MIRA INFORM REPORT

Report Date :

12.12.2014

IDENTIFICATION DETAILS

Name :	KEERTHI FARMS
Registered Office :	H. No. 17-1-383/97/2, 2A, 2B and 2C, Plot No. 97/2, Vinay Nagar Housing Board Colony, Saidabad, IS Sadan X Roads, Hyderabad – 500059, Telangana
Country :	India
Financials (as on) :	30.09.2014 [Provisional]
Year of Establishment :	1994
Capital Investment :	Rs. 14.877 Millions
PAN No.: [Permanent Account No.]	AACFK8946M
Legal Form :	Partnership Concern with an Unlimited Liability of the Partners
Line of Business :	Manufacturer of Boiler Eggs and Seller of Growers.
No. of Employees :	29 (4 in Office and 25 in Factory) (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established partnership concern having satisfactory track record. General financial position of the concern is sound. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct and as per commitments. The concern can be considered normal for business dealings at usual 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
India	A1	A1

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

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. Hemant Reddy
Designation :	Chartered Accountant
Contact No.:	91-9618866789
Date :	09.12.2014

LOCATIONS

Registered Office :	H. No. 17-1-383/97/2, 2A, 2B and 2C, Plot No. 97/2, Vinay Nagar Housing Board Colony, Saidabad, IS Sadan X Roads, Hyderabad – 500059, Telangana, India
Tel. No.:	Not Available
Fax No.:	Not Available
Location :	Owned
Factory 1 :	Sy. Nos 119/A and 119/VU, Godakondla [V and Gram Panchayat], Chintalapally (M), District Nalgonda, Telangana, India
Location :	Owned
Factory 2 :	Sy. No. 58, 59, 60 and 248, Nagarjuna Sagar Road, Chintalapally Guda Village, Mangalpally (V), Ibrahimpatnam (M), District Ranga Reddy, Telangana, India
Location :	Owned

PARTNERS

Name :	Mr. J. Ram Reddy
Designation :	Partner
Address :	H. No. 17-1-383/97/2, 2A, 2B and 2C, Plot No. 97/2, Vinay Nagar Housing Board Colony, Saidabad, IS Sadan X Roads, Hyderabad – 500059, Telangana, India
Date of Birth/Age :	28.03.1959
Experience :	20 Years
PAN No.:	ACLPJ5647F
Name :	Mrs. J. Prameela
Designation :	Partner
Address :	H. No. 17-1-383/97/2, 2A, 2B and 2C, Plot No. 97/2, Vinay Nagar Housing Board Colony, Saidabad, IS Sadan X Roads, Hyderabad – 500059, Telangana, India
Date of Birth/Age :	30.11.1968
Experience :	10 Years
Name :	Mrs. J. Deepika Reddy
Designation :	Partner
Address :	H. No. 17-1-383/97/2, 2A, 2B and 2C, Plot No. 97/2, Vinay Nagar Housing Board Colony, Saidabad, IS Sadan X Roads, Hyderabad – 500059, Telangana, India
Date of Birth/Age :	16.08.1986
Experience :	5 Years
Name :	Mrs. J. Ashwini Reddy
Designation :	Partner
Address :	H. No. 17-1-383/97/2, 2A, 2B and 2C, Plot No. 97/2, Vinay Nagar Housing Board Colony, Saidabad, IS Sadan X Roads, Hyderabad – 500059, Telangana, India
Date of Birth/Age :	02.11.1984
Experience :	5 Years
Name :	Mrs. J. Laxmamma
Designation :	Partner
Address :	H. No. 17-1-383/97/2, 2A, 2B and 2C, Plot No. 97/2, Vinay Nagar Housing Board Colony, Saidabad, IS Sadan X Roads, Hyderabad – 500059, Telangana, India
Date of Birth/Age :	01.07.1941
Experience :	5 Years

KEY EXECUTIVES

Name :	Mr. Hemant Reddy
Designation :	Chartered Accountant

BUSINESS DETAILS

Line of Business :	Manufacturer of Boiler Eggs and Seller of Growers.
Brand Names :	--
Agencies Held :	--
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Credit [60 Days]
Purchasing :	Credit [10 – 15 Days]

PRODUCTION STATUS

PRODUCTS	INSTALLED CAPACITY	ACTUAL PRODUCTION
Layer Sheds	105000 Birds	105000 Birds
Grower Sheds	105000 Growers	105000 Growers

GENERAL INFORMATION

Suppliers :

Reference:	Venkateshwara Hatcheries Limited, Hyderabad
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Experience:	Not Divulged
Maximum limit dealt:	Not Divulged

Customers :

Wholesalers, Retailers and Others

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Experience:	Not Divulged
Maximum limit dealt:	Not Divulged

No. of Employees :

29 (4 in Office and 25 in Factory) (Approximately)

Bankers :

Bank Name:	State Bank of India
Branch:	Adibatla, District Ranga Reddy, Telangana, India
Person Name (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks: Not Divulged

Facilities :

CC = Rs. 17.600 Millions

SECURED LOANS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
State Bank of India OD	17.727	17.712
TL-0994	2.750	2.798
Total	20.477	20.510

Banking Relations :	--
Auditors :
Name :	SJR and Associates Chartered Accountants
Address :	Gaddiannaram, Dilsukhnagar, Hyderabad, Andhra Pradesh, India
Mobile No.:	91-9618866789
Fax No.:	91-40-24155567
E-Mail :	sjreddy.ca@gmail.com
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 30.09.2014 [PROVISIONAL]

Capital Investment :
Owned :	Rs. 14.877 Millions
Borrowed :	--
Total :	Rs. 14.877 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

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

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		30.09.2014 [Provisional]	31.03.2014	31.03.2013	31.03.2012
SHAREHOLDERS FUNDS
1] Capital		14.877	13.287	12.905	11.169
2] Share Application Money		0.000	0.000	0.000	0.000
3] Profit and Loss Account		0.000	0.000	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000	0.000
NETWORTH		14.877	13.287	12.905	11.169
LOAN FUNDS
1] Secured Loans		17.854	20.477	20.510	14.121
2] Unsecured Loans		0.000	0.000	0.000	0.000
TOTAL BORROWING		17.854	20.477	20.510	14.121
DEFERRED TAX LIABILITIES		0.000	0.000	0.000	0.000
TOTAL		32.731	33.764	33.415	25.290
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		4.702	5.292	5.960	6.716
Capital work-in-progress		0.000	0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	26.738	24.037	23.673	16.907
	Sundry Debtors	5.101	5.293	6.344	4.084
	Cash & Bank Balances	0.057	0.611	0.116	0.544
	Partners Current Account	2.000	2.000	0.000	0.000
	Loans & Advances	0.000	0.000	0.000	0.000
Total Current Assets		33.896	31.941	30.133	21.535
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	5.564	3.178	2.457	2.946
	Other Current Liabilities	0.000	0.000	0.000	0.000
	Provisions	0.303	0.291	0.221	0.015
Total Current Liabilities		5.867	3.469	2.678	2.961
Net Current Assets		28.029	28.472	27.455	18.574
MISCELLANEOUS EXPENSES		0.000	0.000	0.000	0.000
TOTAL		32.731	33.764	33.415	25.290

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.09.2014 [Provisional]	31.03.2014	31.03.2013
	SALES
		Sales	60.472	86.885	70.536
		Other Income	0.514	0.000	0.000
		TOTAL	60.986	86.885	70.536
Less	EXPENSES
		Cost of Goods sold	53.814	76.111	60.577
		Direct expenses	1.023	1.327	1.092
		Salaries and wages	0.787	1.255	0.897
		Farm Maintenance	0.202	0.385	0.245
		Electricity charges	0.252	0.478	0.348
		Conveyance charges	0.263	0.336	0.218
		Repairs and Maintenance	0.183	0.297	0.000
		Diesel Expenses	0.207	0.363	0.000
		Vaccination charges	0.306	0.495	0.290
		Interest on OD	1.196	1.996	3.143
		Interest on TL	0.152	0.352	0.507
		Interest on capital	0.797	1.291	1.117
		Remuneration	0.276	0.480	0.540
		Other Expenses	0.199	0.352	0.270
		TOTAL	59.657	85.518	69.244
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		1.329	1.367	1.292
Less/ Add	DEPRECIATION/ AMORTISATION		0.590	0.668	0.756
	PROFIT BEFORE TAX		0.739	0.699	0.536
Less	TAX		0.222	0.237	0.182
	PROFIT AFTER TAX		0.517	0.462	0.354

	PARTICULARS		31.03.2012
	SALES
		Sales	62.993
		Other Income	0.000
		TOTAL	62.993
Less	EXPENSES
		Cost of Goods sold	54.729
		Direct expenses	0.862
		Salaries and wages	0.864
		Farm Maintenance	0.220
		Electricity charges	0.322
		Conveyance charges	0.163
		Repairs and Maintenance	0.000
		Diesel Expenses	0.000
		Vaccination charges	0.267
		Interest on OD	0.000
		Interest on TL	0.000
		Interest on capital	0.000
		Remuneration	0.540
		Other Expenses	3.690
		TOTAL	61.657
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		1.336
Less/ Add	DEPRECIATION/ AMORTISATION		0.857
	NET PROFIT		0.479

KEY RATIOS

PARTICULARS		30.09.2014 [Provisional]	31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.85	0.53	0.50	0.76
Return on Total Assets (PBT/Total Assets}	(%)	1.91	1.88	1.49	1.70
Return on Investment (ROI) (PBT/Networth)		0.05	0.05	0.04	0.04
Debt Equity Ratio (Total Debt/Networth)		1.20	1.54	1.59	1.26
Current Ratio (Current Asset/Current Liability)		5.78	9.21	11.25	7.27

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Capital	11.169	12.905	13.287
Reserves & Surplus	0.000	0.000	0.000
Net worth	11.169	12.905	13.287
Secured loans	14.121	20.510	20.477
Unsecured loans	0.000	0.000	0.000
Total borrowings	14.121	20.510	20.477
Debt/Equity ratio	1.264	1.589	1.541

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	62.993	70.536	86.885
		11.974	23.178

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 and six months	Yes
12]	Profitability for last three years and six months	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	Yes
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	No
34]	External Agency Rating, if available	No

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

KEERTHI FARMS

COMPUTATION OF TOTAL INCOME

(RS. IN MILLIONS)

PARTICULARS	31.03.2014
PROFITS AND GAINS FROM BUSINESS AND PROFESSION			0.699
Net Profit as per Profit and Loss Account		0.699
Add:
Depreciation disallowed	0.668
Disallowed Partners Remuneration	0.480
Disallowed Partners Interest	1.290	2.438
		------------
		3.137
Less: Allowed Depreciation		0.668
		------------
		2.469
Less:
Allowed Interest	1.290
Allowed Remuneration u/s 40b [As per Calculation]	0.480	1.770
		------------
		0.699
GROSS TOTAL INCOME			0.699
TOTAL INCOME			0.699
Total Income rounded off u/s 288A			0.699
COMPUTATION OF TAX ON TOTAL INCOME
Tax on Rs. 0.699 Million @ 30%		0.210
		------------
		0.210
Add: Education Cess @ 2%		0.004
		------------
		0.214
Add: Secondary and Higher Education Cess @ 1%		0.002
		------------
		0.216
Add: Interest Payable
Interest u/s 234B	0.013
Interest u/s 234C	0.008	0.021
		------------
		0.237
Tax rounded off u/s 288B		0.237
Less: Self-Assessment Tax u/s 140A
State Bank of India – 0004329 – 16568 – 09.09.2014	0.237	0.237
		------------
TAX PAYABLE		0.000

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KEERTHI FARMS

PROJECTED BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2015 [Estimated]	31.03.2016 [Projected]	31.03.2017 [Projected]
SHAREHOLDERS FUNDS
1] Capital		17.890	21.721	24.251
2] Share Application Money		0.000	0.000	0.000
3] Profit and Loss Account		0.000	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		17.890	21.721	24.251
LOAN FUNDS
1] Secured Loans		35.000	35.000	35.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		35.000	35.000	35.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		52.890	56.721	59.251
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		4.702	4.180	3.718
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	45.000	49.500	52.000
	Sundry Debtors	4.000	4.200	5.000
	Cash & Bank Balances	0.188	0.233	0.170
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		49.188	53.933	57.170
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.500	0.550	0.600
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.500	0.842	1.037
Total Current Liabilities		1.000	1.392	1.637
Net Current Assets		48.188	52.541	55.533
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		52.890	56.721	59.251

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

KEERTHI FARMS

PROJECTED PROFIT & LOSS ACCOUNT

(RS. IN MILLIONS)

	PARTICULARS		31.03.2015 [Estimated]	31.03.2016 [Projected]	31.03.2017 [Projected]
	SALES
		Sales	127.000	140.000	155.000
		Other Income	1.000	1.100	1.210
		TOTAL	128.000	141.100	156.210
Less	EXPENSES
		Cost of Goods sold	111.036	121.375	134.500
		Direct expenses	1.500	1.650	1.800
		Salaries and wages	2.000	2.200	2.500
		Farm Maintenance	1.400	1.500	1.600
		Electricity charges	1.200	1.320	1.500
		Conveyance charges	1.000	1.100	1.300
		Repairs and Maintenance	0.200	0.220	0.240
		Diesel Expenses	0.500	0.550	0.600
		Vaccination charges	1.000	1.100	1.200
		Interest on OD	3.400	4.375	4.375
		Interest on TL	0.200	0.000	0.000
		Interest on capital	1.329	1.431	1.521
		Remuneration	0.552	0.612	0.660
		Other Expenses	0.520	0.570	0.626
		TOTAL	125.837	138.003	152.422
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		2.163	3.097	3.788
Less/ Add	DEPRECIATION/ AMORTISATION		0.590	0.522	0.462
	PROFIT BEFORE TAX		1.573	2.575	3.326
Less	TAX		0.450	0.787	0.977
	PROFIT AFTER TAX		1.123	1.788	2.349

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

SECURITIES OFFERED

(RS. IN MILLIONS)

Working Capital Limits

Rs.35.000 Millions (inclusive of existing limit of Rs.17.600 Millions)

Securities Offered

1. Residential Cum Commercial Building at H. Nos. 17-1-383/97/2, 17-1-383/97/2A, 17-1-383/97/2B and 17-1-383/97/2C on Plot No. 97/2, situated at Vinay Nagar Housing Board Colony, Saidabad, I.S. Sadan X Roads, Hyderabad. 2. Poultry Land situated at Sy.No.58, 59, 60 and 248, Nagarjuna Sagar Road, Chintalapally Guda (V), Mangalpally (V), Ibrahimpatnam (M), Ranga Reddy District, admeasuring 11 Acres 21 Guntas. 3. Agriculture Land situated at Sy. No. 321/2, 322 and 323, Kurmaidu (V and Gram. Pan), Chintalapally (M), Nalgonda District, AP, admeasuring 27 Acres 32 Guntas. 4. Agriculture Land situated at Sy. Nos. 119/A and 119/VU, Godakondla (V & Gram. Pan), Chintalapally (M), Nalgonda District, AP, admeasuring 17 Acres 06 Guntas.

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

NETWORTH STATEMENT

MR. J. RAM REDDY

(RS. IN MILLIONS)

PARTICULARS	AMOUNT IN MILLIONS
ASSETS
Commercial Building at H. No. 17-1-383/97/2, 2A, 2B and 2C, Plot No. 97/2, Vinay Nagar Housing Board Colony, Saidabad, Hyderbad, T.S. admeasuring 9051 Sq. ft. [G+2]	30.000
Investment in Keerthi Farms	3.307
Agriculture Land with Poultry Sheds at Sy. No. 119/A and 119/VU, Godakondla [V], Chinthapally [M], Nalgonda [D] Ac. 17-06 Gts.	25.000
Agriculture Land at Sy. No. 321/2, 322 and 323, Kurmaidu [V], Chinthapally [M], Nalgonda [D] Ac.7-00 Gts.	15.000
Agriculture Land with Poultry Sheds at Sy. No. 58, 59, 60 and 248, Chintapally Guda [V], Mangalpally [V] and Cross Roads, Ibrahimpatnam [M], Ranga Reddy [D] Ac. 3.07 Gts.	60.000
Cash and Bank Balance	0.500
TOTAL ASSETS	133.807

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

NETWORTH STATEMENT

MRS. J. PRAMEELA

(RS. IN MILLIONS)

PARTICULARS	AMOUNT IN MILLIONS
ASSETS
Investment in Keerthi Farms	2.338
Agriculture Land with Poultry Sheds at Sy. No. 58, 59, 60 and 248, Chintapally Guda [V], Mangalpally [V] and Cross Roads, Ibrahimpatnam [M], Ranga Reddy [D] Ac. 08-14 Gts.	100.000
Gold and Jewellery	1.250
Cash and Bank Balance	0.200
TOTAL ASSETS	103.788

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

NETWORTH STATEMENT

MRS. J. LAXMAMMA

(RS. IN MILLIONS)

PARTICULARS	AMOUNT IN MILLIONS
ASSETS
Investment in Keerthi Farms	2.933
Gold and Jewellery	1.500
Cash and Bank Balance	0.050
TOTAL ASSETS	4.483

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

NETWORTH STATEMENT

MRS. J. DEEPIKA

(RS. IN MILLIONS)

PARTICULARS	AMOUNT IN MILLIONS
ASSETS
Investment in Keerthi Farms	2.103
Gold and Jewellery	1.500
Cash and Bank Balance	0.100
TOTAL ASSETS	3.703

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

NETWORTH STATEMENT

MRS. J. ASHWINI

(RS. IN MILLIONS)

PARTICULARS	AMOUNT IN MILLIONS
ASSETS
Investment in Keerthi Farms	2.605
Gold and Jewellery	1.250
Cash and Bank Balance	0.100
TOTAL ASSETS	3.955

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

PROJECT REPORT

BRIEF:

Layers farm business is an agro-based project. Poultry egg is the main source of balancing human diet and for health, because the egg contains high value of Proteins, Minerals and Vitamins. Into days environment egg consumption has become a part of the day to day life. Due to increasing the consumption of egg in day to day life the demand for the egg is also increased. So the demand for egg in the market is high.

Consumption of feed and medicine are different and the maintenance depend on the stages i.e. Brooding Phase, Growing Phase and Laying Phase.

Specially developed breeds of egg type chicken are now available with an ability of quick growth and high feed conversion efficiency. Depending upon farm size, layer farming can be main source of family income or can provide subsidiary income and gainful employment to farmers throughout the year. Poultry manure has high fertilizer value and can be used for increasing yield of all crops.

India has made considerable progress in egg production in the last three decades. High quality chicks, equipments, vaccines and medicines are available. Technically and professional guidance is available to the farmers.

The management practices have improved and disease and mortality incidences are much reduced. Increasing assistance from central/state government and poultry corporations is being given to create infrastructural facilities so that new entrepreneurs take up this business. Layer farming has been given considerable importance in the national policy and has a good scope for further development.

FEEDING

Presently using high quality balanced feeds starter feed up to 8 weeks, grower feed up to 12 weeks and layer feed up to 60 weeks, and which is manufactured with the help of our own mixing plant. With the proper experienced persons, the feed is prepared. Birds are always provided with fresh and clean drinking water, water is available at the farm.

Well experienced doctors are available at the farm for watching early signs of disease for its timely treatment before it flares up in a big way. Constant and steady demand for eggs is available in the market which is near to farm.

STRENGTHS

Hatcheries produce almost all commercial breeds of chicks that are available in America and Europe.

The annual turnover of the veterinary pharmaceutical industry is estimated to be Rs.75000 million, indicating the presence of a vital support service to ensure sound health of the birds in the country. The growing 40000 veterinary hospitals/dispensaries/first aid centers - supports livestock production with better health care for poultry.

Strong Distribution Network: Eight states account for the total egg production in India. They are Andhra Pradesh, Gujarat, Haryana, Karnataka, Maharashtra, Punjab, Tamil Nadu and West Bengal. Andhra Pradesh is the largest egg producing state accounting for one-third of the country’s entire output. In broiler production, one district of Tamilnadu alone accounts for more than 30 percent of the total production. These states have very good connectivity within the state and to the other potential markets. Feed requirements are comfortable in these states.

WEAKNESSES

Even though tremendous progress has been made in developing diagnostics and vaccines, serious problems still exist because of the lack of adequate infrastructure for disease surveillance and monitoring.

Bird Flu and other bio security issues are very prevalent and it will have very severe impact on consumption level in the domestic sector and also export potential

OPPORTUNITIES

As far as availability of equipment is concerned, India is self-sufficient in all basic equipment required for rearing and breeding poultry.

Amazing growth in Poultry Industry has been possible due to several breakthroughs in poultry science and technology which has led to development of genetically superior birds capable of high production, even under adverse hot climate. Manufacture of high-tech poultry equipment’s, quality poultry feed, pharmaceuticals and health care products including vaccines are some of the important factors contributing to higher productivity. Currently, more than 85 percent of total egg production and 60 percent of broiler production are from improved poultry birds in the organized sector.

JUSTIFICATION FOR ADDITIONAL WORKING CAPITAL LIMITS:

Keerthi Farms is owning layer sheds with a capacity of 105,000 birds at Chintalapally Guda (V), Near Adibatla, Ibrahimpatanam, Hyderabad and also owning growers sheds at Godukondla (V), Chintapally (M), Nalgonda District with a capacity of 105,000 lacs birds.

Normally grower sheds are used to grow chicks of day 1 to 12 weeks. After 12 weeks they are shifted to layer farms. There is a capacity of 105,000 growers and the firm is having capacity of 105,000 layers. Hence the grower shed is idle for above 40 weeks. Hence the firm is proposed to use this additional capacity and selling grower birds of 12 week old. By doing so, the firm can produce 3 batches for commercial purpose. Hence the firm is in requirement of additional working capital for grower farms and also additional working capital for layer farms as the input costs are gone up.

WORKING CAPITAL CALCULATIONS:

PARTICULARS	AMOUNT IN MILLIONS
Layer (1,05,000 birds) Amount to be incurred on birds up to date of laying
Rs.200/- X 1,05,000	21.000
Grower (1,05,000 birds) Amount to be incurred on grower up to 12 weeks
Rs.124/- X 1,05,000	13.000
Stock of Feed for 3 months	11.000
	-----------------
	45.000
Receivables	4.000
	-----------------
	49.000
Working Capital limits requested	35.000
	-----------------
Balance partners contribution	14.000

ANNEXURE - I

Constructed of 5 Layer Sheds of feed plant, feed godown, Labour quarters etc. at Sy.No.58, 59, 60 and 248 at Chintapallyguda (V), NargarjunaSagar Road, Mangalpally (V), Ibrahimpatnam (M), Ranga Reddy District.

SR. NO.	PARTICULARS	SPECIFICATIONS
1	Layer Shed No.1	Size of shed: 14,440 SFT
	Layer Shed No.2	Size of shed: 14,440 SFT
	Layer Shed No.3	Size of shed: 14,440 SFT
	Layer Shed No.4	Size of shed: 14,440 SFT
	Layer Shed No.5	Size of shed: 14,440 SFT
	Feeding Shed	Size of shed: 3,525 SFT
	Labour quarters	Size of shed: 2,425 SFT
	RCC Building	Size of shed: GF 2,295 SFT & FF 990 SFT
2	Extent of Land	Ac11-21 gts

Existing of 3 Layer Sheds of Labour quarters at Sy.No.119/A and 119/VU at Godakondla (V), Chintapally (M), Nalgonda District, Telangana.

SR. NO.	PARTICULARS	SPECIFICATIONS
1	Layer Shed No.1	Size of shed: 13,920 SFT
	Layer Shed No.2	Size of shed: 13,920 SFT
	Layer Shed No.3	Size of shed: 13,920 SFT
2	Extent of Land	Ac 17-06 Gts

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

VALUATION REPORT

(GENERAL DETAILS)

Purpose of which the valuation is made

Bank of India

Dilsuknagar Branch

Valuation requested by

Manager

Bank of India, Dilsuknagar

Date of Inspection

10.11.2014

Date on which the valuation is made

15.11.2014

List of Documents produced for perusal

1) Copy of sale deed vide doct no 557/94 dated 08.03.1994. Extent – Ac 1-15 gts in the name of J. Ram Reddy.

2) Copy of sale deed vide doct no 558/94 dated 08.03.1994. extent – Ac 1-26 gts in the name of J. Prameela

3) Copy of sale deed vide doct no 3280/2011 – sold 300 sq. yards

4) Copy of sale deed vide doct no 559/94 dated 08.03.1994. Extent – Ac 2-00 gts in the name of J. Ram Reddy.

5) Copy of sale deed vide doct no 825/94 dated 22.04.1994. Extent – Ac 0-18 gts in the name of J. Prameela

6) Copy of sale deed vide doct no 412/97 dated 19.03.1997. Extent – Ac 0-18 gts in the name of J. Prameela

7) Copy of sale deed vide doct no 2026/94 dated 30.08.1994. Extent – Ac 0-28 gts in the name of J. Prameela

8) Copy of sale deed vide doct no 9710/95 dated 28.09.1995. Extent – Ac 5-00 gts in the name of J. Prameela

9) Copy of proceedings letter dated 02.03.1998 issued by Ramdaspally Gram Panchayat for Poultry Sheds.

10) Copy of approved plan dated 29.04.2011 issued by Ramdaspally Gram Panchayat for residence quarters.

[All the above Xerox copy are perused and returned herewith]

Scope of Valuation

Existing areas

Shed 1: 10730 Sq. ft.

Shed 2: 13125 Sq. ft.

Shed 3: 14535 Sq. ft.

Shed 4: 16362 Sq. ft.

Shed 5: 16362 Sq. ft.

Feeding Shed: 3525 Sq. ft.

RCC building: GF : 2295 Sq. ft., FF : 990 Sq. ft.

Labour Quarters: 451 Sq. ft.

Note:

Shed 1, Shed 2 and labour quarters existing areas are less than the permitted areas. Hence existing areas of Shed 1, Shed 2 and labour quarters are considered for valuation.

Note:

Feeding Shed and RCC building are unauthorised. Hence not considered for valuation.

Extent of Land: Ac 11 – 21 gts

Less: Sold land 0.06 gts / 300 Sq. yds.

Net Area: Ac 11 – 20.94 gts

Structures: Sheds, labour quarters, feeding shed etc.

Year of construction: 1998

Permitted Plinth areas:

Shed 1: 14440 Sq. ft.

Shed 2: 14440 Sq. ft.

Shed 3: 14440 Sq. ft.

Shed 4: 14440 Sq. ft.

Shed 5: 14440 Sq. ft.

Labour Quarters: 2425.5 Sq. ft.

Age of the building: 15 Years

Residual life of the building: Sheds: (50 Years – 15 Years) = 35 Years

RCC building: (80 Years - 15 Years) = 65 Years

Present/ Expected Rent from the property

Rs. 0.050 Million

Inspection was conducted in the presence of

Along with owner’s representative

Name of the Owner(s) and his/her address with phone no. [Details of share of each owner in case of joint ownership]

Mr. J. Ram Reddy S/o J. Chandra Reddy

Mrs. J. Prameela W/o J. Ram Reddy

Brief Description of the property

It is an open land with 5 poultry sheds, labour quarters, feeding shed and RCC building with GF and FF. There is compound wall to the two sides and fencing is there to the remaining part of boundary. The site is near Indus Engineering College. The site is located at Mangalpally ‘X’ roads and abuts Sagar Highway. There are bore wells in the said property. The Said property is inspected along with owners representative.

Poultry sheds 1 to 5 are [Layer Shed]: Ridge type ACC sheet shed supported on Iron pillars with C.C. Flooring.

Labour Quarters: Load bearing structure with ACC sheet roof and Shabad flooring.

Feeding shed with load bearing structure with ACC sheet roof and cement flooring.

RCC building GF – Godown; FF – Office; RCC framed structure with RCC roof and shahbad flooring in GF and polish stone in FF.

Location of the property

Plot No. / Survey No.

Sy. No. 58, 59, 60 and 248

Door No.

--

T.S. No. / Village/ Colony

Nagarjuna Sagar Road

House number

Chintapallyguda Village

Mandal/ District

Mangalpally Village ‘X’ roads, Ramdaspally Gram Panchayat, Ibrahimpatan Mandal, Ranga Reddy District

Postal Address of the property

Sy. No. 58, 59, 60 and 248, Nagarjuna Sagar Road, Chintapallyguda Village, Mangalpally Village ‘X’ roads, Ramdaspally Gram Panchayat, Ibrahimpatan Mandal, Ranga Reddy District

City/ Town

Residential

Commercial Area

Industrial Area

Village

Developing

--

--

Classification of the area

High/ Middle/ Poor

Urban/ Sub Urban/ Rural

Middle Class

Urban

Coming under corporation limit/ Village Panchayat/ Municipality

Ramdaspally Gram Panchayat

Permit No.

Proceedings letter dated 02.03.1998 issued by Ramdaspally Gram Panchayat for poultry sheds.

Approved plan dated 29.04.2011 issued by Ramdaspally Gram Panchayat for residence quarters.

Whether covered under any State/ Central Government enactments [e.g. Urban Land Ceiling Act] or notified under agency area Scheduled area / cantonment area.

No

Boundaries of the property

As per deed doct no. 557/94

North	Polandri Vagu
South	Hyderabad to Nagarjuna Sagar Road
East	Land belongs to Laxma Reddy and others
West	Land belongs to K.V. Kishan Rao

As per deed doct no. 558/94

North	Portion of Sy. No. 60 and Polandri Vagu
South	Neighbours property
East	Portion of Sy. No. 58
West	Neighbours property Mangalpally Village

As per deed doct no. 559/94

North	Nala or Polandri Vagu
South	Road leading to Hyderabad to Nagarjuna Sagar Road and Portion of Sy. No. 59
East	Portion of Sy. No. 58 belonging to J. Ram Reddy
West	Portion of Sy. No. 59 and 60

As per deed doct no. 825/94

North	Vagu
South	Neighbours lands
East	Neighbours lands Sq. nos. 59 and 60
West	Sy. No. 248 part

As per deed doct no. 412/97

North	Sy. No. 59 Chinthapallyguda
South	Road
East	Sy. No. 58 Chinthapallyguda
West	Sy. No. 248 part

As per deed doct no. 2026/94

North	Land of J. Prameela
South	Road and Owners land Hyderabad – N. Sagar
East	Land of J. Ram Reddy
West	Road

As per deed doct no. 9710/95

North	Sy. No. 58 and 59 of Chinthapallyguda
South	Sagar road
East	Sy. No. 58 Chinthapallyguda
West	Part of Sy. No 248

As per existing

North	Nala
South	Sugar Road
East	Neighbours land
West	Village houses

Extent of site

As per deed

Net Area: Ac – 11 – 20.94 gts

Dimensions

North

South

East

West

Irregular

--

--

--

--

Extent of the site considered for valuation

Ac 11 – 20.94 gts

Whether occupied by the owner / tenant? Since how long?

Owner

Rent received per month

--

CHARACTERISTICS OF THE SITE

Classification of locality

Middle

Development of surrounding area

Developing

Possibility of frequent flooding

No

Feasibility to the Civic amenities like School, Hospital, Bus stop, Market etc.

Within a distance of 2 km

Level of land with Teopograpical condition

Leveled Land

Shape of Land

Irregular

Type of use to which it can be put

Poultry Sheds

Any use of restriction

No

Is plot in Town Planning approved layout

Yes

Corner plot or Intermittent plot

Intermittent plot

Road facilities

Available

Type of road available at present

B.T. Road

Width of road is it below 20 Ft. or more than 20 Ft.

More than 20’ wide road

Is it a Land-Locked Land?

No

Water Potentially

Available

Underground sewerage system

--

Power supply is available in the site

Available

Advantages of the site

Abuts Hyderabad to Nagarjuna Sagar Main road

General remarks, if any

--

Guideline rate obtained from the Registrar’s Office [an evidence thereof to be enclosed]

[Ac 11 – 20.94 gts @ Rs. 1000000/- per acre]

Rs. 1000000/- per acre

Rs. 11.523 Millions as per Government Land Value

5 Sheds and Labour qtrs. [67626 Sq. ft. x Rs. 250/-]

Rs. 16.907 Millions

Total Government value of the property incl. sheds

Rs. 28.430 Millions

Assessed / adopted rate of valuation

Rs. 12000000/- per acre

Estimate value of land

Ac 11 – 20.94 gts x Rs. 12000000/-

Rs. 138.282 Millions

DETAILS OF VALUATION

LAND

Land	Ac 11 – 20.94 gts
Rate	Rs. 12000000/- per acre
Value of Land Ac 11 – 20.94 gts @ Rs. 12000000/- per acre	Rs. 138.282 Millions

PERMITTED

Total Area of 5 sheds and Labour quarters	67626 Sq. ft.
Rate	Rs. 250/- per Sq. ft.
Value of 5 Sheds and Labour quarters [67626 Sq. ft. x Rs. 250/-]	Rs. 16.907 Millions

TOTAL ABSTRACT OF THE ENTIRE PROPERTY

Part A Land Value	Rs. 138.282 Millions
Part B Building	Rs. 16.907 Millions
Part C Amenities	Rs. 0.500 Million
	------------------------------------------
	Rs. 155.689 Millions

FAIR MARKET VALUE AS ON 15.11.2014

RS. 155.689 MILLIONS

The Distress value of Forced sale value for the said property could be due to various factors like location in Developed Residential area, condition of the building, Maintenance, accessibility, sentimental reasons, Vasthu conditions, shape of land and other factors etc. Keeping in view of the above few facts 20% less than Fair Market Value.

THE DISTRESS VALUE, AS ON 15.11.2014 [80%]

RS. 124.551 MILLIONS

GOVERNMENT VALUE OF THE PROPERTY

RS. 28.430 MILLIONS

TECHNICAL DETAILS

PART B

Type of Building

[Residential / Commercial / Industrial]

Poultry sheds and RCC building

Type of construction

[Load bearing / RCC / Steel framed]

RCC columns with ACC sheet roof

Iron pillars ridge type ACC sheet sheds

RCC building

Year of construction

1998

Number of floors and height of each floor including basement, if any

Sheds – height 18’

--

Plinth area of floor wise

--

Condition of the building

--

Exterior – Excellent, Good, Normal, Poor

Interior – Excellent, Good, Normal, Poor

Normal

Normal

Specifications

--

SHEDS

Foundations and Basement

ACC sheet roof

CRS masonry and RCC footings

Super Structure

Brick in CM

Plastering

Sponge finish

Flooring

Cement flooring, polish stone, shahbad etc.

Roof, staircase etc.

--

Doors

--

Windows

--

Services

--

Electrical

--

Sanitary

--

Water Supply

--

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

VALUATION REPORT

(GENERAL DETAILS)

Purpose of which the valuation is made

Bank of India

Dilsuknagar Branch

Valuation requested by

Manager

Bank of India, Dilsuknagar

Date of Inspection

10.11.2014

Date on which the valuation is made

15.11.2014

List of Documents produced for perusal

1) Copy of sale deed vide doct no 4170/2005 dated 26.09.2005. Extent – Ac 10-06 gts.

2) Copy of sale deed vide doct no 4171/2005 dated 26.09.2005. Extent – Ac 7-00 gts.

3) Copy of gift deed vide doct no 4832/2009 dated 25.07.2009. Extent Ac 2-10 gts in the name of Mrs. G. Deepika

4) Copy of gift deed vide doct no 4833/2009 dated 25.07.2009. Extent – Ac 2-00 gts in the name of Mrs. Ch. Ashwini.

5) Copy of approved plan vide proceedings number GP/05/2006 dated 04.02.2006 issued by Godakondla Gram Panchayat for Sheds.

[All the Xerox copy are perused and returned herewith]

Scope of Valuation

Existing areas

Shed 1: 16320 Sq. ft.

Shed 2: 16320 Sq. ft.

Shed 3: 16320 Sq. ft.

Total: 48960 Sq. ft.

Extent of Land: Ac 17 - 06 gts

Structures: 3 Sheds

Year of construction: 2006

Permitted Plinth areas:

Shed 1: 13920 Sq. ft.

Shed 2: 13920 Sq. ft.

Shed 3: 13920 Sq. ft.

Total: 41760 Sq. ft.

Age of the building: 8 Years

Residual life of the building: (50 Years – 8 Years) = 42 Years

Present/ Expected Rent from the property

Rs. 0.030 Million

Inspection was conducted in the presence of

Along with owner’s representative

Name of the Owner(s) and his/her address with phone no. [Details of share of each owner in case of joint ownership]

Mr. J. Ram Reddy

S/o J. Chandra Reddy

and others

Brief Description of the property

It is an open land with 3 poultry sheds and labour quarters. There is Papayya crop in some part of the land. There is fencing to the entire land. The site is around 2 km from Mall Village. There are bore wells in the said property. The said property is inspected along with owners representative.

Location of the property

Plot No. / Survey No.

Sy. No. 119/A and 119/VU

Door No.

--

T.S. No. / Village/ Colony

Godakondla Village and Gram Panchayat

House number

Chintapally Mandal

Mandal/ District

Nalgonda District

Postal Address of the property

Sy. No. 119/A and 119/VU, Godakondla Village and Gram Panchayat, Chintapally Mandal, Nalgonda District

City/ Town

Residential

Commercial Area

Industrial Area

Village

Agricultural Area

--

--

Classification of the area

High/ Middle/ Poor

Urban/ Sub Urban/ Rural

Middle Class

Urban

Coming under corporation limit/ Village Panchayat/ Municipality

Godakondla Gram Panchayat

Permit No.

Proceedings number GP/05/2006 dated 04.02.2005 issued by Godakondla Gram Panchayat for Sheds.

Whether covered under any State/ Central Government enactments [e.g. Urban Land Ceiling Act] or notified under agency area Scheduled area / cantonment area.

No

Boundaries of the property

As per deed doct no. 4170/2005

North	Land of J. Ram Reddy and B. Balamma
South	Forest land
East	Land of B. Jangaiah and others
West	Land of D. Sailu

As per deed doct no. 4171/2005

North	Donka
South	Land of J. Ram Reddy
East	Land of Vanam Pullamma
West	Land of B. Balamma

Extent of site

As per deed

Extent of Land: Ac 17 – 06 gts

Dimensions

North

South

East

West

Irregular

--

--

--

--

Extent of the site considered for valuation

Ac 17 – 06 gts

Whether occupied by the owner / tenant? Since how long?

Open land

Rent received per month

--

CHARACTERISTICS OF THE SITE

Classification of locality

Agricultural

Development of surrounding area

Not developed

Possibility of frequent flooding

No

Feasibility to the Civic amenities like School, Hospital, Bus stop, Market etc.

Within a distance of 2 km

Level of land with Teopograpical condition

Leveled Land

Shape of Land

Irregular

Type of use to which it can be put

Poultry Sheds and agricultural

Any use of restriction

No

Is plot in Town Planning approved layout

Yes

Corner plot or Intermittent plot

Intermittent plot

Road facilities

Available

Type of road available at present

Mud Road

Width of road is it below 20 Ft. or more than 20 Ft.

More than 20’ wide road

Is it a Land-Locked Land?

No

Water Potentially

Available

Underground sewerage system

Not Available

Power supply is available in the site

Available

Advantages of the site

--

General remarks, if any

--

Guideline rate obtained from the Registrar’s Office [an evidence thereof to be enclosed]

[Ac 17 - 06 gts @ Rs. 150000/- per acre]

Rs. 150000/- per acre

Rs. 2.573 Millions as per Government Land Value

3 Sheds [41760 Sq. ft. x Rs. 265/-]

Rs. 11.066 Millions

Total Government value of the property incl. sheds

Rs. 13.639 Millions or say Rs. 13.640 Millions

Assessed / adopted rate of valuation

Rs. 500000/- per acre

Estimate value of land

Ac 17 – 06 gts x Rs. 500000/-

Rs. 8.575 Millions

DETAILS OF VALUATION

LAND

Land	Ac 17 - 06 gts
Rate	Rs. 500000/- per acre
Value of Land Ac 17 – 06 gts @ Rs. 500000/- per acre	Rs. 8.575 Millions

PERMITTED

Total Area of 3 sheds	41760 Sq. ft.
Rate	Rs. 300/- per Sq. ft.
Value of 3 Sheds [41760 Sq. ft. x Rs. 300/-]	Rs. 12.528 Millions

TOTAL ABSTRACT OF THE ENTIRE PROPERTY

Part A Land Value	Rs. 8.575 Millions
Part B Building	Rs. 12.528 Millions
Part C Amenities	Rs. 0.400 Million
	------------------------------------------
	Rs. 21.503 Millions

FAIR MARKET VALUE AS ON 15.11.2014

RS. 21.503 MILLIONS

The Distress value of Forced sale value for the said property could be due to various factors like location in Developed Residential area, condition of the building, Maintenance, accessibility, sentimental reasons, Vasthu conditions, shape of land and other factors etc. Keeping in view of the above few facts 20% less than Fair Market Value.

THE DISTRESS VALUE, AS ON 15.11.2014 [80%]

RS. 17.200 MILLIONS

GOVERNMENT VALUE OF THE PROPERTY

RS. 13.640 MILLIONS

TECHNICAL DETAILS

PART B

Type of Building

[Residential / Commercial / Industrial]

Poultry sheds

Type of construction

[Load bearing / RCC / Steel framed]

RCC columns with ACC sheet roof

Year of construction

2006

Number of floors and height of each floor including basement, if any

Sheds – height 18’

--

Plinth area of floor wise

Each shed – 13920 Sq. ft. – permitted

Condition of the building

Exterior – Excellent, Good, Normal, Poor

Interior – Excellent, Good, Normal, Poor

Normal

Normal

Specifications

--

SHEDS

Foundations and Basement

ACC sheet roof

CRS masonry and RCC footings

Super Structure

Brick in CM

Plastering

Sponge finish

Flooring

Cement flooring

Roof, staircase etc.

--

Doors

--

Windows

--

Services

--

Electrical

--

Sanitary

--

Water Supply

--

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

VALUATION REPORT

(GENERAL DETAILS)

Purpose of which the valuation is made

Bank of India

Valuation requested by

Manager

Bank of India, Dilsuknagar Branch

Date of Inspection

11.11.2014

Date on which the valuation is made

15.11.2014

List of Documents produced for perusal

1) Copy of Deed of Release and Relinquishment vide doct no. 4419/2010 dated 18.09.2010 in favour of Mr. J. Ram Reddy at SRO Azampura

2) Copy of Approved Plan vide permit no. 113/22 of 1999, File no. 383/97/2/1/17/98 dated 08.01.1999 issued by Commissioner, MCH for GF, FF and SF

[All the above Xerox copy are perused and returned herewith]

Scope of Valuation

Existing areas

Cellar: 1720 Sq. ft.

GF: 1932 Sq. ft.

FF: 1932 Sq. ft.

SF: 1932 Sq. ft.

TF: 1535 Sq. ft.

Total: 9051 Sq. ft.

Note:

Cellar and Third floor are unauthorized floors. Hence permitted area of GF, FF and SF are considered for valuation.

Extent of Land: 364 sq. yds / 304 Sq. mt.

Structures: Cellar, GF, FF, SF and TF

Year of construction: 2000

Permitted Plinth areas:

Ground floor: 122.89 Sq. mt. / 1323 Sq. ft.

First floor: 122.89 Sq. mt. / 1323 Sq. ft.

Second floor: 122.89 Sq. mt. / 1323 Sq. ft.

Total: 368.67 Sq. mt. / 3969 Sq. ft.

Age of the building: 14 Years

Residual life of the building: (80 Years – 14 Years) = 66 Years

Present/ Expected Rent from the property

Rs. 0.050 Million [GF, FF and SF]

Inspection was conducted in the presence of

Owner

Name of the Owner(s) and his/her address with phone no. [Details of share of each owner in case of joint ownership]

Mr. J. Ram Reddy

S/o J. Chandra Reddy

Brief Description of the property

It is an independent commercial and residential building with Cellar, Ground, First, Second and Third floors. Cellar has parking and 3 commercial shops. GF is given for rent to A.S. Brothers. FF is vacant. SF is given for rent to College. TF is occupied by owner and there is one 3 bedroom portion. Third floor is well furnished with wardrobes and Modular kitchen. The site is located in well-developed commercial area at IS Sadan X roads and is opposite to Ranga Reddy College and is beside Gokul Junior College.

Location of the property

Plot No. / Survey No.

H. Nos. 17-1-383/97/2, 17-1-383/97/2A, 17-1-383/97/2B and 17-1-383/97/2C, Plot No. 97/2

Door No.

--

T.S. No. / Village/ Colony

Vinay Nagar Housing Board Colony, Saidabad

House number

I.S. Sadan X Roads

Mandal/ District

Hyderabad

Postal Address of the property

H. Nos. 17-1-383/97/2, 17-1-383/97/2A, 17-1-383/97/2B and 17-1-383/97/2C, Plot No. 97/2, Vinay Nagar Housing Board Colony, Saidabad, I.S. Sadan X Roads, Hyderabad

City/ Town

Residential

Commercial Area

Industrial Area

City

--

Commercial Area

--

Classification of the area

High/ Middle/ Poor

Urban/ Sub Urban/ Rural

Middle Class

Urban

Coming under corporation limit/ Village Panchayat/ Municipality

GHMC limits

Permit No.

Approved / Sanctioned Plan

Approved Plan vide permit no. 113/22 of 1999, File No. 383/97/2/1/17/98 dated 8-1-1999 issued by commissioner, MCH for GF, FF and SF.

Whether covered under any State/ Central Government enactments [e.g. Urban Land Ceiling Act] or notified under agency area Scheduled area / cantonment area.

No

Boundaries of the property

As per deed

North	House on Plot No. 97/1
South	House on Plot No. 98
East	House on Plot No. 97/3
West	Road

Present Boundaries of the property

Existing

North	Hotel Sweekar
South	Gokul Junior College
East	Neighbours property
West	80’ wide BT Road

Extent of site

As per deed

As per Sanctioned Plan

As per physical measurement

364 Sq. yds

364 Sq. yds

364 Sq. yds

Extent of the site considered for valuation

364 Sq. yds

Whether occupied by the owner / tenant? Since how long?

TF – Owner, FF – Vacant, Others - Tenant

Rent received per month

Rs. 0.050 Million

CHARACTERISTICS OF THE SITE

Classification of locality

Middle Class

Development of surrounding area

Well Developed commercial area

Possibility of frequent flooding

No

Feasibility to the Civic amenities like School, Hospital, Bus stop, Market etc.

Within a distance of 1 km

Level of land with Teopograpical condition

Leveled Land

Shape of Land

Rectangular in shape

Type of use to which it can be put

Commercial area

Any use of restriction

No

Is plot in Town Planning approved layout

--

Corner plot or Intermittent plot

Intermittent plot

Road facilities

Available

Type of road available at present

B T Road

Width of road is it below 20 Ft. or more than 20 Ft.

80’ wide road

Is it a Land-Locked Land?

No

Water Potentially

Available

Underground sewerage system

Provided

Power supply is available in the site

Yes

Advantages of the site

--

General remarks, if any

Nil

Guideline rate obtained from the Registrar’s Office [an evidence thereof to be enclosed]

[364 Sq. yds. @ Rs. 25000/- per Sq. yds.]

Rs. 25000/- per Sq. Yards, dated 01.04.2013

Rs. 9.100 Millions as per Government Land Value

Building [3969 Sq. ft. x Rs. 672/-]

Rs. 2.667 Millions

Total Government value of the property incl. sheds

Rs. 11.767 Millions or say Rs. 11.767 Millions

Assessed / adopted rate of valuation

Rs. 70000/- to Rs. 75000/- per sq. yds.

Rs. 70000/- per sq. yds.

Estimate value of land

[364 sq. yds. @ Rs. 70000/- per sq. yds.]

Rs. 25.480 Millions

DETAILS OF VALUATION

PERMITTED

Area in GF, FF and SF	3969 Sq. ft.
Rate	Rs. 650/- per Sq. ft. [after depreciation]
	-----------------------------------------------------------------
Value of the building [3969 Sq. ft. x Rs. 650/-]	Rs. 2.580 Millions

EXISTING VALUE OF THE PROPERTY

Area in Cellar, GF, FF, SF and TF	9051 Sq. ft.
Rate	Rs. 500/- Cellar, Rs. 650/- per Sq. ft.
Value of Cellar [1720 Sq. ft. x Rs. 500/-]	Rs. 0.860 Million
Value of GF, FF, SF and TF [7331 Sq. ft. x Rs. 650/-]	Rs. 4.765 Millions
	---------------------------------------------------------------
Total	Rs. 5.625 Millions

Part A Land Value	Rs. 25.480 Millions
Part B Building	Rs. 5.625 Millions
Part C Amenities	Rs. 0.200 Million
	------------------------------------------
Total Existing value of the property	Rs. 31.305 Millions

TOTAL ABSTRACT OF THE ENTIRE PROPERTY

Part A Land Value	Rs. 25.480 Millions
Part B Building [GF and FF]	Rs. 2.580 Millions
Part C Amenities	Rs. 0.200 Million
	------------------------------------------
	Rs. 28.260 Millions

FAIR MARKET VALUE AS ON 15.11.2014

RS. 28.260 MILLIONS

The Distress value of Forced sale value for the said property could be due to various factors like location in Developed Residential area, condition of the building, Maintenance, accessibility, sentimental reasons, Vasthu conditions, shape of land and other factors etc. Keeping in view of the above few facts 20% less than Fair Market Value.

THE DISTRESS VALUE, AS ON 15.11.2014 [80%]

RS. 22.600 MILLIONS

GOVERNMENT VALUE OF THE PROPERTY

RS. 11.767 MILLIONS

TECHNICAL DETAILS

PART B

Type of Building

[Residential / Commercial / Industrial]

Commercial and Residential

Type of construction

[Load bearing / RCC / Steel framed]

RCC Framed Structure Building

Year of construction

2000

Number of floors and height of each floor including basement, if any

Cellar – 9’, GF, FF, SF and TF – 10’

Plinth area of floor wise – permitted

Ground floor: 122.89 Sq. Mt/ 1323 Sq. ft.

First floor: 122.89 Sq. Mt/ 1323 Sq. ft.

Second floor: 122.89 Sq. Mt/ 1323 Sq. ft.

Total: 368.67 Sq. Mt./ 3969 Sq. ft.

Condition of the building

Exterior – Excellent, Good, Normal, Poor

Interior – Excellent, Good, Normal, Poor

Good

Good

Specifications:

Foundations and Basement

RCC Footing and CRS masonry

Super Structure

Brick Masonry in CM

Plastering

In CM

Flooring

GF: Vitrified Tiles, FF, SF and TF: Marble

Roof, staircase etc.

RCC [1:2:4]

Doors

Teak Wood

Windows

Teak Wood

Services

Bore well with motor, sump with motor, compound wall with gate etc.

Electrical

Good quality

Sanitary

HMWWSSB

Water Supply

Bore well with motor

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

VALUATION REPORT

(GENERAL DETAILS)

Purpose of which the valuation is made

O D Security

Valuation requested by

Manager

Bank of India, Dilsuknagar Branch

Date of Inspection

30.11.2014

Date on which the valuation is made

01.12.2014

List of Documents produced for perusal

1) Copy of Sale Deed vide doct no. 5158/2001 dated 23.10.2001 at SRO Devarakonda Valued as per deed at Rs. 0.167 Million. Extent Ac 20-32 gts, in the name of Mrs. J. Pramila

2) Copy of Sale Deed vide doct no. 5156/2001 dated 23.10.2001 at SRO Devarakonda. Valued as per deed at Rs. 0.140 Million. Extent Ac 7 – 00 gts in the name of Mr. J. Ram Reddy.

[All the above Xerox copy are perused and returned herewith]

Scope of Valuation

Extent of Land: Ac 20.32 gts

Extent of Land: Ac 07.00 gts

Total Land area: Ac 27.32 gts

Year of construction:

Permitted Plinth areas:

Age of the building: --

Residual life of the building:

Present/ Expected Rent from the property

--

Inspection was conducted in the presence of

Along with owners representative

Name of the Owner(s) and his/her address with phone no. [Details of share of each owner in case of joint ownership]

Mrs. J. Pramila w/o. Mr. Ram Reddy

Mr. J. Ram Reddy S/o J. Chandra Reddy

Brief Description of the property

It is an agricultural land. There are Mango trees and Guava trees in some part of the land. There is Papayya plantation in some part of the land. There are 3 rooms also. There is fencing to the entire land. The site is around 1 km from Kurmaidu Village. There are 5 bore wells and one Transformer in the said property. The said property is inspected along with owners representative.

Location of the property

Plot No. / Survey No.

Sy no. 321/2, 322 and 323

Door No.

--

T.S. No. / Village/ Colony

Kurmaidu Village and Grampanchayath

House number

Chintapally Mandal

Mandal/ District

Nalgonda District

Postal Address of the property

Sy no. 321/2, 322 and 323, Kurmaidu Village and Grampanchayath, Chintapally Mandal, Nalgonda District

City/ Town

Residential

Commercial Area

Industrial Area

Village

Agricultural Area

--

--

Classification of the area

High/ Middle/ Poor

Urban/ Sub Urban/ Rural

Middle Class

Rural

Coming under corporation limit/ Village Panchayat/ Municipality

Kurmaidu Gram Panchayath

Permit No.

--

Whether covered under any State/ Central Government enactments [e.g. Urban Land Ceiling Act] or notified under agency area Scheduled area / cantonment area.

No

Boundaries of the property

Doct. No. 5158/2001

North	Donka
South	Land of J. Ram Reddy in Sy. No. 321/2
East	Land Sy. No. 324
West	Land in Sy. No. 319

Doct. No. 5156/2001

North	Land in Sy. Nos. 322 and 323
South	Land in Sy. No. 321/1
East	Land in Sy. No. 328
West	Land of J. Ashwini

Extent of site

As per deed

Extent of land: Ac 20.32 gts

Extent of land: Ac 07.00 gts

Total land area: Ac 27.32 gts

Dimensions

North

South

East

West

Irregular

--

--

--

--

Extent of the site considered for valuation

Ac 27-32 gts

Whether occupied by the owner / tenant? Since how long?

--

Rent received per month

--

CHARACTERISTICS OF THE SITE

Classification of locality

Agricultural

Development of surrounding area

Agricultural

Possibility of frequent flooding

No

Feasibility to the Civic amenities like School, Hospital, Bus stop, Market etc.

Within a distance of 1 km

Level of land with Teopograpical condition

Leveled Land

Shape of Land

Irregular

Type of use to which it can be put

Agricultural area

Any use of restriction

No

Is plot in Town Planning approved layout

Yes

Corner plot or Intermittent plot

Intermittent plot

Road facilities

Available

Type of road available at present

Mud Road

Width of road is it below 20 Ft. or more than 20 Ft.

More than 20’ wide road

Is it a Land-Locked Land?

No

Water Potentially

Available

Underground sewerage system

Not Available

Power supply is available in the site

Available

Advantages of the site

--

General remarks, if any

--

Guideline rate obtained from the Registrar’s Office [an evidence thereof to be enclosed]

[Ac 27.32 gts @ Rs. 70000/- per acre]

Rs. 1.946 Millions as per Government Land Value

Assessed / adopted rate of valuation

Rs. 350000/- per acre

Estimate value of land

Ac 27.32 gts x Rs. 350000/- = Rs. 9.730 Millions

DETAILS OF VALUATION

LAND

Land	Ac 27-32 gts
Rate	Rs. 350000/- per acre
	-----------------------------------------------------------------
Value of the building [Ac 27-32 gts @ Rs. 350000/- per acre]	Rs. 9.730 Millions

TOTAL ABSTRACT OF THE ENTIRE PROPERTY

Part A Land Value	Rs. 9.730 Millions
Part B Amenities [5 Bores and Transformer]	Rs. 0.350 Million
	------------------------------------------
Total	Rs. 10.080 Millions

FAIR MARKET VALUE AS ON 01.12.2014

RS. 10.080 MILLIONS

The Distress value of Forced sale value for the said property could be due to various factors like location in Developed Residential area, condition of the building, Maintenance, accessibility, sentimental reasons, Vasthu conditions, shape of land and other factors etc. Keeping in view of the above few facts 20% less than Fair Market Value.

THE DISTRESS VALUE, AS ON 01.12.2014 [80%]

RS. 8.064 MILLIONS

GOVERNMENT VALUE OF THE PROPERTY

RS. 1.946 MILLIONS

TECHNICAL DETAILS

PART B

Type of Building

[Residential / Commercial / Industrial]

--

Type of construction

[Load bearing / RCC / Steel framed]

--

Year of construction

--

Number of floors and height of each floor including basement, if any

--

Plinth area of floor wise – permitted

--

Condition of the building

Exterior – Excellent, Good, Normal, Poor

Interior – Excellent, Good, Normal, Poor

--

--

Specifications

--

Foundations and Basement

--

Super Structure

--

Plastering

--

Flooring

--

Roof, staircase etc.

--

Doors

--

Windows

--

Services

--

Electrical

--

Sanitary

--

Water Supply

--

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

FIXED ASSETS

· Generator

Equipment

Sheds

Vehicles

Staff quarters

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. 62.21
UK Pound	1	Rs. 97.80
Euro	1	Rs. 77.48

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	DIV
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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

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