MIRA
INFORM REPORT
|
Report Date : |
24.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
PREMIER ALLOYS LIMITED |
|
|
|
|
Registered
Office : |
Shiv Som Tower, 4th Floor, 1- The Mall, Kanpur – 208 001,
Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011
(Provisional) |
|
|
|
|
Date of
Incorporation : |
31.01.1995 |
|
|
|
|
Com. Reg. No.: |
20-17495 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.27.300
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113UP1995PLC017495 |
|
|
|
|
IEC No.: |
0605013349 Date: 08.08.2005 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPP01342F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP8238J |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
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|
|
|
Line of Business
: |
Manufacturer and Supplier of Pipes such as Casing Pipes, SWR Pipes, UPVC
Pipes, PVC Threaded Pipes, PVC Cable Ducts, CPVC Pipe, Cable Ducts, Flexible
Pipes, PVC Flexible Pipes and Plastic Sewer Pipe. |
|
|
|
|
No. of Employees
: |
271 (Approximately) (Office – 21 and Factory – 250) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject seems to be an established company in its field. Trade
relations are reported as fair. The networth statement provided is of the lesser
value than the proposal amount. No complaints have been heard from indirect
or market sources. It would be advisable to take adequate securities while dealing with
the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Arun Shrivastava |
|
Designation : |
General Manager (Finance and Taxation) |
|
Contact No.: |
91-9839086027 |
|
Date : |
21.06.2011 |
LOCATIONS
|
Registered/ Administrative Office : |
Shiv Som Tower, 4th Floor, 1- Kanpur – 208 001, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2360560 / 3268409 |
|
Mobile No.: |
91-9839086027 (Mr. Arun Shrivastava) |
|
Fax No.: |
91-512-2357463 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
B – 54 and 55, U.P.S.I.D.C. Industrial Area, Malwan, Fatehpur, |
|
Tel. No.: |
91-5181-248678 |
|
Area : |
27365.81 sq. mtr. |
DIRECTORS
(AS ON 27.09.2010)
|
Name : |
Mr. Ajay Kumar Jain |
|
Designation : |
Director |
|
Address : |
H – 1/ 9, Kidwai Nagar, |
|
Date of Birth/Age : |
25.10.1967 |
|
Qualification : |
M. Com |
|
Experience : |
21 years |
|
Date of Appointment : |
23.01.1995 |
|
|
|
|
Name : |
Mr. Amit Jain |
|
Designation : |
Director |
|
Address : |
H – 1/ 10, Kidwai Nagar, |
|
Date of Birth/Age : |
09.09.1971 |
|
Qualification : |
B. Com. |
|
Experience : |
16 years |
|
Date of Appointment : |
27.02.1996 |
|
|
|
|
Name : |
Mr. Arun Jain |
|
Designation : |
Director |
|
Address : |
H – 1/ 9, Kidwai Nagar, |
|
Date of Birth/Age : |
15.09.1973 |
|
Qualification : |
B. Com |
|
Experience : |
16 years |
|
Date of Appointment : |
23.01.1995 |
|
|
|
|
Name : |
Mr. Vinay Kumar Jain |
|
Designation : |
Director |
|
Address : |
H – 1/ 10, Kidwai Nagar, |
|
Date of Birth/Age : |
03.07.1969 |
|
Qualification : |
B. Com |
|
Experience : |
16 years |
|
Date of Appointment : |
01.11.2010 |
KEY EXECUTIVES
|
Name : |
Mr. Arun Shrivastava |
|
Designation : |
General Manager (Finance and Taxation) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.03.2011)
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Kumar Jain |
|
130100 |
|
Arun Kumar Jain |
|
65100 |
|
Vinay Kumar Jain |
|
77500 |
|
Amit Kumar Jain |
|
2500 |
|
P.K. Jain (Individual) |
|
109800 |
|
P.K. Jain (HUF) |
|
10000 |
|
Ragini Jain |
|
35000 |
|
Preeti Jain |
|
7500 |
|
Radhey Shyam Bansal |
|
5000 |
|
Angoori Devi Gupta |
|
5000 |
|
Vineet Bansal |
|
5000 |
|
Neena Rani |
|
3500 |
|
Manbhavatr Devi |
|
5000 |
|
Sandeep Kumar |
|
3000 |
|
Krishna Rani |
|
3500 |
|
Mahabir Securities Private Limited, India |
|
612500 |
|
Nem Chand Jain |
|
30000 |
|
Shanti Devi |
|
5000 |
|
Ratan Lal Bansal |
|
5000 |
|
Deepali Jain |
|
90000 |
|
Anubhav Agencies Private Limited, |
|
250000 |
|
Jain Overseas Private Limited, |
|
195000 |
|
Kulwant Plani, India |
|
30000 |
|
Tripoli Management Private Limited, |
|
150000 |
|
Navneet Agency Private Limited, |
|
100000 |
|
Digital Components Private Limited, |
|
100000 |
|
Sophia Exports Limited, |
|
120000 |
|
Soumya Consultants Limited, India |
|
150000 |
|
Ankur Marketing Limited, India |
|
40000 |
|
Nistha Traders Limited, India |
|
20000 |
|
Hind Agro Oil Limited, India |
|
40000 |
|
Infra Structure Development and Industrial Limited, India |
|
20000 |
|
Logic Infotech Limited, India |
|
20000 |
|
N. E. Electronics Limited, India |
|
20000 |
|
Conard Telefilm Limited, India |
|
20000 |
|
Emkey Commercial Company Limited, India |
|
200000 |
|
Balram Tie-Up Private Limited, India |
|
40000 |
|
Sitla Timber Private Limited, India |
|
5000 |
|
|
|
|
|
Total |
|
2730000 |
(AS ON 28.02.2011)
|
Names of Allottees |
|
No. of Shares
Allotted |
|
|
|
|
|
Mahabir Securities Private Limited, India |
|
80000 |
|
|
|
|
|
Total |
|
80000 |
(AS ON 30.09.2010)
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
76.32 |
|
Directors
or relatives of directors |
|
19.91 |
|
Other
top fifty shareholders |
|
3.77 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Pipes such as Casing Pipes, SWR Pipes,
UPVC Pipes, PVC Threaded Pipes, PVC Cable Ducts, CPVC Pipe, Cable Ducts,
Flexible Pipes, PVC Flexible Pipes and Plastic Sewer Pipe. |
|
|
|
|
Products : |
·
M.S. Bars |
|
|
|
|
Branch Name : |
“Premier” |
|
|
|
|
Terms : |
|
|
Selling : |
Credit “(60 days) |
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|
|
|
Purchasing : |
L/C, Credit (30 days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
M.S. Bars |
M.T. |
45000 |
25282.290 |
|
PVC Pipe |
M.T. |
2700 |
2048.650 |
|
|
|
|
|
GENERAL INFORMATION
|
Customers : |
Wholesalers |
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No. of Employees : |
271 (Approximately) (Office – 21 and Factory – 250) |
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Bankers : |
·
State Bank of Overseas Branch, 15/54-B, Virendra Smiriti Complex, Civil Lane, Kanpur
– 208001, Uttar Pradesh, India · ICICI Bank Limited · HDFC Bank Limited |
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Facilities : |
Note: 1. Term loan from HDFC Bank is secured by way of hypothecation of Truck bearing registration No. UP71-B-6175. 2. Term loan from ICICI Bank is secured by way of hypothecation of Car bearing registration No. UP78-BP-2177 3, Term Loan from HDFC Bank is secured by way of mortgage of Office premises situated at 4th Floor; Shiv Som Tower, The Mall, Kanpur and personal guarantees of all the Directors. 4. Term Loan and Working loan from State Bank of India is secured by way of first equitable mortgage of Land, Building by deposit of title deeds and first charge by way of hypothecation of all present and future moveable assets including Plant and Machinery, Furniture and Fixtures, Vehicles, Raw Materials, Stock-In-trade, Finished Goods, Consumable Stores, Book debts and personal guarantees of all the Director’s.
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Banking
Relations : |
-- |
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|
|
|
Financial Institution : |
·
Housing Development Finance Corporation Limited,
Ramon House, 169, Backbay Reclamation, H.T. Parekh Marg, Mumbai – 400 020, Maharashtra,
India ·
Rajasthan
Financial Corporation, Udhyog Bhawan, Tilak Marg, Jaipur, |
|
|
|
|
Auditors : |
|
|
Name : |
C. L. Kanodia and Company Chartered Accountants |
|
Address : |
58/53, Birhana Road, Kanpur – 208 001, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2377669 |
|
Email : |
|
|
|
|
|
Group Company : |
· Premier Ispat Limited Address: Shiv Som Tower, 4th Floor, The Mall, Kanpur, India Line of Business: Manufacturer of TMT Bars. · Premier Bars Private Limited 402, Nidhi Kamal Tower, 4th Floor, Ajmer Road, Jaipur, India Line of Business: Manufac turer of TMT Bars and M.S. Ingots. · Premier Metcast Private Limited Address: Shiv Som Tower, 4th Floor, The Mall, Kanpur, India Line of Business: Manufacturer of M.S. Ingots. · Premier Pipes Limited Address: Shiv Som Tower, 4th Floor, The Mall, Kanpur, India Line of Business: Manufacturer of Black and G. I. Pipes. |
CAPITAL STRUCTURE
(AS ON 31.03.2011 – PROVISIONAL)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2800000 |
Equity Shares |
Rs.10/- each |
Rs.28.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2730000 |
Equity Shares |
Rs.10/- each |
Rs.27.300
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
27.300 |
26.500 |
23.950 |
21.500 |
|
|
2] Share Application Money |
0.000 |
0000 |
0.000 |
2.000 |
|
|
3] Reserves & Surplus |
34.081 |
27.131 |
23.283 |
16.920 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
61.381 |
53.631 |
47.233 |
40.420 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
79.160 |
82.254 |
59.659 |
74.449 |
|
|
2] Unsecured Loans |
19.047 |
36.108 |
9.060 |
11.207 |
|
|
TOTAL BORROWING |
98.207 |
118.362 |
68.719 |
85.656 |
|
|
DEFERRED TAX LIABILITIES |
1.745 |
1.745 |
1.792 |
1.525 |
|
|
|
|
|
|
|
|
|
TOTAL |
161.333 |
173.738 |
117.744 |
127.601 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
44.401 |
37.544 |
40.578 |
25.004 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
57.904
|
61.991
|
59.929
|
42.050 |
|
|
Sundry Debtors |
135.545
|
100.238
|
97.470
|
93.375 |
|
|
Cash & Bank Balances |
6.310
|
37.714
|
5.946
|
13.423 |
|
|
Other Current Assets |
2.543
|
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
31.851
|
31.679
|
39.873
|
35.522 |
|
Total
Current Assets |
234.153
|
231.622
|
203.218
|
184.370 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
37.587
|
85.080
|
111.843
|
73.181 |
|
|
Other Current Liabilities |
79.634
|
7.773
|
11.548
|
6.906 |
|
|
Provisions |
0.000
|
2.575
|
2.661
|
1.686 |
|
Total
Current Liabilities |
117.221
|
95.428
|
126.052
|
81.773 |
|
|
Net Current Assets |
116.932
|
136.194
|
77.166
|
102.597 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
161.333 |
173.738 |
117.744 |
127.601 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
914.420 |
861.445 |
889.105 |
697.918 |
|
|
|
Other Income |
52.731 |
51.116 |
56.874 |
49.953 |
|
|
|
TOTAL (A) |
967.151 |
912.561 |
945.979 |
747.871 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Raw Material Consumed |
|
688.973 |
747.264 |
563.595 |
|
|
|
Purchases |
|
14.297 |
0.000 |
14.966 |
|
|
|
Excise Duty |
|
63.327 |
97.164 |
92.918 |
|
|
|
Manufacturing and Other Expenses |
946.900 |
120.197 |
92.499 |
75.243 |
|
|
|
Director’s Remuneration |
|
0.000 |
0.000 |
0.000 |
|
|
|
Increase/ Decrease in stock |
|
4.045 |
(8.960) |
(12.060) |
|
|
|
TOTAL (B) |
946.900 |
890.839 |
927.967 |
734.662 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
20.251 |
21.722 |
18.012 |
13.209 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.535 |
11.801 |
11.384 |
7.436 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.716 |
9.921 |
6.628 |
5.773 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.100 |
4.974 |
3.074 |
3.002 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.616 |
4.947 |
3.554 |
2.771 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.866 |
1.553 |
1.241 |
2.182 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.750 |
3.394 |
2.313 |
1.830 |
|
|
|
|
|
|
|
|
|
|
|
INCOME TAX FOR
EARLIER YEAR SET OFF |
NA |
0.005 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
10.807 |
8.494 |
6.664 |
|
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
14.206 |
10.807 |
8.494 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
1.28 |
0.97 |
0.85 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.39
|
0.37
|
0.24
|
0.24 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.61
|
0.57
|
0.40
|
0.40 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.02
|
1.84
|
1.46
|
1.32 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.09
|
0.08
|
0.07 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.51
|
3.99
|
4.12
|
4.14 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
2.43
|
1.61
|
2.25 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
|
|
PROJECTED |
|
|
Gross Sales |
|
|
|
Domestic Sales |
942.000 |
987.500 |
|
Export Sales |
0.000 |
0.000 |
|
Other Operating/ Revenue Income |
50.000 |
50.000 |
|
|
|
|
|
Total |
992.000 |
1037.500 |
|
|
|
|
|
Less : Excise Duty |
84.000 |
88.000 |
|
Less: VAT/ Sales Tax |
45.000 |
47.000 |
|
|
|
|
|
Net Sales |
863.000 |
902.500 |
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
3.02 |
4.83 |
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
|
-
Imported |
0.000 |
0.000 |
|
-
Indigenous |
768.000 |
790.000 |
|
|
|
|
|
Others Stores and Spares |
|
|
|
-
Imported |
0.000 |
0.000 |
|
-
Indigenous |
5.300 |
5.300 |
|
|
|
|
|
Power and Fuel |
63.500 |
64.000 |
|
Direct Labour (Factory Wages and salaries) |
5.500 |
6.000 |
|
Other Manufacturing Expenses |
3.200 |
3.200 |
|
Depreciation |
4.650 |
4.500 |
|
|
|
|
|
Sub
Total |
850.150 |
873.000 |
|
|
|
|
|
Add: Opening Stock-In-Process |
0.000 |
0.000 |
|
|
|
|
|
Sub
Total |
850.150 |
873.000 |
|
|
|
|
|
Less: Closing Stock-In-Process |
0.000 |
0.000 |
|
|
|
|
|
Cost
of Production |
850.150 |
873.000 |
|
|
|
|
|
Add: Opening Stock of Finished Goods |
26.709 |
42.500 |
|
|
|
|
|
Total |
876.859 |
915.500 |
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
42.500 |
42.500 |
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
834.359 |
873.000 |
|
|
|
|
|
Selling, General and Administrative Expenses |
8.100 |
8.200 |
|
|
|
|
|
Sub
Total |
842.459 |
881.200 |
|
|
|
|
|
Operating Profit before interests |
20.541 |
21.300 |
|
|
|
|
|
Interests |
14.400 |
14.200 |
|
|
|
|
|
Operating Profit After Interests |
6.141 |
7.100 |
|
|
|
|
|
Other Non Operating Income |
1.000 |
1.000 |
|
Other Non Operating Expenses |
0.000 |
0.000 |
|
|
|
|
|
Net
of Non-operating Income and Expenses |
1.000 |
1.000 |
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
7.141 |
8.100 |
|
|
|
|
|
Provision for taxes |
2.372 |
2.691 |
|
|
|
|
|
Net
Profit / Loss [PAT] |
0.000 |
0.000 |
|
|
|
|
|
Retained Profit |
4.769 |
5.409 |
|
|
|
|
|
Retained profit/ Net Profit % age |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
|
|
PROJECTED |
|
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
i. From Application Bank |
127.000 |
127.000 |
|
ii. From Other Banks |
0.000 |
0.000 |
|
iii. Of which BP and BD |
64.500 |
64.500 |
|
|
|
|
|
SUB TOTAL(A)
|
127.000 |
127.000 |
|
|
|
|
|
Short Term Borrowings From Others |
0.000 |
0.000 |
|
Sundry Creditors (Trader) |
27.000 |
28.000 |
|
Advances Payment from customers |
19.000 |
19.000 |
|
Provision For Taxes |
0.000 |
0.000 |
|
Creditor for Expenses |
0.000 |
0.000 |
|
Dividend Payable |
0.000 |
0.000 |
|
Other Statutory Liabilities (due within one years) |
0.000 |
0.000 |
|
Installments of term loans and Deferred Payment Credits |
0.000 |
0.000 |
|
Other current Liabilities and Provisions (due within one
years) |
7.700 |
7.800 |
|
|
|
|
|
SUB
TOTAL (B) |
53.700 |
54.800 |
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
180.700 |
181.800 |
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
|
Term Loans |
9.300 |
6.000 |
|
Deferred Payment Credits |
8.500 |
5.000 |
|
Vehicles Loan |
0.320 |
0.175 |
|
Term Loan HDFC Limited (Repayable after one year) |
1.500 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Term Deposit |
0.000 |
0.000 |
|
Deferred Tax Liability |
0.000 |
0.000 |
|
Other Term Liabilities |
19.000 |
19.000 |
|
|
|
|
|
TOTAL
TERM LIABILITIES |
38.620 |
30.175 |
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
219.320 |
211.975 |
|
|
|
|
|
NET
WORTH |
|
|
|
Ordinary Shares Capital |
37.300 |
37.300 |
|
Deferred Tax Liabilities |
1.745 |
1.745 |
|
Share Application Money |
0.000 |
0.000 |
|
Other Reserve (Excluding Provision) |
0.426 |
0.426 |
|
Revolution Reserve |
0.000 |
0.000 |
|
Reserves and Surplus |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Share Premium Account |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
22.724 |
28.133 |
|
Share Premium |
15.700 |
15.700 |
|
|
|
|
|
TOTAL
NET WORTH |
77.895 |
83.304 |
|
|
|
|
|
TOTAL
LIABILITIES |
297.215 |
295.279 |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
Cash and Bank Balance |
1.116 |
1.085 |
|
Investments [Other than long term investments] |
5.800 |
5.800 |
|
Receivables other than deferred and exports |
137.000 |
140.000 |
|
Export receivables |
0.000 |
0.000 |
|
Installments of deferred receivable |
0.000 |
0.000 |
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
Raw Materials |
|
|
|
- Imported |
0.000 |
0.000 |
|
- Indigenous |
43.000 |
43.000 |
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
|
Finished Goods |
42.500 |
42.500 |
|
Other Consumable Spares |
15.000 |
15.000 |
|
Advances to suppliers |
2.500 |
2.000 |
|
Advance Payment of Taxes |
5.200 |
5.200 |
|
Other Current Assets |
2.400 |
2.500 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
254.516 |
257.085 |
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
87.247 |
87.247 |
|
Depreciation to date |
47.096 |
51.596 |
|
|
|
|
|
NET
BLOCK |
40.151 |
35.651 |
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
Investments in sub |
2.543 |
2.543 |
|
Advances to suppliers of Capital goods and contractors |
0.000 |
0.000 |
|
Investment in Others |
0.000 |
0.000 |
|
Other Non-Current Investment |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
2.543 |
2.543 |
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
ASSETS |
297.210 |
295.279 |
|
|
|
|
|
Tangible Net Worth |
0.000 |
0.000 |
|
|
|
|
|
Net
Working Capital |
73.816 |
75.285 |
|
|
|
|
|
Current Ratio |
1.41 |
1.41 |
|
|
|
|
|
TNW
(Excluding Loan from friends) |
76.150 |
81.559 |
|
|
|
|
|
Adj. TNW (Including Loan from Friends) |
77.895 |
83.304 |
|
|
|
|
|
TOL/ TNW |
2.90 |
2.62 |
|
|
|
|
|
TOL/ Adj. TNW |
2.82 |
2.54 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
|
|
PROJECTED |
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
A CURRENT ASSETS |
|
|
|
Raw Materials |
|
|
|
[a] Imported |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
|
[b] Indigenous |
43.000 |
43.000 |
|
Months Consumption |
0.7 |
0.7 |
|
|
|
|
|
Other consumable spares |
|
|
|
Excluding those included 1 above |
|
|
|
[a] Imported |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
|
[b] Indigenous |
15.000 |
15.000 |
|
Months Consumption |
0.000 |
0.000 |
|
|
|
|
|
Stock in process |
0.000 |
0.000 |
|
Months cost of production |
0.000 |
0.000 |
|
|
|
|
|
Finished goods |
42.500 |
42.500 |
|
Months cost of sales |
0.6 |
0.6 |
|
|
|
|
|
Receivable other than export and deferred receivables
[including bills purchased and discounted by bankers] |
137.000 |
140.000 |
|
Months domestic sales |
0.000 |
0.000 |
|
[excluding deferred payment sales] |
|
|
|
|
|
|
|
Export receivables [including bills purchased
and discounted by bankers] |
137.000 |
140.000 |
|
(Months Export Sales) |
1.7 |
1.6 |
|
|
|
|
|
Advance to suppliers (RM and Stores) |
0.000 |
0.000 |
|
|
|
|
|
Sundry Creditors |
27.000 |
28.000 |
|
|
0.4 |
0.4 |
|
|
|
|
|
Other Creditors |
26.700 |
26.800 |
|
|
|
|
|
Other current Assets Including cash and bank
Balance and Deffered receivable |
17.016 |
16.585 |
------------------------------------------------------------------------------------------------------------------------------
ABF
ASSESSMENT
(RS.
IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
|
|
PROJECTED |
|
|
|
|
|
|
Total CA |
254.516 |
257.085 |
|
|
|
|
|
Other CL (Except Bank Borrowing) |
53.700 |
54.800 |
|
|
|
|
|
Working Capital Cap |
200.816 |
202.285 |
|
|
|
|
|
Net working capital (Actual/ Projected) |
73.816 |
75.285 |
|
|
|
|
|
Assessed Bank Finance |
127.000 |
127.000 |
|
|
|
|
|
NWC to TCA (%) |
29.00 |
29.28 |
|
|
|
|
|
Bank Finance to TCA % |
49.90 |
49.40 |
|
|
|
|
|
Sundry Creditors to TCA (%) |
10.61 |
10.89 |
|
|
|
|
|
Other CL to TCA (%) |
10.49 |
10.42 |
|
|
|
|
|
Inv. To Net Sales (days) |
42.51 |
40.65 |
|
|
|
|
|
Rec. to Gross sales (days) |
50.41 |
49.25 |
|
|
|
|
|
Sundry Creditors to Purchases (days) |
12.83 |
12.94 |
|
NWC to TCA (%) |
29.00 |
29.28 |
|
|
|
|
|
Bank Finance to TCA % |
49.90 |
49.40 |
|
|
|
|
|
Other Closing to TCA (%) |
21.10 |
21.32 |
|
|
|
|
|
Check Total |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
|
|
PROJECTED |
|
|
SOURCES |
|
|
|
|
|
|
|
Net profit After Tax |
4.769 |
5.409 |
|
|
|
|
|
Depreciation |
4.250 |
4.500 |
|
|
|
|
|
Increase in Capital |
10.000 |
0.000 |
|
|
|
|
|
Increase in Term Liability |
0.000 |
0.000 |
|
|
|
|
|
Decrease in |
|
|
|
-
Fixed Assets |
0.000 |
0.000 |
|
-
Other Non Current Assets |
0.000 |
0.000 |
|
|
|
|
|
Others |
0.000 |
0.000 |
|
|
|
|
|
TOTAL SOURCES |
19.019 |
9.909 |
|
|
|
|
|
USES |
|
|
|
|
|
|
|
Net Loss |
0.000 |
0.000 |
|
|
|
|
|
Decrease in Term Liability |
7.805 |
8.445 |
|
|
|
|
|
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 |
0.000 |
0.000 |
|
|
|
|
|
TOTAL USES |
7.805 |
8.445 |
|
|
|
|
|
Long Term Surplus (+) Deficit (-) |
11.214 |
1.464 |
|
|
|
|
|
Increase/ Decrease in current Assets (as per details Given Below) |
22.906 |
2.569 |
|
|
|
|
|
Increase/ decrease in current Liabilities other Than Bank Borrowing |
(52.303) |
1.100 |
|
|
|
|
|
Increase/ decrease Working Capital Gap |
75.209 |
1.469 |
|
|
|
|
|
Net surplus (+)/ Deficit (-) |
(63.995) |
(0.005) |
|
|
|
|
|
Increase/ (Decrease) in Bank Borrowings |
64.000 |
0.000 |
|
|
||
|
Long term Sources |
19.019 |
9.909 |
|
|
|
|
|
Long Term Uses |
7.805 |
8.445 |
|
|
|
|
|
Surplus / Deficit |
11.214 |
1.464 |
MOVEMENT OF INW
(RS.
IN MILLIONS)
|
Particulars
|
2011-12 |
2012-13 |
|
|
PROJECTED |
|
|
|
|
|
|
Opening Balance |
61.381 |
76.150 |
|
|
|
|
|
Add: |
|
|
|
Profit/(-) Loss After Tax |
4.769 |
5.409 |
|
Increase in Capital |
10.000 |
0.000 |
|
Decrease/ (-) Inc. in Intangible Assets |
0.000 |
0.000 |
|
Other |
0.000 |
0.000 |
|
|
|
|
|
Less: |
|
|
|
Div. Paid (Including Div. Tax)/
Withdrawals |
0.000 |
0.000 |
|
|
|
|
|
TNW |
76.150 |
81.559 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR. VINAY KUMAR JAIN
(RS.
IN MILLIONS)
DETAILS
OF IMMOVABLE PROPERTIES
|
Place
Where Lands or Buildings is are situated
|
Ancestral or Self acquired/ belonging in
individual name in Joint Name (If ancestral/ in Joint names Specify share
thereof) |
Extent of Land in acres |
Market Value (Rs. In millions) |
|
|
|
|
|
|
Place : Kanpur Village Taluka Police Station: Kanpur Registration Sub-District: Kanpur Survey No. Plot No. H-1/9 Door No. Name of the Street: Kidwai Nagar Mouza Khatian No. Bounded By North: 120 ft. Road South: Plot No. H-1/8 East: Plot No. H-1/10 West: Plot no. H-1/8 |
25% Shares of
Each Mr. Vinay Kumar
Jain Mr. Ajay Kumar
Jain Mr. Amit Kumar
Jain Mr. Arun Kumar
Jain |
356 sq. yards |
Rs.4.235
Millions Yards as per Bank Valuation 25% Shares Rs.1.059 Million
|
LIQUID
ASSETS
|
Particulars
|
Amount (Rs. In Millions) |
|
|
|
|
Cash |
0.056 |
|
Bank Balance |
0.056 |
|
|
|
|
Government Securities - PPF |
Rs.0.579 Million |
|
|
|
|
Shares |
Rs.3.829
Millions |
|
|
|
|
Life Insurance Policies |
-- |
|
|
|
|
Jewellery |
Rs.0.055 Million
|
|
|
|
|
Investment in Business In Associates Firm is Any |
Rs.0.430 Million
|
|
|
|
|
Income per Month |
Rs.0.045 Million
p.m. |
|
|
|
|
|
|
|
Liabilities |
NIL |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR. AJAY KUMAR JAIN
(RS.
IN MILLIONS)
DETAILS
OF IMMOVABLE PROPERTIES
|
Place
Where Lands or Buildings is are situated
|
Ancestral or Self acquired/ belonging in
individual name in Joint Name (If ancestral/ in Joint names Specify share
thereof) |
Extent of Land in acres |
Market Value (Rs. In millions) |
|
|
|
|
|
|
Place : Kanpur Village Taluka Police Station: Kanpur Registration Sub-District: Kanpur Survey No. Plot No. H-1/9 Door No. Name of the Street: Kidwai Nagar Mouza Khatian No. Bounded By North: 120 ft. Road South: Plot No. H-1/8 East: Plot No. H-1/10 West: Plot no. H-1/8 |
25% Shares of
Each Mr. Ajay Kumar
Jain Mr. Vinay Kumar
Jain Mr. Amit Kumar
Jain Mr. Arun Kumar
Jain |
356 sq. yards |
Rs.4.235
Millions Yards as per Bank Valuation 25% Shares Rs.1.059 Million
|
LIQUID
ASSETS
|
Particulars
|
Amount (Rs. In Millions) |
|
|
|
|
Cash |
0.028 |
|
Bank Balance |
0.202 |
|
|
|
|
Government Securities - PPF |
Rs.0.813 Million |
|
|
|
|
Shares |
Rs.5.962
Millions |
|
|
|
|
Life Insurance Policies |
-- |
|
|
|
|
Jewellery |
Rs.0.496 Million
|
|
|
|
|
Investment in Business In Associates Firm is Any |
Rs.0.304 Million
|
|
|
|
|
Income per Month |
Rs.0.070 Million
p.m. |
|
|
|
|
|
|
|
Liabilities |
NIL |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR. AMIT KUMAR JAIN
(RS.
IN MILLIONS)
DETAILS
OF IMMOVABLE PROPERTIES
|
Place
Where Lands or Buildings is are situated
|
Ancestral or Self acquired/ belonging in
individual name in Joint Name (If ancestral/ in Joint names Specify share
thereof) |
Extent of Land in acres |
Market Value (Rs. In millions) |
|
|
|
|
|
|
Place : Kanpur Village Taluka Police Station: Kanpur Registration Sub-District: Kanpur Survey No. Plot No. H-1/9 Door No. Name of the Street: Kidwai Nagar Mouza Khatian No. Bounded By North: 120 ft. Road South: Plot No. H-1/8 East: Plot No. H-1/10 West: Plot no. H-1/8 |
25% Shares of
Each Mr. Amit Kumar
Jain Mr. Ajay Kumar
Jain Mr. Vinay Kumar
Jain Mr. Arun Kumar
Jain |
356 sq. yards |
Rs.4.235
Millions Yards as per Bank Valuation 25% Shares Rs.1.059 Million
|
LIQUID
ASSETS
|
Particulars
|
Amount (Rs. In Millions) |
|
|
|
|
Cash |
0.039 |
|
Bank Balance |
0.062 |
|
|
|
|
Government Securities - PPF |
Rs.0.594 Million |
|
|
|
|
Shares |
Rs.2.089
Millions |
|
|
|
|
Life Insurance Policies |
-- |
|
|
|
|
Jewellery |
Rs.0.676 Million
|
|
|
|
|
Investment in Business In Associates Firm is Any |
Rs.1.595
Millions |
|
|
|
|
Income per Month |
Rs.0.070 Million
p.m. |
|
|
|
|
|
|
|
Liabilities |
NIL |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR. ARUN KUMAR JAIN
(RS.
IN MILLIONS)
DETAILS
OF IMMOVABLE PROPERTIES
|
Place
Where Lands or Buildings is are situated
|
Ancestral or Self acquired/ belonging in
individual name in Joint Name (If ancestral/ in Joint names Specify share
thereof) |
Extent of Land in acres |
Market Value (Rs. In millions) |
|
|
|
|
|
|
Place : Kanpur Village Taluka Police Station: Kanpur Registration Sub-District: Kanpur Survey No. Plot No. H-1/9 Door No. Name of the Street: Kidwai Nagar Mouza Khatian No. Bounded By North: 120 ft. Road South: Plot No. H-1/8 East: Plot No. H-1/10 West: Plot no. H-1/8 |
25% Shares of
Each Mr. Arun Kumar
Jain Mr. Ajay Kumar
Jain Mr. Vinay Kumar
Jain Mr. Amit Kumar
Jain |
356 sq. yards |
Rs.4.235
Millions Yards as per Bank Valuation 25% Shares Rs.1.059 Million
|
LIQUID
ASSETS
|
Particulars
|
Amount (Rs. In Millions) |
|
|
|
|
Cash |
0.041 |
|
Bank Balance |
0.062 |
|
|
|
|
Government Securities - PPF |
Rs.0.616 Million |
|
|
|
|
Shares |
Rs.3.741Millions
|
|
|
|
|
Life Insurance Policies |
-- |
|
|
|
|
Jewellery |
Rs.0.726 Million
|
|
|
|
|
Investment in Business In Associates Firm is Any |
Rs.1.138
Millions |
|
|
|
|
Income per Month |
Rs.0.070 Million
p.m. |
|
|
|
|
|
|
|
Liabilities |
NIL |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
PART – I (QUESTIONNAIRES)
GENERAL INFORMATION
|
Purpose for which Valuation is made |
To determine fair market value for
collateral security. |
|
|
|
|
Date on which Valuation is made |
24.03.2010 |
|
|
|
|
Name of the owner/ Owners |
M/s. Premier Alloys Limited |
|
|
|
|
Directors |
Mr. Ajay Jain, Vijay Jain, Amit Jain and Arun
Jain all S/o Mr. P K Jain R/o H-1/9, Kidwai Nagar, Kanpur. |
|
|
|
|
If the property is under joint—ownership/
co-ownership share of each such owner, Are the share undivided? |
Owned by above Company |
|
|
|
|
Brief description of the property |
Rolling Mill Building |
|
|
|
|
Location, Street, Ward No. |
Plot No. B-54, B-55, and B-56, UPSIDC
Malwan Area, Malwan Fatehpur (Uttar Pradesh), India |
|
|
|
|
Survey/ Plot No. of Land |
Plot No. B-54, B-55, and B-56, UPSIDC Malwan
Area, Malwan Fatehpur (Uttar Pradesh), India |
|
|
|
|
Is the property situated in residential/
commercial/ Mixed area/ Industrial area? |
Industrial Area |
|
|
|
|
Classification of locality: High Class/
Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity to civil amenities, like
schools, hospitals, offices, market, cinemas etc. |
All Available within 2 km radius |
|
|
|
|
Means and proximity to surface
communication by which the locality is served. |
G. T.
Road |
|
|
|
|
LAND
|
|
|
Area of land supported by documentary
proof, |
16, 175.81 Sq. Mtr. or 1.618 Hectare. |
|
|
|
|
Shape Dimensions and physical features. |
Rectangular |
|
|
|
|
Roads. Streets or lanes on which land is
abutting. |
Express Road |
|
|
|
|
Is it free hold or lease hold land? |
Leasehold |
|
|
|
|
If lease hold, the name of the
lessor’/ lessee, nature of lease,
dates of commencement and terms of renewal of lease |
NA |
|
|
|
|
IMPROVEMENTS |
|
|
Is the building owner-occupied/ tenanted/ both? |
Owner occupied |
|
|
|
|
SALES
|
|
|
Give instance of sale of immovable property
in the locality on a separate sheet including the name and address of the
property, registration No., |
No such similar sale evidence in available
in the vicinity |
|
|
|
|
Land rate adopted in this valuation. |
@ Rs.500/- per Sq. Mtr. |
|
|
|
|
ls sale instances are not available or not
relied upon, the basis of arriving at the land rate. |
As per prevailing Market Rate |
|
|
|
|
COST
OF CONSTRUCTION |
|
|
|
|
|
Year of commencement of construction and
year of completion. |
14 Years Before |
TECHNICAL DETAILS
|
Year of construction |
14 Years Before |
|
|
|
|
Estimated future life. |
46 years |
|
|
|
|
Type of construction load bearing wall/
RCC frames/ Steel Frame. |
Load bearing / M. Steel Structure
structure |
|
|
|
|
Type of Foundations |
Open Trench |
|
|
|
|
Walls: (a) Plinth (b) Ground Floor (c) Superstructure above ground floor |
14”th 9“th 9”th. |
|
|
|
|
Partitions |
4 ˝” |
|
|
|
|
Doors and Windows (Floor wise): (a) Ground Floor (b) First Floor (c) Second Floor |
M.S./ Wood work M.S./ Wood work -- |
|
|
|
|
Flooring work (Floor wise): (a) Ground Floor (b) First Floor (c) Second Floor |
PCC flooring PCC flooring -- |
|
|
|
|
Finishing Work (Floor wise): (a) Ground Floor (h) First Floor (c) Second Floor |
Plastered Plastered -- |
|
|
|
|
Rooting and Terracing |
RCC/ CGI/ ACC Slabed |
|
|
|
|
Special architectural or decorative
features, it any |
Ordinary |
|
|
|
|
Electrification work Internal wiring. Surface or Conduit Class of fitting - Superior/ Ordinary/
Poor |
Surface Ordinary |
|
|
|
|
Sanitary Installation: No. of Water Closets. |
02 Nos. |
|
|
|
|
Class of fitting |
Superior class |
|
|
|
|
Compound Wall Height and Length Type of construction |
8’6” ht, 550.20 Rmt. Brick Masonary wall |
|
|
|
|
Pumps nos. and their H. P. |
Deep Borewell 4” Dia |
|
|
|
|
Sewage Disposal-whether connected to:
public sewers. If septic tanks provided No and capacity. |
Septic Tank |
|
|
|
|
Any further information. |
The industrial is situated on G T Road. |
|
|
|
|
PART – II VALUATION TO DETERMINE FAIR MARKET VALUE FOR COLLATERAL
SECURITY TO MORTGAGE THE PROPERTY OF M/S. PREMIER ALLOYS
LIMITED PLOT NO. B-54, B-55 and B-56 MALWAN INDUSTRIAL
AREA, BINDKI ROAD, DISTRICT FATEHPUR (U.P.), ENDING AS ON
24.03.2010. |
|
|
Director : |
Mr. Ajay Kumar Jain S/o. P. K. Jain R/O Plot No.H-1/9, Kidwai Nagar, Kanpur |
|
|
|
|
The said
industry is manufacturing of structural section of M.S, Bars and wires. The area is
industrial area and land is UPSIDC Land. The boundary are
as under: |
|
|
On North On South On East On West |
Road No.8 l. A. Boundary Plot No. B-57 Plot No. B-53 |
|
|
|
|
The Land area is supported by documentary proof. The details are given
below:- Plot No. B-54 = 5,682.40 sq. mtr. Plot No. B-55 = 5,522.41 sq. mtr. Plot No. B-56 = 4,971.00 sq. mtr. Total Land Area
= 16,175.81 Sq. Mtr. pr 1.618 Hectare. |
|
|
The
valuation is given as under: A.
VALUE OF LAND: Area of Plot: 16,175.81 Sq. Mtr. or 1.618
Hectare Value @Rs.500/- per Sq. Mtr.= Rs.8.088
Millions Adopted land rate is Prevailing Market
rate and UPSIDC Rate. Circle rate @ Rs.20000/- per Sq. Mtr. |
|
|
B.
VALUE OF BUILDING STRUCTURE 1]
BUILDING First
Class Building structure: Load bearing structure, RCC slabed, PCC
flooring, walls and ceiling plastered,
water supply, sanitary and electrical fitting have been provided, M.S.
frames and plywood shutters in doors and windows, Ceiling ht. 3 Mtrs. Plinth
area details of the building are as follows: |
|
|
1. Double Storey Office Block, Director
room with staff, Office, staff room, canteen etc. Built-up area: 2 x 27.0 x 5.50 Mtr. |
297.00 Sq. Mtr. |
|
|
|
|
2. Double storey staff Quarters colony. Built-up area: 2 x 21.15 x 6.45 Mtr, |
272.83 Sq. Mtr. |
|
|
|
|
3. Store: 1 x 13.25 x 6.80 Mtr. |
90.10 Sq. Mtr. |
|
|
|
|
4. Laboratory: 1 x 8.55 x 3.95 Mtr. |
33.77 Sq. Mtr. |
|
|
|
|
5. Weigh Bridge Building.: 1x 9.20 x 3.50
Mtr. |
32.20 Sq. Mtr. |
|
|
|
|
6. Guard’s room: 1 x 3.90 x 3.40 Mtr. |
13.26 Sq. Mtr. |
|
|
|
|
7. Staff Quarters: 1 x 16.80 x 4.1 5 Mtr. |
69.72 Sq. Mtr. |
|
|
|
|
Total
|
808.88 Sq. Mtr. |
|
|
|
|
Reproduction
Cost @ Rs.5000/- per Sq. Mtr. |
Rs.4.044 Millions |
|
|
|
|
Second
Class Building Structure (Labour
Quarters): Load bearing
structure, RCC slabed, PCC/ Brick flooring, Without plaster, M.S. Doors and
Windows, Ceiling ht. 3 Mtrs. Plinth area details of the building are as
follows:- 8. Double storey Labour quarters, without plaster. |
|
|
Built-up area: 2 x 32.95 x 7.60 Mtr. @ Rs.3500/- per Sq. mtr. |
= 500.84 Sq. Mtr. = Rs.1.753 Millions |
|
|
|
|
2]
FACTORY SHEDS AND EOT CRANE: 1. Main sheds of rolling mill on heavy
steel columns and tublar trusses, 23’+27’/2 with ACC sheeting. |
|
|
Built-tip area: 81.90 x 36.50 Mtr. @ R.s.3750/- per Sq. Mtr. |
= 2989.35 Sq. Mtr. = Rs.11.210 Millions |
|
2. Open Area and Steel track for operation
of 10 ton EOT Crane. |
|
|
|
|
|
Track Length: 2 x 42.0 = 84 Mtr. @ 52:
Kg./M. @ Rs.38/- per Kg. |
= 4368.00 Kg. = Rs.0.166 Millions |
|
3. Power house adjoing to workshop shed. |
|
|
Built-up area: 37.80 x 31 .20 Mtr. @Rs.2000/- per Sq. Mtr. |
= 1179.36 Sq. Mtr. = Rs.2.359 Millions |
|
|
|
|
|
|
|
3] Other
Miscellaneous A.C. Sheet Sheds on Steel Columns, Rafters, Prulins, 3.0 M. high
with paved floor. |
|
|
|
|
|
1. Car Parking: 1 x 5.50 x 5.30 Mtr. |
29.15 Sq. Mtr. |
|
|
|
|
2. Shed near Store: 1 x 13.00 x 14.10 Mtr. |
183.30 Sq. Mtr. |
|
|
|
|
3. Oil Shed: 1 x 4.25 x 4.50 Mtr. |
19.12 Sq. Mtr. |
|
|
|
|
4. Shed attached to factory main shed: 1 x 24.40 x 5.40 Mtr. |
131.76 Sq. Mtr. |
|
|
|
|
5. 3 small sheds behind weigh Bridge: 3 x 2.80 x 2.80 Mtr. |
23.52 Sq. Mtr. |
|
|
|
|
6.3 Coiler TM/C small sheds in Bar
twisting: 3 x 6.00 x 3.71 Mtr. |
66.78 Sq. Mtr. |
|
|
|
|
7. Cycle Shed: 1 x 24.30 x 3.30 Mtr. |
80.19 Sq. Mtr. |
|
|
|
|
8. Watch tower Shed: 2 x 2.5 x 2.5 Mtr. |
12.50 Sq. Mtr. |
|
|
|
|
9. Refractory Store: 1 x 3.57 x 3.40 Mtr. |
12.14 Sq. Mtr. |
|
|
|
|
10. FO main tank: 1 x 2.42 x 9.55 Mtr |
23.11 Sq. Mtr. |
|
|
|
|
Total Built – up
area |
581.57 Sq. Mtr. |
|
|
|
|
@ Rs.2000/- per Sq. Mtr. |
= Rs.1.163 Million |
|
|
|
|
Water Tanks: 14.15 Mtr. x
13.10 Mtr. = 185.36 Sq. Mtr. @Rs.45001- per Sq. Mtr. = Rs.0.834 Million |
|
|
Deep
Borewell: One Job Reproduction cost LS = Rs.0.060
Million |
|
|
Boundary Wall: Brick Masonary
wall, 2.55 Mtr. height with 0.45 Mtr. barbed wire fencing on angle iron
embedded on top of compound wall. Length: 550.20 Rmt. @ Rs.2000/- per Rmt = Rs.1.100 Million |
|
|
Boundary ‘Wall
Gate with Guard Room: One Job. Reproduce Cost = Rs.0.075 Million |
|
|
TOTAL COST OF
CONSTRUCTION |
RS.22.765
MILLIONS |
|
|
|
|
Depreciation for 14 Years: 9/10 X 14/60 X 2,27,64,767.00 |
Rs.4.781 Millions |
|
|
|
|
NET
DEPRECIATED VALUE |
RS.17.984
MILLIONS |
|
|
|
|
TOTAL
VALUE OF LAND AND BUILDING |
RS.26.072
MILLIONS |
|
|
|
|
|
|
|
There fore Fair Market Value of above said Property
for collateral security to of the property Ending as on 24.03.2010 is
Rs.26.072 Millions |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
PART – I (QUESTIONNAIRES)
GENERAL INFORMATION
|
Purpose for which Valuation is made |
To determine fair market value for
collateral security. |
|
|
|
|
Date on which Valuation is made |
24.03.2010 |
|
|
|
|
Name of the owner/ Owners |
Mr. Ajay Kumar Jain Mr. Vinay Kumar Jain Mr. Amit Jain and Mr. Arun Jain |
|
|
|
|
If the property is under joint—ownership/
co-ownership share of each such owner, Are the share undivided? |
Joint Ownership |
|
|
|
|
Boundaries of the property. |
Residential building |
|
|
|
|
Brief description of the property |
Three Storied Building |
|
|
|
|
Location, Street, Ward No. |
House No. 128/H-1/9, Kidwai Nagar, Kanpur
Nagar. |
|
|
|
|
Survey/ Plot No. of Land |
House No. 128/H-1/9, Kidwai Nagar, Kanpur
Nagar. |
|
|
|
|
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 to civil amenities, like
schools, hospitals, offices, market, cinemas etc. |
All Available within 1 km radius |
|
|
|
|
Means and proximity to surface
communication by which the locality is served. |
120’ wide Road |
|
|
|
|
LAND
|
|
|
Area of land supported by documentary
proof, |
355.56 Sq. Yds. or 297.40 Sq. Mtr. |
|
|
|
|
Shape Dimensions and physical features. |
Rectangular. 40’ x 80’ |
|
|
|
|
Roads. Streets or lanes on which land is
abutting. |
120’ wide Road |
|
|
|
|
Is it free hold or lease hold land? |
Freehold |
|
|
|
|
If lease hold, the name of the
lessor’/ lessee, nature of lease,
dates of commencement and terms of renewal of lease |
As per Deed |
|
|
|
|
IMPROVEMENTS |
|
|
Is the building owner-occupied/ tenanted/
both? |
Owner occupied |
|
|
|
|
SALES
|
|
|
Give instance of sale of immovable property in
the locality on a separate sheet including the name and address of the
property, registration No., |
No such similar sale evidence in available
in the vicinity |
|
|
|
|
Land rate adopted in this valuation. |
@ Rs.15000/- per Sq. Mtr. |
|
|
|
|
ls sale instances are not available or not
relied upon, the basis of arriving at the land rate. |
As per circle rate. |
|
|
|
|
COST
OF CONSTRUCTION |
|
|
|
|
|
Year of commencement of construction and year
of completion. |
Average 19 Years |
TECHNICAL DETAILS
|
Year of construction |
Avg. 19 Years Before |
|
|
|
|
Estimated future life. |
81 years average |
|
|
|
|
Type of construction load bearing wall/
RCC frames/ Steel Frame. |
Load bearing structure |
|
|
|
|
Type of Foundations |
Open Trench |
|
|
|
|
Walls: (a) Plinth (b) Ground Floor (c) Superstructure above ground floor |
14”th 9“ and 14”th. 9” and 14”th. |
|
|
|
|
Partitions |
4 ˝” |
|
|
|
|
Doors and Windows (Floor wise): (a) Ground Floor (b) First Floor (c) Second Floor |
Teak Wood work Teak Wood work Teak Wood work |
|
|
|
|
Flooring work (Floor wise): (a) Ground Floor (b) First Floor (c) Second Floor |
Marble flooring Marble flooring Marble flooring |
|
|
|
|
Finishing Work (Floor wise): (a) Ground Floor (h) First Floor (c) Second Floor |
Plastered Plastered Plastered |
|
|
|
|
Rooting and Terracing |
RCC Slabed |
|
|
|
|
Special architectural or decorative
features, it any |
Attractive |
|
|
|
|
Electrification work Internal wiring. Surface or Conduit Class of fitting - Superior/ Ordinary/
Poor |
Concealed Superior |
|
|
|
|
Sanitary Installation: No. of Water Closets. No. of Sinks |
05 Nos. 02 Nos. Kitchen |
|
|
|
|
Class of fitting |
Superior class |
|
|
|
|
Compound Wall Type of construction |
Brick Masonary wall |
|
|
|
|
Sewage Disposal-whether connected to:
public sewers. If septic tanks provided No and capacity. |
Public Sewer |
|
|
|
|
Any further information. |
The building is situated near Kirana
Public School. |
|
|
|
|
PART – II VALUATION TO DETERMINE FAIR MARKET VALUE FOR COLLATERAL
SECURITY To mortgage the property
of House No. 128/H-1/9, Kidwai Nagar, Kanpur, Ending as on 24.03.2010. |
|
|
Owned By |
Mr. Ajay Kumar Jain Mr. Vinay Kumar Jain Mr. Amit Jain and Mr. Arun Jain |
|
|
|
|
The property is
a residential building. The building is hounded as under: |
|
|
North South East West |
120’ wide road House No. 128/H- 1/89 House No. 128/H-1/10 House No. 128/H-1/8 |
|
|
|
|
The building is triple storied building constructed with A-Class specifications.
The building is load bearing structure, RCC slabed, Walls and ceiling duly
plastered’ and painted. Marble flooring, Teak wood work in doors and windows
duly polished. Superior class specifications of water supply, sanitary and
electrification work. The building is constructed during 1987 to 1991. The size of plot is
40’0” x 80’0” rectangular in shape. The valuation is based on land and building method as per prevailing
market rate. |
|
|
The
valuation is given as under: A.
VALUE OF LAND: Area of Land: 355.56 Sq. Yds. or 297.40
Sq. Mtr; or 3200 Sq ft. Value @Rs.15000/- per Sq. Mtr.= Rs.4.461
Millions Adopted land rate is circle rate Circle rate @ Rs.20000/- per Sq. Mtr. |
|
|
B.
Value of Building Structure |
|
|
Ground Floor: Ceiling Ht. 10’0” Built-up area: 196.00 Sq. Mtr. @ Rs.9000/- per Sq. Mtr. |
Rs.1.764
Millions |
|
|
|
|
First Floor: Ceiling Ht. 10’0” Built-up area: 196.00 Sq. Mtr. @ Rs.8000/- per Sq. Mtr. |
Rs.1.568
Millions |
|
|
|
|
Second Floor : Ceiling Ht. 10’0” Built-up area: 47.70 Sq. Mtr. @ Rs.6000/- per Sq. Mtr. |
Rs.0.286 Million
|
|
|
|
|
Total |
Rs.3.618 Millions |
|
|
|
|
Average depreciation for 19 Years: 9/ 10 X 19/ 100 X 36,18,200.00 |
Rs.0.618 Million
|
|
|
|
|
Net
Depreciated Value |
Rs.2.999 Millions |
|
|
|
|
TOTAL
VALUE OF LAND AND BUILDING |
RS.7.460 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
Date of making valuation |
16.05.2009 |
|
|
|
|
Name of the owner(s) of the property |
Premier Alloys Limited PVC Pipes Activities Regd. Office: Shiv Som Tower, 4th
Floor, 1st The Mall, Kanpur Nagar |
|
|
|
|
Directors |
Mr. Ajay Kumar Jain Mr. Vinay Kumar Jain Mr. Amit Jain Mr. Arun Jain |
|
|
|
|
If the property is under joint-ownership!
co-ownership share of each such owner. Are the share undivided? |
Owned by Company |
|
|
|
|
Brief description of the property — Flat/ Plot No/ House No. |
Industrial Building Gata No. 862 and 863, Industrial Area Malwan,
Pargana - Kautiyagunir Tehsil - Bindki, District- Fatehpur. |
|
|
|
|
Is the property situated in Residential/
Commercial/ Mixed area/ Industrial area? |
Industrial Area |
|
|
|
|
Classification of locality - High Class/
Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity to civil amenities, like
schools, hospitals, offices, market, cinema halls etc. |
All available within 2 Km. radius |
|
|
|
|
Area supported by documentary proof,
Shape, Dimensions and physical features. |
Sale Deed No. 1550 Dated 20.03 .2008 Gata No. 862, Area= 0.409 Hect. Sale Deed No. 1538 Dated 19.03.2008 Gata No. 862, Area = 0.206 Hect. Sale Deed No. 1557 Dated 20.03.2008 Gata No.862 Area = 0.472 Hect. and Gata No. 863, Area = 0.032 Hect. Total:
0.504 Hect. Grand
Total: 1.119 Hect. or 11190.00 Sq. Mtr. |
|
|
|
|
Give details of approval of building map |
Building structure are constructed as per
Industrial Areas |
|
|
|
|
Is it free hold or lease hold land? |
Freehold |
|
|
|
|
Is the owner-occupied/ tenanted/ both? |
Owner Occupied |
|
|
|
|
The valuer should give in detail his approach to valuation of the
property and indicate how the value has been arrived at, supported by
necessary calculations. |
The valuation is based on land and
building method applying depreciation on straight line method. The prevailing
market rates of Labour and material are considered for deriving present
reproduction cost. |
|
|
|
|
Fair
Market Value of the Property |
Rs.11.600
Millions |
|
|
|
|
Realisable
Value of the Property |
Rs.9.860
Millions |
|
|
|
|
DETAILS OF VALUATIONS PART - A (VALUATION OF LAND) |
|
|
Size of plot |
Rectangular |
|
|
|
|
Boundaries: |
Sale
Deed No.1550 Dt. 20.03.2008 |
|
North South East West |
Factory M/s. Premier Alloys Land of Mr. Arjun Singh Land of Mr. Puttan Singh Land of Mr. Gulab Singh |
|
|
|
|
|
Sale
Deed No. 1538 Dt. 19.03.2008 |
|
North South East West |
Land of Mr. Roshan Singh Land of Mr. Arjun Singh and Mr. Jaidi Land of Mr. Puttan Singh Land of Mr. Gulab Singh |
|
|
|
|
|
Sale
Deed No. 1557 Dt. 20.03.2008 |
|
North South East West |
Factory M/s. Premier Alloys Land of Mr. Arjun Singh Land of Mr. Arjun Singh Land of Mr. Raja Ram |
|
|
|
|
|
Boundaries
as Per Physical inspection |
|
North South East West |
Factory M/s. Premier Alloys Agriculture Land Agriculture Land Agriculture Land |
|
|
|
|
NOTE: The approach road as per above sale deeds is not available. But this land
is purchased by M/s. Premier Alloys Limited and which is already running its
M.S. Bars manufacturing plant (Rolling Mill) on Plot No. B-54, B-55 and B-56
developed by UPSIDC, So approach is no problem. |
|
|
Total extent of the plot |
1.119 Hect. or 11190.00 Sq. Mtr. |
|
|
|
|
Prevailing market rate |
@Rs.500/- per Sq. Mtr. |
|
|
|
|
Guideline rate obtained from the
registrar’s Office (an evidence thereof to be enclosed) |
@Rs.500/-per Sq. Mtr UPSIDC Rate |
|
|
|
|
Assessed/ Adopted rate of Valuation |
@Rs.5001- per Sq. Mtr. |
|
|
|
|
Estimated
Value of Land |
Rs.5.595
Millions |
PART – B (VALUATION OF
BUILDING STRUCTURE)
|
Particulars of Items |
Plinth Area |
Roof Ht. |
Area of Building |
Estimated Replacement rate of Construction Rs. |
Replacement Cost |
Depreciation |
Net Value after Depressions |
|
Work Shed, Mixer
Shed, Raw Material Shed : RCC framed brick Masonary walls structure provided
with RCC columns and beams, ACC sheets roofing over pipe trusses and purlins,
walls duly plastered and white washed, CC flooring, Roof Ht. at Gable 28’0”
and at Eave 20’0”0. The internal dimensions of work hail is 100’0” x 60’0”,
Mixer Hall: 30’0” x 60’0” and Raw material store hail is 30’0” x 60”0. All
these three halls are jointed with each other and total built-up area is
163’0” x 61’6” = 10024.50 Sq ft. or 931.64 Sq. Mtr. |
|||||||
|
|
931.64 Sq. Mt. |
-- |
New |
3,500.00 |
Rs.3.261
Millions |
|
|
|
Adjoining Lab,
Store, Compressor and Pump Room: Load bearing structure, RCC slabed, Walls
and Ceiling duly plastered and white washed in lab and store and without
plaster in compressor and pump room, CC Flooring, M.S. work in doors,
Ceilinght. 10’0”. Size: 80’0” x 1 5’9” = 1260.00 Sqft. or 117.00 Sq. Mtr. |
|||||||
|
|
117.00 Sq. Mt. |
10’0 |
New |
4,000.00 |
Rs.0.468 Million |
|
|
|
Under ground water
tank for Cooling for PVC Plant: Open Tank constructed with RCC walls and RCC
flooring, Depth 10’0”. Size: I 5’9” x 20’0” 315.00 Sq. ft. or 29.28 Sq. Mtr. |
|||||||
|
|
29.00 Sq. Mt. |
-- |
New |
4,500.00 |
Rs.0.132 Million
|
|
|
|
Adjoining Verandah
Shed (Open Shed): ACC sheets roofing adjoining to Plant and Mixer Shed
supported over M.S. Columns. Size: 110’0” long, |
|||||||
|
|
256.00 Sq. Mt. |
-- |
New |
1,800.00 |
Rs.0.460 Million |
|
|
|
Open Shed (Open from
all sides): ACC sheets roofing supported over M.S. pipe Columns and pipe
trusses and purlins. Roof height 18’-0”at gable and 15’0” at Eave. Size:
50’0” x 95’0” = 4750.00 Sq ft. or 441.45 Sq. Mtr. |
|||||||
|
|
4751.45 Sq. Mt. |
-- |
New |
1,500.00 |
Rs.0.662 Million |
|
|
|
Grinder and
Pulverisr Shed: Load bearing walls, ACC sheets roofing, walls without
plaster, CC flooring, Roof ht. 12’/10/6”. Size: 20’0” x 36’0” = 720.00 Sq ft.
or 66.91 Sq. Mtr. |
|||||||
|
|
66.91 Sq. Mt. |
-- |
New |
2,000.00 |
Rs.0.134 Million
|
|
|
|
Labour Quarter
with Verandah: Load bearing structure, RB slabed, Walls internally plastered,
CC Flooring, Ceiling ht. 10’0”. Size: 51’0” x 20’0” 1020.00 Sq. ft. or 94.80
Sq. Mtr. |
|||||||
|
|
94.80 Sq. Mt. |
10’0” |
New |
3,600.00 |
Rs.0.341 Million
|
|
|
|
Toilet Block:
Load bearing structure, RB slabed, Size: 23’8” x 6’0” = 142.00 Sq ft. or
13.20 Sq. Mtr. |
|||||||
|
|
13.20 Sq. Mt. |
10’0 |
New |
4,000.00 |
Rs.0.053 Million
|
|
|
|
|
|||||||
|
|
|
|
|
|
|
|
|
|
Septic tank and
Soakpit: |
-- |
-- |
-- |
L.S. |
Rs.0.040 Million
|
|
|
|
|
|
|
|
|
|
|
|
|
Deep Borewell: |
-- |
-- |
-- |
L.S. |
Rs.0.050 Million
|
|
|
|
|
|
|
|
|
|
|
|
|
Boundary Wall:
Brick masonary wall |
290.00 Rmt. |
8’0” |
-- |
1,400.00 |
Rs.0.406 Million |
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
6.007 |
|
|
|
TOTAL
VALUE |
|
|
|
|
|
Value of Land |
Rs.5.595 Millions |
|
|
|
|
Value of Building |
Rs.6.007 Millions |
|
|
|
|
Total
Market value of Land and Building |
Rs.11.602
Millions |
|
|
|
|
Deduct
15% for Realiable Value |
Rs.9.860
Millions |
------------------------------------------------------------------------------------------------------------------------------
NOTE:
The registered office of the company has been shifted from 783/ 79 W-1, Saket
Nagar,
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL RESULTS
(AS ON 31.03.2010)
The company has achieved the turnover of Rs.861.445 millions as against
Rs.889.105 millions in the previous year. The Company has earned a Profit of
Rs.4.947 millions as compared to Profit of Rs.3.554 millions in the previous
year.
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Bansi Steels
Hatia, Kanpur, India
Mr. Satish Agarwal
Phone No.: 91-9415127401
· Sethi Steels
Sarojini Nagar, Kanpur, India
Mr. Saurabh Seth
Phone No.: 91-9336103888
· Jaiswal Enterprises
Coolie Bazar, KIanpur, India
Mr. Babloo Jaiswal
Phone No.: 91-9415044762
· Nirmal Kumar Jain and Company
Jarib Choki, Kanpur, India
Mr. Sameer Jain
------------------------------------------------------------------------------------------------------------------------------
FORM 8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90275842 |
|
Corporate
identity number of the company |
U28113UP1995PLC017495 |
|
Name of the
company |
PREMIER ALLOYS LIMITED |
|
Address of the
registered office or of the principal place of business in |
“ |
|
Type of charge |
Immovable
Property Others (Fixed
Assets) |
|
Particular of
charge holder |
State Bank of E-Mail: jkscoknp@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
(i) Letter of
confirmation for extension of mortgage by deposit of title deeds (ii) Memorandum
for creation of equitable mortgage by deposit of title deeds. |
|
Date of
instrument Creating the charge |
11/05/2009 |
|
Amount secured by
the charge |
Rs.75.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: (i) On Working
Capital-@ 2.00% above State Bank Advance Rate .Present effective rate is
14.25% per annum with monthly rests or at such other rate(s) as may be notified
by the Bank to the Borrower from time to time. (ii) On Term
Loan- @ 2.50% above State Bank Advance Rate .Present effective rate is 14.75%
per annum with monthly rests or at such other rate(s) as may be notified by
the Bank to the Borrower from time to time. Terms of
Repayment: (i) Working
Capital - Repayable on demand. (ii) Term Loan of
Rs.10.500 millions shall be repayable in 18 quarterly installments commencing
from 31.12.2009. First 6 quarterly installments will be of Rs.0.550 million
each and next 12 quarterly installments will be of Rs.0.600 million each. Margin: 25% on Raw
materials-Imported/Indigenous 100% on Semi
Finished Goods 25% on Finished
Goods 35% on
Components/Consumables/Spares 50% on Domestic
Receivables 37.50% on Term
Loan 25% on LC Extent and
Operation of the charge: The Company's
properties as mentioned hereunder (As per column No.14) are mortgaged to
collaterally secure various credit facilities aggregating to Rs.75.500
millions granted by the Bank to the Borrower:- 1. Fund Based
Working Capital Rs.50.000 millions 2. Term Loan Rs.10.500
millions 3. LC
Rs.15.000 millions
TOTAL Rs.75.500 millions |
|
Short particulars
of the property charged |
Equitable
mortgage by deposit of title deeds in respect of Company's following
immovable properties:- 1. Plot No.B-54
and B-55 area 11204.81 sq.mtrs. and B-56 area 4971 sq.mtrs situated at
Industrial Area, Malwan, Teh- Bindki, District - Fatehpur 2. Gata No.862
and 863 total area 1.119 hectare situated at Village Chakki Pargana Kutia
Gunir Tehsil Bindki Distt- Fatehpur. Together with all
the building, structures, fixed assets now standing thereon and constructions
that may hereafter be made thereon. |
|
Date of latest
modification prior to the present modification |
11/05/2009 |
|
Particulars of
the present modification |
Enhanced credit
facilities aggregating to Rs.75.500 millions shall now also be collaterally secured
by equitable mortgage of Company's immovable properties. |
|
Name of the
company |
Premier Alloys Limited |
|
Presented By |
Mr. Ajay Jain,
Director |
|
1) Date and description of instrument creating the change |
Corporate Guarantee
dated 28.12.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.47.500
Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Corporate
guarantee for the loan taken by premier Metcast Private Limited |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Guarantee for
Rs.47.500 Millions |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of
India Main Branch ,
Kanpur, India |
|
6) Date and brief description of instrument modifying the charge |
Not Available |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not
Available |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
·
Land
·
·
Office Premises
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Air Conditioner
·
Vehicles
·
Trucks
·
Computer
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE:
Subject was incorporated as private Limited company in the year 1995 and
was later on converted into a public limited company on 13th January
1999. It is engaged in the manufacturing of M. S. Bars, with the brand name
“PREMIER”. Over the year “PREMIER” brand has gained the confidence of customer
for M.S. Bars, T.M.T. bars, C.T.D. Bars and Tor Steel Bars, as quality
products. The supply of the finished product is to dealers in states of U.P., Bihar, M.P. etc. and various Government
Departments. The promoters of the company has also installed PVC plant of 2700
MT capacity, which has started its commercial production from November- 2006.
The company is engaged in Manufacturing of iron/ steel bars for over a decade.
The company has earned very good reputation and today the brand of “PREMIER” is
quite popular with M.S. Bars users.
GROUP:
Since the promoters of the company are also engaged in Manufacturing of
M.S. Bars etc. in another group company namely M/s, Premier Ispat Limited and
M/s. Premier Bars Private Limited, Jaipur. Bulk sales are executed by all the
above three companies towards achieving respective targets. The promoters of
the company have been established a Furnace Unit as Premier Metcast Private
Limited in Jaipur, Kanpur Dehat.
The unit is manufacturing M.S. Bars since 1996. The plant is situated at
Malwan, District Fatehpur which is dev eloped by UPSIDC and is fast upcoming
due to availability of adequate power supply. Units located in the area are
flourishing in general. During past years the company has performed well and
has come out with outstanding performance despite recession in the market in
the past year. Further un it has installed PVC pipe Plant of 2700 MT Capacity
and Started the production from November, 06.
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 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.44.93 |
|
|
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.64.21 |
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.