MIRA INFORM REPORT
|
Report Date : |
15.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHANGOER TRADING AND EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
House No. 185/3, Gujira Bhat, Santan Talaulim, Goa Velha - 403108, Goa |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 [Provisional] |
|
|
|
|
Date of
Incorporation : |
26.12.2008 |
|
|
|
|
Com. Reg. No.: |
24-005977 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909GA2008PTC005977 |
|
|
|
|
IEC No.: |
1709000201 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRC10901C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC6000G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of Processed Tapioca. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company possesses a moderate financial profile marked by
accumulated losses which are gradually deteriorating by the incremental
albeit modest net profitability reported during past two years. Moreover, in order to maintain intact the liquidity, the promoters
have infused a hefty amount of equity which in turn shows the dedication,
sincerity and can do attitude of the management. Conversely, the management has also provided with the provisional
financial statements for FY 2013-2014, referring to which it appears that the
company has wiped off its accumulated losses from its trading business by
recording an average sales and profitability which is not verified and is
provided for your mere reference. The ratings also take into consideration the modest net profitability
due to low value adding nature of the business which would be soon overcome by
the continuous hard work by the promoters to set up an in-house processing
plant which may further flourish the business. Trade relations seem to be fair. Business is active. Payment terms are
reported as slow but correct. In view of financial, managerial and technical support from the well
experienced promoters backed by a concrete and sustainable business plan
which is often susceptible to raw material sourcing and availability due to
competition for starch derived products in almost every industry, the company
can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had willfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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. Roy Radjinderpersad Changoer |
|
Designation : |
Director |
|
Contact No.: |
91-9960321088 |
|
Date : |
13.10.2014 |
LOCATIONS
|
Registered Office : |
House No. 185/3, Gujira Bhat, Santan Talaulim, Goa Velha - 403108, Goa, India |
|
Tel. No.: |
91-832-2217015 |
|
Mobile No.: |
91-9960321088 [Mr. Roy Radjinderpersad Changoer] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
3700 BU 10500 Plot |
|
Location : |
Owned |
|
|
|
|
Factory : |
S-137, Verna Industrial Estate, Phase III, Verna, Salcete, Goa, India |
|
Area : |
11000 [Approx.] Land, 5500 Built-up |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Roy Radjinderpersad Changoer |
|
Designation : |
Director |
|
Address : |
House No. 185/3, Gujira Bhat, Santan Talaulim, Goa Velha - 403108, Goa, India |
|
Date of Birth/Age : |
12.06.1963 |
|
Qualification : |
Equivalent Management Graduate [Netherland] |
|
Experience : |
25 Years |
|
Date of Appointment : |
26.12.2008 |
|
PAN No.: |
AHEPC1588K |
|
DIN No.: |
02241753 |
|
|
|
|
Name : |
Ms. Sharika Roy Changoer |
|
Designation : |
Director |
|
Address : |
House No. 185/3, Gujira Bhat, Santan Talaulim, Goa Velha - 403108, Goa, India |
|
Date of Birth/Age : |
14.09.1984 |
|
Qualification : |
Propaedeutic Diploma Dutch Law |
|
Experience : |
5 Years |
|
Date of Appointment : |
26.12.2008 |
|
PAN No.: |
AHEPC1588K |
|
DIN No.: |
02360677 |
|
|
|
|
Name : |
Mrs. Yolanda Chandra Debi Changoer |
|
Designation : |
Director |
|
Address : |
House No. 185/3, Gujira Bhat, Santan Talaulim, Goa Velha - 403108, Goa, India |
|
Date of Birth/Age : |
04.12.1961 |
|
Qualification : |
MBA |
|
Experience : |
25 Years |
|
Date of Appointment : |
02.01.2009 |
|
PAN No.: |
AKSPC1588K |
|
DIN No.: |
02404709 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Roy Radjinderpersad Changoer |
35900 |
59.83 |
|
Sharika Roy Changoer |
12000 |
20.00 |
|
Yolanda Chandra Debi Changoer |
12100 |
20.17 |
|
|
|
|
|
Total |
60000 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Processed Tapioca. |
|
|
|
|
Exports : |
|
|
Products : |
Processed Tapioca |
|
Countries : |
Netherland |
|
Trade References
: |
M/s Rajesh B V Hoffsmid 13 Nootdorp-Holland 0031-651419858 |
|
|
|
|
Terms : |
|
|
Selling : |
Credit [30 Days] |
|
|
|
|
Purchasing : |
Credit [15 Days] |
PRODUCTION STATUS
|
Particulars |
Installed
Capacity |
|
|
|
|
Processed Tapioca |
450 Mts. |
|
|
|
GENERAL INFORMATION
|
Suppliers : |
Mr. Korah Address: SY No. 18/19, Palay
Village, Doda Marg, Taluka Sindhudurg, Maharashtra, India Contact No.: 91-9890851686 |
|
|
|
|
Customers : |
Wholesalers M/s Rajesh B V Hoffsmid 13 Nootdorp-Holland 0031-651419858 |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· HDFC Bank Limited Gournd Floor, Sesa Ghor, Patto, Panjim – 403001, Goa, India · Bank of India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J.P. Volvoiker and Associates Chartered Accountants |
|
Address : |
S7, Jairam Complex, C-1, 2nd Floor, Nevgi Nagar, Rua De Ourem Road, Panaji –
403001, Goa, India |
|
Tel. No.: |
91-832-2229756/ 6452776 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ABBPV2348C |
CAPITAL STRUCTURE
AS ON 31.03.2014
[PROVISIONAL]
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60,000 |
Equity Shares |
Rs. 100/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60,000 |
Equity Shares |
Rs. 100/- each |
Rs. 6.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 [Provisional] |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.000 |
6.000 |
0.100 |
|
(b) Reserves & Surplus |
0.568 |
(0.095) |
(0.170) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
6.568 |
5.905 |
(0.070) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.694 |
1.198 |
8.460 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1.694 |
1.198 |
8.460 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
1.782 |
1.889 |
0.200 |
|
(c)
Other current liabilities |
0.015 |
0.032 |
0.011 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
1.797 |
1.921 |
0.211 |
|
|
|
|
|
|
TOTAL |
10.059 |
9.024 |
8.601 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2.170 |
2.449 |
2.768 |
|
(ii)
Intangible Assets |
0.013 |
0.016 |
0.000 |
|
(iii)
Capital work-in-progress |
7.541 |
6.151 |
0.280 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.035 |
0.035 |
0.069 |
|
(d) Long-term Loan
and Advances |
0.155 |
0.155 |
1.138 |
|
(e)
Other Non-current assets |
0.008 |
0.009 |
0.011 |
|
Total
Non-Current Assets |
9.922 |
8.815 |
4.266 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
0.136 |
0.205 |
4.278 |
|
(e)
Short-term loans and advances |
0.001 |
0.004 |
0.057 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
0.137 |
0.209 |
4.335 |
|
|
|
|
|
|
TOTAL |
10.059 |
9.024 |
8.601 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 [Provisional] |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
12.748 |
8.986 |
5.943 |
|
|
|
Other Income |
0.029 |
0.034 |
0.096 |
|
|
|
TOTAL (A) |
12.777 |
9.020 |
6.039 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
9.428 |
6.101 |
4.218 |
|
|
|
Employees benefits expense |
0.073 |
0.070 |
0.000 |
|
|
|
Other expenses |
2.290 |
2.420 |
1.492 |
|
|
|
TOTAL
(B) |
11.791 |
8.591 |
5.710 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.986 |
0.429 |
0.329 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.986 |
0.429 |
0.329 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.323 |
0.320 |
0.319 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.663 |
0.109 |
0.010 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.034 |
0.003 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.663 |
0.075 |
0.007 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
9.561 |
8.986 |
5.943 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.05 |
7.51 |
7.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 [Provisional] |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
5.19 |
0.83 |
0.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.20 |
1.21 |
0.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.70 |
3.84 |
0.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.02 |
(0.14) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.26 |
0.20 |
(120.86) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.08 |
0.11 |
20.55 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014
[Provisional] |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.100 |
6.000 |
6.000 |
|
Reserves & Surplus |
(0.170) |
(0.095) |
0.568 |
|
Net
worth |
(0.070) |
5.905 |
6.568 |
|
|
|
|
|
|
Long-term borrowings |
8.460 |
1.198 |
1.694 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
8.460 |
1.198 |
1.694 |
|
Debt/Equity ratio |
(120.857) |
0.203 |
0.258 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014
[Provisional] |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5.943 |
8.986 |
12.748 |
|
|
|
51.203 |
41.865 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014
[Provisional] |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
5.943 |
8.986 |
12.748 |
|
Profit |
0.007 |
0.075 |
0.663 |
|
|
0.12% |
0.83% |
5.20% |
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 |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
(RS.
IN MILLIONS)
|
PARTICULARS |
31.03.2014 [Provisional] |
31.03.2013 |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors |
1.694 |
1.198 |
|
|
|
|
|
Total |
1.694 |
1.198 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2014-2015 |
2015-2016 |
|
|
SOURCES OF FUND |
|
|
|
1 |
Capital Account |
|
|
|
|
Balance b/f |
6.568 |
6.906 |
|
|
Add: Reserve and Surplus |
|
|
|
|
Net Profit |
0.838 |
1.060 |
|
|
|
7.406 |
7.966 |
|
|
|
|
|
|
|
Less: Drawings |
0.500 |
0.500 |
|
|
|
|
|
|
|
Sub-Total |
6.906 |
7.466 |
|
|
|
|
|
|
2 |
Term Liabilities
|
|
|
|
|
Term Loan |
9.188 |
7.350 |
|
|
Unsecured loans Directors |
2.193 |
2.193 |
|
|
|
|
|
|
|
Sub-Total |
11.381 |
9.543 |
|
|
|
|
|
|
3 |
Current
Liabilities |
|
|
|
a |
Bank CC |
2.000 |
2.000 |
|
|
|
|
|
|
b |
Trade Creditors |
0.435 |
0.282 |
|
|
|
|
|
|
c |
Other Liabilities |
0.600 |
0.700 |
|
|
|
|
|
|
|
Sub-Total |
3.035 |
2.982 |
|
|
|
|
|
|
|
TOTAL |
21.322 |
19.991 |
|
|
|
|
|
|
|
APPLICATION OF
FUND |
|
|
|
1 |
Fixed Assets |
|
|
|
|
Balance b/f |
21.135 |
21.135 |
|
|
Fixed Assets added |
|
|
|
|
Add: Capital Goods in process |
-- |
-- |
|
|
|
21.135 |
21.135 |
|
|
|
|
|
|
|
Less: Deprecation |
3.836 |
5.540 |
|
|
|
|
|
|
|
Sub-Total |
17.299 |
15.595 |
|
|
|
|
|
|
2 |
Current Assets |
|
|
|
a |
Cash and Bank Balance |
0.984 |
2.022 |
|
|
|
|
|
|
b |
Sundry Debtors |
1.500 |
1.312 |
|
|
|
|
|
|
c |
Finished Goods/ WIP |
0.669 |
0.498 |
|
|
|
|
|
|
d |
Stock of Raw Material and Spares |
0.870 |
0.564 |
|
|
|
|
|
|
e |
Loans and Advances |
0.000 |
0.000 |
|
|
|
|
|
|
f |
Other Current Assets |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub-Total |
4.023 |
4.396 |
|
|
|
|
|
|
|
TOTAL |
21.322 |
19.991 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED STATEMENT OF PROFITABILITY
(RS.
IN MILLIONS)
|
SR. NO. |
PARTICULARS |
2014-2015 |
2015-2016 |
|
|
|
|
|
|
|
INCOME |
|
|
|
1 |
Sales [Gross of Excise] |
13.500 |
15.750 |
|
|
Less: Excise |
-- |
-- |
|
|
|
|
|
|
|
Total [Income] |
13.500 |
15.750 |
|
|
|
|
|
|
|
EXPENDITURE |
|
|
|
1 |
Consumption of raw material |
7.425 |
6.300 |
|
|
|
|
|
|
2 |
Spare parts and consumables |
0.405 |
0.473 |
|
|
|
|
|
|
3 |
Power and fuel |
0.675 |
1.575 |
|
|
|
|
|
|
4 |
Direct Labour |
0.675 |
1.575 |
|
|
|
|
|
|
5 |
Freight Inward |
0.270 |
0.315 |
|
|
|
|
|
|
6 |
Depreciation |
2.587 |
1.705 |
|
|
|
|
|
|
|
Total |
12.037 |
11.942 |
|
|
|
|
|
|
7 |
Add: Opening Stock/ WIP |
-- |
0.669 |
|
|
|
|
|
|
|
Sub-Total |
12.037 |
12.611 |
|
|
|
|
|
|
8 |
Less: Closing Stock/ WIP |
0.669 |
0.498 |
|
|
|
|
|
|
|
Sub-Total |
11.368 |
12.113 |
|
|
|
|
|
|
9 |
Selling and General Expenses |
0.270 |
0.788 |
|
|
|
|
|
|
|
Total Cost of Sales
|
11.638 |
12.901 |
|
|
|
|
|
|
10 |
Operating Profit [before Interest] |
1.862 |
2.849 |
|
|
|
|
|
|
11 |
Interest |
0.665 |
1.335 |
|
|
|
|
|
|
12 |
Operating Profit [after Interest] |
1.197 |
1.514 |
|
|
|
|
|
|
13 |
Add: Non-Operating Income |
-- |
-- |
|
|
|
|
|
|
14 |
Profit [before Tax] |
1.198 |
1.514 |
|
|
|
|
|
|
15 |
Less: Provision for Tax |
0.359 |
0.454 |
|
|
|
|
|
|
16 |
Net Profit [after
Tax] |
0.838 |
1.060 |
|
|
|
|
|
|
17 |
Retained Profit % |
40.35 |
52.83 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. ROY
RADJINDERPERSAD CHANGOER
(RS. IN MILLIONS)
BANK
|
Bank |
Branch |
Present Balance |
|
Yes Bank Limited |
Panaji |
0.300 |
|
|
|
|
|
Yes Bank Limited |
Panaji |
0.100 |
|
|
|
|
|
HDFC Bank Limited |
Panaji |
0.002 |
|
|
|
|
|
HDFC Bank Limited |
Panaji |
0.003 |
|
|
|
|
|
ING Vysya Bank |
Panaji |
0.011 |
DETAILS
OF ASSETS
IMMOVABLE
PROPERTY
|
Assets |
Own / Joint name |
Area |
Free hold or
Lease hold |
Location/ address |
Purchase Cost |
Present Value |
Whether
encumbered (Give details) |
|
Flat / House |
Own Joint |
220 Sq. Mt. 375 BU 10600 Plot |
Freehold |
CHIMBEL [Unoccupied] 185/3 Gujira Bhat, Santan, Goa Velha [Self occupied] |
5.900 3.700 |
10.000 10.000 |
No No |
MOVABLE
PROPERTY
INSURANCE POLICIES
|
Name of Company
& Branch |
Policy No |
Date of issue |
Surrender Value |
|
ULIP HDFC HDFC Pension Support |
13709858 |
04.06.2011 |
2.700 2.400 |
|
|
|
|
|
|
HDFC Unit Linked Pension Plan |
13156756 |
-- |
1.000 |
|
|
|
|
|
|
ICICI Prudential |
-- |
22.04.2010 |
0.100 |
SHARES / DEBENTURES / MUTUAL FUND ETC. (COPY OF DEMAT STATEMENT TO BE ENCLOSED) : NIL
TERM
DEPOSITS
|
Bank/ Branch Name |
Type |
Amount and Date of Receipt |
|
HDFC Bank Limited |
F. D. |
Rs. 0.015
Million |
|
|
|
|
|
Yes Bank Limited |
-- |
Rs. 0.005
Million |
INVESTMENT IN GOVT. SECURITIES LIKE BONDS / PPF/ NSC / KVP / IVP ETC.:
NIL
VEHICLES: NIL
JEWELLERY
|
Particulars |
Quantity |
Valuation
[Approx] |
|
|
|
|
|
Gold |
100 Gms |
Rs. 0.300 Million |
|
|
|
|
CAPITAL INVESTED IN BUSINESS
|
Capital Invested |
Amount |
|
Provisional FY 2014 |
Rs. 3.590 Millions |
OTHER INVESTMENTS/ASSETS
|
Household assets
Approx. |
Rs. 0.500
Million |
|
|
|
|
Banks with
Unitech Limited |
Rs. 1.291
Millions |
|
|
|
|
HDFC |
Rs. 0.047
Million |
|
|
|
|
India Infrastructure Finance
Company Limited |
Rs. 0.023
Million |
AS
BORROWER
|
Borrowed from |
Purpose of Loan |
Amount of Loan |
Security |
Repayment Terms |
Outstanding Balance |
|
|
|
|
|
|
|
|
HDFC |
OD |
0.500 |
Hypothecation of
Shares |
NA |
0.250 |
|
|
|
|
|
|
|
|
Unsecured loans |
-- |
4.350 |
-- |
-- |
4.350 |
LEGAL HEIRS / FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Mr. Roy Radjinderprasad
Changoer |
Business |
Self |
51 |
Married |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Mrs. Yolanda
Chandra Changoer |
Business |
Wife |
53 |
Married |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Ms. Sharika Wd
Changoer |
Service/
Business |
Daughter |
30 |
Unmarried |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Mr. Ravindra
Rudresh Changoer |
Student |
Son |
19 |
Unmarried |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Ms. Raishree
Karishma Shivani Changoer |
Student |
Daughter |
15 |
Unmarried |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. YOLANDA CHANDRA DEBI
CHANGOER
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE
PROPERTY: NIL
MOVABLE
PROPERTY
INSURANCE POLICIES: NIL
SHARES / DEBENTURES / MUTUAL FUND ETC. (COPY OF DEMAT STATEMENT TO BE ENCLOSED): NIL
TERM DEPOSITS: NIL
INVESTMENT IN GOVT. SECURITIES LIKE BONDS / PPF/ NSC / KVP / IVP ETC.:
NIL
VEHICLES: NIL
JEWELLERY
|
Particulars |
Quantity |
Valuation
[Approx] |
|
|
|
|
|
Gold |
100 Gms |
Rs. 0.300 Million |
|
|
|
|
CAPITAL INVESTED IN BUSINESS
|
Name of the Firm/ Company |
Amount |
|
M/s. Changoer Trading and Exports Private Limited |
Provisional FY 2013-14 Rs. 1.210 Millions |
OTHER INVESTMENTS/ASSETS
|
Household assets
Approx. |
Rs. 0.300
Million |
LEGAL HEIRS / FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Mr. Roy
Radjinderprasad Changoer |
Business |
Self |
51 |
Married |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Mrs. Yolanda Chandra
Changoer |
Business |
Wife |
53 |
Married |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Ms. Sharika Wd
Changoer |
Service/
Business |
Daughter |
30 |
Unmarried |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Mr. Ravindra
Rudresh Changoer |
Student |
Son |
19 |
Unmarried |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Ms. Raishree Karishma
Shivani Changoer |
Student |
Daughter |
15 |
Unmarried |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MS. SHARIKA ROY CHANGOER
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE
PROPERTY: NIL
MOVABLE
PROPERTY
INSURANCE POLICIES: NIL
SHARES / DEBENTURES / MUTUAL FUND ETC. (COPY OF DEMAT STATEMENT TO BE ENCLOSED): NIL
TERM DEPOSITS
|
Bank/ Branch Name |
Type |
Amount and Date of Receipt |
|
Yes Bank Limited |
F. D. |
Rs. 0.020
Million |
INVESTMENT IN GOVT. SECURITIES LIKE BONDS / PPF/ NSC / KVP / IVP ETC.:
NIL
VEHICLES
|
Type of Vehicle |
Model |
Year of make |
Cost at the time of Purchase |
Present Value |
|
4 Wheeler Car |
Volkswagen Polo |
2014 |
0.600 |
0.550 |
|
|
|
|
|
|
JEWELLERY
|
Particulars |
Quantity |
Valuation
[Approx] |
|
|
|
|
|
Gold |
100 Gms |
Rs. 0.300 Million |
|
|
|
|
CAPITAL INVESTED IN BUSINESS
|
Name of the Firm/ Company |
Amount |
|
M/s. Changoer Trading and Exports Private Limited |
Provisional FY 2013-14 Rs. 1.200 Millions |
LEGAL HEIRS / FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Mr. Roy
Radjinderprasad Changoer |
Business |
Self |
51 |
Married |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Mrs. Yolanda
Chandra Changoer |
Business |
Wife |
53 |
Married |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Ms. Sharika Wd
Changoer |
Service/
Business |
Daughter |
30 |
Unmarried |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Mr. Ravindra
Rudresh Changoer |
Student |
Son |
19 |
Unmarried |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
|
|
|
|
|
|
|
|
Ms. Raishree
Karishma Shivani Changoer |
Student |
Daughter |
15 |
Unmarried |
House No. 185/3,
Gujira Bhat, Santan, Talaulim, Goa Velha, Goa, India |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
VALUATION
OF IMMOVABLE PROPERTY SITUATED AT PLOT NO. S-137, VERNA INDUSTRIAL ESTATE,
SALCETE-GOA
(GENERAL DETAILS)
|
Purpose for which valuation is made |
Property offered as security to Bank |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Date as on which valuation is made |
18th September, 2014 |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Name of the Owner |
M/s. Changoer Trading and Exports Private Limited vide Memorandum of Understanding made at Margao-Goa on 23rd
November 2013. |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Brief description etc. |
Industrial Plot No. S-137 admeasuring 1000 m2 with factory building admeasuring about 530 m2 of built-up area situated at Verna Industrial Estate, Salcete-Goa. |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Location, Street, Ward No. |
Verna Industrial Estate |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Survey / Plot No. of Land |
All the said landed property being Plot No. S-137 admeasuring 1000 m2 in the property known as Verna Industrial Estate bearing survey no. 282 neither registered in the Land Registration Office nor registered in the Taluka Revenue Office and now situated within the Village Panchayat limits of Loutolim, Taluka Salcete, District South Goa, State Goa and bounded as follows: On or towards the East by: Plot No. 8-144 On or towards the West by: GIDC Internal Road On or towards the North by: Plot No.8-138 On or towards the South by: GIDC Internal Road |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Is the property situated in the Residential/
Commercial/ Mixed Area/ Industrial Area |
Industrial Area |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Proximities to civic amenities like School,
Hospitals, cinema etc. |
All civic amenities are within about 5 Km
distance |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Means and proximity to surface communication
by which the locality is served |
Road transport |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Area of land, supported by documentary
proof, shape dimension and physical features |
1000 m2 |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
If leasehold, the name of lessor/ lessee,
nature of lease, dates of commencement and termination of lease, terms of
renewal of lease. 1) Initial premium 2) Ground rent payable per annum 3) Unearned increase payable to the lessor in the event of sale or
transfer |
Lessor: The Goa Industrial Development
Corporation. Lessee: M/s. Changoer Trading and Exports
Private Limited |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Is it freehold or leasehold land |
Leasehold Land |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Is there any agreement of easements? If so
attach copies |
No |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Does the land fall in an area included in
any Town Planning Scheme or any development plan of Government or any
statutory body? If so, give particulars |
No |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Has any contribution been made towards
development or is any demand for such contribution still outstanding |
No |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Has the whole or part of land been notified
for acquisition by Government or any statutory body? Give date of the
notification |
No |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Furnish technical details of the building on
a separate sheet. The Annexure to this form may be used |
Refer Part II Valuation |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Is the building owner occupied/ tenanted /
both |
Owner occupied |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Who has to bear the cost of electricity
charges for lighting of common space like entrance hall, stairs, passages,
compound etc. owner or tenant? |
Owner |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
What is the amount of property tax? Who is
to bear it? Give details with documentary proof |
Owner |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Is the building insured? If so give the
Policy No. amount for which it is insured and the annual premium |
No |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Land rate adopted in this valuation |
Rs. 5000/- per Sq. Mtr. |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
If sale instances are not available or nor relied
upon the basis of arriving at the land rate |
Market enquiry |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Year of Commencement of construction and
year of completion |
Year 2012 vide Occupancy certificate no.
GIDC/ GM (E) Verna Industrial Estate/P/ No. S-137/3330 dated 13.12.2012 |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
PART II VALUATION Inspection Report The property was inspected by the
undersigned on the 18th September 2014 in the presence of Mr. Roy,
the owner. The property consists of industrial plot bearing no. S-137 at Verna Industrial Estate admeasuring 1000 m2 with a factory shed totally admeasuring about 530 m2 of built-up area, enclosed by an existing compound wall. Valuation: Valuation is done by “Cost Approach” by adopting “Land and Building Method”. Land: The Plot No.S-137 admeasuring 1000 m2 is a leasehold plot, allotted to M/s. Changoer Trading and Exports Private Limited. Annual lease rent @ 2% of initial premium @ Rs. 2000/- per m2 fixed by G.I.D.C. Factory considered for valuation of leasehold land: Plot at Verna Industrial Estate are in very high demand and there are reportedly no plots available at present with G.I.D.C. for fresh allotments. As per the terms of Lease the plots are transferable with prior written consent of G.I.D.C. The industrial plots therefore command
market premium. Considering the location, the extent of land
and present market demand for industrial plots in the industrial estate
[based on their market enquiry], the leasehold right to the industrial plot
bounded and bounded by existing compound wall around it, is valued as under:
Building / Construction Built up area:
Carpet area: 470.00 m2
approx. Brief Specifications · Rectangular structure with R.C.C. columns with M.S. trusses, purlins, bracings with AC sheet roof with laterite stone masonry with cement plaster both internally and externally. · Kotah stone flooring. · Glazed tiles dados to height of about 2.10 m · Open surface wiring in PVC pipes. · Aluminium glazed sliding windows with M.S. Grills. · Compound wall without plaster on 3 sides and retaining wall on one side to plinth height.
Distress Sale Value is estimated @ 85% of
market value i.e. say Rs. 9.794 Millions Registration value of similar property in
sub registrar’s office would be around Rs. 8.000 Millions. |
|||||||||||||||||||||||||||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
VALUATION
OF FLAT NOS. 401/402 LOCATED ON THE FOURTH FLOOR OF BLOCK B-1 IN THE BUILDING
COMPLEX KNOWN AS “LAWANDE HERITAGE” SITUATED AT CHIMBEL, TISWADI-GOA
(GENERAL DETAILS)
|
Purpose for which valuation is made |
To estimate market value of the property
offered as security to Bank. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Date as on which valuation is made |
17th September 2014 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name of the Owner |
Mr. Roy Radjinderpersad Changoer vide Agreement
for Confirmation of Agreement of Sale made at Panaji-Goa on 20th
October 2012. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Brief description etc. |
Flat Nos. 401/402 admeasuring 231 m2 of super built up area located on the fourth floor of block B-1 in the building complex known as “Lawande Heritage” situated at Chimbel, Tiswadi-Goa. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Location, Street, Ward No. |
Chimbel, Tiswadi-Goa |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Survey / Plot No. ofLand |
All that an immovable property known as “BHATULEM” or “MANSEBHAT” situated at Chimbel Village, Tiswadi Taluka within the jurisdiction of the village Panchayat of Chimbel, North Goa District, State of Goa, admeasuring 4230 m2 described in the Land Registration records of Ilhas at Panaji under No. 16383 at Folio 99 of Book B-43 New and surveyed in the survey records of Chimbel Village under No. 17/1, not registered in Land Revenue Office. The said property is an independent and distinct property at site and was a part of the larger property of the same name and earlier described in the Land Registration Office of Ilhas at Panaji under No. 1534 of Book B-18 old. The said property is bounded as under: On the East: By the property bearing survey no. 17/2 On the West: By the property bearing survey no. 14/2 and 14/2A On the North: By the Property bearing survey No. 16 On the South: By public road. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Is the property situated in the Residential/
Commercial/ Mixed Area/ Industrial Area |
Residential Area |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Classification of locality – High class/
middle class/ poor class |
Middle Class |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Proximities to civic amenities like School,
Hospitals, cinema etc. |
All civic amenities available within about 5
Km distance |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Means and proximity to surface communication
by which the locality is served |
Road transport |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
LAND |
|
||||||||||||||||||
|
Area of land, supported by documentary
proof, shape dimension and physical features |
4230 m2 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Roads, street of lanes on which the land is
abutting |
Village Road |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Is it freehold or leasehold land |
Freehold Land |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Is there any restrictive convenant in regard
to use of land. If so, attach a copy of the convenant |
No |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Is there any agreement of easements? If so
attach copies |
No |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Does the land fall in an area included in
any Town Planning Scheme or any development plan of Government or any
statutory body? If so, give particulars |
No |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
What is the amount if property tax? Who is
to bear it? Give details with documentary proof |
Owner has to bear property tax |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
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 the land sold |
Not readily available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Land rate adopted in this valuation |
Valuation is done by composite rate method
on comparative sales basis. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
If sale instances are not available or nor
relied upon the basis of arriving at the land rate |
Market enquiry |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
COST OF CONSTRUCTION |
|
||||||||||||||||||
|
Year of Commencement of construction and
year of completion |
Year 2008 Year 2010 vide Occupancy certificate no. VP/
CHIM/ 2010-2011/270 dated 18/05/2010 issued by village Panchayat Chimbel,
Tiswadi-Goa. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
PART II VALUATION Inspection Report The property was inspected by the
undersigned on the 17th September 2014 in the presence of Mr. Roy,
the owner. Description of
property Flat Nos. 401/402 admeasuring 231 m2 of super built up area located on the fourth floor of block B-1 in the building complex known as “Lawande Heritage” situated at Chimbel, Tiswadi-Goa. The premises consist of two adjacent 2-BHK flats no. 401 and no. 402 combined into one larger flat. S. Built up area: 231 m2 Carpet area: 176 m2 approx. Brief Specifications Ø R.C.C. framed structure with laterite stone/brick masonry walls
plastered externally with double coat sand faced cement plaster and
internally with neeru finished single coat cement plaster. Ø Vitrified tiles flooring. Ø T.W. paneled and polished doors for main entrance door and half glazed
French door to balcony. Ø Black granite top kitchen platform with S.S. sink and glazed tiles
dados. Ø Concealed electrical installation. Ø Internal bedroom doors are of veneered flush door shutters in wooden
frames with polished finished. Ø Powder coated aluminium sliding windows without grills. Ø Four modern combined toilets with E.W.C., shower, wash basin, with
glazed tiles dados and ceramic tiles floor. Ø Exclusive roof terrace above accessible by internal staircase. Valuation: The flat no. 401/402 is a combined flat
comprising two adjacent flats on the 4th Floor of building no. B-1
of “Lawande Heritage” building complex, situated at Chimbel about 2.5 to 3Km
from Panaji city. The combined flat consists of four bedrooms
with attached toilets, living, dining, family room, kitchen and verandahs. The flat has been allotted 2 car parking
slots on G.F. the flat has also the advantage of exclusive / private roof
terrace accessible by internal staircase. The building is provided with OTIS passenger
lift and has common lift and has common life style facilities like swimming
pool, common security, compound wall and gate.
Distress Sale Value is estimated @ 85% of
market value i.e. say Rs. 9.473 Millions. Registration value of similar property in
sub registrar’s office would be around Rs. 8.000 Millions. |
|||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
PROJECT REPORT
ABOUT THE
PROMOTERS: Promoters are a private limited company known as Changoer Trading and
Exports Private Limited. It is a closely held company of family members. Key
director of the firm is Mr. Roy Changoer who has several years' business
experience of managing food stores/super markets at Netherland. All the family
members are Persons of Indian Origin (PIO) and holding Dutch Passports. Based
on their experience and ease of marketability; they have chosen to start a unit
for the processing of Tapioca Chips. Most of the production is intended for
export to Netherland.
The raw material will be obtained from Kerala where it is abundantly
available. Prompters are also in touch with several farmers in Goa where the
plantation of tapioca is already undertaken and at least partially the raw
material will be available locally itself.
The unit is being set up at S-137, Verna Industrial Estate (Phase III).
The Shed is being transferred through IDC from Verna Print and Pack. The said
unit has a plot of 1000 sq meters and built up shed of about 460 sq meters.
The Transfer Order is likely to be issued in about a week's time by Goa
IDC.
Tapioca: This species is
native to Northern Brazil but spread throughout the South American continent.
The plant was carried by Portuguese and Spanish explorers to most of the West
Indies, and continents of Africa and Asia, including the Philippines and
Taiwan; it is cultivated worldwide.
In Brazil, the plant (cassava) is named mandioca, while its starch is
called tapioca. The name tapioca is derived from the word tipioka, its name in
the Tupi language, which was spoken by the natives when the Portuguese first
arrived in the Northeast of Brazil. This Tupi word refers to the process by
which the cassava starch is made edible. As the food and word were taken to
other areas, "tapioca" was also applied to similar preparations made
with other esculents.
Tapioca is a staple food in some regions, and it is used worldwide as a
thickening agent in various foods. It is a gluten-free food.
Tapioca is one of the purest forms of starch food, and the production
varies from region to region.
The cassava plant has either red or green branches with blue spindles on
them. The root of the green branched variant requires treatment to remove
linamarin, a cyanogenic glycoside occurring naturally in the plant, which
otherwise may be converted into cyanide. Konzo (also called mantakassa) is a
paralytic disease associated with several weeks of almost exclusive consumption
of insufficiently processed bitter cassava.
In the North and Northeast of Brazil, traditional community based
production of tapioca is a by-product of manioc flour production from cassava
roots. In this process, the manioc (after treatment to remove toxicity) is
ground to a pulp with a small hand- or diesel-powered mill, This masa is then
squeezed to dry it out, The wet masa is placed in a long woven tube called a
tipiti. The top of the tube is secured while a large branch or lever is
inserted into a loop at the bottom and used to stretch the entire implement
vertically, squeezing a starch-rich liquid out through the weave and ends, This
liquid is collected and the water allowed to evaporate, leaving behind a
fine-grained tapioca powder similar in appearance to com starch.
Commercially, the starch is processed into several forms: hot soluble
powder, meal, pre-cooked fine/coarse flakes, rectangular sticks, and spherical
"pearls". Pearls are the most widely available shape; sizes range
from about 1 mm to 8 mm in diameter, with 2-3 mm being the most common.
Flakes, sticks, and pearls must be soaked well before cooking, in order
to rehydrate, absorbing water up to twice their volume. After rehydration,
tapioca products become leathery and swollen. Processed tapioca is usually
white, but sticks and pearls may be colored. Since old times, the most common
color applied to tapioca has been brown, but recently pastel colors have been
available. Tapioca pearls are generally opaque when raw, but become translucent
when cooked in boiling water.
Brazil in South America, Thailand in Asia, and Nigeria in Africa are the
world's largest producers of cassava, Currently, Thailand accounts for about
60% of worldwide exports.
In Brazilian cuisine, tapioca is used for different types of meals. In
beiju (or biju), the tapioca is moistened, strained through a sieve to become a
coarse flour, then sprinkled onto a hot griddle or pan, where the heat makes
the starchy grains fuse into a flatbread which resembles a grainy pancake. Then
it may be buttered and eaten as a toast (its most common use as a breakfast
dish), or it may be filled or topped with either salgados (salty ingredients)
or doces (sweet ingredients), which define the kind of meal the tapioca is used
for: breakfast/dinner, or dessert. Choices for fillings range from butter,
cheese, ham, bacon, various kinds of meat, chocolate, fruits such as ground
coconut, condensed milk, chocolate with sliced pieces of banana or strawberry,
among others. This kind of tapioca dish is usually served warm.
A regional dessert called sagu is also made in Southern Brazil from
tapioca pearls cooked with cinnamon and cloves in red wine. The cassava root is
known by different names throughout the country: mandioca in the North,
Central-West and in Sao Paulo; tapioca or macaxeira in the Northeast; aipim in
the Southeast (especially in Rio de Janeiro).
The fine-grained tapioca starch is called polvilho, and it is classified
as either "sweet" or "sour". Sour polvilho is commonly used
in dishes such as pao de queijo or "cheese bread", in which the
starch is mixed with a certain type of cheese similar to parmigiano (Parmesan),
eggs and butter and baked in the oven. The final result is an aromatic, chewy
and elastic kind of bread that is ubiquitous across the country. Sour cassava
flour is mixed into mashed beans to make the dish tutu de feijao.
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
TRADE REFERENCE
Mr. Kohra [91-9890851686]
Address: Sy No. 18/19,
Palay Village, Doda Marg, Taluka Sindhudurg, Maharashtra, India
Activity: Supplier of
Tapioca for the proposed unit
FIXED ASSETS:
· Plant and Machinery
· Vehicles
· Accounting Software
------------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records 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] 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. 61.11 |
|
|
1 |
Rs. 98.15 |
|
Euro |
1 |
Rs. 77.68 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.