MIRA
INFORM REPORT
|
Report Date : |
11.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
AIRBUS-A-FABRIC |
|
|
|
|
Registered
Office : |
No.9C/4D, Ramakrishnapuram, Karur – 639001, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 (Provisional) |
|
|
|
|
Date of
Incorporation : |
01.09.2003 |
|
|
|
|
Com. Reg. No.: |
0332/ 2003 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.129 Millions |
|
|
|
|
TIN No.: |
33203763921 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJFA0822F |
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|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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|
|
|
Line of Business
: |
Manufacturing and Sales of Textile Handloom Cloths. |
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|
|
|
No. of Employees
: |
6 (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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established concern having satisfactory track. Trade
relations are reported as fair. Business is active. The valuation report and
networth statement 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) |
|
|
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. V. Ganesan |
|
Designation : |
Managing Partner |
|
Contact No.: |
91-9842455279 |
|
Date : |
07.06.2011 |
LOCATIONS
|
Registered Office : |
No.9C/4D, Ramakrishnapuram, Karur – 639001, Tamilnadu, India |
|
Tel. No.: |
91-4324-230531/ 394774 |
|
Mobile No.: |
91-9842455279 (Mr. V. Ganesan) |
|
Area : |
3000 sq. ft. |
|
Location : |
Rented |
PARTNERS
|
Name : |
Mr. V. Ganesan |
|
Designation : |
Partner |
|
Address : |
No.6/55B, Pudhupalayam, Manmangalam Post, Karur (TK and Dt), Karur –
639002, Tamilnadu, India |
|
Date of Birth/Age : |
48 years |
|
Qualification : |
MA |
|
Experience : |
15 years |
|
|
|
|
Name : |
Mr. P. Velusamy |
|
Designation : |
Partner |
|
Address : |
No.93 –H, Kaliyappanur West, Thanthonimalai (Po), Karur (Tk and Dt),
Karur – 639005, Tamilnadu, India |
|
Date of Birth/Age : |
42 years |
|
Qualification : |
SSLC |
|
Experience : |
15 years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
Percentage of
Holding |
|
|
|
|
|
V. Ganesan |
|
50% |
|
Mr. P. Velusamy |
|
50% |
|
|
|
|
|
Total |
|
100.00% |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Sales of Textile Handloom Cloths. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (60 days) |
|
|
|
|
Purchasing : |
Credit (60 days) |
PRODUCTION STATUS
|
Particulars |
Capacity
in case of Manufacturer |
|
|
|
|
Madeups Such as Napkins, Towels, Table- Cloths and Place Mats using
Handloom and Power Loom Cotton fabrics only. |
1.30 Lakhs KG
per annum |
|
|
|
GENERAL INFORMATION
|
Customers : |
Wholesalers |
|
|
|
|
No. of Employees : |
6 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank Vaiyapuri Nagar, Karur – 639002, Tamilnadu, India |
|
|
|
|
Facilities : |
Credit Limit – Rs.2.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. Manivasagan Chartered Accountant |
|
Address : |
No.189, Jawahar Bazaar Upstair, Near Kumabakonam Bank, Karur - 639001,
Tamilnadu, India |
|
Tel. No.: |
91-4324-262677/ 262678 |
|
Email : |
CAPITAL STRUCTURE
CAPITAL ACCOUNTS
AS ON 31.03.2011 (PROVISIONAL)
|
Particulars |
(Rs. In Millions) |
|
|
|
|
Partner’s
Capital |
0.600 |
|
Add: Net Profit |
0.429 |
|
|
1.029 |
|
Partners Current
Account |
0.100 |
|
|
|
|
Total |
Rs.1.129 Millions |
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 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Partners Capital Account |
1.029 |
0.208 |
0.169 |
0.250 |
|
|
2] Partners current Account |
0.100 |
0.350 |
0.100 |
0.000 |
|
|
3] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
4] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.129 |
0.558 |
0.269 |
0.250 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
2.000 |
0.000 |
0.050 |
0.150 |
|
|
2] Unsecured Loans |
1.333 |
1.225 |
1.184 |
1.988 |
|
|
TOTAL BORROWING |
3.333 |
1.225 |
1.234 |
2.138 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
4.462 |
1.783 |
1.503 |
2.388 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.134 |
0.156 |
0.182 |
0.187 |
|
|
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 |
3.145
|
0.481 |
0.234 |
0.357 |
|
|
Sundry Debtors |
1.967
|
1.439 |
1.996 |
2.056 |
|
|
Cash & Bank Balances |
0.100
|
0.557 |
0.177 |
0.466 |
|
|
Other Current Assets |
0.002
|
0.002 |
0.002 |
0.002 |
|
|
Loans & Advances |
0.000
|
0.004 |
0.000 |
0.000 |
|
Total
Current Assets |
5.214
|
2.483 |
2.409 |
2.881 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
0.886
|
0.856 |
1.088 |
0.680 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
0.886
|
0.856 |
1.088 |
0.680 |
|
|
Net Current Assets |
4.328
|
1.627 |
1.321 |
2.201 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
4.462 |
1.783 |
1.503 |
2.388 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
8.213 |
9.435 |
14.369 |
11.254 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
8.213 |
9.435 |
14.369 |
11.254 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Cost of Goods Sold |
2.971 |
5.100 |
8.550 |
5.928 |
|
|
|
Dyeing and Bleaching |
1.509 |
1.765 |
2.287 |
2.065 |
|
|
|
Weaving Wages |
2.237 |
1.344 |
2.486 |
2.075 |
|
|
|
Wages |
0.022 |
0.014 |
0.021 |
0.043 |
|
|
|
Sample Expenses |
0.159 |
0.111 |
0.123 |
0.162 |
|
|
|
Salary and Bonus |
0.287 |
0.217 |
0.257 |
0.188 |
|
|
|
Printing and Stationery |
0.008 |
0.015 |
0.006 |
0.006 |
|
|
|
Travelling Expenses |
0.010 |
0.003 |
0.001 |
0.002 |
|
|
|
Telephone Charges |
0.012 |
0.017 |
0.008 |
0.007 |
|
|
|
Insurance |
0.009 |
0.007 |
0.006 |
0.007 |
|
|
|
General Expenses |
0.054 |
0.055 |
0.046 |
0.050 |
|
|
|
Partners Capital Interests |
0.000 |
0.020 |
0.017 |
0.025 |
|
|
|
Partners Salary and Bonus |
0.000 |
0.146 |
0.050 |
0.046 |
|
|
|
Other Expenses |
0.671 |
0.435 |
0.145 |
0.305 |
|
|
|
TOTAL (B) |
7.949 |
9.249 |
14.003 |
10.909 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
0.264 |
0.186 |
0.300 |
0.345 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.199 |
0.137 |
0.250 |
0.296 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.065 |
0.049 |
0.050 |
0.049 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.022 |
0.026 |
0.028 |
0.032 |
|
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F) (G) |
0.043 |
0.023 |
0.022 |
0.017 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.52
|
0.24 |
0.15 |
0.15 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.52
|
0.24 |
0.15 |
0.15 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.80
|
0.87 |
0.85 |
0.55 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.04 |
0.08 |
0.07 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.74
|
3.73 |
8.63 |
11.27 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.88
|
2.90 |
2.21 |
4.24 |
LOCAL AGENCY FURTHER INFORMATION
PROJECTED
BALANCE SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2012 (Projected |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital Account |
|
|
1.571 |
|
|
2] Partners current Account |
|
|
0.100 |
|
|
3] Share Application Money |
|
|
0.000 |
|
|
4] Reserves & Surplus |
|
|
0.000 |
|
|
5] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.671 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.000 |
|
|
2] Unsecured Loans |
|
|
1.493 |
|
|
TOTAL BORROWING |
|
|
3.493 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.164 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.115 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3.597 |
|
|
Sundry Debtors |
|
|
2.215 |
|
|
Cash & Bank Balances |
|
|
0.106 |
|
|
Other Current Assets |
|
|
0.002 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
5.920 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.871 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.871 |
|
|
Net Current Assets |
|
|
5.049 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.164 |
|
PROJECTED
PROFIT & LOSS ACCOUNT
(RS.
IN MILLIONS)
|
|
PARTICULARS |
|
|
31.03.2012 (Projected |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
10.475 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL (A) |
|
|
10.475 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
5.190 |
|
|
|
Dyeing and Bleaching |
|
|
1.607 |
|
|
|
Weaving Wages |
|
|
1.845 |
|
|
|
Wages |
|
|
0.025 |
|
|
|
Sample Expenses |
|
|
0.188 |
|
|
|
Salary and Bonus |
|
|
0.308 |
|
|
|
Printing and Stationery |
|
|
0.009 |
|
|
|
Travelling Expenses |
|
|
0.013 |
|
|
|
Telephone Charges |
|
|
0.015 |
|
|
|
Insurance |
|
|
0.011 |
|
|
|
General Expenses |
|
|
0.057 |
|
|
|
Other Expenses |
|
|
0.315 |
|
|
|
TOTAL (B) |
|
|
9.583 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
0.892 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.331 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
0.561 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.019 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT (E-F) (G) |
|
|
0.542 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. V. GANESAN
NAME
OF THE CO-APPLICANT: MR. P. VELUSAMY
NAME
OF THE GUARANTOR: MR. V. SARASWATHI
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTIES
|
Particulars |
Applicant |
Co-Applicant |
Guarantor |
|
|
|
|
|
|
Address of the
Property with Survey No./ Door No. etc. |
6/69,
Pudhupalayam, Manmangalam Post, Karur – 639006, Tamilnadu, India |
No.93 H,
Kaliyappanur, Thanthonimalai, Karur – 639005, Tamilnadu, India |
No.93 H, Kaliyappanur, Thanthonimalai, Karur – 639005, Tamilnadu, India |
|
|
|
|
|
|
Description: Land/ Site/ Building |
Land |
Land |
Land |
|
|
|
|
|
|
Whether Freehold / Leasehold |
Freehold |
Freehold |
Freehold |
|
|
|
|
|
|
Type of Property (Commercial/ Residential/ Agricultural) |
Residential |
Residential |
Residential |
|
|
|
|
|
|
Area/ Extent of Land |
2160 sq. ft. |
1800 sq. ft. |
1800 sq. ft. |
|
|
|
|
|
|
Mortgaged for Availing Loan is any,
details thereof |
NIL |
NIL |
NIL |
|
|
|
|
|
|
Present
Market Assessed Value |
Rs.2.160 Millions |
Rs.1.500 Millions |
Rs.2.092 Millions |
INVESTMENT IN
BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in
which investment is made |
Ponmulam Financial Karur Finance |
Ponmulam Finance Veethavalli Finance |
Ponmulam Finance |
|
|
|
|
|
|
Date of Investment |
1990, 2005 |
1990, 2010 |
1990 |
|
|
|
|
|
|
Present
Value of Investment |
Rs.0.500 Million |
Rs.0.200 Million |
Rs.0.200 Million |
LIFE
INSURANCE POLICIES
|
Policy Numbers |
752080022/ 885993457/ 752522817/ 754690512 |
752086413 |
755771048 |
|
|
|
|
|
|
Date of Policy |
1998, 2001, 2005, 2005 |
28.03.2000 |
28.03.2009 |
|
|
|
|
|
|
Type of Policy |
Life Policy |
Life Policy |
Life Policy |
|
|
|
|
|
|
Annual Premium |
0.021 |
0.005 |
0.009 |
|
|
|
|
|
|
Sum Assured |
-- |
0.280 |
0.540 |
|
|
|
|
|
|
Present
Value of Investment |
Rs.0.940 Million |
Rs.0.280 Million |
Rs.0.540 Million |
VEHICLES
OWNED
|
Model/ Make |
Mahindra Maruti, Hero Honda |
M 80 , Hero Honda |
-- |
|
|
|
|
|
|
Date of Purchases |
2001, 2005 |
2005, 2006 |
-- |
|
|
|
|
|
|
Present
Market Value |
Rs.0.235 Million |
Rs.0.050 Million |
-- |
OTHER
ASSETS
|
Cash in Hand |
0.200 |
0.400 |
-- |
|
|
|
|
|
|
Jewellery |
0.400 |
-- |
0.350 |
|
|
|
|
|
|
Total
Value of Other Assets |
Rs.0.600 Million |
Rs.0.400 Million |
Rs.0.350 Million |
|
TOTAL
ASSETS |
RS.4.435 MILLIONS |
RS.2.430 MILLIONS |
RS.3.182 MILLIONS |
|
NET
WORTH |
RS.4.435 MILLIONS |
RS.2.430 MILLIONS |
RS.3.182 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF PLANT AND MACHINERY
|
Investment in Plan and Machinery / Equipments |
Date of Investment |
||
|
Nam e of the Machinery |
Nos. |
Value |
|
|
|
|
|
|
|
Stitching
Machine |
4 |
0.020 |
01.10.2003 |
|
Checking Table |
6 |
0.018 |
01.10.2003 |
|
Cleaning Gun |
5 |
0.015 |
01.10.2003 |
|
Weighing Machine
|
1 |
0.010 |
01.10.2003 |
|
|
|
|
|
|
Total |
0.063 |
|
|
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
(OTHER
THAN AGRICULTURAL, PLANTATIONS, FORESTS, MINES AND QUARIES)
|
Purpose for which valuation is made |
To assess the present market value and
forced sale value. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Date as on which valuation is made |
14.07.2010 |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name and address of the owner (as per document) |
1. Mr. V. Ganesan, S/o. Mr. Vaiyapuri, Puthuppalayam, Manmangalam (Post), Karur. 2. Mr. P, Velusamy, S/o. Mr. Pitchaimuthu, Kaliyappanoor,
Thanthoni Village, Thanthonj (Post), Karur Taluk and District |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Location of the property S. F. No. Plot No. At. Village. Municipality Taluk and District. |
397/3 13 Thirunagar II Cross, L.N.S Village, Inam Karur. Karur. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Measurements and Area of site: North South East West Area of the site |
27’0” 27’0” 80’0” 80’0” 2160.00 Sq. ft. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Boundary Details (Plot No. 13) North South East West |
Plot No.16. Prakash Tex Vagayara. 30’0” E-W Road, N. Palaniyappan’s Land Plot No.12. P. Nallusamy’s land. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Is the Property situated in residential/ commercial/
mixed |
Mixed |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Classification of location High/ Middle
/Poor Class. |
Middle Class |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Proximity to civic amenities like schools,
hospitals, markets and offices |
Available |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Means of proximity |
By means of 30’0” E - W Road. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Is the property owners occupied or
tenanted |
Vacant site. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
It is Free hold or lease hold |
Free hold. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Land rate adopted in this valuation |
Rs.1000 / Sq. ft |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
DETAILS
ABOUT THE SITE: The above said site is located near the N.H.7 Road, and Kamaraja Puram Thirunagar II cross. It is surrounded by Commercial and Residential buildings. All basic amenities are available are near the site. So it has good potential value. |
|||||||||||||||||||||||||||||||||
|
S.R.O. rate per Sq. ft. |
Rs.254/- |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Market rate per Sq. ft |
Rs.1000/- to 1100/- |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Fair market rate per Sq. ft |
Rs.1000/- |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Forced sale value of the land / Sq. ft |
Rs.70% of F.M.R (70/100) x 1000/- Rs.700/- |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
LAND VALUE
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Value of the Vacant site based on Fair
market value |
Rs.2.160 Millions |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Value of the Vacant site based on Guide
line value |
Rs.0.549 Million |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Value of the Vacant site based on Forced sale
value |
Rs.1.512 Millions |
||||||||||||||||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE PROPERTY
|
Purpose for which this valuation is made |
To access the present market value and the forced sale value. |
|
|
|
|
Date on which valuation is made |
16.07.2010. |
|
|
|
|
Name and address of the owner |
Mrs. V. Saraswathi. W/o. Mr. P. Velusamy, Kaliappanur, Thanthoni Village, Karur Taluk and District. |
|
|
|
|
Brief description of the property |
This is a R.C.C and A.C sheet roof M. Tiled residential building. It consists of G. Floor, only in a plot of 1800.00 Sq. ft. |
|
|
|
|
Location of the property S. F. No. Door No. Plot No. At. Village and Municipality. Taluk and District. |
677 96/1 38. Ammaiappa Nagar, Kaliappanur, Thanthoni. Karur. |
|
|
|
|
Postal address of the property |
S.F.No.677. Door No.96/1, 38, Ammaiappa Nagar, at Kaliappanur, Thanthoni Village, and Municipality. Karur Taluk and District. |
|
|
|
|
Classification of locality |
Middle Class. |
|
|
|
|
Situation of property |
Residential |
|
|
|
|
Class of construction |
2nd Class. |
|
|
|
|
Proximity to civic amenities |
Near by. |
|
|
|
|
Marketability |
Satisfactory. |
|
|
|
|
Size of land |
-- |
|
|
|
|
Plot No.38. |
|
|
North South East West Total area of the site |
30’0” 30’0” 60’0” 60’0” 1800.00 Sq. ft. |
|
|
|
|
Boundary details. North South East West |
Plot No.28 Pitchaimuthu’s land. 20’0” E-W Road. Plot No.39 K. Ramasamy’s land. Plot No.37. |
QUESTIONNAIRE
|
Character of locality |
Residential. |
|
|
|
|
Classification |
Middle Class. |
|
|
|
|
Development of the surrounding areas |
Developing Area. |
|
|
|
|
Is the locality subjected to frequent Flooding? |
No. |
|
|
|
|
Feasibility to the civic amenities like schools, markets, offices,
hospitals and markets |
Near by |
|
|
|
|
Level of land with topographical conditions |
Leveled. |
|
|
|
|
Shape of land |
Irregular. |
|
|
|
|
Type of use to which it can be put |
Residential. |
|
|
|
|
Any restriction of usage? |
No. |
|
|
|
|
Whether lease hold / free hold |
Free hold. |
|
|
|
|
Is it in town planning approved layout?. |
Building plan approved. |
|
|
|
|
It is a corner plot |
No. |
|
|
|
|
Road facilities |
By means of 20’0” E-W Road. |
|
|
|
|
Water potentiality |
Available. |
|
|
|
|
Underground sewerage |
Available. |
|
|
|
|
Commercial potential value of the property |
Satisfactory. |
|
|
|
|
Any other sentimental! social issue which may affect the value |
No. |
|
|
|
|
Expected (or) Residual future life of the building |
R.C.C. Roof - 65 years. A. C. Sheet Roof - 35 years. M. Tiled Shed - 25 years. |
VALUATION
DETAILS:
PART
– I LAND
|
Details about
the site: The above said site is located near the Karur to Dindigul main road, and
Collector office. It is surrounded by Residential building. All basic
amenities are available near by the site. So it has good potential value. |
||||||||||||||||||||||||||||||||||||||||||||||
|
S. R. Orate/ Sq. ft. |
Rs.155/- |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Market rate / Sq. ft. |
Rs.800/- to 1000/- |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Fair market rate / Sq. ft. |
Rs.800/- |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Forced sale value of the site / Sq. ft. |
Rs.70% of F.M.V (70/100) x 800/- Rs.560/- |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Land Value
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
PART -II BUILDING |
||||||||||||||||||||||||||||||||||||||||||||||
|
Details about the
building: This is a R.C.C. roof residential M. Tiled power loom shed buildings.
Ordinary R.R. foundation is provided. C. wood and marble and Mosaic tiles are
provided. A staircase is provided to the upstairs. Necessary P.S, W.S and
sanitary arrangements are provided. For the M. tiled power loom shed, country
wood beams and rafters are provided. Necessary P.S, W.S and sanitary
arrangements are provided. |
||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||
|
BUILDING VALUE: |
||||||||||||||||||||||||||||||||||||||||||||||
|
Area of G. Floor R.C.C roof building present estimate cost of construction per sq. ft present total estimate cost |
481.00 Sq. ft Rs.850/- Rs.409 Million |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Area of M. Tiled shed present estimate cost of construction per sq. ft present total estimate cost |
1134.00 Sq. ft Rs.200/- Rs.0.227 Million |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Area of A.C. sheet roof building present estimate cost of per sq. ft present total estimate cost |
126.00 Sq.ft Rs.150/- Rs.0.019 Million |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
DEPRECIATION
VALUE: Since the above said R.C.C and A.C sheet roof building were constructed
son 15 years before. Assume salvage value is 10%. The M. tiled roof building
is constructed some 15 years before. Assume salvage value is 15%. Depreciation %age : (Age of the building / Total life) x (100-Salvage
value) Total life of the building R.C.C roof – 80 years. A. C. Sheet Roof – 50 years. M. Tiled – 40 years.
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
AMENITIES VALUE (AFTER DEPRECIATION) |
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Power supply arrangements - 1no. |
Rs.0.010 Million |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Pipe- 1no. |
Rs.0.010 Million |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Sump of 12,000 lit capacity Rs.5.0/lit |
Rs.0.060 Million |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
O.H.T of 4,000 lit capacity @ Rs.6.0/lit |
Rs.0.024 Million |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Staircase |
Rs.0.030 Million |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total |
Rs.0.134
Million (II) |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Fair market value of the buildings (building + amenities) |
(I+ II) (Rs.0.518 Million + Rs.0.134 Million ) Rs.0.652 Millions |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Forced Sale Value of the building |
70% of the F.M.V. (70/100) x Rs.0.652 Million Rs.0.456 Millions |
|||||||||||||||||||||||||||||||||||||||||||||
ABSTRACT
|
Value Based on |
Land Value (Rs. In Millions)
|
Building Value (Rs. In Millions) |
Total Value
(Rs. In millions) |
|
|
|
|
|
|
Fair Market
Value |
1.440 |
0.652 |
2.092 |
|
|
|
|
|
|
Guide line Value
|
0.279 |
0.652 |
0.931 |
|
|
|
|
|
|
Forced Sale
Value |
1.008 |
0.456 |
1.464 |
|
|
|
|
|
|
Value of the Vacant site based on Fair
market value |
Rs.2.092 Millions |
|
|
|
|
Value of the Vacant site based on Guide
line value |
Rs.0.931 Million |
|
|
|
|
Value of the Vacant site based on Forced sale
value |
Rs.1.464 Millions |
------------------------------------------------------------------------------------------------------------------------------
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.44.72 |
|
|
1 |
Rs.73.47 |
|
Euro |
1 |
Rs.65.38 |
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.