MIRA
INFORM REPORT
|
Report Date : |
30.03.2010 |
IDENTIFICATION DETAILS
|
Name : |
ECO FRIENDS SYNDICATE |
|
|
|
|
Registered
Office : |
B-137, Oshiwara Industrial
Centre, Opposite Oshiwara Bus Depot, Off. Link Road, Goregaon (West), Mumbai
– 400062, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
26.05.1998 |
|
|
|
|
IEC No.: |
0398017352 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAZPS0455J |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
|
|
|
|
Line of Business
: |
Manufacturer,
Trader and Exporter of Readymade Garments, Scarves, Imitation Jewellery and Other
Trading Goods. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established concern in its field. Trade relations are reported
as fair. The valuation report and networth statement provided are of a for
lesser value than the transaction amount. However, no complaints have been
heard from indirect or 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. Navnit Kumar
Sadh |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9322656451 |
|
Date : |
26.03.2011 |
LOCATIONS
|
Registered Office : |
B-137, Oshiwara Industrial
Centre, Opposite Oshiwara Bus Depot, Off. Link Road, Goregaon (West), Mumbai
– 400062, |
|
Tel. No.: |
91-22-28763677/
28792403/ 66989175/ 28768549 |
|
Mobile No.: |
91-9322656451 (Mr.
Navnit Kumar Sadh) |
|
Fax No.: |
91-22-28761644 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Unit No.9-12, Saraf Kaskar Industrial Estate, 1st Floor, S
V Road, Jogeshwari West, Mumbai – 400102, Maharashtra, India |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Navnit Kumar
Sadh |
|
Designation : |
Proprietor |
|
Address : |
A – 105, Oshiwara
Industrial Center, Off Link Road, Goregaon (West), Mumbai – 400062,
Maharashtra, India |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader
and Exporter of Readymade Garments, Scarves, Imitation Jewellery and Other
Trading Goods. |
|
|
|
|
Exports : |
|
|
Products : |
Textile Goods |
|
Countries : |
·
·
·
· Grecce ·
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit (30-60-90 day) |
|
|
|
|
Purchasing : |
L/C and Credit (30-60-90 day) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||
|
Suppliers : |
· Arex Industries Limited · A V and Sons · Blue Dart Express Limited ·
· Chessco International · Chetna Poly Prints · Divya laxmi Textiles · Eternity Print Solutions Private Limited · Globelink Ww India Private Limited · Kumar Trading Company ·
Metal · R K Enterprises · Rohit Textiles · Shiva Traders · Shree Ambika Traders · Shyam Textiles · Spur Electronics · S S Creation · Ultimate Marine Private Limited · Vichare Courier Services Private Limited · Zulfiya Handloom |
||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||
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No. of Employees : |
19 (Office – 8 and Factory – 11) |
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|
Bankers : |
· Corporation Bank 333, |
||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Paresh Bhupendra Associates Chartered Accountant |
|
Address : |
6-A, |
|
Tel. No.: |
91-22-66376266 |
|
Mobile No.: |
91-9821176222 |
|
Email : |
CAPITAL STRUCTURE
CAPITAL
ACCOUNT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2010 |
|
|
|
|
Mr. Navinkumar
S. Sadh |
|
|
|
|
|
Opening Balance |
2.849 |
|
Net Profit for
the year |
2.297 |
|
Capital
Introduced |
0.640 |
|
Income Tax
refund |
0.015 |
|
|
|
|
Total |
5.801 |
|
|
|
|
Less: Withdrawals |
|
|
Advance Income Tax |
0.900 |
|
|
0.002 |
|
TDS on FDR |
0.001 |
|
LIC |
0.053 |
|
Mediclaim |
0.012 |
|
Accident Policy |
0.001 |
|
Other Drawing |
0.104 |
|
|
|
|
Total |
1.073 |
|
|
|
|
SUB – TOTAL |
4.728 |
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] Share Capital |
4.728 |
2.849 |
2.522 |
|
|
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 |
4.728 |
2.849 |
2.522 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.617 |
5.010 |
4.003 |
|
|
2] Unsecured Loans |
3.792 |
1.550 |
2.798 |
|
|
TOTAL BORROWING |
9.409 |
6.560 |
6.801 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14.137 |
9.409 |
9.323 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.150 |
3.179 |
3.194 |
|
|
Capital work-in-progress |
0.000
|
0.000
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000
|
0.000
|
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000
|
0.000
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.676
|
4.866
|
1.739 |
|
|
Sundry Debtors |
15.354
|
8.713 |
6.889 |
|
|
Cash & Bank Balances |
(0.819)
|
2.122 |
1.068 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
2.421
|
1.648 |
0.817 |
|
Total
Current Assets |
21.632
|
17.349 |
10.513 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
10.274
|
10.680 |
4.089 |
|
|
Other Current Liabilities |
0.335
|
0.390
|
0.249 |
|
|
Provisions |
0.036
|
0.049
|
0.046 |
|
Total
Current Liabilities |
10.645
|
11.119 |
4.384 |
|
|
Net Current Assets |
10.987
|
6.230 |
6.129 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000
|
0.000
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
14.137 |
9.409 |
9.323 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
85.179 |
57.593 |
28.313 |
|
|
|
Other Income |
8.753 |
5.704 |
3.248 |
|
|
|
TOTAL (A) |
93.932 |
63.297 |
31.561 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
81.259 |
52.633 |
24.343 |
|
|
|
Administrative Expenses |
8.751 |
7.673 |
5.783 |
|
|
|
TOTAL (B) |
90.010 |
60.306 |
30.126 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.922 |
2.991 |
1.435 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.111 |
0.372 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.811 |
2.619 |
1.435 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.514 |
0.496 |
0.570 |
|
|
|
|
|
|
|
|
|
|
Net Profit (E-F) (G) |
2.297 |
2.123 |
0.865 |
|
0S
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.45
|
3.35 |
2.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.70
|
3.69 |
3.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.27
|
10.34 |
6.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.75 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.24
|
6.21 |
4.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.03
|
1.56 |
2.40 |
LOCAL AGENCY FURTHER INFORMATION
PROFIT AND LOSS ACCOUNT
(RS.
IN MILLIONS)
|
Particulars
|
2010-11 |
2011-12 |
|
|
Estimated |
Projected |
|
Gross Sales |
|
|
|
Domestic |
0.000 |
0.000 |
|
Export |
93.501 |
102.851 |
|
|
|
|
|
Sub Total (Gross Sales) |
93.501 |
102.851 |
|
|
|
|
|
Less : Excise Duty |
-- |
-- |
|
|
|
|
|
Net Sales |
93.501 |
102.851 |
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
-- |
-- |
|
|
|
|
|
Other Operating
Income |
|
|
|
Export Incentives |
8.841 |
9.725 |
|
Others |
0.980 |
1.078 |
|
|
|
|
|
Total Other Operating
Income |
103.322 |
113.654 |
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
Purchases |
83.589 |
91.948 |
|
|
|
|
|
Others Trading Expenses
|
5.587 |
6.146 |
|
|
|
|
|
Sub
Total |
89.176 |
98.094 |
|
|
|
|
|
Add: Opening Stocks |
5.353 |
5.88 |
|
Less: Closing Stocks |
5.143 |
5.658 |
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
89.386 |
98.324 |
|
|
|
|
|
Selling, General and Administrative Expenses |
9.626 |
10.588 |
|
|
|
|
|
Operating Profit before interests and Depreciation |
4.310 |
4.742 |
|
|
|
|
|
Interests |
1.147 |
1.262 |
|
Depreciation |
0.565 |
0.697 |
|
|
|
|
|
Operating profit after Interests |
2.598 |
2.783 |
|
|
|
|
|
Total non Operating Income |
0.000 |
0.000 |
|
|
|
|
|
Total Non Operating Expenses |
0.000 |
0.000 |
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
2.598 |
2.783 |
|
|
|
|
|
Provision for taxes |
0.000 |
0.000 |
|
|
|
|
|
Net
Profit / Loss [PAT] |
2.598 |
2.783 |
|
|
|
|
|
Retained Profit |
2.598 |
2.783 |
|
|
|
|
|
Cash Accruals |
31.63 |
34.80 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
2010-11 |
2011-12 |
|
|
Estimated |
Projected |
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
i. From Application Bank |
6.179 |
6.798 |
|
ii. From Other Banks |
0.000 |
0.000 |
|
|
|
|
|
SUB
TOTAL |
6.179 |
6.798 |
|
|
|
|
|
Short Term Borrowings From Others |
4.171 |
4.588 |
|
Sundry Creditors (Trader) |
11.301 |
12.432 |
|
Advances Payment from customers |
0.237 |
0.260 |
|
Provision For Taxes |
0.000 |
0.000 |
|
Creditor for Expenses |
0.000 |
0.000 |
|
Dividend Payable |
0.000 |
0.000 |
|
Other Statutory Liabilities (due within one years) |
0.130 |
0.143 |
|
Installments of term loans and Deferred Payment Credits |
0.000 |
0.000 |
|
Other current Liabilities and Provisions (due within one
years) |
0.041 |
0.045 |
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
22.059 |
24.266 |
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
|
Term Loans |
0.000 |
0.000 |
|
Deferred Payment Credits |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Term Deposit |
0.000 |
0.000 |
|
Other Term Liabilities/
Unsecured Loans |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
TERM LIABILITIES |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
22.059 |
24.266 |
|
|
|
|
|
NET
WORTH |
|
|
|
Shares Capital |
0.000 |
0.000 |
|
Application Money |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
|
Revolution Reserve |
0.000 |
0.000 |
|
Other Reserves and Surplus |
5.826 |
6.609 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Share Premium Account |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
NET WORTH |
5.826 |
6.609 |
|
|
|
|
|
TOTAL
LIABILITIES |
27.885 |
30.875 |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
Cash and Bank Balance |
1.045 |
0.945 |
|
Investments |
|
|
|
- Security |
0.000 |
0.000 |
|
- Fixed deposits
with Banks |
0.140 |
0.154 |
|
- Others |
0.190 |
0.190 |
|
|
|
|
|
Receivables other than deferred and exports |
0.000 |
0.000 |
|
Export receivables |
16.089 |
18.578 |
|
Government and other Trustee securities |
0.000 |
0.000 |
|
Fixed deposit with bank |
0.000 |
0.000 |
|
Domestic receivable Including BP/ BD |
0.000 |
0.000 |
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
Raw Materials |
|
|
|
- Imported |
0.000 |
0.000 |
|
- Indigenous |
0.000 |
0.000 |
|
|
|
|
|
Stock in Process |
4.641 |
4.652 |
|
Finished Goods |
0.000 |
0.000 |
|
Other Consumable Spares |
0.000 |
0.000 |
|
Advances to suppliers |
0.427 |
0.469 |
|
Advance Payment of Taxes |
0.000 |
0.000 |
|
Other Current Assets |
1.888 |
2.076 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
24.420 |
27.064 |
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
4.030 |
4.433 |
|
Depreciation to date |
0.565 |
0.622 |
|
|
|
|
|
NET
BLOCK |
3.465 |
3.811 |
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
0.000 |
0.000 |
|
|
|
|
|
Investments in sub |
0.000 |
0.000 |
|
Advances to suppliers of Capital goods and contractors |
0.000 |
0.000 |
|
Investment in Others |
0.000 |
0.000 |
|
Other Non-Current Investment |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.000 |
0.000 |
|
|
|
|
|
Intangible Assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
ASSETS |
27.885 |
30.875 |
|
|
|
|
|
Tangible Net Worth (TNW) |
5.826 |
6.609 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
(ECO
FRIENDS SYNDICATE)
(RS.
IN MILLIONS)
|
Particulars
|
2010-2011 |
|
|
Income
from Business/ Profession |
|
|
|
|
|
|
|
Net Profit from Proprietory concern ECO
Friends Syndicate |
|
2.297 |
|
|
|
|
|
Add: Expenses
disallowable/ Considered Seperately |
|
|
|
-
ED Interests |
|
0.011 |
|
-
Dividend |
|
0.028 |
|
- Donation
|
|
0.008 |
|
-
Interests on Loan Recd |
|
0.008 |
|
|
|
2.352 |
|
|
|
|
|
INCOME FROM
OTHER SOURCES |
|
|
|
|
|
|
|
-
ED Interests |
0.011 |
|
|
-
Dividend (Exempted Rs.0.028 Millions) |
0.000 |
|
|
-
Interests on Loan Recd. |
0.008 |
|
|
-
Bank Interests |
0.002 |
|
|
-
Keyman Insurance Policy Matured |
0.701 |
|
|
-
PPF Interests (Exempted Rs.0.023) |
0.000 |
|
|
Gross Total Income |
|
0.722 |
|
|
|
|
|
Less: Deductions |
|
|
|
U/s 80 C: LIC/ PPF |
0.100 |
|
|
U/s 80 D: Mediclaim |
0.012 |
|
|
U/s 80 G: Donation Paid Rs.7500/- |
0.004 |
|
|
|
|
0.116 |
|
|
|
|
|
Net
Taxable Income |
|
2.958 |
|
|
|
|
|
R/
Off |
|
2.958 |
|
|
|
|
|
Self
Asst. |
|
|
|
|
|
|
|
Tax on Rs.2.957 Millions |
|
0.791 |
|
Add: Education Cess @ 3% |
|
0.024 |
|
|
|
0.815 |
|
|
|
|
|
Less: TDS on FD interests |
|
0.001 |
|
|
|
0.814 |
|
|
|
|
|
Less:
Advance Tax Paid on |
|
|
|
09.09.2009 |
0.300 |
|
|
11.12.2009 |
0.300 |
|
|
09.03.2010 |
0.300 |
0.900 |
|
|
|
|
|
Refund
Due |
|
(0.086) |
------------------------------------------------------------------------------------------------------------------------------
MR. NAVNITKUMAR S. SADH
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
6.591 |
5.105 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
6.591 |
5.105 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.018 |
1.235 |
|
|
TOTAL BORROWING |
|
0.018 |
1.235 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
6.609 |
6.340 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.805 |
1.678 |
|
|
Capital work-in-progress |
|
2.848
|
2.522 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.396
|
0.882 |
|
|
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 |
|
0.414 |
0.672 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
1.146 |
0.586 |
|
Total
Current Assets |
|
1.560 |
1.258 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
|
0.000
|
0.000 |
|
|
Provisions |
|
0.000
|
0.000 |
|
Total
Current Liabilities |
|
0.000 |
0.000 |
|
|
Net Current Assets |
|
1.560 |
1.258 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
6.609 |
6.340 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. NAVNIT KUMAR S. SADH
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Type of Property (commercial/ Residential/ agricultural) |
Residential |
|
|
|
|
Present
Market Value |
Rs.1.794 Millions |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the company / firm/ concern in
which investment is made |
ECO Friends
syndicate |
|
|
|
|
Present
value of investments |
Rs.4.728 Millions |
DEPOSITS
HELD WITH BANK/ COMPANIES/ OTHER LENDER ETC.
|
Name of the Bank/ company where deposits
are held |
HSBC Bank |
|
|
|
|
Nature of Deposits |
FD and Accrued
Interests |
|
|
|
|
Present
Value of deposits |
Rs.0.069 Million |
GOVERNMENT
SECURITIES/ NSC/ NSS ETC
|
Description |
PPF |
|
|
|
|
Present value of
securities |
Rs.0.333 Million |
SHARES/
DEBENTURES/ MUTUAL FUNDS/ UNITS ETC.
|
Present value |
Rs.0.052 Million |
OTHER
ASSETS
|
Cash in Hand/ Bank Balance |
0.214 |
|
|
|
|
Other assets if any (Specify) Loans and Advance, Asset Mobile |
0.900 |
|
|
|
|
Total Value of
Other Assets |
Rs.1.114 Million |
|
TOTAL ASSETS |
RS.8.090 MILLIONS |
|
NET WORTH |
RS.8.090 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY VALUATION REPORT
GENERAL
INFORMATION
|
Name of the Party/ Purchaser and Address |
Mrs. Sapana Ajay Sadh Mrs. Reena Navnit Sadh Mrs. Sheetalkumari Shravan Sadh Gala No.-A-107, and A-109 Oshiwara Industrial Centre, Opposite
Oshiwara Bus Depot, Off Link Road, Goregaon (West), Mumbai – 400104. |
|
|
|
|
Name of the Seller |
-- |
|
|
|
|
Purpose of Valuation |
Bank Purpose-Business Loan, Corporation Bank, Amboli Branch Andheri
(West), Mumbai – 400058, |
|
|
|
|
List of Documents produced for perusal |
Purchase Agreement |
|
|
|
|
Date of Inspection/ Valuation |
25.04.2009 |
|
|
|
|
Approximate distance from the Branch to the property |
2-2.5 Kms |
|
|
|
|
Situation/Location! Brief description of the landsite and brief
description of the building |
It is Located Opposite Oshiwara BEST Bus Depot. Jogeshwari/ Goregaon
Railway Station is at @ 2.5 kms. distance. |
|
|
|
|
Boundaries of the property: |
Near Linking Road |
|
|
|
|
Property Tax Details: |
Borne by Owners Proportionately Through Society. |
|
|
|
|
Assuming the entire property is let out, the probable monthly rent and
advance building rent: |
Rs.20,000/ to Rs.22,000/- p.m. |
|
|
|
|
Whether the building plan has been Approved? |
Not Available |
|
|
|
|
BUILDING |
|
|
Type of Construction |
RCC |
|
|
|
|
Quality of Construction |
Average |
|
|
|
|
Appearance of the building |
Average |
|
|
|
|
Number of Floors |
Ground + 2 Storied (with lift) |
|
|
|
|
Maintenance of the Building |
Average |
|
|
|
|
Description of the Building: |
|
|
Foundation |
R.C.C. |
|
Superstructure |
R.C.C. |
|
Roof |
R.C.C. |
|
Doors |
M. S. Rolling Shutter |
|
Windows |
Aluminium Windows |
|
Sanitary Fittings |
European type Toilet |
|
Flooring |
Ceramic Tiles |
|
Electricity supply |
Concealed Wiring |
|
|
|
|
Total Plinth Area: |
316 Sq. ft. (Super Built up) for each Gala |
|
|
|
|
Year of Construction |
1997 |
|
|
|
|
Balance Residual life of the Building estimated |
38 years with periodic structural Audit and regular maintenance |
|
|
|
|
VALUATION Gala No.A-107 and 109 are located on 1st Floor. Height of
Gala is 13’.Mezzanine Floor is constructed in each gala. Considering Location, Above Specifications, Age of the Building,
Present Market trends, unit rate of Rs.8,000/- Sq. ft of Super Built up area
is adopted for Valuation of Premises. Area of Gala No.107 = 316 Sq. ft. Area of Gala No. 109 = 316 Sq. ft a) Fair Market Value = 8000x 316 = Rs.2.528 Millions b) Add 30% for Mezzanine Floor = 0.3x 8,000x 316 = Rs.0.758 Million Total = Rs.3.286
Millions Say Rs.3.300
Millions |
|
|
1) Fair Market
Value of Gala No. A-107 |
Rs.3.300
Millions |
|
|
|
|
2) Fair Market
Value of Gala No. A-109 |
Rs.3.300
Millions |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY VALUATION REPORT
GENERAL
INFORMATION
|
Name of the Party/ Purchaser and Address |
Mr. Shravan Kumar K.N Sadh Mr. Navnitkumar S.K Sadh Mr. Ajaykumar S.K. Sadh Gala No.-A-105 and A-122, Oshiwara Industrial Centre, Opposite
Oshiwara Bus Depot, Off Link Road, Goregaon (West), Mumbai – 400104,
Maharashtra, India |
|
|
|
|
Name of the Seller |
-- |
|
|
|
|
Purpose of Valuation |
Bank Purpose-Business Loan, Corporation Bank, Amboli Branch Andheri
(West), Mumbai – 400058, |
|
|
|
|
List of Documents produced for perusal |
Purchase Agreement |
|
|
|
|
Date of Inspection/ Valuation |
25.04.2009 |
|
|
|
|
Approximate distance from the Branch to the property |
2-2.5 Kms |
|
|
|
|
Situation/Location! Brief description of the landsite and brief
description of the building |
It is Located Opposite Oshiwara BEST Bus Depot. Jogeshwari/ Goregaon
Railway Station is at @ 2.5 kms. distance. |
|
|
|
|
Boundaries of the property: |
Near Linking Road |
|
|
|
|
Property Tax Details: |
Borne by Owners Proportionately Through Society. |
|
|
|
|
Assuming the entire property is let out, the probable monthly rent and
advance building rent: |
Rs.20,000/ to Rs.22,000/- p.m. |
|
|
|
|
Whether the building plan has been Approved? |
Not Available |
|
|
|
|
BUILDING |
|
|
Type of Construction |
RCC |
|
|
|
|
Quality of Construction |
Average |
|
|
|
|
Appearance of the building |
Average |
|
|
|
|
Number of Floors |
Ground + 2 Storied (with lift) |
|
|
|
|
Maintenance of the Building |
Average |
|
|
|
|
Description of the Building: |
|
|
Foundation |
R.C.C. |
|
Superstructure |
R.C.C. |
|
Roof |
R.C.C. |
|
Doors |
M. S. Rolling Shutter |
|
Windows |
Aluminium Windows |
|
Sanitary Fittings |
European type Toilet |
|
Flooring |
Ceramic Tiles |
|
Electricity supply |
Concealed Wiring |
|
|
|
|
Total Plinth Area: |
316 Sq. ft. (Super Built up) for each Gala |
|
|
|
|
Year of Construction |
1997 |
|
|
|
|
Balance Residual life of the Building estimated |
38 years with periodic structural Audit and regular maintenance |
|
|
|
|
VALUATION Gala No.A-105 and 122 are located on 1st Floor. Height of
Gala is 13’. Mezzanine Floor is constructed in each gala. Considering Location, Above Specifications, Age of the Building,
Present Market trends, unit rate of Rs.8,000/- Sq. ft of Super Built up area
is adopted for Valuation of Premises. Area of Gala No.105 = 316 Sq. ft. Area of Gala No. 122 = 316 Sq. ft a) Fair Market Value = 8000x 316 = Rs.2.528 Millions b) Add 30% for Mezzanine Floor = 0.3x 8,000x 316 = Rs.0.758 Million Total = Rs.3.286
Millions Say Rs.3.300
Millions |
|
|
1) Fair Market
Value of Gala No. A-105 |
Rs.3.300
Millions |
|
|
|
|
2) Fair Market
Value of Gala No. A-122 |
Rs.3.300
Millions |
------------------------------------------------------------------------------------------------------------------------------
PROPERTY VALUATION REPORT
GENERAL
INFORMATION
|
Name of the Party/ Purchaser and Address |
M/s Eco Friends Syndicate Gala No.-B- 1 37, Oshiwara Industrial Centre, Opposite Oshiwara Bus
Depot, Off Mumbai- 400104, |
|
|
|
|
Name of the Seller |
-- |
|
|
|
|
Purpose of Valuation |
Bank Purpose-Business Loan, Corporation Bank, Amboli Branch Andheri
(West), Mumbai – 400058, |
|
|
|
|
List of Documents produced for perusal |
Purchase Agreement |
|
|
|
|
Date of Inspection/ Valuation |
25.04.2009 |
|
|
|
|
Approximate distance from the Branch to the property |
2-2.5 Kms |
|
|
|
|
Situation/Location! Brief description of the landsite and brief
description of the building |
It is Located Opposite Oshiwara BEST Bus Depot. Jogeshwari/ Goregaon Railway
Station is at @ 2.5 kms. distance. |
|
|
|
|
Boundaries of the property: |
Near Linking Road |
|
|
|
|
Property Tax Details: |
Borne by Owners Proportionately Through Society. |
|
|
|
|
Assuming the entire property is let out, the probable monthly rent and
advance building rent: |
Rs.32,000/ to Rs.35,000/- p.m. |
|
|
|
|
Whether the building plan has been Approved? |
Not Available |
|
|
|
|
BUILDING |
|
|
Type of Construction |
RCC |
|
|
|
|
Quality of Construction |
Average |
|
|
|
|
Appearance of the building |
Average |
|
|
|
|
Number of Floors |
Ground + 2 Storied (with lift) |
|
|
|
|
Maintenance of the Building |
Average |
|
|
|
|
Description of the Building: |
|
|
Foundation |
R.C.C. |
|
Superstructure |
R.C.C. |
|
Roof |
R.C.C. |
|
Doors |
M. S. Rolling Shutter |
|
Windows |
Aluminium Windows |
|
Sanitary Fittings |
European type Toilet |
|
Flooring |
Ceramic Tiles |
|
Electricity supply |
Concealed Wiring |
|
|
|
|
Total Plinth Area: |
605 Sq. ft. (Super Built up) |
|
|
|
|
Year of Construction |
1997 |
|
|
|
|
Balance Residual life of the Building estimated |
38 years with periodic structural Audit and regular maintenance |
|
|
|
|
VALUATION Gala No.B-137 are located on 1st Floor. Height of Gala is
13’. Mezzanine Floor is constructed in each gala. Considering Location, Above Specifications, Age of the Building,
Present Market trends, unit rate of Rs.8,000/- Sq. ft of Super Built up area
is adopted for Valuation of Premises. Area of Gala No.137 = 605 Sq. ft. a) Fair Market Value = 8000x 605 = Rs.4.840 Millions b) Add 30% for Mezzanine Floor = 0.3x 8,000x 605 = Rs.1.452 Million Total = Rs.6.292
Millions Say Rs.6.300
Millions |
|
|
1) Fair Market
Value of Gala No. B-137 |
Rs.6.300
Millions |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Ajay Kumar Sadh
· Shravan Kumar Sadh
· Vicky N Sadh
· Aashna A Sadh
------------------------------------------------------------------------------------------------------------------------------
WEBSITE DETAILS:
PROFILE:
Established
on Date, subject is a
They
specialise in more of hand and machine embroideries, sequins, beaded, crochets,
fringes, tassels, shaded, tie and dye effect, printed, crushed, pleated and their
combination. Subject caters for high quality items and also for low priced bulk
orders. They also undertake promotional supplies.
The
Production capacity is 100000 to 150000 pcs., per month depending upon style
and requirements. Eco friends Syndicate currently exports to
For any
kind of requirements, do not hesitate to contact Mr. Navnit Kumar or Mr. Ajay
Kumar.
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.44.67 |
|
|
1 |
Rs.71.62 |
|
Euro |
1 |
Rs.63.09 |
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.