|
Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
PREM INFRACITY PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
Shop No. 4, 4-A, Second Floor,
Aparna Mall, Hospital Road, Agra – 282003, Uttar Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 (Provisional) |
|
|
|
|
Date of
Incorporation : |
18.05.2010 |
|
|
|
|
Com. Reg. No.: |
040660 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2.045 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70102UP2010PTC040660 |
|
|
|
|
TIN No.: |
09300121721 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Real Estate Developers |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Project under construction |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated during May 2010, the project of
the company is under construction. It is a real estate development company. The net worth is fair. Business is active. Payment terms are unknown. The company can be considered for business dealings with great
caution. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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. Ashish Mangal |
|
Designation : |
Director |
|
Contact No.: |
91-8126599333 |
|
Date : |
31.07.2013 |
LOCATIONS
|
Registered/
Administrative Office : |
Shop No. 4, 4-A, Second Floor,
Aparna Mall, Hospital Road, Agra – 282003, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8126599333/ 9897100439/ 9897824100/ 9319105282/ 9897231623 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Proposed Address : |
Khasra No.206, Village Sunari, 175 Foot Road, Shastri Puram, M G Road
2, Agra, Uttar Pradesh, India |
DIRECTORS
(AS ON 31.03.2013)
|
Name : |
Mr. Kamal Kumar Keshwani |
|
Designation : |
Director |
|
Address : |
92, Surya Nagar, Agra – 282002, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.11.1969 |
|
PAN No.: |
ABRPK3458N |
|
|
|
|
Name : |
Mr. Jitendra Kumar Keshwani |
|
Designation : |
Director |
|
Address : |
92, Surya Nagar, Agra – 282002, Uttar Pradesh, India |
|
Date of Birth/Age : |
30.07.1977 |
|
PAN No.: |
AHEPK8953B |
|
|
|
|
Name : |
Mr. Ashish Mangal |
|
Designation : |
Director |
|
Address : |
B-124, Kamla Nagar, Agra – 282005, Uttar Pradesh, India |
|
Date of Birth/Age : |
12.10.1978 |
|
|
|
|
Name : |
Mr. Upendra Chhabra |
|
Designation : |
Director |
|
Address : |
72, Pandav Nagar, Shahganj, Agra - 282009, Uttar Pradesh,
India |
|
Date of Birth/Age : |
11.06.1980 |
|
PAN No.: |
AAOPB0592Q |
MAJOR SHAREHOLDERS/ SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Real Estate Developers. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Retailers |
|
|
|
|
No. of Employees : |
80 (Approximately) |
|
|
|
|
Bankers : |
· Bank of India Agra – 282003, Uttar Pradesh, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Purushottam Agarwal and Company Chartered Accountants |
|
Address : |
401, 4th Floor, 118/8, Maruti Plaza, Sanjay Place, Agra –
282002, Uttar Pradesh, India |
|
Tel No.: |
91-562-4061528 |
|
Mobile No.: |
91-9412180594 |
|
Email : |
|
|
|
|
|
Associates/Subsidiaries : |
· Shankar Merchants Private Limited · Sanjiro Products Limited · L. D. K. Builders Private Limited · L D K Shares and Securities Private Limited · L.D.K. Commodities Private Limited · Shourat Hotels Private Limited · Fidelity Holdings Private Limited · Satya Castings Private Limited · Manisha Colonisers Private Limited · Varsha Colonisers Private Limited · Padampat Gopalkrishna Ramapati Qualituf Limited · A V M Cycle Manufacturers Private Limited · Prem Agrotech (India) Private Limited · Prem Infracity Private Limited · Prem Stock Broker Private Limited · Fence Projects Private Limited · Spiderman Flouriculture Private Limited · Prem Spa and Retreats Private Limited · Benara Infrastructure Development Private Limited · Bholey Baba Infracon Private Limited · Honeydew Real Estate Developers Private Limited |
CAPITAL STRUCTURE
(AS ON 31.03.2013
– PROVISIONAL)
Authorised Capital: Not Available
Issued, Subscribed & Paid-up Capital: Rs.2.045 Millions
(AS ON 28.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
165500 |
Equity Shares |
Rs.10/- each |
Rs.1.655 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders’ Funds |
|
|
|
|
(a) Share Capital |
2.045 |
1.655 |
0.100 |
|
(b) Reserves & Surplus |
35.892 |
29.547 |
(0.009) |
|
© Money received against share warrants |
0.000 |
2.500 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
47.398 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
85.335 |
33.702 |
0.091 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
44.577 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
©
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
44.577 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Advance Against Booking |
22.400 |
0.000 |
0.000 |
|
(c)
Trade payables |
1.524 |
0.123 |
0.000 |
|
(d)
Other current liabilities |
7.958 |
1.733 |
0.005 |
|
(e)
Short-term provisions |
0.000 |
0.005 |
0.000 |
|
Total
Current Liabilities (4) |
31.882 |
1.861 |
0.005 |
|
|
|
|
|
|
TOTAL |
161.794 |
35.563 |
0.096 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.440 |
0.045 |
0.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.155 |
0.048 |
0.015 |
|
Total
Non-Current Assets |
0.595 |
0.093 |
0.015 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
139.192 |
31.876 |
0.000 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
2.770 |
0.296 |
0.081 |
|
(e)
Short-term loans and advances |
19.237 |
3.298 |
0.000 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
161.199 |
35.470 |
0.081 |
|
|
|
|
|
|
TOTAL |
161.794 |
35.563 |
0.096 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue From Operations |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
0.053 |
0.000 |
|
|
|
TOTAL (A) |
0.000 |
0.053 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
(3.159) |
0.000 |
0.000 |
|
|
|
Other Expenses |
3.558 |
0.016 |
0.000 |
|
|
|
Payment to Auditor |
0.000 |
0.009 |
0.005 |
|
|
|
TOTAL (B) |
0.399 |
0.025 |
0.005 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(0.399) |
0.028 |
(0.005) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(0.399) |
0.028 |
(0.005) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.081 |
0.013 |
0.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(0.480) |
0.015 |
(0.009) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.002 |
0.005 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(0.478) |
0.010 |
(0.009) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
0.06 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.00
|
18.87 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.30)
|
0.04 |
(9.38) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01)
|
0.00 |
(0.10) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.52
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.06
|
19.06 |
16.20 |
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 |
No |
|
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 |
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 |
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 |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
PROJECT
REPORT
|
Name |
Prem Infracity Private Limited |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Constitution |
Private Limited Company |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name of Directors |
· Mr. Kamal Kumar Keshwani · Mr. Jitendra Kumar Keshwani · Mr. Ashish Mangal · Mr. Upendra Chhabra |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Registered office |
Shop No.4, 4-A, 2nd Floor, Aparna
Mall, Hospital Road, Agra – 03, Uttar Pradesh, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Administrative Office |
Shop No.4, 4-A, 2nd Floor, Aparna
Mall, Hospital Road, Agra – 03, Uttar Pradesh, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Address of Site |
175 Ft. Road, Shastri Puram, M. G. Road -2,
Agra – 282007, Uttar Pradesh, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Date of Establishment |
18.05.2010 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Size/ Status/ Type |
462 Flats of 2BHK and 3BHK |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Distance |
Within 6 KM from Sikandra |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Approval from Local Authority |
Yes, Approved by Agra Development Authority |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Whether it is new/ expansion/ Modernization/
Shifting or diversification project |
New Project |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Land |
At Shastripuram, M. G. Road, 2, Agra –
282007 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Project cost |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Means of Finance |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Average Debt Service Converge Ratio |
3.67 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Marketing Aspects |
Very Encouraging |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Technical Aspect |
Architect: Aadharshila (AR Amit Juneja and
Rajni Juneja) Agra |
------------------------------------------------------------------------------------------------------------------------------
COST
OF PROJECT
(RS. IN MILLIONS)
|
Particulars |
Existing |
Proposed |
Total |
|
|
|
|
|
|
Land |
20.023 |
0.000 |
20.023 |
|
|
|
|
|
|
Building Construction and Site Development |
94.592 |
405.408 |
500.000 |
|
|
|
|
|
|
Interests on Loan to be capitalized |
0.000 |
43.500 |
43.500 |
|
|
|
|
|
|
Other Current and Non Current Assets |
22.602 |
(22.602) |
0.000 |
|
|
|
|
|
|
Total |
137.217 |
426.306 |
563.523 |
MEANS
OF FINANCE
(RS. IN MILLIONS)
|
Particulars |
Existing |
Proposed |
Total |
|
|
|
|
|
|
Promoters Contribution |
|
|
|
|
Shares Capital |
2.045 |
0.000 |
2.045 |
|
Security Premium |
35.892 |
0.000 |
35.892 |
|
Share Application Money |
47.398 |
35.165 |
82.563 |
|
Unsecured Loans |
|
|
|
|
From Directors, Relatives and Friends |
20.000 |
0.000 |
20.000 |
|
Term Loans from Banks |
0.000 |
280.000 |
280.000 |
|
Advances From customers |
22.400 |
120.623 |
143.023 |
|
Sundry Creditors |
9.482 |
(9.482) |
0.000 |
|
|
|
|
|
|
Total |
137.217 |
426.306 |
563.523 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT
PROFITABILITY STATEMENT
(RS. IN MILLIONS)
|
Particulars |
Amount |
|
|
|
|
Sales |
739.200 |
|
Total (A) |
739.200 |
|
|
|
|
Total Cost of
Land |
20.023 |
|
|
|
|
Total Cost of
Construction and Site Development |
500.000 |
|
|
|
|
Total (B) |
520.023 |
|
|
|
|
Total Profit
Before Interests |
219.177 |
|
Total Interests
on Loan |
85.500 |
|
Selling Expenses
|
22.200 |
|
Administrative
Expenses |
22.200 |
|
|
|
|
Total Profit
before Tax |
39.277 |
|
|
|
|
Total Provision
for Tax @ 33.99% |
30.345 |
|
|
|
|
Total Net Profit
|
58.932 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
PROFITABILITY STATEMENT
(RS. IN MILLIONS)
|
Particulars |
Year 2014 |
Year 2015 |
Year 2016 |
Year 2017 |
|
|
|
|
|
|
|
|
0.0% |
25.00% |
30.00% |
45.00% |
|
|
|
|
|
|
|
Sales |
0.000 |
184.800 |
221.760 |
332.640 |
|
Construction
Revenue |
0.000 |
0.000 |
0.000 |
0.000 |
|
Closing WIP
Aparna Prem |
359.115 |
412.147 |
261.976 |
0.000 |
|
Closing WIP IInd
Project |
24.577 |
24.577 |
24.577 |
24.577 |
|
Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total |
383.692 |
621.524 |
508.313 |
357.217 |
|
|
|
|
|
|
|
Opening WIP Aparna
Prem |
114.615 |
359.115 |
412.147 |
261.976 |
|
Opening WIP IInd
Project |
24.577 |
24.577 |
24.577 |
24.577 |
|
Purchase of Land
for IInd Project |
0.000 |
0.000 |
0.000 |
0.000 |
|
Construction
Expenses |
231.000 |
174.408 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total Cost of
Construction |
370.192 |
558.100 |
436.724 |
286.553 |
|
|
|
|
|
|
|
Gross Profit |
13.500 |
63.424 |
71.589 |
70.664 |
|
Administrative
and Selling Expenses |
0.500 |
11.100 |
13.300 |
20.000 |
|
Interests on
Loan |
13.500 |
30.000 |
31.500 |
10.500 |
|
Total |
14.000 |
41.100 |
44.800 |
30.500 |
|
|
|
|
|
|
|
Profit Before
Tax |
(0.500) |
22.324 |
26.789 |
40.164 |
|
|
|
|
|
|
|
Provision for
Tax @ 33.99% |
0.000 |
7.588 |
9.106 |
13.652 |
|
|
|
|
|
|
|
Net Profit |
(0.500) |
14.736 |
17.683 |
26.512 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
Year 2014 |
Year 2015 |
Year 2016 |
Year 2017 |
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
Promoters
Contribution |
|
|
|
|
|
Share Capital |
6.508 |
6.508 |
6.508 |
6.508 |
|
Security Premium
|
114.470 |
114.470 |
114.470 |
114.470 |
|
Share Application
Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Reserves and
Surplus |
|
|
|
|
|
Profit and Loss |
(0.978) |
13.758 |
31.441 |
57.954 |
|
|
|
|
|
|
|
Unsecured Loan |
|
|
|
|
|
From directors, Relatives and Friends |
|
|
|
|
|
For Aparna Prem
Project |
20.000 |
20.000 |
20.000 |
20.000 |
|
For IInd Project
|
24.577 |
24.577 |
24.577 |
24.577 |
|
|
|
|
|
|
|
Term Loan from
Bank |
120.000 |
280.000 |
140.000 |
0.000 |
|
|
|
|
|
|
|
Advance from
Customers |
100.084 |
15.076 |
70.224 |
0.000 |
|
|
|
|
|
|
|
Other Current
Liabilities |
0.250 |
0.200 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total |
384.911 |
474.589 |
407.220 |
223.509 |
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
0.440 |
0.440 |
0.440 |
0.440 |
|
|
|
|
|
|
|
Work in Progress |
|
|
|
|
|
Aparma Prem |
359.115 |
412.147 |
261.976 |
0.000 |
|
IInd Project |
24.577 |
24.577 |
24.577 |
24.577 |
|
|
|
|
|
|
|
No Current
Assets |
0.100 |
37.000 |
120.000 |
197.000 |
|
|
|
|
|
|
|
Cash and Bank
Balances |
0.679 |
0.425 |
0.227 |
0.492 |
|
|
|
|
|
|
|
Other Current
Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total |
384.911 |
474.589 |
407.220 |
223.509 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
CASH FLOW STATEMENT
(RS. IN MILLIONS)
|
Particulars |
Year 2014 |
Year 2015 |
Year 2016 |
Year 2017 |
|
|
|
|
|
|
|
SOURCES OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
Promoters
Contribution |
|
|
|
|
|
Shares Capital |
0.000 |
0.000 |
0.000 |
0.000 |
|
Security Premium
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Shares
Application Money |
35.165 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Unsecured Loans |
|
|
|
|
|
From Directors,
Relatives and Friends |
|
|
|
|
|
For Apartna Prem
Project |
0.000 |
0.000 |
0.000 |
0.000 |
|
For IInd Project
|
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Term Loan from
Bank |
120.000 |
160.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Advance from
Customer |
77.684 |
99.792 |
276.908 |
262.416 |
|
|
|
|
|
|
|
Other Current
Liability |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Other current
Assets |
19.237 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Non Current
Assets |
0.055 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Other Receipts |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Total |
252.141 |
259.792 |
276.908 |
262.416 |
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
Purchase of Land Including Stamp Duty |
|
|
|
|
|
Aparna Prem
Project |
0.000 |
0.000 |
0.000 |
0.000 |
|
IInd Project |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Construction Expenses
Including Development |
231.000 |
174.408 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Fixed Assets
Purchased |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Repayment of
Term Loan |
0.000 |
0.000 |
140.000 |
140.000 |
|
|
|
|
|
|
|
Selling and Administrative
expenses |
0.500 |
11.100 |
13.300 |
20.000 |
|
|
|
|
|
|
|
Interests on
Term Loan |
13.500 |
30.000 |
31.500 |
10.500 |
|
|
|
|
|
|
|
Repayment to
Suppliers |
9.232 |
0.050 |
0.200 |
0.000 |
|
|
|
|
|
|
|
Tax Paid |
0.000 |
7.583 |
9.106 |
13.652 |
|
|
|
|
|
|
|
Other Current
Assets |
0.000 |
0.000 |
0.000 |
1.000 |
|
|
|
|
|
|
|
Non Current
Assets |
0.000 |
36.900 |
83.000 |
77.000 |
|
|
|
|
|
|
|
Total |
254.232 |
260.046 |
277.106 |
262.152 |
|
|
|
|
|
|
|
Opening Balance |
2.769 |
0.678 |
0.424 |
0.225 |
|
|
|
|
|
|
|
Surplus/
(Deficit) |
(2.091) |
(0.254) |
(0.198) |
0.264 |
|
|
|
|
|
|
|
Closing Balance |
0.678 |
0.424 |
0.226 |
0.491 |
------------------------------------------------------------------------------------------------------------------------------
DEBT
SERVICE COVERAGE RATIO (DSCR) ON CASH FLOW BASIS)
(RS. IN MILLIONS)
|
Particulars |
Year 2014 |
Year 2015 |
Year 2016 |
Year 2017 |
|
|
|
|
|
|
|
Sales Receipts |
77.684 |
99.792 |
276.908 |
262.416 |
|
Interests on
Loan |
13.500 |
30.000 |
31.500 |
10.500 |
|
|
|
|
|
|
|
Total Cash
Available for Loan Repayment (A) |
91.184 |
129.792 |
308.408 |
272.916 |
|
|
|
|
|
|
|
Repayment of
Loan |
0.000 |
0.000 |
140.000 |
140.000 |
|
|
|
|
|
|
|
Interests on
Loan |
13.500 |
30.000 |
31.500 |
10.500 |
|
|
|
|
|
|
|
Total Liability
of Loan (B) |
13.500 |
30.000 |
171.500 |
150.500 |
|
|
|
|
|
|
|
D.S.C.R. |
6.75 |
4.33 |
1.80 |
1.81 |
|
|
|
|
|
|
|
Average DSCR |
3.67 |
|
|
|
------------------------------------------------------------------------------------------------------------------------------
NET
WORTH STATEMENT
MR. ASHISH MANGAL
(RS. IN MILLIONS)
|
Particular |
As on 31.03.2011 |
|
|
|
|
Commercial
Property at B -53 Kamal Nagar (Market Value) |
9.000 |
|
|
|
|
Aparna
Infrabuilders Private Limited – Loan Rs.5.638 Millions Less: Loan Taken
Rs.2.152 Millions |
3.486 |
|
|
|
|
Shares and
Debentures |
1.265 |
|
|
|
|
Loans and
Advances |
0.380 |
|
|
|
|
Cash and Bank
Balance |
0.172 |
|
|
|
|
LIC – Surrender
Value |
0.786 |
|
|
|
|
Gold and Silver
Items |
1.240 |
|
|
|
|
Car – Rs.0.523
Million Less: Loan Taken
Rs.0.253 Million |
0.270 |
|
|
|
|
Misc Assets |
0.235 |
|
|
|
|
Total |
16.834 |
------------------------------------------------------------------------------------------------------------------------------
NET
WORTH STATEMENT
MR. UPENDRA CHHABRA
(RS. IN MILLIONS)
|
Particular |
As on 31.03.2011 |
|
|
|
|
Aparna
Infrabuilders Private Limited – Loan |
5.276 |
|
|
|
|
Aparna Builders
– Partner’s Capital |
0.642 |
|
|
|
|
Shares and
Debentures |
1.270 |
|
|
|
|
Loans and Advances
|
0.535 |
|
|
|
|
Cash and Bank
Balance |
0.275 |
|
|
|
|
LIC – Surrender
Value |
0.793 |
|
|
|
|
Gold and Silver
Items |
1.163 |
|
|
|
|
Car |
0.466 |
|
|
|
|
Misc Assets |
0.270 |
|
|
|
|
Total |
10.690 |
------------------------------------------------------------------------------------------------------------------------------
NET
WORTH STATEMENT
MR. JITENDRA KUMAR KESHWANI
(RS. IN MILLIONS)
|
Particular |
As on 31.03.2011 |
|
|
|
|
A. Immovable Proprieties
|
|
|
House Property at 63, Surya Nagar, Agra |
5.000 |
|
House Property at 92, Surya Nagar, Agra |
6.000 |
|
House Property at 96, Surya Nagar, Agra |
6.000 |
|
House Property at 97, Surya Nagar, Agra |
6.000 |
|
Shop TDI Mall, Agra |
2.000 |
|
|
|
|
B. Movable
Proprieties |
|
|
Investment
in Shares |
|
|
Fidelity Holdings Private Limited (50000) |
0.000 |
|
Padampat Gopal Krishan (200) |
0.002 |
|
LDK Commodity (10000) |
1.000 |
|
LDK Builders (190) |
0.010 |
|
LDK Shares (12530) |
1.253 |
|
Ravinder Buildtech (8000) |
0.080 |
|
SS Flavours Private Limited (5000) |
0.050 |
|
Emerge Education (5000) |
0.050 |
|
Shankar Merchants (25000 |
0.250 |
|
Prem Infracity (2500 |
0.025 |
|
LDK Finance (18000) |
0.180 |
|
|
|
|
Jewellery |
0.700 |
|
|
|
|
Cash
and Bank Balance |
0.025 |
|
|
|
|
Total |
28.625 |
------------------------------------------------------------------------------------------------------------------------------
NET
WORTH STATEMENT
MR. KAMAL KUMAR KESHWANI
(RS. IN MILLIONS)
|
Particular |
As on 31.03.2011 |
|
|
|
|
A. Immovable
Proprieties |
|
|
House Property at 92, Surya Nagar, Agra |
6.000 |
|
House Property at 96, Surya Nagar, Agra |
6.000 |
|
House Property at 97, Surya Nagar, Agra |
6.000 |
|
Property at 138-
Okhka Industrial Area, Phase – II, Agra |
250.000 |
|
Shops at Puneet
Vrindavan, Agra |
2.000 |
|
|
270 |
|
B. Movable
Proprieties |
|
|
Investment
in Shares |
|
|
Fidelity Holdings Private Limited (50000) |
0.500 |
|
Padampat Gopal Krishan (200) |
0.003 |
|
LDK Commodity (10000) |
1.000 |
|
LDK Builders (190) |
0.010 |
|
LDK Shares (135100) |
3.510 |
|
Satya Castings (35) |
0.004 |
|
SS Flavours Private Limited (5000) |
0.050 |
|
AVM Cycles (930) |
0.093 |
|
Prem Agrotech (5000) |
0.050 |
|
Varsha Colonisers (5000) |
0.050 |
|
Prem SPA (5000) |
0.050 |
|
Prem Infracity (99750) |
0.997 |
|
Prem Stock Broker (5000) |
0.050 |
|
Shankar Merchants (17500) |
0.175 |
|
LDK Finance (17500) |
0.175 |
|
Sanjiro Products
Limited (100) |
0.001 |
|
|
|
|
Jewellery |
0.700 |
|
|
|
|
Cash
and Bank Balance |
0.050 |
|
|
|
|
Total |
277.468 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
PROPERTY I.E.
ABADI LAND OF PREM INFRA CITY (PRIVATE) LIMITED THROUGH – MR. ASHISH MANGAL AND
MR. UPENDRA CHHABRA
|
Purpose for
which valuation is made |
For Bank of
India Kamla Nagar,
Agra |
|
|
|
|
Date on which
valuation is made |
18.12.2012 |
|
|
|
|
If the property
is under joint ownership/ Co-ownership share of each owner, are the shares
undivided? |
NA |
|
|
|
|
Brief
description of the property. |
The above said
propetty is a Abadi land having area 25142.92 sq. mt (5 deeds) |
|
|
|
|
Whether covered
under corporation/ Panchayat/ Municipality |
In Urban Limit |
|
|
|
|
Is it Freehold
or lease hold land? |
Freehold |
|
|
|
|
Is there any
restrictive covenant in regard to use of land? |
Abadi Land |
|
|
|
|
Is the Property
situated in residential/ Commercial/ Mixed Area/ industrial area |
Developed Area |
|
|
|
|
Classification
of the site population group |
Urban Area |
|
|
|
|
High/ Medium
Class/ Poor Class. Residential/ Non
Residential Development of Surrounding area possibility of any threat to the
property (Flood, Claminities etc. |
Middle Class Mixed Area Developed |
|
|
|
|
Proximity to
civic amenities like schools hospitals, offices. |
Within 2.0 km
Distance |
|
|
|
|
Terrain of Land |
Plain |
|
|
|
|
Whether the
plots is intermittent or corner |
Intermittent
Plot |
|
|
|
|
Roads, Streets
on which the land is abutting |
M G Road – 2 |
|
|
|
|
Front Width of
the Road |
About 30.00 Mt
Wide Road |
|
|
|
|
Source of water
and water Potentiality |
Ground Water |
|
|
|
|
Availability of
Power Supply |
By UPSEB Feeder |
|
|
|
|
The above said
property is valued on the basis of land and cost of const method. The circle rate
of this area is Rs.10000.00 per sq. mt and actual market rate of this area is
Rs.7500.00 per sq. mt. |
|
|
|
|
|
Is the Building
Owner Occupied/ tenanted / both? |
Owner Occupied |
|
|
|
|
If Partly Owner-occupied,
specify portion and extent of area under owner occupation. |
Fully Owner
Occupied |
|
|
|
|
PROPERTY DETAILS
PART I –
VALUATION OF LAND |
|
|
Dimension of
Plot |
N.A. |
|
|
|
|
Total Area of
Plot |
25142.92 sq. mt.
|
|
|
|
|
Prevailing
Market Rate |
Rs.7500.00 per
sq. mt. |
|
|
|
|
Guide Line Rate
Obtained from the |
Rs.10000.00 per
sq. mt. |
|
|
|
|
Assessed Adopted
rate of Valuation |
-- |
|
|
|
|
Estimated value
of the land |
Rs.188.572
Millions |
|
|
|
|
DETAILS OF VALUATION
Cost of Land: -------------------- Area of Plot
254142.92 sq. mt. Rs.7500.00 per
sq. mt = Rs.188.572 Millions Cost of Cost:
N.A. Depreciation
N.A. Total Value of
Property Rs.188.572 Millions The realizable sale
value of the property after considering all facts is Rs.169.715 Millions Distress Value
(-10%) Rs.169.715 Millions Value of the
property as per circle rate is Rs.251.429 Millions |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
PROPRIETY IN NAME
OF PREM INFRA CITY PRIVATE LIMITED
LOCATED AT – MAUZA
MAGTAI, AGRA
|
Purpose for which valuation is made |
The stated property was
inspected in December, 2012 and was valued vide their report issued on
20/12/12. Then we were informed that Prem Infracity (Private) Limited ere intending
to purchase the land in reference and the details of which are given below.
This land was then owned by Kushagra Real Estate (Private) Limited Kale Devi
Real Estate and Mr. Ajay Kumar. However, then it was only an agreement for
purchase and vide their issued report, then the property was valued for
Rs.64.000 Millions for the entire area of 20,315 Sq. Mt. Now the owners -
M/s. Prern Infracity (Private) Limited. have purchased 14,670 Sq. Mt. of the
land comprising of several Khasra numbers vide sale deed No. 1481/13 for
Rs.14.670 Millions. The same land with reduced area and now in owners of Pram
Infracity (Private) Limited has been valued below. The same rate posses as
earlier. |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Date as on which valuation is made |
17/07/2013 |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Name of the owner/owners |
Prem Infra City Private
Limited |
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If the property is under joint ownership/co-Ownership, share of each such owner. Are the shares undivided? |
Co-ownership |
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Brief
Description of the property
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The total land has been enclosed by boundary
wall on three sides. The front faces main 115’ highway. The land is at the border
of Magtai and Sunari Village. The land is adjacent to township – Aparna Prem.
It has been acquired from the previous owners by Prem Infra City Private
Limited wide sale deed no.1481/13 but 14670 sq. mt. of for a consideration of
Rs.14.670 Millions having a government value of Rs.58.680 Millions plus
stamps of Rs.4.108 Millions. |
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Dimension of the
site |
Irregular |
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Location,
street, ward no. |
Mauza Magtai,
Agra |
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Survey/ Plot No.
of land |
-- |
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Is the property situated
in residential / Commercial/ Mixed area/ Industrial area? |
Residential Area
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Classification
of locality – high class/ middle class/ poor class |
MIG |
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Proximity to
civic amentities, like schools, hospitals, offices, markets. Cinema etc. |
All within 1.00
K.M. of property |
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Means and
Proximity to surface communication by the locality is serves |
B. T. Road |
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Area of land supported
by documentary proof, shape, dimensions and physical features. |
14,668 sq. mt. |
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Is it leasehold,
the name of lessor/ lessee, nature of lease, dates of commencement and
termination of lease and terms of renewal of lease: |
Freehold |
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Is there any
restrictive convenant in regard to use of land. |
Residential |
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Furnish
technical details of the buildings on a separate sheet |
Open Land |
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Is the building
owner-occupied / tenanted/ both? |
Open Land |
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What is the
floor space index permissible and percentage actually utilized? |
Open Land |
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Give instances of sales of immovable
property in the locality on a separate sheet, indicating the name and address
of the property, registration no., sale price and area of land sold:- The land is irregular in shape, which is in
irregular quadrilateral. It has been leveled and dressed. The land has been
converted under sec. 143 for residential usage. The guideline rate for both
Magtai and Sunari Village is Rs.4,500/- per sq. mt. after concerted
residential plots. By thumb-rules the rate should reduced by 30% or 3,150/-
Rs./sq. mt. Total area of the plot = 14,668.00 sq. mt. Prevailing market rate = 14,668.00 sq. mt. Guideline rate obtained from the register
office. = 14,668.00 sq. mt. Assessed adopted rate of valuation =
Rs.3,150/- per sq. mt. Estimated value of the land= Rs.46.204 Millions |
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SUMMARY OF VALUATION Part I Land = Rs.46.204 Millions Part II Building = -- Part III Projection = -- Total = Rs.46.204 Millions The overall fair market value of the
property is Rs.46.200 Millions The realizable sale value of property may
reduce to Rs.41.500 Millions The guideline rate value of land is
Rs.58.700 Millions |
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------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
PROPERTY IN NAMEOF
M/S APARNA PREM (IKON RESIDENCY) OWNERS PREM INFRACITY PRIVATE LIMITED LO0CATED
AT – KHASRA NO.206 (P), 208 (P), VILLAGE SUNARI, AGRA
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Purpose of
Valuation |
Bank Finance |
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Date of
Inspection |
10.10.2012 |
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If the property
is under Joint Ownership/ Co-ownership share of each such owner/ are the
share is undivided? |
Sole Ownership |
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Brief
Description of the property The said property comprises of an irregular
shaped land, having an approach on 175 ft. Shastri Puram Road. The said
property has been largely acquired in the year 2011 vide several deeds; the
details of deed are given below.
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After acquisition the owners have proposed a
multi-storied residential complex named Aparna Prem which has, following
featured:- |
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Total land area
as acquired and details above Out of this area
proposed for road widening |
25,142.32 sq.
mt. 487,74 sq. mt. |
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Land area left
for future used probably for commercial as it faces the main highway |
758.36 sq. mt. |
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Less area left
for park |
3,584.48 sq. mt.
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Net area left
for residential colony |
20,312.04 sq.
mt. |
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Over this net land area the owners have
proposed a multistoried – 11 floor divided into several blocks, laid in
triangular shape around a park, having approach roads all around. The basic
area proposed for construction is as below: |
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Area stilt
parking for stores etc. |
250.83 sq. mt.
(11 to 11) |
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Covered are
4,592.57 sq,. mt. each floor Total area on 11 Floor 4592.57 x 11 |
50518.27 sq. mt.
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Total covered
area propose 50,769.10 sq. mt. |
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Thus FAR
sanction 50,769.10 ------------------ 20,312.04 |
2.50 |
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Thnese 11
stories buildings with 2.5 FAR will comprise of 2 BHK and 3 BHK flats and the
proposed sellable area as proposed is as below. |
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1. 352 Nos. 2
BHK Flats @ Rs.1,250/- per sq. ft. |
4,40,000.00 sq.
ft. |
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2. 3 BHK flats
having 1600 sq. ft. covered area |
1,76,000.00 sq.
ft. |
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Thus the total
sellable area as per the envisaged project |
6,16,000.00 sq.
ft. |
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Or 57,278 sq.
Mt. |
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This analysis
reflects the super-built construction area charges to the flat owners =
57228/50,769 |
12.72% |
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Thus the
analysis of the project reflects the followings basis information |
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The Proposed sellable
flat area |
57,228 sq. mt. |
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Dimension of the
site |
Irregular |
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Site Verified in
presence of (Name Owner/ Representative) |
Owner Himself |
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Whether covered
under corporation/ Panchayat/ Municipality |
Municipality |
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Whether covered
under any land ceiling of state/ central government |
No |
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Any Specific
identification marks (like electric pole No.dug well etc.) |
Village Synari,
Agra |
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Is the land freehold/
lease hold. Are there any restrictive covenants in regard to use of land? |
Freehold |
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Type the
property – whether |
Residential |
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Classification
of the site |
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Population Group
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Urban |
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High/ Middle/
Poor Class |
MIG |
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Residential/ Non
residential |
Residential |
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Development of
surrounding area |
Good |
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Possibility of
any threat to the property (Floods, Calamities etc) |
No |
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Proximity of
civic amenities (Like School, hospital, bus stop, market etc) |
All within 1.00
k.m. of property |
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Terrain of the
land |
Plain |
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Shape of the
(Square/ Rectangle etc.) |
Irregular |
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Whether the
plots is intermittent or corner |
Intermittent |
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Type of sewerage
systems |
Sewer Line |
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Availability of
Power supply |
UPSEB |
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Given Instance
of sales of immovable property in the locality on a separate sheet indicating
the name and address of the property, registration No. Sale price and area of
land sole. |
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Any Project has to be evaluated based on its
economics in present status, it is a known fact in neighboring areas close to
the city for instance in Shastri Puram Similar Flats Multi – Storeged
building the rate for occupancy = 2200 per sq. ft. = ie 23,700/- per sq. mt
from this rate 10% contractors profit assuming that the project will continue
to take shape in next year, they recommend 25% as deduction for holding and
interests cost. |
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Thus basic
salebale rate |
Rs.23,700/- per
sq. mt. |
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Therefore
adjustment of 35% of Rs.23,700/- per sq. ft. |
Rs.8,295/- per
sq. mt. |
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Hence Net
Realizable rate |
Rs.115,405/- per
sq. mt. |
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Less Cost of
Constriction |
Rs.12,000/- per
sq. mt. |
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Net land rate
realizable or say |
Rs.3,400/- per
sq. mt. |
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Saleable Built
up area as |
Rs.57,228/- per
sq. Mt. |
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Hence value of land 57,228 Sq. Mt. @ Rs. 3.405/- per Sq.
Mt. |
Rs.194.861
Millions |
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ADD for area for future use facing main road at |
Rs.7.587 Millions |
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Total Value of land share as project analysis |
Rs.202.162 Millions |
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Alternatively, if they zone the land and establish the
value then the following is of relevance. |
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1. Guideline race
for the land facing |
Rs.10,000/- per
sq. mt. |
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2. Rates for
residential lands in Village Sonari |
Rs.4,500/- 4,000/-
per sq. mt. |
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Market rates for
land facing main road Rs.10,000/- per sq. mt. Residential Plots inside in developed
colony Rs.8000/- per sq. mt. The land area rates in undeveloped and
unapproved colonies = 5000/- per sq. mt. Alternatively they have worked out the value of land based on market rates, if property was to be purchased from the market and the same is as below:- ·
The market rates
for lands which face main road i.e. 175 Ft. road without doubt have market
rate of Rs. 10,000/- per Sq. Mt. which is also the guideline rate. Looking to
the status of purchase and also the deeds it is identified that 4200 Sq. Mt.
of land faces main road and entire land of the project. Rest of the
land falls in the second zone i.e. area 20942 Sq. Mt. falls
on the second zone. ·
It is also known
that this land in the second zone can be used for residential colony, which
is next best used in the market if multistory building is not considered. ·
It is also known
that in case of developed residential colony 30% land wastage is to be
considered and, therefore, the land area sellable would be 70% of above i.e.
14,660 Sq. Mt. ·
It is also known
that the value of such developed residential plots is Rs.8,000/- per Sq. Mt.
in approved and developed colonies. This colony has approved status basically
external and internal charges have already been paid and is already developed
with roads and infrastructure. Therefore, this land area 14660 Sq. Mt. in the
market can easily fetch a rate of Rs.8000 per Sq. Mt. Hence the value is
summarized as below if market rate of land is to be considered in as it is
status for a colony development. Land in front 4200 sq. mt. @ Rs.10,000/- per sq. mt. =
Rs.42.000 Millions Balance land 14660 sq. mt. @ Rs.8,000/- per sq. mt. =
Rs.117.280 Millions Total
Value of land = Rs.159.280 Millions or
say Rs.160.000 Millions As a third Option they have also considered a guideline rate in present status. The guideline rate for lands facing main road = Rs.10,000/- per sq. mt. The guideline rate for lands in the second zone @ Rs.4,500/- per sq. mt. Thus the guideline rate value of the land is 4200 sq. mt. @10,000/- Rs./ sq. mt. = Rs.42.000 Millions Balance 20,942 sq. mt. Rs.4,500/- per sq. mt. = Rs.94.243 Millions Total Guideline rate value of the land = Rs.136.229 Millions Based on all the above three analysis they analyze the value of land as below. The fair market value of land is average of the two i.e. Rs.200.000 Millions and 160.000 Millions = Rs.180.000 Millions The guide has rate value of the land = 136.000 Millions The realizable sale value of the land may reduce by 15% i.e. Rs.150.000 Millions SUMMARY OF
VALUATION Part I Land = Rs.180.000 Millions Part II Building = -- Part III Proposed Construction = -- Total = Rs.180.000
Millions The overall fair
market value of the property is Rs.180.000 Millions The realizable sale
value of property may reduce to Rs.150.000 Millions The guideline rate
value of land is Rs.136.000 Millions |
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------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
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.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.