MIRA INFORM REPORT

 

 

Report Date :

05.12.2014

 

IDENTIFICATION DETAILS

 

Name :

NILKANTH COLD STORAGE

 

 

Registered Office :

Survey No. 821/1, At and PO Kadjodara, Dehgam-Bayad Road, Taluka Dehgam, Gandhinagar – 382315, Gujarat

 

 

Country :

India

 

 

Date of Establishment :

20.06.2014

 

 

Capital Investment :

Not Divulged

 

 

IEC No.:

Not Available

 

 

TIN No.:

Not Available

 

 

PAN No.:

[Permanent Account No.]

AALFN0717A

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Providing Cold Storage facilities. 

 

 

No. of Employees :

18 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

 

PROPOSED CREDIT LINE

-

NB

                                       New Business

-

 

 

Status :

New Concern

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new partnership concern incorporated as on June 2014 and establishing itself gradually.

 

Mr. Ashwin Patel, Partner provided all information and also confirmed that the concern has commenced its operation since its incorporation.

 

Trade relations are reported to be improving. Business is active. Payment terms are unknown.

 

The concern can be considered for business dealings on a fully safe and secured trade terms and conditions.  

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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

 

N E W S

 

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

 

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

 

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

 

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

 

DHL to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

 

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

 

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that it had willfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

 

OnMobile  likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

 

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 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Ashwinkumar Chimanbhai Patel

Designation :

Partner

Contact No.:

91-9879585845

Date :

01.12.2014

 

 

LOCATIONS

 

Registered Office :

Survey No. 821/1, At and PO Kadjodara, Dehgam-Bayad Road, Taluka Dehgam, Gandhinagar – 382315, Gujarat, India

Tel. No.:

Not Available

Mobile No.:

91-9879585845 [Mr. Ashwinkumar Chimanbhai Patel]

Fax No.:

Not Available

E-Mail :

nilkanthcoldstorage13@gmail.com

 

 

PARTNERS

 

Name :

Mr. Anilkumar Khodabhai Patel

Designation :

Partner

Address :

88, Bhojna Muvada, Ta. Kapadvanj, District Kheda - 387620, Gujarat, India

Date of Birth/Age :

20.12.1977

Qualification :

BA

PAN No.:

ARHPP5918L

Voter ID :

GJ/16/125/009568

 

 

Name :

Mr. Nimeshkumar Jayeshbhai Patel

Designation :

Partner

Address :

Bhojna Muvada, Ta. Kapadvanj, District Kheda - 387620, Gujarat, India

Date of Birth/Age :

01.07.1987

Qualification :

Graduate

PAN No.:

BLTPP2149E

 

 

Name :

Mr. Sailesh Babarbhai Patel

Designation :

Partner

Address :

Bhudasan, Ta. Bayad, District Arvalli, Gujarat, India 

Date of Birth/Age :

30.10.1979

Qualification :

Graduate

PAN No.:

ASGPP2549B

 

 

Name :

Mr. Ashwin Chimanbhai Patel

Designation :

Partner

Address :

Bhojanamuvada, Ta. Kapadvanj, District Kheda, Gujarat, India

Date of Birth/Age :

15.07.1980

Qualification :

Graduate

PAN No.:

AOVPP5656E

Voter ID :

DZK1212877

 

 

Name :

Mr. Kanubhai Bababhai Patel

Designation :

Partner

Address :

317, Patel Vas, Nandol - 1, Ta. Dehgam, District Kheda - 387620, Gujarat, India

Date of Birth/Age :

01.06.1952

Qualification :

Graduate

PAN No.:

ADMPP2847H

Voter ID :

GJ/16/066/183633

 

 

Name :

Mr. Babarbhai Dahyabhai Patel

Designation :

Partner

Address :

4, Village Machhang Moti, Ta. Dehgam – 387620, Gujarat, India

Date of Birth/Age :

01.06.1956

Qualification :

Graduate

PAN No.:

ACNPP2959A

Voter ID :

GJ/16/066/087296

 

 

Name :

Mr. Manojbhai Vardhabhai Patel

Designation :

Partner

Address :

55, Palaiya, Ta. Dehgam, District Gandhinagar, Gujarat, India

Date of Birth/Age :

12.11.1971

Qualification :

Graduate

PAN No.:

APCPP2198B

Voter ID :

GJ/16/066/255077

 

 

Name :

Mr. Ravjibhai Nathabhai Patel

Designation :

Partner

Address :

97-1, Piplaj, Ta. Dehgam, District Gandhinagar - 380001, Gujarat, India

Date of Birth/Age :

09.09.1950

Qualification :

HSC

PAN No.:

AOHPP6340M

Voter ID :

GJ/16/066/150753

 

 

Name :

Mr. Arvindbhai Ravjibhai Patel

Designation :

Partner

Address :

19, Palaiya, Ta. Dehgam, District Gandhinagar - 380001, Gujarat, India

Date of Birth/Age :

01.06.1972

Qualification :

Graduate

PAN No.:

CREPP1344R

Voter ID :

GJ/16/066/255609

 

 

Name :

Mr. Bhikhabhai Punjabhai Patel

Designation :

Partner

Address :

2/52, Lihoda, Ta. Dehgam, District Gandhinagar - 380001, Gujarat, India

Date of Birth/Age :

02.06.1957

Qualification :

HSC

PAN No.:

AGEPP1649N

Voter ID :

GJ/16/066/207434

 

 

Name :

Mr. Mahendra Dahyabhai Patel

Designation :

Partner

Address :

1-6, Patelvas, Lihoda - 2, Lihoda, Ta. Dehgam, District Gandhinagar - 382315, Gujarat, India

Date of Birth/Age :

15.04.1972

Qualification :

B. Com

PAN No.:

AHNPP6249C

Voter ID :

GJ/16/066/207047

 

 

Name :

Mr. Ramabhai Shankarbhai Patel

Designation :

Partner

Address :

338, Sultanpura, Shihora, Ta. Kapadvanj, District Kheda - 387650, Gujarat, India

Date of Birth/Age :

07.01.1971

Qualification :

Graduate

PAN No.:

ATCPP9333L

Voter ID :

TXJ1019900

 

 

Name :

Mrs. Mita Sanjaykumar Patel

Designation :

Partner

Address :

D-41, Gokuldham Society, Kathvada Road, Opposite Aiyappa Mandir, Naroda, Ahmedabad - 380001, Gujarat, India

Date of Birth/Age :

23.05.1974

Qualification :

B. Com

PAN No.:

CQPPP4296Q

Voter ID :

MCS7652787

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Cold Storage facilities. 

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Bank

 

 

Purchasing :

Cash and Bank

 

 

PRODUCTION STATUS

 

TYPE OF SERVICE TO BE RENDERED

CAPACITY PER ANNUM

Cold Storage Services

5000 Tonne / M. Tonne

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Ganesh Marketing 

Name of the Person (Designation):

Mr. Janakbhai [Proprietor]

Contact Number:

91-9879878736

Since how long known:

July 2014

Experience:

--

Maximum limit dealt:

--

Remark

It’s a Good Company, no issues.

 

Reference:

N K Bricks

Name of the Person (Designation):

Mr. Ashokbhai [Proprietor]

Contact Number:

91-9824058344

Since how long known:

September 2014

Experience:

--

Maximum limit dealt:

--

Remark

Company is very good. They are satisfied with the company.

 

·         Cooline Mfrs Private Limited

GIDC Vatva, Gujarat, India

Thermocol Manufacturer

 

·         R.R. Enterprise

Aravalli District, Gujarat, India

 

·         Vinayak TMT Bars Private Limited

At.: Sampa, Ta. Dehgam, Gandhinagar, Gujarat, India

 

·         Volant Steel Private Limited

Station Road, Sabarkantha, Talod, Gujarat, India

 

·         Shivam Stone Industries

Aravalli District, Gujarat, India

 

·         Shrushi Polymers Private Limited

S-3, Aakar Complex, Darpan Circle, Panch Rasta, Navjeevan, Narayanpura, Ahmedabad - 380014, Gujarat, India

 

·         Shree Raj Traders

Dehgam, Gandhinagar, Gujarat, India

 

·         C. Gordhandas and Company

507/2, Outside Panchkuva Gate, Ahmedabad – 380002, Gujarat, India

 

·         Ambuja Cement Limited

Ambuja Nagar, Taluka Kodinar, District Junagadh - 362715, Gujarat, India 

 

·         Swastik Tar Industries

Plot No 187, GIDC Industrial Estate, Nandesari Industrial Estate, Vadodara – 391340, Gujarat, India

 

·         Kalp Marketing

1/B, Avadh Apartment, 64 Pritam Nagar Society, Behind Gujarat College, Ellisbridge, Ahmedabad - 380006, Gujarat, India

 

·         Alfa Laval (India) Limited 

Mumbai Pune Road, Dapodi, Pune - 411012, Maharashtra, India

 

 

Customers :

Reference:

Not Applicable

Name of the Person (Designation):

Not Applicable

Contact Number:

Not Applicable

Since how long known:

Not Applicable

Experience:

Not Applicable

Maximum limit dealt:

Not Applicable

 

 

No. of Employees :

18 (Approximately)

 

 

Bankers :

Bank Name:

Bank of India

Branch:

Laxmi Nivas, Meena Bazar, Natraj Cinema Kapadwanj, District Kheda - 387620, Gujarat, India

Person Name (with Designation):

Mr. Rajnish Chopda [Manager]

Contact Number:

91-7359961021

Name of Account Holder:

Nilkanth Cold Storage

Account Number:

206120110000123

Account Since (Date/ Year of A/c Opening):

09.06.2014

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Nil

Account Operation:

Satisfactory

Remarks: Subject is having satisfactory track record for Banking transaction.

 

 

Facilities :

--

 

 

 

Auditors :

 

Name :

V L Shah and Associates

Chartered Accountants 

Address :

Naroda, Ahmedabad, Gujarat, India

Tel. No.:

91-9824946000

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

NEW BUSINESS

 

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 


 

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

No

12]

Profitability for last three years

No

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

Yes

15]

Capital in the business

No

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

No

25]

Conduct of the banking account

Yes

26]

Buyer visit details

--

27]

Financials, if provided

No

28]

Incorporation details, if applicable

No

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

No

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

Yes

34]

External Agency Rating, if available

No

 

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

 

COST OF PROJECT

 

(RS. IN MILLIONS)

 

PARTICULARS

 

EXISTING

PROPOSED

TOTAL

 

 

 

 

Land and Site Development

--

1.050

1.050

 

 

 

 

Buildings

--

34.843

34.843

 

 

 

 

Plant and Machineries

--

11.779

11.779

 

 

 

 

Electrification

--

0.000

0.000

 

 

 

 

Franchise Deposits / Non CA

--

0.000

0.000

 

 

 

 

Preliminary and Pre-Operative Expenses

--

1.000

1.000

 

 

 

 

TOTAL

 

 

48.672

48.672

 

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

 

MEANS OF FINANCE

 

(RS. IN MILLIONS)

 

PARTICULARS

 

EXISTING

PROPOSED

TOTAL

 

 

 

 

Equity Share Capital

--

14.172

14.172

 

 

 

 

Equity Share Premium

--

0.000

0.000

 

 

 

 

Other Type Share Capital

--

0.000

0.000

 

 

 

 

Cash Subsidy

--

20.000

20.000

 

 

 

 

Long / Medium term Borrowings

--

14.500

14.500

 

 

 

 

Debentures / Bonds

--

0.000

0.000

 

 

 

 

TOTAL

 

 

48.672

48.672

 

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

 

CALCULATION OF DEBT SERVICE COVERAGE RATIO

 

(RS. IN MILLIONS)

 

PARTICULARS

 

2015-16

2016-17

2017-18

2018-19

2019-20

 

PROJECTION

 

 

 

 

 

 

FUNDS AVAILABLE TO SERVICE DEBTS 

 

 

 

 

 

Net Profit after Taxes

2.188

3.007

3.749

4.423

5.037

 

 

 

 

 

 

Depreciation Charges

5.358

4.733

4.184

3.700

3.275

 

 

 

 

 

 

Interest on Long/ Medium Term

1.559

1.336

1.113

0.891

0.668

 

 

 

 

 

 

Lease Rentals and Charges

--

--

--

--

--

 

 

 

 

 

 

TOTAL

9.105

9.076

9.046

9.014

8.980

 

 

 

 

 

 

DEBT SERVICE OBLIGATIONS

 

 

 

 

 

Repayment of Long/ Medium Term

2.071

2.071

2.071

2.071

2.071

 

 

 

 

 

 

Interest on Long/ Medium Term

1.559

1.336

1.113

0.891

0.668

 

 

 

 

 

 

Lease rentals and Charges

--

--

--

--

--

 

 

 

 

 

 

TOTAL

3.630

3.407

3.184

2.962

2.739

 

 

 

 

 

 

D.S.C.R. [Individual]

2.51

2.66

2.84

3.04

3.28

 

 

 

 

 

 

D.S.C.R. [Cumulative]

2.51

2.58

2.66

2.75

2.84

 

 

 

 

 

 

D.S.C.R. [Overall]

3.04

 

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

 


STATEMENT SHOWING PROFITABILITY AND NET CASH ACCRUALS

 

(RS. IN MILLIONS)

 

PARTICULARS

 

2015-16

2016-17

2017-18

2018-19

2019-20

 

PROJECTION

 

 

 

 

 

 

Revenue/ Income/ Realisation

 

 

 

 

 

Gross Rental Income

12.750

12.750

12.750

12.750

12.750

 

 

 

 

 

 

Less: Excise Duties / Levies

--

--

--

--

--

 

 

 

 

 

 

Net Rental Income

12.750

12.750

12.750

12.750

12.750

 

 

 

 

 

 

Interest from Farmers

2.700

2.700

2.700

2.700

2.700

 

 

 

 

 

 

Total Revenue/ Income/ Realisation

15.450

15.450

15.450

15.450

15.450

 

 

 

 

 

 

Expenses/ Cost of Products/ Services/ Items

 

 

 

 

 

Employees Expenses

1.510

1.526

1.542

1.559

1.577

 

 

 

 

 

 

Power/ Electricity Expenses

1.800

1.800

1.800

1.800

1.800

 

 

 

 

 

 

Depreciation

5.358

4.733

4.184

3.700

3.275

 

 

 

 

 

 

Repairs and Maintenance Expenses

0.030

0.033

0.036

0.040

0.044

 

 

 

 

 

 

Cost of Output of Goods sold

8.698

8.092

7.562

7.099

6.696

 

 

 

 

 

 

Gross Profit

6.752

7.358

7.888

8.351

8.754

 

 

 

 

 

 

Administration Expenses

0.205

0.215

0.226

0.237

0.249

 

 

 

 

 

 

Financial Charges

 

 

 

 

 

Long/ Medium Term Borrowing

1.559

1.336

1.113

0.891

0.668

 

 

 

 

 

 

On Working Capital Borrowings

2.700

2.700

2.700

2.700

2.700

 

 

 

 

 

 

Others [C.C.]

0.100

0.100

0.100

0.100

0.100

 

 

 

 

 

 

Total Financial Charges

4.359

4.136

3.913

3.691

3.468

 

 

 

 

 

 

Total Cost of Sales

13.262

12.443

11.701

11.027

10.413

 

 

 

 

 

 

Net Profit before Taxes

2.188

3.007

3.749

4.423

5.037

 

 

 

 

 

 

Tax on Profit

--

--

--

--

--

 

 

 

 

 

 

Net Profit after Taxes

2.188

3.007

3.749

4.423

5.037

 

 

 

 

 

 

Depreciation added back

5.358

4.733

4.184

3.700

3.275

 

 

 

 

 

 

Net Cash Accruals

7.546

7.740

7.933

8.123

8.312

 

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

 

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

 

(RS. IN MILLIONS)

 

PARTICULARS

 

2015-16

2016-17

2017-18

2018-19

2019-20

 

PROJECTION

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

Stocks on Hand

--

--

--

--

--

 

 

 

 

 

 

Cash / Bank Balances

5.475

11.144

17.006

23.058

29.299

 

 

 

 

 

 

Other Current Assets

--

--

--

--

--

 

 

 

 

 

 

Pledge loan to Farmers

32.000

32.000

32.000

32.000

32.000

 

 

 

 

 

 

Gross Working Capital

37.475

43.144

49.006

55.058

61.299

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

Sundry Creditors 

--

--

--

--

--

 

 

 

 

 

 

Other Current Liabilities

--

--

--

--

--

 

 

 

 

 

 

Installments due within next 12 months on Long/ Medium term borrowings

2.071

2.071

2.071

2.071

2.071

 

 

 

 

 

 

Total Current Liabilities

2.071

2.071

2.071

2.071

2.071

 

 

 

 

 

 

Net Working Capital

35.404

41.073

46.935

52.987

59.228

 

 

 

 

 

 

M.P.B.F. – Method I

28.106

32.358

36.755

41.294

45.974

 

 

 

 

 

 

As per Tandon Com. Norm – Method II

28.106

32.358

36.755

41.294

45.974

 

 

 

 

 

 

Permissible Finance – D.P. [%]

--

--

--

--

--

 

 

 

 

 

 

Total Bank Finance [DP Method]

--

--

--

--

--

 

 

 

 

 

 

Bank Finance [As given amount]

32.000

32.000

32.000

32.000

32.000

 

 

 

 

 

 

Margin Money [At Commencement]

--

--

--

--

--

 

 

 

 

 

 

Margin Money [Including Cash / Bank Balance]

5.475

11.144

17.006

23.058

29.299

 

 

 

 

 

 

Margin Money – Net Working Capital

1.461

2.583

3.470

4.188

4.780

 

 

 

 

 

 

Current Ratio [No. of Times]

1.10

1.27

1.44

1.62

1.80

 

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

 

STATEMENT SHOWING SOURCES AND DISPOSITION OF FUNDS

 

(RS. IN MILLIONS)

 

PARTICULARS

 

Constr. Period

2015-16

2016-17

2017-18

2018-19

2019-20

 

 

PROJECTION

SOURCES OF FUNDS

 

 

 

 

 

 

Net Profit before Tax with Interest Charges added back but after Depreciation Provision

--

6.547

7.143

7.662

8.114

8.505

 

 

 

 

 

 

 

Partners’ Capital

14.172

--

--

--

--

--

 

 

 

 

 

 

 

Depreciation

--

5.358

4.733

4.184

3.700

3.275

 

 

 

 

 

 

 

Cash Subsidy

20.000

--

--

--

--

--

 

 

 

 

 

 

 

Increase in Long/ Medium Term proposed – Bank Term Loan

14.500

--

--

--

--

--

 

 

 

 

 

 

 

Increase in Bank Borrowing for Working Capital 

--

32.000

--

--

--

--

 

 

 

 

 

 

 

Total Sources of Funds

48.672

43.905

11.876

11.846

11.814

11.780

 

 

 

 

 

 

 

DISPOSITION OF FUNDS

 

 

 

 

 

 

P and P Expenses

1.000

--

--

--

--

--

 

 

 

 

 

 

 

Increase in Capital Expenses

47.672

--

--

--

--

--

 

 

 

 

 

 

 

Increase in Current Assets

--

32.000

--

--

--

--

 

 

 

 

 

 

 

Decrease in Long/ Medium Term proposed – Bank Term Loan

--

2.071

2.071

2.071

2.071

2.071

 

 

 

 

 

 

 

Interest / Financial Expenses

--

4.359

4.136

3.913

3.691

3.468

 

 

 

 

 

 

 

Total Disposition

48.672

38.430

6.207

5.984

5.762

5.539

 

 

 

 

 

 

 

Opening Balance

--

5.475

11.144

17.006

23.058

29.299

 

 

 

 

 

 

 

Net Surplus / Deficit

--

5.475

5.669

5.862

6.052

6.241

 

 

 

 

 

 

 

Closing Balance

--

5.475

11.144

17.006

23.058

29.299

 

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

 

STATEMENT SHOWING PROJECTED BALANCE SHEETS [SUMMARISED]

 

(RS. IN MILLIONS)

 

PARTICULARS

 

2015-16

2016-17

2017-18

2018-19

2019-20

 

PROJECTION

 

 

 

 

 

 

Capital at the Beginning

--

16.360

19.367

23.116

27.539

 

 

 

 

 

 

Add: Net Profit after Taxes

2.188

3.007

3.749

4.423

5.037

 

 

 

 

 

 

Add: Additions to Capital

14.172

--

--

--

--

 

 

 

 

 

 

Capital at the end of the year

16.360

19.367

23.116

27.539

32.576

 

 

 

 

 

 

Cash Subsidy

20.000

20.000

20.000

20.000

20.000

 

 

 

 

 

 

Long/ Medium Term Borrowings Proposed – Bank Term Loan

12.429

10.358

8.287

6.216

4.145

 

 

 

 

 

 

Unsecured Loans / Deposits Bank Borrowings for Working Capital

32.000

32.000

32.000

32.000

32.000

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

Sundry Creditors

--

--

--

--

--

 

 

 

 

 

 

Other Current Liabilities

--

--

--

--

--

 

 

 

 

 

 

Total Current Liabilities

--

--

--

--

--

 

 

 

 

 

 

TOTAL OF LIABILITIES

80.789

81.725

83.403

85.755

88.721

 

 

 

 

 

 

ASSETS

 

 

 

 

 

Fixed Assets

 

 

 

 

 

Gross Block

48.672

48.672

48.672

48.672

48.672

 

 

 

 

 

 

Less: Depreciation to date

5.358

10.091

14.275

17.975

21.250

 

 

 

 

 

 

Net Block

43.314

38.581

34.397

30.697

27.422

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

Stocks on Hand

--

--

--

--

--

 

 

 

 

 

 

Receivables

--

--

--

--

--

 

 

 

 

 

 

Cash and Bank Balances

5.475

11.144

17.006

23.058

29.299

 

 

 

 

 

 

Other Current Assets

32.000

32.000

32.000

32.000

32.000

 

 

 

 

 

 

Total Current Assets

37.475

43.144

49.006

55.058

61.299

 

 

 

 

 

 

TOTAL OF ASSETS

80.789

81.725

83.403

85.755

88.721

 

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

 

FINANCIAL RATIOS

 

(RS. IN MILLIONS)

 

PARTICULARS

 

2015-16

2016-17

2017-18

2018-19

2019-20

 

PROJECTION

 

 

 

 

 

 

PROFIT PERCENTAGES TO NET SALES

 

 

 

 

 

 

 

 

 

 

 

Gross Profit

6.752

7.358

7.888

8.351

8.754

 

 

 

 

 

 

% of Gross Profit to Net Sales

52.96

57.71

61.87

65.50

68.66

 

 

 

 

 

 

P.B.D.I.T.

11.905

11.876

11.846

11.814

11.780

 

 

 

 

 

 

% of P.B.D.I.T. to Net Sales

93.37

93.15

92.91

92.66

92.39

 

 

 

 

 

 

Net Profit before Taxes

2.188

3.007

3.749

4.423

5.037

 

 

 

 

 

 

% of N.P.B.T. to Net Sales

17.16

23.58

29.40

34.69

39.51

 

 

 

 

 

 

Net Profit after Taxes

2.188

3.007

3.749

4.423

5.037

 

 

 

 

 

 

% of N.P.A.T. to Net Sales

17.16

23.58

29.40

34.69

39.51

 

 

 

 

 

 

Net Cash Accruals

7.546

7.740

7.933

8.123

8.312

 

 

 

 

 

 

% of Cash Accruals to Net Sales

59.18

60.71

62.22

63.71

65.19

 

 

 

 

 

 

 

INDEBTEDNESS RATIOS

 

Debt / Equity [Non Quasi]

0.34

0.26

0.19

0.13

0.08

 

 

 

 

 

 

Debt / Equity [Quasi]

0.34

0.26

0.19

0.13

0.08

 

 

 

 

 

 

TOL / TNW [Non Quasi]

1.22

1.08

0.93

0.80

0.69

 

 

 

 

 

 

TOL / TNW [Quasi]

1.22

1.08

0.93

0.80

0.69

 

 

 

 

 

 

Assets Turnover Ratio

0.16

0.16

0.15

0.15

0.14

 

 

 

 

 

 

Interest Coverage [PBDIT / Int.]

2.73

2.87

3.03

3.20

3.40

 

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

 

BREAK EVEN ANALYSIS

 

(RS. IN MILLIONS)

 

PARTICULARS

 

2015-16

2016-17

2017-18

2018-19

2019-20

 

PROJECTION

 

 

 

 

 

 

Total Value of Output / Services

12.750

12.750

12.750

12.750

12.750

 

 

 

 

 

 

Other Operating Income

--

--

--

--

--

 

 

 

 

 

 

Total Operating Income

12.750

12.750

12.750

12.750

12.750

 

 

 

 

 

 

Variable Cost of Output / Services

 

 

 

 

 

Main Material Cost

--

--

--

--

--

 

 

 

 

 

 

Other Material Cost

--

--

--

--

--

 

 

 

 

 

 

Labour Expenses

--

--

--

--

--

 

 

 

 

 

 

Interest on Working Capital

2.700

2.700

2.700

2.700

2.700

 

 

 

 

 

 

Sales Commission/ Variable Expenses

--

--

--

--

--

 

 

 

 

 

 

Less: W.I.P. Adjustments

--

--

--

--

--

 

 

 

 

 

 

Total Variable Cost

2.700

2.700

2.700

2.700

2.700

 

 

 

 

 

 

Total Contribution

10.050

10.050

10.050

10.050

10.050

 

 

 

 

 

 

Profit Volume Ratio [%]

78.82

78.82

78.82

78.82

78.82

 

 

 

 

 

 

Semi Fixed / Semi Variable Expenses

 

 

 

 

 

Semi Fixed Expenses [Fixed]

 

 

 

 

 

Employee Expenses

1.510

1.510

1.510

1.510

1.510

 

 

 

 

 

 

Power / Electricity Expenses

1.800

1.800

1.800

1.800

1.800

 

 

 

 

 

 

Repairs and Maintenance Expenses

0.030

0.030

0.030

0.030

0.030

 

 

 

 

 

 

Administration and Selling Expenses

0.205

0.205

0.205

0.205

0.205

 

 

 

 

 

 

Depreciation Charges

5.358

4.733

4.184

3.700

3.275

 

 

 

 

 

 

Deferred Expenses w/off

--

--

--

--

--

 

 

 

 

 

 

Interest Charges

1.659

1.436

1.213

0.991

0.768

 

 

 

 

 

 

Less; Interest from Farmers

2.700

2.700

2.700

2.700

2.700

 

 

 

 

 

 

Total Net Fixed Expenses

7.862

7.014

6.242

5.536

4.888

 

 

 

 

 

 

Total Net Cash Fixed Expenses

2.504

2.281

2.058

1.836

1.613

 

 

 

 

 

 

Semi Fixed Expenses [Semi - Fixed]

 

 

 

 

 

Employee Expenses

--

0.016

0.032

0.049

0.067

 

 

 

 

 

 

Repairs and Maintenance Expenses

--

0.003

0.006

0.010

0.014

 

 

 

 

 

 

Administration and Selling Expenses

--

0.010

0.021

0.032

0.044

 

 

 

 

 

 

Total Semi Fixed Expenses

--

0.029

0.059

0.091

0.125

 

 

 

 

 

 

Semi Fixed Expenses [Variable]

--

--

--

--

--

 

 

 

 

 

 

Total Semi Fixed Expenses

--

--

--

--

--

 

 

 

 

 

 

Total Expenses

7.862

7.043

6.301

5.627

5.013

 

 

 

 

 

 

Total Cash Expenses

2.504

2.310

2.117

1.927

1.738

 

 

 

 

 

 

Cash Break Even Sales

3.176

2.930

2.685

2.444

2.204

 

 

 

 

 

 

Cash Margin of Safety

9.573

9.819

10.064

10.305

10.545

 

 

 

 

 

 

Break Even Sales

9.974

8.935

7.993

7.138

6.359

 

 

 

 

 

 

Margin of Safety

2.775

3.814

4.756

5.611

6.390

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. BABARBHAI DAHYABHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB / CD A/c No.

UCO Bank

Gandhinagar

SB – 7191

 

 

 

Bank of India – Ukardina Muvada

--

282510110003303

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

--

--

--

--

--

--

ii. Residential House

Owned

--

Free

Machhang Moti

2.289

--

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Masang Nani-Dehgam

Joint 10 Owners

25206

Free

Khata No.128

2.500

--

Masang Moti-Dehgam

Joint 2 Owners

17629

Free

Khata No.128

0.800

--

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

5.589

 

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Vimlaben B. Patel

Housewife

Wife

60

Married

Machhang Moti

 

 

 

 

 

 

Jayesh B. Patel

--

Son

31

Married

Machhang Moti

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. RAVJIBHAI NATHABHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB / CD A/C No.

Central Bank of India

Pimpalaj

3321746690

 

 

 

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

--

--

--

--

--

--

ii. Residential House

Own

--

Free

Piplaj

0.500

--

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Pimpalaj-Dehgam

Joint – 15 Owner

35080

Free

Khata No. 61

0.200

--

Pimpalaj-Dehgam

Joint – 11 Owner

31275

Free

Khata No. 313

0.200

--

Pimpalaj-Dehgam

Own

38252

Free

Khata No. 314

3.200

No

Pimpalaj-Dehgam

Joint – 4 Owner

51134

Free

Khata No. 315

0.800

--

 

 

 

 

 

 

 

Other Assets

--

8285

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

4.900

 

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Chanchalben R. Patel

Housewife

Wife

60

Married

Piplaj

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. BHIKHABHAI PUNJABHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB / CD A/C No.

Axis Bank

Ahmedabad

449010100139809

 

 

 

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

--

--

--

--

--

--

ii. Residential House

Own

--

Free

Lihoda

0.500

--

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Lihoda - Dehgam

Joint – 12 Owner

44819

Free

Khata No. 233

0.400

--

Lihoda - Dehgam

Joint – 12 Owner

34601

Free

Khata No. 233

0.300

--

Sampa - Dehgam

Joint – 3 Owner

17362

Free

Khata No. 795

1.000

Yes - Dena

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

2.200

 

 

 

TOTAL BORROWINGS

 

AS BORROWER

 

Name of Bank

 

Purpose of Loan

Re-PMT

Loan Amount

Asset

Outstanding

Dena Bank – Lihoda

KCC

Annually

0.800

Land

0.800

 

 

 

 

 

 

TOTAL

 

0.800

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Chetan B. Patel

--

Son

18

Married

Lihoda

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. SAILESH BABARBHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB / CD A/C No.

Bank of India

Kevadia

282610110000447

 

 

 

Bank of India

U. Mahadev

207110110000483

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

Joint – 3 Owner

24584

Free

Khata No. 3715/ Kapadwanj

5.000

No

ii. Residential House

--

--

--

--

--

--

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Bhudasan - Bayad

Own

4957

Free

Khata No. 614

0.400

No

Bhudasan - Bayad

Joint – 3 Owner

3119

Free

Khata No. 564

0.100

No

Sultanpur – Bayad

Joint – 5 Owner

5868

Free

Khata No. 89

0.075

Yes – Bank of India

Antoli - Dehgam

Own

1947

Free

Khata No. 235

0.200

No

Antoli - Dehgam

Joint – 2 Owner

1726

Free

Khata No. 224

0.200

Yes – Bank of India

Antoli - Dehgam

Joint – 2 Owner

8970

Free

Khata No. 1130

0.200

Yes – Bank of India

Kapadwanj

Joint – 3 Owner

9662

Free

Khata No. 3716

0.400

Yes – Bank of India

Kapadwanj

Joint – 3 Owner

8195

Free

Khata No. 368

0.400

Yes – Bank of India

Kapadwanj

Joint – 3 Owner

15368

Free

Khata No. 367

0.600

Yes – Bank of India

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

7.575

 

 

 

TOTAL BORROWINGS

 

AS BORROWER

 

Name of Bank

 

Purpose of Loan

Re-PMT

Loan Amount

Asset

Outstanding

Bank of India - Kevadiya

KCC

Annually

0.075

Land

0.075

 

 

 

 

 

 

Bank of India - Kevadiya

KCC

Annually

0.150

Land

0.150

 

 

 

 

 

 

Bank of India - Kevadiya

KCC / TL

Annually

0.950

Land

0.950

 

 

 

 

 

 

Total

 

 

 

 

 

1.175

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Sangitaben S. Patel

Housewife

Wife

31

Married

Bayad

 

 

 

 

 

 

Tirthkumar S. Patel

Study 

Son

5

Unmarried

Bayad

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. NIMESHKUMAR JAYESHBHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB / CD A/C No.

Present Outstanding

Bank of India

U. Muvada

282510110003304

0.004

 

 

 

 

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

--

--

--

--

--

--

ii. Residential House

Own – 2 Owner

 

Free

B-77, Vruj Resi. Naroda

1.400

Yes – HDFC

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Bhudasan - Bayad

Owned

11519

Free

Khata No. 241

0.800

Yes – State Bank of India

Bhudasan - Bayad

Joint – 2 Owner

11938

Free

Khata No. 235

0.400

Yes – State Bank of India

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

2.600

 

 

 

TOTAL BORROWINGS

 

AS BORROWER

 

Name of Bank

 

Purpose of Loan

Re-PMT

Loan Amount

Asset

Outstanding

State Bank of India – Nirmali

KCC

Annually

0.300

Land

0.300

 

 

 

 

 

 

HDFC – Rs. 3.000 Millions – 2 Owners

Housing Loan

Monthly

3.000

House

1.500

 

 

 

 

 

 

TOTAL

 

1.800

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Jimitkumar N. Patel

Study

Son

6

Unmarried

Kapadwanj

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. ARVINDBHAI RAVJIBHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

Dena Bank

Dehgam

 

 

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

Own

--

Free

Palaiya

0.300

--

ii. Residential House

Own

--

Free

Palaiya

1.083

--

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Palaiya – Dehgam

Joint – 10 Owner

11432

Free

Khata No. 264

0.200

No

Palaiya – Dehgam

Joint – 3 Owner

6171

Free

Khata No. 267

0.300

No

Palaiya – Dehgam

Joint – 18 Owner

17402

Free

Khata No. 212

0.100

No

Dehgam

Joint – 10 Owner

8094

Free

Khata No. 35

0.300

Yes – Dena Bank

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

2.283

 

 

 

TOTAL BORROWINGS

 

AS BORROWER

 

Name of Bank

 

Purpose of Loan

Re-PMT

Loan Amount

Asset

Outstanding

Dena Bank – Dehgam

KCC

Annually

0.500

Land

0.500

 

 

 

 

 

 

TOTAL

 

0.500

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Revaben A. Patel

Housewife

Mother

62

Married

Palaiya

 

 

 

 

 

 

Minaben A. Patel

Wife

Wife

39

Married

Palaiya

 

 

 

 

 

 

Akash A. Patel

Study 

Son

20

Unmarried

Palaiya

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. ANILKUMAR KHODABHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB/ CD A/c No.

Present Outstanding

Bank of India

Kapadwanj

206110110003179

0.009

 

 

 

 

State Bank of India

Nirmali

10804802225

--

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

--

--

--

--

--

--

ii. Residential House

--

--

--

--

--

--

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Mahamadpura-Kapadwanj

Joint – 4 Owner

0-91-05

Free

Khata No. 262

0.400

No

Kapadwanj

Joint – 6 Owner

0-95-10

Free

Khata No. 1186

0.400

--

Kapadwanj

Joint – 6 Owner

1-50-75

Free

Khata No. 45

0.800

Yes – State Bank of India

Kapadwanj

Joint – 2 Owner

0-84-31

Free

Khata No. 3815

0.400

Yes – Bank of India

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

2.000

 

 

 

TOTAL BORROWINGS

 

AS BORROWER

 

Name of Bank

 

Purpose of Loan

Re-PMT

Loan Amount

Asset

Outstanding

State Bank of India – Nirmali

KCC

Annually

0.340

Land

0.340

 

 

 

 

 

 

Bank of India – Kapadwanj

KCC

Annually

0.150

Land

0.155

 

 

 

 

 

 

TOTAL

 

0.495

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Minaxiben A. Patel

Housewife

Wife

34

Married

Kapadwanj

 

 

 

 

 

 

Mitkumar A. Patel

Study

Son

11

Unmarried

Kapadwanj

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. RAMABHAI SHANKARBHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB/ CD A/c No.

Bank of India

Kevadiya

282610110001212

 

 

 

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

--

--

--

--

--

--

ii. Residential House

Own

--

Free

Sihora

0.500

-

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Sihor - Kapadwanj

Own

8701

Free

Khata No. 205

0.400

Yes – State Bank of India

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

0.900

 

 

 

TOTAL BORROWINGS

 

AS BORROWER

 

Name of Bank

 

Purpose of Loan

Re-PMT

Loan Amount

Asset

Outstanding

State Bank of India – Nirmali

KCC

Annually

0.300

Land

0.300

 

 

 

 

 

 

TOTAL

 

0.300

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Nayanaben Ramabhai Patel

Housewife

Wife

37

Married

Kapadwanj

 

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

 


STATEMENT OF ASSETS AND LIABILITIES

 

MRS. MITA SANJAYKUMAR PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB/ CD A/c No.

Dena Bank

Dehgam

32810035700

 

 

 

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

--

--

--

--

--

--

ii. Residential House

--

--

--

--

--

--

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Ambaliyara – Bayad

Own

14062

Free

Khata No. 570

2.000

Yes – Dena Bank

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

2.000

 

 

 

TOTAL BORROWINGS

 

AS BORROWER

 

Name of Bank

 

Purpose of Loan

Re-PMT

Loan Amount

Asset

Outstanding

Dena Bank – Dehgam

KCC

Annually

0.800

Land

0.800

 

 

 

 

 

 

TOTAL

 

0.800

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. MAHENDRA DAHYABHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB/ CD A/c No.

AMC – Dehgam

Dehgam

SB - 6758

 

 

 

State Bank of India

Nirmali

10804802225

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

--

--

--

--

--

--

ii. Residential House

Own

--

Free

Lihoda – Dehgam

1.650

--

 

 

 

 

 

 

 

Agri. Land

--

--

--

--

--

--

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

1.650

 

 

CAPITAL INVESTED IN BUSINESS

 

Name of Company / Firm

 

Address

Jaldeep Engineering

Dehgam

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Ramilaben R. Patel

Housewife

Wife

39

Married

Lihoda

 

 

 

 

 

 

Darshan M. Patel

Study

Son

10

Unmarried

Lihoda

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. ASHWIN CHIMANBHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB/ CD A/c No.

Bank of India

Kapadwanj

206110110001533

 

 

 

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

Owned

145 Sq. Mt

Free

7, Ratnakunj Society

0.500

No

ii. Residential House

--

--

--

--

--

--

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Bhojna Muvada

Joint – 3 Owners

0-52-61

Free

Khata No. 247

0.150

No

Alwa

Joint – 2 Owners

0-61-72

Free

Khata No. 641

0.400

Yes – State Bank of India

Kalaji

Joint – 4 Owners

1-42-65

Free

Khata No. 296

0.250

Yes – Bank of India

Rampura

Owned

1-11-29

Free

Khata No. 119

0.800

Yes – Bank of India

Kalaji

Joint – 2 Owners

2-12-46

Free

Khata No. 307

1.000

Yes – State Bank of India

Nirmali

Joint – 2 Owners

0-89-03

Free

Khata No. 972

0.400

Yes – State Bank of India

Kapadwanj

Joint – 2 Owners

0-84-31

Free

Khata No. 3814

0.800

Yes – Bank of India

Kapadwanj

Joint – 6 Owners

0-95-10

Free

Khata No. 1186

0.400

--

Mahamadpura – Kapadwanj

Joint – 4 Owners

0-91-05

Free

Khata No. 262

0.400

No

Kapadwanj

Joint – 6 Owners

1-50-75

Free

Khata No. 45

0.800

Yes – State Bank of India

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

5.900

 

 

 

TOTAL BORROWINGS

 

AS BORROWER

 

Name of Bank

 

Purpose of Loan

Re-PMT

Loan Amount

Asset

Outstanding

State Bank of India - Nirmali

KCC

Annually

0.150

Land

0.150

 

 

 

 

 

 

State Bank of India - Nirmali

KCC

Annually

0.300

Land

0.300

 

 

 

 

 

 

State Bank of India - Nirmali

KCC

Annually

0.250

--

0.250

 

 

 

 

 

 

State Bank of India - Nirmali

Auto

Half Yearly

0.478

Car

0.432

 

 

 

 

 

 

Bank of India – U. Mahadev

KCC / TL

Annually

0.699

--

0.699

 

 

 

 

 

 

Bank of India – Kevadiya

KCC

Annually

0.250

Land

0.250

 

 

 

 

 

 

Bank of India – Kapadwanj

KCC

Annually

0.250

Land

0.250

 

 

 

 

 

 

TOTAL

 

2.331

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Sangitaben

Housewife

Wife

34

Married

Bhojna Muvada

 

 

 

 

 

 

Aryan

Study

Son

7

Unmarried

Bhojna Muvada

 

 

 

 

 

 

Kashish

Study

Daughter

10

Unmarried

Bhojna Muvada

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. MANOJBHAI VARDHABHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

Bank of India

Kevadiaya

 

 

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area – Sq. Mt

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

Owned

15.87

Free

Talod

0.950

--

ii. Residential House

Owned

--

--

Palaiya

1.675

--

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Kalaji

Joint – 4 Owners

1-42-65

Free

Khata No. 296

0.250

Yes – Bank of India

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

2.875

 

 

 

TOTAL BORROWINGS

 

AS BORROWER

 

Name of Bank

 

Purpose of Loan

Re-PMT

Loan Amount

Asset

Outstanding

Bank of India

KCC

Annually

0.250

Land

0.250

 

 

 

 

 

 

TOTAL

 

0.250

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Premilaben V. Patel

Housewife

Wife

53

Married

Palaiya

 

 

 

 

 

 

Hiren M. Patel

--

Son

25

Unmarried

Palaiya

 

 

 

 

 

 

Harsh M. Patel

--

Son

30

Unmarried

Palaiya

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

MR. KANUBHAI BABABHAI PATEL

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank Name

 

Branch

SB/ CD A/c No.

State Bank of India

Dehgam

10761170472

 

 

 

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

Own /

Joint name

Area – Sq. Mt

Free hold or Lease hold

Location/

address

Present  Value

Whether encumbered

(Give details)

Non Agri. Land

 

 

 

 

 

 

i. Commercial Land

--

--

--

--

--

--

ii. Residential House

Owned

--

--

Nandoi

0.500

--

 

 

 

 

 

 

 

Agri. Land

 

 

 

 

 

 

Nandoi – Dehgam

Joint – 4 Owners

5-12-53

Free

Khata No. 220

2.000

Yes

Nandoi – Dehgam

Own

4-94-69

Free

Khata No. 221

1.800

Yes – Bank of India

 

 

 

 

 

 

 

Other Assets

--

--

--

--

--

--

 

 

 

 

 

 

 

TOTAL

 

4.300

 

 

 

TOTAL BORROWINGS

 

AS BORROWER

 

Name of Bank

 

Purpose of Loan

Re-PMT

Loan Amount

Asset

Outstanding

Bank of India – Kevadiya

KCC

Annually

0.625

Land

0.645

 

 

 

 

 

 

TOTAL

 

0.645

 

 

LEGAL HEIRS

 

Name

 

Occupation

Relation

Age

Marital Status

Address

Gangaben K. Patel

Housewife

Wife

46

Married

Nandoi

 

 

 

 

 

 

Vijaybahi K. Patel

--

Son

25

Married

Nandoi

 

 

 

 

 

 

Lataben V. Patel

Housewife

Daughter-in-law

23

Married

Nandoi

 

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

 

PROJECT REPORT

 

Repayment of Term Loan

Term Loan of Rs. 14.500 Millions [Excluding Capital Subsidy will be repaid in seven yearly equal installments commencing one year after commercial operation of cold storage i.e. First Installment will due in December 2015.

 

 

Working Capital for Operating Expenses

Clean Working Capital facility of Rs. 2.000 Millions for Payment of Electricity Bills and Labour charges from March to October every year in Non-Peak Income season.  

 

 

Pledge Loan

Finance against Potato Cold Storage Receipt Rs. 32.000 Millions.

 

 

BRIEF NOTE OF COLD STORAGE PROJECT

 

Nilkanth Cold Storage, Dehgam is promoted by Mr. Ashvinkumar Chimanlal Patel and other traders and agriculturist of the region. All partners and their family members are associated in agricultural and agro based trading activities since long.

 

There are wide variety of foods and vegetables, which are grown in the country, which requires very specific temperature and humidity. The world over there has been a considerable development in post-harvest management practices of various horticulture crops. And there have been many technological innovations on cold chain to increase the self-life of horticulture products. At present there are about 3400 odd cold storages with an installed capacity of just over 10 million tones in the country. The majority of cord storages are in the private sector accounting for about 91% of the installed capacity. The share of the cooperative sector is about 7% and that of the public sector is just over 1% of the total capacity of about 8 million tones that had been created in the potato growing states only.

 

 

CONCEPT OF REFRIGERATION STORAGE

 

The proper storage facilities such as refrigerated cold storage would provide the preservation of potatoes, suppliers of fruits and vegetables and other food items to make them available during off seasons. Such storage would.

 

a)     Reduce storage losses to minimum.

b)    Make the produce available throughout the year to the customers.

c)     Help the growers to earn reasonable price for their product.

d)    Stabilize prices of produce

 

There are two types of cold storage. One a frozen cold storage in which the temperature is below freezing. Second is cold storage where the temperature is above freezing. Exact temperature to be maintained would depend upon commodity stored.

 

 

PRODUCING CENTER

 

Any storage system including cold storage can be considered for the establishment either at producing center or consuming center. If the storage is to be set up in the areas where the produce is being cultivated, the advantage in such cold storage would be that owners will be in direct touch with the producers from whom the and vegetables could be procured or storage space can be rented. Dehgam is an important producing center of potatoes therefore the proposed cord storage space can be rented to farmers which will help them to fetch better price.

 

Thus there is a large scope for setting up of new cold storage in the area and gives better scope for giving income in rental basis to traders / potatoes growers. The second peculiarity in the area is major growers are also directly involved in trading activity.

 

 

PROMOTERS BACKGROUND

 

All partners have got wide contacts and influence with the potato growers and traders, which will be helpful in filling up their cold storage. They are engaged in cultivation and storing of potatoes since long. The proposed cold storage will be run by the dynamic leadership of Mr. Ashwinkumar Chimanbhai Patel.

 

Thus promoters of the project are well experienced and directly having contacts with potato growing farmers and having experience of potato cultivation as well as better quality grading of potatoes which will help to store quality product in their cold storage. All partners are well reputed business persons having sound position. They bear good moral integrity and sincerity to their work.

 

The firm will employ operators to run and manage the cold storage. The operator will be technically qualified and experienced person. The overall supervision and control shall be done by the partners who are well worse with market trend and having good contact with the farmers.

 

 

LOCATION ADVANTAGES

 

Location is very important for any cold storage. The location of cold storage depends primarily on whether it will be a producing center or consuming center. It should be the center of producing area to minimize the transportation costs between farm and the cold storage. Furthermore, enough drying space would be provided so that commodities can be brought out in a sizable quantity from the cold chambers at the time of marketing when the prices are very favorable.

 

If the cold storage is to be located in the consuming center such as Ahmedabad, Baroda, Surat, Rajkot it should be multipurpose cold storage to handle large variety of items. It would be located preferably in the market yard. However best location for multi-commodity cold storage would be in the vicinity of trading centers and producing centers of multiple commodities.

 

 

SITE SELECTION

 

In case of the proposed project, Dehgam is a producing center, as well as trading center. The proposed project site is in the midst of Potato, Vegetable and Milk products producing area. All the requirement of proposed cold storage can be procured within 10 km. radius, as discussed in the earlier section.

 

The site is on Dehgam Bayad Road, At Kadjodara, Ta. Dehgam. Land admeasuring 11432 Sq. Mt. has been purchased in the name of the partners of the firm at R. S. No. 821/1, Mauje Kadjodara, Ta. Dehgam, District Gandhinagar.

 

In view of the above factors, the proposed site is well situated for the proposed project coming up in the potatoes and vegetables producing center as well as consuming center of multiple commodities.

 

 

LAND AND BUILDING

 

Land admeasuring 11432 Sq. Mt. required for Construction of Cold Storage project has been purchased in the name of the partners of the firm at R. S. No. 821/1, Mauje Kadjodara, Ta. Dehgam. The necessary construction of factory building on such land as per the requirement is under construction.

 

The details of building would be as under:

 

Sr. No.

Description

Size – Mt.

Capacity [In Bags of 50 Kg.]

Volume CUM

Capacity (MT)

 

 

L

W

H

 

 

 

 

 

 

 

 

 

 

 

1

Chamber - 1

35.80

18.00

13.20

75000 Bags

8500.00

2500.00

 

 

 

 

 

 

 

 

2

Chamber - 2

35.80

18.00

13.20

75000 Bags

8500.00

2500.00

 

 

 

 

 

 

 

 

 

 

Total

150000 Bags

 

5000.000

 

 

Average Height of each Floor is 2.20 Mt. (Total 6 Floors)

 

3

Anti-Chambers [2]

5.20 x 3.18 each

 

 

 

4

Drying Shed

34.416 x 15.918

 

 

 

5

Plant Room

08.100 x 15.918

 

 

 

6

Office

--

 

 

PLANT AND MACHINERY'S

 

After making preliminary study regarding the source of supply of plant and machinery's it has been verified that all the machinery's would be available indigenously. The cost estimates of the plant and machinery's have been based by current prices obtained from the fabricator and suppliers of plant and machinery's.

 

 

POWER

 

The unit is required power of 200 KVA transformer to run it to its fullest capacity.

 

 

RAW MATERIAL

 

The material for the storage would be produced potatoes, seed etc. The partners would obtained Seed and Potatoes on rental basis from farmer to store them.

 

 

MANPOWER REQUIREMENT

 

Since the unit is situated in a town, the required unskilled workers would be available from nearby area hence the unit will not face any problem regarding availability of workers. A full time manager, one senior Mechanic, two junior mechanics, and two watchmen cum peons would be engaged to run the unit.

 

The manager will look after the overall administration of the cold storage such as Accounts, Administration, Maintenance of rental etc. The manager is expected to be thoroughly convergent with the cold storage operation as well as the potato varieties, potato sales and should have knowledge of cold storage operations.

 

The senior mechanic is the key person who will look after the proper maintenance and repairs and running of plants and machinery, setting right the defects detected during the operation of the cold storage. He would be working in general shift but would attend to any trouble whenever it arises. A person with diploma in refrigeration with five years’ experience as a mechanic in a cold storage based on ammonia system would be considered suitable for this post. He would be allotted residential accommodation in the cold storage itself. He will also be responsible for guiding the junior mechanic in the maintenance and running of the cold storage. Two junior mechanics would be operating the plant shift-wise and keeping the record of temperature, humidity oil pressure, discharge pressure etc. and will maintain a log book regularly. An experienced person with school certificate as educational qualification and a certificate in refrigeration with about one year experience could handle the job suitable.

 

The watchmen-cum-peons could be hired locally for the purpose of operation of the plant.

 

For loading and unloading operations, it is proposed to have the workers on contractual basis so that they are not considered as regular employees. The number of such workers may be 30. It is proposed that as far as possible the staff would be hired locally.

 

 

TRANSPORTATION

 

The site is on the National Road, well connected by road hence it will not face any problem of transportation of raw material and finish goods.

 

 

BRIEF ABOUT GANDHINAGAR DISTRICT

 

Gandhinagar District is an administrative division of Gujarat whose headquarters are at Gandhinagar the state capital. It has an area of 649 km2 and a population of 1334731 (1991 census). The district includes four taluks and 216 villages. Gandhinagar district is bounded by the districts of Sabarkantha to the northeast, Kheda to the southeast, Gandhinagar to the southwest, and Mehsana to the northwest. Connected to Gandhinagar by the Sartej-Gandhinagar highway and with Vadodara with the Gandhinagar-Vadodara highway, these three cities form the top population centers and commercial heart of Gujarat and western India.

 

 

CAPITAL INVESTMENT SUBSIDY

 

As per the revised policy of National Horticulture Mission during XI Plan proposed cold storage will be eligible for Credit linked back-ended subsidy @ 35% of the capital cost of project. This subsidy is available to only those units which adopt new technologies which are energy efficient with provision of insulation, humidity control and fin coil cooling system with provision of multi chambers. Technical standards, parameters and protocol issued by the Department to be adopted. It also offers other benefits such as sales tax exemption, service Tax exemption, rebate on electricity tariff, exemption on Octroi duty and property taxes and exemption in excise duty on purchase plant and machineries.

 

Gujarat state Government has also announced 15 % additional capital investment subsidy from the year 2012. Thus total capital investment subsidy eligible for the said unit is Rs. 20.000 Millions i.e. Rs. 14.000 Millions from Central Government (NHM) and Rs. 6.000 Millions from state Horticulture Mission.

 

 

MARKETING

 

The cold storage can be utilized in three different mode as under:

 

1)     The storage space can be rented out to the small and medium size farmer and villagers producing potatoes on rental basis complete season.

 

2)     The firm may keep commodities on pooling method for storage and later on selling out during off season. In this case it will be a risk involved and more working capital would be required.

 

3)     Storage of potatoes and selling to the farmers better quality seeds.

 

The firm will take first option, as in the case rental basis storage, space utilization, the risk of commercial trading is practically nil. Moreover in case of rental basis requirement of working capital is also less as working capital will be require only to the extent of operating expenses.

 

Thus 100 % of installed capacity of the storage will be rented out to farmers and traders. There will not be any difficulty in getting sufficient potatoes on rented basis as present storage capacity available is far less then actual production.

 

Small farmers having capacity to store will utilise the available storage space for storage of their agricultural produce so that they are not compelled to dispose off their products at un-remunerative price and bear economic loss. Storage facility enables them to store the potatoes so that it can be utilised in next season as seeds or dispose off during off season period if they desire.

 

In addition to farmer there are traders and supplier who utilise storage space for business purpose. The traders purchase the produce during crop harvesting period as the cost of produce is quite low during this period. The purchased produce is stored in cold storage for five to eight months. The stored produce is sold by them during off season period when the price is rising. Normally price starts rising after storage of potatoes after 3 to 4 months. Thus, the direct sell is done by them who utilise storage space.

 

 

PROCESS OF COLD STORAGE

 

The proposed cold storage plant is a processing unit. The process consist of keeping the cooling system inside the storage building fully circulated so as to maintain the temperature at fixed level so that the stored agricultural produce saved from getting decayed and useless. The process of cooling is explained as under:

 

1)     Diffusers are installed inside the storage building. Ammonia in liquid form is passed through pipe lines from ammonia tank in the diffuser.

 

2)     After the diffusers are loaded with liquefied gas, the air is circulated around diffusers for cooling. Cold air is rotated inside the building with help of ducting arrangement.

 

3)     During the process of air circulation around the diffusers the liquid ammonia become hot and starts transforming into gas. The gas is sucked through pipes by the Air Compressors machine installed in machine room.

 

4)     The compressed ammonia gas is brought through pipelines in cooling tank. The gas becomes cold in pipe line by circulation of water outside the pipes. The circular flow of water outside pipelines makes the ammonia gas cold and help to convert the gas into liquid form.

 

5)     Finally, the liquid ammonia is transferred and loaded in ammonia tank for sending it again in diffusers for cooling the air.

 

Thus, it is a cyclical process in which the cooling of air is secured with help of ammonia.

 

 

DESIGN OF COLD STORAGE

 

MACHINERY

 

The basic refrigeration cycle consists of compression, condensation, expansion and evaporation. In order to remove the heat from the cold storage, the work has to be applied through the compressor.

 

The main equipment for the above refrigeration cycle in cold storage unit is compressors, condenser, Receiving Tank, Evaporator suitable piping and dusting. Automatic control could be installed for efficient and smooth running of the plant. Usually the machine room is located on one side of the chamber to minimize the cost of piping.

 

- Machine Room

 

Machine room should not be obstruction to the natural wind for drying of commodities to be stored. In fact, it should be located in such a way that it covers the exposed walls of the cold chamber. The room should be of rectangular shape. It should be in a position to accommodate compressors of suitable size along with the motor starter ammonia receiver and electrical control panel etc.

 

 

-  Diffusers

 

Diffusers are located outside cold storage chambers from which the air is blown in the dusting to get cooling effect in the chambers. The diffusers should be located in such a way that minimum piping is required.

 

 

- Illumination in the Chamber

 

In order to facilitate loading and unloading, repairs and maintains as well as reading temperature, it is advisable to have proper illumination in the chambers. Tube lights are found to be very efficient, located at certain distance on each floor in the chamber. Alternatively, bulkhead firing may be provided.

 

-  Emergency Call Bell

 

It is advisable to provide an emergency call bell of push button type so that a person if locked up inside can push button to give an alarm in the machine room as well as office room.

 

- Condenser

 

Hot ammonia gas is liquefied by cooling through water circulation. For this purpose condenser made up of steel pipes are provided in which the ammonia gas passes through. Water is allowed to sprinkle over these pipes so that the gas cools down and liquefies. A convenient cooling water circulation system is provided for this purpose near the machine room at the ground floor level or on the first floor level.

 

 

COLD STORAGE CHAMBERS

 

Cold storage chambers are provided for the storage of potatoes vegetables and other commodities. For proposed cold storage there will be Two chambers with basement and 5 upper floors (6 Floors). The wooden racks are provided at each tier to separate from the other, wooden planks are systematically arranged with a gap in between so that air circulation can be effected through the chamber. The separation planks are made of wood since is found to be good insulating material and lighter in weight. Wooden planks are usually of 2" X 2" size in cross section duly treated with chemicals to protect it against white ants. There is an entrance with heavy duty insulated door so that no heat goes through the entrance.

 

 

DRYING SHED / LOADING UNLOADING PLATFORM

 

This platform is required at the time of loading and unloading of commodities. When the commodities like potatoes, vegetables are brought to cold storage, first they are stacked here and if necessary the grading operation is carried out. After the grading, the bags are again filled and taken to ante room for storage for few hours. From the ante room, commodities are taken to the cold storage chamber. Of late, however, certain commodities are directly taken to the chamber after keeping them in the shed for some time.

 

At the times of unloading same commodities are brought out, moisture comes out of them. This moisture has to be dried before sending it to the marketing centers. For this purpose packing are opened up 5nd such commodities are spread on this platform and allowed to dry with the aid of high speed blowers. It takes about 12-24 hours to dry. After drying, they are again sorted out and packing is filled for dispatch to marketing centers. Since drying of moisture is involved, it may they advisable to have brick paving with cement pointing on the floor so that brick can absorb the moisture which facilitate quicker drying.

 

The parapet should be constructed around this platform. A weather shed should also be provided to protect the monsoon water coming inside the drying shed, because of certain commodity like potatoes are unloaded in the monsoon period.

 

It is proposed to have Cold storage chamber to facilitate (l) easy and fast loading and unloading of commodities simultaneously (ii) to cover the insulated walls from direct sun rays.

 

 

INSULATION

 

Traditionally cold storage are insulated with saw-dust and paddy husk. The investment for this type of insulation is extremely low. However, it has been experienced that such insulating material has to be replaced frequently as also insulation efficiency is lower:

 

The unit will provide with EPS (Expanded Poly Styrene Sheets) thermo coal insulation with 150 mm thickness on the walls, 150 mm on ceilings for insulation and 50 mm on floor and on both sides of partition wall.

 

 

ELECTRICITY

 

The horse power required for compressors for the proposed project would be 200 KVA. In addition to this, there would be other motors for diffusers, water circulation, blowers, dehumidifiers etc. The total HP, therefore, would be 200 KVA load. For this purpose, high tension (HT) connection would be required. The cold storage is continuous industry in a sense that the storage period of about 9 months. The temperature inside the chambers has to be maintained about 32 F to 45 F throughout the storage period. For this purposes, it is essential that an un-interrupted electric supply is available. This is possible only if the cold storage is connected by direct industrial feeder from the electric sub-station of Uttar Gujarat Vij Company Limited Dehgam is having Uttar Gujarat Vij Co. Limited substation. It is recommended to have separate industrial feeder installed from the electric substation up to the site or give connection from such industrial feeder installed for other nearby cold storage / industries.

 

 

CONSTRUCTION

 

The design of cold storage would be such that the cost of construction is minimizing per ton capacity. There would be 2 cold storage chambers with one basement and five upper floors. The chambers would be fully insulted inside with the insulting material so that the heat losses are minimum. While designing the area of roof, the roof of the chamber would be kept to the minimum, since the roof area is directly exposed to sun rays. The insulation would be provided in such manner that it becomes a complete box internally made of the insulation. Even the doors at the entrance would be insulated properly. The drying shed, machine room, office room, etc. have been provided as required in the cold storage operation.

 

 

HUMIDITY CONTROL

 

Proposed cold storage will store certain commodities where low humidity is required. There are two types of methods adopted for reducing humidity

 

- Chemical De-humidifying

 

In this method air with a high humidity is brought into a contact of chemicals which are acting as absorbing agents and absorbs moisture (humidity) from the air and thus reduces the humidity. However after certain intervals, these chemicals become saturated with moisture and needs activation by dry air. Moreover these dehumidifiers are little expensive.

 

- Mechanical de-humidifying

 

In this method humid air is overcalled by the refrigeration. So moisture is converted into ice and settles at cooling surfaces. After cooling, the air which is cooled down below the required temperature is heated with the electrical heaters to the required temperature. Thus air at required humidity and temperature is obtained. In this method the moisture which forms ice at the cooling surfaces needs to be removed, which can be removed by heating the cooling surfaces during heating cycle? Mechanical dehumidifiers are cheaper compared to chemical de-humidifiers.

 

 

IMPLEMENTATION SCHEDULE

 

The proposed project will be completed in stages. The schedule is as under:-

 

Sr. No.

Work

Commencement

Completion

 

 

 

 

1

Land Acquisition

Already Acquired

 

 

 

 

2

Civil Work

July 2014

December 2014

 

 

 

 

3

Wooden Work

October 2014

December 2014

 

 

 

 

4

Erection and Installation of Plant and machineries 

December 2014

January 2015

 

 

 

 

5

Electrification

January 2015

February 2015

 

 

 

 

6

Trail Operation

February 2015

February 2015

 

 

 

 

7

Commercial Operation

February 2015

 

It is estimated that schedule will be implemented in time provided the financial assistance will be given as per plan and schedule.

 

 

PRELIMINARY AND PREOPERATIVE EXPENSES

 

In order to commence the project, initial expenditure will be incurred. This covers traveling exp., Consultancy fees, general indirect exp., interest on term loan from the date of receipt to date of commercial operation of cold storage etc. All this expenditure will be capitalized at the end of the year to Building Civil Construction Account and Plant and Machineries Account. Details of such expenditures are as under:

 

PARTICULARS

AMOUNT IN MILLIONS

Loan Documentation and Processing Fees

0.300

 

 

Project Consulting Fees 

0.200

 

 

Interest on TL up to commercial Operation

0.500

 

 

Total

 

1.000

 

 

STATUTORY REQUIREMENT

 

The cold storage order of 1980 having been withdrawn. No license is required to start a cold storage. The usual permission from Industries commissioner for a S.S.I. is however required.

 

 

CONCLUSION

 

The technical feasibility coupled with all infrastructure facilities are assured and established. The profitability cash flow and other economic aspects clearly show that the unit is financially viable and will successfully achieve the projected results.

 

The partners have made adequate provision of finance needed to contribute for commencement of project. Necessary contacts are made for planning and commencing the project and to complete it well in time.

 

The farmers and traders are contacted for storage utilisation. They have responded and have assured and promised to utilise the storage facility for their produce.

 

 

FINANCE AGAINST COLD STORAGE RECEIPT

 

Farmers and traders prefer the cold storage, where they can get some advance against potatoes stored with them against where house receipt. The firm or Bank itself directly provides loan to farmers against the stock of potatoes in cold storage as per the practice prevailing in the area. The requirement of such loan varies from year to year taking into consideration the market rate prevailing at the time of loading of potatoes. On an average if they consider value of Rs. 3501 per 50 Kg. bag and finance required is for 90 % farmers who stores their goods limit required will be worked out as under.

 

150000 Bags x 90% = Rs. 0.135 Million x Rs. 400 = Rs. 54.000 Millions – Rs. 21.600 Millions [40% Margin] = Rs. 32.400 Millions

 

THUS TOTAL FINANCE REQUIRED AGAINST PLEDGE OF POTATO COLD STORAGE RECEIPT WILL BE ABOUT 32.000 MILLIONS.

 

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

 


VALUATION REPORT

 

[LOCATED AT: KADJODRA, TA: DAHEGAM, DISTRICT GANDHINAGAR]

 

(GENERAL DETAILS)

 

Purpose of Valuation

To ascertain present market value of freehold interest in non-agriculture land and Proposed building there on.

 

 

Date of Visit

27.10.2014

 

 

Persons accompanying / available at the site at the time of visit / valuation

Mr. Ashwinbhai Patel

 

 

Complete address of the property [Door No. / Street / Cross road, Survey No. etc.]

Block / R.S. No. 821/1,

 

M/s. Neelkanth Cold Storage

Dahegam – Bayad Road, At: Kadjodra, Ta. Dahegam, District Gandhinagar 

 

 

Boundaries

East

West

North

South 

 

Land of Mr. Abhesinh Nathusinh

Government Nali

Dahegam – Bayad Road and Land of Mr. Dhanaji

Land of Mr. Lalsinh Punjsinh

 

 

Title of the property

Name of the Owners

 

M/s. Neelkanth Cold Storage

 

Partnership Firm [Partners]

1)     Mr. Anilkumar Khodabhai Patel

2)     Mr. Nimeshkumar Jayeshbhai Patel

3)     Mr. Saileshkumar Babarbhai Patel

4)     Mr. Ashwinkumar Chimanbhai Patel

5)     Mr. Kanubhai Bababhai Patel

6)     Mr. Babarbhai Dahyabhai Patel

7)     Mr. Manojbhai Vedhrabhai Patel

8)     Mr. Ravjibhai Nathabhai Patel

9)     Mr. Arvindbhai Ravjibhai Patel

10)  Mr. Bhikhabhai Punjabhai Patel

11)  Mr. Mahendrakumar Dahyabhai Patel

12)  Mr. Ramabhai Shankarbhai Patel

13)  Mrs. Mita Sanjaybhai Patel

 

 

Since how long owing the property

In year 2014 through Registered Sale Deed

 

 

Whether joint/co-ownership/other [Specify]

Yes, Joint Ownership

 

 

Whether assessed to wealth tax, if so wealth tax paid

NA

 

 

Corporation Tax paid

Amount

Year of assessment

Date of Payment

Not assessed being Property is under Construction.

 

 

Agreements of easements if any and if so attach copies

NA

 

 

Restrictive clauses as to uses, if any [whether building use certificate from corporation has been obtained etc.]

Proposed Cold Storage Purpose. Non Agriculture permission is obtained from District Development Officer, Gandhinagar vide permission No. DP/MSL-1/NA/SR-20/Vashi – 3226 to 3235/14.

Dated: 10.10.2014

 

And

 

Construction permission is obtained from Town Planner, Gandhinagar vide permission No. NA/BP/Kadjodra/Dahegam/481.

Dated: 21.05.2014

 

 

Location advantages / disadvantages

Schools, Residential Society, Markets, Bus Stand etc. available at Dahegam which is at 15 Kms.

 

 

Classification of locality: Higher Class/ Middle Class/ Poor Class

Agriculture cum commercial area.

 

 

Civic Amenities

All located within 15 kms which is at Dahegam

 

 

Proximity to surface communication

The property is situated on Dahegam – Bayad Road.

 

 

Distance from city/ Municipal limits

Within 15 Kms which is at Dahegam Municipal Limits

 

 

Is the property is not within the city / town Municipal limits then state the distance of the property from the Municipal Office

Within Kadjodra Grampanchayat limit

 

 

Municipal limits

Within 15 Kms which is at Dahegam Municipal Limits

 

 

Disadvantages if ant to be specified

Nil

 

 

Title of the property

 

-       Whether freehold

Freehold

 

 

-       If not freehold, what is unexpired period of Lease?

NA

 

 

-       If leasehold, name of the lessor/lessee nature of lease, date of commencement and forms of renewal of lease

NA

 

 

-       Rent per annum

NA

 

 

-       Unearned increases payable to the lessor in the event of sale or transfer

NA

 

 

Type of property – whether

 

-       Agriculture

NA

 

 

-       Industrial

NA

 

 

-       Residential [flat apartment] [any restrictive clauses for sale etc. to be furnished] renewal of lease

NA

 

 

-       Commercial

Yes, Proposed Cold Storage

 

 

-       Institutional

NA

 

 

-       Others [Specify]

NA

 

 

What is the -

 

-       Year of acquisition purchase of land

In year 2014 through Registered Sale Deed

 

 

-       Value / Purchase price paid

Rs. 2.200 Millions through Registered Sale Deed No. 1968. Dated 14.10.2014

 

 

-       Year of construction of super structure

In the year 2014 [Under Construction]

 

 

-       Numbers of floor/ storeys

Cold Storage building [Ground Floor only]

 

 

-       Year of construction

In the year 2014 [Under Construction]

 

 

-       Additions / Improvements carried out if any state briefly nature of additional cost there of

As per Valuation Part

 

 

-       Present written down value

As per Valuation Part

 

 

-       Valuer’s opinion regarding present condition / state of building

As per Valuation Part

 

 

-       Estimate future life

Approx. 50 years

 

 

Area of land to be supported by a map showing shape, dimensions, physical features

11432.00 Sq. Mt.

 

 

Has the whole or part of the land been notified for acquisition by Government or Statutory body? If so give details

NA

 

 

Area of building/ constructed portion [State separately for factory, Admn. Building, staff quarters etc.]

As per Valuation Part

 

 

Type / Class of Construction

RCC and M.S. frame structure

 

 

Service items available [list of all the items to be provided-such as bore-well sump embedded. Motors, BMC water supply, sanitary disposal systems, canteen stores etc.]

Water connection provided by Private bore well Drainage is connected to soak pit and soak well.

 

 

If the property is industrial -

Yes

State for what type of activity / industry the premise is well suited.

Any cold storage activity

 

 

Sanctioned / connected power load

250 KVA – 350 HP

 

 

Type of activity presently going on at the premises

Proposed Cold Storage. [The Property is under Construction at time of Valuation]

 

 

Whether the property is residential flat apartment if so, than state

 

-       When the building was constructed

NA

 

 

-       Whether full consideration has been paid and proper title documents obtained and produced for verification?

NA

 

 

-       In which floor/ storey, flat is located

NA

 

 

If the property is of a commercial type state

 

-       For what purpose the same is well suited [office purpose/ business etc.]

NA

 

 

-       The present activity /business being

NA

 

 

If the property is agriculture state

 

-       Whether dry or wet lands

NA

 

 

-       Migration facility available

NA

 

 

-       Type of crops grown and annul yield income in the previous year

NA

 

 

Whether building/ property is constructed strictly according to the sanctioned plan details of variation, notified of any and effect of the same on the valuation to be dealt with specifically.

Proposed Cold Storage Purpose. Non Agriculture permission is obtained from District Development Officer, Gandinagar vide permission No. DP/MSL-1/NA/SR-20/Vashi – 3226 to 3235/14

Dated: 10.10.2014

 

And

 

Construction permission is obtained from Town Planner, Gandinagar vide permission No. NA/BP/Kadjodra/Dahegam/481.

Dated: 21.05.2014

 

 

Whether the property is self-occupied or tenanted \ let out, if tenanted \ let out

The Property is under Construction at time of Valuation

-       Since how long

--

 

 

-       To how many tenants

--

 

 

-       What is the total monthly income

--

 

 

-       If party owner occupied specify portion and extent of area under owner occupation.

--

 

 

Whether the said property was valued earlier? If so,

NA

-       Date of valuation

--

 

 

-       Name and address of valuer

--

 

 

-       Whether in the approved panel of bank

--

 

 

-       Purpose of earlier valuation

--

 

 

-       Basis of valuation

--

 

 

-       Also, submit / enclose a copy of the earlier valuation report 

--

 

 

Basis of present valuation

 

-       Present depreciated value

As per Valuation Part

 

 

-       Market value

 

Rate adopted

Rs. 2500.00 per Sq. Mt. for Land Component

 

 

Basis for adopted rates

By inquiry in surrounding

 

 

Whether the adopted rates are commensurate with the rates adopted by the registrar’s office? In case of wide variation, please specify reasons. 

Yes, wide variation is observed because rates fixed by Registrar’s Office are not based on scientific studies and same cannot be applicable for ascertaining present market value.

 

 

Whether the adopted rates have any relationship with those adopted by I.T. Dept.

They have adopted rates as per open market in area.

 

 

Whether the rates are based on prevalent rates in the area if so, the basis for accepting the same.

Yes, by inquiry

 

 

Incase of increase in present valuation over the previous valuation, then furnish the specific reasons, basis for the increase in value and the details of variation.

NA

 

 

Whether the building is insured – if so

 

-       For what value

Owner has to furnished detail.

 

 

-       Against what risk

Owner has to furnished detail.

 

 

-       Date of enquiry of the insurance

Owner has to furnished detail.

 

 

In case the Bank were to sell the property what would be approximate realizable value

85 to 90% as per valuation

 

 

Sources for information for arriving at the realizable value

By Inquiry

 

 

 

VALUATION OF LAND AND BUILDING

 

LAND

 

1)     Area of Land 11432.00 Sq. Mt.

 

2)     Shape: Rectangular piece of land.

 

3)     The plot has frontage on the Dahegam – Bayad Road.

 

4)     The land will be used for cold storage purpose and the property is under Construction at time of valuation.

 

5)     The tenure is freehold.

 

6)     The plot of land is located at Village Kadjodra and its value is derived from local enquiries made by me in surrounding area.

 

7)     All kinds of infrastructural need like Transporters, Bus depots, Commercial Complexes, Hotels, Banks, small scale units laborers point, etc. are easily available from Dahegam city which is at 15 Kms away from property under valuation.

 

8)     As per situation of land, size of land, shape of land, conditions prevailing and taking into consideration facts mentioned above, value of land at Rs. 2500.00 per Sq. Mt. is considered being fair and reasonable.

 

Area of land

11432.00 Sq. Mt.

 

 

Value of land

11432.00 Sq. Mt. x 2500.00 per Sq. Mt.

 

Rs. 28.580 Millions  [A]

   

 

BUILDING

 

1. Name of building

Cold Storage

 

The owner has constructed the cold storage. The 2 nos. of chambers has storage racks for Puf Paner’s racks done with is constructed with a grid of RCC columns and surrounding masonry walls with floor height about 48 feet. The Roofing is of RCC slab with POP False Ceiling. Undermeath high quality thermal insulation has been provided to floor, walls and the ceiling as per the required thickness and having plaster, protection over it. The outer walls plaster work is in progress.

 

Built – up area in Sq. Mt.

1695.67 Sq. Mt.

 

 

2. Name of building

Open Shed

 

It is constructed of 0.23 m. thick brick masonry wall structure type construction. Roofing is of G.I. Sheets. Roofing is supported over M.S. Trusses, Purlins and griders.

 

Height of the Roof

14 feet

 

 

Built – up area in Sq. Mt.

380.41 Sq. Mt.

 

 

3. Name of building

Machine Room

 

The Building is Constructed on BB Masonry load bearing wall structure type Construction. The Roofing is of RCC slab. The Flooring is of I.P.S. M.S. Rolling Shutter and M.S. Grill Windows are provided with oil paint. Inside has smooth plaster and outside sand face plaster with white wash. Electrification is of Concealed type.

 

Height of the Roof

14 feet

 

 

Built – up area in Sq. Mt.

133.08 Sq. Mt.

 

 

4. Name of building

R.C.C. Water Tank

 

The Building is Constructed on BB Masonry load bearing wall structure type Construction. The Roofing is of RCC slab.

 

Built – up area in Sq. Mt.

140000.00 Litres

 

 

5. Name of building

Office Block

 

 

 

It is RCC frame structure type construction with brick masonry walls. The Roofing is of RCC slab. The flooring is of Mosaic tiles. Wooden Doors and windows are provided with oil paint. Inside has smooth plaster and outside sand face plaster with Color wash. Electrification is of Concealed type.

 

Built – up area in Sq. Mt.

34.00 Sq. Mt.

 

 

6. Name of building

Weigh Bridge

 

It is RCC frame structure type construction with brick masonry walls. The Roofing is of RCC slab. The Flooring is of IPS Wooden Doors and Windows are provided.

 

Built – up area in Sq. Mt.

44.53 Sq. Mt.

 

 

7. Name of building

Toilet Block

 

Rs. 0.050 Million

 

 

8. Name of building

Compound Wall

 

Rs. 0.140 Million

 

 

PRESENT MARKET VALUE BUILDING

 

[AFTER COMPLETION]

 

[RS. IN MILLIONS]

 

Name of Buildings

Built – Up area per Sq. Mt.

Construction Rate per Sq. Mt.

Value of Building After Completion

 

 

 

 

Cold Storage

1695.67 Sq. Mt. @

Rs. 15000.00 per Sq. Mt.

25.435

 

 

 

 

Open Shed

380.41 Sq. Mt. @

Rs. 5000.00 per Sq. Mt.

1.902

 

 

 

 

Machine Room

133.08 Sq. Mt. @

9800.00 per Sq. Mt.

1.304

 

 

 

 

RCC Water Tank

140000.00 Litres

2.00 per Litre

0.280

 

 

 

 

Office Block 

34.00 Sq. Mt. @

9800.00 per Sq. Mt.

0.333

 

 

 

 

Weigh Bridge

44.53 Sq. Mt. @

2500.00 per Sq. Mt.

0.112

 

 

 

 

Toilet Block

L S

0.050

 

 

 

 

Compound Wall

L S

1.400

 

 

 

 

Total Valuation of Building [After Completion]

30.816     [B]

 

 

 

 

Total Valuation of Land and Building [A + B] [After Completion] is

59.396

 

 

 

 

Total Valuation of Land and Building [After Completion] Say

59.396

 

 

PRESENT MARKET VALUE BUILDING

 

[AS ON TODAY]

 

Name of Buildings

Value of Building After Completion

Work Progress as on Today

Work in %

Value of Building as on Today

 

 

 

 

 

Cold Storage

25.435

Slab Level

70%

17.805

 

 

 

 

 

Open Shed

1.902

Work is not started

0%

0.000

 

 

 

 

 

Machine Room

1.304

Lintel Level

50%

0.652

 

 

 

 

 

RCC Water Tank

0.280

Work is not started

0%

0.000

 

 

 

 

 

Office Block 

0.333

Work is not started

0%

0.000

 

 

 

 

 

Weigh Bridge

0.112

Inside Plaster

70%

0.078

 

 

 

 

 

Toilet Block

0.050

Work is not started

0%

0.000

 

 

 

 

 

Compound Wall

1.400

Complete

100%

1.400

 

 

 

 

 

Total Valuation of Building [As on Today]

19.935

 

 

 

 

 

Total Valuation of Land and Building [A + B] [As on Today] is

19.935

 

 

 

 

 

Total Valuation of Land and Building [As on Today] Say

19.936

 

 

PRESENT MARKET VALUE

 

AS ON TODAY

AFTER COMPLETION

 

 

 

 

 

Value of Land

28.580

28.580

A

 

 

 

 

Value of Building

19.935

30.816

B

 

 

 

 

Plant and Machinery

0.000

15.768

C

 

 

 

 

Total

48.515

75.164

 

 

 

 

 

Say

48.515

75.164

 

 

 

DIFFERENT VALUE OF THE PROPERTY [AS ON TODAY]

 

SR. NO.

PARTICULARS

RS. IN MILLIONS

 

 

 

1

Present Market Value

48.515

 

 

 

2

Realizable Value

44.876

 

 

 

3

Distress Sale Value

41.238

 

 

DIFFERENT VALUE OF THE PROPERTY [AFTER COMPLETION]

 

SR. NO.

PARTICULARS

RS. IN MILLIONS

 

 

 

1

Present Market Value

75.164

 

 

 

2

Realizable Value

69.527

 

 

 

3

Distress Sale Value

63.889

 

 

 

4

The Value of Land and building as per Stamp duty Department [Exclusively meant for stamp duty purpose] Basis of Valuation as per Mumbai Stamp Duty Act 1958 Section 32/C, [Does not represent the market value]

 

 

Value of Land

[Gamtal Commercial]

11432.00 Sq. Mt. @ Rs. 262.00 per Sq. Mt. 

2.995            [A]

 

 

 

Value of Building

[After Completion]

--

30.816            [B]

 

 

TOTAL JANTRI VALUE OF THE PROPERTY IS [A + B] IS

RS. 33.811 MILLIONS

 

 

PLANT AND MACHINERY WITH ELECTRICAL INSULATION AND MISCELLANEOUS WORK  

 

A.

PLANT AND MACHINERY

 

 

SR. NO.

DESCRIPTION

QTY

RATE

PER

AMOUNT IN MILLIONS

 

 

 

 

 

 

1

Compressor Kirloskar

Make

KC 2

1

300000.00

No

0.300

 

 

 

 

 

 

2

Compressor Kirloskar

Make

KC 2

1

374000.00

No

0.374

 

 

 

 

 

 

3

Compressor Kirloskar

Make

KC 2

1

410000.00

No

0.410

 

 

 

 

 

 

4

Air Cooling Unit Frick India Limited / Star Cooler

12

310000.00

No

3.720

 

 

 

 

 

 

5

Condenser Set

23

65000.00

No

1.495

 

 

 

 

 

 

6

High Pressure receiver

1

500000.00

No

0.500

 

 

 

 

 

 

7

Ammonia Gas Pipe Line and Fittings

Lot

340000.00

--

0.340

 

 

 

 

 

 

8

Ammonia Gas and Compressor Oil

Lot

--

--

0.170

 

 

 

 

 

 

9

Refrigerator Plant Erection Labour

Lot

--

--

0.240

 

 

 

 

 

 

10

Humidifier

4

70000.00

--

0.280

 

 

 

 

 

 

 

TOTAL

 

7.829

 

 

B.

ELECTRICAL INSTALLATION

 

 

SR. NO.

DESCRIPTION

QTY

RATE

PER

AMOUNT IN MILLIONS

 

 

 

 

 

 

1

Electric Motor 40 HP

1

120000.00

No.

0.120

 

 

 

 

 

 

2

Electric Motor 60 HP

1

155000.00

No.

0.155

 

 

 

 

 

 

3

Electric Motor 100 HP

1

170000.00

No.

0.170

 

 

 

 

 

 

4

Monoblock Pump Set 7.5 HP

--

25000.00

No.

0.050

 

 

 

 

 

 

5

Panal Board

--

Lump

Sum

0.405

 

 

 

 

 

 

6

Power Wiring and Cabling

--

Lump

Sum

0.410

 

 

 

 

 

 

7

Lighting Wiring and Lighting Fixture

--

Lump

Sum

0.100

 

 

 

 

 

 

8

Electric  CTPT and Transformer

--

Lump

Sum

0.610

 

 

 

 

 

 

9

Electricity connection charges

--

Lump

Sum

0.700

 

 

 

 

 

 

 

TOTAL

 

2.720

 

 

C.

MISCELLANEOUS WORK

 

 

SR. NO.

DESCRIPTION

QTY

RATE

PER

AMOUNT IN MILLIONS

 

 

 

 

 

 

1

Tube Well

Lot

--

--

0.200

 

 

 

 

 

 

2

Weigh Bridge

1

500000.00

No.

0.500

 

 

 

 

 

 

3

Conveyor Belf System

1

530000.00

No.

0.530

 

 

 

 

 

 

 

TOTAL

 

1.230

 

 

D.

INSULATION

 

 

SR. NO.

DESCRIPTION

QTY

RATE

PER

AMOUNT IN MILLIONS

 

 

 

 

 

 

 

E P S Insulation Work with Wire Mesh, Screw, Wire etc.  

 

 

 

 

 

 

 

 

 

 

1

For Exterior wall 150 mm th.

2592

500.00

Smt

1.296

 

 

 

 

 

 

2

For Common wall 75 mm th.

1092

370.00

Smt

0.404

 

 

 

 

 

 

3

150 mm th. to Ceiling

1857

500.00

Smt

0.928

 

 

 

 

 

 

4

75 mm th. to Floor

1854

350.00

Smt

0.649

 

 

 

 

 

 

5

Refrigeration pipe line Insulation

--

Lump

Sum

0.180

 

 

 

 

 

 

6

Insulated door and window

38

14000.00

Smt

0.532

 

 

 

 

 

 

 

TOTAL

 

3.989

 

 

[AFTER COMPLETION] TOTAL [A + B + C + D]

RS. 15.768 MILLIONS                     [C]

 

 

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

 

VALUATION REPORT

 

[LOCATED AT: PALAIYA, TA: DAHEGAM, DISTRICT GANDHINAGAR]

 

(GENERAL DETAILS)

 

Purpose of Valuation

To ascertain present market value of freehold interest in non-agriculture land and building there on.

 

 

Date of Visit

29.10.2014

 

 

Persons accompanying / available at the site at the time of visit / valuation

Mr. Arvindbhai Ravjibhai Patel

 

 

Complete address of the property [Door No. / Street / Cross road, Survey No. etc.]

Gram Panchayat Property No. 149, Rinkal Bhuvan, Patel Vas, At: Palaiya, Ta. Dahegam, District Gandhinagar

 

 

Boundaries

East

West

North

South 

 

Road

House of Mr. Manharbhai Ambalal Patel

Road

House of Mr. Jayantibhai Patel

 

 

Title of the property

Name of the Owner

 

Mr. Arvindbhai Ravjibhai Patel

 

 

Since how long owing the property

Ancestral Property

 

 

Whether joint/co-ownership/other [Specify]

Ancestral Property

 

 

In case of joint ownership, please furnish shares of each owner and whether the share are undivided?

Ancestral Property

 

 

Whether assessed to wealth tax, if so wealth tax paid

NA

 

 

Corporation Tax paid

Amount

Year of assessment

Date of Payment

Receipt is not on Record

 

 

Agreements of easements if any and if so attach copies

NA

 

 

Restrictive clauses as to uses, if any [whether building use certificate from corporation has been obtained etc.]

Residential Purpose. Construction permission is obtained from Palaiya Grampanchayat.

 

 

Location advantages / disadvantages

Schools, Residential Societies, Markets, Bus Stand etc. available within 0.5 Kms which is at Dahegam.

 

 

Classification of locality: Higher Class/ Middle Class/ Poor Class

Middle Class Residential Area.

 

 

Civic Amenities

All located within 0.5 Km

 

 

Proximity to surface communication

The property is situated on Internal Road.

 

 

Distance from city/ Municipal limits

Within Palaiya Grampanchayat limits.

 

 

Is the property is not within the city / town Municipal limits then state the distance of the property from the Municipal Office

Within Palaiya Grampanchayat limits.

 

 

Municipal limits

Within Gram Panchayat Limits.

 

 

Disadvantages if ant to be specified

Nil

 

 

Title of the property

 

-       Whether freehold

Yes, Freehold

 

 

-       If not freehold, what is unexpired period of Lease?

NA

 

 

-       If leasehold, name of the lessor/lessee nature of lease, date of commencement and forms of renewal of lease

NA

 

 

-       Rent per annum

NA

 

 

-       Unearned increases payable to the lessor in the event of sale or transfer

NA

 

 

Type of property – whether

 

-       Agriculture

NA

 

 

-       Industrial

NA

 

 

-       Residential [flat apartment] [any restrictive clauses for sale etc. to be furnished] renewal of lease

Yes, Residential House

 

 

-       Commercial

NA

 

 

-       Institutional

NA

 

 

-       Others [Specify]

NA

 

 

What is the -

 

-       Year of acquisition purchase of land

Ancestral Property

 

 

-       Value / Purchase price paid

Ancestral Property

 

 

-       Year of construction of super structure

In the year 1993

 

 

-       Numbers of floor/ storeys

Ground Floor and First Floor

 

 

-       Year of construction

In the year 1993

 

 

-       Additions / Improvements carried out if any state briefly nature of additional cost there of

As per Valuation Part

 

 

-       Present written down value

As per Valuation Part

 

 

-       Valuer’s opinion regarding present condition / state of building

As per Valuation Part

 

 

-       Estimate future life

40 Years

 

 

Area of land to be supported by a map showing shape, dimensions, physical features

146.10 Sq. Mt. [As per Actual]

 

 

Has the whole or part of the land been notified for acquisition by Government or Statutory body? If so give details

NA

 

 

Area of building/ constructed portion [State separately for factory, Admn. Building, staff quarters etc.]

Ground Floor

66.07 Sq. Mt.

 

 

First Floor

66.07 Sq. Mt.

 

 

Total

 

132.14 Sq. Mt.

 

 

Type / Class of Construction

Load Bearing Wall structure

 

 

Service items available [list of all the items to be provided-such as bore-well sump embedded. Motors, BMC water supply, sanitary disposal systems, canteen stores etc.]

Water connection is provided by Gram Panchayat and Drainage is connected to Soak Pit.

 

 

If the property is industrial -

 

State for what type of activity / industry the premise is well suited.

NA

 

 

Sanctioned / connected power load

NA

 

 

Type of activity presently going on at the premises

NA

 

 

Whether the property is residential flat apartment if so, than state

 

-       When the building was constructed

NA

 

 

-       Whether full consideration has been paid and proper title documents obtained and produced for verification?

NA

 

 

-       In which floor/ storey, flat is located

NA

 

 

If the property is of a commercial type state

 

-       For what purpose the same is well suited [office purpose/ business etc.]

NA

 

 

-       The present activity /business being

NA

 

 

If the property is agriculture state

 

-       Whether dry or wet lands

NA

 

 

-       Migration facility available

NA

 

 

-       Type of crops grown and annul yield income in the previous year

NA

 

 

Whether building/ property is constructed strictly according to the sanctioned plan details of variation, notified of any and effect of the same on the valuation to be dealt with specifically.

Residential Purpose. Construction Permission is obtained from Palaiya Grampanchayat.

 

 

Whether the property is self-occupied or tenanted \ let out, if tenanted \ let out

Self-Occupied

-       Since how long

--

 

 

-       To how many tenants

--

 

 

-       What is the total monthly income

--

 

 

-       If party owner occupied specify portion and extent of area under owner occupation.

Fully Owner Occupied.

 

 

Whether the said property was valued earlier? If so,

NA

-       Date of valuation

--

 

 

-       Name and address of valuer

--

 

 

-       Whether in the approved panel of bank

--

 

 

-       Purpose of earlier valuation

--

 

 

-       Basis of valuation

--

 

 

-       Also, submit / enclose a copy of the earlier valuation report 

--

 

 

Basis of present valuation

 

-       Present depreciated value

As per Valuation Part

 

 

-       Market value

 

Rate adopted

Rs. 10000.00 per Sq. Mt. for Land

 

 

Basis for adopted rates

By inquiry in surrounding

 

 

Whether the adopted rates are commensurate with the rates adopted by the registrar’s office? In case of wide variation, please specify reasons. 

Yes, wide variation is observed because rates fixed by Registrar’s Office are not based on scientific studies and same cannot be applicable for ascertaining present market value.

 

 

Whether the adopted rates have any relationship with those adopted by I.T. Dept.

They have adopted rates as per open market in area.

 

 

Whether the rates are based on prevalent rates in the area if so, the basis for accepting the same.

Yes, by inquiry

 

 

Incase of increase in present valuation over the previous valuation, then furnish the specific reasons, basis for the increase in value and the details of variation.

--

 

 

Whether the building is insured – if so

 

-       For what value

Owner has to furnished detail.

 

 

-       Against what risk

Owner has to furnished detail.

 

 

-       Date of enquiry of the insurance

Owner has to furnished detail.

 

 

In case the Bank were to sell the property what would be approximate realizable value

85 to 90% as per valuation

 

 

Sources for information for arriving at the realizable value

--

 

 

 

VALUATION OF LAND AND BUILDING

 

The property under valuation is Residential house having construction at Ground floor and First Floor. Verandahs, Drawing Room, Bed Room, Kitchen and Common Bath + W.C. are provided on Ground Floor and First Floor has Hall, Balcony. The flooring is of IPS. The common bath plus W.C. is with up to Lintle level dedo glazed tiles. 

 

B.B. Masonry load bearing structure. Roof is covered by RCC slab. Inner faces of walls have smooth plaster covered with colour wash and outer face has sand face plaster and with cement paint. Wooden doors and Wooden frame windows are provided and painted with oil paint. The drainage is connected to soak pit. Water supply is provided by Gram Panchayat. The electrification is of Open type. 

 

In order to estimate the prevailing market value in the vicinity of the said property market enquiry was conducted amongst:

 

·         Property brokers

·         Real estate agents and

·         Occupants of the other existing property holders

 

It reveals that the plot are available in nearby area in range of Rs. 10000.00 to Rs. 15000.00 per Sq. Mt. depending upon its size, shape, location, access from main road, frontage etc.

 

Considering above and keeping in view location, size, frontage, Distance from the main road, demand and supply in the said area, they have adopted the market rate from property at Rs. 10000.00 per Sq. Mt. which is quite fair and justified.

 

Value of Land

146.10 Sq. Mt. @ Rs. 10000.00 per Sq. Mt.

Rs. 1.461 Millions

 

 

 

Value of Building

132.14 Sq. Mt. @ Rs. 7500.00 per Sq. Mt.

Rs. 0.991 Million

 

 

 

Total

 

Rs. 2.452 Millions

 

 

 

Say

 

Rs. 2.452 Millions

    

 

DIFFERENT VALUE OF THE PROPERTY

 

SR. NO.

PARTICULARS

RS. IN MILLIONS

 

 

 

1

Present Market Value

2.452

 

 

 

2

Realizable Value

2.268

 

 

 

3

Distress Sale Value

2.084

 

 

 

4

The Value of Land and building as per Stamp duty Department [Exclusively meant for stamp duty purpose] Basis of Valuation as per Mumbai Stamp Duty Act 1958 Section 32/C, [Does not represent the market value]

 

 

JANTRI VALUE

 

Land Value

146.10 Sq. Mt. @ Rs. 341.00 per Sq. Mt.

Rs. 0.050 Million       [A]

 

 

 

Building Value

132.14 Sq. Mt. @ Rs. 9900.00 per Sq. Mt.

Rs. 1.308 Millions

 

 

 

Depreciated Replacement Cost @ 1% per Annum i.e. 21 years

Rs. 0.275 Million

 

 

 

Depreciated Replacement Cost

Rs. 1.033 Millions       [B]

 

 

 

TOTAL JANTRI VALUE [A + B] IS

 

RS. 1.083 MILLIONS

 

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

 

VALUATION REPORT

 

[LOCATED AT: PALAIYA, TA: DAHEGAM, DISTRICT GANDHINAGAR]

 

(GENERAL DETAILS)

 

Purpose of Valuation

To ascertain present market value of freehold interest in non-agriculture land and building there on.

 

 

Date of Visit

29.10.2014

 

 

Persons accompanying / available at the site at the time of visit / valuation

Mr. Manojbhai Vardhabhai Patel

 

 

Complete address of the property [Door No. / Street / Cross road, Survey No. etc.]

Gram Panchayat Property No. 152, Patel Vas, Nava Ghara, At: Palaiya, Ta. Dahegam, District Gandhinagar

 

 

Boundaries

East

West

North

South 

 

House of Mr. Dineshbhai Chaturbhai Patel

Road

Margin and House of Mr. Jayantibhai Patel

House of Mr. Vardhabhai Patel

 

 

Title of the property

Name of the Owner

 

Mr. Manojbhai Vardhabhai Patel

 

 

Since how long owing the property

Ancestral Property

 

 

Whether joint/co-ownership/other [Specify]

Ancestral Property

 

 

In case of joint ownership, please furnish shares of each owner and whether the share are undivided?

Ancestral Property

 

 

Whether assessed to wealth tax, if so wealth tax paid

NA

 

 

Corporation Tax paid

Amount

Year of assessment

Date of Payment

Receipt is not on Record

 

 

Agreements of easements if any and if so attach copies

NA

 

 

Restrictive clauses as to uses, if any [whether building use certificate from corporation has been obtained etc.]

Residential Purpose. Construction permission is obtained from Palaiya Grampanchayat.

 

 

Location advantages / disadvantages

Schools, Residential Societies, Markets, Bus Stand etc. available within 0.5 Kms which is at Dahegam.

 

 

Classification of locality: Higher Class/ Middle Class/ Poor Class

Middle Class Residential Area.

 

 

Civic Amenities

All located within 0.5 Km

 

 

Proximity to surface communication

The property is situated on Internal Road.

 

 

Distance from city/ Municipal limits

Within Palaiya Grampanchayat limits.

 

 

Is the property is not within the city / town Municipal limits then state the distance of the property from the Municipal Office

Within Palaiya Grampanchayat limits.

 

 

Municipal limits

Within Gram Panchayat Limits.

 

 

Disadvantages if ant to be specified

Nil

 

 

Title of the property

 

-       Whether freehold

Yes, Freehold

 

 

-       If not freehold, what is unexpired period of Lease?

NA

 

 

-       If leasehold, name of the lessor/lessee nature of lease, date of commencement and forms of renewal of lease

NA

 

 

-       Rent per annum

NA

 

 

-       Unearned increases payable to the lessor in the event of sale or transfer

NA

 

 

Type of property – whether

 

-       Agriculture

NA

 

 

-       Industrial

NA

 

 

-       Residential [flat apartment] [any restrictive clauses for sale etc. to be furnished] renewal of lease

Yes, Residential House

 

 

-       Commercial

NA

 

 

-       Institutional

NA

 

 

-       Others [Specify]

NA

 

 

What is the -

 

-       Year of acquisition purchase of land

Ancestral Property

 

 

-       Value / Purchase price paid

Ancestral Property

 

 

-       Year of construction of super structure

15 Years Old and Renovated recently

 

 

-       Numbers of floor/ storeys

Ground Floor and First Floor

 

 

-       Year of construction

15 Years Old and Renovated recently

 

 

-       Additions / Improvements carried out if any state briefly nature of additional cost there of

As per Valuation Part

 

 

-       Present written down value

As per Valuation Part

 

 

-       Valuer’s opinion regarding present condition / state of building

As per Valuation Part

 

 

-       Estimate future life

50 Years

 

 

Area of land to be supported by a map showing shape, dimensions, physical features

318.40 Sq. Mt. [As per Actual]

 

 

Has the whole or part of the land been notified for acquisition by Government or Statutory body? If so give details

NA

 

 

Area of building/ constructed portion [State separately for factory, Admn. Building, staff quarters etc.]

Ground Floor

101.25 Sq. Mt.

 

 

First Floor

85.25 Sq. Mt.

 

 

Total

 

186.50 Sq. Mt.

 

 

Type / Class of Construction

Load Bearing Wall structure

 

 

Service items available [list of all the items to be provided-such as bore-well sump embedded. Motors, BMC water supply, sanitary disposal systems, canteen stores etc.]

Water connection is provided by Gram Panchayat and Drainage is connected to Soak Pit.

 

 

If the property is industrial -

 

State for what type of activity / industry the premise is well suited.

NA

 

 

Sanctioned / connected power load

NA

 

 

Type of activity presently going on at the premises

NA

 

 

Whether the property is residential flat apartment if so, than state

 

-       When the building was constructed

NA

 

 

-       Whether full consideration has been paid and proper title documents obtained and produced for verification?

NA

 

 

-       In which floor/ storey, flat is located

NA

 

 

If the property is of a commercial type state

 

-       For what purpose the same is well suited [office purpose/ business etc.]

NA

 

 

-       The present activity /business being

NA

 

 

If the property is agriculture state

 

-       Whether dry or wet lands

NA

 

 

-       Migration facility available

NA

 

 

-       Type of crops grown and annul yield income in the previous year

NA

 

 

Whether building/ property is constructed strictly according to the sanctioned plan details of variation, notified of any and effect of the same on the valuation to be dealt with specifically.

Residential Purpose. Construction Permission is obtained from Palaiya Grampanchayat.

 

 

Whether the property is self-occupied or tenanted \ let out, if tenanted \ let out

Self-Occupied

-       Since how long

--

 

 

-       To how many tenants

--

 

 

-       What is the total monthly income

--

 

 

-       If party owner occupied specify portion and extent of area under owner occupation.

Fully Owner Occupied.

 

 

Whether the said property was valued earlier? If so,

NA

-       Date of valuation

--

 

 

-       Name and address of valuer

--

 

 

-       Whether in the approved panel of bank

--

 

 

-       Purpose of earlier valuation

--

 

 

-       Basis of valuation

--

 

 

-       Also, submit / enclose a copy of the earlier valuation report 

--

 

 

Basis of present valuation

 

-       Present depreciated value

As per Valuation Part

 

 

-       Market value

 

Rate adopted

Rs. 10000.00 per Sq. Mt. for Land

 

 

Basis for adopted rates

By inquiry in surrounding

 

 

Whether the adopted rates are commensurate with the rates adopted by the registrar’s office? In case of wide variation, please specify reasons. 

Yes, wide variation is observed because rates fixed by Registrar’s Office are not based on scientific studies and same cannot be applicable for ascertaining present market value.

 

 

Whether the adopted rates have any relationship with those adopted by I.T. Dept.

They have adopted rates as per open market in area.

 

 

Whether the rates are based on prevalent rates in the area if so, the basis for accepting the same.

Yes, by inquiry

 

 

Incase of increase in present valuation over the previous valuation, then furnish the specific reasons, basis for the increase in value and the details of variation.

--

 

 

Whether the building is insured – if so

 

-       For what value

Owner has to furnished detail.

 

 

-       Against what risk

Owner has to furnished detail.

 

 

-       Date of enquiry of the insurance

Owner has to furnished detail.

 

 

In case the Bank were to sell the property what would be approximate realizable value

85 to 90% as per valuation

 

 

Sources for information for arriving at the realizable value

--

 

 

 

VALUATION OF LAND AND BUILDING

 

The property under valuation is Residential house having construction at Ground floor and First Floor. Verandahs, Drawing Room, Bed Room, Kitchen and Common Bath + W.C. are provided on Ground Floor and First Floor has 3 Rooms. The flooring is of Marble Stone on Ground Floor and First Floor has IPS. The kitchen has Black Granite platform with Color Glazed tiles. The common bath plus W.C. is with up to Lintle level dedo glazed tiles.

 

B.B. Masonry load bearing structure. Roof is covered by RCC slab. Inner faces of walls have smooth plaster covered with colour wash and outer face has sand face plaster and with cement paint. Wooden doors and Wooden frame windows are provided and painted with oil paint. The drainage is connected to soak pit. Water supply is provided by Gram Panchayat. The electrification is of concealed type. 

 

In order to estimate the prevailing market value in the vicinity of the said property market enquiry was conducted amongst:

 

·         Property brokers

·         Real estate agents and

·         Occupants of the other existing property holders

 

It reveals that the plot are available in nearby area in range of Rs. 10000.00 to Rs. 15000.00 per Sq. Mt. depending upon its size, shape, location, access from main road, frontage etc.

 

Considering above and keeping in view location, size, frontage, Distance from the main road, demand and supply in the said area, they have adopted the market rate from property at Rs. 10000.00 per Sq. Mt. which is quite fair and justified.

 

Value of Land

318.40 Sq. Mt. @ Rs. 10000.00 per Sq. Mt.

Rs. 3.184 Millions

 

 

 

Value of Building

186.50 Sq. Mt. @ Rs. 9000.00 per Sq. Mt.

Rs. 1.679 Millions

 

 

 

Total

 

Rs. 4.863 Millions

 

 

 

Say

 

Rs. 4.862 Millions

    

 

DIFFERENT VALUE OF THE PROPERTY

 

SR. NO.

PARTICULARS

RS. IN MILLIONS

 

 

 

1

Present Market Value

Rs. 4.862 Millions

 

 

 

2

Realizable Value

Rs. 4.497 Millions

 

 

 

3

Distress Sale Value

Rs. 4.133 Millions

 

 

 

4

The Value of Land and building as per Stamp duty Department [Exclusively meant for stamp duty purpose] Basis of Valuation as per Mumbai Stamp Duty Act 1958 Section 32/C, [Does not represent the market value]

 

 

JANTRI VALUE

 

Land Value

318.40 Sq. Mt. @ Rs. 341.00 per Sq. Mt.

Rs. 0.109 Million       [A]

 

 

 

Building Value

186.50 Sq. Mt. @ Rs. 9900.00 per Sq. Mt.

Rs. 1.846 Millions

 

 

 

Depreciated Replacement Cost @ 1% per Annum i.e. 15 years

0.277

 

 

 

Depreciated Replacement Cost

Rs. 1.569 Millions      [B]

 

 

 

TOTAL JANTRI VALUE [A + B] IS

 

RS. 1.678 MILLIONS

 

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

 

VALUATION REPORT

 

[LOCATED AT: MACHHANG MOTI (MANEKPUR), TA: DAHEGAM, DISTRICT GANDHINAGAR]

 

(GENERAL DETAILS)

 

Purpose of Valuation

To ascertain present market value of freehold interest in non-agriculture land and building there on.

 

 

Date of Visit

27.10.2014

 

 

Persons accompanying / available at the site at the time of visit / valuation

Mr. Babarbhai Dahyabhai Patel

 

 

Complete address of the property [Door No. / Street / Cross road, Survey No. etc.]

Gram Panchayat Property No. 243, Patel Vas, (Manekpur) At and Post Machhang Moti, Ta. Dahegam, District Gandhinagar

 

 

Boundaries

East

West

North

South 

 

Road

House of Mr. Ambalal Patel

House of Mr. Khodabhai Patel

House of Mr. Ramanbhai Patel 

 

 

Title of the property

Name of the Owner

 

Mr. Babarbhai Dahyabhai Patel

 

 

Since how long owing the property

Ancestral Property

 

 

Whether joint/co-ownership/other [Specify]

Ancestral Property

 

 

In case of joint ownership, please furnish shares of each owner and whether the share are undivided?

Ancestral Property

 

 

Whether assessed to wealth tax, if so wealth tax paid

NA

 

 

Corporation Tax paid

Amount

Year of assessment

Date of Payment

Receipt is not on Record

 

 

Agreements of easements if any and if so attach copies

NA

 

 

Restrictive clauses as to uses, if any [whether building use certificate from corporation has been obtained etc.]

Residential Purpose.

 

 

Location advantages / disadvantages

Schools, Residential Societies, Markets, Bus Stand etc. available within 19 Kms which is at Dahegam.

 

 

Classification of locality: Higher Class/ Middle Class/ Poor Class

Middle Class Residential Area.

 

 

Civic Amenities

Within 19 Kms which is at Dahegam.

 

 

Proximity to surface communication

The property is situated on Internal Road.

 

 

Distance from city/ Municipal limits

Within 19 Kms which is at Dahegam. Nagarpalika limits.

 

 

Is the property is not within the city / town Municipal limits then state the distance of the property from the Municipal Office

Within 19 Kms which is at Dahegam. Nagarpalika limits.

 

 

Municipal limits

Within Gram Panchayat Limits.

 

 

Disadvantages if ant to be specified

Nil

 

 

Title of the property

 

-       Whether freehold

Yes, Freehold

 

 

-       If not freehold, what is unexpired period of Lease?

NA

 

 

-       If leasehold, name of the lessor/lessee nature of lease, date of commencement and forms of renewal of lease

NA

 

 

-       Rent per annum

NA

 

 

-       Unearned increases payable to the lessor in the event of sale or transfer

NA

 

 

Type of property – whether

 

-       Agriculture

NA

 

 

-       Industrial

NA

 

 

-       Residential [flat apartment] [any restrictive clauses for sale etc. to be furnished] renewal of lease

Yes, Residential House

 

 

-       Commercial

NA

 

 

-       Institutional

NA

 

 

-       Others [Specify]

NA

 

 

What is the -

 

-       Year of acquisition purchase of land

Ancestral Property

 

 

-       Value / Purchase price paid

Ancestral Property

 

 

-       Year of construction of super structure

Renovated in year 2014

 

 

-       Numbers of floor/ storeys

Ground Floor and First Floor

 

 

-       Year of construction

Renovated in year 2014

 

 

-       Additions / Improvements carried out if any state briefly nature of additional cost there of

As per Valuation Part

 

 

-       Present written down value

As per Valuation Part

 

 

-       Valuer’s opinion regarding present condition / state of building

As per Valuation Part

 

 

-       Estimate future life

50 Years

 

 

Area of land to be supported by a map showing shape, dimensions, physical features

133.00 Sq. Mt. [As per Actual]

 

 

Has the whole or part of the land been notified for acquisition by Government or Statutory body? If so give details

NA

 

 

Area of building/ constructed portion [State separately for factory, Admn. Building, staff quarters etc.]

Ground Floor

90.50 Sq. Mt.

 

 

First Floor

90.50 Sq. Mt.

 

 

Total

 

181.00 Sq. Mt.

 

 

Type / Class of Construction

Load Bearing Wall structure

 

 

Service items available [list of all the items to be provided-such as bore-well sump embedded. Motors, BMC water supply, sanitary disposal systems, canteen stores etc.]

Water connection is provided by Gram Panchayat and Drainage is connected to Soak Pit.

 

 

If the property is industrial -

 

State for what type of activity / industry the premise is well suited.

NA

 

 

Sanctioned / connected power load

NA

 

 

Type of activity presently going on at the premises

NA

 

 

Whether the property is residential flat apartment if so, than state

 

-       When the building was constructed

NA

 

 

-       Whether full consideration has been paid and proper title documents obtained and produced for verification?

NA

 

 

-       In which floor/ storey, flat is located

NA

 

 

If the property is of a commercial type state

 

-       For what purpose the same is well suited [office purpose/ business etc.]

NA

 

 

-       The present activity /business being

NA

 

 

If the property is agriculture state

 

-       Whether dry or wet lands

NA

 

 

-       Migration facility available

NA

 

 

-       Type of crops grown and annul yield income in the previous year

NA

 

 

Whether building/ property is constructed strictly according to the sanctioned plan details of variation, notified of any and effect of the same on the valuation to be dealt with specifically.

Residential Purpose.

 

 

Whether the property is self-occupied or tenanted \ let out, if tenanted \ let out

Self-Occupied

-       Since how long

--

 

 

-       To how many tenants

--

 

 

-       What is the total monthly income

--

 

 

-       If party owner occupied specify portion and extent of area under owner occupation.

Fully Owner Occupied.

 

 

Whether the said property was valued earlier? If so,

NA

-       Date of valuation

--

 

 

-       Name and address of valuer

--

 

 

-       Whether in the approved panel of bank

--

 

 

-       Purpose of earlier valuation

--

 

 

-       Basis of valuation

--

 

 

-       Also, submit / enclose a copy of the earlier valuation report 

--

 

 

Basis of present valuation

 

-       Present depreciated value

As per Valuation Part

 

 

-       Market value

 

Rate adopted

Rs. 1000.00 per Sq. Mt. for Land

 

 

Basis for adopted rates

By inquiry in surrounding

 

 

Whether the adopted rates are commensurate with the rates adopted by the registrar’s office? In case of wide variation, please specify reasons. 

Yes, wide variation is observed because rates fixed by Registrar’s Office are not based on scientific studies and same cannot be applicable for ascertaining present market value.

 

 

Whether the adopted rates have any relationship with those adopted by I.T. Dept.

They have adopted rates as per open market in area.

 

 

Whether the rates are based on prevalent rates in the area if so, the basis for accepting the same.

Yes, by inquiry

 

 

Incase of increase in present valuation over the previous valuation, then furnish the specific reasons, basis for the increase in value and the details of variation.

--

 

 

Whether the building is insured – if so

 

-       For what value

Owner has to furnished detail.

 

 

-       Against what risk

Owner has to furnished detail.

 

 

-       Date of enquiry of the insurance

Owner has to furnished detail.

 

 

In case the Bank were to sell the property what would be approximate realizable value

85 to 90% as per valuation

 

 

Sources for information for arriving at the realizable value

--

 

 

 

VALUATION OF LAND AND BUILDING

 

The property under valuation is Residential house having construction at Ground floor and First Floor. Verandahs, Drawing Room, Bed Room, Kitchen and Common Bath + W.C. are provided on Ground Floor and First Floor has 2 Bed Rooms. The flooring is of Vitrified tiles. The kitchen has Black Granite platform with Color Glazed tiles on dedo up to lintel level. The common bath plus W.C. is with up to Lintel level dedo glazed tiles.

 

B.B. Masonry load bearing structure. Roof is covered by RCC slab. Inner faces of walls have smooth plaster covered with colour wash and outer face has sand face plaster and with cement paint. Wooden doors and Wooden frame windows are provided and painted with oil paint. The drainage is connected to soak pit. Water supply is provided by Gram Panchayat. The electrification is of concealed type. 

 

In order to estimate the prevailing market value in the vicinity of the said property market enquiry was conducted amongst:

 

·         Property brokers

·         Real estate agents and

·         Occupants of the other existing property holders

 

It reveals that the plot are available in nearby area in range of Rs. 1000.00 to Rs. 1500.00 per Sq. Mt. depending upon its size, shape, location, access from main road, frontage etc.

 

Considering above and keeping in view location, size, frontage, Distance from the main road, demand and supply in the said area, they have adopted the market rate from property at Rs. 1000.00 per Sq. Mt. which is quite fair and justified.

 

Value of Land

133.00 Sq. Mt. @ Rs. 1000.00 per Sq. Mt.

Rs. 0.133 Million

 

 

 

Value of Building

181.00 Sq. Mt. @ Rs. 12500.00 per Sq. Mt.

Rs. 2.263 Millions

 

 

 

Total

 

Rs. 2.396 Millions

 

 

 

Say

 

Rs. 2.396 Millions

    

 

DIFFERENT VALUE OF THE PROPERTY

 

SR. NO.

PARTICULARS

RS. IN MILLIONS

 

 

 

1

Present Market Value

Rs. 2.396 Millions

 

 

 

2

Realizable Value

Rs. 2.216 Millions

 

 

 

3

Distress Sale Value

Rs. 2.037 Millions

 

 

 

4

The Value of Land and building as per Stamp duty Department [Exclusively meant for stamp duty purpose] Basis of Valuation as per Mumbai Stamp Duty Act 1958 Section 32/C, [Does not represent the market value]

 

JANTRI VALUE

 

Land Value

[Gamtal Residential]

133.00 Sq. Mt. @ Rs. 200.00 per Sq. Mt.

Rs. 0.027 Million           [A]

 

 

 

Building Value

Depreciated Replacement Cost

Rs. 2.262 Millions        [B]

 

 

 

TOTAL JANTRI/ REGISTRATION VALUE [A + B] IS

 

RS. 2.289 MILLIONS

 

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

 


VALUATION REPORT

 

[LOCATED AT: LIHODA, TA: DAHEGAM, DISTRICT GANDHINAGAR]

 

(GENERAL DETAILS)

 

Purpose of Valuation

To ascertain present market value of freehold interest in non-agriculture land and building there on.

 

 

Date of Visit

27.10.2014

 

 

Persons accompanying / available at the site at the time of visit / valuation

Mr. Mahendrakumar Dahyabhai Patel

 

 

Complete address of the property [Door No. / Street / Cross road, Survey No. etc.]

Property No. 60,

At: Lihoda, Ta. Dahegam, District Gandhinagar

 

 

Boundaries

East

West

North

South 

 

Road

Vado

House of Vinubhai Patel

Open Plot 

 

 

Title of the property

Name of the Owner

 

Mr. Mahendrakumar Dahyabhai Patel

 

 

Since how long owing the property

Ancestral Property

 

 

Whether joint/co-ownership/other [Specify]

NA

 

 

In case of joint ownership, please furnish shares of each owner and whether the share are undivided?

NA

 

 

Whether assessed to wealth tax, if so wealth tax paid

NA

 

 

Corporation Tax paid

Amount

Year of assessment

Date of Payment

Property No. 60

1624.00

2014-2015

11.08.2014

 

 

Agreements of easements if any and if so attach copies

NA

 

 

Restrictive clauses as to uses, if any [whether building use certificate from corporation has been obtained etc.]

Construction Permission is obtained from local authority.

 

 

Location advantages / disadvantages

Schools, Residential Societies, Markets, Bus Stand etc. are within Dahegam 10 Km

 

 

Classification of locality: Higher Class/ Middle Class/ Poor Class

Middle Class Residential Area.

 

 

Civic Amenities

All located within 8 to 10 Km

 

 

Proximity to surface communication

The property is situated on Internal Road.

 

 

Distance from city/ Municipal limits

Within Lihoda Grampanchayat Limits

 

 

Is the property is not within the city / town Municipal limits then state the distance of the property from the Municipal Office

Within Lihoda Grampanchayat Limits

 

 

Municipal limits

Within Lihoda Grampanchayat Limits

 

 

Disadvantages if ant to be specified

Nil

 

 

Title of the property

 

-       Whether freehold

Yes, Freehold

 

 

-       If not freehold, what is unexpired period of Lease?

NA

 

 

-       If leasehold, name of the lessor/lessee nature of lease, date of commencement and forms of renewal of lease

NA

 

 

-       Rent per annum

NA

 

 

-       Unearned increases payable to the lessor in the event of sale or transfer

NA

 

 

Type of property – whether

 

-       Agriculture

NA

 

 

-       Industrial

NA

 

 

-       Residential [flat apartment] [any restrictive clauses for sale etc. to be furnished] renewal of lease

Yes, Residential House

 

 

-       Commercial

NA

 

 

-       Institutional

NA

 

 

-       Others [Specify]

NA

 

 

What is the -

 

-       Year of acquisition purchase of land

Ancestral Property

 

 

-       Value / Purchase price paid

Ancestral Property

 

 

-       Year of construction of super structure

5 Years Old

 

 

-       Numbers of floor/ storeys

Ground Floor, First Floor and Second Floor

 

 

-       Year of construction

5 Years Old

 

 

-       Additions / Improvements carried out if any state briefly nature of additional cost there of

As per Valuation Part

 

 

-       Present written down value

As per Valuation Part

 

 

-       Valuer’s opinion regarding present condition / state of building

As per Valuation Part

 

 

-       Estimate future life

55 Years

 

 

Area of land to be supported by a map showing shape, dimensions, physical features

168.36 Sq. Mt.

 

 

Has the whole or part of the land been notified for acquisition by Government or Statutory body? If so give details

NA

 

 

Area of building/ constructed portion [State separately for factory, Admn. Building, staff quarters etc.]

Ground Floor

84.18 Sq. Mt.

 

 

First Floor

70.15 Sq. Mt.

 

 

Second Floor

21.16 Sq. Mt.

 

 

Total

 

175.49 Sq. Mt.

 

 

Type / Class of Construction

Load Bearing Wall structure

 

 

Service items available [list of all the items to be provided-such as bore-well sump embedded. Motors, BMC water supply, sanitary disposal systems, canteen stores etc.]

Water connection is provided by Gram Panchayat Bore well and Drainage is connected to public sewer.

 

 

If the property is industrial -

 

State for what type of activity / industry the premise is well suited.

NA

 

 

Sanctioned / connected power load

NA

 

 

Type of activity presently going on at the premises

NA

 

 

Whether the property is residential flat apartment if so, than state

 

-       When the building was constructed

NA

 

 

-       Whether full consideration has been paid and proper title documents obtained and produced for verification?

NA

 

 

-       In which floor/ storey, flat is located

NA

 

 

If the property is of a commercial type state

 

-       For what purpose the same is well suited [office purpose/ business etc.]

NA

 

 

-       The present activity /business being

NA

 

 

If the property is agriculture state

 

-       Whether dry or wet lands

NA

 

 

-       Migration facility available

NA

 

 

-       Type of crops grown and annul yield income in the previous year

NA

 

 

Whether building/ property is constructed strictly according to the sanctioned plan details of variation, notified of any and effect of the same on the valuation to be dealt with specifically.

Construction Permission is obtained from local authority.

 

 

Whether the property is self-occupied or tenanted \ let out, if tenanted \ let out

Self-Occupied

-       Since how long

--

 

 

-       To how many tenants

--

 

 

-       What is the total monthly income

--

 

 

-       If party owner occupied specify portion and extent of area under owner occupation.

--

 

 

Whether the said property was valued earlier? If so,

NA

-       Date of valuation

--

 

 

-       Name and address of valuer

--

 

 

-       Whether in the approved panel of bank

--

 

 

-       Purpose of earlier valuation

--

 

 

-       Basis of valuation

--

 

 

-       Also, submit / enclose a copy of the earlier valuation report 

--

 

 

Basis of present valuation

 

-       Present depreciated value

As per Valuation Part

 

 

-       Market value

 

Rate adopted

Rs. 1000.00 per Sq. Mt. for Land

 

 

Basis for adopted rates

By inquiry in surrounding

 

 

Whether the adopted rates are commensurate with the rates adopted by the registrar’s office? In case of wide variation, please specify reasons. 

Yes, wide variation is observed because rates fixed by Registrar’s Office are not based on scientific studies and same cannot be applicable for ascertaining present market value.

 

 

Whether the adopted rates have any relationship with those adopted by I.T. Dept.

They have adopted rates as per open market in area.

 

 

Whether the rates are based on prevalent rates in the area if so, the basis for accepting the same.

Yes, by inquiry

 

 

Incase of increase in present valuation over the previous valuation, then furnish the specific reasons, basis for the increase in value and the details of variation.

--

 

 

Whether the building is insured – if so

 

-       For what value

Owner has to furnished detail.

 

 

-       Against what risk

Owner has to furnished detail.

 

 

-       Date of enquiry of the insurance

Owner has to furnished detail.

 

 

In case the Bank were to sell the property what would be approximate realizable value

85 to 90% as per valuation

 

 

Sources for information for arriving at the realizable value

--

 

 

 

VALUATION OF LAND AND BUILDING

 

The property under valuation is Residential house having construction at Ground floor, First Floor and Second Floor. Verandahs, Drawing Room, Bed Room, Kitchen and Common Bath + W.C. are provided on Ground Floor and First Floor has 3 Rooms on First Floor and Second Floor has 1 Room. The flooring is done with Kota Stone and Vitrified tiles. The kitchen has Granite platform. The common bath plus W.C. is with up to Lintle level dedo glazed tiles. 

 

B.B. Masonry load bearing structure. Roof is covered by RCC slab and Inner faces of walls have smooth plaster covered with colour wash and outer face has sand face plaster and with cement paint. Wooden doors and Wooden frame windows are provided and painted with oil paint. The drainage is connected to soak pit. Water supply is provided by Grampanchayat Bore Well. The electrification is of concealed type. 

 

In order to estimate the prevailing market value in the vicinity of the said property market enquiry was conducted amongst:

 

·         Property brokers

·         Real estate agents and

·         Occupants of the other existing property holders

 

It reveals that the plot are available in nearby area in range of Rs. 1000.00 to Rs. 2000.00 per Sq. Mt. depending upon its size, shape, location, access from main road, frontage etc.

 

Considering above and keeping in view location, size, frontage, Distance from the main road, demand and supply in the said area, they have adopted the market rate from property at Rs. 1000.00 per Sq. Mt. which is quite fair and justified.

 

Value of Land

168.36 Sq. Mt. @ Rs. 1000.00 per Sq. Mt.

Rs. 0.168 Million

 

 

 

Value of Built up Area

175.49 Sq. Mt. @ Rs. 10500.00 per Sq. Mt.

Rs. 1.843 Millions

 

 

 

Total

 

Rs. 2.011 Millions

 

 

 

Say

 

Rs. 2.011 Millions

    

 

DIFFERENT VALUE OF THE PROPERTY

 

SR. NO.

PARTICULARS

RS. IN MILLIONS

 

 

 

1

Present Market Value

Rs. 2.011 Millions

 

 

 

2

Realizable Value

Rs. 1.860 Millions

 

 

 

3

Distress Sale Value

Rs. 1.709 Millions

 

 

 

4

The Value of Land and building as per Stamp duty Department [Exclusively meant for stamp duty purpose] Basis of Valuation as per Mumbai Stamp Duty Act 1958 Section 32/C, [Does not represent the market value]

 

JANTRI VALUE

 

Land Value

[Gamtal Residential]

168.36 Sq. Mt. @ Rs. 202.00 per Sq. Mt.

Rs. 0.034 Million     [A]

 

 

 

Building Value

175.49 Sq. Mt. @ Rs. 9900.00 per Sq. Mt. 

Rs. 1.737 Millions

 

 

 

Depreciation @ 5%

 

Rs. 0.087 Million

 

 

 

Depreciated replacement cost

 

Rs. 1.650 Millions     [B]

 

 

 

TOTAL JANTRI/ REGISTRATION VALUE [A + B] IS

 

RS. 1.684 MILLIONS

 

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

 

 


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

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

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs. 61.88

UK Pound

1

Rs. 97.02

Euro

1

Rs. 76.13

 

 

INFORMATION DETAILS

 

Information Gathered by :

HNA

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

BVA

 


 

RATING EXPLANATIONS

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

 

 

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

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