|
Report Date : |
22.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
GIRNAR PROJECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sub Plot No.1, Girnar Scooter Compound, Near Vepari Maha Mandal, Odhav,
Ahmedabad – 382410, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 (Provisional) |
|
|
|
|
Date of
Incorporation : |
20.07.2010 |
|
|
|
|
Com. Reg. No.: |
04-061680 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200GJ2010PTC061680 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction of Commercial and Residential Project. |
|
|
|
|
No. of Employees
: |
7 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Yet to commence commercial activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated during July 2010, it is yet to
commence its commercial activity. The capital base appears normal. Payment terms are unknown. The company can be considered for business dealings with great
caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Milanbhai Barot |
|
Designation : |
Director |
|
Contact No.: |
91-992444301 |
|
Date : |
19.07.2013 |
LOCATIONS
|
Registered Office : |
Sub Plot No.1, Girnar Scooter Compound, Near Vepari Maha Mandal,
Odhav, Ahmedabad – 382410, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9924444301 (Mr. Milankumar Vadibhai Barot 91-9825018606 (Mr. Ashok Shyamlal Khandelwal) 91-9898811888 (Mr. Suresh Suvalal Jaiswal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
6944 sq. mtr. |
|
Location : |
Owned |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Ashok Shyamlal Khandelwal |
|
Designation : |
Director |
|
Address : |
13, Saraswati Society, Panchvati Area, Near High Way Kalol,
Gandhinagar – 382721, Gujarat, India |
|
Date of Birth/Age : |
07.04.1976 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
20.07.2010 |
|
Tel No.: |
91-2764-250243 |
|
Mobile No.: |
91-9825018606 |
|
PAN No.: |
ABVPK2225R |
|
DIN No.: |
02946749 |
|
|
|
|
Name : |
Mr. Suresh Suvalal Jaiswal |
|
Designation : |
Director |
|
Address : |
27/28, Subhsonal Society, IOC Road, Sabarmati, Ahmedabad – 380019,
Gujarat, India |
|
Date of Birth/Age : |
24.04.1965 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
20.07.2010 |
|
Tel No.: |
91-79-26522188 |
|
Mobile No.: |
91-9898811888 |
|
PAN No.: |
ADIPJ6108K |
|
DIN No.: |
01508526 |
|
|
|
|
Name : |
Mr. Milankumar Vadibhai Barot |
|
Designation : |
Director |
|
Address : |
B/1, Nirmit Bunglows, New C. G. Road, Chandkheda, Ahmedabad – 382424,
Gujarat, India |
|
Date of Birth/Age : |
08.11.1967 |
|
Qualification : |
DME |
|
Date of Appointment : |
26.07.2010 |
|
Mobile No.: |
91-9924444301 |
|
PAN No.: |
ACVPB6163G |
|
DIN No.: |
03139580 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ashok Shyamlal Khandelwal |
|
105000 |
|
Suresh Suvalal Jaiswal |
|
55000 |
|
Suresh Suvalal Jaiswal – HUF |
|
50000 |
|
Usha Suresh Jaiswal |
|
50000 |
|
Grade Vin Trade Private Limited, India |
|
30000 |
|
Leisare Vin Com Private Limited, India |
|
45000 |
|
Prabhu Com, India |
|
20000 |
|
Magnificient Barter Private Limited, India |
|
5000 |
|
Suncity Dealmark Private Limited India |
|
25000 |
|
Shubhkamana Vanijya Private Limited, India |
|
25000 |
|
Cristel Denmark Private Limited, India |
|
25000 |
|
Evergreen Denmark Private Limited, India |
|
25000 |
|
|
|
|
|
Total |
|
460000 |
(AS ON 29.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
63.41 |
|
Directors or relatives of directors |
|
36.59 |
|
Other top fifty shareholders |
|
|
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction of Commercial and Residential Project. |
|
|
|
|
Terms : |
|
|
Purchasing : |
Credit (60-90 days) |
GENERAL INFORMATION
|
Customers : |
Retailers |
|
|
|
|
No. of Employees : |
7 (Approximately) |
|
|
|
|
Bankers : |
· Bank of India Odhav, Ahmedabad, Gujarat, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deepal C. Gandhi and Company Chartered Accountants |
|
Address : |
Ground Floor, Panchdeep Complex, Near Mayur Colony, Mithakhali Six
Roads, Ahmedabad – 380009, Gujarat, India |
|
PAN No.: |
AATPG7928C |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital: Not Available
Issued, Subscribed & Paid-up Capital: Rs.4.600 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 |
|
|
|
|
|
|
460000 |
Equity Shares |
Rs.10/- each |
Rs.4.600
Millions |
|
|
|
|
|
NOTE:
1) The movement in subscribed and paid up share capital is
set out below:
|
Particulars |
As on 31.3.2012 |
|
|
Ordinary
Shares of Rs.10 each |
No. of Shares |
Amount (Rs.) |
|
At
beginning of the year |
410,000 |
4.100 |
|
Shares
allotted during the year |
50,000 |
0.500 |
|
|
|
|
|
Shares
outstanding at the end of the year |
460,000 |
4.600 |
Shareholders holding more than 5 percent shares in the
Company.
|
Name of
Shareholder |
As at 31 March 2012 |
|
|
|
No. of Shares held |
% of Holding |
|
Ashok
Shyamlal Khandelwal |
105000 |
22.83 |
|
Sueshkumar
Suvalal Jaiswal |
55000 |
11.96 |
|
Sueshkumar
Suvalal Jaiswal HUF |
50000 |
10.87 |
|
Usha
Suresh Jaiswal |
50000 |
10.87 |
|
Grade
Vin Trade Private Limited |
30000 |
6.52 |
|
Leisare
Vin Trade Private Limited |
45000 |
9.78 |
|
Suncity
Dealmark Private Limited |
25000 |
5.43 |
|
Shubhkamana
Vanijya Private Limited |
25000 |
5.43 |
|
Cristel
Denmark Private Limited |
25000 |
5.43 |
|
Evergreen
Denmark Private Limited |
25000 |
5.43 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 (Provisional) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.600 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
18.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
22.600 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
10.266 |
|
|
TOTAL BORROWING |
|
|
10.266 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
32.866 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.460 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
25.590 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.298 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
21.565 |
|
Total
Current Assets |
|
|
47.453 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
4.409 |
|
|
Other Current Liabilities |
|
|
10.638 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
15.047 |
|
|
Net Current Assets |
|
|
32.406 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
32.866 |
|
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4.600 |
4.100 |
|
(b) Reserves & Surplus |
|
18.000 |
13.500 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
|
22.600 |
17.600 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
8.836 |
0.051 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
4.662 |
2.737 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
13.498 |
2.788 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
1.301 |
0.072 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
1.301 |
0.072 |
|
|
|
|
|
|
TOTAL |
|
37.399 |
20.460 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
0.450 |
0.440 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
17.551 |
17.551 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
18.001 |
17.991 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
14.880 |
1.098 |
|
(c)
Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
|
0.224 |
1.261 |
|
(e)
Short-term loans and advances |
|
4.292 |
0.108 |
|
(f)
Other current assets |
|
0.002 |
0.002 |
|
Total
Current Assets |
|
19.398 |
2.469 |
|
|
|
|
|
|
TOTAL |
|
37.399 |
20.460 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2013 (Provisional) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL (A) |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
(1.910) |
|
|
|
Direct Expenses |
|
|
0.692 |
|
|
|
A. C. Repairing Expenses |
|
|
0.001 |
|
|
|
Advertisement Expenses |
|
|
0.130 |
|
|
|
Architectural Planning Fees |
|
|
0.100 |
|
|
|
Consulting Charges Expenses |
|
|
0.112 |
|
|
|
Donation Expenses |
|
|
0.005 |
|
|
|
Electrics Expenses |
|
|
0.070 |
|
|
|
J. C. B. Expenses |
|
|
0.091 |
|
|
|
Legal Fee Expenses |
|
|
0.008 |
|
|
|
Office Expenses |
|
|
0.003 |
|
|
|
Professional Fees Expenses |
|
|
0.112 |
|
|
|
Salary Expenses |
|
|
0.351 |
|
|
|
Stationery Expense |
|
|
0.004 |
|
|
|
Transport Expense |
|
|
0.231 |
|
|
|
Zerox and Lamination Expenses |
|
|
0.001 |
|
|
|
TOTAL (B) |
|
|
1.911 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
0.001 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
-- |
|
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
0.000 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL (A) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Materials |
|
3.713 |
0.000 |
|
|
|
Changes in Construction Work-In-Progress |
|
(13.781) |
(1.098) |
|
|
|
Employee benefits expense |
|
0.600 |
0.077 |
|
|
|
Other expenses |
|
9.433 |
1.021 |
|
|
|
TOTAL (B) |
|
(0.035) |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
0.035 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.020 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
0.015 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.015 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.45
|
0.39 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.15
|
14.91 |
34.29 |
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 |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
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) |
|
|
|
|
|
|
From Director and Shareholders |
10.266 |
8.836 |
|
|
|
|
|
Total |
10.266 |
8.836 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENT
OPERATING STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(Projections) |
||
|
GROSS SALES |
|
|
|
|
(i) Domestic Sales |
0.000 |
132.844 |
199.265 |
|
(ii) Export Sales |
0.000 |
0.000 |
0.000 |
|
TOTAL |
0.000 |
132.844 |
199.265 |
|
|
|
|
|
|
Less Excise Duty |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net
Sales (1-2) |
0.000 |
132.844 |
199.265 |
|
|
|
|
|
|
% age rise(+) or fall(-) in net sales as
compared to previous year |
-- |
-- |
-- |
|
|
|
|
|
|
Cost
of sales |
|
|
|
|
Construction Cost |
118.755 |
23.134 |
0.000 |
|
Land Purchases Cost |
0.000 |
0.000 |
0.000 |
|
Power and Fuel |
0.000 |
0.000 |
0.000 |
|
Direct and Labour |
0.000 |
0.000 |
0.000 |
|
Other Manufacturing Expenses and Repairs and Maintenance |
0.000 |
0.000 |
0.000 |
|
Depreciation |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub
Total |
118.755 |
23.134 |
0.000 |
|
|
|
|
|
|
Add: Opening Stock in process |
81.257 |
217.439 |
149.582 |
|
Sub Total |
200.012 |
240.573 |
149.582 |
|
|
|
|
|
|
Deduct: Closing Stock in process |
217.439 |
149.582 |
0.000 |
|
Cost of Production |
(17.428) |
90.990 |
149.582 |
|
|
|
|
|
|
Add: Opening Stock of finished Goods |
0.000 |
0.000 |
0.000 |
|
Sub Total |
(17.428) |
90.990 |
149.582 |
|
|
|
|
|
|
Deduct: Closing Stock of finished Goods |
0.000 |
0.000 |
0.000 |
|
Cost of Sales |
(17.428) |
90.990 |
149.582 |
|
|
|
|
|
|
Selling General & Administrative Expenses |
8.678 |
5.593 |
0.488 |
|
Sub Total |
(8.750) |
96.583 |
150.070 |
|
|
|
|
|
|
Operating Profit Before Interest |
8.750 |
36.261 |
49.195 |
|
|
|
|
|
|
Interest |
8.750 |
13.242 |
5.110 |
|
|
|
|
|
|
Operating Profit After Interest |
0.000 |
23.019 |
44.085 |
|
|
|
|
|
|
Add other non-operating income |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub Total (Income) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Deduct other non operating expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub Total (Expenses) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net
of Other Non-Operating Income/Expenses
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Profit before Tax/Loss |
0.000 |
23.019 |
44.085 |
|
|
|
|
|
|
Provision for Taxes |
0.000 |
7.113 |
13.622 |
|
|
|
|
|
|
Net profit/loss (12-13) |
0.000 |
15.906 |
30.463 |
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Retained profit |
0.000 |
15.906 |
30.463 |
|
|
|
|
|
|
Retained profit/net profit (%age) |
-- |
100% |
100% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(Projections) |
||
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
Short term borrowings from Banks (Including
Bills Purchases Discount and excess Borrowings placed on repayment bases |
|
|
|
|
(i) From Applicant Bank |
0.000 |
0.000 |
0.000 |
|
(ii) From Other Banks |
0.000 |
0.000 |
0.000 |
|
(iii) (Of which BP & BD) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sub Total (A) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Short term borrowings from others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sundry Creditors (Trade) |
4.000 |
4.000 |
0.000 |
|
|
|
|
|
|
Advance payment from Customers / Deposits
from Dealers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Dividend payable |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other Statutory Liabilities (Due within
one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Deposits/Instalments of Term Loan/DPGs/ Debentures etc. (due within
one year |
24.000 |
76.000 |
0.000 |
|
|
|
|
|
|
Other current Liabilities & Provisions(due
within one year (Specify major items) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
SUB TOTAL (B) |
28.000 |
80.000 |
0.000 |
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
28.000 |
80.000 |
0.000 |
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
Debentures (not maturing within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Preference Shares (redeemable after one
year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Term Loans (excluding installments payable
within one year) Existing I year) |
66.00 |
0.000 |
0.000 |
|
|
|
|
|
|
Deferred Payment Credits (excluding
instalments due within one year) in one year |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Member Booking Advance Deposit/ Security
Deposit |
94.220 |
22.456 |
0.000 |
|
|
|
|
|
|
Borrowing from directors/ Group Company |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other term liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
160.220 |
22.456 |
0.000 |
|
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
188.220 |
102.456 |
0.000 |
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
Equity Share Capital |
4.600 |
4.600 |
4.600 |
|
|
|
|
|
|
Share Premium Reserve |
18.000 |
18.000 |
18.000 |
|
|
|
|
|
|
General Reserve |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Directors and Family Members |
20.266 |
20.266 |
0.000 |
|
|
|
|
|
|
Revaluation Reserve |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other Reserves (excluding Provision) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Surplus (+) or Deficit (-) in Profit and
Loss Account |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
NET
WORTH |
42.866 |
58.772 |
68.969 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
231.087 |
161.228 |
68.969 |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Cash & Bank Balance |
9.188 |
7.186 |
68.509 |
|
Investments (other than term investment) |
|
|
|
|
i) Govt. & Other trustee
Securities |
0.000 |
0.000 |
0.000 |
|
ii) Fixed deposits with banks |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
i) Receivables other than differed and
export (including bills purchased and bills purchased and discounted by
banks) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
ii) Export receivables (including bills purchased/discounted by banks) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Installment of deferred receivables (due
within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Inventory
: |
|
|
|
|
i) Raw Materials (including Stores and other items used in the process of manufacture) |
|
|
|
|
a)
Imported |
0.000 |
0.000 |
0.000 |
|
b) Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
ii) Stock-in-process |
217.439 |
149.582 |
0.000 |
|
iii) Finished goods |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
iv)
Other consumable spares |
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
|
b) Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advances to suppliers of Raw Materials & stores /spares |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Advance payment of taxes |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Other Current Assets (specify major items)
including cheques under reconcilliation |
4.000 |
4.000 |
0.000 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
230.627 |
160.768 |
68.509 |
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
Gross Block (land & building, machinery,
work-in-progress) |
0.475 |
0.475 |
0.475 |
|
|
|
|
|
|
Depreciation to date |
0.015 |
0.015 |
0.015 |
|
NET
BLOCK |
0.460 |
0.460 |
0.460 |
|
|
|
|
|
|
OTHER NON CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
Investments/book debts/ advances/ deposits which are not Current Assets |
|
|
|
|
i) a) Investment in subsidiary companies/affiliates |
0.000 |
0.000 |
0.000 |
|
b) Others |
0.000 |
0.000 |
0.000 |
|
ii) Advance to suppliers of capital goods and contractors |
0.000 |
0.000 |
0.000 |
|
iii) Deferred receivables (maturity exceeding one year) |
0.000 |
0.000 |
0.000 |
|
iv) Security Deposits/ Tender Deposits |
0.000 |
0.000 |
0.000 |
|
v) Others |
0.000 |
0.000 |
0.000 |
|
Funds for expansion |
0.000 |
0.000 |
0.000 |
|
Non-consumable stores and spares |
0.000 |
0.000 |
0.000 |
|
Other non-current assets including dues from directors |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL OTHER NON-CURRENT ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Intangible assets (patents, goodwill, prelim expenses bad doubtful debts not provided for etc. |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
ASSETS |
231.087 |
161.228 |
68.969 |
|
|
|
|
|
|
TANGIBLE
NET WORTH |
42.866 |
58.772 |
68.969 |
|
|
|
|
|
|
NET
WORKING CAPITAL |
202.627 |
80.768 |
68.509 |
|
|
|
|
|
|
Current Ratio |
8.24 |
2.01 |
-- |
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net
Worth |
4.39 |
1.74 |
0.00 |
|
Total Term Liabilities/ Tangible Net Worth
|
3.74 |
0.38 |
0.00 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(Projections) |
||
|
A. CURRENT ASSETS |
|
|
|
|
1. Raw Materials (including stores and other items used in the process of manufacture) |
|
|
|
|
a) Imported : |
0.000 |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
-- |
|
b) Indigenous : |
0.000 |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
-- |
|
|
|
|
|
|
2. Other consumable spares, excluding those included in 1 above. |
|
|
|
|
a) Imported : |
0.000 |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
-- |
|
b) Indigenous : |
0.000 |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
-- |
|
|
|
|
|
|
3. Stocks-in-process : |
217.439 |
149.582 |
0.000 |
|
Months' cost of production |
-- |
-- |
-- |
|
|
|
|
|
|
4. Finished Goods |
0.000 |
0.000 |
0.000 |
|
Months' cost of sales : |
-- |
-- |
-- |
|
|
|
|
|
|
5. Receivables other than export & deferred receivables (including bills purchased & discounted by bankers |
0.000 |
0.000 |
0.000 |
|
Months' domestic sales : excluding deferred payment Sales : |
-- |
-- |
-- |
|
|
|
|
|
|
6. Export receivables (including bills purchased & discounted) |
0.000 |
0.000 |
0.000 |
|
Months' Export sales : |
-- |
-- |
-- |
|
|
|
|
|
|
7. Advance to suppliers of raw Materials and stores/ spares, Consumables |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
8. Other Current Assets including Cash & Bank balances, differed receivables due within one Year (Specify Major items) |
13.188 |
11.186 |
68.509 |
|
|
|
|
|
|
9. TOTAL CURRENT ASSETS (To agree with item 34 in form III) |
230.627 |
160.768 |
68.509 |
|
|
|
|
|
|
B) CURRENT LIABILITIES |
|
|
|
|
(Other than bank borrowings for working capital) |
|
|
|
|
|
|
|
|
|
10. Creditors for purchase of raw materials, stores and consumable spares |
4.000 |
4.000 |
0.000 |
|
Months' purchases : |
0.40 |
2.10 |
-- |
|
|
|
|
|
|
11. Advance from customers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
12. Statutory Liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
13. Other current liabilitie (specify major items) Short Term borrowings, unsecured loans, dividend payable, installment of TL, of TL, DPG, public deposits, debentures etc. |
24.000 |
76.000 |
0.000 |
|
|
|
|
|
|
14. TOTAL (To agree with sub-total B Form III) |
28.000 |
80.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(Projection) |
||
|
1 Total current assets |
230.627 |
160.768 |
68.509 |
|
|
|
|
|
|
2 Other Current Liabilities |
4.000 |
4.000 |
0.000 |
|
[Other than bank borrowings] |
|
|
|
|
|
|
|
|
|
3 Working capital gap [WCG] |
226.627 |
156.768 |
68.509 |
|
|
|
|
|
|
4 Min. stipulated Net Working Capital – 25 % of total current assets other
than Export Receivables |
57.657 |
40.192 |
17.127 |
|
|
|
|
|
|
5 Actual/ Projected net working capital |
226.627 |
156.768 |
68.509 |
|
|
|
|
|
|
6 Item 3 minus item 4 |
168.970 |
116.576 |
51.382 |
|
|
|
|
|
|
7 item 3 minus item 5 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
8 Maximum permissible bank finance [item 6 or 7, whichever is lower] |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
9 Excess borrowings, if any representing shortfall in NWC [4-5] |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(Projection) |
||
|
1. SOURCES |
|
|
|
|
a) Net profit (after tax) |
0.000 |
15.906 |
30.463 |
|
b) Depreciation |
0.000 |
0.000 |
0.000 |
|
c) Increase in capital |
0.000 |
0.000 |
0.000 |
|
d) - Increase in Term Loans |
70.000 |
0.000 |
0.000 |
|
- Increase in Unsecured
Loans |
73.938 |
0.000 |
0.000 |
|
- Increase in Deposit |
0.000 |
0.000 |
0.000 |
|
e) Decrease in : |
|
|
|
|
i) Fixed Assets |
0.000 |
0.000 |
0.000 |
|
ii) Other Non Current
Assets |
0.000 |
0.000 |
0.000 |
|
f) Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
g) TOTAL |
143.938 |
15.906 |
30.463 |
|
|
|
|
|
|
2. USES |
|
|
|
|
a) Net loss |
0.000 |
0.000 |
0.000 |
|
b) Decrease in - Term
Liability |
0.000 |
14.000 |
76.000 |
|
Decrease in – Unsecured
Loan |
0.000 |
71.764 |
42.722 |
|
c) Increase in : |
|
|
|
|
i) Fixed Assets |
-- |
-- |
-- |
|
ii) Other Non Current
Assets |
0.000 |
0.000 |
0.000 |
|
d) Dividend Payments |
0.000 |
0.000 |
0.000 |
|
e) Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
f) TOTAL |
0.000 |
85.764 |
118.722 |
|
|
|
|
|
|
3.
Long Term Surplus(+)/ deficit(-) [1-2] |
143.938 |
(69.858) |
(88.259) |
|
|
|
|
|
|
4.
Increase/decrease in current assets*
(as per details given below) |
143.438 |
(69.858) |
(92.259) |
|
|
|
|
|
|
5.
Increase/decrease in current liabilities other than bank borrowings. |
(0.500) |
0.000 |
(4.000) |
|
|
|
|
|
|
6.
Increase/decrease in Working Capital Gap. |
143.938 |
(69.858) |
(88.259) |
|
|
|
|
|
|
7.
Net surplus (+)/ deficit (-) (Difference of 3 & 6) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
8.
Increase/decrease in Bank borrowings |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Increase/Decrease in Net Sales |
0.000 |
132.844 |
66.422 |
|
|
|
|
|
|
* Break-up of (4) |
|
|
|
|
i) Increase/decrease in Raw Materials |
143.438 |
(69.858) |
(92.259) |
|
|
|
|
|
|
ii) Increase/decrease in stock-in- process |
136.182 |
(67.857) |
(149.582) |
|
|
|
|
|
|
iii) Increase/decrease in Finished Goods |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
iv) Increase/decrease in receivables: |
|
|
|
|
a) Domestic |
0.000 |
0.000 |
0.000 |
|
b) Export |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
v)
Increase/decrease in stores and spares. |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
vi) Increase/decrease in other current assets. |
7.257 |
(2.002) |
57.323 |
|
|
|
|
|
|
Total |
143.438 |
(69.858) |
(92.259) |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND
LIABILITIES
(MR. ASHOK SHYAMLAL KHANDELWAL)
(RS.
IN MILLIONS)
DETAILS
OF ASSETS
BANK A/C
|
Bank |
Branch |
S/B, C/D A/c No. |
Present Balance |
|
Union Bank of India |
Kalol Branch |
Shree Balaram Industries CC A/c No.387605010080002 |
8.506 |
|
Union Bank of India |
Kalol Branch |
Term Loan A/c |
4.868 |
|
HDFC Bank |
Kalol Branch |
Vehicles Loan |
0.748 |
|
|
|
|
|
|
Total |
14.122 |
||
IMMOVABLE PROPERTY
|
1. Commercial: Factory Land and Building/ -
Rs.5.655 Millions depreciated Value as on 31.03.2012. 2. Residential: Bunglow – Book Value –
Rs.5.000 Millions / Market Value - Rs.10.000 Millions. |
MOVABLE PROPERTY
|
Name of Company and Branch |
Policy No |
Dt. of issue |
Sum assured |
Annual premium |
Premium paid upto what period |
|
Life Insurance Corporation |
850403339 |
28.01.2002 |
0.500 |
0.025 |
Feb. 2012 |
|
Life Insurance Corporation |
181267046 |
28.09.1994 |
0.100 |
0.001 |
Sep. 2012 |
|
HDFC Bank Limited |
10879222 |
30.01.2007 |
0.250 |
0.050 |
Feb. 2012 |
|
Life Insurance Corporation |
850405317 |
28.03.2002 |
0.270 |
0.012 |
Sep. 2012 |
|
Star Union Dai-ichi Life Insurance
|
00556773 |
12.10.2012 |
0.185 |
0.050 |
Oct. 2012 |
|
|
|
|
|
|
|
|
Total
|
1.305 |
0.138 |
|
||
SHARES/
DEBENTURES/ MUTUAL FUND ETC.
|
Name of Company |
Certificate No.
Dement A/c No. |
Scheme |
No. of shares |
Current Rate |
Current Market
Value as on 13.12.2012 |
|
|
|
|
|
|
|
|
Adani Ports and Special Economic Zone Limited –
Eq. New Rs.2/- |
12369622 |
Equity |
75 |
134.85 |
0.010 |
|
|
|
|
|
|
|
|
Edelweiss Financial Services Limited –Eq. New f.v.
Re.1/- |
12369622 |
Equity |
80 |
33.75 |
0.003 |
|
|
|
|
|
|
|
|
Gujarat Alkalies and Chemicals – Eq. |
12369622 |
Equity |
200 |
148 |
0.030 |
|
|
|
|
|
|
|
|
Hindustan Organic Chemicals Limited – Eq. |
12369622 |
Equity |
3000 |
19 |
0.057 |
|
|
|
|
|
|
|
|
Jagran Prakashan Limited - Eq New Rs.2/- |
12369622 |
Equity |
143 |
100.55 |
0.014 |
|
|
|
|
|
|
|
|
NTPC Limited -Eq |
12369622 |
Equity |
250 |
151.7 |
0.038 |
|
|
|
|
|
|
|
|
Promact Plastics Limited – Eq. |
12369622 |
Equity |
100000 |
3.01 |
0.301 |
|
|
|
|
|
|
|
|
PTC India Financial Services Limited -Sr-1optl8.25
Bd 31 mr21 fvrs 5000 |
12369622 |
Equity |
4 |
18.15 |
0.000 |
|
|
|
|
|
|
|
|
Ratnmani Metals and Tubes Limited -Eq New Rs.2/- |
12369622 |
Tax saving |
2500 |
131.5 |
0.329 |
|
|
|
|
|
|
|
|
Reliance power Limited - Eq New Rs.10/- |
12369622 |
Tax saving |
27 |
99.65 |
0.003 |
|
|
|
|
|
|
|
|
Shah Alloys Limited -Eq |
12369622 |
Tax saving |
500 |
7.85 |
0.003 |
|
|
|
|
|
|
|
|
Techno Electric and Engineer Company Limited
- Eq New F.V Rs.2/- |
12369622 |
Tax saving |
500 |
180 |
0.090 |
|
Total |
0.878 |
||||
TERM DEPOSITS
|
Term Deposit Receipt No. |
Bank Branch Name |
Type |
Amount and Date
of Rec. |
Maturity Date |
Maturity Amount |
|
|
|
|
|
|
|
|
00694470056240 |
HDFC Bank |
Deposit |
0.002 |
08.07.2013 |
0.003 |
|
|
|
|
|
|
|
VEHICLES
|
Type of Vehicle |
Registration No.
|
Model |
Year of make |
Cost at the time
of Purchases |
RC Book Details |
Present Value |
|
|
|
|
|
|
|
|
|
Honda City Car |
GJ18AM7452 |
City 2009 1.5 MT |
Oct. 2010 |
849501 |
E1110381 |
0.727 |
|
Micra Car |
GJ18AM8982 |
Micra XV |
Oct. 2010 |
547706 |
E1110144 |
0.471 |
|
|
|
|
|
|
|
|
|
Total |
1.198 |
|||||
JEWELLERY
|
Name |
Valuation
(Approx)* |
|
|
|
|
Gold |
0.700 |
|
Silver |
0.500 |
|
Others |
0.300 |
|
Total |
1.500 |
CAPITAL INVESTED
IN BUSINESS
|
Capital Invested
in Business |
Rs.15.269
Millions |
OTHER INVESTMENTS/ASSETS
|
Other Assets |
Rs.43.364
Millions |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Address |
|
|
|
|
|
|
|
Samiksha |
House Wife |
Wife |
33 |
13 Saraswati Society Kalol |
|
Aashi |
Student |
Daughter |
11 |
13 Saraswati Society Kalol |
|
Ayush |
Student |
Son |
7 |
13 Saraswati Society Kalol |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND
LIABILITIES
(MR. SURESH SUVALAL JAISWAL)
(RS.
IN MILLIONS)
DETAILS
OF ASSETS
BANK A/C
|
Bank |
Branch |
S/B, C/D A/c No. |
Present Balance |
|
HDFC Bank |
Chandkeda, Ahmedabad, Gujarat, India |
10831490002255 |
0.018 |
|
|
|
|
|
|
Total |
0.018 |
||
MOVABLE PROPERTY
INSURANCE POLICIES
|
Policy No |
Date of Commencement |
Sum assured |
Date of Maturity |
|
833137611 |
28.08.1996 |
0.100 |
28.08.2021 |
|
833111523 |
27.11.1993 |
0.100 |
27.11.2018 |
|
833111524 |
27.11.1993 |
0.100 |
27.11.2018 |
|
833111525 |
27.11.1993 |
0.100 |
27.11.2018 |
|
833166301 |
28.03.2000 |
0.500 |
28.03.2030 |
|
833977078 |
28.03.2000 |
0.800 |
28.03.2020 |
|
834406025 |
22.04.2004 |
0.200 |
22.04.2014 |
|
|
|
1.900 |
|
SHARES/
DEBENTURES/ MUTUAL FUND ETC.
|
Current Market
Value |
Rs.0.272
Millions |
INVESTMENT IN
GOVERNMENT SECURITY LIKE BONDS / PPF/ NSC/ KVP/ IVP ETC.
|
Maturity Amount |
Rs.1.148
Millions |
VEHICLES
|
Present Value |
Rs. 0.114
Million |
CAPITAL INVESTED
IN BUSINESS
|
Capital Invested
in Business |
Rs.13.770
Millions |
OTHER INVESTMENTS/ASSETS
|
Other Assets |
Rs.2.100
Millions |
DETAILS OF LIABILITIES
BORROWER
|
Borrowed From |
Amount of Loan |
|
|
|
|
Unsecured Loan |
15.790 |
|
Current Liability |
7.902 |
|
|
|
|
Total |
23.692 |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
|
|
|
|
|
|
|
Ushaben S.
Jaiswal |
House wife |
Wife |
46 |
Maried |
15,
Nirmet Residency, Near Krishna 3 Bungalows, Motera, Ahmedabad - 380005 |
|
Jayshreeben
S. Jaiswal |
Study |
Daughter |
23 |
Unmaried |
15,
Nirmet Residency, Near Krishna 3 Bungalows, Motera, Ahmedabad - 380005 |
|
Tirinkel S.
Jaiswal |
Study |
Daughter |
17 |
Unmaried |
15,
Nirmet Residency, Near Krishna 3 Bungalows, Motera, Ahmedabad - 380005 |
|
Vunsh S.
Jaiswal |
Study |
Son |
8 |
Unmaried |
15,
Nirmet Residency, Near Krishna 3 Bungalows, Motera, Ahmedabad - 380005 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND
LIABILITIES
(MR. MILANKUMAR VADIBHAI BAROT)
(RS.
IN MILLIONS)
DETAILS
OF ASSETS
BANK A/C
|
Bank |
Branch |
S/B, C/D A/c No. |
Present Balance |
|
|
|
|
|
|
Punjab National Bank |
Chandkheda |
4488002100003581 |
0.137 |
|
Axis Bank |
Chandkheda |
909020045215775 |
0.261 |
|
Bank of India |
Motera |
204320110000209 |
0.147 |
|
Dena Bank |
Sabarmati |
084811000071 |
0.004 |
|
Punjab National Bank |
Chandkheda |
4488000100014826 |
0.025 |
|
Dena Bank |
Sabarmati |
-- |
0.023 |
|
|
|
|
|
|
|
|
|
|
|
Total |
0.597 |
||
IMMOVABLE PROPERTY
|
Non Agri Land: Rs.9.262 Millions Residential Bungalow: Rs.3.000 Millions |
MOVABLE PROPERTY
SHARES/
DEBENTURES/ MUTUAL FUND ETC
|
Current Market
Value |
Rs.0.067 Million
|
INVESTMENT IN
GOVERNMENT SECURITIES LIKE BONDS/ PPF/ NSC/ KVP/ IVP ETC.
|
Present Value |
Rs.0.010
Millions |
VEHICLES
|
Present Value |
Rs.3.126
Millions |
CAPITAL INVESTED
IN BUSINESS
|
Capital Invested
in Business |
Rs.4.285
Millions |
OTHER INVESTMENTS/ASSETS
|
Other Assets |
Rs.62.056
Millions |
DETAILS OF LIABILITIES
BORROWER
|
Borrowed From |
Amount of Loan |
|
|
|
|
Unsecured Loan |
66.179 |
|
Secured Loan |
3.240 |
|
Advance from Member |
27.088 |
|
Creditors |
14.139 |
|
Provisions |
0.079 |
|
|
|
|
Total |
110.725 |
LEGAL HEIRS/
FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
|
|
|
|
|
|
|
Mrs. Anju Barot |
House Wife |
Wife |
44 |
Married |
B-01, Nirmit Bungalows, New C G Road, Chandkheda, Ahmedabad, Gujarat,
India |
|
Ms. Mili Barot |
Study |
Daughter |
17 |
Unmarried |
B-01, Nirmit Bungalows, New C G Road, Chandkheda, Ahmedabad, Gujarat,
India |
|
Mr. Nirmit Barot |
Study |
Son |
11 |
Unmarried |
B-01, Nirmit Bungalows, New C G Road, Chandkheda, Ahmedabad, Gujarat,
India |
------------------------------------------------------------------------------------------------------------------------------
REPORT ON VALUATION
Of Plot
of Na Land for Proposed Commercial Complex, known as nirmit square situated at
S. P. No.1 off F. P. No.14, T. P. S. No. 3, Mouje: Odhav, District: Ahmedabad
PART-
I
|
Purpose of Valuation |
To estimate market value of the property for security against loan |
|
|
|
|
Date of Valuation |
16.01.2013 |
|
|
|
|
Name of the Owner(s) |
As
per copy of Banakhat, said Property is to be purchased by Girnar Project Private Limited. |
|
|
|
|
If the property is under
joint ownership/ co-ownership, share of each
owner. Are the shares undivided? |
Not Applicable |
|
|
|
|
Brief description of the
property. |
The
property under reference is a part of the NA Land admeasuring 1,10,886 Sq. Mtrs.
along with construction thereon and machinery situated at FP 14, TP 3 Mouje
Odhav. The subject property, SP No.01 of the above mentioned land and
admeasuring 6944.13 sq. mtrs, was purchased through Notarized Banakhat 2010
by M/s Girnar Project Private Limited. However, the validity of the Banakhat
executed on 08.09.2010 was only for six months. The said period has since
expired. Fresh Banakhat has been executed thereafter which is valid till
30.09.2013. The
Company proposes to construct Commercial Complex named "Nirmit
Square" on the said land. For which they have obtained approval from the
Ahmedabad Municipal Corporation vide Rajja Chhithi
No.29146/240212/B3219/RO/M1 and Case No. BLNTI/EZ/240212/P/B3219/R0/M1 dated
11.09.2012. However as per the approval lay out plan for the proposed
commercial building an area of 1400.02 sq. mtrs has gone into road line and
the balance area of 5544.11 sq. mtrs is available for development. The property under reference is
situated near Odhav Circle on Sardar Patel Ring Road in Odhav area i.e.
within the limits of Ahmedabad. Though the Brochure men ions the Complex as
Ground + Four Storied structure, the proposal at present is to construct
Ground + 2 Storied structures. The Basement will be for parking of vehicles. At the time of inspection, construction work was in progress. |
|
|
|
|
Location,
Street, Ward No. |
Proposed “Nirmit Square” At Girnar Mill Compound, situates near
Gujarat Vepari Maha-Mandal and Odhav Circle S. P. Ring Road, Odhav Ahmedabad |
|
|
|
|
Survey/
Plot No. of land. |
S. P. No.1 of final Plot No.14,
T. P. Scheme No.3, Mouje: Odhav, District: Ahmedabad |
|
|
|
|
Is the
property situated in residential/ commercial/ mixed area / industrial area. |
Mixed Area – Industrial/ Commercial Area |
|
|
|
|
Classification
of locality-High class/ middle class/ poor class. |
Middle Class |
|
|
|
|
Proximity
of civic amenities like schools, hospitals offices, market, cinemas etc. |
All are nearby from the premises |
|
|
|
|
Means and
proximity to surface communication by which the locality is served. |
Bus, Rickshaw and Private Vehicles etc. |
|
|
|
|
LAND DETAILS |
|
|
Area of land supported by documentary Proof, Shape, Dimensions and
Physical features |
Land Area: 6944.13 sq. mtr. I.e. 8305.17 sq. yds. (Say 8305 sq. yds.) Total Plot area of S.P. 1.: 6944.13 sq. mtr. Less: Road Line Area: 1400.02 sq. mtr. ----------------------------------------------------- Net Plot area of s.p.1. 5544.11 sq. mtr. i.e. 6630.75 sq. yds (Say 6630 sq. yds.) |
|
|
|
|
Roads, streets or
lanes on which the land is abutting. |
Abutting to S .P. Ring Road,
Odhav. |
|
|
|
|
Does the land fall
in an area included in any town planning plan of Government or any statutory
body? If so give particulars |
T. P. Scheme No.3, of Mouje:
Odhav |
|
|
|
|
IMPROVEMENTS |
|
|
|
|
|
Furnish technical details of the
building on a separate sheet |
Not
applicable. |
|
|
|
|
1) Is the building
owner-occupied / tenanted / both. 2) If partly owner-occupied, specify |
Assumed
to be owner occupied. |
|
|
|
|
What is
the Floor Space Index permissible and percentage actually
utilized. |
Not
applicable. |
|
|
|
|
SALES |
|
|
Land rate adopted in this
valuation. |
Rs.28000/-
per Sq. Yds. |
|
|
|
|
COST OF
CONSTRUCITON |
|
|
|
|
|
Year of comment of construction
and year of completion. |
Not applicable. (Under Construction) |
PART
– II VALUATION
The Market
Value of Plot of N.A. land situated S.P. No. 1 of Final Plot No. 14, Town Planning
Scheme No. 3, Mouje: Odhav, District: Ahmedabad to be
purchased by Girnar Project Private Limited is
estimated at Rs. 185.600 Millions) as on 16th January 2013.
The
Realizable Value of the subject property is estimated at Rs.148.400 Millions as
on 16th January, 2013.
The
Distress Value of the subject property is estimated at Rs.130.000 Millions as
on 16th January, 2013.
------------------------------------------------------------------------------------------------------------------------------
REPORT ON COST OF CONSTRUCTION
OF PROPOSED COMMERCIAL COMPLEX
KNOWN AS “NIRMIT SQUARE”
SITUATED AT S. P. NO.1 OF F. P. NO.14, T. P. SCHEME NO.3 AT ODHAV, AHMEDABAD
|
Purpose/ Term of Reference: |
To arrive at the cost of construction of the proposed commercial complex – Nirmit Square |
|
|
|
|
Date of inspection |
January 08, 2013 |
|
|
|
|
Name of Owner |
As per copy of Banakhat, said Property is to be purchased by Girnar Project Private Limited. |
|
|
|
|
Profile of the Company and
Details of the Property |
Company incorporated on 20/7/2010, is having its
Registered Office at Sub Plot No.1, Girnar Scooter Compound, Near Vepari Maha
Mandal, Odhav, Ahmedabad. The company has been constituted to carry on the
business to purchase/ acquire, construct, sell, dispose of, manage, and deal
in real and personal properties of all kinds and in particular land, building
etc. The company is also engaged in the business of civil constructions of
Residential and Commercial Buildings. The company is currently developing
Commercial complex project known as "Nirmit Square" in Ahmedabad. The company is promoted by Mr. Suresh Jaiswal and
Mr. Ashok Khandelwal in 2010. The promoters have joined hands with Mr. Milan
Barot having experience of two decades in the Real Estate market of Gujarat.
The Directors of the Company are as under: Mr. Suresh Jaiswal Mr. Ashok Khandelwal Mr. Milan Barot The property under reference is a part of the NA
Land admeasuring 1,10,886 Sq. Mtrs. along with construction thereon and
machinery situated at FP 14, TP 3 Mouje Odhav. The subject property, SP No.01
of the above mentioned land and admeasuring 6944.13 sq. mtrs, was purchased
through Notarized Banakhat by company. However, the validity of the Banakhat
executed on 08.09.2010 was only for six months. The said six month period has
since expired. Fresh Banakhat has been executed thereafter which is valid
till 30.09.2013. However as per the
approved lay out for the proposed commercial building an area o1400.02 sq.
mtrs has gone into road line and the balance area of 5544.11 sq. mtrs is
available for development. They now propose
to construct commercial complex known “Nirmit Square” for which approval of
the Ahmedabad Municipal Corporation has been obtained vide Raja Chhitthi
29146/240212/B3219/R0/M1 Dated 11.09.2012 and plan approval vide No.
BLNTI/EZ/240212/P/B3219/R0/M1 DATED 11.09.2012. |
|
|
|
|
Project Details |
The project “Nirmit Square” is located near Odhav Circle of Sardar Patel Ring Road on Kathllal – Indore Line Road near Barcelona Business Campus. As per the Brochure, the complex will have a Ground + Four Storied Structure. However, the proposed at present is to construct Ground + 2 Storied structure. The total saleable area of the Ground, First and Secound floors of the said Project is 99,215 sq. ft. and total units will be 183. As per approved plan, the total built up area is 13702.74 sq. mtrs. |
|
|
|
|
Specifications |
The shops/ offices are being constructed of RCC frame structure, dual coat plaster, well equipped with aluminum section windows, Six lifts including one stretcher lift, Acylic paint on the external side, ISI approval copper wiring and modular switches, Vitrified tiles inside the shops/offices and natural stone/ granite on the outside foyer/ lift/stairs etc. |
COST OF PROJECT
|
Particulars |
Incurred upto
30.11.2012 |
To be incurred |
Total |
|
|
|
|
|
|
Land and Other
Expenses |
17.551 |
10.225 |
27.776 |
|
Stamp Duty |
0.000 |
2.324 |
2.324 |
|
Total |
17.551 |
12.549 |
30.100 |
|
|
|
|
|
|
Local Governing
Body Development Charges |
8.626 |
10.591 |
19.217 |
|
Cost of
Construction |
11.565 |
168.436 |
180.001 |
|
Plant and
Machinery |
0.460 |
8.400 |
8.860 |
|
Professional Fee
and other Charges |
0.516 |
6.484 |
7.000 |
|
Miscellaneous Construction Expenses |
2.532 |
10.968 |
13.500 |
|
Marketing Cost |
0.407 |
7.593 |
8.000 |
|
Interests during
construction period (Bank) |
0.000 |
12.891 |
12.891 |
|
Contingencies |
0.000 |
4.350 |
4.350 |
|
|
|
|
|
|
Total cost of project |
41.657 |
242.262 |
283.919 |
MEANS OF FINANCE
|
Particulars |
upto 30.11.2012 |
Proposed |
Total |
|
|
|
|
|
|
Shares Capital |
4.600 |
0.000 |
4.600 |
|
Share Premium |
18.000 |
0.000 |
18.000 |
|
Unsecured loan
from promoters , their spouse and ch. |
14.266 |
0.000 |
14.266 |
|
Contribution from
members for advance booking |
5.738 |
141.315 |
147.053 |
|
Net of misc CA and CL |
(0.947) |
0.947 |
0.000 |
|
Term Borrowings
from Bank Term Loans |
0.000 |
100.000 |
100.000 |
|
|
|
|
|
|
Total Means of Finance |
41.657 |
242.262 |
283.919 |
IMPLEMENTATION SCHEDULE OF THE PROJECT
|
Activity |
Status |
Date of
Completion |
|
|
|
|
|
Land Acquisition |
Completed |
Completed |
|
Land Documentation
|
Banakhat Executed |
15.12.12 |
|
Construction Work |
Started from October, 11 |
June- 14 |
PROGRESS AT SITE
|
Particulars |
Celler |
GF |
FF |
SF |
Total |
|
|
|
|
|
|
|
|
Construction started |
Yes |
Yes |
No |
No |
-- |
|
Completion Stage |
50% |
10% |
-- |
-- |
-- |
|
Area in Sq. ft. |
|
34631 |
32010.45 |
32574.20 |
99215.65 |
|
Area Booked |
|
5456 |
6088.0 |
32574.20 |
44118.20 |
|
% Booked |
|
16% |
19% |
100% |
44.5% |
|
Booking amount received in Millions |
5.738 |
||||
COMMERCIAL DETAILS AND AREA CALCULATION
|
Particulars |
As per Approved
Plan |
As per copy of
brochure (As informed by
client) |
|
|
|
Built up area in Sq. Mtrs. |
No. of Units |
Saleable area in Sq. ft. |
|
|
|
|
|
|
Cellar |
4141.21 |
|
|
|
Ground Floor |
3029.86 |
80 |
34631 |
|
First Floor |
3029.86 |
69 |
32010 |
|
Second Floor |
2973.82 |
34 |
32574 |
|
Stair Cabin and Lift Machine Room |
527.99 |
|
|
|
|
|
|
|
|
Total |
13702.74 sq.
mtr. i.e. 16388.47 sq. yds. |
183 |
99215 |
------------------------------------------------------------------------------------------------------------------------------
OPERATIONS
The company is
going to purchase land at Odhav, Ahmedabad for residential and commercial
scheme for which advance money given of Rs.17.551 Millions. All expenditure
incurred during the year including land development expenses for the new scheme
launched during the year transfer to construction work in progress and there is
no loss during the year. The directors expect better result in next year.
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Sahyog Traders – Mr. Uttambhai (91-9925114103)
· K D Corporation – Mr. Pramodbhai (91-9825034861)
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS:
· Air Conditioner
· Computer
· Compressor Purchases
· Mobile Expenses
· Submersible Pump
· Office Building
· R O Plant
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.59.71 |
|
|
1 |
Rs.90.59 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.