MIRA INFORM REPORT

 

 

Report Date :

28.05.2011

 

IDENTIFICATION DETAILS

 

Name :

SHREE UMA MAHESHWAR MAHAVIDYALAYA

 

 

Registered Office :

Airport Chouraha, Fursatganj, Raebareilly – 229 302, Uttar Pradesh

 

 

Country :

India

 

 

Year of Establishment :

April, 2010

 

 

Capital Investment / Paid-up Capital :

Not Available

 

 

Legal Form :

Society

 

 

Line of Business :

Educational Institute

 

 

No. of Employees :

Approximately 13 (In Office)

 

 

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 :

New Institute

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new project and yet to commence. The valuation report provided is of lesser value then the proposed amount. No further details or payment could be made available.

 

It would be advisable to take adequate securities while dealing with the subject.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – April 1, 2010

 

Country Name

Previous Rating

(31.12.2009)

Current Rating

(01.04.2010)

India

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. Jagdish Narain Dwivedi

Designation :

Key Person

Contact No.:

91-9415952851

Date :

24.05.2011

 

 

LOCATIONS

 

Registered Office :

Airport Chouraha, Fursatganj, Raebareilly – 229 302, Uttar Pradesh, India

Mobile No.:

91-9415952851 (Mr. Jagdish Narain Dwivedi)

Location :

Owned

 

 

MANAGEMENT

 

Name :

Mr. Dev Narain Mishra

Designation :

President

Address :

Kotwarmau, Raebareilly, Uttar Pradesh, India

Date of Birth/Age :

05.01.1949

Qualification :

Graduate

Experience :

25 Years

Occupation :

Head Master in Primary school

 

 

Name :

Mr. Siddhanath Dwivedi

Designation :

Vice-President

Address :

Village Bhukwa Gaon, PO Teesa, Khanpur, Raebareilly, Uttar Pradesh, India

Date of Birth/Age :

12.05.1952

Qualification :

Graduate

Experience :

25 Years

Occupation :

Retired from ITI presently agriculturist

 

 

Name :

Mrs. Indra Kumari

Designation :

Manager

Address :

Village Bhukwa Gaon, PO Teesa Khanpur, Raebareilly, Uttar Pradesh, India

Date of Birth/Age :

16.01.1976

Qualification :

Post Graduate

Experience :

10 Years

Occupation :

Service in Bal Vikas Project

PAN No.:

BLBPK4816K

 

 

Name :

Mr. Balbhadra Prasad Tiwari

Designation :

Fund Manager

Address :

VPO Nigohan, Raebareilly, Uttar Pradesh, India

Date of Birth/Age :

11.07.1949

Qualification :

Junior HS

Experience :

40 Years

Occupation :

Business

 

 

Name :

Ms. Harsh Bahadur Singh

Designation :

Adv Mantri

Address :

Near LIC Office, Jagdishpur, Sultanpur, Uttar Pradesh, India

Date of Birth/Age :

21.05.1976

Qualification :

Post Graduate

Experience :

35 Years

Occupation :

Retired teacher from Inter College

 

 

Name :

Mr. Ramakant Mishra 

Designation :

Auditor

Address :

Satya Nagar, Raebareilly, Uttar Pradesh, India

Date of Birth/Age :

30.04.1971

Qualification :

Graduate

Experience :

7 Years

Occupation :

BSNL Employee

 

 

Name :

Mr. Vijay Kumar Tiwari

Designation :

Member

Address :

Pure Tiwari, Rustampur, Raebareilly, Uttar Pradesh, India

Date of Birth/Age :

12.07.1965

Qualification :

Graduate

Experience :

12 Years

Occupation :

Service in Jal Nigam

 

 

Name :

Mr. Mahavir Prasad Shukla

Designation :

Member

Address :

Jalalpur, Baccharawan, Raebareilly, Uttar Pradesh, India

Date of Birth/Age :

08.07.1935

Qualification :

Graduate

Experience :

35 Years

Occupation :

Retired from Indian Railway

 

 

Name :

Mr. Pramod Kumar Shukla

Designation :

Member

Address :

Semrauta, Raebareilly, Uttar Pradesh, India

Date of Birth/Age :

15.06.1974

Qualification :

Graduate

Experience :

10 Years

Occupation :

Primary Teacher

 

 

Name :

Mr. Vinod Kumar Bajpai

Designation :

Member

Address :

B-328, Awas Vikas, Indira Nagar, Raebareilly, Uttar Pradesh, India

Date of Birth/Age :

18.04.1964

Qualification :

Graduate

Experience :

20 Years

Occupation :

Teacher in Raebareilly Polytechnic

 

 

Name :

Mr. Krishna Kumar Mishra

Designation :

Member

Address :

Jawahar Bihar Colony, Malikmau, Raebareilly, Uttar Pradesh, India

Date of Birth/Age :

21.07.1961

Qualification :

Graduate

Experience :

25 Years

Occupation :

Service in ITI

 

 

KEY EXECUTIVES

 

Name :

Mr. Jagdish Narain Dwivedi

Designation :

Key Person

Date of Birth/Age :

45 Years

 

 

BUSINESS DETAILS

 

Line of Business :

Educational Institute

 

 

Terms :

 

Selling :

* The firm receives payment made against tender or work contract after completion of work

 

 

Purchasing :

Cash

 

 

GENERAL INFORMATION

 

Customers :

Others (Students)

 

 

No. of Employees :

Approximately 13 (In Office)

 

 

Bankers :

v      Corporation Bank, Raebareilly, Uttar Pradesh, India

v      Punjab National Bank, Chauhan Market, Raebareilly, Uttar Pradesh, India

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Chandra and Associates

Chartered Accountants

Address :

Hotel Preet, Station Road, Raebareilly, Uttar Pradesh, India

Tel. No.:

91-535-2211014

E-Mail :

ca_santanisushilkumar@rediffmail.com

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Available

Borrowed :

Not Available

Total :

Not Available

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

NEW INSTITUTE:

 

As said above the society will be engaged in educational activity provides educational to degree level students initially college has been granted to run BA classes subsequently other streams will be applied.

 

The firm has expected to register 420 students DY 11-12 with receipts of Rs.1.512 millions and 840 students in 12-13 with receipts of Rs.3.213 millions further as the strength will increase income will increase. 

 

The above information has been parted by Mr. Jagdish Narain Dwivedi (Key Person).

 

LOCAL AGENCY FURTHER INFORMATION

 

ABRIDGED BALANCE SHEET (PROJECTED)

(Rs. in millions)

SOURCES OF FUNDS

 

 

31.03.2013

31.03.2012

SHAREHOLDERS FUNDS

 

 

 

1] Society Capital

 

2.000

2.000

2] Share Application Money

 

0.000

0.000

3] Reserves & Surplus

 

1.457

0.033

4] (Accumulated Losses)

 

0.000

0.000

NETWORTH

 

3.457

2.033

LOAN FUNDS

 

 

 

1] Secured Loans

 

3.571

4.286

2] Unsecured Loans

 

0.774

0.774

TOTAL BORROWING

 

4.345

5.060

DEFERRED TAX LIABILITIES

 

0.000

0.000

 

 

 

 

TOTAL

 

7.802

7.093

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

7.297

7.082

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
 

0.026

0.024

 

Cash & Bank Balances
 

0.562

0.059

 

Other Current Assets
 

0.000

0.000

 

Loans & Advances
 

0.000

0.000

Total Current Assets
 

0.588

0.083

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
 

0.000

0.000

 

Other Current Liabilities
 

0.000

0.000

 

Provisions
 

0.083

0.072

Total Current Liabilities
 

0.083

0.072

Net Current Assets
 

0.505

0.011

 

 

 

 

MISCELLANEOUS EXPENSES

 

0.000

0.000

 

 

 

 

TOTAL

 

7.802

7.093

 

PROFIT & LOSS ACCOUNT (PROJECTED)

(Rs. in millions)

 

PARTICULARS

 

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

 

3.213

1.512

 

 

Other Income

 

0.000

0.000

 

 

TOTAL                                     (A)

 

3.213

1.512

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Administrative Expenses

 

0.534

0.479

 

 

TOTAL                                     (B)

 

0.534

0.479

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

 

2.679

1.033

 

 

 

 

 

Less

INTEREST                                                         (D)

 

0.514

0.600

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

 

2.165

0.433

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

0.385

0.392

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

 

1.780

0.041

 

 

 

 

 

Less

TAX                                                                  (H)

 

0.356

0.008

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

 

1.424

0.033

 

KEY RATIOS

 

PARTICULARS

 

 

 

31.03.2013

31.03.2012

PAT / Total Income

(%)
 

44.32

2.18

 

 
 

 

 

Net Profit Margin

(PBT/Sales)

(%)
 

55.40

2.71

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
 

22.57

0.57

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
 

0.51

0.02

 

 
 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 
 

1.28

2.52

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
 

7.08

1.15

 

­__________________________________________________________________________________________

 

INTRODUCTION:

 

Educational institutions have undergone several changes in their structure as well as the goal ahead. A structural transformation is taking place, from the institution producing ‘babus’ in the British rule to the institutions producing computer professionals, doctors, engineers, etc. presently. School is the foremost step to reach the peak. The classification of school and those attending them has undergone several changes; schools with a few exceptions are no longer ‘all- age’ schools.

 

The classification of school is possible on many grounds viz, rural-urban, ownership (privately owned or controller by local authorities); primary, middle or higher; for a specific age-group; sex (for boys or girls), etc.

 

ABOUT THE PROPOSED UNIT PROMOTERS:

 

Shree Uma Maheshwar Vidalaya governing by Shree Uma Maheshwar Jan Sewa Sansthan, a society registered under the Society Registration Act, 1860 and its licence no. is 621-2007-2008 dated 06/06/2007 having its registered office at VPO Kotwar Mau Tehsil Tiloi District.

 

The society has lots of objects but main object according to its By-laws “to run the educational institute to impart the education to boys and girls or to do such other activity as time to time decided by board members.

 

LOCATION:

 

The Proposed project of’ educational institute is being set up at Airport Chouraha, Raebareilly, the Proposed Project is situated Just 15 kms from the main city and it is adjacent to “Footwear Design and Development technology” so called FDDI in addition airport is also situated over there and surroundings is purely commercial based.

 

The proposed project will have all amenities like Power, Transport etc. are easily available, Fursatganj and surrounding area is a residential as well as commercial area students have to go far away from the locality of proposed project, no with the setting up this project the gap in demand and supply ill meet out and project will be highly beneficial.

 

LAND:

 

Land of Proposed project of educational institute standing in the name of Shree Uma Maheshwar Mahavidyalaya though its manager Smt Indra Kumari w/o Dr. Jagdish Narain Dwivedi, total area of land is sufficient for proposed Project and the said land has been mutated in the name of college and it is converted U/s 143 as non agricultural and free from all Charges / Mortgage.

 

BUILDING:

 

The Proposed project of educational institute will be constructed under the supervision of qualified Architect as per the map approved, the cost estimates assessed by OAK architects and consultants, the total cost assessed to Rs 6.501 millions towards civil work.

 

POWER REQUIREMENT:

 

The Power requirement for the proposed educational institute is envisaged 32 HP will be provided by Uttar Pradesh Power Corporation Limited and Provision for DG set with a capacity of 32 KVA will also be made.

 

WATER:

 

Party has installed own tube well from which they are fulfilling water requirement for construction work. Hence water arrangement is satisfactory for fulfilling the requirement of water for drinking and other propose.

 

Staff and Faculty

 

All the staff Principal, lecturers, sports in-charge etc as elaborated below are easily and locally available in the area. The society has proposed to maintain the following staff and labour strength at the unit.

 

Particulars

Number

Principal

1

Lecturers

7

Sports In-charge

1

Accountant/ Clerk Typist

1

Store Keeper

1

Peon, Watchmen, Mali

2

Total

13

 

INSTALLED CAPACITY AND UTILISATION:

 

Installed capacity and Capacity utilization of the project will be as under:

 

COURSE PARTICULARS

 

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

No. of Students

 

 

 

 

 

 

B.A.-I

420

420

420

420

420

420

B.A.-II

0

420

420

420

420

420

B.A.-III

0

0

420

420

420

420

 

 

 

 

 

 

 

TOTAL

420

840

1260

1260

1260

1260

 

ABOUT THE WORKING OF PROJECT:

 

The Proposed project of educational institute services to impart educational services to boys and girls at graduate level in the area of arts in seven different subjects “Hindi literature, English literature, Sanskrit, Education Science, Politics, Social Science, Home Science, each subject will have 60 seats thus total availability will be 420 seats during first year after that students in Rotations will increase the occupancy and accordingly income will be increased.

 

The special advantage which the project enjoys is the easy access to the market and availability of volume of students as the project to be setting up in the residential as well as commercial area of the city, promoters are well experienced and the will be handled this project smoothly.

 

MARKETING:

 

As for as educational institute is concerned, there are no saleable items there is only imparting the education. In spite of increasing educational institute the total available units is still lower in the districts as compared to the demand, since the project is being setting up the heart of the District hence there is no need of marketing only basic marketing is desired which will be done through advertisement.

 

TRANSPORTATION:

 

All type of transport facilities are easily available in the nearby areas and no problem is envisaged.

 

COMMENCEMENT OF BUSINESS:

 

Land is owned by the college through its Manager, the Construction of building is being started, now with financial assistance from financial institution building and erection of equipments shall be completed by the end of June 2011, and the project will commence so commercial activities from July, 2011.

 

Industry scenario:

 

Government is trying hard to provide education to every child, for this government is spending lot of money on various educational programs. Government has set a target of increasing expenditure on education from present 3.6 percent of GDP to over 9 percent by 2010.

 

ASSUMPTIONS:

 

The following assumptions has been taken while preparation of project report:-

 

I. The capacity of project will he as under:-

 

COURSE PARTICULARS

 

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

No. of Students

 

 

 

 

 

 

B.A.-I

420

420

420

420

420

420

B.A.-II

0

420

420

420

420

420

B.A.-III

0

0

420

420

420

420

 

 

 

 

 

 

 

TOTAL

420

840

1260

1260

1260

1260

 

2. Since the rate of degree collage fee is governed by state government which is at present around 6000/- per student but society has decided to fix the fee Rs.4500 of each student considered on normal market without anticipation in future increase in charges.

 

3. A reasonable level fixed expenses and variable expenses have been considered in the case of expenditures.

 

4. Depreciation has been charged in accordance with income tax act, 1961 and it has been charged on WDV basis.

 

5 Rate of bank term loan is taken @ 12% on tern loan.

 

6. Gestation period has been taken 9 months.

 

7. The concern will appoint well experienced faculty to run the project smoothly and to manage day to day affairs of unit related operation, accounting process and other miscellaneous task, it is to be noted that to make the project feasible it is necessary to appoint well experienced persons.

­__________________________________________________________________________________________

 

CRUX INFORMATION

 

Name of Project: Shree Uma Maheshwar Mahavidyalaya (Governing Body, Shree Uma Maheshwar Jan Sewa Sansthan)

 

Type of Project: SCHOOL PROJECT

 

Constitution: A Society Registered under the Societies Registration Act, 1860

 

Location of the Project: Airport Chauraha, Raebareilly

 

Registered Office: Village and Post Kotwar Mau, Tehsil Tiloi, District Raebareilly

 

Main Object: To establish the degree college for B.A. imparting education to Boys and Girls.

 

Name of manager: Mrs. Indra Kumari w/o Jagdish Narain Dwivedi

 

Total Cost of Project:

 

Rs.7.474 millions

 

 

 

Financial Assistance seeking:

Term Loan for Construction of School Building

Rs.4.800 millions

 

Term Loan from Bank for other assets

Rs.0.200 million

 

 

 

Total Fund Based Exposure:

 

Rs.5.000 millions

 

 Total Investment Required and Means of Financing:

 

Capital cost of Project

Particulars

Amount

(Rs. in millions)

 

Cost of Land

0.503

 

School Building

6.501

 

Computer, Printer, Phone and Fax etc.

0.050

 

Water Boring, Furniture, Fixtures etc.

0.200

 

Other Fixed Assets (D.G. Set etc.)

0.120

 

Interest during Pre-construction period

0.100

 

 

 

 

Total

7.474

 

 

Means of Finance

Particulars

Amount

(Rs. in millions)

 

Society Contribution

2.000

 

Unsecured Loans

0.474

 

Term Loan from Bank for Building

4.800

 

Term Loan from Bank for Other Assets

0.200

 

 

 

 

Total

7.474

­

__________________________________________________________________________________________

 

PROJECTED BALANCESHEET

(Rs. in millions)

PARTICULARS

 

2010-11

2011-12

2012-13

2013-14

2014-15

2015-16

LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL & RESERVES

 

 

 

 

 

 

Society Capital Funds

2.000

2.000

2.000

2.000

2.000

2.000

 

 

 

 

 

 

 

Reserves and Surplus

--

0.033

1.457

4.413

7.624

11.121

 

 

 

 

 

 

 

SECURED LOAN FROM BANK

 

 

 

 

 

 

Term Loan from Bank

5.000

4.286

3.571

2.857

2.143

1.429

 

 

 

 

 

 

 

Unsecured Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

From Members, Friends etc.

0.474

0.774

0.774

0.774

0.774

0.774

 

 

 

 

 

 

 

CURRENT LIABILITIES & PROVISIONS

 

 

 

 

 

 

Expenses Payable

0.030

0.072

0.084

0.096

0.106

0.116

 

 

 

 

 

 

 

Total

7.504

7.165

7.886

10.140

12.646

15.440

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Block

7.474

7.474

8.074

8.874

9.674

10.924

Less: Accumulated Depreciation

--

0.392

0.777

1.174

1.588

1.979

 

 

 

 

 

 

 

Net Block

7.474

7.082

7.297

7.700

8.086

8.945

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASETS, LOAN & ADVANCES

 

 

 

 

 

 

Receivables & Advances

--

0.024

0.026

0.029

0.032

0.035

 

 

 

 

 

 

 

Cash & Cash Equivalent

0.030

0.059

0.562

2.411

4.528

6.459

 

 

 

 

 

 

 

 

7.504

7.165

7.886

10.140

12.646

15.440

 

­__________________________________________________________________________________________

 

PROJECTED CASH FLOW STATEMENTS

(Rs. in millions)

PARTICULARS

 

2010-11

2011-12

2012-13

2013-14

2014-15

2015-16

SOURCES OF FUNDS

 

 

 

 

 

 

 

 

 

 

 

 

 

Society Capital

2.000

--

--

--

--

--

 

 

 

 

 

 

 

Profit before tax

--

0.041

1.780

3.695

4.014

4.372

 

 

 

 

 

 

 

Depreciation

--

0.392

0.385

0.397

0.414

0.391

 

 

 

 

 

 

 

Increase in Term Loan

5.000

--

--

--

--

--

 

 

 

 

 

 

 

Increase in Unsecured Loan

0.474

0.300

--

--

--

--

 

 

 

 

 

 

 

Increase in Expenses Payable

0.030

0.042

0.012

0.012

0.010

0.011

 

 

 

 

 

 

 

TOTAL

7.504

0.775

2.176

4.104

4.437

4.773

 

 

 

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditure

7.474

--

0.600

0.800

0.800

1.250

 

 

 

 

 

 

 

Increase in Receivables

--

0.024

0.002

0.003

0.003

0.003

 

 

 

 

 

 

 

Repayment of Term Loan

--

0.714

0.714

0.714

0.714

0.714

 

 

 

 

 

 

 

Payment of Taxes

--

0.008

0.356

0.739

0.803

0.874

 

 

 

 

 

 

 

TOTAL

7.474

0.746

1.673

2.256

2.320

2.842

 

 

 

 

 

 

 

Opening Cash & Cash Equivalents

--

0.030

0.059

0.562

2.411

4.528

 

 

 

 

 

 

 

Add: Surplus

0.030

0.029

0.504

1.849

2.117

1.931

 

 

 

 

 

 

 

Closing Cash & Cash Equivalents

0.030

0.059

0.562

2.411

4.528

6.459

 

Note:

It has been presumed that the surplus fund shall be invested in Building, Furniture and Fixtures also can be used for Repayment of Unsecured Loans from Friends and Relatives.

­__________________________________________________________________________________________

 

PROJECTED PROFITABILITY STATEMENT

(Rs. in millions)

PARTICULARS

 

2011-12

2012-13

2013-14

2014-15

2015-16

Capacity Utilisation

80%

85%

90%

95%

100%

 

 

 

 

 

 

(A) Incomes

 

 

 

 

 

Gross Fees

1.512

3.213

5.103

5.387

5.670

 

 

 

 

 

 

Total

1.512

3.213

5.103

5.387

5.670

 

 

 

 

 

 

(B) Expenditure

 

 

 

 

 

Salary

0.370

0.393

0.416

0.439

0.462

Advertisement Expenses

0.012

0.018

0.027

0.029

0.030

Electricity Charges

0.018

0.036

0.045

0.048

0.050

Annual Function

0.015

0.016

0.017

0.018

0.019

Games Expenses

0.010

0.011

0.011

0.012

0.013

Office Expenses

0.015

0.016

0.017

0.018

0.019

News Papers & Periodicals

0.005

0.005

0.006

0.006

0.006

Postage & Telegrams

0.002

0.002

0.002

0.002

0.003

Printing & Stationery

0.003

0.004

0.004

0.004

0.004

Repair & Maintenance

0.010

0.012

0.013

0.014

0.015

Depreciation

0.392

0.385

0.397

0.414

0.391

Staff Welfare

0.006

0.008

0.009

0.009

0.010

Telephone Expenses

0.003

0.003

0.004

0.004

0.004

Traveling & Conveyance

0.010

0.011

0.012

0.013

0.015

 

 

 

 

 

 

Total

0.871

0.919

0.979

1.030

1.041

 

 

 

 

 

 

(C) Gross Profit (A-B)

0.641

2.294

4.124

4.356

4.629

(D) Interest on

 

 

 

 

 

- Term Loan

0.600

0.514

0.429

0.343

0.257

 

 

 

 

 

 

(E) Profit Before Tax

0.041

1.780

3.695

4.014

4.372

 

 

 

 

 

 

(F) Provision for Tax

0.008

0.356

0.739

0.803

0.874

 

 

 

 

 

 

(G) Net Profit after tax

0.033

1.424

2.956

3.211

3.498

 

 

 

 

 

 

(H) Depreciation Added Back

0.392

0.385

0.397

0.414

0.391

 

 

 

 

 

 

(I) Net Cash Accruals

0.425

1.808

3.353

3.625

3.888

 

­__________________________________________________________________________________________

 

DEBT SERVICE COVERAGE RATIO

(Rs. in millions)

PARTICULARS

 

2011-12

2012-13

2013-14

2014-15

2015-16

Net profit after tax

0.033

1.424

2.956

3.211

3.498

 

 

 

 

 

 

Depreciation 

0.392

0.385

0.397

0.414

0.391

 

 

 

 

 

 

Cash accrual

0.425

1.808

3.353

3.625

3.888

 

 

 

 

 

 

Add Interest on TL

0.600

0.514

0.429

0.343

0.257

 

 

 

 

 

 

Total (A)

1.025

2.323

3.782

3.968

4.145

 

 

 

 

 

 

Long Term Debt

 

 

 

 

 

 

 

 

 

 

 

Repayment of T/L Installment

0.714

0.714

0.714

0.714

0.714

 

 

 

 

 

 

Interest on TL

0.600

0.514

0.429

0.343

0.257

 

 

 

 

 

 

Total (B)

1.314

1.229

1.143

1.057

0.971

 

 

 

 

 

 

DSCR

0.78

1.89

3.31

3.75

4.27

 

 

 

 

 

 

Average

 

 

3.45

 

 

 

 

 

 

 

 

Benchmark of Average DSCR

 

 

1.75

 

 

 

­__________________________________________________________________________________________

 

COMPUTATION OF BREAK EVEN POINT

 

Formula = Fixed costs*No. of Students

            Sales – Variable Costs

(Rs. in millions)

PARTICULARS

 

2011-12

2012-13

2013-14

2014-15

2015-16

No. of Students

420

840

1260

1260

1260

 

 

 

 

 

 

(A) Fixed Cost

 

 

 

 

 

Interest on Term Loan

0.600

0.514

0.429

0.343

0.257

Depreciation

0.392

0.385

0.397

0.414

0.391

Salary

0.277

0.295

0.312

0.329

0.347

Advertisement Expenses

0.009

0.014

0.020

0.021

0.023

Electricity Charges

0.014

0.027

0.034

0.036

0.038

Annual Function

0.011

0.012

0.013

0.013

0.014

Games Expenses

0.008

0.008

0.008

0.009

0.009

Office Expenses

0.011

0.012

0.013

0.013

0.014

News Papers & Periodicals

0.004

0.004

0.004

0.004

0.005

Postage & Telegrams

0.002

0.002

0.002

0.002

0.002

Printing & Stationery

0.002

0.003

0.003

0.003

0.003

Repair & Maintenance

0.008

0.009

0.009

0.010

0.011

Staff Welfare

0.005

0.006

0.006

0.007

0.008

Telephone Expenses

0.002

0.002

0.003

0.003

0.003

Traveling & Conveyance

0.008

0.008

0.009

0.010

0.011

 

 

 

 

 

 

TOTAL

1.351

1.300

1.262

1.219

1.136

 

 

 

 

 

 

(B) INCOMES

1.512

3.213

5.103

5.387

5.670

 

 

 

 

 

 

(C) VARIABLE COST

 

 

 

 

 

Salary

0.092

0.098

0.104

0.110

0.116

Advertisement Expenses

0.003

0.005

0.007

0.007

0.008

Electricity Charges

0.005

0.009

0.011

0.012

0.013

Annual Function

0.004

0.004

0.004

0.004

0.005

Games Expenses

0.003

0.003

0.003

0.003

0.003

Office Expenses

0.004

0.004

0.004

0.004

0.005

News Papers & Periodicals

0.001

0.001

0.001

0.001

0.002

Postage & Telegrams

0.001

0.001

0.001

0.001

0.001

Printing & Stationery

0.001

0.001

0.001

0.001

0.001

Repair & Maintenance

0.003

0.003

0.003

0.003

0.004

Staff Welfare

0.002

0.002

0.002

0.002

0.003

Telephone Expenses

0.001

0.001

0.001

0.001

0.001

Traveling & Conveyance

0.003

0.003

0.003

0.003

0.004

 

 

 

 

 

 

TOTAL

0.120

0.134

0.145

0.154

0.163

 

 

 

 

 

 

(D) Contribution (B-C)

1.392

3.079

4.958

5.233

5.507

 

 

 

 

 

 

(E) Break even Point

(No. of Students)

407.63

354.50

320.86

293.51

259.79

Say

408.00

355.00

321.00

294.00

260.00

 

Note:

75% of General and administrative expenses are considered as fixed and 25% as variable at Different capacity utilization.

­__________________________________________________________________________________________

 

DETAILS OF FIXED ASSETS:

 

 

Rs. in millions

Land & Buildings

7.004

 

 

Plant & Machinery

0.050

 

 

Furniture & Fixture

0.200

 

 

Other Assets

0.220

 

­__________________________________________________________________________________________

 

PERSONAL ASSETS OF THE PROPRIETOR/ PARTNERS/ DIRECTORS:

 

Name

Description of the Assets owned by them

Amount

(Rs. in millions)

Whether offered as Security

1. Mrs. Indra Kumari

1. freehold land 1.50 biswa at Raebareilly

1.000

No

 

 

 

 

2. Jagdish Narain Dwivedi

2. Agriculture land at Raebareilly

0.800

No

 

­__________________________________________________________________________________________

 

FINANCIAL ANALYSIS:

 

Last available financial statement

(Year ended dd/mm/yyyy)

Projected Financial Statements available

 

 

Drawing Power

100%

 

 

Any other material development

No

 

 

Whether the critical ratios conforms to the bench mark stipulation

 

Actual

Benchmark

Current Ratio

7.01

1.25

Debt-Equity Ratio

1.26

2.00:1

DSCR

3.45

1.50

TOL / TNW

1.28

4:1

Promoter’s Contribution

33%

25%

 

­__________________________________________________________________________________________

 

FOR MANUFACTURING ENTITIES / FACTORY SITE (S):

 

Location of Plot, accessibility, proximity to other units

Yes easy accessible

 

 

Workers / Split of temporary and permanent / any unions

Permanent and Temporary basis

 

­__________________________________________________________________________________________

 

SWOT ANALYSIS OF THE UNIT

 

STRENGTHS

 

The location advantage of the proposed school is good.

 

The promoter has good experience in educational line as they already in this profession.

WEAKNESS

 

No weakness as highly demandable area 

 

 

OPPORTUNITIES

 

Good opportunity because scope and requirement is too good. 

THREATS

 

No major threat involved in the proposal except availability of good teaching faculty.

 

­__________________________________________________________________________________________

 

CONCLUDING REMARKS / SUMMARY OF FINDINGS:

 

Sl No.

Summary of Findings

 

The proposed college will be one of the good educational institute in the district in the line of degree college as the Promoter Mr. J.N. Dwivedi already a principal in the degree college and he is managing all the activity thus he know very well how to run the college.

 

­__________________________________________________________________________________________

 

NETWORTH STATEMENT

 

STATEMENT OF ASSETS AND LIABILITIES AS ON 31.03.2011

 

BORROWER – SHREE UMA MAHESHWAR MAHAVIDYALAYA

 

1. Name of Borrowing Unit: Shree Uma Maheshwar Mahavidyalaya

 

2. Full Name of Person whose details are being given: College itself

 

3. Relationship with the unit (Partner, director, guarantor etc.): NA

 

4. Date of Birth: 2010

 

5. Occupation: Educational Institute

 

6. Office Address with contact no’s: Airport Chouraha, Fursatganj, Raebareilly

Mobile No.: 91-9415952851

 

7. Residential Address with contact no’s: Airport Chouraha, Fursatganj, Raebareilly

Mobile No.: 91-9415952851

 

8. Movable Assets

 

Particular

Value

(Rs. in millions)

Investment in business

--

Deposits

--

Vehicle

--

NSC/ GOI Bond etc.

--

Life Insurance Policy

--

Others – Cash and Bank

0.800

Total

0.800

 

9. Immovable Assets

 

 

Address

Value

(Rs. in millions)

Land/ Building

Plot No. 1ka, Ikha and 37m at Village Kishunpur, Kewai, Airport Chauraha, Raebareilly

8.500

Plant and Machinery

--

--

Others

--

--

Total

 

8.500

 

10. Loans / Liabilities

 

Institution

Purpose

Loan Amount (O/S)

Irregular Amount if any

Repayment terms

 

 

NIL

 

 

 

 

 

 

 

 

Net Worth: Rs.9.300 millions

­__________________________________________________________________________________________

 

NETWORTH STATEMENT

 

STATEMENT OF ASSETS AND LIABILITIES AS ON 31.03.2011

 

GUARANTOR – MR. JAGDISH NARAIN DWIVEDI

 

1. Name of Borrowing Unit: Shree Uma Maheshwar Mahavidyalaya

 

2. Full Name of Person whose details are being given: Jagdish Narain Dwivedi

 

3. Relationship with the unit (Partner, director, guarantor etc.): Guarantor

 

4. Date of Birth/ Age: 45 Years

 

5. Occupation: Service  

 

6. Office Address with contact no’s: Airport Chouraha, Fursatganj, Raebareilly

Mobile No.: 91-9415952851

 

7. Residential Address with contact no’s: Airport Chouraha, Fursatganj, Raebareilly

Mobile No.: 91-9415952851

 

8. Movable Assets

 

Particular

Value

(Rs. in millions)

Investment in business

--

Deposits

--

Vehicle

0.035

NSC/ GOI Bond etc. (KVP)

0.300

Life Insurance Policy

0.125

Others – Cash, Jwellery, Furnitures etc.

1.000

Total

1.460

 

9. Immovable Assets

 

 

Address

Value

(Rs. in millions)

Land/ Building

Agricultural property 4 bigha ar Raebareilly

0.800

Plant and Machinery

--

--

Others

--

--

Total

 

0.800

 

10. Loans / Liabilities

 

Institution

Purpose

Loan Amount (O/S)

Irregular Amount if any

Repayment terms

 

 

NIL

 

 

 

 

 

 

 

 

Net Worth: Rs.2.260 millions

­__________________________________________________________________________________________

 

NETWORTH STATEMENT

 

STATEMENT OF ASSETS AND LIABILITIES AS ON 31.03.2011

 

BORROWER – MRS. INDRA KUMARI (MANAGER)

 

1. Name of Borrowing Unit: Shree Uma Maheshwar Mahavidyalaya

 

2. Full Name of Person whose details are being given: Mrs. Indra Kumari  

 

3. Relationship with the unit (Partner, director, guarantor etc.): Manager  

 

4. Date of Birth: 16.01.1976

 

5. Occupation: Service  

 

6. Office Address with contact no’s: Airport Chouraha, Fursatganj, Raebareilly

Mobile No.: 91-9415952851

 

7. Residential Address with contact no’s: Airport Chouraha, Fursatganj, Raebareilly

Mobile No.: 91-9415952851

 

8. Movable Assets

 

Particular

Value

(Rs. in millions)

Investment in business

--

Deposits

--

Vehicle

--

NSC/ GOI Bond etc.

--

Life Insurance Policy

0.030

Others – Cash and Bank

0.410

Total

0.440

 

9. Immovable Assets

 

 

Address

Value

(Rs. in millions)

Land/ Building

Plot No.1128 at Raebareilly

1.000

Plant and Machinery

--

--

Others

--

--

Total

 

1.000

 

10. Loans / Liabilities

 

Institution

Purpose

Loan Amount (O/S)

Irregular Amount if any

Repayment terms

 

 

NA

 

 

 

 

 

 

 

 

Net Worth: Rs.1.440 millions

­__________________________________________________________________________________________

 

REPORT ON VALUATION OF IMMOVABLE PROPERTY

 

I. GENERAL INFORMATION:-

 

 

 

Name/s of reported owners

“Uma Maheshwari Mahavidyalaya, Kishanpur Kevai”.

Principal, Mrs. Indra Kumari; W/O Mr. Jagdish.

 

 

Address of the Property

 

Land Gata No. 37-Minj, Gata No.1-Ka and 1-Kha, Kishanpur Kevai, Rae Bareilly--Sultanpur Road, Rae-Bareilly.

 

 

Boundaries of the property:-

 

Direction

As Given in the Sale Deed

As Seen at the Site

North

Boundary Gram Jamalpur

Other’s vacant land; and then “F.F.D.I. College”, plus, “Indira Gandhi National Udyan Academy”, and then Rae-Bareli – Sultanpur Road.

South

Khet Ram Lal, Plus, remaining part of seller

Other’s vacant land.

East

Khet Maiku Pasi

Other’s vacant land.

West

Kishanpur-Kevai Link Road

Metalled Kishanpur-Kevai Link Road.

 

 

Property Tax Details

Not made available

 

 

Assuming the entire property is let out, the probable monthly rent and advance building rent

No construction so far.

 

 

Whether the building plan has been approved?

No construction so far

 

 

General Remarks :--

 

(i) The Land was shown by Mrs. Indra Kurnar. The land has temporary demarcations; and is presently in an under-developed area.

(ii)The land-use is “Non-Agricultural” as per Change of Land-use documents made available.

 

 

II. VALUATION DETAILS:

 

A. LAND

 

The total Plot Area (Extent):--

 

 

As given in Sale Deed

As measured at site

*Frontage-------

Not given

284-feet

*Depth-----------

Not given

367-feet

Total Area-------

8630 sq. m.

92858.80 sq. ft.

9686.6171 sq. m.

104228 sq. ft.

 

Hence, this report has taken cognizance of Lesser Plot Area i.e. 8630 sq. m. as per Sale Deed.

 

 

Description of the Land:

 

(a) Character of Locality

Mostly Agricultural

(b) Classification 

Semi-Urban

(c) Development of surrounding area

Under-Developed

(d) Is the locality subjected to frequent flooding

No such known data

(e) Feasibility of civic amenities like School, Hospital, Offices, Markets etc.

All in the main city

(f) Shape of Land

Regular shaped

(g) Type of use it can be put to

As per official Land use

(h) Any other restriction of usage

Nothing known so far

(i) Leasehold/Freehold

Reportedly Free-hold

(j) Road Facility

Satisfactory

(k) Is it a corner plot

No

(I) Water supply/potentiality

Satisfactory

(m) Under ground sewerage

Nil

(n) Any other sentimental/social issue which may affect the value

Nothing known so far

 

 

General Remarks

Under-Developed area

In accordance with Uttar Pradesh Government orders as applicable; last two and a half years’ escalations and the current developments of the area; the assessed fair market rate for this land is @ Rs.1.000 million Lac/Bigha.

 

 

Prevailing Unit market rate

Land @ Rs.1.000 million/Bigha

 

 

Unit rate adopted (Bulk Land Reduction Factor)

Land @ Rs.1.000 million/Bigha

 

 

Valuation of site/Land

Rs.3.411 millions only

 

 

B. BUILDING

 

No construction exists over this Land so far.

 

 

C. TOTAL VALUATION

 

1. Valuation of the Land

Rs.3.411 millions

2. Valuation of the Building

Nil

TOTAL

Rs.3.411 millions

Say Rs.3.400 millions only

 

SUMMARY:

 

*The Assessed Values of above property are:--

 

(A) Fair Market Value (i.e. Realizable Value--with ‘willing buyer’ and seller) of the above-mentioned property is:--Rs.3.400 millions only.

 

(B)) Forced Sale Value (i.e. Distress Sale Value) of the asset is assessed as almost 10% lesser than the assessed fair market value as above.

 

*The valuation varies with the purpose and this report refers to the property for “Non-Agricultural” purposes.

 

*The property was inspected and then valued on 29th March 2011 based on the documents and information produced. The property valued must be identified by the bank; and all contents of this report be cross-checked as deemed fit before undertaking financial commitment.

 

*The legal ownership/non-encumbrance of the property-as per the boundaries shown above--to be got checked separately through the legal adviser. The property has been valued on ‘as is where is’ basis. The legal aspects of the property were not considered in this valuation.

­__________________________________________________________________________________________

 

ABSTRACT OF COST

 

Abstract of cost for Proposed Ground Floor (Part) Degree Collage Building on Plot No.1 ka/0.146, 1 kh/0.211 and 37 min/1.012 for Shree Uma Maheshwer Maha Vidilaya “ Under the Management of “Uma Maheshwer Jan Seva Sansthan” situated at Village- Kishan Pur, Kevai (Airport Chauraha) Fursat Ganj, District - Rae Bareilly.

 

S.N.

Description of work

Quantity

Unit

Rate

Amount

(Rs. in millions)

1

Earth work in excavation in foundation trenches in ordinary soil with cutting of side etc.

458.50

cum

65/-

0.030

 

 

 

 

 

 

2

Earth filling by transported soil in foundation and under floor with watering ramming complete.

325.50

cum

166/-

0.054

 

 

 

 

 

 

3

Sand filling in foundation and under floor with all labour and material complete.

86.90

cum

350/-

0.030

 

 

 

 

 

 

4

Providing and laying of P.C.C. in foundation and under floor with 1:4:8 complete.

164.06

cum

2400/-

0.394

 

 

 

 

 

 

5

Providing had costing of R.C.C. work including all labour and material but excluding its reinforcement and shuttring.

321.00

cum

4250/-

1.364

 

 

 

 

 

 

6

First class brick work in foundation with 1:6 cement mortar complete.

158.70

cum

2850/-

0.452

 

 

 

 

 

 

7

Providing and fixing of Neem wood frame chaukhat for doors and windows complete.

4.50

cum

24000/-

0.108

 

 

 

 

 

 

8

First class brick work in super structure with 1:6 cement mortar complete.

210.85

cum

2850/-

0.601

 

 

 

 

 

 

9

Shuttring for R.C.C. work including rent of shuttring material complete.

1400.50

sqm

210/-

0.294

 

 

 

 

 

 

10

Providing and fixing of M.S. tor steel with bending, binding cutting arid fixing in proper position complete.

26.00

tons

38000/-

0.988

 

 

 

 

 

 

11

230 mm thick parapet all over top of roof with 1:6 cement mortar complete.

15.25

cum

3000/-

0.046

 

 

 

 

 

 

12

12 to 15 mm thick cement plaster over brick wall with 1:6 cement mortar complete.

2584.35

sqm

105/-

0.271

 

 

 

 

 

 

13

Providing and fixing of M.S. grill for windows and ventilators with primer coat and painting complete.

187.80

sqm

850/-

0.160

 

 

 

 

 

 

14

Providing and fixing of 35 mm thick shisham wood shutter for doors and windows with painting polishing complete.

105.00

sqm

2500/-

0.263

 

 

 

 

 

 

15

Providing and fixing of glass in windows with all fitting complete.

125.00

sqm

650/-

0.081

 

 

 

 

 

 

16

Providing and laying of Brick coba over top of roof with betumen painted @ 2.5 kg/sqm and pointed 1:2 cement mortar complete.

743.00

sqm

350/-

0.260

 

 

 

 

 

 

17

Applying two coat of snowcem painting in side and out side of building complete.

3200.00

sqm

45/-

0.144

 

 

 

 

 

 

18

Providing and fixing of C.I. rain water pipe with all fitting complete.

185.00

Rm.

350/-

0.065

 

 

 

 

 

 

 

Total

 

 

 

5.605

 

 

 

 

 

 

 

Add 16% for electrification, sanitation, water supply and rain water harvesting

 

 

 

0.896

 

 

 

 

 

 

 

Grand Total

 

 

 

6.501

 

Say

 

 

 

6.501

 

­__________________________________________________________________________________________

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.45.21

UK Pound

1

Rs.74.30

Euro

1

Rs.64.40

 

 

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

-

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.