MIRA
INFORM REPORT
|
Report Date : |
13.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
ASTRAL OVERSEAS PRIVATE LIMITED |
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Registered
Office : |
Office No.2, Ground Floor, Plot No.A-34, Madhu Vihar, Delhi – 110092 |
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Country : |
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Date of
Incorporation : |
28.03.2011 |
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Com. Reg. No.: |
216663 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U51900DL2011PTC216663 |
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IEC No.: |
0510013775 |
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PAN No.: [Permanent Account No.] |
AAJCA3603P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Import of Bearing used in Fans and Motors. |
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|
No. of Employees
: |
8 (Office – 6 and Branch – 2)
(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 Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is just a 2 months old company and has no track. Subject is
unknown to the consulted trade and business circles. The valuation report and
networth statement provided seems to be satisfactory. No further details or
payment records could be made available. 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 |
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|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
7C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Navin Nischal |
|
Designation : |
Director |
|
Contact No.: |
91-9810037743 |
|
Date : |
02.05.2011 |
LOCATIONS
|
Registered Office : |
Office No.2, Ground Floor, Plot No.A-34, Madhu Vihar, Delhi – 110092,
India |
|
Mobile No.: |
91-9810037743 (Mr. Navin Nischal) |
|
E-Mail : |
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|
Location : |
Rented |
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|
|
|
Branch Office/ Godown : |
WZ-14, D/IA, Kailash Park, Near Moti Nagar, New Delhi, India |
|
Location : |
Rented |
DIRECTORS
|
Name : |
Mr. Navin Nischal |
|
Designation : |
Director |
|
Address : |
Flat No.644, Kanungo Apartment, IP Extn., Delhi – 110092, India |
|
Date of Birth/Age : |
27.10.1971 |
|
Qualification : |
1. B. com Graduate from D.U. 2. 3 Years Diploma in Mechanical Engineering 2 years Post Diploma in Sales and Marketing |
|
Experience : |
6 years |
|
Email : |
|
|
|
|
|
Name : |
Mr. Naveen Pandey |
|
Designation : |
Director |
|
Address : |
803, Block – B, Pearl Height Apartment, Ramprastha Green Vaishali
Sector – 7, Ghaziabad, India |
|
Date of Birth/Age : |
04.02.1975 |
|
Qualification : |
1. B.A. Graduate from D.U. 2. 3 years Diploma in Mechanical Engineering |
|
Experience : |
More than 10 years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.03.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Navin Nischal |
|
5000 |
|
Naveen Pandey |
|
5000 |
|
|
|
|
|
Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Import of Bearing used in Fans and Motors. |
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|
Imports : |
|
|
Products : |
Bearings |
|
Countries : |
China |
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Terms : |
|
|
Selling : |
Credit (90 days) |
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|
|
|
Purchasing : |
Credit (90 days) |
GENERAL INFORMATION
|
Suppliers : |
· HCH Bearing China |
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|
Customers : |
Wholesalers |
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|
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|
No. of Employees : |
8 (Office – 6 and Branch – 2)
(Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank Patparganj, Delhi – 110092, India |
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|
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Kumar Bhagwad and Company Chartered Accountant |
|
Address : |
B-22, Ansal Chamber -1, 3, Bhikaji Cama Place, New Delhi – 110066,
India |
|
Tel. No.: |
91-11-26163600/ 26164600 |
|
Fax No.: |
91-11-26164600 |
|
Email : |
|
|
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Associates/Subsidiaries : |
· Maxim Cargo Services A-72, Village Ghazipur Opposite to inland Container Depot, Delhi –
110092, India Line of Business: Custom House Agent (CHA) · National Bearing Services 79, 2nd Floor, G. B. Road, Delhi – 110006, India Line of Business: Trading of Bearing for last 10 years |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Share |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Share |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Estimated) |
(Projected) |
|
|
Gross Sales |
|
|
|
|
Domestic |
46.759 |
120.000 |
180.000 |
|
Export |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub Total (Gross sales) |
46.759 |
120.000 |
180.000 |
|
|
|
|
|
|
Less: Excise Duty |
-- |
-- |
-- |
|
|
|
|
|
|
Net Sales |
46.759 |
120.000 |
180.000 |
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
-- |
156.64 |
50 |
|
|
|
|
|
|
Other Operating Income |
|
|
|
|
Export Incentives |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total Operating Income |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
Purchases
|
67.449 |
112.965 |
180.500 |
|
Other Trading Expenses (Carriage inward,
Commission and Brokerage on Purchases)
|
0.492 |
1.124 |
2.000 |
|
|
|
|
|
|
Sub
Total |
67.941 |
114.089 |
182.500 |
|
|
|
|
|
|
Add: Opening Stock |
0.000 |
22.411 |
22.500 |
|
|
|
|
|
|
Sub Total |
67.941 |
136.500 |
205.000 |
|
|
|
|
|
|
Less: Closing Stock |
22.411 |
22.500 |
34.000 |
|
|
|
|
|
|
Total
Cost of Sales |
45.530 |
114.000 |
171.000 |
|
|
|
|
|
|
Selling, General and Administrative Expenses |
0.572 |
1.704 |
3.156 |
|
|
|
|
|
|
Operating Profit before Interests and depreciation |
0.657 |
4.296 |
5.844 |
|
|
|
|
|
|
Interests |
0.000 |
2.394 |
2.600 |
|
|
|
|
|
|
Depreciation |
0.002 |
0.002 |
0.001 |
|
|
|
|
|
|
Operating profit after Interests and depreciation |
0.655 |
1.900 |
3.243 |
|
|
|
|
|
|
Non Operating Income |
0.424 |
0.500 |
0.700 |
|
|
|
|
|
|
Non Operating Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net
of Non-operating Income and Expenses |
0.424 |
0.500 |
0.700 |
|
|
|
|
|
|
Profit
before Tax |
1.079 |
2.400 |
3.943 |
|
|
|
|
|
|
Provision for taxes |
0.216 |
0.742 |
1.218 |
|
|
|
|
|
|
Net
Profit After Tax |
0.863 |
1.658 |
2.725 |
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Retained Profit |
0.863 |
1.658 |
2.725 |
|
|
|
|
|
|
Retained Profit/ Net Profit (%) |
100 |
100 |
100 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Estimated) |
(Projected) |
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
|
i. From Application Bank |
0.000 |
20.000 |
20.000 |
|
ii. From Other Banks |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
SUB
TOTAL (A) |
0.000 |
20.000 |
20.000 |
|
|
|
|
|
|
Short Term Borrowings From Others |
0.000 |
0.000 |
0.000 |
|
Sundry Creditors (Trader) |
36.996 |
12.500 |
22.500 |
|
Advances Payment from customers |
0.000 |
0.000 |
0.000 |
|
Provision For Taxes |
0.216 |
0.742 |
1.218 |
|
Dividend Payable |
0.000 |
0.000 |
0.000 |
|
Other Statutory Liabilities (due within one years) |
0.902 |
1.000 |
1.500 |
|
Installments of term loans and Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
|
Other current Liabilities and Provisions (due within one
years) |
0.039 |
0.200 |
0.300 |
|
|
|
|
|
|
SUB
TOTAL (B) |
38.153 |
14.442 |
25.518 |
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
38.153 |
34.442 |
45.518 |
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
0.000 |
|
Term Loans |
0.000 |
0.000 |
0.000 |
|
Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
2.000 |
3.000 |
|
Term Deposit |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
0.000 |
2.000 |
3.000 |
|
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
38.153 |
36.442 |
48.518 |
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
Shares Capital |
0.363 |
6.000 |
8000 |
|
Application Money |
0.000 |
0.000 |
0.000 |
|
Partner’s Current A/c |
0.000 |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
|
Revolution Reserve |
0.000 |
0.000 |
0.000 |
|
Reserves and Surplus |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Share Premium Account |
0.000 |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.000 |
1.658 |
4.383 |
|
|
|
|
|
|
TOTAL
NET WORTH |
0.363 |
7.658 |
12.383 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
38.516 |
44.100 |
60.901 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
3.336 |
0.758 |
0.486 |
|
Investments [Other than long term investments] |
0.000 |
0.000 |
0.000 |
|
Receivables other than deferred and exports |
10.792 |
17.500 |
22.500 |
|
Export receivables |
0.000 |
0.000 |
0.000 |
|
Government and other Trustee securities |
0.000 |
0.000 |
0.000 |
|
Fixed deposit with bank |
0.000 |
0.000 |
0.000 |
|
Domestic receivable Including BP/ BD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
- Imported |
0.000 |
0.000 |
0.000 |
|
- Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
0.000 |
|
Finished Goods |
22.411 |
22.500 |
34.000 |
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers |
0.004 |
0.000 |
0.000 |
|
Advance Payment of Taxes |
0.000 |
0.700 |
1.000 |
|
Other Current Assets |
1.957 |
2.500 |
2.800 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
38.500 |
43.958 |
60.786 |
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
0.018 |
0.016 |
0.014 |
|
Depreciation to date |
0.002 |
0.002 |
0.0001 |
|
|
|
|
|
|
NET
BLOCK |
0.016 |
0.014 |
0.013 |
|
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Investments in sub |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers of Capital goods and contractors |
0.000 |
0.000 |
0.000 |
|
Investment in Others |
0.000 |
0.000 |
0.000 |
|
Other Non-Current Investment |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Intangible Assets |
0.000 |
0.128 |
0.102 |
|
|
|
|
|
|
TOTAL
ASSETS |
38.516 |
44.100 |
60.901 |
|
|
|
|
|
|
Tangible Net Worth (TNW) |
0.363 |
7.530 |
12.281 |
|
|
|
|
|
|
Net Working Capital (NWC) |
0.347 |
9.516 |
15.268 |
|
|
|
|
|
|
Current Ratio |
1.01 |
1.28 |
1.34 |
|
|
|
|
|
|
TOL/ TNW |
10.510 |
0.484 |
0.395 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF
CURRENT ASSETS AND CURRENT LIABILITIES
(RS
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Estimated) |
(Projected) |
|
|
|
|
|
|
|
Stock in trade |
22.411 |
22.500 |
34.000 |
|
Months cost of Sales |
5.97 |
2.39 |
2.41 |
|
|
|
|
|
|
Finished goods |
|
|
|
|
Months cost of sales |
|
|
|
|
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
10.792 |
17.500 |
22.500 |
|
Months domestic sales |
2.77 |
1.75 |
1.50 |
|
|
|
|
|
|
Export receivables [including bills purchased
and discounted by bankers] |
0.000 |
0.000 |
0.000 |
|
Months export sales |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advances to suppliers of raw materials and
stores/ spares consumable |
0.004 |
0.000 |
0.000 |
|
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
5.293 |
3.958 |
4.286 |
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
38.500 |
43.958 |
60.786 |
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
36.996 |
12.500 |
22.500 |
|
Months Purchases |
6.58 |
1.33 |
1.50 |
|
|
|
|
|
|
Advances from customers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Statutory Liabilities |
1.113 |
1.742 |
2.718 |
|
|
|
|
|
|
Other current liability Specify Major Items) Current Loan Inst. |
0.039 |
0.200 |
0.300 |
|
|
|
|
|
|
TOTAL |
38.153 |
14.442 |
25.518 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Estimated) |
(Projected) |
|
|
|
|
|
|
|
FIRST METHOD OF
LENDING |
|||
|
|
|
|
|
|
Total Current Assets |
38.500 |
43.958 |
60.786 |
|
|
|
|
|
|
Other current Liabilities (Other than Bank borrowings) |
38.153 |
14.442 |
25.518 |
|
|
|
|
|
|
Working Capital Gap |
0.347 |
29.516 |
35.268 |
|
|
|
|
|
|
Min. Stipulated net working capital (25% of WCG) |
0.087 |
7.379 |
8.817 |
|
|
|
|
|
|
Actual/ Project Net Working |
0.347 |
9.516 |
15.268 |
|
|
|
|
|
|
Item 3 minus item 4 |
0.260 |
22.137 |
26.451 |
|
|
|
|
|
|
Item 3 minus item 5 |
0.000 |
20.000 |
20.000 |
|
|
|
|
|
|
Maximum permissible bank finance |
0.000 |
20.000 |
20.000 |
|
|
|
|
|
|
Excess borrowing representing Shortfall in NWC |
(0.260) |
(2.137) |
(6.451) |
|
|
|
|
|
|
|
|
|
|
|
SECOND METHOD OF
LENDING |
|||
|
|
|
|
|
|
Total Current Assets |
38.500 |
43.958 |
60.786 |
|
|
|
|
|
|
Other current Liabilities (Other than Bank borrowings) |
38.153 |
14.442 |
25.518 |
|
|
|
|
|
|
Working Capital Gap |
0.347 |
29.516 |
35.268 |
|
|
|
|
|
|
Min. Stipulated net working capital (25% of WCG) |
9.625 |
10.990 |
15.196 |
|
|
|
|
|
|
Actual/ Project Net Working |
0.347 |
9.516 |
15.268 |
|
|
|
|
|
|
Item 3 minus item 4 |
(9.278) |
18.526 |
20.072 |
|
|
|
|
|
|
Item 3 minus item 5 |
0.000 |
20.000 |
20.000 |
|
|
|
|
|
|
Maximum permissible bank finance |
(9.278) |
18.526 |
20.000 |
|
|
|
|
|
|
Excess borrowing representing Shortfall in NWC |
9.278 |
1.474 |
(0.072) |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2012 |
31.03.2013 |
|
|
(Projected) |
|
|
SOURCES |
|
|
|
|
|
|
|
Net profit After Tax |
1.658 |
2.725 |
|
|
|
|
|
Depreciation |
0.002 |
0.001 |
|
|
|
|
|
Increase in Capital |
5.637 |
2.000 |
|
|
|
|
|
Increase in Term Liability |
2.000 |
1.000 |
|
|
|
|
|
Decrease in |
|
|
|
-
Fixed Assets |
0.000 |
0.000 |
|
-
Other Non Current Assets |
0.000 |
0.000 |
|
|
|
|
|
Others |
0.000 |
0.000 |
|
|
|
|
|
TOTAL SOURCES |
9.297 |
5.752 |
|
|
|
|
|
USES |
|
|
|
|
|
|
|
Net Loss |
0.000 |
0.000 |
|
|
|
|
|
Decrease in Term Liability |
0.000 |
0.000 |
|
|
|
|
|
Increase in |
|
|
|
-
Fixed Assets |
0.000 |
0.000 |
|
-
Other Non Current Assets |
0.000 |
0.000 |
|
|
|
|
|
Dividend Payments |
0.000 |
0.000 |
|
|
|
|
|
Other Unsecured Loans |
0.128 |
0.000 |
|
|
|
|
|
TOTAL USES |
0.128 |
0.000 |
|
|
|
|
|
Long Term Surplus (+) Deficit (-) |
9.169 |
5.752 |
|
|
|
|
|
Increase/ Decrease in current Assets (as per details Given Below) |
5.458 |
16.828 |
|
|
|
|
|
Increase/ decrease in current Liabilities other Than Bank Borrowing |
(23.711) |
11.076 |
|
|
|
|
|
Increase/ decrease Working Capital Gap |
29.169 |
5.752 |
|
|
|
|
|
Net surplus (+)/ Deficit (-) |
20.000 |
0.000 |
|
|
|
|
|
Increase/ (Decrease) in Bank Borrowings |
(20.000) |
0.000 |
|
|
|
|
|
Increase/ (Decrease)
in Net Sales |
73.241 |
60.000 |
|
|
|
|
|
Break-Up of (4) |
|
|
|
|
|
|
|
Increase/ Decrease in Raw Material |
0.000 |
0.000 |
|
|
|
|
|
Increase/ Decrease in Stock in Process |
0.000 |
0.000 |
|
|
|
|
|
Increase/ Decrease in Finished Goods |
0.089 |
1.150 |
|
|
|
|
|
Increase/ Decrease in Receivables |
|
|
|
Domestic |
6.708 |
5.000 |
|
Export |
0.000 |
0.000 |
|
|
|
|
|
Increase/ Decrease in Other Current Assets |
(1.882) |
0.028 |
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT AS ON 31ST MARCH 2011
MR.
NAVIN NISHCHAL
(RS.
IN MILLIONS)
|
NAME OF ASSETS |
MARKET VALUE |
|
|
|
|
Capital in Maxim Cargo Services |
1.085 |
|
|
|
|
Capital in Astral Overseas |
0.363 |
|
|
|
|
Capital in Astral Overseas Private Limited |
0.050 |
|
|
|
|
Loans and advances for Property |
7.562 |
|
|
|
|
Cash and Bank Balance |
0.700 |
|
|
|
|
Gold and Jewellery |
0.500 |
|
|
|
|
TOTAL ASSETS (A) |
10.260 |
|
|
|
|
Less: Liabilities Car Loan |
0.150 |
|
|
|
|
TOTAL
LIABILITIES (B) |
0.150 |
|
|
|
|
NET WORTH (A-B) |
10.110 |
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT AS ON 31ST MARCH 2011
MR.
NAVEEN PANDEY
(RS.
IN MILLIONS)
|
NAME OF ASSETS |
MARKET VALUE |
|
|
|
|
803, Block B, Pearl High Apartment Ramprasth Green, Vaishali, Sector –
7, Ghaziabad |
9.000 |
|
|
|
|
Capital in Astral Overseas
Private Limited |
0.050 |
|
|
|
|
Capital in M/s National Bearing Services |
0.350 |
|
|
|
|
Investment Mutual Fund, LIC |
0.250 |
|
|
|
|
Loans and Advances |
0.150 |
|
|
|
|
Cash and Bank Balance |
0.250 |
|
|
|
|
TOTAL ASSETS (A) |
10.050 |
|
|
|
|
Less: Liabilities Car Loan |
0.000 |
|
|
|
|
TOTAL
LIABILITIES (B) |
0.000 |
|
|
|
|
NET WORTH (A-B) |
10.050 |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
VALUATION
OF RESIDENTIAL PLOT BEARING NO.A-71, ADMEASURING 250 SQ. MTS. IN LAND AREA (SITUATED
AT ANSAL AQUA POLIS NEAR VILLAGE DUNDEHRA
PART
A – BASIC DATAS
|
Purpose for which valuation is made |
Fair Market Value for Corporation Bank, Bhikaji Cama Place Branch, New
Delhi – 110066, India |
|
|
|
|
Date as on which valuation made |
As on 10.05.2011 |
|
|
|
|
Name of the Owner/ Owners |
Mr. Rakesh Kapoor S/o Late Mr. S. C. Kapoor |
|
|
|
|
If the Property is under joint Ownership, share of each such owners |
Not Applicable |
|
|
|
|
Location of the Property A- Street, Ward No. B- Flat/ Plot No. |
Situated at Ansal Aquapolis Near Village Dundehra Ghaziabad (U.P) Residential Plot Bearing No.71 in Block A |
|
|
|
|
Brief description of the property |
This residential plot admeasuring 250 sq. mts. In land area is
situated at Ansal Aquapolis near village Dundehera in Ghaziabad (U.P.) This residential
Plot is without any structure/ Compound over it. |
|
|
|
|
Is the Property situated in Residential/ Commercial/ Mixed Area/
Industrial Area |
Residential Area |
|
|
|
|
Classification of locality High Class / Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity of civil Amenities like School, Hospital, Offices, Market
Cinemas etc. |
All available within 5 kms Distance. |
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Buses and Taxies are available within 2 kms distance. |
|
|
|
|
Area of land supported by documentary proof, shape dimensions,
description and Physical features. |
As per sale deed dated 31.03.2011, land area of this residential Plot
= 250 sq. mts. Rectangular Plot, Flat Land. |
|
|
|
|
Boundaries of the Properties North South East West |
Road 9 mts – wide Plot No.A-68 Plot No.A-70 Plot No.A-72 |
|
|
|
|
It is Freehold or Leasehold land |
Freehold |
|
|
|
|
Prevailing Approved circle rated for residential Plots in the area |
Rs.9,000/- per sq. mtr. of its land area |
|
|
|
|
Prevailing land rates of residential plots in the area |
Rs.20,000/- to Rs.22,000/- per sq. mtr. of its land area land rate adopted
in this valuation = Rs.21,000 per sq. mtr of its land area. |
|
|
|
|
Is there any Restrictive convenient in regard to use of land, if so
details be given |
Residential use |
|
|
|
|
Does the land fall in an area included in any development plan of the
government or any statuary body? If so give particulars |
Ghaziabad Development Authority. |
|
|
|
|
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. |
|
|
|
|
Is the building owner occupied/ Tenant/ Both |
Lying vacant under the possession of the owner |
|
|
|
|
If the party owner occupied, specify portion and extent of the area
under owner occupation. |
Not Applicable |
|
|
|
|
Is the Building is insured, if so give the policy No. amount for which
ir is insured, and the annual premium |
As there is no building/ compound walls on this plot at present
therefore no question arises for insurance of the building g at this stage. |
|
|
|
|
Verification of title deeds/ Legal Opinion |
As per sale deeds dated: 31.03.2011, this residential plot stands in
the name of Mr. Rakesh Kapoor S/o Late Mr. S. C. Kapoor, However bank is
advised to obtain necessary legal opinion in this regard. |
|
|
|
|
VALUATION OF RESIDENTIAL PLOT A] AS PER PREVAILING MARKET RATES IN THE AREA |
|
|
Land area of this Residential Plot |
250 Sq. mts. |
|
|
|
|
Prevailing land rates of this residential Plots in the area |
Rs.20,000/- to Rs.22,000/- per sq. mtr. |
|
|
|
|
Land rate adopted for the valuation of this residential plot |
Rs.21,000/- per sq. mtr. |
|
|
|
|
Market Value of the Land of this residential plot |
250 x 21,000/- Rs.5.250 Millions |
|
|
|
|
Distress / Forced sale value of this residential plot is assessed to
Rs.4.200 Millions which is about 80% of its market Value |
|
|
|
|
|
B] VALUE OF LAND OF THIS RESIDENTIAL PLOT AS PER
APPROVED CIRCLE RATE IN THE AREA |
|
|
Total Land area of this residential Plot |
250 sq. mts. |
|
|
|
|
Minimum approved circle rate of Residential Land in the area |
Rs.9,000/- per sq. mtr. |
|
|
|
|
Value of land as per approved circle rate in the area |
250 x 9000 |
|
|
|
|
Pertaining to this first floor of residential property |
Rs.2.250 Millions |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
VALUATION
OF GROUND FLOOR EWS FLAT (WITH OUT ITS ROOF RIGHTS) BEARING NO.7 IN BLOCK D-11,
SITUATED AT SECTOR- 71, NOIDA, DISTRICT GAUTAM BUDH NAGAR (U.P.) OWNED BY – MR.
RAKESH KAPOOR S/O MR. S. C. KAPOOR
PART
A – BASIC DATAS
|
Purpose for which valuation is made |
Fair Market Value for Corporation Bank, Bhikaji Kama Place, New Delhi
– 110066, India |
|
|
|
|
Date as on which valuation made |
As on 09.05.2011 |
|
|
|
|
Name of the Owner/ Owners |
Mr. Rakesh Kapoor S/o Mr. S. C. Kapoor |
|
|
|
|
If the Property is under joint Ownership, share of each such owners |
Not Applicable |
|
|
|
|
Location of the Property A- Street, Ward No. B- Flat/ Plot No. |
A. In Block D-11, Situated at Sector-71, Noida B. Ground Floor Flat (with out its roof tights) bearing No.07 |
|
|
|
|
Brief description of the property |
This GF EWS Flat (With out its roof rights) in G+2 Floor building is
situated at Block D-11 in Sector 71 in Noida. This GF Flat comprises of a
room, a kitchen, a Toilet. Open Land towards South side also is available for
this flat The owner has constructed a room on this part of open land
recently. |
|
|
|
|
Is the Property situated in Residential/ Commercial/ Mixed Area/
Industrial Area |
Residential Property |
|
|
|
|
Classification of locality High Class / Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity of civil Amenities like School, Hospital, Offices, Market
Cinemas etc. |
All Available within three kms distance. |
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Buses and Taxies are available within one km. distance. |
|
|
|
|
Area of the flat supported by documentary proof, shape, dimensions,
description and physical features. |
As per transfer deed cum sale deed dated 10.06.2010, covered/ Super area
of this GF flat = 23.33 sq. mts= 250 sq. ft. |
|
|
|
|
Boundaries of the Properties North South East West |
Gali Open Area/ Flat No.D-12-12 Compound Wall/ Other’s Flat No.D-12/12 Gali |
|
|
|
|
It is Freehold or Leasehold land |
Leasehold Flat |
|
|
|
|
If lease hold the name of Lesser/ Lessees, nature of lease, dated 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 New Okhla Industrial
development Authority in respect of built up flats. |
|
|
|
|
Prevailing composite rates of the residential flats in the area. |
Rs.5,000/- to Rs.5,500/- per sq. ft. of the covered / super area. |
|
|
|
|
Prevailing Approved circle rated in the area |
Rs.13,000/- per sq. mtr. of the covered/ super area of the flat. |
|
|
|
|
Is there my restrictive convenient in regard to use of land. If so,
details be given. |
Residential use. |
|
|
|
|
Does the land fall in an area included in any development plan of the
government or any statutory body. If so, Give Particulars. |
New Okhla Industrial Development Authority |
|
|
|
|
Is the building owner occupied/ Tenant/ both |
Owner Occupied |
|
|
|
|
Is any dispute between landlord and tenant pending in a court of law.
Give details. |
Not Applicable as is FF Flat is Owner Occupied at Present. |
|
|
|
|
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 building value of Rs.0.105 Million is required
at present. |
|
|
|
|
Verification of title deeds/ Legal Opinion |
As per transfer deed cum sale deed dated 10.06.2010, this residential
GF Flat stands in the name of Mr. Rakesh Kapoor S/o Mr. S. C. Kapoor. However
bank is advised to obtain necessary legal opinion in this regard. |
PART
– B TECHNICAL DETAILS OF THE BUILDING OF GROUND FLOOR FLAT
(WITH
OUT IT’S ROOF RIGHTS)
|
No. of floors and height of floors Floor height |
Noida Authority built EWS GF flat (with
out its roof rights) in G + 2 floor building. 10’- 6” |
|
|
|
|
Covered area floor wise Sq. ft. a. Actual Covered area |
1) Covered/ super area of this GF flat as
constructed by Noida Authority = 23.33 sq. mtr. = 250 sq. ft. ii) Covered/ Super area as constructed by
the owner recently = 160 sq. ft. |
|
|
|
|
Year of Construction |
i) Portion constructed by Noida Authority
= About 20 years old flat. ii) Area constructed by the owner
constructed recently. |
|
|
|
|
Type of Construction Load bearing walls/
RCC frame structure/ steel frame |
Load bearing walls type construction with
necessary R.C.C structural components. |
|
|
|
|
Types of foundations |
R.C.C footings with brick masonry spread
type foundations. |
|
|
|
|
Walls |
9” and 4 1/2” thick bricks masonry walls
with RCC columns. |
|
|
|
|
Doors and Windows |
M.S. doors and windows painted. Wooden
veneered ward robe in bedroom |
|
|
|
|
Floorings |
P.C.C. flooring |
|
|
|
|
Finishing |
Inside: - Cement plaster, OBD. Wall tiles
in Kitchen and Toilet. Floor tiles in Toilet. RCC counter top in Kitchen with
steel sink. Outside: - Cement plaster, Snowcem. |
|
|
|
|
Roofing and Terracing |
R.C.C. roof slabs. |
|
|
|
|
Electrical Wiring/ fittings |
Concealed conduits wiring with ordinary
fittings. |
|
|
|
|
Mode of sewage disposal |
Public Sewer. |
PART
C- VALUATION REPORT
VALUATION
OF GROUND FLOOR RESIDENTIAL FLAT (WITH OUT ITS ROOF RIGHTS)
Covered area/ Super area of this residential ground floor flat = 250 sq.
ft.
Prevailing composite rates for GF residential flats in the area Rs.
5,000/- to Rs. 5,500/- per sq. ft.
Composite rate adopted for the valuation of this Ground floor flat (with
out its roof rights) = Rs. 5,500/- per sq. ft.
Market Value of this GF residential flat (with out its roof rights) 250
X 5,500= Rs.1.375 Millions
Distress/ Forced
sale value of this GF Flat (with out its roof rights) is assessed to Rs.1.100
Million which is about 80% of its market value.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
VALUATION
OF 8TH FLOOR RESIDENTIAL FLAT BEARING NO.3 (WITH OUT ITS ROOF RIGHTS) IN BLOCK ‘B’ OF
PEARL HEIGHTS IN RAMPRASTH GREEN SITUATED AT POCKET -10, SECTOR 09, VAISHALI
EXTENSION GHAZIABAD (U.P) OWNED BY: MRS. SANGEETA PANDEY W/O MR. NAVEEN PANDEY
AND MR. NAVEEN PANDEY S/O MR. GOPAL DUTT PANDEY.
PART
A – BASIC DATAS
|
Purpose for which valuation is made |
Fair Market Value for Corporation Bank, |
|
|
|
|
Date as on which valuation made |
As on 09.05.2011 |
|
|
|
|
Name of the Owner/ Owners |
i.) Mrs. Sangeeta Pandey W/o Mr. Naveen Pandey. ii.) Mr. Naveen Pandey S/o Gopal Dutt Pandey. |
|
|
|
|
If the Property is under joint Ownership, share of each such owners |
50% indivisible share of each owner. |
|
|
|
|
Location of the Property B- Flat/ Plot No. |
Situated at Ramprastha Green, Pocket- 10, Sector- 09, Vaishali Extension, Ghaziabad (U.P) |
|
|
|
|
Brief description of the property |
This 8th floor residential flat in stilt + 8 floors ‘B’
Block in Pearl Heights is situated at Ramprastha Green in Pocket- 10, Sector-
09 of Vaishali Extension, Ghaziabad. This residential flat comprises of a
Drawing/ Dinning. 4 Bed rooms, four Toilets, a Kitchen and two balconies
along with common stair case, lift and passage. A servant room with bath and
W.C. at Maznine floor (above 8th floor) and a open car parking also are part
of this 8th floor flat No. 03. |
|
|
|
|
Is the Property situated in Residential/ Commercial/ Mixed Area/
Industrial Area |
Residential Area |
|
|
|
|
Classification of locality High Class / Middle Class/ Poor Class |
High Class |
|
|
|
|
Proximity of civil Amenities like School, Hospital, Offices, Market
Cinemas etc. |
All Available within 2 to 3 kms distance. |
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Buses, Rickshaws and Taxies are available within one km. distance. |
|
|
|
|
Land area of the property supported by documentary proof. |
As per sale deed dated 29.06.2009, covered/ Super area of this
residential flat = 183.48 sq. mts. = 1975 sq. ft. |
|
|
|
|
It is Freehold or Leasehold land |
Freehold Flat |
|
|
|
|
If lease hold the name of Lesser/ Lessees, nature of lease, dated 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 |
Not Applicable |
|
|
|
|
Prevailing Approved circle rate of residential flat in the area |
Rs.29,000/- per sq. mtr. of its covered/ super area |
|
|
|
|
Prevailin composite rates of such residential flats the area |
Rs.4,500/- to Rs.5,000/- per sq. ft. composite rate adopted in this
valuation = Rs.4,600/- per sq. ft. |
|
|
|
|
Is there my restrictive convenient in regard to use of land. If so,
details be given. |
Residential use. |
|
|
|
|
Does the land fall in an area included in any development plan of the
government or any statutory body. If so, Give Particulars. |
Ghaziabad Development Authority. |
|
|
|
|
Is the building owner occupied/ Tenant/ both |
Occupied by the owner at Present. |
|
|
|
|
Is any dispute between landlord and tenant pending in a court of law.
Give details. |
Not Applicable as is this flat residential flat is not rented out at
present. . |
|
|
|
|
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 building value of Rs.2.275 Millions is
required at present. |
|
|
|
|
Verification of title deeds/ Legal Opinion |
As per sale deed dated 29.06.2009, this residential Flat stands in the
name of Mrs. Sangeeta Pandey and Mr. Naveen Pandey. However bank is advised
to obtain necessary legal opinion in this regard. |
PART
– B TECHNICAL DETAILS OF THE BUILDING OF This 8th FLOOR FLAT
(WITH
OUT IT’S ROOF RIGHTS)
|
No. of floors and height of floors Floor height |
I) 8th floor residential flat (with out
its roof rights) in stilt + 8 floor building 10’-6” |
|
|
|
|
Covered area floor wise Sq. ft. of the
building |
187.48 sq. mts. = 1975 sq. ft. (Covered/ Super Area) |
|
|
|
|
Year of Construction |
3 years old flat |
|
|
|
|
Type of Construction Load bearing walls/
RCC frame structure/ steel frame |
RCC framed structure type construction. |
|
|
|
|
Types of foundations |
RCC column footings with brick masonry
spread type foundations/ R.C.C. raft foundations. |
|
|
|
|
Walls |
9” thick Brick masonry walls with RCC
columns. |
|
|
|
|
Doors and Windows |
Wooden laminated/ veneered doors and
aluminium windows. Wooden veneered cup boards and cabinets in Kitchen and
ward robes in Bed rooms. |
|
|
|
|
Floorings |
Ceramic Tiles
Flooring |
|
|
|
|
Finishing |
Inside: - Cement plaster, OBD. Wall tiles in
Toilets and Kitchen, Granite stone counter top in Kitchen with stainless
steel sink. Outside: - Cement plaster, snowcem/
exterior paint. |
|
|
|
|
Roofing and Terracing |
R.C.C. roof slabs. |
|
|
|
|
Electrical Wiring/ fittings |
Concealed conduits wiring with very good
fittings. |
|
|
|
|
Pavement / Flooring in Compound. |
Green Marble Stone Flooring. |
|
|
|
|
Mode of sewage disposal |
Public Sewer. |
PART
C- VALUATION REPORT
VALUATION
OF GROUND FLOOR RESIDENTIAL FLAT (WITH OUT ITS ROOF RIGHTS)
Covered area of this residential 8th floor flat = 183.48 sq.
mts. = 1975sq. ft.
Prevailing composite rates of such residential flats in the area =
Rs.45,000/- to Rs. 5,500/- per sq. ft.
Composite rate adopted for the valuation of this 8th floor
flat (with out its roof rights) = Rs.4,600/- per sq. ft.
Market Value of this 8th floor flat (with out its roof
rights) = 1975 X 4,600= Rs.9.085 Millions
Distress/ Forced
sale value of this Residential Flat (with out its roof rights) is assessed to
Rs.7.300 Millions which is about 80% of its market value.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
VALUATION
OF FIRST FLOOR EWS FLAT ALONG WITH A TERRACE AT THE BACK AND WITH OUT ITS ROOF
RIGHTS BEARING No. 15 IN BLOCK A- 14, SITUATED AT SECTOR- 71, NOIDA, DISTT.
GAUTAM BUDH NAGAR (U.P) OWNED BY:- MR. RAKESH KAPOOR S/O SH.S. C. KAPOOR
PART
A – BASIC DATAS
|
Purpose for which valuation is made |
Fair market value for Corporation Bank, Bhikaji Kama Place, New Delhi
-110066 |
|
|
|
|
Date as on which valuation made |
As on 09.05.2011 |
|
|
|
|
Name of the Owner/ Owners |
Mr. Rakesh Kapoor S/o Mr. S. C. Kapoor. |
|
|
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If the Property is under joint Ownership, share of each such owners |
Not Applicable |
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Location of the Property B- Flat/ Plot No. |
a- in Block A- 14, situated at Sector-71, Noida b- First floor Flat along with a terrace at the back (with out its roof rights) Bearing No.15 |
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Brief description of the property |
This FF EWS Flat along with a terrace at the back and with out its roof
rights in G + 2 floor building is situated at Sector- 71 in Noida. This FF
flat comprises of a room, a Kitchen, a W.C. and a bath. A terrace at the back
side also is available for this FF flat. |
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Is the Property situated in Residential/ Commercial/ Mixed Area/
Industrial Area |
Residential Area |
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Classification of locality High Class / Middle Class/ Poor Class |
Middle Class |
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Proximity of civil Amenities like School, Hospital, Offices, Market
Cinemas etc. |
All Available within 3 kms distance.
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Means and proximity to surface communication by which the locality is
served. |
Buses and Taxies are available within one km. distance. |
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Land area of the property supported by documentary proof. |
As per sale deed dated 26.08.2010, covered/ Super area of this
residential flat = 23.33 sq. mts. = 250 sq. ft. |
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Boundaries of the FF Flat North South East West |
open area Passage/ Stair case/ Flat No. A- 14/12 Flat No. A- 14/14 Open area |
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It is Freehold or Leasehold land |
Leasehold Flat |
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If lease hold the name of Lesser/ Lessees, nature of lease, dated 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 New Okhla Industrial
Development Authority in respect of built up flats. |
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Prevailing composite rates of such residential flats the area |
Rs.4,500/- to Rs.5,000/- per sq. ft. the covered/ super area. |
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Prevailing Approved circle rate in the area |
Rs.13,000/- per sq. mtr. of its covered/ super area of the flat. |
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Is there my restrictive convenient in regard to use of land. If so,
details be given. |
Residential use. |
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Does the land fall in an area included in any development plan of the
government or any statutory body. If so, Give Particulars. |
New Okhla Industrial Development Authority. |
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Is the building owner occupied/ Tenant/ both |
Owner Occupied |
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Is any dispute between landlord and tenant pending in a court of law.
Give details. |
Not Applicable as is FF flat is owner occupied at present. |
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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 building value of Rs.0.105 Million is required
at present. |
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Verification of title deeds/ Legal Opinion |
As per transfer deed cum sale deed dated 26.08.2010, this residential
FF Flat stands in the name of Mr. Rakesh Kapoor S/o Mr. S. C. Kapoor. However
bank is advised to obtain necessary legal opinion in this regard. |
PART
– B TECHNICAL DETAILS OF THE BUILDING OF FF FLOOR FLAT
(WITH
OUT IT’S ROOF RIGHTS)
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No. of floors and height of floors Floor height |
Noida Authority built EWS FF flat with
terrace at the back and with out its roof rights in G + 2 Floor building.
10’-6” |
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Covered area floor wise Sq. ft. a. Actual Covered area |
Covered/ Super Area of this flat = 23.33
sq. mtr. = 250 sq. ft. |
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Year of Construction |
About 20 years old flat |
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Type of Construction Load bearing walls/
RCC frame structure/ steel frame |
Load bearing walls type construction with
necessary R.C.C structural components. |
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Types of foundations |
R.C.C footings with brick masonry spread
type foundations. |
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Walls |
9” and 4 ˝” thick bricks masonry walls
with RCC columns. |
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Doors and Windows |
M.S. doors and windows painted. |
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Floorings |
P.C.C. Flooring |
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Finishing |
Inside: - Cement plaster, Dry distemper,
cement plaster dado in bath, WC and Kitchen. Outside: - Cement plaster, Snowcem. |
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Roofing and Terracing |
R.C.C. roof slabs. |
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Electrical Wiring/ fittings |
Concealed conduits wiring with ordinary |
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Pavement / Flooring in Compound. |
-- |
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Mode of sewage disposal |
Public Sewer. |
PART
C- VALUATION REPORT
VALUATION
OF FIRST FLOOR RESIDENTIAL FLAT (WITH OUT ITS ROOF RIGHTS)
Covered area/ Super area of this residential first floor flat = 250 sq.
ft.
Prevailing composite rates for FF residential flats in the area
Rs.4,500/- to Rs.5,000/- per sq. ft.
Composite rate adopted for the valuation of this first floor flat (with
out its roof rights) = Rs.4,800/- per sq. ft.
Market Value of this FF residential flat (with out its roof rights) 250
X 4,800 Rs.1.200 Million
Add extra for terrace at the back LS Rs.0.300 Million
Total market value of this FF Rs.1.500 Millions.
Distress/ Forced
sale value of this FF Flat (with out its roof rights) is assessed to Rs.1.200
Millions which is about 80% of its market value.
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Aggarwal Associates
· Chaudhary Bearing Enterprises
· Chaudhary Impex Private Limited
· SPR Enterprises
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.72.93 |
|
Euro |
1 |
Rs.64.72 |
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.