MIRA INFORM REPORT

Report Date :

13.09.2014

IDENTIFICATION DETAILS

Name :	MAA SHAKAMBHARI INDUSTRIES PRIVATE LIMITED [w.e.f.25.08.2014]
Formerly Known As :	MAA SHAKAMBHARI REAL ESTATE MANAGEMENT PRIVATE LIMITED [w.e.f.23.10.2013] GPDS MARKETING PRIVATE LIMITED
Registered Office :	A/02, Basement, Shree Sai Park, L.B.S Marg, Azad Nagar No.2, Thane (West), Thane – 400601, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	14.05.2009
Com. Reg. No.:	11-192404
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U74999MH2009PTC192404
PAN No.: [Permanent Account No.]	AADCG4570B
Legal Form :	Private Limited Liability Company
Line of Business :	Trading of TMT Bars and Structures.
No. of Employees :	4 (2 in Office and 2 in Factory) (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Yet to commence its business operations
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated on 14^th May 2009, it is yet to commence its business operation. As per available financial record of 2013, the company has incurred some pre-operating expense which resulting into accumulated losses recorded by the company. As claimed by Mr. Sanjay, Director that company will start its commercial operation from 15^th September 2014. As per status in the Registrar of Companies, business appears to be active. Payments are reported to be unknown. The company can be considering for business dealings with great 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

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes that many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

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 :	Ms. Binali
Designation :	Consultant
Contact No.:	91-22-67085549
Date :	09.09.2014

LOCATIONS

Registered Office :	A/02, Basement, Shree Sai Park, L.B.S Marg, Azad Nagar No.2, Thane (West), Thane – 400601, Maharashtra, India
Tel. No.:	Not Available
Mobile No.:	91-9833788411 [Mr. Sanjay Singh Rajpurohit]
Fax No.:	Not Available
E-Mail :	sureshsomaiya@yahoo.com
Location :	Owned
Factory :	Rahul Ashiyana Rahur Village, Post Padgha, Taluka Bhiwandi, District Thane, Maharashtra, India
Location :	Owned

DIRECTORS

AS ON 30.09.2013

Name :	Mr. Harshal Anil Dabholkar
Designation :	Additional director
Address :	402, A Wing, Solitaire Tower, Ghodbunder Road, Manpada, Thane (West) – 400607, Maharashtra, India
Date of Birth/Age :	11.05.1989
Qualification :	Graduate
Experience :	3 Years
Date of Appointment :	01.03.2013
PAN No.:	ALVPD5631L
DIN No.:	06500536
Name :	Mrs. Madhuri Dabholkar
Designation :	Additional director
Address :	402, A Wing, Solitaire Tower, Ghodbunder Road, Manpada, Thane (West) – 400607, Maharashtra, India
Date of Birth/Age :	10.02.1963
Qualification :	Graduate
Experience :	10 Years
Date of Appointment :	01.03.2013
PAN No.:	AGMPD2947B
DIN No.:	06500544
Name :	Mr. Sanjay Singh Rajpurohit
Designation :	Additional director
Address :	104, Shree Siddhivinayak Plaza, Pada No., Lokmanya Nagar, Thane (West) – 400606, Maharashtra, India
Date of Birth/Age :	05.08.1976
Qualification :	Graduate
Experience :	13 Years
Date of Appointment :	01.03.2013
PAN No.:	AKCPR5147F
DIN No.:	06500550

KEY EXECUTIVES

Name :	Ms. Binali
Designation :	Consultant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares	Percentage of Holding
Harshal Anil Dabholkar	5000	50.00
Sanjay Singh Rajpurohit	1000	10.00
Madhuri Anil Dabholkar	4000	40.00
Total	10000	100.00

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Trading of TMT Bars and Structures.
Terms :
Selling :	Others
Purchasing :	Others

GENERAL INFORMATION

Suppliers :

SR. NO.	NAME	ADDRESS	DEALING PERSON	CONTACT NO.
1	Anam Industries	Plot No. 89, Silver Industrial Estate, Village Bhimpore, Daman.	Mr. Pappu Bhai	09821143046
2	Torane Ispat Udyog Private Limited	Survey No. 5/2, Village Torane, Wada Vashind Road, Wada.	Mr. Babu Bhai	09594987786
3	Arti Alloys Private Limited	H.No. 764, Sai Auto Service, Village Mann, Near Handi Garden Hotel, Boiser.	Mr. Amit Wadhva	09930011211
4	Shree Mahaveer Alloys	Survey No. 187/1, Athiyawad, Dabhel, Nani Daman.	Mr. Vipul Bhai Shah	09925130430
5	Konark Steels	Regency House, Near Man Cinema, Ulhasnagar, District Thane, Maharashtra, India	Mr. Subhash Agarwal	09890071122

Customers :

Wholesalers

SR. NO.	NAME	ADDRESS	DEALING PERSON	CONTACT NO.
1	Vishnu Steels	Survey No. 5/2, Village Torane, Wada Vashind Road, Wada	Mr. Gb Rajpurohit	09833377411
2	G M Enterprises	503, Pushpa Mangal Complex, L.B.S. Marg, Thane (West), Maharashtra, India	Mr. Ramu Goyal	09321643857
3	Shubh M.L. Shah and Sons Steel Private Limited	Plot No. 97, Sector-23, Cidco Service Industrial Area, Turbhe New Mumbai, Maharashtra, India	Mr. Dinesh Bhai Shah	022-27831896
4	Neelam Enterprises	201, Shivom Appartment, Gokhle Nagar, Opposite IIT Main Gate, Powai, Mumbai, Maharashtra, India	Mr. Ghanshyam Pandey	09324195728
5	Nitish Enterprises	415, Ijmima, Behind Goregaon Sports Club, Link Road, Malad (West), Mumbai, Maharashtra, India	Mr. Devendra Tater	09892295115

No. of Employees :

4 (2 in Office and 2 in Factory) (Approximately)

Bankers :

· Bank of India

Banker Report: Satisfactory

Banking Relations :	--
Auditors :
Name :	Suresh Pravinkant Somaiya Chartered Accountant
Address :	2/3, Dahisar Bahar CHS Limited, S.V Road, Near Canara Bank, Dahisar (East), Mumbai – 400068, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAGPS2675F

CAPITAL STRUCTURE

AFTER 30.09.2013

Authorised Capital : Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital : Rs. 0.100 Million

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10,000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	0.000	0.000	(0.029)
(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)	0.100	0.100	0.071
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(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)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	0.007	0.000	0.000
Total Current Liabilities (4)	0.007	0.000	0.000
TOTAL	0.107	0.100	0.071
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000	0.000	0.000
(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)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.046	0.039	0.010
Total Non-Current Assets	0.046	0.039	0.010
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	0.014	0.014	0.014
(e) Short-term loans and advances	0.047	0.047	0.047
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	0.061	0.061	0.061
TOTAL	0.107	0.100	0.071

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2013	31.03.2012	31.03.2011
PROFIT/ [LOSS] AFTER TAX	(0.010)	(0.003)	(0.003)
Earnings/ [Loss] Per Share (Rs.)	(0.98)	(0.33)	(0.28)

KEY RATIOS

PARTICULARS	31.03.2013	31.03.2012	31.03.2011
Debt Equity Ratio (Total Debt/Networth)	0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)	8.71	0.00	0.00

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.100	0.100	0.100
Reserves & Surplus	(0.029)	0.000	0.000
Net worth	0.071	0.100	0.100
Long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

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	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	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	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

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

MR. SANJAY SINGH RAJPUROHIT

STATEMENT OF TOTAL INCOME

(RS. IN MILLIONS)

PARTICULARS	31.03.2013
SALARIES
Vishnu Steels			0.168
S. No. 192, Tusa Road, Village Kone, Taluka Wada, Thane - 421303			______
			0.168
Less: Deduction
u/s 16(iii) Professional Tax			0.003
Taxable Salary				0.165
PROFITS AND GAINS OF BUSINESS OR PROFESSION
Business Income			0.236
Net Business Profit				0.236
INCOME FROM OTHER SOURCES
INTEREST
Bank Interest	0.002
		0.002
			0.002
				0.002
Gross Total Income				0.403
Less: Deductions under Chapter VIA
S 80C
LIC Premium		0.050
Provident Fund [Salaries]		0.020
Deduction u/s 80C Rs. 0.070 Million			0.070
S 80D Medical Insurance Rs. 0.003 Million			0.003
S 80TTA Interest on Saving Deposits Rs. 0.002 Million			0.002
Total Deduction				0.075
Total Income				0.328
Total Income [Rounded off]				0.328
INCOME TAX WORKING
Income Tax payable on Income	0.328			0.013
Educational Cess @ 3%				0.000
Income Tax				0.013
ADVANCE TAX DETAILS
15.03.2013 Punjab National Bank		0.005
BSR No. 0302275, Challan No. 06439		______	0.005
				0.005
Income Tax Payable				0.008
INTEREST U/S 234A/ 234B/ U/S 234C
u/s 234B short fall Rs. 0.008 for 4 months			0.000
u/s 234C short fall installment 15^th September Rs. 0.004 Million		0.000
u/s 234C short fall installment 15^th December Rs. 0.008 Million		0.000
u/s 234C short fall installment 15^th March Rs. 0.008 Million		0.000
			0.001
Interest u/s 234				0.001
Income Tax Payable				0.009
SELF ASSESSMENT TAX PAID
25.07.2013 Punjab National Bank			0.010
BSR No. 0302275, Challan No. 00531			0.000
				0.010
Income Tax Refund				(0.001)

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

MR. SANJAY SINGH RAJPUROHIT

BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2013
SHAREHOLDERS FUNDS
1] Proprietor’s Capital		1.347
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		1.347
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.250
TOTAL BORROWING		0.250
DEFERRED TAX LIABILITIES		0.000
TOTAL		1.597
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.045
Capital work-in-progress		0.000
INVESTMENT		0.105
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	0.097
	Other Current Assets	0.000
	Loans & Advances	1.350
Total Current Assets		1.447
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.000
Net Current Assets		1.447
MISCELLANEOUS EXPENSES		0.000
TOTAL		1.597

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

MR. SANJAY SINGH RAJPUROHIT

PROFIT AND LOSS ACCOUNT

(RS. IN MILLIONS)

	PARTICULARS		31.03.2013
	SALES
		Sales	0.000
		Brokerage and Commission	0.050
		Other Income	0.146
		TOTAL	0.196
Less	EXPENSES
		Bank Charges	0.000
		Conveyance	0.009
		Tea and Refreshment	0.005
		Telephone charges	0.006
		General expenses	0.003
		TOTAL	0.023
	NET PROFIT		0.173

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

MRS. MADHURI DABHOLKAR

COMPUTATION OF TOTAL INCOME

(RS. IN MILLIONS)

PARTICULARS	31.03.2013
INCOME FROM HOUSE PROPERTY		0.061
Rent	0.096
Less: Deduction Permissible @ 30% on Rent i.e. on Rs. 0.129 Million	0.029
Less: Interest on Housing Loan	0.006
INCOME FROM BUSINESS OR PROFESSION
Net Profit as per Profit and Loss Account		0.242
INCOME FROM OTHER SOURCES		0.007
Bank Interest	0.006
Dividend	0.001
		________
GROSS TOTAL INCOME		0.310
LESS: DEDUCTION UNDER CHAPTER VIA		0.006
U/s. 80C – L.I.C. Premium	0.000
	0.006
LESS: EXEMPT INCOME		0.007
Dividend	0.001
Bank Interest u/s/ 80 TTA	0.006
		________
NET TAXABLE INCOME		0.297
Rounded off u/s. 288A		0.297
COMPUTATION OF TAX PAYABLE
Income Tax on Rs. 0.297 Million		0.010
Less: Tax Rebate		0.000
Income Tax Payable		0.010
Add: Education Cess		0.000
Total Income Tax Payable		0.010
Less: Tax Deducted at Source		0.004
Income Tax Payable		0.006
Add: Interest Payable		0.000
Net Income Tax Payable		0.006
Less: Self-Assessment Tax Paid as on 13.07.2013		0.007
Balance Payable / (Refundable)		(0.001)

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

MRS. MADHURI DABHOLKAR

BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2013
SHAREHOLDERS FUNDS
1] Capital Account		2.072
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		2.072
LOAN FUNDS
1] Secured Loans		0.043
2] Unsecured Loans		0.600
TOTAL BORROWING		0.643
DEFERRED TAX LIABILITIES		0.000
TOTAL		2.715
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.466
Capital work-in-progress		0.000
INVESTMENT		0.145
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.100
	Sundry Debtors	0.004
	Cash & Bank Balances	0.544
	Other Current Assets	0.000
	Loans & Advances	1.700
Total Current Assets		2.348
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.219
	Other Current Liabilities	0.000
	Provisions	0.025
Total Current Liabilities		0.244
Net Current Assets		2.104
MISCELLANEOUS EXPENSES		0.000
TOTAL		2.715

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

MRS. MADHURI DABHOLKAR

PROFIT AND LOSS ACCOUNT

(RS. IN MILLIONS)

	PARTICULARS		31.03.2013
	SALES
		Sales	0.000
		Brokerage and Commission	0.019
		Other Income	0.324
		TOTAL	0.343
Less	EXPENSES
		Bank Charges	0.000
		Conveyance expenses	0.019
		Salary and Wages	0.050
		Self-welfare Expense	0.015
		Telephone expenses	0.017
		TOTAL	0.101
	NET PROFIT		0.242

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

MRS. MADHURI DABHOLKAR

INCOME OF HOUSE PROPERTY

(RS. IN MILLIONS)

PARTICULARS	31.03.2013	PARTICULARS	31.03.2013
To Interest on Property Loan	0.006	By Rent [Housing Property]	0.096
To Net Income	0.090
Total	0.096	Total	0.096

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

MR. HARSHAL A. DABHOLKAR

BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2013
SHAREHOLDERS FUNDS
1] Capital Account		2.456
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		0.000
NETWORTH		2.456
LOAN FUNDS
1] Secured Loans		0.092
2] Unsecured Loans		0.000
TOTAL BORROWING		0.092
DEFERRED TAX LIABILITIES		0.000
TOTAL		2.548
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.037
Capital work-in-progress		0.000
INVESTMENT		0.015
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.013
	Cash & Bank Balances	0.038
	Other Current Assets	0.000
	Loans & Advances	1.495
Total Current Assets		1.546
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	0.050
	Provisions	0.000
Total Current Liabilities		0.050
Net Current Assets		1.496
MISCELLANEOUS EXPENSES		0.000
TOTAL		2.548

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

MR. HARSHAL A. DABHOLKAR

PROFIT AND LOSS ACCOUNT

(RS. IN MILLIONS)

	PARTICULARS		31.03.2013
	SALES
		Sales	0.000
		Brokerage and Commission	0.670
		Other Income	0.000
		TOTAL	0.670
Less	EXPENSES
		Bank Charges	0.000
		Conveyance	0.010
		Interest on Bank Loan	0.024
		Miscellaneous Expense	0.000
		Tea expenses	0.010
		Telephone and Mobile expenses	0.009
		Vehicle Insurance	0.011
		Vehicle Expenses	0.014
		TOTAL	0.078
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.592
Less/ Add	DEPRECIATION/ AMORTISATION		0.067
	NET PROFIT		0.525

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

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLIONS)

SR NO.		PARTICULARS	2015	2016	2017	2018
			Estimated	Projection	Projection	Projection
1		GROSS SALES
	i)	Sales
		a) Domestic Sales	125.000	137.500	151.250	166.375
		b) Export Sales	--	--	--	--
		c) Sub-total [a + b]	125.000	137.500	151.250	166.375
		d) %age rise (+) or fall (-) in net sales as compared to previous year	--	10.00%	10.00%	10.00%
		Total	125.000	137.500	151.250	166.375
	ii)	Other income
		a)Duty drawback	--	--	--	--
		b)Other	--	--	--	--
		c)Commission/Brokerage/interest	--	--	--	--
		d) Sub-total [a + b + c]	--	--	--	--
		Total [i] + [ii]	125.000	137.500	151.250	166.375
2		COST OF SALES
	i)	Purchases
		Domestic	135.350	119.856	132.246	145.645
		Imported	--	--	--	--
	ii)	Other expenses [Process charges, carriage inward, commission and brokerage on purchases, etc.]	5.000	5.500	6.050	6.655
	iii)	Sub-total [i + ii]	140.350	125.356	138.296	152.300
	iv)	Add: Opening stock	--	25.200	25.500	26.000
	v)	Sub-total [iii + iv]	140.350	150.556	163.796	178.300
	vi)	Less: Closing Stock	25.200	25.500	26.000	26.500
	vii)	Sub-total [Total cost of sales] [v - vi]	115.150	125.056	137.796	151.800
3		Selling, General and Administrative Expenses (including bonus payments)	4.250	5.500	6.050	6.655
4		Operating Profit before interest and Depreciation [1(iii)-2(vii)-3]	5.600	6.944	7.404	7.921
5		INTEREST Expenses.- WC loan	2.231	3.150	3.150	3.150
		- Bank Charges	--	--	--	--
6		DEPRECIATION	0.075	0.064	0.054	0.046
7		Operating profit after interest and depreciation [4-5-6]	3.294	3.730	4.200	4.724
8		(i) Add other non-operating income
		(a) Discount received	--	--	--	--
		(b) Other Income	--	--	--	--
		Sub-total (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) & 8(ii))	--	--	--	--
9		Profit before Tax/ Loss (7+8(iii))	3.294	3.730	4.200	4.724
10		Provision for tax	1.087	1.231	1.386	1.559
11		Net Profit / (Loss) [9-10]	2.207	2.499	2.814	3.165
12		(i) Equity dividend paid/ Drawings	--	--	--	--
		(ii) Dividend Rate	--	--	--	--
13		Retained Profit [11-12]	2.207	2.499	2.814	3.165
14		Retained profit / Net Profit (%age)	100%	100%	100%	100%

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

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

SR NO	PARTICULARS	2015	2016	2017	2018
		Estimated	Projection	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	25.000
	(ii) From other banks	--	--	--	--
	(iii) of which EP and BD	--	--	--	--
	Sub Total (A)	25.000	25.000	25.000	25.000
2	Short term borrowings from others	--	--	--	--
3	Sundry Creditors - Trade	3.708	3.284	3.623	3.990
4	Advance payments from customers/deposits from dealers	--	--	--	--
5	Provision for Taxation	1.087	1.231	1.386	1.559
6	Dividend Payable	--	--	--	--
7	Other statutory liabilities (due within one year)	--	--	--	--
8	Deposits/ Installments of term loan/DPGs/ Debentures, etc.(due within one year)	--	--	--	--
9	Other current liabilities and Provisions (due within one year)	1.500	2.000	2.500	3.000
	Sub Total (B)	6.295	6.515	7.509	8.549
10	Total Current Liabilities [total of 1 to 9]	31.295	31.515	32.509	33.549
	TERM LIABILITIES
11	Debentures (not maturing within one year)	--	--	--	--
12	Preference Shares (redeemable after one year)	--	--	--	--
13	Term loans (excluding installments payable within one year)	--	--	--	--
14	Deferred Payment Credits (excl. installments due within one year)	--	--	--	--
15	Term deposits (repayable after one year)	--	--	--	--
16	Other term liabilities
	(a) Unsecured loans	2.200	2.200	2.200	2.200
17	Total term liabilities (Total of 11 to 16)	2.200	2.200	2.200	2.200
18	Total Outside Liabilities [10+17]	33.495	33.715	34.709	35.749
	NET WORTH
19	Share Capital	6.500	6.500	6.500	6.500
20	Capital addition	--	--	--	--
21	Drawing	--	--	--	--
22	Withdrawal	--	--	--	--
23	Surplus (+) or deficit (-) in Profit & Loss Account	2.207	4.706	7.520	10.685
24	Net worth	8.707	11.206	14.020	17.185
25	TOTAL LIABILITIES [18+24]	42.202	44.921	48.729	52.934
	CURRENT ASSETS
26	Cash and Bank balances	0.400	0.410	0.420	0.500
27	Deposits	--	--	--	--
28	Receivables	15.411	17.705	20.719	23.703
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	25.200	25.500	26.000	26.500
31	Advance to suppliers of Raw materials and stores/spares	--	--	--	--
32	Advance payment of taxes	--	--	--	--
33	Other current assets	0.766	0.944	1.282	1.971
34	Total Current asset [Total 26 to 33]	41.777	44.559	48.422	52.673
	FIXED ASSETS
35	Gross Block (land and building machinery vehicles work-in-progress)	0.500	0.500	0.500	0.500
36	Depreciation to date	0.075	0.139	0.193	0.239
37	NET BLOCK (35-36)	0.425	0.361	0.307	0.261
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)	42.202	44.921	48.729	52.934
44	Tangible net worth (24-42)	8.707	11.206	14.020	17.185
45	Net working Capital [(17+24)-(37+41+42)] Totally with (34-10)	10.482	13.045	15.913	19.124
46	Current Ratio [34/10]	1.33	1.41	1.49	1.57
47	Total outside liabilities / Net worth (18/44)	3.85	3.01	2.48	2.08
	Quasi	2.87	2.35	2.00	1.73
	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	--	--	--	--

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

FUND FLOW STATEMENT

(RS. IN MILLIONS)

SR NO	PARTICULARS	2015	2016	2017	2018
		Estimated	Projection	Projection	Projection
1	SOURCES
	[a] Net profit (after tax)	2.207	2.499	2.814	3.165
	[b] Depreciation	0.075	0.064	0.054	0.046
	Partners' Salary and interest	--	--	--	--
	[c] Increase in Capital	6.500	--	--	--
	[d] Increased in Term Liabilities (incl. Public deposits)	--	--	--	--
	[e] Decrease in
	[i] Fixed Assets	--	--	--	--
	[ii] Other non-current Assets	--	--	--	--
	[f] Others (Unsecured Loans)	2.200	--	--	--
	[g] Total	10.982	2.563	2.868	3.211
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)	10.482	2.563	2.868	3.211
4	Increase/ (Decrease) in current assets* ( As per details given below)	41.777	2.782	3.862	4.252
5	Increase/ (Decrease) in current Liabilities other than bank borrowings	6.295	0.219	0.994	1.040
6	Increase/ (Decrease) in working capital Gap	35.482	2.563	2.868	3.211
7	Net Surplus (+) / deficit (-) (Difference of 3 and 6)	(25.000)	--	--	--
8	Increase/ (Decrease) in Bank Borrowings	25.000	--	--	--
	* Break up of (4)
	[i] Increase/ (Decrease) in Raw material	--	--	--	--
	[ii] Increase/ (Decrease) in Stock in process	--	--	--	--
	[iii] Increase/ (Decrease) in finished goods	25.200	0.300	0.500	0.500
	[iv] Increase/ (Decrease) in Receivables
	[a] Domestic	15.411	2.295	3.014	2.984
	[b] Export	--	--	--	--
	[iii] Increase/ (Decrease) in stores and spares	--	--	--	--
	[iii] Increase/ (Decrease) in other Current Assets	1.166	0.188	0.349	0.768
	Total	41.777	2.782	3.862	4.252

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

COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

(RS. IN MILLIONS)

SR NO	PARTICULARS	2015	2016	2017	2018
		Estimated	Projection	Projection	Projection
	A. CURRENT ASSETS:
1	Cash and Bank Balances	0.400	0.410	0.420	0.500
	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)	15.411	17.705	20.719	23.703
	(ii) Export receivable (incl. Bills purchased and discounted by banks)	--	--	--	--
4	Installments 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	25.200	25.500	26.000	26.500
6	Advance to suppliers of Raw materials and stores/spares	--	--	--	--
7	Advance payment of taxes	--	--	--	--
8	Other current assets	0.766	0.944	1.282	1.971
9	Total Current Assets [1 to 8]	41.777	44.559	48.422	52.673
	(To agree with item 34 in Form III)	41.777	44.559	48.422	52.673
	B. CURRENT LAIBILITES (Other than bank borrowings for working capital)
10	Short term borrowings from others	--	--	--	--
11	Sundry Creditors - Trade	3.708	3.284	3.623	3.990
	LC Creditors	--	--	--	--
12	Advance payments from customers/deposits from dealers	--	--	--	--
13	Provision for Tax	1.087	1.231	1.386	1.559
14	Dividend Payable	--	--	--	--
15	Other statutory liabilities (due within one year)	--	--	--	--
16	Deposits/Installments of term loan/DPGs/ Debentures, etc.(due within one year)	--	--	--	--
17	Other current liabilities and Provisions (due within one year)	1.500	2.000	2.500	3.000
18	Total Current Liabilities [10 to 17]	6.295	6.515	7.509	8.549
	(To agree with sub-total B-Form III)	6.295	6.515	7.509	8.549

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

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLIONS)

SR NO	PARTICULARS	2015	2016	2017	2018
		Estimated	Projection	Projection	Projection
1	Total Current Assets (Form IV)	41.777	44.559	48.422	52.673
2	Other Current Liabilities (other than bank borrowings) (14 of Form IV)	6.295	6.515	7.509	8.549
3	Working Capital Gap (WCP) (1-2)	35.482	38.045	40.913	44.124
4	Minimum stipulated net working Capital - 25% of total current assets other than Export Receivables (as at 28(ii) of form III)	10.444	11.140	12.105	13.168
5	Actual/projected net working capital (45 in form III)	10.482	13.045	15.913	19.124
6	Item 3 minus item 4	25.038	26.905	28.807	30.956
7	Item 3 minus item 5	25.000	25.000	25.000	25.000
8	Maximum permissible bank finance (item 6 or 7 whichever is less)	25.000	25.000	25.000	25.000
9	Excess borrowings, if any representing short fall in NWC (4-5)	--	--	--	--

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

FINANCIAL DETAILS

(RS. IN MILLIONS)

SR NO	PARTICULARS	2015	2016	2017	2018
		Estimated	Projection	Projection	Projection
a)	Paid up Capital	6.500	6.500	6.500	6.500
b)	Tangible Net worth	8.707	11.206	14.020	17.185
c)	Investment in cos	0.000	0.000	0.000	0.000
	(Of which in group cos)
d)	Adjusted TNW	8.707	11.206	14.020	17.185
e)	Net Block	0.425	0.361	0.307	0.261
f)	Net sales :	125.000	137.500	151.250	166.375
g)	Other Income	--	--	--	--
h)	EBIDTA	5.600	6.944	7.404	7.921
i)	Interest	2.231	3.150	3.150	3.150
j)	Gross Profit/(Loss)	9.850	12.444	13.454	14.576
k)	Taxes	1.087	1.231	1.386	1.559
l)	Cash Accruals	2.282	2.563	2.868	3.211
m)	Depreciation	0.075	0.064	0.054	0.046
n)	Net Profit/(Loss)	2.207	2.499	2.814	3.165
o)	Current Assets	41.777	44.559	48.422	52.673
p)	Current Liabilities	31.295	31.515	32.509	33.549
	RATIOS :
	Current ratio	1.33	1.41	1.49	1.57
q)	Debt/Equity :
	Term Liabilities/ Adjusted TNW	0.25	0.20	0.16	0.13
r)	TOL/ Adjusted TNW	3.85	3.01	2.48	2.08
s)	TOL/Quasi Equity	2.87	2.35	2.00	1.73
t)	Profitability%: PAT/Net Sales	1.77%	1.82%	1.86%	1.90%
u)	Interest Coverage	2.51	2.20	2.35	2.51
v)	Inventory + Receivables/ Sales (%)	32%	31%	31%	30%

SR NO	PARTICULARS	2015
		Estimated
a.	Gross Sales	137.500
b.	25% of Gross Sales	34.375
c.	5% of Gross Sales	6.875
d.	Actual /Projected Net Working Capital	15.930
e.	(b-c)	27.500
f.	(b-d)	18.440
g.	Permissible Bank Finance (Lower of e and f)	18.440

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

VALUATION REPORT

(GENERAL DETAILS)

PART I

Purpose for which valuation is made

To assess the fair market value for bank

Date as on which valuation is made

23.08.2014

Name of the Owner / Owners

Mr. Bhagwan Vasudeo Gaonkar

It the property is under Joint Ownership/ Co Ownership Share of each such owners are the shares undivided?

No

Brief description of the property

Anand Enclave Off No. 5, Ground Floor, Ambika Nagar, Luis Wadi, Thane [West] – 400606, Maharashtra, India

Location, Street, Ward No.

Anand Enclave, Luis Wadi, Thane – 400606

Survey / Plot No. of land

C.T.S. No. 835, Final Plot No., T.P.S., Luis Wadi, Village Panchpakadi, Thane – 400606.

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

Commercial/ Residential Area

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

Middle Class

Proximity to civic amenities like School, Hospitals, cinema etc.

Available within 1 to 2 Kms

LAND

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

Taxies and Bus routes are available.

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

See Part II of the Valuation Report

Roads, Street of Lanes on which the land is abutting

Market Area, Luis Wadi

It is freehold or leasehold land?

Yes

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

Not Available

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

No

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

No

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

Falls under the limits of Kudus Gram Panchayat.

IMPROVEMENT

Nil

RENT

Not Available

SALE

Not Available

(TECHNICAL DETAILS)

No of floors and height of each floor

Ground Floors + 5 Upper Storey’s at height of 9’ – 6’

Plinth area –floor wise [As per IS 3861-1966]

See Part II of the Valuation Report

Year of Construction

2011 - 2012

Estimated future life

60 Years

Type of construction [Load bearing walls/ RCC frame/ steel frame structure]

R.C.C. Framed

Type of foundations

R.C.C. Foundation

Walls:

- Basement and Plinth

- Ground Floor

- Superstructure above

Ground Floor

9” thick B.B.M. walls

Doors and Windows etc. (Floor-Wise)

- Ground Floor

- 1^st Floor

- 2^nd Floor etc.

T.W. Frame Door having sun Mica Panel

Flush Shutter with Class insert

Steel collapsible gate at 4 ft.

Flooring (Floor-wise)

Marbonite with colour pattern

Finishing (Floor Wise)

Externally sand faced cement plaster.

Internally neeru finish cement plaster.

White Paints

Roofing and Terracing

R.C.C. Sheet in Two Layer over steel frame.

Special architectural of decorative features, if any

POP false ceiling decorative wall panels.

Internal Wiring Surface of Conduit

Concealed

Class of fitting. Superior/ Ordinary/ Poor

--

PART II VALUATION

TYPE OF CONSOLATION

The above office premises is situated on ground floor of building having ground plus five storey’s and is market Residential area where ground floor mostly short offices and upper floor are residential flat.

The building is R.C.C. framed strutting. Ceiling is R.C.C. with slab with decorative POP false ceiling walls are mode of burnt brick covered with decorative panels. The flooring is converted with Muthi colour plarbonite is creative patters. Wininge is eariest out in coruscated system. The front twi dramed door having sun mica panel flush shutter with glass wisesb.

The office premises is having Director Chamber in the rear and reception cum administrative office is front with sun mica panels partition is decorative partter.

In the front is 4 ft. enclosure supplemented with steel gate. Further there is 9 ft. OTLA in the front fully covered with kota stone.

AREA

Shop Floor	250 Ft.
Saleable Area	375 Sq. ft.

ESTIMATED MARKET VALUE

Taking all factors into consideration demand in this area and Market Enquiry, they estimate Fair Market Value of the above shop premises as below: at the rate of Rs. 22000/- amounting of [Rs. 22000/- x 375] Rs. 8.250 Millions.

DISTRESS SALE VALUE

D.S.V.	80% of Market Value
	0.80 x Rs. 8.250 Millions
	Rs. 6.600 Millions

INSURANCE VALUE

I.V.	Area x Construction Cost
	250 x Rs. 1200/-
	Rs. 0.300 Million

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

VALUATION REPORT

(GENERAL DETAILS)

PART I

Purpose for which valuation is made

To assess the fair market value for bank

Date as on which valuation is made

23.08.2014

Name of the Owner / Owners

Mr. Ghanshyam R. Pandey

It the property is under Joint Ownership/ Co Ownership Share of each such owners are the shares undivided?

No

Brief description of the property

Shop No. 7, Chhabya Park CHS Limited, Majiwade, Thane - 400406

Location, Street, Ward No.

Majiwade, Thane - 400406

Survey / Plot No. of land

S. No. 116/1, 3 and 125/2, 5.

Village Majiwade, Taluka and District Thane

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

Commercial/ Residential Area

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

Middle Class

Proximity to civic amenities like School, Hospitals, cinema etc.

Available within 1 to 2 Kms.

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

Taxies and Bus routes are available.

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

See Part II of the Valuation Report

Roads, Street of Lanes on which the land is abutting

Majiwade Road, Thane - 400406

It is freehold or leasehold land?

Freehold

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

No

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

No

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

Falls under the limits of Thane Municipal Corporation.

IMPROVEMENT

Nil

RENT

Not Available

(TECHNICAL DETAILS)

No of floors and height of each floor

Ground and Six (6) Upper Floors at height of 9’ – 6’ for each floor.

Plinth area –floor wise [As per IS 3861-1966]

See Part II of the Valuation Report

Year of Construction

2000

Estimated future life

50 Years

Type of construction [Load bearing walls/ RCC frame/ steel frame structure]

R.C.C. Framed structure

Type of foundations

R.C.C. Foundation

Walls:

- Basement and Plinth

- Ground Floor

- Superstructure above

Ground Floor

9” thick B.B.M. walls

Doors and Windows etc. (Floor-Wise)

- Ground Floor

- 1^st Floor

- 2^nd Floor etc.

Steel Rolling Shutter

Flooring (Floor-wise)

Coloured Mosaic Tiles.

Finishing (Floor Wise)

Externally sand faced cement plaster.

Internally neeru finish cement plaster.

White Duco Paints

Roofing and Terracing

R.C.C. Slab

Special architectural of decorative features, if any

Not Available

Internal Wiring Surface of Conduit

Casing Capping

Class of fitting. Superior/ Ordinary/ Poor

Standard quality

PART II VALUATION

TYPE OF CONSOLATION

The above shop premises is situated on Ground floor of a building having Ground Plus Six Storey’s. In the front facing the road are number of shop in a row.

The building is R.C.C. framed structure. The walls are made of Burnt Brick duty plastered on both sides, the ceiling is R.C.C. slab at a height of 10 ft. the flooring is on a raised Platform and covered with coloured Mosaic Tiles. In the front is Steel Rolling Shutter supplemented with Steel Collapsible gate. Electric wiring is carried out in casing and capping systems. There is 12 ft. wide OTLA with perplex Sheet Shed in front of the shop.

AREA

Area	242.5 Sq. ft.
Saleable Area	360 Sq. ft.

ESTIMATED MARKET VALUE

Taking all factors into consideration demand in this area and Market Enquiry, they estimate Fair Market Value of the above shop at the rate of Rs. 15500/- per Sq. ft. amounting of [Rs. 18500/- x 360 Sq. ft.] Rs. 6.600 Millions.

DISTRESS SALE VALUE

D.S.V.	80% of Market Value
	0.80 x Rs. 6.600 Millions
	Rs. 5.328 Millions

INSURANCE VALUE

I.V.	Area x Construction Cost
	250 x Rs. 1000/-
	Rs. 0.250 Million

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

VALUATION REPORT

(GENERAL DETAILS)

PART I

Purpose for which valuation is made

To assess the fair market value for bank

Date as on which valuation is made

23.08.2014

Name of the Owner / Owners

Mrs. Madhuri Dabholkar

It the property is under Joint Ownership/ Co Ownership Share of each such owners are the shares undivided?

No

Brief description of the property

Flat No. 104, 1^st Floor, Building No. 12, Rahul Estate, Ambernath [East]

Location, Street, Ward No.

Building No. 12, Rahul Estate, Ambernath [East]

Survey / Plot No. of land

C.S. No. 233, Gat No. 10 PT, Village Morivali, Taluka Ulhasnagar, District Thane

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

Commercial Area

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

Middle Class

Proximity to civic amenities like School, Hospitals, cinema etc.

Available within 1 to 2 Kms.

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

Auto, Taxies routes are available.

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

See Part II of the Valuation Report

Roads, Street of Lanes on which the land is abutting

Off M.I.D.C. Road, Ambernath [East]

It is freehold or leasehold land?

Freehold

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

- Initial Premium

- Ground rent payable per annum

- The unearned increase payable to the Lessor in the event of sale or transfer

Yes

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

No

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

No

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

Falls under the limits of Ambernath Municipal Council.

IMPROVEMENT

Fully Renovated

RENT

Not Available

(TECHNICAL DETAILS)

No of floors and height of each floor

Ground 3 Upper Floors at height of 10’ for floor.

Plinth area –floor wise [As per IS 3861-1966]

See Part II of the Valuation Report

Year of Construction

2001

Estimated future life

45 Years

Type of construction [Load bearing walls/ RCC frame/ steel frame structure]

R.C.C. Foundation

Type of foundations

R.C.C. Foundation

Walls:

- Basement and Plinth

- Ground Floor

- Superstructure above

Ground Floor

9” thick B.B.M. walls

Partitions

9” thick B.B.M. walls

Doors and Windows etc. (Floor-Wise)

- Ground Floor

- 1^st Floor

- 2^nd Floor etc.

Wooden flush doors and safety door

Aluminum Sliding Window.

Flooring (Floor-wise)

Marbonite Tiles

Finishing (Floor Wise)

Externally sand faced cement plaster.

Internally neeru finish cement plaster.

White Duco Paints

Roofing and Terracing

R.C.C. Slab

Internal Wiring Surface of Conduit

Casing Capping

Class of fitting. Superior/ Ordinary/ Poor

Standard quality

PART II VALUATION

TYPE OF CONSOLATION

The above flat is situated on first floor of a building having Ground Plus Three Upper Storey’s. The building is R.C.C. framed structure. The walls are made of Burnt Brick duty plastered. Ceiling is R.C.C. slab. The flooring is covered with Marbonite Tiles. Kitchen, Bathroom and Toilet walls fully covered with Glazed. Tiles with concealed Plumbing. Kitchen is having Granite Platforms. The doors are teak wood frames with flush shutters covered with decorative Sun-mica. Front door is supplemented with steel door. The windows are Powder coated Aluminum sliding frames with glazing. Balcony in front of Bedroom is fully enclosed. Electric wiring is in casing and capping system.

AREA

Area Carpet	393 Sq. ft.
Saleable Area	510 Sq. ft.

ESTIMATED MARKET VALUE

Taking all factors into consideration demand in this area and Market Enquiry, they estimate Fair Market Value of the above shop at the rate of Rs. 5000/- per Sq. ft. amounting of [Rs. 5000/- x 510 Sq. ft.] Rs. 2.550 Millions.

DISTRESS SALE VALUE

D.S.V.	80% of Market Value
	0.80 x Rs. 2.550 Millions
	Rs. 2.040 Millions

INSURANCE VALUE

I.V.	Area x Construction Cost
	393 Sq. ft. x Rs. 1000/-
	Rs. 0.393 Million

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

VALUATION REPORT

(GENERAL DETAILS)

PART I

Purpose for which valuation is made

To assess the fair market value for bank

Date as on which valuation is made

23.08.2014

Name of the Owner / Owners

Mrs. Pushpa R. Modi

It the property is under Joint Ownership/ Co Ownership Share of each such owners are the shares undivided?

No

Brief description of the property

Flat No. 1/D, Chirag Apartment, Hajuri Dargah Road, Near L.I.C. Building, Wagle Industrial Estate, Thane [West]

Location, Street, Ward No.

Hajuri Dargah Road, Wagle Industrial Estate, Thane [West]

Survey / Plot No. of land

Final Plot No. 131, TPS No. 1 [Final], Thane.

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

Residential Area

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

Middle Class

Proximity to civic amenities like School, Hospitals, cinema etc.

Available within 1 to 2 Kms.

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

Taxies and bus routes are available.

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

See Part II of the Valuation Report

Roads, Street of Lanes on which the land is abutting

Hajuri Dargah Road, Wagle Industrial Estate, Thane [West]

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

- Initial Premium

- Ground rent payable per annum

- The unearned increase payable to the Lessor in the event of sale or transfer

Yes

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

No

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

No

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

Falls under the limits of Thane Municipal Corporation.

IMPROVEMENT

Fully Renovated recently

RENT

Not Available

(TECHNICAL DETAILS)

No of floors and height of each floor

Ground + 3 Floors

Height : 9’6”

Plinth area –floor wise [As per IS 3861-1966]

See Part II of the Valuation Report

Year of Construction

1992 - 1993

Estimated future life

40 Years

Type of construction [Load bearing walls/ RCC frame/ steel frame structure]

R.C.C. frame

Type of foundations

R.C.C. Foundation

Walls:

- Basement and Plinth

- Ground Floor

- Superstructure above

Ground Floor

9” thick B.B.M. walls

Doors and Windows etc. (Floor-Wise)

- Ground Floor

- 1^st Floor

- 2^nd Floor etc.

All sliding windows.

Aluminum Sliding Window.

Flooring (Floor-wise)

Marbonite Tiles in Living Room

Kota Stone in Rooms

Finishing (Floor Wise)

Externally sand faced cement plaster.

Internally neeru finish cement plaster.

White Paints

Roofing and Terracing

R.C.C.

Internal Wiring Surface of Conduit

Concealed

Class of fitting. Superior/ Ordinary/ Poor

Standard quality

PART II VALUATION

TYPE OF CONSOLATION

The above flat is situated on first floor of a building having Ground Plus Three Upper Storeys. The building is R.C.C. framed structure. The Ceiling is R.C.C. slab. The walls are made of burnt bricks duly plastered in both sides. The flooring in living room is covered with Marbonite Tile whereas in Bedroom with Kota Stone. The doors are Marble Frames with T.W. Shutters. The framed door is supplemented with safety door. The windows are powder coated sliding Aluminum Frames with glazing set in Marble frame. The Bath, toilet and Kitchen walls fully covered with glazed tiles with concealed Plumbing. The kitchen is having granite platform.

The premises has been fully renovated recently.

AREA

Area	37.15 Sq. ft. [Carpet]
	400 Sq. ft. [Carpet]
	520 Sq. ft. [B.U.]

ESTIMATED MARKET VALUE

Taking all factors into consideration, its location being 200 Mtr. From Eastern Express Highway, with full renovation, demand in this area and market enquiry, they estimate Fair Market Value of the above premises at the rate of Rs. 15000/- Per Sq. ft. amounting to [Rs. 15000/- Sq. ft. x 520] Rs. 7.800 Millions

DISTRESS SALE VALUE

D.S.V.	80% of Market Value
	0.80 x Rs. 7.800 Millions
	Rs. 6.240 Millions

INSURANCE VALUE

I.V.	Area x Construction Cost
	400 Sq. ft. x Rs. 1000/-
	Rs. 0.400 Million

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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

CHANGE OF ADDRESS:

The Registered Office of the company has been shifted from 212, Om Arcade, 2^nd Floor, Opposite Railway Crossing, V.S. Marg, Vihar (East), Thane – 401303, Maharashtra, India to the present address w.e.f.12.09.2013.

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

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 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 exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 60.84
UK Pound	1	Rs. 98.73
Euro	1	Rs. 78.64

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KAR
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

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

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

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