MIRA
INFORM REPORT
|
Report Date : |
11.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHEELA SHREE PLAZA |
|
|
|
|
Registered
Office : |
94/9FJankipuram Civil Lines, Jhansi – 284001, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Year of
Establishment : |
2008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.699 Millions |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Hospitality Sector |
|
|
|
|
No. of Employees
: |
4 (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 : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new concern and yet to commence its commercial
business activities. No track are available. The valuation report and
networth statement provided seems to be satisfactory. Payment terms are
unknown. 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. Mahesh Narain Gupta |
|
Designation : |
Key Executive |
|
Contact No.: |
91-9415043099 |
|
Date : |
06.07.2011 |
LOCATIONS
|
Registered Office : |
94/9F, Jankipuram Civil Lines, Jhansi – 284001, Uttar Pradesh, India |
|
Tel. No.: |
91-510-2471440 |
|
Mobile No.: |
91-9415043099 (Mr. Mahesh Narain Gupta) |
|
E-Mail : |
|
|
Area : |
13503 sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mrs. Sheela Devi Gupta |
|
Designation : |
Proprietor |
|
Address : |
94/9F, Jankipuram Civil Lines, Jhansi – 284001, Uttar Pradesh, India |
|
Date of Birth/Age : |
04.05.1952 |
|
Qualification : |
MA, LLB |
|
Experience : |
10 years |
|
PAN No.: [Permanent Account No.] |
ACKPG6391G |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh Narain Gupta |
|
Designation : |
Key Executive |
|
Address : |
94/9F, Jankipuram Civil Lines, Jhansi – 284001, Uttar Pradesh, India |
|
Date of Birth/Age : |
65 years |
|
Qualification : |
B.Sc. Engg. (Civil), LLB. FIE (India) |
|
Experience : |
36 years |
|
|
|
|
Name : |
Mr. Vinay Gupta (Son) |
|
Designation : |
Key Executive |
|
Address : |
94/9F, Jankipuram Civil Lines, Jhansi – 284001, Uttar Pradesh, India |
|
Date of Birth/Age : |
24 years |
|
Qualification : |
B.E, MBA (Finance) |
|
Experience : |
1 years |
BUSINESS DETAILS
|
Line of Business : |
Hospitality Sector |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
No. of Employees : |
4 (Approximately) |
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|
||||||||||||||||||||
|
Bankers : |
· Corporation Bank Adjacent to JMK Motors, Near Kapoor Nursing Home, Elite-Allahabad Bank
Road, Jhansi – 284001, Uttar Pradesh, India |
||||||||||||||||||||
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|
||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Jai and Company (Mr. J. P. Gupta) Chartered Accountant |
|
Address : |
Mayur Apartment, Near Kunj Bihari Mandir, Gwalior Road, Jhansi, Uttar
Pradcesh, India |
|
Tel. No.: |
91-510-2330007 (O), 2330286 (R) |
|
Mobile No.: |
91-9415031686 |
|
|
|
|
Associates/Subsidiaries : |
· Bandhan Atithi and Utsav Grah (Guest House) 71 - Sushil Nagar, Orai,
District- Jalaun, Uttar Pradesh, India |
CAPITAL STRUCTURE
PROPRIETOR’S
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
Particulars |
31.03.2011 |
|
|
|
|
Opening Balance |
|
|
Sheela Devi |
6.008 |
|
Add: Additions
during the year |
4.691 |
|
|
10.699 |
|
Less: Drawings |
-- |
|
|
|
|
Total |
10.699 |
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 Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.699 |
6.008 |
3.597 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.699 |
6.008 |
3.597 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.727 |
5.662 |
5.050 |
|
|
2] Unsecured Loans |
5.550 |
3.950 |
2.650 |
|
|
TOTAL BORROWING |
10.277 |
9.612 |
7.700 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20.976 |
15.620 |
11.297 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
20.198 |
15.241 |
11.357 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.770
|
0.150 |
0.000 |
|
|
Cash & Bank Balances |
0.120
|
0.239 |
0.026 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
0.890
|
0.389 |
0.026 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.112
|
0.010 |
0.086 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.112
|
0.010 |
0.086 |
|
|
Net Current Assets |
0.778
|
0.379 |
(0.060) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
20.976 |
15.620 |
11.297 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.97
|
1.60 |
2.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.95
|
38.90 |
0.30 |
LOCAL AGENCY FURTHER INFORMATION
PROJECT COST AND MEANS OF FINANCE
PROJECT COST
(RS.
IN MILLIONS)
|
Particulars
|
Amount |
Allocation of interest during construction period and contingencies |
Total (Rs in Millions) |
|
|
|
|
|
|
Land (Developed land owned by the promoters) |
0.000 |
0.000 |
0.000 |
|
Building |
19.845 |
0.848 |
20.693 |
|
Plant and Machinery and Furniture and Fixtures |
11.310 |
0.483 |
11.793 |
|
Other Fixed Assets |
7.315 |
0.313 |
7.628 |
|
Contingencies @ 1% of P&M, OFA and 3% of Building |
0.782 |
0.000 |
7.628 |
|
Preliminary and Preoperative expenses |
2.650 |
0.000 |
2.650 |
|
Interest during construction period |
0.863 |
0.000 |
0.000 |
|
|
|
|
|
|
Total Project
Cost |
42.765 |
1.644 |
50.392 |
MEANS OF FINANCE
(RS.
IN MILLIONS)
|
Particulars
|
Amount |
|
|
|
|
Promoters Contribution |
23.038 |
|
Term Loan-I |
4.726 |
|
Term Loan-II |
15.000 |
|
|
|
|
Total Means of
Finance |
42.764 |
------------------------------------------------------------------------------------------------------------------------------
BREAK EVEN ANALYSIS
|
Item
|
Fixed Cost |
Variable Cost |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Repair and Maintenance |
0.000 |
5.228 |
|
Food and Beverage |
0.000 |
0.578 |
|
Power and Fuel |
0.104 |
4.063 |
|
Wages |
1.864 |
7.457 |
|
Insurance @ 2% of Gross Block |
0.642 |
0.160 |
|
Depreciation |
2.174 |
0.000 |
|
Administrative Cost |
0.191 |
0.447 |
|
Interests |
2.129 |
0.000 |
|
Prel. Expenses Written Off |
0.265 |
0.000 |
|
|
|
|
|
Total
|
7.369 |
17.933 |
|
|
|
|
|
Expected sales |
31.870 |
|
|
Less: Variable Expenses |
17.933 |
|
|
Contribution |
13.937 |
|
|
|
|
|
|
Break – Even Point |
53% |
|
|
|
|
|
|
Cash Break Even Capacity |
37% |
|
------------------------------------------------------------------------------------------------------------------------------
PROFITABILITY STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
|
Receipts |
12.976 |
23.688 |
27.779 |
31.870 |
31.870 |
|
|
|
|
|
|
|
|
Total (A) |
12.976 |
23.688 |
27.779 |
31.870 |
31.870 |
|
|
|
|
|
|
|
|
COST |
|
|
|
|
|
|
Repairs and Maintenance |
1.355 |
2.765 |
3.896 |
5.228 |
6.010 |
|
Food and Beverages |
0.094 |
0.482 |
0.530 |
0.578 |
0.578 |
|
Power and Fuel |
3.600 |
3.780 |
3.969 |
4.167 |
4.376 |
|
Wages |
4.026 |
8.455 |
8.877 |
9.321 |
9.787 |
|
Insurance @ 2% of Gross Block |
0.802 |
0.802 |
0.802 |
0.802 |
0.802 |
|
Depreciation |
1.936 |
2.174 |
2.174 |
2.174 |
2.174 |
|
|
|
|
|
|
|
|
Sub Total |
11.812 |
18.458 |
20.248 |
22.271 |
23.728 |
|
|
|
|
|
|
|
|
ADMINISTRATIVE COST |
|
|
|
|
|
|
Administrative Expenses @ 2% of Sale |
0.260 |
0.474 |
0.556 |
0.637 |
0.637 |
|
|
|
|
|
|
|
|
Sub Total |
0.260 |
0.474 |
0.556 |
0.637 |
0.637 |
|
|
|
|
|
|
|
|
Prel. Expenses Written Off |
0.265 |
0.265 |
0.265 |
0.265 |
0.265 |
|
Total Cost (B) |
12.337 |
19.197 |
21.069 |
23.173 |
24.630 |
|
|
|
|
|
|
|
|
Profit Before
Interests (A-B) |
0.639 |
4.491 |
6.710 |
8.697 |
7.240 |
|
|
|
|
|
|
|
|
Interests |
|
|
|
|
|
|
- Term Loan – I |
0.479 |
1.097 |
0.905 |
0.682 |
0.459 |
|
- Term Loan – II |
1.013 |
1.989 |
1.736 |
1.446 |
1.157 |
|
|
|
|
|
|
|
|
Sub Total |
1.491 |
3.085 |
2.641 |
2.128 |
1.616 |
|
|
|
|
|
|
|
|
Profit Before
Tax |
(0.852) |
1.406 |
4.070 |
6.569 |
5.625 |
|
|
|
|
|
|
|
|
Tax |
0.000 |
0.000 |
0.000 |
1.649 |
1.586 |
|
|
|
|
|
|
|
|
Net Profit |
(0.852) |
1.406 |
4.070 |
4.920 |
4.039 |
|
|
|
|
|
|
|
|
Cash Profit |
1.349 |
3.844 |
6.508 |
7.359 |
6.478 |
|
|
|
|
|
|
|
|
Cumulative Cash Profit |
1.349 |
5.193 |
11.702 |
19.060 |
25.538 |
|
|
|
|
|
|
|
|
Dividend Rate |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
|
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Retained Profit |
(0.852) |
1.406 |
4.070 |
4.920 |
4.039 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Promoters Contribution |
23.038 |
23.038 |
23.038 |
23.038 |
23.038 |
|
Reserve and Surplus |
(0.852) |
0.554 |
4.624 |
9.543 |
13.582 |
|
Secured Term Loan – I |
4.726 |
4.726 |
4.253 |
3.308 |
2.363 |
|
Secured Term Loan – II |
15.000 |
13.929 |
11.786 |
9.643 |
7.500 |
|
Sundry Creditors |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
|
|
Total |
42.412 |
42.747 |
44.201 |
46.032 |
46.983 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Block |
40.114 |
40.114 |
40.114 |
40.114 |
40.114 |
|
Less: Depreciation |
1.936 |
4.109 |
6.283 |
8.457 |
10.631 |
|
Net Block |
38.178 |
36.005 |
33.831 |
31.657 |
29.483 |
|
|
|
|
|
|
|
|
Receivable |
0.279 |
0.454 |
0.533 |
0.611 |
0.611 |
|
Inventory of Stores and Provision |
0.500 |
1.000 |
1.700 |
2.000 |
3.200 |
|
Cash and Bank Balance |
1.070 |
3.168 |
6.282 |
9.974 |
12.364 |
|
Preliminary Expenses |
2.385 |
2.120 |
1.855 |
1.590 |
1.325 |
|
|
|
|
|
|
|
|
Total |
42.412 |
42.747 |
44.201 |
46.032 |
46.983 |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
|
|
|
|
|
|
|
INFLOW |
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in Promoters Contribution |
23.038 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Cash Profit |
1.349 |
3.844 |
6.508 |
7.359 |
6.478 |
|
Increase in borrowing term Loan |
15.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Creditors |
0.500 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Loan – I |
4.726 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total |
44.613 |
3.844 |
6.508 |
7.359 |
6.478 |
|
|
|
|
|
|
|
|
OUT FLOW |
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition of Assets |
40.114 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Repayment of Loan |
0.000 |
1.071 |
2.143 |
2.143 |
2.143 |
|
Repayment of Dividend |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Prel. Expenses |
2.650 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Receivable |
0.279 |
0.175 |
0.078 |
0.078 |
0.000 |
|
Increase in Inventory |
0.500 |
0.500 |
0.700 |
0.500 |
1.000 |
|
|
|
|
|
|
|
|
Total |
43.544 |
1.746 |
2.921 |
2.721 |
3.143 |
|
|
|
|
|
|
|
|
Opening Balance |
0.000 |
1.070 |
3.168 |
6.755 |
11.392 |
|
|
|
|
|
|
|
|
Surplus/ (Deficit) |
1.070 |
2.098 |
3.587 |
4.637 |
3.335 |
|
|
|
|
|
|
|
|
Closing Balance |
1.070 |
3.168 |
6.755 |
11.392 |
14.727 |
------------------------------------------------------------------------------------------------------------------------------
CALCULATION OF DEBT SERVICE COVERAGE RATIO
|
Particulars |
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
|
|
|
|
|
|
|
Profit After Tax |
(0.852) |
1.406 |
4.070 |
4.920 |
4.039 |
|
|
|
|
|
|
|
|
Depreciation |
1.936 |
2.174 |
2.174 |
2.174 |
2.174 |
|
|
|
|
|
|
|
|
Prel. Expenses Written Off |
0.265 |
0.265 |
0.265 |
0.265 |
0.265 |
|
|
|
|
|
|
|
|
Interests |
1.491 |
3.085 |
2.641 |
2.128 |
1.616 |
|
|
|
|
|
|
|
|
Total |
2.840 |
6.930 |
9.149 |
9.487 |
8.094 |
|
|
|
|
|
|
|
|
Interests |
1.491 |
3.085 |
2.641 |
2.128 |
1.616 |
|
Repayment of Loan |
0.000 |
1.071 |
2.143 |
2.143 |
2.143 |
|
|
|
|
|
|
|
|
Total |
1.491 |
4.157 |
4.784 |
4.271 |
3.759 |
|
|
|
|
|
|
|
|
Ratio (Including Interests) |
1.90 |
1.67 |
1.91 |
2.22 |
2.15 |
|
|
|
|
|
|
|
|
Average DSCR (Including Interests) |
2.29 |
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
KEY
INDICATORS
|
Particulars |
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
|
|
|
|
|
|
|
Debt Equity Ratio |
0.068 |
0.059 |
0.043 |
0.030 |
0.020 |
|
|
|
|
|
|
|
|
PBDIT/ Sales |
20% |
28% |
32% |
34% |
30% |
|
PBT/ Sales |
(7%) |
6% |
15% |
21% |
18% |
|
Net Profit / Sales |
(7%) |
6% |
15% |
15% |
13% |
|
Interests Coverage |
0.43 |
1.46 |
2.54 |
4.09 |
4.48 |
|
DSCR (Including Interests) |
1.90 |
1.67 |
1.91 |
2.22 |
2.15 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITY
NAME
OF THE APPLICANT: MRS. SHEELA DEVI GUPTA
NAME
OF THE GUARANTOR: MR. MAHESH NARAIN GUPTA
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Particulars |
Applicant |
Guarantor |
|
|
|
|
|
Address of the Property with survey No./ Door No. |
Opposite Medical
Collage Gate No.1, Jhansi (Near University Police Chowki Jhansi) |
Mathurapura
Araji No.13,14,15 Punadi Kala
Araji No. 3007, 3008, 3009, 3010 Jhansi City
Araji No.100 |
|
|
|
|
|
Description : Land/ Site/ Building |
Commercial Plot
on Araji No. 1309, Mouza — Pichhore,
Kanpur Road NH-25 (Opposite Medical College, Adjoining Police Chowki), Jhansi |
Mathurapura
Araji No.13,14,15 (Area 4.37 Acres) Punadi Kala
Araji No. 3007, 3008, 3009, 3010 (Area 882 Acres) Jhansi City Araji
No.100 (0.25
Acres) |
|
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
Freehold |
|
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
Commercial |
Agricultural and
Residential |
|
|
|
|
|
Area/ Extent of Land |
0.31 Acres
(13503 Ft.) |
Mathurapura 437
Acres Punadi Kala 8.82
Acres Jhansi City 0.25
Acres (110ft x 99 ft =
10890 ft.) |
|
|
|
|
|
Present Market/
Assessed Value |
Rs.52.500 Millions |
0.885 + 1.886 + 8.906 Rs.11.677 Millions |
INVESTMENT
ION BUSINESS CAPITAL
|
Name of the Company / firm/ Concern in
which investment is made |
Investment in Bandhan
Guest House, Orai |
-- |
|
|
|
|
|
Date of Investment |
Since year 2000 |
-- |
|
|
|
|
|
Present
Value of Investment |
Rs.1.500 Millions |
-- |
DEPOSITS
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Bank/ company where deposits are
held |
State Bank of
India, Konch/ State Bank of India, Rajapur Allahabad |
State Bank of
India, Konch |
|
|
|
|
|
Nature of Deposits |
24.09.2007,
29.01.2003 |
24.09.2007 |
|
|
|
|
|
Nature of Deposits |
Term Deposit
Receipt |
Term Deposit
Receipt |
|
|
|
|
|
Present value of Deposits |
Rs.0.375 Million |
Rs.0.133 Million |
SHARES/
DEBENTURES/ MUTUAL FUNDS/ UNITS ETC.
|
Description |
VTI - ULIP |
-- |
|
|
|
|
|
Date of Purchases |
24.10.2007 |
-- |
|
|
|
|
|
Face Value |
Rs.0.040 Million
|
-- |
|
|
|
|
|
Total Value |
Rs.0.040 Million |
-- |
LIFE
INSURANCE POLICY
|
Policy Numbers |
233009139 234106110 14050085 01427250 |
234105790 (LIC) 14049973 (Reliance Life
Insurance) |
|
|
|
|
|
Date of Policy |
28.06.2004 03.03.2007 16.03.2009 16.12.2008 |
30.03.2007 16.03.2009 |
|
|
|
|
|
Type of Policy Endowment / Whole life etc. |
Endowment |
Endowment |
|
|
|
|
|
Annual Premium |
0.098 |
0.071 + 0.010 =
0.080 |
|
|
|
|
|
Sum Assured |
0.100+1.000+0.284+0.125
= 1.509 |
0.710 + 0.095 =
0.805 |
|
|
|
|
|
Surrender Value |
Rs.0.430 Million |
0.355 + 0.030 = Rs.0.385 Million |
VEHICLES
OWNED
|
Model/ Make |
Tata Sumo,
Maruti 800 |
-- |
|
|
|
|
|
Date of Purchases |
1993, 2003 |
-- |
|
|
|
|
|
Present Market value |
Rs.0.200 Million |
-- |
OTHERS
ASSETS
|
Furniture and Fixtures |
0.200 |
0.200 |
|
|
|
|
|
Cash in Hand |
0.300 |
0.100 |
|
|
|
|
|
Jewellery |
1.200 |
0.200 |
|
|
|
|
|
Plant and Machinery |
0.200 |
-- |
|
|
|
|
|
Other Assets if any |
0.300 |
0.200 |
|
|
|
|
|
Total Value of
other Assets |
Rs.2.200 Millions |
Rs.0.700 Million |
|
TOTAL ASSETS |
RS.57.245 MILLIONS |
RS.12.895 MILLION |
LIABILITIES
FURNISH LOANS
AVAILED FROM BANKS/ FINANCIAL INSTITUTIONS AND OTHER BORROWING
|
Name of the Banks/
Institute |
Corporation
Bank, Jhansi |
-- |
|
|
|
|
|
Nature / Type of
Loan |
Term Loan |
-- |
|
|
|
|
|
Date of Loan |
03.06.2008 |
-- |
|
|
|
|
|
Amount of Loan
availed |
Rs.6.000
Millions |
-- |
|
|
|
|
|
Security offered
if any |
Furnished |
-- |
|
|
|
|
|
Amount
Outstanding (Total
Liabilities) |
Rs.4.658 Millions |
-- |
|
NET WORTH |
RS.52.587 MILLIONS |
RS.12.895 MILLION |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Owner |
Mrs. Sheela Devi W/o Mr. Mahesh Narain R/o — Civil Lines, Jhansi |
|
|
|
|
Situated |
At Arazi No. — 1309, Mouza — Pichhore,
Kanpur Road NH-25 (Opposite Medical College, Adjoining Police Chowki), Jhansi |
|
|
|
|
Boundaries |
East: Property of Mr. Shivhare West: Police Chowki Medical College, North: Kanpur highway NH-25 South: Road |
|
|
|
|
General |
It is a five storeyed commercial building
which is situated at Arazi No. - 1309, Mouza - Pichhore, Kanpur road NH-25
(Opposite Medical College, adjoining Police Chowki), Jhansi. At present the
property is under the occupation of the owner. |
|
|
|
|
Technical Details |
Five storeyed commercial building Total area - 13503 Sft., Covered area- 7970
Sft. (Basement) + 10727 Sft. (GF) + 10659 Sft. (FF) + 10158 Sft. (SF) + 10158 Sft. (TF) or total
-49672 Sft. RCC columns and Beams, Brick masonry wall in
cement mortar, RCC roof slab, CC flooring; Height - 10 ft. each, Construction —2011,
Total life - 100 years |
|
|
|
|
Valuation of Property |
Market Value: 13503 sft @ Rs.2500.00 per
sft. (Avg) = Rs.33.758 Millions (Main Highway Property Opposite Medical
College and two roads) Building: 49672 sft @ Rs.500.00 per sft. = Rs.24.836 Millions Total = Rs.58.594 Millions |
|
The Realizable value of above property is Rs.52.500 Millions |
|
PROPERTY
VALUATION REPORT
GENERAL
INFORMATION
|
Name of the Party/Purchaser and Address: |
Mrs. Sheela Devi W/o Mr. Mahesh Narain R/o —
Civil Lines, Jhansi |
|
|
|
|
Name/s of the reported owner / Name/s of persons
in whose name/s the property is registered and address: |
Mrs. Sheela Devi W/o Mr. Mahesh Narain R/o —
Civil Lines, Jhansi |
|
|
|
|
Purpose of Valuation: |
Bank Mortgage |
|
|
|
|
Date of Inspection: |
19.5.2011 |
|
|
|
|
Date of Valuation: |
20.5.2011 |
|
|
|
|
Approximate distance from the branch to the
property: |
5.5 Kms. |
|
|
|
|
Situation / location / brief description of
the land/site and brief description of the building: |
Arazi No. - 1309, Mouza - Pichhore, Kanpur
Road NH-25 (Opposite Medical College, adjoining Police chowki), Jhansi |
|
|
|
|
Boundaries of the property: |
East : Property of Sri Shivhare West : Police Chowki Medical College, North : Kanpur Highway NH-25 South : Road |
|
|
|
|
VALUATION
DETAILS LAND |
|
|
The total Area (Extent) of the site/land |
In local units 13503 Sft. Or in Sqm.1254.93 |
|
|
|
|
Description of the site/land: |
|
|
Characteristic
of Locality: |
Commercial |
|
|
|
|
Classification: |
High Class |
|
|
|
|
Development of surrounding
areas: |
Developed |
|
|
|
|
Is the locality
subjected to frequent flooding: |
No |
|
|
|
|
Feasibility to
the civic amenities like School, Hospital, Offices, Markets etc.: |
Available Next Door |
|
|
|
|
Shape of the
Land: |
Rectangular |
|
|
|
|
Type of use to
which it can be put: |
Commercial |
|
|
|
|
Any other
restriction of usage: |
No |
|
|
|
|
Nature of right,
whether leasehold dl freehold |
Freehold |
|
|
|
|
Road Facility: |
Available |
|
|
|
|
Is it a corner
plot: |
No |
|
|
|
|
Water
supply/potentiality: |
Available |
|
|
|
|
Underground
sewerage system: |
No, surface drainage |
|
|
|
|
Any other
sentimental / social issue which may affect
the value : |
NA |
|
|
|
|
Prevailing Unit Market value |
Rs.3000.00 per sft. |
|
|
|
|
Unit rate adopted in this valuation |
Rs.2500.00 per sft. |
|
|
|
|
Valuation of the site / land |
Rs.33.758 Millions |
|
|
|
|
BUILDING |
|
|
Type of Construction |
RCC Frame |
|
|
|
|
Quality of Construction |
Good |
|
|
|
|
Appearance of the Building |
Good |
|
|
|
|
Number of Floors |
05 |
|
|
|
|
Maintenance of the Building |
OK |
|
|
|
|
Description of the Building |
|
|
Foundation |
RCC Footings |
|
|
|
|
Superstructure |
RCC Frame |
|
|
|
|
Roof |
RCC |
|
|
|
|
Doors |
Wooden/ MS (upper floors incomplete) |
|
|
|
|
Windows - |
Wooden/ MS (upper floors incomplete) |
|
|
|
|
Sanitary
fittings |
Superior (upper floors incomplete) |
|
|
|
|
Flooring |
Marble/ Tiles (upper floors incomplete) |
|
|
|
|
Electricity
Supply |
Yes |
|
|
|
|
Total Plinth Area: |
49672 Sft. (all floors) |
|
|
|
|
Year of Construction |
2011 |
|
|
|
|
Total life of the building estimated |
100 years |
|
|
|
|
Replacement rate of construction with the
existing conditions and specifications |
Rs.500.00 per Sft. (Avg.) |
|
|
|
|
Replacement Value |
Rs.24.836 Millions |
|
|
|
|
Present Value of the Building |
Rs.24.836 Millions |
|
|
|
|
TOTAL VALUATION |
|
|
Valuation of the Land |
Rs.33.758 Millions |
|
|
|
|
Valuation of the Building |
Rs.24.836 Millions |
|
|
|
|
Total |
Rs.58.594 Millions |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Naveen Garg,
300 A Jhokanbagh Jhansi, Uttar Pradesh, India
Mobile No.:
91-9415031237
· G. N. Garg
Garg Glass House, Jhokanbagh and Jhansi, Uttar Pradesh, India
Tel No.: 91-510-2472234
· Sanjay Arora
455/1B – C P Mission Compound, Jhansi, Uttar
Pradesh, India
Mobile No.: 91-9415401809
· Vijay Barsaiyan
Mahesh Medical Agency, New Road, Jhansi, Uttar Pradesh, India
Tel No.: 91-510-2440430
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Office furniture and Fixture
· Double Skin Dual Stage Evaporative Cooling Systems
· Lift 1 Numbers
· Fire Fighting System
· Generator 2 Number
· Transformer and Power Sub-Station
· Kitchen Equipment
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.44.32 |
|
|
1 |
Rs.70.74 |
|
Euro |
1 |
Rs.63.64 |
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.