MIRA
INFORM REPORT
|
Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SANMATI INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3, Lamba Bazar, |
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
29.05.2009 |
|
|
|
|
Com. Reg. No.: |
20-37472 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106UP2009PTC037472 |
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|
|
|
PAN No.: [Permanent Account No.] |
AANCS1728B |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Manufacturer of Stone Grit. |
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 : |
Unknown |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a new company and yet to commence commercial operations.
The valuation report provided is of a lower value than the transaction
amount. The networth statement provided however seems to be satisfactory. No
further details or payment could be made available. It would be advisable to take adequate securities while dealing with
the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
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. Subodh Jain (Relative) |
|
Contact No.: |
91-9457392120 |
|
Date : |
17.02.2011 |
LOCATIONS
|
Registered Office : |
3, Lamba Bazar, |
|
E-Mail : |
|
|
Area : |
84 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Village Arazi Javdi Thesail Bheat District |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Muzaffar Nagar, |
|
Location : |
Owned |
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Pradeep Jain |
|
Designation : |
Director |
|
Address : |
97-Krishnapuri, Muzaffarnagar – 251002, |
|
Date of Birth/Age : |
21.02.1968 |
|
Qualification : |
Graduate |
|
Experience : |
15 years |
|
Date of Appointment : |
30.09.2010 |
|
|
|
|
Name : |
Mrs. Sunita Jain |
|
Designation : |
Director |
|
Address : |
97-Krishnapuri, Muzaffarnagar – 251002, |
|
Date of Birth/Age : |
08.05.1966 |
|
Qualification : |
Graduate |
|
Experience : |
12 years |
|
Date of Appointment : |
29.05.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Pradeep Jain |
|
5000 |
|
Sunita Jain |
|
5000 |
|
|
|
|
|
Total |
|
10000 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Stone Grit. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
PRODUCTION STATUS
|
Particulars |
Units |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Stone Grit |
MT |
250000 |
NA |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
|
|
|
|
No. of Employees : |
40 (Office – 10, Factory – 25 and Branch – 5) |
|
|
|
|
Bankers : |
· Corporation Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta Tayal and Associates Chartered Accountant |
|
Address : |
31/50, South Civil Lines, Siddharth Colony, Muzaffarnagar – 251001, |
|
|
|
|
Name : |
Sanjay Hyman Tayal Chartered Accountant |
|
Address : |
Sidharth Colony, Muzaffarnagar, |
|
Mobile No.: |
91-9837194836 |
|
|
|
|
Associates/Subsidiaries : |
· Yashashvi Industries 138, Line of Business: Trading Iron · Ruda Mal Narender Kumar Jain |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Share |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
2.122 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.222 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.222 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.148 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.141 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.700 |
|
Total
Current Assets |
|
|
0.841 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.970 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.970 |
|
|
Net Current Assets |
|
|
(0.129) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.174 |
|
|
Development Expenditure |
|
|
0.029 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.222 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2010 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.87 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
1st Year |
2nd Year |
3rd Year |
|
|
PROJECTED |
||
|
|
|
|
|
|
Gross Sales |
43.484 |
51.786 |
56.530 |
|
|
|
|
|
|
Less : Excise Duty |
0.000 |
0.00 |
0.000 |
|
|
|
|
|
|
Net Sales |
43.484 |
51.786 |
56.530 |
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
-- |
-- |
-- |
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
Raw Materials Consumed (Including Stores and
Other Items Used in the Process of Manufacture) |
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
|
Indigenous |
20.625 |
22.688 |
24.750 |
|
|
|
|
|
|
Others Stores and Spares |
2.250 |
2.475 |
2.700 |
|
|
|
|
|
|
Power and Electricity |
6.000 |
6.600 |
7.200 |
|
Direct Labour |
3.072 |
3.379 |
3.717 |
|
Repairs and Maintenance |
0.500 |
0.600 |
0.700 |
|
Other Manufacturing Expenses |
1.500 |
1.650 |
1.800 |
|
Depreciation |
3.806 |
3.267 |
2.806 |
|
|
|
|
|
|
Sub
Total |
37.753 |
40.659 |
43.673 |
|
|
|
|
|
|
Add: Opening stocks in process |
0.000 |
0.111 |
0.123 |
|
|
|
|
|
|
Deduct:
Closing stocks in process |
3.440 |
3.770 |
3.992 |
|
|
|
|
|
|
Cost
of production |
37.642 |
40.648 |
43.662 |
|
|
|
|
|
|
Add: Opening stock of finished goods |
0.000 |
3.440 |
3.770 |
|
|
|
|
|
|
Deduct : Closing stock of finished goods |
3.440 |
3.770 |
3.992 |
|
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
34.202 |
40.318 |
43.440 |
|
|
|
|
|
|
Selling, General and Administrative Expenses |
1.235 |
1.368 |
1.465 |
|
|
|
|
|
|
Operating
Profit |
5.247 |
6.399 |
8.327 |
|
|
|
|
|
|
Other Income/ Expenses |
|
|
|
|
Add Income |
0.000 |
0.000 |
0.000 |
|
Deduct Expenses |
0.040 |
0.040 |
0.040 |
|
|
|
|
|
|
Sub
Total |
(0.040) |
(0.040) |
(0.040) |
|
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
5.207 |
6.359 |
8.287 |
|
|
|
|
|
|
Corporates taxes |
1.609 |
1.965 |
2.561 |
|
|
|
|
|
|
Net Profit
/ Loss [PAT] |
3.598 |
4.394 |
5.726 |
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Retained Profit |
3.598 |
4.394 |
5.726 |
------------------------------------------------------------------------------------------------------------------------------
BALANCER SHEET
(RS.
IN MILLIONS)
|
Particulars |
1st Year |
2nd Year |
3rd Year |
|
|
PROJECTED |
||
|
CURRENT LIABILITIES |
|
|
|
|
Short term borrowings from banks
(Including bills purchased, discounted and excess borrowings placed on
repayment bases) |
|
|
|
|
From applicant bank |
8.000 |
8.000 |
8.000 |
|
From other banks |
0.000 |
0.000 |
0.000 |
|
Of which BP&BD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub Total (A) |
8.000 |
8.000 |
8.000 |
|
|
|
|
|
|
Short term borrowings from others |
0.000 |
0.000 |
0.000 |
|
Sundry creditors(trade) |
0.000 |
0.000 |
0.000 |
|
Advance payments from customers/deposits
from dealers |
0.000 |
0.000 |
0.000 |
|
Provision for taxation |
1.609 |
1.965 |
2.561 |
|
Dividend payable/expenses payable |
0.000 |
0.000 |
0.000 |
|
Other statutory liabilities(payable within
one year) |
0.000 |
0.000 |
0.000 |
|
Deposits/ Installments of term loans/
DPGs/ debentures, etc.(due within one year) |
2.786 |
2.786 |
2.786 |
|
Other current liabilities and
provisions(due within one year)--specify major items |
0.100 |
0.110 |
0.120 |
|
Creditors for expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
OTHER CURRENT
LIABILITIES (SUB TOTAL) |
4.495 |
4.861 |
5.467 |
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
12.495 |
12.860 |
13.466 |
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
Debentures [not maturing within one year] |
0.000 |
0.000 |
0.000 |
|
Preference Shares [Redeemable after 1 year] |
0.000 |
0.000 |
0.000 |
|
Term loans [excluding installments payable within
one year] |
16.018 |
13.232 |
10.446 |
|
Loans (Unsecured from Promoters) |
0.000 |
0.000 |
0.000 |
|
Deferred Sales Tax / Deferred Loan Deferred Payment Credit
[Excluding installments due within one year] |
0.000 |
0.000 |
0.000 |
|
Term deposit [repayable after one year] |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities |
6.000 |
6.000 |
5.500 |
|
|
|
|
|
|
TOTAL TERM
LIABILITIES |
22.018 |
19.232 |
15.946 |
|
|
|
|
|
|
TOTAL
OUT LIABILITIES |
34.513 |
32.092 |
29.413 |
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
Ordinary Shares Capital
|
14.768 |
14.768 |
14.768 |
|
Preference Shares
capital |
0.000 |
0.000 |
0.000 |
|
Share Application Money |
0.000 |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
|
Shares Premium |
0.000 |
0.000 |
0.000 |
|
Other reserve |
0.000 |
0.000 |
0.000 |
|
Surplus [+] or deficit [-] in Profit and Loss Account |
3.598 |
7.992 |
13.718 |
|
Other (Specify) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
NET WORTH |
18.366 |
22.760 |
28.486 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
52.878 |
54.852 |
57.898 |
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
6.748 |
10.294 |
14.701 |
|
|
|
|
|
|
Investments |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Receivable |
4.620 |
5.502 |
6.006 |
|
|
|
|
|
|
INVENTORY
|
|
|
|
|
|
|
|
|
|
Raw Material Consumed |
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
|
Indigenous |
1.031 |
1.134 |
1.238 |
|
|
|
|
|
|
Stock in Process |
0.111 |
0.123 |
0.134 |
|
Finished Goods |
3.440 |
3.770 |
3.992 |
|
|
|
|
|
|
Other Consumable Spares |
1.750 |
1.775 |
1.800 |
|
|
|
|
|
|
Advances Suppliers of Stores and Spares |
0.000 |
0.000 |
0.000 |
|
Advances Payment of Taxes
|
1.609 |
1.965 |
2.561 |
|
Other Current Assets |
0.147 |
0.175 |
0.200 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
19.457 |
24.738 |
30.630 |
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
Gross Block (Land and Building, Machinery,
Work-In-Progress) |
37.012 |
37.012 |
37.012 |
|
Depreciation to date |
3.806 |
7.074 |
9.880 |
|
|
|
|
|
|
NET BLOCK |
33.205 |
29.938 |
27.132 |
|
|
|
|
|
|
OTHER
NON – CURRENT ASSETS |
|
|
|
|
Investments/ book/ debts/ advances/ deposits which are not
Current Assts |
|
|
|
|
a. Deposits |
0.000 |
0.000 |
0.000 |
|
b. FD for Margin Money with Bank for L/C and B/ G |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
ii] Advances to suppliers of capital goods and contractors
|
0.000 |
0.000 |
0.000 |
|
iii] Deferred receivables [maturity exceeding one year] |
0.000 |
0.000 |
0.000 |
|
iv] Others |
0.000 |
0.000 |
0.000 |
|
Miscellaneous Deposits |
0.000 |
0.000 |
0.000 |
|
Non consumables Stores and Spares |
0.056 |
0.056 |
0.056 |
|
|
|
|
|
|
Other non – current assets including dues from directors
(Deferred Tax Assets) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
0.056 |
0.056 |
0.056 |
|
|
|
|
|
|
Intangible assets [Patents, goodwill, prelim, expenses,
bad/ doubtful expenses Not provided for etc.] |
0.160 |
0.120 |
0.080 |
|
|
|
|
|
|
TOTAL
ASSETS |
52.878 |
54.852 |
57.898 |
|
|
|
|
|
|
TANGIBLE
NET WORTH |
18.206 |
22.640 |
28.406 |
|
|
|
|
|
|
NET
WORKING CAPITAL |
6.962 |
11.878 |
17.164 |
---------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLIONS)
|
Particular |
1st Year |
2nd Year |
3rd Year |
|
|
PROJECTED |
||
|
A CURRENT ASSETS |
|
|
|
|
Raw Materials |
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.000 |
0.000 |
0.000 |
|
Indigenous |
1.031 |
1.134 |
1.238 |
|
Months Consumption |
15 |
15 |
15 |
|
|
|
|
|
|
Other consumable spares (Excluding those
included 1 above) |
1.750 |
1.775 |
1.800 |
|
Months Consumption |
-- |
-- |
-- |
|
|
|
|
|
|
Stock in process |
0.111 |
0.123 |
0.134 |
|
Months cost of production |
1 |
1 |
1 |
|
|
|
|
|
|
Finished goods |
3.440 |
3.770 |
3.992 |
|
Months cost of sales |
30 |
30 |
30 |
|
|
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
4.620 |
5.502 |
6.006 |
|
Months domestic sales |
45 |
45 |
45 |
|
[excluding deferred payment sales] |
|
|
|
|
|
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers |
0.000 |
0.000 |
0.000 |
|
[months export sales] |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Advances to suppliers of raw materials and
stores / spares consumable |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
8.504 |
12.434 |
17.461 |
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
19.457 |
24.738 |
30.630 |
|
|
|
|
|
|
B CURRENT LIABILITIES |
|
|
|
|
[Other than bank borrowing for working
capital] |
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
0.000 |
0.000 |
0.000 |
|
Months Consumption |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Advances from customers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Statutory liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other current liability including short term
borrowing dividend payable, installment of DPG public deposit, debentures etc
|
|
|
|
|
a. Installment of Term Loans due within one
year |
2.786 |
2.786 |
2.786 |
|
b. provisions and Payable etc. |
1.709 |
2.075 |
2.681 |
|
c. SAM (Payable with in One year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total |
4.495 |
4.860 |
5.466 |
|
|
|
|
|
|
Working Capital Gap |
14.962 |
19.878 |
25.164 |
|
|
|
|
|
|
Actual/ Projected Bank Borrowings for working
Capital including bills purchased and Discounted and Excess borrowing places
on Repayment Basis |
8.000 |
8.000 |
8.000 |
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
12.495 |
12.860 |
13.466 |
|
|
|
|
|
|
Net Working Capital |
6.962 |
11.878 |
17.164 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF
MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING
CAPITAL
(RS. IN MILLIONS)
|
Particular |
1st Year |
2nd Year |
3rd Year |
|
|
PROJECTED |
||
|
(1ST
METHOD OF LANDING) |
|||
|
Working Capital Gap |
14.962 |
19.878 |
25.164 |
|
|
|
|
|
|
Min. Stipulated Net Working Capital |
3.741 |
4.969 |
6.291 |
|
|
|
|
|
|
Actual/ Projected net working capital |
6.962 |
11.878 |
17.164 |
|
|
|
|
|
|
Item 1 minus item 2 |
11.222 |
14.908 |
18.873 |
|
|
|
|
|
|
Item 1 minus item3 |
8.000 |
8.00 |
8.000 |
|
|
|
|
|
|
Maximum permissible bank finance [item 6 or 7, whichever is lower] |
8.000 |
8.000 |
8.000 |
|
|
|
|
|
|
Excess borrowings, if any representing shortfall in NWC |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2ND
METHOD OF LANDING) |
|||
|
Working Capital Gap |
14.962 |
19.878 |
25.164 |
|
|
|
|
|
|
Min. Stipulated Net Working Capital |
4.864 |
6.185 |
7.658 |
|
|
|
|
|
|
Actual/ Projected net working capital |
6.962 |
11.878 |
17.164 |
|
|
|
|
|
|
Item 8 minus item 9 |
10.098 |
13.693 |
17.507 |
|
|
|
|
|
|
Item 8 minus item 10 |
8.000 |
8.00 |
8.000 |
|
|
|
|
|
|
Maximum permissible bank finance [item 6 or 7, whichever is lower] |
8.000 |
8.000 |
8.000 |
|
|
|
|
|
|
Excess borrowings, if any representing shortfall in NWC |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
RUDAMAL NARENDRA KUMAR JAIN
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.366 |
2.082 |
1.889 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.366 |
2.082 |
1.889 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.366 |
2.082 |
1.889 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.040 |
0.051 |
0.040 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5.850 |
6.150 |
10.928 |
|
|
Sundry Debtors |
0.551 |
3.593 |
0.255 |
|
|
Cash & Bank Balances |
1.782 |
0.483 |
0.070 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
1.585 |
0.933 |
0.346 |
|
Total
Current Assets |
9.768 |
11.159 |
11.599 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
4.063 |
9.084 |
9.719 |
|
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
|
|
Provisions |
3.379 |
0.044 |
0.031 |
|
Total
Current Liabilities |
7.442 |
9.128 |
9.750 |
|
|
Net Current Assets |
2.326 |
2.031 |
1.849 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2.366 |
2.082 |
1.889 |
|
PROFIT & LOSS
ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
75.317 |
64.372 |
125.025 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
75.317 |
64.372 |
125.025 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
2.996 |
60.020 |
121.431 |
|
|
|
Direct Expenses |
1.091 |
2.410 |
2.436 |
|
|
|
Godown Rent |
0.120 |
0.120 |
0.026 |
|
|
|
Staff Welfare |
0.070 |
0.066 |
0.000 |
|
|
|
Salary |
0.585 |
0.056 |
0.348 |
|
|
|
Travelling Expenses |
0.080 |
0.083 |
0.000 |
|
|
|
Vehicles Running and Maintenance |
0.068 |
0.086 |
0.000 |
|
|
|
Generator Rent |
0.036 |
0.036 |
0.018 |
|
|
|
Generator Repairs and Maintenance |
0.033 |
0.040 |
0.000 |
|
|
|
Telephone Expenses |
0.060 |
0.056 |
0.026 |
|
|
|
Other Expenses |
69.792 |
1.028 |
0.496 |
|
|
|
TOTAL |
74.931 |
64.001 |
124.781 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.386 |
0.371 |
0.244 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.010 |
0.017 |
0.022 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.376 |
0.354 |
0.222 |
|
------------------------------------------------------------------------------------------------------------------------------
YASHASHVI
INDUSTRIES
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.350 |
0.932 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1.350 |
0.932 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.940 |
0.216 |
|
|
TOTAL BORROWING |
|
0.940 |
0.216 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2.290 |
1.148 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.044 |
0.051 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
6.047 |
4.837 |
|
|
Sundry Debtors |
|
0.407 |
0.667 |
|
|
Cash & Bank Balances |
|
1.477 |
0.697 |
|
|
Other Current Assets |
|
0.051 |
0.063 |
|
|
Loans & Advances |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
7.982 |
6.264 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
4.310 |
5.162 |
|
|
Other Current Liabilities |
|
1.426 |
0.005 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
5.736 |
5.167 |
|
|
Net Current Assets |
|
2.246 |
1.097 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2.290 |
1.148 |
|
PROFIT & LOSS
ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
93.465 |
17.244 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL (A) |
|
93.465 |
17.244 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
90.551 |
17.038 |
|
|
|
Freight Expenses |
|
0.837 |
0.017 |
|
|
|
Godown Rent |
|
0.073 |
0.018 |
|
|
|
Salary |
|
0.314 |
0.075 |
|
|
|
Office Rent |
|
0.024 |
0.006 |
|
|
|
Miscellaneous Expenses |
|
0.038 |
0.013 |
|
|
|
Conveyance |
|
0.000 |
0.024 |
|
|
|
Telephone Expenses |
|
0.042 |
0.009 |
|
|
|
Other Expenses |
|
1.111 |
0.013 |
|
|
|
TOTAL |
|
92.990 |
17.213 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.475 |
0.031 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.021 |
0.000 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.454 |
0.031 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
MRS. SUNITA JAIN
MR. PRADEEP JAIN
(RS.
IN MILLIONS)
|
ASSETS |
MRS.
SUNITA JAIN |
MR.
PRADEEP JAIN |
|
|
|
|
|
Immovable Property |
5.500 |
8.800 |
|
Investment in Business Capital |
2.710 |
2.365 |
|
Deposit held with Banks/ Companies/ Other Lender etc. |
0.018 |
0.000 |
|
Government Securities/ NSC/ NSS etc |
0.055 |
0.000 |
|
Life Insurance Policies |
0.250 |
0.250 |
|
Vehicles Owned |
1.000 |
0.000 |
|
Other Asset |
1.100 |
0.325 |
|
|
|
|
|
TOTAL ASSETS |
10.633 |
11.740 |
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
Furnish loans availed from Banks/ financial Institutions and Other
Borrowing |
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
0.942 |
0.000 |
|
|
|
|
|
NET WORTH |
RS.9.691 MILLIONS |
RS.11.740 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
BIO-DATA AND FINANCIAL STATUS OF DIRECTOR
|
Name |
MR. PRADEEP JAIN
|
|
|
|
|
Father’s Name |
Mr. Narendra Kumar Jain |
|
|
|
|
Age |
44 Years |
|
|
|
|
Qualification |
Graduate |
|
|
|
|
Address |
97, Krishnapuri, Muzaffarnagar – 251002, |
|
|
|
|
Experience |
20 years Experience of Business |
|
|
|
|
FINANCIAL STATUS
|
|
|
ASSETS : |
1. Land and Building at Khanjapur, Land area 513 sq. Mtrs. Covered Area 600 Sq. Mtrs. = Rs.3.500 Millions 2. Plot of Land measuring 200 sq. Yards at Gandhi Nagar, Muzaffarnagar = Rs.4.000 Millions 3. Land at ViII: Arazi Zewari, Tehsil Behat, District Measuring 4510 Sq. mtrs. = Rs.4.500 Millions 4. Capital in Rudamal Narendra Kurnar Jain Rs.2.365 Millions 5. 84 Sq. yards Shop at 3- Lamba Bazar, = Rs.10.000 Millions 6. Share capital with Sanmati Industries Private Limited = Rs.0.742 Millions 7.Share Capital with Sanmati Infra Estate Private Limited Rs.0.500 Millions 8. Cash and Bank Balances = Rs.3.100 Millions 9. Furniture and Jewellery = Rs.1.300 Millions 10. LIC Surrender Value = Rs.0.330 Million 11. NSC = Rs.0.150 Million |
|
TOTAL ASSETS |
RS.30.487
MILLIONS |
|
|
|
|
LIABILITIES |
Nil Note: (Mr. Pradeep Jain is Proprietor in a firm M/s Rudamal Narendra Kumar
Jain, which is availing a C.C. Limit of Rs.7.000 Millions with Corporation
Bank, Muzaffarnagar. O/s Balance as on 07.01.2011) |
|
|
|
|
NET WORTH |
RS.30.487
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
BIO-DATA AND FINANCIAL STATUS OF DIRECTOR
|
Name |
Mrs. Sunita Jain |
|
|
|
|
Husband’s Name |
Mr. Pradeep Jain |
|
|
|
|
Age |
42 years |
|
|
|
|
Qualification |
Graduate |
|
|
|
|
Address |
97, Krishnapuri, Muzaffarnagar – 251002, |
|
|
|
|
Experience |
15 years Experience of Business |
|
|
|
|
FINANCIAL STATUS
|
|
|
ASSETS : |
1. Land and Building at Khanjapur, Land area 513 sq. Mtrs. Covered Area 600 Sq. Mtrs. = Rs.3.500 Millions 2. Plot of Land measuring 200 sq. Yards at Gandhi Nagar, Muzaffarnagar = Rs.4.000 Millions 3. Capital in Business = Rs.1.710 Millions 4. Capital in Indian Steels = Rs.1.000 Million 5. Share Capital with Sanmati Industries Private Limited] = 0.600 Million 6. Loan to Sanmati Industries Private Limited = Rs.1.500 Millions 7. Share Capital with Sanmati Infra Estate Private Limited = Rs.0.170 Million 8. Jewellery = Rs.0.600 Millions 9. NSC = Rs.0.055 Million 10. Cash and Bank Balances = Rs.0.500 Millions |
|
TOTAL ASSETS |
RS.13.635
MILLIONS |
|
|
|
|
LIABILITIES |
Nil Note: (Mrs. Sunita Pradeep Jain is Proprietor in a firm M/s Yashshvi
Industries, which is availing a C.C. Limit of Rs.7.000 Millions with
Corporation Bank, Muzaffarnagar. O/s Balance as on 07.01.2011) |
|
|
|
|
NET WORTH |
RS.13.635
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY VALUATION REPORT
GENERAL
INFORMATION
|
Name of the party / purchaser and address (with door no. and survey no.) |
“M/s Sanmati Industries Private Limited Lamba Bazar. C/o Director Mr. Pradeep Jain S/o Mr. Narendra Kumar Jain. R/o — H. No. 97, Moholla — |
|
|
|
|
Name/s of the reported owner! Name /s of personal in whose name Is the
property registered and address. |
M/s Sanmati Industries Private Limited Lamba Bazar. C/o Director Mr. Pradeep Jain S/o Mr. Narendra Kumar Jain. |
|
|
|
|
Purpose of Valuation |
To assess the present fair market Value of the property for bank
purpose. |
|
|
|
|
List of documents produced for perusal |
Case No. 54/09-10, Date — 31/03/2010 Khatoni No. 00055, Khasra No. 918, 917M and 916 Date 15/07/2010. |
|
|
|
|
Date of Inspection |
26/07/2010 |
|
|
|
|
Date of valuation |
27/07/2010 |
|
|
|
|
Approximate distance from the branch to the property. |
Approximate three Kilometer |
|
|
|
|
Situation I location / brief / description of the land /site and brief
description of the building |
Industrial Property. |
|
|
|
|
Boundaries of the Property. As per
documents. Actual. - East N/A. 48.78 Mt - West N/A 48.78 Mt. - North N/A. 161.89 Mt. - South N/A 161.89 Mt. |
Road. Property of Mr. Adesh. Property of Mr. lqbal. Property of Mr. Raj beer. |
|
|
|
|
Property Tax Detail. |
-- |
|
|
|
|
General Remarks |
Industrial Property |
|
|
|
|
VALUATION
DETAILS: LAND |
|
|
The total area (extent) of the site/ land |
As per deed = 7070.00 Sq. mt. Actual = (161.89X 48.78) = 7895.91 Sq. mt. |
|
|
|
|
Description of the site/land |
|
|
|
|
|
Character of locality |
B Class |
|
Classification |
It’s a |
|
Development of surround areas. |
Developed. |
|
Is the locality subjected to frequent Flooding |
No |
|
Feasibility to the civic amenities like School. Hospital. Offices.
Markets etc. |
Approximately two kilometer |
|
Shape of the land |
Rectangular. |
|
Type of use to which it con be put |
Industrial property |
|
Any other restriction of usage |
No. |
|
Nature of right, whether eases hold free hold |
Freehold |
|
|
|
|
General remarks |
The property is situated Industrial area. |
|
|
|
|
Prevailing unit market rate |
Rs.825.00 to 850.00 per Sq mt. |
|
|
|
|
Prescribed rate by the local authority |
Rs.750/- per Sq mt. |
|
|
|
|
Unit rate adopted in this valuation |
Rs.825/- per Sq mt. |
|
|
|
|
Valuation the site / land |
7070.00 Sq. mt. @ Rs.825/- per Sq. rnt. = 5.833 |
|
|
|
|
TOTAL VALUATION |
|
|
Valuation of the Land |
Rs.5.833 Millions |
|
|
|
|
TOTAL |
Rs.5.833
Millions |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY VALUATION REPORT
GENERAL
INFORMATION
|
Name of the party/ purchaser and address (with door no. and survey
no.) |
Pardeep Kumar S/o Mr. Narendar Kumar |
|
|
|
|
Name/s of the reported owner / Name/s of persons in whose name/s the
property registered and address. |
Mr. Pardeep Kumar S/o Mr. Narendar Kumar at MCL. No.3, Lamba Bazar, |
|
|
|
|
Purpose of Valuation |
To assess the present fair market value of the property for bank
purpose |
|
|
|
|
List of Documents produced for perusal |
Photo Copy of Title deed S. No. 2718 Dated 30-04-1992 |
|
|
|
|
Date of valuation |
01.01.2010 |
|
|
|
|
Date of Inspection |
04.01.2010 |
|
|
|
|
Approximate distance from the branch to the property |
Approximately one kilometer. |
|
|
|
|
Situation/ location/ brief description of the land/ site and brief
description of the building. |
Commercial Property. |
|
|
|
|
Boundaries of the property East West North South |
Property of Vakf Board Shop of Veenus Drycleners Bhargav Enterprises of Mr. Satya Bharga |
|
|
|
|
Property Tax detail |
-- |
|
|
|
|
Assuming the entire property is let out. the probable monthly rent and advance building rent |
Approx Rs.30,000.00 per month |
|
|
|
|
General Remarks |
Commercial Property |
|
|
|
|
VALUATION
DETAILS LAND |
|
|
The total area (extent) of the site/ land |
28.00 sq. yd. or 23.42 sq. mt. |
|
|
|
|
Description of the site/land |
|
|
|
|
|
Character of locality |
A Class |
|
Classification |
It’s a |
|
Development of surround areas. |
Developed. |
|
Is the locality subjected to frequent Flooding |
No |
|
Feasibility to the civic amenities like School. Hospital. Offices.
Markets etc. |
Approximately 0.5 kilometer |
|
Shape of the land |
L Shape |
|
Type of use to which it con be put |
Commercial property |
|
Any other restriction of usage |
No. |
|
Nature of right, whether eases hold free hold |
Freehold |
|
|
|
|
General remarks |
The property is situated commercial area. |
|
|
|
|
Prevailing unit market rate |
Rs.1,90,000.00 to Rs.2,00,000.00 per Sq. Mt. |
|
|
|
|
Prescribed rate by the local authority |
Rs.66,000.00 per Sq. Mt |
|
|
|
|
Unit rate adopted in this valuation |
Rs.1,90,000.00 per Sq. Mt. |
|
|
|
|
Valuation the site / land |
23.42 Sq. = Rs.4.449 |
|
|
|
|
BUILDING |
|
|
Type of constructions |
B/W in cement sand mortar. |
|
|
|
|
Quality of construction |
B class |
|
|
|
|
Appearance of the building |
Good |
|
|
|
|
Number of floors |
Three |
|
|
|
|
Maintenance of the building |
Good |
|
|
|
|
Description of the building |
|
|
|
|
|
Foundation |
Brick work in cement sand mortar. |
|
Superstructure |
Brick work in cement sand mortar. |
|
Roof |
RBC |
|
Doors |
Aluminum Doors and Rolling Shutters. |
|
Windows/ Ventilator |
Section windows. |
|
Sanitary Fittings |
Yes |
|
Flooring |
Tiles and C C Flooring |
|
Electricity Supply |
Yes |
|
|
|
|
Total Plinth Area |
G.F. 252.00 Sq. Ft. F.F. 252.00 Sq. Ft. S.F. 252.00 Sq. Ft. |
|
|
|
|
Year of construction |
1995 |
|
|
|
|
Total life of the building estimated |
50 years |
|
|
|
|
General Remarks |
-- |
|
|
|
|
Replacement rate of construction with the existing conditions and
specification |
G.F. and F.F. @ Rs.600.00 per Sq. Ft. S.F. @ Rs.500.00 per Sq. Ft. |
|
|
|
|
Replacement Value |
G.F. = 252.00 Sq. Ft. Rs.600.00 per Sq. Ft. - Rs.0.151 Million, F.F.
252.00 Sq. Ft. @ Rs.600.00 per Sq. Ft. = Rs.0.151 Million, S.F. = 252.00 Sq.
Ft. @ Rs.500.00 per Sq. Ft.= Rs.0.126 Million Total = Rs.0.151 + Rs.0.151 + Rs.0.126 Rs.0.428 Million |
|
|
|
|
Depreciation Value at the rate of% |
Dep. @ 20% Rs.0.086 Million |
|
|
|
|
Present Value of the Building |
Rs.0.428 Million - Rs.0.086 Million = Rs.0.343 Millions |
|
|
|
|
TOTAL VALUATION |
|
|
Valuation of the Land |
Rs.4.450 Millions |
|
Valuation of the Building |
Rs.0.343 Millions |
|
|
|
|
TOTAL |
Rs.4.793
Millions |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY VALUATION REPORT
GENERAL
INFORMATION
|
Name of the party/ purchaser and address (with door no. and survey
no.) |
Pardeep Kumar S/o Late Mr. Narendar Kumar Jain |
|
|
|
|
Name/s of the reported owner / Name/s of persons in whose name/s the
property registered and address. |
Mr. Pardeep Kumar S/o Late Mr. Narendar Kumar Jain and Mrs. Sunita Jain
W/o Sh. Pardeep Jain at Khata No. 405, Khasra No.677, M Vill. Khanjapur, |
|
|
|
|
Purpose of Valuation |
To assess the present fair market value of the property for bank
purpose |
|
|
|
|
List of Documents produced for perusal |
Photo Copy of Title deed S. No. 2900 and 2901 dated 13.03.2008 and
photo copy of choudhi parman patra dated 02.01.2010 |
|
|
|
|
Date of valuation |
01.01.2010 |
|
|
|
|
Date of Inspection |
04.01.2010 |
|
|
|
|
Approximate distance from the branch to the property |
Approximately five kilometer. |
|
|
|
|
Situation/ location/ brief description of the land/ site and brief
description of the building. |
Commercial Property. |
|
|
|
|
Boundaries of the property East West North South |
Ag. Plot of Mr. Masesh Chand Agarwal Road 18 ft. wide and Plot of others |
|
|
|
|
Property Tax detail |
-- |
|
|
|
|
Assuming the entire property is let out. the probable monthly rent and advance building rent |
Approx Rs.10,000.00 per month |
|
|
|
|
General Remarks |
Commercial Property |
|
|
|
|
VALUATION
DETAILS LAND |
|
|
The total area (extent) of the site/ land |
(0.0514 + 0.0513) = 0.1027 Hect. or 1027.00 sq. mt. |
|
|
|
|
Description of the site/land |
|
|
|
|
|
Character of locality |
B Class |
|
Classification |
It’s a |
|
Development of surround areas. |
Developed. |
|
Is the locality subjected to frequent Flooding |
No |
|
Feasibility to the civic amenities like School. Hospital. Offices.
Markets etc. |
Approximately four kilometer |
|
Shape of the land |
Rectangular Shape |
|
Type of use to which it con be put |
Commercial property |
|
Any other restriction of usage |
No. |
|
Nature of right, whether eases hold free hold |
Freehold |
|
|
|
|
General remarks |
The property is situated residential area. |
|
|
|
|
Prevailing unit market rate |
Rs.2,000.00 to Rs.2,200.00 per Sq. Mt. |
|
|
|
|
Prescribed rate by the local authority |
Rs.1,500.00 per Sq. Mt |
|
|
|
|
Unit rate adopted in this valuation |
Rs.2,000.00 per Sq. Mt. |
|
|
|
|
Valuation the site / land |
1027.00 Sq. = Rs.2.054 Millions |
|
|
|
|
BUILDING |
|
|
Type of constructions |
Brick work in cement sand mortar. |
|
|
|
|
Quality of construction |
B class |
|
|
|
|
Appearance of the building |
Good |
|
|
|
|
Number of floors |
Two |
|
|
|
|
Maintenance of the building |
Good |
|
|
|
|
Description of the building |
|
|
|
|
|
Foundation |
RCC framed structure |
|
Superstructure |
Brick work in cement sand mortar. |
|
Roof |
RCC |
|
Doors |
Aluminum iron frame with ply wood shutters. |
|
Windows/ Ventilator |
Angle iron frame with ply wood shutters |
|
Sanitary Fittings |
Yes |
|
Flooring |
C C Flooring at GF and Without flooring at F.F. |
|
Plastering |
Cement Sand mortar Plaster at GF and without plaster at F.F. |
|
Electricity Supply |
Yes |
|
|
|
|
Total Plinth Area |
G.F. 4592.00 Sq. Ft. F.F. 4592.00 Sq. Ft. |
|
|
|
|
Year of construction |
2006 |
|
|
|
|
Total life of the building estimated |
50 years |
|
|
|
|
General Remarks |
-- |
|
|
|
|
Replacement rate of construction with the existing conditions and
specification |
G.F. @ Rs.450.00 per Sq. Ft. F.F. @ Rs.300.00 per Sq. Ft. |
|
|
|
|
Replacement Value |
G.F. = 4592.00 Sq. Ft. Rs.450.00 per Sq. Ft. - Rs.2.066 Millions, F.F.
4592.00 Sq. Ft. @ Rs.300.00 per Sq. Ft. = Rs.1.378 Millions, Total = Rs.2.066+ Rs.1.378 Rs.3.444 Millions |
|
|
|
|
Depreciation Value at the rate of% |
Dep. @ 5% Rs.0.086 Million |
|
|
|
|
Present Value of the Building |
Rs.3.444 Millions - Rs.0.172 Million = Rs.3.272 Millions |
|
|
|
|
TOTAL VALUATION |
|
|
Valuation of the Land |
Rs.2.054 Millions |
|
Valuation of the Building |
Rs.3.272 Millions |
|
|
|
|
TOTAL |
Rs.5.326
Millions |
------------------------------------------------------------------------------------------------------------------------------
OPERATIONS
The company did not do any business.
------------------------------------------------------------------------------------------------------------------------------
FORM 8:
|
Corporate
identity number of the company |
U27106UP2009PTC037472 |
|
Name of the
company |
SANMATI INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
3, Lamba Bazar, |
|
This form is for |
Creation of Charge |
|
Type of charge |
Immovable Property Any Interests in immovable Property |
|
Particular of
charge holder |
Corporation Bank |
|
Nature of
instrument creating charge |
Credit sanction
Intimation ADS 01 Dated 23.11.2010 |
|
Date of
instrument Creating the charge |
23.11.2010 |
|
Amount secured by
the charge |
Rs.7.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: CC: Base Rate +
4.75% i.e. 13% p.a. subject to change from time to time. The Bank reserve
right to revise rate of Interests based on Gradation or other reasons at the
sole discretion of Bank at any time. Terms of
Repayment: CC – running
account repayable on demand subject to annual renewal Margin: On Stock: 25% On Book Debts:
40% (Age of Book debts – 90 days) Extent and Operation
of the charge: As per Credit
Sanction Intimation – ADS 01 Others: The company M/s
Sanmati Industries Private Limited has provided the corporate guarantee by
way of equitable mortgage of Industrial landed property (measuring 7070 sq.
mtrs.) situated at Makhiyali, Pargana and Tehsil Muzaffarnagar owned by M/s
Sanmati Industries Private Limited, to secure the repayment of cash credit
facility of Rs.7.000 Millions granted by Bank to M/s Rudamal Narendra Kumar
Jain, Prop. Mr. Pradeep Jain, Muzaffarnagar. |
|
Particulars of
the property charged |
Equitable
mortgage of Industrial landed property (measuring 7070 sq. mtrs.) situated at
Makhiyali, Pargana and Tehsil Muzaffarnagar owned by M/s Sanmati Industries
Private Limited |
------------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.99 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.80 |
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.