MIRA
INFORM REPORT
|
Report Date : |
08.03.2011 |
Note:
Correct Name of the Company is “Cargo Placement
and Shipping Agencies Private Limited”
IDENTIFICATION DETAILS
|
Name : |
CARGO PLACEMENT AND SHIPPING AGENCIES PRIVATE LIMITED |
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|
|
|
Registered
Office : |
227, Sahar Cargo Estate, Near |
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Country : |
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|
Financials (as
on) : |
31.03.2010 |
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|
|
|
Date of
Incorporation : |
30.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-154384 |
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|
|
|
CIN No.: [Company Identification
No.] |
U63000MH2005PTC154384 |
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|
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC13655F |
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|
|
PAN No.: [Permanent Account No.] |
AACCC6300N |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Clearing and Forwarding Agent (Services) |
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 having moderate track.
Trade relations are reported as fair. The valuation report provided is of a
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 |
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|
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. C.P. Sajeevan |
|
Designation : |
Chairman and Managing Director |
|
Contact No.: |
91-9320717377 |
|
Date : |
16.02.2011 |
LOCATIONS
|
Registered Office : |
227, Sahar Cargo Estate, Near |
|
Tel. No.: |
91-22-28250581 / 82 / 83 / 84/ 42116600 (100 Lines) / 22625412 |
|
Mobile No.: |
91-9320717377 (Mr. C.P. Sajeevan) |
|
Fax No.: |
91-22-28250585/ 22625414 |
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E-Mail : |
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Website : |
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|
Area : |
Owned |
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|
|
|
Branches : |
Located at : ·
Ahmedabad
·
·
Chennai ·
·
·
·
Kolkata ·
Gandhidham ·
Mumbai · Pune |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. C. P. Sajeevan |
|
Designation : |
Chairman and Managing Director |
|
Address : |
A/101, |
|
Date of Birth/Age : |
15.05.1966 |
|
Qualification : |
|
|
Experience : |
26 Years |
|
Date of Appointment : |
30.06.2005 |
|
PAN No.: |
AAEPC3977G |
|
|
|
|
Name : |
Mrs. Anitha Sajeevan |
|
Designation : |
Director |
|
Address : |
A/101, |
|
Date of Birth/Age : |
28.05.1972 |
|
Qualification : |
Bachelor of Commerce |
|
Experience : |
18 Years |
|
Date of Appointment : |
30.06.2005 |
|
PAN No.: |
AMPVS0862R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
C. P. Sajeevan |
|
15000 |
|
Anitha Sajeevan |
|
15000 |
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|
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Total |
|
30000 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
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|
|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Clearing and Forwarding Agent (Services) |
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Terms : |
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Selling : |
Credit (30 days) |
GENERAL INFORMATION
|
Suppliers : |
·
Ashish Life Science ·
Bharat Sanchar Nigam Limited – ·
Manoj Enterprises – ·
Aqua Products ·
Arjun Logistics ·
Jet Airways International – ·
D.B. Group India Private Limited – Chennai ·
Bird Travels Private Limited – ·
·
Leo Shipping and Logistics ( ·
Air India Limited ·
·
Earth Express Cargo Private Limited ·
Enjoy Travels ·
Hind Terminals Private Limited ·
International Liner Shipping Agency ·
International Logistic Gateway ·
K.R. Logistics ·
LCL Logistix ( ·
Mary Matha Transport – ·
AGS World Transport ( ·
·
Royal Sundaram Alliance Insurance Company Limited ·
Nitin Transport Service ·
Sony Prints ·
Shah Desai and Associates ·
Shakti Computer Systems ·
Sandhya Transport ·
Klin Solution ·
MM Kazi and Company |
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Customers : |
End Users
·
Acme Telepower Limited ( · Accur Organic Foods · Asm Impex · Dharti Fashion · Heet Fashion · Sai International · Pride Shipping Private Limited · Rahul Sales Limited · P.I. Drugs · K.K. International · Aban Offshore Limited · Aegies BPO Limited · Amol Paper Mills Limited · Archies Limited · AIA Engg. Limited · Ashish Life Science India Private Limited · Banaras Beads Limited · Bharti Teletech Limited · Bhavani Untensils Limited · Biostadt India Limited · Cable and Wireless · Chimanlal Fein Paper Private Limited ·
Convergys · Dabur India Limited · Essar Group · Endeka Ceramics Limited · Exclusive Steel Limited · Expeditors · Famy Care Limited · Golden Tobacco Company Limited ·
Glasstech · Hotel Le Meridien · Hotel Holiday Inn · Johnson Matthey Group · Jindal Steel and Power Company Limited · Khanna Paper Mills Limited · Mahindra and Mahindra Limited · Mangalam Alloys Limited · Mangalore Refinery and Petrochemicals Limited ·
· Merck Specialities Private Limited · Mitsui and Company Limited · New Fire Engineers Limited · Osram India Private Limited · Paras Dairy Group · Praj Industries Limited · Precision Gears Limited · Print House India Private Limited · Quacker Chemicals Limited · RSEB · Semikron Electronics Private Limited · Sequent Scientific Limited · STP Limited · Strides Research and Speciality Chemicals Limited ·
Sahara · Toshiba · UPSEB · Visa Steel Limited |
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No. of Employees : |
105 (In Office - 75, In Branch – 30) |
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Bankers : |
·
Corporation Bank, SME-Marol Branch, Sarhar Bonanza Plaza, Marol, Andheri Kurla Road,
Andheri (East), Mumbai – 400059,
Maharashtra, India · HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Parikh and Amin Associates Chartered Accountants |
|
Address : |
205, 2nd Floor, B-Wing, Abhinav Apartments, 302, |
|
Tel. No.: |
91-22-26161717 / 26161818 |
|
Fax No.: |
91-22-26174646 |
|
E-Mail : |
parikhamin.associates@mtnl.net.in
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|
Associates/Subsidiaries : |
§
Cargo Placement
and Shipping Agencies Address: 227, Sahar Cargo
Estate, Near Activities : Custom Clearance Bankers : Corporation Bank §
Satya
Enterprises Address : A/ 101, Activities: Trading and Transportation Provider. §
Satyabhama
Enterprises Private Limited Address: A/ 101, Line of Business: Trading and Transportation Provider. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Share |
Rs.100/- each |
Rs.3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Share |
Rs.100/- each |
Rs.3.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 (7 Months) |
31.08.2009 (5 Months) |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
3.000 |
3.000 |
3.000 |
3.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5.950 |
4.980 |
4.033 |
1.965 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8.950 |
7.980 |
7.033 |
4.965 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
18.195 |
19.217 |
17.794 |
10.765 |
|
|
2] Unsecured Loans |
5.978 |
4.227 |
5.540 |
2.196 |
|
|
TOTAL BORROWING |
24.173 |
23.444 |
23.334 |
12.961 |
|
|
DEFERRED TAX LIABILITIES |
0.081 |
0.009 |
0.009 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
33.204 |
31.433 |
30.376 |
17.926 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.052 |
6.670 |
7.100 |
5.420 |
|
|
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 |
0.000
|
0.000
|
0.000
|
0.000
|
|
|
Sundry Debtors |
33.556
|
28.628
|
26.725
|
17.683
|
|
|
Cash & Bank Balances |
1.229
|
1.249
|
0.214
|
0.117
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
8.454
|
6.627
|
5.345
|
2.779
|
|
Total
Current Assets |
43.239
|
36.504
|
32.284
|
20.579 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
10.976
|
8.751
|
5.738
|
4.674
|
|
|
Other Current Liabilities |
2.493
|
0.000
|
0.528
|
1.815
|
|
|
Provisions |
3.630
|
3.002
|
2.757
|
1.601
|
|
Total
Current Liabilities |
17.099
|
11.753
|
9.023
|
8.090 |
|
|
Net Current Assets |
26.140
|
24.751
|
23.261
|
12.489
|
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.012 |
0.012 |
0.015 |
0.017 |
|
|
|
|
|
|
|
|
|
TOTAL |
33.204 |
31.433 |
30.376 |
17.926 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 (7 Months) |
31.08.2009 (5 Months) |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
252.060 |
89.950 |
212.137 |
115.062 |
|
|
|
Other Income |
0.000 |
0.000 |
0.014 |
0.011 |
|
|
|
TOTAL (A) |
252.060 |
89.950 |
212.151 |
115.073 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Freight, Duty, Insurance, Octroi and Charges |
199.065 |
73.362 |
167.386 |
87.907 |
|
|
|
Transport and Godown Charges |
25.090 |
7.240 |
18.253 |
10.374 |
|
|
|
Staff Expenses |
10.561 |
3.452 |
9.655 |
5.232 |
|
|
|
Direct Remuneration |
0.930 |
0.280 |
0.841 |
0.760 |
|
|
|
Auditors Remuneration |
0.075 |
0.000 |
0.075 |
0.075 |
|
|
|
Administration, Office and General, Other
Expenses |
8.913 |
2.817 |
8.772 |
5.475 |
|
|
|
Preliminary Expenses Written off |
0.002 |
0.002 |
0.002 |
0.002 |
|
|
|
TOTAL (B) |
244.636 |
87.153 |
204.984 |
109.825 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
7.424 |
2.797 |
7.167 |
5.248 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.086 |
0.943 |
2.719 |
1.156 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.338 |
1.854 |
4.448 |
4.092 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.334 |
0.532 |
1.128 |
0.792 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.004 |
1.322 |
3.320 |
3.300 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.087 |
0.375 |
1.252 |
1.351 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.917 |
0.947 |
2.068 |
1.949 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
63.91 |
31.57 |
68.93 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 (7 Months) |
31.08.2009 (5 Months) |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.76
|
1.05 |
0.97 |
1.69
|
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.19
|
1.47 |
1.57 |
2.87
|
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.97
|
3.06 |
8.43 |
12.69
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.17 |
0.47 |
0.66
|
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.61
|
4.41 |
4.60 |
4.24
|
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.53
|
3.11 |
3.58 |
2.54
|
LOCAL AGENCY FURTHER INFORMATION
ASSESSMENT
OF SHORT TERM BANK CREDIT
(RS.
IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
|
|
(PROJECTED) |
|
|
|
|
|
|
Net Sales |
300.000 |
500.000 |
|
|
|
|
|
Total |
300.000 |
500.000 |
|
|
|
|
|
% age rise [+] or fall [-] in net sales during the year as compared to
the previous year (Annualised) |
19% |
67% |
|
|
|
|
|
Freight, Duty, Insurance and Octroi |
240.000 |
400.000 |
|
|
|
|
|
Transportation cost |
30.000 |
55.000 |
|
|
|
|
|
Staff cost |
12.000 |
15.000 |
|
|
|
|
|
Depreciation |
1.400 |
1.600 |
|
|
|
|
|
Selling, General, Administrative Expenses |
9.000 |
17.500 |
|
|
|
|
|
Sub Total |
292.400 |
489.100 |
|
|
|
|
|
Operating Profit before Interest |
7.600 |
10.900 |
|
|
|
|
|
Interest on working capital loan |
3.000 |
3.500 |
|
Interest on Term Capital Loan |
0.100 |
0.050 |
|
|
|
|
|
Operation Profit after Interest |
4.500 |
7.350 |
|
|
|
|
|
i) Add other non operating income |
0.000 |
0.000 |
|
|
|
|
|
Profit before tax |
4.500 |
7.350 |
|
|
|
|
|
Provision For Tax |
1.400 |
2.200 |
|
|
|
|
|
Net Profit (12-13) |
3.100 |
5.150 |
|
|
|
|
|
a) Equity dividend |
0.000 |
0.000 |
|
[Already paid + B.S provision] |
|
|
|
b) Dividend Rate |
0% |
0% |
|
|
|
|
|
Retained Profit |
3.100 |
5.150 |
|
|
|
|
|
Retained profit / Net profit [% age] |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
|
|
(PROJECTED) |
|
|
LIABILITIES |
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
Short term borrowings from banks [including
bills purchased, discounted and excess borrowing placed on repayment basis] |
|
|
|
i) From applicant banks |
30.000 |
30.000 |
|
|
|
|
|
ii) From other banks |
0.000 |
0.000 |
|
|
|
|
|
Sub – Total (A) |
30.000 |
30.000 |
|
|
|
|
|
Sundry Creditors [For Transport cost] |
5.000 |
6.000 |
|
|
|
|
|
Sundry Creditors for Expenses |
0.000 |
0.000 |
|
|
|
|
|
Advance payments from customers |
0.000 |
0.000 |
|
|
|
|
|
Provision for taxation |
5.030 |
7.230 |
|
|
|
|
|
Dividend payable |
0.000 |
0.000 |
|
|
|
|
|
Other current liabilities [due within one
year] |
1.500 |
2.000 |
|
|
|
|
|
Deposits / Installments of term loan [due
within one year] |
0.000 |
0.000 |
|
|
|
|
|
Sub – Total (b) |
11.530 |
15.230 |
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
41.530 |
45.230 |
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
Term loans [excluding installments payable
within one year] |
0.400 |
0.000 |
|
Deferred Payment credits [excluding
installments payable within one year] |
0.000 |
0.000 |
|
Other Term Liability [Unsecured Loans] |
6.000 |
6.000 |
|
|
|
|
|
TOTAL TERM LIABILITIES |
6.400 |
6.000 |
|
|
|
|
|
TOTAL OUTSIDE LIABILITIES |
47.930 |
51.230 |
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
Share Capital |
3.000 |
3.000 |
|
Quasi Capital |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
|
Surplus [+] or deficit [-] in Profit and
loss account |
9.050 |
14.200 |
|
|
|
|
|
NET WORTH |
12.050 |
17.200 |
|
|
|
|
|
TOTAL LIABILITIES |
59.980 |
68.430 |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
Cash and bank balance |
0.897 |
1.371 |
|
|
|
|
|
Investments [other than long term] |
|
|
|
i) Government and other Trustee
security |
0.000 |
0.000 |
|
ii) Fixed deposits with bank |
0.000 |
0.000 |
|
|
|
|
|
i) Receivable other than deferred and
exports [including bills purchased and discounted by banks] |
41.550 |
48.000 |
|
ii) Transportation |
0.000 |
0.000 |
|
Installments of deferred receivables [due
with one year] |
0.000 |
0.000 |
|
|
|
|
|
Inventory |
|
|
|
i) Raw materials [Including stores and other
items used in the process of manufacturing] |
|
|
|
a) Imported |
0.000 |
0.000 |
|
b) Indigenous |
0.000 |
0.000 |
|
|
|
|
|
ii) Stocks in process |
0.000 |
0.000 |
|
|
|
|
|
iii) Finished goods |
0.000 |
0.000 |
|
|
|
|
|
iv) Other consumable spares |
|
|
|
a) Imported |
0.000 |
0.000 |
|
b) Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Advances to suppliers of raw materials and
stores / spares |
0.000 |
0.000 |
|
|
|
|
|
Advance payment of taxes |
8.371 |
10.000 |
|
|
|
|
|
Other current assets |
1.500 |
2.500 |
|
|
|
|
|
TOTAL CURRENT ASSETS |
52.318 |
61.871 |
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
Gross Block [Land and Building, Machinery,
Work in Process] |
11.282 |
11.782 |
|
|
|
|
|
Depreciation to date |
5.130 |
6.730 |
|
|
|
|
|
NET BLOCK |
6.152 |
5.052 |
|
|
|
|
|
OTHER NON – CURRENT ASSETS |
|
|
|
|
|
|
|
Investments / book debts / advances /
deposits which are not Current Assets |
|
|
|
i) a) Investments in subsidiary company |
0.000 |
0.000 |
|
b) Others |
0.000 |
0.000 |
|
|
|
|
|
ii) Advances to suppliers of capital goods
and constrictors, deposits and adv. Tax |
0.000 |
0.000 |
|
|
|
|
|
iii) Deferred receivable [Maturity exceeding
one year] |
0.000 |
0.000 |
|
|
|
|
|
iv) Others F.D.R. and Margin Money |
0.000 |
0.000 |
|
|
|
|
|
Non consumable Stores and spares |
0.000 |
0.000 |
|
|
|
|
|
Other non current assets including |
|
|
|
a) Deposits |
1.500 |
1.500 |
|
|
|
|
|
TOTAL OTHER NON – CURRENT ASSETS |
1.500 |
1.500 |
|
|
|
|
|
Intangible assets [patents, goodwill,
prelim, expenses, bad debts not provided] |
0.010 |
0.007 |
|
|
|
|
|
TOTAL ASSETS |
59.980 |
68.430 |
|
|
|
|
|
TANGIBLE NET WORTH |
12.040 |
17.193 |
|
|
|
|
|
NET WORKING CAPITAL |
10.788 |
16.641 |
|
|
|
|
|
Current Ratio |
1.26 |
1.37 |
|
|
|
|
|
Total Outside Liabilities / Tangible Net
Worth |
3.98 |
2.98 |
|
|
|
|
|
Total term Liabilities / Tangible Net
Worth |
0.53 |
0.35 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
|
|
(PROJECTED) |
|
|
A.
CURRENT ASSETS |
|
|
|
Raw Material (including stores and other items used in the
process of manufacture) |
|
|
|
a) Imported: |
|
|
|
Amount |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
|
|
|
|
|
b) Indigenous |
|
|
|
Amount |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
|
|
|
|
|
Other consumable spares, excluding those included above. |
|
|
|
a) Imported: |
|
|
|
Amount |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
|
|
|
|
|
b) Indigenous |
|
|
|
Amount |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
|
|
|
|
|
Stock in process |
|
|
|
Amount |
0.000 |
0.000 |
|
Months cost of production |
0.000 |
0.000 |
|
|
|
|
|
Finished goods |
|
|
|
Amount |
0.000 |
0.000 |
|
Months cost of Sales |
0.000 |
0.000 |
|
|
|
|
|
Receivables |
|
|
|
Amount |
41.550 |
48.000 |
|
Months domestic sales |
1.66 |
1.15 |
|
|
|
|
|
Cash and Bank Balances |
0.897 |
1.371 |
|
ii) Fixed deposits with Bank |
0.000 |
0.000 |
|
Advances to supplier |
0.000 |
0.000 |
|
Advance payment of tax |
8.371 |
10.000 |
|
Other Cash Assets |
1.500 |
2.500 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
52.318 |
61.871 |
|
|
|
|
|
B.
CURRENT LIABILITIES (Others than bank borrowings for working capital) |
|
|
|
Sundry Creditors |
|
|
|
Amount |
5.000 |
6.000 |
|
Months Purchases |
2.00 |
1.31 |
|
|
|
|
|
Advance from customers |
0.000 |
0.000 |
|
|
|
|
|
a) Dividend payable |
0.000 |
0.000 |
|
b) Installments of TL, DPG and public deposits |
0.000 |
0.000 |
|
|
|
|
|
c) Other current liabilities and provision |
6.530 |
9.230 |
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
11.530 |
15.230 |
|
|
|
|
|
CURRENT
ASSETS IN % OF NET SALES |
17% |
12% |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS.
IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
|
|
(PROJECTED) |
|
|
Total Current
Assets |
52.318 |
61.871 |
|
|
|
|
|
Other Current Liabilities (other than bank borrowings) |
11.530 |
15.230 |
|
|
|
|
|
Working Capital Gap (WCG) |
40.788 |
46.641 |
|
|
|
|
|
Minimum stipulated net working capital – (25% of total
current assets other than Export Receivables) |
10.197 |
11.660 |
|
|
|
|
|
Actual/ projected net working capital |
10.788 |
16.641 |
|
|
|
|
|
Items 3 minus item 4 |
30.591 |
34.981 |
|
Items 3 minus item 5 |
|
|
|
|
30.000 |
30.000 |
|
Maximum permissible bank finance (item 6 or 7 whichever is
lower) |
30.000 |
30.000 |
|
Actual Bank Finance |
30.000 |
30.000 |
|
|
|
|
|
Excess borrowings representing shortfall in NWC |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS IN MILLIONS)
|
Particulars |
2010-11 |
2011-12 |
|
|
(PROJECTED) |
|
|
SOURCES |
|
|
|
|
|
|
|
a) Net Profit [after tax] |
3.100 |
5.150 |
|
b) Depreciation |
1.400 |
1.600 |
|
c) Increase in capital via placement |
0.000 |
0.000 |
|
c) Increase in Quasi Capital |
0.000 |
0.000 |
|
|
|
|
|
d) Increase in term liabilities, including public deposits |
0.000 |
0.000 |
|
d) Increase in new term loan |
0.000 |
0.000 |
|
|
|
|
|
e) Decrease in |
|
|
|
i) Fixed Assets |
0.000 |
0.000 |
|
ii) Other Non-Current Assets |
(0.072) |
0.003 |
|
|
|
|
|
f) Others: Unsecured Loan |
0.000 |
0.000 |
|
|
|
|
|
g)
TOTAL |
4.428 |
6.753 |
|
|
|
|
|
APPLICATION
|
|
|
|
|
|
|
|
a) Net Loss |
0.000 |
0.000 |
|
b) Decrease in term loan |
0.581 |
0.400 |
|
|
|
|
|
c) Increase in |
|
|
|
i) Fixed assets |
0.500 |
0.500 |
|
ii) Other Non-Current Assets |
0.000 |
0.000 |
|
|
|
|
|
d) Dividend |
0.000 |
0.000 |
|
|
|
|
|
f)
TOTAL |
1.081 |
0.900 |
|
|
|
|
|
Long Term Surplus/ Deficit |
3.347 |
5.853 |
|
|
|
|
|
Increase / Decrease in Current Assets |
10.506 |
9.553 |
|
|
|
|
|
Increase / Decrease in Current Liabilities other than bank
borrowings. |
(5.648) |
3.700/ |
|
|
|
|
|
Increase / Decrease in Working Capital Gap |
16.154 |
5.853 |
|
|
|
|
|
Net Surplus [+] / Deficit [-] |
12.807 |
0.000 |
|
|
|
|
|
Increase / Decrease in Bank Borrowings |
12.808 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
VALUE
OF FRINGE BENEFITS IN TERMS OF SECTION 115 WC READ WITH SECTION 115WB FOR THE
ASSESMENT YEAR 2009-2010
(RS. IN MILLIONS)
|
Section under
which chargeable to Fringe Benefit Tax |
Name |
Amount of
expenditure incurred or payment made |
Percentage expenditure/ Payment being fringe benefits |
Value of fringe
benefits |
|
Free or confessional ticket provided by the
employer for private journeys of this employees or their family members |
Nil |
100% |
Nil |
|
Any contribution by the employer to any
approved Superannuation fund for employees |
Nil |
100% |
Nil |
|
Entertainment |
Nil |
20% |
Nil |
|
Provision of Hospitality of every kind by
the employer to any person |
Nil |
20% |
Nil |
|
Conference (Other than fee for participation by the
employees in any conference) |
Nil |
20% |
Nil |
|
Sales promotion including publicity |
|
20% |
|
|
Employees’ Welfare |
|
20% |
|
|
Conveyance, tour and travel (including
foreign travel) |
|
20% |
|
|
Use of hotel, boarding and lodging
facilities |
Nil |
20% |
Nil |
|
Repair, Running (including fuel), maintenance of motor cars
and the amount of depreciation thereon |
0.797 |
20% |
0.159 |
|
Repair, Running ( Including Fuel) and
maintenance of aircraft and the amount of depreciation thereon |
Nil |
20% |
Nil |
|
Use of Telephone (Including mobile phone)
other than expenditure on leased telephone lines |
1.075 |
20% |
0.215 |
|
Maintenance of any accommodation in the
nature of guest house other than accommodation used for training purpose |
Nil |
20% |
Nil |
|
Festival Celebrations |
Nil |
50% |
Nil |
|
Use of health club and similar facilities |
Nil |
50% |
Nil |
|
Use of any other club facilities |
Nil |
50% |
Nil |
|
Gifts |
Nil |
50% |
Nil |
|
Scholarships |
Nil |
50% |
Nil |
|
Tour and Travel (Including foreign travel) |
Nil |
5% |
Nil |
|
Any Specified Security or Sweat equity
shares |
Nil |
5% |
Nil |
|
|
|
|
|
|
|
Total |
|
3.998 |
|
0.799 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MR. C. P. SAJEEVAN
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Address of the property with Survey No./
door No. etc. |
A/ 101, B – 108, Land at In Kerala |
|
|
|
|
Present Market / Assessed Value |
Rs.15.000 Millions |
INVESTMENT IN
BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in which investment is made |
CPSA P Limited |
|
|
|
|
Present Value of Investment |
Rs.5.000
Millions |
SHARES/
DEBENTURES/ MUTUAL FUNDS/ UNITS ETC.
|
Description |
LIC |
|
|
|
|
Face Value |
Rs.3.000
Millions |
|
|
|
|
Present Value |
Rs.0.800 Million
|
OTHERS ASSETS
|
Cash in Hand |
0.500 |
|
|
|
|
Total Value of Other Assets |
0.500 |
|
TOTAL ASSETS |
RS.21.300 MILLIONS |
|
NET WORTH |
RS.21.300
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MRS. ANITHA
SAJEEVAN
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Address of the property with Survey No./
door No. etc. |
A/ 101, |
|
|
|
|
Present Market / Assessed Value |
Rs.8.500 Millions |
INVESTMENT IN
BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in which investment is made |
CPSA P Limited |
|
|
|
|
Present Value of Investment |
Rs.5.000
Millions |
SHARES/
DEBENTURES/ MUTUAL FUNDS/ UNITS ETC.
|
Description |
MFT LIFE |
|
|
|
|
Present Value |
Rs.0.200 Million
|
LIFE INSURANCE
POLICIES
|
Annual Premium |
0.100 |
VEHICLES OWNED
|
Model/ Make |
Tempo |
|
|
|
|
Present Market Value |
0.200 |
OTHERS ASSETS
|
Cash in Hand |
0.200 |
|
|
|
|
Jewellery |
1.000 |
|
|
|
|
Total Value of Other Assets |
1.200 |
|
TOTAL ASSETS |
RS.15.200 MILLIONS |
|
NET WORTH |
RS.15.200
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
PART
- I
GENERAL
INFORMATION
|
Ref. No. |
YPCVL/ 4138/ Corp./2009-10 |
|
|
|
|
Purpose for which valuation made |
To ascertain present FMV for Corporation Bank, SME – Marol |
|
|
|
|
Fresh Valuation/ Revolution |
Fresh Valuation for YPCVL |
|
|
|
|
Visit Date of Which Valuation Made |
14.10.2009 |
|
|
|
|
Name of the Owner/ Owners |
Mr. C. P. Sanjeev and Mrs. Anitha Sanjeevan |
|
|
|
|
If the Property is under joint Ownership/ share of Each Owner. IS the
share undivided? |
Joint Ownership |
|
|
|
|
Brief description of Property |
Flat No.101, 1st Floor, A Wing, EDEN II co-operative
Housing Society Limited, Brief
Description: The residential property Flat No. 101 on 1st Floor of Eden
II Co-Op Hsg. Society Limited, situated at above address is about 7 kms away
from Andheri (East) railway station/bus depot. All civic amenities are nearby
and within easy reach. The residential property is stilt + 7 upper floors. It is RCC framed
structure with RCC columns, beams, slabs etc and having staircase with 2
lifts for access to upper floors. Landmark: EDEN Building, Opposite Bank of Property is
bounded by: North: South: East: Bank of West: Amenities of the
Property: Granite flooring in hall and Vitrified flooring in kitchen and
bedroom, aluminum powder coated sliding windows, laminated wooden frame door,
granite kitchen platform with full height glazed in dado, 2 European WC and
Bath with ceramic tiles flooring and full height glazed tiles dado, concealed
wiring and plumbing. Accommodation: Accommodation provided consists of 1 hall, 1 kitchen and 2 bedroom
with 2 toilets i.e. (2 BHK) (Flat No. 101 and 102) are internally merged with
single entrance but actual valuation was done for Flat No. 101) As per measurement the carpet area is 889 sq. ft. As per agreement built up (Saleable) area is 39 sq.mtr. i.e. 420 sq.
ft., which. is considered for valuation. Note and
Limitation Property identified with Satyabhama (Daughter of owner). Flat No.
101-102 with name of Sajeevans is mentioned on the main door. Society name
board exhibits the name of Mr. C. P.
Sanjeevan. Copy of the approved plans not given for their verification and the
same may be obtained from the owner. They consider the given in the agreement, declared by the party and submitted
for registration with the government authorities as final for valuation
purpose. Any are that is not stated in the agreement is not considered for
valuation. Disclaimers and
Caveats The Bank is advised to consider the CIBIL Report of the Customer
before disbursement/ enhancement of the loan to safeguard the interests of
the Bank from probable loss due to disbursal of loan amount, The valuer
should not be held responsible due to the deviations of the bank for any
reasons. The valuation is based on the experience and knowledge and this is an
opinion only and dose not stand as a guarantee for the value it can fetch if
disposed, due to any emergency, in future. The legal documents pertaining to the ownership of the above said
property has been referred fo on its face value and that is presumed that
Bank has got the same verified through its legal counsel. They do not certify
the veracity of the documents. This report does not certify valid or legal or
marketable title of any of the parties over the property. The report does not
cover verification of ownership, title clearance, or legality and subject to
adequacy of engineering / structural design. The valuation is only for the use of the party to whom it is addressed
and no responsibility is accepted to any third party for the whole or any
part of its contents. Encumbrances of Loan, Government and other dues, stamp duly,
registration charges, transfer charges etc. if any are not considered in the
valuation. They have assumed that the assets are free from encumbrances. Wherever possible the internal dimensions of the premises are measured
to arrive at carpet area and where this is not possible, due to some reasons,
they refer to the area mentioned in society bill the plan (if available) from
the copy of agreement and for the present trend of Built up / Super built up
area. The loading upto 33.33% is normally considered on the carpet area to
arrive at Built up area / Super Built up area as per the judgment given by
the MRTP commission. The report should be read along with disclaimers. The value given in
their report is only an opinion on the FMV as on date. If there is any
opinion from others/ valuers about increase or decrease in the value of the
assets valued by them, they should not be held responsible as the views vary
from person to person and based on circumstances. The principle of “Buyers
Beware” is applicable in case of any sale / purchases of assets. This report should be read alone, with legal due diligence report.
Value assigned herein is subject to this stipulation. It is presumed that the
Xerox o documents are taken from the originals duly tested and verified at
ultra violet lamp machine (UVL) about veracity. It should be noted that YPCVL’s value assessments are based upon the
facts and evidence available at the time assessment. It is therefore
recommended that the value assessments be periodically reviewed. |
|
|
|
|
Location, street, ward No. |
Flat No. 101, 1st Floor, A Wing, Eden II Co-op Housing
Society Limited, |
|
|
|
|
Survey /Plot No. of land |
CTS No. 10,11,14,16,17,18,19, (p), Village Powai |
|
|
|
|
Is the property situated in residential/ commercial/ mixed/ industrial
area? |
Residential Area |
|
|
|
|
Classification of locality- high class/ middle class/ poor class. |
Middle Class |
|
|
|
|
Proximity to civic amenities like schools, offices, hospitals, market,
cinemas, Railways etc. |
All civic amenities are available within easy reach. |
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Taxi, bus, auto, private vehicles etc. |
|
|
|
|
Is the property owner occupied, tenant, or both |
Owner occupied |
|
|
|
|
If partly occupied, specify portion and extent of area under owner
occupation. |
Owner occupied |
|
|
|
|
Name and registration no. of co-op. Housing Society |
Eden II co-operative society Limited Regn No. BOM/ W-S/ Housing/ TC/ 4146 |
|
|
|
|
Share Certificate No. And Face valuer |
Share certification No.67 bearing No. 336 to 340 having 5 shares of
Rs.50/- each. |
|
|
|
|
SALES AND
MARKETABILITY |
|
|
Give instances of sale of immovable property in the locality on a separate
sheet, including the name and address of the’ property, registration No.,
sale price and area land sold. |
Sales instances are not readily available. As such, local estate
agent, builders and other related agencies were contacted to ascertain fair market
value. |
|
|
|
|
Market rates adopted |
Prevalent Market Rate: Rs.10000/- to Rs.14000/- per sq. ft. Rate considered for Valuation: Composite rate: Rs.14000/- per sq. ft. Cost f Land: Rs.12600/- per sq. ft. Cost of Construction: Rs.1400/- per sq. ft. Factors Considered for Valuation: Location and Locality, facility and amenities, quality of
construction, residuals life of building, business potential, supply of
demand, local nearby enquiry, market feed back of investigation. |
|
|
|
|
If sale instances are not available or relied upon, basis of arriving
at the land, rate. |
Enquired with local. Architects and Real estate consultants about the
current market rates in that area and on this basis, property is valued under
“Selling Price Method”. |
|
|
|
|
PRESENT FAIR
MARKET VALUATION |
|
|
Valuation = Area
x Rate |
|
|
A) Cost of Land |
|
|
Built up Area |
420 sq. ft. |
|
Rate adopted for Valuation |
Rs.12600/- per sq. ft. |
|
Value |
Rs.5.292
Millions |
|
|
|
|
B) Cost of
Construction (Insurance Value) |
|
|
Built up Area |
420 sq. ft. |
|
Rate adopted for Valuation |
Rs.1400/- per sq. ft. |
|
Value |
Rs.0.588 Million |
|
|
|
|
Total |
= A + B = Rs.5.292
Millions + Rs.0.588 Million = Rs.5.880
Millions |
|
|
|
|
Distress |
Rs.4.704
Millions |
TECHNICAL DETAILS FOR THE PREMISES
|
No. of Floors and height of each floor |
Stilt + 7 Upper Floors Height: 9’-6” Floor to Floor |
|
|
|
|
Location and Plinth Area |
Flat No.101, 1st Floor, Total Carpet Area – 889
sq. ft. – Measurement Built up (Saleable) area – 420 sq. ft. – Agreement |
|
|
|
|
Year of Construction |
1989 |
|
|
|
|
Estimated Future/ Residual Life |
40 years (Subject to proper repair and maintenance of the
building) |
|
|
|
|
Type of Construction |
RCC Framed Structure |
|
|
|
|
Type of Foundations |
RCC Footings |
|
|
|
|
WALLS |
|
|
External Walls |
9” thick brick masonry walls both sides plastered |
|
Partitions |
4 1/2” thick brick
masonry walls both sides plastered |
|
|
|
|
Door and Windows (Floor-wise) |
Aluminum powder coated sliding windows and laminated
wooden frame door. |
|
|
|
|
Flooring (Floor-wise) |
Granite Flooring in hall and vitrified flooring in kitchen
and bedroom |
|
|
|
|
Finished and Maintenance |
Good |
|
|
|
|
Roofing and Terracing |
RCC Slab Roof |
|
|
|
|
Special Architectural or decorative features |
|
|
|
|
|
Internal Wiring surface or conduit |
Concealed Wiring |
|
|
|
|
Class of fitting superior/ Ordinary/ Poor |
Ordinary |
|
|
|
|
Sanitary Installations |
2 European W.C. and |
|
Class of fittings superior coloured/ superior white/
ordinary |
Superior White |
|
|
|
|
Compound wall |
Exist Along the boundary of Building |
|
|
|
|
No. of lifts and capacity |
2 Lifts |
|
|
|
|
Underground Sump |
Existing |
|
|
|
|
Capacity |
Sufficient as per requirement |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Overhead Tank |
Existing |
|
|
|
|
Where located |
On Terrace |
|
|
|
|
Capacity |
Sufficient as per requirement |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Pumps Nos. and their horsepower |
2 Pumps |
|
|
|
|
Road and paving within the compound, approx area. |
Plain Cement Concrete |
|
|
|
|
Sewage disposal, whether connected to public sewers. If
Septic tanks provided, no and capacity. |
As per local norms |
|
|
|
|
Regards to aesthetics and environment |
|
|
|
|
|
Safety Considerations fires, earthquakes, and tides |
Fire fighting equipment found |
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
PART
- I
GENERAL
INFORMATION
|
Ref. No. |
YPCVL/ 4184/ Corp./2009-10 |
|
|
|
|
Purpose for which valuation made |
To ascertain present FMV for Corporation Bank, SME – Marol |
|
|
|
|
Fresh Valuation/ Revaluation |
Fresh Valuation for YPCVL |
|
|
|
|
Visit Date of Which Valuation Made |
15.10.2009 |
|
|
|
|
Name of the Owner/ Owners |
Mr. Cheruparambil Prabhakaran Sanjeevan and Mrs. Anitha Sanjeevan |
|
|
|
|
If the Property is under joint Ownership/ share of Each Owner. IS the
share undivided? |
Joint Ownership |
|
|
|
|
Brief description of Property |
Flat No.108, 1st Floor, B Wing, Pearl apartment
Co-operative Housing Society Limited, Sunder Nagar, Village – Bolinj, Virar
(West), Thane Brief
Description: The residential property Flat No. 108 on 1st Floor, B wing
of Pearl Apartment co-operating Housing society limited, situated at above
address is about 1-2 kms away from Virar railway station. All civic amenities
are near and within easy reach. The residential property building is of Ground + upper floors. It is
RCC framed structure with RCC columns, beams, slabs etc and having RCC
staircase to upper floors. Landmark: Near Property is
bounded by: North: South: East: West: Amenities of the
Property: Ceramic tiles flooring in all rooms, wooden simple doors, aluminum
sliding windows, granite kitchen platform with S.S. sink, concealed wiring
and open plumbing, 1 Indian W.C. / bath with ceramic tile flooring etc. Accommodation: Accommodation provided in Flat is consists of 1 hall, 1 kitchen, 1
bedroom with W/C/ Area As per measurement the carpet area of Flat is 401 sq. ft. As per agreement the built up area of flat is 510 sq. ft., which is
considered for valuation. Note and
Limitation They consider the area given in the agreement, declared by the party
and submitted for registration with the government authorities as final for
valuation purpose. Any are that is not stated in the agreement is not
considered for valuation. The Property identified
with Mr. Nikhil Devis (Owners Neighbor), Flat No.108 and Name of the owner is
mentioned on the main door frame society name board does not exist. Copy of the approved plans not given for their verification and the
same may be obtained from the owner. Disclaimers and
Caveats The Bank is advised to consider the CIBIL Report of the Customer
before disbursement/ enhancement of the loan to safeguard the interests of
the Bank from probable loss due to disbursal of loan amount. The valuer
should not be held responsible due to the deviations of the bank for any
reasons. The valuation is based on their experience and knowledge and this is
an opinion only and dose not stand as a guarantee for the value it can fetch
if disposed, due to any emergency, in future. The legal documents pertaining to the ownership of the above said
property has been referred to on its face value and that is presumed that
Bank has got the same verified through its legal counsel. They do not certify
the veracity of the documents. This report does not certify valid or legal or
marketable title of any of the parties over the property. The report does not
cover verification of ownership, title clearance, or legality and subject to
adequacy of engineering / structural design. The valuation is only for the use of the party to whom it is addressed
and no responsibility is accepted to any third party for the whole or any part
of its contents. Encumbrances of Loan, Government and other dues, stamp duly,
registration charges, transfer charges etc. if any are not considered in the
valuation. They have assumed that the assets are free from encumbrances. Wherever possible the internal dimensions of the premises are measured
to arrive at carpet area and where this is not possible, due to some reasons,
they refer to the area mentioned in society bill the plan (if available) from
the copy of agreement and for the present trend of Built up / Super built up
area. The loading upto 33.33% is normally considered on the carpet area to
arrive at Built up area / Super Built up area as per the judgment given by
the MRTP commission. The value given in their report is only an opinion on the FMV as on
date. If there is any opinion from others/ valuers about increase or decrease
in the value of the assets valued by them, they should not be held
responsible as the views vary from person to person and based on
circumstances. The principle of “Buyers Beware” is applicable in case of any
sale / purchases of assets. This report should be read alone, with legal due diligence report.
Value assigned herein is subject to this stipulation. It is presumed that the
Xerox o documents are taken from the originals duly tested and verified at
ultra violet lamp machine (UVL) about veracity. It should be noted that YPCVL’s value assessments are based upon the
facts and evidence available at the time assessment. It is therefore
recommended that the value assessments be periodically reviewed. |
|
|
|
|
Location, street, ward No. |
Flat No. 108, 1st Floor, B Wing, |
|
|
|
|
Survey /Plot No. of land |
Survey No. 363, H No. 1 of Village Bolinj |
|
|
|
|
Is the property situated in residential/ commercial/ mixed/ industrial
area? |
Residential Area |
|
|
|
|
Classification of locality- high class/ middle class/ poor class. |
Middle Class |
|
|
|
|
Proximity to civic amenities like schools, offices, hospitals, market,
cinemas, Railways etc. |
All civic amenities are available within easy reach. |
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Taxi, bus, auto, private vehicles etc. |
|
|
|
|
Is the property owner occupied, tenant, or both |
Vacant at the time of Inspection
|
|
|
|
|
If partly occupied, specify portion and extent of area under owner
occupation. |
Vacant at the time of Inspection
|
|
|
|
|
Name and registration no. of co-op. Housing Society |
Pearl apartment Co-operative Housing society Limited Regn No. TNA (VSI)/ Hsg/ TC/ 2142/1987-88 Date: 29.03.1988 |
|
|
|
|
Share Certificate No. And Face valuer |
Share certification No.06, bearing No. 26 to 30, having 5 shares of
Rs.50/- each. |
|
|
|
|
SALES AND
MARKETABILITY |
|
|
Give instances of sale of immovable property in the locality on a separate
sheet, including the name and address of the’ property, registration No.,
sale price and area land sold. |
Sales instances are not readily available. As such, local estate
agent, builders and other related agencies were contacted to ascertain fair market
value. |
|
|
|
|
Market rates adopted |
Prevalent Market Rate: Rs.1600/- to Rs.2300/- per sq. ft. Rate considered for Valuation: Composite rate: Rs.1800/- per sq. ft. Cost f Land: Rs.1000/- per sq. ft. Cost of Construction: Rs.800/- per sq. ft. Factors Considered for Valuation: Location and Locality, facility and amenities, quality of
construction, residuals life of building, business potential, supply of
demand, local nearby enquiry, market feed back of investigation. |
|
|
|
|
If sale instances are not available or relied upon, basis of arriving
at the land, rate. |
Enquired with local. Architects and Real estate consultants about the
current market rates in that area and on this basis, property is valued under
“Selling Price Method”. |
|
|
|
|
PRESENT FAIR
MARKET VALUATION |
|
|
Valuation = Area
x Rate |
|
|
A) Cost of Land |
|
|
Built up Area |
510 sq. ft. |
|
Rate adopted for Valuation |
Rs.1000/- per sq. ft. |
|
Value |
Rs.0.510 Million |
|
|
|
|
B) Cost of Construction
(Insurance Value) |
|
|
Built up Area |
510 sq. ft. |
|
Rate adopted for Valuation |
Rs.800/- per sq. ft. |
|
Value |
Rs.0.408 Million |
|
|
|
|
Total |
= A + B = Rs.0.510
Million + Rs.0.408 Million = Rs.0.918
Million |
|
|
|
|
Distress |
Rs.0.734
Millions |
TECHNICAL DETAILS FOR THE PREMISES
|
No. of Floors and height of each floor |
Ground + 2 Upper Floors Height: 9’ |
|
|
|
|
Location and Plinth Area |
Flat No.108, 1st Floor Carpet Area – 401 sq. ft. – Measurement Built up area – 510 sq. ft. – Agreement |
|
|
|
|
Year of Construction |
Year – 1988 Age of Building – 21 years |
|
|
|
|
Estimated Future/ Residual Life |
29 years (Subject to proper repair and maintenance of the
building) |
|
|
|
|
Type of Construction |
RCC Framed Structure |
|
|
|
|
Type of Foundations |
RCC Footings |
|
|
|
|
WALLS |
|
|
External Walls |
9” thick brick masonry walls both sides plastered |
|
Partitions |
4 1/2” thick brick
masonry walls both sides plastered |
|
|
|
|
Door and Windows (Floor-wise) |
Simple wooden flush doors and aluminium sliding
windows. |
|
|
|
|
Flooring (Floor-wise) |
Ceramic tiles flooring. |
|
|
|
|
Finished and Maintenance |
Average |
|
|
|
|
Roofing and Terracing |
RCC Slab Roof |
|
|
|
|
Special Architectural or decorative features |
|
|
|
|
|
Internal Wiring surface or conduit |
Concealed Wiring |
|
|
|
|
Class of fitting superior/ Ordinary/ Poor |
Ordinary |
|
|
|
|
Sanitary Installations |
1 Indian W.C. and |
|
Class of fittings superior coloured/ superior white/
ordinary |
Ordinary |
|
|
|
|
Compound wall |
Exist Along the boundary of plot |
|
|
|
|
No. of lifts and capacity |
No Lifts |
|
|
|
|
Underground Sump |
Existing |
|
|
|
|
Capacity |
Sufficient as per requirement |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Overhead Tank |
Existing |
|
|
|
|
Where located |
On Terrace |
|
|
|
|
Capacity |
Sufficient as per requirement |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Pumps Nos. and their horsepower |
2 Pumps |
|
|
|
|
Road and paving within the compound, approx area. |
Plain Cement Concrete |
|
|
|
|
Sewage disposal, whether connected to public sewers. If
Septic tanks provided, no and capacity. |
As per local norms |
|
|
|
|
Regards to aesthetics and environment |
|
|
|
|
|
Safety Considerations fires, earthquakes, and tides |
Not found |
------------------------------------------------------------------------------------------------------------------------------
REPORT OF VALUATION OF IMMOVABLE PROPERTY
PART
- I
GENERAL
INFORMATION
|
Ref. No. |
YPCVL/ 4139/ Corp./ 2009-10 |
|
|
|
|
Purpose for which valuation made |
To ascertain present FMV for Corporation Bank, Marol – SME |
|
|
|
|
Fresh Valuation/ Revaluation |
Fresh Valuation for YPCVL |
|
|
|
|
Visit Date of Which Valuation Made |
14.10.2009 |
|
|
|
|
Name of the Owner/ Owners |
Mr. C. P. Sanjeevan (Director of Cargo Placement and shipping Agencies private
Limited) |
|
|
|
|
If the Property is under joint Ownership/ share of Each Owner. IS the
share undivided? |
Company Ownership |
|
|
|
|
Brief description of Property |
Unit No. 227, 2nd Floor, Sahar Cargo Estate, V.M. Shah Marg,
J. B. Nagar, Sahar Village, Behind GBC Bank, Andheri – East, Mumbai – 400099. Brief
Description: The Industrial property Unit No. 227 on 2nd Floor of Sahar
Cargo Estate situated at above address is about 3 kms away from Andheri
(east) railway station or bus depot. All civic amenities are nearby and
within easy reach. The Industrial property building is of Basement + Ground + 3 (part)
uopper floors. It is RCC framed structure with RCC columns, beams, slabs etc
and having staircase with 2 lifts for access to upper floors. Landmark: Opposite Greater Bombay Bank. Property is
bounded by: North: South: BGC Bank East: Road West: Zirma House Amenities of the
Property: Vitrified Flooring, aluminium powder coated sliding window, glass
wooden frame door, granite platform pantry, M. S. Rolling shutter door,
concealed wiring and plumbing. Accommodation: Accommodation provided consists of reception, staff area, cabin with toilet,
(Wooden loft area constructed by supported Z beam channel, but this are is
not considered in valuation) As per measurement the carpet area is 550 sq. ft. As per agreement the built up area is 66.23 sq. mtrs. i.e. 713 sq.
ft., which is considered for valuation. Note and
Limitation Property identified with Mrs. Anita (directors wife) Unit No.227 is
mentioned on the main door wall. No. notice board observed. Copy of the approved plans not given for their verification and the
same may be obtained from the owner. They consider the are given in the agreement, declared by the party and submitted for registration with the
government authorities as final for valuation purpose. Any area that is not
stated in the agreement is not considered for valuation. Disclaimers and
Caveats The Bank is advised to consider the CIBIL Report of the Customer
before disbursement/ enhancement of the loan to safeguard the interests of
the Bank from probable loss due to disbursal of loan amount. The valuer
should not be held responsible due to the deviations of the bank for any
reasons. The valuation is based on their experience and knowledge and this is
an opinion only and dose not stand as a guarantee for the value it can fetch
if disposed, due to any emergency, in future. The legal documents pertaining to the ownership of the above said
property has been referred to on its face value and that is presumed that
Bank has got the same verified through its legal counsel. They do not certify
the veracity of the documents. This report does not certify valid or legal or
marketable title of any of the parties over the property. The report does not
cover verification of ownership, title clearance, or legality and subject to
adequacy of engineering / structural design. The valuation is only for the use of the party to whom it is addressed
and no responsibility is accepted to any third party for the whole or any
part of its contents. Encumbrances of Loan, Government and other dues, stamp duly, registration
charges, transfer charges etc. if any are not considered in the valuation.
They have assumed that the assets are free from encumbrances. Wherever possible the internal dimensions of the premises are measured
to arrive at carpet area and where this is not possible, due to some reasons,
they refer to the area mentioned in society bill the plan (if available) from
the copy of agreement and for the present trend of Built up / Super built up
area. The loading upto 33.33% is normally considered on the carpet area to
arrive at Built up area / Super Built up area as per the judgment given by
the MRTP commission. The report should be read along with disclaimers. The value given in
their report is only an opinion on the FMV as on date. If there is any opinion
from others/ valuers about increase or decrease in the value of the assets
valued by them, they should not be held responsible as the views vary from
person to person and based on circumstances. The principle of “Buyers Beware”
is applicable in case of any sale / purchases of assets. This report should be read alone, with legal due diligence report.
Value assigned herein is subject to this stipulation. It is presumed that the
Xerox o documents are taken from the originals duly tested and verified at
ultra violet lamp machine (UVL) about veracity. It should be noted that YPCVL’s value assessments are based upon the
facts and evidence available at the time assessment. It is therefore
recommended that the value assessments be periodically reviewed. |
|
|
|
|
Location, street, ward No. |
Unit No. 227, 2nd Floor, Sahar Cargo Estate, V.M. Shah
Marg, J. B. Nagar, Sahar Village, Behind GBC Bank, Andheri – East, Mumbai –
400099. |
|
|
|
|
Survey /Plot No. of land |
CTS No. 152 A, |
|
|
|
|
Is the property situated in residential/ commercial/ mixed/ industrial
area? |
Industrial Area |
|
|
|
|
Classification of locality- high class/ middle class/ poor class. |
Middle Class |
|
|
|
|
Proximity to civic amenities like schools, offices, hospitals, market,
cinemas, Railways etc. |
All civic amenities are available within easy reach. |
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Taxi, bus, auto, private vehicles etc. |
|
|
|
|
Is the property owner occupied, tenant, or both |
Owner Occupied |
|
|
|
|
If partly occupied, specify portion and extent of area under owner
occupation. |
Owner Occupied |
|
|
|
|
Name and registration no. of co-op. Housing Society |
Society Not Formed |
|
|
|
|
Share Certificate No. And Face valuer |
Not Applicable |
|
|
|
|
SALES AND
MARKETABILITY |
|
|
Give instances of sale of immovable property in the locality on a separate
sheet, including the name and address of the’ property, registration No.,
sale price and area land sold. |
Sales instances are not readily available. As such, local estate
agent, builders and other related agencies were contacted to ascertain fair market
value. |
|
|
|
|
Market rates adopted |
Prevalent Market Rate: Rs.8000/- to Rs.12000/- per sq. ft. Rate considered for Valuation: Composite rate: Rs.11500/- per sq. ft. Cost of Land: Rs.10300/- per sq. ft. Cost of Construction: Rs.1200/- per sq. ft. Factors Considered for Valuation: Location and Locality, facility and amenities, quality of
construction, residuals life of building, business potential, supply of
demand, local nearby enquiry, market feed back of investigation. |
|
|
|
|
If sale instances are not available or relied upon, basis of arriving
at the land, rate. |
Enquired with local Architects and Real estate consultants about the current
market rates in that area and on this basis, property is valued under
“Selling Price Method”. |
|
|
|
|
PRESENT FAIR
MARKET VALUATION |
|
|
Valuation = Area
x Rate |
|
|
A) Cost of Land |
|
|
Built up Area |
713 sq. ft. |
|
Rate adopted for Valuation |
Rs.10300/- per sq. ft. |
|
Value |
Rs.7.344
Millions |
|
|
|
|
B) Cost of
Construction (Insurance Value) |
|
|
Built up Area |
713 sq. ft. |
|
Rate adopted for Valuation |
Rs.1200/- per sq. ft. |
|
Value |
Rs.0.856 Million |
|
|
|
|
Total |
= A + B = Rs.7.344
Millions + Rs.0.856 Million = Rs.8.200
Millions |
|
|
|
|
Distress |
Rs.6.560
Millions |
TECHNICAL DETAILS FOR THE PREMISES
|
No. of Floors and height of each floor |
Basement + Ground + 3 Upper Floors Height: 11’ Floor to Floor |
|
|
|
|
Location and Plinth Area |
Unit No.227, 2nd Floor, Carpet Area – 550 sq. ft. – Measurement Built up area – 66.23 sq. mtr. i.e. 713 sq. ft. –
agreement |
|
|
|
|
Year of Construction |
1997 |
|
|
|
|
Estimated Future/ Residual Life |
48 years (Subject to proper repair and maintenance of the
building) |
|
|
|
|
Type of Construction |
RCC Framed Structure |
|
|
|
|
Type of Foundations |
RCC Footings |
|
|
|
|
WALLS |
|
|
External Walls |
9” thick brick masonry walls both sides plastered |
|
Partitions |
4 1/2” thick brick
masonry walls both sides plastered |
|
|
|
|
Door and Windows (Floor-wise) |
Aluminum Powder coated sliding window and glass wooden
frame door, MS Rolling shutter. |
|
|
|
|
Flooring (Floor-wise) |
Vitrified tiles flooring. |
|
|
|
|
Finished and Maintenance |
Good |
|
|
|
|
Roofing and Terracing |
RCC Slab Roof |
|
|
|
|
Special Architectural or decorative features |
|
|
|
|
|
Internal Wiring surface or conduit |
Concealed Wiring |
|
|
|
|
Class of fitting superior/ Ordinary/ Poor |
Ordinary |
|
|
|
|
Sanitary Installations |
1 European W.C. |
|
Class of fittings superior coloured/ superior white/
ordinary |
Superior White |
|
|
|
|
Compound wall |
Exist Along the boundary of Building |
|
|
|
|
No. of lifts and capacity |
No Lifts |
|
|
|
|
Underground Sump |
Existing |
|
|
|
|
Capacity |
Sufficient as per requirement |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Overhead Tank |
Existing |
|
|
|
|
Where located |
On Terrace |
|
|
|
|
Capacity |
Sufficient as per requirement |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Pumps Nos. and their horsepower |
2 Pumps |
|
|
|
|
Road and paving within the compound, approx area. |
Plain Cement Concrete |
|
|
|
|
Sewage disposal, whether connected to public sewers. If
Septic tanks provided, no and capacity. |
As per local norms |
|
|
|
|
Regards to aesthetics and environment |
|
|
|
|
|
Safety Considerations fires, earthquakes, and tides |
Fire Fighting equipment Provided. |
------------------------------------------------------------------------------------------------------------------------------
NOTE:
The Registered Office of the company has been shifted from, A102, EDEN
II, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra, India, to the
present address w.e.f. 29.09.2008.
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
§
United Phosphorus Limited
Uniphos House,
Tel No.: 91-22-26468196
Mr. Ravi – Sr. Executive Imports
§
Aban Offshore Limited
No. 8 and 9, Vikas Centre, S. V. Road,
Santacruz (West), Mumbai – 400054, Maharashtra, India
Tel No. : 91-22-26616016
Mr. Prakash More – Dy. Mahagar
§
Endeka Ceramics India Private Limited
756/8-9, Jhagadia GIDC Estate, Jhagadia –
393110
Tel No. 91-2645-226250
Mr. Manish
§
Sequent Scientific Limited
Tel No. 91-217-23482
Mr. Sudhakar
§
Exclusive Steel Private Limited, Ahmedabad
Tel. No.: 91-79-22900797
Mr. Ratan
§
Shriji Polymers (
Tel. No.: 91-734-2510144
Mr. K.K. Singh
------------------------------------------------------------------------------------------------------------------------------
FORM 8:
|
Corporate
identity number of the company |
U63000MH2005PTC154384 |
|
Name of the
company |
Cargo Placement and Shipping Agencies Private Limited |
|
Address of the
registered office or of the principal place of business in |
227, Sahar Cargo Estate, Near Bombay Cambridge School, J.B. Nagar,
Andheri (East), Mumbai – 400099, Maharashtra, India |
|
This form is for |
Modification of Charge |
|
Type of charge |
Immovable
Property Book Debts Movable Property
(Not being Pledge) Other: Current
and fixed Assets |
|
Particular of
charge holder |
Corporate Bank SME-Marol Branch,
Sarhar Bonanza Plaza, Marol, Andheri Kurla Road, Andheri – East, Mumbai –
400059, Maharashtra, India |
|
Nature of
instrument creating charge |
1. Supplemental common
deed of hypothecation 2. Letter of
continuity (all the above
agreement constitute a single charge) |
|
Date of
instrument Creating the charge |
03.12.2009 |
|
Amount secured by
the charge |
Rs.21.133
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: As stipulated by
bank from time to time Terms of
Repayment: As stipulated by
bank from time to time Margin: As stipulated by
bank from time to time Extent and
Operation of the charge First Charge
(Present and Future) = Total Limit Rs.21.133 Million (Cash Credit = Rs.20.000
Millions and Term Loan Rs.0.033 Millions) Others: As stipulated by
bank from time to time |
|
Particulars of
the property charged |
First Charge
(Present and Future)- Hypothecation of all Book Debts and Receivables Hypothecation of
all Current Assets, Movable and Fixed Assets including all Plant and
Machinery, Furniture Fixtures, Electrical Equipments etc. EMG of office property
bearing Unit No 227, Sahar Cargo Estate, CTS No 152, Sahar Village, V. M.
Shah Marg, Andheri-East, Mumbai 99. |
|
Particulars of
the present modification |
By this
modification limit stands to Rs.21.133 Millions (Cash Credit= Rs.20.000
Millions, Term Loan Rs.0.033 Millions), continued security as given by
original Charge as well as by modifications, Terms and Conditions. |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
·
Air Conditioner
·
Camera
·
Telephone Instruments
·
Office Equipments
·
Computers
·
Office Furniture
·
Xerox Machine
·
Vehicle (
·
Vehicles (Tata ACE)
·
Office at Andheri
·
TVS Scooty
------------------------------------------------------------------------------------------------------------------------------
WEBSITE DETAILS:
PROFILE:
With the advent of a globalised economy, increased liberalisation and
erasure of restricted trade, free movement of goods has grown by leaps and
bounds. It has also made international freight forwarding increasingly complex,
imposing heavy demands on clearing agencies in terms of documentation,
procedures, policies, monitoring, checks and day-to-day updates.
Taking a dynamic turn to meeting tomorrow's needs today is Cargo Placement, a company
established two decades ago, to render professional services to customers. The
commitment to respond to changing trends, speed of transportation and
technological advancement, has today helped the company establish a worldwide
base making Cargo Placement,
a distinctive solutions provider in international freight forwarding. The
company is an MTO (Multimodel Transport Operator) approved by the Director
General of Shipping. With wide options and packages in transportation modes,
warehousing facilities and distribution services, the company makes world-wide
movement of goods, a door-to-door experience! The company has a dedicated team
of professionals committed to exploring the best offer in terms of delivery
schedules and rate packages. Their integrity and efficiency has gone a long way
in attracting a noteworthy list of prestigious clients, making Cargo Placement, a forerunner in
the business.
Services
Export
- Consultancy
on Policy, Procedures,
- Tariff and
Project Exports
- Documentation
- Transportation
- Customs
clearance
- Port
clearance
- Palletisation
- Freight
bookings
- Warehousing
- Pre-shipment
documentation
- Post-shipment
documentation
- Drawback
claims
- DEEC auditing
- DGFT matters
Special Features
- Daily updates
and follow-ups
- Representative
offices all over the country
- International
Logistic support
- Guaranteed
clearance within free period
- Excellent
rapport with related departments and offices
- Personalised
services
Special Services
- Facility for
trading in Bond
- Re-export to
third country.
- Clearance
under licences.
- Clearance for
EOUs, STPIs and SEZs.
Import
- Consultancy on
Policy, Procedures, Tariff and Project Imports
- Pre-shipment
documentation
- Project
Registration
- Customs
clearance
- Port
clearance
- Transportation
including ODC's
- Manpower
supply and site handling
- Post Shipment
documentation
- Warehousing
and distribution
- Reconciliation
of projects
Projects
Some of the
prestigious names whose projects he has undertaken for documentation, clearing
and transportation of vital machinery, include;
- Phase II Client : Hyundai Corporation
- Sanjay Gandhi PGI of Medical Science,
- 2x500 MW Anpara Thermal Power Station,
UPSEB Client: Mitsui and Company Limited
- Purulia Hydel Project, WBSEB Client:
Toshiba Corporation
- Paras Dairy Group second hand dairy
products manufacturing units
- Mangalore Refinery and Petrochemicals
Limited
- Various projects of NTPC
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.45.13 |
|
|
1 |
Rs.73.36 |
|
Euro |
1 |
Rs.63.06 |
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.