MIRA
INFORM REPORT
|
Report Date : |
28.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
EMPIRE LEAD REFINERIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
25, Gangadwar Sanyas Ashram, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
09.07.2008 |
|
|
|
|
Com. Reg. No.: |
184457 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13206MH2008PTC184457 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME08316A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCE0230H |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturers, Importers and Distributors of Acid Batteries. |
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 : |
Yet to Commence Activities |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
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|
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|
Comments : |
Subject was incorporated in 2008 but had not commenced business as per
last available financials of 31.03.2010. The networth statement and valuation
however seems to be satisfactory. Trade relations are reported as fair. It would be advisable to take adequate securities while dealings 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 : |
Ms. Shalini |
|
Designation : |
Accountant |
|
Date : |
20.01.2011 |
LOCATIONS
|
Registered Office : |
25, Gangadwar Sanyas Ashram, |
|
Tel. No.: |
91-22-28345450 |
|
Fax No.: |
91-22-28220462 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
2, Madhu Industrial Estate, |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.1674, Sarigam Industrial Estate, Railway Station Bhilad,
Sarigam, Tal. Umbergaon, District |
|
Mobile No.: |
91-9322211586/ 9322226781/ 9322223493 |
DIRECTORS
|
Name : |
Mr. Bhupendra Sanghavi |
|
Designation : |
Director |
|
Address : |
25, Gangadwar Sanyas Ashram, |
|
Date of Birth/Age : |
06.05.1948 |
|
PAN No.: |
AAHPS6445G |
|
|
|
|
Name : |
Mr. Manoj Sanghavi |
|
Designation : |
Director |
|
Address : |
Mahesh Sadan, |
|
Date of Birth/Age : |
15.04.1954 |
|
PAN No.: |
AAHPS6490D |
|
|
|
|
Name : |
Mr. Rajiv Sanghavi |
|
Designation : |
Director |
|
Address : |
Flat No.25, Sanyas Ashram, |
|
Date of Birth/Age : |
08.04.1974 |
|
PAN No.: |
AAHPS6444H |
KEY EXECUTIVES
|
Name : |
Ms. Shalini |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 22.10.2010)
|
Names of Shareholders |
|
Percentage |
|
|
|
|
|
Rajiv Sanghavi |
|
45% |
|
Bhupendra Sanghavi |
|
10% |
|
Manoj Sanghavi |
|
45% |
|
|
|
|
|
Total |
|
100.00% |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Importers and Distributors of Acid Batteries. |
|
|
|
|
Imports : |
|
|
Products : |
· Raw Materials · Lead Acid Batteries |
|
Countries : |
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30-60-90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30-60-90 days) |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
|
|
|
|
No. of Employees : |
10 (Approximately) |
|
|
|
|
Bankers : |
·
Corporation Bank Mandvi Branch, Mumbai, ·
State Bank of |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. S. Tanksali and Company Chartered Accountant |
|
Address : |
26, Shefali, B Wing, Makrand Society, Veer Savarkar Marg, Mahim
(West), Mumbai – 400018, |
|
Tel. No.: |
91-22-24225068 |
|
Fax No.: |
91-22-24227283 |
|
|
|
|
Name : |
K P M and Associates Chartered Accountant |
|
Address : |
Building No.17, Flat No.259, Ground Floor, Aadarsh Nagar, |
|
Tel. No.: |
91-22-24225068 |
|
Email : |
|
|
|
|
|
Associates/Subsidiaries : |
· Empaire Industries – Partnership Firm Address: 25, Gangadwar Sanyas Ashram, Banks: Corporation Bank · Empire Batteries – Proprietorship Firm Address: 25, Gangadwar Sanyas Ashram, Bank: ICICI Bank |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Share |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Share |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(0.589) |
(0.029) |
|
|
NETWORTH |
|
(0.489) |
0.071 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
9.569 |
2.696 |
|
|
TOTAL BORROWING |
|
9.569 |
2.696 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
9.080 |
2.767 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
8.234 |
2.707 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.121 |
0.064 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
1.180 |
0.013 |
|
Total
Current Assets |
|
1.301 |
0.077 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor and Other Current Liabilities |
|
0.432 |
0.000 |
|
|
Provisions |
|
0.023 |
0.017 |
|
Total
Current Liabilities |
|
0.455 |
0.017 |
|
|
Net Current Assets |
|
0.846 |
0.060 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
9.080 |
2.767 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
0.000 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative Expenses |
|
0.555 |
0.029 |
|
|
|
TOTAL |
|
0.555 |
0.029 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
(0.555) |
(0.029) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.005 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
(0.560) |
(0.030) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
(0.560) |
(0.030) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(0.030) |
-- |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(0.590) |
(0.030) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
56/- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(5.87) |
(1.08) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.15 |
(0.42) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
(20.50) |
38.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.86 |
4.53 |
LOCAL AGENCY FURTHER INFORMATION
PROFIT AND LOSS ACCOUNT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||||
|
Goss Sales |
|
|
|
|
|
|
Domestic Sales |
36.713 |
146.066 |
183.013 |
229.100 |
287.053 |
|
Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total |
36.713 |
146.066 |
183.013 |
229.100 |
287.053 |
|
|
|
|
|
|
|
|
Less : Excise Duty |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net
Sales |
36.713 |
146.066 |
183.013 |
229.100 |
287.053 |
|
|
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
0.00 |
298 |
25 |
25 |
25 |
|
|
|
|
|
|
|
|
Other Operating
Income |
|
|
|
|
|
|
Export Incentives |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Duty Drawback |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
2.136 |
2.364 |
2.618 |
2.904 |
3.224 |
|
|
|
|
|
|
|
|
Total Operating
Income |
38.849 |
148.430 |
185.631 |
232.004 |
290.277 |
|
|
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials [Including stores and other items used in
the process of manufacture] |
|
|
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
[b] Indigenous |
22.325 |
127.256 |
161.615 |
200.403 |
252.507 |
|
|
|
|
|
|
|
|
Other Spares Consumed |
|
|
|
|
|
|
[a] Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
[b] Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Power and Fuel |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Direct labour |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
[Factory Wages and Salaries] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Operational Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Depreciation |
2.745 |
2.908 |
2.528 |
2.205 |
1.928 |
|
|
|
|
|
|
|
|
SUB
TOTAL |
25.070 |
130.164 |
164.143 |
202.608 |
254.435 |
|
|
|
|
|
|
|
|
Add : Opening Stocks of WIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Deduct : Closing Stocks of WIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Cost
of Production |
25.070 |
130.164 |
164.143 |
202.608 |
254.435 |
|
|
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.000 |
1.116 |
3.817 |
8.080 |
10.020 |
|
|
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
1.116 |
3.817 |
8.080 |
10.020 |
12.625 |
|
|
|
|
|
|
|
|
Sub
– Total (Total Cost of Sales) |
23.954 |
127.463 |
159.880 |
200.668 |
251.830 |
|
|
|
|
|
|
|
|
Marketing, General and Administrative Expenses |
12.823 |
16.403 |
20.445 |
25.488 |
31.782 |
|
|
|
|
|
|
|
|
Sub
Total |
36.777 |
143.866 |
180.325 |
226.156 |
283.612 |
|
|
|
|
|
|
|
|
Operation profit before interest |
2.072 |
4.564 |
5.306 |
5.848 |
6.665 |
|
|
|
|
|
|
|
|
Interest |
1.022 |
2.879 |
2.611 |
2.344 |
2.075 |
|
|
|
|
|
|
|
|
Operating profit after interest |
1.050 |
1.685 |
2.695 |
3.504 |
4.590 |
|
|
|
|
|
|
|
|
Non-Operating Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Non-Operating Expenses |
0.001 |
0.001 |
0.001 |
0.001 |
0.001 |
|
|
|
|
|
|
|
|
Net
of Other Non-Operating Income/ Expenses |
0.001 |
0.001 |
0.001 |
0.001 |
0.001 |
|
|
|
|
|
|
|
|
Profit Before Tax / Loss |
1.049 |
1.684 |
2.694 |
3.503 |
4.589 |
|
|
|
|
|
|
|
|
Provision for Taxes |
0.315 |
0.505 |
0.808 |
1.050 |
1.376 |
|
|
|
|
|
|
|
|
Net Profit / Loss |
0.734 |
1.179 |
1.886 |
2.453 |
3.213 |
|
|
|
|
|
|
|
|
Retained Profit |
0.734 |
1.179 |
1.886 |
2.453 |
3.213 |
|
|
|
|
|
|
|
|
Cash Accruals |
3.480 |
4.088 |
4.415 |
4.659 |
5.142 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||||
|
LIABILITIES |
|
|
|
|
|
|
Short – Term borrowings from banks [including bills,
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
|
|
|
From Application Bank |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
From other banks |
0.000 |
0.00 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub
Total |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
Short Term Borrowings from promoters |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sundry creditors [Trade] |
3.625 |
3.925 |
5.689 |
6.238 |
7.256 |
|
Advance payments from customers/ Deposits from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision for tax |
0.315 |
0.505 |
0.808 |
1.050 |
1.376 |
|
Dividend payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other statutory liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Installments of term loans/ DPGs/ debentures, etc [due
within one month] For New Project |
2.142 |
2.142 |
2.142 |
2.142 |
2.142 |
|
Other current liabilities and provisions [due within one
year] [Specify major items] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
16.082 |
16.572 |
18.639 |
19.430 |
20.774 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
Debentures [not maturing within one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Preference Shares [Redeemable after 1 year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term loans [excluding installments payable within one
year] For New Project |
11.965 |
9.823 |
7.681 |
5.539 |
3.397 |
|
Deferred Payment Credits [excluding installments due
within one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term deposit [repayable after one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
11.965 |
9.823 |
7.681 |
5.539 |
3.397 |
|
|
|
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
28.047 |
26.395 |
26.320 |
24.969 |
24.171 |
|
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares Capital |
1.100 |
4.600 |
4.600 |
4.600 |
4.600 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans (Quasi Capital) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Capital Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Revaluation Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other |
14.802 |
14.802 |
14.802 |
14.802 |
14.802 |
|
Surplus [+] or deficit [-] in Profit and Loss Account |
0.463 |
2.147 |
4.841 |
8.343 |
12.931 |
|
|
|
|
|
|
|
|
TOTAL
NET WORTH |
15.265 |
16.949 |
19.643 |
23.145 |
27.733 |
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
44.412 |
47.944 |
50.563 |
52.714 |
56.504 |
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.356 |
0.646 |
0.714 |
0.796 |
0.838 |
|
|
|
|
|
|
|
|
Investments [Other than long term investments] |
|
|
|
|
|
|
- Government and
other Trustee securities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Fixed deposit
with bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Receivables other than deferred and exports |
7.271 |
10.532 |
11.046 |
13.139 |
15.886 |
|
|
|
|
|
|
|
|
Inventory
|
|
|
|
|
|
|
Raw Material Consumed |
|
|
|
|
|
|
- Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Work in Process |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Finished Goods (Including Traded Goods) |
1.116 |
3.817 |
8.080 |
10.020 |
12.625 |
|
|
|
|
|
|
|
|
Total
Inventory |
1.116 |
3.817 |
8.080 |
10.020 |
12.625 |
|
|
|
|
|
|
|
|
Advances to suppliers of Raw Materials and stores/spares |
1.155 |
1.155 |
1.155 |
1.155 |
1.155 |
|
Advance payment of taxes |
0.316 |
0.505 |
0.809 |
1.051 |
1.377 |
|
Other current assets (specify major items) |
0.606 |
0.606 |
0.606 |
0.606 |
0.606 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
10.820 |
17.261 |
22.410 |
26.767 |
32.487 |
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
Gross Block (Land and Building, Machinery,
Work-In-Progress) |
36.326 |
36.326 |
36.326 |
36.326 |
36.326 |
|
Depreciation to date |
2.745 |
5.653 |
8.182 |
10.387 |
12.316 |
|
|
|
|
|
|
|
|
NET
BLOCK |
33.581 |
30.673 |
28.144 |
25.939 |
24.010 |
|
|
|
|
|
|
|
|
OTHER
NON – CURRENT ASSETS |
|
|
|
|
|
|
Investments/ book/ debts/ advances/ deposits which are not
Current Assts |
|
|
|
|
|
|
[a] Investments in Subsidiary companies/ affiliates |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
[b] Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
ii] Advances to suppliers of capital goods and contractors
|
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
iii] Deferred receivables [maturity exceeding one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
iv] Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Miscellaneous Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Non consumables Stores and Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other non – current assets including dues from directors
(Deferred Tax Assets) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Intangible assets [Patents, goodwill, prelim, expenses,
bad/ doubtful expenses Not provided for etc.] |
0.011 |
0.010 |
0.009 |
0.008 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
44.412 |
47.944 |
50.563 |
52.714 |
56.504 |
|
|
|
|
|
|
|
|
TANGIBLE
NET WORTH |
15.265 |
16.949 |
19.643 |
23.145 |
27.733 |
|
|
|
|
|
|
|
|
NET
WORKING CAPITAL |
(5.262) |
0.689 |
3.771 |
7.337 |
11.713 |
|
|
|
|
|
|
|
|
Current Ratio |
0.67 |
1.04 |
1.20 |
1.38 |
1.56 |
|
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net Worth |
1.84 |
1.56 |
1.34 |
1.08 |
0.87 |
------------------------------------------------------------------------------------------------------------------------------
BUSINESS PROJECTIONS AND DSCR (COMPANY ONLY)
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||||
|
Capacity Utilisation |
|
|
|
|
|
|
Net Sales |
36.713 |
146.066 |
183.013 |
229.100 |
287.053 |
|
PAT |
0.735 |
0.983 |
2.028 |
2.596 |
3.355 |
|
|
|
|
|
|
|
|
Cash Profit |
3.480 |
3.891 |
4.556 |
4.801 |
5.283 |
|
Add: Interests on TL |
0.606 |
1.629 |
1.361 |
1.093 |
0.825 |
|
|
|
|
|
|
|
|
Total (A) |
4.086 |
5.520 |
5.917 |
5.894 |
6.108 |
|
|
|
|
|
|
|
|
Installments due under TLs |
|
|
|
|
|
|
- Existing TLs |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Proposed TLs |
2.257 |
2.257 |
2.257 |
2.257 |
2.257 |
|
Interests on TLs |
0.606 |
1.629 |
1.361 |
1.093 |
0.825 |
|
|
|
|
|
|
|
|
Total
(B) |
2.863 |
3.886 |
3.618 |
3.350 |
3.082 |
|
|
|
|
|
|
|
|
DSCR (A/B) |
1.43 |
1.42 |
1.64 |
1.76 |
1.98 |
|
|
|
|
|
|
|
|
Average DSCR |
-- |
||||
------------------------------------------------------------------------------------------------------------------------------
DSCR SCENARIOS FOR A COMPANY
(AS DISTINGUISHED FROM A PROJECT)
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||||
|
Scenario for a
fall in Total Operating Income |
|
|
|
|
|
|
% fall in revenue |
-- |
-- |
-- |
-- |
-- |
|
Total Operating Income (Shocked Downwards) |
38.849 |
148.430 |
185.631 |
232.004 |
290.277 |
|
Cost of Sales + SGA |
36.777 |
143.866 |
180.325 |
226.156 |
283.612 |
|
Operating Profit Before Interests
|
2.072 |
4.564 |
5.306 |
5.848 |
6.665 |
|
Interests |
1.022 |
2.879 |
2.611 |
2.343 |
2.075 |
|
Operating Profit After Interests |
1.050 |
1.685 |
2.695 |
3.505 |
4.590 |
|
Net of Non Operating Income/ Expenses |
0.000 |
0.000 |
0.141 |
0.141 |
0.141 |
|
Profit Before Tax |
1.050 |
1.685 |
2.836 |
3.646 |
4.731 |
|
Provision for Tax |
0.315 |
0.702 |
0.808 |
1.050 |
1.376 |
|
Profit After Tax |
0.735 |
0.983 |
2.028 |
2.596 |
3.355 |
|
Installments of Term Loan/ Deferred Payment Credits/ debentures/
deposits (due within one year) |
2.257 |
2.257 |
2.257 |
2.257 |
2.257 |
|
Interests on Term Loans/ Deferred Payment Credits/ debentures/
deposits (due within one year) |
0.606 |
1.629 |
1.361 |
1.093 |
0.825 |
|
DSCR (For a fall in Opening revenue) |
1.43 |
1.42 |
1.64 |
1.76 |
1.98 |
|
Average DSCR |
-- |
||||
|
|
|
||||
|
|
|||||
|
Scenario for a
rise in Total Operating Expenses |
|
|
|
|
|
|
% fall in revenue |
-- |
-- |
-- |
-- |
-- |
|
Total Operating Income (Shocked Downwards) |
38.849 |
148.430 |
185.631 |
232.004 |
290.277 |
|
Cost of Sales + SGA |
36.777 |
143.866 |
180.325 |
226.156 |
283.612 |
|
Operating Profit Before Interests
|
2.072 |
4.564 |
5.306 |
5.848 |
6.665 |
|
Interests |
1.022 |
2.879 |
2.611 |
2.343 |
2.075 |
|
Operating Profit After Interests |
1.050 |
1.685 |
2.695 |
3.505 |
4.590 |
|
Net of Non Operating Income/ Expenses |
0.000 |
0.000 |
0.141 |
0.141 |
0.141 |
|
Profit Before Tax |
1.050 |
1.685 |
2.836 |
3.646 |
4.731 |
|
Provision for Tax |
0.315 |
0.702 |
0.808 |
1.050 |
1.376 |
|
Profit After Tax |
0.735 |
0.983 |
2.028 |
2.596 |
3.355 |
|
Installments of Term Loan/ Deferred Payment Credits/ debentures/
deposits (due within one year) |
2.257 |
2.257 |
2.257 |
2.257 |
2.257 |
|
Interests on Term Loans/ Deferred Payment Credits/ debentures/ deposits
(due within one year) |
0.606 |
1.629 |
1.361 |
1.093 |
0.825 |
|
DSCR (For a fall in Opening revenue) |
1.43 |
1.42 |
1.64 |
1.76 |
1.98 |
|
Average DSCR |
-- |
||||
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||||
|
SOURCES OF CASH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before interests and tax less adjustments for non-cash revenue |
4.817 |
7.472 |
7.834 |
8.053 |
8.593 |
|
Depreciation |
2.745 |
2.908 |
2.528 |
2.205 |
1.928 |
|
Preliminary expenses written off |
-- |
-- |
-- |
-- |
-- |
|
Loss on |
-- |
-- |
-- |
-- |
-- |
|
Issue of Equity Shares/ Increase in Reserves |
1.000 |
3.500 |
0.000 |
0.000 |
0.000 |
|
Issue of Preference Shares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Issue of debentures |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Raising of Long Term Loans |
11.965 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Raising of Other Long term Unsecured Loans/ deposits etc. |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Current Liabilities |
5.767 |
0.300 |
1.764 |
0.549 |
1.018 |
|
Decrease in current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Short term Borrowings |
10.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Non-current Assets/ Investments Net of DTL |
0.011 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (A) |
36.305 |
14.180 |
12.127 |
10.807 |
11.540 |
|
|
|||||
|
APPLICATIONS OF
CASH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Redemption of Redeemable Preference Shares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Redemption of Debentures |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Repayment of Long Term Loans |
0.000 |
2.142 |
2.142 |
2.142 |
2.142 |
|
Repayment of Long term Unsecured Loans/ Deposits etc. |
2.696 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Purchases of fixed assets |
28.093 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in current Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in current Assets |
9.261 |
6.251 |
4.845 |
4.116 |
5.393 |
|
Increase in Non Current assets/ Investments |
0.000 |
0.001 |
0.001 |
0.001 |
0.001 |
|
Interests Paid |
1.022 |
2.879 |
2.611 |
2.343 |
2.075 |
|
Tax Paid |
0.315 |
0.505 |
0.808 |
1.050 |
1.376 |
|
Dividend Paid Plus decrease in Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (B) |
41.387 |
11.778 |
10.407 |
9.652 |
10.987 |
|
|
|
|
|
|
|
|
Net Surplus (A –
B) |
(5.082) |
2.402 |
1.720 |
1.155 |
0.553 |
|
|
|
|
|
|
|
|
Opening Cash
Balance |
0.089 |
0.357 |
0.646 |
0.714 |
0.797 |
|
|
|
|
|
|
|
|
Closing Cash
Balance |
0.357 |
0.646 |
0.714 |
0.797 |
0.838 |
------------------------------------------------------------------------------------------------------------------------------
SOURCES AND APPLICATION OF FUND
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Projected) |
||||
|
SOURCES |
|
|
|
|
|
|
Opening Balance (Cash and Cash) |
0.121 |
0.356 |
0.646 |
0.712 |
0.796 |
|
Receipts |
31.567 |
145.171 |
185.118 |
229.912 |
287.532 |
|
Addition During the Year |
1.000 |
3.500 |
-- |
-- |
-- |
|
Bank Term Loan |
15.000 |
-- |
-- |
-- |
-- |
|
Bank CC |
10.000 |
-- |
-- |
-- |
-- |
|
Unsecured Loans |
5.233 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Grand Total |
62.921 |
149.027 |
185.764 |
230.625 |
288.327 |
|
|
|||||
|
APPLICATION |
|
|
|
|
|
|
Expenses |
32.997 |
146.238 |
182.909 |
227.686 |
285.348 |
|
Loan
Repayment |
|
|
|
|
|
|
Addition of Fixed Assets |
28.093 |
-- |
-- |
-- |
-- |
|
Deposits |
0.581 |
-- |
-- |
-- |
-- |
|
Repayment of Term Loan |
0.893 |
2.143 |
2.143 |
2.143 |
2.143 |
|
Closing Cash and Bank Balance |
0.356 |
0.646 |
0.712 |
0.796 |
0.836 |
|
|
|
|
|
|
|
|
Grant
Total |
62.921 |
149.027 |
185.764 |
230.625 |
288.327 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF TOTAL INCOME
(EMPIRE
LEAD REFINERIES PRIVATE LIMITED)
(RS.
IN MILLIONS)
|
Particulars |
2010-2011 |
||
|
|
|
||
|
INCOME FROM
BUSINESS/ PROFESSION |
|
|
|
|
Business |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit
before Tax (P1) |
|
(0.560) |
|
|
|
|
|
|
|
Additions |
|
|
|
|
Sec – 40 –
Amount Disallowable under Section 40 (a) (i), 40 (a) (ia) and 40 (a) (iii) on
account of noncompliance with the provisions of chapter XVII -B-TDS Not
Deducted |
0.166 |
|
|
|
Total Additions
U/S.28 to 44DA |
|
0.166 |
|
|
|
|
|
|
|
Total Additions
(P2) |
|
0.166 |
|
|
|
|
|
|
|
Total Deductions
– P3 |
|
0.000 |
|
|
|
|
|
|
|
Income from
Business / Profession B1 = (P1+P2+P3) |
|
(0.394) |
|
|
|
|
|
|
|
Unaudited current year loss Carried Forward: |
|
|
|
|
- Other Business Losses |
|
0.394 |
0.394 |
|
|
|
|
|
|
Gross Total
Income |
|
|
0.000 |
|
|
|
|
|
|
Total Income |
|
|
0.000 |
|
|
|
|
|
|
Tax on Total
Income |
|
|
0.000 |
|
|
|
|
|
|
Total Tax |
|
|
0.000 |
|
|
|
|
|
|
Balance Tax
Payable / (Refund Due) |
|
|
NIL |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF TOTAL INCOME
(MR. BHUPENDRA GANGADAS
SANGHAVI)
(RS. IN MILLIONS)
|
Particulars |
2010-2011 |
|
|
|
|
|
|
HOUSE PROPERTY |
|
0.022 |
|
|
|
|
|
BUSINESS AND PROFESSION |
|
0.492 |
|
|
|
|
|
INCOME FROM OTHER SOURCES |
|
0.005 |
|
|
|
|
|
GROSS TOTAL INCOME |
|
0.519 |
|
|
|
|
|
Less: Deduction under Chapter VI – A |
|
0.115 |
|
Total |
|
0.403 |
|
|
|
|
|
Total Income
(Rounded U/s 288 A) |
|
0.403 |
|
|
|
|
|
Income claimed to be exempt from Income Tax |
|
0.038 |
|
|
|
|
|
Tax Payable |
|
0.035 |
|
|
|
|
|
Add: Education Cess @ 2% |
0.001 |
|
|
Add: Secondary and Higher education Cess @
1% |
0.000 |
0.001 |
|
|
|
0.036 |
|
|
|
|
|
Less: Advance Tax Paid |
|
0.040 |
|
|
|
|
|
REFUNDABLE AMOUNT |
|
(0.003) |
(MR.
BHUPENDRA GANGADAS SANGHAVI)
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To Bank Charges |
0.000 |
By Balance B/f |
3.332 |
|
To Donation |
0.001 |
By Empire
Industries |
|
|
To Drawings |
0.160 |
- Interests on Capital |
0.387 |
|
To Interests
Paid |
|
- Remuneration |
0.305 |
|
- Arti R. Shah |
0.006 |
- Share of Profit |
0.026 |
|
- B G Sanghavi HUF |
0.032 |
By Bank
Interests |
0.002 |
|
- G. N. Sanghavi HUF |
0.020 |
By Rent Income |
0.045 |
|
- Manoj G. Sanghavi HUF |
0.006 |
By Share
Dividend |
0.008 |
|
- Saryu B. Sanghavi |
0.015 |
By PPF ACC.
Interests |
0.004 |
|
- Mehul H. Mehta HUF |
0.120 |
By NSC ACC
Interests |
0.003 |
|
To Locker Rent |
0.003 |
By LIC Maturity
received |
0.092 |
|
To Demat Charges
|
0.004 |
|
|
|
To Legal Fee
Paid |
0.008 |
|
|
|
To Rent Paid to |
0.001 |
|
|
|
To Top Linw
Awxueiry |
0.010 |
|
|
|
To Charkop Sai
Mangal Soc. |
0.014 |
|
|
|
To Charkop Sai
Mangal P. Tax |
0.014 |
|
|
|
To Bank |
0.003 |
|
|
|
To Profession
Tax |
0.003 |
|
|
|
To Share of Firm
Tax |
0.057 |
|
|
|
To Share of FBT |
0.002 |
|
|
|
To Share of TDS
Old (08-09) |
0.000 |
|
|
|
To Share of TDS
(Comm) |
0.003 |
|
|
|
To Share of TDS
Bank FD |
0.001 |
|
|
|
To Personal
Accident Policy |
0.001 |
|
|
|
To Personal IT
(2008-09) |
0.055 |
|
|
|
To Membership
Fees |
0.005 |
|
|
|
To Share of
Advance Tax |
0.050 |
|
|
|
To Advance Tax |
0.040 |
|
|
|
To ICICI
Insurance LIC |
0.050 |
|
|
|
To LIC Premium |
0.059 |
|
|
|
To Mediclaim |
0.020 |
|
|
|
To Balance C/f |
3.441 |
|
|
|
|
|
|
|
|
Total |
4.204 |
Total |
4.204 |
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.441 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
3.441 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
1.658 |
|
|
TOTAL BORROWING |
|
|
1.658 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.099 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.818 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.085 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.099 |
|
|
Other Current Assets |
|
|
4.040 |
|
|
Loans & Advances |
|
|
0.132 |
|
Total
Current Assets |
|
|
4.271 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.075 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.075 |
|
|
Net Current Assets |
|
|
4.196 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.099 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF TOTAL INCOME
(MR. MANOJ
GANGADAS SANGHAVI)
(RS. IN MILLIONS)
|
Particulars |
2010-2011 |
|
|
|
|
|
|
BUSINESS AND PROFESSION |
|
0.334 |
|
|
|
|
|
INCOME FROM OTHER SOURCES |
|
0.002 |
|
|
|
|
|
GROSS TOTAL INCOME |
|
0.336 |
|
|
|
|
|
Less: Deduction under Chapter VI – A |
|
0.075 |
|
Total |
|
0.261 |
|
|
|
|
|
Total Income (Rounded
U/s 288 A) |
|
0.261 |
|
|
|
|
|
Income claimed to be exempt from Income Tax |
|
0.055 |
|
|
|
|
|
Tax Payable |
|
0.010 |
|
|
|
|
|
Add: Education Cess @ 2% |
0.000 |
|
|
Add: Secondary and Higher education Cess @
1% |
0.000 |
|
|
|
|
0.000 |
|
Add: Interests u/s 234 |
|
0.010 |
|
U/s 234 A (1% x 10400x3)/100) |
0.000 |
|
|
U/s 234 B (1% x 10400x7)/100) |
0.001 |
|
|
U/s 234 C (1) (3% x (3100-0) |
0.000 |
|
|
U/s 234
C (21) (3% x (6200-0) |
0.000 |
|
|
U/s 234
C (3) (1% x (10400-0) |
0.000 |
0.001 |
|
|
|
|
|
SA Tax Payable (Rounded U/s 288B) |
|
0.011 |
|
|
|
|
|
Less: Self Assessment Paid |
|
0.011 |
|
|
|
|
|
Net Tax Payable |
|
NIL |
(MR.
MANOJ GANGADAS SANGHAVI)
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To L.I.P. |
0.056 |
By Balance B/f |
1.268 |
|
To Mediclaim |
0.008 |
By Empire
Industries |
|
|
To Professional
Tax |
0.003 |
- Interests on Capital |
0.101 |
|
To TDS on Firm |
0.052 |
- Remuneration |
0.384 |
|
To Loan
Interests Paid |
|
- Share of Profit |
0.053 |
|
- Mansi Sanghavi |
0.026 |
By IT Refund of
Empire |
0.067 |
|
- Manoj G. Sanghavi HUF |
0.066 |
By Dividend |
0.000 |
|
- Urvi H. Sanghavi |
0.006 |
By LIC Maturity |
0.081 |
|
- Suryaben S. Shah |
0.016 |
By PPF Interests |
0.002 |
|
- Rekha P. Shah |
0.016 |
By Saving Bank
Interests |
0.002 |
|
- Unique Corporation |
0.011 |
|
|
|
- Saryu B. Sanghavi |
0.001 |
|
|
|
- Ritesh Bharat Parekh |
0.006 |
|
|
|
To Sinking Fund
Expenses |
0.000 |
|
|
|
To Telephone
Charges |
0.001 |
|
|
|
To Digital
Signature Expenses |
0.002 |
|
|
|
To Lift
Repairing Charges |
0.003 |
|
|
|
To Bank Charges |
0.000 |
|
|
|
To Parking
Charges |
0.001 |
|
|
|
To Personal Acc.
Ins. Premium |
0.001 |
|
|
|
To Society
Maintenance |
0.007 |
|
|
|
To Water Charges
Sona Udyog |
0.000 |
|
|
|
To Drawings |
0.035 |
|
|
|
To Balance C/f |
1.641 |
|
|
|
|
|
|
|
|
Total |
1.958 |
Total |
1.958 |
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.641 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.641 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.004 |
|
|
2] Unsecured Loans |
|
|
3.321 |
|
|
TOTAL BORROWING |
|
|
3.325 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.966 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.139 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.038 |
|
|
Other Current Assets |
|
|
4.789 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
4.827 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
4.827 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.966 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF TOTAL INCOME
(MR. RAJIV
BHUPENDRA SANGHAVI)
(RS. IN MILLIONS)
|
Particulars |
2010-2011 |
|
|
|
|
|
|
HOUSE PROPERTY |
|
0.053 |
|
|
|
|
|
BUSINESS AND PROFESSION |
|
0.339 |
|
|
|
|
|
INCOME FROM OTHER SOURCES |
|
0.046 |
|
|
|
|
|
GROSS TOTAL INCOME |
|
0.438 |
|
|
|
|
|
Less: Deduction under Chapter VI – A |
|
0.108 |
|
Total |
|
0.330 |
|
|
|
|
|
Total Income
(Rounded U/s 288 A) |
|
0.330 |
|
|
|
|
|
Income claimed to be exempt from Income Tax |
|
0.011 |
|
|
|
|
|
Tax Payable |
|
0.020 |
|
|
|
|
|
Add: Education Cess @ 2% |
0.000 |
|
|
Add: Secondary and Higher education Cess @ 1%
|
0.000 |
0.000 |
|
|
|
0.020 |
|
|
|
|
|
Less: Tax Deducted at Sources |
|
0.010 |
|
|
|
|
|
Less: Advance TAX Paid |
|
0.045 |
|
|
|
|
|
Refundable Amount |
|
(0.035) |
|
|
|
|
|
*Note: Previous Year S. Term Loss C/fd to
Subsequent Years |
|
0.002 |
(MR.
RAJIV BHUPENDRA SANGHAVI)
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.03.2010 |
Particulars |
31.03.2010 |
|
|
|
|
|
|
To Drawings |
0.030 |
By Balance B/f |
1.931 |
|
To BMC Tax Apolochamber
|
0.014 |
By LIC Maturity |
0.102 |
|
To Society
Maintenance |
0.014 |
By Net Surplus |
0.492 |
|
To Interests
Paid |
|
By Interests
From |
|
|
- Saryu B. Sanghavi |
0.000 |
- Empire Batteries |
0.012 |
|
- Suryaben S. Shah |
0.063 |
- Yogesh L. Kanakia |
0.006 |
|
- Unique Corporation |
0.014 |
By Rent Received
From |
|
|
- Bhupendra Sanghavi HUF |
0.033 |
- Apollo Chambers Property |
0.075 |
|
- Gangadas Sanghavi HUF |
0.043 |
By PPF Interests |
0.001 |
|
To Digital Signature
Expenses |
0.002 |
By Saving Bank
Interests |
0.004 |
|
To Visa Expenses
|
0.017 |
By Dividend on
Shares |
|
|
To School Fee |
0.076 |
- Kapol Co-operative Bank |
0.000 |
|
To Personal
Accident |
0.000 |
|
|
|
To Membership Lions
Club |
0.010 |
|
|
|
To Advance Tax |
0.045 |
|
|
|
To LIC Premium
(Own) |
0.042 |
|
|
|
To LIC Premium
(Manav) |
0.030 |
|
|
|
To ICICI Prud.
Life Insurance (Minor) |
0.060 |
|
|
|
To Mediclaim |
0.008 |
|
|
|
To Donation |
0.001 |
|
|
|
To Bank Charges |
0.001 |
|
|
|
To TDS On |
|
|
|
|
- Maintenance Contract Income |
0.008 |
|
|
|
- Loan Interests Empire Batteries |
0.001 |
|
|
|
To Balance C/f |
2.111 |
|
|
|
|
|
|
|
|
Total |
2.623 |
Total |
2.623 |
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.111 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.111 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
3.263 |
|
|
TOTAL BORROWING |
|
|
3.263 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.374 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.829 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.102 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.073 |
|
|
Cash & Bank Balances |
|
|
0.043 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
4.597 |
|
Total
Current Assets |
|
|
4.713 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.270 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.270 |
|
|
Net Current Assets |
|
|
4.443 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.374 |
|
PROFIT & LOSS
ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Maintenance Contract Income |
|
|
0.540 |
|
|
|
Other Income |
|
|
0.002 |
|
|
|
TOTAL |
|
|
0.542 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Conveyance |
|
|
0.004 |
|
|
|
Miscellaneous Expenses |
|
|
0.006 |
|
|
|
Salary Paid |
|
|
0.018 |
|
|
|
Telephone Expenses |
|
|
0.022 |
|
|
|
TOTAL |
|
|
0.050 |
|
|
|
|
|
|
|
|
|
NET
PROFIT |
|
|
0.492 |
|
------------------------------------------------------------------------------------------------------------------------------
FRESH CREDIT
PROPOSAL FOR SANCTION OF TERM LOAN AND WORKING CAPITAL CREDIT LIMIT
The applicant is a private limited company
established on 09.07.2008. Their main line of business is Manufacturers,
Importers and distributors of Acid Batteries. The promoters of the company are
Mr. Bhupendra Gangadas Sanghavi, Mr. Manoj Sanghavi and mr. Rajiv B. Sanghavi.
Since last two decades the promoters are in the line of business. One of the
main directors of the company Mr. Bhupendra Gangadas Sanghavi started dealing
in Batteries in the name and style of Empire Industries and Empire Batteries.
Empire Industries, a partnership firm are
presently banking with their Mumbai – Amboli branch and are enjoying CC limit
of Rs.4.000 Millions and L/C limit of Rs.4.500 Millions. Whereas Empire
Batteries is a proprietorship firm and banking with ICICI Bank, Dombivli and
reportedly not enjoying any credit facilities.
The have approached them for the new venture
i.e. Manufacturing of Acid Batteries in a newly constructed Building situated
at Plot No. 1674, GIDC, Sarigam, Taluk Umbergam, and district Valsad. Moreover
they need to undertake foreign exchange transactions and they find that it is
convenient to start banking operation from the branch and hence they have
booked the proposal.
The undersigned made a visit to the proposed
factory premises on 24th of July 2010 along with one of the Director of the
Company Mr. Rajiv B Sanghavi. The factory building is ready and they are now
working on the interiors and other related work. The detailed report prepared
by their Architect and Consultant M/s Classic Consultant, is enclosed for the
record.
The Details of work completed are as under:
|
Particulars |
(Rs. In
Millions) |
|
|
6.431 |
|
Compound Wall — Cost Rs.0.890 Million and
completed 50% |
0.445 |
|
Toilet Block – Cost Rs.0.170 Millions and
Completed 40% |
0.068 |
|
Septic tank and Soak Pit – 100% completed |
0.100 |
|
RCC Underground Storage Tank – 100%
completed |
0.108 |
|
|
|
|
TOTAL CIVIL WORK COMPLETED |
7.152 |
OTHER PENDING WORK FOR THE
|
Particulars |
(Rs. In
Millions) |
|
|
|
|
Watchman Cabin |
0.072 |
|
Plot Filling |
0.618 |
|
|
0.072 |
|
RCC Tank for Chemical Process |
2.640 |
|
Overhead Storage Tank |
0.293 |
|
Chimney Foundation |
0.075 |
|
Gas Meter and Rectifier Room |
0.540 |
|
Washing Tank, Platform and Motor Foundation |
0.072 |
|
ETP Tank |
1.001 |
|
|
|
|
TOTAL |
5.383 |
ABOUT THE PROJECT:
The company proposes to procure raw leads from
the local market or by import. The lead then will be melted in to a temperature
of 350-400 degree Celsius and thereafter will kept in a fiber tank tilled with
fluoborate, a chemical which dissolves pure lead. Once the finished products is
ready, then it will be re-melted in a furnace to give the desired shape as per
requirement and specification of the buyers.
EXPERIENCE:
The promoters are in the line of Importers and
trading of Batteries, UPS, inverter and Home-ups etc., since last 2 decades and
they had achieved a sales turnover of Rs.46.985 Millions as at 31.3.2009 and
have achieved a sales turnover of Rs.135.000 Millions as at 31.03.2010. With
their experience in trading in batteries for several years they know the market
and accordingly taken a decision to go for setting up of a manufacturing unit.
COST OF PROJECT
|
Particulars |
(Rs. In
Millions) |
|
|
|
|
Land |
4.500 |
|
Building |
10.180 |
|
Machinery/ Equipments |
17.384 |
|
Working Capital margin |
3.350 |
|
|
|
|
Total |
35.414 |
MEANS OF FINANCE
|
Particulars |
(Rs. In
Millions) |
|
|
|
|
Term Loan from Bank |
15.000 |
|
Promoter’s Contribution |
20.414 |
|
|
|
|
Total |
35.414 |
CREDIT FACILITIES REQUIRED
The company has sought following credit facilities for the project:
|
Fun Based |
(Rs. In
Millions) |
|
|
|
|
Term Loan |
15.000 |
|
Cash credit (Stock and Book Debts) |
10.000 |
|
|
|
|
Total |
25.000 |
|
|
|
|
Non-Fun Based |
(Rs. In
Millions) |
|
|
|
|
Import L/C with Usance (90 days) |
10.000 |
|
BG |
2.500 |
|
|
|
|
Total |
10.000 |
|
|
|
|
Forward sales contract |
10.000 |
JUSTIFICATION:
Against a total cost of the project of Rs.36.914 Millions, they are seeking term loan of Rs.10.000 Millions only, which indicates that the promoters are bringing more funds than the loan components. The promoters are in the similar field and there is captive market available for their products. The promoters are known to the bank and they are maintaining their trading account with their Amboli branch and their dealings with us are satisfactory.
The working capital facilities sought by the company both fund and non fund based unit appears to be need based and accordingly considered by them as genuine requirement. One of the promoter Director is technically qualified with lot of experience will take care of day to day management of the factory. They have distribution network with them for sale of their products.
JUSTIFICATION FOR THE
LIMIT SOUGHT BY THE COMPANY:
§
The
undersigned had recently visited the factory premises at Sarigam and the
building is fully reads and the reaming work is in full progress. They have
already placed orders for the machinery and they have received 50% of the
machinery. The balance machineries are expected before 15th of October and
commercial production will be from week of November 2010. They need the term
loan and working capital urgently.
§
They
have already put their money for land, building and partly for machinery.
§
The
promoters are committed for the project.
COLLATERAL SECURITY:
The company has offered ENG of Industrial plot
and plant and machinery with gross block of Rs.32.000 Millions standing in the
name of the company and they have entrusted the job for valuation and legal
clearance through their empanelled valuer and advocates. They shall submit the
report shortly.
GUARANTEE:
The credit limits will be guarantees by all
the directors of the company in their individual; capacities.
------------------------------------------------------------------------------------------------------------------------------
TO WHOM SO EVER IT
MAY CONCERN
This is to certify that on the basis of Book
of Account and other documents produced before them, the net worth of Mr. Rajiv
Bhupendra Sanghavi as on 31.03.2010 is Rs.2.111 Millions.
TO WHOM SO EVER IT
MAY CONCERN
This is to certify that on the basis of Book
of Account and other documents produced before them, the net worth of Mr. Manoj
Gangadas Sanghavi as on 31.03.2010 is Rs.1.641 Millions.
TO WHOM SO EVER IT
MAY CONCERN
This is to certify that on the basis of Book of
Account and other documents produced before them, the net worth of Mr.
Bhupendra Gangadas Sanghavi as on 31.03.2010 is Rs.3.441 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, Mandvi Branch |
|
|
|
|
Date on which
visit made |
1st
September, 2010 |
|
|
|
|
Name of the
Owner/ Owners |
M/S. EMPIRE LEAD
REFINERIES PRIVATE LIMITED |
|
|
|
|
If the property is
under Joint Ownership co-ownership, Share of each owner is the share
undivided |
Lease Ownership
as per deed of Assignment/ Conveyance dated 27.03.2009 and Transfer letter
No. GIDC/ RM/ SRG/ ALT/ PLT/ FTO/ 308, Dated 06.04.2009. |
|
|
|
|
Brief Description
of the Property |
The Said
Property Consists of Industrial Premises at Ground Floor,
at Sarigam Notified Industrial Area. |
|
|
|
|
Location,
Street, Ward No. |
At Plot No.1674,
GIDC At Village
Sarigam, Tal. Ummbergaon, District Valsad |
|
|
|
|
Survey / Plot
No. of Land |
Plot No.1674 At Village
Sarigam, Tal. Umbergaon |
|
|
|
|
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 3 to 4 km distance. Railway Station
Bhilad, at 6 km distance. |
|
|
|
|
Means and
proximity to surface Communication by which the locality is Served. |
|
|
|
|
|
LAND |
|
|
Area of land
supported by documentary |
Industrial premises at ground Floor, at Sarigam
Notified Industrial Area. Admeasuring Carpet Area 10500 sq. ft.
(Actual) And Built up area 11300 sq. ft. as per my
Opinion. And Plot Area 21440 sq. ft. (1992 m2) plus
constructed Area 4026 sft. (374.05 m2) as per agreement. |
|
|
|
|
Roads or lanes
on which land is abutting |
|
|
|
|
|
Is it freehold
or leasehold 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 Sarigam Notified Industrial Area Tal. Umbergaon. |
|
|
|
|
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) (Presently under
construction/ Renovation) |
|
|
|
|
What is F. S. I.
permissible and percentage actually utilized? |
Not Known |
|
|
|
|
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. |
The Fair Market
Value of the said Property is assessed from the market survey and inquiry
from Local Estate Agents. The factory is
on Ground Floor; Building is New. |
|
|
|
|
Land rate/ adopted
in this valuation / 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 :- A] The
Constructed area 11300 sq. ft. @ Rs.1200/- = Rs.13.560 Millions B] Add Cost of
Land = 21440 sft @ Rs.300/- ft = Rs.19.992 Millions. |
|
|
|
|
COST OF
CONSTRUCTION: |
|
|
Year of
commencement of construction and year of completion. |
Old constructed in
1992, Demolished and Newly Constructed during 2009-2010 |
TECHNICAL
DETAILS FOR THE PREMISES
|
No of floor and
height of floor. |
Ground Floor
having 26’-0 height |
|
|
|
|
Plinth area-floor-
wise. (As per is: 3861-1966) |
Industrial premises at ground Floor, at
Sarigam Notified Industrial Area. Admeasuring Carpet Area 10500 sq. ft.
(Actual) And Built up area 11300 sq. ft. as per my
Opinion. And Plot Area 21440 sq. ft. (1992 m2) plus
constructed Area 4026 sft. (374.05 m2) as per agreement. |
|
|
|
|
Year of
construction |
Old constructed
in 1992, Demolished and Newly Constructed during 2009-2010 |
|
|
|
|
Estimated future
life |
Approx. 50 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) |
M. S. Windows
and M.S. Rolling Shutter |
|
|
|
|
Flooring (Floor-
Wise) |
I.P.S.
Flooring |
|
|
|
|
Finishing (Floor
-wise) |
Sand face cement
plaster externally and neeru cement plaster internally. |
|
|
|
|
Roofing and
terracing |
Flat Roof |
|
|
|
|
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. |
Toilets Provided
|
|
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 GIDC
Regulations |
|
Type of
construction |
R.C.C. |
|
|
|
|
Overhead Tank |
Provided |
|
Where located |
On Toilet Block |
|
Capacity |
As per GIDC
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. |
No Paving |
|
|
|
|
Sewage disposal
/ whether connected to public sewers. If septic tanks provided, no. and
capacity. |
Connected to
Septic Tank |
------------------------------------------------------------------------------------------------------------------------------
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 availing collateral security / availing
credit facilities from Corporation Bank, Mandvi Branch |
|
|
|
|
Date on which visit
made |
23rd
August, 2010 |
|
|
|
|
Name of the
Owner/ Owners |
M/S. EMPIRE
INDUSTRIES |
|
|
|
|
If the property
is under Joint Ownership co-ownership, Share of each owner is the share
undivided |
Lease Ownership
as per agreement dated 15.01.1984 Share
Certificated No.2 Dated 31.05.1991 Distinctive Nos.
106 to 110 |
|
|
|
|
Brief
Description of the Property |
The Said
Property Consists of Industrial Premises On Ground Floor,
Gala No.2, At Madh
Industrial Premises Co-operative Society Limited |
|
|
|
|
Location,
Street, Ward No. |
At Andheri (East),
Mumbai – 400069, |
|
|
|
|
Survey / Plot
No. of Land |
CTS No.103, S.
No. 55, 56, H. No.1 and 3 At Village Mogra
Tal. Andheri |
|
|
|
|
It the Property
situated in residential/ commercial/ Mixed / Industrial area |
Industrial
Area |
|
|
|
|
Classification
of locality – high class/ Middle Class/ Poor Class. |
Higher Middle
Class |
|
|
|
|
Proximity to civic
amenities like schools offices, hospitals, market, cinemas, etc. |
Available at 1
to 2 km distance. Railway Station
Andheri (East), at 2 km distance. |
|
|
|
|
Means and
proximity to surface Communication by which the locality is Served. |
Autos, Buses,
Taxis and Suburban Railway station Available. Western express Highway at 2 km
distance. |
|
|
|
|
LAND |
|
|
Area of land
supported by documentary |
Industrial premises, on Ground Floor, Gala
No.2 At Madhu Industrial Premises co-operation Society
Limited Admeasuring Carpet Area 397 sq. ft. (Actual)
plus loft floor 99 sq. ft. And Built up area 516 sq. ft. as per my
Opinion. And Super Built up area 480 sq. ft. as per
agreement. |
|
|
|
|
Roads or lanes
on which land is abutting |
At |
|
|
|
|
Is it freehold
or leasehold 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 MCGM Tal. Andheri |
|
|
|
|
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) Presently under
(Used as Office) |
|
|
|
|
What is F. S. I.
permissible and percentage actually utilized? |
C.C. No.
CE/2348/BS II/ AK/ Date 21.03.1983. |
|
|
|
|
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 by
the owner and Cost borne by the 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. |
The Fair Market
Value of the said Property is assessed from the market survey and inquiry
from Builders and Estate Agents. The Gala is on
Ground Floor; Building is 25 years Old. |
|
|
|
|
Land rate/
adopted in this valuation /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 Built up
Area 516 sft @ Rs.15000/- = Rs.7.740 Millions. |
|
|
|
|
COST OF
CONSTRUCTION: |
|
|
Year of
commencement of construction and year of completion. |
Year 1983-84 |
TECHNICAL
DETAILS FOR THE PREMISES
|
No of floor and height
of floor. |
Ground + 2nd
Floor having 10’-0 height |
|
|
|
|
Plinth
area-floor- wise. (As per is: 3861-1966) |
Industrial premises, on Ground Floor, Gala
No.2 At Madhu Industrial Premises co-operation
Society Limited Admeasuring Carpet Area 397 sq. ft. (Actual)
plus loft floor 99 sq. ft. And Built up area 516 sq. ft. as per my
Opinion. And Super Built up area 480 sq. ft. as per
agreement. |
|
|
|
|
Year of
construction |
Year 1983-84 |
|
|
|
|
Estimated future
life |
Approx. 30 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) |
M. S. doors and
Aluminium Partitions and M. S. Windows and M.S. Rolling Shutter. |
|
|
|
|
Flooring (Floor-
Wise) |
Antiskid Spatex
Tiles Flooring |
|
|
|
|
Finishing (Floor
-wise) |
Sand face cement
plaster externally and neeru cement plaster internally. |
|
|
|
|
Roofing and
terracing |
A-C Sheet
Sloping Roof |
|
|
|
|
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. |
Common Toilet
Provided |
|
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 MCGM
Regulations |
|
Type of
construction |
R.C.C. |
|
|
|
|
Overhead Tank |
Provided |
|
Where located |
On Terrace |
|
Capacity |
As per MCGM
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. |
Inter Looking Tiles
Paving |
|
|
|
|
Sewage disposal
/ whether connected to public sewers. If septic tanks provided, no. and
capacity. |
Connected to
Public Sewer |
------------------------------------------------------------------------------------------------------------------------------
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 availing collateral security / availing
credit facilities from Corporation Bank, Mandvi Branch. |
|
|
|
|
Date on which
visit made |
23rd
August, 2010 |
|
|
|
|
Name of the
Owner/ Owners |
M/S. EMPIRE |
|
|
|
|
If the property
is under Joint Ownership co-ownership, Share of each owner is the share
undivided |
Lease Ownership
as per agreement dated 20.02.1973 Share
Certificated No. Not Available Distinctive Nos.
-- |
|
|
|
|
Brief Description
of the Property |
The Said
Property Consists of Industrial Premises On Ground Floor,
Gala No.12/A, Building B At Sona Udyog
Premises Co-operative Society Limited |
|
|
|
|
Location,
Street, Ward No. |
At Andheri (East),
Mumbai – 400069, |
|
|
|
|
Survey / Plot
No. of Land |
CTS No.125, 196,
200 At Village Mogra
Tal. Andheri |
|
|
|
|
It the Property
situated in residential/ commercial/ Mixed / Industrial area |
Industrial Area |
|
|
|
|
Classification
of locality – high class/ Middle Class/ Poor Class. |
Higher Middle
Class |
|
|
|
|
Proximity to
civic amenities like schools offices, hospitals, market, cinemas, etc. |
Available at 1
to 2 km distance. Railway Station Andheri
(East), at 2 km distance. |
|
|
|
|
Means and
proximity to surface Communication by which the locality is Served. |
Autos, Buses,
Taxis and Suburban Railway station Available. Western express Highway at 1.5
km distance. |
|
|
|
|
LAND |
|
|
Area of land
supported by documentary |
Industrial premises, on Ground Floor, Gala
No.12/A Building B At Sona Udyog Premises co-operative Society Limited Admeasuring Carpet Area 797 sq. ft. (Actual)
plus loft floor 840 sq. ft. And Built up area 1116 sq. ft. as per my
Opinion. And Super Built up area 925 sq. ft. as per
agreement. |
|
|
|
|
Roads or lanes
on which land is abutting |
At |
|
|
|
|
Is it freehold
or leasehold 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 MCGM Tal. Andheri |
|
|
|
|
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) (Used as Office)
|
|
|
|
|
What is F. S. I.
permissible and percentage actually utilized? |
C.C. No.
CE/175/BS II/ LO/KIM of 1971 Date 10.01.1973 |
|
|
|
|
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 by
the owner and Cost borne by the Owner. |
|
|
|
|
What is the
amount of property tax? Who has to bear it? Give details with documentary
proof |
Rs.2269/-
Including in society Maintenance charges of Rs.8619/- per quarter 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. |
The Fair Market
Value of the said Property is assessed from the market survey and inquiry
from Builders and Estate Agents. The Industrial
Gala is on Ground Floor; Building is 36 years Old. |
|
|
|
|
Land rate/
adopted in this valuation /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 Built up
Area 924 sft @ Rs.15000/- = Rs.13.860 Millions. |
|
|
|
|
COST OF
CONSTRUCTION: |
|
|
Year of
commencement of construction and year of completion. |
Year 1972-1973 |
TECHNICAL
DETAILS FOR THE PREMISES
|
No of floor and
height of floor. |
Ground + Loft
Floor having 10’-0 height |
|
|
|
|
Plinth
area-floor- wise. (As per is: 3861-1966) |
Industrial premises, on Ground Floor, Gala
No.12/A Building B At Sona Udyog Premises co-operative Society Limited Admeasuring Carpet Area 797 sq. ft. (Actual)
plus loft floor 840 sq. ft. And Built up area 1116 sq. ft. as per my
Opinion. And Super Built up area 925 sq. ft. as per
agreement. |
|
|
|
|
Year of
construction |
Year 1972-1973 |
|
|
|
|
Estimated future
life |
Approx. 50 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) |
Aluminium Frame
Glass doors and Wooden Aluminum Windows. |
|
|
|
|
Flooring (Floor-
Wise) |
Vitrified Tiles
Flooring |
|
|
|
|
Finishing (Floor
-wise) |
Sand face cement
plaster externally and neeru cement plaster internally. |
|
|
|
|
Roofing and
terracing |
A-C Sheet
Sloping Roof |
|
|
|
|
Special architectural
or decorative features if any |
Not Provided |
|
|
|
|
Internal wiring-
surface or conduit. |
Conduit |
|
Class of
fittings superior / ordinary / poor |
Good Quality |
|
|
|
|
Sanitary
installations. |
TwoToilet
Provided |
|
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 MCGM
Regulations |
|
Type of
construction |
R.C.C. |
|
|
|
|
Overhead Tank |
Provided |
|
Where located |
On Terrace |
|
Capacity |
As per MCGM
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. |
Concrete Coba
Paving |
|
|
|
|
Sewage disposal
/ whether connected to public sewers. If septic tanks provided, no. and
capacity. |
Connected to
Public Sewer |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Land
· Building
· Technology
· Machinery
· Lesser Printer
· Furniture and Fixture
· 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.