MIRA INFORM REPORT
|
Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SONARCH INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gala No.30/111, Shree Laxmi Vijay Industrial Co-operative Society
Limited, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai –
400053, Maharashtra |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of Incorporation
: |
19.02.2008 |
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|
|
|
Com. Reg. No.: |
11-179108 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 16.667 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2008PTC179108 |
|
|
|
|
IEC No.: |
0308005058 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS58891A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS7685K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Trading in Vitrified Tiles. |
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|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
Litigation : |
Clear |
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|
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Comments : |
Subject is an established company having a moderate track record. External borrowing of the company seems to be huge during 2014. Profitability
of the company also appears to be low. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. 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 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: “B+” |
|
Rating Explanation |
Have high risk of default |
|
Date |
07.02.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A4” |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
|
Date |
07.02.2014 |
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 (PARTIAL DETAILS)
|
Name : |
Ruchi |
|
Designation : |
Admin. Manager |
|
Contact No.: |
91-22-67286730 |
|
Date : |
18.10.2014 |
LOCATIONS
|
Registered Office : |
Gala No.30/111, Shree Laxmi Vijay Industrial Co-operative Society Limited,
Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-67286700/ 67286730 |
|
Mobile No.: |
91-9821320920 (Mr. Tejas Anil Shah) 91-9870920150 (Ms. Gautami) |
|
Fax No.: |
91-22-67286712 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
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Branch Office (Chennai) : |
106, D’castor Road, Basin Bridge, Chennai – 600006, Tamilnadu, India |
|
Location : |
Owned |
|
|
|
|
Branch Office (Bangalore) : |
269/1, Mysore Road, Near BSNL Telephone Exchange, Bangalore – 560026,
Karnataka, India |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Tejas Anil Shah |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
302, 3rd Floor, Shibani Apartment, Sarojini Road, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.04.1974 |
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Qualification : |
B.E.(Electronic), D.B.M. |
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Date of Appointment : |
19.02.2008 |
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DIN No.: |
01769290 |
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Other Directorship :
|
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|
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|
Name : |
Mr. Hemanshu Rameshchandra Doshi |
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|
Designation : |
Director |
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|
Address : |
2/12, Jain Society, Cama Lane, J. M. Marg, Ghatkopar (West), Mumbai,
400086, Maharashtra, India |
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|
Date of Birth/Age : |
30.11.1969 |
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Date of Appointment : |
25.01.2013 |
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|
DIN No. : |
06517948 |
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|
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|
Name : |
Mr. Charudutt Sarjerao Patil |
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|
Designation : |
Director |
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|
Address : |
Flat No. 102, Harivihar || Near Bachav Classes, Jail Road, Nashik
Road, Nashik - 422101, Maharashtra, India |
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|
Date of Birth/Age : |
01.06.1977 |
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Date of Appointment : |
16.08.2014 |
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DIN No. : |
05236699 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Ruchi |
|
Designation : |
Admin. Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Anil Himatlal Shah |
6600 |
|
Sarla Anil Shah |
4400 |
|
Tejas Anil Shah |
70241 |
|
Sona Tejas Shah |
18750 |
|
Nilesh Jaswant Parekh |
33333 |
|
Niraj M. Ved |
33333 |
|
Ashwin V. Khimsariya |
1 |
|
Balaji S. Kadam (HUF) |
1 |
|
Geeta G. Kabre |
1 |
|
Hasmukh A. Vira (HUF) |
1 |
|
Hirachand P. Maiseri |
1 |
|
Mulchand P. Gada (HUF) |
1 |
|
Sunil A. Shinde |
1 |
|
Chintamani Export, India |
1 |
|
Ramesh R. Shah |
1 |
|
Total |
166666 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
59.99 |
|
Others |
40.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Vitrified Tiles. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
· Corporation Bank, Vile Parle Branch, 8&9,Kadamgiri Complex, Hanuman Road, Vile Parle (East), Mumbai - 400057, Maharashtra, India · Corporation Bank, Large Corporate Branch, 301-302,The Egale Flight, Suren Road, Andheri Kurla Road, Andheri (East), Mumbai - 400093, Maharashtra, India · Union Bank of India, Mohammed Ali Road Branch, 56, Karim Building, Mohammed Ali Road, Mumbai - 400003, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
Ashvin Thumar and Company Chartered Accountants |
|
Address : |
42, Ankur Apartment, C.S. Cross Road, Anand Nagar, Dahisar (East), Mumbai – 400068, Maharashtra, India |
|
Tel. No. : |
91-22-28070077 |
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Mob. No.: |
91-9819993852 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AFCPT4527N |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000 |
Equity Shares |
Rs.100/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
166,666 |
Equity Shares |
Rs.100/- each |
Rs. 16.667 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
16.667 |
16.667 |
16.667 |
|
(b) Reserves & Surplus |
29.069 |
24.662 |
23.456 |
|
(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) |
45.736 |
41.329 |
40.123 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
199.599 |
55.377 |
45.637 |
|
(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) |
199.599 |
55.377 |
45.637 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
173.983 |
106.177 |
108.810 |
|
(b) Trade
payables |
538.926 |
127.407 |
121.416 |
|
(c) Other
current liabilities |
3.383 |
9.946 |
14.575 |
|
(d) Short-term
provisions |
1.558 |
0.412 |
2.551 |
|
Total Current
Liabilities (4) |
717.850 |
243.942 |
247.352 |
|
|
|
|
|
|
TOTAL |
963.185 |
340.648 |
333.112 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5.118 |
5.881 |
6.776 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
0.392 |
0.020 |
0.160 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
5.510 |
5.901 |
6.936 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
190.397 |
142.958 |
118.249 |
|
(c) Trade
receivables |
726.237 |
169.729 |
186.287 |
|
(d) Cash
and cash equivalents |
18.394 |
13.821 |
17.795 |
|
(e)
Short-term loans and advances |
22.647 |
8.239 |
3.820 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.025 |
|
Total
Current Assets |
957.675 |
334.747 |
326.176 |
|
|
|
|
|
|
TOTAL |
963.185 |
340.648 |
333.112 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1713.584 |
614.110 |
583.064 |
|
|
|
Other Income |
2.981 |
2.851 |
3.032 |
|
|
|
TOTAL (A) |
1716.565 |
616.961 |
586.096 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
1671.533 |
|
|
|
|
|
Changes in inventories of finished goods |
(47.438) |
(24.709) |
|
|
|
|
Direct expenses |
11.672 |
33.953 |
|
|
|
|
Employee benefit expenses |
13.336 |
10.807 |
|
|
|
|
Other expenses |
38.036 |
20.997 |
|
|
|
|
TOTAL (B) |
1687.139 |
594.571 |
560.905 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
29.426 |
22.390 |
25.191 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.682 |
18.463 |
20.129 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.744 |
3.927 |
5.062 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.324 |
1.635 |
1.708 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
6.420 |
2.292 |
3.354 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.013 |
1.086 |
1.322 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
4.407 |
1.206 |
2.032 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
26.44 |
7.24 |
12.19 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
0.26 |
0.20 |
0.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.37 |
0.37 |
0.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.67 |
0.67 |
1.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.06 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
8.17 |
3.91 |
3.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.37 |
1.32 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
16.667 |
16.667 |
16.667 |
|
Reserves & Surplus |
23.456 |
24.662 |
29.069 |
|
Net
worth |
40.123 |
41.329 |
45.736 |
|
|
|
|
|
|
long-term borrowings |
45.637 |
55.377 |
199.599 |
|
Short term borrowings |
108.810 |
106.177 |
173.983 |
|
Total
borrowings |
154.447 |
161.554 |
373.582 |
|
Debt/Equity
ratio |
3.849 |
3.909 |
8.168 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
583.064 |
614.110 |
1713.584 |
|
|
|
5.325 |
179.035 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
583.064 |
614.110 |
1713.584 |
|
Profit |
2.032 |
1.206 |
4.407 |
|
|
0.35% |
0.20% |
0.26% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Shareholders, Directors, Relatives and Friends |
198.726 |
54.181 |
|
Total |
198.726 |
54.181 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENTS OF WORKING CAPITAL EQUIPMENTS
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 |
31.03.2016 |
|
(Estimates) |
(Projections) |
||
|
|
|
|
|
|
1 |
Domestic Sales |
2564.027 |
3846.040 |
|
2 |
Export Sales |
-- |
-- |
|
|
|
|
|
|
3 |
Total
Sales |
2564.027 |
3846.040 |
|
|
|
|
|
|
4 |
% of rise in sales (+)/ Fall (-) |
50.00% |
50.00% |
|
|
|
|
|
|
5 |
Exporter
Incentives |
|
|
|
a |
Opening Stock |
184.731 |
274.030 |
|
|
|
|
|
|
b |
Purchases |
2435.825 |
3653.738 |
|
|
|
|
|
|
c |
Direct Expenses |
76.921 |
115.381 |
|
|
|
|
|
|
d |
Closing Stock |
274.030 |
411.045 |
|
|
|
|
|
|
|
Sub
Total (Total Cost of Sales) |
2423.447 |
3632.104 |
|
|
|
|
|
|
6 |
Gross Profit (3-4) |
140.580 |
213.936 |
|
|
|
|
|
|
7 |
Service Charges and Other Income |
-- |
-- |
|
|
|
|
|
|
|
Sub Total (6+7) |
140.580 |
213.936 |
|
|
|
|
|
|
8 |
Selling General and Admin. Expenses and Personnel Cost |
80.767 |
121.150 |
|
|
|
|
|
|
9 |
Operating profit Before Depreciation and Interests |
59.813 |
92.786 |
|
|
|
|
|
|
10 |
Depreciation |
1.200 |
1.200 |
|
|
|
|
|
|
11 |
Operating Profit before Interests |
58.613 |
91.586 |
|
|
|
|
|
|
12 |
Interests |
45.300 |
65.000 |
|
|
|
|
|
|
13 |
Operating Profit After Interests |
13.313 |
26.586 |
|
|
|
|
|
|
14 |
Other Income/ Expenditure (Non-Operating) |
|
|
|
|
|
|
|
|
15 |
Add: Income |
3.000 |
3.000 |
|
|
|
|
|
|
16 |
Deduct: Expenses |
-- |
-- |
|
|
Sub Total |
-- |
-- |
|
|
|
|
|
|
17 |
Profit Before Tax/ Loss |
16.313 |
29.586 |
|
|
|
|
|
|
18 |
Less: Provision for Taxes |
5.383 |
9.763 |
|
|
|
|
|
|
19 |
Net
Profit after tax |
10.930 |
19.822 |
|
|
|
|
|
|
20 |
Retained Profit of Previous years |
-- |
-- |
|
|
|
|
|
|
21 |
Less: Appropriations |
|
|
|
|
|
|
|
|
|
- Proposed Dividend |
-- |
-- |
|
|
|
|
|
|
|
- Transport to General Reserve |
-- |
-- |
|
|
|
|
|
|
22 |
Retained
Profit/ (Loss) |
10.930 |
19.822 |
|
|
|
|
|
|
|
PBT/
Gross Sales |
0.64% |
0.77% |
|
|
PAT/
Gross Sales |
0.43% |
0.52% |
|
|
Dividend
Rate (%) |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS.
IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 |
31.03.2016 |
|
(Estimates) |
(Projections) |
||
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
1 |
|
|
|
|
a) |
Short Term Bank
Borrowings |
|
|
|
|
(i) From Corporation Bank |
-- |
-- |
|
|
(ii) Cash Credit |
-- |
-- |
|
|
|
|
|
|
b) |
Short Term Bank
Borrowings |
|
|
|
|
(i) From Union Bank of India |
-- |
-- |
|
|
(ii) Cash Credit –Cum-Letter of
Credit |
500.000 |
500.000 |
|
|
|
|
|
|
|
Sub Total (A) |
500.000 |
500.000 |
|
|
|
|
|
|
2 |
Sundry Creditors for goods (Including
under L/C-100.000 Millions |
181.500 |
195.600 |
|
|
|
|
|
|
3 |
Sundry creditors for Expenses |
15.400 |
16.500 |
|
|
|
|
|
|
4 |
Unsecured Loans and deposits other than
quasi equity |
-- |
-- |
|
|
|
|
|
|
5 |
Advance Received from Customers |
-- |
-- |
|
|
|
|
|
|
6 |
Provision for taxation if any |
3.500 |
5.500 |
|
|
|
|
|
|
7 |
Term Liability due within 1 year |
0.600 |
0.600 |
|
|
|
|
|
|
8 |
Other Current Liabilities and Provision
(Due within 1 years) |
-- |
-- |
|
|
|
|
|
|
|
Sub
Total (B) |
201.000 |
218.200 |
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES (A+B) |
701.000 |
718.200 |
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
9 |
Unsecured Loans and Deposits which are in
the nature of quasi equity |
195.500 |
195.500 |
|
|
|
|
|
|
10 |
Term Loans |
0.714 |
0.114 |
|
|
|
|
|
|
11 |
Other Term Liabilities, if any
(Debentures) |
-- |
-- |
|
|
|
|
|
|
|
Sub
Total (C) |
196.214 |
195.614 |
|
|
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
897.214 |
913.814 |
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
|
|
12 |
Paid up Share Capital |
16.666 |
16.666 |
|
|
|
|
|
|
13 |
Share Premium Account |
13.333 |
13.333 |
|
|
|
|
|
|
14 |
Reserves and Surplus |
26.451 |
46.273 |
|
|
|
|
|
|
|
Sub
Total (D) |
56.450 |
76.272 |
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
953.664 |
990.086 |
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
1 |
Cash & Bank Balance |
20.000 |
21.300 |
|
|
|
|
|
|
2 |
Advance payment for Raw Materials |
-- |
-- |
|
|
|
|
|
|
3 |
Sundry Debtors |
633.225 |
532.533 |
|
|
|
|
|
|
4 |
Inventories |
274.030 |
411.045 |
|
|
|
|
|
|
5 |
Advance Payment of Taxes |
-- |
-- |
|
|
|
|
|
|
6 |
Loans and Deposits |
22.500 |
22.500 |
|
|
|
|
|
|
7 |
Other Current Assets |
-- |
-- |
|
|
|
|
|
|
|
Total
Current Assets |
949.755 |
987.378 |
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
8 |
Gross Block |
11.779 |
11.779 |
|
|
|
|
|
|
9 |
Depreciation to date |
7.871 |
9.071 |
|
|
|
|
|
|
|
Net Block |
3.908 |
2.708 |
|
|
|
|
|
|
10 |
Capital Work-in-progress/ Deferred tax
Assets |
-- |
-- |
|
|
|
|
|
|
11 |
Other current Assets (Such as dues from associates, investments/ dues which are not of nature of current assets) |
-- |
-- |
|
|
|
|
|
|
12 |
Intangible assets, Misc, Expenditures (Such as goodwill, doubtful debts etc) |
-- |
-- |
|
|
|
|
|
|
|
TOTAL
ASSETS |
953.663 |
990.086 |
|
|
|
|
|
|
|
Tangible Net Worth |
56.450 |
76.272 |
|
|
|
|
|
|
|
Net Working Capital |
248.756 |
269.178 |
|
|
|
|
|
|
|
Current Ratio |
1.35 |
1.37 |
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net
worth |
3.56 |
3.36 |
|
|
|
|
|
|
|
Total Term Liabilities/ Tangible Net worth
|
0.78 |
0.72 |
------------------------------------------------------------------------------------------------------------------------------
FUND FLOW STATEMENT
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 |
31.03.2016 |
|
|
(Estimates) |
(Projections) |
|
|
1. |
SOURCES |
||
|
|
|
|
|
|
a) |
Net profit (after tax) |
10.930 |
19.822 |
|
|
|
|
|
|
b) |
Depreciation |
1.200 |
1.200 |
|
|
Impairment Loss of Assets |
-- |
-- |
|
|
|
|
|
|
c) |
Increase in capital (Incl. Share Premium) |
-- |
-- |
|
|
|
|
|
|
d) |
Increase in Quasi Capital (Transfer from Loan) |
0.205 |
-- |
|
|
|
|
|
|
e) |
Increase in Term Liability |
-- |
-- |
|
|
|
|
|
|
f) |
Decrease in: |
|
|
|
|
i) Fixed Assets |
-- |
-- |
|
|
|
|
|
|
|
ii) Other Non-Current
Assets |
-- |
-- |
|
|
|
|
|
|
g) |
Others |
-- |
-- |
|
|
|
|
|
|
h) |
TOTAL |
12.335 |
21.022 |
|
|
|
|
|
|
2. |
USES |
|
|
|
|
|
|
|
|
a) |
Net loss |
-- |
-- |
|
|
|
|
|
|
b) |
Decrease in – Term Liability (Inclusive Public Deposits) |
-- |
-- |
|
|
|
|
|
|
c) |
Increase in: |
|
|
|
|
i) Fixed Assets |
-- |
-- |
|
|
|
|
|
|
|
ii) Other Non-Current
Assets |
-- |
-- |
|
|
|
|
|
|
d) |
Decrease in Term Liabilities |
-- |
-- |
|
|
|
|
|
|
e) |
Others |
-- |
-- |
|
|
|
|
|
|
|
TOTAL |
-- |
-- |
|
|
|
|
|
|
3. |
Long Term Surplus(+)/ deficit(-) [1-2] |
12.335 |
21.022 |
|
|
|
|
|
|
4. |
Increase/ (decrease) in current assets |
|
|
|
|
|
|
|
|
i) |
Increase/ (decrease) in raw materials |
-- |
-- |
|
|
|
|
|
|
ii) |
Increase/ (decrease) in stock in process |
-- |
-- |
|
|
|
|
|
|
iii) |
Increase/ (decrease) in Finished goods |
89.299 |
137.015 |
|
|
|
|
|
|
iv) |
Increase/ (decrease) in Receivables |
(73.697) |
(100.692) |
|
|
|
|
|
|
|
Domestic |
-- |
-- |
|
|
|
|
|
|
|
Export |
-- |
-- |
|
|
|
|
|
|
v) |
Increase/ (decrease) in Stores and Spares |
-- |
-- |
|
|
|
|
|
|
vi) |
Increase/ (decrease) in other current
assets |
(1.298) |
1.300 |
|
|
|
|
|
|
5. |
Increase/decrease in current liabilities
other than bank borrowings. |
(323.092) |
17.200 |
|
|
|
|
|
|
6. |
Increase/decrease in Working Capital Gap. |
337.396 |
20.423 |
|
|
|
|
|
|
7. |
Net surplus (+)/ deficit (-) (Difference
of 3 & 6) |
(325.062) |
0.599 |
|
|
|
|
|
|
8. |
Increase/decrease in Bank borrowings |
325.662 |
0.001 |
|
|
|
|
|
|
9 |
Increase/Decrease in Net Sales |
854.676 |
1282.013 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS.
IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 |
31.03.2016 |
|
(Estimates) |
(Projections) |
||
|
|
|
|
|
|
I |
A. CURRENT ASSETS |
|
|
|
|
|
|
|
|
i) |
Inventories |
274.030 |
411.045 |
|
|
Months cost of Sales |
1.36 |
1.36 |
|
|
|
|
|
|
ii) |
Sundry Debtors |
633.225 |
532.533 |
|
|
Months Sales |
2.96 |
1.66 |
|
|
|
|
|
|
iii) |
Advance to suppliers |
-- |
-- |
|
|
|
|
|
|
iv) |
Other Current Assets including Cash & Bank balances |
42.500 |
43.800 |
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS (I) |
949.755 |
987.378 |
|
|
|
|
|
|
II |
CURRENT LIABILITIES |
|
|
|
|
(Other than bank borrowings) |
|
|
|
|
|
|
|
|
ii |
Sundry Creditors for goods |
181.500 |
195.600 |
|
|
Months' purchases : |
0.89 |
0.64 |
|
|
|
|
|
|
iii) |
Sundry Creditors for Expenses |
15.400 |
16.500 |
|
|
|
|
|
|
iv) |
Unsecured Loans and Deposits |
-- |
-- |
|
|
Other than quasi-equity |
|
|
|
|
|
|
|
|
v) |
Other Current Liabilities |
0.600 |
0.600 |
|
|
|
|
|
|
a) |
Advances Received from Customers |
-- |
-- |
|
|
|
|
|
|
b) |
Provision for taxation |
3.500 |
5.500 |
|
|
|
|
|
|
c) |
Others |
-- |
-- |
|
|
|
|
|
|
|
Total Current Liabilities (II) |
201.000 |
218.200 |
|
|
|
|
|
|
III |
Working Capital Gap (I - II) |
748.755 |
769.178 |
|
|
|
|
|
|
IV |
Actual/ Projected bank borrowings for working capital including bills purchased and discounted and excess borrowing places on repayment basis (Sub Total (A) in form III-A) |
500.000 |
500.000 |
|
|
|
|
|
|
V |
Total Current Liabilities |
701.000 |
718.200 |
|
|
|
|
|
|
VI |
Net Working Capital (I - V) |
248.755 |
269.178 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE
AND WORKING CAPITAL
(RS.
IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 |
31.03.2016 |
|
|
|
(Estimates) |
(Projection) |
|
|
|
|
|
|
1. |
Working capital gap |
748.755 |
769.178 |
|
|
|
|
|
|
2. |
Minimum stipulated Net Working Capital – 25 % of total current assets |
237.439 |
246.845 |
|
|
|
|
|
|
3. |
Actual/ Projected net working capital |
248.756 |
269.178 |
|
|
|
|
|
|
4. |
Item 1 minus item 2 |
511.316 |
522.334 |
|
|
|
|
|
|
5. |
item 1 minus item 3 |
500.000 |
500.000 |
|
|
|
|
|
|
6. |
Maximum permissible bank finance [Lower of item 4/5] |
500.000 |
500.000 |
|
|
|
|
|
|
7. |
Excess borrowings (representing short fall in net working capital)
(Item 2 minus item 3) |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
GENERAL DETAILS |
|
|
Purpose
for which valuation is made |
To
ascertain current fair market value |
|
|
|
|
Date
as on which site inspected, valuation made |
29.09.2013 |
|
|
|
|
Name
of the Owner / Owners |
Mr. Anil Himmatlal Shah |
|
|
|
|
Brief description of the property |
Commercial
Premises |
|
|
|
|
Location, Street, Ward No. (Postal Address) |
Premises
No.11, Seventh Floor, Wing-C, Trade World, C.S. No. 448, Village Lower Parel
Division, Kamla City, Senapati Bapat Marg, Lower Parel, Mumbai – 400013,
Maharashtra, India |
|
|
|
|
Survey/Plot
No. of Land |
C.S.
448 |
|
|
|
|
Is
the property situated in the Residential/ Commercial/ Mixed Area/ Industrial |
Commercial
Area |
|
|
|
|
Classification
of Locality – High class/ Middle class/ Poor class |
Higher
Class |
|
|
|
|
Proximity
to civic amenities like Schools, Hospitals, Offices, Market, Cinemas |
Civic
amenities available within nearby vincinity |
|
|
|
|
Means
and proximity to surface communication by which the locality is served |
Train,
Taxi, Buses, from Lower Patel Station It
is ½ km distance from Lower Parel Railway Station |
|
|
|
|
LAND |
|
|
|
|
|
Area
of land supported by documentary proof, dimensions and physical |
Carpet
Area of the Unit as per Agreement dated 7th September 2012 C.A.
= 722 Sq.Ft. Saleable
= 1083.00 Sq.Ft. (50% of Carpet) (As
per Current Market) |
|
|
|
|
Roads,
Streets or Lanes on which the land is abutting |
Senapati
Bapat Marg |
|
|
|
|
Is
it freehold or lease hold land |
Not
Known |
|
|
|
|
Does
the land fall in an area included in Gram Panchayat any town planning scheme
or any development plan of government or any statutory body? If so, given
particulars |
Municipal
Corporation of Greater Mumbai |
|
|
|
|
Has
any contribution been made towards development or is any demand for such
contribution still outstanding? |
Nil
|
|
|
|
|
Has
the whole or part of land been notified for acquisition by Government or any
statutory body? Give date of the notification |
Nil
|
|
|
|
|
IMPROVEMENTS |
|
|
|
|
|
Attach plan and elevations of all structures standing on the land and a lay out plan |
Approved Plan not made Available O.C. date 28-05-2000, EE/BPC/3289/GS/A |
|
|
|
|
Furnish
technical details of the building on a separate sheet |
As
per technical Details |
|
|
|
|
(a)
Is the building owner – occupied / tenanted/ both? (b)
If party owner-occupied, specify portion and extent of area under owner
occupation |
Owner
Occupied Owner
Occupied |
|
|
|
|
What
is the Floor Space Index permissible and percentage actually utilized? |
As
per Municipal Corporation of Greater Mumbai |
|
|
|
|
RENTS |
|
|
|
|
|
Give
details of water and electricity charges, if any, to be borne by the owner |
Owner
to bear the cost |
|
|
|
|
Has
the tenant to bear the whole or part of the cost of repairs and maintenance?
Give Particulars |
Owner
to bear the cost |
|
|
|
|
If
a lift is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
Lift
Available, owner to bear the cost |
|
|
|
|
If
a pump is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
Owner
to bear the cost |
|
|
|
|
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
to bear the cost |
|
|
|
|
What
is the amount of property tax? Who is to bear is? Give details with documentary
proof |
Owner
to bear the cost |
|
|
|
|
Is
the building in insured? If so, give the policy no., amount for which it is
insured |
Not
Known |
|
|
|
|
Is
any dispute between landlord and tenant regarding rent pending in a court of
law |
No
|
|
|
|
|
Has
any standard rent been fixed for the permission under any law relating to the
control or rent |
No
|
|
|
|
|
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 |
As
per valuation |
|
|
|
|
Land rate adopted in this valuation |
As
per valuation |
|
|
|
|
If sale instances are not available or not relied upon, the basis of arriving at the land rate |
As
per valuation |
|
|
|
|
COST OF CONSTRUCTION |
|
|
|
|
|
Year of commencement of construction and year of completion |
Year
of Construction 2000 (As
per information) |
|
|
|
|
What was the method of construction by contract/ by employing labour directly/ both? |
Both |
|
|
|
|
For items of work done on contract, produce copies of agreements |
Both |
|
|
|
|
For items of work done by engaging labour directly, give basic rates of materials and labour supported by documentary proof |
Both |
|
|
|
|
TECHNICAL DETAILS |
|
|
No
of floors and height of floor |
Ground
+ 16 Floors |
|
|
|
|
Floor
in which the unit is Situated |
Seventh
Floor |
|
|
|
|
Year
of Construction |
2000
Approximately |
|
|
|
|
Age
of the Building |
13
Years Condition is Satisfactory |
|
|
|
|
Estimated
future life |
47
Years (Subject to regular maintenance of the Building) |
|
|
|
|
Sale
Deed Executed in the Name of |
Mr. Anil Himmatlal Shah |
|
|
|
|
Height
of the Building |
10”
feet (Unit Height) |
|
|
|
|
Year
of Purchase |
September
2012 |
|
|
|
|
Type of construction – load bearing walls/ RCC
frame/ Steel Frame |
RCC
Frame of Beams and Columns |
|
|
|
|
Type
of foundations |
RCC
Foundation |
|
|
|
|
Walls
: (a) Basement and Plinth (b)
Ground Floor (c)
Super Structure above Ground Level |
Ext.
9” BK Walls C. Plastered |
|
|
|
|
Partitions
|
Int.
9” BK Walls C. Plastered |
|
|
|
|
Door
and Windows (Floor Wise) (a)
Ground Floor (b)
1st Floor (c)
2nd Floor etc. |
MS
Rolling Shutter Door |
|
|
|
|
Flooring
(Floor-wise) (a)
Ground Floor (b)
1st Floor (c)
2nd Floor etc. |
Marbonite
Flooring |
|
|
|
|
Finishing
(Floor-Wise) (a)
Ground Floor (b)
1st Floor (c) 2nd Floor etc. |
Externally
Sand Faced Cement Plastered Internally
Neeru Faced Cement Plastered |
|
|
|
|
Roofing
and Terracing |
RCC
Slab Roof |
|
|
|
|
Special
architectural or decorative features, if any |
Nothing
Special |
|
|
|
|
(a)
Internal Wiring – Surface or Concealed (b)
Class of fitting – Superior/ Standard/ Poor |
Concealed
Wiring Standard
|
|
|
|
|
Sanitary
Installation (a)
(i) No. of Water Closets (ii)
No. of Lavatory Basins (iii)
No. of Urinals (iv)
No. of Sinks (v)
No. of Baths Tubs (vi)
No. of Bidets (vii)
No. of Geysers (b)
Class of fittings: Superior Coloured/ Superior White/ Ordinary |
Standard Standard
|
|
|
|
|
No.
of Lifts and Capacity |
4
Lift Available |
|
|
|
|
Underground
Pump – Capacity and Type of Construction |
RCC
Tank as per Rule |
|
|
|
|
Over-head
Tank: (i)
Where Located (ii)
Capcity (iii)
Type of Construction |
At
Terrace As
per Rule RCC |
|
|
|
|
Roads
and paving within the compound, approximate area and type of paving |
Paver
blocks Pavement at all sides |
|
|
|
|
Sewage
disposal – Where connected to public sewers, septic tank provided, No. and
Capacity |
Connected
to Public Sewers |
|
|
|
|
VALUATION : 1. Current Fair Market Value (FMV) of the industrial unit is 1083.00 Sq.ft. Saleable Area @ Rs. 43,000/- per Sq.Ft. Rs. 46.569 Millions 2. Realizable/ Distress sale value can be estimated as (10% less than the FMV) Rs. 41.912 Millions |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
GENERAL DETAILS |
|
|
Purpose
for which valuation is made |
To
ascertain current fair market value |
|
|
|
|
Date
as on which site inspected, valuation made |
29.09.2013 |
|
|
|
|
Name
of the Owner / Owners |
Mr. Tejas A. Shah S/O. Anil H. Shah |
|
|
|
|
Brief description of the property |
R.C.C.
Godown No. Q-38 |
|
|
|
|
Location, Street, Ward No. (Postal Address) |
Kalher |
|
|
|
|
Survey/Plot
No. of Land |
S.
No. 58, H. No. 1, 2/A, 2/B, 6, 7, 10, 12, 13, 15, 17, 21 |
|
|
|
|
Is
the property situated in the Residential/ Commercial/ Mixed Area/ Industrial |
Godown |
|
|
|
|
Classification
of Locality – High class/ Middle class/ Poor class |
Middle
Class |
|
|
|
|
Proximity
to civic amenities like Schools, Hospitals, Offices, Market, Cinemas |
Civic
amenities available within 2 km dist. |
|
|
|
|
Means
and proximity to surface communication by which the locality is served |
Train,
Auto, Taxi, Buses, from Thane Station It is 7 km distance from Thane Railway
Station |
|
|
|
|
LAND |
|
|
|
|
|
Area
of land supported by documentary proof, dimensions and physical |
Carpet
Area of the Godown as per Agreement dated 13.08.2013 C.A.
= 2708.00 Sq.Ft. Built
up Area = 3250.00 Sq.Ft. (20%
of Carpet) as per Current Market |
|
|
|
|
Roads,
Streets or Lanes on which the land is abutting |
Village
Kalher |
|
|
|
|
Is
it freehold or lease hold land |
Not
Known |
|
|
|
|
Does
the land fall in an area included in Gram Panchayat any town planning scheme
or any development plan of government or any statutory body? If so, given
particulars |
Kalher
Grampanchayat |
|
|
|
|
Has
any contribution been made towards development or is any demand for such
contribution still outstanding? |
Nil
|
|
|
|
|
Has
the whole or part of land been notified for acquisition by Government or any
statutory body? Give date of the notification |
Nil
|
|
|
|
|
IMPROVEMENTS
|
|
|
|
|
|
Attach plan and elevations of all structures standing on the land and a lay out plan |
Approved Plan not made Available |
|
|
|
|
Furnish
technical details of the building on a separate sheet |
As
per technical Details |
|
|
|
|
(a)
Is the building owner – occupied / tenanted/ both? (b)
If party owner-occupied, specify portion and extent of area under owner
occupation |
Owner
Occupied Owner
Occupied |
|
|
|
|
What
is the Floor Space Index permissible and percentage actually utilized? |
As
per Kalher Grampanchayat |
|
|
|
|
RENTS |
|
|
|
|
|
Name
of tenants/ lessees/ licensees, etc. |
Tenant
Occupied |
|
|
|
|
Give
details of water and electricity charges, if any, to be borne by the owner |
Owner
to bear the cost |
|
|
|
|
Has
the tenant to bear the whole or part of the cost of repairs and maintenance?
Give Particulars |
Owner
to bear the cost |
|
|
|
|
If
a lift is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
No
Lift Available |
|
|
|
|
If
a pump is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
Owner
to bear the cost |
|
|
|
|
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
to bear the cost |
|
|
|
|
What
is the amount of property tax? Who is to bear is? Give details with
documentary proof |
Owner
to bear the cost |
|
|
|
|
Is
the building in insured? If so, give the policy no., amount for which it is
insured |
Not
Known |
|
|
|
|
Is
any dispute between landlord and tenant regarding rent pending in a court of
law |
No
|
|
|
|
|
Has
any standard rent been fixed for the permission under any law relating to the
control or rent |
No
|
|
|
|
|
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 |
As
per valuation |
|
|
|
|
Land rate adopted in this valuation |
As
per valuation |
|
|
|
|
If sale instances are not available or not relied upon, the basis of arriving at the land rate |
As
per valuation |
|
|
|
|
COST OF CONSTRUCTION |
|
|
|
|
|
Year of commencement of construction and year of completion |
Year
of Construction 2001 |
|
|
|
|
What was the method of construction by contract/ by employing labour directly/ both? |
Both |
|
|
|
|
For items of work done on contract, produce copies of agreements |
Both |
|
|
|
|
For items of work done by engaging labour directly, give basic rates of materials and labour supported by documentary proof |
Both |
|
|
|
|
TECHNICAL DETAILS |
|
|
No
of floors and height of floor |
Ground
+ 1 Floor |
|
|
|
|
Floor
in which the unit is Situated |
Ground
Floor |
|
|
|
|
Year
of Construction |
2001
Approximately |
|
|
|
|
Age
of the Building |
12
Years Condition is Satisfactory |
|
|
|
|
Estimated
future life |
48
Years (Subject to regular maintenance of the Building) |
|
|
|
|
Sale
Deed Executed in the Name of |
Mr. Tejas A. Shah |
|
|
|
|
Height
of the Building |
14”
feet (Godown Height) |
|
|
|
|
Year
of Purchase |
August
2013 |
|
|
|
|
Type of construction – load bearing walls/ RCC
frame/ Steel Frame |
RCC
Frame of Beams and Columns |
|
|
|
|
Type
of foundations |
RCC
Foundation |
|
|
|
|
Walls
: (a) Basement and Plinth (b)
Ground Floor (c)
Super Structure above Ground Level |
Ext.
9” BK Walls C. Plastered |
|
|
|
|
Partitions
|
Int.
9” BK Walls C. Plastered |
|
|
|
|
Door
and Windows (Floor Wise) (a)
Ground Floor (b)
1st Floor (c)
2nd Floor etc. |
MS
Rolling Shutter Door |
|
|
|
|
Flooring
(Floor-wise) (a)
Ground Floor (b)
1st Floor (c)
2nd Floor etc. |
Kota
Flooring |
|
|
|
|
Finishing
(Floor-Wise) (a)
Ground Floor (b)
1st Floor (c) 2nd Floor etc. |
Externally
Sand Faced Cement Plastered Internally
Neeru Faced Cement Plastered |
|
|
|
|
Roofing
and Terracing |
RCC
Slab Roof |
|
|
|
|
Special
architectural or decorative features, if any |
Nothing
Special |
|
|
|
|
(a)
Internal Wiring – Surface or Concealed (b)
Class of fitting – Superior/ Standard/ Poor |
Concealed
Wiring Standard
|
|
|
|
|
Class
of fittings: Superior Coloured/ Superior White/ Ordinary |
Standard
|
|
|
|
|
No.
of Lifts and Capacity |
No
Lift Available |
|
|
|
|
Underground
Pump – Capacity and Type of Construction |
RCC
Tank as per Rule |
|
|
|
|
Over-head
Tank: (i)
Where Located (ii)
Capcity (iii)
Type of Construction |
At
Terrace As
per Rule RCC |
|
|
|
|
Roads
and paving within the compound, approximate area and type of paving |
C.
Conc Pavement at all sides |
|
|
|
|
Sewage
disposal – Where connected to public sewers, septic tank provided, No. and
Capacity |
Connected
to Public Sewers |
|
|
|
|
VALUATION : 1. Current Fair Market Value (FMV) of the industrial unit is 3250.00 Sq.Ft Built Up Area @ Rs. 2,000/- per Sq.Ft. Rs. 6.500 Millions 2. Realizable/ Distress sale value can be estimated as (10% less than the FMV) Rs. 5.850 Millions. |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
GENERAL DETAILS |
|
|
Purpose
for which valuation is made |
To
ascertain current fair market value |
|
|
|
|
Date
as on which site inspected, valuation made |
29.09.2013 |
|
|
|
|
Name
of the Owner / Owners |
Mr. Tejas A. Shah S/O. Anil H. Shah |
|
|
|
|
Brief description of the property |
R.C.C.
Godown No. Q-39, Kalher, Talukar Bhiwandi, District Thane, Maharashtra, India |
|
|
|
|
Location, Street, Ward No. (Postal Address) |
Kalher |
|
|
|
|
Survey/Plot
No. of Land |
S.
No. 58, H. No. 1, 2/A, 2/B, 6, 7, 10, 12, 13, 15, 17, 21 |
|
|
|
|
Is
the property situated in the Residential/ Commercial/ Mixed Area/ Industrial |
Godown |
|
|
|
|
Classification
of Locality – High class/ Middle class/ Poor class |
Middle
Class |
|
|
|
|
Proximity
to civic amenities like Schools, Hospitals, Offices, Market, Cinemas |
Civic
amenities available within 2 km dist. |
|
|
|
|
Means
and proximity to surface communication by which the locality is served |
Train,
Auto, Taxi, Buses, from Thane Station It is 7 km distance from Thane Railway
Station |
|
|
|
|
LAND |
|
|
|
|
|
Area
of land supported by documentary proof, dimensions and physical |
Carpet
Area of the Godown as per Agreement dated 13.08.2013 C.A.
= 2808.00 Sq.Ft. Built
up Area = 3370.00 Sq.Ft. (20%
of Carpet) as per Current Market |
|
|
|
|
Roads,
Streets or Lanes on which the land is abutting |
Village
Kalher |
|
|
|
|
Is
it freehold or lease hold land |
Not
Known |
|
|
|
|
Does
the land fall in an area included in Gram Panchayat any town planning scheme
or any development plan of government or any statutory body? If so, given
particulars |
Kalher
Grampanchayat |
|
|
|
|
Has
any contribution been made towards development or is any demand for such
contribution still outstanding? |
Nil
|
|
|
|
|
Has
the whole or part of land been notified for acquisition by Government or any
statutory body? Give date of the notification |
Nil
|
|
|
|
|
IMPROVEMENTS
|
|
|
|
|
|
Attach plan and elevations of all structures standing on the land and a lay out plan |
Approved Plan not made Available |
|
|
|
|
Furnish
technical details of the building on a separate sheet |
As
per technical Details |
|
|
|
|
(a)
Is the building owner – occupied / tenanted/ both? (b)
If party owner-occupied, specify portion and extent of area under owner
occupation |
Owner
Occupied Owner
Occupied |
|
|
|
|
What
is the Floor Space Index permissible and percentage actually utilized? |
As
per Kalher Grampanchayat |
|
|
|
|
RENTS |
|
|
|
|
|
Give
details of water and electricity charges, if any, to be borne by the owner |
Owner
to bear the cost |
|
|
|
|
Has
the tenant to bear the whole or part of the cost of repairs and maintenance?
Give Particulars |
Owner
to bear the cost |
|
|
|
|
If
a lift is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
No
Lift Available |
|
|
|
|
If
a pump is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
Owner
to bear the cost |
|
|
|
|
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
to bear the cost |
|
|
|
|
What
is the amount of property tax? Who is to bear is? Give details with
documentary proof |
Owner
to bear the cost |
|
|
|
|
Is
the building in insured? If so, give the policy no., amount for which it is
insured |
Not
Known |
|
|
|
|
Is
any dispute between landlord and tenant regarding rent pending in a court of
law |
No
|
|
|
|
|
Has
any standard rent been fixed for the permission under any law relating to the
control or rent |
No
|
|
|
|
|
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 |
As
per valuation |
|
|
|
|
Land rate adopted in this valuation |
As
per valuation |
|
|
|
|
If sale instances are not available or not relied upon, the basis of arriving at the land rate |
As
per valuation |
|
|
|
|
COST OF CONSTRUCTION |
|
|
|
|
|
Year of commencement of construction and year of completion |
Year
of Construction 2001 |
|
|
|
|
What was the method of construction by contract/ by employing labour directly/ both? |
Both |
|
|
|
|
For items of work done on contract, produce copies of agreements |
Both |
|
|
|
|
For items of work done by engaging labour directly, give basic rates of materials and labour supported by documentary proof |
Both |
|
|
|
|
TECHNICAL DETAILS |
|
|
No
of floors and height of floor |
Ground
+ 1 Floor |
|
|
|
|
Floor
in which the unit is Situated |
Ground
Floor |
|
|
|
|
Year
of Construction |
2001
Approximately |
|
|
|
|
Age
of the Building |
12
Years Condition is Satisfactory |
|
|
|
|
Estimated
future life |
48
Years (Subject to regular maintenance of the Building) |
|
|
|
|
Sale
Deed Executed in the Name of |
Mr. Tejas A. Shah |
|
|
|
|
Height
of the Building |
14”
feet (Godown Height) |
|
|
|
|
Year
of Purchase |
August
2013 |
|
|
|
|
Type of construction – load bearing walls/ RCC
frame/ Steel Frame |
RCC
Frame of Beams and Columns |
|
|
|
|
Type
of foundations |
RCC
Foundation |
|
|
|
|
Walls
: (a) Basement and Plinth (b)
Ground Floor (c)
Super Structure above Ground Level |
Ext.
9” BK Walls C. Plastered |
|
|
|
|
Partitions
|
Int.
9” BK Walls C. Plastered |
|
|
|
|
Door
and Windows (Floor Wise) (a)
Ground Floor (b)
1st Floor (c)
2nd Floor etc. |
MS
Rolling Shutter Door |
|
|
|
|
Flooring
(Floor-wise) (a)
Ground Floor (b)
1st Floor (c)
2nd Floor etc. |
Kota
Flooring |
|
|
|
|
Finishing
(Floor-Wise) (a)
Ground Floor (b)
1st Floor (c) 2nd Floor etc. |
Externally
Sand Faced Cement Plastered Internally
Neeru Faced Cement Plastered |
|
|
|
|
Roofing
and Terracing |
RCC
Slab Roof |
|
|
|
|
Special
architectural or decorative features, if any |
Nothing
Special |
|
|
|
|
(a)
Internal Wiring – Surface or Concealed (b)
Class of fitting – Superior/ Standard/ Poor |
Concealed
Wiring Standard
|
|
|
|
|
Class
of fittings: Superior Coloured/ Superior White/ Ordinary |
Standard
|
|
|
|
|
No.
of Lifts and Capacity |
No
Lift Available |
|
|
|
|
Underground
Pump – Capacity and Type of Construction |
RCC
Tank as per Rule |
|
|
|
|
Over-head
Tank: (i)
Where Located (ii)
Capcity (iii)
Type of Construction |
At
Terrace As
per Rule RCC |
|
|
|
|
Roads
and paving within the compound, approximate area and type of paving |
C.
Conc Pavement at all sides |
|
|
|
|
Sewage
disposal – Where connected to public sewers, septic tank provided, No. and
Capacity |
Connected
to Public Sewers |
|
|
|
|
VALUATION : 1. Current Fair Market Value (FMV) of the industrial unit is 3370.00 Sq.ft Built Up Area @ Rs. 2,000/- per Sq.Ft. Rs. 6.740 Millions 2. Realizable/ Distress sale value can be estimated as (10% less than the FMV) Rs. 6.066 Millions. |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
GENERAL DETAILS |
|
|
Purpose
for which valuation is made |
To
ascertain current fair market value |
|
|
|
|
Date
as on which site inspected, valuation made |
29.09.2013 |
|
|
|
|
Name
of the Owner / Owners |
Mr. Anil Himmatlal Shah |
|
|
|
|
Brief description of the property |
Industrial
Unit |
|
|
|
|
Location, Street, Ward No. (Postal Address) |
Unit
No. B/111, First Floor, Hind Saurashtra Service Industries Co-operative Society
Limited, Andheri-Kurla Road, Village Marol, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
|
|
|
Survey/Plot
No. of Land |
CTS
No. 85 & 86 |
|
|
|
|
Is
the property situated in the Residential/ Commercial/ Mixed Area/ Industrial |
Industrial
Area |
|
|
|
|
Classification
of Locality – High Class |
Middle
Class |
|
|
|
|
Proximity
to civic amenities like Schools, Hospitals, Offices, Market, Cinemas |
Civic
amenities available within nearby |
|
|
|
|
Means
and proximity to surface communication by which the locality is served |
Train,
Auto, Taxi, Buses, from Andheri Stn. It is 2 ½ km distance from Andheri
Railway Station |
|
|
|
|
LAND |
|
|
|
|
|
Area
of land supported by documentary proof, dimensions and physical |
Carpet
Area of the Unit as per Agreement dated 4th December, 2009 C.A.
= 842 Sq.Ft. Saleable
= 1263.00 Sq.Ft. (50% of Carpet) (As
per current market) |
|
|
|
|
Roads,
Streets or Lanes on which the land is abutting |
Andheri-Kurla
Road |
|
|
|
|
Is
it freehold or lease hold land |
Not
Known |
|
|
|
|
Does
the land fall in an area included in Gram Panchayat any town planning scheme or
any development plan of government or any statutory body? If so, given
particulars |
Municipal
Corporation of Greater Mumbai |
|
|
|
|
Has
any contribution been made towards development or is any demand for such
contribution still outstanding? |
Nil
|
|
|
|
|
Has
the whole or part of land been notified for acquisition by Government or any
statutory body? Give date of the notification |
Nil
|
|
|
|
|
IMPROVEMENTS
|
|
|
|
|
|
Attach plan and elevations of all structures standing on the land and a lay out plan |
Approved Plan not made Available Society Reg. No. BOM/GE734 of 1971 |
|
|
|
|
Furnish
technical details of the building on a separate sheet |
As
per technical Details |
|
|
|
|
(a)
Is the building owner – occupied / tenanted/ both? (b)
If party owner-occupied, specify portion and extent of area under owner
occupation |
Owner
Occupied Owner
Occupied |
|
|
|
|
What
is the Floor Space Index permissible and percentage actually utilized? |
As
per Municipal Corporation of Greater Mumbai |
|
|
|
|
RENTS |
|
|
|
|
|
Name
of tenants/ lessees/ licensees, etc. |
Lincensee
Mr. Tejas Shah |
|
|
|
|
Give
details of water and electricity charges, if any, to be borne by the owner |
Owner
to bear the cost |
|
|
|
|
Has
the tenant to bear the whole or part of the cost of repairs and maintenance?
Give Particulars |
Owner
to bear the cost |
|
|
|
|
If
a lift is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
No
Lift Available |
|
|
|
|
If
a pump is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
Owner
to bear the cost |
|
|
|
|
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
to bear the cost |
|
|
|
|
What
is the amount of property tax? Who is to bear is? Give details with
documentary proof |
Owner
to bear the cost |
|
|
|
|
Is
the building in insured? If so, give the policy no., amount for which it is
insured |
Not
Known |
|
|
|
|
Is
any dispute between landlord and tenant regarding rent pending in a court of
law |
No
|
|
|
|
|
Has
any standard rent been fixed for the permission under any law relating to the
control or rent |
No
|
|
|
|
|
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 |
As
per valuation |
|
|
|
|
Land rate adopted in this valuation |
As
per valuation |
|
|
|
|
If sale instances are not available or not relied upon, the basis of arriving at the land rate |
As
per valuation |
|
|
|
|
COST OF CONSTRUCTION |
|
|
|
|
|
Year of commencement of construction and year of completion |
Year
of Construction 1970 |
|
|
|
|
What was the method of construction by contract/ by employing labour directly/ both? |
Both |
|
|
|
|
For items of work done on contract, produce copies of agreements |
Both |
|
|
|
|
For items of work done by engaging labour directly, give basic rates of materials and labour supported by documentary proof |
Both |
|
|
|
|
TECHNICAL DETAILS |
|
|
No
of floors and height of floor |
Ground
+ 3 Floors |
|
|
|
|
Floor
in which the unit is Situated |
First
Floor |
|
|
|
|
Year
of Construction |
1970
Approximately |
|
|
|
|
Age
of the Building |
43
Years Condition is Satisfactory |
|
|
|
|
Estimated
future life |
17
Years (Subject to regular maintenance of the Building) |
|
|
|
|
Sale
Deed Executed in the Name of |
Mr. Anil Himmatlal Shah |
|
|
|
|
Height
of the Building |
12.6”
feet (Unit Height) |
|
|
|
|
Year
of Purchase |
December
2009 |
|
|
|
|
Purchase
Price |
Rs.
4.000 Millions |
|
|
|
|
Type of construction – load bearing walls/ RCC
frame/ Steel Frame |
RCC
Frame of Beams and Columns |
|
|
|
|
Type
of foundations |
RCC
Foundation |
|
|
|
|
Walls
: (a) Basement and Plinth (b)
Ground Floor (c)
Super Structure above Ground Level |
Ext.
10” BK Walls C. Plastered |
|
|
|
|
Partitions
|
Int.
10” BK Walls C. Plastered |
|
|
|
|
Door
and Windows (Floor Wise) (a)
Ground Floor (b)
1st Floor (c)
2nd Floor etc. |
MS
Rolling Shutter Door |
|
|
|
|
Flooring
(Floor-wise) (a)
Ground Floor (b)
1st Floor (c)
2nd Floor etc. |
Marble
Flooring |
|
|
|
|
Finishing
(Floor-Wise) (a)
Ground Floor (b)
1st Floor (c) 2nd Floor etc. |
Externally
Sand Faced Cement Plastered Internally
Neeru Faced Cement Plastered |
|
|
|
|
Roofing
and Terracing |
RCC
Slab Roof |
|
|
|
|
Special
architectural or decorative features, if any |
Nothing
Special |
|
|
|
|
(a)
Internal Wiring – Surface or Concealed (b)
Class of fitting – Superior/ Standard/ Poor |
Concealed
Wiring Standard
|
|
|
|
|
Sanitary
Installation (a)
(i) No. of Water Closets (ii)
No. of Lavatory Basins (iii)
No. of Urinals (iv)
No. of Sinks (v)
No. of Baths Tubs (vi)
No. of Bidets (vii)
No. of Geysers (b)
Class of fittings: Superior Coloured/ Superior White/ Ordinary |
Standard Standard
|
|
|
|
|
No.
of Lifts and Capacity |
No
Lift Available |
|
|
|
|
Underground
Pump – Capacity and Type of Construction |
RCC
Tank as per Rule |
|
|
|
|
Over-head
Tank: (i)
Where Located (ii)
Capcity (iii)
Type of Construction |
At
Terrace As
per Rule RCC |
|
|
|
|
Roads
and paving within the compound, approximate area and type of paving |
C.
Conc Pavement at all sides |
|
|
|
|
Sewage
disposal – Where connected to public sewers, septic tank provided, No. and
Capacity |
Connected
to Public Sewers |
|
|
|
|
VALUATION : 1. Current Fair Market Value (FMV) of the industrial unit is 1263.00 Sq.ft Saleable Area @ Rs. 31,550/- per Sq.Ft. Rs. 39.848 Millions. 2. Realizable/ Distress sale value can be estimated as (10% less than the FMV) Rs. 35.863 Millions. |
|
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
GENERAL DETAILS |
|
|
Purpose
for which valuation is made |
To
ascertain current fair market value |
|
|
|
|
Date
as on which site inspected, valuation made |
29.09.2013 |
|
|
|
|
Name
of the Owner / Owners |
Mr. Tejas A. Shah |
|
|
|
|
Brief description of the property |
Industrial
Unit |
|
|
|
|
Location, Street, Ward No. (Postal Address) |
Unit
No. B/112, First Floor, Hind Saurashtra Service Industries Co-operative
Society Limited, Andheri-Kurla Road, Village Marol, Andheri-Kurla Road,
Village Marol, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
|
|
|
Survey/Plot
No. of Land |
CTS
No. 85 & 86 |
|
|
|
|
Is
the property situated in the Residential/ Commercial/ Mixed Area/ Industrial |
Industrial
Area |
|
|
|
|
Classification
of Locality – High Class |
Middle
Class |
|
|
|
|
Proximity
to civic amenities like Schools, Hospitals, Offices, Market, Cinemas |
Civic
amenities available within nearby vincinity |
|
|
|
|
Means
and proximity to surface communication by which the locality is served |
Train,
Auto, Taxi, Buses, from Andheri Stn. It is 2 ½ km distance from Andheri
Railway Station |
|
|
|
|
LAND |
|
|
|
|
|
Area
of land supported by documentary proof, dimensions and physical |
Built
up Area of the Unit as per Agreement dated 22nd November, 2002 B.U.A.
= 617.60 Sq.Ft. Saleable
Area = 803.00 Sq.Ft. (30%
of B.U.A.) as per current market |
|
|
|
|
Roads,
Streets or Lanes on which the land is abutting |
Andheri-Kurla
Road |
|
|
|
|
Is
it freehold or lease hold land |
Not
Known |
|
|
|
|
Does
the land fall in an area included in Gram Panchayat any town planning scheme
or any development plan of government or any statutory body? If so, given
particulars |
Municipal
Corporation of Greater Mumbai |
|
|
|
|
Has
any contribution been made towards development or is any demand for such
contribution still outstanding? |
Nil
|
|
|
|
|
Has
the whole or part of land been notified for acquisition by Government or any
statutory body? Give date of the notification |
Nil
|
|
|
|
|
IMPROVEMENTS
|
|
|
|
|
|
Attach plan and elevations of all structures standing on the land and a lay out plan |
Approved Plan not made Available Society Reg. No. BOM/GE734 of 1971 |
|
|
|
|
Furnish
technical details of the building on a separate sheet |
As
per technical Details |
|
|
|
|
(a)
Is the building owner – occupied / tenanted/ both? (b)
If party owner-occupied, specify portion and extent of area under owner
occupation |
Owner
Occupied Owner
Occupied |
|
|
|
|
What
is the Floor Space Index permissible and percentage actually utilized? |
As
per Municipal Corporation of Greater Mumbai |
|
|
|
|
RENTS |
|
|
|
|
|
Give
details of water and electricity charges, if any, to be borne by the owner |
Owner
to bear the cost |
|
|
|
|
Has
the tenant to bear the whole or part of the cost of repairs and maintenance?
Give Particulars |
Owner
to bear the cost |
|
|
|
|
If
a lift is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
No
Lift Available |
|
|
|
|
If
a pump is installed, who has to bear the cost of maintenance and operation
owner or tenant? |
Owner
to bear the cost |
|
|
|
|
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
to bear the cost |
|
|
|
|
What
is the amount of property tax? Who is to bear is? Give details with
documentary proof |
Owner
to bear the cost |
|
|
|
|
Is
the building in insured? If so, give the policy no., amount for which it is
insured |
Not
Known |
|
|
|
|
Is
any dispute between landlord and tenant regarding rent pending in a court of
law |
No
|
|
|
|
|
Has
any standard rent been fixed for the permission under any law relating to the
control or rent |
No
|
|
|
|
|
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 |
As
per valuation |
|
|
|
|
Land rate adopted in this valuation |
As
per valuation |
|
|
|
|
If sale instances are not available or not relied upon, the basis of arriving at the land rate |
As
per valuation |
|
|
|
|
COST OF CONSTRUCTION |
|
|
|
|
|
Year of commencement of construction and year of completion |
Year
of Construction 1970 (As
per information) |
|
|
|
|
What was the method of construction by contract/ by employing labour directly/ both? |
Both |
|
|
|
|
For items of work done on contract, produce copies of agreements |
Both |
|
|
|
|
For items of work done by engaging labour directly, give basic rates of materials and labour supported by documentary proof |
Both |
|
|
|
|
TECHNICAL DETAILS |
|
|
No
of floors and height of floor |
Ground
+ 3 Floors |
|
|
|
|
Floor
in which the unit is Situated |
First
Floor |
|
|
|
|
Year
of Construction |
1970
(As per information) |
|
|
|
|
Age
of the Building |
43
Years Condition is Satisfactory |
|
|
|
|
Estimated
future life |
17
Years (Subject to regular maintenance of the Building) |
|
|
|
|
Sale
Deed Executed in the Name of |
Mr. Tejas A. Shah |
|
|
|
|
Height
of the Building |
12.6”
feet (Unit Height) |
|
|
|
|
Year
of Purchase |
December
2002 |
|
|
|
|
Type of construction – load bearing walls/ RCC
frame/ Steel Frame |
RCC
Frame of Beams and Columns |
|
|
|
|
Type
of foundations |
RCC
Foundation |
|
|
|
|
Walls
: (a) Basement and Plinth (b)
Ground Floor (c)
Super Structure above Ground Level |
Ext.
10” BK Walls C. Plastered |
|
|
|
|
Partitions
|
Int.
10” BK Walls C. Plastered |
|
|
|
|
Door
and Windows (Floor Wise) (a)
Ground Floor (b)
1st Floor (c)
2nd Floor etc. |
MS
Rolling Shutter Door |
|
|
|
|
Flooring
(Floor-wise) (a)
Ground Floor (b)
1st Floor (c)
2nd Floor etc. |
Marble
Flooring |
|
|
|
|
Finishing
(Floor-Wise) (a)
Ground Floor (b)
1st Floor (c) 2nd Floor etc. |
Externally
Sand Faced Cement Plastered Internally
Neeru Faced Cement Plastered |
|
|
|
|
Roofing
and Terracing |
RCC
Slab Roof |
|
|
|
|
Special
architectural or decorative features, if any |
Nothing
Special |
|
|
|
|
(a)
Internal Wiring – Surface or Concealed (b)
Class of fitting – Superior/ Standard/ Poor |
Concealed
Wiring Standard
|
|
|
|
|
Sanitary
Installation (a)
(i) No. of Water Closets (ii)
No. of Lavatory Basins (iii)
No. of Urinals (iv)
No. of Sinks (v)
No. of Baths Tubs (vi)
No. of Bidets (vii)
No. of Geysers (b)
Class of fittings: Superior Coloured/ Superior White/ Ordinary |
Standard Standard
|
|
|
|
|
No.
of Lifts and Capacity |
No
Lift Available |
|
|
|
|
Underground
Pump – Capacity and Type of Construction |
RCC
Tank as per Rule |
|
|
|
|
Over-head
Tank: (i)
Where Located (ii)
Capcity (iii)
Type of Construction |
At
Terrace As
per Rule RCC |
|
|
|
|
Roads
and paving within the compound, approximate area and type of paving |
C.
Conc Pavement at all sides |
|
|
|
|
Sewage
disposal – Where connected to public sewers, septic tank provided, No. and
Capacity |
Connected
to Public Sewers |
|
|
|
|
VALUATION : 1. Current Fair Market Value (FMV) of the industrial unit is 803.00 Sq.ft Saleable Area @ Rs. 31,550/- per Sq.Ft. Rs. 25.335 Millions. 2. Realizable/ Distress sale value can be estimated as (10% less than the FMV) Rs. 22.801 Millions. |
|
------------------------------------------------------------------------------------------------------------------------------
INDEX OF
CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10518163 |
11/08/2014 |
70,000,000.00 |
UNION BANK OF INDIA |
MOHAMMED ALI ROAD BRANCH, 56, KARIM BUILDING, MOHAMMED ALI ROAD, MUMBAI - 400003, MAHARASHTRA, INDIA |
C19261882 |
|
2 |
10474494 |
30/12/2013 |
190,000,000.00 |
UNION BANK OF INDIA |
56, KARIM BUILDING, MOHAMED ALI ROAD, MUMBAI, MUMBAI - 400003, MAHARASHTRA, INDIA |
B95051207 |
------------------------------------------------------------------------------------------------------------------------------
CHANGE OF ADDRESS
The Registered Office of the company has been shifted from B-112, Hind
Saurashtra Industrial Estate, Marol Naka, Opposite National Garage, Andheri
(East), Mumbai – 400059, Maharashtra to the present address.
FIXED ASSETS
· Air Conditioner
· Battery
· Camera
· Biometer Reader
· Computers
· Fax Machine
· Furniture and Fixture
· Master Electricity Fitting
· Motor Car
· Motor Car (Honda)
· Motor Car (Hundai)
· Motor Car (Piaggio Ape)
· Motor Car (Skoda)
· Motor Car (Mercedes)
· Mould
· Office Equipments
· Rolling Shutter
· Telephone Instruments
· Trade Mark Registration
· Wall Fan
· Weighing Machine
------------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.