MIRA
INFORM REPORT
|
Report Date : |
11.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
V CARE |
|
|
|
|
Registered
Office : |
P-2/A-1, Private Colony, Sri Niwas Puri, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Year of
Establishment : |
June, 2009 |
|
|
|
|
Com. Reg. No.: |
DL No: 14 (3551) 20 B, 21 B |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.696 millions |
|
|
|
|
IEC No.: |
0510040781 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACLPT8242N |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Distributor of Pharmaceuticals, Surgical Equipment, Surgical Dressings
etc. |
|
|
|
|
No. of Employees
: |
10 (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 : |
Small Concern |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is just a 2 years old and relatively small concern in its
field. 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. Amit Tuteja |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9811262728 |
|
Date : |
07.06.2011 |
LOCATIONS
|
Registered Office : |
P-2/A-1, Private Colony, Sri Niwas Puri, |
|
Tel. No.: |
91-9212342071 |
|
Mobile No.: |
91-9811262728 (Mr. Amit Tuteja) |
|
Fax No.: |
91-11-26926818 |
|
E-Mail : |
|
|
|
|
|
Admin Office/ Warehouse : |
C/o Saathi Medicos, Sri Niwas Puri, |
|
Tel. No.: |
91-9212342089 |
|
Fax No.: |
91-11-26926818 |
|
E-Mail : |
SOLE PROPRIETOR
|
Name : |
Mr. Amit Tuteja |
|
Designation : |
Proprietor |
|
Address : |
N-42, Sri Niwas Puri, |
|
Date of Birth/Age : |
05.12.1976 |
|
Qualification : |
v
Bachelor of Pharmacy (1st Division) v
Diploma in Pharmaceutical Marketing Management v
PG Diploma in Regulatory Affairs |
|
Experience : |
v
Around 8 years in Sales and Marketing with
Multinational Companies in hospital products. v
Handled specialties like Orthopedics, Plastic
Surgery, Spine Surgery, Neuro Surgery, Cardiac Surgery and Critical care. v
Extensively covered v
Handled Corporate and Government tender business
with hospitals like AIIMS, S JUNG, RML, DHS, and R and R. |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Pharmaceuticals, Surgical Equipment, Surgical Dressings
etc. |
|
|
|
|
Agencies Held : |
v
KCI Lab v
Dr. Reddy’s Lab ONCO Division v
Saarthi Health Care v
UROX Urinary Device Systems |
|
|
|
|
Imports : |
|
|
Products : |
UROX Urinary Systems |
|
Countries : |
|
GENERAL INFORMATION
|
Suppliers : |
v
Inverness Medical India Private
Limited v
Shri Ram Opticians v
Labindia Healthcare Private Limited v
Health Link Private Limited v
Savior Wellness Private Limited |
|||||||||
|
|
|
|||||||||
|
Customers : |
End Users, Patients, Corporate Hospitals, Government Institutes |
|||||||||
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|
|
|||||||||
|
No. of Employees : |
10 (Approximately) |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Oriental Bank of Commerce, Safdarjung Enclave, |
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|||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
GSK and Associates Chartered Accountants |
|
Address : |
|
CAPITAL STRUCTURE
CAPITAL ACCOUNT
(AS ON 31.03.2011)
|
Particulars |
|
Amount (Rs. in
millions) |
|
Mr. Amit Tuteja |
|
|
|
Balance as per Account |
0.374 |
|
|
Add : Additions |
3.111 |
|
|
Add : Net Profit |
0.285 |
|
|
|
3.770 |
|
|
Less : Drawings |
1.074 |
2.696 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
2.696 |
0.374 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
2.696 |
0.374 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.406 |
0.000 |
|
|
TOTAL BORROWING |
|
0.406 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
3.102 |
0.374 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.184 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.315 |
0.000 |
|
|
Sundry Debtors |
|
1.965 |
0.050 |
|
|
Cash & Bank Balances |
|
0.188 |
0.034 |
|
|
Other Current Assets |
|
0.608 |
0.584 |
|
|
Loans & Advances |
|
0.250 |
0.000 |
|
Total
Current Assets |
|
3.326 |
0.668 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.193 |
0.293 |
|
|
Other Current Liabilities & Provisions |
|
0.215 |
0.001 |
|
Total
Current Liabilities |
|
0.408 |
0.294 |
|
|
Net Current Assets |
|
2.918 |
0.374 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
3.102 |
0.374 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
4.108 |
0.405 |
|
|
|
Service charges Received |
|
0.199 |
0.000 |
|
|
|
Commission Received |
|
0.000 |
0.005 |
|
|
|
Professional Fees Received |
|
0.240 |
0.830 |
|
|
|
Closing stock |
|
0.315 |
0.000 |
|
|
|
TOTAL |
|
4.862 |
1.240 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
3.734 |
0.341 |
|
|
|
Accounting Charges |
|
0.012 |
0.000 |
|
|
|
Salary & Bonus |
|
0.182 |
0.048 |
|
|
|
Office Maintenance |
|
0.001 |
0.000 |
|
|
|
Office Rent |
|
0.096 |
0.000 |
|
|
|
Professional Charges |
|
0.008 |
0.008 |
|
|
|
Printing & Stationery |
|
0.003 |
0.001 |
|
|
|
Staff Welfare Expenses |
|
0.004 |
0.003 |
|
|
|
Postages & Courier |
|
0.011 |
0.000 |
|
|
|
Telephone Expenses |
|
0.010 |
0.006 |
|
|
|
Repair & Maintenance |
|
0.003 |
0.000 |
|
|
|
Tour and Traveling |
|
0.086 |
0.000 |
|
|
|
Conveyance Expenses |
|
0.010 |
0.010 |
|
|
|
Business Promotion Expenses |
|
0.040 |
0.082 |
|
|
|
Commission Paid |
|
0.333 |
0.256 |
|
|
|
Donation |
|
0.010 |
0.000 |
|
|
|
Bank Charges |
|
0.002 |
0.000 |
|
|
|
TOTAL |
|
4.545 |
0.755 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
0.317 |
0.485 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.032 |
0.000 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
0.285 |
0.485 |
|
Note : Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
5.86 |
39.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
6.94 |
119.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
8.12 |
72.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.11 |
1.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.30 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
8.15 |
2.27 |
LOCAL AGENCY FURTHER INFORMATION
PROFILE SUMMARY
v
Resigned from Aventis Pharma Limited (French
Company) as Area Sales Manager
v
Started with Nunkun Pharma (20 years old
Institutional Pharmaceutical Traders firm) as Head Orthopedics Devices Business
(50% Profit sharing basis) since AUGUST 2008.
CURRENT PROFILE
v
In NUNKUN, they are the channel partners for
STRYKER ORTHO DIVISIONS.
v
Initiated successfully tender business for Stryker
at LBS at
v
Enjoying excellent reputation with APOLLO GROUP.
Business Plan and
Vision
v
Started Proprietorship firm subject in AUGUST 2009,
having office at Sri Niwas Puri.
v
In subject, they are
i. Distributors for LAB INDIA HEALTHCAR for the KCI products covering
corporate hospitals of
ii. Distributors for DR REDDYS LAB, oncology division SPARSH
iii. Importers for UROX (SPAIN) — unique urinary device for the
incontinent patients.
TEAM
v
They are the team of young aspiring professionals
striving to establish ourselves as successful entrepreneurs.
v
Hard work, ethics, team spirit are the core
principles of their team.
v
Currently they are the team of around 15 people
skilled in the respective areas.
They are the mainstream sales team with complete focus on the field
work.
Presence and visibility in the market is the one of the important factor
for the success of the product and to achieve this they have dedicated
marketing team as a part of cteam in V CARE
They strongly believe in associating with only few and selected
companies with complete commitment and justification to the project.
With good understanding of the government business and the process in
the government and corporate sector, they feel they can surely add value to
their association.
________________________________________________________________________________________
TRADE REFERENCES:
v
Dr Raju Vaishya, Sr. Orthopaedic Surgeon APOLLO.
v
DR ANUPAM SIBAL (GROUP MEDICAL DIRECTOR - APOLLO
HOSPITALS GROUP).
v
DR Vinod Puri: Member Purchase Committee G B PANT
HOSPITAL.
v
DR RAJESH MALHOTRA (AIIMS) Sr. Orthopedic Surgeon
APOLLO.
v
MR MURUGANANTHAN Head purchase APOLLO.
v
Mr. B Kaul Director Purchase Medicity Hospital, The
Medanta.
v
MRS SUSSAMA JOSE.
v
Dr D K SHARMA, MS and Head Purchase Committee
AIIMS.
__________________________________________________________________________________________
CASH
CREDIT
FINANCIAL
RATIO
(Rs.
in Lacs)
|
PARTICULARS |
ESTIMATE |
PROJECTED YEARS |
||
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
1. General
Parameter |
|
|
|
|
|
(i) Growth In Net |
914.32 |
812.85 |
33.33 |
33.00 |
|
(ii) Growth In Net Profit |
(41.12) |
418.95 |
34.96 |
33.17 |
|
(iii) Growth In Net Worth |
622.79 |
25.19 |
29.51 |
37.93 |
|
(iv) Export Sales/Total Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
(v) Domestic Sales/Total Sales |
100 |
100 |
100 |
100 |
|
|
|
|
|
|
|
2. Liquidity
Ratio |
|
|
|
|
|
(i) Current Ratio |
8.15 |
1.27 |
1.29 |
1.36 |
|
(ii) Quick Ratio |
7.38 |
0.76 |
0.74 |
0.78 |
|
|
|
|
|
|
|
3. Turnover
Ratio |
|
|
|
|
|
(i) Stock Turnover Ratio: |
|
|
|
|
|
(a) Raw Material |
N.A. |
N.A. |
N.A. |
N.A. |
|
(b) Work in Process |
N.A. |
N.A. |
N.A. |
N.A. |
|
(c) Finished Goods/ Traded Goods |
26.08 |
13.02 |
7.87 |
7.86 |
|
(ii) Debtor Turnover Ratio |
4.08 |
9.13 |
6.86 |
6.85 |
|
(iii) Average Collection Period |
88.24 |
39.43 |
52.48 |
52.55 |
|
(iv) Creditors Turnover Ratio |
15.37 |
42.74 |
16.94 |
10.66 |
|
(v) Average Payment Period |
23.42 |
8.42 |
21.25 |
33.77 |
|
(vi) Fixed Assets Turnover Ratio |
22.33 |
12.00 |
18.84 |
29.49 |
|
(vii) Total Assets Turnover Ratio |
1.17 |
2.27 |
2.51 |
2.67 |
|
|
|
|
|
|
|
4. Solvency
Ratio |
|
|
|
|
|
(i) Debt-Equity Ratio |
0.15 |
0.78 |
0.48 |
0.36 |
|
(ii) Total Outside Liability/Total Net Worth |
0.30 |
3.90 |
3.55 |
3.14 |
|
(iii) Term Loan/Cash Profit |
0.10 |
0.07 |
0.04 |
0.03 |
|
(iv) Term Loan Interest/Term Borrowing |
0.00 |
0.13 |
0.10 |
0.03 |
|
(v) WC Interest/WC Borrowing |
0.00 |
3.16 |
2.52 |
2.06 |
|
|
|
|
|
|
|
5. Coverage
Ratio |
|
|
|
|
|
(i) Interest Coverage Ratio |
0.00 |
2.44 |
2.80 |
3.67 |
|
|
|
|
|
|
|
6. Profitability
Ratio |
|
|
|
|
|
(i) Gross Profit Ratio |
16.77 |
11.95 |
12.00 |
12.00 |
|
(ii) Operating Profit Ratio |
6.94 |
4.93 |
4.99 |
5.00 |
|
(iii) Net Profit Ratio |
6.94 |
3.94 |
3.99 |
4.00 |
|
(iv) Return On Capital Employed |
5.08 |
23.65 |
24.34 |
22.14 |
|
(v) Return On Net Worth |
10.57 |
43.82 |
45.66 |
44.09 |
|
(vi) Retention Ratio |
100 |
100 |
100 |
100 |
|
(vii) Payout Ratio |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
7. Funding of
Current Assets |
|
|
|
|
|
(i) Bank Borrowing |
0.00 |
55.88 |
43.53 |
33.05 |
|
(ii) Trade Creditors |
5.80 |
11.74 |
21.95 |
33.23 |
|
(iii) Net Working Capital |
87.73 |
21.46 |
22.22 |
26.33 |
|
(iv) Other Current Liability |
6.46 |
10.92 |
12.29 |
7.39 |
|
(v) Total Current Assets |
100 |
100 |
100 |
100 |
__________________________________________________________________________________________
CASH
CREDIT
CASH FLOW
(Rs.
in millions)
|
PARTICULARS |
PROJECTED YEARS |
|||
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
1. Cash flows from operating activities |
|
|
|
|
|
Add: Net profit before taxation |
0.285 |
1.849 |
2.495 |
3.323 |
|
Add: Depreciation |
0.031 |
0.558 |
0.472 |
0.399 |
|
Add: Increase in current liabilities |
0.114 |
10.133 |
2.859 |
3.319 |
|
Less: Decrease in current liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less: Increase in current Assets |
2.505 |
9.857 |
4.198 |
5.346 |
|
Add: Decrease in current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Cash generated from Operations |
(2.075) |
2.683 |
1.628 |
1.695 |
|
Less: Income tax payable |
0.000 |
0.370 |
0.499 |
0.665 |
|
Net cash from operations |
(2.075) |
2.313 |
1.129 |
1.030 |
|
|
|
|
|
|
|
2. Cash flows from investing activities |
|
|
|
|
|
Add: |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less: Purchase of fixed Assets |
0.215 |
3.500 |
0.000 |
0.000 |
|
Add: Change in non current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Add: Change in intangible Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Cash from investing activities |
(0.215) |
(3.500) |
0.000 |
0.000 |
|
|
|
|
|
|
|
3. Cash flows from financing activities |
|
|
|
|
|
Add: Issue of capital |
2.038 |
(0.800) |
(1.000) |
(1.000) |
|
Add: (+)/(-) in term liabilities |
0.406 |
2.225 |
(0.519) |
0.088 |
|
Less: Dividend paid |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Cash from financing activities |
2.444 |
1.425 |
(1.519) |
(0.912) |
|
|
|
|
|
|
|
4. Cash flows from other activities |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
5. Opening cash and cash equivalents |
0.033 |
0.187 |
0.425 |
0.035 |
|
|
|
|
|
|
|
Closing cash and cash equivalents (1 to 5) |
0.187 |
0.425 |
0.035 |
0.153 |
__________________________________________________________________________________________
OPERATING
STATEMENT
CASH
CREDIT
FORM II
(Rs.
in millions)
|
PARTICULARS |
ESTIMATE |
PROJECTED YEARS |
||
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
1. Gross Income |
|
|
|
|
|
(i) Sales (net of returns) |
|
|
|
|
|
(a) Domestic Sales |
4.108 |
37.500 |
50.000 |
66.500 |
|
(b) Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c) Sub-total
(a+b) |
4.108 |
37.500 |
50.000 |
66.500 |
|
(d) % rise (+) or fall (-) in sales turnover as compared of previous
year |
914.32 |
812.85 |
33.33 |
33.00 |
|
|
|
|
|
|
|
(ii) Other Income |
|
|
|
|
|
(a) Duty Drawback |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Cash assistance |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c) Commission and Brokerage received |
0.439 |
0.300 |
0.400 |
0.500 |
|
(d) Sub-total (a
+ b + c) |
0.439 |
0.300 |
0.400 |
0.500 |
|
|
|
|
|
|
|
(iii) Total (i)
+ (ii) |
4.547 |
37.800 |
50.400 |
67.000 |
|
|
|
|
|
|
|
2. Cost of sales |
|
|
|
|
|
(i) Purchases |
3.734 |
37.823 |
45.282 |
60.340 |
|
(ii) Other trading expenses (carriage inward, commission and brokerage
on purchase) |
0.000 |
0.325 |
0.433 |
0.576 |
|
(iii) Sub-Total
(i) + (ii) |
3.734 |
38.148 |
45.815 |
60.916 |
|
(iv) Add; Opening Stock |
0.000 |
0.315 |
5.446 |
7.261 |
|
(v) Sub-Total (iii) + (iv) |
3.734 |
38.463 |
51.261 |
68.177 |
|
(vi) Less: Closing Stock |
0.315 |
5.446 |
7.261 |
9.657 |
|
(vii) Total cost of sales (v) – (vi) |
3.419 |
33.017 |
44.000 |
58.520 |
|
|
|
|
|
|
|
3. Selling General and Administrative |
0.812 |
0.963 |
2.065 |
3.614 |
|
|
|
|
|
|
|
4. Operating Profit (before Interest & Depreciation) [1 (iii) –
2(vii) – 3] |
0.316 |
3.820 |
4.335 |
4.866 |
|
|
|
|
|
|
|
5. Interest |
0.000 |
1.413 |
1.368 |
1.144 |
|
|
|
|
|
|
|
6. Depreciation |
0.031 |
0.558 |
0.472 |
0.399 |
|
|
|
|
|
|
|
7. Operating Profit (after
Interest Depreciation) (4-5-6) |
0.285 |
1.849 |
2.495 |
3.323 |
|
|
|
|
|
|
|
8. |
|
|
|
|
|
(i) Add: Other non-operating |
|
|
|
|
|
(a) Indirect Income |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Other than above |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c) Sub-Total
(Expenses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(ii) Less: Other non-operating expenses |
|
|
|
|
|
(a) |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b) Other than above |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c) Sub-Total
(Expenses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(iii) Net of other non-operating Income/ Expenses [net of 8(i) –
8(ii)] |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
9. Profit Before Tax/ Loss [7 + 8(iii)] |
0.285 |
1.849 |
2.495 |
3.323 |
|
|
|
|
|
|
|
10. Provision for Taxes |
0.000 |
0.370 |
0.499 |
0.665 |
|
|
|
|
|
|
|
11. Net Profit/ Loss (9-10) |
0.285 |
1.479 |
1.996 |
2.658 |
|
|
|
|
|
|
|
12. |
|
|
|
|
|
(i) Equity dividend paid |
0.000 |
0.000 |
0.000 |
0.000 |
|
(ii) Dividend Rate |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
13. Retained Profit (11 – 12) |
0.285 |
1.479 |
1.996 |
2.658 |
|
|
|
|
|
|
|
14. Retained Profit/ Net Profit (%) (13/11) ** In Case of Firms,
drawing made during the year by proprietors/ partners |
100 |
100 |
100 |
100 |
|
|
|
|
|
|
|
Additional Data |
|
|
|
|
|
Break-up of Sales Turnover (Inclusive of other income) |
|
|
|
|
|
(a) Domestic Sales |
|
|
|
|
|
1st Quarter |
0.000 |
0.000 |
0.000 |
0.000 |
|
2nd Quarter |
0.000 |
0.000 |
0.000 |
0.000 |
|
3rd Quarter |
0.000 |
0.000 |
0.000 |
0.000 |
|
4th Quarter |
4.108 |
37.500 |
50.000 |
66.500 |
|
Sub-Total |
4.108 |
37.500 |
50.000 |
66.500 |
|
|
|
|
|
|
|
(b) Export Sales |
|
|
|
|
|
1st Quarter |
0.000 |
0.000 |
0.000 |
0.000 |
|
2nd Quarter |
0.000 |
0.000 |
0.000 |
0.000 |
|
3rd Quarter |
0.000 |
0.000 |
0.000 |
0.000 |
|
4th Quarter |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub-Total |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total (a) + (b) |
4.108 |
37.500 |
50.000 |
66.500 |
__________________________________________________________________________________________
ANALYSIS OF
BALANCE SHEET
CASH
CREDIT
FORM III
(Rs.
in millions)
|
PARTICULARS |
ESTIMATE |
PROJECTED YEARS |
||
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
1. Short-term borrowings from banks (including bills purchased,
discounted & excess borrowings placed on repayment basis) |
|
|
|
|
|
(i) From applicant bank |
0.000 |
7.500 |
7.500 |
7.500 |
|
(ii) From other banks |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iii) (of which BP & BD) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub total (A) |
0.000 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
2. Short term borrowings from others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
3. Sundry Creditors (Trade) |
0.193 |
1.576 |
3.782 |
7.542 |
|
|
|
|
|
|
|
4. Advance payments from customers/ deposits from dealers |
0.004 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
5. Provision for Taxation |
0.000 |
0.370 |
0.499 |
0.665 |
|
|
|
|
|
|
|
6. Dividend Payable |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
7. Other statutory liabilities (due within one year) |
0.022 |
0.100 |
0.200 |
0.300 |
|
|
|
|
|
|
|
8. Deposits/ installments of term loans/ DPGs/ Debentures, etc. (due
within one year) |
0.000 |
0.795 |
1.019 |
0.112 |
|
|
|
|
|
|
|
9. Other current liabilities & provisions (due within 1 year)
(Specify major items) |
0.189 |
0.200 |
0.400 |
0.600 |
|
|
|
|
|
|
|
Sub-Total (B) |
0.408 |
3.041 |
5.900 |
9.219 |
|
|
|
|
|
|
|
10. TOTAL
CURRENT LIABILITIES (total of 1 to 9) |
0.408 |
10.541 |
13.400 |
16.719 |
|
|
|
|
|
|
|
TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
11. Debentures (not maturing within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
12. Preference Shares (redeemable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
13. Term Loans (Excluding installments payable within one year) |
0.000 |
1.131 |
0.112 |
0.000 |
|
|
|
|
|
|
|
14. Deferred payment credits (excluding installments due within one
year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
15. Term deposits (repayable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
16. From Directors and relatives |
0.406 |
1.500 |
2.000 |
2.200 |
|
|
|
|
|
|
|
17. Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
17. TOTAL TERM
LIABILITIES (Add 11 to 17) |
0.406 |
2.631 |
2.112 |
2.200 |
|
|
|
|
|
|
|
18. TOTAL
OUTSIDE LIABILITIES (Total of 10 + 18) |
0.814 |
13.172 |
15.512 |
18.919 |
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
20. Ordinary Share Capital |
2.696 |
3.375 |
4.371 |
6.029 |
|
|
|
|
|
|
|
21. General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
22. Revaluation Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
23. Other reserves (excluding provisions) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
24. Surplus (+) or deficit (-) in Profit & Loss A/c |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
25. NET WORTH |
2.696 |
3.375 |
4.371 |
6.029 |
|
|
|
|
|
|
|
26. TOTAL
LIABILITIES (19 + 25) |
3.510 |
16.547 |
19.883 |
24.948 |
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
27. Cash and bank balances |
0.187 |
0.425 |
0.035 |
0.153 |
|
|
|
|
|
|
|
28. Investments (other than long term investments) |
|
|
|
|
|
(i) Government & other Trustee securities |
0.000 |
0.000 |
0.000 |
0.000 |
|
(ii) Fixed Deposits with banks |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
29.(i) Receivables other than deferred & exports (Including Bills
purchased and discounted by banks) |
1.966 |
6.250 |
8.333 |
11.083 |
|
(ii) Export Receivables (Including bills purchased and discounted by
banks) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
30. Investments of deferred receivables (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
31. Inventory: |
|
|
|
|
|
(i) Raw Materials (including stores & other items used in the
process of manufacture) |
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(ii) Stock in Process |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(iii) Finished Goods |
0.315 |
5.446 |
7.261 |
9.657 |
|
|
|
|
|
|
|
(iv) Other consumable stores |
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
32. Advances to suppliers of Raw materials & stores/spares |
0.000 |
1.000 |
1.100 |
1.200 |
|
|
|
|
|
|
|
33. Advance Payment of Taxes |
0.040 |
0.300 |
0.500 |
0.600 |
|
|
|
|
|
|
|
34. Other Current Assets |
0.818 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
35. TOTAL
CURRENT ASSETS (Add 27 to 34) |
3.326 |
13.421 |
17.229 |
22.693 |
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
36. Gross Block
(land and building, machinery, work-in-progress) |
0.215 |
3.684 |
3.126 |
2.654 |
|
|
|
|
|
|
|
37. Depreciation to date |
0.031 |
0.558 |
0.472 |
0.399 |
|
|
|
|
|
|
|
38. NET BLOCK
(36-37) |
0.184 |
3.126 |
2.654 |
2.255 |
|
|
|
|
|
|
|
OTHER
NON-CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
39. Investments/book debts/ advances/ deposits which are not Current
Assets |
|
|
|
|
|
(i) a) Investments in subsidiary companies/ affiliates |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(ii) Advances to suppliers of capital goods & contractors |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(iii) Deferred receivables (maturity exceeding one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(iv) Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
40. Obsolete stock |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
41.Total non-current including dues from directors |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
42. Other non-current assets (Total of 39 to 41) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
43. Intangible assets (patents, goodwill, prelim. expenses,
bad/doubtful expenses not provided for, etc.) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
44. TOTAL ASSETS
(35+38+42+43) |
3.510 |
16.547 |
19.883 |
24.948 |
|
|
|
|
|
|
|
45. TANGIBLE NETWORTH (25-43) |
2.696 |
3.375 |
4.371 |
6.029 |
|
|
|
|
|
|
|
46. NET WORKING CAPITAL [(18+25)-(38+42+43)] To tally with (35-10) |
2.918 |
2.880 |
3.829 |
5.974 |
|
Net Working Capital (35-10) |
2.918 |
2.880 |
3.829 |
5.974 |
|
|
|
|
|
|
|
47. Current Ratio (Item 35 / 10) |
8.15 |
1.27 |
1.29 |
1.36 |
|
|
|
|
|
|
|
48. Total Outside Liabilities / Tangible Net
Worth (without considering quasi capital) (19 / 45) |
0.30 |
3.90 |
3.55 |
3.14 |
|
|
|
|
|
|
|
ADDITIONAL INFORMATION |
|
|
|
|
|
A) Arrears of depreciation |
|
|
|
|
|
B) Contingent liabilities |
|
|
|
|
|
a) Arrears of cumulative dividends |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
b) Gratuity Liability not provided for |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
c) Disputed excise/ customs/ tax/
liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
d) Bills accepted/ guarantees extended to
accommodate associate/ sister concerns or other third parties |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
e) Other Liabilities not provided for |
0.000 |
0.000 |
0.000 |
0.000 |
__________________________________________________________________________________________
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
CASH
CREDIT
FORM IV
(Rs.
in millions)
|
PARTICULARS |
ESTIMATE |
PROJECTED YEARS |
||
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
A. Current
Assets |
|
|
|
|
|
1. Stock-in-Trade: |
0.315 |
5.446 |
7.261 |
9.657 |
|
(Months cost of Sales) |
1.11 |
2.00 |
2.00 |
2.00 |
|
|
|
|
|
|
|
2. Receivables other than export and deferred receivables (including
bills purchased & discounted by bankers |
1.966 |
6.250 |
8.333 |
110.83 |
|
(Months domestic sales) |
5.74 |
2.00 |
2.00 |
2.00 |
|
|
|
|
|
|
|
3. Export receivables (including bills purchased & discounted) |
0.000 |
0.000 |
0.000 |
0.000 |
|
(Months’ export sales) |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
4. Advance to suppliers of raw materials and stores/ spares,
consumables |
0.000 |
1.000 |
1.100 |
1.200 |
|
|
|
|
|
|
|
5. Other current assets including cash and bank balances &
deferred receivables due within one year (specify major items) |
1.045 |
0.725 |
0.535 |
0.753 |
|
|
|
|
|
|
|
6. Total current Assets (To agree with item 35 in Form III) |
3.326 |
13.421 |
17.229 |
22.693 |
|
|
|
|
|
|
|
B. Current
Liabilities (Other than bank borrowing for working capital) |
|
|
|
|
|
7. Sundry Creditors (trade) |
0.193 |
1.576 |
3.782 |
7.542 |
|
(Months purchases) |
0.62 |
0.50 |
1.00 |
1.50 |
|
|
|
|
|
|
|
8. Advances payment from customers/ deposits from dealers |
0.004 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
9. Statutory liabilities |
0.022 |
0.470 |
0.699 |
0.965 |
|
|
|
|
|
|
|
10. Other current liabilities (Specify major items such as Short-term
borrowing, unsecured loans, dividend payable, installments of TL. DPG, Public
deposits, debentures, etc. |
0.189 |
0.995 |
1.419 |
0.712 |
|
|
|
|
|
|
|
11. Total |
0.408 |
3.041 |
5.900 |
9.219 |
__________________________________________________________________________________________
COMPUTATION
OF MAXIMUM PREMISSIBLE BANK FINANCE FOR WORKING CAPITAL
CASH
CREDIT
FORM VI
Method of Lending
(Rs.
in millions)
|
PARTICULARS |
ESTIMATE |
PROJECTED YEARS |
||
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
1. Total Current Assets (6 in Form IV) |
3.326 |
13.421 |
17.229 |
22.693 |
|
|
|
|
|
|
|
2. Current Liabilities (Other than bank borrowing) (14 of Form IV) |
0.408 |
3.041 |
5.900 |
9.219 |
|
|
|
|
|
|
|
3. Working Capital Gap (WCG) (1-2) |
2.918 |
10.380 |
11.329 |
13.474 |
|
|
|
|
|
|
|
4. Minimum stipulated net working Capital i.e. 25% of WCG/25% of total
current asset as the case may be depending upon the method of lending being
applied (Export receivables to be excluded under both methods) |
0.729 |
2.595 |
2.832 |
3.368 |
|
|
|
|
|
|
|
5. Actual/projected net working capital (46 in Form III) |
2.918 |
2.880 |
3.829 |
5.974 |
|
|
|
|
|
|
|
6. Assessed Bank Finance (3-4) |
2.188 |
7.785 |
8.497 |
10.105 |
|
|
|
|
|
|
|
7. Item 3 minus item 5 |
0.000 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
8. Maximum permissible bank finance (Item 6 or 7 whichever is Lower) |
0.000 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
9. Excess borrowings representing shortfall in NWC (4-5) |
(2.188) |
(0.285) |
(0.997) |
(2.605) |
CASH CREDIT
FORM VII
Method of Lending
(Rs.
in millions)
|
PARTICULARS |
ESTIMATE |
PROJECTED YEARS |
||
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
1. Total Current Assets (6 in Form IV) |
3.326 |
13.421 |
17.229 |
22.693 |
|
|
|
|
|
|
|
2. Current Liabilities (Other than bank borrowing) (14 of Form IV) |
0.408 |
3.041 |
5.900 |
9.219 |
|
|
|
|
|
|
|
3. Working Capital Gap (WCG) (1-2) |
2.918 |
10.380 |
11.329 |
13.474 |
|
|
|
|
|
|
|
4. Minimum stipulated net working Capital i.e. 25% of WCG/25% of total
current asset as the case may be depending upon the method of lending being
applied (Export receivables to be excluded under both methods) |
0.832 |
3.355 |
4.307 |
5.673 |
|
|
|
|
|
|
|
5. Actual/projected net working capital (46 in Form III) |
2.918 |
2.880 |
3.829 |
5.974 |
|
|
|
|
|
|
|
6. Assessed Bank Finance (3-4) |
2.086 |
7.025 |
7.022 |
7.801 |
|
|
|
|
|
|
|
7. Item 3 minus item 5 |
0.000 |
7.500 |
7.500 |
7.500 |
|
|
|
|
|
|
|
8. Maximum permissible bank finance (Item 6 or 7 whichever is Lower) |
0.000 |
7.025 |
7.022 |
7.500 |
|
|
|
|
|
|
|
9. Excess borrowings representing shortfall in NWC (4-5) |
(2.086) |
0.475 |
0.478 |
(0.301) |
__________________________________________________________________________________________
FUND FLOW
STATEMENT
CASH
CREDIT
FORM VI
(Rs.
in millions)
|
PARTICULARS |
ESTIMATE |
PROJECTED YEARS |
||
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
1. Sources |
|
|
|
|
|
(a.) Net profit (After tax) |
0.285 |
1.479 |
1.996 |
2.658 |
|
(b.) Depreciation |
0.031 |
0.558 |
0.472 |
0.399 |
|
(c.) Increase in capital |
2.038 |
(0.800) |
(1.000) |
(1.000) |
|
(d.) Increase in Term Liabilities (Including Public deposits) |
0.406 |
2.225 |
0.000 |
0.088 |
|
(e.) Decrease in |
|
|
|
|
|
(i) Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
(ii.) Other non-current assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
(f.) Other |
0.000 |
0.000 |
0.000 |
0.000 |
|
(g.) Total |
2.760 |
3.462 |
1.468 |
2.145 |
|
|
|
|
|
|
|
2. Uses - |
|
|
|
|
|
(a.) Net loss |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b.) Decrease in term Liabilities (Including public deposits) |
0.000 |
0.000 |
0.519 |
0.000 |
|
(c.) Increase in: |
|
|
|
|
|
(i.) Fixed Assets |
0.215 |
3.500 |
0.000 |
0.000 |
|
(ii.) Other non-current assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
(d.) Dividend payments |
0.000 |
0.000 |
0.000 |
0.000 |
|
(e.) Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
(f.) Total |
0.215 |
3.500 |
0.519 |
0.000 |
|
|
|
|
|
|
|
3. Long-term
Surplus (+)/ Deficit (-) (1-2) * (as per
details given below) |
2.545 |
(0.038) |
0.949 |
2.145 |
|
|
|
|
|
|
|
4. Increase/decrease
in current assets * (as per details given below) |
2.659 |
10.095 |
3.808 |
5.464 |
|
|
|
|
|
|
|
5.
Increase/decrease in current liabilities other than Bank borrowings |
0.114 |
2.633 |
2.859 |
3.319 |
|
|
|
|
|
|
|
6. Increase/decrease
in working capital gap |
2.545 |
7.462 |
0.949 |
2.145 |
|
|
|
|
|
|
|
7. Net surplus
(+)/deficit (-) (Difference of 3 & 6) |
0.000 |
7.500 |
0.000 |
0.000 |
|
|
|
|
|
|
|
8.
Increase/decrease in: |
|
|
|
|
|
(i.) Bank borrowing |
0.000 |
(7.500) |
0.000 |
0.000 |
|
(ii.) Net Sales |
3.703 |
33.392 |
12.500 |
16.500 |
|
* Break-up of
(4) |
|
|
|
|
|
(j.) Increase/Decrease in: |
|
|
|
|
|
(a.) Raw Materials |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b.) Stocks-in-Process |
0.000 |
0.000 |
0.000 |
0.000 |
|
(c.) Finished Goods |
0.315 |
5.131 |
1.815 |
2.396 |
|
|
|
|
|
|
|
(ii.) Increase/Decrease in Receivables: |
|
|
|
|
|
(a.) Exports |
0.000 |
0.000 |
0.000 |
0.000 |
|
(b.) Domestic |
1.916 |
4.284 |
2.083 |
2.750 |
|
|
|
|
|
|
|
(iii.) Increase/Decrease in stores Spares |
0.000 |
0.000 |
0.000 |
0.000 |
|
(iv.) Increase/Decrease in other current assets |
(0.390) |
1.498 |
(0.090) |
0.318 |
__________________________________________________________________________________________
VALUATION
OF RESIDENTIAL PROPERTY BUILT ON PLOT NO.N- 42 ADMEASURING 80 SQ.YDS. IN LAND
AREA, SITUATED AT J. J. COLONY, SRINIWAS PURI,
PART A-
BASIC DATA
|
1. Purpose for which valuation is made |
Fair market value for Corporation Bank, Bhikaji Kama Place, 3, Ansal
Chamber-I, 124-130, Bhikaji Kama Place, New Delhi - 110066. |
||||||||||
|
|
|
||||||||||
|
2. Date as on which valuation made |
As on 12.05.2011 |
||||||||||
|
|
|
||||||||||
|
3. Name of the owner/ owners |
Smt. Vishan Tuteja W/o Sh. Hans Raj. |
||||||||||
|
|
|
||||||||||
|
4. If the property is under joint ownership, share of each such owner. |
Not Applicable |
||||||||||
|
|
|
||||||||||
|
5. Location of the property a- street, ward No. b- flat/ plot No. |
Situated at J. J. Colony, Sriniwas Puri, Residential property built on Plot No.N- 42 |
||||||||||
|
|
|
||||||||||
|
6. Brief description of the property |
This residential property in G + I Floor building with small
unfinished ACC sheet roof construction on 2’ floor is built over a plot
admeasuring 80 sq.yds. in land area. This residential property comprises of a
small verandah, a Drawing room, Two Bed rooms, a Kitchen, Two Toilets and a
Store at GF and a Drawing room, a Bed room, a Kitchen, Two Toilets, a Store
and two Balconies at FF. Two stair cases connect GF to FF roof. |
||||||||||
|
|
|
||||||||||
|
7. Is the property situated in Residential/ Commercial/ Mixed area/
Industrial area. |
Residential area |
||||||||||
|
|
|
||||||||||
|
8. Classification of locality High class/ Middle class/ Poor class |
Middle class |
||||||||||
|
|
|
||||||||||
|
9. Proximity of Civil Amenities like Schools, Hospitals, offices Market, Cinemas etc. |
All available within 2 to 3 kms distance |
||||||||||
|
|
|
||||||||||
|
10. Means and Proximity to surface communication by which the locality
is served. |
Buses and taxies are available within one Kmts. Distance. |
||||||||||
|
|
|
||||||||||
|
11. Land area of the property supported by documentary proof. |
As per perpetual lease deed dated:- 02.07.1999, land area of this
residential property = 80 sq. yds. Rectangular plot, flat land and bounded as
under |
||||||||||
|
|
|
||||||||||
|
12. Boundaries of the properties |
|
||||||||||
|
NORTH |
|||||||||||
|
SOUTH |
|||||||||||
|
EAST |
|||||||||||
|
WEST |
|||||||||||
|
|
|
||||||||||
|
13. It is free hold or Leasehold land |
|
||||||||||
|
|
|
||||||||||
|
14. If lease hold the name of Lessor/ Lessees, nature of lease, dates
of commencement and termination of lease and terms of renewal of lease a- Initial Premium b- Ground rent payable per annum c- Unearned increase payable to the lessor in the event of sale or
transfer |
As per standard terms and Conditions of Land and Development Office,
Ministry of Urban Development, Government of India New Delhi, in respect of
leasehold residential land. |
||||||||||
|
|
|
||||||||||
|
15. Prevailing approved circle rate of agricultural land in the area. |
Rs.0.044 million per sq. mtr. of its land area. |
||||||||||
|
|
|
||||||||||
|
16. Prevailing Land rates of residential land in the area. |
Rs.0.250 million to Rs.0.275 million per sg. mtr. of its land area. |
||||||||||
|
|
|
||||||||||
|
17. Is there any restrictive convenient in regard to use of land. If
so, details be given. |
Residential use |
||||||||||
|
|
|
||||||||||
|
18. Does the land fall in an area included in any development plan of
the Government or any statuary body. If so, give particulars |
DDA/ MCD |
||||||||||
|
|
|
||||||||||
|
19. Has the whole or part of the Land been notified for acquisition by
government or any statuary body? Give date of the notification and a
dimensioned site plan |
No such information has come to notice till date. |
||||||||||
|
|
|
||||||||||
|
20. (a)-Is the building owner occupied/ tenant/ both (b)-If the party owner occupied, specify portion and extent of the
area under owner occupation. |
Occupied by owner at present. Not Applicable |
||||||||||
|
|
|
||||||||||
|
21. (a)- Name of tenant/ lessee etc. (b)- Portion in their occupation (c) Monthly or annual rent/ compensation/ licence fee etc. paid by
each |
Not applicable, as this residential property is not rented out at
present. |
||||||||||
|
|
|
||||||||||
|
22. Is any dispute between landlord and tenant pending in a court of
law? Give Details |
Not applicable, as this residential property is not rented out of
present. |
||||||||||
|
|
|
||||||||||
|
23. Is the building is insured. If so, give the policy No., amount for
which it is insured, and the annual premium. |
No, However an insurance of the building value of Rs.1.750 millions is
required at present. |
||||||||||
|
|
|
||||||||||
|
24. Verification of title deeds/ Legal opinion |
As per relinquishment deed dated:- 21.05.2008, this residential property
stands in the name of Smt. Vishan Tuteja W/o Sh. Hansraj. However bank is
advised to obtain necessary legal opinion in this regard. |
PART-’B’
TECHNICAL DETAILS OF THIS RESIDENTIAL BUILDING
|
1. No. of floors and height of floors Floor height |
G + 1 floor residential building with some ACC Sheet roof Construction
on second floor.
|
||||
|
|
|
||||
|
2. Covered area floor wise Sq.ft. of the building |
|
||||
|
|
|
||||
|
3. Year of Construction |
About 5 years old building |
||||
|
|
|
||||
|
4. Type of Construction Load bearing walls/ RCC frame structure/ steel
frame |
Load bearing walls type construction with necessary RCC structural
components. |
||||
|
|
|
||||
|
5. Types of foundations |
Spread type brick masonry foundations with RCC column footings. |
||||
|
|
|
||||
|
6. Walls |
9” and 4 ˝” thick Brick masonry walls with RCC columns. |
||||
|
|
|
||||
|
7. Doors and Windows |
Teak wood doors and windows, polished. Wooden veneered cup boards and
cabinets in Kitchens and ward robes in bed rooms. |
||||
|
|
|
||||
|
8. Floorings |
GF:- Mosaic and chequered flooring. FF:- Marble stone flooring |
||||
|
|
|
||||
|
9. Finishing |
Inside:- Cement plaster,
OBD. P.O.P work of superior quality. Wall tiles in toilets and Kitchens.
Green marble stone! Granite counter top in kitchens with steel sink. Out Sides:- Washed stone
grit plaster. |
||||
|
|
|
||||
|
10. Roofing and Terracing |
R.C.C. roof slab with brick tiles laid on mud phuska. |
||||
|
|
|
||||
|
11. Electrical wiring/ fittings |
Concealed conduits wiring with very good fittings. |
||||
|
|
|
||||
|
12. Pavements/ flooring in compound |
Mosaic/ Chequered flooring. |
||||
|
|
|
||||
|
13. Mode of sewage disposal |
Public Sewer. |
PART
‘C’-VALUATION DETAILS
Value of land
|
Land area of this residential Property |
= 80 sq. yds. |
|
|
|
|
Prevailing land rates of residential properties in the area |
= Rs.0.250 million to Rs.0.275 per sq. yd. |
|
|
|
|
Land rate adopted for the valuation of this residential property |
= Rs.0.260 million per sq. yd |
|
|
|
|
Market value of land of this residential property |
= 80 X 0.260 million |
|
|
|
|
|
= Rs.20.800 millions |
|
Say Rs.20.800
millions --------------------------------------(A) |
|
Value of the
building
|
a.) Ground Floor Covered area of GF @ Rs.1000/- per sq.ft. |
= 720 sq. ft |
= Rs.0.720 million |
|
|
|
|
|
b) First Floor Covered area of FF @ Rs.1200/- per sq.ft. |
= 720 sq ft. |
= Rs.0.864 million |
|
|
Total |
= Rs.1.584
millions |
Add extra for
|
i.) Compound walls and M.S. Gate L.S. |
= Rs.0.075 million |
|
|
|
|
ii.) Mosaic/chequered flooring in set back L.S. |
= Rs.0.075 million |
|
|
|
|
iii.) ACC sheet roof construction on 2nd floor L.S. |
= Rs.0.150 million |
|
|
|
|
Total |
= Rs.1.884
millions |
Present age of Building = 5 Years
Total life of the building = 60 Years
Depreciation @ 1.5% per year for 5 years = 7.5% = (-) Rs.0.141 million
Net Depreciated value of the Building = Rs.1.743 millions
Say Rs.1.743
millions ------------------- (B)
Total value of the
property = A + B
=
Rs.22.543 millions
Say Rs.22.500
millions
Distress/ Forced
sale value of this Residential property is assessed to Rs.18.000 millions,
which is about 80% of its market value.
__________________________________________________________________________________________
STATEMENT
SHOWING ASSETS AND LIABILITIES (NET WORTH STATEMENTS)
Name of the
Applicant: Mr. Amit Tuteja
Name of the
Guarantor: Mrs. Vishan Tuteja
|
Immovable Properties |
Applicant |
Guarantor |
|
|
|
|
|
Address of the Property with Survey No./ Door No. etc. |
Amit Tuteja |
Mrs. Vishan Tuteja |
|
|
|
|
|
Description: Land/ Site/ Building |
1) N-35, Front Side, II and III Floor, Sriniwas Puri, |
1) N-42, Building Sriniwas Puri 2) N-35, Front Side, II and III Floor, Sriniwas Puri, |
|
|
|
|
|
Whether Freehold/ Leasehold |
GPA |
Perpetual Lease GPA |
|
|
|
|
|
Type of property: Commercial/ residential/ agricultural |
Residential |
Residential Residential |
|
|
|
|
|
Area/ Extent of land |
40 sq yards |
80 sq yards 40 sq yards |
|
|
|
|
|
Mortgaged for availing loan if any, details thereof |
No |
No |
|
|
|
|
|
Present market/
Assessed value |
Rs.6.000 millions
|
1) Rs.18.500
millions 2) Rs.10.000
millions |
|
Investment in
Business Capital: |
||
|
Name of the Company/ firm/ Concern in which investment is made |
|
|
|
|
|
|
|
Date of investments |
31.03.2011 |
NIL |
|
|
|
|
|
Present value of
investments |
Rs.2.696
millions |
|
|
Government
Securities/ NSC/ NSS/ PPF/ Bonds etc |
||
|
Description |
PPF/ Bonds |
-- |
|
|
|
|
|
Present value of
securities |
Rs.0.350 million
|
Rs.0.100 million |
|
Shares/
Debentures/ Mutual Funds/ Units etc. |
||
|
|
|
|
|
Present Value |
Rs.0.351 million |
NIL |
|
Life Insurance
Policies |
||
|
Policy Number/s |
331109074 |
|
|
|
|
|
|
Date of Policy |
12.01.2004 |
|
|
|
|
|
|
Type of Policy: Endowment/ whole life etc. |
Endowment |
NIL |
|
|
|
|
|
Annual Premium |
Rs.0.035 million |
|
|
|
|
|
|
Sum Assured |
Rs.0.500 million |
|
|
|
|
|
|
Surrender Value |
Rs.0.400 million |
|
|
Vehicles owned |
||||
|
|
Santro |
Zen |
|
|
|
Model/ Make |
2005 |
1996 |
|
|
|
|
|
|
|
|
|
Date of Purchase |
2008 |
2000 |
|
|
|
|
|
|
NIL |
NIL |
|
Whether Hypothecated for Loan |
No |
No |
|
|
|
|
|
|
|
|
|
Details of loan against vehicle |
Nil |
Nil |
|
|
|
|
|
|
|
|
|
Present market
value |
Rs.0.150 million |
Rs.0.050 million
|
|
|
|
Other Assets |
||
|
|
|
|
|
Furniture and Fixtures |
Rs.0.025 million |
Rs.0.100 million |
|
|
|
|
|
Cash in Hand |
Rs.0.050 million |
Rs.0.200 million |
|
|
|
|
|
Jewellery |
Rs.0.500 million |
Rs.1.000 million |
|
|
|
|
|
Plant and Machinery |
-- |
-- |
|
|
|
|
|
Other Assets (Investment Advance to OMAXE |
Rs.2.000 millions |
-- |
|
|
|
|
|
Total value of
Other Assets |
Rs.2.575
millions |
Rs.1.300
millions |
|
Total Assets |
Rs.12.572
millions |
Rs.29.900
millions |
|
Total
Liabilities |
NIL |
NIL |
|
Net Worth
(Assets – Liabilities) |
Rs.12.572
millions |
Rs.29.900
millions |
__________________________________________________________________________________________
FIXED ASSETS:
v
Computer
v
Motor car
v
Mobile Phone
v
Furniture and Fixtures
v
Office Equipments
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.