MIRA
INFORM REPORT
|
Report Date : |
21.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
SRI ANNAMALAI ASSOCIATES |
|
|
|
|
Registered
Office : |
S. F. No.46/4, 5 and 6, Konurkandampalayam, Konur (P.O.), Namakkal
(T.L and D.T), Namakkal – 637207, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.07.2009 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.500 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABQFS1507D |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
|
|
|
|
Line of Business
: |
Manufacturing of Coir Fibre and Rope. |
|
|
|
|
No. of Employees
: |
12 (Office – 2 and Factory – 10) |
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 |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new concern in its field. 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 |
LOCATIONS
|
Registered Office/ Factory : |
S. F. No.46/4, 5 and 6, Konurkandampalayam, Konur (P.O.), Namakkal
(T.L and D.T), Namakkal – 637207, Tamilnadu, India |
|
Mobile No.: |
91-9443740042 (Mr. S. Raja) 91-9345730333 (Mr. J. Ramasamy)
91-9345330111 (Mr. R. Senthamil Selvan) 91-9787579079 (Mr. S. Suresh) 91-9442551283 (Mr. P. Thilagavathy) |
|
E-Mail : |
|
|
Area : |
84,070 sq. ft. |
|
Location : |
Leased |
PARTNERS
|
Name : |
Mr. S. Raja |
|
Designation : |
Partner |
|
Address : |
7/124, Konur Kandampalayam, Konur (P.O.), Namakkal (D.T.), Tamilnadu,
India |
|
Date of Birth/Age : |
15.06.1979 |
|
Qualification : |
M.E. in Civil Engineering |
|
Experience : |
11 years |
|
|
|
|
Name : |
Mr. Jaganathan Ramasamy |
|
Designation : |
Partner |
|
Address : |
10/70, Kabilarmalai Road, Paramathy (P.O.), Namakkal (D.T.),
Tamilnadu, India |
|
Date of Birth/Age : |
07.05.1979 |
|
Qualification : |
DIP in Civil Engineering |
|
Experience : |
10 years |
|
|
|
|
Name : |
Mr. R. Senthamil Selvan |
|
Designation : |
Partner |
|
Address : |
30-C, Kabilarmalai Road, Paramayhy (P.O.), Namakkal (D.T.), Tamilnadu,
India |
|
Date of Birth/Age : |
26.06.1979 |
|
Qualification : |
BE in Chemical Engineering |
|
Experience : |
10 years |
|
|
|
|
Name : |
Mr. S. Suresh |
|
Designation : |
Partner |
|
Address : |
1/352, Pallakattukuttai, Olakkachinnanur (P.O.), Sankari (D.T.),
Tamilnadu, India |
|
Date of Birth/Age : |
12.05.1978 |
|
Qualification : |
DIP in Civil Engineering |
|
Experience : |
10 years |
|
|
|
|
Name : |
Mr. P. Thilagavathi |
|
Designation : |
Partner |
|
Address : |
21, Thaluvampalayam Main Road, Kodumudi PO, Erode, India |
|
Date of Birth/Age : |
20.05.1983 |
|
Qualification : |
M. Com., B.ED. |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Coir Fibre and Rope. |
|
|
|
|
Products : |
Coir Fibre and Rope |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 days) |
|
|
|
|
Purchasing : |
Credit (60 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
12 (Office – 2 and Factory – 10) |
|
|
|
|
Bankers : |
· Corporation Bank Keerambur Branch, Keerambur (P.O.), Namakkal (T.K and D.T.) Tamilnadu, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. Periyasamy Chartered Accountant |
|
Address : |
Velur (P.O.) Paramathy-Velur (T.K), Namakkal (D.T.), Tamilnadu, India |
|
Tel. No.: |
91-4268-221835 |
|
Email : |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Rs.1.500 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.1.500
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 |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.500 |
0.498 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1.500 |
0.498 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.500 |
0.498 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.006 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
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 |
|
0.390 |
0.492 |
|
|
Other Current Assets |
|
1.110 |
0.000 |
|
|
Loans & Advances |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
1.500 |
0.492 |
|
|
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 |
|
1.500 |
0.492 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1.500 |
0.498 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
0.022 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
0.022 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
RC Fees |
|
|
0.001 |
|
|
|
Audit Fees |
|
0.020 |
0.001 |
|
|
|
Other Expenses |
|
|
0.000 |
|
|
|
TOTAL |
|
0.020 |
0.002 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.002 |
(0.002) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.001 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
0.001 |
(0.002) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
4.55 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
9.09 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.13 |
(0.40) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.00 |
0.00 |
LOCAL AGENCY FURTHER INFORMATION
COST OF PROJECT
(RS.
IN MILLIONS)
|
Particulars
|
Amount |
|
|
|
|
Land and Building – as per Estimate |
1.473 |
|
Machineries |
1.721 |
|
Electricals – as per Estimated |
0.365 |
|
Working Capital |
0.441 |
|
|
|
|
TOTAL
|
4.000 |
MEANS OF FINANCE
(RS.
IN MILLIONS)
|
Particulars
|
Amount |
|
|
|
|
Promoters Capital Accounts |
1.500 |
|
Bank Finance - MTL |
2.500 |
|
|
|
|
TOTAL
|
4.000 |
------------------------------------------------------------------------------------------------------------------------------
|
Installed
Capacity |
The unit has got an installed capacity of 3500
kg per day per one shift of 12 hours 1.The unit can produce and dispatch at
least 3000 ton per day out of produced 3500kgs 2. Taking into account 300 day will be the
working days in a year, the total of production and sale will be 3500kgs*300
= 1050000kgs 3. Assuming that l% will be the damages on
in production, sales in terms pf volume works, out to 1050000*99 % = 1039500kg 4. Taking into Consideration the sales
volume at Rs.10000 per ton the total sales per year works out to 1039.50*
10000 = 10.395 Millions Therefore the total income per year will
be sales Fibre Rs.10.395 Millions 103.95 |
|
|
|
|
Miscellaneous
Income |
Income received a sales of damage
materials and other items estimated at Rs.0.105 Millions |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFITABILITY STATEMENT
(RS.
IN MILLION)
|
Particulars
|
I Year |
II Year |
III Year |
IV year |
V Year |
|
|
|
|
|
|
|
|
A.
INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales – Coirfibre |
10.395 |
10.915 |
11.460 |
12.033 |
12.635 |
|
Misc. Income |
0.105 |
0.110 |
0.115 |
0.120 |
0.125 |
|
|
|
|
|
|
|
|
Total |
10.500 |
11.025 |
11.575 |
12.153 |
12.760 |
|
|
|
|
|
|
|
|
B.
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Manufacturing Expenses |
8.642 |
9.074 |
9.528 |
10.000 |
10.504 |
|
|
|
|
|
|
|
|
Office Administration Over head |
0.392 |
0.412 |
0.453 |
0.498 |
0.548 |
|
|
|
|
|
|
|
|
Depreciation |
0.448 |
0.389 |
0.339 |
0.295 |
0.247 |
|
|
|
|
|
|
|
|
Bank Interests |
0.333 |
0.302 |
0.269 |
0.235 |
0.201 |
|
|
|
|
|
|
|
|
Cost
of Sale |
9.815 |
10.177 |
10.589 |
11.028 |
11.500 |
|
|
|
|
|
|
|
|
Net Profit Before Tax |
0.706 |
0.906 |
1.008 |
1.254 |
1.424 |
|
|
|
|
|
|
|
|
Less: Taxation |
0.117 |
0.179 |
0.212 |
0.274 |
0.335 |
|
|
|
|
|
|
|
|
Net Profit After Tax |
0.589 |
0.727 |
0.796 |
0.980 |
1.089 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT SHOWING DEBT SERVICE COVERAGE RATIO
(RS.
IN MILLIONS)
|
Particulars
|
I Year |
II Year |
III Year |
IV year |
V Year |
|
|
|
|
|
|
|
|
CASH
ACCRUALS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income after Tax |
0.589 |
0.727 |
0.796 |
0.980 |
1.089 |
|
|
|
|
|
|
|
|
Interests on Loan |
0.333 |
0.302 |
0.269 |
0.235 |
0.201 |
|
|
|
|
|
|
|
|
Depreciation |
0.448 |
0.389 |
0.339 |
0.295 |
0.247 |
|
|
|
|
|
|
|
|
Total |
1.370 |
1.418 |
1.404 |
1.510 |
1.537 |
|
|
|
|
|
|
|
|
DEBT
OBLIGATION |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal on Loan |
0.125 |
0.264 |
0.264 |
0.264 |
0.264 |
|
|
|
|
|
|
|
|
Interests on Loan |
0.333 |
0.302 |
0.269 |
0.235 |
0.201 |
|
|
|
|
|
|
|
|
Total
|
0.458 |
0.566 |
0.533 |
0.499 |
0.465 |
|
|
|
|
|
|
|
|
The
Average Debit |
1.66 |
1.82 |
1.94 |
2.27 |
2.55 |
|
|
|
|
|
|
|
|
Services
Coverage Ratio (%) ] |
2.97 |
||||
------------------------------------------------------------------------------------------------------------------------------
PROJECT CASH FLOW STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
I Year |
II Year |
III Year |
IV year |
V Year |
|
|
|
|
|
|
|
|
CASH
INFLOW |
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Contribution |
1.500 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Term Loan |
2.500 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Net income after Tax |
0.589 |
0.727 |
0.796 |
0.980 |
1.089 |
|
|
|
|
|
|
|
|
Interests on loan |
0.333 |
0.302 |
0.269 |
0.235 |
0.201 |
|
|
|
|
|
|
|
|
Depreciation |
0.448 |
0.389 |
0.339 |
0.295 |
0.247 |
|
|
|
|
|
|
|
|
Total
|
5.370 |
1.418 |
1.404 |
1.510 |
1.537 |
|
|
|
|
|
|
|
|
CASH
OUT FLOW |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Machinery, Building and Its
accessories |
3.559 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Increase in Other Current Assets |
0.441 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Repayment of Term Loan |
0.125 |
0.264 |
0.264 |
0.264 |
0.264 |
|
|
|
|
|
|
|
|
Interests on Loan |
0.333 |
0.302 |
0.269 |
0.235 |
0.201 |
|
|
|
|
|
|
|
|
Drawings |
0.050 |
0.100 |
0.150 |
0.200 |
0.250 |
|
|
|
|
|
|
|
|
Investment (Assumed) |
0.150 |
0.200 |
0.200 |
0.250 |
0.250 |
|
|
|
|
|
|
|
|
Pre-Op. Expenses (HP) |
0.166 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
Total
|
4.824 |
0.866 |
0.883 |
0.949 |
0.965 |
|
|
|
|
|
|
|
|
Surplus/ Deficit |
0.165 |
0.316 |
0.285 |
0.325 |
0.336 |
|
|
|
|
|
|
|
|
Opening Balance |
0.000 |
0.165 |
0.481 |
0.766 |
1.091 |
|
|
|
|
|
|
|
|
Closing Balance |
0.165 |
0.481 |
0.766 |
1.091 |
1.427 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT BALANCE SHEET
(RS.
IN MILLIONS)
|
Particulars
|
I Year |
II Year |
III Year |
IV year |
V Year |
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Account |
1.492 |
1.865 |
2.293 |
2.837 |
3.440 |
|
Term Loan |
2.375 |
2.111 |
1.847 |
1.583 |
1.319 |
|
Depreciation Reserve |
0.448 |
0.837 |
1.176 |
1.471 |
1.718 |
|
|
|
|
|
|
|
|
Total
|
4.315 |
4.813 |
5.316 |
5.891 |
6.477 |
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Machinery |
4.000 |
4.000 |
4.000 |
4.000 |
4.000 |
|
Building and Its Accessories |
0.150 |
0.350 |
0.550 |
0.800 |
1.050 |
|
Investment (Assumed) |
0.165 |
0.481 |
0.766 |
1.091 |
1.427 |
|
|
|
|
|
|
|
|
Total
|
4.315 |
4.831 |
5.316 |
5.891 |
6.477 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. S. SURESH
NAME
OF THE APPLICANT: MR. P. THILAGAVATHI
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Particulars |
APPLICANT (MR. S. SURESH) |
APPLICANT (Mr. P. THILAGAVATHI) |
|
|
|
|
|
Address of the property with survey No./ Door No. etc. |
Olakkachinnanur,
Tamilnadu, India |
-- |
|
|
|
|
|
Description: Land/ Site/ Building |
Land |
-- |
|
|
|
|
|
Whether free hold/ Lease hold |
-- |
-- |
|
|
|
|
|
Type of Property: Commercial/ residential/ agricultural |
Agricultural |
-- |
|
|
|
|
|
Area/ Extent of Land |
2.00 Acres |
-- |
|
|
|
|
|
Present Market/
Assessed Value |
Rs.1.000 Million |
-- |
DEPOSITS
HELD WITH BANKS/ COMPANIES/ OTHER LENDER, ETC.
|
Present
Value of Deposit |
NIL |
Rs.0.500 Million |
GOVERNMENT
SECURITIES/ NSC/ NSS ETC.
|
Present
Value of Securities |
NIL |
Rs.0.025 Million |
LIFE
INSURANCE POLICY
|
Annual Premium |
0.005 |
NIL |
|
|
|
|
|
Sum Assured |
0.300 |
NIL |
|
|
|
|
|
Surrender
Value |
0.300 |
NIL |
VEHICLES
OWNED
|
Model/ Make |
2008, 2011 |
Nil |
|
|
|
|
|
Date of Purchases |
01.12.2008 |
Nil |
|
|
|
|
|
Present
Market Value |
0.089 |
Nil |
OTHER
ASSETS
|
Furniture and Fixture |
0.011 |
-- |
|
|
|
|
|
Cash in hand |
0.105 |
0.500 |
|
|
|
|
|
Jewellery |
0.300 |
1.200 |
|
|
|
|
|
Other Assets |
-- |
0.250 |
|
|
|
|
|
Total Value of
Other Assets |
0.416 |
1.950 |
|
TOTAL ASSETS |
RS.1.805 MILLIONS |
RS.2.475 MILLIONS |
|
NET WORTH |
RS.1.805 MILLIONS |
RS.2.475 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
NAME
OF THE APPLICANT: MR. S. RAJA
NAME
OF THE APPLICANT: MR. J. RAMASAMY
NAME
OF THE APPLICANT: MR. R. SENTHAMIL SELVAN
(RS.
IN MILLIONS)
ASSETS
IMMOVABLE
PROPERTY
|
Particulars |
APPLICANT (MR. S. RAJA ) |
APPLICANT (MR. J. RAMASAMY) |
APPLICANT (MR. R. SENTHAMIL SELVAN) |
|
|
|
|
|
|
Address of the property with survey No./ Door No. etc. |
Konur
Kandampalayam, Tamilnadu, India |
-- |
-- |
|
|
|
|
|
|
Whether free hold/ Lease hold |
-- |
-- |
-- |
|
|
|
|
|
|
Type of Property: Commercial/ residential/ agricultural |
Agricultural |
-- |
-- |
|
|
|
|
|
|
Area/ Extent of Land |
4.4 acres |
-- |
-- |
|
|
|
|
|
|
Present Market/
Assessed Value |
2.500 |
NIL |
NIL |
LIFE
INSURANCE POLICY
|
Annual Premium |
0.025 |
0.010 |
0.005 |
|
|
|
|
|
|
Sum Assured |
1.000 |
0.750 |
0.300 |
|
|
|
|
|
|
Surrender
Value |
0.025 |
0.750 |
0.300 |
VEHICLES
OWNED
|
Model/ Make |
2010 |
-- |
2007 |
|
|
|
|
|
|
Date of Purchases |
26.11.2010 |
-- |
-- |
|
|
|
|
|
|
Present
Market Value |
0.054 |
0.039 |
0.126 |
OTHER
ASSETS
|
Furniture and Fixture |
0.015 |
0.022 |
0.008 |
|
|
|
|
|
|
Cash in hand |
0.150 |
0.048 |
0.065 |
|
|
|
|
|
|
Jewellery |
0.250 |
0.125 |
0.250 |
|
|
|
|
|
|
Other Assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total Value of
Other Assets |
0.415 |
0.195 |
0.323 |
|
TOTAL ASSETS |
RS.2.994 MILLIONS |
RS.0.984 MILLION |
RS.0.749 MILLION |
|
NET WORTH |
RS.2.994 MILLIONS |
RS.0.984 MILLION |
RS.0.749 MILLION |
------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION OF THE PROPERTY
|
Purpose for
which this Valuation is made: |
Bank Security
purpose Corporation Bank Keerambur Branch. |
|
|
|
|
Name of owner
and his I her address |
1. Mrs. Kamalam,
W/o Subramaniam, 2. Mr. S. Raja,
S/o. Subramaniam, 3 .Mr. S.
Chandrasekar, S/o. Subramaniam, D.No.7/124,
Konur Kandampalayam, Konur (P.O), Namakkal TK and DT. |
|
|
|
|
Location of the
property T. S. No/ S. F.
No. Village/ Block Taluk/ Ward District
Municipality |
S. F. No.46/4,
5, 6, Villipalayam to K. Kandampalayam Main Road Konur Village Namakkal Taluk Namakkal |
|
|
|
|
Boundaries of
the Property |
|
|
East West North South |
Late.
Ulakappagounder Vagiara Land Chinnappagounder,
Ramasamygounder Land Villipalayam to
Kandampalayam Pathway East West Road Late.
Ulakappagounder Vagiara Land |
|
|
|
|
Postal Address
of the Property |
1. Mrs. Kamalam,
W/o. Subramaniam, 2. Mr. S. Raja,
S/o. Subramaniam, 3. Mr. S.
Chandrasekar, S/o Subramaniam, S. F. No.46/4,
5, 6, Villipalayam to K. Kandampalayam Main Road, Konur
Village, Namakkal TK and DT. |
|
|
|
|
Class of
construction |
Nil |
|
|
|
|
Proximity of
Civic Amenities |
Available |
|
|
|
|
E.B. Service
connection details |
Available |
|
|
|
|
Property Tax
paid details |
Not Known |
|
|
|
|
Characteristics
of the locality |
Residential and
Agricultural Area |
|
|
|
|
Whether the property
falls under “Land Ceiling Act” provisions |
Not Known |
|
|
|
|
Tenure of Land:
Freehold/ Leasehold |
Freehold |
|
|
|
|
If Lease hold,
State unexpired period f lease |
No. Own Use |
|
|
|
|
Occupancy
details Self Occupation or rental |
Used by Owner. |
FORMAT
FOR VALUATION OF VACANT RESIDENTIAL PLOT/ COMMERCIAL SITE / LAND.
|
Name of the
Owner |
1. Mrs. Kamalam,
W/o. Subramaniam, 2. Mr. S. Raja,
S/o. Subramaniam, 3. Mr. S.
Chandrasekar, S/o Subramaniam, |
|
|
|
|
Present Address |
1. Mrs. Kamalam,
W/o Subramaniam, 2. Mr. S. Raja,
S/o. Subramaniam, 3 .Mr. S.
Chandrasekar, S/o. Subramaniam, D.No.7/124,
Konur Kandampalayam, Konur (P.O), Namakkal TK and DT. |
|
|
|
|
Location of the
property T. S. No/ S. F.
No. Village/ Block Taluk/ Ward District
Municipality |
S. F. No.46/4,
5, 6, Villipalayam to K. Kandampalayam Main Road Konur Village Namakkal Taluk Namakkal |
|
|
|
|
Total Extent of
the site (1) S.F.No.46/4 (2) S.F.No.46/5 (3) S.F.No.46/5 Total Extent |
0.64 Acre 0.64 Acre 0.65 Acre 1.93 Acre |
|
|
|
|
Rate: |
|
|
Guideline Value
of the Land |
Rs.80,000/- Acre Rs.1.93 Acre x
80,000/ Acre Rs.0.154 Million |
|
|
|
|
Prevailing Local
Market Rate |
Rs.20,00,000 to 22,00,000/
Acre |
|
|
|
|
Rate Adopted |
Rs.20,00,000/
Acre |
|
|
|
|
Valuation: Fair Market
value of land |
1.93 Acre x
Rs.20,00,000/ Acre |
|
|
|
|
TOTAL VALUE OF
LAND |
Rs.3.860
Millions |
|
|
|
|
1) The Fair
Market Value of the Property is : |
Rs.3.860
Millions |
|
|
|
|
2) The Forced
Sale Value of the Property is : |
Rs.3.280
Millions |
|
|
|
|
3) Guideline
Value of the Land : |
Rs.0.154 Million
|
------------------------------------------------------------------------------------------------------------------------------
ABSTRACT
ESTIMATE
|
Description |
Estimate value (Rs. In
Millions) |
|
|
|
|
Construction of AC
Sheet Roof Building for Godown |
0.823 |
|
|
|
|
Construction of
AC. Sheet Roof Building for Machinery Shed and E.B Room and Trench Work |
0.500 |
|
|
|
|
Other
Infrastructure works in 6” Bore well and Motor arrangements Pipe line arrangement,
Syntax Tank |
0.150 |
|
|
|
|
Total |
1.473 |
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.44.93 |
|
|
1 |
Rs.72.92 |
|
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.