MIRA INFORM REPORT

Report Date :

12.03.2011

IDENTIFICATION DETAILS

Name :	RAM NATH MEMORIAL TRUST SOCIETY
Registered Office :	1, Ram Bagh, Sector – 4, Shastri Nagar, Meerut
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	15.11.1999
Com. Reg. No.:	2587/13931 (M)
PAN No.: [Permanent Account No.]	AAATT6054B
Legal Form :	Registered Cheritable Society.
Line of Business :	Providing Higher Education in Technology and Management Courses.

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 :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear
Comments :	Subject seems to be an established and reputed trust. Trade relations are reported as fair. The valuation report provided is of a lesser value the transaction amount. 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)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INFORMATION PARTED BY

Name :	Mr. A. K. Singhal
Designation :	Chartered Accountant
Contact No.:	91-9837064956
Date :	28.02.2011

LOCATIONS

Registered Office :	1, Ram Bagh, Sector – 4, Shastri Nagar, Meerut, Uttar Pradesh, India
Mobile No.:	91-9837035298 (Dr. P. N. Singal)
E-Mail :	info@ramnathmemorialtrust.org singhal.saransh@yahoo.com
Website :	http://www.ramnathmemorialtrust.org
Area :	566.05 sq. mtrs.
Location :	Owned
Branch Office :	Village Pandwan, Pargana Hastinapur, The-Mawana, Meerut, Uttar Pradesh, India
Area :	22645 sq. mtrs.
Location :	Owned

MANAGEMENT

Name :	Mrs. Susheela Devi
Designation :	Chairperson/ Chairman
Address :	A-63 and 64, Samrat Palace, Garh Road, Meerut, Uttar Pradesh, India
Date of Birth/Age :	85 years
Experience :	10 years
Name :	Mrs. Seema Singhal
Designation :	President
Address :	A-63 and 64, Samrat Palace, Garh Road, Meerut, Uttar Pradesh, India
Date of Birth/Age :	10.02.1961
Qualification :	Graduate
Experience :	10 years
Name :	Dr. P. N. Singhal
Designation :	Executive Secretary and Treasure
Address :	A-63 and 64, Samrat Palace, Garh Road, Meerut, Uttar Pradesh, India
Date of Birth/Age :	06.11.1953
Qualification :	M. Com. Phd.
Experience :	10 years
Name :	Mr. Sankalp Singhal
Designation :	Vice President
Address :	A-63 and 64, Samrat Palace, Garh Road, Meerut, Uttar Pradesh, India
Date of Birth/Age :	20.06.1982
Qualification :	MCA
Experience :	5 years
Name :	Mr. Saransh Singhal
Designation :	Joint Secretary
Address :	A-63 and 64, Samrat Palace, Garh Road, Meerut, Uttar Pradesh, India
Date of Birth/Age :	30 years
Qualification :	Graduate
Experience :	5 years
Name :	Mrs. Charu Rani
Designation :	Executive Member
Address :	363/1 Khandak, Meerut, Uttar Pradesh, India
Name :	Mrs. Usha Rani
Designation :	Joint Secretary
Address :	50, Lala Ka Bazar, Meerut, Uttar Pradesh, India
Name :	Mr. Deepak Garg
Designation :	Executive Member
Address :	363/1 Khandak, Meerut, Uttar Pradesh, India

KEY EXECUTIVES

Name :	Mr. A. K. Singhal
Designation :	Chartered Accountant

BUSINESS DETAILS

Line of Business :

Providing Higher Education in Technology and Management Courses.

GENERAL INFORMATION

No. of Employees :

84 (Office – 4 and Branch – 80)

Bankers :

· Syndicate Bank

Kesar Ganj Branch, Meerut, Uttar Pradesh, India

· Corporation Bank

· Punjab National Bank

Facilities :

Bank	Nature of Credit Facility	Outstanding Balance (Rs. In Millions)
Syndicate Bank Kesar Ganj, Meerut	Term Loans	Rs.49.900 Millions

Secured Loans	31.03.2010 (Rs. In Millions)
Car Loan from ICICI Bank (Car Loan against hypothecation of Car – UP 15 W 4926)	0.020
Loan from Punjab National Bank
Against FDR with Punjab National Bank	0.636
Against FDR with Punjab National Bank	0.547
Loan from Syndicate Bank
Syndicate Bank, Kesar Ganj, Meerut	48.756
Total	49.959
Unsecured Loans	31.03.2010 (Rs. In Millions)
Narendra Dev Rai	0.250
P. N. Singhal and Sons	0.571
Seema Singhal	0.601
P. N. Singhal	0.086
Total	1.508

Banking Relations :	--
Auditors :
Name :	Singhal Gupta and Company Chartered Accountant
Address :	1^st Floor, Tally Ghar, R G Inter Collage Road, Meerut, Uttar Pradesh, India
Tel. No.:	91-121-2663301
Fax No.:	91-121-2651194
Email :	singhl_gpta@rediffmail.com
Associates/ Subsidiary :	· Sushila Technologies Private Limited Regn. No.: 157482 Date 5^th January, 2007 Regd. Office: IES- 505, School Block, Shakarpur, New Delhi, India Corporate Office: Dayadham, Sector – 7, Shastri Nagar, Meerut, Uttar Pradesh, India Line of Business: Trading in Electronic Equipments Banks: Syndicate Bank Key Promoters: Dr. P. N. Singhal and Mrs. Seema Singhal

CAPITAL STRUCTURE

CORPUS FUND

(RS. IN MILLIONS)

PARTICULARS	31.03.2010
Opening Balance	51.167
Add: Excess of Income Over Expenses	20.961
Total	72.128

------------------------------------------------------------------------------------------------------------------------------

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Corpus Funds		72.128	51.167	35.577
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		72.128	51.167	35.577
LOAN FUNDS
1] Secured Loans		49.959	33.514	44.318
2] Unsecured Loans		1.508	1.336	2.259
TOTAL BORROWING		51.467	34.850	46.577
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		123.595	86.017	82.154
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		75.486	56.962	51.058
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		18.668	16.056	21.144
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.357
	Sundry Debtors	0.000	0.000	0.832
	Cash & Bank Balances	15.583	2.087	5.721
	Other Current Assets	0.000	0.000	2.195
	Loans & Advances	15.070	12.644	1.485
Total Current Assets		30.653	14.731	10.590
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.518	0.375	0.638
	Other Current Liabilities	0.694	1.357	0.000
	Provisions	0.000	0.000	0.000
Total Current Liabilities		1.212	1.732	0.638
Net Current Assets		29.441	12.999	9.952
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		123.595	86.017	82.154

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income (Gross Receipts)	48.996	38.741	33.951
		TOTAL (A)	48.996	38.741	33.951
Less	EXPENSES
		Purchases	0.005	0.000	0.000
		Direct Cost	0.000	1.384	0.614
		Accounting Charges	0.300	0.240	0.064
		Advertisement Expenses	0.630	1.012	0.773
		Audit Fees	0.017	0.017	0.028
		Charitable Contributions and Donations	0.348	0.522	0.155
		Rent	0.731	0.371	0.385
		Repairs and Maintenance	0.371	0.487	0.000
		Telephone Expenses	0.095	0.185	0.159
		Traveling Expenses	0.163	0.130	0.074
		Depreciation	7.324	8.156	6.804
		Personal Expenses	8.047	4.922	3.083
		Inspection Charge	0.000	0.152	0.133
		Insurance Expenses	0.000	0.014	0.006
		Power and Fuel Charges	0.081	0.105	0.209
		Other Expenses	4.380	0.916	1.816
		Financial Charges	5.124	3.885	2.058
		Student Welfare Expenses	0.420	0.653	0.149
		TOTAL (B)	28.036	23.151	16.510
Less	Excess of Income over expenditure (A-B)		20.960	15.590	17.441

KEY RATIOS

PARTICULARS	31.03.2010	31.03.2009	31.03.2008
Debt Equity Ratio (Total Liability/Networth)	0.73	0.71	1.33
Current Ratio (Current Asset/Current Liability)	25.29	8.51	16.60

LOCAL AGENCY FURTHER INFORMATION

OPERATING STATEMENT

(RS. IN MILLIONS)

Particulars	2011	2012	2013	2014	2015
	Projected	Projected	Projected	Projected	Projected
Production during the year(Qty.)
% utilisation of installed capacity	80%	85%	90%	95%	100%
GROSS SALES/RECEIPTS
Donations/Fees Receipts	54.754	72.186	84.329	87.981	91.262
Other Income	0.250	0.350	0.450	0.550	0.650
Interest on FDR's	3.813	5.113	6.738	7.226	8.201
Total	58.817	77.649	91.517	95.757	100.112
Less excise duty	-	-	-	-	-
Deduct other items	-	-	-	-	-
Net Sales	58.817	77.649	91.517	95.757	100.112
%age rise (+) or fall (-) in net sales as compared to previous year (annualised)	16.86	32.02	17.86	4.63	4.55
Cost of sales/Expenditures
Raw materials(Including stores and others items used in the process of manufacture)
(a) Imported	-	-	-	-	-
(b) Indigenous	-	-	-	-	-
Other spares
(a) Imported	-	-	-	-	-
(b) Indigenous	-	-	-	-	-
Activity and Academic Exp.	2.190	2.887	3.373	3.519	3.650
Power & Fuel	1.299	1.949	2.923	3.362	3.866
Direct Labour/Personnel (Factory wages & salary)	11.124	13.188	15.750	17.102	15.750
Repair & Maintenance	0.805	0.886	0.975	1.072	1.179
Scholarships and Donations	1.369	1.805	2.108	2.200	2282
Other Expenses	1.095	1.444	1.687	1.760	1.825
Depreciation	6.170	8.243	8.243	8.243	8.243
SUB-TOTAL	24.053	30.402	35.059	37.257	36.796
Add: Opening stock-in- process	-	-	-	-	-
Sub Total	24.053	30.402	35.059	37.257	36.796
Deduct: Closing stock-in- process	-	-	-	-	-
Sub Total	24.053	30.402	35.059	37.257	36.796
Add: Opening stock of finished stock
	-	-	-	-	-
Sub Total	24.053	30.402	35.059	37.257	36.796
Deduct: Closing stock of finished goods	-	-	-	-	-
SUB-TOTAL (Total cost of sales)	24.053	30.402	35.059	37.257	36.796
Operating Profit before
Interest	34.764	47.247	56.458	58.500	63.317
Interest - Term Loan-I	10.930	15.780	14.530	12.805	10.434
Unsecured loans	-	-	-	-	-
Other Loans	-	-	-	-	-
Interest on Over Draft	-	-	-	-	-
Selling, General and Administrative Expenses	2.738	3.609	4.216	4.399	4.563
Sub Total	13.667	19.389	18.746	17.204	14.997
Operating Profit after
Interest	21.097	27.858	37.712	41.295	48.320
Other Non-Operating Income	-	-	-	-	-
Sub-Total (Income)	-	-	-	-	-
Deduct: Other Non-Operating Exp	-	-	-	-	-
Sub-Total (Expenses)	-	-	-	-	-
Profit before tax/loss	21.097	27.858	37.712	41.295	48.320
Provision for Taxation	-	-	-	-	-
Net Profit/Loss	21.097	27.858	37.712	41.295	48.320

------------------------------------------------------------------------------------------------------------------------------

BALANCE SHEET

(RS. IN MILLIONS)

Particulars	2011	2012	2013	2014	2015
	Projected	Projected	Projected	Projected	Projected
CURRENT LIABILITIES
Short term borrowings from Banks (including bills purchased, discounted and excess borrowing placed on repayment basis)
Working Capital from Bank	-	-	-	-	-
Sub-Total (A)	-	-	-	-	-
Short term borrowings from others	-	-	-	-	-
Sundry creditors (Trade)	-	-	-	-	-
Unsecured Loans	-	-	-	-	-
Expenses and other charges but not due for payment
Advance payments from Students	-	-	-	-	-
Expenses and other charges but not due for payment
Provision for taxation	-	-	-	-	-
Other statutory liabilities (due within one year)	-	-	-	-	-
Deposits/Instilments of term loans/DPGs/Debentures, etc. (Due within one year)	9.658	10.348	17.246	20.695	20.695
Security deposits from students	1.360	1.440	1.520	1.600	1.600
Other current liabilities and provision(due in 1year) (specify major items)	-	-	-	-	-
Sub-Total (B)	11.018	11.788	18.766	22.295	22.295
LIABILITIES (A+B)	11.018	11.788	18.766	22.295	22.295
LONG TERM LIABILITIES
Debentures (not maturing within one year)	-	-	-	-	-
Preference Shares (redeemable after one year)	-	-	-	-	-
(A) A loan from Group "W"	-	-	-	-	-
Term loans (excld instilments payable within one year	-	-	-	-	-
-Term Loan-I	939.58	119.020	108.672	91.427	70.732
- Other Loans	-	-	-	-	-
Deferred payment credits (excluding instilments due within one year)	-	-	-	-	-
A loan from Government Non-current liabilities	-	-	-	-	-
Term deposits(repayable after one year)	-	-	-	-	-
Other term liabilities (Unsecured Loans)	11.000	11.000	8.500	3.500	3.500
TOTAL TERM LIABILITIES	104.958	130.020	117.172	94.927	74.232
TOTAL OUTSIDE LIABILITIES	115.975	141.807	135.938	117.222	96.527
NET WORTH
Capital Fund	139.396	167.254	204.966	246.261	294.581
Preference share capital (maturing after 12years)	-	-	-	-	-
General reserve	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-
Other reserves(excluding provisions) Share Premium	-	-	-	-	-
Surplus (+) or deficit(-) in Profit & Loss account	-	-	-	-	-
TOTAL NET WORTH	139.396	167.254	204.966	246.261	294.581
TOTAL LIABILITIES	245.714	298.714	323.658	342.788	370.412
ASSETS
CURRENT ASSETS
Cash and Bank Balance	4.231	3.291	4.479	4.352	5.220
Govt. and other trust Securities	-	-	-	-	-
FDRs in banks	-	-	-	-	-
Receivables other than deferred and export (including bills purchased and discounted by banks)	-	-	-	-	-
Export receivables (incld bills purchased and discounted by banks)	-	-	-	-	-
Installments of deferred receivable	-	-	-	-	-
Inventory:
Raw materials (Incld. stores and other items used in the process of manufacture)
Imported	-	-	-	-	-
Indigenous	-	-	-	-	-
Stock-in-process	-	-	-	-	-
Finished goods	-	-	-	-	-
Other consumable spares
Imported	-	-	-	-	-
Indigenous	-	-	-	-	-
Sub Total	4.231	3.291	4.479	4.352	5.220
Advances to suppliers of raw materials and stores/spares	-	-	-	-	-
Advance payment of taxes	-	-	-	-	-
Other current assets
(Loans and Advances)	15.070	15.070	15.070	15.070	15.070
TOTAL CURRENT ASSETS	19.301	18.361	19.549	19.422	20.290
FIXED ASSETS
Gross block(land and Building machinery, work in progress)	181.240	223.423	230.423	250.423	270.423
Depreciation to date	13.494	21.737	29.981	38.224	46.468
NET BLOCK	167.746	201.686	200.442	212.199	223.955
OTHER NON-CURRENT ASSETS
Investments/books debts advances/ deposits which are not Current Assets	58.667	78.667	103.667	111.167	126.167
Investments in subsidiary companies affiliates etc.	-	-	-	-	-
Others	-	-	-	-	-
Advances to suppliers of capital goods and contracts	-	-	-	-	-
Deferred receivables maturing beyond one year	-	-	-	-	-
Others	-	-	-	-	-
Non-consumable stores and spares	-	-	-	-	-
Other non current assets (Security Deposits)	-	-	-	-	-
TOTAL OTHER NON-CURRENT ASSETS	58.667	78.667	103.667	111.167	126.167
Intangible Assets (patents, goodwill, prelim. expenses, and doubtful expenses not provided for, etc.)	-	-	-	-	-
TOTAL ASSETS	245.714	298.714	323.658	342.788	370.412
TANGIBLE NET WORTH	139.396	167.254	204.966	246.261	294.581
NET WORKING CAPITAL	8.283	6.574	0.783	(2.873)	(2.005)

------------------------------------------------------------------------------------------------------------------------------

PROJECTED FUND FLOW STATEMENT

(RS. IN MILLIONS)

Particulars	2011	2012	2013	2014	2015
	Projected	Projected	Projected	Projected	Projected
Current Assets	19.301	18.361	19.549	19.422	20.290
Current Liabilities	11.018	11.788	18.766	222.95	22.295
Contribution to working capital	8.283	6.574	0.783	(2.873)	(2.005)
Net fixed assets	167.746	201.686	200.442	212.199	223.955
Subsidy	-	-	-	0.100	0.200
Term liabilities (other than fund borrowed from group company, directors, etc.)	93.958	119.020	108.672	91.427	70.732
Contribution to fixed capital	73.788	82.666	91.770	120.672	153.024
Funds investment in business	82.071	89.240	92.553	117.799	151.019
Fund invested in outside business/in group companies non-current assets etc.	58.667	78.667	103.667	111.167	126.167
Fund borrowed from group companies, directors, friends, family members/ govt. etc.	11.000	11.000	8.500	3.500	3.500
Intangible assets (like goodwill patents etc.)	-	-	-	-	-
Tangible Net Worth	129.738	156.907	187.720	225.466	273.686
Net Sales (excluded other incomes)	547.535	72.186	84.329	87.981	91.261
Cost of sales	24.052	30.402	35.059	37.257	36.796
Gross Profit	30.701	41.784	49.269	50.724	54.466
Net Profit (before tax)	21.097	27.858	37.712	41.295	48.319
Provision for Development	-	-	-	0.100	0.200
Rebate Investment Allowance
Reserve
Pre-operative Expenses w/o	-	-	-	-	-
Depreciation for the year	6.170	8.243	8.243	8.243	8.243
Cash Profits	27.267	36.102	45.955	49.639	56.763
Dividend payable/paid	8.999	10.799	14.399	14.499	14.599
Provision for Taxation	-	-	-	-	-
Fund retained in business	18.267	25.302	31.555	35.139	42.163

------------------------------------------------------------------------------------------------------------------------------

RATIO ANALYSIS

Particulars	2011	2012	2013	2014	2015
	Projected	Projected	Projected	Projected	Projected
Current Ratio	1.75	1.56	1.04	0.87	0.91
Debt Equity ratio	0.83	0.85	0.66	0.48	0.33
Gross Profit / Net Sales(in %age)	59.11	60.85	61.69	61.09	63.25
Net Profit to Tangible Net Worth	15.13	16.66	18.40	16.77	16.40
Inventory to Net Sales	NA	NA	NA	NA	NA
Receivable to Gross Sales	NA	NA	NA	NA	NA
Debt services coverage ratio in case of Term Loans/ DPG only)	2.14	2.04	2.43	2.07	2.15

------------------------------------------------------------------------------------------------------------------------------

WORKING CAPITAL REQUIREMENT

(RS. IN MILLIONS)

Particulars	2011	2012	2013	2014	2015
	Projected	Projected	Projected	Projected	Projected
CURRENT ASSETS
Indigenous raw materials stores	-	-	-	-	-
Imported raw material store	-	-	-	-	-
Stock in process	-	-	-	-	-
Finished goods	-	-	-	-	-
Consumable spares	-	-	-	-	-
Receivable - Domestic	-	-	-	-	-
Export
Loans and Advances	15.070	15.070	15.070	15.070	15.070
Other Current Assets	4.231	3.291	4.479	4.352	5.220
Total	19.301	18.361	19.549	19.422	20.290
CURRENT LIABILITIES
(Other than Bank borrowings)
Creditors for purchases	-	-	-	-	-
Advance from students	-	-	-	-	-
Accrued expenses	-	-	-	-	-
Statutory liabilities	-	-	-	-	-
(Provision for Tax)
Other current liabilities	11.018	11.788	18.766	22.295	22.295
Total	11.018	11.788	18.766	22.295	22.295
Working Capital Gap	8.283	6.574	0.783	(2.873)	(2.005)
Expenses required for 5 Months	10.022	12.668	14.608	15.524	15.332
Actual/ Proj. bank borrowings	-	-	-	-	-
Total Current Liabilities	110.18	117.88	187.66	222.95	222.95
Net Working Capital	18.305	19.241	15.391	12.651	13.327
Minimum stipulated Working Capital	2.754	2.947	4.691	5.574	5.574
Item 3 +4 - Item 8	15.551	16.295	10.700	7.077	7.753
Item 3 +4- Item 7	-	-	-	-	-
Maximum Permissible Bank Finance	-	-	-	-	-
Excess borrowings (representing shortfall Net Working Capital to be converted into working capital term loan)	0	0	0	0	0

------------------------------------------------------------------------------------------------------------------------------

COST OF PROJECT AND SCHEME OF FINANCE

COST OF PROJECT

(RS. IN MILLIONS)

S. No	Particulars	Already Incurred (As per BS DT 31-3-2010)	To Be Incurred	Total
1.	Land	7.121	2.840	9.961
2.	Building	37.600	110.260	147.860
3.	COMPUTERS & PRINTERS	7.737	7.643	15.380
4.	Furniture & Fixtures	21.100	6.312	27.412
5.	Misc. Fixed Assets and library	1.425	10.196	11.621
6.	CAR	0.537	--	0.537
7.	Escl. and Contingencies	--	3.360	3.360
8.	Net Current Assets including cash and bank balances and security deposits.	51.135	--	51.135
	TOTAL	126.655	140.611	267.266

MEANS OF FINANCE

(RS. IN MILLIONS)

S. No.	Particulars	Already Incurred (As per BS DT 31-3-2010)	To Be Incurred	Amount
1	Loans
a)	Term loan including Car Loan	51.167	86.800	137.967
b)	PNB Loan (FDOD)	1.852	(1.852)	--
	Sub. Total (A)	53.019	84.948	137.967
2	Corpus Fund including internal accruals	72.128	46.171	118.299
3.	Reserve and Surplus	--	--	--
3	Unsecured Loans	1.508	9.492	11.000
5.	Soft Loan from	--	--	--
4	Subsidy	--	--	--
	Sub Total (B)	73.636	55.663	129.299
	TOTAL	126.655	140.611	267.266

------------------------------------------------------------------------------------------------------------------------------

MR. PREM NATH SINGHAL

PROVISIONAL BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.12.2010 (Provisional)
SHAREHOLDERS FUNDS
1] Corpus Funds		69.561
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		69.561
LOAN FUNDS
1] Secured Loans		2.031
2] Unsecured Loans		8.250
TOTAL BORROWING		10.281
DEFERRED TAX LIABILITIES		0.000
TOTAL		79.842
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		72.064
Capital work-in-progress		0.000
INVESTMENT		2.776
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.527
	Other Current Assets	0.000
	Loans & Advances	4.475
Total Current Assets		5.002
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.000
Net Current Assets		5.002
MISCELLANEOUS EXPENSES		0.000
TOTAL		79.842

PROVISIONAL INCOME STATEMENT

(RS. IN MILLIONS)

Particulars	31.12.2010 (Provisional)
Gross Receipts
Salary Income from D. N. Collage, Meerut	0.661
Interests Received from Saving Banks	0.006
Total (A)	0.667
Less:
Interests Paid on Housing Loans	0.163
Total (B)	0.163
Net profit transferred to Capital A/c (A – B)	0.504

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MR. SANKALP SINGHAL

PROVISIONAL BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.12.2010 (Provisional)
SHAREHOLDERS FUNDS
1] Corpus Funds		3.900
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		3.900
LOAN FUNDS
1] Secured Loans		0.183
2] Unsecured Loans		0.100
TOTAL BORROWING		0.283
DEFERRED TAX LIABILITIES		0.000
TOTAL		4.183
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.638
Capital work-in-progress		0.000
INVESTMENT		0.007
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	1.444
	Cash & Bank Balances	0.281
	Other Current Assets	0.021
	Loans & Advances	0.892
Total Current Assets		2.638
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000
	Other Current Liabilities	0.100
	Provisions	0.000
Total Current Liabilities		0.100
Net Current Assets		2.538
MISCELLANEOUS EXPENSES		0.000
TOTAL		4.183

PROVISIONAL INCOME STATEMENT

(RS. IN MILLIONS)

Particulars	31.12.2010 (Provisional)
Gross Receipts
Income from Business	0.299
Salary Income	0.189
Income from House Property	0.180
Interests Received from Saving Banks	0.012
Total (A)	0.680
Less:
Bank Charges	0.000
Depreciation	0.057
Interests on Bike Loan	0.018
Total (B)	0.075
Net profit transferred to Capital A/c (A – B)	0.605

------------------------------------------------------------------------------------------------------------------------------

MRS. SEEMA SINGHAL

PROVISIONAL BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.12.2010 (Provisional)
SHAREHOLDERS FUNDS
1] Corpus Funds		13.342
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		13.342
LOAN FUNDS
1] Secured Loans		1.836
2] Unsecured Loans		0.093
TOTAL BORROWING		1.929
DEFERRED TAX LIABILITIES		0.000
TOTAL		15.271
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		15.917
Capital work-in-progress		0.000
INVESTMENT		0.516
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.158
	Cash & Bank Balances	0.100
	Other Current Assets	0.029
	Loans & Advances	1.151
Total Current Assets		1.438
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.000
	Other Current Liabilities	2.600
	Provisions	0.000
Total Current Liabilities		2.600
Net Current Assets		(1.162)
MISCELLANEOUS EXPENSES		0.000
TOTAL		15.271

PROVISIONAL INCOME STATEMENT

(RS. IN MILLIONS)

Particulars	31.12.2010 (Provisional)
Gross Receipts
Income from Business	0.427
Income from House Property	0.394
Interests Received from Saving Banks	0.013
Total (A)	0.834
Less:
Interests paid on housing Loans	0.135
Total (B)	0.135
Net profit transferred to Capital A/c (A – B)	0.699

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PREAMBLE

The economic progress of a country is strongly linked with the quality of education. It is therefore, necessary for our technical education to undertake periodic review of the curriculum and subject content of the technical programs to ensure that they are up to date not outmoded or obsolete and effectively fulfill the technological requirements of the country.

During the past six decades, many steps have been taken in India to improve the quality, improvement programs for teachers; encouraging interaction with industry through consultancy and continuing education programs; and providing impetus for expanding infra-structural facilities in emerging technologies.

For economic growth and prosperity, the need is to produce highly professional, competent and highly qualified technocratess. This could be achieved by imparting quality teaching to students. Towards this direction, some norms and standards of and highly qualified technocratesing education need to be laid down so as to educate the students with appropriate skills suitable for a rapidly changing industrial scenario.

A scientist often solves problems to understand nature. A Technical person equipped with the technical and higher education usually undertake tasks which need to be done in a specified period of time on a fixed budget and with limited resources. Larger the information, any person command and larger his technical and social skills, the more likely he will be able to do his job quickly and efficiently. The rapidly expanding database of technological information means that a student will have to learn only a small fraction of the total information he is expected to know. To install all the needed inputs in a short period of a degree course is impossible. The situation can be ameliorated by improving skills for accessing information, developing flexible learning skills, rejecting outmoded courses from the curriculum and by addition of the appropriate and emerging technological items.

To make the Indian industries internationally competitive, the frontier technologies have to flow from the R and D institutions to the industries and also be continually infused in the Educating curriculum. Thus, it is pertinent that educational institutions, industries, and research institutions which are at the three vertices of a triangle should converge at some nucleus through coordinated research in both conventional and emerging fields catering to the need of the Industry, which will be transferred to the industry and also amalgamated in the technical education curriculam.

The explosion in knowledge due to the scientific and technological break through of their times calls for a radical change in the conventional methods of teaching and education, such a change is more important in the process of educating children. It is imperative that newer approach in imparting instruction be adopted with the help of modern educational aids. Education should not be made a burden on young shoulders and minds. Acquiring knowledge should not be made an unpleasant duty without any enjoyment and sense of participation on the part of students. But, unfortunately, this is exactly what is happening all round them. Wrong emphases on learning by understanding, problem solving without comprehension of the basic concepts involved crushes the inquisitiveness of the young mind and hence destroys the very process of learning. Lack of freedom of free expression and the fear of failure, if the student does not follow the narrow path chalked out by the teacher, only kills the urge to know.

This is not all, activities outside the class rooms are hardly worth mentioning. Sports and games are considered a waste of time and hardly any attention is paid to them. Even the religious and moral training imparted at institute is hollow, the great ideas of tolerance, large heartedness, and of being useful to others are never emphasized.

They at Ram Nath Memorial Trust Society, intend to continue the change all that, God willing, with the active co-operation and help, just like as at Meerut. They shall encourage the students to:

(a) Develop confidence, fearlessness and independence in his/her quest of knowledge, perfection in his/her moral character, sincerity towards the requirement of the age to be successful in the practical life.

(b) Acquire good quality education using innovative teaching techniques.

(c) Acquire a full understanding of his/her social and cultural environment, and

(d) Attain physical fitness and a pleasant personality.

(e) Develop his/her reasoning/rationalism/logics etc.

The learning shall be imparted through work, sports and by using his every day experience drawn from his surroundings (the emphasis will be on quality education). They shall attempt to make learning a practical, pleasant and enjoyable experience for the students. This is going to be achieved by:-

i) Having the very talented and highly motivated Professors,

ii) Making teachers totally responsible for periodic assessment of the student’s performance and action through timely suggestions for improvement.

iii) Critically reviewing the work of each and every teacher and providing rewards and incentives for excellent performance,

iv) Laying emphasis on understanding, inquisitiveness rather than chramming and verbatim reproduction,

v) Encouraging innovativeness and independence among children who will be using the laboratory in various ways.

vi) Including the spirit and value of excellence,

vii) Laying emphasis on good science and mathematics teaching programs,

viii) Using audio-visual aids and computers wherever possible,

ix) Minimsing the physical work load in the form of home work etc.

x) Encouraging innovation in teaching techniques.

xi) Avoiding the use of physical force and terrorizing children and rather by providing the friendly atmosphere,

xii) Improving the method of examination into continuous evaluation process,

xiii) Providing opportunities to increase the general knowledge and encouraging group discussions and debates on current local, national and international issues,

xiv) Providing ample opportunity for indoor and outdoor games as part of curriculum as the situation demands,

xv) Providing vocational training facilities and inculcating in the students the basic human values, thereby making them better citizens of modern India.

CONTROLING AUTHORITIES

§ Chaudhary Charan Singh University, Meerut

§ Government of India

§ Registrar of Societies, Meerut

§ Higher Education Board, Lucknow.

§ NCTE, Jaipur,

§ Allahabad Agricultural Institute - Deemed University, Allahabad.

§ Uttar Pradesh Technical University, Lucknow, UP

§ AICTE

All Universities are established with the view of proper planning and coordinated development of the technical education system throughout the country, the promotion of qualitative improvement of such education in relation to the planned quantitative growth and the regulation and proper maintenance of norms and standards in the technical education system and for matters connected therewith.

The Universities had lay down norms and standards for courses, curricula, physical and instructional facilities, staff pattern, staff qualifications, quality instructions, assessment and examinations.

Further the Universities had set up a National Board to periodically conduct evaluation of technical institutions or programmes on the basis of guidelines, norms and standards specified by it and to make recommendation to it, or the Council, or the Commission or to other bodies, regarding recognition or de-recognition of the institution or the programme.

The Universities therefore, has as statutory responsibility and authority to lay down norms and standards for programmes in all branches of Education, Architecture and Town and Country planning, Pharmacy, Hotel Management and Catering Technology, Management and Technician (Ploytechnic) Education. The Universities, accordingly prescribed norms and standards and published documents in the major disciplines.

Separate regulations/guidelines are provided by the Universities in respect of the following:

§ Staff qualifications and pay scales etc. are notified by the Government of India and Universities from time to time. Universities has already constituted a high power committee for this purpose.

§ Fee structure for unaided institutions are prescribed by the State Government through State Level Standing Committees set up by Universities in consultations with the State Governments. For aided institutions, the University Departments and the Government institutions, the Universities are presently holding discussions with the State Governments.

§ Procedure for admission of the detailed syllabi are given in norms and standards. The institution may take up the revision of syllabi through respective Board of Studies of the Universities. University of Roorkee and India Institute of Science, Bangalore which are continuously engaged in preparation of detailed syllabi etc. for management and Technology degree education, Likewise, the Curriculum Development Centres of four Technical Teachers Training Institutes at Chandigarh. Bhopal, Madras and Calcutta are also being funded by the Council to deal with the syllabi etc. in Polytechnic education.

SOCIETY AND ITS PROMOTERS

R. N. Institute of Modern Management Education and Research Center, Ram Nath School, Satisfaction System, R. N. College, R. N. Girls College and R N Institute of Management and Technology are being managed by Board of Governors of the Ram Nath Memorial Trust Society under the Chairmanship of Hon'ble Mrs. Sushila Devi, a educationist and social worker having 52 years long experience in education and over 22 years experience in commercial activities. The details of the promoters of the society along with their experts in the team have been given hereinafter. The society has been registered with the Dy. Registrar of Societies, U.P. Meerut vide registration no. 2587-139317(M) dated 15.11.1999.

The Institute is having well equipped entertainment centre, Laboratories, Computer Centre, audio-visual teaching aids and excellent library facilities. The faculty of the institute is well qualified. Now, after getting better experience, the society is under execution of its expansion plan.

The promoters of the society is having good resources, good social status and goodwill in the city. The society is having its registered office at institute compound at 1, Ram Bagh Colony, Sector 4, Shastri Nagar, Meerut and the second campus of the society is located at Pandavna Pargana Hastinapur, Distt. Meerut. The third campus is situated at Sec 6 , Shastri Nager, Meerut. These areas are having great demand and supply gap for education facilities in and around the city. So therefore the management of the society is of the opinion that the location of the Institute is most suitable at all the places.

Promoters of the Society are very well conversant with the requirements of an educational organisation. The promoters of the society and their associates are having expertise in the management of the Schools.

The name of Executive Body and office bearers along with their address, Father's/Husband/Wife's name, profession, who had been delegated the responsibility to execute the function of the trust society are :

BOARD OF GOVERNERS/ MANAGING COMMITTEE OF THE SOCIETY

Following are the members of Board of Governers/ Managing Committee of Ram Nath Institute of Modern Management Education and Research Center, Ram Nath School, Satisfaction System, R.N. College, R.N. Girls College and R. N. Institute of Management and Technology with their Name, Designation, Educational Qualification and Address.

Name	Educational Qualification	Address
Mr. Dayanand Gupta	Dip. In Engg.	Ganesh Cold Storage Rly. Road, Meerut
Mr. Ajay Mittal	M.Sc.	93, Khandak Bazar, Meerut City.
Dr. Prem Nath Singhal	M.Com., Ph. D.	363, Khandak Bazar, Meerut City.
Mr. Pramod Kumar Garg	M.Com., LL.B.	363, Khandak Bazar, Meerut City.
Dr. Syed Zakiuddin	B.U.M.S.	P. O. Phalawada, Distt. Meerut
Dr. V.M.Saxena	M.Com., Ph.D.	9, Meera Enclave, Garh Road, Meerut
Mr. P. K. Dublish	B.Sc., Ph.D.	4, Mission Compound, Meerut

FUTURE SCOPE

The existing number of professional institute in U.P. do not have sufficient capacity to accommodate all the students aspiring for higher professional education in Management and technology. As such, a large number of students move to southern states for seeking admission in various professional colleges there. This increases additional financial burden on the parents.

The scope for a MBA graduate is unparalleled. Apart from attractive pay packets and placements being offered at college-level itself, it opens doors to various sectoral opportunities. The corporate world has seen many MBA professionals occupying top slots in the corporate ladder.

Today, a Management Degree has become an attractive proposition, as there are attractive entry level salaries and typically, a Management Graduate gets absorbed into a Company through the Campus Placement Program of the Institute. The MBA Program offers a lucrative career option to both experienced professionals as well as fresh graduates.

The MCA programme is inclined more toward Application Development and thus has more emphasis on latest programming language and tools to develop better and faster applications. The MCA programme is inclined more toward Application Development and thus has more emphasis on latest programming language and tools to develop better and faster applications.

With the advent of the internet and the birth of information technology, the demand for ‘computer savvy’ personnel has grown to formidable heights and will continue to grow in the near future. The present job market scenario demands basic computer skills for practically every job whether it may be in a supermarket or in a corporate house, and proficiency in computers is what counts. Now a day, the corporate world seeks hires and retains only those employees with excellent computer knowledge and skills, to enable them to stay in the competition.

Employment of lawyers is expected to grow 11 percent during the 2006-16 decade, about as fast as the average for all occupations. The growth in the population and in the level of business activity is expected create more legal transactions, civil disputes, and criminal cases. Job growth among lawyers also will result from increasing demand for legal services in such areas as health care, intellectual property, venture capital, energy, elder, antitrust, and environmental law. In addition, the wider availability and affordability of legal clinics should result in increased use of legal services by middle-income people. However, growth in demand for lawyers will be constrained as businesses increasingly use large accounting firms and paralegals to perform some of the same functions that lawyers do. For example, accounting firms may provide employee-benefit counseling, process documents, or handle various other services previously performed by a law firm. Also, mediation and dispute resolution increasingly are being used as alternatives to litigation.

Computer Science deals with the theory and practice of computer hardware and software. Students learn the theory that underlies computation and how to develop effective, efficient and correct software. The program is intensive in Mathematics and Computer Science courses.

Computer science has become the basis for much of the growth in today's global economy. New computing technologies are being introduced in the marketplace at an astonishing rate, making the curriculum for computer science education fresh, dynamic and evolving. Even though certain aspects of computer science education tend to change relatively quickly, core conceptual foundations for computer science are stable, well-defined and solidly rooted in areas of mathematics such as logic and discrete structures.

Well there is an IT boom happening all around the world and there is a large demand of fresh talents in the market especially in India. BCA is a good course to start the career with but I would strongly recommend to go for MCA after completing BCA. Because that will put in the same threshold as B.Tech.

To bridge the demand and capacity gap and to provide quality education in the home state, the Government of U.P. has permitted to open private Non technical and technical Colleges including the B. Ed. College, Management college technocrats colleges and Medical Colleges. The admission to these colleges is given through combined Entrance Exam (CEE) conducted by the Government Nominated Institution and other concerned authorities depending on the education provided by the organisation. The fee structure is also governed by Government rules.

India has already been accepted as one of the best source for intellectuals and mainly for education and technical segments. Indian intellectuals are having large credits for India and are having best positions in the multinational organizations. There is a need to explore and develop the god gifts to the Indian Bachelors and Scholars. The society has decided to develop these god gifts and serve the nation in this way.

As well as Government of India, a team of well established social workers and qualified professionals is running this Professional Educational institute at Meerut. This institute is one of the highest academic caliber and is providing quality education in Management and Allied fields. This will produce young professionals to meet the challenges of 21st Century.

For all round development of the students the campus is having sufficient facilities for Games and Sports, NOC, Hobbies Club, Recreational facilities and Swimming Pool etc. These facilities will be improved in this expansion plan.

Meerut University now known as Chaudhary Charan Singh University is one of the oldest university of India. Meerut is more than hundred years old education centre and caters more than hundreds kilometers dia for educational needs. The institute have unique features.

PRESENT STATUS

The society is conducting the Degree and various Diploma and Certificate courses under the name and style of R.N. Institute of Modern Management Education and Research Center at Ram Bagh, Near Sector 4, Meerut, M/S. Satisfaction Systems at Sector 6, Shastri Nagar, Meerut and R. N. College at Pandvan, Pargana Hastinapur, Distt. Meerut, Ram Nath School. The details of courses conducted presently by both the institution are as under:-

Primary School Education upto 8^th Standard

Medical Transcription	1 year
Short Term Courses (Java , E-com. etc)	1 year
B.P. Ed	1 year
M. Ed	1 year
B.A.(In 8 Different Subject)	3 years
B.T.C.	2 years
B. Ed	1 year
BCA	3 years
M. Phil	1 year

§ Moreover, the present status of the society proposal is as under:

§ Site has already been purchased rather it has three running sites at Meerut and Hastinapur.

§ Site development work has already been completed.

§ Orders for Furnitures and Fixtures, Computers, library books and other required infrastructure have already been finalized and part of the orders of the Books have reached at site.

§ Technical personnel have already been identified and major facilities have already been recruited.

§ Market survey have already been completed and a lot of assurance have been received from the market.

§ The society has also applied for the approval for additional Seats and new colleges including College for MBA, MCA, PGDBM, LAW, etc.

§ The society has already deposited the required margin in the form of Fixed Deposit with various controlling authorities to run the proposed courses.

§ Necessary approvals to conduct the new proposed courses have already been moved and are under process with the competent authorities of the State Government as well as Central Government.

PROGRAMME OBJECTIVES

To improve upon the present technical education system and incorporate the aforesaid observations one major step would be to modify the management and technical curriculum with the following main objectives:

§ Greater emphasis on design oriented teaching, teaching of design methodologies, problem-solving approach.

§ Exclusion of outmoded technologies and inclusion of the new appropriate and emerging technologies.

§ Greater input of management education and professional communication skills.

EXPOSURE TO PRACTICAL FIELD

In the industrially advanced countries of the world, there exists a long tradition of close partnership between academic institutions and industry in promoting technical education and research. The country despite a growing awareness of the importance of forging linkages between universities and industry, the interaction between them is still rather limited. Although both sides realize that this gap needs to be bridged, most of the initiative towards such bridge building have come from educational institutions, hitherto with little success. The result is that education has remained stagnant while industries have advanced. The curriculum must aim to provide to the student greater exposure of actual industrial processes. Students projects should be related to actual problems identified with the help of practicing educationist and management. Greater stress should be laid on the practical training of management and education graduates and sandwich programmes should be encouraged wherever feasible.

INFRASTRUCTURE

1. Site:

All the sites of the R. N. Colleges are located at well developed area situated at Pandavna, Pargana Hastinapur, Distt. Meerut. Moreover, no problem has been faced by the society till this date being a running Institute. The Society is already having the Administrative and education campuses at Meerut also which also has all the facilities to run the various courses. The sites for R. N. Institute and Ram Nath School are located at , Ram Bagh, Shastri Nagar, Meerut and The third campus is located on Daya Dham Shastri Nager Sec-6, Meerut

2. Power & Fuel:

The society has taken a power connections from UPPCL for 7.00 KWs. The society had already purchased one D.G. sets of 7.50 KVA and 10 D. G. Sets are proposed to be purchased for the use of the institute. The society proposes to increase the power load upto 50 KVA.

3. Effluent:

The College shall not generate any effluent being non-polluting organisation.

4. Water:

The College will require water for human consumption only. Submersible pumps for 2 inches boring already exist in the college / sites. Moreover, 1 submersible pump will be installed.

5. Personnel:

The teachers , lecturers , professors and other staff , as required for the institute will arranged by the society for which the society has already made informal understanding with a number of reputed facilities to join its institute on full time basis .

6. Transportation:

All the sites are well connected by road to Meerut and are on Broad Guage Railway line and therefore road and rail transport facilities are available. Moreover, the International Airport of Delhi known as Indira Gandhi International Airport is hardly 75 Kms. from Site and the trust will arrange suitable numbers of vehicles for the convenience of all the cadres and students on rent to be reimbursed on actual.

EDUCATION IN UTTER PRADESH

THE STATE

Uttar Pradesh has made significant contributions in the field of Education and Social Welfare. The State has made major investments over the past few years at all levels of education and has achieved significant success. U.P. has recognized and supported the continuing critical-role of private-sector in the expansion of education in the State.

The policy of Free and compulsory education has been introduced in the state to achieve universalisation of education at primary and secondary level. There are several statutory bodies which decide the fee structure in educational institutions. For non-professional courses, fee is determined by the concerned university. For professional courses, fee is regulated by a committee constituted by All India Council for Technical Education (AICTE).

Uttar Pradesh has 4 central universities, 20 state universities, 8 deemed universities, one institute of national importance and several polytechnics, engineering colleges and industrial training institutes. Prestigious institutes like Indian Institute of Technology (IIT) - Kanpur, Indian Institute of Technology (IIT), Roorkee and Indian Institute of Management (IIM) - Lucknow are known worldwide for their quality education and research in respective fields. This provides the State with a firm basis for providing opportunities for higher education to its youth.

Industry is the second important sector after agriculture in economic development of state 75% of its population is dependent on Agriculture Sector, Integrated development, growth of both sectors will play an important role in socio-economic development of the state .The state Govt. has accorded top priority pressure on agriculture could be reduced . Accordingly , the State Government dovetailed Agriculture Industry and Rual Development as an integral part of its industrial policy frame work. Its emphasis is on industry employment opportunities in the industry for enhancing income levels of the people of the state.

The Thrust areas identified by the State Government in the industrial policy are Agro based industries , Dairy food and food processing industry, Sugar and related areas, Cement, Petrochemicals, Electronics, Textiles, and handlooms Foundry, Glass and ceramics, For achieving the accelerated growth of industries infrastructure development is given the due consideration by state Government. Accordingly, priority is being accorded to education, specially technical education, power, Transportation, Telecommunication and other facilities which are being geared upon to attract NRI investment in the state.

Eighty Growth centers have been identified for accelerating the pace of industrial development with an investment of Rs.40 millions by State as well as central Government. The future demand of the technical manpower would emanate from these thrust areas as well as from infrastructural development.

EDUCATION

EDUCATIONAL STRUCTURE

The educational structure by and large in the state of U. P. is similar to most of the other states in the country with modifications suiting to the needs of the state, as education is a state subject.

POPULAR NAME

· Ram Nath Institute(RNI), Meerut

· Ram Nath College., Hastinapur

· R.N. Girls College (New Proposed), Hastinapur

· RNIMT E and RC, Nagli Esah (New Proposed)

· RN College (PGDBM)

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VALUATION REPORT

Purpose of Valuation	Financial Institution
Date of Visit	10.02.2011
Persons accompanying Available at the site at the time of visit/ inspection/ valuation	Ram Nath Memorial Trust Society, Meerut through Secretary Dr. Prem Nath Singhal S/o Late Mr. Ram Nath Singhal, R/o Hastinapur District Meerut.
Complete address of the Property (Door No., Street/ Cross Road, Survey No. etc)	Land situated at Khasra No.874/12 of Village Hastinapur Pandawan, Hastinapur, Meerut
Ownership of the property
Whether Joint/ Ownership Other Specify	Trust/ Society
Location advantage / disadvantage
Classification of Locality Higher Class/ Middle Class/ Poor Class	Middle Class
Civic Amenities	All available
Proximity to surface communication	Road Transport, Near by
Distance from the city Municipal Limits	Within Municipal Limits
Title in the property
Whether Freehold/ Leasehold	Freehold
Type of the Property Agricultural/ Individual/ Residential	Institutional Land
Year of a acquisition/ Purchase of Land	It was Purchased in 03.06.2009
Year of construction superstructure	It is in the shape of land only
Area of Land to be supported by a map showing shape discussion and physical features	3790.00 sq. m.
Area of Building / Constructed Portion	The property is in the shape of vacant land
If the property is of a commercial type-state	Institutional Land
If the Property is agricultural state	Not agricultural
Whether the property is self occupied ort tenant/ let out. If tenanted/ let out	Self occupied
Basic of Present Valuation	Land For assessing the circle rates, recent sale/ purchases, were studied. Enquiries were also made in neighbour-bood and from brokers about the market value, and a rite of Rs.2,000/- per sq. m. has been assessed as market value, depending upon the location, considering it as representative assessment.
In case the bank were to sell the property what would be the approximate realizable value (forced sale value)	Releasable value only has been evaluated
VALUATION
Land	3790.00 x 2,000.00 = Rs.7.580 Millions
Reliable Value
Market Value	Rs.7.580 Millions
Less (-) 5%	Rs.0.379 Million
Total	Rs.7.201 Millions

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VALUATION REPORT

Purpose of Valuation	Financial Institution
Date of Visit	10.02.2011
Persons accompanying Available at the site at the time of visit/ inspection/ valuation	Ram Nath Memorial Trust Society, Meerut through Secretary Dr. Prem Nath Singhal S/o Late Mr. Ram Nath Singhal, R/o Hastinapur District Meerut.
Complete address of the Property (Door No., Street/ Cross Road, Survey No. etc)	Land situated at Khasra No.874/7 of Village Hastinapur Pandawan, Hastinapur, Meerut
Ownership of the property
Since long owning the property	Since 03.06.2009
Whether Joint/ Ownership Other Specify	It a Society
Location advantage / disadvantage
Classification of Locality Higher Class/ Middle Class/ Poor Class	Middle Class
Civic Amenities	All available
Proximity to surface communication	Road Transport, Near by
Distance from the city Municipal Limits	Within Municipal Limits
Title in the property
Whether Freehold/ Leasehold	Freehold
Type of the Property Agricultural/ Individual/ Residential	Institutional Land
Year of a acquisition/ Purchase of Land	2009
Year of construction superstructure	It is in the shape of land only
Area of Land to be supported by a map showing shape discussion and physical features	3790.00 sq. m.
Area of Building / Constructed Portion	The property is in the shape of vacant land
If the property is of a commercial type-state	Institutional Land
If the Property is agricultural state	Not agricultural
Whether the property is self occupied ort tenant/ let out. If tenanted/ let out	Self occupied
Basic of Present Valuation	Land For assessing the circle rates, recent sale/ purchases, were studied. Enquiries were also made in neighbour-bood and from brokers about the market value, and a rite of Rs.2,000/- per sq. m. has been assessed as market value, depending upon the location, considering it as representative assessment.
In case the bank were to sell the property what would be the approximate realizable value (forced sale value)	Releasable value only has been evaluated
VALUATION
Land	3790.00 x 2,000.00 = Rs.7.580 Millions
Reliable Value
Market Value	Rs.7.580 Millions
Less (-) 5%	Rs.0.379 Million
Total	Rs.7.201 Millions

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VALUATION REPORT

Purpose of Valuation	Financial Institution
Date of Visit	10.02.2011
Persons accompanying Available at the site at the time of visit/ inspection/ valuation	Prem Nath Singhal S/o Late Mr. Ram Nath singhal, R/O 363, Khandak Bazar, Meerut
Complete address of the Property (Door No., Street/ Cross Road, Survey No. etc)	Land situated at Khasra No.725 of Village Hastinapur Paragna Tehsil Mawana, District Meerut
Ownership of the property
Whether Joint/ Ownership Other Specify	Ownership
Location advantage / disadvantage
Classification of Locality Higher Class/ Middle Class/ Poor Class	Middle Class
Civic Amenities	All available
Proximity to surface communication	Road Transport, Near by
Distance from the city Municipal Limits	Within Municipal Limits
Title in the property
Whether Freehold/ Leasehold	Freehold
Type of the Property Agricultural/ Individual/ Residential	Institutional Land
Any restrictive Classes for sale etc to be furnished Commercial Institutional Other (specify)	Commercial Institutional Land in Mixed area
Year of a acquisition/ Purchase of Land	It was Purchased in 20.07.1989
Year of construction superstructure	It is in the shape of land only
Area of Land to be supported by a map showing shape discussion and physical features	14326.00 sq. m.
Area of Building / Constructed Portion	The property is in the shape of vacant land
If the property is of a commercial type-state	Institutional Land
If the Property is agricultural state	Not agricultural
Whether the property is self occupied ort tenant/ let out. If tenanted/ let out	Self occupied
Basic of Present Valuation	Land For assessing the circle rates, recent sale/ purchases, were studied. Enquiries were also made in neighbour-bood and from brokers about the market value, and a rite of Rs.2,000/- per sq. m. has been assessed as market value, depending upon the location, considering it as representative assessment.
In case the bank were to sell the property what would be the approximate realizable value (forced sale value)	Releasable value only has been evaluated
VALUATION
Land	14326.00 x 2,000.00 = Rs.28.652 Millions
Reliable Value
Market Value	Rs.28.652 Millions
Less (-) 5%	Rs.1.433 Millions
Total	Rs.27.219 Millions

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ESTIMATE OF PROPOSED CONSTRUCTION OF EDUCATIONAL BUILDING

V/C/ CORPORATION BANK/ SAKET/ MRT/ V-6/1/512

Assignment

They have been retained by R. N. collage for PGDM. Through Dr. P. N. Singhal situated at Hastinapur, Tehsil Mawana, District Meerut, to carry out the estimate of the expenditure which would be required for the construction of educational Building.

Purpose

To estimate the construction cost for financial institution purpose.

Particulars

Estimate of the expenditure to be made on the construction of educational Building on Land (Khasra No.725,874) The estimate is carried out at the behest of the owner and Corporation Bank, Saket, Meerut.

DESCRIPTION

General:

1. It is proposed to construct double storey educational building including mumty.

2. The Land is freehold.

3. The area is served by all urban amenities

4. The proposed construction is on the land, situated at Main Road

LAND:

Land already exists.

The estimate is required without the cost of land.

SPECIFICATIONS

§ Structures are to be erected on columns and beams

§ First class brick work all through, to be used.

§ Walls are to be of Brick masonry in cement mortar, plastered, and to be finished with plastic paints.

§ Floors are to be of very good quality stones.

§ Concealed electric fittings would be provided.

§ G.I. pipe for water supply and SWG pipes for sanitation are to be used.

§ Metelled approach road to be provided.

§ There will own external electric system an internal telecom system.

§ In other field, a high quality standard is intended to be adopted, being a educational building.

ESTIMATION

The assessment has been made by plinth are cost methods. Basis of the valuation is taken as the plinth are rule which can be applied to be constructions in the area these days, with the specification adopted keeping all the details descript above, a plinth area rate of Rs.8,000/- per sq. M. has been estimated for the educational building. The cost of international water supply and sewerage and associates installations have been included in the plinth area rates.

EXISTING CONSTRUCTION:

Boundary wall, steel gate and internal road’s systems.

The estimate is required without their cost.

NEW PROPOSED CONSTRUCTION

Ground Floor: 1010.13 sq. m.

First Floor: 1010.13 sq. m.

Mumty: 2072 sq. m.

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Total: 2040.98 sq. m.

2040.98 x 8,000.00 = Rs.16.328 Millions

Rounded to Rs.16.328 Millions

STATE WISE BREAKUP OF THE EXPENDITURE:

The intermediate progress of work and subsequent release of funds would be made according to those norms.

GROUND FLOOR:

1. Upto Plinth level – 15%

2. Upto Slah Level – Before a lying of the slab – 40%

3. Upto Roof level – After a lying of the slab – 50%

4. In Flooring other finished and wooden work – rest of the 50%

-------------------------------------------------------

Total = 100%

FIRST FLOOR:

1. Upto slab level – Before a lying of the slab – 35%

2. Upto Roof Level – After a lying of the slab – 45%

3. In Flooring other finishing and wooden work – rest of the 55%

-------------------------------------------------------

Total = 100%

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ESTIMATE OF PROPOSED CONSTRUCTION OF EDUCATIONAL BUILDING

V/C/ CORPORATION BANK/ SAKET/ MRT/ V-6/1/511

Assignment

They have been retained by Ram Nath Memorial Trust Society, Meerut situated at Village Nagliesha, Hastinapur, Mawana Road, Mawana District Meerut, to carry out the estimate of the expenditure which would be required for the construction of Educational Building.

Purpose

To estimate the construction cost for financial institution purpose.

Particulars

Estimate of the expenditure to be made on the construction of Educational Building. The estimate is carried out at the behest of the owner and Corporation Bank, Saket, Meerut.

DESCRIPTION

General:

1. It is proposed to construct three storey educational building

2. The Land is freehold.

3. The area is served by all urban amenities

4. The proposed construction is on the land, situated at Village Nagliesha, Tehsil Mawana, District Meerut.

LAND:

Land already exists.

The estimate is required without the cost of land.

SPECIFICATIONS

§ Structures are to be created on columns and beams

§ First class brick work all through, to be used.

§ Walls are to be of Brick masonry in cement mortar, plastered, and to be finished with plastic paints.

§ Floors are to be of very good quality stones.

§ Concealed electric fittings would be provided.

§ G.I. pipe for water supply and SWG pipes for sanitation are to be used.

§ Metelled approach road to be provided.

§ There will own external electric system an internal telecom system.

§ In other field, a high quality standard is intended to be adopted, being in educational building.

ESTIMATION

The assessment has been made by plinth are cost methods. Basis of the valuation is taken as the plinth are rate which can be applied to be constructions in the area these days, with the specification adopted keeping all the details descript above, a plinth area rate of Rs.7,500/- per sq. M. has been estimated for the educational building. The cost of international water supply and sewerage and associates installations have been included in the plinth area rates.

COMPUTATION

Land: Land already exists

NEW PROPOSED CONSTRUCTION

Ground Floor: 2327.00 sq. m.

First Floor: 2327.00 sq. m.

Second Floor: 2327.00 sq. m.

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Total: 6981.00 sq. m.

6981.00 x 7,500.00 = Rs.52.357 Millions

Add: 5.81 for external water supply external electrifications and internal roads = Rs.3.042 Millions

Rounded to Rs.55.400 Millions

STATE WISE BREAKUP OF THE EXPENDITURE:

The intermediate progress of work and subsequent release of funds would be made according to those norms.

GROUND FLOOR:

1. Upto Plinth level – 15%

2. Upto Slah Level – Before a lying of the slab – 40%

3. Upto Roof level – After a lying of the slab – 50%

4. In Flooring other finished and wooden work – rest of the 50%

-------------------------------------------------------

Total = 100%

FIRST FLOOR:

1. Upto slab level – Before a lying of the slab – 35%

2. Upto Roof Level – After a lying of the slab – 45%

3. In Flooring other finishing and wooden work – rest of the 55%

-------------------------------------------------------

Total = 100%

SECOND FLOOR:

1. Upto slab level – Before a lying of the slab – 35%

2. Upto Roof Level – After a lying of the slab – 45%

3. In Flooring other finishing and wooden work – rest of the 55%

-------------------------------------------------------

Total = 100%

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PERSONAL ASSETS OF THE MEMBERS

Description of the assets Owned by them	Amount (Rs. In Millions)
Mr. P. N. Singhal	47.860
Mrs. Seema Singhal	5.547
Mr. Sankalp Singhal	0.435

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WEBSITE DETAILS:

PROFILE:

On January 1, 1980, the Trusts underwent a change in structure in order to better carry out their core mission of serving the public interest. On that date, the Trusts--after receiving all necessary legal approvals--began operating as an independent public charity. The organization will improve the Trusts’ flexibility and effectiveness in fulfilling their objectives, specifically:

• Informing the public on key issues and trends through independent, highly credible research and polling.

• Advancing policy solutions on important issues facing the Hindu Rashtra

• Supporting the arts, heritage, health and well-being of their diverse citizenry, and civic life, with particular emphasis on Hastinapur. The Trusts’ imbued their foundation with the entrepreneurial and visionary spirit they had made part of their daily lives. The new structure will enable the Trusts to maintain that spirit and to continue practicing the principles of informed leadership, wise stewardship and attentive service that are integral to their heritage.

Dr. P.N. Singhal was always very clear on one thing for the efforts to have any lasting benefit, must tackle the roots of a problem. If only treat the “superficial manifestations” of poverty, or social injustice, or political inequality, then will ease the symptoms for a time, but make no lasting difference. At RNMT, they want to engage in philanthropy which changes the existing power imbalances in society to effect real change.

They place deliberately at the cutting edge of difficult and contentious issues. They believe in creating a dialogue across difference and they want to support change towards a better world.

They recognize that change can take many years to achieve. They are willing to take the long view, and to take risks. They try to be flexible enough to respond quickly to the changing needs and demands of their world.

Their interest is in removing problems, not in making them easier to live with. RNMT Trustees are Quakers, and decision-making and practice are based on Quaker values. So Trustees try to discern God’s guidance by keeping open hearts and minds, and by listening. Trust meetings are based on Quaker business method. Each Trust meeting starts and ends with a period of silent worship. They don’t vote - they try to listen to each other and to God, so that they are guided to the right decision.

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.21
UK Pound	1	Rs.72.55
Euro	1	Rs.62.43

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	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.