118 |
2.286 |
|
Investment Allowance Reserve |
-- |
-- |
-- |
-- |
-- |
|
Depreciation Provision for the year |
0.000 |
0.000 |
0.700 |
0.608 |
0.528 |
|
Preliminary Expenses w/off |
-- |
-- |
-- |
-- |
-- |
|
Increase in Long Term Loan |
-- |
-- |
4.000 |
-- |
-- |
|
Capital Subsidy |
-- |
-- |
-- |
-- |
-- |
|
Increase in bank Borrowings for Working Capital |
0.000 |
0.000 |
3.000 |
0.000 |
0.000 |
|
Increase in Unsecured Loans/ Deposits |
-- |
-- |
-- |
-- |
-- |
|
Decrease in Current Assets |
-- |
-- |
-- |
-- |
-- |
|
Increase in Current Liabilities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total |
0.000 |
1.916 |
13.411 |
2.726 |
2.814 |
|
|
|
|
|
|
|
|
DISPOSITION
OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Expenditure |
-- |
-- |
6.500 |
-- |
-- |
|
Increase in current Assets Deposits |
0.130 |
-- |
5.996 |
1.020 |
1.128 |
|
Decrease in Long Term From Bank |
-- |
-- |
-- |
0.800 |
0.800 |
|
Decrease in Unsecured Loans/ Deposits |
-- |
-- |
-- |
-- |
-- |
|
Decrease in Bank Borrowings for Working
Capital |
-- |
-- |
-- |
-- |
-- |
|
Interests |
0.000 |
0.000 |
0.468 |
0.364 |
0.260 |
|
Taxation |
0.000 |
0.447 |
0.447 |
0.542 |
0.626 |
|
Dividend |
-- |
-- |
-- |
-- |
-- |
|
Decrease in Current Liabilities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total |
0.130 |
0.447 |
13.411 |
2.725 |
2.814 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
Year 2008-09 Manco |
2009-10 National for Capacity |
1st Year 2010-11 |
2nd Year 2011-12 |
3rd Year 2012-13 |
|
|
Projected |
||||
|
A. CAPITAL AND
LIABILITIES |
|
|
|
|
|
|
Equity Shares Capital |
5.139 |
0.205 |
4.000 |
4.000 |
4.000 |
|
Preference Shares Capital |
-- |
-- |
-- |
-- |
-- |
|
Reserve and Surplus |
-- |
-- |
1.001 |
2.213 |
3.613 |
|
Investment Allowances Reserve |
-- |
-- |
-- |
-- |
-- |
|
Debenture |
-- |
-- |
-- |
-- |
-- |
|
Capital Subsidy |
-- |
-- |
-- |
-- |
-- |
|
Term Loan from Bank |
-- |
-- |
4.000 |
3.200 |
2.400 |
|
Long Term Loans(s) |
-- |
-- |
-- |
-- |
-- |
|
Unsecured Loans and Debentures |
1.765 |
-- |
-- |
-- |
-- |
|
Short Term Bank Borrowings for Working Capital |
-- |
-- |
3.000 |
3.000 |
3.000 |
|
|
|
|
|
|
|
|
Total (I) |
6.904 |
0.205 |
12.001 |
12.413 |
13.013 |
|
|
|
|
|
|
|
|
B. ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Fixed Assets |
0.137 |
-- |
5.800 |
5.193 |
4.665 |
|
Net Current Assets |
6.767 |
0.130 |
5.000 |
5.313 |
5.625 |
|
(As on Assessment of WC) |
|
|
|
|
|
|
Other Current Assets |
0.000 |
0.075 |
1.201 |
1.908 |
2.723 |
|
|
|
|
|
|
|
|
Total
(II) |
6.90.4 |
0.205 |
12.001 |
12.413 |
13.013 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENT
(RS.
IN MILLIONS)
|
Particulars |
Year 2008-09 Manco |
2009-10 National for Capacity |
1st Year 2010-11 |
2nd Year 2011-12 |
3rd Year 2012-13 |
|
|
Projected |
||||
|
I. CURRENT
ASSETS |
|
|
|
|
|
|
Inventory |
|
|
|
|
|
|
Raw Material (Including Store and Other Items
used in the process of Manufacturer) |
|
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
-- |
|
b) Indigenous |
-- |
1.750 |
0.700 |
0.744 |
0.788 |
|
|
|
|
|
|
|
|
Stock in process |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Finished Goods |
2.299 |
-- |
1.000 |
1.063 |
1.125 |
|
|
|
|
|
|
|
|
Other consumable spares |
|
|
|
|
|
|
a) Imported |
-- |
-- |
-- |
-- |
-- |
|
b) Indigenous |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Receivable other than export and deferred receivables
(Including bills purchased and discounted by bankers) |
-- |
5.000 |
4.000 |
4.250 |
4.500 |
|
|
|
|
|
|
|
|
Export receivables (Including bills
purchased and discounted by bankers) |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Advances to supplier of raw materials and
stores/ spares, consumable |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Loans and Advances |
0.046 |
0.100 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Deposits |
-- |
0.030 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Debtors |
4.306 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other current Assets including cash and
Bank Balance and deferred receivable due within 1 years |
0.740 |
0.075 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total
Current Assets |
7.391 |
6.955 |
5.700 |
6.056 |
6.413 |
|
|
|
|
|
|
|
|
II.
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sundry Creditors for purchases of Raw
Materials and Stores, Spares and Consumable (months Purchase) |
0.624 |
1.750 |
0.700 |
0.744 |
0.788 |
|
|
|
|
|
|
|
|
Advance Payments from Customers/ deposits
from dealers |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Accrued Expenses |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Statutory Liabilities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other Current Liabilities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total
Current Liabilities |
0.624 |
1.750 |
0.700 |
0.744 |
0.788 |
|
|
|
|
|
|
|
|
III. Working Capital Gap (I – II) |
6.767 |
5.205 |
5.000 |
5.313 |
5.625 |
|
|
|
|
|
|
|
|
IV. Margin for Working Capital |
1.692 |
1.301 |
1.425 |
1.328 |
1.406 |
|
|
|
|
|
|
|
|
V. Bank Borrowings |
5.075 |
3.904 |
3.575 |
3.984 |
4.219 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT PROFILE
|
Rationale of Project |
Promoters in Marketing of the product for last
30 years. Manufacturing will act as backward integration and improve margins.
|
|
|
|
|
Security for Loan |
Security for
Term Loan Mortgage of Land and Building Security for CC Hypothecation of Stock and Book Debts |
|
|
|
|
Repayment of Loan |
5 years with Gestation of 6 months |
|
|
|
|
Guarantors of Loan |
Partners personal Guaranties |
|
|
|
|
Rate of Interests |
As per Banks Rules and Regulations |
|
|
|
|
Present Status of Project |
Land acquired and Building fully constructed
Machinery under Installations. |
------------------------------------------------------------------------------------------------------------------------------
VIABILITY EVALUATION
COST O PROJECT
|
PARTICULARS |
(RS. IN MILLIONS) |
|
|
|
|
Land |
1.000 |
|
Site Development |
0.000 |
|
Building and Civil Works |
2.500 |
|
Plant and Machinery |
3.000 |
|
Licenses |
0.000 |
|
Lab Equipments |
0.000 |
|
Furniture and Fixtures |
0.000 |
|
Electric and Other Deposits |
0.000 |
|
Provision for Contingencies |
0.500 |
|
Working Capital Margin |
1.000 |
|
|
|
|
TOTAL COST |
8.000 |
MEANS OF FINANCE
|
PARTICULARS |
(RS. IN MILLIONS) |
|
|
|
|
Term Loans |
|
|
- Rupee Term Loan |
4.000 |
|
- Foreign Currency Term Loan |
0.000 |
|
- Others |
0.000 |
|
|
|
|
Total |
4.000 |
|
|
|
|
Share Capital |
-- |
|
Internal Accrual |
4.000 |
|
Unsecured Loans from Family Members |
-- |
|
Other Sources |
|
|
- Lease Financing |
-- |
|
- Debentures |
-- |
|
- Subsidy |
-- |
|
|
|
|
TOTAL FINANCE |
8.000 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF TOTAL INCOME
(MRS.
PRABHAVATI MANGAL THAKKAR)
(RS.
IN MILLIONS)
|
Particulars |
2009-2010 |
||
|
PROFIT AND GAINS
OF BUSINESS OR PROFESSION INCOME FROM PARTNERSHIP FIRM |
|
|
|
|
|
|
|
|
|
Name: Alono Trading Company |
|
|
|
|
PAN |
AADFA7589A |
|
|
|
Capital Balance on 31st March |
0.310 |
|
|
|
Shares of Profit (%) |
25 |
|
|
|
|
|
|
|
|
Interest of Capital |
|
0.000 |
|
|
Share of Profit |
0.003 |
|
|
|
Exemption U/s 10 (2A) |
0.003 |
0.000 |
|
|
Taxable Income |
|
0.000 |
|
|
|
|
|
|
|
INCOME FROM
PARTNERSHIP FIRM |
|
|
|
|
Name: Manco wire Products |
|
|
|
|
Pan |
AAHFM0901B |
|
|
|
Capital Balance on 31st March |
0.160 |
|
|
|
Shares of Profit (%) |
25 |
|
|
|
|
|
|
|
|
Interest of Capital |
|
0.032 |
|
|
Total Income |
|
0.032 |
|
|
|
|
|
|
|
Less: Deductions
|
|
|
|
|
- Professional Tax |
0.002 |
|
|
|
- Professional Fees |
0.006 |
0.008 |
|
|
Taxable Income |
|
0.024 |
|
|
|
|
|
|
|
Total Income
from Business and Professional |
|
0.024 |
|
|
|
|
|
|
|
Income
Chargeable under the Head Business and Profession |
|
|
0.024 |
|
|
|
|
|
|
CAPITAL GAINS |
|
|
|
|
Long term Capital Gain Exempt U/s 10 (38) |
|
0.000 |
|
|
|
|
|
|
|
Short Term
Capital Gain |
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
Date of Transfer |
05.08.2008 |
|
|
|
|
|
0.001 |
|
|
Short term Capital Gain |
|
0.001 |
|
|
Income
Chargeable Under the Head Capital gains |
|
|
0.001 |
|
|
|
|
|
|
INCOME FROM
OTHER SOURCES |
|
|
|
|
|
|
|
|
|
Bank Interests |
|
0.010 |
|
|
|
|
|
|
|
Anuvrat Inds. |
0.024 |
|
|
|
Lerela T. Jain |
0.036 |
|
|
|
Thakkarchand M. Jain |
0.024 |
|
|
|
Maruti Wire Craft |
0.022 |
0.106 |
|
|
Income
Chargeable Under the head other sources |
|
|
0.116 |
|
|
|
|
|
|
Deduction under |
|
|
|
|
80G – Donation |
|
0.003 |
|
|
|
|
|
|
|
Investment u/s 80C CCC CCD |
|
|
|
|
PPF |
0.075 |
|
|
|
Total Investment – Subject to ceiling u/s 80 CCE |
|
0.075 |
0.078 |
|
|
|
|
|
|
Total Income |
|
|
0.062 |
|
|
|
|
|
|
Total Income rounded off u/s 288A |
|
|
0.062 |
|
|
|
|
|
|
Tax on Total
Income |
|
|
0.000 |
|
|
|
|
|
|
TDS |
|
0.003 |
|
|
Advance Tax |
|
0.022 |
|
|
Total Prepaid Tax |
|
|
0.025 |
|
|
|
|
|
|
Refund Due |
|
|
0.025 |
(MRS.
PRABHAVATI MANGAL THAKKAR)
CAPITAL
ACCOUNT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2009 |
Particulars |
31.03.2009 |
|
|
|
|
|
|
To Accident Policy Premium |
0.001 |
By Opening Balance B/F |
7.566 |
|
To Adv. Income Tax AY 09-10 |
0.022 |
By Bank Interests |
0.010 |
|
To Adv. Firm Tax A Y 09-10 |
0.025 |
By Dividend |
0.191 |
|
To Donation Expenses |
0.010 |
By Interests from Firms |
0.032 |
|
To Drawings |
0.084 |
By Interests from Others |
0.106 |
|
To Fringe Benefit Tax AY 09-10 |
0.004 |
By Interests on PPF |
0.049 |
|
To Profession Fees |
0.005 |
By Interests Tax Refund |
0.027 |
|
To Profession Tax |
0.003 |
By Long term Capital Gain |
0.022 |
|
To Tax Deducted at Sources |
0.003 |
By Profit From Firm’s |
0.043 |
|
To Closing Balance C/f |
7.890 |
By Short Term Capital Gain |
0.001 |
|
|
|
|
|
|
Total |
8.047 |
Total |
8.047 |
BALANCE
SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
7.890 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
7.890 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.068 |
|
|
TOTAL BORROWING |
|
|
0.068 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.958 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
6.191 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.083 |
|
|
Other Current Assets |
|
|
1.256 |
|
|
Loans & Advances |
|
|
0.433 |
|
Total
Current Assets |
|
|
1.772 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.005 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.005 |
|
|
Net Current Assets |
|
|
1.767 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.958 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF TOTAL INCOME
(MR.
MANAGAL K. THAKKAR)
(RS.
IN MILLIONS)
|
Particulars |
2009-2010 |
||
|
INCOME FROM
HOUSE PROPERTY |
|
|
|
|
Let Out Property |
|
|
|
|
Property 1 |
|
|
|
|
|
|
|
|
|
Mani Villa, Ghatkopar (East), Mumbai – 400077 |
|
0.055 |
|
|
Gross Annual Value |
|
0.055 |
|
|
Less: Municipal Taxes |
|
0.019 |
|
|
Net Annual Value |
|
0.036 |
|
|
Deductions |
|
|
|
|
Standard deduction u/s 24 (a) |
|
0.011 |
|
|
Net Income from
Property 1 |
|
0.025 |
|
|
|
|
|
|
|
Income
Chargeable under the head House Property |
|
|
0.025 |
|
|
|
|
|
|
PROFIT AND GAINS
OF BUSINESS PROFESSION INCOME FROM PARTNERSHIP FIRM |
|
|
|
|
Name: Manco Wire Products |
|
|
|
|
PAN |
AAHFM0901B |
|
|
|
Capital Balance on 31st March |
0.084 |
|
|
|
Share of Profit (%) |
50 |
|
|
|
Interest of Capital |
|
0.119 |
|
|
Share of Profit |
0.080 |
|
|
|
Exemption U/s 10 (2A) |
0.080 |
|
|
|
Total Income |
|
0.119 |
|
|
|
|
|
|
|
Less: Deduction |
|
|
|
|
Legal Fees |
|
0.007 |
|
|
Taxable Income |
|
0.112 |
|
|
|
|
|
|
|
INCOME FROM PARTNERSHIP
FIRM |
|
|
|
|
Name: MNR Wire Products |
|
|
|
|
PAN |
AAFFM2782C |
|
|
|
Capital Balance on 31st March |
1.086 |
|
|
|
Shares of Profit (%) |
33.333333 |
|
|
|
Share Profit |
0.036 |
|
|
|
Exemption u/s 10 (2A) |
0.036 |
|
|
|
|
|
0.000 |
|
|
Taxable Income |
|
0.000 |
|
|
|
|
|
|
|
Total Income
from Business and Profession |
|
0.112 |
|
|
|
|
|
|
|
Income
Chargeable under the head Business and Profession |
|
|
0.112 |
|
|
|
|
|
|
CAPITAL GAINS |
|
|
|
|
Long Term Capital Gain – 1 Abbott (Buy Back Shares) |
|
0.015 |
|
|
Long term Capital Gain2 – G – 198, Stan Chart. Fxd. |
|
0.025 |
|
|
Long term Capital Gain 3- UII FXD PLAN |
|
(0.003) |
|
|
Long term Capital Gain 4- G – 507, Stan Chart FXD |
|
0.025 |
|
|
Long Term Capital Gain exempt U/s 10 (38) |
|
0.000 |
|
|
|
|
|
|
|
Long Term Capital Gain |
|
0.061 |
|
|
|
|
|
|
|
Short term Capital Gain -1, Rel. Power (Fraction Shares) |
|
0.000 |
|
|
Short term gains from Securities taxable @ 15% |
|
0.004 |
|
|
Net Short Term
Capital Gain |
|
0.004 |
|
|
|
|
|
|
|
Income
chargeable under the head Capital Gains |
|
|
0.065 |
|
|
|
|
|
|
INCOME FROM
OTHER SOURCES |
|
|
|
|
Bank Interests |
|
0.038 |
|
|
|
|
|
|
|
Interests Income |
0.001 |
|
|
|
International wire Netting Industries |
0.053 |
|
|
|
Interests on L T Refund |
0.006 |
0.059 |
|
|
Deductions |
|
|
|
|
Prof. Fees |
|
0.007 |
|
|
Taxable
Interests |
|
0.052 |
|
|
|
|
|
|
|
Income chargeable under the head Other Sources |
|
|
0.090 |
|
Total |
|
|
0.292 |
|
|
|
|
|
|
Less: Brought Forward losses set off |
|
|
0.002 |
|
Gross Total
Income |
|
|
0.289 |
|
|
|
|
|
|
Deduction under |
|
|
|
|
80D Mediclaim Policy |
|
0.020 |
|
|
80G – Donations |
|
0.006 |
|
|
Investment u/s 80 C CCC CCD |
|
|
|
|
PPF |
0.075 |
|
|
|
Total Investment – Subject to Ceiling u/s 80 CCE |
|
0.075 |
0.101 |
|
|
|
|
|
|
Total Income |
|
|
0.189 |
|
|
|
|
|
|
Total Income Round off u/s 288A |
|
|
|
|
Tax on Long term Capital Gains – 10% |
0.029 |
|
|
|
Tax on Long term Capital Gains – 20% |
0.043 |
|
|
|
Tax on Short term Capital Gains – 15% |
0.004 |
|
|
|
|
|
|
|
|
Tax on Total
Income |
|
|
0.000 |
|
TDS |
|
0.005 |
|
|
Advance Tax |
|
0.013 |
|
|
|
|
|
|
|
Total Prepaid
Taxes |
|
|
0.018 |
|
|
|
|
|
|
Refund Due |
|
|
0.018 |
------------------------------------------------------------------------------------------------------------------------------
(MR. MANAGAL
K. THAKKAR)
CAPITAL
ACCOUNT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2009 |
Particulars |
31.03.2009 |
|
|
|
|
|
|
To Accident Policy Premium |
0.001 |
By Opening Balance B/F |
11.995 |
|
To Adv. Income Tax AY 09-10 |
0.013 |
By Bank Interests |
0.038 |
|
To Adv. Firm Tax A Y 09-10 |
0.054 |
By Dividend |
0.179 |
|
To Bank Charge |
0.000 |
By Interests from Firms |
0.119 |
|
To Donation Expenses |
0.011 |
By Interests from Others |
0.053 |
|
To Drawings |
0.180 |
By Interests on IT Refund |
0.006 |
|
To Electricity Charges |
0.000 |
By Interests from NSC (VIII) |
0.001 |
|
To Fringe Benefit Tax AY 09-10 |
0.009 |
By Interests on PPF |
0.052 |
|
To Firm I Tax Payable Y 08-09 |
0.005 |
By Interests Tax Refund |
0.039 |
|
To Income Tax Payable AY 08-09 |
0.001 |
By Long term Capital Gain |
0.284 |
|
To Loss From Firm |
0.014 |
By Profit From Firm’s |
0.116 |
|
To Mahanagar Gas |
0.002 |
By Rent (Mani Villa) |
0.055 |
|
To Mediclaim |
0.025 |
By Short Term Capital Gain |
0.005 |
|
To Office Rent Expenses |
0.004 |
|
|
|
To Profession Fees |
0.007 |
|
|
|
To Property Tax (Mani Villa) |
0.019 |
|
|
|
To Garage Rent |
0.004 |
|
|
|
To Short Term Capital Loss |
0.003 |
|
|
|
To Tax Deducted at Sources |
0.005 |
|
|
|
To Water Charges (Mani Villa) |
0.025 |
|
|
|
To Closing Balance C/f |
12.560 |
|
|
|
|
|
|
|
|
Total |
12.942 |
Total |
12.942 |
BALANCE
SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
12.560 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
12.560 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.339 |
|
|
TOTAL BORROWING |
|
|
0.339 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.899 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.311 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
6.204 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
1.630 |
|
|
Other Current Assets |
|
|
4.760 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
6.390 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.006 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.006 |
|
|
Net Current Assets |
|
|
6.384 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.899 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF TOTAL INCOME
PARSHWANATH
ELECTRONICS
(RS.
IN MILLIONS)
|
Particulars |
2008-09 |
|
INCOME FROM
BUSINESS |
|
|
|
|
|
Net profit as per profit and Loss A/c |
0.226 |
|
Other Income |
0.000 |
|
|
|
|
GROSS TOTAL
INCOME |
0.226 |
|
|
|
|
Less: Deduction U/s 80C |
|
|
Life Insurance |
0.084 |
|
|
|
|
Total Income |
0.142 |
|
Round Off |
0.000 |
|
|
|
|
Total Income |
0.142 |
|
|
|
|
Tax on Total
Income |
0.003 |
|
Add: Education Cess @ 3% |
0.000 |
|
|
|
|
Tax Liability |
0.003 |
|
|
|
|
Less: Self Assessment Tax Paid |
0.003 |
|
|
|
|
Tax Payable |
NIL |
------------------------------------------------------------------------------------------------------------------------------
PARSHWANATH ELECTRONICS
(PROP.
MR. RAKESH H. JAIN)
BALANCE
SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.476 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.476 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.645 |
|
|
TOTAL BORROWING |
|
|
0.645 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.121 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.203 |
|
|
Sundry Debtors |
|
|
0.039 |
|
|
Cash & Bank Balances |
|
|
0.261 |
|
|
Other Current Assets |
|
|
0.014 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
1.517 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.304 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.092 |
|
Total
Current Liabilities |
|
|
0.396 |
|
|
Net Current Assets |
|
|
1.121 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.121 |
|
PROFIT & LOSS
ACCOUNT
(RS.
IN MILLIONS)
|
|
PARTICULARS |
|
|
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
6.467 |
|
|
|
Other Income |
|
|
0.011 |
|
|
|
TOTAL |
|
|
6.478 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
5.992 |
|
|
|
Salary Expenses |
|
|
0.042 |
|
|
|
Audit Fees |
|
|
0.015 |
|
|
|
Electricity Expenses |
|
|
0.024 |
|
|
|
Conveyance Expenses |
|
|
0.015 |
|
|
|
Telephone Expenses |
|
|
0.030 |
|
|
|
Other Expenses |
|
|
0.134 |
|
|
|
TOTAL |
|
|
6.252 |
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
0.226 |
|
------------------------------------------------------------------------------------------------------------------------------
(MR. RAKESH H. JAIN)
CAPITAL
ACCOUNT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2008 |
Particulars |
31.03.2008 |
|
To LIC |
0.084 |
To Balance B/d |
0.684 |
|
|
|
To Bank Interests |
0.000 |
|
To Balance C/d |
0.636 |
To Parshwanath Electronics |
0.025 |
|
|
|
To Cash |
0.011 |
|
|
|
|
|
|
Total |
0.720 |
Total |
0.720 |
BALANCE
SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.636 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.636 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
1.258 |
|
|
TOTAL BORROWING |
|
|
1.258 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.894 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.639 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.034 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.226 |
|
Total
Current Assets |
|
|
0.260 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.005 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.005 |
|
|
Net Current Assets |
|
|
0.255 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.894 |
|
------------------------------------------------------------------------------------------------------------------------------
MANCO WIRE
PRODUCTS
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.03.2009 |
|
|
|
|
Mangal K, Thakkar (Curr.) Capital Account |
0.085 |
|
Prabha M.
Thakkar (Curr.) Capital Account |
0.200 |
|
Ritesh M.
Takkhar (Curr.) Capital Account |
4.854 |
|
|
|
|
Total |
5.139 |
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.139 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.139 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
1.765 |
|
|
TOTAL BORROWING |
|
|
1.765 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.904 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.136 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2.299 |
|
|
Sundry Debtors |
|
|
4.307 |
|
|
Cash & Bank Balances |
|
|
0.740 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.046 |
|
Total
Current Assets |
|
|
7.392 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.624 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.624 |
|
|
Net Current Assets |
|
|
6.768 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.904 |
|
PROFIT & LOSS
ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
|
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
29.175 |
|
|
|
Other Income |
|
|
0.009 |
|
|
|
TOTAL |
|
|
29.184 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
25.490 |
|
|
|
Direct Expenses |
|
|
0.513 |
|
|
|
Employee Remuneration and Benefits |
|
|
0.690 |
|
|
|
Selling and Administrative Expenses |
|
|
2.304 |
|
|
|
TOTAL |
|
|
28.997 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.187 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.027 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
0.160 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
RAKESH H. JAIN/ MR. MANGAL K. THAKKAR/ MRS. PRABHAVATI M. THAKKAR
(RS.
IN MILLION)
ASSETS
IMMOVABLE
PROPERTY
|
PARTICULARS
|
MR. RAKESH H. JAIN |
MR. MANGAL K. THAKKAR |
MRS. PRABHAVATI M. THAKKAR |
|
|
|
|
|
|
Address of the Property with Survey No./
Door No. etc. |
-- |
-- |
-- |
|
|
|
|
|
|
Description: Land/ Site/ Building |
Land |
Land |
Land |
|
|
|
|
|
|
Whether Freehold/ Leasehold |
-- |
Freehold |
Freehold |
|
|
|
|
|
|
Type of Property Commercial/ Residential/ Agricultural |
Commercial |
Residential |
-- |
|
|
|
|
|
|
Present
Market/ Assessed Value |
1.598 |
2.721 |
0.000 |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ Firm/ Concern in
which investment is made |
-- |
Manco and
Company Manco Wire
Products MNR Wire
Products |
Manco Wire
Products Akmo Trading
Company |
|
|
|
|
|
|
Present
Value of Investments |
-- |
1.196 |
0.510 |
DEPOSITS
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Bank/ Company Where deposits
are held |
DCB Thane Bank
Limited |
Bank of State Bank of |
Bank of CITI bank Tata Motors FD |
|
|
|
|
|
|
Nature of deposits |
Savings |
Savings |
Savings |
|
|
|
|
|
|
Present
Value of Deposits |
0.032 |
0.933 |
0.116 |
GOVERNMENT
SECURITY/ NSC/ NSS ETC
|
Present
Value of securities |
0.000 |
0.770 |
0.731 |
SHARES/
DEBENTURES/ MUTUAL FUNDS/ UNITS ETC
|
Description |
-- |
-- |
-- |
|
|
|
|
|
|
Present
Value |
0.000 |
6.203 |
5.454 |
OTHER
ASSETS
|
Furniture and Fixtures |
0.041 |
-- |
-- |
|
|
|
|
|
|
Cash in Hand |
0.001 |
0.696 |
0.008 |
|
|
|
|
|
|
Jewellery |
-- |
-- |
0.173 |
|
|
|
|
|
|
Plant and Machinery |
-- |
0.007 |
-- |
|
|
|
|
|
|
Other Assets if any |
|
|
|
|
-
Loan and advance |
0.226 |
0.288 |
0.972 |
|
-
Other Net current assets |
-- |
0.089 |
-- |
|
|
|
|
|
|
Total
Value of Other Assets |
0.268 |
1.080 |
1.153 |
|
TOTAL
ASSETS |
RS.1.898 MILLIONS |
RS.12.903 MILLIONS |
RS.7.964 MILLIONS |
LIABILITIES
FURNISH
LOANS AVAILED FROM BANKS/ FINANCIAL INSTITUTIONS AND OTHER BORROWINGS
|
Amount Outstanding |
1.263 |
0.344 |
0.072 |
|
NET
WORTH |
RS.0.635 MILLION |
RS.12.559 MILLIONS |
RS.7.982 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF IMMOVABLE PROPERTY
PART – I
(QUESTIONNAIRE)
GENERAL
INFORMATION
|
Purpose for
which Valuation made |
To assess the
Fair Market value for the purpose of collateral security / availing Housing
Loan from corporation Bank, A. R Street Branch |
|
|
|
|
Date on which
visit made |
19th
September, 2010 |
|
|
|
|
Name of the
Owner/ Owners |
Mr. Rakesh Hemraj
Jain M/S |
|
|
|
|
If the property
is under Joint Ownership co-ownership, Share of each owner is the share
undivided |
Ownership as per
Conveyance dated 28.04.2006 And Certificate
No. Not Applicable 7/12 extract dated 23.11.2005 |
|
|
|
|
Brief
Description of the Property |
The Said
Property Consists of Industrial Premises at Ground floor,
with Open N. A. Land At Plot No.21,
Ambica Udhyog Nagar |
|
|
|
|
Location,
Street, Ward No. |
Tal- Palghar,
District Thane – 401407, |
|
|
|
|
Survey / Plot
No. of Land |
C.T.S. No.5447,
S. No. 297, H. No.2 (Pt) at Village Kolekalyan, Tal Andheri |
|
|
|
|
It the Property
situated in residential/ commercial/ Mixed / Industrial area |
Industrial
Area |
|
|
|
|
Classification
of locality – high class/ Middle Class/ Poor Class. |
Middle Class |
|
|
|
|
Proximity to
civic amenities like schools offices, hospitals, market, cinemas, etc. |
Available at about
2 to 3 km distance. Railway Station, Palghar, at 3 km distance. |
|
|
|
|
Means and
proximity to surface Communication by which the locality is Served. |
|
|
|
|
|
LAND |
|
|
Area of land supported
by documentary |
Residential Premises On Ground floor, with
open N A Land at Plot No.21, Ambica Udyog Nagar, admeasuring Carpet Area 3708
sq. ft. (Actual) plus loft 548 sft. and RCC Built up area 3800 sft and sheds 1024
sft as per my opinion and Plot area 6889 sq. ft. (640 m2) as per agreement. |
|
|
|
|
Roads or lanes
on which land is abutting |
At Palghar, |
|
|
|
|
Is it freehold
or lease land |
|
|
|
|
|
Does the land fall
in area included in town planning scheme or any development of Govt. of any
statutory body? If so, give particulars |
Falls within
limits of Palghar Gram, Panchayat Tal – Palghar |
|
|
|
|
Has any contribution
been made towards development or is any contribution still outstanding? |
Surrounded by
compound wall and gates |
|
|
|
|
IMPROVEMENTS |
|
|
Is the building
owner occupied, tenant, or both |
Owner occupied
(Industrial Premises) |
|
|
|
|
What is F. S. I.
permissible and percentage actually utilized? |
NOC of Gram
Panchayat Palghar No.459/07-08/ dated 08.09.2007. |
|
|
|
|
RENTS |
|
|
Give details of
water and electricity charges if any to be borne by the owner. |
Borne by Owner. |
|
|
|
|
If a pump is
installed, who has to bear the cost. |
Cost borne by
the owner |
|
|
|
|
Who has to bear
the cost of electricity for lighting of common space like entrance, hail
stairs, passages, compounds etc. |
Maintained and
borne by owner. |
|
|
|
|
What is the
amount of property tax? Who to bear it? Give details with documentary proof |
Included in
society Maintenance charges and borne by Owner |
|
|
|
|
SALES |
|
|
Give instance of sale of immovable property in
the locality on a separate sheet, including the name and address of the
property, registration No. sale price and area land sold/ Land rate/ adopted
in this valuation |
The Fair Market
Value of the said Property is assessed from the market survey and inquiry
from Local Estate Agents. The afctory is
on Grtound Floor, Building is Partly 20 years old and Partly new. |
|
|
|
|
If sale
instances are not available or relied upon the basis of arriving at the land
rate |
Considering the above
factors the Fair Market Value of said Premises is as follows :- The RCC Built up
area 3800 sq. A-C, Sheet Sheds
1024 aft @ Rs.400/- = Rs.0.410 Million Cost of Land
6889 sft @ Rs.400/- = Rs.2.756 Millions. Total = Rs.6.205
Millions. |
|
|
|
|
COST OF
CONSTRUCTION: |
|
|
Year of
commencement of construction and year of completion. |
Partly
constructed in 1990 and Partly New 2010. |
TECHNICAL
DETAILS FOR THE PREMISES
|
No of floor and
height of floor. |
Ground Floor
having side height 20’-0 and Center height 25’-0. |
|
|
|
|
Plinth
area-floor- wise. (As per is: 3861-1966) |
Residential Premises On Ground floor, with open
N A Land at Plot No.21, Ambica Udyog Nagar, admeasuring Carpet Area 3708 sq.
ft. (Actual) plus loft 548 sft. and RCC Built up area 3800 sft and sheds 1024
sft as per my opinion and Plot area 6889 sq. ft. (640 m2) as per agreement. |
|
|
|
|
Year of construction |
Partly
constructed in 1990 and Partly New 2010. |
|
|
|
|
Estimated future
life |
Approx. 40 Years |
|
|
|
|
Types of
construction- load bearing wall / R.C.C. |
RCC Framed
Structure |
|
|
|
|
Types of
Foundations. |
RCC |
|
|
|
|
WALLS |
|
|
Basement and
plinth |
9” thick brick
masonry |
|
Super structure
above |
9” thick brick
masonry |
|
|
|
|
Partitions |
NA |
|
|
|
|
Door and windows
(Floor -wise) |
Wooden Frame,
Flush Door and Aluminium windows. For Office Area and M. S. Rolling Shutter and
RC Grill windows. |
|
|
|
|
Flooring (Floor-
Wise) |
Vitrified Tiles
flooring in Office Area Kota Stone Floor in Factory Area. |
|
|
|
|
Finishing (Floor
-wise) |
Sand face cement
plaster externally and neeru cement plaster internally. |
|
|
|
|
Roofing and
terracing |
A. C. Sheet
Roofing. |
|
|
|
|
Special
architectural or decorative features if any |
Not Provided |
|
|
|
|
Internal wiring-
surface or conduit. |
Surface |
|
Class of
fittings superior / ordinary / poor |
Average Quality |
|
|
|
|
Sanitary
installations. |
WC / |
|
Class of
fittings superior coloured/ superior white/ ordinary |
Average Quality |
|
|
|
|
Compound wall |
Masonry Wall
provided with Gates. |
|
|
|
|
No. of lifts and
capacity. |
Nil |
|
|
|
|
Underground sump. |
Provided |
|
Capacity |
as per Palghar
Gram Panchayat Regulations |
|
Type of
construction |
R.C.C. |
|
|
|
|
Overhead Tank |
Provided |
|
Where located |
On Toilet B lock
|
|
Capacity |
As per Palghar
Gram Panchayat Regulations |
|
Type of construction |
R.C.C. |
|
|
|
|
Pumps No. and
their horse power |
Provided of
adequate capacity |
|
|
|
|
Roads and paving
within the compound, approx area, type of paving. |
Concreted Coba
Paving |
|
|
|
|
Sewage disposal /
whether connected to public sewers. If septic tanks provided, no. and
capacity. |
Connected to
Septic Tank |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Furniture and Fixture
· Air Conditioner
· Cycle
· Scooter
· Office Equipments
· Computers
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.45.58 |
|
|
1 |
Rs.72.79 |
|
Euro |
1 |
Rs.62.01 |
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.