|
Report Date : |
14.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRUE WALL SPECIALITIES PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
182/1, Retiwala Compound, Cadell Road, Mahim (West), Mumbai – 400016,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013
(Provisional) |
|
|
|
|
Date of
Incorporation : |
14.05.2007 |
|
|
|
|
Com. Reg. No.: |
11-170792 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36990MH2007PTC170792 |
|
|
|
|
IEC No.: |
0310019915 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT6714B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and Installation of Aluminium Glazing Systems and
Architectural Curtain Wall Systems. |
|
|
|
|
No. of Employees
: |
270 (Approximately) (In Office – 25, In Factory – 45 and In Branch –
200) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The external borrowings of the company appear to be increasing.
However, the company has achieved better growth in its revenue during 2013.
There appears some dip in the profit margin. Trade relations are reported as fair. Business is active. Payment terms
are slow but correct. The company can be considered 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 – 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. Jital Mehta |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-9870994514 |
|
Date : |
10.08.2013 |
LOCATIONS
|
Registered Office : |
182/1, Retiwala Compound, Cadell Road, Mahim (West), Mumbai – 400016,
Maharashtra, India |
|
Tel. No.: |
91-22-24442979/ 24451449 |
|
Mobile No.: |
91-9821161068 (Mr. Harpreet Singh Marwah) 91-9967099862 (Mrs. Manpreet Kaur Marwah) 91-9870994514 (Mr. Jital Mehta) |
|
Fax No.: |
91-22-24445222 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Times Square, Unit No 1 B, 4th Floor, Opposite Mittal
Estate, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-67584701/ 67584702 |
|
Fax No.: |
91-22-67584708 |
|
Area : |
4000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Sagar Complex, Building No.M2, Gala No.5 to 8, Owali Village,
Bhiwandi, India |
|
Area : |
15000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Offices: |
Located at: · Chandigarh · Mohali · Chennai · Bangalore |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Harpeetsingh Harindersingh Marwah |
|
Designation : |
Director |
|
Address : |
14, Resham Apartment, |
|
Date of Birth/Age : |
01.09.1972 |
|
Qualification : |
B.E. Civil |
|
Experience : |
14 Years |
|
Date of Appointment : |
14.05.2007 |
|
PAN No.: |
AJOPM5748G |
|
Passport No.: |
Z1781699 |
|
DIN No.: |
00694943 |
|
|
|
|
Name : |
Mrs. Manpreet Kaur Harpeetsingh Marwah |
|
Designation : |
Director |
|
Address : |
14, Resham Apartment, |
|
Date of Birth/Age : |
18.06.1978 |
|
Qualification : |
B.Com |
|
Experience : |
5 Years |
|
Date of Appointment : |
14.05.2007 |
|
PAN No.: |
AOVPM5937K |
|
Passport No.: |
G5305315 |
|
DIN No.: |
00695131 |
KEY EXECUTIVES
|
Name : |
Mr. Jital Mehta |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Harpeetsingh Harindersingh Marwah |
|
700000 |
|
Manpreet Kaur Harpeetsingh Marwah |
|
300000 |
|
|
|
|
|
Total |
|
1000000 |
(AS ON 29.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Installation of Aluminium Glazing Systems and
Architectural Curtain Wall Systems. |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Cash |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Suppliers : |
· Aarkay Metal and Steel Tube Company · Aastha Tech Products Private Limited · ABP Enterprises · Ajay Industries · Asahi India Gass Limited · Aura International Private Limited · Betma Tools Corporation · Bombay Aluminium · Bramha Impex Private Limited · Chunilal Nagrdas and Company · Dan Pal (India) Private Limited · Delta Metals · Dorma India Private Limited · Dynatech Engineers · FG Glass Industries Private Limited · Galaxy Glass Products private limited · GSC Glass Limited · Gujarat Aluminium Extrusions Private Limited · Hari Om Tempanes · Hilti India Private Limited · Jai Bhavani Engineering works · Jainam Enterprises · Ketan Distributors · KLB Marketing · Kurla Glass Centre · Laxmi Industries · LGF Sysmac India Private Limited · Mahavir Industries · Manav Steel and Engineering Company · M. J. Coaters Private Limited · Osaka Rubber Private Limited · Sapa Profiles India Private Limited · S D Corporation · Sezal Glass Limited · Sita Iron Stores · South India Enterprises Private Limited · Vinayak Granite · Vinay Enterprises |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
· Accent Hotels Private Limited · Amber Real Estate Limited · Beekalene Fabrics Private Limited · Benchmark Developers · Bharti Realty Limited · Calvin Realtors · Deserve Exim Private Limited · Dhanlaxmi Builders and developers · Donear Industries Limited · Gratex Industries Limited · Hi Rock Constriction Private Limited · Jayesh Enterprises · JSW Steel Limited · Kores India Limited · Kujjal Builders Private Limited · Lake View Developers · M Baria Developers · Media Infotek Park · Nidhi Ispat · Nish Developers Private Limited · Omkar Realtors and Developers Private Limited · Poonam Chambers B Wing Commercial Co-operative Society Limited · Pratibha Al Ambia JV · Reliance Ports and Terminals Limited · Rupa Investment Limited · Sandhu Contractors Private Limited · Shree Hanuman Steels Private Limited |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
270 (Approximately) (In Office – 25, In Factory – 45 and In Branch –
200) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Standard Chartered Bank SME Credit, Crescenzo, 3A/F, Plot No.C-38 and 39, G Block, Bandra Kurla
Complex, Bandra, Mumbai – 400051, Maharashtra, India · State Bank of Hyderabad Retail Asset and Small and Medium Enterprises, New India Assurance Building, Nagindas Master Road, Fort, Mumbai – 400023, Maharashtra, India · Standard Chartered Bank SME Credit, 23-25, M. G. Road, Fort, Mumbai – 400001, Maharashtra,
India · Standard Chartered Bank Dadar Branch, Mumbai, Maharashtra, India · Bank of Baroda · Catholic Syrian Bank · HDFC Bank Limited · Kotak Mahindra Bank Limited |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Credit Limit Rs.210.000 Millions (Overall Limit) from Standard Chartered Bank
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D. J. Mehta and Company Chartered Accountants |
|
Address : |
3, Shrada Estate, L. T. Road, Vazira Naka, Borivali (West), Mumbai –
400092, Maharashtra, India |
|
Tel. No.: |
91-22-8997960/ 32962277 |
|
Mobile No.: |
91-9820036261 |
|
PAN No.: |
AACPM0822A |
|
|
|
|
Associates/Subsidiaries : |
· Harsim Investment (Harpreet Singh Marwah – HUF) 182/1, Retiwala Compound, Cadel Road, Mahim (West), Mumbai – 400016,
Maharashtra, India Activity: Investment |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 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 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
53.320 |
46.676 |
38.944 |
|
|
4] Share Premium Account |
3.600 |
3.600 |
3.600 |
|
|
5] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
66.920 |
60.276 |
52.544 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
110.759 |
98.300 |
55.945 |
|
|
2] Debenture Account |
0.900 |
0.900 |
0.900 |
|
|
3] Unsecured Loans |
72.138 |
60.811 |
52.726 |
|
|
TOTAL BORROWING |
183.797 |
160.011 |
109.571 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
250.717 |
220.287 |
162.115 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
104.820 |
95.010 |
66.325 |
|
|
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 |
|
|
|
|
|
|
Prepaid Expanses |
0.191
|
0.546 |
2.633 |
|
|
Provision for bad debts (FY 2009-2010) |
0.928
|
0.928 |
0.928 |
|
|
Closing Stock |
137.086
|
122.541 |
106.311 |
|
|
Deposits (Assets) |
35.709
|
28.027 |
25.351 |
|
|
Loans & Advances Assets |
34.657
|
39.772 |
32.313 |
|
|
Sundry Debtors |
154.840
|
87.345 |
78.410 |
|
|
Cash In - Hand |
4.430
|
1.079 |
0.306 |
|
|
Bank Accounts |
2.131
|
0.409 |
2.348 |
|
Total
Current Assets |
369.972
|
280.647 |
248.600 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sub Contractor |
0.379
|
0.427 |
0.679 |
|
|
Retention – Sub Contractor |
0.000
|
0.000 |
1.394 |
|
|
Provisions |
48.626
|
40.589 |
29.538 |
|
|
Sundry Creditor – Raw Materials |
165.000
|
101.412 |
104.143 |
|
|
Sundry Creditor – Others |
9.921
|
12.859 |
17.070 |
|
|
Other Current Liabilities |
0.149
|
0.103 |
0.042 |
|
Total
Current Liabilities |
224.075
|
155.390 |
152.866 |
|
|
Net Current Assets |
145.897
|
125.257 |
95.734 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.020 |
0.056 |
|
|
|
|
|
|
|
|
TOTAL |
250.717 |
220.287 |
162.115 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
406.568 |
327.203 |
463.547 |
|
|
|
Other Income |
1.906 |
1.605 |
0.924 |
|
|
|
TOTAL (A) |
408.474 |
328.808 |
464.471 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
295.944 |
222.143 |
354.396 |
|
|
|
Administrative and Selling Distribution
Expenses |
72.348 |
74.562 |
70.449 |
|
|
|
TOTAL (B) |
368.292 |
296.705 |
424.845 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
40.182 |
32.103 |
39.626 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
19.900 |
14.259 |
10.452 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20.282 |
17.844 |
29.174 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.213 |
6.651 |
2.879 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.069 |
11.193 |
26.295 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.426 |
3.460 |
8.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.643 |
7.733 |
17.512 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
46.676 |
38.943 |
21.431 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
53.319 |
46.676 |
38.943 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
7.73 |
17.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.63
|
2.35 |
3.77 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.72
|
3.42 |
5.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.33
|
2.98 |
8.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.19 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.75
|
2.65 |
2.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65
|
1.81 |
1.63 |
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 |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
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 |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED
LOANS
|
Particulars |
31.03.2013 (Provisional) |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Harpreet Singh – Managing Director |
11.735 |
7.463 |
|
Manpreet Kaur Marwah – Director |
4.395 |
2.869 |
|
Bajaj Finance Limited |
1.635 |
0.000 |
|
Barclays Investment and Loans India Limited |
1.874 |
2.868 |
|
Duetsche Bank |
1.893 |
0.000 |
|
Harsim Investment |
43.611 |
47.611 |
|
Kotak Mahindra Bank |
1.244 |
0.000 |
|
Religare Finvest Limited |
2.803 |
0.000 |
|
Sriram City Union Finance Limited |
1.613 |
0.000 |
|
Tata Capital Financial Services Limited |
1.335 |
0.000 |
|
|
|
|
|
Total |
72.138 |
60.811 |
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF FIXED ASSETS
MR.
HARPEETSINGH HARINDERSINGH MARWAH
(RS.
IN MILLIONS)
IMMOVABLE
PROPERTIES
|
Nature of Property |
Location of the property Complete address with
survey no and other details |
Property in the name of |
Approx. value of the property Rupees in Millions |
|
|
|
|
|
|
Residential
Apartment |
Flat No.102, 1st
Floor, A Wing, ECO Elegance, Off Church Road, Marol, Andheri (East), Mumbai,
Maharashtra, India |
Harpreet Singh
Marwah and Manpreet Kaur Marwah |
16.700 |
|
|
|
|
|
|
Residential
Apartment |
Flat 602, 6th
Floor, Guru Anand Tower Rani Sati Marg, Malad (East), Mumbai, Maharashtra,
India |
Harpreet Singh
Marwah |
9.700 |
|
|
|
|
|
|
Residential
Apartment |
Flat No.502, 5th
Floor, Guru Anand Tower, Rani Sati Marg, Malad (East), Mumbai, Maharashtra,
India |
Harpreet Singh
Marwah |
9.700 |
|
|
|
|
|
|
TOTAL |
36.100 |
||
MOVEABLE
PROPERTIES
|
Details of Moveable Assets |
Rs. In Millions |
|
|
|
|
Vehicles (WDV) |
4.219 |
|
|
|
|
Total |
4.219 |
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF FIXED ASSETS
MR. MANPREET
KAUR MARWAH
(RS.
IN MILLIONS)
IMMOVABLE
PROPERTIES
|
Nature of Property |
Location of the property Complete address with
survey no and other details |
Property in the name of |
Approx. value of the property Rupees in Millions |
|
|
|
|
|
|
Residential
Apartment |
Flat No.102, 1st
Floor, A Wing, ECO Elegance, Off Church Road, Marol, Andheri (East), Mumbai,
Maharashtra, India |
Harpreet Singh
Marwah and Manpreet Kaur Marwah |
16.700 |
|
|
|
|
|
|
TOTAL |
16.700 |
||
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
Valuation
Report – Truewall Speciality Private Limited situated at Flat No.502, 5th
Floor, Guru Angad Tower, Near Shah Arcade, Sati Marg, Malad (East), Mumbai –
400097, Maharashtra, India
|
Purpose of Valuation |
Fair Market Value of the property as on
date as per advice of Standard Chartered Bank |
|
|
|
|
Date of Inspection and Valuation |
06.05.2013 |
|
|
|
|
Name of the Applicant |
Truewall Speciality Private Limited |
|
|
|
|
Address of the Property |
Flat 502, 5th Floor, Guru Angad
Tower, Near Shah Arcade, Sati Marg, Malad (East), Mumbai – 400097,
Maharashtra, India |
|
|
|
|
Brief
Description of the property |
|
|
Location, Street, Ward No. |
P North |
|
|
|
|
Type of Area |
Residential |
|
|
|
|
Classification of Locality |
Middle Class |
|
|
|
|
Proximity to civic amenities like School, Market,
College, Hospital, Office etc. |
All civic amenities are easily available. |
|
|
|
|
Nearest Railway Station and Distance from
the property |
Approx. 3 kms away from Malad Railway
Station |
|
|
|
|
Modes of the road for access |
Yes |
|
|
|
|
Name of the road for access |
Rani Sati Marg |
|
|
|
|
Area of land and other details |
-- |
|
|
|
|
Land freehold or leasehold, term of lease,
period expired, balance and lease rent: |
-- |
|
|
|
|
Approvals for drawings from Mun.
Authorities |
Not Available |
|
|
|
|
Occupation Certificate |
No.CHE/6190/BP (WS)/AP on Date 14th
June 2006 |
|
|
|
|
Permitted Land Use |
Residential |
|
|
|
|
Actual Land Use |
Residential |
|
|
|
|
DETAILS
OF STRUCTURE AND SPECIFICATIONS |
|
|
Year of construction of the Building |
Year: Approx 2006 |
|
|
|
|
Age of the Building and Anticipated future
life of the Building |
Age of Building is approx. 7 Years Future life of the Building About 53 years
|
|
|
|
|
Present condition of the Flat and building
(immediate repairs required if any) |
Good |
|
|
|
|
Type of Construction |
RCC Structure |
|
|
|
|
No of floors for building and additional
structures. |
Stilt + 12 Floor |
|
|
|
|
Walls, Plaster and Painting |
Cement Luster Paint and Cement Paint |
|
|
|
|
Door and Windows |
Wooden Door and Aluminum Sliding Windows |
|
|
|
|
Type of Flooring in Rooms, Skirting/
Cladding |
Vitrified Flooring |
|
|
|
|
Flooring in Toilets/ WC/ Bath, Dado |
Ceramic Flooring |
|
|
|
|
Kitchen Platform type and sink |
Granite Kitchen Platform |
|
|
|
|
Toilets Plumbing Lines Concealed/ Open
Type of Plumbing and san fittings any special fittings, ceiling. |
Concealed Plumbing |
|
|
|
|
Electrical Installation open or concealed
wiring Type of switches tel. Points, T.V./ Cable Point |
Concealed Electrical |
|
|
|
|
No of Lifts with capacity and Type: |
2 Nos. |
|
|
|
|
Type of underground, overhead tanks and
staircase |
1 No. Underground Tank 1 No. Overhead Tank |
|
|
|
|
Flooring in Open spaces and stilts and
staircase |
Open space garden titles and Kotastone
Staircase |
|
|
|
|
Compound wall and gates and security: |
5fts height compound wall and 1 non M. S.
Gate with security |
|
|
|
|
Building elevation |
Good |
|
|
|
|
Other amenities and special amenities and
features |
Garden and Play Area |
|
|
|
|
General comments on Specifications: |
Not Available |
|
|
|
|
DETAILS
FOR THE PROPERTY |
|
|
Situated on which floors |
5th Floor |
|
|
|
|
No of Flats on said floor |
2 Nos. |
|
|
|
|
No of Rooms in the said unit |
2 BHK |
|
|
|
|
Balconies to rooms separate or merged |
Not Available |
|
|
|
|
No. of toilets, W.C. and Bath |
2 Nos. |
|
|
|
|
Area of the Flat: Carpet area as per measurement tallies
with carpet area |
600 Sq. ft. |
|
|
|
|
Built up area as per parameter |
840 sq. ft. |
|
|
|
|
Property currently occupied by |
Company employee |
|
|
|
|
ASSUMPTIONS,
DATA AVAILABLE AND BASIS FOR THE PURPOSE OF VALUATION |
|
|
Drawings and Approvals |
Not Available |
|
|
|
|
Area considered for the purpose of valuation
(i.e. Built up area) |
840 sq. ft. |
|
|
|
|
Age of the Building and future life |
Age of Building is: Approx 7 years Future life of the Building about 53 years
|
|
|
|
|
Location and surrounding area |
Residential |
|
|
|
|
Present condition of Unit and structure |
Good |
|
|
|
|
Comments on specifications and amenities: |
Good |
|
|
|
|
Market rates of Properties in the vicinity
and surrounding area: |
Rs.11,000/- per sq. ft. to Rs.12,000/- per sq. ft. |
|
|
|
|
CONCLUSION AND
VALUATION OF THE PROPERTY · Value of structure having Built up area 840 sq. ft. @ Rs.11,500/- per sq. ft. · Value of the property as on date: Rs.9.660 Millions · Reconstruction cost: Rs.1.008 Millions · Forced Sales value (Distressed) Rs.8.211 Millions |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
Valuation
Report for Office No.1B, 4th Floor, A Wing, Times Square, Andheri Kurla
Road, Near Mittal Industrial estate Bus stop, Andheri (East), Mumbai 400059,
Maharashtra, India
|
Purpose of Valuation |
Fair Market Value of the property as on
date as per advice of Standard Chartered Bank |
|
|
|
|
Date of Inspection and Valuation |
09.03.2013 |
|
|
|
|
Name of the Borrower |
Truewall Speciality Private Limited |
|
|
|
|
Flat No. and Floor No. |
Office No. 1B, 4th Floor |
|
|
|
|
Name of the Building |
Times Square |
|
|
|
|
Brief
Description of the property |
|
|
Location, Street, Ward No. |
Andheri, Ward K/E, Mumbai |
|
|
|
|
S. No., Plot No. and C.T.S. No.: |
C.T.S. No.758, 758/1 to 7 |
|
|
|
|
Classification of Locality |
Higher Middle Class |
|
|
|
|
Proximity to civic amenities like School,
Market, College, Hospital, Office etc. |
All available nearby |
|
|
|
|
Nearest Railway Station and Distance from
the property |
Andheri Railway station 03 kms from the
station |
|
|
|
|
Modes of transport to the property |
Buses and Autos |
|
|
|
|
Name of the road for access |
Andheri Kurla Road |
|
|
|
|
Area of land and other details |
-- |
|
|
|
|
Land freehold or leasehold, term of lease,
period expired, balance and lease rent: |
Freehold |
|
|
|
|
Approvals for drawings from Mun.
Authorities/ occupation certificate, ULC Clearance/ F.S.I. Available and
Balance for future use/ F.S.I. from T.D.R. |
Approved Plan No.: CE/8783/WS/AK Date
04.09.2009 Approved for 3 Basement + Ground + 9th
Upper Floor CC No.: CE/8783/WS/AK Date 27.04.2010 Approved for 3 Basement + Ground +9the
Upper Floors |
|
|
|
|
Name of the Co-operative Housing Society:
Registration No. of society: No
of shares held and certificate no: Outgoes per month: |
Society is not formed |
|
|
|
|
DETAILS
OF STRUCTURE AND SPECIFICATIONS |
|
|
Year of construction of the Building |
Approx. 2010 |
|
|
|
|
Age of the Building and Anticipated future
life of the Building |
Age of Building - 3 Years Future life - 57 years |
|
|
|
|
Present condition of the Flat/ Unit and
building and any last required with cost of the same. |
Complete |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Permitted use of the property |
Commercial |
|
|
|
|
Actual use of the property |
Commercial |
|
|
|
|
No of floors for building and additional
structures. |
03 Basement + Ground + 9th
Upper Floors |
|
|
|
|
No of Lifts with capacity and type |
05 Lifts are provided with a capacity of
06 persons |
|
|
|
|
Type of underground, overhead tanks and
pumps |
-- |
|
|
|
|
Flooring in open spaces and stilts and
staircase |
Marble Flooring |
|
|
|
|
Compound Wall and Gated and Security |
5’ Heights compound and 02 MS gates and 4
Security Guards |
|
|
|
|
Building Elevation |
Good |
|
|
|
|
Other amenities and special amenities and
features |
-- |
|
|
|
|
General comments on Specifications: |
-- |
|
|
|
|
DETAILS
FOR THE PROPERTY UNDER REFERENCE: |
|
|
No of floors and gala/ Office/Flats on
each floor |
3 basement + Ground + 9th Upper
floors with 3 Offices on each Floor |
|
|
|
|
No of Rooms for the flat/ Office/
Unit |
Working area + 6 Cabins + 2 Toilets +
Pantry + |
|
|
|
|
Balconies to rooms separate or merged |
Merged
|
|
|
|
|
Walls, Plaster and Painting |
Wall Internally painted with O.B.D. Paint |
|
|
|
|
Door and Windows |
Wooden Flush Doors and Powder Coated
aluminum sliding windows |
|
|
|
|
Type of Flooring in Rooms, Skirting/
cladding |
Marble Flooring |
|
|
|
|
Flooring in toilets / W.C./ Bath Dado |
Full height glazed dado |
|
|
|
|
Kitchen Platform type and sink/ Pantry |
Black Granite kitchen platform with S.S. Sink |
|
|
|
|
Toilets Plumbing lines concealed / open type
of plumbing and san fittings any special fittings, ceiling: |
Concealed |
|
|
|
|
Electrical Installation open or concealed
wiring type of Switches Tel. Point, T.V/ Cables Points |
Concealed |
|
|
|
|
Area of the property Plot Area: Carpet Area: Built Up/ Saleable Area: |
NA 2900 (Physical Measurement) 4085 sq. ft. |
|
|
|
|
Area as per Sale Agreement |
-- |
|
|
|
|
Property Currently occupied by (Owner occupied or tenanted) |
Self Occupied |
|
|
|
|
ASSUMPTIONS,
DATA AVAILABLE AND BASIS FOR THE PURPOSE OF VALUATION |
|
|
Drawings and Approvals |
Approved Plan No.: CE/8783/WS/AK Date
04.09.2009 2652 sq. ft. + 107 sq. ft. Nitch |
|
|
|
|
Area considered for the purpose of
valuation |
4085 sq. ft. |
|
|
|
|
Age of the Building and future life |
Age of Building - 3 years Future life - 57 years |
|
|
|
|
Present condition of Unit and structure |
Complete |
|
|
|
|
Comments on specifications and amenities: |
No |
|
|
|
|
Market rates of Properties in the vicinity
and surrounding area: |
From Rs.14,400/- to Rs.15,400/- depending
on the condition of Unit, Bldg and vicinity like road |
|
|
|
|
CONCLUSION AND
VALUATION OF THE PROPERTY |
|
|
Fair market value of property at (Address)
having built up area 4085 sq. ft. / Value of new structure at the same
location and having same specifications and having carpet area 2900 sq. ft. |
Rs.15,400/- per sq. ft. Fair market value of Property – Rs.62.909
Millions |
|
|
|
|
Value of the property as on date |
Fair market value of property – Rs.62.909
Millions |
|
|
|
|
Reconstruction Cost |
Rs.4.153 Millions |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
Valuation
Report – Truewall Speciality Private Limited situated at Flat No.602, 6th
Floor, Guru Angad Tower, Near Shah Arcade, Sati Road, Malad (East), Mumbai –
400097, Maharashtra, India
|
Purpose of Valuation |
Fair Market Value of the property as on
date as per advice of Standard Chartered Bank |
|
|
|
|
Date of Inspection and Valuation |
04.05.2013 |
|
|
|
|
Name of the Applicant |
Truewall Speciality Private Limited |
|
|
|
|
Address of the Property |
Flat No.602, 6th Floor, Guru
Angad Tower, Near Shah Arcade, Sati Marg, Malad (East), Mumbai – 400097,
Maharashtra, India |
|
|
|
|
Brief
Description of the property |
|
|
Location, Street, Ward No. |
P North |
|
|
|
|
Type of Area |
Residential |
|
|
|
|
Classification of Locality |
Middle Class |
|
|
|
|
Proximity to civic amenities like School,
Market, College, Hospital, Office etc. |
All civic amenities are easily available. |
|
|
|
|
Nearest Railway Station and Distance from
the property |
Approx. 3 kms away from Malad Railway
Station |
|
|
|
|
Modes of the road for access |
Yes |
|
|
|
|
Name of the road for access |
Rani Sati Marg |
|
|
|
|
Area of land and other details |
-- |
|
|
|
|
Land freehold or leasehold, term of lease,
period expired, balance and lease rent: |
-- |
|
|
|
|
Approvals for drawings from Mun.
Authorities |
Not Available |
|
|
|
|
Occupation Certificate |
No.CHE/6190/BP (WS)/AP on Date 14th
June 2006 |
|
|
|
|
Permitted Land Use |
Residential |
|
|
|
|
Actual Land Use |
Residential |
|
|
|
|
DETAILS
OF STRUCTURE AND SPECIFICATIONS |
|
|
Year of construction of the Building |
Year: Approx 2006 |
|
|
|
|
Age of the Building and Anticipated future
life of the Building |
Age of Building is approx. 7 Years Future life of the Building About 53 years
|
|
|
|
|
Present condition of the Flat and building
(immediate repairs required if any) |
Good |
|
|
|
|
Type of Construction |
RCC Structure |
|
|
|
|
No of floors for building and additional
structures. |
Stilt + 12 Floor |
|
|
|
|
Walls, Plaster and Painting |
Cement Luster Paint and Cement Paint |
|
|
|
|
Door and Windows |
Teakwood Door and Steel Sliding Windows |
|
|
|
|
Type of Flooring in Rooms, Skirting/
Cladding |
Vitrified Flooring |
|
|
|
|
Flooring in Toilets/ WC/ Bath, Dado |
Ceramic Flooring |
|
|
|
|
Kitchen Platform type and sink |
Granite Kitchen Platform |
|
|
|
|
Toilets Plumbing Lines Concealed/ Open
Type of Plumbing and san fittings any special fittings, ceiling. |
Concealed Plumbing |
|
|
|
|
Electrical Installation open or concealed
wiring Type of switches tel. Points, T.V./ Cable Point |
Concealed Electrical |
|
|
|
|
No of Lifts with capacity and Type: |
1 Nos. |
|
|
|
|
Type of underground, overhead tanks and
staircase |
1 No. Underground Tank 1 No. Overhead Tank |
|
|
|
|
Flooring in Open spaces and stilts and
staircase |
Vitrified Flooring |
|
|
|
|
Compound wall and gates and security: |
5fts height compound wall and 1 non M. S.
Gate with security |
|
|
|
|
Building elevation |
Good |
|
|
|
|
Other amenities and special amenities and
features |
Garden and Play Area |
|
|
|
|
General comments on Specifications: |
Not Available |
|
|
|
|
DETAILS
FOR THE PROPERTY |
|
|
Situated on which floors |
6th Floor |
|
|
|
|
No of Flats on said floor |
2 Nos. |
|
|
|
|
No of Rooms in the said unit |
2 BHK |
|
|
|
|
Balconies to rooms separate or merged |
Not Available |
|
|
|
|
No. of toilets, W.C. and Bath |
2 Nos. |
|
|
|
|
Area of the Flat: Carpet area as per measurement tallies
with carpet area |
600 Sq. ft. |
|
|
|
|
Built up area as per parameter |
840 sq. ft. |
|
|
|
|
Property currently occupied by |
Vacant |
|
|
|
|
ASSUMPTIONS,
DATA AVAILABLE AND BASIS FOR THE PURPOSE OF VALUATION |
|
|
Drawings and Approvals |
Not Available |
|
|
|
|
Area considered for the purpose of
valuation (i.e. Built up area) |
840 sq. ft. |
|
|
|
|
Age of the Building and future life |
Age of Building is: Approx 7 years Future life of the Building about 53 years
|
|
|
|
|
Location and surrounding area |
Residential |
|
|
|
|
Present condition of Unit and structure |
Good |
|
|
|
|
Comments on specifications and amenities: |
Good |
|
|
|
|
Market rates of Properties in the vicinity
and surrounding area: |
Rs.11,000/- per sq. ft. to Rs.12,000/- per sq. ft. |
|
|
|
|
CONCLUSION AND
VALUATION OF THE PROPERTY · Value of structure having Built up area 840 sq. ft. @ Rs.11,500/- per sq. ft. · Value of the property as on date: Rs.9.660 Millions · Reconstruction cost: Rs.1.008 Millions · Forced Sales value (Distressed) Rs.8.211 Millions |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
Valuation
Report – Truewall Speciality Private Limited situated at Flat No.102, 1st
Floor, A Wing, Eco Elegance, Opposite Eco Height, Off Church Road, Marol,
Andheri (east), Mumbai 400059, Maharashtra, India
|
Purpose of Valuation |
Fair Market Value of the property as on
date as per advice of Standard Chartered Bank |
|
|
|
|
Date of Inspection and Valuation |
04.05.2013 |
|
|
|
|
Name of the Applicant |
Truewall Speciality Private Limited |
|
|
|
|
Address of the Property |
Flat No.102, 1st Floor, A Wing,
Eco Elegance, Opposite Eco Height, Off Church Road, Marol, A. K. Road,
Andheri (East), Mumbai – 400059, Maharashtra, India |
|
|
|
|
Brief
Description of the property |
|
|
Location, Street, Ward No. |
K East
|
|
|
|
|
Type of Area |
Residential |
|
|
|
|
Classification of Locality |
Upper Middle Class |
|
|
|
|
Proximity to civic amenities like School,
Market, College, Hospital, Office etc. |
All civic amenities are easily available. |
|
|
|
|
Nearest Railway Station and Distance from the
property |
Approx. 4 kms away from Andheri Railway
Station |
|
|
|
|
Modes of the road for access |
Yes |
|
|
|
|
Name of the road for access |
Marol Maroshi Road and A. K. Road |
|
|
|
|
Area of land and other details |
-- |
|
|
|
|
Land freehold or leasehold, term of lease,
period expired, balance and lease rent: |
-- |
|
|
|
|
Approvals for drawings from Mun.
Authorities |
Not Available |
|
|
|
|
Occupation Certificate |
No.CHE/8897/WS/AK on Date 20th
June 2009 |
|
|
|
|
Permitted Land Use |
Residential |
|
|
|
|
Actual Land Use |
Residential |
|
|
|
|
DETAILS
OF STRUCTURE AND SPECIFICATIONS |
|
|
Year of construction of the Building |
Year: Approx 2009 |
|
|
|
|
Age of the Building and Anticipated future
life of the Building |
Age of Building is approx. 4 Years Future life of the Building About 56 years
|
|
|
|
|
Present condition of the Flat and building
(immediate repairs required if any) |
Good |
|
|
|
|
Type of Construction |
RCC Structure |
|
|
|
|
No of floors for building and additional
structures. |
Stilt + Podium + 7 Floors |
|
|
|
|
Walls, Plaster and Painting |
Cement Luster Paint |
|
|
|
|
Door and Windows |
Wooden Flush Door and Aluminium Sliding
Window |
|
|
|
|
Type of Flooring in Rooms, Skirting/
Cladding |
Vitrified Flooring |
|
|
|
|
Flooring in Toilets/ WC/ Bath, Dado |
Ceramic Flooring |
|
|
|
|
Kitchen Platform type and sink |
Granite Kitchen Platform |
|
|
|
|
Toilets Plumbing Lines Concealed/ Open Type
of Plumbing and san fittings any special fittings, ceiling. |
Concealed Plumbing |
|
|
|
|
Electrical Installation open or concealed
wiring Type of switches tel. Points, T.V./ Cable Point |
Concealed Electrical |
|
|
|
|
No of Lifts with capacity and Type: |
1 No with 8 nos. persons capacity |
|
|
|
|
Type of underground, overhead tanks and
staircase |
2 No. Underground Tank 2 No. Overhead Tank |
|
|
|
|
Flooring in Open spaces and stilts and
staircase |
Open space garden tiles and staircase
granite |
|
|
|
|
Compound wall and gates and security: |
6fts height compound wall and 2 nos. M. S.
Gate with security |
|
|
|
|
Building elevation |
Good |
|
|
|
|
Other amenities and special amenities and features
|
Garden and Play Area |
|
|
|
|
General comments on Specifications: |
Not Available |
|
|
|
|
DETAILS
FOR THE PROPERTY |
|
|
Situated on which floors |
1st Floor |
|
|
|
|
No of Flats on said floor |
2 Nos. |
|
|
|
|
No of Rooms in the said unit |
3 BHK with Dinning |
|
|
|
|
Balconies to rooms separate or merged |
Separate |
|
|
|
|
No. of toilets, W.C. and Bath |
3 Nos. |
|
|
|
|
Area of the Flat: Carpet area as per measurement tallies
with carpet area |
950 Sq. ft. |
|
|
|
|
Built up area as per parameter |
1330 sq. ft. |
|
|
|
|
Property currently occupied by |
Vacant |
|
|
|
|
ASSUMPTIONS,
DATA AVAILABLE AND BASIS FOR THE PURPOSE OF VALUATION |
|
|
Drawings and Approvals |
Not Available |
|
|
|
|
Area considered for the purpose of
valuation (i.e. Built up area) |
1330 sq. ft. |
|
|
|
|
Age of the Building and future life |
Age of Building is: Approx 4 years Future life of the Building about 56 years
|
|
|
|
|
Location and surrounding area |
Residential |
|
|
|
|
Present condition of Unit and structure |
Good |
|
|
|
|
Comments on specifications and amenities: |
Good |
|
|
|
|
Market rates of Properties in the vicinity
and surrounding area: |
Rs.12,000/- per sq. ft. to Rs.13,000/- per sq. ft. |
|
|
|
|
CONCLUSION AND
VALUATION OF THE PROPERTY · Value of structure having Saleable Built up area 1330 sq. ft. @ Rs.12,500/- sq. ft. . · Value of the property as on date: Rs.16.625 Millions · Reconstruction cost: Rs.1.596 Millions · Forced Sales value (Distressed) Rs.14.131 Millions |
|
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Noble Corporation (Mobile No.: 91-9769675048 – Taikumbha)
· Allarch India Private Limited (Mobile No.9820324824 – Mr. Rakesh Ghai)
· Pareen Enterprises (Mobile No.: 91-9820041264 – Mr. Nishit)
· Bramha Impex (Mobile No.:91-9869003100 – Mr. Jayeshbhai)
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10255721 |
29/09/2011 * |
210,740,000.00 |
Standard
Chartered Bank |
SME Credit,
Crescenzo, 3A/F, Plot No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra,
Mumbai, Maharashtra - 400051, India |
B24108730 |
* Date of charge modification
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Air Conditioner
· Computer Equipments
· Computer Software
· Furniture and Fixtures
· Mobile Phones
·
· Office Equipment
· Pipe and Swivels
· Plant and Machinery
· Vehicle
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.61.43 |
|
|
1 |
Rs.95.08 |
|
Euro |
1 |
Rs.81.78 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.