|
Report Date : |
30.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIMAL CARS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12-B, |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
05.07.2012 |
|
|
|
|
Com. Reg. No.: |
238423 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50100DL2012PTC238423 |
|
|
|
|
TIN No.: |
09100118606 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AGRV10901C/ DELV11625F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECV1038J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Trader of Automobiles. |
|
|
|
|
No. of Employees
: |
26 + Recruitment Process is Going on. (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and established itself gradually. Its expects
sizeable turnover from it first year of operation. Trade relations are reported as improving. Business is active. Payment
terms are unknown. The company can be considered for business dealings on a safe and
secured 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
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. Gaurav Bansal |
|
Designation : |
Director |
|
Contact No.: |
91-8394911111 |
|
Date : |
29.10.2012 |
LOCATIONS
|
Registered Office : |
12-B, Shri Ram Road, Civil Lines, Delhi – 110054, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8394911111 (Mr. Gaurav Bansal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
50000 sq. ft. |
|
Location : |
Rented |
|
Note: The company has signed a rent agreement for
03 years. |
|
|
|
|
|
Showroom : |
71, Mauja Mohannadpur, Near Mngo Hotel, Sikandra – Mathura Byepass,
Agra – 282007, Uttar Pradesh, India |
|
|
|
|
Warehouse : |
Located at: · Agra, Uttar Pradesh, India (Back Side of Showroom Premises) |
DIRECTORS
|
Name : |
Mr. Sanjay Bansal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/22, Nagla Padi (Prem Ford), Near Tulsi Cinema, Bye Pass Road, Agra –
282005, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.06.1966 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.09.2012 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01659354 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gaurav Ajay Bansal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
1, Prakash Enclave, Bye Pass Road, Agra – 282005, Uttar Pradesh, India
|
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.06.1986 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.07.2012 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02288677 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashutosh Sanjay Bansal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
3/22, Nagla Padi (Prem Ford), Near Tulsi Cinema, Bye Pass Road, Agra –
282002, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.01.1988 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
05.07.2012 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02691884 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ashutosh Bansal |
|
420000 |
|
Gaurav Bansal |
|
420000 |
|
|
|
|
|
Total |
|
840000 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Trader of Automobiles. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
|
|
|
|
No. of Employees : |
26 + Recruitment Process is Going on. (Approximately) |
|
|
|
|
Bankers : |
· Bank of India LIC Building, Sanjay Place, Agra, Uttar Pradesh, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
· Malwa Vehicles (Private) Limited Activity: Dealership of Ford. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
840000 |
Equity Shares |
Rs.10/- each |
Rs.8.400
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
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 |
Yes |
|
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 |
No |
|
12] |
Profitability for last three years |
No |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
No |
|
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 |
Yes |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars
|
10.09.2012 |
31.03.2013 |
31.03.2014 |
|
|
Provisional |
Projected |
Projected |
|
|
|
|
|
|
Short Term Borrowing from Bank (Including Bills Purchased/ Discounted and Excess
Borrowings) |
-- |
40.000 |
40.000 |
|
|
|
|
|
|
SUB
TOTAL(A) |
-- |
40.000 |
40.000 |
|
|
|
|
|
|
Short Term Borrowings From Others |
-- |
-- |
-- |
|
Sundry Creditors (Trader) |
-- |
0.500 |
2.250 |
|
Advances Payment from customers |
0.650 |
1.000 |
1.500 |
|
Provision For Taxes |
-- |
-- |
-- |
|
Creditor for Expenses |
-- |
-- |
-- |
|
Dividend Payable |
-- |
-- |
-- |
|
Other Statutory Liabilities (due within one years) |
-- |
-- |
-- |
|
Installments of term loans and Deferred Payment Credits |
-- |
-- |
-- |
|
Other current Liabilities and Provisions (due within one
years) |
-- |
-- |
-- |
|
|
|
|
|
|
SUB
TOTAL (B) |
0.650 |
1.500 |
3.750 |
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
0.650 |
41.500 |
43.750 |
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
Debentures |
-- |
-- |
-- |
|
Redeemable Preference Shares |
-- |
-- |
-- |
|
Term Loans |
-- |
-- |
-- |
|
Deferred Payment Credits |
-- |
-- |
-- |
|
Vehicles Loan |
-- |
-- |
-- |
|
Term Loan HDFC Limited (Repayable after one year) |
-- |
-- |
-- |
|
Unsecured Loans |
8.047 |
15.000 |
15.000 |
|
Term Deposit |
-- |
-- |
-- |
|
Deferred Tax Liability |
-- |
-- |
-- |
|
Other Term Liabilities |
-- |
-- |
-- |
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
8.047 |
15.000 |
15.000 |
|
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
8.697 |
56.500 |
58.750 |
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
Ordinary Shares Capital |
8.400 |
10.000 |
10.000 |
|
General Reserve |
-- |
0.550 |
2.213 |
|
Other Reserve (Excluding Provision) |
-- |
-- |
-- |
|
Reserves and Surplus |
-- |
-- |
-- |
|
Unsecured Loans |
-- |
-- |
-- |
|
Share Premium Account |
-- |
-- |
-- |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
-- |
-- |
-- |
|
|
|
|
|
|
TOTAL
NET WORTH |
8.400 |
10.550 |
12.213 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
17.097 |
67.050 |
70.963 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.914 |
0.050 |
0.250 |
|
Investments [Other than long term investments] |
-- |
-- |
-- |
|
Receivables other than deferred and exports |
-- |
-- |
-- |
|
Export receivables |
-- |
-- |
-- |
|
Installments of deferred receivable |
-- |
-- |
-- |
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
- Imported |
-- |
-- |
-- |
|
- Indigenous |
-- |
-- |
-- |
|
|
|
|
|
|
Stock in Process |
-- |
-- |
-- |
|
Finished Goods |
-- |
55.000 |
57.500 |
|
Other Consumable Spares |
-- |
-- |
-- |
|
Advances to suppliers |
11.393 |
2.500 |
4.000 |
|
Advance Payment of Taxes |
-- |
-- |
-- |
|
Other Current Assets |
-- |
0.250 |
0.500 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
12.307 |
57.800 |
62.250 |
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
4.682 |
10.000 |
10.250 |
|
Depreciation to date |
-- |
0.750 |
1.537 |
|
|
|
|
|
|
NET
BLOCK |
4.682 |
9.250 |
8.713 |
|
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Investments in sub |
-- |
-- |
-- |
|
Advances suppliers of Capital goods and contractors |
-- |
-- |
-- |
|
Investment in Others |
-- |
-- |
-- |
|
Other Non-Current Investment |
-- |
-- |
-- |
|
Loans and Advance |
-- |
-- |
-- |
|
Receivables more than 6 month old |
-- |
-- |
-- |
|
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
-- |
-- |
-- |
|
|
|
|
|
|
Intangible Assets |
0.108 |
-- |
-- |
|
|
|
|
|
|
TOTAL
ASSETS |
17.097 |
67.050 |
70.963 |
|
|
|
|
|
|
Tangible
Networth |
8.292 |
10.550 |
12.213 |
|
|
|
|
|
|
Net
Working Capital |
11.657 |
16.300 |
18.500 |
|
|
|
|
|
|
Current
Ratio |
18.93 |
1.39 |
1.42 |
|
|
|
|
|
|
TOL/
TNW |
1.05 |
5.36 |
4.81 |
------------------------------------------------------------------------------------------------------------------------------
OPERATING
STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
10.09.2012 |
31.03.2013 |
31.03.2014 |
|
|
Provisional |
Projected |
Projected |
|
Local Sales |
|
|
|
|
Vehicle Sales |
-- |
85.000 |
200.000 |
|
Spare Parts Sales |
-- |
8.500 |
20.000 |
|
Other Operating/ Revenue Income |
-- |
4.250 |
10.000 |
|
|
|
|
|
|
Total |
-- |
97.750 |
230.000 |
|
|
|
|
|
|
Net Sales |
-- |
97.750 |
230.000 |
|
|
|
|
|
|
Export
Incentives |
|
|
|
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
Raw Materials (Including Stores) |
|
|
|
|
-
Imported |
-- |
-- |
-- |
|
-
Indigenous |
-- |
142.825 |
210.300 |
|
|
|
|
|
|
Others Stores and Spares |
|
|
|
|
-
Imported |
-- |
-- |
-- |
|
-
Indigenous |
-- |
-- |
-- |
|
|
|
|
|
|
Power and Fuel |
-- |
-- |
-- |
|
Wages and salaries |
-- |
-- |
-- |
|
Other Manufacturing Expenses |
-- |
1.000 |
1.200 |
|
Depreciation |
-- |
0.750 |
1.538 |
|
|
|
|
|
|
Sub
Total |
-- |
144.575 |
213.038 |
|
|
|
|
|
|
Add: Opening Stock-In-Process |
-- |
-- |
-- |
|
|
|
|
|
|
Sub
Total |
-- |
144.575 |
213.038 |
|
|
|
|
|
|
Less: Closing Stock-In-Process |
-- |
-- |
-- |
|
|
|
|
|
|
Cost
of Production |
-- |
144.575 |
213.038 |
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
-- |
-- |
55.000 |
|
|
|
|
|
|
Total |
-- |
144.575 |
268.038 |
|
|
|
|
|
|
Deduct: Closing Stock of Finished Goods |
-- |
55.000 |
57.500 |
|
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
-- |
89.575 |
210.538 |
|
|
|
|
|
|
Gross
Profit |
-- |
8.175 |
19.462 |
|
|
|
|
|
|
Interests and Charges
|
-- |
0.700 |
1.500 |
|
Interest on Term Loan and WC |
-- |
1.400 |
2.800 |
|
Selling, General and Administrative Expenses |
-- |
5.525 |
13.500 |
|
|
|
|
|
|
Sub
Total |
-- |
7.625 |
17.800 |
|
|
|
|
|
|
Operating Profit |
-- |
0.550 |
1.662 |
|
|
|
|
|
|
Operating Before Tax/ Loss
|
-- |
0.550 |
1.662 |
|
|
|
|
|
|
Less: Provision for Taxes |
-- |
-- |
-- |
|
|
|
|
|
|
Net Profit |
-- |
0.550 |
1.662 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
BALANCE SHEET
(RS. IN MILLIONS)
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
10.000 |
10.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.550 |
2.213 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
10.550 |
12.213 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
40.000 |
40.000 |
|
|
2] Unsecured Loans |
|
15.000 |
15.000 |
|
|
TOTAL BORROWING |
|
55.000 |
55.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
65.550 |
67.213 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
9.250 |
8.713 |
|
|
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 |
|
55.000 |
57.500 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
0.050 |
0.250 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
2.750 |
4.500 |
|
Total
Current Assets |
|
57.800 |
62.250 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
0.500 |
2.250 |
|
|
Other Current Liabilities |
|
1.000 |
1.500 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
1.500 |
3.750 |
|
|
Net Current Assets |
|
56.300 |
58.500 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
65.550 |
67.213 |
|
PROJECTED PROFIT & LOSS
ACCOUNT
(RS. IN MILLIONS)
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
93.500 |
220.000 |
|
|
|
Other Income |
|
4.250 |
10.000 |
|
|
|
TOTAL |
|
97.750 |
230.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
87.825 |
207.800 |
|
|
|
Freight and Cartage (Inward) |
|
1.000 |
1.200 |
|
|
|
Administrative Expenses |
|
0.850 |
2.000 |
|
|
|
Selling and Distribution Expenses |
|
1.700 |
4.000 |
|
|
|
Service Centre Charges |
|
2.975 |
7.500 |
|
|
|
TOTAL |
|
94.350 |
222.500 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
3.400 |
7.500 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
2.100 |
4.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1.300 |
3.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.750 |
1.537 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
0.550 |
1.663 |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
Property i.e. land having Khra No.144/2 situated
at Mauza Tora, Tajganj Ward (Just near main Fatehabad Road) on J. P. Hotel to
Akashwani Main Road, Tehsil and District Agra.
Owner: Mr. Gaurav Bansal S/o Mr. Ajay Bansal
R/o Prakash Enclave, Bye Pass Road, Agra, India
|
Purpose for which
valuation is made |
For Bank of
India, New Agra Branch, Agra |
|
|
|
|
Date of Which
valuation is made |
25.09.2012 |
|
|
|
|
If the property
is under joint ownership / share of each owner. It the share undivided? |
In Personal Name |
|
|
|
|
Brief Description
of the property |
Property i.e.
land having Khasra No.144/2 Situated at Mauza Tora, Tajganj Ward (Just Near
Main Fatehabad Road on J.P. Hotel to Akashwani Main Road, Tehsil and District
Agra. The above said property is only developed land. Surroundings: East: 38.00 mt
Wide Road West: Other’s
Property North Other’s
Property South: Rasta |
|
|
|
|
Whether covered
under corporation/ Panchayat/ Municipality |
In Agra
Development Authority Limit |
|
|
|
|
Any specific Identification
Mark (Like electric pole, dig well etc.)
|
On main road |
|
|
|
|
Is it freehold or
lease hold land? |
Freehold land |
|
|
|
|
Is there any
restrictive covenant in regard to use of land? |
Residential/
Bazar Street/ Hotel |
|
|
|
|
Is the property
situated in residential/ commercial/ Mixed area/ industrial area? |
Developed Area. |
|
|
|
|
Year of
Acquisition/ Purchases |
07.11.2001 |
|
|
|
|
Value of purpose
price |
As per deed |
|
|
|
|
Classification of the site Population Group High/ Medium Class/ Poor Class Residential/ Non-Residential Development of surrounding area possibility
of any threat to the property (Flood, Claminities etc) |
Upper Class Upper Class Mixed Developed |
|
|
|
|
Proximity to civic
amenities like school hospitals, offices |
With in 5.0 km
Distance |
|
|
|
|
Terrain of Land |
Plain |
|
|
|
|
Whether the plots
is intermittent or corner |
Corner Plot |
|
|
|
|
Roads, streets on
which the land is abutting |
Main Road |
|
|
|
|
Front Width of
the Road |
38.00 mt. Wide
road |
|
|
|
|
Source of water
and water potentiality |
Ground Water |
|
|
|
|
Sewage disposal –
whether connected to public sewer. If septic tank is provided nos. and
capacity |
Septic Tank |
|
|
|
|
Availability of
power supply |
By UPSEB feeder |
|
|
|
|
The above said
property is valued on the basis of land building method. The circle rates in
that area are Rs.13000.00 per sq. mt and due to corner taken as Rs.14300.00 per
sq. mt and on main Fatehabad Road area Rs.30000.00 per sq. mt. and The market
rate in that area is Rs.27000.00 per sq. mt. |
|
|
Is the building
owner occupied/ tenanted/ Both? |
Owner Occupied |
|
|
|
|
If pump is
installed, who has to bear the cost of maintained and operation owner of
tenant |
By Owner |
|
|
|
|
PROPERTY DETAILS – Part I = Valuation of Land |
|
|
|
|
|
Dimension of
Plot/ Shop |
As per plan |
|
Total Are of Plot
|
3344.00 sq. mt. |
|
Prevailing Market
Rate |
Rs.25000.00 – 30000.00
per sq. mt. |
|
Guide line rate
obtained from the registrar |
Rs.14300.00 per
sq. mt. |
|
Assessed adopted
rate of valuation |
Rs.27000.00 per
sq. mt. |
|
Estimated value
of the land |
Rs.90.288
Millions |
|
|
|
|
DETAILS OF VALUATION |
|
|
Cost of Construction Since it is only
plot, so construction value is not taken in accounts. |
|
|
Cost of Land |
|
|
Total area of
land 3344.00 sq. mt @ Rs.27000.00 per sq.mt of land area |
Rs.90.288
Millions |
|
Total |
Rs.90.288 Millions |
|
|
|
|
Net Value of property |
Rs.90.288 Millions |
|
|
|
|
The overall fair market value of the
property is Rs.90.200 Millions The realizable sale value of the property
after considering all facts is Rs.81.200 Millions The value of the property as per circle
rate is Rs.47.819 Millions |
|
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 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 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.53.81 |
|
|
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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.