MIRA INFORM REPORT

Report Date :

30.10.2014

IDENTIFICATION DETAILS

Name :	TURESA TRADERS

Registered Office :	Shanti Nagar, Opposite Unique Mixer, Road No. 27, Wagle Industrial Estate, Thane – 400604, Maharashtra

Country :	India

Year of Establishment :	11.08.2014

Capital Investment :	Not Divulged

TIN No.:	27871075442

PAN No.: [Permanent Account No.]	AJAPT0304P

Legal Form :	Sole Proprietary Concern

Line of Business :	Trader and Reseller of Hardware and Industrial Electrical Materials.

No. of Employees :	4 (Approximately) [In Office: 2 + In Factory: 2]

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Business

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new proprietary concern incorporated during 11^th August, 2014 and establishing itself gradually. Mr. Manish Jagdish Turesha (Proprietor) has provided us with all information and he also confirmed that the concern has start its business activity from October, 2014. Trade relation is improving. Business is active. Payment terms are reported to be unknown. The concern can be considered for business dealings on a safe and secured trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

India

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.

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. Manish Jagdish Turesha
Designation :	Proprietor
Contact No.:	91-9820085842
Date :	30.10.2014

LOCATIONS

Registered Office :	Shanti Nagar, Opposite Unique Mixer, Road No. 27, Wagle Industrial Estate, Thane – 400604, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9820085842 (Mr. Manish Jagdish Turesha)
Fax No.:	Not Available
Location :	Owned

Warehouse :	Parag Complex, Shop No. 3 & 4, Kudus Naka, Taluka Wada, Thane - 421303, Maharashtra, India

SOLE PROPRIETOR

Name :	Mr. Manish Jagdish Turesha
Designation :	Proprietor
Address :	Himdhara Society, Building No. 4, Flat No. 1/2, Sector No. 7, Shree Nagar, Wagle Industrial Estate, Thane – 400604, Maharashtra, India
Date of Birth/Age :	25.07.1990
Qualification :	Graduate
Experience :	3 Years
PAN No.:	AJAPT0304P

BUSINESS DETAILS

Line of Business :	Trader and Reseller of Hardware and Industrial Electrical Materials.

Terms :
Selling :	Others

Purchasing :	Others

GENERAL INFORMATION

Suppliers :	· M. Yash and Company · Orange Electrodes Industries · Mahadev Electric Stores · Gandhi Trading Company · Amey Prabhu Sales Private Limited

Customers :	Wholesalers · Jai Mahalaxmi Ispat (Private) Limited · Fasto Engineering · Thane Steel (Private) Limited · Mukesh Heavy Industries · Vijay Chem Industries (Private) Limited

No. of Employees :	4 (Approximately) [In Office: 2 + In Factory: 2]

Bankers :	Bank of India, Mahalaxmi Branch, Mumbai, Maharashtra, India

Facilities :	--

Banking Relations :	--

Auditors :	Not Available

CAPITAL STRUCTURE

Capital Investment :
Owned :	Not Divulged
Borrowed :	Not Divulged
Total :	--

FINANCIAL DATA

[all figures are in Rupees Millions]

NEW BUSINESS

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

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
13]	Reasons for variation <> 20%	-----
14]	Estimation for coming financial year	Yes
15]	Capital in the business	No
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	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

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

MR. MANISH JAGDISH TURESHA

COMPUTATION OF TOTAL INCOME

(RS. IN MILLIONS)

PARTICULARS	31.03.2013

Income from Salaries

Employer 1

Salary with deduction	0.229

Total Salary		0.229

Income chargeable under the head “Salaries”			0.229

Income from Other Sources

Bank Interest		0.001

Income chargeable under the head “Other Sources”			0.001

Gross Total Income			0.230

Deductions under chapter VI-A

Investment u/s 80C, CCC, CCD

Life Insurance Premium	0.026

Total investment-subject to ceiling u/s 80CCE			0.026

Total Income			0.205

Total Income rounded off u/s 288A			0.205

Tax on total income			0.000

Add: Education Cess			0.000

Tax with cess			0.000

Net Tax			0.000

Interest u/s 234A			0.000

Net tax payable			0.000

Self-assessment tax paid (Schedule 1)			0.000

Balance tax payable			0.000

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

MR. MANISH JAGDISH TURESHA

PROVISIONAL BALANCE SHEET AS ON 31^ST MARCH 2014

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2014
SHAREHOLDERS FUNDS
1] Share Capital		0.949
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		0.950
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000

TOTAL		0.949

APPLICATION OF FUNDS

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

INVESTMENT		0.000
DEFERRED TAX ASSETS		0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.342
	Other Current Assets	0.000
	Loans & Advances	0.607
Total Current Assets		0.949
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.000
Net Current Assets		0.949

MISCELLANEOUS EXPENSES		0.000

TOTAL		0.949

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

ASSESSMENT OF WORKING CAPITAL EQUIPMENTS

OPERATING STATEMENT

(RS. IN MILLIONS)

SR.NO.		PARTICULARS	2015	2016	2017
			Estimated	Projection	Projection
1		GROSS SALES

	i)	Sales

		a) Domestic Sales	65.000	130.000	143.000

		b) Export Sales	--	--	--

		c) Sub-total [a+b]	65.000	130.000	143.000

		d) %age rise (+) or fall (-) in net sales as compared to previous year	0.00	100.00	10.00

		Total	65.00	130.000	143.000

	ii)	Other income

		a)Duty drawback	--	--	--

		b)Other	0.025	0.028	0.030

		c)Commission/Brokerage/interest	--	--	--

		d) Sub-total [a+b+c]	0.025	0.0285	0.030

		Total [i] + [ii]	65.025	130.028	143.030

2		COST OF SALES

	i)	Purchases	75.400	119.600	131.417
		Domestic	75.400	119.600	131.417
		Imported	--	--	--

	ii)	Other expenses [Process charges, carriage inward, comm, and brokerage on purchases, etc]	0.754	1.196	1.314

	iii)	Sub-total [i + ii]	76.154	120.796	132.731

	iv)	Add: Opening stock	--	16.000	16.500

	v)	Sub-total [iii + iv]	76.154	136.796	149.231

	vi)	Less: Closing Stock	16.000	16.500	17.000

	vii)	Sub-total [Total cost of sales] [v - vi]	60.154	120.296	132.231

3		Selling, General and Administrative Expenses (including bonus payments)	1.950	3.900	4.290

4		Operating Profit before interest and Depreciation [1(iii)-2(vii)-3]	2.921	5.832	6.509

5		INTEREST Expenses - WC loan	1.381	2.763	2.763

		- Bank Charges	--	--	--

6		Depreciation	0.212	0.158	0.125

7		Operating profit after interest and depreciation [4-5-6]	1.327	2.911	3.621

8		(i) Add other non-operating income

		(a) Discount received	--	--	--

		(b) Other Income	--	--	--

		Subtotal (income)	--	--	--

		(ii) Deduct other non-operating expense

		(a) Directors Remuneration	--	--	--

		(b) other expense	--	--	--

		Subtotal (expenses)	--	--	--

		(iii) Net of other non-operating incomes/expenses (net of 8(i) and 8(ii))	--	--	--

9		Profit before tax/loss (7+8(iii))	1.327	2.911	3.621

10		Provision for tax	0.438	0.961	1.195

11		Net profit / (loss) [9-10]	0.889	1.950	2.426

12		(i) Equity dividend paid/ Drawings	--	--	--

		(ii) Dividend Rate	--	--	--

13		Retained Profit [11-12]	0.889	1.950	2.426

14		Retained profit / Net Profit (%age)	100%	100%	100%

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

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

SR.NO.	PARTICULARS	2015	2016	2017
		Estimated	Projection	Projection
	CURRENT LIABILITIES

1	Short term borrowings from bank (incl. Bills purchased, discounted and excess borrowings placed on repayment basis)

	(i) From applicant bank	25.000	25.000	25.000

	(ii) From other banks	--	--	--

	(iii) of which EP and BD	--	--	--

	Sub Total (A)	--	--	--

2	Short term borrowings from others	--	--	--

3	Sundry Creditors - Trade	2.279	2.326	2.555

4	Advance payments from customers/deposits from dealers	1.000	1.200	1.500

5	Provision for Taxation	0.438	0.961	1.195

6	Dividend Payable	--	--	--

7	Other statutory liabilities (due within one year)	--	--	--

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

9	Other current liabilities and Provisions (due within one year)	1.000	1.000	1.100

	Sub Total (B)	4.717	5.486	6.350

10	Total Current Liabilities [total of 1 to 9]	29.717	30.486	31.350

	TERM LIABILITIES

11	Debentures (not maturing within one year)	--	--	--

12	Preference Shares (redeemable after one year)	--	--	--

13	Term loans (excluding instalments payable within one year)	--	--	--

14	Deferred Payment Credits (excl. instalments due within one year)	--	--	--

15	Term deposits (Repayable after one year)	--	--	--

16	Other term liabilities
	(a) Unsecured loans	2.000	2.000	2.000

17	Total term liabilities (Total of 11 to 16)	2.000	2.000	2.000

18	Total Outside Liabilities [10+17]	31.717	32.486	33.350

	NET WORTH

19	Partners Capital	8.500	8.500	8.500

20	Capital addition	--	--	--

21	Drawing	--	--	--

22	Withdrawal	--	--	--

23	Surplus (+) or deficit (-) in Profit and Loss Account	0.889	2.840	5.266

24	Net worth	9.389	11.340	13.766

25	TOTAL LIABILITIES [18+24]	41.106	43.826	47.117

	CURRENT ASSETS

26	Cash and Bank balances	0.025	0.200	0.300

27	Deposits	--	--	--

28	Receivables	24.556	26.361	28.997

30	Inventories

	(i) Raw materials (including stores and other items in process of manufacture)
	(a) Imported	--	--	--
	(b) Indigenous	--	--	--

	(ii) Stock-in-process	--	--	--

	(iii) Other consumable stores
	(a) Imported	--	--	--
	(b) Indigenous	--	--	--

	(iv) Finished Goods	16.000	16.500	17.000

31	Advance to suppliers of Raw materials and stores/spares	--	--	--

32	Advance payment of taxes	--	--	--

33	Other current assets	0.238	0.635	0.815

34	Total Current asset [Total 26 to 33]	40.819	43.696	47.112

	FIXED ASSETS

35	Gross Block (land and building machinery vehicles work-in-progress)	0.500	0.500	0.500

36	Depreciation to date	0.212	0.370	0.495

37	NET BLOCK (35-36)	0.288	0.130	0.005

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

	i.(a)Investments in subsidiary companies/ affiliates	--	--	--

	(b)Others	--	--	--

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

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

	iv. Others	--	--	--

39	Non-consumables stores and spare	--	--	--

40	Other non-current assets (incl. Dues from director)	--	--	--

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

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

43	TOTAL ASSETS (Total of 34,37,41 and 42)	41.106	43.826	47.117

44	Tangible net worth (24-42)	9.389	11.340	13.766

45	Net working Capital [(17+24)-(37+41+42)] Totally with (34-10)	11.102	13.210	15.762

46	Current Ratio [34/10]	1.37	1.43	1.50

47	Total outside liabilities / Net worth (18/44)	3.38	2.86	2.42

	Quasi	2.61	2.29	1.99

	ADDITIONAL INFORMATION

	A. Arrears of depreciation	--	--	--

	B. Contingent Liabilities:	--	--	--

	(a)Arrears of cumulative dividends	--	--	--

	(b)Gratuity liability not provided for	--	--	--

	(c)Disputed excise/ customs/tax liabilities	--	--	--

	(d)Other liabilities not provided for	--	--	--

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

FUNDS FLOW STATEMENT

(RS. IN MILLIONS)

SR.NO.	PARTICULARS	2015	2016	2017
		Estimated	Projection	Projection
1	Sources

	[a] Net profit (after tax)	0.889	1.950	2.426

	[b] Depreciation	0.212	0.158	0.125

	Partners' Salary and interest	--	--	--

	[c] Increase in Capital	8.500	0.000	0.000

	[d] Increase in Term Liabilities (incl. Public deposits)	--	--	--

	[e] Decrease in

	[i] Fixed Assets	--	--	--

	[ii] Other non-current Assets	--	--	--

	[f] Others (Unsecured Loans)	2.000	0.000	0.000

	[g] Total	11.602	2.108	2.551

2	Application

	[a] Net Loss	--	--	--

	[b] Decrease in Term Liabilities (Incl. Public deposits)	--	--	--

	[c] Increase in

	[i] Fixed Assets	0.500	--	--

	[ii] Other non-current Assets	--	--	--

	[d] Drawing	--	--	--

	[e] Others (Unsecured loans)	--	--	--

	[f] Total	0.500	--	--

3	Long Term Surplus (+) / Deficit (-) (1 minus 2)	11.102	2.108	2.551

4	+ / (-) in current assets* (As per details given below)	40.819	2.878	3.416

5	+ / (-) in current Liabilities other than bank borrowings	4.717	0.770	0.864

6	+ / (-) in working capital Gap	36.102	2.108	2.552

7	Net Surplus (+) / deficit (-) (Difference of 3 and 6)	(25.000)	--	--

8	+ / (-) in Bank Borrowings	25.000	--	--

	* Break up of (4)

	[i] + / (-) in Raw material	--	--	--

	[ii] + / (-) in Stock in process	--	--	--

	[iii] + / (-) in finished goods	16.000	0.500	0.500

	[iv] + / (-) in Receivables

	[a] Domestic	24.556	1.806	2.636

	[b] Export	--	--	--

	[iii] + / (-) in stores and spares	--	--	--

	[iii] + / (-) in other Current Assets	0.263	0.572	0.280

	Total	40.819	2.878	3.416

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COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

(RS. IN MILLIONS)

SR.NO.	PARTICULARS	2015	2016	2017
		Estimated	Projection	Projection
	A. CURRENT ASSETS:

1	Cash and Bank Balances	0.025	0.200	0.300

	Fix Deposits	--	--	--

2	Investments (other than long term investments)

	(i) Government and other Trustee securities	--	--	--

	(ii) Fixed deposits with banks	--	--	--

3	(i) Receivables other than deferred and exports (incl. Bills purchased and discounted by banks)	24.556	26.361	28.997

	(ii) Export receivable (incl. Bills purchased and discounted by banks)	--	--	--

4	Instalments of deferred receivable (due within one year)	--	--	--

5	Inventories

	(i) Raw materials (including stores and other items in process of manufacture)
	(a) Imported	--	--	--
	(b) Indigenous	--	--	--

	(ii) Stock-in-process	--	--	--

	(iii) Other consumable stores
	(a) Imported	--	--	--
	(b) Indigenous	--	--	--

	(iv) Finished Goods	16.000	16.500	17.000

6	Advance to suppliers of Raw materials and stores/spares	--	--	--

7	Advance payment of taxes	--	--	--

8	Other current assets	0.238	0.635	0.815

9	Total Current Assets [1 to 8]	40.819	43.696	47.112

	(To agree with item 34 in Form III)	40.819	43.696	47.112

	B. CURRENT LAIBILITES (Other than bank borrowings for working capital)

10	Short term borrowings from others	--	--	--

11	Sundry Creditors - Trade	2.279	2.326	2.555

	LC Creditors	--	--	--

12	Advance payments from customers/deposits from dealers	1.000	1.200	1.500

13	Provision for Tax	0.438	0.961	1.195

14	Dividend Payable	--	--	--

15	Other statutory liabilities (due within one year)	--	--	--

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

17	Other current liabilities and Provisions (due within one year)	1.000	1.000	1.100

18	Total Current Liabilities [10 to 17]	4.717	5.486	6.350

	(To agree with sub-total B-Form III)	4.717	5.486	6.350

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

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE AND WORKING CAPITAL

(RS. IN MILLIONS)

SR.NO.	PARTICULARS	2015	2016	2017
		Estimated	Projection	Projection
1	Total Current Assets (Form IV)	40.819	43.696	47.112

2	Other Current Liabilities (other than bank borrowings) (14 of Form IV)	4.717	5.486	6.350

3	Working Capital Gap (WCP) (1-2)	36.102	38.210	40.762

4	Minimum stipulated net working Capital - 25% of total current assets other than Export Receivables (as at 28(ii) of form III)	10.205	10.924	11.778

5	Actual/projected net working capital (45 in form III)	11.102	13.210	15.762

6	Item 3 minus item 4	25.897	27.286	28.984

7	Item 3 minus item 5	25.000	25.000	25.000

8	Maximum permissible bank finance (item 6 or 7 whichever is less)	25.000	25.000	25.000

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

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

STATEMENT OF FINANCIAL ANALYSIS

(RS. IN MILLIONS)

SR.NO.	PARTICULARS	2015	2016	2017
		Estimated	Projection	Projection

a)	Proprietors capital	9.389	11.340	13.766

b)	Tangible Net worth	9.389	11.340	13.766

c)	Investment in cos (Of which in group cos)	0.000	0.000	0.000

d)	Adjusted TNW	9.389	11.340	13.766

e)	Term Liabilities	2.000	2.000	2.000

f)	Capital Employed	11.389	13.340	15.766

g)	Net Block	0.288	0.130	0.005

h)	Net sales :	65.000	130.000	143.000

i)	Other Income	0.025	0.028	0.030

j)	EBIDTA	2.921	5.832	6.509

k)	Interest	1.381	2.763	2.763

l)	Taxes	0.438	0.961	1.195

m)	Cash Accruals	1.102	2.108	2.551

n)	Depreciation	0.212	0.158	0.125

o)	Net Profit/(Loss)	0.889	1.950	2.426

p)	Current Assets	40.819	43.696	47.112

q)	Current Liabilities	29.717	30.486	31.350

	RATIOS :

r)	Current ratio	1.37	1.43	1.50

s)	Debt/Equity :

	Term liabilities/ TNW	0.21	0.18	0.15

t)	TOL/TNW	3.38	2.86	2.42

u)	TOL/ Adjusted TNW	3.38	2.86	2.42

v)	TOL/Quasi Equity	2.61	2.29	1.99

w)	Profitability%: PAT/Net Sales	1.37%	1.50%	1.70%

x)	Interest Coverage	1.80	1.76	1.92

y)	Inventory + Receivables/ Sales (%)	62.39%	32.97%	32.17%

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

VALUATION REPORT

GENERAL DETAILS

Purpose for which valuation is made

To assess the fair market value for bank

Date as on which valuation is made

22.08.2014

Name of the Owner / Owners

Mr. Jagdish Lumbaji Turesha

If the property is under joint ownership/ Co-ownership, share of each such owner. Are the share undivided?

Brief description of the property

Shop No. 3 & 4, Parag Complex, Kudus, Bhiwandi Wada Road, Thane- 421303, Maharashtra, India

Location, Street, Ward No. (Postal Address)

Bhiwandi Wada Road, Village Kudus, Thane, Maharashtra, India

Survey/Plot No. of Land

Gat No. 327, Paiki Plot No. 3 & 4, Village Kudus, Taluka Wada, District Thane, Maharashtra, India

Is the property situated in Residential/ Commercial/ Mixed Area/ Industrial Area

Commercial

Classification of Locality – High class/ Middle class/ Poor class

Middle Class

Proximity to civic amenities like Schools, Hospitals, Offices, Market, Cinemas, etc.

Available within 1 to 2 Kms.

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

Auto and Bus Routes are available

Area of land supported by documentary proof, shape, dimensions and physical features

As per technical details

Roads, Streets of Lanes on which the land is abutting

Bhiwandi Wada Road

It is free hold or lease hold land?

Freehold

If leasehold, the name of lessor/ lessee, Nature of Lease, date of commencement and termination of lease, terms of renewal of lease

(i) Initial Premium

(ii) Ground rent payable per annum

(iii) The Unearned increase payable to the Lessor in the event of sale of transfer

Yes

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

Are there any agreements of easements? If so, attach copies

Does the land fall in an area included in any Town Planning Scheme or any Development Plan of Government of any Statutory body? If so give particulars

Falls under the limits of Kudus gram Panchayat

IMPROVEMENT

In front of shops

i) 15ft. A.C.C. Shed

ii) 6ft. Cudappa Flooring

iii) 6ft. Cement Concretes

TECHNICAL DETAILS

No of floors and height of each floor

Ground 2 upper floors at height of 10’ for floor

Plinth area floor wise (as per IS 3861-1966)

As per technical details

Year of Construction

2001

Estimated future life

45 Years

Type of construction – Load Bearing Walls/ R.C.C. Frame/ Steel Frame

R.C.C. Foundation

Type of foundations

R.C.C. Foundation

Walls : (a) Basement and Plinth

(b) Ground Floor

9” thick B.B.M. Walls

Partitions

9” thick B.B.M. Walls

Door and Windows (Floor Wise)

(a) Ground Floor

(b) 1^st Floor

Steel Rolling Shutter

Flooring (Floor-wise)

Kota Stone

Finishing (Floor-Wise)

Externally Sand Faced Cement Plaster

Internally Neeru Finish Cement Plastered

While Paints

Roofing and Terracing

R.C.C. Sheet in Two Layer Over Steel Frame

Special architectural of decorative features, if any

i) In front 15 A.C.C. Shed

ii) 6’ ft. Caduppa Stone

iii) 6’ ft. Cement Concrete

(a) Internal Wiring – Surface or Conduit

(b) Class of fitting – Superior/ Ordinary/ Poor

Casing Capping

Standard Quality

VALUATION :

1) Type of Consolation:

Shop No. 3 and No. 4 are situated on ground floor of a building having ground plus two storey’s. The shop are interconnected in the rear by 6ft. x 3 ft. opening between them.

The building is R.C.C. framed structure. The walls are made of burnt bricks duly plastered is cement mortar on both side. The Ceiling is R.C.C. slab at a height & 10 ft. The Flooring is on a raised platform and is covered with kota stone slab. In front of is Steel Rolling Shutter for individual shop. In Shop No. 4 on the rear side is a toilet whose walls are fully covered with printed Tiles, Electric Wiring is in Casing and Capping System.

2) Location :

The shops are situated in market area of Village Township Market on both sides of Bhiwandi Wada Road being largest in the stretch is village and industries on both sides and is situated at a distance of 30 kms from Bhiwandi on Mumbai Area Road and 10 kms from Wada on Mumbai Ahmedabad Highway and 45 km from Thane.

There are number of shops on both sides in the same building.

AREA

CARPET AREA

SALEABLE AREA

Shop No.3

311 Sq. Ft.

390 Sq. Ft.

Shop No.4

311 Sq. Ft.

390 Sq. Ft.

4) Estimated Market Value:

Taking all factors into consideration, demand in this are due to its Strategic location and Market enquiry, They estimate Fair Market Value of Shops at the rate of Rs. 20,000/- Per Sq. Ft. as below

Shop No.3	Rs. 20,000/- x 390 Sq. Ft.	Rs. 7.800 Millions
Shop No.4	Rs. 20,000/- x 390 Sq. Ft.	Rs. 7.800 Millions
		Rs. 15.600 Millions

5) Distress Sale Value

D.S.V.	80% of Market Value
	0.8 x 15.600 Millions
	Rs. 12.480 Millions

6) Insurance Value

D.S.V.	Area x Construction Cost
	(311+311) Sq. Ft. x Rs. 1000/-
	622 x Rs. 1000/-
	Rs. 0.622 Million

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CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.32
UK Pound	1	Rs.99.00
Euro	1	Rs.78.14

INFORMATION DETAILS

Information Gathered by :	SVA

Analysis Done by :	RAS

Report Prepared by :	MRI

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

Unit