MIRA
INFORM REPORT
|
Report Date : |
04.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
ZANDERS ENGINEERS LIMITED |
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Registered
Office : |
D-98, Industrial Area, Phase – VII, Mohali – 160055, Punjab |
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Country : |
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Financials (as
on) : |
31.03.2011 (Provisional) |
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Date of
Incorporation : |
11.09.2008 |
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Com. Reg. No.: |
16-032275 |
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Capital
Investment / Paid-up Capital : |
Rs.15.000
Millions |
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|
CIN No.: [Company Identification
No.] |
U45209PB2008PLC032275 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLZ10095B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of contractorship, engineering,
consultancy, vocational courses and other services. |
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No. of Employees
: |
50 (Approximately) |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company having moderate track. Trade
relations are reported as fair. The valuation report and other details
provided seems to be satisfactory. No complaints have been heard from
indirect or market sources. It would be advisable to take adequate securities while dealing with
the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Inderjit Singh Brar |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9814706077 |
|
Date : |
29.06.2011 |
LOCATIONS
|
Registered / Head Office : |
D-98, Industrial Area, Phase – VII, Mohali – 160055, Punjab, India |
|
Tel. No.: |
91-172-6610662 |
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Mobile No.: |
91-9814706077 Mr. Inderjit Singh Brar) |
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Fax No.: |
91-172-6610662 |
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E-Mail : |
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Website : |
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Area : |
30000 sq. ft. |
|
Location : |
Leased |
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Branch Office : |
# 603, 6th Floor, Orion Tower, G S Road, Guwahati – 781005,
Assam, India |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Inderjit Singh Brar |
|
Designation : |
Managing Director |
|
Address : |
163, Model Town, Phase – II, Bathinda, Punjab, India |
|
Date of Birth/Age : |
27.07.1968 |
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Qualification : |
Graduate |
|
Experience : |
12 years |
|
Date of Appointment : |
11.09.2008 |
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|
|
|
Name : |
Mr. Navdeep Singla |
|
Designation : |
Director |
|
Address : |
17134, Aggarwal Colony, Bathinda, Punjab, India |
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Date of Birth/Age : |
27.01.1981 |
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Qualification : |
Graduate |
|
Experience : |
7 years |
|
Date of Appointment : |
11.09.2008 |
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|
|
|
Name : |
Mr. Davinder Singh |
|
Designation : |
Director |
|
Address : |
Street No.20, Bhagu Road, Bathinda, Punjab, India |
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Date of Birth/Age : |
15.07.1956 |
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Qualification : |
Post- Graduate |
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Experience : |
7 years |
|
Date of Appointment : |
20.03.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Inderjit Singh Brar |
|
680000 |
|
Navdeep Singla |
|
10000 |
|
Girdhari Lal Singla |
|
5000 |
|
Davinder Singh |
|
20000 |
|
Paramjit Singh |
|
65000 |
|
Balkaran Singh Sran |
|
100000 |
|
Sukhvinder Singh Khera |
|
180000 |
|
Gurdas Singh Grewal |
|
400000 |
|
Cosmic Finlease Limited, India |
|
15000 |
|
Intiqua India Limited, India |
|
10000 |
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|
|
|
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Total |
|
1485000 |
(AS ON 28.02.2011)
|
Names of Allottee |
|
No. of
Shares Allotted |
|
|
|
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White House Buildtech Private Limited, India |
|
5000 |
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OEC Diascans Limited, India |
|
10000 |
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Total |
|
15000 |
(AS ON 30.09.2010)
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Category |
|
Percentage |
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|
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|
Directors or relatives of directors |
|
100.00 |
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|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of contractorship, engineering,
consultancy, vocational courses and other services. |
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Terms : |
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Selling : |
Credit (30-60 days) |
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Purchasing : |
L/C and Cash |
GENERAL INFORMATION
|
Customers : |
End Users · Gifford India Private Limited · Grfcon Infrastructure · HGCL – Niraj Supreme Infrastructure · Haryana PWD B and R Branch · Magot Engineering Consultant Private Limited · MBL Infrastructure Limited, Guwahati · Opus India International Private Limited · Silver Oaks Town Ship Limited · Singla Engineers and Contractors Private Limited · Stup Consultants Private Limited · Unihorn India Private Limited |
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Suppliers : |
· A. K. Industries · AK Conduit Corporation · Dishnet Wireless Limited · Harsim Enterprises · Krishna Traders · L and D Builders Private Limited · Malhotra Welding Works · Modern Electric Company · S. L. Goyal and Company · Sandeep Electricals · Singla Construction Limited · Teja and Company · V K Enterprises · Zan Tools Private limited · Zantra Traders private Limited |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· Kotak Mahindra Bank Limited 36-38-A, Nariman Bhavan, 227 D, Nariman Point, Mumbai – 400021, Maharashtra, India · Oriental Bank of Commerce · Axis Bank · HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Bansal Sunil and Company Chartered Accountant |
|
Address : |
# 3065, Street No.4, Power House Road, Bathinda – 151001, Punjab,
India |
|
Mobile No.: |
91-9417006100 |
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Tel No.: |
91-164-2212712/ 2211404 |
CAPITAL STRUCTURE
(AS ON 31.03.2011 –
Provisional))
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Share |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Share |
Rs.10/- each |
Rs.15.000
Millions |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
15.000 |
14.600 |
5.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
31.321 |
1.485 |
0.118 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
46.321 |
16.085 |
5.618 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
101.212 |
84.650 |
14.661 |
|
|
2] Unsecured Loans |
24.521 |
4.095 |
7.084 |
|
|
TOTAL BORROWING |
125.733 |
88.745 |
21.745 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
172.054 |
104.830 |
27.370 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
25.391 |
24.972 |
24.778 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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INVESTMENT |
28.265 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.024 |
0.024 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
65.000
|
10.868 |
0.000 |
|
|
Sundry Debtors |
37.744
|
7.989 |
0.596 |
|
|
Cash & Bank Balances |
9.495
|
10.811 |
1.226 |
|
|
Other Current Assets |
0.659
|
0.861 |
0.000 |
|
|
Loans & Advances |
67.882
|
60.196 |
2.732 |
|
Total
Current Assets |
180.780
|
90.725 |
4.554 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
46.237
|
7.077 |
1.029 |
|
|
Other Current Liabilities |
12.212
|
3.230 |
0.966 |
|
|
Provisions |
4.027
|
0.689 |
0.107 |
|
Total
Current Liabilities |
62.476
|
10.996 |
2.102 |
|
|
Net Current Assets |
118.304
|
79.729 |
2.452 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.070 |
0.105 |
0.140 |
|
|
|
|
|
|
|
|
TOTAL |
172.054 |
104.830 |
27.370 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
295.229 |
53.362 |
0.981 |
|
|
|
Other Income |
5.176 |
0.334 |
0.048 |
|
|
|
TOTAL (A) |
300.405 |
53.696 |
1.029 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock |
0.000 |
(5.680) |
0.000 |
|
|
|
Cost of Goods Sold |
63.466 |
0.000 |
0.000 |
|
|
|
Materials Consumed |
66.348 |
11.621 |
0.000 |
|
|
|
Labour Expenses |
13.798 |
0.000 |
0.000 |
|
|
|
Wages and Salaries |
20.046 |
0.000 |
0.000 |
|
|
|
Direct Expenses |
0.000 |
17.171 |
0.255 |
|
|
|
Personnel Expenses |
0.000 |
11.582 |
0.000 |
|
|
|
Administrative Expenses |
0.000 |
6.880 |
0.315 |
|
|
|
Advertisement Expenses |
1.488 |
0.000 |
0.000 |
|
|
|
Office Rent |
4.535 |
0.000 |
0.000 |
|
|
|
Preliminary Expenses written off |
0.035 |
0.035 |
0.035 |
|
|
|
Other Expenses |
95.208 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
264.924 |
41.609 |
0.605 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
35.481 |
12.087 |
0.424 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.218 |
4.914 |
0.057 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20.263 |
7.173 |
0.367 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
6.000 |
5.148 |
0.135 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
14.263 |
2.025 |
0.232 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.027 |
0.658 |
0.114 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.236 |
1.367 |
0.118 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.82 |
0.94 |
0.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.41
|
2.55 |
11.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.83
|
3.79 |
23.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.92
|
1.75 |
0.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.13 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.06
|
6.20 |
4.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.89
|
8.25 |
2.17 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING
STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Provisional) |
(Projected) |
|
|
|
|
|
|
|
REVENUE
|
|
|
|
|
Value of work Completed |
297.186 |
800.000 |
1000.000 |
|
Income from Joint ventures |
1.230 |
15.000 |
20.000 |
|
Add: Closing WIP |
25.000 |
50.000 |
60.000 |
|
Less: Opening WIP |
5.680 |
25.000 |
50.000 |
|
|
|
|
|
|
GROSS REVENUE |
317.736 |
840.000 |
1010.000 |
|
|
|
|
|
|
COSTS |
|
|
|
|
Material Consumed |
149.134 |
400.000 |
500.000 |
|
Sub Contract Work |
0.000 |
0.000 |
0.000 |
|
Salaried and Wages |
99.295 |
250.000 |
300.000 |
|
Repairs and Maintenance |
0.045 |
0.100 |
0.150 |
|
Other Construction Expenses |
19.205 |
50.000 |
60.000 |
|
Depreciation |
6.000 |
5.000 |
4.500 |
|
Provision for Claims on Contracts |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cost of
Construction |
273.679 |
705.100 |
864.650 |
|
|
|
|
|
|
Gross Profit |
44.057 |
134.900 |
145.350 |
|
|
|
|
|
|
Interests |
13.355 |
24.000 |
25.000 |
|
General and Administrative Expenses |
16.564 |
36.000 |
40.000 |
|
Provision for Abnormal loss/ claim etc. |
0.000 |
5.000 |
6.000 |
|
|
|
|
|
|
Sub Total |
29.919 |
65.000 |
71.000 |
|
|
|
|
|
|
Operating Profit
|
14.138 |
69.900 |
74.350 |
|
|
|
|
|
|
Add: Non
Operating Income |
|
|
|
|
Profit on sale of assets/ Investments |
0.000 |
0.000 |
0.000 |
|
Interests from Investments |
0.000 |
0.000 |
0.000 |
|
Forex Gains |
0.000 |
0.000 |
0.000 |
|
Non-op. Income from Subsidiaries |
0.000 |
0.000 |
0.000 |
|
Tax Refund |
0.000 |
0.000 |
0.000 |
|
Other Non Operating Income |
0.000 |
0.000 |
0.000 |
|
|
0.125 |
0.480 |
0.600 |
|
Total Non-Operating
Income |
0.125 |
0.480 |
0.600 |
|
|
|
|
|
|
Deduct Non
Operating Income |
|
|
|
|
Loss on sale o assets |
0.000 |
0.000 |
0.000 |
|
Prem. Expenses W/o |
0.000 |
0.000 |
0.000 |
|
Other Non Operating Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total
Non-Operating Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net of Non
Operating Income/ Expenses |
0.125 |
0.480 |
0.600 |
|
|
|
|
|
|
Profit Before
Tax |
14.263 |
70.380 |
74.950 |
|
|
|
|
|
|
Provision for Taxes |
4.027 |
19.000 |
20.000 |
|
Deferred Tax/ Assets / Liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net Profit /
Loss |
10.236 |
51.380 |
54.950 |
|
|
|
|
|
|
Cash Accruals |
16.236 |
56.380 |
59.450 |
|
|
|
|
|
|
Equity Dividend Paid |
0.000 |
0.000 |
0.000 |
|
Dividend Rate |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Retained profit |
16.236 |
56.380 |
59.450 |
|
Retained Profit/ Net Profit |
16.236 |
56.380 |
59.450 |
|
(% age) |
100.00 |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Provisional) |
(Projected) |
|
|
Current
Liabilities |
|
|
|
|
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
|
i. From Application Bank (CC Hyp.) |
0.000 |
50.000 |
100.000 |
|
ii. From Other Banks |
49.025 |
0.000 |
0.000 |
|
iii. Of which BP and BD |
|
|
|
|
|
|
|
|
|
SUB
TOTAL(A) |
49.025 |
50.000 |
100.000 |
|
|
|
|
|
|
Short Term Borrowings From Others |
0.000 |
0.000 |
0.000 |
|
Sundry Creditors (Trader) |
46.237 |
50.000 |
60.000 |
|
Advances Payment from customers |
0.083 |
50.000 |
60.000 |
|
Provision For Taxes |
4.027 |
19.000 |
20.000 |
|
Creditor for Expenses |
0.000 |
0.000 |
0.000 |
|
Dividend Payable |
0.000 |
0.000 |
0.000 |
|
Other Statutory Liabilities (due within one years) |
0.000 |
0.000 |
0.000 |
|
Installments of term loans and Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
|
Other current Liabilities and Provisions (due within one
years) |
12.129 |
15.000 |
18.000 |
|
|
|
|
|
|
SUB
TOTAL (B) |
62.476 |
134.000 |
158.000 |
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
111.501 |
184.000 |
258.000 |
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
0.000 |
|
Term Loan (excluding Installments Payable within One Year) |
52.188 |
38.000 |
24.000 |
|
Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
|
Vehicles Loan |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Term Deposit |
0.000 |
0.000 |
0.000 |
|
Deferred Tax Liability |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
76.709 |
78.000 |
64.000 |
|
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
188.210 |
262.000 |
322.000 |
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
Shares Capital |
15.000 |
20.000 |
20.000 |
|
Deferred Tax Liabilities |
0.000 |
0.000 |
0.000 |
|
Share Application Money |
0.000 |
0.000 |
0.000 |
|
Other Reserve (Excluding Provision) |
0.000 |
0.000 |
0.000 |
|
Revolution Reserve |
0.000 |
0.000 |
0.000 |
|
Reserves and Surplus |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Share Premium Reserve Account |
19.600 |
39.600 |
39.600 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
11.721 |
63.101 |
118.051 |
|
Share Premium |
0.000 |
0.000 |
0.000 |
|
Other (Specify) – Securities Premium and Share Application
|
0.000 |
0.000 |
0.000 |
|
Other (Specify) – Deferred Tax Liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
NET WORTH |
46.321 |
122.701 |
177.651 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
234.531 |
384.701 |
499.651 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
4.492 |
1.553 |
5.003 |
|
Investments [Other than long term investments] |
0.000 |
0.000 |
0.000 |
|
Receivables other than deferred and exports |
37.744 |
50.000 |
95.000 |
|
Export receivables |
0.000 |
0.000 |
0.000 |
|
Installments of deferred receivable |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
Raw Materials (viz. Cement, Iron, Steel etc and Consumable
Stores) |
40.000 |
75.000 |
100.000 |
|
|
|
|
|
|
Stock in Process |
25.000 |
50.000 |
60.000 |
|
Finished Goods |
0.000 |
0.000 |
0.000 |
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers |
30.707 |
60.000 |
75.000 |
|
Advance Payment of Taxes |
11.530 |
30.000 |
40.000 |
|
Other Current Assets |
0.000 |
2.000 |
3.000 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
149.473 |
268.553 |
378.003 |
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
31.392 |
25.392 |
20.392 |
|
Depreciation to date |
6.000 |
5.000 |
4.500 |
|
|
|
|
|
|
NET
BLOCK |
25.392 |
20.392 |
15.892 |
|
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Investments in Joint Ventures |
28.265 |
40.000 |
50.000 |
|
Others |
0.000 |
0.000 |
0.000 |
|
Advances suppliers of Capital goods and contractors |
25.645 |
25.000 |
25.000 |
|
Investment in Others |
0.659 |
0.659 |
0.659 |
|
Held as cash margin against BG/ LC |
5.003 |
30.003 |
30.003 |
|
Other Non-Current Investment |
0.000 |
0.000 |
0.000 |
|
Loans and Advance |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
59.572 |
95.662 |
105.662 |
|
|
|
|
|
|
Intangible Assets |
0.094 |
0.094 |
0.094 |
|
|
|
|
|
|
TOTAL
ASSETS |
234.531 |
384.701 |
499.651 |
|
|
|
|
|
|
Tangible Networth |
46.227 |
122.607 |
177.557 |
|
|
|
|
|
|
Net Working Capital |
37.972 |
84.553 |
120.003 |
|
|
|
|
|
|
Current Ratio |
1.34 |
1.46 |
1.47 |
|
|
|
|
|
|
TOL/ TNW |
4.07 |
2.14 |
1.81 |
|
|
|
|
|
|
ADDITIONAL
INFORMATION |
|
|
|
|
|
|
|
|
|
A. Areas of Depreciation |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
B. Contingent Liabilities |
|
|
|
|
- Guarantees Issued
(Relating to business) |
20.000 |
270.000 |
270.000 |
|
- Other Contingent
Liabilities Including bills Purchased / LC |
17.500 |
17.500 |
17.500 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
INDERJIT SINGH BRAR S/O MR. KARNAIL SINGH
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE ASSETS
|
Particulars |
Area
|
Rs.
in Millions |
|
|
|
|
|
Residential House
at 163, Model Town, Bathinda |
500 sq. ydrs |
15.000 |
|
|
|
|
|
Commercial
property at 100 Ft. Road - Bhagu Road Corner,
Bathinda |
335.48 sq. ydrs. |
13.500 |
|
|
|
|
|
Commercial
property at Mansa Road, Adjoining Sartaj Palace, Bathind |
˝ share in 11000 sq. ydrs. |
110.000 |
|
|
|
|
|
Agricultural land
at Viii Jodhpur Rornana, Distt. Bathinda |
33 Kanal 12 Marla |
10.500 |
|
|
|
|
|
Commercial Property
measuring 7 Bigha 4 Biswa at Dabwaii Road, Opposite Engg. College, Bathinda |
7 Bigha 4 Biswa |
54.000 |
|
|
|
|
|
Commercial
Property at Dabwali Road, Opposite Engg. College,
Bathinda |
˝ share in 2 Bigha 3.5 Biswa |
23.750 |
|
|
|
|
|
Land at Viii Bibi
Wala, Distt. Bathinda given lease to Silver Oak School |
1/3 Share on 10 Kanal 19.5 Marla |
4.600 |
|
|
|
|
|
Commercial land
at Viii Naruan, Distt. Bathinda |
˝ share in 43 Kanal 15 Marla |
27.300 |
|
|
|
|
|
1/2 share in I Bigha
14 Biswa commercial property at Dabwali Road, Opposite GZS Engg. College,
Bathinda |
˝ Share in 1 Bigha 14 Biswa |
17.000 |
|
|
|
|
|
Total |
|
275.650 |
MOVABLE ASSETS
|
Particulars |
Rs.
in Millions |
|
|
|
|
Shares Zanders
Engineers Limited, Mohali |
6.800 |
|
|
|
|
Shares - Sheesh
Mahal Developers Limited, Bathinda |
1.100 |
|
|
|
|
Shares - Self
Care Health Resorts Private Limited |
0.530 |
|
|
|
|
Shares - Zantools
Private Limited |
0.200 |
|
|
|
|
Advance to PUDA |
4.323 |
|
|
|
|
Deposit - Silver
Oaks Township Limited |
5.475 |
|
|
|
|
Innova |
0.700 |
|
|
|
|
Cash and Bank
Balances |
0.175 |
|
|
|
|
Total |
19.303 |
|
TOTAL ASSETS |
RS.294.953
MILLIONS |
LIABILITIES
|
Particulars |
Rs.
In Millions |
|
|
|
|
Loan – India
Bulls Housing Finance Limited |
9.400 |
|
|
|
|
Total |
9.400 |
|
NET WORTH |
RS.285.553
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
NAVDEEP SINGLA S/O MR. GIRDHARI LAL SINGLA
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE ASSETS
|
Particulars |
Area
|
Rs.
in Millions |
|
|
|
|
|
Commercial
property at Barnala Bye Pass Road, Near Jeet Palace, Bathinda |
2/3 Share in 400 sq. ydrs |
13.677 |
|
|
|
|
|
Commercial shop
at Afim Wali Gali, Bathinda |
110 sq. ydrs. |
4.500 |
|
|
|
|
|
Agricultural Land
at Malout Road, Teh. Gidderbaha, Distt. Muktsar |
20 Kanal 19 Marla |
5.250 |
|
|
|
|
|
Commercial land
at Main Dabwali Road, Viii Gurusar Sehnewala, Bathinda |
24 Kanal 8.5 Marla |
22.900 |
|
|
|
|
|
Residential House
at 17131. Aggarwal Colony, Bath India |
260 sq. ydrs |
7.500 |
|
|
|
|
|
Total |
|
53.827 |
MOVABLE ASSETS
|
Particulars |
Rs.
in Millions |
|
|
|
|
Shares - Zanders
Engineers Limited, Mohali |
0.100 |
|
|
|
|
Shares - Sheesh
Mahal Developers Limited, Bathinda |
0.050 |
|
|
|
|
Capital - Super
Jewellers, Chandigarh |
8.332 |
|
|
|
|
Capital - Super
Iron Gallery, Bathinda |
1.511 |
|
|
|
|
Cash in Hand |
0.250 |
|
|
|
|
Total |
10.243 |
|
TOTAL ASSETS |
RS.64.070
MILLIONS |
|
NET WORTH |
RS.64.070
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
DAVINDER SINGH S/O MR. JOGINDER SINGH
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE ASSETS
|
Particulars |
Area
|
Rs.
in Millions |
|
|
|
|
|
Agricultural Land
at Vill Jai Singh Wala, Badal Road, District Bathinda |
53 Kanal 15 Marla |
26.875 |
|
|
|
|
|
Residential House
at street No.20, Bhagu road, Bathinda |
500 sq. ydrs. |
7.500 |
|
|
|
|
|
Commercial
Property at Power House Road, Near Street No.4, Bathinda |
170 sq. Ydrs. |
8.500 |
|
|
|
|
|
Total |
|
42.875 |
MOVABLE ASSETS
|
Particulars |
Rs.
in Millions |
|
|
|
|
Shares - Zanders
Engineers Limited, Mohali |
0.200 |
|
|
|
|
Shares - Sheesh
Mahal Developers Limited, Bathinda |
1.650 |
|
|
|
|
Cash in Hand |
0.250 |
|
|
|
|
Total |
2.100 |
|
TOTAL ASSETS |
RS.44.975
MILLIONS |
|
NET WORTH |
RS.44.975
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
RAKESH SINGLA
(RS.
IN MILLIONS)
|
Particulars |
Rs. In Millions |
|
ASSETS |
|
|
|
|
|
1/3 Share in 400 sq. ydrs commercial property at Barnala Bye Pass
Road, Bathinda |
7.000 |
|
|
|
|
1/4 share in 300 sq. ydrs commercial property at Street No. 3, Bibi
Wala Road, Bathinda |
3.750 |
|
|
|
|
Capital - Super Steel Industries, Bathinda |
6.520 |
|
|
|
|
Deposit - Silver Oaks Township Limited, BTI |
4.983 |
|
|
|
|
Deposit - Super Jewellers Private Limited, BTI |
2.571 |
|
|
|
|
Deposit - Singla Engineers |
1.200 |
|
|
|
|
Shares - Silver Oaks Township Limited |
7.500 |
|
|
|
|
Cash and Bank Balances |
0.200 |
|
|
|
|
TOTAL ASSETS |
RS.33.724 MILLIONS |
|
|
|
|
Less: WCTL from PNB, ASC, Bathinda |
3.300 |
|
|
|
|
NET WORTH |
RS.30.424 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
SARUP CHAND SINGLA
(RS.
IN MILLIONS)
|
Particulars |
Rs. In Millions |
|
ASSETS |
|
|
|
|
|
43 Kanal 15 Marla Land at Vill Naruana, District Bathinda |
13.672 |
|
|
|
|
˝ Share in 1 Bigha 12 Biswa Commercial land at Mansa Road, Bathinda |
12.000 |
|
|
|
|
˝ Share in 600 sq. ydrs commercial Prop. at Bibi wala Road, Bathinda |
18.000 |
|
|
|
|
500 sq. ydrs. Residential house at phase 7, Mohali |
40.000 |
|
|
|
|
100 sq. ydrs commercial property at Barnala Bye Pass Road,
Bathinda |
2.000 |
|
|
|
|
50% share in 300 sq. ydrs commercial property at Street No.3, Bibi
Wala Road, Bathinda |
7.500 |
|
|
|
|
Capital in M/s Super Steel Industries, Bathinda |
6.609 |
|
|
|
|
Deposit with M/s Silver Oaks Township Limited, Bathinda |
11.235 |
|
|
|
|
Shares in M/s Sheesh Mahal Developers Limited, BTI |
2.532 |
|
|
|
|
Shares in M/s Super Jewellers Private Limited, BTI |
0.100 |
|
|
|
|
Cash and Bank Balance |
0.500 |
|
|
|
|
TOTAL ASSETS |
RS.114.148 MILLIONS |
|
|
|
|
Less: WCTL from PNB, ASC, Bathinda |
4.300 |
|
|
|
|
NET WORTH |
RS.109.848 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
PAWAN KUMAR
(RS.
IN MILLIONS)
|
Particulars |
Rs. In Millions |
|
ASSETS |
|
|
|
|
|
675.50 sq. ydrs commercial property at Barnala Bye Pass Road, Bathinda |
40.530 |
|
|
|
|
1/2 Share in 600 sq. ydrs commercial property at Bibi Wala Road,
Bathinda |
18.000 |
|
|
|
|
2000 sq. ydrs plot behind Gautam Shuttering Store, Barnala Bye Pass
Road, Bathinda |
50.000 |
|
|
|
|
800 sq. ydrs plot at Street No. 3, Ajit
Road, Bathinda |
12.000 |
|
|
|
|
800 sq. ydrs plot at Street No. 6, Ajit Road, Bathinda |
12.000 |
|
|
|
|
Residential House measuring 306 sq. ydrs at 17134, Aggarwal Colony,
Bathinda |
10.000 |
|
|
|
|
Shares in M/s Super Jewellers Private Limited, Bathinda |
0.500 |
|
|
|
|
Capital in M/s Super Steel Industries, Bathinda |
4.225 |
|
|
|
|
Cash and Bank Balance |
0.500 |
|
|
|
|
TOTAL ASSETS |
RS.147.755
MILLIONS |
|
NET WORTH |
RS.147.755
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR.
SUNIL SINGLA
(RS.
IN MILLIONS)
|
Particulars |
Rs. In Millions |
|
ASSETS |
|
|
|
|
|
1/2 Share in 1106 sq. ydrs commercial property at Barnala Bye Pass
road, Bathinda |
33.180 |
|
|
|
|
1/2 Share in 1800 sq. ydrs commercial property at Barnala Bye Pass
road, Bathinda |
36.000 |
|
|
|
|
Shares with M/s Super Jewellers Private Limited,
Bathinda – 200 Shares of Rs.100/- (Par Value) |
0.020 |
|
|
|
|
Shares – 5000 Equity Shares of Rs.10/- each (Par Value) in Self Care
Health Resorts Private Limited |
0.050 |
|
|
|
|
Cash and Bank Balance |
0.200 |
|
|
|
|
TOTAL ASSETS |
RS.69.450
MILLIONS |
|
NET WORTH |
RS.69.450
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT IN RESPECT OF IMMOVABLE PROPERTY
|
Date of inspection |
23.09.2010 |
|
|
|
|
|
|
Name and address of the valuer |
ER. D.P. SINGH VIRK |
|
|
|
|
|
|
List of document handed over to the valuer
by the branch |
Sale Deed Regd. Vide No. 6698 dated
09-01-2008 for 6 Bigha 10 Biswa 4 Biswasi and No. 3391 Dated 09-08- 2007 for
12 Bigha 5 Biswa 18 Biswasi |
|
|
|
|
|
|
Details of enquires made/visited to Govt.
offices for arriving fair marked value. |
Surrounding Property Dealers at Zerakpur, |
|
|
|
|
|
|
Sub-Registrar value/guidance value/rate |
Rs.5.000 Millions Per Acre for Commercial,
Rs.4.000 Millions Per Ace for Chahi and Rs.3.500 Millions Per Acre for
Berani. Beside this Rs.15.000 Millions per Acre as
per Award given by The Court of Mr. B. Singh I.A.S. Collector Land
Acquisition Urban Development Department Punjab, S.A.S. Nagar. for mixed
purposes. |
|
|
|
|
|
|
Fair market value of the property |
Rs.183.600 Millions |
|
|
|
|
|
|
Factors for determining its market value |
Marketability, transferability, scarcity,
utility, size, location, sale instances and most imported demand |
|
|
|
|
|
|
Conservative value of the property |
Rs.156.100 Millions |
|
|
|
|
|
|
Distress value of the property |
Rs.128.500 Millions |
|
|
|
|
|
|
Any critical aspects associated with
property |
Property shown and information supplied by
S. Kuldip Singh representative of the Owner. |
|
|
|
|
|
|
Property details |
Open land. Boundary covered temporarily with
G.I. sheets from three sides and one side towards North side is open as shown
in the photographs attached here with the report. |
|
|
|
|
|
|
Names and address(es) of the Owners |
MIS Self Care Health Resorts private
Limited Registered Office 3400 - B, Street No. 7,
Power House Road, Bathinda. (M): 9872498270 (Mr. Deepak Mittal C.A.) |
|
|
|
|
|
|
If the property is under joint Ownership/
Co-ownership share of each Such Owner are the share is undivided |
Single ownership. |
|
|
|
|
|
|
Brief description of the property (whether
Open hand, House property, Land area, built up area, no. of floras etc. |
Open land, Land area 18 Bigha 16 Biswa 2
Biswasi, built up area is Nil, No. of floors is Nil. |
|
|
|
|
|
|
Dimension
of the site |
As per Sale deed |
Actual |
|
Part
I |
|
|
|
North |
Nil |
Neighbourer open
plot. |
|
South |
Nil |
Sun Rise Resort
Boundary and other Neighbourer Plots. |
|
East |
Nil |
Agriculture
Land. |
|
West |
Nil |
Metalled Road. |
|
|
|
|
|
Part
II |
|
|
|
North |
Nil |
857’4.1/2” |
|
South |
Nil |
427’6”. |
|
East |
Nil |
343’6”. |
|
West |
Nil |
570’0” |
|
|
|
|
|
Location of the Property (Plot/ Door No.
Survey No. etc) |
Plot is situated in Km. No. 1, on left hand
side of 30’0” wide Road, take off from Chandigarh Patiala National High way
No. 64 road to Village Chatt. Tehsile Dera Bassi, Distt. S.A.S. Nagar. |
|
|
|
|
|
|
Postal Address |
M/s. Self Care Health Resorts private
Limited, Registered Office 3400 -B, Street No. 7, Power House Road, Bathinda. |
|
|
|
|
|
|
Boundaries
of the property |
|
|
|
North |
Neighbourer open plot. |
|
|
South |
Boundary of Sun Rise Resort and
Neighbourer plots. |
|
|
East |
Agriculture Land. |
|
|
West |
Metalled Road. |
|
|
|
|
|
|
Any specific identification marks (like
electric pole No. Dug well etc.) |
Tele Phone Tower on South side |
|
|
|
|
|
|
Whether covered under corporation!
panchyat/MC |
Panchyat. |
|
|
|
|
|
|
Whether covered
under any ceiling of State / Central Govt. |
Free hold |
|
|
|
|
|
|
Is the land freehold |
Yes |
|
|
|
|
|
|
Are there any restrictive covenants in
regard to use of land? |
Said land falls in Mixed Land Use Zone
vide Divisional Town Planner S.A.S. Nagar. No. 1587 DTP ( S ) / MP - 1 Dated
12 - 6 - 2009. |
|
|
|
|
|
|
Type of the property-whether |
Mixed Land Use Zone. |
|
|
|
|
|
|
Year of acquisition/ purchase |
2007 and 2008 |
|
|
|
|
|
|
Value of purchase price |
Rs.4.564 Millions |
|
|
|
|
|
|
Whether owner or tenant occupies the property.
If occupied by tenant since law long he is staying and the amount of rent
being paid. |
Owner occupied |
|
|
|
|
|
|
Classification
of the site |
||
|
|
|
|
|
Population group: Metro/ Urban/ Semi
Urban/ Rural |
Rural. |
|
|
|
|
|
|
High/ Middle/ Poor Class |
Middle. |
|
|
|
|
|
|
Residential/ Non Residential |
Non Residential. |
|
|
|
|
|
|
Development of surrounding area. |
Being Developed |
|
|
|
|
|
|
Proximity of civil amenities (like school,
hospital, bus stop, market) |
Nearby. |
|
|
|
|
|
|
Level of the land (plain, rock etc.) |
Plain Area |
|
|
|
|
|
|
Terrain of the land |
Plain Area |
|
|
|
|
|
|
Shape of the land (square/ rectangle etc.) |
Irregular Shape |
|
|
|
|
|
|
Type of the use to which it can put (for
construction of house, factory) |
Prefrably for Construction of Commercial
Complex / Factory. |
|
|
|
|
|
|
Whether the plot is under town planning
approved layout? |
Yes |
|
|
|
|
|
|
Whether the post is intermittent or corner? |
Intermitent. |
|
|
|
|
|
|
Whether any road
facility is available? |
Yes |
|
|
|
|
|
|
Type of road available (B.T./ Cement road
etc.) |
B.T. |
|
|
|
|
|
|
Front width of the road? |
35.00. fts. |
|
|
|
|
|
|
Source of water and water potentially |
No Public water supply. |
|
|
|
|
|
|
Availability of power supply |
Power supply system is existing in the
area. |
|
|
|
|
|
|
Advantages of the site |
All daily need facilities are available
near by. |
|
|
|
|
|
|
Disadvantages of the site |
Away from Main Bus Stand and Railway Station
Chandigarh. |
|
|
|
|
|
|
General Remarks |
Good location of the site for Commercial
purposes. |
|
|
|
|
|
|
Rent
details |
||
|
|
|
|
|
Is the building owner occupied! tenant/
both |
Under occupation of owner. |
|
|
|
|
|
|
VALUE OF PROPERTY PART I: (VALUATION OF LAND) |
||
|
Dimensions of the plot |
1 /2 (477’4.1/2” x 343’6”) and 380’0”x 218’6”. |
|
|
|
|
|
|
Total area of the plot |
18 Bigha 16 Biswa 2 Biswai. (4.701. Acres)
188.000 Millions. |
|
|
|
|
|
|
Prevailing market rat |
Rs.35.000 Millions to 40.000 Millions, Per
Acre. |
|
|
|
|
|
|
Guideline rate obtained from the Registrar
Office |
Rs.15.000 Millions Per Acre for Mixed Land
Use (Commercial) purposes. |
|
|
|
|
|
|
Assessed/ adopted rate of valuation |
Rs.39.000 Millions Per Acre for Mixed Land
use. |
|
|
|
|
|
|
Estimated
value of the land |
Rs.183.300
Millions |
|
|
|
|
|
|
The
conservative value of the land |
Rs.155.800
Millions |
|
|
|
|
|
|
PART – II (VALUATION OF BUILDING PROPERTY) TECHNICAL DETAILS OF THE BUILDING |
||
|
Type of building Residential / Commercial/
Industrial |
Commercial. |
|
|
|
|
|
|
Year of construction |
Yet not constructed. |
|
|
|
|
|
|
Future life of the property |
NA |
|
|
|
|
|
|
No. of floors and height of each floor
including basement |
NA |
|
|
|
|
|
|
Type of construction (toad bearing/ RCC/
Steel framed) |
G. I. Sheets fixed on Steel poles on Three
sides of boundary of Land |
|
|
|
|
|
|
Condition
of the building |
|
|
|
|
|
|
|
External (excellent/good/normal/poor) |
Normal |
|
|
Internal (excellent/good/normal/poor) |
Good |
|
|
|
|
|
|
Whether the building/ property is
constructed strictly according to the sanctioned plan, detail of variations
noticed if any and effect of the same on the valuation. |
Sanctioned plan not produced, Actual
Boundary wall constructed at site has been taken for Valuation. |
|
|
|
|
|
|
SPECIFICATION OF CONSTRUCTION |
||
|
Description |
Specification |
|
|
|
|
|
|
Foundation |
RCC / Steel Boundary Pillars. |
|
|
|
|
|
|
Basement |
N.A |
|
|
|
|
|
|
Superstructure |
RCC / Steel Pillars. G. I. sheets fixed on
Steel Pillars. |
|
|
|
|
|
|
RCC Work |
RCC Boundary Pillars. |
|
|
|
|
|
|
Drainage |
6’0” high, Length is 1341 ‘0”. |
|
PART
III
VALUATION
OF OTHER AMENITIES / EXTRA ITEMS/ MISCELLANEOUS
|
Particulars of Item |
Qty. |
Replacement Cost |
Depreciation |
Net Value |
|
|
|
|
|
|
|
Iron Gate/ Grill
/ Railing Boundary Wall/ Stairs/ Extra cost of marbal etc. |
LS |
Rs.0.350 Million
|
2% Rs.0.500
Million |
Rs.0.345
Millions |
SUMMARY
OF VALUATION
|
Part I Land |
Rs.183.300
Millions |
|
|
|
|
Part II Building |
-- |
|
|
|
|
Part II other Amenities/
Misc. |
Rs.0.345 Million |
|
|
|
|
Total Market
Value |
Rs.183.645
Millions |
|
|
|
|
The Overall
conservative value of the property |
Rs.156.098
Millions |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY
DETAILS:
|
Name and Address of the Owners |
M/s Super Steel Industries, Plot No. A-9 to A-15, situated at Focal point,
Dabwali Road, Bathinda |
|||
|
|
|
|||
|
If the property is under joint Ownership/
Co-ownership share of each Such Owner are the share is undivided |
Super Steel Industry is sole Owner of the Property |
|||
|
|
|
|||
|
Brief description of the property (whether
Open hand, House property, Land area, built up area, no. of floras etc. |
In the Property factory Building is under construction |
|||
|
|
|
|||
|
Dimension
of the site |
As per Sale deed |
Actual |
||
|
North |
Not mentioned |
Gau-Shala’s
Vacant Plot |
||
|
South |
Not mentioned |
M/s Maha Shakti
Energy Limited |
||
|
East |
Not mentioned |
Railway Area |
||
|
West |
Not mentioned |
Road |
||
|
|
|
|||
|
Location of the Property (Plot/ Door No. Survey
No. etc) |
The property bearing Plot No.A-9 to A-15
is situated at Focal Pint, Dabwali Road, Bathinda |
|||
|
|
|
|||
|
Postal Address |
M/s Super Steel Industries, Plot No. A-9 to A-15, situated at Focal
point, Dabwali Road, Bathinda |
|||
|
|
|
|||
|
Boundaries
of the property |
|
|||
|
North |
538’6” |
|||
|
South |
475’6” |
|||
|
East |
276’0” |
|||
|
West |
191’6” |
|||
|
|
|
|||
|
Whether covered under corporation/
panchyat/ MC |
MC |
|||
|
|
|
|||
|
Is the land freehold |
Free hold |
|||
|
|
|
|||
|
Type of the property-whether |
Industrial |
|||
|
|
|
|||
|
Whether owner or tenant occupies the
property. If occupied by tenant since law long he is staying and the amount
of rent being paid. |
Owner occupied |
|||
|
|
|
|||
|
Classification
of the site |
||||
|
|
|
|||
|
Population group: Metro/ Urban/ Semi
Urban/ Rural |
Urban |
|||
|
|
|
|||
|
High/ Middle/ Poor Class |
Middle. |
|||
|
|
|
|||
|
Residential/ Non Residential |
Mixed |
|||
|
|
|
|||
|
Development of surrounding area. |
Developed |
|||
|
|
|
|||
|
Proximity of civil amenities (like school,
hospital, bus stop, market) |
2-3 Km |
|||
|
|
|
|||
|
Level of the land (plain, rock etc.) |
Plain Area |
|||
|
|
|
|||
|
Terrain of the land |
Irregular |
|||
|
|
|
|||
|
Type of the use to which it can put (for
construction of house, factory) |
Factory |
|||
|
|
|
|||
|
Whether the plot is under town planning
approved layout? |
Yes, Under
Industrial Focal Point |
|||
|
|
|
|||
|
Whether the post is intermittent or corner? |
Intermitent. |
|||
|
|
|
|||
|
Whether any road
facility is available? |
Yes |
|||
|
|
|
|||
|
Type of road available (B.T./ Cement road
etc.) |
B.T. |
|||
|
|
|
|||
|
Front width of the road? |
30’0” wd |
|||
|
|
|
|||
|
Source of water and water potentially |
Govt. Water Supply. |
|||
|
|
|
|||
|
Availability of power supply |
Available |
|||
|
|
|
|||
|
Advantages of the site |
As the Property is situated at focal Point
facilities required for industry are available here. |
|||
|
|
|
|||
|
Disadvantages of the site |
NA |
|||
|
|
|
|||
|
General Remarks |
The location of Property is good and from
commercial aspects, in future there is great score of further development and
rise in price of property. |
|||
|
|
|
|||
|
Rent
details |
||||
|
|
|
|||
|
Is the building owner occupied! tenant/
both |
Owner Occupied |
|||
|
|
|
|||
|
VALUE OF PROPERTY PART I: (VALUATION OF LAND) |
||||
|
Dimensions of the plot |
Dimensions are written on site plan |
|||
|
|
|
|||
|
Total area of the plot |
12068 sq. yards |
|||
|
|
|
|||
|
Prevailing market rat |
The value of Vacant land is prevailing @
rs.7,500/- to rs.8,500/- per sq. yards in this area |
|||
|
|
|
|||
|
Guideline rate obtained from the Registrar
Office |
Rs.2000/- per sq. yards |
|||
|
|
|
|||
|
Assessed/ adopted rate of valuation |
Rs.8,000/- per sq. yards. |
|||
|
|
|
|||
|
Estimated
value of the land |
Rs.96.544
Millions |
|||
|
|
|
|||
|
The
conservative value of the land |
Rs.82.062
Millions |
|||
|
|
|
|||
|
PART – II (VALUATION OF BUILDING PROPERTY) TECHNICAL DETAILS OF THE BUILDING |
||||
|
Type of building Residential / Commercial/
Industrial |
Industrial |
|||
|
|
|
|||
|
Year of construction |
New |
|||
|
|
|
|||
|
Future life of the property |
55 years |
|||
|
|
|
|||
|
No. of floors and height of each floor
including basement |
Single Storey |
|||
|
|
|
|||
|
Plinth
area of each floor |
Floor |
Actual (Sq. ft.) |
Permissible |
|
|
Machinery hall |
G Floor |
16000 |
50% of Total |
|
|
Office Block |
G Floor |
1500 |
Area |
|
|
|
|
|||
|
Type of construction (toad bearing/ RCC/
Steel framed) |
Load Bearing |
|||
|
|
|
|||
|
Condition
of the building |
|
|||
|
|
|
|||
|
External (excellent/good/normal/poor) |
Normal |
|||
|
Internal (excellent/good/normal/poor) |
Good |
|||
|
|
|
|||
|
Whether the building/ property is
constructed strictly according to the sanctioned plan, detail of variations
noticed if any and effect of the same on the valuation. |
NA |
|||
|
|
|
|||
|
SPECIFICATION OF CONSTRUCTION |
||||
|
Description |
Industrial Building |
|||
|
|
|
|||
|
Foundation |
Brick Masonry /RCC |
|||
|
|
|
|||
|
Basement |
N.A |
|||
|
|
|
|||
|
Superstructure |
Brick Masonry /RCC |
|||
|
|
|
|||
|
Joinery/ Door and Windows |
Iron Doors and Windows Framed |
|||
|
|
|
|||
|
Roofing of ACC Sheets over iron truss |
Under Construction |
|||
|
|
|
|||
|
Plastering |
Partly Plastered |
|||
|
|
|
|||
|
Drainage |
Underground System of Drainage |
|||
|
|
|
|||
|
Compound Wall (Height, Length and type of
Construction) |
10’0” High |
|||
DETAILS
OF VALUATION
|
Particulars of Item |
Plinth Area |
Estimated Replacement Rate |
Replacement Cost (Rs. In Millions)
|
Net Value (Rs. In Millions)
|
|
|
|
|
|
|
|
Machinery Hall |
Ground Floor =
16000 sq. ft. |
Rs.250/- sq. ft.
|
4.000 |
4.000 |
|
Office Block |
1500 sq. ft. |
Rs.400/- sq. ft.
|
0.600 |
0.600 |
|
|
|
|
|
|
|
Total |
4.600 |
|||
PART
III
VALUATION
OF OTHER AMENITIES / EXTRA ITEMS/ MISCELLANEOUS
|
Particulars of Item |
Qty. |
Estimated Replace ment Rate |
Replacement Cost |
Depreciation |
Net Value |
|
|
|
|
|
|
|
|
Boundary Wall |
1656 r. ft. |
Rs.750/- r ft |
Rs.1.242 Million
|
Nil |
Rs.1.242
Millions |
|
|
|
|
|
|
|
|
Iron gate |
5 q. |
Rs.5000/- q. |
Rs.0.025 Million
|
Nil |
Rs.0.025
Millions |
SUMMARY
OF VALUATION
|
Part I Land |
Rs.96.544
Millions |
|
|
|
|
Part II Building |
Rs.4.600
Millions |
|
|
|
|
Part II other
Amenities/ Misc. |
Rs.1.267
Millions |
|
|
|
|
Total Market
Value |
Rs.102.411
Millions |
|
|
|
|
The Overall
conservative value of the property |
Rs.87.049
Millions |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Sheesh Mahal Developers Limited
Address: Dabwali Road Bathinda, Punjab, India
Line of Business: Real Estate
· Self Care Health Resorts Private Limited
Address: 3400-B, Street No.6/1, P. H. Road, Bathinda, Punjab, India
· Super Jewellers
Address: Industrial area, Chandigarh, Punjab, India
Line of Business: Diamond and Greed Jewellery
------------------------------------------------------------------------------------------------------------------------------
OPERATIONS
–
AS ON 31.03.2010
The company was incorporated on 1 September, 2008 with an object to
establish an Engineering consultancy enterprise having state of the art
Engineering Laboratory which would cater to the engineering testing
requirements of the region. Keeping in lines of the objects of the company, the
company has opening up a Engineering Design and Consultancy Cell along with as
expected Multi Lab. The company has also opened up Educational division which
would look after the HR requirements of the region. It has also engaged itself
into Engineering projects on contractor ship as its has its own infrastructure
facilities i.e. designing/ consultancy and laboratory. The company has achieved
gross turnover of Rs.53.362 Millions during the year as compared to last year
figure of Rs.0.981 Million. The company has earned net profit of Rs.1.367
Millions, as compared to net profit of Rs.0.118 Millions earned during the
previous year. As the company has good orders in hand, the directors are
hopeful to earn good profits in the coming year apart from providing better
services to the customers.
------------------------------------------------------------------------------------------------------------------------------
FORM 8:
|
Corporate
identity number of the company |
U45209PB2008PLC032275 |
|
Name of the
company |
Zanders Engineers
Limited |
|
Address of the
registered office or of the principal place of business in |
D-98, Industrial Area, Phase - VII, Mohali
– 160055, Punjab, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property (Not being Pledge) Others: Current Assets and Movable Fixed Assets. |
|
Particular of charge
holder |
Kotak Mahindra
Bank Limited 36-38-A, Nariman Bhavan, 227 D, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of Hypothecation
|
|
Date of
instrument Creating the charge |
11.02.2011 |
|
Amount secured by
the charge |
Rs.87.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: OD - Floating over
the tenure of the facility. Current Bank Benchmark Base Rate. Terms of
Repayment: PBG - Maximum 12
months including claim period of two months. Margin: PBG / LC -
Minimum cash margin of 15% shall be provided upfront in the form of Fixed
Deposit. (100% cash margin
for guarantees covering disputed liabilities) Lien shall be
marked on the FD till such time as the BG is cancelled and returned to the
Bank. Extent and
Operation of the charge: First and
exclusive charge by way of Hypothecation of Current assets and Movable fixed
assets present and future of the Borrower, in favour of Kotak Mahindra bank
as security for repayment of financial facilities granted by the Bank to the
Borrower. |
|
Particulars of
the property charged |
The whole of
Borrower's Current assets and Movable fixed assets both present and future. |
|
Particulars of
the present modification |
Bank had granted
facilities of Rs.25.000 Millions (OD Facility) to the Borrower which was secured
by way of Hypothecation on Current assets and Moveable Fixed Assets of the
company on 16/04/2010. Now bank has enhance OD facility From Rs.25.000
Millions to Rs.50.000 Millions and granted additional PBG facility of
Rs.20.000 Millions and LC facility of Rs.17.500 Millions to the company and
the said charge is modified and extended to the increased total facilities of
Rs.87.500 Millions. |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Building
· Cars
· Air Conditioner
· Computer – Laptop
· Electric Equipments
· Furniture and Fitting
· Farm Building
· Freezer and Cooler
· Fitting and Fixtures
· Electric and Fittings
· Laboratory Equipment
· Office Equipments
· Motor Cycle and Bicycle
· Site Machinery and Equipments
· Workshop Tools (ZMTL)
· Workshop Tools (ZSDC )
------------------------------------------------------------------------------------------------------------------------------
WEBSITE DETAILS
CORPORATE PROFILE:
Subject began with the simple idea
of taking a dream, making it a reality, and creating a better environment for
people to live in, work and bring up a family. Promoted by entrepreneurs of
proven track record and a vast experience in the field of Infrastructure, Civil
Engineering, Real Estate and Project Management.
Subject specializes in integrated design, engineering, construction, and
project management and has wide sector coverage with particular expertise in
infrastructure, residential, commercial, healthcare, leisure ans industrial
properties. Subject has also taken up the onus of training and skills
development for school dropouts.
Subject prides itself on delivering clients completed projects by fusing
tremendous engineering knowledge with innovative skills, harnessing men and
materials. The operations have always been marked by creation of synergies,
backward and forward integrations and strategic innovations for competitive
edge. Their ability to mobilize financial, material and human resources in
quick timeframe makes them the preferred contractor for critical projects.
Long term client relationships, strategic partnerships and collaborative
working are all part of the Zanders ethos.
THE BUSINESSES INCLUDE
· Design and Consultancy
· Construction
· Real Estate
· Environment Engineering
· Research, Investigation and Testing
· Skills Development
THE STAFF
They are a people-driven enterprise. The innovative and diverse workforce has
the will to take on challenges and see them through. Be it the scorching desert
sun, the fierce monsoons or Freezing temperatures, the people are always
willing to perform with single minded focus on enhancing the company’s name.
Transcending cultural and ethnic barriers, the vast and varied workforce of
skilled professionals, speaks only one language - that of attaining common
goals. At all their projects, this team spirit among workers has contributed to
precise co-ordination, motivation and enthusiasm. The dynamic synergy of this
global resource has been the primary catalyst in the Group’s emergence as a
premier engineering, procurement and construction player in the region.
The areas of expertise range from feasibility study, design and project
management, through construction to building services and whole-life asset
management and maintenance. This allows us to self-perform major portions of the
work on our projects. The associates use sophisticated computerized systems to
track the location, status and maintenance history of each of their resource.
They are dedicated to development of expertise and technical
know how of their associates. The personnel policies encourage recruitment of
talented people, training them to excel in their respective fields.
MANAGEMENT
Mr. Inderjit Brar, Group Chairman
Mr. Inderjit Brar is the pillar of subject of excellence and
perfection. Possessing 2 decades of experience in development of residential
and commercial real estate projects across multitude of locations in Punjab
(India), he has his hand on the pulse of the Indian market. As a telescopic
leader, he has effectively led a group restructuring and transformation process
aimed at enhancing the shareholder value. With his extraordinary business
acumen he has made notable contribution to the growth of industrialization
across the North India and deservedly he has been recognized by Times Group's
"Business Achievers of the North" award. His philanthropic role is
revealed in his involvement in the social sector, especially in the areas of
rehabilitating young school drop-outs.
Col. (Retd.) Dr.S. S. Khera, CEO
A seasoned technocrat, Doctorate in Management and Fellow of
Institution of Engineers (India), he has 24 years of experience in handling
multidisciplinary engineering projects across the country. He has served as a
Chief Engineer (Naval Works) with Military Engineering Service. Having handled
an entire spectrum of assignments from design to planning and execution of
multistory buildings, runways, marine structures, townships, warehouses, etc.
in his career, he brings a wealth of technical prowess to the group.
Mr. Ajitpal Brar, COO
A management expert, he leads the team at subject with
vision and expert hand to lend vital energy and keep it one cohesive unit
hungry for success, yet satiated with motivation. His practical experience in
the planning and execution of large infrastructure projects like highways,
bridges, over/under passes, flyovers, etc. serves as the guiding factor for
subject in their quest for glory as a developing infrastructure powerhouse. Mr.
Brar is also responsible for the business development of the company.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.59 |
|
|
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.64.80 |
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.