MIRA
INFORM REPORT
|
Report Date : |
20.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
POSH TOOLS AND FORGINGS |
|
|
|
|
Registered
Office : |
15, Waryana Industrial Complex, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 (Provisional) |
|
|
|
|
Year of
Establishment : |
2002 |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Hand Tools. |
|
|
|
|
No. of
Employees: |
Approximately 20 |
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 |
|
|
|
|
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 acceptable. 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. Gunjeet Singh |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9888202020 |
|
Date : |
17.05.2011 |
LOCATIONS
|
Registered Office : |
15, Waryana Industrial Complex, |
|
Mobile No.: |
91-9888202020 (Mr. Gunjeet) |
|
Area : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Gunjeet Singh |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
31 years |
|
Qualification : |
Under Graduate |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Hand Tools. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
A.N. Plastics ·
Ayyappa Industry ·
BBJ Electronics ·
Bhatia Polymers ·
Birbal Dass Parkash Chand ·
Central ·
Chawla Enterprises ·
D.S. Scrap Company and Hand Tools ·
Gumtali Engineering Works ·
Hamco Ispat Limited ·
J. K. Files and Tools ·
Jagjit Tools Corporaiton ·
Jainsons Enterprises ( ·
K.J. Steel Rolling Mills ·
K.S. Industries ·
Lovery Hardware Store ·
Malhotra Trading Company ·
New Bharat Industries ·
Parul Industries ·
Posh Overseas |
|
|
|
|
Customers : |
·
Anil Corner ·
Clipico Traders ·
Elora Tools ( ·
Ess Tee International ·
Gagan Tools Corporation ·
Jhalani Tools ·
K.K. Agencies ·
Moti International ·
Multitec Industries Limited ·
Nagpal Tools ( ·
Nector ( ·
Raj Enterprises ·
Rajeev Enterprises ·
Record Tools |
|
|
|
|
No. of Employees : |
Approximately 20 |
|
|
|
|
Bankers : |
Corporation Bank, Jalandar Branch |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajesh Agarwal and Company Chartered Accountant |
|
Address : |
1, LGF, Arora Prime Tower, 28, G.T. Road, Jalandhar City, Punjab,
India |
|
|
|
|
Associates/Subsidiaries : |
Posh Overseas 14, Waryana Industrial Complex, |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs. 1.579 Millions |
|
Borrowed : |
Rs. 4.903 Millions |
|
Total : |
Rs. 6.482
Millions |
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 (Provisional) |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.579 |
1.221 |
0.991 |
|
|
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 |
1.579 |
1.221 |
0.991 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.397 |
3.361 |
2.942 |
|
|
2] Unsecured Loans |
1.506 |
1.482 |
1.156 |
|
|
TOTAL BORROWING |
4.903 |
4.843 |
4.098 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.482 |
6.064 |
5.089 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.947 |
2.251 |
2.330 |
|
|
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 |
2.941
|
3.085 |
3.572 |
|
|
Sundry Debtors |
2.404
|
1.232 |
1.992 |
|
|
Cash & Bank Balances |
0.085
|
0.365 |
0.070 |
|
|
Other Current Assets |
0.801
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.819 |
0.237 |
|
Total
Current Assets |
6.231
|
5.501 |
5.871 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.394
|
1.578 |
3.003 |
|
|
Other Current Liabilities |
0.302
|
0.110 |
0.109 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
2.696
|
1.688 |
3.112 |
|
|
Net Current Assets |
3.535
|
3.813 |
2.759 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.482 |
6.064 |
5.089 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 (Provisional) |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14.096 |
13.466 |
11.752 |
|
|
|
Other Income |
0.011 |
0.002 |
0.016 |
|
|
|
TOTAL |
14.107 |
13.468 |
11.768 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
9.898 |
10.177 |
8.891 |
|
|
|
Bank Charges and Interest |
0.443 |
0.564 |
0.426 |
|
|
|
Salary |
0.204 |
0.169 |
0.094 |
|
|
|
Interest to Depositors |
0.210 |
0.175 |
0.322 |
|
|
|
Car Running and Maintenance |
0.023 |
0.019 |
0.018 |
|
|
|
Other Expenses |
2.296 |
1.532 |
1.328 |
|
|
|
TOTAL |
13.074 |
12.636 |
11.079 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.033 |
0.832 |
0.689 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.415 |
0.315 |
0.335 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.618 |
0.517 |
0.354 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 (Provisional) |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.38
|
3.84 |
3.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.38
|
3.84 |
3.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.73
|
6.67 |
4.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.42 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.81
|
5.35 |
7.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.31
|
3.26 |
1.89 |
LOCAL AGENCY FURTHER INFORMATION
STATEMENT
SHOWING ASSETS AND LIABILITIES
(NET WORTH
STATEMENTS)
MR. GURJEET
SINGH
(Proprietor)
|
IMMOVABLE
PROPERTIES |
APPLICANT |
|
Address of the property with survey No./ Door No. etc. |
Waryana Industrial Complex, |
|
|
|
|
Description: Land/ Site/ Building |
Building |
|
|
|
|
Whether free hold/ Lease hold |
Free hold |
|
|
|
|
Type of Property: Commercial/ residential/ agricultural |
Commercial |
|
|
|
|
Area/ Extent of Land |
53 Marla |
|
|
|
|
Present Market/
Assessed Value |
Rs. 8.450
Millions (Half Shares) |
|
|
|
|
INVESTMENT IN
BUSINESS CAPITAL |
|
|
Name of the Company/ firm/ concern in which investment is made |
Posh Tools and Forgings |
|
|
|
|
Present value of
Investment |
Rs. 1.221
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. 0.007
Million |
|
|
|
|
LIFE INSURANCE
POLICIES |
|
|
Policy Numbers |
Different Policies |
|
|
|
|
Date of Policy |
Different Dates |
|
|
|
|
Type of Policy: Endowment/ whole life etc. |
Endowment |
|
|
|
|
Annual Premium |
Rs. 0.102 Million |
|
|
|
|
Sum Assured |
Rs. 1.700 Millions |
|
|
|
|
Surrender Value |
Rs. 0.550
Million |
|
|
|
|
VEHICLES OWNED |
|
|
Model/ Make |
Scooter(Eterno), Car (Honda City) |
|
|
|
|
Date of Purchase |
15.01.2004, 01.11.2004 |
|
|
|
|
Present Market
Value |
Rs. 0.015
Million/ Rs. 0.324 Million |
|
|
|
|
OTHER ASSETS |
|
|
Furniture and Fixture |
Rs. 0.018 Million |
|
Cash in hand |
Rs. 0.025 Million |
|
Plant and Machinery |
Rs. 0.695 Million |
|
Fans, Computer, ACs, Cycle, Fax, Weight etc. |
Rs. 0.085 Million |
|
Total Value of
other assets |
Rs. 0.823
Million |
|
|
|
|
TOTAL ASSETS |
RS. 11.390
MILLIONS |
|
LIABILITIES |
|
|
Name of the Bank/ Institution |
SBI , Jalandhar |
|
|
|
|
Nature/Type of Loan |
CC , SME, MTL, Gerates TL |
|
|
|
|
Date of Loan |
08.07.2008/ 08.07.2008/ 11.03.2006/ 28.07.2005 |
|
|
|
|
Amount of Loan availed |
Rs. 3.000 Million / Rs. 0.600 Million/ Rs. 0.130 Million/ Rs. 0.122
Million |
|
|
|
|
Amount Outstanding |
RS. 2.776
Millions + Rs. 0.600 Million + Rs. 0.022 Million + Nil |
|
|
|
|
TOTAL
LIABILITIES |
RS. 3.398
MILLIONS |
|
NET WORTH |
RS. 7.992
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(Rs.
in Millions)
|
SOURCES OF FUNDS |
31.03.2011 Projected |
|
|
SHAREHOLDERS FUNDS |
|
|
|
1] Share Capital |
2.394 |
|
|
2] Share Application Money |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
|
|
NETWORTH |
2.394 |
|
|
LOAN FUNDS |
|
|
|
1] Secured Loans |
4.500 |
|
|
2] Unsecured Loans |
2.334 |
|
|
TOTAL BORROWING |
6.834 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
|
|
|
|
|
|
TOTAL |
9.228 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.300 |
|
|
Capital work-in-progress |
0.000 |
|
|
|
|
|
|
INVESTMENT |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
6.200 |
|
|
Sundry Debtors |
2.385 |
|
|
Cash & Bank Balances |
0.015 |
|
|
Other Current Assets |
0.614 |
|
|
Loans & Advances |
0.040 |
|
Total
Current Assets |
9.254 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
2.231 |
|
|
Other Current Liabilities |
0.095 |
|
|
Provisions |
0.000 |
|
Total
Current Liabilities |
2.326 |
|
|
Net Current Assets |
6.928 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
|
|
|
|
|
|
TOTAL |
9.228 |
|
PROFIT & LOSS ACCOUNT
(Rs.
in Millions)
|
|
PARTICULARS |
31.03.2011 Projected |
|
|
|
SALES |
|
|
|
|
|
Income |
18.100 |
|
|
|
Other Income |
0.000 |
|
|
|
TOTAL |
18.100 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
12.959 |
|
|
|
Bank charges and Interest |
0.570 |
|
|
|
Fee and Taxes |
0.012 |
|
|
|
Salary |
0.330 |
|
|
|
Printing and Stationery |
0.012 |
|
|
|
Telephone Expenses |
0.072 |
|
|
|
Other Expenses |
2.909 |
|
|
|
TOTAL |
16.864 |
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.236 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.340 |
|
|
|
|
|
|
|
|
NET PROFIT |
0.896 |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
OF IMMOVABLE PROPERTY
|
PART –I |
|
|
GENERAL |
|
|
Purpose for which valuation is made |
Bank purpose |
|
|
|
|
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, Tehsil and District Jalandhar |
|
|
|
|
Boundaries (As per registered sale deed) North: Road South: Other East: Plot No. 2 West: Plot No. 4 |
Road 29’-5” wide Raghu Exports Other Property P/o Raghu exports |
|
|
|
|
Survey/ Plot No. of land |
Registered 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 registered sale deed mentioned above = 4 Kanal and 1 Marla 81
Marlas of 272 Sft each = 106.43 Marlas of 207 sft each. |
|
|
|
|
Is it free hold and or lease hold land? |
It is a free hold land |
|
|
|
|
Is there any restrictive convenant in regard to use of land? If so
attach a copy of the convenant. |
No, as per owner |
|
|
|
|
IMPROVEMENTS |
|
|
Is the building owner-occupied/ tenanted/ both? If partly owner-occupied,
specify portion and extent of area under owner-occupation. |
Owner 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 |
|
|
|
|
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
|
TECHNICAL DETAILS |
||
|
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” |
|
|
|
|
|
|
Plinth area floor-wise (As per 16:3861-1966) |
Ground Floor = 18179 sft and First Floor- 749 sft. |
|
|
|
|
|
|
Year of Construction |
2006 |
|
|
|
|
|
|
Estimated future life |
56 years |
|
|
|
|
|
|
Type of construction-load bearing walls/ R.C.C. frame/ Steel frame |
Load bearing walls |
|
|
|
|
|
|
Type of foundations |
Spread footing |
|
|
|
|
|
|
Walls |
|
|
|
a) Basement and plinth |
Plinth brick work in cement mortar |
|
|
b) Ground Floor |
Brick work in cement mortar |
|
|
c) Superstructure above ground floor |
Brick work in cement mortar |
|
|
|
|
|
|
Partitions |
Brick work in cement mortar |
|
|
|
|
|
|
Doors and windows (Floorwise) |
|
|
|
a) Ground Floor |
Rolling Shutter |
|
|
b) 1st Floor |
Steel joinery |
|
|
c) 2nd Floor |
N.A. |
|
|
d) 3rd Floor |
N.A. |
|
|
|
|
|
|
Flooring (Floorwise) |
|
|
|
a) Basement |
N.A. |
|
|
b) Ground Floor |
C.C./ Brick/ Vitrified tiles flooring |
|
|
c) 1st floor |
Cement concrete flooring |
|
|
d) 2nd Floor |
N.A. |
|
|
e) 3rd Floor |
N.A. |
|
|
|
|
|
|
Finishing (Floorwise) |
|
|
|
a) Basement |
N.A. |
|
|
b) Ground Floor |
Plastered duly white washed |
|
|
c) 1st floor |
Plastered duly white washed |
|
|
d) 2nd Floor |
NA |
|
|
e) 3rd Floor |
NA |
|
|
|
|
|
|
Roofing and terracing |
RCC slab/ AC sheet |
|
|
|
|
|
|
a) Internal wiring- surface or conduilt |
Internal conduilt wiring |
|
|
|
|
|
|
Sanitary Installation |
|
|
|
a) i) No. of water closets |
2 nos. |
|
|
ii) No. of Wash Basins |
1 No. |
|
|
iii) No. of Urinals |
2 Nos. |
|
|
iv) No. of Sinks |
1 No. |
|
|
v) No. of bath tubs |
Nil |
|
|
vi) No. of bidets |
Nil |
|
|
ii) No. of geysers |
Nil |
|
|
b) Class of fittings, superior coloured/ superior white ordinary |
White ordinary |
|
|
|
|
|
|
Overhead tank |
One |
|
|
i) Where located |
On terrace |
|
|
ii) Capacity |
500 Litre |
|
|
iii) Type of construction |
PVC |
|
|
|
|
|
|
Roads and paving within the compound, approximate are and type of
paving |
Cement concrete |
|
|
|
|
|
|
Sewage disposal-whether connected to public sewers. If septic tanks
provided. No. and capacity |
Connected to public sewer. |
|
|
|
|
|
|
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 |
|
|
2) Covered area with RCC slab (HT. 7’-9”) 29 sft @ Rs. 325/- per sft |
Rs. 0.009 Million |
|
|
3) Covered area with AC sheet (Ht 10’-6”) 209 sft @ Rs. 60/- per sft. |
Rs. 0.013 Million |
|
|
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
·
Air Conditioner
·
Building
·
Car
·
Computer
·
Cycle
·
Fan
·
Fax
·
Fire Extinguisher
·
Furniture and Fixture
·
Machinery
·
·
Scooter
·
Tools and Dies
·
Transformer
·
Weight and Measurement
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.