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Report Date : |
17.07.2013 |
IDENTIFICATION DETAILS
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Name : |
BARFANI POLYFILMS PRIVATE LIMITED |
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Registered
Office : |
B-1, Radheraman Complex, Opposite Ranjan High School, Near Neelu
Petrol Pump, Virat Nagar, National Highway No.8, Ahmedabad – 382415, Gujarat |
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Country : |
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Date of
Incorporation : |
07.08.2012 |
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Com. Reg. No.: |
071455 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
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CIN No.: [Company Identification
No.] |
U25202GJ2012PTC071455 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is mainly engaged in the manufacturing of Multilayer Blown
Films and Printed Film. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and establishing itself gradually. The company is mainly engaged in the manufacturing of Multilayer Blown
Films and Printed Film. Trade relations are improving. Business is active. Payments terms are
unknown. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
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Registered Office : |
B-1, Radheraman Complex, Opposite Ranjan High School, Near Neelu
Petrol Pump, Virat Nagar, National Highway No.8, Ahmedabad – 382415, Gujarat,
India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9825079911 (Mr. Janak Devshibhai Patel) |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory : |
21 Radhey Industrial State Zak Area Zak Kadadra Road Village Zak
Tal.-Dhegam, District-Gandhinagar, Gujarat, India |
DIRECTORS
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Name : |
Mr. Janak Devshibhai Patel |
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Designation : |
Director |
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Address : |
3, Akansha Tenaments – Vibhag-2, Nikol, Ahmedabad – 382350, Gujarat,
India |
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Date of Birth/Age : |
15.06.1976 |
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Qualification : |
B. Sc. |
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Date of Appointment : |
07.08.2012 |
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PAN No.: |
AIZPP6515A |
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DIN No.: |
03525796 |
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Other Directorship : |
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Name : |
Mr. Nareshbhai Bhagwanbhai Gajera |
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Designation : |
Director |
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Address : |
19, Mayur Park, B/h Patel Chamber, Ahmedabad – 380024, Gujarat, India |
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Date of Birth/Age : |
26.07.1969 |
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Qualification : |
Matriculate |
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Date of Appointment : |
07.08.2012 |
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PAN No.: |
ADVPG4037D |
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DIN No.: |
05274518 |
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Other Directorship : |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 03.08.2012)
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Names of Shareholders |
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No. of Shares |
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Janak Devshibhai Patel |
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5000 |
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Nareshbhai Bhagwanbhai Gajera |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
The company is mainly engaged in the manufacturing of Multilayer Blown
Films and Printed Film. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Bank of India |
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Facilities : |
-- |
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Banking Relations
: |
-- |
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Auditors : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1100000 |
Equity Shares |
Rs.10/- each |
Rs.11.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
NEW BUSINESS
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
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1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
No |
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9] |
Name of person contacted |
No |
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10] |
Designation of contact person |
No |
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11] |
Turnover of firm for last three years |
No |
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12] |
Profitability for last three years |
No |
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13] |
Reasons for variation <> 20% |
----- |
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14] |
Estimation for coming financial year |
No |
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15] |
Capital in the business |
Yes |
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16] |
Details of sister concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
No |
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20] |
Export / Import details (if applicable) |
No |
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21] |
Market information |
----- |
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22] |
Litigations that the firm / promoter
involved in |
----- |
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23] |
Banking Details |
Yes |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking account |
----- |
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26] |
Buyer visit details |
----- |
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27] |
Financials, if provided |
No |
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28] |
Incorporation details, if applicable |
Yes |
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29] |
Last accounts filed at ROC |
No |
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30] |
Major Shareholders, if available |
Yes |
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31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
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32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
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33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
(MR. JANAK DEVSHIBHAI PATEL)
(RS.
IN MILLIONS)
DETAILS
OF ASSETS
BANK A/C
|
Bank |
Branch |
S/B, C/D A/c No. |
Present Balance |
|
Punjab National Bank |
Bapu Nagar |
2138000100057094 |
0.023 |
IMMOVABLE PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location/
Address |
Purchase Cost |
Present Value |
Whether Encumbered
|
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House |
Mr. Janakbhai Patel |
295.41 (Sq. yard) and Construction area 186.57 (sq. yard) |
Freehold |
Sub Plot No.3-Akanksha Tenements,
Vibhag-2, B/s. Prerna Bunglow, Nikol, Ahmedabad. |
-- |
9.077 |
Yes State Bank of India |
|
Plot |
Mr. Janakbhai Patel |
1998.00 |
Freehold |
Plot situated at Sub Plot No. 21,
of Block No. 251, Radhey Industrial Estate, Near Zak, GIDC, Zak-Kadara Road,
Zak, Daskroi, Gandhinagar |
1.156 |
15.000 |
-- |
|
Plot |
Mr. Janakbhai Patel |
1553.72 (Sq. yard) |
Freehold |
Plot situated at Sub Plot No. 17,
of Block No. 251, Radhey Industrial Estate, Near Zak, GIDC, Zak-Kadara Road,
Zak, Daskroi, Gandhinagar |
0.899 |
11.500 |
Yes State Bank of India |
|
Shop |
Mr. Janakbhai Patel |
30.28 (sq. yard) |
Freehold |
Shop
No. B/1, Survey No. 134/3, F. P. No. 162, T.P.S.l, Mouje Rakhial, Radha Raman
Complex, Nr. Neelu Petrol Pump, NH 8, Virat Nagar, Ahmedabad |
0.522 |
2.200 |
Yes State Bank of India |
|
Shop |
Mr. Janakbhai Patel |
30.03 (sq. yard) |
Freehold |
Shop
No. B/l/1, Survey No. 134/3, F. P. No. 162, T.P.S.l, Mouje Rakhial, Radha
Raman Complex. Nr. Neelu Petrol Pump, NH 8, Virat Nagar, Ahmedabad |
0.545 |
2.000 |
-- |
|
Total |
39.777 |
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|||||
MOVABLE PROPERTY
|
Name of Company and Branch |
Policy No |
Dt. of issue |
Sum assured |
Surrender value/ Premium paid till
date |
Annual premium |
Premium paid upto what period |
|
LIC |
836102313 |
28.10.2008 |
0.500 |
0.110 |
0.025 |
Till Date |
|
LIC |
836086923 |
10.10.2007 |
0.600 |
0.125 |
0.023 |
Till Date |
|
LIC |
836086924 |
10.10.2007 |
0.100 |
0.020 |
0.004 |
Till Date |
|
LIC |
836086925 |
10.10.2007 |
0.100 |
0.020 |
0.004 |
Till Date |
|
LIC |
834210679 |
28.03.2003 |
0.100 |
0.011 |
0.001 |
Till Date |
|
LIC |
834203707 |
28.03.2002 |
0.050 |
0.033 |
0.003 |
Till Date |
|
LIC |
834216272 |
28.11.2003 |
0.100 |
0.069 |
0.007 |
Till Date |
|
Total |
1.55 |
0.388 |
0.067 |
|
||
VEHICLES
|
Type of Vehicle |
Registration No.
|
Model |
Year of make |
RC Book Details |
Present Value |
|
|
|
|
|
|
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|
Car |
GJ27C5719 |
Skoda Repid |
12/2011 |
12270010594 |
0.900 |
|
Car |
GJ1KD6397 |
Alto Lxi |
05/2010 |
-- |
0.216 |
|
|
|
|
|
|
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|
Total |
1.116 |
||||
JEWELLERY
|
Name |
Valuation
(Approx)* |
|
|
|
|
Gold |
0.500 |
CAPITAL INVESTED
IN BUSINESS
|
Name of Firm/Company |
(Rs. In
Millions) |
|
|
|
|
ACE
Laminars Private Limited |
5.840 |
|
Barfani Poly Films Private Limited |
0.050 |
|
|
|
|
Total |
5.890 |
OTHER INVESTMENTS/ASSETS
|
Other Assets |
0.586 |
|
TOTAL ASSETS |
RS.48.280 MILLIONS |
DETAILS OF LIABILITIES
BORROWER
|
Borrowed From |
Purpose of Loan |
Amount of Loan |
Security |
Repayment Term |
Outstanding Balance |
|
|
|
|
|
|
|
|
HDFC Bank |
Car Loan |
2.50 |
Car |
As per Installment |
0.016 |
|
Kotak Mahindra |
Car Loan |
5.50 |
Car |
As per Installment |
0.223 |
|
Unsecured Loan from friend
and Relatives |
Persona I Loan |
|
|
As on 31-3-2012 |
5.640 |
|
|
|
|
|
|
|
|
Total |
|
|
|
|
5.879 |
|
TOTAL LIABILITIES |
RS.5.879 MILLIONS |
|
NET WORTH |
RS.42.401 MILLIONS |
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NETWORTH STATEMENT
(MR. NARESHBHAI BHAGWANBHAI PATEL)
(RS.
IN MILLIONS)
DETAILS
OF ASSETS
BANK A/C
|
Bank |
Branch |
S/B, C/D A/c No. |
Present Balance |
|
The Ahmedabad Mercantile Co-operative Bank Limited |
Bapu Nagar |
SB/4676 |
0.075 |
MOVABLE PROPERTY
|
Name of Company and Branch |
Policy No |
Dt. of issue |
Sum assured |
Surrender value/ Premium paid till
date |
Annual premium |
Premium paid upto what period |
|
LIC |
832118871 |
28.06.2000 |
0.500 |
0.336 |
0.026 |
Till Date |
|
LIC |
832111720 |
29-9-1999 |
-- |
0.044 |
0.003 |
Till Date |
|
LIC |
832111721 |
29-9-1999 |
-- |
0.052 |
0.036 |
Till Date |
|
LIC |
833791578 |
28.03.1998 |
0.050 |
0.048 |
0.003 |
Till Date |
|
Total |
|
0.480 |
|
|
||
INVESTMENT IN
GOVERNMENT SECURITIES LIKE BONDS/ PPF/ NSC/ KVP/ IVP ETC.
|
Bond / Certificate No. |
Nature of
Securitie s |
Issuing Office/ Post office |
Maturity amount |
|
1018054296-3 |
PPF |
SBI, Bapu Nagar |
0.124 |
VEHICLES
|
Type of Vehicle |
Registration No.
|
Model |
Year of make |
RC Book Details |
Present Value |
|
|
|
|
|
|
|
|
Car |
GJ27K5528 |
GL F/L BS IV |
02/2012 |
12270038470 |
0.340 |
|
|
|
|
|
|
|
JEWELLERY
|
Name |
Valuation
(Approx)* |
|
|
|
|
Gold |
0.550 |
CAPITAL INVESTED
IN BUSINESS
|
Name of Firm/Company |
(Rs. In
Millions) |
|
|
|
|
ACE
Laminars Private Limited |
0.010 |
|
Barfani Poly Films Private Limited |
0.050 |
|
|
|
|
Total |
0.060 |
|
TOTAL ASSETS |
RS.1.629 MILLIONS |
DETAILS OF LIABILITIES
BORROWER
|
Borrowed From |
Purpose of Loan |
Amount of Loan |
Security |
Repayment Term |
Outstanding Balance |
|
|
|
|
|
|
|
|
Axis Bank |
Car Loan |
0.150 |
Car |
As per Installment |
0.096 |
|
|
|
|
|
|
|
|
Total |
|
|
|
|
0.096 |
|
TOTAL LIABILITIES |
RS.0.096 MILLION |
|
NET WORTH |
RS.1.533 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
PART – I
GENERAL
INFORMATION
|
Purpose for which valuation is made |
To ascertain the fair present market value
(For financial assistance BOI Odhav Branch)
|
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|
Date on which valuation is made |
22.03.2013 |
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Name of Owner/Owners |
Mr. Janakbhai Devshibhai Patel |
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|
If the property is under joint ownership
share of each such owner, are the shares undivided |
Single Owner |
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Brief Description of the property |
Industrial Land |
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|
Location, Street, ward No. |
Block No.251, Plot No.21, Radhe Industrial Estate, Zak Vehlal Road,
Zak.. |
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|
|
|
Survey / Plot No. of Land |
Block No.251, Moje: Zak Tal.: Dehgam, District : Gandhinagar |
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|
In the property is situation in residential/
commercial / mixed area/ industrial area? |
Industrials Area/ Mixed Area |
|
|
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|
Classification of Locality – High Class/
Middle Class/ Poor Class |
Middle Class |
|
|
|
|
Proximity to civil amenities like School Hospital,
Offices, Markets, Cinemas etc |
Within 3 km. (Available Nearby) |
|
|
|
|
Means and proximity to surface Communication by which the locality is
served. |
Surface communications by Private Vehicles and Buses |
|
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|
LAND |
|
|
|
|
|
Area of Land supported by documentary Proof Shape, Dimensions and
Physical features |
S1670 q. Mts. (i.e. 997 sq. yds.) |
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|
|
Road, Streets or lanes on which the land is abutting |
Zak-Vehlal Road |
|
|
|
|
Is it freehold or
leasehold land? |
Freehold |
|
|
|
|
IMPROVEMENTS |
|
|
Furnish
technical details of the building on a separate sheet. |
Open and (Foundation work in progress). Not valued, Estimate is checked |
|
|
|
|
SALES |
|
|
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. |
On inquiring from surrounding area |
|
|
|
|
Land rate
adopted in this valuation: |
Rs.8000/- per sq. yd. |
|
|
|
|
If sale instances are not relied upon the basis of arriving at the land rate. |
On inquiring from surrounding area |
|
|
|
|
|
|
|
Land rate adopted in this valuation |
Rs.2500/- per sq. mt. |
|
|
|
|
If sale instances are not available or relied
Upon, the basis of arriving at the land rate |
By Local Inquiry |
|
|
|
|
Year of Commencement of construction Year of completion |
2011 2011 |
|
|
|
|
What was the method of constriction |
Yes |
|
|
|
|
PART – II |
|
|
Address of property |
It is an industrial building situated at
Tenkara R. S. No.617 Paiki 3, Near Rajkot Morbi Highway, Tankara, Tal:
Tankara, District Rajkot (Gujarat) |
|
|
|
|
The four Boundaries of the property under
volition are as under : |
Boundaries are as: North: Other’s Property South: Lagu Survey No.617 Paiki Property East: Lagu survey No.595 Paiki Property West: 12.00 Mts. Road |
LAND:
The current market rate of this land, rate as Rs.8000/-
per sq. yd. including the development cost and area is 1997 sq. yds. Hence, the
value of the land comes to Rs.15.976 Millions
This property can fetch the value of Rs.13.000
Millions is sale takes place under distress and is realizable value is Rs.14.500
Millions.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.59 |
|
|
1 |
Rs.89.90 |
|
Euro |
1 |
Rs.77.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.