MIRA
INFORM REPORT
|
Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
SWARAN TRANSPORT COMPANY |
|
|
|
|
Registered
Office : |
Hajiganj, Patna Sahib, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2010 (Provisional) |
|
|
|
|
Year of
Establishment : |
1994 |
|
|
|
|
PAN No.: [Permanent Account No.] |
APBPS1486C |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Providing a Transport Services. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject seems to be an established concern in its field. Trade
relations are fair. The valuation report provided is of a lesser value the proposal
amount involved. The networth statement however seems to be satisfactory. No
complaints have been heard from market sources. It would be advisable to take adequate securities while dealing with
the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Swaran Singh |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9899664425 |
|
Date : |
09.03.2011 |
LOCATIONS
|
Registered Office : |
Hajiganj, Patna Sahib, |
|
Tel. No.: |
91-612-2616433 |
|
Mobile No.: |
91-9899664425 (Mr. Swaran Singh) |
|
E-Mail : |
|
|
Area : |
6000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
B – 224, Vivek Vihar, |
|
Tel No.: |
91-11-22162414 |
|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Swaran Singh |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Providing a Transport Services. |
GENERAL INFORMATION
|
No. of Employees : |
175 (Office – 25 and Branch – 150) |
|
|
|
|
Bankers : |
·
Bank of · Corporation Bank · HDFC Bank · Punjab National Bank ·
State Bank of |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C. Bhattacharjee and Company Chartered Accountant |
|
Address : |
Rajeev Nagar, |
|
Tel No.: |
91-612-2550779(Res.)/ 6412170 |
|
Mobile No.: |
91-9835223879 |
CAPITAL STRUCTURE
PROPRIETOR’S CAPITAL
(RS.
IN MILLIONS)
|
Particulars |
31.12.2010 (Provisional) |
|
Capital Account |
|
|
(Mr. Swarn
Singh) |
|
|
Opening Balance |
6.081 |
|
Add: Profit
during the year |
9.585 |
|
|
|
|
Less: Drawings |
0.525 |
|
|
|
|
Total |
15.141 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2010 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
15.141 |
6.082 |
2.742 |
2.581 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
15.141 |
6.082 |
2.742 |
2.581 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
10.152 |
18.119 |
15.924 |
13.755 |
|
|
2] Unsecured Loans |
1.755 |
1.755 |
0.200 |
0.200 |
|
|
TOTAL BORROWING |
11.907 |
19.874 |
16.124 |
13.955 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
27.048 |
25.956 |
18.866 |
16.536 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
24.690 |
24.691 |
19.748 |
15.498 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
3.895
|
5.594
|
4.979 |
1.149 |
|
|
Cash & Bank Balances |
0.842
|
1.898
|
0.314 |
1.379 |
|
|
Other Current Assets |
3.137
|
3.826
|
3.850 |
2.654 |
|
|
Loans & Advances |
0.000
|
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
7.874
|
11.318 |
9.143 |
5.182 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditor |
1.865
|
1.273
|
0.002 |
0.593 |
|
|
Other Current Liabilities |
3.651
|
8.480
|
9.649 |
3.448 |
|
|
Provisions |
0.000
|
0.300
|
0.374 |
0.103 |
|
Total
Current Liabilities |
5.516
|
10.053 |
10.025 |
4.144 |
|
|
Net Current Assets |
2.358
|
1.265 |
(0.882) |
1.038 |
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
27.048 |
25.956 |
18.866 |
16.536 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2010 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
30.979 |
33.910 |
22.071 |
16.874 |
|
|
|
Other Income |
0.002 |
0.001 |
0.001 |
0.035 |
|
|
|
TOTAL (A) |
30.981 |
33.911 |
22.072 |
16.909 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Operating Expenses |
17.046 |
22.037 |
11.678 |
7.077 |
|
|
|
Office and Administrative Expenses |
2.486 |
2.089 |
1.342 |
2.159 |
|
|
|
TOTAL (B) |
19.532 |
24.126 |
13.020 |
9.236 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
11.449 |
9.785 |
9.052 |
7.673 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.862 |
1.929 |
2.101 |
1.827 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.587 |
7.856 |
6.951 |
5.846 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
6.857 |
6.049 |
5.341 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
9.587 |
0.999 |
0.902 |
0.505 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
0.300 |
0.270 |
0.103 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA |
0.699 |
0.632 |
0.402 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 (Provisional) |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
2.06 |
2.86 |
2.38 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
30.95
|
2.95 |
4.09 |
2.99 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.44
|
2.77 |
3.12 |
2.44 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.63
|
0.16 |
0.33 |
0.20 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.15
|
4.92 |
9.54 |
7.01 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.13 |
0.91 |
1.25 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Estimated |
Projected |
||
|
|
|
|
||
|
Goss Sales |
|
|
||
|
Domestic Sales |
43.000 |
51.000 |
56.000 |
60.000 |
|
Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total |
43.000 |
51.000 |
56.000 |
60.000 |
|
|
|
|
|
|
|
Less : Excise Duty |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Net
Sales |
43.000 |
51.000 |
56.000 |
60.000 |
|
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Total |
43.000 |
51.000 |
56.000 |
60.000 |
|
|
|
|
|
|
|
Cost
of Sales (Includes Operating Expenses) |
|
|
|
|
|
|
|
|
|
|
|
Enroute and Diesel Expenses |
15.302 |
17.570 |
18.988 |
19.838 |
|
Repairs and Maintenance |
1.873 |
3.150 |
3.523 |
3.927 |
|
Spare Parts |
4.611 |
5.394 |
5.720 |
6.275 |
|
Road Tax |
0.883 |
1.014 |
1.096 |
1.145 |
|
Permit Fees |
2.781 |
3.193 |
3.450 |
3.605 |
|
Tyres and Tubes |
0.955 |
1.296 |
1.985 |
2.338 |
|
Fitness Certificate and Carrunning and Maintenance |
0.595 |
0.683 |
0.738 |
0.972 |
|
|
|
|
|
|
|
SUB
TOTAL |
27.000 |
32.300 |
35.500 |
38.100 |
|
|
|
|
|
|
|
Selling General and Administrative Expenses |
2.600 |
3.000 |
3.250 |
3.400 |
|
|
|
|
|
|
|
Operation profit before interest |
13.400 |
15.700 |
17.250 |
18.500 |
|
|
|
|
|
|
|
Interest |
3.000 |
3.500 |
3.800 |
4.000 |
|
Depreciation |
9.000 |
10.200 |
11.000 |
11.500 |
|
|
|
|
|
|
|
Operating profit after interest |
1.400 |
2.000 |
2.450 |
3.000 |
|
|
|
|
|
|
|
Non-Operating Income |
0.400 |
0.500 |
0.600 |
0.700 |
|
|
|
|
|
|
|
Non-Operating Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Net
of Other Non-Operating Income/ Expenses |
0.400 |
0.500 |
0.600 |
0.700 |
|
|
|
|
|
|
|
Profit Before Tax / Loss |
1.404 |
2.005 |
2.456 |
3.007 |
|
|
|
|
|
|
|
Provision for Taxes |
0.300 |
0.350 |
0.380 |
0.400 |
|
|
|
|
|
|
|
Net Profit / Loss |
1.104 |
1.655 |
2.076 |
2.607 |
|
|
|
|
|
|
|
Retained Profit |
1.104 |
1.655 |
2.076 |
2.607 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Estimated |
Projected |
|||
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
Short – Term borrowings from banks [including bills, purchased,
discounted and excess borrowings placed on repayment basis] |
|
|
|
|
|
|
From Application Bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
From other banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub
Total |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Short Term Borrowings from promoters |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sundry creditors [Trade] |
1.800 |
1.900 |
2.000 |
2.100 |
2.200 |
|
Advance payments from customers/ Deposits from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision for tax |
0.300 |
0.350 |
0.380 |
0.400 |
0.450 |
|
Dividend payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other statutory liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deposits/ Installments of term loans/ DPGs/ debentures,
etc [due within one month] For New Project |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other current liabilities and provisions [due within one year]
[Specify major items] |
6.000 |
6.200 |
6.400 |
6.600 |
6.800 |
|
|
|
|
|
|
|
|
SUB TOTAL |
8.100 |
8.450 |
8.780 |
9.100 |
9.450 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
8.100 |
8.450 |
8.780 |
9.100 |
9.450 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures [not maturing within one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Preference Shares [Redeemable after 1 year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term loans [excluding installments payable within
one year] |
31.000 |
24.000 |
17.000 |
10.000 |
3.000 |
|
Deferred Sales Tax / Deferred Loan Deferred Payment Credit
[Excluding installments due within one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term deposit [repayable after one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
From directors and relatives |
1.755 |
1.755 |
1.755 |
1.755 |
1.755 |
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL TERM LIABILITIES |
32.755 |
25.755 |
18.755 |
11.755 |
4.755 |
|
|
|
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
40.855 |
34.205 |
27.535 |
20.855 |
14.205 |
|
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
Ordinary Shares Capital |
7.500 |
8.700 |
9.700 |
10.700 |
11.700 |
|
Reserve and Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Shares Premium |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Surplus [+] or deficit [-] in Profit and Loss Account |
1.104 |
1.655 |
2.076 |
2.607 |
2.958 |
|
Other (Specify) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
NET WORTH |
8.604 |
10.355 |
11.766 |
13.307 |
14.658 |
|
|
|
|
|
|
|
|
TOTAL CAPITAL
+ LIABILITIES |
49.459 |
44.560 |
39.311 |
34.162 |
28.863 |
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
1.300 |
1.300 |
1.300 |
1.300 |
1.300 |
|
Investments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Receivable |
8.800 |
9.500 |
9.800 |
10.000 |
12.000 |
|
|
|
|
|
|
|
|
INVENTORY
|
|
|
|
|
|
|
Inventory of Raw Materials, WIP and Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Consumable Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances Payment of Suppliers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances Payment of Taxes
|
3.359 |
2.359 |
1.359 |
-- |
-- |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
13.459 |
13.159 |
12.459 |
11.300 |
13.300 |
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
Gross Block (Land and Building, Machinery,
Work-In-Progress) |
45.000 |
41.601 |
37.852 |
34.362 |
27.563 |
|
Depreciation to date |
6.857 |
9.000 |
10.200 |
11.000 |
11.500 |
|
|
|
|
|
|
|
|
NET BLOCK |
36.000 |
31.401 |
26.852 |
22.862 |
22.862 |
|
|
|
|
|
|
|
|
Total
Other Non current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INTANGIBLE
ASSETS |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
49.459 |
44.560 |
39.311 |
34.162 |
28.863 |
|
|
|
|
|
|
|
|
Tangible Net Worth |
8.604 |
10.355 |
11.766 |
13.307 |
14.658 |
|
|
|
|
|
|
|
|
Net Working Capital |
5.359 |
4.709 |
3.679 |
2.200 |
28.863 |
|
|
|
|
|
|
|
|
Current Ratio |
1.66 |
1.56 |
1.42 |
1.24 |
1.41 |
|
Total Outside Liabilities/ Tangible net worth |
4.75 |
3.30 |
2.34 |
1.57 |
0.97 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. SWARAN SINGH
NAME
OF THE GUARANTOR: MR. HARNEK SINGH
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTIES
|
Particulars |
Applicant |
Guarantor |
|
Address of the Property with survey No./ door No. etc. |
Village Raman,
Bathinda |
B – 224, Vivek
Vihar, |
|
|
|
|
|
Description: Land/ Site/ Building |
Land |
-- |
|
|
|
|
|
Whether Freehold/ Leasehold |
Freehold |
Freehold |
|
|
|
|
|
Type of Property |
Commercial |
Residential |
|
|
|
|
|
Area/ Extent of Land |
2 Acres |
125 sq. yards. |
|
|
|
|
|
Present Market /
Assessed Value |
30.000 |
35.000 |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ Firm/ Concern in which investment is made |
Swaran Transport
Company |
Padia Carrius
Private Limited |
|
|
|
|
|
Present value of
Investments |
6.082 |
1.500 |
LIFE
INSURANCE POLICIES
|
Policy Numbers |
-- |
Various Policy |
|
|
|
|
|
Annual Premium |
-- |
40000 per year |
|
|
|
|
|
Surrender Value |
--- |
0.300 |
VEHICLES
OWNED
|
Madel/ Make |
Innova |
Car Laura – 2010
Model |
|
|
|
|
|
Date of Purchases |
April 2010 |
Nov. 2010 |
|
|
|
|
|
Whether Hypothecate for Loan |
Bank of |
Yes |
|
|
|
|
|
Details of loan against vehicles |
1.000 |
-- |
|
|
|
|
|
Present Market
Value |
1.100 |
1.700 |
OTHER
ASSETS
|
Furniture and Fixtures |
0.400 |
0.300 |
|
|
|
|
|
Cash in Hand |
0.150 |
0.100 |
|
|
|
|
|
Jewellery |
2.500 |
1.800 |
|
|
|
|
|
Other Assets |
10.000 |
-- |
|
|
|
|
|
Total Value of
Other Assets |
13.050 |
2.200 |
LIABILITIES
|
Name of the Bank/ Institute |
Bank of |
-- |
|
|
|
|
|
Nature of Type of Loan |
Car Loan |
Car Loan |
|
|
|
|
|
Date of loan |
April 2010 |
Nov 2010 |
|
|
|
|
|
Amount of Loan Availed |
17.500 |
1.300 |
|
|
|
|
|
Amount
Outstanding |
12.000 |
1.300 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
GENERAL
INFORMATION
|
Name of the Owner’s |
S. Swaran Singh S/o S. Pritam Singh Sohil |
|
|
|
|
House No. |
NA |
|
M.C. No./ Ward |
NA |
|
Khasra No. |
31/12 Min (3-10), 13 (8-0) |
|
Khewat |
68 |
|
Khatauni |
225, 226 |
|
Jamabandi Year |
Not Mentioned |
|
Hadbast |
|
|
Address |
Khasra No.31/12 Min 9 3-10), 13 (8-0), Village Ramsra, |
|
|
|
|
Purpose of valuation |
CC limit |
|
|
|
|
List of documents perused: |
Regd. Deed No.2350 Dt. 17.11.2009 |
|
|
|
|
Date of Inspection |
January 17, 2011 |
|
|
|
|
Date of Valuation |
January 17, 2011 |
|
|
|
|
Approximate distance from the branch to the property in KM |
36.00 |
|
|
|
|
Situation/ location/ brief particulars of the land site and brief
description of the building. |
Plot near refinery on main approach road in village Ramsra 5 high
compound wall has been built. |
|
|
|
|
Boundaries of the property distance in ft. |
|
|
|
As per regd.
Deed |
|
East – 198’ 0” |
Agriculture |
|
West – 225’ 0” |
Refinery |
|
North – 373’ 0” |
Agricultural |
|
South – 266’ 0” |
Canal Water Course (lined) |
|
|
|
|
|
As per site and
Measurement |
|
East – 198’ 0” |
Agricultural |
|
West – 225’ 0” |
Refinery |
|
North – 373’ 0” |
Agricultural |
|
South – 266’ 0” |
Canal Water Course (lined) |
|
|
|
|
General Remark |
The plot is located in a developing commercial locality. |
|
|
|
|
Assuming the entire property is let out, the probable monthly rent |
Rs.10000.00 |
|
|
|
|
Whether the building plan is has been approved? If yes date of
approval, approving authority, whether the building has been constructed as
per approved plan. |
NA as the Property is Vacant land.
|
|
|
|
|
VALUATION
DETAILS – LAND |
|
|
The Total area (extent) Of the Site |
6957.50 |
|
|
|
|
Local units (Kanals- marlas) |
11 Kanals – 10 marlas |
|
|
|
|
Description of Locality |
|
|
|
|
|
Character of locality |
Commercial |
|
|
|
|
Classification |
Commercial |
|
|
|
|
Is the locality subjected to frequent Flooding |
No. The Filling is being done in this plot. Its plinth height wills be
more than the road level. As such not liable to flooring |
|
|
|
|
Feasibility to the civic amenities like School, Hospital, Offices, Markets
etc. |
The Approximate distances are as under, Hospital 6.0 KM at Ramanandi,
Bus Stanp 1.50 Km. Courts 17.00 KM at Talwandi Sabo, Market 6.0 km at Raman
Mandi. |
|
|
|
|
Shape of the land |
Trapezoidal |
|
|
|
|
Type of use to which it con be put |
Commercial |
|
|
|
|
Any other restriction of usage |
Nil |
|
|
|
|
Nature of right, whether eases hold free hold |
Freehold |
|
|
|
|
Road Facility |
Street bituminous |
|
|
|
|
Is it a corner Plot |
No. |
|
|
|
|
Water supply / Potentiality |
Owner Arrangement |
|
|
|
|
Under ground Sewerage |
Not Provided |
|
|
|
|
VALUATION
DETAILS – BUILDING |
|
|
Type of constructions |
Load bearing brick structure of the compound wall |
|
|
|
|
Quality of construction |
|
|
|
|
|
Appearance of the building |
|
|
|
|
|
Number of floors |
NA as only the compound wall is built round the plot. |
|
|
|
|
Maintenance of the building |
|
|
|
|
|
Description of the building |
|
|
|
|
|
Foundation |
Spread |
|
Superstructure |
Loan bearing |
|
Roof |
NA |
|
Doors |
NA |
|
Windows/ Ventilator |
NA |
|
Sanitary Fittings |
NA |
|
Flooring |
NA |
|
Electricity Supply |
No Connection Available |
|
|
|
|
Length of the Compound wall |
1027.00 |
|
|
|
|
Year of Construction |
2010 |
|
|
|
|
Total Lift of the Building estimate in years |
60.00 |
|
|
|
|
Balance life in years B |
59.00 |
|
|
|
|
Actual Period in From the date of Cost |
1.00 |
|
|
|
|
Replacement Rate of |
500.00 |
|
|
|
|
Replacement Value |
Rs.0.514 Million |
|
|
|
|
Depreciation value at the rate |
7702.50 |
|
|
|
|
Present Value of the Building |
Rs.0.506 Millions |
|
|
|
|
TOTAL VALUATION |
|
|
Rate of Land per sq. yds. |
3000.00 |
|
|
|
|
Valuation of land |
Rs.20.873 Millions |
|
|
|
|
Valuation of Building |
Rs.0.506 Million |
|
|
|
|
Total |
Rs.21.378
Millions |
|
|
|
|
Market Value of Property |
Rs.21.378 Millions |
|
|
|
|
Realisable Value of Property |
Rs.18.171 Millions |
|
|
|
|
Distress sale value of Property |
Rs.15.445 Millions |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Vehicles
· Computers
· Car
· Tanker
· Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.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.