MIRA INFORM REPORT

Report Date :

02.07.2014

IDENTIFICATION DETAILS

Name :	DEVI KRIPA TRADING COMPANY

Registered Office :	Shop No.4, Tyagi Market, Main Road, Morta, Ghaziabad – 201 001, Uttar Pradesh

Country :	India

Financials (as on) :	31.03.2014 (Provisional)

Year of Establishment :	December, 2013

Capital Investment / Paid-up Capital :	Rs.2.245 millions

TIN No.:	09688826894

PAN No.: [Permanent Account No.]	AHAPT0940P

Legal Form :	Sole Proprietary Concern

Line of Business :	Trader of Bricks, Maurang, River Sands and Grit.

No. of Employees :	5 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Concern

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new proprietary concern and establishing itself gradually. The concern expects a minimal turnover from its first year of operations. Trade relations are reported to be improving. Business is active. Payment terms are unknown. The concern can be considered for business dealings on a fully safe and secured trade terms and condition.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

India

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

INDIAN ECONOMIC OVERVIEW

NEWS

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before. A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs.2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers with hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

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. Shri Kant Tyagi
Designation :	Chief Executive Officer
Contact No.:	91-8447495527
Date :	26.06.2014

LOCATIONS

Registered Office :	Shop No.4, Tyagi Market, Main Road, Morta, Ghaziabad – 201 001, Uttar Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-8447495527 (Mr. Shri Kant Tyagi)
Fax No.:	Not Available
E-Mail :	devikripatradingcompany@gmail.com

SOLE PROPRIETOR

Name :	Ms. Priti Tyagi
Designation :	Proprietor
Address :	B-225, Anand Gram, Ghaziabad, Uttar Pradesh, India
Date of Birth/Age :	12.07.1981

KEY EXECUTIVES

Name :	Mr. Shri Kant Tyagi
Designation :	Chief Executive Officer

BUSINESS DETAILS

Line of Business :	Trader of Bricks, Maurang, River Sands and Grit.

Terms :
Selling :	Cash and Credit (30 days)

Purchasing :	Cash and Credit (30 days)

GENERAL INFORMATION

Customers :	Retailers and Others

No. of Employees :	5 (Approximately)

Bankers :	IDBI Bank Limited, Ghaziabad, Uttar Pradesh, India


Banking Relations :	--

Auditors :	Not Divulged

Associates/Subsidiaries :	Zoren Hops India Private Limited Address: TA-121, 2^nd Floor, Tughlakabad Extension, Main Okhla Road, New Delhi – 110 019, India

CAPITAL STRUCTURE

CAPITAL ACCOUNT

(RS. IN MILLIONS)

Capital Investment :	31.03.2014 (Provisional)	31.03.2014 (Provisional)
Capital A/c
Balance B/d	0.670
Add:	1.326
Add: Net Profit	0.424
	2.420
Less: Drawings	0.175

Total		2.245

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		31.03.2014 (Provisional)
SHAREHOLDERS FUNDS
1] Proprietor’s Capital		2.245
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		2.245
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.450
TOTAL BORROWING		0.450
DEFERRED TAX LIABILITIES		0.000

TOTAL		2.695

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		0.454
Capital work-in-progress		0.000

INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1.426
	Sundry Debtors	2.327
	Cash & Bank Balances	0.124
	Other Current Assets	0.000
	Loans & Advances	0.066
Total Current Assets		3.943
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.683
	Other Current Liabilities & Provisions	0.019
Total Current Liabilities		1.702
Net Current Assets		2.241

MISCELLANEOUS EXPENSES		0.000

TOTAL		2.695

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014 (Provisional)
	SALES
		Income	0.616
		Other Income	1.426
		TOTAL	2.042

Less	EXPENSES
		Cost of Goods Sold	1.185
		Bank Charges	0.002
		Interest	0.054
		Conveyance	0.043
		Electricity Expenses	0.027
		Miscellaneous Expenses	0.009
		Salary and Wages	0.125
		Accounting Charges	0.013
		Staff Welfare Expenses	0.015
		Telephone Expenses	0.013
		Refreshment Expenses	0.011
		Maintenance	0.029
		TOTAL	1.526

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		0.516

Less/ Add	DEPRECIATION/ AMORTISATION		0.092

	NET PROFIT / (LOSS)		0.424

KEY RATIOS

PARTICULARS		31.03.2014 (Provisional)
PAT / Total Income	(%)	20.76

Net Profit Margin (PBT/Sales)	(%)	68.83

Return on Total Assets (PBT/Total Assets}	(%)	9.64

Return on Investment (ROI) (PBT/Networth)		0.19

Debt Equity Ratio (Total Debt/Networth)		0.20

Current Ratio (Current Asset/Current Liability)		2.32

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 about 3 months	Yes
12]	Profitability for about 3 months	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

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

ASSESSMENT OF WORKING CAPITAL REQUIREMENT

OPERATING STATEMENT

(RS. IN MILLIONS)

Particulars	31.03.2015 (Projected)	31.03.2016 (Projected)

GROSS SALES
(i) Domestic Sales	25.562	32.562
(ii) Export Sales	0.000	0.000
Add: Other Revenue Income	1.525	1.725

TOTAL	27.087	34.287

Less: Excise Duty	--	--
Deduct other Items	--	--

Net Sales (Item 1-2)	27.087	34.287

%age rise (+) or fall (-) in net sales as compared to previous year (Annualised)	1228%	27%

COST OF SALES
Raw Material (including stores and other items used in the process of manufacture)
Indigenous	26.626	34.338
Imported	0.000	0.000
Other Spares
Indigenous	0.000	0.000
Imported	0.000	0.000
Power and Fuel	0.044	0.044
Direct Labour (Factory Wages & Salary)	0.225	0.335
Packing Material	0.000	0.000
Other Manufacturing Expenses	0.000	0.000
Depreciation	0.075	0.067
Sub Total	26.970	34.784
Add: Opening Stock-in-process/ Raw Material	1.425	2.752

SUB-TOTAL	28.395	37.536

Deduct: Closing Stock-In-Process/ Raw Material	2.752	4.752
Cost of Production	25.643	32.784
Add: Opening Stock of Finished Goods	0.000	0.000

SUB-TOTAL	25.643	32.784

Deduct: Closing Stock of Finished Goods	0.000	0.000

SUB-TOTAL (Total Cost of Sales)	25.643	32.784

Selling General and Administrative Expenses	0.276	0.165

SUB-TOTAL	25.919	32.949

Operating Profit Before Interest	1.168	1.338

Interest
On Tern Loan	0.053	0.053
On Working Capital Limit	0.460	0.460

Operating Profit After Interest	0.655	0.825

i) Add: Other Non-Operating Income
a) Interest and Rent	0.000	0.000
b) Dep. Write Back	0.000	0.000
c) Dividend	0.000	0.000
SUB-TOTAL (INCOME)	0.000	0.000

ii) Deduct Other Non-Operating Expenses
a) Interest on Capital	0.000	0.000
b) Partner’s Remuneration	0.000	0.000
SUB-TOTAL (EXPENSES)	0.000	0.000

iii) NET OF OTHER NON-OPERATING INCOME/ EXPENSES	0.000	0.000

Profit Before Tax/ Loss	0.655	0.825

Provision for Taxes	0.000	0.000

Net Profit/ Loss	0.655	0.825
(a) Drawings	0.225	0.325
(b) Dividend Rate	0%	0%

Retained Profit	0.430	0.500

Retained Profit/ Net Profit	66%	61%

Transfer to Capital	0.430	0.500

Opening Balance	2.245	3.175

Additions	0.500	0.000

Closing Balance	3.175	3.675

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

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

Particulars	31.03.2015 (Projected)	31.03.2016 (Projected)
CURRENT LIABILITIES
1. Short term borrowings from bank (incl. Bills purchased, discounted & excess borrowings placed on repayment basis)
(i) From applicant bank	5.000	5.000
(ii) From other banks	0.000	0.000
Sub Total (A)	5.000	5.000

2. Short term borrowings from others	0.000	0.000

3. Sundry Creditors (Trade)	1.752	1.825

4. Advance payments from customers/deposits from dealers	0.000	0.000

5. Provision for Taxation	0.000	0.000

6. Dividend Payable	0.000	0.000

7. Other statutory liabilities (due within one year)	0.056	0.048

8. Deposits/ Instalments of term loan/ DPGs/ Debentures, etc.(due within one year)	0.000	0.000

9. Other current liabilities & Provisions (due within one year)	0.000	0.000

Sub Total (B)	1.808	1.873

10. Total Current Liabilities [total of 1 to 9]	6.808	6.873

TERM LIABILITIES
11. Debentures (Not maturing within one year)	0.000	0.000

12. Preference Shares (Redeemable after one year)	0.000	0.000

13. Term loans (Excluding instalments payable within one year)	0.000	0.000

14. Deferred Payment Credits (Excluding instalments due within one year)	0.000	0.000

15. Term deposits (Repayable after one year)	0.000	0.000

16. Other term liabilities	0.000	0.000

17. Total term liabilities	0.000	0.000

18. Total Outside Liabilities [10+17]	6.808	6.873

NET WORTH

19. Proprietor’s Capital	3.175	3.675

20. General Reserve	0.000	0.000

21. Share Premium	0.000	0.000

22. Other reserves (Capital Reserve) (excluding provisions)	0.000	0.000

23. Unsecured Loans	0.450	0.450

24. NET WORTH	3.625	4.125

TOTAL LIABILITIES [18+24]	10.433	10.998

CURRENT ASSETS

26. Cash & Bank balances	0.148	0.155

27. Investments (Other than long-term investments)
(i) Government and Other Trust Securities	0.000	0.000
(ii) Fixed deposits with Banks	0.000	0.000

28. Receivables other than deferred and exports (including bills purchased and discounted by Banks)	6.793	5.486

29. Installments of deferred receivable (due within one year)	0.000	0.000

30. Inventories
(i) Raw materials (including stores and other items in process of manufacture)
(a) Imported	0.000	0.000
(b) Indigenous	2.752	4.752

(ii) Stock-in-process	0.000	0.000

(iii) Finished Goods	0.000	0.000

(iv) Other consumable stores
(a) Imported	0.000	0.000
(b) Indigenous	0.000	0.000

31. Advance to suppliers of Raw materials and stores/spares	0.355	0.275

32. Advance payment of taxes	0.000	0.000

33. Other current assets (specify major items)	0.000	0.000

34. Total Current asset [Total 26 to 33]	10.048	10.668

FIXED ASSETS

35. Gross Block (Land and building machinery vehicles work-in-progress)	0.459	0.397

36. Depreciation to date	0.075	0.067

37. NET BLOCK (35-36)	0.384	0.330

OTHER NON-CURRENT ASSETS

38. Investments/book debts /advances deposits which are not current assets	0.000	0.000

i.(a) Investments in subsidiary companies/ affiliates	0.000	0.000
(b) Others	0.000	0.000

ii. Advances to suppliers of capital goods and contractors	0.000	0.000

iii. Deferred receivables (maturity exceeding one year)	0.000	0.000

iv. Others	0.000	0.000

39. Non Consumables Stores and Spare	0.000	0.000

40. Other Non-Current Assets (Incl. Dues from Directors)	0.000	0.000

41. Total other non-current assets (Total of 38 to 40)	0.000	0.000

42. Intangible assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided for etc.)	0.000	0.000

43. TOTAL ASSETS (Total of 34,37,41 & 42)	10.432	10.998

44. TANGIBLE NET WORTH (24-42)	3.625	4.125

45. Net working Capital [(17+24)-(37+41+42)] Totally with (34-10)	3.241	3.795

46. Current Ratio	1.48	1.55

47. Total outside liabilities / Net worth	1.88	1.67

48. Total Term Liabilities/ Tangible Networth	0.00	0.00

ADDITIONAL INFORMATION
A. Arrears of depreciation	0.000	0.000
B. Contingent Liabilities:
(a) Arrears of cumulative dividends	0.000	0.000
(b) Gratuity liability not provided for	0.000	0.000
(c) Disputed excise/ customs/tax liabilities	0.000	0.000
(d) Other liabilities not provided for	0.000	0.000

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

COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

(RS. IN MILLIONS)

	PARTICULARS	31.03.2015 (Projected)	31.03.2016 (Projected)
A)	CURRENT ASSETS
1	Raw materials (Including stores and other items used in the process of manufacture)
a)	Imported	0.000	0.000
	Months' consumption	--	--
b)	Indigenous	2.752	4.752
	Months' consumption	1.29	1.74

2	Receivables	6.793	5.486
	Months' domestic sales	2.92	1.93

3	Export receivables	0.000	0.000
	Months’ export sales	--	--

4	Advance to Suppliers of Raw Materials, Stores Spares & Other Consumables	0.000	0.000

5	Other Current Assets (Including Cash & Bank Balances)	0.503	0.430

6	TOTAL CURRENT ASSETS

7	Creditors for Purchase of Raw Material, Stores	1.752	1.825
	Months Purchases	0.80	0.65

8	Advance From Customers	0.000	0.000

9	Statutory Liabilities	0.000	0.000

10	Other Current Liabilities (Specify Major Items)	0.056	0.048

	TOTAL CURRENT LIABILITIES	1.808	1.873

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

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLIONS)

Sr. No	Particulars	31.03.2015 (Projected)	31.03.2016 (Projected)

1	Total Current Assets (Form IV)	10.048	10.668

2	Other Current Liabilities (other than bank borrowings) (14 of Form IV)	1.808	1.873

3	Working Capital Gap (WCP) (1-2)	8.240	8.795

4	Minimum stipulated net working Capital - 25% of total current assets other than Export Receivables (as at 28(ii) of form III)	2.060	2.199

5	Actual/projected net working capital (45 in form III)	3.241	3.795

6	Item 3 minus item 4	6.180	6.596

7	Item 3 minus item 5	4.999	5.000

8	Maximum permissible bank finance (item 6 or 7 whichever is less)	4.999	5.000

9	Excess borrowings, if any representing short fall in NWC (4-5)	--	--

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

CASH FLOW STATEMENT

(RS. IN MILLIONS)

Particulars	31.03.2015 (Projected)	31.03.2016 (Projected)

A. Sources of Funds
1. Cash Accruals (viz Net Profit Before Taxation) to which shall be added interest	1.168	1.338
2. Increase in Capital	0.500	0.000
3. Depreciation	0.075	0.067
4. Increase in Long Term Loans/ Debentures	0.000	0.000
5. Increase in Deferred Payment Facilities	0.000	0.000
6. Decrease in Unsecured Loans/ Deposit	0.000	0.000
7. Increase in Unsecured Loans and Deposits	0.000	0.000
8. Increase in Bank Borrowings for Working Capital	5.000	0.000
9. Sales of Fixed Assets/ Investments	0.000	0.000
10. Others (Specify)	0.000	0.000

Total Sources (A)	6.743	1.405

B. Disposition of Funds
1. Preliminary and Preoperative Expenses	0.000	0.000
2. Increase in Capital Expenditure	0.005	0.013
3. Increase in Current Assets
3.1 Inventories	1.327	2.000
3.2 Others	4.359	(1.372)
4. Decrease in Long Term Loans/ Debentures	0.000	0.000
5. Decrease in Deferred Payment Facilities	0.000	0.000
6. Increase in Investments	0.000	0.000
7. Interest	0.460	0.460
8. Taxation	0.000	0.000
9. Dividend (Amount and Rate) and Drawings	0.225	0.325
10. Other Expenses (Specify)	0.000	0.000

Total Distribution (B) ss	6.376	1.426

C. Opening Balance	(0.095)	0.272

D. Net Surplus (A-B)	0.367	(0.021)

E. Closing Balance	0.272	0.251

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

FUNDS FLOW STATEMENT

(RS. IN MILLIONS)

Sr. No	PARTICULARS	31.03.2015 (Projected)	31.03.2016 (Projected)
1	SOURCES
	[a] Net profit (after tax)	0.655	0.825
	[b] Depreciation	0.075	0.067
	[c] Increase in Capital	0.500	0.000
	[d] Increased in Term Liabilities (incl. Public deposits)	0.000	0.000
	[e] Decrease in
	[i] Fixed Assets	0.000	0.000
	[ii] Other non-current Assets	0.000	0.000
	[f] Others (Unsecured Loans)	0.000	0.000
	[g] Total	1.230	0.892

2	USES
	[a] Net Loss	0.000	0.000
	[b] Decrease in Term Liabilities (Incl. Public deposits)	0.000	0.000

	[c] Increase in
	[i] Fixed Assets	0.005	0.013
	[ii] Other non-current Assets	0.000	0.000
	[d] Dividend Payment/ Drawings	0.225	0.325
	[e] Investment in FDRs	0.000	0.000
	[f] Total	0.230	0.338

3	Long Term Surplus (+) / Deficit (-) (1 minus 2)	1.000	0.554

4	+ / (-) in current assets * ( As per details given below)	5.794	0.693

5	+ / (-) in current Liabilities other than bank borrowings	0.108	0.065

6	+ / (-) in working capital Gap	5.686	0.628

7	Net Surplus (+) / deficit (-) (Difference of 3 & 6)	(4.686)	(0.074)

8	+ / (-) in Bank Borrowings	5.000	0.000

	Net Surplus/ (Deficit) During the year	0.314	(0.074)

	Add: Opening Balance	(0.148)	0.166

	Closing Balance of Cash/ Bank	0.166	0.092

	* Break up of (4)

	[i] + / (-) in Raw material	1.327	2.000
	[ii] + / (-) in WIP	0.000	0.000
	[iii] + / (-) in Receivables
	[a] Domestic	4.467	(1.307)
	[b] Export	0.000	0.000
	[iv] + / (-) in stores & spares	0.000	0.000
	[v] + / (-) in other Current Assets	0.000	0.000
	Total	5.794	0.693

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

VALUATION REPORT

VALUATION REPORT OF COMMERCIAL PROPERTY LOCATED AT SECOND FLOOR, SHOP NO-FF-33, MEASURING-32.100 SQ METERS SUPER AREA (22.47 SQ METERS COVERED AREA) IN THE MULTISTORIED COMMERCIALCOMPLEX ‘’PARK PLAZA’’ NOW KNOWN AS OMAXE PLAZA, BUILT ON COMMERCIAL PLOT NO-D, SHAKTI KHAND-II, OPP SWARAN JAYANTI PARK, INDRAPURAM, DISTT- GHAZIABAD (U.P) PIN NO-201010.

OWNER: SHRI PURSHOOTAM TYAGI S/O LATE SHRI RAM NATH SINGH TYAGI

FORM – 1

PART – 1 GENERAL

1. Purpose for which valuation is made

Market Value for Bank Advance

2. Dated as on which is made

17.06.2014

3. Name of the owner/owners

Mr. Purshootam Tyagi

4. If the property is under joint ownership/ Co-ownership share of each owner, are the shares Undivided?

Sole

5. Brief Description of the property

The Property in question is 3-Storey Building with Basement, Located at First Floor, Shop No-FF-33, Measuring-32.100 sq. meter Super Area (22.47sq meters Covered Area) in the Multistoried Commercial Complex ‘’Park Plaza’’ Now Known As Omaxe Plaza, Built on Commercial Plot no-D, Shakti Khand-II, Opposite Swaran Jayanti Park, Indrapuram, District- Ghaziabad (U.P) pin no-201010. The building was constructed in the year 2006-07 and 100 % area was covered on Second floor. The Second Floor Consists of 1-Shop etc. Shakti Khand-II, Indrapuram is a prestigious and well Planned Commercial area and command a good price for the property.

6. Location, Street Ward No.

Commercial Complex ‘’Park Plaza’’ Now Known As Omaxe Plaza, Built on Commercial Plot No-D, Shakti Khand-II, Opposite Swaran Jayanti Park, Indrapuram, District- Ghaziabad (U.P) Pin No-201010.

7. Survey/Plot No. of Land

First Floor, Shop No-FF-33, Measuring-32.100 sq. meter Super Area (22.47sq meters Covered Area)

8. Is the property situated in residential/ commercial mixed area / industrial area

Commercial

9. Classification of Locality-high class Middle class or poor class.

Middle Class

10. Proximity civic amenities like schools, hospitals, offices, market, cinema etc.

All are available

11. Means and proximity to surface communication by which the locality is served.

By roads and public transport

LAND

12. Area of Land supported by documentary proof, shape, dimensions, and physical features

32.100 sq meter Super Area

The Plot is Located at Longitude 77º28’ E Latitude 28º40’N

13. Road Street or Lane on which the land is Situated:

As per Document

As per Site

East Commercial Plot No-C

West Road 80ft wide

North Plot for School SK-II/12

Road 120 ft wide South

East Arora Shopper Park

West Gallery

North Shop No-FF-32

South Shop No-FF-34

14. Is it Free hold or lease hold land

Free-Hold

15. If lease hold the Name of Lesser/Lessee, nature of lease, date of commencement and termination of lease and terms of renewal of lease

N/A

Initial Premium

Ground Rent payable per annum

Unearned increase payable to the lesser

In the event of sale or transfer

16. Is there any restrictive covenant in regard to use of land? If so attach a copy of the covenant.

17. Are there any agreement of lease? If so attach a copy.

18. Does the land fall in an area included in any town planning of government or any statutory body? If so give particulars.

GDA

19. Has any contribution been made towards Development or is any demand for such Contribution still outstanding.

20. Has the whole or part of land been notified for acquisition by government or any statutory body? Give date of the notification.

21. Attach a dimensioned site plan

Park Plaza / Omaxe Plaza has been constructed as per the plan approved by GDA. Copy available with the owner

IMPROVEMENTS

22. Attach plan and elevation of all structures

Parka Plaza / Omaxe Plaza has been standing on the land and layout plan. constructed as per the plan approved by GDA. Copy available with the owner

23. Furnish technical detail of the building on separate sheet (Annexure to this form may be used)

24. (i) Is the building-owner occupied/ tenanted/both?

Owner Occupied

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

25. What is the Floor space index permissible and percentage actually utilized.

100%

RENT

26.

Name of the tenants/ Lessees/Licenses etc.	Position in their occupation	Monthly or annual rent / compensation/ license fees etc. paid by each
	--

27. Gross amount received for the whole property

28. Are any of the occupants related to or close business associates of the owner.

29. Is separate amount being recovered for the use of fixtures like fans, geysers, refrigerators, cooking range built in wardrobes etc. or for Service Charges? If so give details.

30. Give details of water and electricity charges, if any, to be borne by the owners.

Owner to bear

As per bill

31. Has the tenant to bear the whole or part of the cost of repairs and maintenance? Give particulars.

32. If the lift is installed, who is to bear the cost of maintenance and operation or tenants.

33. If pumps is installed who has to bear the cost of maintenance and operation, owner or tenants.

34. What is the amount of property tax? Who is to bear it? Give details.

Property Tax Paid to GDA

35. Is the building insured? If so give the policy No. amount for which it is insured and the Annual premium.

36. Is any dispute between landlord and tenants regarding rent pending in a court of law.

37. Has any standard rent been fixed for the premises under any law relating to the control of rent?

SALES

38. 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 etc.

39. Land rate adopted in the valuation

Rs.17,400/- per sq. ft. (Composite Rate)

As per the Market rates and Local enquiry Made from Area property dealer’s and As per size, location and situation of the Shop

40. If sale instances are not available or not realized upon, the basis of arriving at the land rate.

COST OF CONSTRUCTION

41. Year of commencement of construction and year of completion.

2006-07

42. What was the method of construction?

By contract/By daily labour/both?

By Labour/ Contractor

43. For items of work done on contact, produce copies of agreement.

44. For items of work done by engaging labour directory, give basic rates of materials and labour supported by Documentary proof.

Market rates are fluctuated from time to time

TECHNICAL DETAILS

1. No. of floors and height of each floor.

Second Floor 10 ft. Height

2. Plinth area floor-wise

(As per IS : 3861-1966)

Second Floor 345.52 sq ft Super Area

3. Year of construction

2006-07

4. Estimated future life

80 years from the year of const.

5. Type of construction load bearing walls / RCC Frame / Steel Frame.

Load bearing walls/ Pillars/ RCC Frames

6. Type of foundation.

Conventional

7. Walls

Bricks

(a) Basement of Plinth

(b) Ground Floor

8. Partitions

9 inches

9. Doors and windows (Floor-wise)

Shutters /Glass Doors

(a) Ground Floor

(b) 1^st Floor

10. Flooring (Floor-wise)

Tiles

(a) Ground Floor

(b) 1^st Floor

11. Finishing (Floor wise)

Superior Finish

(a) Ground Floor

(b) 1^st Floor

12. Roofing and terracing

RCC

13. Special architectural or decorative

Features if any.

Superior

14. a) Internal wiring – surface of conduits

Conduits

b) Class of fitting superior/ordinary/poor.

15. Sanitary installation

As per site (Common)

a) (i) No. of water closets

(ii) No. of wash basins

(iii) No. of urinals

(iv) No. of sinks

(v) No. bath tubs

(vi) No. of bidets

(vii) No. of geysers

b) Class of fittings, superior coloured / superior white / ordinary.

Superior

16. Compound wall

Nil

Height and Length

Type of constructions

17. No. of lifts and capacity

18. Underground pump capacity and type of construction

19. Overhead tanks

Nil

Where located

Capacity

Type of constitution

20. Pumps No. and their horse power (Power Load)

3-KW

21. Roads and paving within the compound approximate area and type of paving.

22. Sewage disposal – whether connected to public Sewers? If septic tanks provided, No. and Capacity.

Exists

PART-II VALUATION

OWNER: SHRI PURSHOOTAM TYAGI S/O LATE SHRI RAM NATH SINGH TYAGI

Total Area: 32.100 sq. meters Super Area and 22.47 sq. meters Covered Area

Purpose: Market Value for Bank advance

Cost considering in view the CPWD schedule of rates of DSR 2012

Valuation based on the properties in the COMMERCIAL Area.

Based on the information and data supplied by the owner at site.

COMPOSITE RATE METHOD

COST OF CONSTRUCTION, COST OF UNDIVIDED

SHARE OF LAND AND MARKET GOOD WILL OF THE AREA COMPOSITE.

We have adopted composite rate method for the purpose of assessment of value of the above mentioned property. Composite rate consists of Cost of construction, cost of undivided share of land and cost of market good will and other facilities etc.

SECOND FLOOR

Covered Area 345.52 sq. ft. super area @ Rs.17,400/- Per sq. ft. : Rs.6.012 millions

Total : Rs.6.012 millions

Say : Rs.6.000 millions

DISTRESS SALE VALUE:

If, in an emergency, the property is to be disposed of

It will fetch a minimum price of RUPEES FIFTY ONE LACS ONLY

Under adverse circumstances. : Rs.5.100 millions

VALUATION AS PER CIRCLE RATE

Shakti Khand-II, Indrapuram is Circle Rates are Rs.55,000/- per sq. meter for Commercial Land & Rent 500/- per month for 25 Years

Area 32.100 sq. meter x Rent 500/- per sq. meter X

Rs.300 month or 25 Year Duration : Rs.4.815 millions

Total : Rs.4.815 millions

INSURANCE COVER

For The purpose of Insurance Cover RUPEES FIVE LAC only may be taken As Cost of Construction and wood work : Rs.0.500 million

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

COMPUTATION OF TOTAL INCOME (REVISED)

YEAR ENDED 31.03.2013

MS. PRITI TYAGI

Particulars	Amount (Rs. in millions)	Amount (Rs. in millions)	Amount (Rs. in millions)

Income from Business or Profession (Chapter IV D)			0.391
Income u/s 44AD		0.391

Profit as per Profit and Loss a/c	0.000

Gross Total Income			0.391

Less: Deductions (Chapter VI-A)
u/s 80C
L.I.P.	0.060
Tuition Fee	0.040
Total	0.100
		0.100
u/s 80D (payment Rs.0.015 million)		0.015
u/s 80GG		0.024

Total Income			0.139
Round off u/s 288 A			0.252
Adjusted total income (ATI) is not more than Rs.2.000 millions hence AMT not applicable.			0.252

Tax Due (Exemption Limit Rs.0.200 million)		0.005
Educational Cess		0.000
		0.005
Interest u/s 234 NBIC		0.001
		0.006
Deposit u/s 140A		0.006
Refundable (Round off u/s 288B)		0.000

Interest Charged

Amount

(In Rupees)

U/S 234A (6 Month)

318

Interest u/s 234BlC has been calculated on Tax Rs.0, There is no advance tax liability on 44AD income Rs.0.252 million according to section 44AD(4).

Interest calculated upto May, 2014, Due Date for filing of Return September 30, 2013

(Rs. in millions)

Income Declared u/s 44 AD Gross Receipts
Gross Receipts	1.263
Book Profit	0.391	30.96%
Deemed Profit	0.101	8.00%
Net Profit Declared	0.391	30.96%

Prepaid taxes (Advance tax and Self assessment tax) 26 S Import Date: 31^st March, 2014

Sr. No.

BSR Code

Date

Challan No.

Bank Name and Branch

Amount

(Rs. in millions)

0004329

31.03.2014

72302

State Bank of India, Bangalore

0.006

Total

0.006

Allowable Deduction u/s 80GG	Amount (Rs. in millions)
MAXIMUM Rs.2000/- PER MONTH	0.024
25% of Adjusted Gross Total Income	0.069
Rent Paid-10% of Adjusted Gross Total Income (0.060-0.028)	0.032
Allowable Deduction	0.024

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

CAPITAL ACCOUNT AS ON 31.03.2013

MS. PRITI TYAGI

(PROPRIETOR)

Capital Account	Amount (Rs. in millions)	Amount (Rs. in millions)
Opening Balance as on 01.04.2012	0.429
Add: Income during the year	0.391

Less: Drawings	0.150	0.670

ABRIDGED BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2013	31.03.2012	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		0.670	0.429	0.367
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		0.670	0.429	0.367
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		0.670	0.429	0.367

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		0.052	0.060	0.068
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	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.018	0.099	0.029
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.600	0.270	0.270
Total Current Assets		0.618	0.369	0.299
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	0.000	0.000
	Other Current Liabilities & Provisions	0.000	0.000	0.000
Total Current Liabilities		0.000	0.000	0.000
Net Current Assets		0.618	0.369	0.299

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		0.670	0.429	0.367

PROFIT & LOSS ACCOUNT

(RS. IN MILLIONS)

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
GROSS INCOME		1.263	0.975	1.315

EXPENSES
	Purchase of Goods	0.629	0.500	0.936
	Travelling conveyance	0.042	0.043	0.028
	Telephone expenses	0.015	0.014	0.010
	Electricity Expenses	0.026	0.025	0.020
	Salary and Wages	0.108	0.098	0.075
	Vehicle Running Expenses	0.019	0.022	0.020
	Miscellaneous expenses	0.025	0.024	0.018
	Depreciation	0.008	0.009	0.011
	TOTAL	0.872	0.735	1.118

INCOME OVER EXPENDITURE		0.391	0.240	0.197

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

FIXED ASSETS:

· Computer

· Machines

· Furniture and Fixtures

· Car

· Cooler

· Generator

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.60.14
UK Pound	1	Rs.102.83
Euro	1	Rs.82.28

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	SMN

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.

MIRA INFORM REPORT

0.000

0.000

0.018

0.000

0.600

0.618

0.000

0.000

0.000

0.618

Unit