MIRA
INFORM REPORT
|
Report Date : |
20.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
POSH OVERSEAS |
|
|
|
|
Registered
Office : |
14, Waryana Industrial Complex, Leather
Complex Road, Jalandhar, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Year of
Established : |
2006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.871 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABLPS4843B |
|
|
|
|
Legal Form : |
Sole Proprietory Concern. |
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|
|
|
Line of Business
: |
Manufacturing and Trading of Hand Tools. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established concern in its field. Trade relations are
reported as fair. The valuation report and networth statement provided seems
to be satisfactory. 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. Charanjit Singh |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9888355400 |
|
Date : |
17.05.2011 |
LOCATIONS
|
Registered Office : |
14, Waryana Industrial complex, leather Complex Road, Jalandhar,
Punjab, India |
|
Mobile No.: |
91-9888355400 (Mr. Charanjit Singh) |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Charanjit Singh |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
52 years |
|
Qualification : |
Graduate |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Hand Tools. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· Akal Induction Private Limited · Amarjit Singh and Sons · B. L. Seth Agro Mills Limited · Baweja and Company · Beham Industries · Chawla Enterprises · Janta Trading Company · Kulvinder Industries · Kundan Steel Corporation · Mukesh Industries · Nagpal Marketing · Nahjot Marketing · New Bharat Industries · Parul Industries · Rama Box Factory · Sanjiv Industries · Sharma Industrial Corporation · Sumedha Exports · Swami Tools Industry |
|
|
|
|
Customers : |
Wholesalers · Akash International · Attari Tools Corporation · Eastman Impex · Gagan Tools Corporation · J K Files and Tools · Mairco Tools Company · Medallay Export · Multtec Industries Limited · Omex Tools (India) · Ram Industries · Ram Industries and Mills Stores · Raymond Limited · Record Tools Company · S S Enterprises · Sai Impex · Semko (India) · Shahpuri Industries · Sony (India) · Supreme Company (India) · Suzuki Art Press |
|
|
|
|
No. of Employees : |
20 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank Jalandhar Branch, Punjab, India · State Bank of India |
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Rajesh Agarwal Chartered Accountant |
|
|
|
|
Associates/Subsidiaries : |
· Posh Tools and Forgings 15, Waryana Industrial Complex, Leather Complex Road, Jalandhar, Punjab, India |
CAPITAL STRUCTURE
PROPRIETOR’S
CAPITAL ACCOUNT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2010 |
|
S. CHARANJIT
SAINGH |
|
|
|
|
|
Opening Balance |
1.494 |
|
Additions |
0.266 |
|
Add: Net Profit |
0.357 |
|
|
2.117 |
|
Less: Drawings |
0.246 |
|
|
|
|
TOTAL |
1.871 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.871 |
1.494 |
1.343 |
|
|
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 |
1.871 |
1.494 |
1.343 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.923 |
1.144 |
1.614 |
|
|
2] Unsecured Loans |
0.291 |
0.045 |
0.021 |
|
|
TOTAL BORROWING |
2.214 |
1.189 |
1.635 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.085 |
2.683 |
2.978 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.580 |
1.863 |
1.552 |
|
|
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 |
1.441
|
1.499 |
0.887 |
|
|
Sundry Debtors |
2.816
|
2.817 |
1.209 |
|
|
Cash & Bank Balances |
0.228
|
0.178 |
0.161 |
|
|
Other Current Assets |
0.140
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.414
|
0.416 |
0.183 |
|
Total
Current Assets |
5.039
|
4.910 |
2.440 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
3.246
|
3.938 |
0.932 |
|
|
Other Current Liabilities |
0.288
|
0.152 |
0.082 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
3.534
|
4.090 |
1.014 |
|
|
Net Current Assets |
1.505
|
0.820 |
1.426 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.085 |
2.683 |
2.978 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9.752 |
10.924 |
7.472 |
|
|
|
Other Income |
0.061 |
0.000 |
0.000 |
|
|
|
TOTAL |
9.813 |
10.924 |
7.472 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
8.054 |
9.237 |
6.271 |
|
|
|
Wages |
0.269 |
0.268 |
0.201 |
|
|
|
Electricity Expenses |
0.269 |
0.197 |
0.065 |
|
|
|
Car Running and Maintenance |
0.033 |
0.026 |
0.024 |
|
|
|
Audit Fees |
0.009 |
0.008 |
0.075 |
|
|
|
Salary |
0.026 |
0.199 |
0.077 |
|
|
|
Machinery Maintenance |
0.003 |
0.011 |
0.011 |
|
|
|
Insurance |
0.031 |
0.021 |
0.029 |
|
|
|
Worker Welfare |
0.005 |
0.007 |
0.006 |
|
|
|
Telephone Expenses |
0.015 |
0.014 |
0.018 |
|
|
|
Other Expenses |
0.341 |
0.274 |
0.310 |
|
|
|
TOTAL |
9.055 |
10.262 |
7.087 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.758 |
0.662 |
0.385 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.401 |
0.246 |
0.142 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.357 |
0.416 |
0.243 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.64
|
3.81 |
3.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.66
|
3.81 |
3.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.69
|
6.14 |
8.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.28 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.07
|
3.53 |
1.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.20 |
2.41 |
LOCAL AGENCY FURTHER INFORMATION
PROJECTED
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
|
|
|
(Projected) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.371 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.371 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.000 |
|
|
2] Unsecured Loans |
|
|
0.750 |
|
|
TOTAL BORROWING |
|
|
3.750 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.121 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.150 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
4.500 |
|
|
Sundry Debtors |
|
|
1.800 |
|
|
Cash & Bank Balances |
|
|
0.020 |
|
|
Other Current Assets |
|
|
0.126 |
|
|
Loans & Advances |
|
|
0.030 |
|
Total
Current Assets |
|
|
6.476 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
2.445 |
|
|
Other Current Liabilities |
|
|
0.060 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
2.505 |
|
|
Net Current Assets |
|
|
3.971 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.121 |
|
PROJECTED
PROFIT & LOSS ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
|
|
|
(Projected)
|
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
13.800 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
13.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
11.333 |
|
|
|
Wages |
|
|
0.515 |
|
|
|
Car Running and Maintenance |
|
|
0.035 |
|
|
|
Audit Fees |
|
|
0.012 |
|
|
|
Conveyance |
|
|
0.015 |
|
|
|
Insurance |
|
|
0.040 |
|
|
|
Worker Welfare |
|
|
0.010 |
|
|
|
Telephone Expenses |
|
|
0.022 |
|
|
|
Other Expenses |
|
|
0.856 |
|
|
|
TOTAL |
|
|
12.838 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.962 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.380 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
0.582 |
|
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. CHARANJIT SINGH
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Address of the property with survey No./ Door No. etc. |
|
|
|
|
|
Description: Land/ Site/ Building |
ACC Building |
|
|
|
|
Whether free hold/ Lease hold |
ACC Freehold |
|
|
|
|
Type of Property: Commercial/ residential/ agricultural |
|
|
|
|
|
Area/ Extent of Land |
|
|
|
|
|
Present Market/
Assessed Value |
Rs.15.000
Millions + Rs.5.000 Millions + Rs.8.450 Millions Rs.28.450 Millions (Half Shares) |
INVESTMENT
IN BUSINESS CAPITAL
|
Name of the Company/ firm/ concern in which
investment is made |
Posh Overseas |
|
|
|
|
Present
value of Investment |
Rs.1.494 Millions |
DEPOSITS
HELD WITH BANKS/ COMPANIES/ OTHER LENDER ETC
|
Name of the Bank/ Company where deposits
are held |
SBI, Jalandhar |
|
|
|
|
Nature of Deposit |
Saving Account |
|
|
|
|
Present
Value of Deposit |
Rs.0.012 Million |
LIFE
INSURANCE POLICIES
|
Policy Numbers |
Various Policies |
|
|
|
|
Date of Policy |
Different Dates |
|
|
|
|
Type of Policy: Endowment/ whole life etc. |
Endowment |
|
|
|
|
Annual Premium |
Rs.0.102 Million |
|
|
|
|
Sum Assured |
Rs.1.500
Millions |
|
|
|
|
Surrender
Value |
Rs.0.610 Million |
VEHICLES
OWNED
|
Model/ Make |
Car (Lancer),
Car (Honda City), Motor Cycle |
|
|
|
|
Date of Purchase |
2006, 2009, 2005 |
|
|
|
|
Whether Hypothecated for Loan |
Nil, Yes – SBI,
No |
|
|
|
|
Present
Market Value |
Rs.0.500 Million + Rs.0.776 Million + Rs.0.015
Million Rs.1.291 Millions |
OTHER
ASSETS
|
Cash in hand |
0.020 |
|
|
|
|
Plant and Machinery |
0.523 |
|
|
|
|
Other Assets |
0.011 |
|
|
|
|
Total Value of
other assets |
Rs.0.554 Million |
|
TOTAL ASSETS |
RS.32.411 MILLIONS |
LIABILITIES
FURNISH LOANS AVAILED FROM BANKS/
FINANCIAL INSTITUTIONS AND OTHER BORROWINGS
|
Name of the
Bank/ Institution |
SBI , Jalandhar |
|
|
|
|
Nature/Type of
Loan |
CC and Car Loan |
|
|
|
|
Date of Loan |
25.03.2006 / 03.06.2009 |
|
|
|
|
Amount of Loan
availed |
Rs.1.500
Millions / Rs.0.700 Million |
|
|
|
|
Amount
Outstanding |
RS.1.152 Millions + Rs.0.619 Million |
|
|
|
|
TOTAL LIABILITIES |
RS. 1.771 MILLIONS |
|
NET WORTH |
RS. 30.640 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
GENERAL INFORMATION
|
Purpose for which valuation is made. |
Bank Purposes. |
|
|
|
|
|
|
Date as on which valuation is made. |
26.06.2010 |
|
|
|
|
|
|
Name of the owner/owners. |
S. Charanjit Singh S/o S. Harbhajan Singh and S. Gunjit Singh S/o S.
Charanjit Singh. |
|
|
|
|
|
|
If the property is under joint ownership/co-ownership, share of each such
owner. Are the shares undivided? |
Joint ownership. |
|
|
|
|
|
|
Brief description of the property. |
It is an Industrial property at P.No.-3, (New No.-15), Village
Wariana, Teh and Distt Jalandhar |
|
|
|
|
|
|
Boundaries |
As
per regd. Sale deed |
As
per actual at site |
|
North |
Road |
Road 29’-5” wide. |
|
South |
Other |
Raghu Exports. |
|
East |
Plot No.2 |
Other Property. |
|
West |
Plot No.4 |
P/o Raghu Exports. |
|
|
|
|
|
Survey/ Plot No. of land. |
Regd Sale Deed No. 936 dated 23-05-2003. |
|
|
|
|
|
|
Is the property situated in Residential/ Commercial/ Mixed Area /
Industrial Area. |
Industrial Area |
|
|
|
|
|
|
Classification of locality-high class/middle class/poor class. |
Middle Class |
|
|
|
|
|
|
Proximity to civic amenities, like schools, hospitals, offices,
market, cinemas etc. |
Available |
|
|
|
|
|
|
Means and proximity to surface communication by which the locality is
served. |
Road Transport Available. |
|
|
|
|
|
|
LAND |
||
|
Area of land supported by documentary proof, Shape, dimensions and
physical features. |
As per regd. sale deed mentioned above 4 Kanal and 1 MarIa 81 Marlas
of 272 sft each = 106.43 Marlas of 207 sft each. |
|
|
|
|
|
|
Is it a freehold or leasehold land? |
It is a freehold land. |
|
|
|
|
|
|
IMPROVEMENTS |
||
|
Is the building owner-occupied/ tenanted/ both? If partly.
Owner-occupied, specify portion and extent of area under owner-occupation. |
Owners occupied. |
|
|
|
|
|
|
SALES |
||
|
Give instances of sales of immovable property in the locality on a
separate sheet, indicating the name and address of the property, registration
No., sale price and area of land sold. |
No comparable sale instances available. |
|
|
|
|
|
|
Land rate adopted in this valuation. |
Assessed and indicated on page no 6 of this report. |
|
|
|
|
|
|
If sale instances are not available or not relied upon the basis of
arriving at the land rate. |
As per local enquiries for the market rates and various parameters of the
land effecting value as noted during site inspection. |
|
|
|
|
|
|
COST OF CONSTRUCTION |
||
|
Year of commencement of construction and year of completion |
2006 |
|
|
|
|
|
|
What was the method of construction-by contract/by employing Labour directly/both? |
By employing Labour directly. |
|
DETAILS OF CONSTRUCTION DONE
|
No. of floors and height of each floor. |
Two, G.F.-10’-6”, 7’-9”, 10’-0”, 16’-8”, 21’-0”, 14’-0”, 14’-6”,
22’-0”, 15’-0” and F. F.-8’-0”, 9’-6”. |
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|
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|
|
Plinth area floor-wise (As per 16:3861 - 1966) |
Ground Floor =18179 sft and First Floor 749 sft. |
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Year of construction |
2006 |
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|
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|
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|
Estimated future life |
56 years |
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|
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|
Type of construction-load bearing walls/ R.C.C. frame/ steel frame. |
Load bearing walls. |
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|
Type of foundations |
Spread footing. |
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|
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|
WaIls (a) Basement and plinth (b) Ground floor (c) Superstructure above ground floor. |
Plinth brick work in cement mortar. Brick work in cement mortar. Brick work in cement mortar. |
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Partitions |
Brick work in cement mortar. |
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|
Doors and windows (Floor wise) (a) Ground floor. (b) 1st floor. (c) 2nd floor. (d) 3rd floor. |
Rolling Shutter. Steel Joinery. N.A. N.A. |
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|
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|
Flooring (Floor wise) (a) Basement. (b) Ground floor. (c) 1st floor. (d) 2nd floor. (e) 3rd floor. |
N.A. C.C./Brick /Vitrified tiles flooring. Cement concrete flooring. N.A. N.A. |
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|
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|
Finishing (Floor wise) (a) Basement. (b) Ground floor. (c) 1st floor. (d) 2nd floor. (e) 3rd floor. |
N.A. Plastered duly white washed. Plastered duly white washed. N.A. N.A. |
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|
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Roofing and terracing. |
RCC Slab/ AC Sheet |
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Special architectural or decorative features. If any. |
-- |
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(a) internal wiring - surface or conduilt. (b) Class of fitting superior/ordinary/poor. |
Internal Conduilt Wiring. -- |
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|
Sanitary installations: (i) No. of water closets. (ii) No..of wash basins. (iii) No, of urinals. (iv) No. of sinks. (v) No. of bath tubs. (vi)No. of bidets. (vii) No. of geysers. |
2 nos. 1 no. 2 nos. 1 no. Nil. Nil. Nil. |
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Class of fittings, superior coloured/ superior white ordinary. |
White Ordinary |
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|
Overhead tank |
One |
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|
i) Where located |
On terrace |
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|
ii) Capacity |
500 Litre |
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|
iii) Type of construction |
PVC |
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|
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|
Roads and paving within the compound, approximate are and type of
paving |
Cement concrete |
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|
Sewage disposal-whether connected to public sewers. If septic tanks
provided. No. and capacity |
Connected to public sewer. |
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|
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|
VALUATION OF PROPERTY |
||
|
The price of the land depends upon its size, shape, situation, nearby
locality, utility surroundings and amenities available. Keeping in view the
parameters mentioned in the report above and the information gathered at site
as per visual inspection and local inquiries, the present value of the land
has been assessed as under. |
||
|
VALUE OF LAND |
||
|
Are of Land = 106.43 marlas of 207 sft. Each Land Rate = Rs.0.125 Million / per marla of 207 sft each. Value of Land = 106.43 marlas X
Rs.0.125 Million/ per marla |
Rs.13.304 Millions |
|
|
|
|
|
|
Value of
Construction:- |
|
|
|
1) Covered area with RCC slab (Ht. 10’-6”) 129 sft @ Rs. 250/- per
sft. |
Rs.0.032 Million |
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|
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|
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|
2) Covered area with RCC slab (HT. 7’-9”) 29 sft @ Rs. 325/- per sft |
Rs.0.009 Million |
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|
|
|
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|
3) Covered area with AC sheet (Ht 10’-6”) 209 sft @ Rs. 60/- per sft. |
Rs.0.013 Million |
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|
|
|
|
|
4) Covered area with RCC slab (Ht 10’0”) 108 sft @ Rs. 325/ per sft. |
Rs.0.035 Million |
|
|
|
|
|
|
5) Covered area with RCC Slab (Ht10’0”) 195 sft @ Rs. 450/- per sft. |
Rs.0.088 Million |
|
|
|
|
|
|
6) Covered area with RCC Slab (Ht 16’-8”) 928 sft. @ Rs. 350/- per sft |
Rs.0.328 Million |
|
|
|
|
|
|
7) Covered area with RCC slab (Ht. 12’-0”) 1912 sft @ Rs. 80/- per
sft. |
Rs.0.153 Million |
|
|
|
|
|
|
8) Covered area with RCC slab (Ht. 21’-0”) 4841 sft. @ Rs. 275/- per
sft. |
Rs.1.331 Millions |
|
|
|
|
|
|
9) Covered area with AC Sheet (Ht. 14’-0”) 1886 sft. @Rs. 80/- per
sft. |
Rs.0.151 Million |
|
|
|
|
|
|
10) Covered area with AC sheet (Ht. 15’-0”) 1513 sft.@ Rs. 120/- per
sft. |
Rs.0.182 Million |
|
|
|
|
|
|
11) Covered area with AC sheet (Ht- 22’-0”) 1457 sft. @ Rs. 280/- per
sft. |
Rs.0.408 Million |
|
|
|
|
|
|
12) Covered area with AC sheet (Ht- 14’-6”) 1470 sft. @ Rs 230/- per
sft. |
Rs.0.338 Million |
|
|
|
|
|
|
13) Covered area with AC sheet (Ht- 15’-0”) 1889 sft. @ Rs.240/- per
sft. |
Rs.0.453 Million |
|
|
|
|
|
|
14) Covered area with RCC slab (Ht.10’-0”) 155 sft @ Rs. 450/- per
sft. |
Rs.0.070 Million |
|
|
|
|
|
|
15) Covered area with AC sheet (Ht. 10’-0”) 1448 sft @ Rs. 70/- per
sft. |
Rs.0.101 Million |
|
|
|
|
|
|
16) Add for paving in open area and gate |
Rs.0.050 Million |
|
|
|
|
|
|
First Floor:- |
|
|
|
17) Covered area with RCC slab (Ht.8’0”) 45 sft.@ Rs. 150/- per sft. |
Rs.0.007 Million |
|
|
|
|
|
|
18) Covered area with RCC slab (Ht. 10-0”) 704 sft, @ Rs. 275/- per
sft. |
Rs.0.194 Million |
|
|
|
|
|
|
Total value of
Construction |
Rs.3.943
Millions |
|
|
|
|
|
|
Depreciation @ 8% on (S. No. -3, 9, 10, 11, 12, 13, 15) Rs.1.646
Millions |
Rs.0.132 Million |
|
|
Depreciation @ 6% on Rs.2.297 Millions |
Rs.0.138 Million |
|
|
Total Depreciation |
Rs.0.269 Million |
|
|
Net value of Construction Rs.3.943 Millions (-) Rs.0.269 Million |
Rs.3.673 Million |
|
|
|
|
|
|
Total value of
Property Rs.13.304 Millions (+) Rs.3.673
Millions |
Rs.16.977
Millions |
|
|
Say |
Rs.16.977
Millions |
|
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Car
· Machinery
· Building
· Fan
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.44.98 |
|
|
1 |
Rs.72.68 |
|
Euro |
1 |
Rs.64.16 |
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.