MIRA
INFORM REPORT
|
Report Date : |
08.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
CHODHA HOSPITAL |
|
|
|
|
Registered
Office : |
A/253, New Vijaya Nagar, Jalandhar, Punjab |
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|
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Country : |
|
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|
|
|
Financials (as
on) : |
31.03.2011 –
Provisional |
|
|
|
|
Year of
Establishment : |
2002 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.453 Million |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Specialist Doctor for Bones and Joints. |
|
|
|
|
No. of Employees
: |
13 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a relatively small proprietory concern in its field. Trade relations
are reported as fair. The valuation report and networth statement provided
seems to be satisfactory. Payments are reported to be usually correct and as
per commitments. However, it would be advisable to take adequate securities while
dealing with the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Naresh |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9814039916 |
|
Date : |
05.07.2011 |
LOCATIONS
|
Registered Office : |
A/253, New Vijaya Nagar, Jalandhar, Punjab, India |
|
Mobile No.: |
91-9814039916 (Mr. Naresh) |
|
E-Mail : |
|
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Naresh Chodha |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
42 years |
|
PAN No.: |
AAIPC7215R |
BUSINESS DETAILS
|
Line of Business : |
Specialist Doctor for Bones and Joints. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
13 (Approximately) |
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Bankers : |
· Corporation Bank CHB Nagar, Jalandhar, Punjab,
India · HDFC Bank · State Bank of India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Jitendra Sharma and Company Chartered Accountant |
|
Address : |
Jalandhar, Punjab, India |
CAPITAL STRUCTURE
PROPRIETOR’S
CAPITAL ACCOUNT
AS ON 31.03.2011 –
PROVISIONAL
|
Particulars |
(Rs. In Millions) |
|
|
|
|
Dr. Naresh
Chodha |
0.202 |
|
Add: Addition |
0.000 |
|
Add: Net Profit |
0.761 |
|
|
0.963 |
|
Less: Drawings |
0.510 |
|
|
|
|
Total |
0.453 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Proprietors Capital A/c |
0.453 |
0.202 |
0.375 |
0.675 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.453 |
0.202 |
0.375 |
0.675 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
0.614 |
0.789 |
0.935 |
0.540 |
|
|
2] Unsecured Loans |
0.138 |
0.138 |
0.138 |
0.138 |
|
|
TOTAL BORROWING |
0.752 |
0.927 |
1.073 |
0.678 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
1.205 |
1.129 |
1.448 |
1.353 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.803 |
0.812 |
0.878 |
1.165 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.025
|
0.000
|
0.035 |
0.000 |
|
|
Cash & Bank Balances |
0.481
|
0.450
|
0.722 |
0.566 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.012
|
0.006 |
0.058 |
|
Total
Current Assets |
0.506
|
0.462 |
0.763 |
0.624 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
0.013
|
0.067
|
0.012 |
0.207 |
|
|
Other Current Liabilities and Provisions |
0.091
|
0.078
|
0.181 |
0.229 |
|
Total
Current Liabilities |
0.104
|
0.145 |
0.193 |
0.436 |
|
|
Net Current Assets |
0.402
|
0.317 |
0.570 |
0.188 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
1.205 |
1.129 |
1.448 |
1.353 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
TOTAL
INCOME |
2.233 |
1.776 |
2.029 |
1.988 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Electricity Expenses |
0.128 |
0.110 |
0.096 |
0.093 |
|
|
|
Insurance Expenses |
0.013 |
0.010 |
0.016 |
0.014 |
|
|
|
Petrol Expenses |
0.037 |
0.033 |
0.053 |
0.049 |
|
|
|
OT and Consumable |
0.121 |
0.108 |
0.041 |
0.000 |
|
|
|
Rent Expenses |
0.096 |
0.096 |
0.096 |
0.096 |
|
|
|
Salary and Incentives |
0.463 |
0.413 |
0.485 |
0.486 |
|
|
|
Telephone Expenses |
0.036 |
0.029 |
0.033 |
0.019 |
|
|
|
Other Expenses |
0.437 |
0.317 |
0.549 |
0.624 |
|
|
|
TOTAL |
1.331 |
1.116 |
1.369 |
1.381 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.902 |
0.660 |
0.660 |
0.607 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.141 |
0.148 |
0.170 |
0.212 |
|
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.761 |
0.512 |
0.490 |
0.395 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
34.08
|
28.83 |
24.15 |
19.87 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
34.08
|
28.83 |
24.15 |
19.87 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
58.14
|
40.19 |
29.86 |
22.08 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.68
|
2.53 |
1.31 |
0.59 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.89
|
5.31 |
3.38 |
1.65 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.87
|
3.19 |
3.95 |
1.43 |
LOCAL AGENCY FURTHER INFORMATION
PROJECTED
BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2012 (Projected) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.660 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.660 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.489 |
|
|
2] Unsecured Loans |
|
|
0.138 |
|
|
TOTAL BORROWING |
|
|
0.627 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.287 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.684 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.036 |
|
|
Cash & Bank Balances |
|
|
0.683 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.719 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.016 |
|
|
Other Current Liabilities and Provisions |
|
|
0.100 |
|
Total
Current Liabilities |
|
|
0.116 |
|
|
Net Current Assets |
|
|
0.603 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1.287 |
|
PROFIT
& LOSS ACCOUNT
(RS.
IN MILLIONS)
|
|
PARTICULARS |
|
|
31.03.2012 (Projected) |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL INCOME |
|
|
2.681 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Electricity Expenses |
|
|
0.165 |
|
|
|
Insurance Expenses |
|
|
0.015 |
|
|
|
Petrol Expenses |
|
|
0.054 |
|
|
|
OT and Consumable |
|
|
0.145 |
|
|
|
Rent Expenses |
|
|
0.096 |
|
|
|
Salary and Incentives |
|
|
0.556 |
|
|
|
Telephone Expenses |
|
|
0.040 |
|
|
|
Other Expenses |
|
|
0.558 |
|
|
|
TOTAL |
|
|
1.629 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
1.052 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.120 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
0.932 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF INCOME
CHODHA
HOSPITAL
(Proprietor
- Mr. Naresh Chodha)
(RS. IN MILLIONS)
|
Particulars |
2010-2011 |
|
|
|
|
|
|
Income from Business/ Profession |
|
0.512 |
|
CHODHA HOSPITAL |
|
|
|
Net profit as per Profit and Loss A/c |
0.512 |
|
|
Add: Items Inadmissible / for Separate
Consideration |
0.148 |
|
|
|
|
|
|
Depreciation separately considered – 0.148 |
|
|
|
|
|
|
|
Sub Total |
0.660 |
|
|
|
|
|
|
Less: Items Inadmissible / for Separate
Consideration |
(0.148) |
|
|
Depreciation as admissible - 0.148 |
|
|
|
|
|
|
|
Business Income |
0.512 |
|
|
|
|
|
|
Gross Total Income |
|
0.512 |
|
|
|
|
|
Less: Deductions under chapter VI –A |
|
(0.100) |
|
U/s 80 C |
|
|
|
|
|
|
|
Life Insurance Premium |
0.100 |
|
|
|
|
|
|
(Gross Rs.0.100 Million Qualifying Rs.0.100
Million) |
|
|
|
|
|
|
|
Total Income |
|
0.412 |
|
|
|
|
|
Net Assessable Income of the assessed is
thus Rs.0.412 Million |
||
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF INCOME
DR. ARPANA CHODHA
(RS. IN MILLIONS)
|
Particulars |
2010-2011 |
|
|
|
|
|
|
Income from Business/ Profession |
|
0.362 |
|
|
|
|
|
Professional Income |
0.112 |
|
|
Professional Income on contractual basic
After EXPS |
0.250 |
|
|
Net Total Business Income |
0.362 |
|
|
|
|
|
|
Income from other Sources |
|
0.031 |
|
Bank Interests |
|
|
|
Corporation Bank, Jalandhar |
0.031 |
|
|
Total Income from other sources |
0.331 |
|
|
|
|
|
|
Gross Total Income |
|
0.393 |
|
|
|
|
|
Less: Deduction under chapter VI – A |
|
(0.100) |
|
|
|
|
|
u/s 80C |
0.100 |
|
|
|
|
|
|
15 years Public provided Fund |
0.010 |
|
|
Life Insurance Premium (12248 + 48529) |
0.061 |
|
|
Approved Units of Mutual Funds |
0.010 |
|
|
Tution Fees |
0.041 |
|
|
|
|
|
|
(Gross Rs.0.122 Million Qualifying Rs.0.100
Million) |
|
|
|
|
|
|
|
Total Income |
|
0.293 |
|
|
|
|
|
Net Assessable Income of the assessed is
thus Rs.0.293 Million |
||
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
NAME OF THE
APPLICANT: DR. NARESH CHODHA
NAME OF THE
CO-APPLICANT: DR. ARPANA CHODHA
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Particulars |
Applicant |
Co-Applicant |
|
|
|
|
|
Address of the Property with survey No./ Door No. |
-- |
1102/956, Basti Mithu, Kapurthala Road, Jalandhar,
Punjab, India |
|
|
|
|
|
Description : Land/ Site/ Building |
-- |
Site |
|
|
|
|
|
Whether Freehold/ Leasehold |
-- |
Freehold |
|
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
-- |
Commercial |
|
|
|
|
|
Area/ Extent of Land |
-- |
20 Marla |
|
|
|
|
|
Present Market/
Assessed Value |
-- |
Rs.12.000
Millions |
INVESTMENT IN
BUSINESS CAPITAL
|
Name of the Company / firm/ Concern in
which investment is made |
Chodha Hospital |
-- |
|
|
|
|
|
Date of Investment |
2002 |
-- |
|
|
|
|
|
Present
Value of Investment |
Rs.0.878
Millions |
-- |
DEPOSIT HELD WITH
BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Bank/ company where deposits are
held |
Corporation Bank HDFC Bank Corporation Bank |
Corporation Bank State Bank of India |
|
|
|
|
|
Nature of Deposits |
CA579 CA Term Deposit |
Term Deposit SB A/c |
|
|
|
|
|
Present value of Deposits |
Rs.0.023 Million Rs.0.020 Million
Rs.0.540 Million |
Rs.0.411 Million Rs.0.207 Million
|
VEHICLES OWNED
|
Model/ Make |
Maruti A Star |
-- |
|
|
|
|
|
Date of Purchases |
2010 |
-- |
|
|
|
|
|
Whether Hypothecated for Loan |
Yes |
-- |
|
|
|
|
|
Details of Loan against vehicles |
CVE HP 100012 |
-- |
|
|
|
|
|
Present Market value |
Rs.0.340 Million
|
-- |
OTHER ASSETS
|
Furniture and Fixtures |
0.021 |
0.050 |
|
|
|
|
|
Cash in Hand |
0.020 |
0.015 |
|
|
|
|
|
Plant and Machinery |
0.857 |
0.500 |
|
|
|
|
|
Total Value of other Assets |
Rs.0.898 Million |
Rs.0.565 Million |
LIABILITIES
FURNISH LOANS
AVAILED FROM BANKS/ FINANCIAL INSTITUTIONS AND OTHER BORROWING
|
Name of the
Banks/ Institute |
Corporation Bank HDFC Bank |
Corporation Bank |
|
|
|
|
|
Nature / Type of
Loan |
CVEHP 100012 Personnel Loan |
CHOME 90002 (Naresh Chodha, Arpana Chodha) |
|
|
|
|
|
Date of Loan |
31.03.2010 |
06.02.2009 |
|
|
|
|
|
Amount of Loan
availed |
Rs.0.325 Million Rs.0.500 Million |
Rs.1.200 Million |
|
|
|
|
|
Security offered
if any |
Hypothecation of Car |
EMG |
|
|
|
|
|
Amount
Outstanding (Total
Liabilities) |
Rs.0.283 Million Rs.0.350 Million
|
Rs.0.940 Million
|
------------------------------------------------------------------------------------------------------------------------------
PERFORMA
FOR VALUATION REPORT IN RESPECT OF IMMOVABLE PROPERTY
GENERAL
INFORMATION
|
Purpose for
which valuation is made |
Fair Market
Value as update for Loan purpose |
|
|
|
|
Date as on which
valuation is made |
14.05.2011 |
|
|
|
|
Date of
inspection of the property |
13.05.2011 |
|
|
|
|
Name of the
Owner/ Owners |
Dr. Arpana
Chodha W/o Dr. Naresh
Chodha S/o Mr. Devi
Dass Chodha As per Title
deed No.7, 179, Dated 12.02.2009 |
|
|
|
|
If the property
is under joint ownership Co-ownership, share of each such owner, Are the
shares undivided? |
Single Owner |
|
|
|
|
Brief
Description of the Property |
Commercial
Un-Built Plot |
|
|
|
|
Location Street,
Ward No. |
Commercial
Property bearing Khasra No.1102/956, Khewat/ Khatoni No.39/39, Hadbast No.:
310, Jambandi Year 2006-07, situated at Area Abadi Basti Mithu, on Jalandhar-
Kapurthala Road, Near Aashirwad Tower, Tehsil and District, Jalandhar |
|
|
|
|
Survey Plot No.
of Land |
Commercial
Property bearing Khasra No.1102/956, Khewat/ Khatoni No.39/39, Hadbast No.: 310,
Jambandi Year 2006-07, situated at Area Abadi Basti Mithu, on Jalandhar-
Kapurthala Road, Near Aashirwad Tower, Tehsil and District, Jalandhar |
|
|
|
|
Is the property
situated in residential/ Commercial/ Mixed / Industrial Area? |
Commercial Area |
|
|
|
|
Classification
of Locality High, Middle Class, Poor Class |
Middle Class. |
|
|
|
|
Proximity to
civic amenities like school, Hospitals, Offices, Market, Cinemas etc. |
With in three
kilometer. |
|
|
|
|
Distance between
property and Bank Branch |
Four Kilometer
app. |
|
|
|
|
Means an
Proximity to surface communication by which the locality is served. |
By Cars,
Scoters, Trucks, Rickshaws etc. |
|
|
|
|
LAND |
|
|
Area of Land, supported
by documentary proof. Shape, dimensions and physical features. |
20-00 Marla,
(One Marla = 207 s. ft) As per Title
deed No.7,179, Dated 12-02-2009. 39’-6” x 102’-0” = 4029-00 sft. As per site or 19-46 Marla (Considered for valuation being Lesser area) Rectangle Shape. |
|
|
|
|
Road Street of
Lanes on which the land is abutting |
Road on its
south and street on its North |
|
|
|
|
Is it Freehold
or Leasehold Land |
Freehold |
|
|
|
|
SALES |
|
|
Land rate
adopted in this valuation |
Rs.8,00,000-00
per Marlas |
|
|
|
|
Land Rate Fixed
by Local Revenue dept. for Registration Purpose. |
Rs.3,85,000/-
per Marla as per Village Code no.0076 of 0003 With 10%
Enhancement. |
|
|
|
|
If sale instances
are not available or not relied upon, the basis of arriving at the land rate.
|
By Local
Quarried and Experience. |
|
|
|
|
|
|
|
VALUATION Here the Register4d Valuer should discuss in detail his approach
to valuation of the property and indicate how he value has been arrived and
supported by necessary calculations. The Property in q1estion is a Commercial Property Bearing Khasra
No: 1102/956, Khewat/ Khatoni No: 39/3 9, Hadbast No: 310 , Jamabandi Year
2006-07, Situated at Area Abadi Basti Mithu, on Jalandhar-Kapurthala Road,
Near Aashirwad Tower , Jehsil and Distt. Jalandhar. For Valuation of Land. Land Rate Fixed by Local Revenue
Dept. for Registration Purposes is also coded and for market value, local
enquiries were made from some of the prominent Estate agent to find out the
market rates of the said Plot of land for the particular pocket. Keeping in
view the present market rates and the various parameters of the land
affecting the value of land, the market rates of this land has been assessed
and adopted in the valuation of this property which is worked out on Page No:
9 of the report. |
|
|
Market Value of
Property |
Rs.15.568
Millions |
|
|
|
|
Forced Value of
Property |
Rs.13.233
Millions |
|
|
|
|
Distressed Value
of Property |
Rs.11.676
Millions |
TECHNICAL DETAILS
|
Compound Wall |
|
|
|
I] Height and Length |
3 feet height
and 80 feet ion length |
|
|
II] Type of
Construction |
Brick walls laid
in cement mortar |
|
|
|
|
|
|
VALUATION
SYNOPSIS |
||
|
Area of the Plot
|
20-00 Marla,
(One Marla = 207 sft.) As per Title
deed No.7,179, Dated 12.02.2009. 39’-6”-102’-0” =
4029-00 sft. As per site or 19-46 Marla (Considered for valuation being
lesser area) Rectangle Shape.
|
|
|
|
|
|
|
Whether the plot
fall in Approved colony or falls in municipal Limit or fall in Village area
of sarpanch. |
Property Falls
in Municipal Area Limit |
|
|
|
|
|
|
Tenure and
Tenancy |
Commercial
un-Built Plot. |
|
|
|
|
|
|
Owner-ship |
Dr. Alpana
Chodha w/o Dr. Naresh Chodha S/o Mr. Devi
Dass Chodha As per Title
Deed No.7,179, Dated 12.02.2009 |
|
|
|
|
|
|
|
Commercial Property
bearing Khasra No.1102/956, Khewat/ Khatoni No.39/39, Hadbast No.310,
Jamabandi year 2006-07, situated at area Abadi Basti Mithu, On Jalandhar –
Kapurthala Road, Near Ashirwad Tower, Tehsil and District Jalandhar. |
|
|
|
|
|
|
Boundaries |
As per Title
Deed |
As per site |
|
North |
Street |
Street/ 39’-6” |
|
South |
Road |
Jalandhar- Kapurthala Road/ 39’-6” |
|
East |
Amarjit Singh |
Other Plot/ 102’-0” |
|
West |
Harbhajan Singh |
Other Plot/ 102’-0” |
VALUATION
VALUATION ON LAND
BASIS
The land value depends upon the size of the plot, its placement,
situations and utility, Design and quality of Construction on it, increase or decrease
its value when priced as a built up structure, i.e. super structure being an
encumbrance on land.
The prices are always high for small plot of land due to more
competitions and these being with in the reach of the average income group of
people and also due to their utility for residential / commercial / industrial
/ other purposes. The demand for land thus varies inversely as to its size. The
smaller the area of the plot more are buyers and bigger the area of the plot
few are buyers.
Since the above said property is situated at Area Abadi Basti Mithu, on
Jalandhar-Kapurthala Road, Near Aashirwad Tower, Tehsil and Distt. Jalandhar,
which falls in the Municipal Limit. The said property is most suitably placed
and enjoying its value and importance. The vicinity is fully developed and all
civic amenities are available. The said property has a very potential value in
this particular pocket. There is hardly a space available in this particular
zone.
The present current market rates for the land have been enquired at the
site and as well as from the private local agencies for this particular pocket
of the same shape and size, which are between Rs.0.800 Million to Rs.0.900 Million per marlas of 207 sq. ft.
Market value of
Land:
=19-46 marla x Rs.8,00,000-00.
= Rs.15.568 Millions
Value of Land
for registration
= 1946-Marla x Rs.3,85,000-00.
= Rs.7.492 Millions
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Sudh Hospital
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Car
· Refrigerator
· Cooler Equipment
· Air Conditioner
· Water Purifier
· Furniture
· Fan
· Scooter
· Water Cooler
· Mobile Phone
· Computer
· Camera
· ECG Machine
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.44.33 |
|
|
1 |
Rs.70.74 |
|
Euro |
1 |
Rs.63.65 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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.