|
Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
LIME LIGHT ENTERPRISE |
|
|
|
|
Registered
Office : |
200, G. T. Road (North), Salka, Howrah – 711107, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
1997 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.474 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AEAPA7071H/ AABFL6891M |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Electrical Contractors. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a partnership concern in the year 1997 and
got converted into proprietory concern in the year December 2011 with the
same name “Limelight Enterprise”. It is a proprietory concern having satisfactory track. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Adhikari |
|
Contact No.: |
91-9143100038 |
|
Date : |
06.08.2012 |
|
|
|
|
Name : |
Mr. Suvankar Roy Chowdhury |
|
Designation : |
Manager |
|
Contact No.: |
91-9231802134 |
|
Date : |
06.08.2012 |
LOCATIONS
|
Registered Office/ Factory : |
200, G. T. Road (North), Salka, Howrah – 711107, West Bengal, India |
|
Tel. No.: |
91-33-26555700 |
|
Mobile No.: |
91-9143100038 (Mr. Adhikari) 91-9231802134 (Mr. Suvankar Roy Chowdhury) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
800 sq. ft. |
|
|
|
|
Branch Office : |
1/1, Raj Krihna Kumar Street, Belur, Howrah – 711202, West Bengal,
India |
|
Tel No.: |
91-3326549264 |
|
Area : |
1600 sq. ft. |
SOLE PROPRIETOR
|
Name : |
Mrs. Chandana Adhikari |
|
Designation : |
Proprietor |
|
Address : |
1/1, Raj Krihna Kumar Street, Belur, Howrah – 711202, West Bengal,
India |
KEY EXECUTIVES
|
Name : |
Mr. Suvankar Roy Chowdhury |
|
Designation : |
Manager |
BUSINESS DETAILS
|
Line of Business : |
Electrical Contractors. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers (As on 30.09.2011): |
· Bipodtarini Mata Builders · Das Gupta Enterprise · S. G. Electrical Company · Spark and Power Enterprise · Tara Maa Decoration · Yogesh Electricals |
|
|
|
|
Customers (As on 30.09.2011): |
End Users and Government Sector · Howrah Municipal Corporation · Kolkata Municipal Corporation |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
· Bank of Baroda M. G. Road, Howrah, West Bengal, India |
|
|
|
|
Facilities : |
Credit Limit – Rs.4.000 Millions from Bank of Baroda |
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. K. Sen and Associates Chartered Accountant |
|
Address : |
5-A, Nirode Behari Mullick Road, Flat No.C-4, Kolkata – 700006, West
Bengal, India |
|
Tel. No.: |
91-33-65268543/ 65225363 |
|
Mobile No.: |
91-9007575410 |
|
Email : |
|
|
|
|
|
Associates/Subsidiaries : |
· Hotel Arnav |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
|
Capital Investment : |
|
|
Owned : |
Rs.1.474 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.1.474 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
PROPRIETORSHIP FIRM
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.474 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1.474 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.811 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
3.811 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.285 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.021 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
4.037 |
|
|
Sundry Debtors |
|
|
2.064 |
|
|
Cash & Bank Balances |
|
|
0.046 |
|
|
Other Current Assets |
|
|
2.734 |
|
|
Loans & Advances |
|
|
0.040 |
|
Total
Current Assets |
|
|
8.921 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor and Other Current Liabilities |
|
|
3.585 |
|
|
Provisions |
|
|
0.072 |
|
Total
Current Liabilities |
|
|
3.657 |
|
|
Net Current Assets |
|
|
5.264 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5.285 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
6.649 |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
|
|
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
|
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
0.828 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.590 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
0.238 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
0.238 |
|
Expected Sales (2012-13): Rs.10.000 Millions
The above information has been parted by Mr. Adhikari and Mr. Suvankar
Roy Chowdhury
Note: Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
PAT / Total Income |
(%) |
|
|
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
3.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
2.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
5.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
2.44 |
------------------------------------------------------------------------------------------------------------------------------
PARTNERSHIP FIRM
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.11.2011 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.388 |
2.534 |
2.924 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1.388 |
2.534 |
2.924 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.995 |
4.053 |
3.969 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
3.995 |
4.053 |
3.969 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5.383 |
6.587 |
6.893 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.021 |
0.024 |
0.028 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.285
|
3.452 |
2.883 |
|
|
Sundry Debtors |
2.243
|
2.350 |
0.367 |
|
|
Cash & Bank Balances |
0.051
|
0.175 |
0.835 |
|
|
Other Current Assets |
2.861
|
3.153 |
4.177 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
8.440
|
9.130 |
8.262 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
3.005
|
2.506 |
1.351 |
|
|
Other Current Liabilities |
0.073
|
0.061 |
0.046 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
3.078
|
2.567 |
1.397 |
|
|
Net Current Assets |
5.362
|
6.563 |
6.865 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5.383 |
6.587 |
6.893 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.11.2011 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Contract Charges Received |
4.162 |
9.810 |
10.696 |
|
|
|
Labour Charges Received |
0.375 |
1.659 |
1.363 |
|
|
|
TOTAL |
4.537 |
11.469 |
12.059 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
0.843 |
2.658 |
4.370 |
|
|
|
Wages |
0.287 |
0.409 |
0.374 |
|
|
|
Supervision Salary |
0.064 |
0.096 |
0.096 |
|
|
|
Printing and Stationery |
0.018 |
0.052 |
0.068 |
|
|
|
Labour Contract Charges |
2.123 |
6.084 |
5.092 |
|
|
|
Sates Tax |
0.083 |
0.196 |
0.335 |
|
|
|
Bank Interests Paid |
0.404 |
0.441 |
0.288 |
|
|
|
Repairs and Maintenance |
0.023 |
0.049 |
0.032 |
|
|
|
Partner Remunerations |
0.072 |
0.108 |
0.096 |
|
|
|
Interest on Capital |
0.203 |
0.351 |
0.420 |
|
|
|
Other Expenses |
0.364 |
0.653 |
0.486 |
|
|
|
TOTAL |
4.484 |
11.097 |
11.657 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.053 |
0.372 |
0.402 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.003 |
0.003 |
0.005 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.050 |
0.369 |
0.397 |
|
KEY RATIOS
|
PARTICULARS |
|
30.11.2011 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.10
|
3.22 |
3.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.10
|
3.22 |
3.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.59
|
4.03 |
4.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.15 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.10
|
2.61 |
1.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.74
|
3.56 |
5.91 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes
/ No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF TOTAL INCOME
(LIME
LIGHT ENTERPRISE)
(RS.
IN MILLIONS)
|
Particulars |
31.03.2011 |
|
|
Computation of Total Income for the year ended 31st March
2011 |
||
|
Net Profit (After debating interests and
Remuneration to partners) |
|
0.369 |
|
|
|
|
|
Add: Interests to partner capital |
|
0.000 |
|
In excess of 12% p.a. |
|
|
|
Add: Remuneration to partners |
|
0.108 |
|
|
|
|
|
Book Profit |
|
0.477 |
|
|
|
|
|
Computation of Total Taxable Income for the year ended 31st
March 2011 |
||
|
Net Profit as per Profit and Loss A/c |
|
0.369 |
|
Lime Light Enterprises |
|
|
|
|
|
|
|
Add: Amount Disllowance U/s 40(b) |
|
|
|
a] Remuneration paid to partners |
0.108 |
|
|
|
|
|
|
Less: Amount Allowable |
|
|
|
I] 90% of the Rs.0.300 Million of Book
Profit |
0.270 |
|
|
II] 60% of 2nd Rs.0.177 Million |
0.106 |
|
|
|
0.376 |
|
|
|
|
|
|
b] Interests paid to partners |
0.351 |
|
|
Less: Allowable upto 12% p.a. |
0.351 |
Nil |
|
|
|
|
|
Taxable Income |
|
0.369 |
|
|
|
|
|
Rounded Off |
|
0.369 |
|
|
|
|
|
Tax Comes to |
|
0.111 |
|
|
|
|
|
Add: Education Cess @ 3% |
|
0.003 |
|
|
|
|
|
Tax Payable |
|
0.114 |
|
|
|
|
|
Less: Tax Deducted at Sources |
|
|
|
|
|
|
|
Howrah Municipal Corporation, 4 M G Road,
Howrah |
|
|
|
Howrah Municipal Corporation, Borough – I |
|
|
|
Kolkata Municipal Corporation, 5, S. N.
Banerjee Road, Kol - 13 |
|
0.150 |
|
|
|
|
|
Tax Refundable |
|
0.036 |
------------------------------------------------------------------------------------------------------------------------------
HOTEL
ARNAB
ABRIDGED BALANCE
SHEET
(RS.
IN MILLIONS)
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.062 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4.062 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.062 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
8.441 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.348 |
|
|
Other Current Assets |
|
|
0.160 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.508 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
2.559 |
|
|
Other Current Liabilities |
|
|
2.328 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
4.887 |
|
|
Net Current Assets |
|
|
(4.379) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.062 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Lodging |
|
|
2.301 |
|
|
|
Sale (Tea) |
|
|
0.044 |
|
|
|
Ales Fooding |
|
|
0.577 |
|
|
|
TOTAL |
|
|
2.922 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Electric Charge |
|
|
0.208 |
|
|
|
Labour Charges |
|
|
0.198 |
|
|
|
Maintenance and Repairs |
|
|
0.501 |
|
|
|
Purchases of Fooding |
|
|
0.410 |
|
|
|
Salary |
|
|
0.190 |
|
|
|
Interests on Overdraft |
|
|
0.219 |
|
|
|
Other Expenses |
|
|
0.348 |
|
|
|
TOTAL |
|
|
2.074 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.848 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.433 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
0.415 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
14.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
14.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
4.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
1.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.10 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
|
Purpose for which valuation is made |
To ascertain present Fair Market Value of
the property |
|
|
|
|
Dale as on which valuation is made |
15th July 2012 |
|
|
|
|
Name of the owner/ Owners |
Mr. Nemai Adhikari (A/c, M/s, Lime Light
Enterprise) |
|
|
|
|
If the property is under joint ownership/ co-ownership,
hare of each such owner. Are they shares undivided? |
Single Ownership |
|
|
|
|
Brief Description of the Property |
There are Two Hotel Buildings Blocks of Two
Plots of Bastu land namely ”Hotel Arnab” |
|
|
|
|
Location, Street, Ward No. |
The property is located at Forest Bunglow
Road, Old Digha, P.S. – Digha, Padima – II, Gram Panchyat, under Ramnagar –I,
Panchyat Samity, District East Midnapore. |
|
|
|
|
Survey/ Plot No. of Land |
Mouza-Khadal Gobra, J. L. No.86, Two Plot of
Land R.S.Dag No.-1784/2185, R. S. Khatian No.574, Hal Dag No.1981, Hal
Khatian No.277. Forest Bunglow Road, Old Digha, P.S.-Digha, Padima – II Gram
Panchyat Under Ramnagar – I Panchyat Samity. District East Midnapore. |
|
|
|
|
Is the property situated in residential/
commercial/ mixed area/ industrial area |
Commercial purpose for Hotel Business |
|
|
|
|
Classification of Locality – High Class/
Middle Class/ |
Belongs to highly commercial zone. |
|
|
|
|
Proximity to civic amenities, like school,
hospitals, office, Markets, Cinema etc. |
Sea Beach is about 150 mts. Railway Station,
Police station; Marine Aquarium etc. are within 1 km from the hotel premises.
|
|
|
|
|
Means and Proximity to surface communication
by the locality is served |
Bus services are available at the Bus
Stoppage Forest Bunglow which is 2 minutes walking
distance from the Hotel. |
|
|
|
|
Area of land supported by documentary
proof, shape, dimensions and physical features. |
Area of land: 11.7125
Kattahs = 8433 Sq. ft. (more
or less)- in total. Shape of the land is more or le rectangular
with leveled topography. |
|
|
|
|
Attach a dimensioned site Plan |
Sanctioned Building Plan for buileing No.1
by Digha development Authority vide no.-50/DDA/2001 Dated 05.02.2012 and
granted on 27.06.2003, vide no. 681 on 6 Cotths, 14 Chittaks land (more or
less) Building No. II by Ramnagar – I Pnchyat
Samity vide No.210/Plan/ Ram-I/PS-Digha dated 26.02.2009 on 4 Cotths, 13
Chittaks 18 ft. Land (more or less) |
|
|
|
|
Attach plans and elevations of all structure
standing on the land a layout plan |
Such details are available in the sanctioned
building plan approved by the local authority. |
|
|
|
|
Is the building owner-occupied/ tenanted/ both |
Owner-occupied, and being used for hotel
business |
|
|
|
|
If the partly Owner-occupied, specify
portion and extent of area under owner- occupation |
Two Building which are used for Hotel
Business. |
|
|
|
|
What is the floor pace Index permissible and
percentage actually utilized? |
FAR Consumed: 1.35 FAR Permissible: 1.50 |
|
|
|
|
Give details of water and electricity charges , it any to
be done by the owner |
By the owner of the property |
|
|
|
|
Has the tenant to bear the whole or part of
the cost of repairs and maintenance? Give particulars |
By the owner of the property |
|
|
|
|
Is a pump is installed, who has a bear the cost of maintenance and operation – Owner or tenant? |
By the owner of the property |
|
|
|
|
Who has a bear the cost of electricity charges for lightning of common space like entrance hall, stairs, passages, compound etc – Owner or tenant? |
By the owner of the property |
|
|
|
|
What is the amount of property tax? Who is to bear it? Give details with documentary proof? |
Tax paid receipt by Padima – II Gram
Panchyat vide No.4898 dated 23.05.2011 Rs.10,000/- Khazana Receipts No.1233352, Rs.659/- for
the land of 11.33 Decimal and Khazana Receipt No.1233353, Rs.497/- for the
land of 8.5 Decimal both paid on dated 10.08.2011. |
|
|
|
|
Is the building insured? If so, give the policy no. amount for which it is insured and the annual Premium |
Papers not available for their verification |
|
|
|
|
Land rate adopted in the valuation |
Rs.8.00 lacs per Cottah. |
|
|
|
|
If ale instanced are not available or not relied upon, the basis of arriving at the land rate |
Discreet enquiries were made at the nearby locality. |
|
|
|
|
Year of commencement of construction and
year of completion. |
Building No. Year Area of Land I 2002 6.8750 (More or less) II 2011 4.8375 (More or less) |
|
|
|
|
What has the method of construction – by
contract / by employing labour directly/ both |
By both |
|
|
|
|
For items of work done by engaging labour directly, give basic rates materials and labour supported by documentary proof. |
The owner could not produce uch detail at
the time of inspection |
|
TECHNICAL
PARTICULARS Status of the property As per standard of Hotel Industry, the id
Hotel is well decorated with Interior Works, Furnishing, Lighting and
ornamental Elements to attract customers to exploit maximum business
potential. The structure for both the building re of
RCC framed construction supported on Isolated and combined footing systems.
Although, the Building No.1 is old by about 10 years but under regular
maintenance in view of Chloride attack in marine environment. Therefore, as
per their engineering judgment they have ascertained future life expectancy
for both the building to 55 years. Building No.1, Area of Land 6.8750 Cottahs (more or less) Basement +G+2 Storied building. The
construction I 10 year old. Basement 885.000 sft. (as per physical
measurement not supported by sanctioned building plan. Hence not considered
for valuation) Therefore, Covered area statement for valuation
purpose is as per hereunder Ground Floor – 2240.813 Sft 1st Floor – 1597.555 Sft. 2nd Floor – 2242.621 Sft. ---------------------------------- Total – 6726.055 Sft. Building No.II, Area of Land 4.8375 cottahs (more or less) G+3 Storied building. The construction is
one year old. (as per sanctioned building plan) Covered area statement for valuations
purpose is as per hereunder. Ground Floor – 1579.082 Sft 1st Floor – 1597.555 Sft. 2nd Floor – 1597.555 Sft. 3rd Floor – 1597.555 sft. Stair case – 162.559 sft. ---------------------------------- Total – 6534.306 sft. BOUNDARIES One the North – By property of Forest
Department On the South – By part of Land under Dag
No.1784/2185 and a road to Hotel Hundustan and Forest Bunglow. On the East – By part of Land under Dag
No.1784/2185, Plot Nos. 9 and 10 On the West – By property of Forest
Department. Date of Inspection: 09.06.2012 to
10.06.2012. VALUATION METHODOLOGY Valuation of the land = At the prevailing rate the valuation of land
is ranging between Rs.0.800 Million to Rs.0.900 Million per cottah. Value of
the property should be at the lower range Rs.0.800 Million. This has been
duty verified by the undersigned based on local enquiries made on the spot. Therefore land value for Hotel Building No.I
arrives at 6 Cottahs, 14 Chittaks = 6.875 Cottahs @ Rs.0.800 Million per
Cottah Land (more or less) = Rs.5.500 Millions. Therefore land value for Hotel Building
No.II arrives at 4 Cottahs, 13 Chittaks 18 sq. ft. = 4.838 Cottahs @ Rs.0.800
Million per Cottah Land (more or less) = Rs.3.870 Millions. HOTEL BUILDING: Hotel Building No.I: 6726.055 sft @
Rs.2000/- = per Sq. ft. (Including cot of interior and value addition as well
as minor deduction for depreciation) = Rs.13.452 Millions Hotel Building No.II: 6534.306 sft @
Rs.2050/- = per Sq. ft. (Including cot of interior and value addition =
Rs.13.395 Millions BOUNDARY WALL (MASONARY) Present Cot of construction 273 Rft @
Rs.1075/- = per R. Ft. = Rs.0.294 Million Therefore, proportionate equal hare for: Total Building No. I - Rs.0.147
Millions Total Building No. II - Rs.0.147 Millions Valuation of Plants, Machineries, Accessories. Movable Assets etc. Total Value: Rs.3.200 Millions Therefore, Proportionate equal hare for: Hotel Building No.I: Rs.1.600 Millions Hotel Building No.II: Rs.1.600 Millions The Overall Valuation stands as follows. HOTEL BUILDING NO.I Valuation of Land – Rs.5.500 Millions Valuation of Two Buildings – Rs.13.452
Millions Valuation of Boundary wall – Rs.0.147
Million Valuation of Plant, Machineries,
Accessories, Movable Assets etc. – Rs.1.600 Millions Total = Rs.20.699 Millions The forced sale value of the overall property may attract discount 20%
which may effectively bring down the distress sale value at Rs.16.559
Millions HOTEL BUILDING NO.II Valuation of Land – Rs.3.870 Millions Valuation of Two Buildings – Rs.13.395
Millions Valuation of Boundary wall – Rs.0.147
Million Valuation of Plant, Machineries,
Accessories, Movable Assets etc. – Rs.1.600 Millions Total = Rs.19.012 Millions The forced sale value of the overall
property may attract discount 20% which may effectively bring down the distress
sale value at Rs.15.210 Millions |
|
|
|
|
|
HOTEL BUILDING – I |
(Rs. In Millions) |
|
Cost price of the property |
-- |
|
Market Price of the property |
20.699 |
|
Distress Sale Value |
16.559 |
|
Registration value for similar properties with
Sub- Registrar Office |
23.943 |
|
|
|
|
HOTEL BUILDING – II |
(Rs. In Millions) |
|
Cost price of the property |
-- |
|
Market Price of the property |
19.012 |
|
Distress Sale Value |
15.210 |
|
Registration value for similar properties with
Sub- Registrar Office |
17.099 |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE
Mr. Gobinda Laskar,
2 Kalitala Lane, Salkia, Howrah – 711106, West
Bengal India
Mobile No.: 91-9831032405
Mr. Samiran Barman
12, K. P. Coomer Street, Bally, Howrah, West
Bengal India
Mobile No.: 91-9239857727
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.55.15 |
|
|
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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.