MIRA
INFORM REPORT
|
Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
BHARAT COLD CHAINS PRIVATE LIMITED |
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Registered
Office : |
1, |
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Country : |
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Financials (as
on) : |
31.01.2011 Provisional |
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Date of
Incorporation : |
05.08.2009 |
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Com. Reg. No.: |
037939 |
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CIN No.: [Company Identification
No.] |
U15122UP2009PTC037939 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
ALDB01471B |
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PAN No.: [Permanent Account No.] |
AAECB0179N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of ICE and Service Provider of Cold Storage. |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company and yet to commence commercial activities.
The valuation report provided is of much lesser value than the transaction
amount. The networth statement however seems to be satisfactory. No further
details 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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. B. R. Akolkar |
|
Designation : |
Chief Manager |
|
Contact No.: |
91-9427558156 |
|
Date : |
04.03.2011 |
LOCATIONS
|
Registered Office : |
1, |
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Mobile No.: |
91-9427558156 (Mr. B. R. Akolkar) |
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E-Mail : |
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Location : |
Owned |
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Units : |
Gram and Post Pure Bhagwat Tehsil Lalganj, District Pratapgarh, |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Kiranbala Girish Shastri |
|
Designation : |
Director |
|
Address : |
Shiv Kunj, 9- Dayan Marg, |
|
Date of Birth/Age : |
29.03.1960 |
|
PAN No.: |
AUDPS6226M |
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|
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|
Name : |
Mr. Girish Ramanugrah Shastri |
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Designation : |
Director |
|
Address : |
9, |
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Date of Birth/Age : |
01.09.1955 |
|
PAN No.: |
AQMPS8846E |
KEY EXECUTIVES
|
Name : |
Mr. B. R. Akolkar |
|
Designation : |
Chief Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 05.09.2009)
|
Names of Allottees |
|
No. of Allotted |
|
|
|
|
|
Kiranbala Girish Shastri |
|
9500 |
|
Girish Ramanugrah Shastri |
|
51000 |
|
Raja Ram Shukla |
|
80000 |
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|
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Total |
|
140500 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of ICE and Service Provider of Cold Storage. |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
12 (Office 5 and Factory 7) |
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Bankers : |
§
Allahabad Bank Branch Katra, § Corporation Bank 69, Jonhston Ganj, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Satish C. Shah and Associates Chartered Accountant |
|
Address : |
5, Gopal Vihar, Mahmoorganj, |
|
Tel. No.: |
91-542-2360502 |
CAPITAL STRUCTURE
(AS ON 31.01.2011
PROVISIONAL)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Share |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
482500 |
Equity Share |
Rs.10/- each |
Rs.4.825
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.01.2011 (Provisional) |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
4.825 |
3.625 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
4.825 |
3.625 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
18.500 |
13.147 |
|
|
2] Unsecured Loans |
|
2.398 |
0.000 |
|
|
TOTAL BORROWING |
|
20.898 |
13.147 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
25.723 |
16.772 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
25.101 |
15.173 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
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|
|
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|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000
|
0.000 |
|
|
Sundry Debtors |
|
0.000
|
0.000 |
|
|
Cash & Bank Balances |
|
0.027
|
1.081 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
0.409
|
0.345 |
|
Total
Current Assets |
|
0.436
|
1.426 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.000
|
0.000 |
|
|
Other Current Liabilities |
|
0.000
|
0.012 |
|
|
Provisions |
|
0.000
|
0.000 |
|
Total
Current Liabilities |
|
0.000
|
0.012 |
|
|
Net Current Assets |
|
0.436
|
1.414 |
|
|
|
|
|
|
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|
MISCELLANEOUS EXPENSES |
|
0.186 |
0.185 |
|
|
|
|
|
|
|
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TOTAL |
|
25.723 |
16.772 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.01.2011 (Provisional) |
31.03.2010 |
|
|
|
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|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
4.33 |
3.63 |
|
|
|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
|
0.00 |
118.83 |
LOCAL AGENCY FURTHER INFORMATION
COST OF PROJECT
(RS.
IN MILLIONS)
|
Particulars
|
Existing Upto 31.01.2011 |
Proposed |
Total |
|
FIXED
ASSETS |
|
|
|
|
Land |
0.932 |
-- |
0.932 |
|
Civil Work (Existing Chamber and Ice
Plant) |
16.817 |
4.646 |
21.463 |
|
Civil Work (Proposed Chambers and Ice
Plant) |
-- |
19.190 |
19.190 |
|
Plant and Machinery (Existing Chamber and
Ice Plant) |
7.321 |
2.021 |
9.342 |
|
Plant and Machinery (Proposed Chambers and
Ice Plant) |
-- |
5.0300 |
5.300 |
|
Office Furniture |
0.016 |
-- |
0.016 |
|
Computers |
0.016 |
-- |
0.016 |
|
Security with Commercial Tax Deptt. (FDR) |
0.025 |
-- |
0.025 |
|
Security with Electricity Deptt. |
0.384 |
-- |
0.384 |
|
Cash and Bank Balance |
0.027 |
-- |
0.027 |
|
Interests During Construction Period |
-- |
2.051 |
2.051 |
|
Money for working Capital |
-- |
1.300 |
1.300 |
|
Preliminary Expenses |
0.185 |
-- |
0.185 |
|
|
|
|
|
|
Total
Fund Required |
25.723 |
34.508 |
60.231 |
MEANS OF FINANCE
(RS.
IN MILLIONS)
|
Particulars
|
Existing Upto 31.01.2011 |
Proposed |
Total |
|
|
|
|
|
|
A]
Promoters Fund |
|
|
|
|
Shares Capital |
4.825 |
4.707 |
9.532 |
|
Interests Free Unsecured Loans |
2.398 |
-- |
2.398 |
|
Total
(A) |
7.223 |
4.707 |
11.930 |
|
|
|
|
|
|
B]
Term Loan |
|
|
|
|
Interests Free Bank finance against
Capita; subsidy from NHM |
|
|
|
|
For Existing Chambers |
-- |
3.250 |
3.250 |
|
Fro Proposed Chambers |
-- |
7.622 |
7.622 |
|
|
|
|
|
|
Bank finance |
18.500 |
18.929 |
37.429 |
|
Total
(B) |
18.500 |
29.801 |
48.301 |
|
|
|
|
|
|
Total
(A + B) |
25.723 |
34.508 |
60.231 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED OF PERFORMANCE AND PROFITABILITY
(RS.
IN MILLIONS)
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(PROJECTED) |
||||
|
Potato (in Tones) |
3.336 |
6,672 |
6,672 |
6,672 |
6,672 |
|
Own Potato (in Tones) |
934 |
1,668 |
1,668 |
1,668 |
1,668 |
|
|
|
|
|
|
|
|
Total Storage Charges Received |
5.004 |
10.008 |
10.008 |
10.008 |
10.008 |
|
Net Income on |
1.668 |
3.336 |
3.336 |
3.336 |
3.336 |
|
|
4.480 |
4.480 |
4.480 |
4.480 |
4.480 |
|
|
|
|
|
|
|
|
Total Receipts |
11.152 |
17.824 |
17.824 |
17.824 |
17.824 |
|
|
|
|
|
|
|
|
Charges |
0.033 |
0.067 |
0.067 |
0.067 |
0.067 |
|
Electricity |
1.150 |
1.401 |
1.401 |
1.401 |
1.401 |
|
Fuel |
1.680 |
1.680 |
1.680 |
1.680 |
1.680 |
|
Salaries |
0.438 |
0.486 |
0.534 |
0.582 |
0.642 |
|
Labour Charges |
0.072 |
0.152 |
0.168 |
0.184 |
0.200 |
|
Other Operating Expenses |
1.315 |
1.447 |
1.592 |
1.751 |
1.926 |
|
Preliminery Expenses W/off |
0.037 |
0.037 |
0.037 |
0.037 |
0.037 |
|
Depreciation |
5.949 |
5.816 |
5.134 |
4.535 |
4.008 |
|
Interests on Term Loan - 1 |
1.868 |
1.680 |
1.440 |
1.060 |
0.620 |
|
Interests on Term Loan 2 |
2.651 |
2.508 |
2.268 |
1.888 |
1.408 |
|
Interests on Working Capital Loan |
0.393 |
0.393 |
0.393 |
0.393 |
0.393 |
|
Total Expenses |
15.586 |
15.667 |
14.714 |
13.578 |
12.382 |
|
|
|
|
|
|
|
|
Profit Before Tax |
(4.434) |
2.157 |
3.110 |
4.246 |
5.442 |
|
|
|
|
|
|
|
|
Provision for Tax |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Profit After Tax |
(4.434) |
2.157 |
3.110 |
4.246 |
5.442 |
|
|
|
|
|
|
|
|
Net Cash Accrual |
1.552 |
8.010 |
8.281 |
8.818 |
9.487 |
|
|
|
|
|
|
|
|
Repayment of Term Loan 1 |
0.750 |
1.500 |
3.000 |
3.500 |
4.000 |
|
|
|
|
|
|
|
|
Repayment of Term Loan 2 |
0.750 |
1.500 |
3.000 |
3.500 |
5.000 |
|
|
|
|
|
|
|
|
Repayment of Term Loan |
1.500 |
3.000 |
6.000 |
7.000 |
9.000 |
|
|
|
|
|
|
|
|
Debt Service Ratio |
1.03 |
2.67 |
1.38 |
1.26 |
1.05 |
|
|
|
|
|
|
|
|
DSCR |
1.02 |
2.07 |
1.31 |
1.23 |
1.05 |
|
|
|
|
|
|
|
|
Average DSCR |
2.19 |
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(PROJECTED) |
|||||
|
SOURCES OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital |
|
|
|
|
|
|
|
Shares Capital |
6.925 |
9.532 |
9.532 |
9.532 |
9.532 |
9.532 |
|
Interests Free Unsecured Loans |
2.398 |
2.398 |
2.398 |
2.398 |
2.398 |
2.398 |
|
Reserve and Surplus |
-- |
(4.434) |
(2.277) |
0.833 |
5.079 |
10.521 |
|
Capital Subsidy |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Secured Loans |
|
|
|
|
|
|
|
Term Loan 1 |
18.500 |
14.500 |
13.000 |
10.000 |
6.500 |
2.500 |
|
Term Loan 2 |
4.646 |
21.429 |
19.929 |
16.929 |
13.429 |
8.429 |
|
Term Loan (Back and Subsidy) |
-- |
10.872 |
10.872 |
10.872 |
10.872 |
10.872 |
|
Working Capital Loan |
-- |
6.500 |
6.500 |
6.500 |
6.500 |
6.500 |
|
|
|
|
|
|
|
|
|
TOTAL |
32.469 |
60.797 |
59.954 |
57.064 |
54.310 |
50.752 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
|
|
|
|
|
|
|
Gross Block |
31.798 |
58.309 |
52.360 |
46.544 |
41.410 |
36.875 |
|
Less: Depreciation |
-- |
(5.949) |
(5.816) |
(5.134) |
(4.535) |
(4.008) |
|
|
|
|
|
|
|
|
|
Net Block |
31.798 |
52.360 |
46.544 |
41.410 |
36.375 |
32.867 |
|
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
|
Cash and Bank Balance |
0.076 |
2.879 |
7.889 |
10.170 |
11.968 |
12.475 |
|
Stock in |
-- |
5.000 |
5.000 |
5.000 |
5.000 |
5.000 |
|
Security with commercial tax |
0.025 |
0.025 |
0.025 |
0.025 |
0.025 |
0.025 |
|
Security with electricity dept |
0.384 |
0.384 |
0.384 |
0.384 |
0.384 |
0.384 |
|
|
|
|
|
|
|
|
|
Total current assets |
0.485 |
8.288 |
13.298 |
15.579 |
17.397 |
17.884 |
|
|
|
|
|
|
|
|
|
Msc. Expenditure |
|
|
|
|
|
|
|
Preliminery Expenses |
0.185 |
0.148 |
0.111 |
0.074 |
0.037 |
-- |
|
|
|
|
|
|
|
|
|
TOTAL |
32.469 |
60.797 |
59.954 |
57.064 |
54.310 |
50.752 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITY
BHARAT
COLD CHAINS PRIVATE LIMITED
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Address of the
Property with survey No/ door No. etc. |
Gram and Post
Pure Bhagwat Tehsil Lalganj, District Pratapgarh, |
|
|
|
|
Description: Land/ Site/ Building |
Land and Building |
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
|
|
|
|
Type of Property |
Commercial |
|
|
|
|
Area/ Extent of Land |
123560 sq. ft. |
|
|
|
|
Mortgaged for Availing Loan if any, details thereof |
Mortgaged with Allahabad Bank, |
|
|
|
|
Present Market /
Assessed Value |
10.955 |
DEPOSITS HELD WITH
BANKS/ COMMERCIAL/ OTHER LENDER ETC.
|
Name of the
Bank/ company Where depoaits are held |
Allahabad Bank Bank of Central Bank of |
|
|
|
|
Date of deposits
|
31.03.2010 |
|
|
|
|
Nature of
deposits |
Current Accounts |
|
|
|
|
Present value of
deposits |
0.882 |
OTHER ASSETS
|
Furniture and Fixtures |
0.008 |
|
|
|
|
Cash in Hand |
0.198 |
|
|
|
|
Jewellery |
-- |
|
|
|
|
Plant and Machinery |
4.209 |
|
|
|
|
Other Assets |
0.520 |
|
|
|
|
Total Value of
Other Assets |
4.935 |
|
TOTAL ASSETS |
RS.16.772
MILLIONS |
LIABILITIES
|
Name of the Bank/ Institute |
Allahabad Bank |
|
|
|
|
Nature of Type of Loan |
Term Loan |
|
|
|
|
Date of loan |
31.03.2010 |
|
|
|
|
Amount of Loan Availed |
13.147 |
|
|
|
|
Amount
Outstanding |
13.147 |
|
NET WORTH |
RS.3.625
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITY
MR.
GIRISH R. SHASTRI
MR.
KIRANBALA G. SHASTRI
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Address of the
Property with survey No/ door No. etc. |
Flat at |
-- |
|
|
|
|
|
Present Market /
Assessed Value |
35.000 |
-- |
DEPOSITS HELD WITH
BANKS/ COMMERCIAL/ OTHER LENDER ETC.
|
Name of the Bank/
company Where depoaits are held |
Share Capital 3.375 Unsecured Loans 2.000 |
Share Capital 1.200 Unsecured Loans 0.398 |
|
|
|
|
|
Present value of
deposits |
5.375 |
1.598 |
DEPOSITS HELD WITH
BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the
Bank/ company where deposits are held |
0.400 PPF 0.350 Central Bank SB 0.150 Bank of 0.046 0.350 Allahabad Bank SB Mumbai |
0.070 Central Bank SB 0.060 bank of |
|
|
|
|
|
Present Value of
deposits |
1.296 |
0.130 |
SHARES/
DEBENTURES/ MUTUAL FUNDS/ UNITS ETC.
|
Face Value |
0.200 Shares of Listed Companies |
0.050 Shares of Listed Companies |
|
|
|
|
|
Present Value |
0.200 |
0.050 |
OTHER ASSETS
|
Cash in Hand |
0.050 |
0.090 |
|
|
|
|
|
Jewellery |
0.200 |
0.950 |
|
|
|
|
|
Total Value of
Other Assets |
0.250 |
1.040 |
|
TOTAL ASSETS |
RS.42.121
MILLIONS |
RS.2.818
MILLIONS |
|
NET WORTH |
RS.42.121
MILLIONS |
RS.2.818
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
Valuation in respect of property bearing Gatta
No.- 553 and 595, Village, Pure Bhagwat, Pargana Atheha, Tehsil Lalganj,
District Pratapgarh.
Owners: Bharat Cold Chains Private Limited
The said property was inspected on 10.11.2011
Reference o Registered Sale deed vide Bahi No.
I. Jild No. 1451, Pages- 351/402, Registration No.- 2335, Dated- 05.09.2009.
It is Cold Storage situated at Village- Pure
Bhagwat. District- Pratapgarh. It is located along the 20-2 wide side road
bifurcating from Atheha Market to Gauriganj crossing near the Satya Filling
Station and hardly 1.50 Km. away from the main road. The frontage of land is
396-0
The boundaries of the-said property according
to Sale Deed are as below:
East Kachcha Rasta
West Chak of Mr. Virendra Kumar Shukla
North Chak of Mr. Kripa Shankar Ojha and
Ashutosh Prakash Shukla.
South Chak of Mr. ram Dulare and Mr. Shyam
Lal.
Area of land as per Sale Deed = 1.148 Hectare
= 90.744 Biswa
The said property is located in a developing
area and surrounded by residential-cum-commercial premises. The main amenities
like; Primary School, State Bank of India Kumbhi Branch, Udaipur Police
Station, Satya Filling Station, Atheha Market and other various shops are
existing within the range of 1.50 Km. radius from the said property.
The details of accommodation and their
specifications are described below:
Part (A) (Cold Storage)
Built up area of each floor = 8,507.25 sq. ft.
Total built up area of six floors = 51,043.50
Sq. ft.
Ceiling Height of each floor = 7-9
Total ceiling Height of cold storage = 50-0
Specification:
It is a R.C.C. framed structure.
Walls are constructed in cement mortar and
plastered from both sides.
M.S. Roiling shutters are provided.
Slab is made of R.C.C.
R.C.C. Beams are provided.
P.C.C. flooring is provided at Ground floor
Part (B)
Thermocole insulation with Bitumen, M. S. Jalli complete is provided
Area = 1,292.16M2 = 13,903.64 sft.
Country wood Perforated Rack Floor
Area = 4,641.22 M2 = 49,939.53 sft.
Tubwell (Submersible Pump)
Deodar/ Shisham Wood Stair in Chamber
No. of Stairs = 5 Nos.
Part (C)
Meter Room
Area = 81.00 Sft.
Size = 83 x 8-3
Ceiling Height = 10-0
Specification
· Walls are constructed in cement mortar and plastered
· Flooring is in IPS
· Slab is made of RCC
· M. S. Angle frame is provided in door.
· M.S. Shutter is provided.
· White washing is provided.
· Electric wiring is in open conduit pipe.
Extension Machine room (Receiver Room)
Area = 216.00 Sft.
Size = 8-0 27-0
RCC Generator Platform
Area = 240.00 Sft.
Plinth Height = 1-6
Size = 200 x 12-0
Specification
· Walls are constructed upto plinth level and plastered.
· Flooring is in R.C.C.
Insulated door
No. of doors = 1 No.
Condenser Tank
Size = 60-0 x 30-0
Area = 1800.00 Sft.
Walls Height 27-0
Specifications
· Walls are constructed in cement mortar with R.C.C. columns and beams.
· Plastered from both sides.
Shed
Area = 1000.00 sft.
Size = 50-0 x 20-0
Roof Height = 14-0/10-0
Specification
· Walls are constructed in cement mortar and plastered from both sides.
· R.C.C. columns are provided.
· Roof is made of asbestos sheets, supported by M.S. Girder.
· Flooring is in I P.S.
Insulated Door
No. of doors = 5 No.
Central Platform
Plinth Height = 2-0
Size = 20-0 x 24-0
PART (D) EXTRA WORK
· Cost of Raising of columns and brick work to support the A.C. Sheets on top floor
· Development appurtenant of land
PART (E) LOADING SHED
Size = 84-0 x 40-0
The construction work is under progress.
Around 21 Nos. R.C.C. Columns are completed upto Plinth Height.
PART (F) ICE PLANT ROOM
Size = 20-0 x 28-0
Area = 560.00 Sft.
Note: Although major work related to cold storage
has been completed but roofing on top of the terrace of cold storage and its
insulation works seems to he pending, Besides this, in order o development of
appurtenant land, pavement in the open land, boundary wall long with
administrative block with General Toilet is not yet started.
------------------------------------------------------------------------------------------------------------------------------
CALCULATION:
PART (A)
Cost Storage (Ht.-50-0)
8,507.25 sft @ Rs.1,100.00/- sft. = Rs.9.358
Millions
Add: 10% for services = Rs.0.936 Million
PART (B)
Thermocole Insulation
13,903.64 sft. @ Rs.116.50 sft. = Rs.1.620
Millions
Country Wood Perforated, Rate floor
49,939.53 sft. @ Rs.55.00/ Sft. = Rs.2.747
Millions
Tubewell (Submersible Pump) One
Job = Rs.0.100 Million
Deodar/ Shisham wood star in chamber
5 Nos. 2 Rs.24,000.00/- each = Rs.0.120
Million
PART (C)
Meter Room
81.00 sft. @ Rs.750.00 sft. = Rs.0.061 Million
Add: 15% for Services = Rs.0.009 Million
Extension Machine Room (Receive Room)
216.00 sft. @ Rs.230.00 sft. = Rs.0.050
Million
RCC Generator Platform = Rs.0.120
Millions
Insulated Door
1 Nos. @ Rs.50,000.00 each = Rs.0.050 Million
Condenser Tank
1,800.00 sft. @ Rs.220.00 sft. = Rs.0.396
Million
Shed
1,000.00 sft @ Rs.100.00 sft. = Rs.0.100
Million
Insulated Windows
5 Nos. @ Rs.25,000.00/- each = Rs.0.125
Million
General Platform = Rs.0.040 Million
PART (D) EXTRA WORK
Cost of Raising of Columns and Brick work to
support the A.C. sheets on top floor = Rs.0.800 Million
Development Appurtenant of Land = Rs.0.200
Million
PART (E) LOADING SHED = Rs.0.400 Million
PART (F) ICE PLANT ROOM = Rs.0.250
Million
TOTAL VALUE OF CONSTRUCTION = RS.17.481 MILLIONS
------------------------------------------------------------------------------------------------------------------------------
LAND AREA AS PER
(Area 1.148 Hectare = 90.744 Biswa)
1st 15.00 Biswa @ Rs.45,000.00/
Biswa = Rs.0.675 Million
2nd 25.00 Biswa @ Rs.30,000.00/
Biswa = Rs.0.750 Million
Rest. 50.744 Biswa @ Rs.10,000.00/ Biswa =
Rs.0.507 Million
Total value of land = Rs.1.932 Millions
Total Fair Market Value of Property = Rs.19.413 Millions
Distress
Value of plant and Machinery = Rs.7.200 Millions
Total Value of Land, Building and Plant and Machinery = Rs.26.600
Millions
------------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Intl
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 companys 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.45.27 |
|
|
1 |
Rs.72.95 |
|
Euro |
1 |
Rs.63.98 |
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.