MIRA
INFORM REPORT
|
Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
LORD KRISHNA KNITWEAR |
|
|
|
|
Registered
Office : |
2526, Basti Jodhewal, Ludhiana – 141007, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
03.05.2011 |
|
|
|
|
Date of
Incorporation : |
14.03.2011 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.562 Million |
|
|
|
|
IEC No.: |
3010020295 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADFL9411H |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
|
|
|
|
Line of Business
: |
Manufacturers of Knitting of Clothes. (Knitting Process) |
|
|
|
|
No. of Employees
: |
5 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new concern and yet to establish itself. The
valuation report and networth statement provided seems to be satisfactory. No
further details or payment could be made available. It would be advisable to take adequate securities while dealings with
the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Mahesh Kumar Makkar |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9878903405 |
|
Date : |
07.06.2011 |
LOCATIONS
|
Registered Office/ Factory : |
2526, Basti Jodhewal, Ludhiana – 141007, Punjab, India |
|
Tel. No.: |
91-161-4638701 |
|
Mobile No.: |
91-9878903405 (Mr. Mahesh Kumar Makkar) |
|
E-Mail : |
|
|
Area : |
1530 sq. ft. |
|
Location : |
Rented |
PARTNERS
|
Name : |
Mr. Jatin Makkar |
|
Designation : |
Partner |
|
Address : |
House No.202-E, Shaheed Bhagat Singh Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
18 years |
|
Qualification : |
+2 |
|
Experience : |
1 years |
|
|
|
|
Name : |
Mrs. Renu Makkar |
|
Designation : |
Partner |
|
Address : |
House No.202-E, Shaheed Bhagat Singh Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
47 years |
|
Qualification : |
B.Sc., B.Ed. |
|
Experience : |
4 years |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh Kumar Makkar |
|
Designation : |
Chartered Accountant |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Knitting of Clothes. (Knitting Process) |
PRODUCTION STATUS (AS ON 03.05.2011)
|
Particulars |
Unit |
Installed Capacity |
|
|
|
|
|
Polar Blankets |
Tons |
500 (P.a.) |
|
|
|
|
GENERAL INFORMATION
|
Customers : |
· D. R. Synthetic Shiv Pun Road, Ludhiana, Punjab, India · Friends Fabrics Shiv Pun Road, Ludhiana, Punjab, India · M. J. Oswal Hosiery Ghelewal, Ludhiana, Punjab, India · B. B. S. Hosiery Ghelewal, Ludhiana, Punjab, India |
|
|
|
|
No. of Employees : |
5 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank Feroze Gandhi Market, Ludhiana, Punjab, India |
|
|
|
|
Facilities : |
Term Loan Rs.3.000 Millions Under process. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Arora Vohra and Company Chartered Accountant |
|
Address : |
Ludhiana, Punjab, India |
|
Mobile No.: |
91-9417053336 |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.0.562 Million |
|
Borrowed : |
-- |
|
Total : |
Rs.0.562 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note: Sole Proprietory and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry
Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
03.05.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital Accounts |
|
|
0.562 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.562 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.562 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.550 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.550 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.000 |
|
|
Net Current Assets |
|
|
0.550 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.012 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.562 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
03.05.2011 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.00 |
LOCAL AGENCY FURTHER INFORMATION
INTRODUCTION
Subject is a small scale unit, plan to
fabricate the textile cloth used in the manufacturing of blankets in different
types i.e. polar blankets, mink blankets, blanket covers, polar bed sheets etc.
Also the fabricated cloth is used in the
garment industry for manufacture of weat shirts, track suits and lowers.
PROMOTER:
The family has a backlong history of hosiery and textile line.
The family has been doing the hosiery business for the last 20 years
under different firms.
Now presently the family business has the following firms related with
the Textile industry
1. M/S Maharaja Cotyspin Limited — a spinning mill for 13000 spinles
under installation at Neelo Canal Samrala Road, Ludhiana
2. M/S Maharaja Dyeing and Finishing Mills – a Textile Dyeing Unit at
Tajpur Road, Ludhiana working since 2000.
3. M/S Jai Ganesh Processors — a textile Dyeing Unit at Viii. Bhamian
Tajpur Road, Ludhiana
The unit will get full support for regular job work since the fabricated
cloth have further processing in the dyeing unit i.e. washing, printing,
dyeing etc.
All the process for final product is done at the dyeing unit of the above
family firm
Further they add that the cloth manufacturers are benefited since the
whole processing will be done at the same family group. They will send the yam
and will get the final product i,e blanket, printed ready cloth etc. from one
family instead of sending the cloth to different processors
MARKET
Since Ludhiana has a worldwide market for hosiery and textile industry.
There is a ample scope for hosiery and textile business. Buyers from all over
the world make purchases of hosiery and textile goods from Ludhiana.
------------------------------------------------------------------------------------------------------------------------------
COST OF PROJECT
(RS.
IN MILLIONS)
|
Particulars
|
Amount |
|
|
|
|
Plant and Machinery |
4.000 |
|
Working Capital |
0.110 |
|
|
|
|
Total
|
4.110 |
SOURCES OF FINANCE
(RS.
IN MILLIONS)
|
Particulars
|
Amount |
|
|
|
|
Own Capital |
1.110 |
|
Bank Finance |
3.000 |
|
|
|
|
Total
|
4.110 |
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF PLANT AND MACHINERY
(RS.
IN MILLIONS)
|
Name of Machinery |
Qty. |
Value |
|
|
|
|
|
Polar Machines |
4 |
3.300 |
|
Generator |
1 |
0.393 |
|
Compressor |
1 |
0.115 |
|
Servo |
1 |
0.078 |
|
Electricals and
Installation |
-- |
0.114 |
|
|
|
|
|
Total |
|
4.000 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
A.
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Partners Capital |
1.110 |
1.516 |
2.004 |
2.616 |
3.314 |
|
Add: Profit |
0.556 |
0.638 |
0.762 |
0.874 |
0.951 |
|
Less: Withdrawals |
0.150 |
0.150 |
0.150 |
0.175 |
0.200 |
|
|
1.516 |
2.004 |
2.616 |
3.314 |
4.065 |
|
|
|
|
|
|
|
|
Current Liabilities |
0.015 |
0.015 |
0.015 |
0.015 |
0.015 |
|
|
|
|
|
|
|
|
Term Loan from Bank |
2.400 |
1.800 |
1.200 |
0.600 |
-- |
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
3.931 |
3.819 |
3.831 |
3.929 |
4.080 |
|
|
|
|
|
|
|
|
B.
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
W.D.V. at the Beginning |
0.000 |
3.400 |
2.890 |
2.457 |
2.088 |
|
Additions during the year |
4.000 |
-- |
-- |
-- |
-- |
|
Sale during the year |
-- |
-- |
-- |
-- |
-- |
|
Depreciation |
0.600 |
0.510 |
0.434 |
0.368 |
0.313 |
|
|
|
|
|
|
|
|
W.D.V.
At the end |
3.400 |
2.890 |
2.457 |
2.088 |
1.775 |
|
|
|
|
|
|
|
|
Investments |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Current
Assets |
|
|
|
|
|
|
Sundry Creditors |
0.110 |
0.110 |
0.110 |
0.110 |
0.110 |
|
Inventory |
0.015 |
0.015 |
0.015 |
0.015 |
0.015 |
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.406 |
0.804 |
1.249 |
1.716 |
2.180 |
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
3.931 |
3.819 |
3.831 |
3.929 |
4.080 |
------------------------------------------------------------------------------------------------------------------------------
PROFITABILITY STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
|
|
|
|
|
|
|
SALES
|
|
|
|
|
|
|
Job Charges |
3.050 |
3.200 |
3.360 |
3.500 |
3.625 |
|
|
|
|
|
|
|
|
Total
|
3.050 |
3.200 |
3.360 |
3.500 |
3.625 |
|
|
|
|
|
|
|
|
COST
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
|
|
Power and Fuel |
0.600 |
0.650 |
0.700 |
0.750 |
0.800 |
|
Direct Labour and wages |
0.600 |
0.650 |
0.700 |
0.750 |
0.800 |
|
Oil and Chemicals |
0.100 |
0.125 |
0.150 |
0.150 |
0.175 |
|
Repairs and Maintenance |
0.050 |
0.100 |
0.100 |
0.100 |
0.100 |
|
Other Manufacturing Expenses |
0.050 |
0.050 |
0.050 |
0.050 |
0.050 |
|
Depreciation |
0.600 |
0.510 |
0.434 |
0.368 |
0.313 |
|
|
|
|
|
|
|
|
Total
cost of Production |
2.000 |
2.085 |
2.134 |
2.168 |
2.238 |
|
|
|
|
|
|
|
|
Gross Profit |
1.050 |
1.115 |
1.227 |
1.332 |
1.387 |
|
|
|
|
|
|
|
|
Interests on Term Loan |
0.324 |
0.252 |
0.180 |
0.108 |
0.036 |
|
Selling General and Administrative
Expenses |
0.150 |
0.200 |
0.250 |
0.300 |
0.350 |
|
|
|
|
|
|
|
|
Profit Before Taxation |
0.576 |
0.663 |
0.797 |
0.924 |
1.001 |
|
Provision for Taxes |
0.020 |
0.025 |
0.035 |
0.050 |
0.050 |
|
Net Profit |
0.556 |
0.638 |
0.762 |
0.874 |
0.951 |
|
|
|
|
|
|
|
|
Depreciation added back |
0.600 |
0.510 |
0.434 |
0.368 |
0.313 |
|
|
|
|
|
|
|
|
Net Cash Accruals |
1.156 |
1.148 |
1.195 |
1.242 |
1.264 |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
|
|
|
|
|
|
|
A.
Sources of Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Accruals (viz profit before taxation
with interests added back but after Depreciation) |
0.900 |
0.915 |
0.977 |
1.032 |
1.037 |
|
Increase in Prop. Capital |
1.110 |
-- |
-- |
-- |
-- |
|
Depreciation |
0.600 |
0.510 |
0.434 |
0.368 |
0.313 |
|
Term Loan from Bank |
3.000 |
-- |
-- |
-- |
-- |
|
Decrease in Inventory |
-- |
-- |
0.000 |
0.000 |
0.000 |
|
Decrease in Sundry Debtors |
-- |
-- |
0.000 |
0.000 |
0.000 |
|
Others |
|
|
|
|
|
|
-
Expenses Payable |
0.015 |
-- |
-- |
-- |
-- |
|
-
Sundry Creditors |
-- |
0.000 |
-- |
0.000 |
-- |
|
|
|
|
|
|
|
|
TOTAL
SOURCES (A) |
5.625 |
1.425 |
1.410 |
1.400 |
1.350 |
|
|
|
|
|
|
|
|
B.
DISPOSITION OF FUNDS |
|
|
|
|
|
|
Purchases of Machinery |
4.000 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Increase
in Current Assets |
|
|
|
|
|
|
Inventories |
0.015 |
-- |
-- |
-- |
-- |
|
Others |
-- |
-- |
-- |
-- |
-- |
|
Sundry debtors |
0.110 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Decrease in Family Loans |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Decrease in Sundry Creditors |
-- |
-- |
-- |
-- |
-- |
|
Decrease in Term Loan from Bank |
0.600 |
0.600 |
0.600 |
0.600 |
0.600 |
|
Interests to Bank |
0.324 |
0.252 |
0.180 |
0.108 |
0.036 |
|
Reduction in current Liabilities |
-- |
-- |
-- |
-- |
-- |
|
Other Expenses |
|
|
|
|
|
|
-
Drawings |
0.150 |
0.150 |
0.150 |
0.175 |
0.200 |
|
-
Taxation |
0.020 |
0.025 |
0.035 |
0.050 |
0.050 |
|
|
|
|
|
|
|
|
Total
Disposition |
5.219 |
1.027 |
0.965 |
0.933 |
0.886 |
|
|
|
|
|
|
|
|
C. Opening Balance |
-- |
0.406 |
0.804 |
1.249 |
1.716 |
|
|
|
|
|
|
|
|
D. Net Surplus (A-B) |
0.406 |
0.398 |
0.445 |
0.467 |
0.464 |
|
|
|
|
|
|
|
|
Closing
Balance |
0.406 |
0.804 |
1.249 |
1.716 |
2.180 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENT
(RS.
IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
2013-14 |
2014-15 |
2015-16 |
|
|
|
|
|
|
|
|
A.
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials including Stores |
|
|
|
|
|
|
[a] Imported (Months Consumption) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
[b] Indigenous (1 Months Consumption) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other Consumable
Spares |
0.015 |
0.015 |
0.015 |
0.015 |
0.015 |
|
|
|
|
|
|
|
|
Stock in process
(7 days) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Finished Goods (7 days) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Receivable other
than export and deferred receivables [including bills purchased and
discounted by bankers] (1 Month’s
Domestic sales) |
0.110 |
0.110 |
0.110 |
0.110 |
0.110 |
|
|
|
|
|
|
|
|
Export receivables
[including bills purchased and discounted by bankers months export sales] |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Advances to suppliers of raw materials and
stores / spares consumable |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
0.125 |
0.125 |
0.125 |
0.125 |
0.125 |
|
|
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors for purchases of raw materials and
stores/ spares and consumable spares (1 month’s Credit Purchases) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Advances from customers |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Accrued Expenses |
0.015 |
0.015 |
0.015 |
0.015 |
0.015 |
|
|
|
|
|
|
|
|
Statutory liabilities |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Other Current Liability |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
0.015 |
0.015 |
0.015 |
0.015 |
0.015 |
|
|
|
|
|
|
|
|
Working Capital Gap |
0.110 |
0.110 |
0.110 |
0.110 |
0.110 |
|
|
|
|
|
|
|
|
Margin for Working Capital |
0.110 |
0.110 |
0.110 |
0.110 |
0.110 |
|
|
|
|
|
|
|
|
Bank Borrowings |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. RENU MAKKAR – PARTNER
NAME
OF THE CO-APPLICANT: MR. JATIN MAKKAR – PARTNER
NAME
OF THE GUARANTOR: MRS. SHWETA RANI
NAME
OF THE GUARANTOR: MRS. BANITA RANI
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Particulars |
Applicant |
Co-Applicant |
Guarantor |
Guarantor |
|
|
|
|
|
|
|
Address of the property with survey No./ Door No.
etc. |
202-E SBS Nagar,
Ludhiana, India |
-- |
Tajpur Road,
Ludhiana |
Tajpur Road,
Ludhiana |
|
|
|
|
|
|
|
Description: Land/ Site/ Building |
Building |
-- |
Plot of Land |
Plot of Land |
|
|
|
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
-- |
Freehold |
Freehold |
|
|
|
|
|
|
|
Type of Property Commercial/ Residential/ Agricultural |
Residential |
-- |
Commercial |
Commercial |
|
|
|
|
|
|
|
|
|
|
|
|
|
Area/ Extent of Land |
200 sq. yards (1/3rd
shares) |
-- |
527 sq. yard |
527 sq. yard |
|
|
|
|
|
|
|
Mortgaged for availing loan if any details
thereof |
Housing Loan |
-- |
-- |
-- |
|
|
|
|
|
|
|
Present Market / Assessed value |
Rs.2.000 Millions |
-- |
Rs.4.500 Millions |
Rs.4.500 Millions |
DEPOSIT
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Bank/ Company/ Whether deposits are
held |
Punjab National
Bank |
State Bank of
India |
-- |
-- |
|
|
|
|
|
|
|
Present Value of Deposits |
Rs.0.006 Million |
Rs.0.001 Million |
-- |
-- |
OTHER
ASSETS
|
Cash in Hand |
0.041 |
0.075 |
-- |
-- |
|
|
|
|
|
|
|
Jewellery |
0.450 |
0.240 |
-- |
-- |
|
|
|
|
|
|
|
Other Assets |
-- |
0.218 |
---- |
-- |
|
|
|
|
|
|
|
Total
Value of Other Assets |
Rs.0.491 Million |
Rs.0.533 Million |
-- |
-- |
|
TOTAL
ASSETS |
RS.2.497 MILLIONS |
RS.0.534 MILLION |
RS.4.500 MILLIONS |
RS.4.500 MILLIONS |
LIABILITIES
(FURNISH
LOAN AVAILED FROM BANKS/ FINANCIAL INSTITUTIONS AND OTHER BORROWINGS)
|
Name of the Bank/ Institution |
State Bank of
India |
-- |
-- |
-- |
|
|
|
|
|
|
|
Nature / Type of Loan |
House Loan |
-- |
-- |
-- |
|
|
|
|
|
|
|
Date of Loan |
March 2010 |
-- |
-- |
-- |
|
|
|
|
|
|
|
Amount of Loan availed |
Rs.0.350 Million
|
-- |
-- |
-- |
|
|
|
|
|
|
|
Security offered if any |
House Property |
-- |
-- |
-- |
|
|
|
|
|
|
|
Amount
outstanding |
Rs.0.350 Million |
-- |
-- |
-- |
|
NET
WORTH |
RS.2.147 MILLIONS |
RS.0.534 MILLION |
RS.4.500 MILLIONS |
RS.4.500 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT IN RESPECT OF IMMOVABLE PROPERTY
|
Date of Inspection |
29.04.2011 |
|
|
|
|
|
|
Name and address of the Valuer |
Er. Kanwaljit Singh Sobti, 2196, Phase – II, Urban Estate, Dugri,
Ludhiana. |
|
|
|
|
|
|
List of Documents handed over to the valuer by the branch |
Title deed No.18759 DT.05.03.2010 for 527 sq. yds and 18761
dt.05.03.2010 for 527 sq. yds. |
|
|
|
|
|
|
Details of enquiries made/visited to Govt. offices for arriving fair
market value. |
Property Dealers at Ludhiana. |
|
|
|
|
|
|
Sub-Registrar value/ guidance value/ Rate |
Rs.4000 sq. yds |
|
|
|
|
|
|
Fair Market Value of the property |
Rs.8.432 Millions |
|
|
|
|
|
|
Factors for determining its market value |
Marketability, Transferability, Physical Social, Scarcity Utility,
Size, Location, Sale instances and most important demand. |
|
|
|
|
|
|
Conservative value of the property |
Rs.6.746 Millions |
|
|
|
|
|
|
Distress value of the property |
Rs.5.902 Millions |
|
|
|
|
|
|
Present/ expected income from the property |
Open plot |
|
|
|
|
|
|
Property details |
(As per deed Mohalla Guru Teg Bahadar Nagar, Near Preet Nagar),
Mahaveer jain Colony, Tajpur Road, Ludhiana. |
|
|
|
|
|
|
Name(s) and address (es) of the owner (s) |
Mrs. Shweta Rani W/o Mr. Sanjeev Kumar and Mrs. Banita Rani W/o Mrs.
Manoj Kumar |
|
|
|
|
|
|
Brief description of the property (whether open land, house property
land area built up area, No. floor etc.) |
Open plot |
|
|
|
|
|
|
Dimension and
Direction of the Property |
As per deed No.1 |
Measuring |
|
North |
Neighbour |
59’-6” |
|
South |
Neighbour |
59’-0” |
|
East |
Neighbour |
80’-3” |
|
West |
Street 20’ wide |
79’-6” |
|
|
|
|
|
Dimension and
Direction of the Property |
As per deed No.2 |
Measuring |
|
North |
Neighbour |
59’-6” |
|
South |
Neighbour |
59’-0” |
|
East |
Neighbour |
80’-3” |
|
West |
Street 20’ wide |
79’-6” |
|
|
|
|
|
Dimension and
Direction of the Property |
As per Site |
Measuring |
|
North |
Open Plot |
59’-6” |
|
South |
Maharaja Dyeing |
59’-0” |
|
East |
Mahaveer Dyeing |
160’-6” |
|
West |
Street 20’ wide |
159’-0” |
|
|
|
|
|
Location of the property (Plot/ Door No., Survey No. etc.) |
Khasra No.69//25/4/4, 25/4/5, 25/4/6, 25/4/7, 68// 21/3/8, 21/19,
Khata No.879/1624, Jamabandi for the year 2000-2001, HB.No.161, Taraf
Karabara, Teh. And Distt. Ludhiana. |
|
|
|
|
|
|
Postal Address |
(As per deed Mohalla Guru Teg Bahadar Nagar, Near Preet Nagar),
Mahaveer Jam Colony, Tajpur Road, Ludhiana. |
|
|
|
|
|
|
Whether covered under corporation /Panchyat/ muncipality |
Under M.C. Limits. |
|
|
|
|
|
|
Is the land freehold |
Freehold |
|
|
|
|
|
|
Type of the property-whether |
|
|
|
Residential |
Open Plot |
|
|
|
|
|
|
Year of acquisition /purchase |
-- |
|
|
|
|
|
|
Whether the property is occupied by owner or tenant. If occupied by tenant
since how long he is staying and the amount of rent being paid. |
Open Plot |
|
|
|
|
|
|
Population Group : Metro /Urban/ Semi Urban /Rural |
Urban |
|
|
|
|
|
|
High /Middle /Poor Class |
Middle Class |
|
|
|
|
|
|
Residential/ Non Residential |
Open Plot |
|
|
|
|
|
|
Development of surrounding area |
Developed area |
|
|
|
|
|
|
Possibility of any threat to the property (loods, calamities etc.) |
NA |
|
|
|
|
|
|
Proximity of the civil amentias (like school, hospital, bus stop,
market etc.) |
Available |
|
|
|
|
|
|
Level of the land (plain, rock etc.) |
Plain Area |
|
|
|
|
|
|
Terrain of the land |
Plain Area |
|
|
|
|
|
|
Shape of the land (Square/ rectangle etc) |
Rectangular |
|
|
|
|
|
|
Type of use Lu which it can put (For construction of house, factory
etc.) |
Plot with demarcation. |
|
|
|
|
|
|
Any usage restrictions on the property |
No |
|
|
|
|
|
|
Whether the pot is under town planning approved layout? |
Yes |
|
|
|
|
|
|
Whether the plot is intermittent or corner? |
Intermittent |
|
|
|
|
|
|
Whether any road available (B.T./Cement road etc.) |
Tajpur Road |
|
|
|
|
|
|
Front width of the road? |
30’ |
|
|
|
|
|
|
Advantages of the site |
Inds. Area |
|
|
|
|
|
|
RENT DETAILS |
||
|
Is the Building owner occupied/ Tenant/ both |
Open Plot |
|
|
|
|
|
|
VALUATION OF PROPERTY PART – I (VALUATION OF LAND) |
||
|
Total area of the plot as per deed |
1054 sq. yds |
|
|
|
|
|
|
Prevailing market rate |
Rs.7500/- to Rs.8500/-per sq. yds |
|
|
|
|
|
|
Assessed / adopted rate of valuation |
Rs.8000./- per sq. yds. |
|
|
|
|
|
|
The conservative value of the land |
Rs.8.432 Millions |
|
|
|
|
|
|
PART – II (VALUATION OF BUILDING PROPERTY ) |
||
|
Technical details of the building |
||
|
|
|
|
|
Type of building (Residential/Commercial /industrial) |
Open Plot |
|
|
|
|
|
|
(SUMMARY OF THE LAND + BUILDING) |
||
|
Fair Market Value of the Property |
Rs.8.432 Millions |
|
|
|
|
|
|
Realisable Value |
Rs.6.746 Millions |
|
|
|
|
|
|
Forced Sale Value |
Rs.5.902 Millions |
|
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.87 |
|
|
1 |
Rs.72.83 |
|
Euro |
1 |
Rs.64.37 |
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.