MIRA
INFORM REPORT
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Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ROSHAN AND SONS |
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Registered
Office : |
M – 8/23, Ganga Vihar, K.D.A. Colony, Jajmau, Kanpur – 208010, Uttar Pradesh |
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Country : |
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Financials (as
on) : |
09.06.2011 |
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Date of
Incorporation : |
Not Available |
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
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Legal Form : |
Sole Proprietory Concern. |
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Line of Business
: |
Manufacturer of Ruled Papers. |
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No. of Employees
: |
5 (Office – 1 and Factory – 4) (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new concern in its field. 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 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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Kashif Siddiqui |
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Designation : |
Proprietor |
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Contact No.: |
91-9369634087 |
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Date : |
10.06.2011 |
LOCATIONS
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Registered Office : |
M – 8/23, Ganga Vihar, K.D.A. Colony, Jajmau, Kanpur – 208010, Uttar
Pradesh, India |
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Mobile No.: |
91-9369634087 (Mr. Kashif Siddiqui) |
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Location : |
Owned |
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Factory : |
680-C, Gajju Purwa, Jajmau, Kanpur, Uttar Pradesh, India |
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Location : |
Rented |
SOLE PROPRIETOR
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Name : |
Mr. Mohd. Kashif Siddiqui |
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Designation : |
Proprietor |
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Address : |
M-8/23, Ganga Vihar, K.D.A. Colony, Jajmau, Kanpur, Uttar Pradesh,
India |
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Date of Birth/Age : |
24 years |
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Qualification : |
Graduate Biotech |
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Experience : |
3 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Ruled Papers. |
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Terms : |
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Selling : |
Credit (30 days) |
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Purchasing : |
Cash |
PRODUCTION STATUS (AS ON 09.06.2011)
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Particulars |
Installed Capacity |
Actual Production |
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Ruled Papers |
450 MT P.a. at
50% |
450 MT P.a. at
50% |
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GENERAL INFORMATION
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Customers : |
Wholesalers |
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No. of Employees : |
5 (Office – 1 and Factory – 4) (Approximately) |
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Bankers : |
· Corporation Bank Swaroop Nagar, Kanpur, Uttar Pradesh, India |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
CAPITAL STRUCTURE
(AS ON 09.06.2011)
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Capital Investment : |
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Owned : |
Rs.1.000 Million |
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Borrowed : |
-- |
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Total : |
Rs.1.000 Million
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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
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SOURCES OF FUNDS |
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09.06.2011 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.000 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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1.000 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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1.000 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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1.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.000 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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0.000 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
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0.000 |
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Other Current Liabilities |
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0.000 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.000 |
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Net Current Assets |
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0.000 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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1.000 |
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KEY RATIOS
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PARTICULARS |
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09.06.2011 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.00 |
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Current Ratio (Current Asset/Current Liability) |
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0.00 |
LOCAL AGENCY FURTHER INFORMATION
STATEMENT OF ASSETS AND LIABILITIES OF
KASHIF SIDDIQUI -PROPRIETOR
AS ON 09-06-2011
(RS. IN MILLIONS)
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1. ASSETS |
Amount |
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A. Immovable |
NIL |
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B. Movable |
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Capital
Contribution in M/s Roshan and Sons |
1.000 |
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Furniture &
fixtures |
0.050 |
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Cash in Hand |
0.010 |
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TOTAL (1) |
1.060 |
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2. LIABILITIES |
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TOTAL (2) |
NIL |
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NET WORTH (1-2) |
RS.1.060 MILLION |
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STATEMENT OF ASSETS AND LIABILITIES OF ZAIMA KHATOON GAURANTOR
AS ON 09-06-2011
(RS. IN MILLIONS)
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1. ASSETS |
Amount |
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A. Immovable |
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Land and
Building at 680-C, Gajju Purwa, Jajmau, Kapur |
3.500 |
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B. Movable |
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Furniture and
Fixture |
0.120 |
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Cash in Hand |
0.025 |
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Jewellery |
0.250 |
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TOTAL (1) |
3.895 |
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2. LIABILITIES |
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TOTAL (2) |
NIL |
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NET WORTH (1-2) |
RS.3.895 MILLIONS |
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PROPERTY VALUATION REPORT
GENERAL
INFORMATION
PART
– I
|
Name of the Party Purchaser and Address |
Smt. Zaema Khatoon W/o Mohameed AsIam R/o:- 105/115, Chaman Ganj, Kanpur. |
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Name’s of the reported owner/ Name’s of persons in whose Name’s the
property registered and address |
Smt. Zaema Khatoon W/o Mohameed AsIam R/o:- 105/115, Chaman Ganj, Kanpur. |
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Purpose of Valuation |
To determine the fair Market value or equitable mortgage / collateral
security. |
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List of document produced for perusal |
Photocopy of Sale dated 01.08.1997. |
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Date of inspection |
14.03.2011 |
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Date of Valuation |
16.03.2011 |
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Approximate distance from the branch to the property |
5.0 kms. |
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Situation / Location/ Brief description of the land/ site and brief
description of the building |
The said property is an industrial building on a plot admeasuring
250.00 sq. yds. Or 209.00 sq. mt situated at House No.680-C, Gram –
Gajjupurwa, paragon and district – Kanpur. |
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Boundaries of the property |
North – Plot No.50 South – 60.00 ft. wide road East – 25.00 ft. wide road West – Plot No.52. |
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Property Tax details |
NA |
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Assuming the entire property is let out, the probable monthly rent and
advance building rent: |
Rs.10,000.00 per month |
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Whether the building plan has been approved? If yes, date of approval, approving authority, and whether the building
has been constructed as per the approved plan, if the reason for Non –
Approval |
Yes |
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VALUATION DETAILS PART – II A] LAND |
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The Total Area (Extent) of the site/ land |
209.00 sq. Mt. |
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Description of the site/ Land |
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Chartered of Locality |
Industrial |
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Classification |
Middle East |
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Development of Surrounding Area |
Fully Developed |
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Is the Locality subjected to frequent flooding |
No |
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Feasibility to the civic amenities like school, Hospital, office,
Markets etc. |
Near by |
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Shape of the Land |
Rectangular |
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Type of use to which it can put |
Industrial |
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Any Other Restriction of usage |
Yes, for Industrial use only |
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Nature of right, whether, leasehold / Freehold |
Freehold |
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Road Facility |
Available |
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Is it a corner plot |
No. |
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Water supply/ Potentiality |
Available |
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Underground sewerage system |
Connected to municipal sewer. |
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Any other sentimental / Social issue which may affect the value |
None |
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Prevailing Unit Market rate |
Rs.7,000.00 to 12,000.00 per sq. mt. |
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Unit rate adopted in this valuation (Rate as per market survey) |
Rs.12,000.00 per sq. mt. |
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Valuation of the site/ Land |
Rs.2.508 Millions |
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B] BUILDING |
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Type of Construction |
Load Bearing Structure |
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Quality of Constructions |
Ordinary |
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Appearance of the Building |
Ordinary |
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Numbers of floor |
One |
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Maintenance of the Building |
Good |
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Description of the Building |
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Foundation |
Stepped footing of Brick Masonry |
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Superstructure |
Load Bearing Brick Masonry Wall |
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Roof |
Asbestos roofing on angle iron truss |
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Doors |
Mild Steel |
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Windows |
Mild Steel |
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Sanitary fitting |
Complete |
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Flooring |
PCC |
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Electricity Supply |
Through K.E.S.A. |
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Total Plinth Area |
Ground Floor = 177.65 sq. Mt. |
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Year of Construction |
-- |
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Total Life of the Building estimated |
80 years |
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Replacement race of construction with the existing conditions and
specification |
Rs.4000.00 per sq. mt. |
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Replacement Value |
Rs.0.711 Million |
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Present Value of the Building |
Rs.0.711 Millions |
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C] TOTAL VALUATION |
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Valuation of the Land |
Rs.2.508 Millions |
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Valuation of the Building |
Rs.0.711 Millions |
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TRADE REFERENCE:
· Reema Enterprises,
Shukla Ganj, Unnao – 91-9621042275
· Maya Paper Industries
Akrampur, Unnao – 91-9807818092
· Sayeed Ahmed
88/68, Chaman Ganj, Kanpur – 91-9795119592
· Naseem Ahmad
253 A (1) Ompurwa, Kanpur – 91-9336012479
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.