MIRA INFORM REPORT

 

 

Report Date :

25.11.2014

 

IDENTIFICATION DETAILS

 

Name :

DEV EXIMP INC

 

 

Registered Office :

B/21, First Floor, Soham Complex, Soni’s Chawl Cross Road, Narol Naroda Highway, Opposite Indian Oxygen, Odhav, Ahmedabad – 382415, Gujarat

 

 

Country :

India

 

 

Date of Incorporation :

18.04.2013

 

 

Com. Reg. No.:

GUJ/AMG/18863

 

 

Capital Investment / Paid-up Capital :

Not Divulged

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAJFD4265F

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Manufacturing of Mineral Products (Perlite).

 

 

No. of Employees :

10 (Approximately) (Office – 3 and Factory – 7) 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (11)

 

RATING

STATUS

PROPOSED CREDIT LINE

 

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

 

 

Status :

Yet to commence its business operations

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Even though, the partnership concern was incorporated on 18/04/2013 it is yet to commence it business activity.

 

Mr. Anil Gajjar (Partner) has provided us with all information and he also confirmed that the concern has not yet started its business activity.

 

Payment terms are reported to be unknown.

 

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

 

 

NOTES:

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

 

 

ECGC Country Risk Classification List – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

India

A1

A1

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low

 

4A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INDIAN ECONOMIC OVERVIEW

 

N E W S

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Anil Gajjar

Designation :

Partner

Contact No.:

91-9925007609

Date :

22.11.2014

 

 

LOCATIONS

 

Registered Office :

B/21, First Floor, Soham Complex, Soni’s Chawl Cross Road, Narol Naroda Highway, Opposite Indian Oxygen, Odhav, Ahmedabad – 382415, Gujarat, India

Tel. No.:

91-91-79-22976838

Mobile No.:

91-9925007609/ 9925007697 (Mr. Anil Gajjar)

91-9824213242 (Mr. Dipak Dalichand Shah)

Fax No.:

Not Available

E-Mail :

deveximp@gmail.com

Area :

120 sq. ft.

Location :

Owned

 

 

Factory/ Shop :

Block No.863+864, Kanavada, Dhudhari Road, At: Kanavada, Taluka: Tarapur District Anand – 388180, Gujarat, India

Area :

7,200 sq. m.

Location :

Owned

 

 

PARTNERS

 

Name :

Mr. Dipak Dalichand Shah

Designation :

Partner

Address :

5, Pooja Avenue, Sundervan Society, Jawahar Nagar, Vasna, Ahmedabad – 380007, Gujarat, India

Date of Birth/Age :

14.05.1958

Qualification :

B. Com

Experience :

20 years

PAN No.:

ADIPS1541H

 

 

Name :

Mr. Anil Balvantbhai Gajjar

Designation :

Partner

Address :

B-103, Celestial Livings, Near Kalhar Exotika Science City, Ahmedabad, Gujarat, India

Date of Birth/Age :

20.06.1979

Qualification :

I.T.I. Diploma

PAN No.:

AJTPG9693D

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Mineral Products (Perlite).

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Not Available

Countries :

Not Available

 

 

Imports :

 

Products :

Perlite Ore

Countries :

Turkey

 

 

Terms :

 

Selling :

Credit (30 days)

 

 

Purchasing :

L/C

 

 

PRODUCTION STATUS 

 

Particulars

Capacity per Annum

 

 

Ores and Concentrates, Metallic N.E.C. Specific to Perlite Ore and Expanded Perlite Used for Filtration

3000 Tonne/ M Tonne

 

 

GENERAL INFORMATION

 

Suppliers :

Paresh Kapoor Capstone Sarkhej Highway, Ahmedabad

 

 

Customers :

Wholesalers

 

 

No. of Employees :

10 (Approximately) (Office – 3 and Factory – 7) 

 

 

Bankers :

Bank Name

Bank of India

Branch

Science City Branch

Person Name (With Designation)

Mr. K. V. Kapadia

(Senior Branch Manager)

Contact Number

91-79-29099271/72

Name of Account Holder

Dev Eximp Inc.

Account Number

202920110000465

Account Since (Date/Year of Account Opening)

1 years (26.07.2013)

Average Balance Maintained

(If Possible)

10,000 three months

Credit Facilities Enjoyed (If any)

--

Account Operation

Satisfactory

Remarks (If any)

Having satisfactory track record of banking transactions.

 

 

Facilities :

--

 

Auditors :

 

Name :

Paresh Shah

Chartered Accountant

Address :

Surya Complex, Near Nagri Hospital, Ahmedabad, Gujarat, India

PAN No.:

Not Divulged

Mobile  No.:

91-9824358057

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

NIL

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Available

Borrowed :

Not Available

Total :

Not Available

 

 

FINANCIAL DATA

[All figures are in Rupees Millions]

 

NOT AVAILABLE

 

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

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report

 (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

Yes

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last three years

No

12]

Profitability for last three years

No

13]

Reasons for variation <> 20%

-----

14]

Estimation for coming financial year

Yes

15]

Capital in the business

No

16]

Details of sister concerns

No

17]

Major suppliers

Yes

18]

Major customers

No

19]

Payments terms

Yes

20]

Export / Import details (if applicable)

Yes

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

Yes

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

No

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

Yes

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

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

 

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

 

OPERATING STATEMENT

 

(RS. IN MILLIONS)

 

Particulars

 

31.03.2015

31.03.2016

31.03.2017

31.03.2018

31.03.2019

 

(Estimated)

(Projected)

(Projected)

(Projected)

(Projected)

1 Gross Sales                     

 

 

 

 

 

       (i)   Domestic Sales         

5.250

22.500

25.000

27.00

29.000

       (ii)  Export Sales           

0.000

0.000

0.000

0.000

0.000

Total

5.250

22.500

25.000

27.00

29.000

 

 

 

 

 

 

2 Less: Excise Duty              

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

3 Net Sales ( 1 - 2 )            

5.250

22.500

25.000

27.00

29.000

 

 

 

 

 

 

4 % age Rise [+] or Fall [-] in Net Sales as compared To         Previous Year (%)          

NA

7.14%

11.11%

8.00%

7.41%

        

 

 

 

 

 

5  Cost of Sales                  

 

 

 

 

 

(i) Raw Materials [ including stores and other items used in the process of manufacture ]           

 

 

 

 

 

     [a]  Imported           

0.000

0.000

0.000

0.000

0.000

     [b] Indigenous         

2.422

11.845

12.435

13.160

13.825

(ii) Other Spares             

 

 

 

 

 

     [a]  Imported           

0.000

0.000

0.000

0.000

0.000

     [b] Indigenous         

0.000

0.000

0.000

0.000

0.000

(iii)  Power and Fuel          

0.550

2.470

2.695

2.825

3.010

(iv)  Direct Labour (Factory Wages& Salaries)        

0.150

0.650

0.775

0.940

1.155

(v) Other Manufacturing Exp.

0.450

2.050

2.275

2.790

3.245

(vi)   Depreciation            

0.560

1.760

1.515

1.300

1.125

(vii)  Sub-Total

4.132

18.775

19.695

21.015

22.360

 

 

 

 

 

 

(viii) Add: Opening Stock in Process

0.000

0.000

0.000

0.000

0.000

Sub-Total               

4.132

18.775

19.695

21.015

22.360

 

 

 

 

 

 

(ix)   Deduct: Closing stock in Process

0.000

0.000

0.000

0.000

0.000

(x)    Cost of Production      

4.132

18.775

19.695

21.015

22.360

 

 

 

 

 

 

(xi)   Add:  Opening Stock of Finished Goods          

0.000

0.550

1.650

1.735

1.780

Sub-Total               

4.132

19.325

21.345

22.750

24.140

 

 

 

 

 

 

(xii)  Deduct: Closing Stock Finished Goods          

0.550

1.650

1.735

1.780

1.895

(xiii) Sub-Total (Total Cost  of Sales)

3.582

17.675

19.610

20.970

22.245

                                     

 

 

 

 

 

GROSS PROFIT

1.668

4.825

5.390

6.030

6.755

 

 

 

 

 

 

6  Selling, General and Administrative Expenses           

0.120

0.640

0.855

1.135

1.460

                 

 

 

 

 

 

7  Sub Total ( 5 + 6 )            

3.702

18.315

20.465

22.105

23.705

 

 

 

 

 

 

8  Operating Profit Before Interest ( 3 - 7 )                  

1.548

4.185

4.535

4.895

5.295

        

 

 

 

 

 

9  Interest                       

0.730

1.695

1.425

1.155

0.890

 

 

 

 

 

 

10 Operating Profit After Interest ( 8 -9 )                     

0.818

2.490

3.110

3.740

4.405

        

 

 

 

 

 

11 (i)   Add : Other Non-Operating Income

0.000

0.000

0.000

0.000

0.000

                                             

 

 

 

 

 

 Sub-Total (Income)     

 

 

 

 

 

 

 

 

 

 

 

(ii)  Deduct: Other Non-Operating Expenses

 

 

 

 

 

Remuneration/ Interests to Partners

0.000

1.000

1.500

2.000

2.500

Sub-Total ( Expenses )   

0.000

1.000

1.500

2.000

2.500

 

 

 

 

 

 

(iii) Net of Other Non-Operating Income/ Expenses        

0.000

(1.000)

(1.500)

2.00)

(2.500)

 

 

 

 

 

 

12 Profit Before Tax / Loss[ 10 + 11(iii) ]                       

0.818

1.490

1.610

1.740

1.905

        

 

 

 

 

 

13 Provision for Taxes            

0.148

0.280

0.320

0.345

0.400

 

 

 

 

 

 

14 Net Profit [ 12 - 13 ]         

0.670

1.210

1.290

1.395

1.505

 

 

 

 

 

 

15 (a) Equity Dividend Paid       

--

--

--

--

--

     (b) Dividend Rate              

--

--

--

--

--

 

 

 

 

 

 

16 Retained Profit                

0.670

1.210

1.290

1.395

1.505

 

 

 

 

 

 

17 Retained Profit/ Net Profit (%age)

100.00%

100.00%

100.00%

100.00%

100.00%

 

 

 

 

 

 

Pat / Sales %

15.58

6.62

6.44

6.44

6.57

 

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

 

ANALYSIS OF BALANCE SHEET

 

(RS. IN MILLIONS)

 

Particulars

 

31.03.2015

31.03.2016

31.03.2017

31.03.2018

31.03.2019

 

(Estimated)

(Projected)

(Projected)

(Projected)

(Projected)

CURRENT LIABILITIES            

 

 

 

 

 

 

 

 

 

 

 

1  Short Term Borrowings from Bank (including Bills Purchased and Discounted and the Excess Borrowings placed on repayment basis)

 

 

 

 

 

(i)  From Applicant Bank       

2.500

2.500

2.500

2.500

2.500

(ii) From Other Banks          

0.000

0.000

0.000

0.000

0.000

(iii) (Of Which BP and BD)      

0.000

0.000

0.000

0.000

0.000

         Sub-Total (A)    

             

2.500

2.500

2.500

2.500

2.500

 

 

 

 

 

 

2  Short Term Borrowing from Others

0.000

0.000

0.000

0.000

0.000

3  Sundry Creditors (Trade )      

0.125

0.715

0.540

0.635

0.725

4  Advances Payments from Customers/ Deposits From Dealers        

0.000

0.000

0.000

0.000

0.000

5  Provision For Taxation         

0.000

0.000

0.000

0.000

0.000

6  Dividend Payable               

0.000

0.000

0.000

0.000

0.000

7  Other Statutory Liabilities

(Due Within One Year )             

0.000

0.000

0.000

0.000

0.000

8  Deposits / Instalments of Term Loan / DPG's / Debentures Etc. (Due Within One Year)        

1.960

1.960

1.960

1.960

1.960

9  Other Current Liabilities and Provisions(Due Within One Year) (Specify major items)

0.025

0.050

0.075

0.100

0.125

 

 

 

 

 

 

Sub-Total  (B)              

 

2.110

2.725

2.575

2.695

2.810

10 Total Current Liabilities  (Total of 1 To 9 )                 

4.610

5.225

5.075

5.19*5

5.310

 

 

 

 

 

 

TERM LIABILITIES                

 

 

 

 

 

 

 

 

 

 

 

11 Debentures (Excluding not Maturing within one year)

0.000

0.000

0.000

0.000

0.000

     

 

 

 

 

 

12 Preference Shares (excluding Redeemable within one year)

7.840

5.880

3.920

1.960

0.000

           

 

 

 

 

 

13 Term Loans (excluding Instalments Payable within one year)                                     

2.000

1.500

1.500

1.500

1.500

        

 

 

 

 

 

14 Deferred Payment Credits (excluding  Instalments Payable within one year)

0.000

0.000

0.000

0.000

0.000

               

 

 

 

 

 

15 Term Deposits (excluding Payable within one year)     

2.000

1.500

1.500

1.500

1.500

               

 

 

 

 

 

16 Other Term Liabilities         

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

17 Total Term Liabilities    (Total of 11 to 16)    

9.840

7.380

5.420

3.460

1.500

 

 

 

 

 

 

18 Total Outside Liabilities (10 + 17)                          

14.450

12.605

10.495

8.655

6.810

        

 

 

 

 

 

         NET WORTH                      

 

 

 

 

 

19 Ordinary Share Capital         

3.500

4.170

5.380

6.670

8.065

20 General Reserve                

0.000

0.000

0.000

0.000

0.000

21 Revaluation Reserve            

0.000

0.000

0.000

0.000

0.000

22 Other Reserves (excl. Provisions)

0.000

0.000

0.000

0.000

0.000

Share Premium                

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

23 Surplus [+] Or Deficit [-] in Profit and Loss Account           

0.670

1.210

1.290

1.395

1.505

 

 

 

 

 

 

24 NET WORTH                       

4.170

5.380

6.670

8.065

9.570

 

 

 

 

 

 

25 TOTAL LIABILITIES

(18 + 24 )  

18.620

17.985

17.165

16.720

16.380

 

 

 

 

 

 

CURRENT ASSETS   

             

 

 

 

 

 

26 Cash and Bank Balances          

0.334

0.523

0.229

0.262

0.431

 

 

 

 

 

 

27 Investments ( other than Long Term Investments )             

 

 

 

 

 

(i)  Government And Other  Trustee Securities             

0.000

0.000

0.000

0.000

0.000

(ii) Fixed Deposits with Banks

0.400

0.400

0.400

0.400

0.400

 

 

 

 

 

 

28 (i)  Receivables Other Than Deferred And Exports (incl. Bills Purchased/ Discounted by Banks)

2.120

2.816

3.575

4.297

4.693

 

 

 

 

 

 

(ii) Export Receivables 

(Including Bills Purchased/ Discounted by Banks)      

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

29 Instalment Of Deferred Receivables (Due within 1 Year)         

 

 

 

 

 

        

 

 

 

 

 

30 Inventory                      

2.000

2.215

2.420

2.495

2.690

(i)   Raw Materials (including stores and other items    used in the process of  manufacture)              

 

 

 

 

 

(a) Imported             

0.000

0.000

0.000

0.000

0.000

(b) Indigenous           

1.450

0.565

0.685

0.715

0.795

 

 

 

 

 

 

(ii)  Stock In Process         

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

(iii) Finished Goods           

0.550

1.650

1.735

1.780

1.895

 

 

 

 

 

 

(iv)  Other Consumable Spares  

 

 

 

 

 

(a) Imported             

0.000

0.000

0.000

0.000

0.000

(b) Indigenous           

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

   31 Advances to Suppliers of Raw Materials & Stores/ Spares  

0.000

0.000

0.000

0.000

0.000

        

 

 

 

 

 

32 Advance Payment of Taxes       

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

33 Other Current Assets     (Specify major items)    

0.050

0.075

0.100

0.125

0.150

 

 

 

 

 

 

34 Total Current Assets  (Total of 26 to 33)                    

4.904

6.029

6.724

7.579

8.364

 

 

 

 

 

 

         FIXED ASSETS                   

 

 

 

 

 

 

 

 

 

 

 

35 Gross Block ( Land & Building Machinery, Work in Progress)  

13.526

12.966

11.206

9.691

8.391

 

 

 

 

 

 

36 Depreciation to Date           

0.560

1.760

1.515

1.300

1.125

 

 

 

 

 

 

37 Net Block ( 35 - 36 )     

    

12.966

11.206

9.691

8.391

7.266

 

 

 

 

 

 

OTHER NON-CURRENT ASSETS       

 

 

 

 

 

38 Investments/ Book Debits/ Advances/ Deposits which are not Current Assets             

 

 

 

 

 

(i)   (a) Investments in  Subsidiary Companies/ Affiliates    

0.000

0.000

0.000

0.000

0.000

(b) Others               

0.000

0.000

0.000

0.000

0.000

 (ii)  Advances to Suppliers of Capital Good and Contractors

0.000

0.000

0.000

0.000

0.000

 (iii)  Deferred Receivables (Maturity exceeding 1 year)     

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

(iv)  Others                   

0.750

0.750

0.750

0.750

0.750

Other Investments        

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

39 Non-Consumable Stores and Spares.

0.000

0.000

0.000

0.000

0.000

40 Other Non-Current Assets incl. Dues from Directors      

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

41 Total Other Non-Current Assets (Total of 38 to 40)           

0.750

0.750

0.750

0.750

0.750

        

 

 

 

 

 

42 Intangible Assets (Patents, Goodwill, Preliminary Expenses, Bad/ Doubtful Debts not provided for, Etc.)

0.000

0.000

0.000

0.000

0.000

P and P Expenses               

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

43 Total Assets             (Total of 34, 37, 41 & 42)          

18.620

17.985

17.165

16.720

16.380

 

 

 

 

 

 

44 Tangible Net Worth

(24 - 42) 

4.170

5.380

6.670

8.065

9.570

 

 

 

 

 

 

45 Net Working Capital  To Tally With ( 34 - 10 )               

0.294

0.804

1.649

2.384

3.054

 

 

 

 

 

 

46 Current Ratio                  

1.06

1.15

1.32

1.46

1.58

 

 

 

 

 

 

47 Total Outside Liabilities/  Tangible Net Worth (18 / 44)    

3.47

2.34

1.57

1.07

0.71

48 Total Term Liabilities/  Tangible Net Worth

2.36

1.37

0.81

0.43

0.16

49. TOL/ Adjusted

3.47

2.34

1.57

1.07

0.71

 

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

 

COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

 

(RS. IN MILLIONS)

 

Particulars

 

31.03.2015

31.03.2016

31.03.2017

31.03.2018

31.03.2019

 

(Estimated)

(Projected)

(Projected)

(Projected)

(Projected)

 A  CURRENT ASSETS            

 

 

 

 

 

 

 

 

 

 

 

   1  Raw Materials (including stores and other items used in the process of manufacture )            

 

 

 

 

 

(b) Imported                

0.000

0.000

0.000

0.000

0.000

Months' Consumption   

--

--

--

--

--

(b) Indigenous           

1.450

0.565

0.685

0.715

0.795

Months' Consumption   

(1.80)

(0.57)

(0.66)

(0.65)

(0.69)

 

 

 

 

 

 

   2  Other Consumable Spares,  excluding those included In 1 above               

 

 

 

 

 

(a) Imported             

0.000

0.000

0.000

0.000

0.000

Months' Consumption   

--

--

--

--

--

(b) Indigenous           

0.000

0.000

0.000

0.000

0.000

Months' Consumption   

--

--

--

--

--

 

 

 

 

 

 

3  Stock in Process          

0.000

0.000

0.000

0.000

0.000

Months' Cost of Production

--

--

--

--

--

 

 

 

 

 

 

4  Finished Goods           

0.550

1.650

1.735

1.780

1.895

Months' Cost of Sales     

(0.46)

(1.12)

(1.06)

(1.02)

(1.02)

 

 

 

 

 

 

5  Receivables other than Export and Deferred    Receivables (including Bills Purchased and Discounted by Bankers)       

2.120

2.816

3.575

4.297

4.693

Months' Domestic Sales    excluding Deferred Sales

(1.21)

(1.50)

(1.72)

(1.91)

(0.194)

 

 

 

 

 

 

6  Export Receivables   (including Bills Purchased& Discounted by Bankers)     

0.000

0.000

0.000

0.000

0.000

Months' Export Sales      

--

--

--

--

--

 

 

 

 

 

 

7  Advances to Suppliers of Raw Materials and  Stores/Spares Consumables       

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

8  Other Current Assets      including Cash and Bank  Balances and Deferred    Receivables Due within one year (Specify major items)

0.784

0.998

0.729

0.787

0.981

 

 

 

 

 

 

Cash and Bank Balances Investments (other than   Long Term Investments) 

0.334

0.523

0.229

0.262

0.431

(i)  Government and Other Trustee Securities

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

(ii) Fixed Deposits with Banks Instalment Of Deferred  Receivables (Due within one year)

0.400

0.400

0.400

0.400

0.400

Advance Payment of Taxes

0.000

0.000

0.000

0.000

0.000

Other Current Assets   

0.050

0.075

0.100

0.125

0.150

 

 

 

 

 

 

9  Total Current Assets

(To agree with Item 34 In   FORM III )             

4.904

6.029

6.724

7.579

8.364

 

 

 

 

 

 

 B   CURRENT LIABILITIES      

 

 

 

 

 

(other than Bank Borrowing for Working Capital)    

 

 

 

 

 

 

 

 

 

 

 

10 Creditors for Purchase of Raw Materials, Stores & Consumable Spares         

0.125

0.715

0.540

0.635

0.725

Months' Purchases        

--

(0.78)

(0.52)

(0.58)

(0.63)

 

 

 

 

 

 

11 Advances from Customers  

0.000

0.000

0.000

0.000

0.000

12 Statutory Liabilities    

0.000

0.000

0.000

0.000

0.000

13 Other Current Liabilities

1.985

2.010

2.035

2.060

2.085

( Specify major items )  

 

 

 

 

 

Short Term Borrowings    from others              

0.000

0.000

0.000

0.000

0.000

Provision for Taxation   

0.000

0.000

0.000

0.000

0.000

  Dividend Payable         

0.000

0.000

0.000

0.000

0.000

Deposits / Instalments of Term Loan/ DPG's/ Debentures etc. (Due within one year) 

1.960

1.960

1.960

1.960

1.960

Other Current Liabilities and Provisions

0.025

0.050

0.075

0.100

0.125

 

 

 

 

 

 

Total (To agree with Sub-Total B In Form III )

2.110

2.725

2.575

2.695

2.810

 

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

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE AND WORKING CAPITAL

 

(RS. IN MILLIONS)

 

Particulars

31.03.2015

 

31.03.2016

31.03.2017

31.03.2018

31.03.2019

 

(Estimated)

(Projected)

(Projected)

(Projected)

(Projected)

 

(FIRST METHOD OF LENDING)

 

1 Total current assets

4.904

6.029

6.724

7.579

8.364

 

 

 

 

 

 

2 Other Current Liabilities

2.110

2.725

2.575

2.695

2.810

[Other than bank borrowings]

 

 

 

 

 

 

 

 

 

 

 

3 Working capital gap [WCG]

2.794

3.304

4.149

4.884

5.554

 

 

 

 

 

 

4 Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables

0.699

0.826

1.037

1.221

1.389

 

 

 

 

 

 

5 Actual/ Projected net working capital

0.294

0.804

1.649

2.384

3.054

 

 

 

 

 

 

6 Item 3 minus item 4

2.096

2.078

3.112

3.663

4.166

 

 

 

 

 

 

7 item 3 minus item 5

2.500

2.500

2.500

2.500

2.500

 

 

 

 

 

 

8 Maximum permissible bank finance [item 6 or 7, whichever is lower]

2.096

2.478

2.500

2.500

2.500

 

 

 

 

 

 

9 Excess borrowings, if any representing shortfall in NWC [4-5]

0.405

0.022

0.000

0.000

0.000

 

 

 

 

 

 

 

(SECOND METHOD OF LENDING)

 

1 Total current assets

4.904

6.029

6.724

7.579

8.364

 

 

 

 

 

 

2 Other Current Liabilities

2.110

2.725

2.575

2.695

2.810

[Other than bank borrowings]

 

 

 

 

 

 

 

 

 

 

 

3 Working capital gap [WCG]

2.794

3.304

4.149

4.884

5.554

 

 

 

 

 

 

4 Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables

1.226

1.507

1.681

1.895

2.091

 

 

 

 

 

 

5 Actual/ Projected net working capital

0.294

0.804

1.649

2.384

3.054

 

 

 

 

 

 

6 Item 3 minus item 4

1.568

1.797

2.468

2.989

3.463

 

 

 

 

 

 

7 item 3 minus item 5

2.500

2.500

2.500

2.500

2.500

 

 

 

 

 

 

8 Maximum permissible bank finance [item 6 or 7, whichever is lower]

1.568

1.797

2.468

2.500

2.500

 

 

 

 

 

 

9 Excess borrowings, if any representing shortfall in NWC [4-5]

0.932

0.703

0.032

0.000

0.000

 

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

 

FUNDS FLOW STATEMENT

 

(RS. IN MILLIONS)

 

 

Particulars

31.03.2016

 

31.03.2017

31.03.2018

31.03.2019

1.  SOURCES

(Projected)

 

(Projected)

(Projected)

(Projected)

  a) Net profit

1.210

1.290

1.395

1.505

 

 

 

 

 

  b) Depreciation

1.200

(0.245)

(0.215)

(0.175)

 

 

 

 

 

  c) Increase in Shares capital

0.670

1.210

1.290

1.395

 

 

 

 

 

  d) - Increase in Term Liabilities (Including Public Deposits)

0.000

0.000

0.000

0.000

 

 

 

 

 

  e) Decrease in:

 

 

 

 

i)  Fixed Assets

0.560

1.760

1.515

1.300

ii) Other Non-current Assets

0.000

0.000

0.000

0.000

 

 

 

 

 

  f) Others

0.000

0.000

0.000

0.000

 

 

 

 

 

    g) TOTAL

3.640

4.015

3.985

4.025

 

 

 

 

 

2.  USES

 

 

 

 

  a) Net loss

0.000

0.000

0.000

0.000

 

 

 

 

 

  b) Decrease in – Term Liabilities (including public deposits)

2.460

1.960

1.960

1.960

 

 

 

 

 

  c) Increase in:

 

 

 

 

       i)  Fixed Assets

0.000

0.000

0.000

0.000

       ii) Other Non-current Assets

0.000

0.000

0.000

0.000

 

 

 

 

 

  d) Dividend Payments

0.000

0.000

0.000

0.000

 

 

 

 

 

  e) Others

0.670

1.210

1.290

1.395

 

 

 

 

 

  f) TOTAL

3.130

3.170

3.250

3.355

 

 

 

 

 

3.  Long Term Surplus(+)/ deficit(-) [1-2]

0.510

0.845

0.735

0.670

 

 

 

 

 

4.  Increase/decrease in current assets*  (as per details given below)

1.125

0.695

0.855

0.785

 

 

 

 

 

5.  Increase/decrease in current liabilities other than bank borrowings.

0.615

(0.150)

0.120

0.115

 

 

 

 

 

6.  Increase/decrease in Working Capital Gap.

0.510

0.845

0.735

0.670

 

 

 

 

 

7.  Net surplus (+)/ deficit (-) (Difference of 3 & 6)

0.000

0.000

0.000

0.000

 

 

 

 

 

8.  Increase/decrease in Bank borrowings

0.000

0.000

0.000

0.000

 

 

 

 

 

    Increase/Decrease in Net Sales

17.250

2.500

2.000

2.000

 

 

 

 

 

(Break-up of -4)

 

 

 

 

 

 

 

 

 

Increase/decrease in Raw Materials

(0.885)

0.120

0.030

0.080

 

 

 

 

 

Increase/decrease in Stock in Process

0.000

0.000

0.000

0.000

 

 

 

 

 

Increase/decrease in Finance Goods

1.100

0.085

0.045

0.115

 

 

 

 

 

Increase/decrease in Receivable (Domestic)

0.696

0.759

0.722

0.396

 

 

 

 

 

Increase/decrease in Stores and Spares

0.000

0.000

0.000

0.000

 

 

 

 

 

Increase/decrease in Other Current Assets

0.214

(0.269)

0.058

0.194

 

 

 

 

 

Increase in Current Assets

1.125

0.695

0.855

0.785

 

 

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

 

PERFORMANCE AND FINANCIAL INDICATORS

 

(RS. IN MILLIONS)

 

PARTICULARS

31.03.2015

 

31.03.2016

 

31.03.2017

31.03.2018

31.03.2019

 

(Estimated)

(Projected)

 

(Projected)

(Projected)

(Projected)

Net Sales

5.250

22.500

25.000

27.000

29.000

(Exports)

0.000

0.000

0.000

0.000

0.000

Operating Profit (After Interest)

0.818

2.490

3.110

3.740

4.405

PBT

0.818

1.490

1.610

1.740

1.905

PBT/ Sales (%)

15.58

6.62

6.44

6.44

6.57

PAT

0.670

1.210

1.290

1.395

1.505

Cash Accruals

1.230

2.970

2.805

2.695

2.630

PBDIT

2.108

4.945

4.550

4.195

3.920

Paid up Capital

3.500

4.170

5.380

6.670

8.065

TNW

4.170

5.380

6.670

8.065

9.570

Adjusted TNW

4.170

5.380

6.670

8.065

9.570

TOL/ TNW

3.47

2.34

1.57

1.07

0.71

TOL/ Adjusted TNW

3.47

2.34

1.57

1.07

0.71

Current Ratio

1.06

1.15

1.32

1.46

0.158

Current Ratio (Excl. TL Installments)

1.85

1.85

2.16

2.34

2.50

Net Sales/ Total Tangible Assets

0.28

1.25

1.46

1.61

1.77

Return on Assets (PBT/ TTA) %

4.39

8.28

9.38

10.41

11.63

Operating Costs/ Sales %

24.19

25.82

26.40

28.48

30.59

Bank Finance/ Current Assets (%)

50.98

41.47

37.18

32.99

29.89

Inventory and Received/ Net Sales (Days)

72

82

88

92

93

 

 

PARTICULARS

31.03.2015

 

31.03.2016

 

31.03.2017

31.03.2018

31.03.2019

 

(Estimated)

(Projected)

 

(Projected)

(Projected)

(Projected)

Total Current Assets (TCA)

4.904

6.029

6.724

7.579

8.364

Other Current Liabilities (OCL)

2.110

2.725

2.575

2.695

2.810

Working Capital Gap

2.794

3.304

4.149

4.884

5.554

Net Working Capital (NWC)

0.294

0.804

1.649

2.384

3.054

Assess Bank Finance (ABF)

2.500

2.500

2.500

2.500

2.500

NWC to TCA (%)

6.00

13.34

24.52

31.46

36.51

Bank Finance (%)

50.98

41.47

37.18

32.99

29.89

Sundry Creditors to TCA (%)

2.55

11.86

8.03

8.38

8.67

Other Closing (Exc. Sundry Creditor) to TCA (%)

40.48

33.34

30.26

27.18

24.93

Inventories to Net Sales (Days)

35

36

35

34

34

Receivables to Gross sales (Days)

37

46

52

58

59

Sundry Creditors to Purchases (Days)

--

24

16

18

19

 

 

 

 

 

 

(TOL-Quasi eq. (TNW + Quasi Eq.)

2.02

1.61

1.10

0.75

0.48

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

(MR. DIPAK DALIBHAND SHAH)

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank

Branch

S/B C/D A/C No.

Present Balance

 

Last 6 Months Average Balance

 

 

 

 

 

Union Bank 

Vasna

392901010035268

Rs.0.007 Million

0.030

SBI

Paldi

31108389525

Rs.0.165 Million

0.200

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

 

Own/ Joint Name

Area

Freehold or Leasehold

Location / Address

Purchases Cost

Present Value

Whether Encumbered

 

 

 

 

 

 

 

 

Non Agri Land

Jointly Owned

6500 sq. mtrs.

Freehold

863 and 864, Village Kanavada, Anand

4.000

4.000

No

Commercial

Jointly Owned

220 sq. feet

Freehold

B/21 GF, Soham Complex, Odhav Ahmedabad

0.400

1.500

No

Flat

Dipak D. Shah

110 sq. yards

Freehold

5 Pooja Avenue, Sundervan Society, Jawaharnagar, Vasna 380007, Ahmedabad

1.000

4.000

No

Others

Jointly Owned

220 sq. feet

Freehold

B/21 FF, Soham Complex, Odhav Ahmedabad

0.500

1.200

No

 

 

MOVABLE PROPERTY

 

INSURANCE POLICIES

 

Name of Company

Policy No.

Date of issue

Sum Assured

Annual Premium

Premium Paid Upto What Period

LIC

837729678

19.09.2011

0.500

0.024

2014

LIC

836279860

14.02.2009

0.500

0.032

2014

LIC

836279861

14.02.2009

0.500

0.032

2014

 

 

VEHICLES

 

Type of Vehicles

Registration No.

Model

Year of Make

Cost at time of Purchases

Present

Value

CAR

GJ01RF0830

Figo

2014

0.490

0.475

BIKE

GJ27H1291

Honda

2014

0.050

0.025

 

 

JEWELLERY

 

 

Quantity

Valuation (Approx.)

Gold

100 gms

0.250

Silver

--

--

 

 

 

CAPITAL INVESTED IN BUSINESS

 

Particulars

 

Amount 

Dev Eximp Capital 

1.500

 

 

OTHER INVESTMENT /ASSETS

 

Investment in Other Fixed Assets

0.098

Loans and Advances

71.100

Sundry Debtors

0.242

Cash and Bank Balance

1.966

 

 

Total

 

73.406

 

 

DETAILS OF LIABILITIES

 

AS BORROWERS

 

Borrowed From

Purpose of Loan

Amount of Loan

Repayment Terms

Outstanding Balance

ICICI

Car Loan

0.200

36 Months

0.174

Bajaj Finance

Personal Loan

0.200

36 Months

0.024

 

 

LEGAL HEIRS/ FAMILY PARTICULARS

 

Name

 

Occupation

Relation

Age

Marital

Status

Address

Vibha Shah

Housewife

Wife

55

Married

5 Pooja Avenue, Sundervan Society, Jawaharnagar, Vasna Ahmedabad 380007, Gujarat, India

Dharmil Shah

Student

Son

25

Un-Married

 

 

 

 

 

 

 

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

 

 

STATEMENT OF ASSETS AND LIABILITIES

 

(MR. ANIL BALVANTBHAI GAJJAR)

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank

Branch

S/B C/D A/C No.

Present Balance

 

Last 6 Months Average Balance

 

 

 

 

 

Bank of India

Sharda Mandir

201920110000182

Rs.0.500 Million

0.200

Bank of India

Sharda Mandir

201930110000021

--

--

Bank of India

--

200110310000221

--

--

Bank of India

--

205710110003231

--

--

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

 

Own/ Joint Name

Area

Freehold or Leasehold

Location / Address

Purchases Cost

Present Value

Whether Encumbered

 

 

 

 

 

 

 

 

Land

Jointly Owned

6500 sq. Meters.

Freehold

863 and 864, Village Kanavada, Anand

4.000

4.000

Yes

Commercial

Owned

220  sq/ yards

Freehold

843/3 Om Industrial Estate, Rakanpur Gandhinagar

3.000

7.500

Yes

Residential

Jointly Owned with father

185 Sq. yards 

Freehold

B-103, Celestial Living, Near Hari Darshan Homes, Sc. City, Ahmedabad

5.600

2.900

½ Share

Yes Home Loan @ BOI

 

 

MOVABLE PROPERTY

 

INSURANCE POLICIES

 

Name of Company

 

Policy No.

Date of issue

Annual Premium

SUD Life

12820

31.03.2009

0.015

SUD Life

272495

25.10.2010

0.025

 

 

TERM DEPOSITS

 

Term Deposits Receipt No.

Bank/ Branch Name

Amount and Date of Receipt

Maturity Date

Maturity Amount

 

 

 

 

 

203246010000098

Stadium

112819

31.03.2019

0.176

203646010000132

--

50000

31.03.2015

0.071

 

 

 

VEHICLES

 

Type of Vehicles

Model

Year of Make

Cost at time of Purchases

Present

Value

CAR

Bolera

2011

0.800

0.500

Scooter

Vespa

2012

0.080

0.050

 

 

JEWELLERY

 

 

Quantity

Valuation (Approx.)

Gold

100 gms

0.200

Silver

--

--

 

 

 

CAPITAL INVESTED IN BUSINESS

 

Particulars

 

Amount 

Gajjar Tool Room

2.500

Dev Eximp

1.500

 

 

DETAILS OF LIABILITIES

 

AS BORROWERS

 

Borrowed From

Purpose of Loan

Amount of Loan

Security

Repayment Terms

Outstanding Balance

BOI / Sharda Mandir

Business

3.800

Stock / BD

60 EMI

3.800

BOI/ SC. City

Home Loan

1.000 ½ Share

EQM of Home

240 MI

--

 

 

LEGAL HEIRS/ FAMILY PARTICULARS

 

Name

 

Occupation

Relation

Age

Marital

Status

Address

Neha Gajjar

Household

Wife

35

Married

B-103, Celestial Living, Near Hari Darshan Homes, Sc. City, Ahmedabad

Diya Gajjar

Student

Daughter

10

Un-Married

Krishna Gajjar

Student

Daughter

5

Un-Married

Tirth Gajjar

Student

Son

1

Un-Married

 

 

 

 

 

 

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

(MRS. VIBHA DIPAK SHAH)

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank

Branch

S/B C/D A/C No.

Present Balance

 

Last 6 Months Average Balance

 

 

 

 

 

SBI

Paldi

30551031197

Rs.0.218 Million

0.350

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

 

Own/ Joint Name

Area

Freehold or Leasehold

Location / Address

Purchases Cost

Present Value

Whether Encumbered

 

 

 

 

 

 

 

 

Land

Owned

738 sq. feet

Freehold

Plot No.S-9A Greenworld Vatamanchokdi

0.247

1.800

No

Residential

Owned

450 sq. feet

Freehold

Plot No.54, Cristal, Bagodara

1.600

3.000

No

 

 

MOVABLE PROPERTY

 

INSURANCE POLICIES

 

Name of Company

Policy No.

Date of issue

Sum Assured

Annual Premium

Premium Paid Upto What Period

LIC

836287087

Feb 2009

0.500

0.025

2014

LIC

836279860

14.02.2009

0.500

0.032

2014

LIC

836279861

14.02.2009

0.500

0.032

2014

 

 

JEWELLERY

 

 

Quantity

Valuation (Approx.)

Gold

100 gms

0.250

Silver

--

--

 

 

LEGAL HEIRS/ FAMILY PARTICULARS

 

Name

 

Occupation

Relation

Age

Marital

Status

Address

Dipak Shah

Business

Husband

55

Married

5 Pooja Avenue, Sundervan Society, Jawaharnagar, Vasna Ahmedabad 380007, Gujarat, India

Dharmil Shah

Student

Son

25

Un-Married

 

 

 

 

 

 

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

 

STATEMENT OF ASSETS AND LIABILITIES

 

(MR. NEHA ANIL GAJJAR)

 

(RS. IN MILLIONS)

 

BANK ACCOUNT

 

Bank

Branch

S/B C/D A/C No.

Present Balance

 

Last 6 Months Average Balance

 

 

 

 

 

Bank of India

Bapunagar 

201510100028971

Rs.0.060 Million

--

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

Assets

 

Own/ Joint Name

Area

Freehold or Leasehold

Location / Address

Purchases Cost

Present Value

Whether Encumbered

 

 

 

 

 

 

 

 

Land

Jointly Owned

--

Freehold

863 and 864, Village Kanavada, Anand

4.000

4.000

Yes

 

 

 

LEGAL HEIRS/ FAMILY PARTICULARS

 

Name

 

Occupation

Relation

Age

Marital

Status

Address

Diya Gajjar

Student

Daughter

10

Un-Married

B-103, Celestial Living, Near Hari Darshan Homes, Sc. City, Ahmedabad

Krishna Gajjar

Student

Daughter

5

Un-Married

Tirth Gajjar

Student

Son

1

Un-Married

 

 

 

 

 

 

 

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

 

NAME OF THE PARTNERS AND GUARANTORS

 

Name

Age

Qualification

Residential address

Telephone No.

Experience in the Line of Activity

 

 

 

 

 

 

Mr. Dipak Dalichand Shah

58 years

(14.05.1958)

ITI Diploma

5 Pooka Avenue, sundervan society, Jawaharnagar, Vasna, Ahmedabad – 380007, Gujarat, India

91-9824213242

20 years

 

 

 

 

 

 

Mr. Anil Balvantbhai Gajjar

36 years

(20.06.1979)

B. Com

B-103, Celestial Livings, Near Kalhar Exotika Science City, Ahmedabad, Gujarat, India

91-9925007697

15 years

 

 

 

 

 

 

Mrs. Neha Anilkumar Gajjar 

(Guarantor)

32 years

B. Com

B-103, Celestial Livings, Near Kalhar Exotika Science City, Ahmedabad, Gujarat, India

91-9925007697

NA

 

 

 

 

 

 

Mrs. Vibha Dipak Shah

(Guarantor)

56 years

(04.10.1958)

B. Com

5 Pooka Avenue, sundervan society, Jawaharnagar, Vasna, Ahmedabad – 380007, Gujarat, India

91-9824213242

NA

 

 

CREDIT FACILITIES (PROPOSED)

 

Type of Facilities

Amount

(Rs. In Millions)

Purpose for which required

Security Offered

 

Primary Security

Whether Collateral Security Offered  

 

 

 

 

 

Term Loan -1, Factory Building

2.800

Construction of Factory Shed etc.

EQM of Building

Yes

Term Loan for Plant and Machinery

7.000

Purchases of Plant and Machinery

Hypo of P and M, Stock and Book Debts

-

C/C / Stock and Book Debts 

2.500

Working Capital

--

-

Guarantee - I

1.500

T GNRL for Supply of Gas

Pledge of TDR 25%

-

Total

 

13.800

 

 

 

 

 

PRINCIPAL SECURITY

 

Facility

Nature of Security

Value of Security

(Rs. In Millions)

Basis

Date of Creation of charge

 

 

 

 

 

Term Loan -2

Hypothecation of Machinery

9.554

CMA

To be created

Term Loan -1

EQM of Shed

3.972

CMA

To be created

Working Capital

Hypothecation of Stock and Book Debts

4.120

CMA

To be created

Guarantee

Pledge of TDR

0.400

CMA

To be created

 

 

COLLATERAL SECURITY

 

Name of Security / Owned by Location

Value

Basis

Date of Creation of charge

 

 

 

 

EQM of Property Situated at No.863 and 864, Kanavada Dhudhari Road, At: Lanavada Taluka Tarapur District Anand, Guajrat, India

3.972

V. R. Dates 10.09.2014 by Multi Mentor Engineers and Associates Private Limited

To Be Created

 

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

 

PROJECT REPORT FOR TERM LOAN, WORKING CAPITAL AND BANK GUARANTEE

 

BANK OF INDIA, MEMNAGAR BRANCH

 

Installed Capacity

250 Metric tons per months

 

 

Project Details

The units intends to set up perlite manufacturing plant with annual production capacity of 3000 metric tons by6 installing new plant + machinery and construction of new plant shed and by installing latest machinery.

 

 

Cost of Project

Plant and Machinery

Rs.9.848 Millions

Plant, Shed, Wall and Fencing

Rs.2.500 Millions

Land Purchase

Rs.4.500 Millions

Misc. expenses and  exigencies fund

Rs.1.4513 Millions

Total

 

Rs.18.260 Millions

 

 

Means of Finance

Bank Term Loan

(For construction of shed)

Rs.7.385 Millions

Term Loan

(For Purchase of Machineries)

Rs.1.875 Millions

Cost of Land Purchases for Rs.4.500 Millions which is Proposed from their own sources)

--

Capital

Rs.9.000 Millions

Total

 

Rs.18.260 Millions

Details of Funding Requirement

Term Loan-1 of Rs.7.385 Millions for Purchases of Plant and Machinery, Term Loan-2 of Rs.1.875 Millions for construction of shed, wall and fencing, C/C of Rs.2.500 Millions for working capital and Bank guarantee of Rs.1.296 Millions.

 

 

ORGANIZATION AND MANAGEMENT

 

Subject is a partnership firm established by Mr. Deepak Dalichand Shah and Mr. Anil Balvantbhai Bhavsar. Both the partners have rich work experience, extensive market contacts and excellent technical knowledge. They will engage in manufacturing of various forms of "PERLITE". Their brief introduction is given as below:

 

 

MR. DEEPAK DALICHAND SHAH

 

Mr. Deepak Shah was involved with trading activity for last 12 years with his proprietary firm M/s. V.D. Enterprise which he stopped recently. He has been trading in the field of CNC Machinery and Sub mersible pumps since past 15 years. As he had established this firm from his own savings, he had very limited capital. However, slowly and gradually, he developed his reputation for sales and service. Mr. Shah has good knowledge of CNC machinery as well as pumps and he also deals in other different types of machinery as well. Over the period of time, he has created a customer base from which, he has been receiving regular orders. All his earlier dues have been paid off and currently he does not have any financial liability. It present, he is running a proprietary concern called M/s. Devarsh Machine Tools which is involved in facilitating purchase of different kinds of machinery and tools.

 

 

MR. ANIL BALVANTBHAI GAJJAR

 

Since Mr. Anil Gajjar has worked in this industry (Minerals/Perlite) for several years, he is well versed with all the current trends and technical know-hows of this business. He is an ITI Diploma holder with more than 20 years of work experience. He started his career as a dye maker at Home plastomech where he worked for about 1.5 years. Then he worked at Harsh geochem as a project manager for 5 years and at M/s. Shree Plastic Mould as a moulder for about 3 years. Later, he established his own proprietary firm - M/s. Gajjar Tool Room. Currently, he is engaged in moulding job-work.

 

Although perlite is widely used and its demand is growing, very few organizations are engaged in direct manufacturing of perlite as it is easily available from overseas market. However, the promoters sincerely believe that there is a tremendous scope for both domestic and export oriented markets and they are also positive that with their extensive work experience, market contacts and bank' financial support, they can turn this into a highly profitable organization.

 

 

PROJECT DETAILS

 

They propose to set up a new plant to manufacture perlite at Block No.861, Kanawada, Tarapur District: Anand. The raw material is available in local market and they have also contacted alternate sources for the same in Mumbai as well as overseas. As Perlite can be used in various domestic and industrial units, its demand is increasing. The partners will purchase land (8529 sq. yards, estimated cost - Rs.4.500 Millions) from their own sources. The plant (shed, wall and fencing) and machinery has been finalized and orders will be placed upon the sanction of their proposal. The project implementation can be completed within 3-4 months of sanction.

 

To fund the project, the firm proposes Term Loan -1 of Rs.7.385 Millions for purchase of plant and machinery, Term Loan-2 of Rs.1.875 Millions for purchase of shed, wall and fencing, Working Capital of Rs.2.500 Millions  and Bank Guarantee of Rs.1.296 Millions towards their gas supplier. The firm also proposes Term Loan-1 with a moratorium period of 3 months and Term Loan-2 with a moratorium period of 6 months inclusive of overall repayment period of 7 years.

 

 

PERLITE - PRODUCT AND APPLICATIONS

 

Perlite is an amorphous volcanic glass that has relatively high water content, typically formed by the hydration of obsidian. It occurs naturally and has the unusual property of greatly expanding when heated sufficiently. It is an industrial mineral and a commercial product useful for its light weight after processing.

 

 

Properties

 

When it reaches temperatures of 850-900 °C (1560-1650 °F), perlite softens (because it is a glass). Water trapped in the structure of the material vaporizes and escapes, and this causes the expansion of the material to 7-16 times its original volume. The expanded material is a brilliant white, due to the reflectivity of the trapped bubbles. Unexpanded ("raw") perlite has a bulk density around 1100 kg/m3 (1.1 g/cm3), while typical expanded perlite has a bulk density of about 30-150 kg/m3 (0.03- 3.150 g/cm3).

 

 

Production and Uses

 

Perlite is a non-renewable resource. The world reserves of perlite are estimated at 700 million tons. In 2011, 1.7 million tons were produced, mostly by Greece (500,000 t), United States (375,000 t) and Turkey (220,000 t). However, no information for China a leading producer-was available.

 

Because of its low density and relatively low price (about US$50 per ton of unexpanded perlite), many commercial applications for perlite have developed. In the construction and manufacturing fields, it is used in lightweight plasters and mortars, insulation and ceiling tiles.

 

There are many uses for perlite. These uses can be broken down into three general categories: construction applications, horticultural applications, and industrial applications.

 

 

Perlite Applications

 

Fraction

Use

 

53%

Building Construction Products

14%

Horticultural Aggregate

14%

Fillers

8%

Filter Aid

11%

Other

           

 

Construction Applications

 

Because of perlite's outstanding insulating characteristics and light weight, it is widely used as loose-fill insulation in masonry construction. In this application, free-flowing perlite loose-fill masonry insulation is poured into the cavities of concrete block where it completely fills all cores, crevices, mortar areas and ear holes. In addition to providing thermal insulation, perlite enhances fire ratings, reduces noise transmission and it is rot, vermin and termite resistant. Perlite is also ideal for insulating low temperature and cryogenic vessels. When perlite is used as an aggregate in concrete, a lightweight, fire resistant, insulating concrete is produced that is ideal for roof decks and other applications. Perlite can also be used as an aggregate in Portland cement and gypsum plasters for exterior applications and for the fire protection of beams and columns. Other construction applications include under-floor insulation, chimney linings, paint texturing, gypsum boards, ceiling tiles, and roof insulation boards.

 

 

Horticultural Applications

 

In horticultural applications, perlite is used throughout the world as a component of soilless growing mixes where it provides aeration and optimum moisture retention for superior plant growth. For rooting cuttings, 100% perlite is used. Studies have shown that outstanding yields are achieved with perlite hydroponic systems. Other benefits of horticultural perlite are its neutral pH and the fact that it is sterile and weed-free. In addition, its light weight makes it ideal for use in container growing. Other horticultural applications for perlite are as a carrier for fertilizer, herbicides and pesticides and for pelletizing seed. Horticultural perlite is as useful to the home gardener as it is to the commercial grower. It is used with equal success in greenhouse growing, landscaping applications and in the home in house plants.

 

In horticulture, perlite can be used as a soil amendment or alone as a medium for hydroponics or for starting cuttings. When used as an amendment it has high permeability/ low water retention and helps prevent soil compaction.

 

Perlite is an excellent filter aid. It is used extensively as an alternative to diatomaceous earth. The popularity of perlite usage in this application is growing considerably worldwide. Perlite filters are fairly commonplace in filtering beer before it is bottled.

 

Small quantities of perlite are also used in foundries, cryogenic insulation, as a lightweight aggregate in mortar (fire stop) and in ceramics as a clay additive. It is also used by the explosives industry.

 

 

Industrial Applications

 

Industrial applications for perlite are the most diverse, ranging from high performance fillers for plastics to cement for petroleum, water and geothermal wells. Other application includes its use as a filter media for pharmaceuticals, food products, chemicals and water for municipal systems and swimming pools.

 

Additional application includes its use as an abrasive in soaps, cleaners and polished, and a variety of foundry applications utilizing perlite’s insulating properties and high heat resistance. This same heat resistant property is taken advantage of when perlite is used in the manufacturer of refractory bricks, mortars and pipe insulation.

 

 

OPERATING ANALYSIS

 

PLANT AND MACHINERY

The proposed project would require following machinery and equipment’s.

 

Short Description

Quantity

Amount

(Rs. In Millions)

 

 

 

Complete set of fabricated Hopper Structure of Sandwich Type Shell with 10mm thick M.S. Plate and other accessories

1 set

2.500

VAT

 

0.313

Total (A)

 

2.813

 

 

 

Complete set of fabricated 8" Dia 3mm Thick, 10 feet long S.S.316 Ducting Gasket Ring, Ducting Support Structure and all necessary fittings

10 sets

1.100

 

 

 

Complete set of Fabricated Cyclone Separator with 3mm Thick M.S. Sheet, 15 H.P. Motors, ABB Make Blower and Auto Rotary Valve Gear Box etc.

02 sets

1.400

 

 

 

Complete set of dust collector with 800 mic 300 Celsius Filter bags, 15 Hp Motor, Automated synchronized air Flushing and rotary valve etc.

01 set

1.800

 

 

 

Complete set of fabricated 8" * 8" Thick square, 10 feet long S.S.316 Ducting with Gasket Ring, O ring and all necessary fittings

04 sets

0.800

 

 

 

3 Deck Horizontal Vibratory with 5 H.P. Motor with S.S. 375 Mesh size Sieves, 300 mesh size sieves and 250 mesh size sieves with all necessary fittings.

01 set

0.600

 

 

 

Main Electrical Control panel with Cooper Bush Bar includes Frequencies Meter, Volt Meter, AMP Meter, PF Meter, Wiring and cabling with all necessary fittings.

01 set

1.000

 

 

 

Total (Items 2-7)

 

6.700

 

 

 

5% VAT on Items 2-7

 

0.335

 

 

 

Total (B)

 

7.035

 

 

 

Total Cost (A+B)

 

 

9.846

 

 

RAW MATERIALS

 

The firm is planning to import and/or purchase unexpanded perlite ore from suppliers. Few quotations have been received for the required material. Some of them are enclosed herewith.

 

The approximate cost of raw material is USD 120/ tons including transportation expenses, which turns out at INR 8 to 10 per kg.

 

GAS

The present rate of commercial gas supply is approximately Rs.36/cubic centimeter however, as their firm has won the bid of auction from gas supplier - M/s. Harmec Limited, it has provided gas connection at a very competitive rates on 24hrs basis at 14.62/SCM plus royalty of 10% and VAT of 12.5+ additional tax of 2.5%, which in total is about INR 18/SCM.

 

 

ELECTRICITY

GEB will provide the electricity connection on 24 hr basis at the prevailing market rate.

 

 

OTHER CHARGES

Labour charges will depend upon the quantity to be produced. Baggage and packing expenses also depends upon the quantity to be produced.

 

 

CAPACITY UTILIZATION

Plant’s initial production capacity is 175 tons per month which can be maximized to 250 tons per month depending upon the orders received. It can be operated and has capacity top run continuously for 24 hours on daily basis to achieve the target. They have assumed capacity utilization at 70% in the first year with 10% increase in ensuing years.

 

 

MAN POWER REQUIREMENT

The unit will have total requirement of about 5 skilled and unskilled workers and about 2 persons to manage office functions. Looking to the general industrial base of Gujarat and Perlite Manufacturing Industries, the proposed unit will not have any difficulty in getting skilled and unskilled personnel required.

 

 

PERLITE RESOURCES AND MARKET COMPETITION

The only deposit of perlite is located in the village Patanvav, Rajkot District, Gujarat. It is found to occur in Osam Hill in the form of discontinuous sill. The total resources of perlite as per UNFC system as on 1.4.2010 are estimated at 2.41 millicn tons, out of which 12% are high-grade, 12% medium-grade, 6% lower-grade and the remaining 70% fall under unclassified category. Out of the total resources, about 18% fall under reserves and rest 82% are remaining resources.

 

Based on available information, the United States was estimated to be the leading consumer of processed crude and expanded perlite in 2011. Greece was estimated to have produced about 5,00,000 tons and sold or used the largest amount of perlite among world countries. World is participating at higher level in production and consumption of perlite.

 

Demand and use of perlite is increasing in India as well. Its multi-usage in fields of construction, horticulture and Industry is the main cause of increasing demand. The world reserves of perlite are placed at 700 million tons of which Greece and USA accounted for 50 million tons each. The available world production of perlite in 2010 in respect of principal countries was estimated at 3.32 million tons. Greece (23%). China (21%), USA (11%), Japan (6%) and Turkey (5%) were the leading producer.

 

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

 

 

BANK OF INDIA, SCIENCE CITY BRANCH

 

Installed Capacity

300 Metric tons per months

 

 

Project Details

The partners intends to set up perlite manufacturing plant with annual production capacity of 3000 metric tons by installing new plant + machinery and construction of new plant shed and by installing latest machinery.

 

 

Cost of Project

Machinery

Rs.9.554 Millions

Fabrication

Rs.3.972 Millions

Total

 

Rs.13.526 Millions

 

 

Means of Finance

Term Loan

Rs.9.800 Millions

Partner’s Contribution

Rs.3.726 Millions

 

 

Other Requirement

C/C of Rs.2.500 Millions and Bank Guarantee of Rs.1.500 Millions

 

 

Details of Funding Requirement

Term Loan-1 of Rs.7.385 Millions for Purchases of Plant and Machinery, Term Loan-2 of Rs.1.875 Millions for construction of shed, wall and fencing, C/C of Rs.2.500 Millions for working capital and Bank guarantee of Rs.1.296 Millions.

 

PROJECT DETAILS

 

They propose to set up a new plant to manufacture perlite at Block No.864, Kanawada, Tarapur District: Anand. The raw material is available in local market and they have also contacted alternate sources for the same in Mumbai as well as overseas. As Perlite can be used in various domestic and industrial units, its demand is increasing. The partners have already purchased land (8529 sq. yards, purchase cost - Rs.21, 00,000) from their own sources. The plant (shed, wall and fencing) and machinery has been finalized and orders will be placed upon the sanction of their proposal. The project implementation can be completed within 4-6 months of sanction. The factory is also strategically located whereby it’s located nearby its Gas provider. Due to its proximity the firm will be able to keep its gas pipeline installation and maintenance costs substantially lower compared to other such industrial units.

 

To fund the project, the partners wish to request Term Loan of Rs.9.800 Millions for purchase of machinery and fabrication. The partners would also like to request a C/C limit of Rs.2.500 Millions and Bank Guarantee limit of Rs.2.000 Millions towards Gas Supplier. The partners would like to request overall repayment period of 6 years with initial moratorium period of 6 months.

 

 

OPERATING ANALYSIS

 

PLANT AND MACHINERY

The proposed project would require following machinery and equipment’s.

 

Type of Machine 

Machinery Provider

Total Cost of Projects (Rs. In Millions)

For Term Loan 1

 

 

1-Fabrication Hopper with gas burner, blowers etc. Motor and Hoist Mounted

M/s Shah Associates

Cost 19.50

Vat-2.44

2.194

2-10 ft. Long SS 316 ducting with gasket ring etc.

M/s Shah Associates

Cost -8.00

Vat-0.40

0.840

3-Ele control pane with control panel and frequencies/ Volt/ AMP/ PF/ meters and all other Wiring/ fittings

M/s Shah Associates

Cost-5.33

Vat-027

0.560

 

 

 

Total 1+2+3

 

3.594

 

 

 

4-Complete set of fabricated 10ft long ducting with gasket ring, O ring, and all fittings. (10 sets)

M/s. Gajjar Technologies

1.180

 

 

 

5- Complete set of cyclone separator with 15hp Motor, ABB Blower, Auto rotary valve gear, Teflon Coated motor blower etc. (9 2 sets) 

M/s. Gajjar Technologies

1.600

 

 

 

6-Complete set of dust collector with 90filter bags, syn. Air Flushing Rotary valve, compressor, Tank, Oil/ dust collector and pipe line 1-set

M/s. Gajjar Technologies

2.200

 

 

 

7-deck Horizontal vibratory with 56 HP motor, SS 375 Mesh Size sieves and all fittings 1 set

M/s. Gajjar Technologies

0.700

 

 

0.284

8-VAT on Items 4to 7

 

 

Sub Total of 4to 8

 

5.964

 

 

 

GRAND TOTAL

 

9.554

 

 

 

For Term Loan -2

 

 

Construction of Ind shed/ building and allied civil construction works, compound wall, internal road, water utility provision etc. as per cost estimate approved by Bank valuer M/s Multi Mentor, as per Esti-Report date: 10.09.2014

 

3.972

 

 

 

Total Cost of Project

 

13.526

 

 

 

Loan Required

 

9.800

 

 

 

Partner’s Contribution

 

3.726

 

 

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

 

VALUATION REPORT

 

Name of Owner

GAJJAR ANILKUMAR BALVANTBHAI

GAJJAR NEHABEN ANILKUMAR

SHAH DEEPAK DALICHAND

SHAH VIBHABEN DEEPAK

 

 

Property

Industrial open vacant land only

No boundary wall/ identification and demarcation at site. Identified by and visited with representation of the owner Mr. Anilbhai Gajjar – Cell No.9925007609

 

 

Location

Revenue Block. Survey No.863+864 Kanavada – Dhudhari Road, At: Kanavada Taluka: Tarapur, District: Anand

 

 

Fair Market Value

Rs.4.140 Millions

Realizable Sale Value

Rs.3.520 Millions

Distress Sale Value

Rs.3.105 Millions

Registration Value

Rs.2.100 Millions

 

REPORT OF VALUATION OF IMMOVABLE PROPERTY

 

GENERAL INFORMATION

(PART – I)

 

Purpose for which valuation is made

To Opine Fair market value for the Bank of India, Science City Branch, Ahmedabad Only

 

 

Date on which valuation is made

10/09/2014

 

 

Name of owner/ owner name of buyer 

GAJJAR ANILKUMAR BALVANTBHAI

GAJJAR NEHABEN ANILKUMAR

SHAH DEEPAK DALICHAND

SHAH VIBHABEN DEEPAK

 

 

If the property is under joint ownership co-ownership, share of such owner are the shares undivided?

Co-Ownership

 

 

Brief description of the property

N.A. Industrial Open vacant land only

 

No boundary wall/ identification and demarcation at site. Identified by and visited with representation of the owner Mr. Anilbhai Gajjar – Cell No.9925007609

 

 

Location, Street, Ward No. etc.

Revenue Block. Survey No.863+864 Kanavada – Dhudhari Road, At: Kanavada Taluka: Tarapur, District: Anand

 

 

Survey / Plot No. of Land

Revenue Block. Survey No.863+864 Mouje: Kanavada,  Taluka: Tarapur, District: Anand

 

 

Is the property situated in Residential/ commercial/ mixed area/ industrial area

Out Skirt / under developed / agriculture/ rural area

 

 

Classification of locality – High Class/ Rural Class/  Middle Class/ etc.

Middle / Lower Middle Class

 

 

Proximity to civic amenities like schools, offices, market, cinemas etc.

With approx. 50 km from Anand and 60 km from Ahmedabad

 

 

Means and proximity to surface by which the locality us served.

By Surface vehicles

 

 

LAND

 

Area of land supported by documentary proof shape dimensions and Physical features.

7200.00 sq. mt.

 

Note:

They have considered total area for valuation purpose, with consideration of common plot etc. entire area; as being in the unit enclosed area (Single unit area) and used by the owner/ unit as per prevailing market practices. 

 

 

Four Boundaries

As per deed

As per Site

Towards North

Block / Sur. No.859 and Road

 

 

No boundary wall/ demarcation at site

Towards South

Block/ Sur. No.852 and 865

Towards East

Block/ Sur. No. 862

Towards West

Block/ Sur. No. 853 and 855

 

 

Roads street or lanes on which the land is abutting

Located on Kanavada – Dhudhari Road

 

 

Is it freehold or leasehold land?

Freehold

 

 

Is there any restrictive covenant in regard to use of land?

Lands is NA for Industrial use

 

 

 

 

SALES

 

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 area of land sold.

Following factors are considered for deriving valuation:

·         Regular Shape, Marketable Size

·         Located on Kanavada – Dhudhari Road, Nearness to Tarapur – Vataman Highway (Approx. 6 km distance)

·         Approx. 50 km distance from Anand and 60 km distance from Ahmedabad 

·         Easy availability of gas pipe line/ Fuel, near by fuel base industrial units like ceramic/ tiles unit, glass unit etc.

·         Out Skirt/ slow under developed agricultural/ mixed area.

·         Rural area, specific use/ marketability et.

 

Land rate adopted in this valuation or built up area rate

 

If sale instances are not available or not relied upon the basis of arriving at the land rate 

 

 

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

·         Guideline values maintained by Revenue department and sub. Registered Office

·         Rate quoted verbally by the land owners and / or estate developers/ brokers of the locality

·         Verbally/ local inquiry is made

 

 

 

APPROACH OF VALUATION

 

Here the registered valuer should discuss in details his approach to valuation of the property and indicate how the value has been arrived at, supported by necessary calculations. The valuation is derived on the basis of land and building method / market rate approach based on prevailing market / composite rate.

 

As per the verbal inquiry with local estate brokers, agriculture land nearby surrounding area is sold around Rs.1000000.00 - Rs.1200000.00 lakhs per vigha (i.e. Rs.400.00 - Rs.500.00 per square meter) depending upon the size, shape, frontage and location of the property.

 

As per the market analysis and considering above facts and factors, looking to the location and situation, we have considered prevailing land/ market rate derives to be Rs.550.00 - Rs.650.00 per square meter for ideal equivalent property in the neighborhood area. Based on the above and location / characteristic of the property; they have consider unit rate as under based on their opinion and experience.

 

Particulars

Calculation

Amount

(Rs. In Millions)

 

 

 

Open vacant N.A. land only

7200.00 Sq. Meter x Rs.575.00

Rs.4.140 Millions

 

 

FAIR MARKET VALUE

Fair Market Value as defined is estimated amount for which an asset should exchange on the date of valuation, between a willing buyer and a willing seller, in arm's length transaction after proper marketing, where in the parties had each acted knowledgably, prudently, and without compulsion.

 

Fair Market Value of the said property with the existing usable conditions and specifications to best of their opinion can be round up and considered as Rs.4.140 Millions.

 

 

REALIZABLE SALE VALUE

Realized Sale Value is considered as about 10 % - 20 % less than F. M. V., as the price the property would realize in open market on “As is where is basis". As Forced Sale is conducted with the sense of utmost urgency and with assumption of unwilling seller and the seller is compelled and forced to sale the property to liquidate it in terms of money to clear his debt or compelling circumstances.

 

Realizable Sale Value of the said property with the existing usable conditions and specifications to best of their opinion can be round up and considered as Rs.3.520 Millions.

 

 

DISTRESS SALE VALUE

Distress Sale Value is considered as about 20% - 30% less than F. M. V. because it reflects value in distress condition of the property. This value is always lower than fair market value of the property with identical specification. Value of the property offered for immediate sale who is in distress is called distress sale value of the property. There is absolute urgency to liquidate asset in terms of money.

 

Distress Sale Value of the said property with the existing usable conditions and specifications is to best of their opinion can be considered as Rs.3.105 Millions.

 

PLC / REGISTRATION VALUE

Prevailing Govt. Guide Line / Jantri rate provided to be Rs.290.00 per square meter for identical property based on inquiry from the local revenue practiners / registration: jantri value derives by the State Government represent guideline value fixed for stamp duty/ registration purpose.

 

Particulars

Calculation

Amount Rs.

Land

7200.00 s. meter x Rs.290.00

2088000.00

Say Rs.2.100 Millions

 

 

 

DLC / Registration Value of the said property can be considered as Rs.2.100 Millions with the existing usable condition and specification to best of their opinion; based on the registration of the similar identical properties with sub register office.

 

 

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

 

ESTIMATE

 

Purpose

For Bank of India, Science City Branch, Ahmedabad Only

 

 

Name of Owner

GAJJAR ANILKUMAR BALVANTBHAI

GAJJAR NEHABEN ANILKUMAR

SHAH DEEPAK DALICHAND

SHAH VIBHABEN DEEPAK

 

 

Location

Revenue Block/ Survey No.863+864 Kanavada – Dhudhari Road, At: Kanavada Taluka: Tarapur, District: Anand, Gujarat, India 

 

 

Brief Details of Civil Works:

Proposed civil construction and allied work of industrial Shed/ Building as described vide abstract.

 

 

The estimated amount of the proposed civil work with specified conditions and requirement to best of their opinion can be round up and considered as Rs.3.972 Millions

 

 

Particulars

Area S. Meter.

Rate Rs.S. Meter

Amount

(Rs. In Millions)

 

 

 

 

1. FACTORY SHED

Proposed with ground floor, MS frame structure with MS. Coated sheet, CC Flooring, Electrification with standard quality material and labors etc. complete

500.00

5000.00

2.500

 

 

 

 

2. OFFICE / GUEST HOUSE

Pc Composite structure, with RCC slab, Flooring door and windows, electrification with standard quality materials and labors etc. complete

32.00

8000.00

0.256

 

 

 

 

3. LABOUR QUARTERS

Proposed with ground floor, load bearing structure, MS roof with door and windows, flooring, electrification with standard quality materials and labors etc. complete

180.93

3500.00

0.633

 

 

 

 

4. GEB ROOM

Proposed with ground floor, load bearing structure, RCC slab with door, flooring, electrification with standard quality materials and labors etc. complete.

20.25

7000.00

0.142

 

 

 

A Total

 

3.531

 

 

 

B Extra Items (+)

7.50%

0.265

Compound wall, Internal Road, Water utilities provisions etc.

 

 

 

 

 

C. Contingency (+)

5%

0.176

 

 

 

Total (A+B+C)

 

 

3.972

 

 

 

 

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

 

TRADE REFERENCE

 

·         Sunshine Glass Private Limited

·         Shah Associates

·         Gajjar Technologies

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

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

 

1]         INFORMATION ON DESIGNATED PARTY

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

 

2]         Court Declaration :

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

 

3]         Asset Declaration :

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

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                              None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                          None

 

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

            Charges or investigation registered against subject:                                                          None

 

7]         Criminal Records

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

 

8]         Affiliation with Government :

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

 

9]         Compensation Package :

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

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

 

CORPORATE GOVERNANCE

 

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

 

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

 

CONTRAVENTION

 

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.85

UK Pound

1

Rs.97.01

Euro

1

Rs.77.62

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

1

OPERATING SCALE

1~10

2

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

1

--PROFITABILIRY

1~10

1

--LIQUIDITY

1~10

1

--LEVERAGE

1~10

1

--RESERVES

1~10

1

--CREDIT LINES

1~10

1

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

11

 

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.