|
Report Date : |
27.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
VARDAN CHARITABLE TRUST |
|
|
|
|
Registered
Office : |
133, Manas Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
22.12.2012 |
|
|
|
|
Registered Trust
: |
Reg. No.431 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Available |
|
|
|
|
Legal Form : |
Charitable Trust |
|
|
|
|
Line of Business
: |
Educational Institute |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new charitable trust having a moderate track
record. Mission of the trust is to provide educational services. Business is active. Payment terms are slow but correct. Subject can be considered for business dealing with some caution. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs.39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs.35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Pawan Mittal |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9058484975 |
|
Date : |
22.02.2014 |
LOCATIONS
|
Registered Office : |
133, Manas Nagar, Agra, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9058484975 (Mr. Pawan Mittal) 91-9358396628 (Mr. Rajesh Kumar Sharma) 91-7417049865 (Mr. Gaurav Dubey) 91-7417245218 (Mr. Kushal Dubey) 91-9837098265 (Mr. Haresh Mohan Sharma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Khasra No.338, Mauza and Pargana – Dawli, Tehsil – Kirawali, District
Agra, Uttar Pradesh, India |
TRUSTEE
|
Name : |
Mr. Rajesh Kumar Sharma |
|
Designation : |
President |
|
Address : |
133 Manas Nagar, Shahganj, Agra, Uttar Pradesh, India |
|
|
|
|
Name : |
Mr. Gaurav Dubey |
|
Designation : |
Manager |
|
Address : |
133 Manas Nagar, Shahganj, Agra, Uttar Pradesh, India |
|
|
|
|
Name : |
Mr. Kushal Dubey |
|
Designation : |
Treasurer |
|
Address : |
133 Manas Nagar, Shahganj, Agra, Uttar Pradesh, India |
|
|
|
|
Name : |
Mr. Haresh Mohan Sharma |
|
Designation : |
Trustee |
|
Address : |
133 Manas Nagar, Shahganj, Agra, Uttar Pradesh, India |
BUSINESS DETAILS
|
Line of Business : |
Educational Institute |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Retailers |
|
|
|
|
No. of Employees : |
10 (Approximately) |
|
|
|
|
Bankers : |
· Bank of India Agra, Uttar Pradesh, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Pawan Mittal Chartered Accountants |
|
Mobile No.: |
91-9058484975 |
|
Email : |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Available |
|
Borrowed : |
Not Available |
|
Total : |
Not Available |
FINANCIAL DATA
[All figures are
in Rupees Millions]
NOT AVAILABLE –
(NEW CHARITABLE TRUST)
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 |
No |
|
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 |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
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 |
No |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
PROJECT AT A GLANCE
|
Name
of Society |
Vardaan
Charitable Trust |
|
|
|
|
|
|
Constitution |
Charitable
Trust |
|
|
|
|
|
|
Members |
Name |
Designation |
|
Mr. Rajesh Sharma |
President |
|
|
Mr. Gaurav Dubey |
Manager |
|
|
Mr. Kushal Dubey |
Treasurer |
|
|
|
|
|
|
Registered- Office |
133 Manas Nagar, Agra, Uttar Pradesh, India
|
|
|
|
|
|
|
Address- Office |
133 Manas Nagar, Agra, Uttar Pradesh, India |
|
|
|
|
|
|
Date of Incorporation |
03.12.2012 |
|
|
|
|
|
|
Status |
Registered
Trust |
|
|
|
|
|
|
Whether it is new/ expansion/
modernization/ shifting or diversification project |
New |
|
|
|
|
|
|
Line of Activity |
Educational
Institute |
|
|
|
|
|
|
Object |
The
Proposed loan is to be availed for Establishment of B.ED and BTC College at a
part of land at Khasra No. 338, Kirawali, Agra. |
|
|
|
|
|
|
Project
Cost |
Rs.20.840
Millions |
|
|
|
|
|
|
Means
of Finance |
1.
Contribution from members :
Rs.10.840 Millions 2.
Term Loan Proposed :
Rs.10.000 Millions |
|
|
|
|
|
|
Debt
Service Coverage Ratio |
2.53
(Average) |
|
|
|
|
|
|
Debt Equity Ratio |
0.28 (Average) |
|
|
|
|
|
|
Break Even Point |
44.65% (Average) |
|
|
|
|
|
|
Securities |
|
|
|
Primary security |
Proposed Land and Building (total estimated
cost is Rs.16.000 Millions). |
|
|
|
|
|
|
Collateral Securities |
Remaining part of land at Khasra No. 338, Kirawali,
Agra. Measuring 9235 Sq. Mtrs., valuing Rs.10.150 Millions as per valuation
report |
|
|
|
|
|
|
Guarantors |
The loan shall be guaranteed by Mr. Rajesh
Sharma (President) and by Mr. Gaurav Dubey (Manager) |
|
|
|
|
|
|
Date of Commencement of College |
Jul-14 |
|
|
|
|
|
|
Latest Status of NCTE Affiliation |
Waiting for Letter of Intent |
|
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
31.03. 2015 |
31.03. 2016 |
31.03. 2017 |
31.03. 2018 |
31.03. 2019 |
31.03. 2020 |
31.03. 2021 |
|
|
(Projected) |
||||||
|
Liabilities |
|
|
|
|
|
|
|
|
General Fund |
|
|
|
|
|
|
|
|
Op. Balance |
10.840 |
11.831 |
14.705 |
17.950 |
21.473 |
25.224 |
29.273 |
|
Add: Fund Introduced by members |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Add: Excess of income over Expenditures |
0.991 |
2.874 |
3.245 |
3.523 |
3.751 |
4.048 |
4.216 |
|
Total |
11.831 |
14.705 |
17.950 |
21.473 |
25.224 |
29.273 |
33.489 |
|
|
|
|
|
|
|
|
|
|
Loan Fund: |
|
|
|
|
|
|
|
|
Term Loan (Proposed) |
8.889 |
7.407 |
5.926 |
4.444 |
2.963 |
1.481 |
-- |
|
|
|
|
|
|
|
|
|
|
Current Liabilities and Provision |
0.055 |
0.060 |
0.065 |
0.070 |
0.075 |
0.080 |
0.085 |
|
Total |
20.775 |
22.172 |
23.941 |
25.987 |
28.262 |
30.834 |
33.574 |
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
Fixed Assets (as per schedule) |
17.551 |
15.657 |
14.055 |
12.657 |
11.421 |
10.320 |
9.336 |
|
|
|
|
|
|
|
|
|
|
Investments |
|
|
|
|
|
|
|
|
FDR and interest to be accrued thereon |
1.090 |
1.188 |
1.295 |
1.412 |
1.539 |
1.677 |
1.828 |
|
|
|
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
|
|
Cash and Cash Equivalents |
1.534 |
4.807 |
8.149 |
11.552 |
15.009 |
18.515 |
22.056 |
|
Other Current Assets |
0.200 |
0.220 |
0.242 |
0.266 |
0.293 |
0.322 |
0.354 |
|
|
|
|
|
|
|
|
|
|
Preliminary Expenses |
0.400 |
0.300 |
0.200 |
0.100 |
-- |
-- |
-- |
|
Total |
20.775 |
22.172 |
23.941 |
25.987 |
28.262 |
30.834 |
33.574 |
------------------------------------------------------------------------------------------------------------------------------
INCOME & EXPENDITURES ACCOUNT
(RS. IN MILLIONS)
|
Particulates |
31.03. 2015 |
31.03. 2016 |
31.03. 2017 |
31.03. 2018 |
31.03. 2019 |
31.03. 2020 |
31.03. 2021 |
|
Income |
(Projected) |
||||||
|
Fee Receipts |
8.250 |
11.000 |
11.000 |
11.000 |
11.000 |
11.000 |
11.000 |
|
|
|
|
|
|
|
|
|
|
Interest Income |
0.090 |
0.098 |
0.107 |
0.117 |
0.127 |
0.138 |
0.151 |
|
Gross Receipts |
8.340 |
11.098 |
11.107 |
11.117 |
11.127 |
11.138 |
11.151 |
|
|
|
|
|
|
|
|
|
|
Expenditures |
|
|
|
|
|
|
|
|
University Fees |
1.500 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
2.000 |
|
Salary
to Staff |
2.346 |
2.463 |
2.586 |
2.716 |
2.852 |
2.994 |
3.144 |
|
Advertisements |
0.050 |
0.053 |
0.056 |
0.059 |
0.062 |
0.065 |
0.068 |
|
Bank Charges |
0.010 |
0.011 |
0.012 |
0.013 |
0.014 |
0.015 |
0.016 |
|
Consultancy and Professional Charges |
0.025 |
0.026 |
0.027 |
0.028 |
0.029 |
0.030 |
0.032 |
|
Electricity & Diesel Expenses |
0.100 |
0.105 |
0.110 |
0.116 |
0.122 |
0.128 |
0.134 |
|
Books and Periodicals |
0.260 |
0.050 |
0.053 |
0.056 |
0.059 |
0.062 |
0.065 |
|
Laboratory Expenses |
0.025 |
0.026 |
0.027 |
0.028 |
0.029 |
0.030 |
0.032 |
|
Repairing and Maintenance |
0.025 |
0.026 |
0.027 |
0.028 |
0.029 |
0.030 |
0.032 |
|
Travelling and Conveyance Expenses |
0.025 |
0.026 |
0.027 |
0.028 |
0.029 |
0.030 |
0.032 |
|
Student Welfare Expenses |
0.050 |
0.053 |
0.056 |
0.059 |
0.062 |
0.065 |
0.068 |
|
Staff Welfare Expenses |
0.036 |
0.038 |
0.040 |
0.042 |
0.044 |
0.046 |
0.048 |
|
Telephone and Internet Expenses |
0.050 |
0.053 |
0.056 |
0.059 |
0.062 |
0.065 |
0.068 |
|
Stationery Expenses |
0.030 |
0.032 |
0.034 |
0.036 |
0.038 |
0.040 |
0.042 |
|
Preliminary Expenses W/Off |
0.100 |
0.100 |
0.100 |
0.100 |
0.100 |
|
|
|
Other Administrative Expenses |
0.025 |
0.026 |
0.027 |
0.028 |
0.029 |
0.030 |
0.032 |
|
Total Expenditures |
4.657 |
5.088 |
5.238 |
5.396 |
5.560 |
5.630 |
5.813 |
|
PBID |
3.683 |
6.010 |
5.868 |
5.721 |
5.567 |
5.508 |
5.338 |
|
Less: |
|
|
|
|
|
|
|
|
Interest on term loan |
1.263 |
1.242 |
1.021 |
0.800 |
0.580 |
0.359 |
0.138 |
|
Depreciation |
1.429 |
1.894 |
1.602 |
1.398 |
1.236 |
1.101 |
0.984 |
|
Net profit before tax |
0.991 |
2.874 |
3.245 |
3.523 |
3.751 |
4.048 |
4.216 |
|
Provision for tax |
- |
- |
- |
- |
- |
- |
- |
|
Net Profit after tax |
0.991 |
2.874 |
3.245 |
3.523 |
3.751 |
4.048 |
4.216 |
|
Add: Depreciation |
1.429 |
1.894 |
1.602 |
1.398 |
1.236 |
1.101 |
0.984 |
|
Cash Accruals |
2.420 |
4.768 |
4.847 |
4.921 |
4.987 |
5.149 |
5.200 |
------------------------------------------------------------------------------------------------------------------------------
CASH FLOW STATEMENT
(RS. IN MILLIONS)
|
Particulars |
During Constr-uction
Period |
31.03. 2015 |
31.03. 2016 |
31.03. 2017 |
31.03. 2018 |
31.03. 2019 |
31.03. 2020 |
31.03. 2021 |
|
|
Projected |
|||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit After tax |
-- |
0.991 |
2.874 |
3.245 |
3.523 |
3.751 |
4.048 |
4.216 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
-- |
1.429 |
1.894 |
1.602 |
1.398 |
1.236 |
1.101 |
0.984 |
|
Depreciation |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Provision for tax |
-- |
1.263 |
1.242 |
1.021 |
0.800 |
0.580 |
0.359 |
0.138 |
|
Interest on Term Loan |
10.840 |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Increase in General Fund |
10.000 |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Term Loan raised |
|
0.055 |
0.005 |
0.005 |
0.005 |
0.005 |
0.005 |
0.005 |
|
Increase / (decrease) in current
liabilities |
20.840 |
3.738 |
6.015 |
5.873 |
5.726 |
5.572 |
5.513 |
5.343 |
|
Less: |
|
|
|
|
|
|
|
|
|
Increment in Fixed Assets |
18.480 |
0.500 |
-- |
-- |
-- |
-- |
-- |
-- |
|
Increase in Investments |
1.000 |
0.090 |
0.098 |
0.107 |
0.117 |
0.127 |
0.138 |
0.151 |
|
Increase / (Decrease) in other current assets |
-- |
0.200 |
0.020 |
0.022 |
0.024 |
0.027 |
0.029 |
0.032 |
|
Payment of Interest on proposed loan |
-- |
1.263 |
1.242 |
1.021 |
0.800 |
0.580 |
0.359 |
0.138 |
|
Increase / (Decrease) in Preliminary
Expenses |
0.500 |
(0.100) |
(0.100) |
(0.100) |
(0.100) |
(0.100) |
0.000 |
0.000 |
|
Repayment of proposed loan |
-- |
1.111 |
1.481 |
1.481 |
1.481 |
1.481 |
1.481 |
1.481 |
|
Payment of tax |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
Net Cash Inflow / (Outflow) |
0.860 |
0.674 |
3.273 |
3.342 |
3.403 |
3.457 |
3.506 |
3.541 |
|
|
|
|
|
|
|
|
|
|
|
Op. Cash and Cash Equivalents |
-- |
0.860 |
1.534 |
4.807 |
8.149 |
11.552 |
15.009 |
18.515 |
|
Cl. Cash and Cash Equivalents |
0.860 |
1.534 |
4.807 |
8.149 |
11.552 |
15.009 |
18.515 |
22.056 |
------------------------------------------------------------------------------------------------------------------------------
CALCULATION FOR RATIOS
(RS. IN MILLIONS)
|
A) |
Debt Service Coverage Ratio |
31.03. 2015 |
31.03. 2016 |
31.03. 2017 |
31.03. 2018 |
31.03. 2019 |
31.03. 2020 |
31.03. 2021 |
|
|
|
Projected |
||||||
|
|
|
|
|
|
|
|
|
|
|
Profit After Tax |
0.991 |
2.874 |
3.245 |
3.523 |
3.751 |
4.048 |
4.216 |
|
|
Add: |
|
|
|
|
|
|
|
|
|
|
Depreciation |
1.429 |
1.894 |
1.602 |
1.398 |
1.236 |
1.101 |
0.984 |
|
|
interest on proposed loan |
1.263 |
1.242 |
1.021 |
0.800 |
0.580 |
0.359 |
0.138 |
|
Available funds for debt service |
3.683 |
6.010 |
5.868 |
5.721 |
5.567 |
5.508 |
5.338 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest on proposed loan |
1.263 |
1.242 |
1.021 |
0.800 |
0.580 |
0.359 |
0.100 |
|
|
IDCP |
- |
- |
- |
- |
- |
- |
- |
|
|
Repayment of proposed loan |
1.111 |
1.481 |
1.481 |
1.481 |
1.481 |
1.481 |
1.481 |
|
Debt and interest to be served |
2.374 |
2.723 |
2.502 |
2.281 |
2.061 |
1.840 |
1.581 |
|
|
|
|
|
|
|
|
|
|
|
|
|
DSCR |
1.55 |
2.21 |
2.35 |
2.51 |
2.70 |
2.99 |
3.38 |
|
|
|
|
|
|
|
|
|
|
|
|
Average DSCR |
2.53 |
||||||
|
|
||||||||
|
B) |
Debt Equity Ratio |
Projected |
||||||
|
|
|
31.03. 2015 |
31.03. 2016 |
31.03. 2017 |
31.03. 2018 |
31.03. 2019 |
31.03. 2020 |
31.03. 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
General Fund |
11.831 |
14.705 |
17.950 |
21.473 |
25.224 |
29.273 |
33.489 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Equity Funds |
11.831 |
14.705 |
17.950 |
21.473 |
25.224 |
29.273 |
33.489 |
|
|
|
|
|
|
|
|
|
|
|
|
Long Term Loans |
8.889 |
7.407 |
5.926 |
4.444 |
2.963 |
1.481 |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
Total Long term loans |
8.889 |
7.407 |
5.926 |
4.444 |
2.963 |
1.481 |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
0.75 |
0.50 |
0.33 |
0.21 |
0.12 |
0.05 |
0.00 |
|
|
(Long Term Loans/Total Equity Fund) |
|
|
|
|
|
|
|
|
|
Average Debt Equity Ratio |
0.28 |
||||||
------------------------------------------------------------------------------------------------------------------------------
NET-WORTH STATEMENT
MR. KUSHAL DUBEY (TREASURER)
(AS AT 15.02.2014)
|
Particular |
Amount (Rs. IN Millions) |
|
|
|
|
Assets |
|
|
1/2 part of Residential
House (1.2270 Hect.) at Kirawali |
6.250 |
|
LIC |
0.200 |
|
Investment in Gold (20
g.) |
0.059 |
|
Investment in Silver (50
g.) |
0.002 |
|
Bike (Bajaj Pulsar 220
CC) |
0.080 |
|
Total |
6.591 |
|
|
|
|
Liabilities |
0.000 |
|
|
|
|
Net Worth (Assets-
Liabilities) |
6.591 |
------------------------------------------------------------------------------------------------------------------------------
NET-WORTH STATEMENT
MR. RAJESH SHARMA
(PRESIDENT)
(AS AT 15.02.2014)
|
Particular |
Amount (Rs. In Millions) |
|
|
|
|
Assets |
|
|
Residential House (250Sq. Yards) at Manas
Nagar, Shahganj, Agra |
4.500 |
|
LIC |
0.350 |
|
Investment in Gold (35 g.) |
0.103 |
|
Investment in Silver (100 g.) |
0.005 |
|
Car (Hundai- i10) |
0.200 |
|
|
|
|
Total |
5.158 |
|
|
|
|
Liabilities |
0.000 |
|
|
|
|
Net Worth (Assets- Liabilities) |
5.158 |
------------------------------------------------------------------------------------------------------------------------------
NET-WORTH STATEMENT
MR. GAURAV DUBEY
(MANAGER)
(AS AT 15.02.2014)
|
Particular |
Amount (Rs. In Millions) |
|
|
|
|
Assets |
|
|
1/2 part of Residential House (1.2270
Hect.) at Kirawali |
6.250 |
|
LIC |
0.200 |
|
Investment in Gold (20 g.) |
0.059 |
|
Investment in Silver (50 g.) |
0.002 |
|
|
|
|
Total |
6.511 |
|
|
|
|
Liabilities |
0.000 |
|
|
|
|
Net Worth (Assets- Liabilities) |
6.511 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
PROPERTY IN NAME OF MR. GAURAV
DUBEY S/O MR. HARESH MOHAN SHARMA
LOCATED AT – PART OF
GATE NO.338, MAUJA DAWALI, TEHSIL KIRAWALI, AGRA
|
Purpose for which valuation is made |
Bank Finance |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Date as on which valuation is made |
11.11.2013 |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Name of the Owner/ Owners |
Mr. Gaurav (Mobile No.: 7417049865) |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
If the Property is under joint ownership/Co-ownership, share of each such |
Sole – Ownership |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Brief description of the property The said property basically is a large land part of Khasra No.338 after excluding the land leased to the college. It is located on road to Dawali after Rly. Crossing in Tehsil Kirawali. As per information provided by owners the last land was acquired comprising of 12270 sq. mt. out of this, it was informed a portion of land in rear was leased out to the college trust. Therefore, the property of concern is excluding the leased land which has been valued separately vide a separate report. Therefore as per details provided the following are relevant. · The total land acquired was 12270.00 sq. mt. · The balance for valuation is 12270-3035 sq. mt. or 9,235.00 sq. mt. · Leased area of land is 3035 sq. mt. · Land is developed, earth filled and converted under sec.143. As verified it is valued below.
|
||||||||||||||||||||
|
|
||||||||||||||||||||
|
Location, Street, Ward No. |
Mauja Dawali, The, Kirawali, Agra |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Survey/ Plot No. of Land |
Part of Gata No.338 |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Is the property situated in residential / commercial/ mixed area/ industrial area? |
Institute |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Classification of Locality – High Class/ Middle Class/ Poor Class |
H.I.G. |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Proximity to civic amenities, like schools, hospital, offices, markets, cinema etc. |
All with in 2.00 k.m. of Property |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Means and proximity to surface communication by the locality is served. |
B. T. Road |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Is it leasehold the name of lesser/lessee, nature of lease, dates of commencement and termination of lease and terms of renewal of lease. |
Freehold |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Is there any restrictive covenant in regard to use of land? |
Institute |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Is the building owner-occupied / tenanted both? |
Owner Occupied |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Give instances of sales of immovable property in the locality on a separate sheet, indicating the name and address of the property, registration no. sale price and are of land sold. They have made enquiries and learnt that lands in this area transact for Rs.2.500 Millions per Bigha, particular land facing the main road. Therefore, the derived rate is rs.1085/- per sq. mt. This land is earth filled. Thereby there is a value addition of 65/- per sq. mt. or Rs.1150/- per sq. mt. The land is converted and developed and there is further value addition of 10% i.e. Rs.1,250/- per sq. mt. On conservative basis the rate is Rs.1,100/- Sq. mt. It is remarked that r4esidential plots in Dawali facing main road the guideline rate is Rs.1,300/- per sq. mt. for agriculture land the guideline rate is Rs.300/- per sq. mt. as verified it is valued below. Dimensions of the plot: As per plan Total area of the plot: 9,235 sq. mt. Prevailing market rate : As above Guideline rate obtained from the register office: Rs.1,300/- per sq. mt. Assessed adopted rate of valuation: Rs.1,100/- per sq. mt. Estimated value of the land: Rs.10.159 Millions |
||||||||||||||||||||
|
Summary of Valuation |
||||||||||||||||||||
|
Part I Land |
Rs.10.159 Millions |
|||||||||||||||||||
|
Part II Building |
-- |
|||||||||||||||||||
|
Part III Projection |
-- |
|||||||||||||||||||
|
|
|
|||||||||||||||||||
|
Total |
Rs.10.159 Millions |
|||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
PROPERTY IN NAME OF
VARDAN CHARITABLE TRUST
MANAGER MR. GAURVAN
DUBEY S/O MR. HARESH MOHAN SHARMA
LOCATED AT – PART OF
GATA NO.338, MAUJA DAWALI, TEHSIL KIRAWALI, AGRA
|
Purpose for which valuation is made |
Bank Finance |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Date as on which valuation is made |
11.11.2013 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name of the Owner/ Owners |
Mr. Gaurav (Mobile No.: 7417049865) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
If the Property is under joint ownership/Co-ownership, share of each such |
Sole – Ownership |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Brief description of the property The said property basically is a college building which is under construction and is located on road to Dawali after Rly. Crossing in Tehsil kirawali As per information provided by the management of Trust, large land was acquired comprising of 12270 sq. mt. out of this, some land rear partitioning with are approach from front to was leased out to the college trust. Therefore, the property of concern is a leased land and college building. Rest part of the Deed is valued separately vide a separate report
Therefore as per details provided the following are relevant. · The land is leased one of course, the lease is by the borrowers to their charitable trust · The lease period is 29 years · Leased area of concern is 3035 sq. mt. · Land is developed, earth filled and converted under sec.143. As verified it is valued below.
|
|||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
|
Location, Street, Ward No. |
Mauja Dawali, The, Kirawali, Agra |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Survey/ Plot No. of Land |
Part of Gata No.338 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Is the property situated in residential / commercial/ mixed area/ industrial area? |
Institute |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Classification of Locality – High Class/ Middle Class/ Poor Class |
H.I.G. |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Proximity to civic amenities, like schools, hospital, offices, markets, cinema etc. |
All with in 2.00 k.m. of Property |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Means and proximity to surface communication by the locality is served. |
B. T. Road |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Is it leasehold the name of lesser/lessee, nature of lease, dates of commencement and termination of lease and terms of renewal of lease. |
Freehold |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Is there any restrictive covenant in regard to use of land? |
Institute |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Is the building owner-occupied / tenanted both? |
Owner Occupied |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Give instances of sales of immovable property in the locality on a separate sheet, indicating the name and address of the property, registration no. sale price and are of land sold. They have made enquiries and learnt that lands in this area transact for Rs.2.500 Millions per Bigha, particular land facing the main road. Therefore, the derived rate is rs.1085/- per sq. mt. This land is earth filled. Thereby there is a value addition of 65/- per sq. mt. or Rs.1150/- per sq. mt. The land is converted and developed and there is further value addition of 10% i.e. Rs.1,250/- per sq. mt. However this land is in rear hence the rate for land leased to collage is 60% of above being in 2nd zone i.e. 750/- Rs. Sq. mt. It is remarked that residential plots in Dawali facing main road the guideline rate is Rs.1,300/- per sq. mt. for agriculture land the guideline rate is Rs.300/- per sq. mt. as verified it is valued below. Dimensions of the plot: As per plan Total area of the plot: 3035.00 sq. mt. Prevailing market rate : As above Guideline rate obtained from the register office: Rs.1,300/- per sq. mt. and 30.00 lacs per hectare Assessed adopted rate of valuation: Rs.750/- per sq. mt. Estimated value of the land: Rs.2.276 Millions |
|||||||||||||||||||||||||
|
Year of commencement of construction and year of completion |
Under Constriction |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
What was the method of construction by contract/ by employing labour directly / both? |
Direct Labout |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
For items of work done on contract, produce copies of agreement. |
No |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Valuation of the Building property |
|
||||||||||||||||||||||||
|
No of floors and height of each floor |
Double story |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Plinth area floor-wise (As per Is: 386I-1966) |
Ground Floor =1979.00 sq. mt. First Floor = 347.00 sq. mt. Total = 2327.00 sq. mt. |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Year of construction |
2013 |
||||||||||||||||||||||||
|
Estimated future life |
60 years |
||||||||||||||||||||||||
|
Type of construction – Load bearing walls/ RCC frame/ Steel frame |
RCC Frame |
||||||||||||||||||||||||
|
Type of foundations |
Spreading Foot |
||||||||||||||||||||||||
|
Walls |
9” Thick Brick Wall |
||||||||||||||||||||||||
|
Partitions |
9” Thick Brick Wall |
||||||||||||||||||||||||
|
Doors and windows (Floor wise) |
Under Construction |
||||||||||||||||||||||||
|
Flooring (Floor-wise) |
Under Construction |
||||||||||||||||||||||||
|
Finishing (Floor-wise) |
Under Construction |
||||||||||||||||||||||||
|
Roofing and terracing |
RCC |
||||||||||||||||||||||||
|
Special architectural or decorative features, it any |
NA |
||||||||||||||||||||||||
|
Internal wiring - Surface or conduit Class of fittings: superior/ Ordinary/ Poor |
Under Construction |
||||||||||||||||||||||||
|
Sanitary installations |
Under Construction |
||||||||||||||||||||||||
|
Class of fittings: Superior |
Under Construction |
||||||||||||||||||||||||
|
Compound Wall |
|
||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
|
|||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
|
Summary of Valuation |
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Part I Land |
Rs.2.276 Millions |
||||||||||||||||||||||||
|
Part II Building |
Rs.9.308 Millions |
||||||||||||||||||||||||
|
Part III Projection |
-- |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Total |
Rs.11.584 Millions |
||||||||||||||||||||||||
The overall fair market value of the property is Rs.11.600 Millions
The realizable sale value of property may reduce to Rs.10.000 Millions
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.