MIRA
INFORM REPORT
|
Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHREE GANESH ENTERPRISES |
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Registered
Office : |
Near SKG School, Salhawas Road, Kosli, District Rewari – 123302,
Haryana |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
27.12.2010 |
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Capital
Investment / Paid-up Capital : |
Rs.0.898 Million |
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TIN No.: |
0622270871 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business
: |
Manufacturing of Mustard Oil and Cotton Seeds Oil. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new partnership concern establishing itself gradually.
Trade relations are reported as fair. Business is active. The valuation report
and networth statement provided seems to be satisfactory. Payment terms are
unknown. However, it would be take advisable 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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
Near SKG School, Salhawas Road, Kosli, District Rewari – 123302,
Haryana, India |
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Tel No.: |
Not Available |
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Mobile No.: |
91-9896334180 (Mr. Nitin Goyal) 91-9896922890 (Mr. Ashwani Garg) |
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Fax No.: |
Not Available |
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E-Mail : |
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Area : |
2300 sq. yard |
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Location : |
Owned |
PARTNERS
|
Name : |
Mr. Nitin Goyal |
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Designation : |
Partner |
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Address : |
VPO Salhawas Distt Jhajjar, India |
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Date of Birth/Age : |
27 years |
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Qualification : |
M. Com |
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Name : |
Mr. Ashwani Garg |
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Designation : |
Partner |
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Address : |
H. No.44/5, Hailymandi, Distt Gurgaon, Haryana, India |
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Date of Birth/Age : |
31 years |
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Qualification : |
BSC |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Mustard Oil and Cotton Seeds Oil. |
GENERAL INFORMATION
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No. of Employees : |
15 (Approximately) |
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Bankers : |
· Corporation Bank Kosil Branch, Haryana, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Sanjay and Anil Associates Chartered Accountant |
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Address : |
Gurgaon, Haryana, India |
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Associates/Subsidiaries : |
· Ganeshlal Murarilal · Agrawal Flour Mill · Ashwini Trading Company |
CAPITAL STRUCTURE
CAPITAL
ACCOUNT AS ON 31.03.2011
(RS.
IN MILLIONS)
|
Particulars |
Amount |
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Ashwani Garg
Capital A/c |
0.299 |
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Nitin Goyal
Capital A/c |
0.599 |
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TOTAL |
0.898 |
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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 |
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|
31.03.2011 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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|
0.898 |
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2] Share Application Money |
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|
0.000 |
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3] Reserves & Surplus |
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|
0.000 |
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4] (Accumulated Losses) |
|
|
0.000 |
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NETWORTH |
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|
0.898 |
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|
LOAN FUNDS |
|
|
|
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1] Secured Loans |
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|
0.000 |
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2] Unsecured Loans |
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|
2.486 |
|
|
TOTAL BORROWING |
|
|
2.486 |
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DEFERRED TAX LIABILITIES |
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|
0.000 |
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|
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TOTAL |
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|
3.384 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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|
2.985 |
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Capital work-in-progress |
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|
0.000 |
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INVESTMENT |
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|
0.000 |
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DEFERREX TAX ASSETS |
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|
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
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|
0.000 |
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Sundry Debtors |
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|
0.000 |
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Cash & Bank Balances |
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|
0.288 |
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Other Current Assets |
|
|
0.014 |
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Loans & Advances |
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|
0.132 |
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Total
Current Assets |
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|
0.434 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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|
|
|
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Sundry Creditor |
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|
0.035 |
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Other Current Liabilities |
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|
0.000 |
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|
Provisions |
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|
0.000 |
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Total
Current Liabilities |
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|
0.035 |
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Net Current Assets |
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|
0.399 |
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|
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MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
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TOTAL |
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3.384 |
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KEY RATIOS
|
PARTICULARS |
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|
31.03.2011 |
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Debt Equity Ratio (Total Liability/Networth) |
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|
2.81 |
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Current Ratio (Current Asset/Current Liability) |
|
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|
12.40 |
LOCAL AGENCY FURTHER INFORMATION
PROJECTED BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2013 |
31.03.2014 |
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|
(Projected) |
|||
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SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.000 |
2.500 |
3.300 |
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|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
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|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.000 |
2.500 |
3.300 |
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LOAN FUNDS |
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1] Secured Loans |
2.500 |
2.500 |
2.500 |
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2] Unsecured Loans |
2.500 |
2.500 |
2.500 |
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TOTAL BORROWING |
5.000 |
5.000 |
5.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
7.000 |
7.500 |
8.300 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.550 |
2.167 |
1.842 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
4.000
|
5.000 |
5.500 |
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Sundry Debtors |
1.000
|
1.350 |
1.800 |
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Cash & Bank Balances |
0.550
|
0.333 |
0.458 |
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Other Current Assets |
0.500
|
0.550 |
0.700 |
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Loans & Advances |
0.000
|
0.000 |
0.000 |
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Total
Current Assets |
6.050
|
7.233 |
8.458 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
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Sundry Creditor |
1.500
|
1.800 |
1.800 |
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Other Current Liabilities and Provisions |
0.100
|
0.100 |
0.200 |
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Total
Current Liabilities |
1.600
|
1.900 |
2.000 |
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Net Current Assets |
4.450
|
5.333 |
6.458 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
7.000 |
7.500 |
8.300 |
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PROJECTED PROFIT & LOSS
ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
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(Projected) |
|||
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SALES |
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Income (Sales) |
20.000 |
25.000 |
32.500 |
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Other Income |
0.000 |
0.000 |
0.000 |
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TOTAL |
20.000 |
25.000 |
32.500 |
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|
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Less |
EXPENSES |
|
|
|
|
|
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|
Cost of Goods Sold |
16.700 |
21.200 |
28.000 |
|
|
|
Misc. Expenses |
0.100 |
0.150 |
0.200 |
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|
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Electricity Expenses |
0.750 |
0.800 |
1.000 |
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Factory Expenses |
0.200 |
0.250 |
0.300 |
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Generator Expenses |
0.100 |
0.150 |
0.200 |
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Salary and Wages |
0.600 |
0.650 |
0.750 |
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Staff Welfare |
0.030 |
0.050 |
0.075 |
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Telephone Expenses |
0.025 |
0.040 |
0.050 |
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Other Expenses |
0.425 |
0.473 |
0.465 |
|
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TOTAL |
18.930 |
23.763 |
31.040 |
|
|
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|
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.070 |
1.237 |
1.460 |
|
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Less/ Add |
DEPRECIATION/
AMORTISATION |
0.450 |
0.383 |
0.325 |
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NET PROFIT |
0.620 |
0.854 |
1.135 |
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------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
(NET WORTH STATEMENT)
(RS. IN MILLIONS)
|
Particulars |
Mr.
Ashwani Garg |
Mr.
Nitin Goyal |
Mr.
Muni Lal |
|
ASSETS |
|
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Immovable Property |
-- |
-- |
34.000 |
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Investment in Business Capital |
0.600 |
0.600 |
1.900 |
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Deposit Held with Banks/ Companies/ Other Lender etc. |
0.025 |
0.020 |
0.010 |
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|
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Government Securities/ NSC/ NSS etc. |
-- |
0.090 |
-- |
|
|
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Life Insurance Policies |
0.060 |
0.028 |
0.015 |
|
|
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|
Vehicles Owned |
0.625 |
0.040 |
-- |
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|
|
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|
Other Assets |
0.890 |
0.150 |
0.070 |
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|
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Total Assets |
Rs.2.200
Millions |
Rs.0.928
Million |
Rs.35.995 |
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|||
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LIABILITIES |
|
|
|
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Bank/ Financial Institutions and Other Borrowings |
0.450 |
-- |
0.008 |
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Total Liabilities |
Rs.0.450
Million |
-- |
Rs.0.008
Million |
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|||
|
NET WORTH |
Rs.1.750
Millions |
Rs.0.928
Million |
Rs.35.987
Millions |
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WORKING
CAPITAL
|
Name of the Bank |
Bal. as on 26.07.2011 |
Proposed |
|
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Fund Based |
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CC (CSLPS) |
NIL |
25.00 |
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Grand Total |
|
25.00 |
PRIMARY SECURITIES
|
Particulars |
Amount |
|
|
|
|
Hypothecation of Stock |
Rs.4.000 Millions |
|
Plant and Machinery |
Rs.2.500 Millions |
|
Book Debts |
Rs.1.000 Millions |
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|
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Total |
Rs.7.500
Millions |
COLLATERAL SECURITIES
EMG of Land and Building in the
name of Mr. Muni Lal (Father of one partner of the firm Mr. Ashwani Garg) :-
(1)
1/3rd of 10k-15m (2180 Sq Yards) situated
at Main Salhawas Road, Near Dhaniya Miner, Railway Station, Kosli-123302 (Value
Rs.25.000 Millions)
(2)
100 Sq Yards plot with building situated
at Main Salhawas Road, Opposite Cinema Hall, Railway Station, Kosli-123302
(Value 3.500 Millions)
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IMPORTANT
FINANCIAL, OPERATIONAL INDICATORS AND VALUE OF THE ACCOUNT:
|
Year |
31.3.12 |
31.3.13 |
Variation from previous
year (%) |
|
|
(Provisional) |
(Projected) |
|
|
Net Sales |
20.000 |
25.000 |
25.00% |
|
Gross Profit |
3.300 |
3.800 |
15.15 % |
|
Net profit after tax |
0.620 |
0.853 |
37.58% |
|
Raw Materials |
-- |
-- |
-- |
|
Consumables |
-- |
-- |
-- |
|
Stock in process |
-- |
-- |
-- |
|
Finished goods |
4.000 |
5.000 |
25.00% |
|
Debtors |
1.000 |
1.350 |
35.00% |
|
Other current assets |
1.050 |
0.882 |
-16.00% |
|
Creditors |
1.600 |
1.900 |
18.75% |
|
Bank Finance |
2.500 |
2.500 |
-- |
|
Unsecured loans |
2.500 |
2.500 |
-- |
------------------------------------------------------------------------------------------------------------------------------
BACKGROUND-BRIEF HISTORY OF THE
FIRM:-
Subject is
partnership firm started in the year 2010 and engaged in Manufacturing of
Mustard Oil and Cotton Seeds Oil. The said firm is running and managing by two
partners Mr. Ashwani Garg and Mr. Nitin Goyal who have rich experience in this
field. Mr. Ashwani Garg, who is son of Mr. Muni Lal is a prop of M/s
Ganeshi Lal Murari Lal, is involve in trading in cattle feed, food grain,
cotton seeds and mustard for last couple of years and said firm is running in
this area since 1946 with good ruputation. Mr. Niting Goyal, who is son
of Mr. Naresh Goyal is a prop of M/s Aggarwal Flour Mill, is involve in
processing of Flour and Mustard oil since his childhood with his father and the
said firm is running in Heli Mandi, Pataudi, Distt Gurgaon.
At present
the party is operating a current account (CBCA 54) with Dr Summation of
Rs.6.628 Millions since 30.12.2010.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
GENERAL INFORMATION
|
Name of the party purchaser and address (With Doors No. and Survey No.) |
M/S Shree Ganesh Enterprises, Add: Sahlawas Road Near Dhaniya Minor, Kosli, Distt. Rewari |
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Name/s of the reported owner! Name/s of persons; in hose name/s the property registered and address: |
Mr. Munni Lal S/o Mr. Murari Lal R/o Near Railway Station, Vill. Kosli, Disti. Rewari |
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It the property is under joint ownership / Individual |
Sole Ownership Vide Sale Deed No.834 Dated 15.11.1996 |
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Purpose of Valuation |
Fair Market Value |
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List fl Documents produced for perusal |
Sale Deed and Layout |
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Date of Inspection |
03.08.2011 |
|
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Date of Valuation |
08.08.2011 |
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Approximate distance from the branch to the property |
0.7 Km |
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Situation /Location / Brief Description of the land/ site and brief description of the building |
Factory Building (Single Storey) This Factory Building is situated at a distance of 60’ away form Dhaniya Minor on Main Kosli – Sahlawas Road toards Sahlawas side and its back wall is common wall with S.K.G. School at Mouja Village Kosli Tec. Kosli, District Rewari. |
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Boundaries of the Property |
East : S.K.G. School West : Main Sahlawas Road North : Gher of Rao South : Property of Mr. Suraj Bhan |
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Assuming the en tire property is let out, the probable monthly rent and advance building rent |
Rs,1,00,000/- annually |
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Whether the building plan has been approved |
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· If yes date of approval, approving authority and whether the building has been constructed as per the approved plan. |
Yes, as approved from Panchayat |
|
· If No, the reason for Non-approval |
Owner to provide |
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|
VALUATION
DETAILS LAND |
|
|
The Total Area (Extent) of the site/ Land |
Irregular in shape (by Trapezoidal method) Area =/(S-A) x (S-B) x (S-C) x (S-D) S = (A+B+C+D)/ 2 = (46’+ 110’+255’+265’)/2 =338’ / (338’-46’) x (338’-110’) x (338-255’) x (338’-265’) = 20084.42 Sft or 2231.60 Sq Yds But as per Deed 3K-12M or 2178 Sq. Yds |
|
|
|
|
Description of the site/Land |
The land on which this Factory building is construction is having independent boundaries comprised in, co-shared part of Khewat No. 327, Khatoni No. 399. Khasra No. 27//12/2(5-17), 19/1(4-13), 20/1/1(0-5) with a total land of 10K-15M wiith his share 1/3 which works out to be 3K-12M is situated on main Sahlawas Road ahead of 60’ away from Dhaniya Minor on this road at mouja Kosli, Village Kosli Distt. Rewari |
|
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|
|
Chartered of Locality |
Middle Class |
|
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|
|
Classification |
Mixed/ Commercial Area |
|
|
|
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Development of Surrounding areas |
Surrounding Area is developing as commercial area and very near to the last point of commercial market of Sahlawas road. |
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|
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Is the locality subjected to frequent flooding |
No |
|
|
|
|
Feasibility to the civic amenities like Schools, Hospital, Offices, Markets etc. |
All civic amenities are available nearby specially Bus Stand. |
|
|
|
|
Shape of Land |
Irregular in shape |
|
|
|
|
Type of use to which it can be put |
Commercial Purpose |
|
|
|
|
Nature of right, whether Leasehold/ Freehold |
Freehold |
|
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|
|
Road Facility |
B. T. Road, 40’ Wide |
|
|
|
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Is it a corner plot |
Intermittent |
|
|
|
|
Water Supply/ Potentiality |
Water Supply Provided by PH Deptt. |
|
|
|
|
Underground Sewerage system |
Yes, underground gravity and own systems sewerage |
|
|
|
|
Prevailing Unit Market rate |
Rs.6,000 to Rs.9,000 per sq. yd on main road up to depth of 80’ Rs.4,000/- to Rs.6,000/- per sq. yd beyond 60’ |
|
|
|
|
Prescribed rate by the local authority |
Rs.2,300/- upto depth of 30’ Rs.1,575/- beyond 30’ up to depth of 200’ and Rs.1,260/- beyond 200’ onward vide Sr. No.56- D-1, D-2, D-3 respectively (As per D.C. Rewari for the year 2010-11) |
|
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|
|
Unit rate adopted in this valuation |
Rs.6,200/- per sq. yd. along the main road rs.4,500/- per sq. yd. beyond 60’ |
|
|
|
|
Portion – I (Along
the Main Road upto depth of 80’) |
|
|
Area |
560.00 sq. yd. |
|
Rate |
6200.00 per sq. yd. |
|
Total Cost of Land |
560.00 x 6200.00 = Rs.3.472 Millions |
|
|
|
|
Portion – II
(Beyond depth of 80’) |
|
|
Area |
1618.00 sq. yd. |
|
Rate |
4500.00 per sq. yd. |
|
Total Cost of Land |
1618.00 x 4500.00 = Rs.7.281 Millions |
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|
|
|
Valuation of the
site/ land |
Rs.10.753 Millions |
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BUILDING |
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|
Type of Construction |
Load bearing cum Steel Fabricated structure |
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Quality of construction |
Normal |
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Appearance of the Building |
Normal |
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Number of Floors |
Single Storey Building |
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Maintenance of the Building |
Normal |
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Description of the
Building |
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Foundation |
1st class brick work laid in cement stone dust mortar in open trench/ stepped type position in F & P along with isolated columns oh Brick/ RCC at regular interval at outer walls |
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Super Structure |
1st class brick work laid in cement Stone dust mortar duly in position along with isolated columns of brick/ RCC with a height of 10’ and beyond that ii is a steel lubricated structure provided and fixed on RCC column and steel fabricated columns for a unit required for oil mill and all complete superstructure work for office block and showroom portion. |
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Roof |
RCC Slab for showroom, Office Block and G.I. Sheets, SR powder coated sheets for Mill portion. |
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Doors |
Rolling shutters, Hardwood shesham Door shutters for showroom and office block and G. I. Sheet, rolling shutter for Oil Mill portion. |
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Windows |
Hardwood Shesham Windows shutter for office block |
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|
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Sanitary Fitting |
Yes, Underground required for mill and office block |
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|
|
|
Flooring |
Ordinary PCC Flooring for showroom, partly mills area and tile flooring inside office block and partly interlocking block for working shed and stock yard area |
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|
|
|
Electricity Supply |
Underground electrification fitting as per prevailing specification. |
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|
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|
Total Plinth Area |
W. Shed = 4100 sft with a height of 23’ S. yard = 2970 sft. With a height of 19’ O. Block = 1250 sft S. Room = 1125 sft with a height of 14’ in form of hall B. wall = 306 Rft. |
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|
|
|
Year of construction |
2011 |
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|
|
|
Total life of the building estimated |
60 years |
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|
|
|
Replacement rate of construction with the existing conditions and specification |
Rs.620/- for O Block Rs.510/- For S. Room Rs.410/- For W. Shed of 23’ Height Rs.290/- for s. yard Rs.550/- for B. Wall |
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|
|
|
Replacement Value |
Rs.4.059 Millions |
DETAILS OF VALUATION
|
Particulars of Item |
Plinth Area Replacement |
Estimated (Rs.) |
Replacement Cost (Rs.) Rate |
Description (Rs.) |
Net Value (Rs. In Millions) |
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|
|
|
|
|
|
|
W. Shed |
4100.00 Sft. |
410 |
1681000.00 (-) |
12007.14 |
1.669 |
|
S. Yard |
2970.00 Sft. |
290 |
861300.00 (-) |
6152.14 |
0.855 |
|
O Block |
1250.00 Sft. |
620 |
775000.00 (-) |
5535.71 |
0.769 |
|
S. Room |
1125.00 Sft. |
510 |
573750.00 (-) |
4098.21 |
0.570 |
|
B. Wall |
306.00 Sft. |
550 |
168300.00 (-) |
1202.14 |
0.167 |
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|
|
|
|
|
|
|
Total |
|
|
4059350.00 |
28995.34 |
4.030 |
|
Depreciated value at the rate of |
Depreciation for 0.5 years Rs.28,995/- |
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|
|
|
Present value of the Building |
Rs.4.030 Millions |
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|
|
|
TOTAL VALUATION |
|
|
Valuation of the Land |
Rs.10.753 Millions |
|
Valuation of the Building |
Rs.4.030 Millions |
|
|
|
|
TOTAL |
RS.14.783 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
GENERAL INFORMATION
|
Name of the party purchaser and address (With Doors No. and Survey No.) |
M/S Shree Ganesh Enterprises, Add: Sahlawas Road Near Dhaniya Minor, Kosli, Distt. Rewari |
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|
Name/s of the reported owner! Name/s of persons; in hose name/s the property registered and address: |
Mr. Munni Lal S/o Mr. Murari Lal R/o Near Railway Station, Vill. Kosli, Disti. Rewari |
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It the property is under joint ownership / Individual |
Sole Ownership Vide Sale Deed No.846 Dated 16.09.1998 |
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Purpose of Valuation |
Fair Market Value |
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List fl Documents produced for perusal |
Sale Deed and Layout |
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Date of Inspection |
03.08.2011 |
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Date of Valuation |
08.08.2011 |
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Approximate distance from the branch to the property |
0.6 Km |
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|
Situation /Location / Brief Description of the land/ site and brief description of the building |
Double Storey Commercial Shop This Property partly in form of double storey building at front and partly as a vacant plot backside as a one unit in form of commercial shop is situated on main Sahlawas Road before Dhaniya Minor at Village Kosli. The. Kosli District, Rewari |
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Boundaries of the Property |
East : Main Sahlawas Road West : Property/ House of Mr. Ganesh Lal North : Property/ Shop of Mr. Ram Gopal South : Plot of Mr. Modi Ram |
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|
Assuming the en tire property is let out, the probable monthly rent and advance building rent |
Rs.60,000 /- annually and Rs.5.000/- per month |
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Whether the building plan has been approved |
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|
· If yes date of approval, approving authority and whether the building has been constructed as per the approved plan. |
Yes, as approved from Panchayat |
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· If No, the reason for Non-approval |
Owner to provide |
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VALUATION
DETAILS LAND |
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|
The Total Area (Extent) of the site/ Land |
(12’+9’-6”) 2 x 77’ = 827.75 sft or 91.97 sq. yds but as per sale deed it is 90 sq. yds. |
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|
Description of the site/Land |
The land on which this building is construction is having independent boundaries comprised in, co-shared part of Khewat No.564, Khatoni No.675, Khasra No. 41//24/1/5 (0-14) with a total land of 0K-14M with his share of 11/42 which works out to be 0K-3M is situated on main Sahlawas Road before Dhaniya Minor at Mouja Kosli. Village Kosli District Rewari |
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Chartered of Locality |
Middle Class |
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Classification |
Commercial Area |
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Development of Surrounding areas |
Surrounding Area is completely developed as commercial and centrally passed to the Vill. Kosli. |
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Is the locality subjected to frequent flooding |
No |
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Feasibility to the civic amenities like Schools, Hospital, Offices, Markets etc. |
All civic amenities are available nearby specially Bus Stand. |
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Shape of Land |
Irregular in shape |
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Type of use to which it can be put |
Commercial Purpose |
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Nature of right, whether Leasehold/ Freehold |
Freehold |
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Road Facility |
B. T. Road, 40’ Wide |
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Is it a corner plot |
Intermittent |
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Water Supply/ Potentiality |
Water Supply Provided by PH Deptt. |
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Underground Sewerage system |
Yes, underground gravity and own systems sewerage |
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Prevailing Unit Market rate |
Rs.20,000/- to Rs.50,000/- per sq. yd |
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Prescribed rate by the local authority |
Rs.4,725/- Vide Sr. No. 56-C-1 (As per D. C., Rewari for the year 2010-11) |
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Unit rate adopted in this valuation |
Rs.22,000/- per sq. yd. |
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Valuation of the site/ Land |
90 sq. yds x Rs.22000/- = Rs.1.980 Millions |
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|
BUILDING |
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|
Type of Construction |
Load bearing structure |
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|
|
|
Quality of construction |
Normal |
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|
|
|
Appearance of the Building |
Normal |
|
|
|
|
Number of Floors |
Double Storey Building |
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|
|
|
Maintenance of the Building |
Normal |
|
|
|
|
Description of the
Building |
|
|
Foundation |
1st class brick work laid in cement stone dust mortar in open trench/ stepped type position in F & P along with isolated columns at regular interval at outer walls |
|
|
|
|
Super Structure |
1st class brick work laid in cement Stone dust mortar duly in position along with isolated columns duly in position |
|
|
|
|
Roof |
RCC Slab for both floor |
|
|
|
|
Doors |
Rolling type shutters and iron gate at G. F. Hardwood shesham Door shutters at F.F. |
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|
Windows |
Hardwood Shesham Windows shutter at F.F. |
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Sanitary Fitting |
Yes, Underground at F.F. |
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|
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Flooring |
Ordinary PCC Flooring at G.F. an d Chips Dana Floorin g at F.F. |
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Electricity Supply |
Underground electrification fitting as per prevailing specification. |
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Total Plinth Area |
G. Floor = 495 sft. F. Floor = 515 sft. |
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|
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Year of construction |
2002-2003 |
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|
|
|
Total life of the building estimated |
62 years |
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|
|
|
Replacement rate of construction with the existing conditions and specification |
Rs.560/- for G.F. Rs.750/- for F.F. Rs.0.663 Million |
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|
|
|
Replacement Value |
Rs.4.059 Millions |
DETAILS OF VALUATION
|
Particulars of Item |
Plinth Area Replacement |
Estimated (Rs.) |
Replacement Cost (Rs.) Rate |
Description (Rs.) |
Net Value (Rs. In Millions) |
|
|
|
|
|
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|
|
G.F. |
495.00 Sft. |
560 |
277200.00 (-) |
31680.00 |
0.246 |
|
F.F. |
515.00 Sft. |
750 |
386250.00 (-) |
44142.86 |
0.342 |
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|
|
|
|
|
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Total |
|
|
663450.00 |
75822.86 |
0.588 |
|
Depreciated value at the rate of |
Depreciation for 8 years Rs.75,822/- |
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Present value of the Building |
Rs.0.588 Millions |
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|
|
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TOTAL VALUATION |
|
|
Valuation of the Land |
Rs.1.980 Millions |
|
Valuation of the Building |
Rs.0.588 Millions |
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|
|
|
TOTAL |
RS.2.568 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Amit Trading Company
· Suraj Garg – Rajasthan
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.46.13 |
|
|
1 |
Rs.74.18 |
|
Euro |
1 |
Rs.64.88 |
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.