MIRA
INFORM REPORT
|
Report Date : |
26.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
MAA VAISHNAVI ICE FACTORY |
|
|
|
|
Registered
Office : |
Mehra Gaw Ward No.20, Gandhi Nagar, Itarsi |
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Country : |
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Date of Incorporation
: |
Fresh Establishment. |
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|
Legal Form : |
Sole Proprietory Concern |
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|
Line of Business
: |
Manufacturer of Ice. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
New Concern |
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|
|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and yet to commence operations. The valuation
report provided seems to be satisfactory. No further details or payment could
be made available. It would be advisable to take adequate securities while dealing with
the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
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|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Gurdeep Singh |
|
Designation : |
Manager |
|
Contact No.: |
91-9977626208 |
|
Date : |
18.03.2011 |
LOCATIONS
|
Registered Office/ Factory : |
Mehra Gaw Ward No.20, Gandhi Nagar, |
|
Mobile No.: |
91-9425366836 |
|
E-Mail : |
|
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mrs. Vaishali Batra |
|
Designation : |
Proprietor |
|
Address : |
Ward No.20, Gandhi Nagar, |
|
Date of Birth/Age : |
25 years |
|
Qualification : |
Graduation |
KEY EXECUTIVES
|
Name : |
Mr. Gurdeep Singh |
|
Designation : |
Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ice. |
GENERAL INFORMATION
|
Suppliers : |
· Manoj Kumar Mobile No.: 91-9993160638 (In Front of Railway Station Itarsi) |
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Bankers : |
· Corporation Bank Near Gandhi Stadium, |
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Facilities : |
Credit Limit = Rs.2.495 Millions |
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Banking
Relations : |
-- |
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|
Auditors : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW CONCERN
LOCAL AGENCY FURTHER INFORMATION
PROJECT AT A GLANCE
|
Project |
Ice Manufacturing Unit |
|
|
|
|
Status |
Manufacturing Industry |
|
|
|
|
Sector |
Private Sector |
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|
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|
Promoters |
Mrs. Vaishali Batra |
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|
Constitution |
Proprietorship |
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|
|
Location |
Villagre Mehragaon, Itarsi, District –
Hoshangabad (M. P.) |
|
|
|
|
Employment |
19 Persons |
|
|
|
|
Total Project Cost |
Rs.2.495 Millions |
|
|
|
|
Capital Composition |
§
Promoters Contribution Rs.0.125 Million §
Subsidy Rs.0.873 Million §
Term Loan and C.C. Limit Rs.1.497 Millions |
|
|
|
|
Total Loan from Bank |
§
Term Loan and C.C. limit 14.97 §
Loan against subsidy portion 8.73 23.70 |
|
|
|
|
Promoters Contribution |
5.00% (As per norms of scheme) |
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|
|
|
Profit After Tax |
Rs.0.171 Million in first year |
|
|
|
|
BEP |
Rs.1.647 Millions (Average) |
|
|
|
|
DSCR |
1.56 time (Average) |
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|
|
|
Return on Investment |
25.02% (Average) |
------------------------------------------------------------------------------------------------------------------------------
THE PROJECT
The proposed project is for setting up a Ice Manufacturing unit.
This new set up will be will be situated at Village Mehragaon, Itarsi.
Now a days the demand of Ice is quite a lot. In Itarsi the demand is through
out the year due to Tawa Matsa Sangh at Kesla. At present there are only two or
three units of Ice Manufacturing at Hoshgangabad District. This set will be
equipped with latest equipments machines. Looking to all these factors the set
up will be a great success.
PROJECT COST
The total project cost including the working capital has been estimated
as Rs.2.495 Millions the break-up of total capital outlay and means finances is
as below.
BREAK-UP
OF TOTAL CAPITAL OUTLAY
|
Particulars |
Rs. in Millions Estimated Total Cost |
|
|
|
|
Factory building/ shed (As per estimate given by engineer) |
0.476 |
|
|
|
|
Equipment and Machines (As per Quotation) |
1.949 |
|
|
|
|
Furniture and Fittings (as per Quotation) |
0.020 |
|
|
|
|
Working Capital Requirement (Materials) |
0.050 |
|
|
|
|
Total |
2.495 |
MEANS
OF FINANCE
|
Promoters contribution |
0.125 |
|
Subsidy |
0.873 |
|
(35% under Prime Minister Employment Generation Programme) |
|
|
Assistance from Bank: TL CC Limit |
1.467 0.030 |
|
|
|
|
Total |
2.495 |
|
Total Loan From
Bank |
|
|
|
|
|
Term Loan and CC limit from Bank |
1.497 |
|
Loan against Subsidy Portion |
0.873 |
|
|
|
|
Total |
2.370 |
ESTIMATE OF
REVENUE REALIZATION AND EXPENDITURE
1. GROSS TURNOVER
PER MONTH
|
Sales of Ice |
Rs.0.175 Million |
|
|
|
|
Total = |
Rs.0.175 Millions |
i.e. yearly receipts will be Rs.2.100 Millions, further it has been
presumed than the same will increase by 5% annually.
2. REQUIREMENT OF RAW MATERIALS PER MONTH:
|
Ammonia Salt etc |
Rs.0.008 Million |
|
Other Consumable/ Chemicals etc |
Rs.0.002 Million |
|
|
|
|
Total = |
Rs.0.010 Million |
i.e. yearly receipts will be Rs.0.108 Million, further it has been
presumed than the same will increase by 5% annually.
3. REQUIREMENT OF
UTILITIES PER MONTH:
Utilities and services are facilities required for successful and
efficient operation of the plant. These included and water supply as under:
A. ELECTRIC POWER:
The connected load of the plant shall be about 80 H.P
|
Load |
80 HP |
|
Load Factor |
0.80 |
|
Reqd. Running |
80 x 0.80 x 0.746 = 47.744 kwh |
|
Total Required per day |
47.744 x 8 Hrs. 381.95 |
|
Total required p.a. |
381.95 x 300 days 114585 |
|
Tarrif Rate |
Rs.5.50 per Unit |
|
Annual Power Expenditure |
Rs.0.630 Million |
B. WATER
The process require abandon of water, so about rs.24,000.00 will be
incurred oh annual basis for the cost of water.
Total (A+B) =
Rs.0.654 Millions
Further it has been presumed that the same will increase by 5% annually.
4. STAFF SALARY
|
Particulars |
No. |
No of Months |
Monthly Salary |
Total Salary |
|
|
|
|
|
|
|
Skilled Labour |
2 |
12 |
3000 |
72000 |
|
Unskilled Labour
|
14 |
12 |
2000 |
336000 |
|
Marketing Cum
Office Assistance |
3 |
12 |
3000 |
108000 |
|
|
|
|
|
|
|
|
|
|
|
516000 |
|
Add: social
benefits @ 15% |
77400 |
|||
|
|
|
|||
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Total |
593400 |
|||
The average increment @ 5% has been taken from 3rd year
onwards.
5. ADMINISTRATION
AND OFFICE EXPENSES
Office and Administrative expenses has been estimated Rs.180000/- per
annum for printing and stationery, transportation, Telephone, traveling and
conveyance, insurance expenses., legal fees, advertisement expenses, Misc.
office expenses etc and further these expenses will be increased by 5%
annually.
6. DEPRECIATION
Depreciation has been worked out on straight Line method for
profitability statement and balance sheet and on written down method for
taxation analysis.
7. INTERESTS
Interests on Term Loan
Term Loan from bank is repayable in 5 years in monthly installments with
interests’ rate @ 11.50% p.a.
Interests on Loan
against subsidy
Subsidy portion will be financed by the bank and it is assumed that the
subsidy will be credited to bank within 12 months. Hence interests on loan
against subsidy has been considered @ 11.50 % per annum for 12 months only.
Interests on CC
limit
Interests on CC limit (working Capital) has been pressured @ 11.50% p.a.
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFITABILITY STATEMENT
(RS.
IN MILLIONS)
|
Particulars
years |
1 |
2 |
3 |
4 |
5 |
|
|
|
|
|
|
|
|
Income Revenue |
|
|
|
|
|
|
Total Turnover |
2.100 |
2.205 |
2.315 |
2.431 |
2.553 |
|
|
|
|
|
|
|
|
Total Revenue |
2.100 |
2.205 |
2.315 |
2.431 |
2.553 |
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
Raw Material |
0.108 |
0.113 |
0.119 |
0.125 |
0.131 |
|
Utilities |
0.654 |
0.687 |
0.721 |
0.757 |
0.795 |
|
Staff Salary |
0.593 |
0.623 |
0.654 |
0.686 |
0.721 |
|
Administrative and Office Expenses |
0.180 |
0.189 |
0.192 |
0.208 |
0.219 |
|
Depreciation |
0.220 |
0.220 |
0.220 |
0.220 |
0.220 |
|
Interests on Term Loan |
0.169 |
0.135 |
0.101 |
0.067 |
0.034 |
|
Interests on CC limit |
0.006 |
0.007 |
0.008 |
0.009 |
0.009 |
|
|
|
|
|
|
|
|
Total Expenses
(B) |
1.929 |
1.973 |
2.021 |
2.073 |
2.128 |
|
|
|
|
|
|
|
|
Net Profit before Tax |
0.171 |
0.232 |
0.294 |
0.358 |
0.424 |
|
|
|
|
|
|
|
|
Less: Income tax |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Profit after tax |
0.171 |
0.232 |
0.294 |
0.358 |
0.424 |
|
|
|
|
|
|
|
|
Net Cash
Accruals |
0.390 |
0.451 |
0.513 |
0.567 |
0.624 |
|
|
|
|
|
|
|
|
Repayment of
Term Loans |
0.293 |
0.293 |
0.293 |
0.293 |
0.293 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
years |
1 |
2 |
3 |
4 |
5 |
|
|
|
|
|
|
|
|
A] Sources of Funds
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. Capital and Reserve |
|
|
|
|
|
|
Property fixed capital |
0.125 |
0.125 |
0.125 |
0.125 |
0.125 |
|
Reserve and Surplus |
0.140 |
0.330 |
0.570 |
0.850 |
1.180 |
|
|
|
|
|
|
|
|
2. Subsidy |
0.873 |
0.873 |
0.873 |
0.873 |
0.873 |
|
|
|
|
|
|
|
|
3. Secured Loans |
|
|
|
|
|
|
Term Loan from Bank |
1.174 |
0.880 |
0.587 |
0.293 |
0.000 |
|
Working Capital Limit |
0.030 |
0.030 |
0.030 |
0.030 |
0.030 |
|
|
|
|
|
|
|
|
Total |
2.341 |
2.238 |
2.185 |
2.171 |
2.208 |
|
|
|
|
|
|
|
|
B] Application
of Funds |
|
|
|
|
|
|
|
|
|
|
|
|
|
1. Fixed Assets |
2.225 |
2.005 |
1.786 |
1.566 |
1.347 |
|
|
|
|
|
|
|
|
2. Net Current Assets |
|
|
|
|
|
|
Net current assets owner than cash |
0.110 |
0.220 |
0.375 |
0.565 |
0.800 |
|
Cash in hand |
0.006 |
0.013 |
0.024 |
0.040 |
0.062 |
|
|
|
|
|
|
|
|
3. Misc Expenses |
|
|
|
|
|
|
Preliminary expenses not w/off |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total |
2.341 |
2.238 |
2.185 |
2.171 |
2.208 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROPRIETOR’S CAPITAL A/C
(RS.
IN MILLIONS)
|
Particulars
years |
1 |
2 |
3 |
4 |
5 |
|
|
|
|
|
|
|
|
1. Fixed Capital
A/C |
|
|
|
|
|
|
Additions during the year |
0.125 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Withdrawn during the year |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Add: Opening Balance |
0.000 |
0.125 |
0.125 |
0.125 |
0.125 |
|
Closing Balance |
0.125 |
0.125 |
0.125 |
0.125 |
0.125 |
|
|
|
|
|
|
|
|
2. Current
Capital A/C |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit After Tax |
0.171 |
0.232 |
0.293 |
0.347 |
0.404 |
|
Proprietors withdrawals |
(0.031) |
(0.041) |
(0.053) |
(0.067) |
(0.074) |
|
|
0.140 |
0.191 |
0.240 |
0.280 |
0.330 |
|
|
|
|
|
|
|
|
Add: Opening Balance |
0.000 |
0.140 |
0.330 |
0.570 |
0.850 |
|
Closing Balance |
0.140 |
0.330 |
0.570 |
0.850 |
1.180 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED CASH FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars
years |
1 |
2 |
3 |
4 |
5 |
|
|
|
|
|
|
|
|
A] Cash Flow
from Operating Activities |
|
|
|
|
|
|
Net Profit After tax |
0.171 |
0.232 |
0.293 |
0.347 |
0.404 |
|
Depreciation |
0.220 |
0.220 |
0.220 |
0.220 |
0.220 |
|
Preliminary expenses w/off |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interests on Term Loan |
0.169 |
0.135 |
0.101 |
0.067 |
0.034 |
|
Less: Increase in working capital |
(0.110) |
(0.110) |
(0.155) |
(0.190) |
(0.235) |
|
|
|
|
|
|
|
|
Net Cash flow
operating activities (Total A) |
0.449 |
0.475 |
0.459 |
0.444 |
0.423 |
|
|
|
|
|
|
|
|
B] Cash Flow
from Investing Activities |
|
|
|
|
|
|
Cost of Land |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Construction cost of building and site development |
(0.476) |
0.000 |
0.000 |
0.000 |
0.000 |
|
Purchases cost of Equipment and Machinery |
(1.949) |
0.000 |
0.000 |
0.000 |
0.000 |
|
Furniture and fixtures |
(0.020) |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interests during gestation period |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net cash Flow
from investing Activities (Total B) |
(2.445) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
C] Cash Flow
from Financing Activities |
|
|
|
|
|
|
Capital brought by Proprietor |
0.125 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interests payment on term loans |
(0.169) |
(0.135) |
(0.101) |
(0.067) |
(0.034) |
|
Withdrawals by Proprietor |
(0.031) |
(0.041) |
(0.053) |
(0.067) |
(0.074) |
|
Subsidy |
0.873 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Working capital limit from Bank |
0.030 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Loan taken from Bank |
1.467 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Loan repayment |
(0.293) |
(0.293) |
(0.293) |
(0.293) |
(0.293) |
|
|
|
|
|
|
|
|
Net cash flow
from finance activities (Total C) |
2.002 |
(0.469) |
(0.448) |
(0.428) |
(0.401) |
|
|
|
|
|
|
|
|
Net Cash flow
for the period (Total A+B+C) |
0.006 |
0.007 |
0.011 |
0.016 |
0.022 |
|
|
|
|
|
|
|
|
Add: Opening Cash Balance |
0.000 |
0.006 |
0.013 |
0.024 |
0.040 |
|
|
|
|
|
|
|
|
Closing Cash Balance |
0.006 |
0.013 |
0.024 |
0.040 |
0.062 |
------------------------------------------------------------------------------------------------------------------------------
RATIO ANALYSIS
(RS.
IN LAKHS)
|
Particulars
years |
1 |
2 |
3 |
4 |
5 |
|
|
|
|
|
|
|
|
1. Break Even
Point (BEP) |
|
|
|
|
|
|
|
|
|
|
|
|
|
A. Revenue |
|
|
|
|
|
|
Gross Turnover |
21.00 |
22.05 |
23.15 |
24.31 |
25.53 |
|
|
|
|
|
|
|
|
Total Revenue
(a) |
21.00 |
22.05 |
23.15 |
24.31 |
25.53 |
|
|
|
|
|
|
|
|
B. Variable
Expenses |
|
|
|
|
|
|
Raw Material |
1.08 |
1.13 |
1.19 |
1.25 |
1.31 |
|
Admin and Office Expenses |
1.80 |
1.89 |
1.98 |
2.08 |
2.19 |
|
Interests on working capital |
0.06 |
0.07 |
0.08 |
0.09 |
0.09 |
|
|
|
|
|
|
|
|
Total Variable
expenses (b) |
2.94 |
3.09 |
3.26 |
3.42 |
3.59 |
|
|
|
|
|
|
|
|
C] Semi,
Variable and Fixed Expenses |
|
|
|
|
|
|
Staff Salary |
5.93 |
5.23 |
6.54 |
6.89 |
7.21 |
|
Utilities |
6.54 |
6.87 |
7.21 |
7.57 |
7.95 |
|
Depreciation |
2.20 |
2.20 |
2.20 |
2.20 |
2.20 |
|
Interests on Term Loan |
1.69 |
1.35 |
1.01 |
0.69 |
0.34 |
|
|
|
|
|
|
|
|
Total Semi,
Variable and Fixed Expenses (C) |
16.35 |
16.64 |
16.96 |
17.31 |
17.69 |
|
|
|
|
|
|
|
|
Contribution
(A-B) |
18.06 |
18.96 |
19.90 |
20.89 |
21.93 |
|
|
|
|
|
|
|
|
BEP |
19.02 |
19.36 |
19.73 |
20.14 |
20.59 |
|
|
|
|
|
|
|
|
Average BEP |
16.47 |
|
|
|
|
|
|
|
|
|
|
|
|
2.DSCR |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash generated before |
|
|
|
|
|
|
Deduct instt. On loan |
5.59 |
5.86 |
6.14 |
6.34 |
6.58 |
|
|
|
|
|
|
|
|
Int/ installment due |
5.94 |
4.28 |
3.95 |
3.61 |
3.27 |
|
|
|
|
|
|
|
|
DSCR |
1.11 |
1.37 |
1.58 |
1.76 |
2.01 |
|
|
|
|
|
|
|
|
Average DSCR |
1.56 Times |
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
PERSONAL ASSETS OF THE PROPRIETOR
|
Name |
Description of the Assets |
Amount (Rs. In Millions) |
Whether offered as Security |
|
|
|
|
|
|
Ms. Vaishali
Batra (Proprietor) |
Residential
Property |
0.850 |
No |
|
Vidyawanti Batra
|
Residential
Property |
4.800 |
Yes |
|
|
|
|
|
SWOT ANALYSIS OF THE UNIT
|
Strengths: There is good demand
for Ice factory in Itarsi |
Weakness: There are least
chances of weakness as project is viable. |
|
Opportunities: Good demand for
ice and water in itarsi and for railway station |
Threats: There is no
threats |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSERTS AND LIABILITIES
NAME OF THE
APPLICANT: MS. VAISHALI BATRA
NAME OF THE
GUARANTOR: MR. VIDYAWANTI BATRA
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Address of the property with Survey No./ Door No. etc. |
-- |
Gandhi Nagar, |
|
|
|
|
|
Description: Land/ site/ building |
-- |
Building |
|
|
|
|
|
Whether Freehold/ Leasehold |
-- |
Freehold |
|
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
-- |
Residential |
|
|
|
|
|
Area/ Extent of Land |
-- |
-- |
|
|
|
|
|
Present Market/
Assessed Value |
-- |
Rs.4.800
Millions |
DEPOSITS HELD WITH
BANKS/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Bank/ Company where deposits are held |
-- |
-- |
|
|
|
|
|
Present Value of
deposit |
Rs.0.050 Million
|
-- |
OTHER ASSETS
|
Furniture and Fixtures |
0.300 |
0.300 |
|
|
|
|
|
Cash in Hand |
0.100 |
0.250 |
|
|
|
|
|
Jewellery |
0.400 |
0.400 |
|
|
|
|
|
Total value of
Other Assets |
0.800 |
0.950 |
|
TOTAL ASSETS |
RS.0.850 MILLION |
RS.5.0750 MILLIONS |
|
NET WORTH |
RS.0.850 MILLION |
RS.5.0750 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
On the request of the owner property was
inspected with a view to assess the Market value of the property possessed by
Mrs. Vidyavanti Batra w/o Late Mr. Thakurdas Batra, situated on Plot No.32/2,
Sh. No.38, New Ward No.20, Gandhi Nagar, Itarsi (M.P.)
This valuation report has been prepared on the
basis of information and particulars provided by the owner and by the Physical
site visit.
Details of Property
1. Total Plot Area (140.3’ x 105’ + 47.9’ x
5): 4471.0 sq. ft.
2. Ground Floor N/up Area: 1519.0 sq. ft.
VALUATION
1. Value of Land: The cost of Land in the
surrounding is Rs.800.0/ sq. ft.
Hence 4471.0 sq. ft. @ Rs.800.0/ sq. ft. =
Rs.3.577 Millions
2. Value of Building: The cost of Building is
about Rs.700.0/sq. ft.
Hence 1519.0 sq. ft. @ Rs.700.0/ sq. ft. =
Rs.1.063 Millions
3. Value of Boundary walls LS = Rs.0.200
Million
4. Total Value of Property (Land and
Building): The Total cost of the Property = Rs.4.840 Millions
The Market Value of Above said property is
Rs.4.840 Millions
VALUATION
REPORT
|
Purpose for which valuation is made |
Fair Market Value |
|
|
|
|
Date as on which valuation is made |
10.03.2011 |
|
|
|
|
Name of the Owner/ Owners |
Mr. Vidyavanti Batra W/o Late Mr. Thakurdas Batra |
|
|
|
|
If the Property is under joint ownership
co-ownership share of each such owner. Are the shares undivided. |
Single Owner |
|
|
|
|
Brief description of the property |
The Property situated at |
|
|
|
|
Location, Street, Ward No. |
Ward No.20 Gandhi Nagar |
|
|
|
|
Survey / Plot no. of land |
Plot No.32/2, Sh. No.38 |
|
|
|
|
Is property situated in residential
commercial/ mixed area/ industrial area |
Residential Area |
|
|
|
|
Classification of locality- high class
middle class/ proof class. |
Middle Class |
|
|
|
|
Proximity to Civil amenities like school,
Hospital, Office market Cinema etc. |
Within 1.0 km. |
|
|
|
|
Means and Proximity to surface communication
by which the locality is served. |
Road |
|
|
|
|
Area of land supported by documentary proof shape,
dimensions and physical features. |
4471.0 sq. ft. Rectangular Shape |
|
|
|
|
If freehold or leasehold land. |
Freehold |
|
|
|
|
Road, street or lanes on which the land is
abutting. |
Mohalla Roads |
|
|
|
|
Is the building owner occupied/ tenanted/
both? If party owner occupied, specify portion and extent of area under
owner- occupation |
Owner Occupied |
|
|
|
|
What is the amount of Property Tax? Who is
to bear it? Giver details documentary proof. |
Provided by owner |
|
|
|
|
Land rate adopted in this valuation |
800.00 per sq. ft. |
|
|
|
|
If sale instances are not available or not
relied upon the basis of arriving at the land rate. |
Govt. Guidline and local Assessment. |
|
|
|
|
The Market Value of the property is Rs.4.840 Millions and Realisable / Distress sale
value of the property is Rs.4.400 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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.63.28 |
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.