|
Report Date : |
11.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAMGOPAL AND COMPANY |
|
|
|
|
Registered
Office : |
A-202, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.01.1977 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.397 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADFR3274Q |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Ferrous and Non Ferrous Materials and also
Manufacturing of Cement Concrete Blocks. |
|
|
|
|
No. of Employees
: |
14 [In Office 1, In Factory 11 and In Branch 2] Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
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 partnership concern having moderate track
record. There appears sharp dip in sales and profit of the company in
2012-13. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The concern 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August. Onion
prices have risen nearly 300 % from last September. Vegetables cost nearly 90 %
more than they did last year. Wake up to the economic contribution of slum
dwellers. They contribute more than 7.5 % to the country’s gross domestic
product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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. Gaurav Chhawachharia |
|
Designation : |
Partner |
|
Contact No.: |
91-9769254531 |
|
Date : |
06.11.2013 |
LOCATIONS
|
Registered Office : |
A-202, Samruddhi Building, M.G. Road, Kandivali (West), Mumbai-400067,
Maharashtra, India |
|
Tel. No.: |
91-22-28621260/ 28086508 |
|
Mobile No.: |
91-9769254531 [Mr. Gaurav Chhawachharia] |
|
Fax No.: |
91-22-28086508 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Village Waripada, New Plaza Talao, P.O. Juhu Chandra, Naigaon (East),
Taluka Vasai, District Thane-401202, Maharashtra, India |
|
|
|
|
Branch Office : |
D-401, Shree Ramdev Commercial Complex, Dr. Dalvi Road, Kandivali (West),
Mumbai-4000067, Maharashtra, India |
|
Tel. No.: |
91-22-40105000 |
|
Fax No.: |
91-22-40105000 |
PARTNERS
|
Name : |
Mr. Parmeshwar M. Chhawachharia |
|
Designation : |
Partner |
|
Address : |
A-202, Samruddhi Building, M.G. Road, Kandivali (West), Mumbai-400067,
Maharashtra, India |
|
Date of Birth/Age : |
58 Years |
|
Qualification : |
B. Com |
|
Experience : |
36 Years |
|
|
|
|
Name : |
Mr. Gaurav Chhawachharia |
|
Designation : |
Partner |
|
Address : |
A-202, Samruddhi Building, M.G. Road, Kandivali (West), Mumbai-400067,
Maharashtra, India |
|
Date of Birth/Age : |
33 Years |
|
Qualification : |
B.E. [Computer] |
|
Experience : |
9 Years |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Ferrous and Non Ferrous Materials and also
Manufacturing of Cement Concrete Blocks. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit [60 Days] |
|
|
|
|
Purchasing : |
Credit [45 Days] |
PRODUCTION STATUS
|
Particulars |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
Cement Concrete Blocks |
1500 Nos. |
1200 Nos. |
GENERAL INFORMATION
|
Suppliers : |
·
A.V. Enterprises ·
Dhanlaxmi TMT Bars Private Limited ·
Krishi Enterprises ·
Pioneer Steels ·
Shree Siddhivinayak Steel ·
Thane Steels Private Limited ·
U.C. Metals Private Limited ·
Zuari Cement Limited ·
Rekha Bright Steel Private Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
End Users and Others |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
14 [In Office 1, In Factory 11 and In Branch 2] Approximately |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Central Bank of India, S.V. Road, Kandivali (West), Mumbai-400067,
Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nirmal Kumar Nahata Chartered Accountant |
|
Mobile No.: |
91-9321677996 |
|
E-Mail : |
CAPITAL STRUCTURE
AS ON 31.03.2013
CAPITAL
ACCOUNT
(RS. IN MILLIONS)
|
Name of the
Partners |
Share of Profit |
Opening Balance |
Addition During
the Year |
Remuneration to
Partners |
Withdrawal
During the Year |
Share of Profit
/ (Loss) |
Closing Balance |
|
Parmeshwar M.
Chhawachharia |
50% |
3.460 |
0.950 |
0.100 |
0.857 |
0.143 |
3.796 |
|
Gaurav
Chhawachharia |
50% |
1.273 |
1.153 |
0.120 |
3.088 |
0.143 |
(0.399) |
|
|
|
4.733 |
2.103 |
0.220 |
3.945 |
0.286 |
3.397 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
3.397 |
4.733 |
2.757 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3.397 |
4.733 |
2.757 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
16.030 |
14.817 |
4.727 |
|
|
2] Unsecured Loans |
6.327 |
4.898 |
0.843 |
|
|
TOTAL BORROWING |
22.357 |
19.715 |
5.570 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25.754 |
24.448 |
8.327 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.172 |
0.190 |
0.152 |
|
|
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 |
6.889
|
4.097 |
0.798 |
|
|
Sundry Debtors |
26.920
|
51.932 |
17.277 |
|
|
Cash & Bank Balances |
0.207
|
0.177 |
2.126 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.150 |
|
|
Loans & Advances |
1.536
|
0.151 |
0.314 |
|
Total
Current Assets |
35.552
|
56.357 |
20.665 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
9.970
|
32.099 |
12.490 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
9.970
|
32.099 |
12.490 |
|
|
Net Current Assets |
25.582
|
24.258 |
8.175 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25.754 |
24.448 |
8.327 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
89.114 |
195.743 |
181.406 |
|
|
|
Other Income |
1.456 |
0.000 |
0.000 |
|
|
|
TOTAL |
90.570 |
195.743 |
181.406 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
81.780 |
186.598 |
172.194 |
|
|
|
Octrio Charges |
1.968 |
1.876 |
4.171 |
|
|
|
Transportation Charges |
1.285 |
2.834 |
3.160 |
|
|
|
Salary |
0.172 |
0.166 |
0.069 |
|
|
|
Vat Expenses |
0.520 |
0.003 |
0.000 |
|
|
|
Office Rent Expenses |
0.145 |
0.163 |
0.000 |
|
|
|
Other Expenses |
4.175 |
2.904 |
1.296 |
|
|
|
TOTAL |
90.045 |
194.544 |
180.890 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.525 |
1.199 |
0.516 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.019 |
0.029 |
0.003 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
0.506 |
1.170 |
0.513 |
|
Note : Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.55
|
0.60 |
0.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.57
|
0.60 |
0.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.42
|
2.07 |
2.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.25 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
6.58
|
4.17 |
2.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.57
|
1.75 |
1.65 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
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 |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
FIXED ASSETS:
·
Land
·
Furniture
·
Office Equipment
·
Dyes / Mould
·
Mobile Handset Phone
·
Air Conditioner
·
Machinery
·
Electric Fan
·
Computer
·
Printer
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF TOTAL INCOME
(RS. IN MILLIONS)
|
BUSINESS INCOME |
|
|
|
Net Profit as per Profit and Loss A/C |
|
0.286 |
|
|
|
|
|
Add: Expenses Disallowable |
|
|
|
Depreciation |
0.019 |
|
|
Interest on Late Payment of TDS |
0.000 |
|
|
Remuneration to Partners |
0.220 |
0.239 |
|
|
|
0.525 |
|
|
|
|
|
Less: Expenses Allowable |
|
|
|
Depreciation Allowable |
0.019 |
|
|
Remuneration to Partners |
0.220 |
0.239 |
|
|
|
|
|
GROSS TOTAL
INCOME |
|
0.286 |
|
|
|
|
|
TOTAL TAXABLE
INCOME |
|
0.286 |
|
|
|
|
|
Income Tax Thereon |
|
0.086 |
|
Add: Education CESS @ 3% on Tax Payable |
|
0.003 |
|
|
|
|
|
TOTAL TAX
PAYABLE |
|
0.089 |
|
|
|
|
|
Add: Interest U/s 234 C |
|
0.000 |
|
|
|
|
|
Less: Tax Paid: |
|
|
|
Tax Deducted at Source |
|
0.089 |
|
|
|
|
|
Tax Refundable |
|
0.001 |
|
|
|
|
|
Say |
|
0.001 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING
CAPITAL REQUIREMENT
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
|
|
Projected |
|
|
|
|
Gross Sales |
|
|
Domestic Sales |
280.000 |
|
Export Sales |
0.000 |
|
Total |
280.000 |
|
Less: Excise Duty/WCT |
0.000 |
|
Net Sales |
280.000 |
|
|
|
|
% age rise (+) or fall (-)
in net sales compared to previous year (annualized) |
1.19 |
|
|
|
|
Cost of Sales |
|
|
a) Raw Materials (including
stores) |
|
|
- Imported |
0.000 |
|
- Indigenous |
267.000 |
|
|
|
|
b) Other Spares |
|
|
- Imported |
0.000 |
|
- Indigenous |
0.000 |
|
c) Power and Fuel |
0.065 |
|
d) Direct Labour |
1.200 |
|
e) Other manufacturing
expenses/ research and development cost |
4.000 |
|
f) Depreciation |
0.012 |
|
|
|
|
Sub-Total |
272.277 |
|
|
|
|
Add: Opening Stock in
process |
9.000 |
|
|
|
|
Sub Total |
281.277 |
|
|
|
|
Less: Closing stock in
process |
10.000 |
|
|
|
|
Sub-Total (Cost of
Production) |
271.277 |
|
|
|
|
Add: Opening Stock of
Finished Goods |
0.000 |
|
Subtotal |
271.277 |
|
|
|
|
Less: Closing Stock of
Finished Goods |
0.000 |
|
|
|
|
Sub-Total (Cost of Sales) |
271.277 |
|
|
|
|
Selling, general and
administrative Expenses |
1.700 |
|
Sub-Total |
272.977 |
|
|
|
|
Operating profit before
interest |
7.023 |
|
|
|
|
Interest |
3.000 |
|
|
|
|
Operating profit after
interest |
4.023 |
|
|
|
|
Others |
0.000 |
|
|
|
|
Net of other non-operating
income/expenses |
0.000 |
|
|
|
|
Profit before tax/Loss |
4.023 |
|
|
|
|
Less: Provision for taxes |
1.500 |
|
|
|
|
Net Profit |
2.523 |
|
|
|
|
Retained Profit |
2.523 |
|
|
|
|
Retained Profit/Net Profit
(% age) |
-- |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
|
|
Projected |
|
CURRENT
LIABILITIES |
|
|
Short – Term borrowings from banks [including bill
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
From applicant Banks |
16.000 |
|
From Other Banks |
0.000 |
|
|
|
|
Sub
Total (A) |
16.000 |
|
|
|
|
Short Term Borrowings from others |
19.500 |
|
Sundry creditors [Trade] |
0.000 |
|
Sundry creditors [Expenses] |
0.000 |
|
Advance payments from customers/ deposits from dealers |
0.000 |
|
Provision of taxes |
0.000 |
|
Dividend Payable |
0.000 |
|
Other Statutory Liabilities (Due within one year) |
0.000 |
|
Deposits/ Installments of Term/ loans/DPGs/Debentures etc. (Due within one year) |
1.400 |
|
Other current liabilities and provision (Due within one year) |
1.500 |
|
|
|
|
Sub
– Total (B) |
22.400 |
|
|
|
|
Total
Current Liabilities |
38.400 |
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
Debentures (Not Maturing within one year) |
0.000 |
|
|
|
|
Preferences Shares (Redeemable after one year) |
0.000 |
|
|
|
|
Prop. Term Loan excluding installments < 1 year |
0.000 |
|
|
|
|
Term Loans (Excluding Installment) |
0.000 |
|
|
|
|
Deferred Installment (Due within one year) |
0.000 |
|
|
|
|
Term deposit (repayable one year) |
0.699 |
|
|
|
|
Other Term Liabilities |
4.000 |
|
|
|
|
Total
Term Liabilities |
4.699 |
|
Total
of Outside Liabilities |
43.099 |
|
|
|
|
Net
Worth |
|
|
Share Capital Account |
2.568 |
|
General Reserve |
0.000 |
|
Shares Premium Account |
0.000 |
|
Plus (+) or deficit (-) in Profit and Loss Account others (Specify) |
7.748 |
|
Differed Tax Liability |
0.000 |
|
|
|
|
Net Worth |
10.316 |
|
|
|
|
TOTAL LIABILITIES |
53.415 |
|
|
|
|
ASSETS |
|
|
CURRENT
ASSETS |
|
|
|
|
|
Cash and Bank Balance |
0.617 |
|
|
|
|
Fixed deposit with bank |
0.000 |
|
|
|
|
Receivable Other than Exports |
40.881 |
|
|
|
|
Installment of deferred receivable (due within one year) |
0.000 |
|
|
|
|
INVENTORY: |
|
|
Raw materials (including
stores and other item used in the process of manufacturing) |
|
|
Imported |
0.000 |
|
Indigenous |
0.000 |
|
|
|
|
Stock – in – process |
10.000 |
|
Finished Goods |
0.000 |
|
|
|
|
Other Consumable Spares |
|
|
Imported Consumables |
0.000 |
|
Indigenous Consumables |
0.000 |
|
|
|
|
Advance to Suppliers of Raw materials and stores and
spares |
|
|
Advances Payments Taxes |
0.750 |
|
Other current assets (specify major items ) |
0.800 |
|
|
|
|
TOTAL
CURRENT ASSETS |
53.048 |
|
|
|
|
FIXED
ASSETS |
|
|
Gross Block |
0.421 |
|
Depreciation to date |
0.054 |
|
|
|
|
NET
BLOCK |
0.367 |
|
|
|
|
Investment/ books debts/ advances/ exposits which are not
current assets |
|
|
Investment in subsidiary company |
0.000 |
|
Others Investment |
0.000 |
|
|
|
|
Others
Debtors (6 month) |
|
|
Security Deposits |
0.000 |
|
Others |
0.000 |
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
0.000 |
|
|
|
|
Intangible assets |
0.000 |
|
|
|
|
TOTAL
ASSETS |
53.415 |
|
|
|
|
Tangible Net Worth |
10.316 |
|
|
|
|
Net Working Capital |
14.648 |
|
|
|
|
Current Ratio |
1.38 |
|
|
|
|
Debt Equity Ratio |
4.18 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
|
|
Projected |
|
|
|
|
Raw Materials (Including Stores, and Other
Items used in the Process of Manufacture)
|
|
|
[a] Imported |
0.000 |
|
Months Consumption |
0.000 |
|
[b] Indigenous |
0.000 |
|
Months Consumption |
0.000 |
|
|
|
|
Other consumable spares, Excluding those
included 1 above |
|
|
[a] Imported |
0.000 |
|
Months Consumption |
0.000 |
|
[b] Indigenous |
0.000 |
|
Months Consumption |
0.000 |
|
|
|
|
Stock in process |
10.000 |
|
Months cost of production |
22.606 |
|
|
0.044 |
|
|
|
|
Finished goods |
0.000 |
|
Months cost of sales |
0.000 |
|
|
|
|
Receivable other than export and deferred
receivables [including bills purchased and discounted by bankers] |
40.881 |
|
Months domestic sales excluding deferred payment
sales |
23.333 |
|
|
|
|
Export receivables [including bills
purchased and discounted by bankers months export sales] |
0.000 |
|
|
|
|
Advances to suppliers of raw materials and
stores/ spares consumable |
0.000 |
|
|
|
|
Other current Assets including cash and bank
balances and deferred receivable due within one year |
2.167 |
|
|
|
|
TOTAL CURRENT ASSETS |
53.048 |
|
|
|
|
B CURRENT LIABILITIES |
|
|
[Other than bank borrowing for working
capital] |
0.000 |
|
|
|
|
Creditors for purchases of raw materials and
stores and consumable spares |
19.500 |
|
Total Purchases |
267.000 |
|
Months purchases |
222.50 |
|
|
0.088 |
|
Credit for than Suppliers |
0.000 |
|
|
|
|
Advances from customers |
0.000 |
|
|
|
|
Statutory liabilities |
0.000 |
|
|
|
|
Other current liability including short term
borrowing dividend payable, installment of DPG public deposit, debentures
etc. |
2.900 |
|
|
|
|
Dividend payable |
0.000 |
|
|
|
|
TOTAL |
22.400 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION
OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL
(RS IN MILLIONS)
|
Particulars |
31.03.2014 |
|
|
Projected |
|
|
|
|
Total Current Assets |
53.048 |
|
|
|
|
Other Current Liabilities (Other than bank borrowings) |
22.400 |
|
|
|
|
Working Capital Gap (WCG) |
30.648 |
|
|
|
|
Minimum stipulated net working capital i.e.
25% of WCG/ 25% of total current assets as the case may be depending upon the
method of lending being applied (Export receivables to be excluded under both
methods) |
13.262 |
|
|
|
|
Actual / projected net working capital |
14.648 |
|
|
|
|
Item 3 minus item 4 |
17.386 |
|
|
|
|
Item 3 minus item 5 |
16.000 |
|
|
|
|
Maximum permissible bank finance (Item 6 or 7 whichever is lower) |
16.000 |
|
|
|
|
Excess Borrowing Representing Short falling
NWC |
(1.386) |
------------------------------------------------------------------------------------------------------------------------------
FUNDS FLOW STATEMENT
(RS IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
|
|
Projected |
|
SOURCES OF FUNDS
|
|
|
|
|
|
Net Profit (after deferred tax) |
2.523 |
|
Depreciation |
0.012 |
|
Increase in share capital/appln./premium |
0.000 |
|
Increase in term liabilities (including public deposits) |
0.000 |
|
Increase in Unsecured Loans |
2.000 |
|
Decrease in |
|
|
Fixed assets and capital WIP |
0.000 |
|
Other non-current assets |
0.000 |
|
Inc./(dec.) in deferred tax liability /
(asset) |
0.000 |
|
Other |
0.000 |
|
Current liabilities |
4.600 |
|
|
|
|
TOTAL |
9.135 |
|
|
|
|
USES |
|
|
Net loss |
0.000 |
|
Decrease in term liabilities (including public deposits) |
1.400 |
|
Increase in |
|
|
Fixed assets and capital WIP |
0.125 |
|
Other non-current assets |
0.000 |
|
Dividend payments |
|
|
Inc./(Dec.) in deferred tax
assets/(liability) |
0.000 |
|
Others |
0.000 |
|
Current Assets |
7.510 |
|
Drawings |
0.100 |
|
TOTAL |
9.135 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
IMMOVABLE PROPERTY
|
Purpose of valuation |
Fair market value for bank finance |
|
|
|
|
Date of visit |
14.06.2012 |
|
|
|
|
Persons accompanying/available at the sit at
the time of visit/inspection/valuation |
Mrs. Kavita Kate
|
|
|
|
|
List of documents product for perusal |
1. Copy of agreement for sale dated 19th May, 2010, Between
Enigma Construction Private Limited and Evershine Developers (Joint
Developers) and Ms. Shakuntala Chhawachharia and Ms. Shakuntala Khemk
(Purchasers) 2. Copy of Typical Floor Plan 3. Copy of 7/12 4. Copy of Power of Attorney 5. Copy of ID Proof |
|
|
|
|
Landmark |
Near Global City and Approx. 1 ½ Km. distance from Virar Railway
Station. |
|
|
|
|
Longitude and Latitude |
Longitude: 72.86 and Latitude: 19.16 |
|
A] Complete address of the property |
Property is located at 2nd Floor,
Flat No. 202, “M” Wing, Building No. 18 to 20, Rustomjee Evershine Global
City, Village Narangi, Virar (West), Taluka Vasai, District Thane |
|
B] Boundaries |
Property is bounded by: North: Road South: Building No. 9 East: Street/Building No. 16 West: Building No. 12 |
|
|
|
|
Title To The Property |
|
|
Name of the owner/owners |
Ms. Shakuntala Chhawachharia and Ms. Shakuntala
Khemk r/o A-202, Samruddhi Building, M.G. Road, Kandivali (West), Mumbai -400
067. |
|
|
|
|
Since how long g the property |
Since 2010 as per agreement for sale |
|
|
|
|
Whether joint/co-ownership/others |
Joint Ownership |
|
|
|
|
Restrictive Clauses as to use, if any
[Whether building use certificate from the corporation has been obtained
etc.] |
The said building is a residential
building |
|
|
|
|
Locational advantages/disadvantages |
Advantage: Approx. 1 ½ Km. distance from Virar
Railway Station Disadvantage: |
|
Classification of locality: High
Class/Middle Class/Poor Class |
Middle Class |
|
|
|
|
Civic Amenities |
All civic amenities are nearby and within
easy reach. |
|
|
|
|
Proximity to
surface communication |
Auto, Bus, Train, Taxi |
|
|
|
|
Distance from City/ Municipal Limits |
Within limits of CIDCO |
|
|
|
|
If the property is not within the
City/Town/Municipal Limits, then state the distance of the property from the a) Municipal Office b) Municipal Limits |
N.A. |
|
Disadvantages, if any, to be specified |
As above |
|
|
|
|
Title To The Property |
|
|
Whether freehold |
As per legal opinion |
|
|
|
|
Residential (Flat/Apartment), (Any
Restrictive Clauses For Sale etc., to be Furnished) |
Yes |
|
|
|
|
What is The |
|
|
Year of acquisition/purchase of land |
As per deed |
|
|
|
|
Value/purchase price paid |
As per deed |
|
|
|
|
Year of construction of
superstructure/purchase of building |
Under Construction 2nd Floor Flat , Stilt+7 Storied |
|
|
|
|
Numbers of Floors/Storeys |
Residential Building |
|
|
|
|
Year of Completion |
Under Construction |
|
|
|
|
Additions/Improvements carried out if any
state briefly nature of additions/improvements, total cost thereof |
Not Known |
|
|
|
|
Rate and amount of depreciation |
1.5% p.a. or 5% flat in case total
depreciation is less than 5%. |
|
|
|
|
Present written down value |
Not Known |
|
|
|
|
Estimated future life |
60 Years |
|
|
|
|
Area of land to be supported by a map showing
shape, dimensions and physical features |
It’s a 2nd Floor Flat, Carpet
Area=68.47 Sqm. (737 Sq. FT.) and Built-up Area= 82.16 Sq. Mt. (884 Sq. Ft.)
as per agreements for sale. |
|
|
|
|
Type/Class of Construction |
A-Class |
|
|
|
|
Service items available (list of all the
items provided – such as lifts, borewell, pump, water supply, sanitary
disposal systems, canteen stores, etc.) |
Services items like, lift, water, sanitary
disposal system, transportation etc. are available. |
|
|
|
|
Whether the property is residential
flat/apartment, if so, state |
Yes |
|
|
|
|
When the building was constructed? |
Under Construction |
|
|
|
|
Whether full consideration has been paid and
proper title document obtained and produced for verification? |
Yes |
|
|
|
|
In which floor/storey, the flat is located? |
2nd Floor Flat on Stilt+7 Storied
Building |
|
|
|
|
Whether the property is self-occupied or
tenanted/let out |
Self-occupied |
|
|
|
|
Basis of Present Valuation |
|
|
Market Value Rate Adopted |
Yes |
“Composite Value” method of valuation is
adopted for the property
COMPOSITE: Property is located at 2nd Floor,
Flat No. 202, “M” Wing, Building No. 18 to 20, Rustomjee Evershine Global City,
Village Narangi, Virar (West), Taluka Vasai, District Thane. It’s a 2nd
Floor, Carpet Area=68.47 Sqm. (737 Sq. Ft.) and Built-up Area=82.16 Sqm. (884
Sq. Ft.) as per agreement for sale.
Market based composite rate of residential is
Rs.455 – 5500/Sq. Ft. of built-up area. In view of all above factors the
following rate represents the true intrinsic value of the location of the
property. The calculation of value is as under:
A. COMPOSITE:
|
Portion |
Area in Sq. Ft. |
Composite Rate in Rs./Sq. Ft. |
Composite Value in Rs. In Million |
|
2nd Floor Flat, Built-Up Area |
884 |
5000 |
4.420 |
B. DEPRECIATION
RCC framed structure with accommodation and
specification as under:
|
2nd Floor Flat |
Under Construction |
|
Flooring/Amenities |
Under Construction |
CPWD Plinth Area Rates (2007 and cost index
149) on Sq. Ft. Basis:
|
Portion |
Basic Rate |
Services |
Flooring |
Interiors |
Rate Adopted |
|
RCC Slab |
600 |
400 |
80 |
380 |
1314 |
Adopted rate has been averaged to reflect
lower cost of portions not having high specifications.
|
Portion |
Area in Sq. Ft. |
Age in Years |
Plinth Area Rate/ Sft. Rs |
Cost of Construction in Rs. In Millions
|
Depreciation in Rs. |
|
2nd Floor Flat, Built-Up Area |
884 |
0 |
1314 |
1.162 |
0 |
|
Depreciated Replacement Cost of Building = Rs. |
1.162 |
[Insurance Purpose] |
|||
|
Building Land Share = Rs. |
3.258 |
|
|||
|
Total: Composite Value – Depreciation A – B = Rs. |
4.420 |
|
|||
Say = Rs.4.420 Millions
|
Basis for adopted rates |
Location, size, depth and specification of
property |
|
|
|
|
Whether the adopted rates are commensurate
with the rates adopted by the registrar’s office? In case of vide variation |
No. Since value differs with purpose, the
rates adopted at registrar’s office are for the purpose of fixing the stamp
duty and do not reflect the fair market value. |
|
|
|
|
Whether the adopted rates have any
relationship with those adopted by the IT Department |
No. again because the purpose of IT Dept. is
to fix Wealth Tax hence the difference. |
|
|
|
|
Whether the rates are based on prevalent
rates in the area. If so, the basis for accepting the same. |
Yes by enquiry from local property dealers/
agents. |
|
|
|
|
Whether the building is insured, if so |
To be furnished by the owner |
|
|
|
|
In case the bank were to sell the property,
what would be the approximate realizable value (forced sale value) |
Approx. Rs.3.500 Millions (20% Lower) |
|
|
|
|
Sources of information for arriving at the
forced sale value |
Local sources, agents/dealers and own
professional judgment. |
------------------------------------------------------------------------------------------------------------------------------
TECHNICAL DETAILS FOR THE
PREMISES
|
No. of Floors and height of each floor |
Stilt+7 upper floor Height –’ ft. |
|
|
|
|
Location and Plinth Area |
It’s a 2nd Floor Flat, Carpet
Area=68.47 Sqm. (737 Sq. Ft.) and Built-up Area=82.16 Sqm. (884 Sq. Ft.) as
per agreements for sale |
|
|
|
|
Year of Construction |
Under Construction |
|
|
|
|
Estimated Future Life |
60 Years [Subject to Regular Maintenance and
Repair of the Building] |
|
|
|
|
Type of Construction |
RCC Framed Structure |
|
|
|
|
Type of Foundation |
RCC Footing |
|
|
|
|
Walls |
|
|
External Walls |
9” thick brick masonry wall both side
plastered. |
|
|
|
|
Partitions |
4½ “ thick brick masonry wall both side
plastered |
|
|
|
|
Door and Windows [Floor-Wise] |
Under Construction |
|
|
|
|
Flooring [Floor-Wise] |
Under Construction |
|
|
|
|
Finishing and Maintenance |
Average |
|
|
|
|
Roofing and Terracing |
RCC Slab Roof |
|
|
|
|
Special Architectural or Decorative Features
|
Normal |
|
|
|
|
Internal Wiring Surface or Conduit |
Concealed Wiring |
|
|
|
|
Class of Fitting Superior/Ordinary/Poor |
Ordinary |
|
|
|
|
Sanitary Installation |
Gents and Ladies Toilets |
|
|
|
|
Class of Fitting Superior Colored/Superior
White/Ordinary |
Ordinary |
|
|
|
|
Compound Wall |
Yes |
|
|
|
|
No. of Lift and Capacity |
Yes Lift Provisioned |
|
|
|
|
Underground Sump |
Existing |
|
|
|
|
Capacity |
Sufficient as per requirement |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Overhead Tank |
Existing |
|
|
|
|
Where Located |
On Terrace |
|
|
|
|
Capacity |
Sufficient as per requirement |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Pumps Nos. and their horsepower |
No Pumps |
|
|
|
|
Road and paving within the compound, approx.
area |
Yes |
|
|
|
|
Sewage disposal/whether connected to public
sewers. If septic tank provided n and capacity |
Connected to CIDCO sewer line |
|
|
|
|
Regards to Aesthetics and Environment |
Normal |
|
|
|
|
Safety Consideration Fires, Earthquakes, and
Tides |
Fire Fighting Equipment no Provided |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
IMMOVABLE PROPERTY
|
Purpose of valuation |
Fair Market Value For Bank Finance |
|
|
|
|
Date of visit |
13.06.2012 |
|
|
|
|
Persons accompanying/available at the site
at the time of visit/inspection/valuation |
Mr. Parmeshwar Makhanlal Chhawachharia |
|
|
|
|
List of documents produced for perusal |
1. Copy of agreements for sale dated 10th January, 2003,
Between Mrs. Bimala Bijay Sharma (Transferor) and Mr. Parmeshwar Makhanlal Chhawachharia
and Mrs. Shakuntala Parmeshwar Chhawachharia (Transferees) 2. Copy of 1st Agreements for sale dated 11th
August, 1977. 3. Copy of confirmation deed dated 10th January, 2003 4. Copy of Letter of Possession dated 13.01.2003 5. Copy of Share Certificate 6. Copy of CHS Letter |
|
|
|
|
Landmark |
Near BMC College or School and Approx. 1 Km.
distance from Kandivali Railway Station |
|
|
|
|
Longitude and Latitude |
Longitude: 72.83 and Latitude: 19.20 |
|
a) Complete address of the property |
Property is located at 2nd Floor,
Flat No. 202, “A” Wing, Samruddhi Co-operative Housing Society Limited.
(Regn. No. BOM/WR/HSG/TC/1541/1985 – 1986, dated 10.09.1985), Survey n. 1 A,
1 B, Hissa no. 8 and 9, CTS NO. 1074, 1076, 1076/1 and 2, Village Kandivali,
Taluka Borivali, M.G. Road, Kandivali (West), Mumbai – 400067 |
|
b) Boundaries |
Property is bounded by: North: Madhurima Building South: Road East: “F” Wing West: Road |
|
|
|
|
Title to the property |
|
|
a) Name of the owner/owners: |
Mr. Parmeshwar Makhanlal Chhawachharia and
Mrs. Shakuntala Parmeshwar Chhawachharia r/o 2nd Floor, Flat No.
202, “A” Wing, Samruddhi Co-operative Housing Society Limited. (Regn. No.
BOM/WR/HSG/TC/1541/1985 – 1986, dated 10.09.1985), Survey N. 1 A, 1 B, Hissa
No. 8 and 9, CTS No. 1074, 1076, 1076/1 and 2, Village Kandivali, Taluka
Borivali, M.G. Road, Kandivali (West), Mumbai-400067 |
|
|
|
|
b) Since how long owning the property |
Since 2003 as per Agreements for Sale |
|
|
|
|
c) Whether joint/co-ownership/others |
Joint Ownership |
|
|
|
|
d) Restrictive clauses as to use, if any (Whether building use certificate
from the corporation has been obtained etc.) |
The said building is a Residential Building |
|
|
|
|
Locational advantages/disadvantages: |
Advantage: Approx. 1 Km. distance from
Kandivali Railway Station. |
|
Classification of locality: High
Class/Middle Class/ Poor Class |
Disadvantage: Upper/Middle Class |
|
|
|
|
i)
Civic Amenities |
All civic amenities are nearby and within
easy reach. |
|
ii) Proximity to surface communication: |
Auto, Bus, Train, Taxi |
|
iii) Distance from City/Municipal Limits |
Within limits of BMC |
|
iv) Disadvantages, if any, to be specified |
As above |
|
|
|
|
Title to the property |
|
|
Whether freehold |
As per legal opinion |
|
|
|
|
What is the |
|
|
a) Yea of acquisition/purchase of land |
As per deed |
|
b) Value/purchase price paid |
As per deed |
|
c) Year of construction of superstructure/purchase of building |
Year 1976 (Age of the building 36 Years) |
|
d) Number of floors/storeys |
2nd Floor Flat, on G+4 Storied
Residential Building. |
|
e) Year of Completion |
Year 1976 (Age of the building 36 Years) |
|
f)
Additions/improvements
carried out if any state briefly nature of additions/improvements, total cost
thereof |
Not Known |
|
g) Rate and amount of depreciation |
1.5% p.a. or 5% flat in case total
depreciation is less than 5% |
|
h) Present written down value |
Not Known |
|
i)
Estimated future life |
24 Years |
|
|
|
|
Area of land to be supported by a map
showing shape, dimensions and physical features |
It’s a 2nd Floor Flat, Capet Area=
660 sq. ft. and built-up area = 73.60 Sqm. (792 Sq. Ft.) as per agreements
for sale |
|
|
|
|
Type/Class of construction |
A-Class |
|
|
|
|
Service items available (list of all the items
provided such as lifts, borewell, pump, water supply, sanitary disposal
systems, canteen stores, etc.) |
Services items like water, sanitary disposal
system, transportation etc. are available. |
|
|
|
|
Whether the property is residential flat/apartment,
if so, state |
Yes |
|
|
|
|
When the building was constructed? |
Year 1976 (Age of the building 36 years) |
|
|
|
|
Whether full consideration has been paid and
proper title documents obtained and produced for verification? |
Yes |
|
|
|
|
In which floor/storey, the flat is located? |
2nd Floor Flat on G+4 storied
building. |
|
|
|
|
Whether the property is self-occupied or
tenanted/out, if tenanted/let our:- |
Self-occupied |
|
|
|
|
Basis of present valuation |
|
|
Market Value |
Yes |
“Composite Value” method of valuation is
adopted for the property.
COMPOSITE: Property is located at 2nd Floor, Flat
No. 202, “A” Wing, Samruddhi Co-operative Housing Society Limited (Regn. No.
BOM/WR/HSG/TC/1541/1985 – 1986, dated 10.09.1985), Survey No. 1 A, 1 B, Hissa
No. 8 and 9, CTS No. 1074, 1076, 1076/1 and 2, Village Kandivali, Taluka
Borivali, M.G. Road, Kandivali (West), Mumbai-400067. It’s a 2nd
Floor Flat, Capet Area=660 Sq. Ft. and Built-up Area=73.60 Sqm. (792 Sq. Ft.)
as per agreements for sale.
Market based composite rate of Residential is
Rs.12000 – 14000/ Sq. Ft. of built-up area. In view of all above factors the
following rate represents the true intrinsic value of the location of the
property. The calculation of value is as under:
COMPOSITE:
|
Portion |
Area in Sq. Ft. |
Composite Rate in Rs./ Sq. Ft. |
Composite Value in Rs. In Millions |
|
2nd Floor Flat, Buit-Up Area |
792 |
13500 |
10.692 |
DEPRECIATION:
RCC framed structure with accommodation and
specifications as under:
|
2nd Floor Flat |
2 BR, 1 Dr. 1 K, 2 W/C |
|
Flooring/Amenities |
Marble, Kota and Tile |
CPWD Plinth area rates (2007 and cost index
149) on Sq. Ft. basis:
|
Portion |
Basic Rate |
Services |
Flooring |
Interiors |
Rate Adopted |
|
RCC Slab |
600 |
200 |
80 |
380 |
1134 |
Adopted rate has been averaged to reflect lower
cost of portions not having high specifications.
|
Portion |
Area in Sq. Ft. |
Age in Years |
Plinth Area Rate/ Sft. Rs |
Cost of Construction in Rs. In Millions
|
Depreciation in Rs. |
|
2nd Floor Flat, Built-Up Area |
792 |
36 |
1134 |
0.898 |
0.485 |
|
Depreciated Replacement Cost of Building = Rs. |
0.413 |
[Insurance Purpose] |
|||
|
Building Land Share = Rs. |
9.794 |
|
|||
|
Total: Composite Value – Depreciation A – B = Rs. |
10.207 |
|
|||
Say = Rs.10.207 Millions
|
Basis for adopted rates |
Location, size, depth and specifications of
property |
|
|
|
|
Whether the adopted rates are commensurate
with the rates adopted by the registrar’s office? In case of vide variation,
please specify reasons |
No. since value differs with purpose, the
rates adopted at registrar’s office are for the purpose of fixing the stamp
duty and do not reflect the fair market value. |
|
|
|
|
Whether the adopted rates have any
relationship with those adopted by the IT Department |
No. Again because the purpose of IT Dept. is
to fix Wealth Tax hence the difference. |
|
|
|
|
Whether the rates are based on prevalent
rates in the area. If so, the basis for accepting the same. |
Yes. By enquiry from local property dealers/
agents. |
|
|
|
|
Whether the building is insured, if so |
To be furnished by the owner |
|
a) For what value b) Against what risk c) Date of expiry of insurance |
|
|
|
|
|
In case the bank were to sell the property, what
would be the approximate realizable value (forced sale value) |
Approx. Rs. 8.165 Millions (20% Lower) |
|
|
|
|
Sources of information for arriving at the
forced sale value |
Local sources, agents/dealers and own
professional judgment. |
In their opinion the fair market value of the
property is assessed as Rs.10.207 Millions.
------------------------------------------------------------------------------------------------------------------------------
TECHNICAL DETAILS FOR THE
PREMISES
|
No. of Floors and height of each floor |
G+4 upper floor Height – 8.10’ ft. |
|
|
|
|
Location and Plinth Area |
It’s a 2nd Floor Flat, Capet
Area=660 Sq. Ft. and Built-up Area=73.60 Sqm. (792 Sq. Ft.) as per agreement
for sale. |
|
|
|
|
Year of Construction |
Year – 1976 Age of building – 36 Years |
|
|
|
|
Estimated Future Life |
24 Years (Subject to regular maintenance and repair of the building) |
|
|
|
|
Type of Construction |
RCC framed structure. |
|
|
|
|
Type of Foundation |
RCC Footing |
|
|
|
|
Walls |
|
|
External Walls |
9” thick brick masonry wall both side
plastered. |
|
|
|
|
Partitions |
4 ½” thick brick masonry wall both side
plastered |
|
|
|
|
Door and Windows [Floor-Wise] |
Hard-wood Door, Aluminum Frame Glass Door
Windows |
|
|
|
|
Flooring [Floor-Wise] |
Marble, Kota and Tile |
|
|
|
|
Finishing and Maintenance |
Average |
|
|
|
|
Roofing and Terracing |
RCC Slab Roof |
|
|
|
|
Special Architectural or Decorative Features
|
Normal |
|
|
|
|
Internal Wiring Surface or Conduit |
Concealed Wiring |
|
|
|
|
Class of Fitting Superior/Ordinary/Poor |
Ordinary |
|
|
|
|
Sanitary Installation |
Gents and Ladies Toilets |
|
|
|
|
Class of Fitting Superior Colored/Superior
White/Ordinary |
Ordinary |
|
|
|
|
Compound Wall |
Yes |
|
|
|
|
No. of Lift and Capacity |
No Lift |
|
|
|
|
Underground Sump |
Existing |
|
|
|
|
Capacity |
Sufficient as per requirement |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Overhead Tank |
Existing |
|
|
|
|
Where Located |
On Terrace |
|
|
|
|
Capacity |
Sufficient as per requirement |
|
|
|
|
Type of Construction |
RCC |
|
|
|
|
Pumps Nos. and their horsepower |
No Pumps |
|
|
|
|
Road and paving within the compound, approx.
area |
Yes |
|
|
|
|
Sewage disposal/whether connected to public
sewers. If septic tank provided n and capacity |
Connected to BMC sewer line |
|
|
|
|
Regards to Aesthetics and Environment |
Normal |
|
|
|
|
Safety Consideration Fires, Earthquakes, and
Tides |
Fire Fighting Equipment Not Provided |
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 records 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.62.73 |
|
|
1 |
Rs.100.92 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.