MIRA INFORM REPORT

Report Date :

26.02.2013

IDENTIFICATION DETAILS

Name :	BALDEV HOUSING AND CONSTRUCTION PRIVATE LIMITED (w.e.f.24.11.2003)
Formerly Known As :	KANSAL IRON FOUNDRY PRIVATE LIMITED
Registered Office :	271, Maharishi Puram, Sikandra Road, Near Guru Ka Taal, Agra – 282007, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	26.06.1996
Com. Reg. No.:	20-020219
Capital Investment / Paid-up Capital :	Rs.5.000 Millions
CIN No.: [Company Identification No.]	U27102UP1996PTC020219
PAN No.: [Permanent Account No.]	AACCB3582A
Legal Form :	Private Limited Liability Company
Line of Business :	Building Construction.
No. of Employees :	10 (Approximately) (In Office – 4 and In Site – 6)

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. The company recorded modest scale of operation and profit margin appears to be low. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Nahar Singh Yadav
Designation :	Director
Contact No.:	91-9837045799
Date :	23.02.2013

LOCATIONS

Registered Office :	271, Maharishi Puram, Sikandra Road, Near Guru Ka Taal, Agra – 282007, Uttar Pradesh, India
Tel. No.:	91-562-2600176
Mobile No.:	91-9837045799 (Mr. Nahar Singh Yadav)
Fax No.:	91-562-2600176
E-Mail :	rohit.cs84@gmail.com baldevhousing@yahoo.com
Area :	2250 sq. ft.
Location :	Owned
Site Office :	Plot No.258,259,266,266A, 267,268,269 at Maharshipuram, Mauza Kakretha, Agra, Uttar Pradesh, India
Area :	1456.19 sq. mt.
Location :	Owned

DIRECTORS

(AS ON 29.09.2012)

Name :	Mr. Banwari Lal Yadav
Designation :	Director
Address :	H. No.40-A/K/99, Village and Post Kakretha, Behind Amar Ujala Press, Sikandra, Agra - 282007, Uttar Pradesh, India
Date of Birth/Age :	10.05.1959
Experience :	10 years
Date of Appointment :	27.09.2003
DIN No.:	01626619
Name :	Mr. Nahar Singh Yadav
Designation :	Director
Address :	H. No.40-A/K/99, Village and Post Kakretha, Behind Amar Ujala Press, Sikandra, Agra - 282007, Uttar Pradesh, India
Date of Birth/Age :	12.08.1980
Qualification :	B. Com
Experience :	10 years
Date of Appointment :	27.09.2003
DIN No.:	01626628

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 29.09.2012)

Names of Shareholders	No. of Shares
Banwari Lal Yadav	237000
Nahar Singh Yadav	237000
Harbhan Singh	500
SMT Devi	500
Shiv Dayal	500
Roshn Singh	20000
Dharam Lata	500
Sri Niwas	500
Shyam Sunder	500
Babloo	500
Hari Prasad	500
Hari Singh	500
Komal Singh	500
Raj Kumar	1000
Total	500000

(AS ON 14.12.2012)

Names of Allottees	No. of Shares Allotted
Banwari Lal Yadav	255000
Nahar Singh Yadav	255000
Total	510000

(AS ON 30.09.2012)

Equity Shares Break – up

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Building Construction.

PRODUCTION STATUS (AS ON 31.03.2012)

Particulars	Installed Capacity	Actual Production
Residential Flats Under G+2 Scheme	41	41

GENERAL INFORMATION

Customers :

End Users

· Birla Wire and Electrical

· B L Construction

· Brijesh Hardware Stores

· Chandra Timber Products

· Goyal Chambalsand

· Radhika Marble

· Rjendra Glass House

· Ram Lal Bheekam Chand and Company

· Sakshi Modular Kitchen

No. of Employees :

10 (Approximately) (In Office – 4 and In Site – 6)

Bankers :

· Bank of India

Kamla Nagar Branch, Agra, Uttar Pradesh, India

Facilities :

Secured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
Bond/ Debentures
Term Loans
- From Banks	0.415	0.526
Total	0.415	0.526

Banking Relations :	--
Auditors :
Name :	Ankit Sharma and Company Chartered Accountant
Address :	F-13, Block No.-25, Above Girraj Restaurant, Sanjay Place, Agra, Uttar Pradesh, India
Mobile No.:	91-9897130081
PAN No.:	BKAPS0767F

CAPITAL STRUCTURE

(AS ON 29.09.2012)

Authorised Capital :

No. of Shares	Type	Value	Amount
1010000	Equity Shares	Rs.10/- each	Rs.10.100 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1010000	Equity Shares	Rs.10/- each	Rs.10.100 Millions

(AS ON 31.03.2012)

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		5.000	5.000	0.980
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		4.574	4.498	4.402
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		9.574	9.498	5.382
LOAN FUNDS
1] Secured Loans		0.415	0.526	0.579
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.415	0.526	0.579
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		9.989	10.024	5.961
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2.785	3.070	0.847
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	16.410	19.598	1.192
	Sundry Debtors	0.422	0.379	0.000
	Cash & Bank Balances	0.061	0.068	0.121
	Other Current Assets	0.000	0.000	18.718
	Loans & Advances	0.350	0.425	0.425
Total Current Assets		17.243	20.470	20.456
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	9.940	13.311	15.299
	Other Current Liabilities	0.099	0.155
	Provisions	0.000	0.050	0.043
Total Current Liabilities		10.039	13.516	15.342
Net Current Assets		7.204	6.954	5.114
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		9.989	10.024	5.961

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	8.127	20.603	14.168
		Other Income	0.000	0.000	0.000
		TOTAL (A)	8.127	20.603	14.168
Less	EXPENSES
		Cost of Materials Consumed	7.223	16.183
		Change of stock-in-trade	(2.406)	(0.885)	13.816
		Employee Benefit Expenses	0.565	0.855
		Other Expenses	2.268	3.844
		TOTAL (B)	7.650	19.997	13.816
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.477	0.606	0.352
Less	FINANCIAL EXPENSES (D)		0.052	0.064	0.063
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.425	0.542	0.289
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.349	0.396	0.149
	PROFIT BEFORE TAX (E-F) (G)		0.076	0.146	0.140
Less	TAX (H)		0.000	0.050	0.039
	PROFIT AFTER TAX (G-H) (I)		0.076	0.096	0.101
	Earnings Per Share (Rs.)		0.15	0.19	1.03

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.94	0.47	0.71
Net Profit Margin (PBT/Sales)	(%)	0.94	0.71	0.99
Return on Total Assets (PBT/Total Assets}	(%)	0.38	0.62	0.66
Return on Investment (ROI) (PBT/Networth)		0.01	0.02	0.03
Debt Equity Ratio (Total Debt/Networth)		0.04	0.06	0.11
Current Ratio (Current Asset/Current Liability)		1.72	1.51	1.33

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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
422]	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	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

------------------------------------------------------------------------------------------------------------------------------

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

Particulars	31.03.2013	31.03.2014	31.03.2015	31.03.2016
	(Projected)	(Projected)	(Projected)	(Projected)
CURRENT LIABILITIES
Short – Term borrowings from banks [including bill purchased, discounted and excess borrowings placed on repayment basis]
From applicant Banks	0.000	0.000	0.000	0.000
From Other Banks	0.000	0.000	0.000	0.000
Of which BP and BD
Sub Total (A)	0.000	0.000	0.000	0.000
Short Term Borrowings from others	0.000	0.000	0.000	0.000
Sundry creditors [Trade]	7.730	21.257	22.269	0.000
Sundry creditors [Expenses]	0.000	0.000	0.000	0.000
Advance payments from customers/ deposits from dealers	0.000	0.000	0.000	0.000
Provision of taxes	0.000	0.000	0.000	0.000
Dividend Payable	0.000	0.000	0.000	0.000
Other Statutory Liabilities (Due within one year)	0.000	0.000	0.000	0.000
Deposits/ Installments of Term/ loans/DPGs/Debentures etc. (Due within one year)	0.000	0.000	0.000	0.000
Other current liabilities and provision (Due within one year)	0.000	0.000	0.000	0.000
Sub – Total (B)	7.730	21.257	22.269	0.000
TOTAL CURRENT LIABILITIES	7.730	21.257	22.269	0.000
TERM LIABILITIES
Debentures (Not Maturing within one year)	0.000	0.000	0.000	0.000
Unsecured Loans from Directors (Redeemable after one year)	0.000	0.000	0.000	0.000
Term Loans (Excluding Installment)	16.250	32.500	16.240	0.000
Deferred Installment (Due within one year)	0.000	0.000	0.000	0.000
Term deposit (repayable after one year)	0.000	5.676	5.676	0.000
Other Term Liabilities	0.000	0.000	0.000	0.000
TOTAL TERM LIABILITIES	16.250	38.176	21.916	0.000
TOTAL OF OUTSIDE LIABILITIES	23.980	59.433	44.185	0.000
NET WORTH
Share Capital Account	10.055	10.055	10.055	10.055
General Reserve	0.000	0.000	0.000	0.000
Shares Premium Account	0.000	0.000	0.000	0.000
Surplus (+) or deficit (-) in Profit and Loss Account others (Specify)	0.000	0.000	4.935	15.121
Differed Tax Liability	0.000	0.000	0.000	0.000
Less: Revolution Reserve	0.000	0.000	0.000	0.000
NET WORTH	10.055	10.055	14.990	25.176
TOTAL LIABILITIES	34.035	69.488	59.175	25.176
ASSETS
CURRENT ASSETS
Cash and Bank Balance	0.000	1.365	18.301	25.176
Fixed deposit with bank	0.000	0.000	0.000	0.000
Receivable Other than Exports	0.000	0.000	0.000	0.000
Installment of deferred receivable (due within one year)	0.000	0.000	0.000	0.000
INVENTORY:
Raw materials (including stores and other item used in the process of manufacturing)
Imported	0.000	0.000	0.000	0.000
Indigenous	0.000	0.000	0.000	0.000
Stock – in – process	34.035	68.123	40.874	0.000
Finished Goods	0.000	0.000	0.000	0.000
Other Consumable Spares	0.000	0.000	0.000	0.000
Imported Consumables	0.000	0.000	0.000	0.000
Indigenous Consumables	0.000	0.000	0.000	0.000
Advance to Suppliers of Raw materials and stores and spares	0.000	0.000	0.000	0.000
Advances Payments Taxes	0.000	0.000	0.000	0.000
Other current assets	0.000
TOTAL CURRENT ASSETS	34.035	69.488	59.175	25.176
FIXED ASSETS
Gross Block	0.000	0.000	0.000	0.000
Depreciation to date	0.000	0.000	0.000	0.000
NET BLOCK	0.000	0.000	0.000	0.000
Investment/ books debts/ advances/ exposits which are not current assets	0.000	0.000	0.000	0.000
Investment in subsidiary company	0.000	0.000	0.000	0.000
Others Investment	0.000	0.000	0.000	0.000
Security Deposits	0.000	0.000	0.000	0.000
Others	0.000	0.000	0.000	0.000
TOTAL OTHER NON – CURRENT ASSETS	0.000	0.000	0.000	0.000
Intangible assets	0.000	0.000	0.000	0.000
TOTAL ASSETS	34.035	69.488	59.175	25.176
TANGIBLE NETWORTH	10.055	10.055	14.990	25.176
NET WORKING CAPITAL	26.305	48.231	36.906	25.176
Current Ratio	4.40	3.27	2.66	--
Total Outside Liabilities/ Tangible Net Worth	2.38	5.91	2.95	0.00

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OPERATING STATEMENT

(RS. IN MILLIONS)

Particulars	31.03.2013	31.03.2014	31.03.2015	31.03.2016
	(Projected)	(Projected)	(Projected)	(Projected)
Local Sales	0.000	0.000	39.880	59.820
Export Sales	0.000	0.000	0.000	0.000
Less: Excise Duty	0.000	0.000	0.000	0.000
Net Sales	0.000	0.000	39.880	59.820
Export Incentives	0.000	0.000	0.000	0.000
Cost of Sales
a) Raw Materials (including stores)
- Imported	0.000	0.000	0.000	0.000
- Indigenous	25.472	29.924	0.000	0.000
b) Other Spares	80.55	0.000	0.000	0.000
c) Power and Fuel	0.00	0.000	0.000	0.000
d) Direct Labour	0.00	0.000	0.000	0.000
e) Repair and maintenance	0.00	0.000	0.000	0.000
f) Other manufacturing expenses/ research and development cost	0.00	0.000	0.000	0.000
g) Depreciation	0.00	0.000	0.000	0.000
Sub-Total	33.527	29.924	0.000	0.000
Add: Opening Stock in process	0.000	34.035	68.123	40.874
Sub Total	33.527	63.959	68.123	40.874
Less: Closing stock in process	34.035	68.123	40.874	0.000
Sub-Total (Cost of Production)	(0.508)	(4.164)	27.249	40.874
Add: Opening Stock of Finished Goods	0.000	0.000	0.000	0.000
Subtotal	(0.508)	(4.164)	27.249	40.874
Less: Closing Stock of Finished Goods	0.000	0.000	0.000	0.000
Sub-Total (Cost of Sales)	(0.508)	(4.164)	27.249	40.874
Gross Profit	0.508	4.164	12.631	18.946
Interest	0.508	4.164	3.554	1.116
Selling, general and administrative Expenses	0.000	0.000	16.000	2.400
Sub-Total (6+7)	0.508	4.164	5.154	3.516
Operating Profit 5-(6+7)	0.000	0.000	7.477	15.430
Other Income/Expenses	0.000	0.000	0.000	0.000
Add: Income	0.000	0.000	0.000	0.000
Less: Expenses	0.000	0.000	0.000	0.000
Profit before tax/Loss (8+9)	0.000	0.000	7.477	15.430
Less: Provision for taxes	0.000	0.000	2.541	5.245
Net Profit (10-11)	0.000	0.000	4.936	10.185

------------------------------------------------------------------------------------------------------------------------------

FINANCIAL INDICATORS

Particulars	31.03.2013	31.03.2014	31.03.2015	31.03.2016
	(Projected)	(Projected)	(Projected)	(Projected)
Paid up capital	10.055	10.055	10.055	10.055
Reserves and Surplus	0.000	0.000	4.935	15.121
Less: Revaluation reserves	0.000	0.000	0.000	0.000
Less: Accumulated Losses	0.000	0.000	0.000	0.000
Less: Intangible Assets	0.000	0.000	0.000	0.000
Tangible Networth	10.055	10.055	14.990	25.176
Term Loan-FI	16.250	32.500	16.240	0.000
Unsecured Loans	0.000	5.676	5.676	0.000
Share Application Money	0.000	0.000	0.000	0.000
Total Term Liabilities	16.250	38.176	21.916	0.000
Capital Employed	26.305	48.231	36.906	25.176
Net Block	0.000	0.000	0.000	0.000
Investments	0.000	0.000	0.000	0.000
Investment in Allied/group concern	0.000	0.000	0.000	0.000
Other Non Current Assets	0.000	0.000	0.000	0.000
Net Working Capital	26.305	48.231	36.906	25.176
Net Working Capital	26.305	48.231	36.906	25.176
Current Assets	34.035	69.488	59.175	25.176
Current Liabilities	7.730	21.257	22.269	0.000
Operational Data
Local Sales	0.000	0.000	39.880	59.820
Export Sales	0.000	0.000	0.000	0.000
Gross Sales	0.000	0.000	39.880	59.820
Export Incentives	0.000	0.000	0.000	0.000
Other Income	0.000	0.000	0.000	0.000
Gross Profit	0.508	4.164	12.631	18.946
Profit before Tax	0.000	0.000	7.477	15.430
Provision for Taxation	0.000	0.000	2.541	5.245
Profit after Tax	0.000	0.000	4.936	101.85
Depreciation	0.000	0.000	0.000	0.000
Cash Accruals	0.000	0.000	4.936	10.185
Ratio Analysis
Current Ratio	4.40	3.27	2.66	--
Adjusted Current Ratio	4.40	3.27	2.66	--
Debt Equity Ratio	1.62	3.80	1.46	0.00
Leverage Ratio	2.38	5.91	2.95	0.00
% Net Profit to Net Sales	--	--	12.38	17.03
% Gross Profft to Net Sales	--	--	31.67	31.67
% Net Profit to Networth	0.00	0.00	32.93	40.46

------------------------------------------------------------------------------------------------------------------------------

STATEMENT OF ASSETS AND LIABILITIES

NET WORTH OF MR. BANWARI LAL

(RS. IN MILLIONS)

Assets	Amount	Liabilities	Amount
Land at Artoni, Agra	7.000
L.I.C. (S/V)	0.050
Car Scorpio Model June 2012	1.100
Gold (170 Gm)	0.500
Investment in Baldev Housing	4.920
Revolver	1.200
Cash and Bank	1.000
Total	15.770	Total	0.000

Total Net Worth

Assets – Liabilities: 15.770 – 0.000 = Rs.15.770 Millions

------------------------------------------------------------------------------------------------------------------------------

STATEMENT OF ASSETS AND LIABILITIES

NET WORTH OF MR. NAHAR SINGH YADAV

(RS. IN MILLIONS)

Assets	Amount	Liabilities	Amount
Land at Kakretha (800 Sq. Yds)	10.000	Car Loan Rajero	0.400
L.I.C. (S/V)	0.400	Car Loan I-20	0.600
Gold (1100 Gm)	3.000
Investment in Baldev Housing	4.920
Car Pajero Model March 2012	2.000
Car I-20 Model November, 2012	0.800
Pistol	1.200
Cash and Bank	1.000
Total	23.320	Total	1.000

Total Net Worth

Assets – Liabilities: 23.320 – 1.000 = Rs.22.320 Millions

------------------------------------------------------------------------------------------------------------------------------

VALUATION REPORT

RESIDENTIAL LAND IN NAME OF M/S BALDEV HOUSING AND CONSTRUCTION PRIVATE LIMITED COMPANY

DIRECTOR – MR. BANWARI LAL S/O MR. ROSHAN SINGH AND MR. NAHAR SINGH S/O MR. BANWARI LAL YADAV

LOCATED AT – PLOT ON KHASRA NO.1006 AT SIKANDRA BAHISTABAD LOHA MANDI WARD DISTRICT AGRA

Purpose of Valuation	Bank Finance
Date of Inspection	28.03.2012
If the property is under Joint Ownership over to the value by the branch	Joint Ownership
Brief description of the property	It is a residential land without boundary. Behind Anna Ikon Building. For identification they could ascertain only the road, rest of the area is at site identified in presence of owners. They acumen that layout be obtained to ascertain the exact location of the plot.
Boundaries of the property	As per Deed	As Verified
North	Land of Ajay Bansal	Owners Land
South	Park of Khasra No. – 1006	Owners Land
East	Rasta 30’	Rsta 30’
West	Land of Dal Chand	Owner’s Land
Site verified in presence of (Name: Owner/ Representative)	Mr. Ashwrya Kumar (Mob. 9760016153)
Whether covered under corporation/ Panchayat/ Municipality	Municipal Limit
Whether covered under any land ceiling of state/ central government.	No
Any specific identification marks (like electric pole No., dug well etc.)	Behind Anna Ikon Building, Sikandra Bodla Road, Agra
Is the land Freehold / Leasehold	Freehold
Type the property - whether	Residential
Year of acquisition / Purchase	2008
Value of purchase price	Rs.0.080 Million
Classification of the site
a) Population group	Semi Urban
b) High/ Middle/ Poor Class	M.I.G.
c) Residential/ non residential	Residential
d) Development of surrounding area.	Good
e) Possibility of any threat to the property (Floods, Calamities etc.)	No
Proximity of civic amenities (like school, hospital, bus stop, market etc.)	All within 1.00 K.M. of lands
Terrain of the land	Plain
Shape of the (square/ rectangle etc.)	Irregular
Whether the plots is under town planning approved layout.	Approved Layout Plan to be obtained
Whether the plots is intermittent or comer	Intermittent
Whether any Road facility is available (B.T./ Cement Road etc)	B. T. Road
Front width of the road	30’
Source of water & water potentiality	Owner Source
Type of Sewerage System	No
Availability of power supply	UPSEB
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.	In as it is site without development the land rate in their opinion wound be Rs.7,000/- per sq. m.
Rent details	NA
PROPERTY DETAILS Part I (Valuation of Land)
Dimensions of the plot.	Taken As Per Deed
Total area of the plot.	1495 sq. m.
Prevailing market rate	Rs.7,000/- per sq. m.
Guideline rate obtained from the Register Office	Rs.6,000/- per Sq. m.
Assessed adopted rate of valuation	Rs.7,000/- per sq. m.
Estimated value of the land	Rs.10.465 Millions
SUMMARY OF VALUATION
Part I Land	Rs.10.465 Millions
Part II Building	--
Part III Proposed Construction	--
Total	Rs.10.465 Millions
The Overall fair market value of the property is Rs. 10.500 Millions The realizable sale value of property may reduce to Rs.9.000 Millions.

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VALUATION REPORT

PROPERTY IN NAME OF BALDEV HOUSING & CONSTRUCTION (PRIVATE) LIMITED

A/C BALDEV ASHIANA

LOCATED AT – 258, 259, 266, 266A, 267, 268 AND 269 AT MAHARSHI PURAM, MAUZA KKRETHA DISTRICT AGRA.

Purpose of Valuation

Bank Finance

Date of Inspection

23.03.2012

If the property is under Joint Ownership over to the value by the branch

Sole Ownership

Brief description of the property

The said property has been purchased vide several sale deeds details of which are as below:

Sr. No.	Sale deed No.	Date of Purchase	Value	Stamp Duty	Area
1	1846	09.04.2010	Rs.1.000 Million	Rs.0.183 Million	401.32
2	2786	21.07.2009	Rs.0.400 Million	Rs.0.095 Million	209.03
3	217/2010	20.01.2010	Rs.0.300 Million	Rs.0.095 Million	209.02
4	3136/2009	17.08.2009	Rs.0.600 Million	Rs.0.191 Million	418.05
5	3019/09	06.08.2009	Rs.0.400 Million	Rs.0.092 Million	202.05
6	4154	28.10.2009	Rs.0.050 Million	Rs.0.190 Million	--
Total			Rs.2.750 Millions	Rs.0.846 Millions	1439.50

After purchase of all the plots which are adjacent to each other the owners have proposed a housing G + 2 project for which they have got a plan sanctioned, a copy of same was provided. Therefore, after purchase the owners have incurred additional cost in land and use conversion and sanctioning from A.D.A. also the developing is as verified by us at site on the entire land 4 block containing 12 flats which are in process of Construction Half block with six flats have already been constructed and for rest of the area the land has been excavated for laying raft foundation. Therefore, in present status half block has been valued which exists at site and the entire land over which the proposed construction is in progress. As verified it is valued below.

Dimension of the site

North

South

Irregular

East

West

Boundaries of the property

As per Deed

As Verified

North

Others Property

South

Property of Owners

East

As per Plan

Road

West

Guru Teg Bahadur Colony

Site verified in presence of

(Name: Owner/ Representative)

Representative

Whether covered under corporation/ Panchayat/ Municipality

Corporation

Whether covered under any land ceiling of state/ central government.

No

Any specific identification marks (like electric pole No., dug well etc.)

Near Guru Teg Bahadur Colony

Is the land Freehold / Leasehold

Freehold

Type the property - whether

Residential

Year of acquisition / Purchase

2009-2010

Value of purchase price

Rs.2.750 Millions

Classification of the site

a) Population group

Urban

b) High/ Middle/ Poor Class

MIG

c) Residential/ non residential

Residential

d) Development of surrounding area.

Good

e) Possibility of any threat to the property (Floods, Calamities etc.)

No

Proximity of civic amenities (like school, hospital, bus stop, market etc.)

All within 1.00 K.M. of Property

Terrain of the land

Plain

Shape of the (square/ rectangle etc.)

Almost Rectangular

Whether the plots is under town planning approved layout.

NA

Whether the plots is intermittent or comer

Intermittent

Whether any Road facility is available (B.T./ Cement Road etc)

B. T. Road

Front width of the road

30’ ft. Wide

Source of water and water potentiality

Own Supply

Type of Sewerage Systems

Sewer Line

Availability of Power Supply

UPSEB

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.

The residential plots in this area i.e. Guru Teg Bahadur Nagar in Market are selling for Rs.12,000/- per sq. mt. Since this land has already a sanctioned status and also as per the sanctioned plan the FAR is more, it is developed with the proposed infrastructural facilities also. In their opinion the land rate should be Rs.12,500/- per sq. mt. Accordingly it is valued below

PROPERTY DETAILS

Part I

(Valuation of Land)

Dimensions of the plot.

As per Plan

Total area of the plot.

1439.50 Sq. Mt.

Prevailing market rate

Rs.12,500 per Sq. mt.

Guideline rate obtained from the Register Office

Rs.8,000/- per sq. mt. for Mauza Kakretha

Assessed adopted rate of valuation

Rs.12,500/- per sq. mt.

Estimated value of the land

Rs.17.994 Millions

Part II

(Valuation of the building property)

Type of building

(Residential/ Commercial Industrial)

Residential

Year of construction

2011-2012

Future life of the property

60 years

No of floor and height of each floor including basement

Three Storied

Plinth area of each floor.

1600.00 sq. ft. x 3 Floor = 4,800 sq. ft. (Super Built)

Type of Construction (Load Bearing / RCC/ Steel/ Framed)

RCC Framed

Condition of the Building

External

(Excellent/ good/ Normal / poor)

Good

Internal

(Excellent/ good/ Normal / poor)

Good

Whether the building1 property is constructed strictly according to the sanctioned plan, details of variations noticed if any and effect of the same of the valuation.

Yes

Specification of Construction

Foundation

RCC Framed

Superstructure

9’/4 ½“ th Brick Wall

Roof work

RCC

Floor

Yet to land

Joinery

Angle Iron Chaukhat/ Flush Door

Any special finishing

Wood Coloured

Whether any weather proof course is provide Drainage

Required

Compound wall (Height; length and type of construction)

NA

Electric installation (Type of wire, class of fitting)

Included

Plumbing installation (No. of water costs and wash basins etc.) Bore well.

Concealed Partly required

Wardrobes, if any

NA

Development of open in the house

Good

Details of Valuation

Particulars of Item	Plinth Area	Estimated Replacement Rate	Replacement Cost (Rs. In Millions)	Depreciation	Net Value (Rs. In Millions)
Covered area still under Finishing	4800 sq. ft.	500/- Rs./ sq. ft.	Rs.2.400 Millions	NA	Rs.2.400 Millions
Total					Rs.2.400 Millions

SUMMARY OF VALUATION

Part I Land

Rs.17.994 Millions

Part II Building

Rs.2.400 Millions

Part III Proposed Construction

--

Total

Rs.20.394 Millions

The Overall fair market value of the property is Rs. 20.300 Millions

The realizable sale value of property may reduce to Rs.19.000 Millions

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VALUATION REPORT

PROPERTY IN NAME OF BALDEV HOUSING AND CONSTRUCTION COMPANY PRIVATE LIMITED

MR. BANWARI LAL S/O ROSHAN SINGH AND MR. NAHAR SINGH S/O MR. B. L. YADAV.

LOCATED AT – LAND ON KHASRA NO.1013 K, MAUZA SIKANDRA BAHISTRABAD, AGRA

Purpose of Valuation	Bank Finance
Date of Inspection	23.03.2012
If the property is under Joint Ownership over to the value by the branch	Joint Ownership
Brief description of the property The said property comprises of large vacant land, which falls on Link Road which abuts from Bodla – Sikandra Road at Anna Icon Complex. The land in present has shape and dimension, as measured and verified in presence of owner’s representative. The land is below the road level, it faces main Road. At present although it is in approved residential area, yet it is not sanction from ADA for residential status it is un-developed and below road level as verified the land is valued below.
Boundaries of the property	As per Deed	As Verified
North	Rasta 80'	Rasta 80'
South	Others Land	Land of Owners
East	Others Land	Others Land
West	Others Land	Land of Owners
Site verified in presence of (Name: Owner/ Representative)	Representative
Whether covered under corporation/ Panchayat/ Municipality	Corporation
Whether covered under any land ceiling of state/ central government.	No
Any specific identification marks (like electric pole No., dug well etc.)	Mauza Sikandr Bahistabad, Agra.
Is the land Freehold / Leasehold	Freehold
Type the property - whether	Residential
Classification of the site
a) Population group	Urban
b) High/ Middle/ Poor Class	MIG
c) Residential/ non residential	Residential
d) Development of surrounding area.	Good
e) Possibility of any threat to the property (Floods, Calamities etc.)	No
Proximity of civic amenities (like school, hospital, bus stop, market etc.)	All within 1.00 K.M. of Property
Terrain of the land	Plain
Shape of the (square/ rectangle etc.)	Almost Rectangular
Whether the plots is under town planning approved layout.	NA
Whether the plots is intermittent or comer	Intermittent
Whether any Road facility is available (B.T./ Cement Road etc)	B. T. Road
Front width of the road	80’ ft. Wide
Source of water and water potentiality	Own Supply
Type of Sewerage Systems	Sewer Line
Availability of Power Supply	UPSEB
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.	On enquiry they have learnt the following – Residential plots in approved Sikandra Yojana transact for Rs.12,000/- per Sq. Mt. Lands in approved colonies in this area transact for Rs.8,000/- per Sq. Mt. Commercial Land which face main road on Sikandra - Bodla Road transact for Rs.35,000/- per Sq. Mt Commercial land on link rods and side roads like the link Road from Kargil Petrol Pump to Shastripuram Crossing transact for Rs.25,000/- Per Sq. Mt. Looking to all these factors and considering that although the land at present has a residential use, yet because it faces main road it has a potential for commercial use also. In a normal course similar status lands in approved and developed state should have prevailing rate = Rs. 12,500/- per Sq. Mt. However, this land is large would need a deduction of 30% as per thumb-rules = Rs. 3,750/- Per Sq. Mt. thus the net rate = Rs.8,750/- Per Sq. Mt. for the entire land. It may be noted that the guideline rate for the land in the year 2010 was Rs. 7,000/- per Sq. Mt. and it was purchased for Rs.5.100 Millions in the year 2008 after paying stamp Duty on GOM. Rate value of Rs.13.140 Millions Accordingly in their opinion fair market value of land should be Rs. 9,000/- per Sq. Mt.
PROPERTY DETAILS Part I (Valuation of Land)
Dimensions of the plot.	As per Plan
Total area of the plot.	2190.00 Sq. Mt.
Prevailing market rate	Rs.9,000 per Sq. mt.
Guideline rate obtained from the Register Office	Rs.7,000/- per sq. mt. in 2010
Assessed adopted rate of valuation	Rs.9,000/- per sq. mt.
Estimated value of the land	Rs.19.710 Millions
SUMMARY OF VALUATION
Part I Land	Rs.19.170 Millions
Part II Building	--
Part III Proposed Construction	--
Total	Rs.19.710 Millions
The Overall fair market value of the property is Rs.19.700 Millions The realizable sale value of property may reduce to Rs.17.000 Millions

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NOTE:

The Registered office of the company has been shifted from, Vill Kakranthapost Sikendra Agra, Uttar Pradesh, India; to the present address w.e.f. 24.12.2011.

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OPERATIONS

The company has shown Income of Rs.8.127 Millions from the business. Total Expenditure of the company is Rs.8.051 Millions. Net profit for the year is Rs.0.076 Million. It is expected that the current year, the company will show much better results.

BACKGROUND

Subject incorporated on 26.06.1996. From that date company is continuously providing high quality houses to its esteemed customers. With a passage of time, company has got experience in the field of constructions and today company is one the best construction business name in Agra.

The company has completed the said Projects:

· K. R. Nagar

· Bansi Vihar Phase – I

· Bansi Vihar Phase – II

· Deep Kunj

· Megh Kunj

· Guru Tegh Bahadur Enclave

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FIXED ASSETS:

· Computer

· Electric Equipments

· Furniture and Fixtures

· Mobile Phones

· Building

· Television

· Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

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 records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceedingfor 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.54.04
UK Pound	1	Rs.81.80
Euro	1	Rs.71.41

INFORMATION DETAILS

Report Prepared by :

NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER		27
--RBI	YES/NO	YES/NO
--EPF	YES/NO	YES/NO
TOTAL

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	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.