MIRA INFORM REPORT

Report No. :	342967
Report Date :	08.12.2015

IDENTIFICATION DETAILS

Name :	SHUBHLAKSHMI SHEETS AND STRIPS PRIVATE LIMITED
Registered Office :	Plot No. E-19/1, E-19/2, E-19/3, BOL, GIDC, Village BOL, Taluka Sanand, Ahmedabad – 382110, Gujarat
Mobile No.:	91-7041654016 [Mr. Chandrakant Mohanlal Patel]
Country :	India
Financials (as on) :	30.09.2015 [Provisional]
Date of Incorporation :	03.05.2013
Com. Reg. No.:	04-074860
Capital Investment / Paid-up Capital :	Rs.15.000 Million
CIN No.: [Company Identification No.]	U28112GJ2013PTC074860
IEC No.:	Not Applicable [As claimed by Company management, the Company does not Export and Import]
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AATCS0717J
Legal Form :	Private Limited Liability Company
Line of Business :	Jobwork for Cutting of Sheets.
No. of Employees :	59 (In Office 9 and In Factory 50) (Approximately)

RATING & COMMENTS

MIRA’s Rating :

NB

RATING	STATUS	PROPOSED CREDIT LINE
NB	New Business

Status :	Yet to commence operations
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Even though the company was incorporated in May 2013, it is yet to commence its business operations. Mr. Chandrakant Patel, Director has provided information of the subject and claimed that the company will start its business operations from April 2016. Further, as per available financial, the company has incurred loss from its business activities which are treated as pre-operating expenses. As per Registrar of Companies, business is active. Payment terms are unknown. It would be advisable to take adequate securities while dealing with the subject.

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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

NOT AVAILABLE

INFORMATION PARTED BY

Name :	Mr. Chandrakant Mohanlal Patel
Designation :	Director
Contact No.:	91-7041654016
Date :	28.11.2015

LOCATIONS

Registered Office/ Factory :	Plot No. E-19/1, E-19/2, E-19/3, BOL, GIDC, Village BOL, Taluka Sanand, Ahmedabad – 382110, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-7041654016 [Mr. Chandrakant Mohanlal Patel]
Fax No.:	Not Available
E-Mail :	ssshah.ca@gmail.com shubh.lakshmi42@gmail.com
Location :	Leased

DIRECTORS

AS ON 30.09.2014

Name :	Mr. Pradip Bechardas Patel
Designation :	Director
Address :	H-3, Balaji Avenue, Vastarpur, Ahmedabad, Gujarat, India
Date of Birth/Age :	18.08.1969
Qualification :	Diploma in Civil
Experience :	Contractor of Roads, Bridges and Builder for 22 Years
Date of Appointment :	03.05.2013
PAN No.:	AGAPP3089J
Passport No.:	H1268871
Voter ID No.:	LPZ5198825
DIN No.:	05203025
Name :	Mr. Saileshkumar Shankarlal Patel
Designation :	Director
Address :	2, Kshyam Bunglows, Ambaji Road, Highway, Patan - 384265, Gujarat, India
Date of Birth/Age :	01.01.1978
Qualification :	H.S.C.
Experience :	Trading in Tobacco for 13 Years and exp in Administration
Date of Appointment :	03.05.2013
PAN No.:	AXCPP6254E
Passport No.:	K0250469
DIN No.:	06512071
Name :	Mr. Narendrakumar Mohanlal Patel
Designation :	Director
Address :	26, Ashish Society, College Road, Patan - 384265, Gujarat, India
Date of Birth/Age :	01.06.1969
Qualification :	F.Y.B. Com
Experience :	Trading in Tobacco for 21 Years and exp in Administration
Date of Appointment :	03.05.2013
PAN No.:	ACAPP1774G
Passport No.:	J5170679
Voter ID No.:	GSS0982132
DIN No.:	06512067
Name :	Mr. Chandrakant Mohanlal Patel
Designation :	Director
Address :	6, New Vishal Society, Sector-7, Airoli, Navi Mumbai - 400708, Maharashtra, India
Date of Birth/Age :	01.06.1964
Qualification :	B. Sc.
Experience :	Fabrication Industry for 25 Years
Date of Appointment :	02.09.2013
PAN No.:	AAQPP3585R
DIN No.:	06675196

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 06.05.2015

Names of Shareholders	No. of Shares
Bharatkumar Haribhai Patel	105000
Niravkumar Nagjibhai Patel	60000
Shaileshkumar Shankarlal Patel	60000
Narendra M Patel	445000
Chandrakant Mohanlal Patel	445000
Pradipbhai Bechardas Patel	75000
Hiren Mafatlal Patel	75000
Pareshkumar Mangalbhai Patel	75000
Mahendrabhai Mangaldas Patel	150000
Pradipsingh Chaddha	5000
Parvindersingh Chaddha	5000
Total	1500000

AS ON 30.09.2014

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

BUSINESS DETAILS

Line of Business :	Jobwork for Cutting of Sheets.
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS

Particulars	Unit	Installed Capacity
Jobwork for Cutting of HR/CR Sheets by Slitting Machines	M.T.	180000 p.a.

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

End Users

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

59 (In Office 9 and In Factory 50) (Approximately)

Bankers :

· Bank of India

Thaltej Branch, Ahmedabad, Gujarat, India

Bank Name:	--
Branch:	--
Person Name (with Designation):	--
Contact Number:	--
Name of Account Holder:	--
Account Number:	--
Account Since (Date/ Year of A/c Opening):	--
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	--
Remarks:	--

Facilities :

--

Auditors :
Name :	Harshad Sudhir and Company Chartered Accountants
Address :	41, Stadium House, Opposite Muncipal Snanagar, Stadium Cross Road, Navarangpura, Ahmedabad – 380009, Gujarat, India
Tel. No.:	91-79-26444739
Mobile No.:	91-9924388744/ 9879878774
E-Mail :	harshadsudhir@gmail.com
Income-tax PAN of auditor or auditor's firm :	AAFFH3797J
Memberships :	--
Collaborators :	--
Sister Concern :	Pooja Engineering Co.

CAPITAL STRUCTURE

AFTER 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,500,000	Equity Shares	Rs. 10/- each	Rs. 15.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,500,000	Equity Shares	Rs. 10/- each	Rs. 15.000 Million

AS ON 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
1,500,000	Equity Shares	Rs. 10/- each	Rs. 15.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50,000	Equity Shares	Rs. 10/- each	Rs. 0.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		30.09.2015 [6 Months] [Provisional]
SHAREHOLDERS FUNDS
1] Share Capital		15.000
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(0.023)
NETWORTH		14.977
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		21.658
TOTAL BORROWING		21.658
DEFERRED TAX LIABILITIES		0.000
TOTAL		36.635
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		33.700
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	0.105
	Other Current Assets	0.000
	Loans & Advances	2.830
Total Current Assets		2.935
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.000
Net Current Assets		2.935
MISCELLANEOUS EXPENSES		0.000
TOTAL		36.635

SOURCES OF FUNDS	31.03.2015	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.500	0.500
(b) Reserves & Surplus	0.000	0.000
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	0.500	0.500
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	26.888	15.611
(b) Trade payables	0.000	0.000
(c) Other current liabilities	5.058	7.921
(d) Short-term provisions	0.164	0.055
Total Current Liabilities (4)	32.110	23.587
TOTAL	32.610	24.087
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	23.278	22.395
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	8.740	1.016
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	32.018	23.411
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.460	0.618
(e) Short-term loans and advances	0.132	0.058
(f) Other current assets	0.000	0.000
Total Current Assets	0.592	0.676
TOTAL	32.610	24.087

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.09.2015 [6 Months] [Provisional]
	SALES
		Sales	0.000
		Other Income	0.000
		TOTAL	0.000
Less	EXPENSES
		Bank Charges	0.000
		ROC Expenses	0.023
		TOTAL	0.023
	NET PROFIT/ (LOSS)		(0.023)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

PARTICULARS	30.09.2015 [6 Months] [Provisional]	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net Cash flow from (used in) Operations	NA	NA	NA

KEY RATIOS

PARTICULARS		30.09.2015 [6 Months] [Provisional]	31.03.2015	31.03.2014
Net Profit Margin (PAT / Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(0.06)	0.00	0.00
Return on Investment (ROI) (PBT/Networth)		0.00	0.00	0.00
Debt Equity Ratio (Total Liability/Networth)		1.45	53.78	31.22
Current Ratio (Current Asset/Current Liability)		0.00	0.02	0.03

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)
Share Capital	0.500	0.500
Reserves & Surplus	0.000	0.000
Money received against share warrants	0.000	0.000
Share Application money pending allotment	0.000	0.000
Net worth	0.500	0.500
Long-term borrowings	0.000	0.000
Short term borrowings	15.611	26.888
Total borrowings	15.611	26.888
Debt/Equity ratio	31.222	53.776

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	Yes
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
22	Conduct of the banking account	Yes
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last two years and six months	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last two years and six months	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

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

UNSECURED LOANS

(RS. IN MILLION)

PARTICULARS	31.03.2015	31.03.2014
SHORT TERM BORROWINGS
Loans repayable on demand
From Directors	21.530	10.253
From Shareholders	5.358	5.358
Total	26.888	15.611

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

COST OF PROJECT

(RS. IN MILLION)

SR. NO.	PARTICULARS	AMOUNT IN MILLION
1	Building	23.300
2	Land	22.000
3	Plant and Machinery	33.300
4	Electrical Fittings and Others	9.880
5	Preliminary Expenses	1.250
	Total	89.730
6	Add. Contingencies	4.487
7	Working Capital Margin	1.000
	TOTAL	95.217

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MEANS OF FINANCE

(RS. IN MILLION)

SR. NO.	PARTICULARS	AMOUNT IN MILLION
1	Capital	15.000
2	Term Loan	40.000
3	Long Term Unsecured from Relatives	40.217
	TOTAL	95.217

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

CASH FLOW STATEMENT

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20
		[PROJECTED]
A	SOURCES OF FUNDS
1	Net Profit Before Tax with interest added back but after depreciation development rebate	2.989	7.983	10.324	12.311	14.605
2	Issued and Paid up Capital	0.000	0.000	0.000	0.000	0.000
3	Depreciation	4.350	8.141	7.097	6.189	5.399
4	Preliminary and Pre-operative Expenses w/off	0.250	0.250	0.250	0.250	0.250
5	Development Rebate	0.000	0.000	0.000	0.000	0.000
6	Increase in Long Term Loans/ Debenture	15.314	(5.000)	(6.000)	(7.000)	(10.000)
7	Increase in Deferred Payment Facility	0.000	0.000	0.000	0.000	0.000
8	Increase in Term Loan	9.426	(4.971)	(4.971)	(4.971)	(4.971)
9	Increase in Bank Borrowing for working capital	0.000	0.000	0.000	0.000	0.000
10	Sales of fixed assets/ investment	0.000	0.000	0.000	0.000	0.000
11	Others Increase/ (Decrease) in Current Liabilities	11.854	1.153	0.427	0.336	0.395
	Total [A]	44.182	7.556	7.127	7.113	5.678
B	DISPOSITION OF FUND
1	Preliminary and Pre-operative Expenses	0.000	0.000	0.000	0.000	0.000
2	Increase in Capital Expenditure	35.238	0.000	0.000	0.000	0.000
3	Increase in Current Assets, Inventories and Others	3.859	1.510	1.858	1.259	1.345
4	Decrease in Term Loans/ Debenture	0.000	0.000	0.000	0.000	0.000
5	Decrease in Unsecured Loans/ Deposits	0.000	0.000	0.000	0.000	0.000
6	Decrease in Deferred Payment facilities	0.000	0.000	0.000	0.000	0.000
7	Increase in Investments	0.000	0.000	0.000	0.000	0.000
8	Interest	2.058	4.860	4.117	3.374	2.631
9	Taxation	0.287	0.965	1.918	2.762	3.700
10	Withdrawals	0.000	0.000	0.000	0.000	0.000
11	Other Expenses	0.000	0.000	0.000	0.000	0.000
	Total [B]	41.443	7.335	7.893	7.394	7.676
	Opening Balance	1.000	3.739	3.961	3.195	2.914
	Surplus / Deficit	2.739	0.221	(0.766)	(0.281)	(1.998)
	Closing Balance	3.739	3.961	3.195	2.914	0.916

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

CALCULATION OF DSCR

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20
		[PROJECTED]
A	Net Profit after Tax	0.643	2.158	4.290	6.175	8.274
	Add: Depreciation	4.350	8.141	7.097	6.189	5.399
	Amortised Preliminary Expenses	0.250	0.250	0.250	0.250	0.250
	Total	5.243	10.550	11.636	12.614	13.923
B	Interest Expenses
	Term Loan Interest	2.058	4.860	4.117	3.374	2.631
	Interest on Working Capital	0.000	0.000	0.000	0.000	0.000
	Total Interest	2.058	4.860	4.117	3.374	2.631
	DSCR	2.55	2.17	2.83	3.74	5.29

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

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20
		[PROJECTED]
1	Gross Sales
	1. Job work Sales	19.500	42.900	46.800	50.700	54.600
	2. Trading Sales	0.000	0.000	0.000	0.000	0.000
	3. Add other revenue income	0.000	0.000	0.000	0.000	0.000
	Total	19.500	42.900	46.800	50.700	54.600
2	Less: Excise Duty	0.000	0.000	0.000	0.000	0.000
	Deduct other items	0.000	0.000	0.000	0.000	0.000
3	Net Sales	19.500	42.900	46.800	50.700	54.600
4	%age rise (+) or fall (-) in net sales as compared to previous year	0.00	10.00	9.09	8.59	7.22
5	Cost of Sales
	1. Raw Material
	- Imported	0.000	0.000	0.000	0.000	0.000
	- Indigenous	0.000	0.000	0.000	0.000	0.000
	2. Other Consumables
	- Imported	0.000	0.000	0.000	0.000	0.000
	- Indigenous	0.000	0.000	0.000	0.000	0.000
	3. Packing Material
	- Imported	0.000	0.000	0.000	0.000	0.000
	- Indigenous	0.000	0.000	0.000	0.000	0.000
	4. Power and Fuel	5.000	10.500	11.025	11.576	12.155
	4. Direct Labour	3.600	7.620	8.130	8.640	9.240
	5. Other manufacturing expenses	1.075	2.600	2.800	3.000	3.250
	6. Depreciation	4.350	8.141	7.097	6.189	5.399
	Sub-total [1 + 6]	14.025	28.861	29.052	29.405	30.044
	7. Add: Opening stock in process	0.000	0.000	0.000	0.000	0.000
	Sub-total	0.000	0.000	0.000	0.000	0.000
	8. Less: Closing Stock in process	0.000	0.000	0.000	0.000	0.000
	Cost of Production	0.000	0.000	0.000	0.000	0.000
	9. Add: Opening stock of finished goods	0.000	0.000	0.000	0.000	0.000
	Sub-total	0.000	0.000	0.000	0.000	0.000
	10. Less: Closing Stock of finished goods	0.000	0.000	0.000	0.000	0.000
	Cost of Sales	14.025	28.861	29.052	29.405	30.044
6	Selling, General & Administrative Expenses	2.236	5.806	7.174	8.735	9.701
7	Sub-total	16.261	34.667	36.226	38.139	39.745
8	Operating Profit before Interest	3.239	8.233	10.574	12.561	14.855
9	Interest	2.058	4.860	4.117	3.374	2.631
10	Operating Profit after Interest	1.180	3.374	6.458	9.187	12.224
11	1. Add: Other Non-Operating Income
	Sub-total [Income]	0.000	0.000	0.000	0.000	0.000
	2. Deduct: Other Non-Operating Expenses
	Sub-total [Expenses]	0.000	0.000	0.000	0.000	0.000
	3. Amortization of preliminary expenses	0.250	0.250	0.250	0.250	0.250
	Total [Expenses]	0.250	0.250	0.250	0.250	0.250
	Net off Other Non-Operating Income/ Expenses [Net off]	0.000	0.000	0.000	0.000	0.000
12	Profit before Tax	0.930	3.124	6.208	8.937	11.974
13	Provision for Taxes	0.287	0.965	1.918	2.762	3.700
	Current	0.287	0.965	1.918	2.762	3.700
	Deferred	0.000	0.000	0.000	0.000	0.000
14	Net Profit [12-13]	0.643	2.158	4.290	6.175	8.274
15	Equity Dividend Paid	0.000	0.000	0.000	0.000	0.000
	Dividend Rate [%]	0.000	0.000	0.000	0.000	0.000
16	Retained Profit [14-15]	0.643	2.158	4.290	6.175	8.274
17	Retained Profit / Net Profit (%age)	100.00	100.00	100.00	100.00	100.00

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

ANALYSIS OF BALANCE SHEET

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20
		[PROJECTED]
	CURRENT LIABILITIES
1	Short term borrowings from Banks
	From Applicant Bank	0.000	0.000	0.000	0.000	0.000
	From Other Bank	0.000	0.000	0.000	0.000	0.000
	(Of which OCC discount)	0.000	0.000	0.000	0.000	0.000
	Sub Total (A)	0.000	0.000	0.000	0.000	0.000
2	Short term borrowings from others	0.000	0.000	0.000	0.000	0.000
3	Sundry Creditors [Trade]	0.993	2.210	2.427	2.663	2.862
4	Advance payments from customers/ deposits from dealers	0.000	0.000	0.000	0.000	0.000
5	Provision for Taxation	0.287	0.965	1.918	2.762	3.700
6	Dividend Payable	0.000	0.000	0.000	0.000	0.000
7	Other Statutory Liabilities [due within one year	0.000	0.000	0.000	0.000	0.000
8	Deposits/Instalments of term loan/ DPGs/ Debentures etc. (due within one year)	10.574	9.831	9.088	8.345	7.602
9	Other Current Liabilities	0.000	0.000	0.000	0.000	0.000
	Sub Total [B]	11.854	13.007	13.434	13.769	14.165
10	TOTAL CURRENT LIABILITIES	11.854	13.007	13.434	13.769	14.165
	TERM LIABILITIES
11	Debentures	0.000	0.000	0.000	0.000	0.000
12	Preference Shares	0.000	0.000	0.000	0.000	0.000
13	Term loans [Excluding Inst. Payable within 1 year]	29.426	24.455	19.483	14.512	9.540
14	Deferred Payment Credits	0.000	0.000	0.000	0.000	0.000
15	Long Term Advances [repayable after one year]	0.000	0.000	0.000	0.000	0.000
16	Other Term Liabilities:	0.000	0.000	0.000	0.000	0.000
17	TOTAL TERM LIABILITIES	29.426	24.455	19.483	14.512	9.540
18	TOTAL OUTSIDE LIABILITIES	41.280	37.461	32.917	28.281	23.705
	NET WORTH
19	Capital	15.000	15.000	15.000	15.000	15.000
20	General Reserve	0.000	0.000	0.000	0.000	0.000
21	Share Application Money	0.000	0.000	0.000	0.000	0.000
22	Other Reserves [Subsidy]	0.000	0.000	0.000	0.000	0.000
23	Surplus (+) or deficit (-) in Profit & Loss Account	0.643	2.801	7.091	13.266	21.540
a	Loans from Directors and Relatives	43.000	38.000	32.000	25.000	15.000
24	NETWORTH	58.643	55.801	54.091	53.266	51.540
25	TOTAL LIABILITIES	99.923	93.263	87.008	81.548	75.246
	CURRENT ASSETS
26	Cash & Bank balances	3.739	3.961	3.195	2.914	0.916
27	Investments [other than long term investments eg. Sinking fund etc.]
	- Govt. and other trustee securities	0.000	0.000	0.000	0.000	0.000
	- Fixed Deposits with banks	0.000	0.000	0.000	0.000	0.000
28	Receivables other than Deferred and Export [including bills purchased and discounted by banks]	3.600	4.500	5.500	6.000	6.500
	Export Receivables [including bills purchased and discounted by banks]	0.000	0.000	0.000	0.000	0.000
29	Installments of deferred receivables [due within 1 year]	0.000	0.000	0.000	0.000	0.000
30	Inventory
	(i) Raw materials [including stores and other items used in the process of manufacture]
	- Imported	0.000	0.000	0.000	0.000	0.000
	- Indigenous	0.000	0.000	0.000	0.000	0.000
	(ii) Stock-in-process	0.000	0.000	0.000	0.000	0.000
	(iii) Finished Goods	0.000	0.000	0.000	0.000	0.000
	(iv) Other consumable spares
	- Imported	0.000	0.000	0.000	0.000	0.000
	- Indigenous	0.000	0.000	0.000	0.000	0.000
	(v) Packing Material
	- Imported	0.000	0.000	0.000	0.000	0.000
	- Indigenous	0.000	0.000	0.000	0.000	0.000
31	Advance to suppliers of Raw materials & stores/spares	0.000	0.000	0.000	0.000	0.000
32	Advance payment of taxes	0.259	0.869	1.726	2.485	3.330
33	Other current assets
	- Excise Deposits	0.000	0.000	0.000	0.000	0.000
	- Int. receivable	0.000	0.000	0.000	0.000	0.000
	- Misc	4.487	4.487	4.487	4.487	4.487
34	TOTAL CURRENT ASSETS	12.085	13.816	14.908	15.886	15.233
	FIXED ASSETS
35	Gross Block	91.188	91.188	91.188	91.188	91.188
36	Depreciation to date	4.350	12.492	19.588	25.777	31.176
37	Net Block (35-36)	86.838	78.697	71.600	65.411	60.013
	OTHER NON-CURRENT ASSETS
38	Investments/book debts /advances deposits which are not current assets
	Investments in subsidiary companies	0.000	0.000	0.000	0.000	0.000
	Others	0.000	0.000	0.000	0.000	0.000
	Advance to suppliers of capital good/ spares and contractors for capital expenditure	0.000	0.000	0.000	0.000	0.000
	Deferred receivables [other than those maturing within one year]	0.000	0.000	0.000	0.000	0.000
	Others	0.000	0.000	0.000	0.000	0.000
39	Non-Consumable Stores/ Spares	0.000	0.000	0.000	0.000	0.000
40	Other non-current Assets	0.000	0.000	0.000	0.000	0.000
41	TOTAL OTHER NON-CURRENT ASSETS	0.000	0.000	0.000	0.000	0.000
42	Intangible assets	1.000	0.750	0.500	0.250	0.000
43	TOTAL ASSETS	99.923	93.263	87.008	81.547	75.246
44	Tangible Net worth [24-42]	57.643	55.051	53.591	53.016	51.540
45	Net Working Capital	0.231	0.809	1.474	2.117	1.068
46	Current Ratio	1.02	1.06	1.11	1.15	1.08
47	Total Outside Liabilities/ Tangible Networth	0.72	0.68	0.61	0.53	0.46
48	Total Term Liab./ Tangible Networth	0.51	0.44	0.36	0.27	0.19

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

FUNDS FLOW STATEMENT

(RS. IN MILLION)

PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20
	[PROJECTED]
SOURCES
Net Profit	0.643	2.158	4.290	6.175	8.274
Depreciation	4.350	8.141	7.097	6.189	5.399
Increase in Capital	0.000	0.000	0.000	0.000	0.000
Increased in Term Liabilities (including Public deposits)	9.426	0.000	0.000	0.000	0.000
Decrease in
[i] Fixed Assets	0.000	0.000	0.000	0.000	0.000
ii] Other non-current Assets	0.250	0.250	0.250	0.250	0.250
Others (Unsecured Loans)	15.314	(5.000)	(6.000)	(7.000)	(10.000)
TOTAL	29.983	5.550	5.636	5.614	3.923
USES
Net Loss	0.000	0.000	0.000	0.000	0.000
Decrease in Term Liabilities (including Public deposits)	0.000	4.971	4.971	4.971	4.971
Increase in
[i] Fixed Assets	35.238	0.000	0.000	0.000	0.000
ii] Other non-current Assets	0.000	0.000	0.000	0.000	0.000
Dividend	0.000	0.000	0.000	0.000	0.000
Others (Share Application)	0.000	0.000	0.000	0.000	0.000
Decrease in General Reserve [Net Deferred Tax]	0.000	0.000	0.000	0.000	0.000
TOTAL	35.238	4.971	4.971	4.971	4.971
Long Term Sources/ Deficit	(5.256)	0.578	0.665	0.643	(1.048)
Increase/ (Decrease) in Current Assets	6.598	1.731	1.092	0.978	(0.653)
Increase/ (Decrease) in Current Liabilities	11.854	1.153	0.427	0.336	0.395
Increase/ (Decrease) in Working Capital Gap	(5.256)	0.578	0.665	0.643	(1.048)
Net Surplus / Deficit	0.000	0.000	0.000	0.000	0.000
Increase/ (Decrease) in Bank Borrowings	0.000	0.000	0.000	0.000	0.000
Increase/ (Decrease) in Net Sales	19.500	23.400	3.900	3.900	3.900
* Break up of 4
Increase/ (Decrease) in Raw material	0.000	0.000	0.000	0.000	0.000
Increase/ (Decrease) in Stock in process	0.000	0.000	0.000	0.000	0.000
Increase/ (Decrease) in Finished Goods	0.000	0.000	0.000	0.000	0.000
Increase/ (Decrease) in Receivables
Domestic	3.600	0.900	1.000	0.500	0.500
Export	0.000	0.000	0.000	0.000	0.000
Increase/ (Decrease) in Consumables
Imported	0.000	0.000	0.000	0.000	0.000
Indigenous	0.000	0.000	0.000	0.000	0.000
Increase/ (Decrease) in Packing Material	0.000	0.000	0.000	0.000	0.000
Increase/ (Decrease) in Other Current Assets	2.998	0.831	0.092	0.478	(1.153)
Total	6.598	1.731	1.092	0.978	(0.653)

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

NETWORTH STATEMENT

MR. SAILESHKUMAR S. PATEL

(RS. IN MILLION)

BANK

Bank	Branch	S/B, C/D A/c. No.	Present Balance
State Bank of India	Patan, Ahmedabad, Gujarat, India	31203880143	0.032
	Patan, Ahmedabad, Gujarat, India	3830020601003034	0.031

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own / Joint name	Area	Free hold or Lease hold	Location/ address	Purchase Cost	Present Value	Whether encumbered (Give details)
Non Agri. Land
i. Commercial	--	--	--	--	--	--	--
ii. Residential	Own	251.21 Sq. yd.	--	2, Raj Laxmi Society, Patan, Ahmedabad, Gujarat, India	0.243	3.200	--
Flat / House	--	--	--	--	--	--	--
Agri. Land	--	--	--	--	--	--	--
Others	--	--	--	--	--	--	--

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC	855291256	28.10.2010	0.500	0.027	28.10.2014
849 [Branch Code]	855291259	28.10.2010	0.500	0.027	28.10.2014

CAPITAL INVESTED IN BUSINESS

Name of Firm/ Company	Amount in Million
Dhanlaxmi Tobacco	0.931
Shubhlaxmi Tobacco	0.410
Shubhlaxmi Steel and Strips Private Limited	1.157
Food Junction Restaurant	0.085
Total	2.583

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Nayanaben	Housewife	Spouse	35	Married	2, Kshyam Bunglows, Ambaji Road, Highway, Patan 384265, Ahmedabad, Gujarat, India
Zeel	Student	Daughter	10	Unmarried
Lisa	Student	Daughter	6	Unmarried

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

NETWORTH STATEMENT

MR. CHANDRAKANT MOHANLAL PATEL

(RS. IN MILLION)

BANK

Bank	Branch	S/B, C/D A/c. No.
The Thane Janata Sahakari Bank Limited	Airoli Branch, Mumbai, Maharashtra, India	--

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own / Joint name	Area	Free hold or Lease hold	Location/ address	Purchase Cost	Present Value	Whether encumbered (Give details)
Non Agri. Land
i. Commercial	--	--	--	--	--	--	--
ii. Residential
Flat / House	Own	58.77 Sq. Mt.	--	RH-6, New Vishal Comp. Society, Airoli, Navi Mumbai, Maharashtra, India	1.680	10.000	--
Agri. Land	--	--	--	--	--	--	--
Others	Own	6850 Sq. ft.	--	R-580, TTC Industrial Area, Rabale MIDC, Navi Mumbai, Maharashtra, India	--	--	--

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC - Patan	854930784	28.09.2009	1.000	0.083	28.09.2014 Rs. 0.497 Million

CAPITAL INVESTED IN BUSINESS

Name of Firm/ Company	Amount in Million
Pooja Engg. Co.	2.900
Total	2.900

LIABILITIES

AS BORROWER

Borrowed from	Purpose of Loan	Amount of Loan	Security	Repayment Terms	Outstanding Balance
Abhyudaya Cooperative Bank Limited	For Business	4.000	Against Residence	60 Months	3.400

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Jyotsana C. Patel	Housewife	Wife	47	Married	6, Vishal CHS, Sector 7, Airoli, Navi Mumbai, Maharashtra, India
Pooja C. Patel	Student	Daughter	21	Unmarried
Dhvanit C. Patel	Student	Son	17	Unmarried

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

NETWORTH STATEMENT

MR. NARENDRAKUMAR MOHANLAL PATEL

(RS. IN MILLION)

BANK

Bank	Branch	S/B, C/D A/c. No.
Patan Nagrik Sahakari Bank Limited	Market Yard Branch, Patan, Ahmedabad, Gujarat, India	Current – 97 Saving – 12344 Hy CC - 96

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own / Joint name	Area	Free hold or Lease hold	Location/ address	Purchase Cost	Present Value	Whether encumbered (Give details)
Non Agri. Land
i. Commercial	--	--	--	--	--	--	--
ii. Residential	--	--	--	--	--	--	--
Agri. Land	Joint	295 Sq. Mt.	--	Kapadvanj, Kheda, Gujarat, India	1.365	10.000	--
Agri. Land	Own	--	--	Kimbuva, Patan, Gujarat, India	--	7.500	--
Others	Own	82.5 Sq. Mt.	--	Patan, Gujarat, India	0.465	3.000	--

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC - Patan	854930784	28.09.2009	1.000	0.083	28.09.2014 Rs. 0.497 Million

CAPITAL INVESTED IN BUSINESS

Name of Firm/ Company	Amount in Million
Pooja Engg. Co.	2.900
Total	2.900

LIABILITIES

AS BORROWER

Borrowed from	Purpose of Loan	Amount of Loan	Security
Patan Nagrik Sahakari Bank Limited	CC for Working Capital	4.000	Stock and Debtor

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Patel Shilpa N.	Housewife	Spouse	42	Married	26, Ashish Society, Patan, Gujarat, India
Patel Krimal N.	Student	Son	20	Unmarried
Patel Kushal N.	Student	Son	16	Unmarried

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

NETWORTH STATEMENT

MR. PRADIP BECHARDAS PATEL

(RS. IN MILLION)

BANK

Bank	Branch	S/B, C/D A/c. No.
Kotak Mahindra Bank Limited	Bodakdev, Ahmedabad, Gujarat, India	08360120001553

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own / Joint name	Area	Free hold or Lease hold	Location/ address	Purchase Cost
Non Agri. Land
i. Commercial	Joint	759 Sq. ft.	--	210, Div Ave Modi, S.G. Highway, Ahmedabad, Gujarat, India	2.715
ii. Residential	--	--	--	--	--
Flat/ House	Own	120 Sq. yd.	--	H-3, Balaji Avenue, Vastrapur, Ahmedabad, Gujarat, India	0.315
Agri. Land	--	--	--	--	--
Others	Own	--	Freehold	9, Manorama Retreat Koba, Gandhinagar, Gujarat, India	1.910

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC	--	--	2.700	0.188	--

VEHICLES

Type of Vehicle	Registration No.	Model	Year to make	Cost at the time of Purchase	Present value
Renault Duster Car	--	Duster	2012	1.250	0.900

LIABILITIES

AS BORROWER

Borrowed from	Purpose of Loan	Amount of Loan	Security	Repayment Terms	Outstanding Balance
ICICI Bank Limited	Vehicle	0.950	Car	60 Months	0.582

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Chetna P. Patel	Housewife	Wife	43	Married	H-3, Balaji Avenue, Vastrapur, Ahmedabad, Gujarat, India
Manan P. Patel	Student	Son	20	Unmarried
Mihir P. Patel	Student	Son	18	Unmarried

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

PROJECT REPORT

BRIEF HISTORY

The Company is incorporated with the Authorised and Paid up Capital of Rs. 0.500 Million. However the same has been increased to Rs. 15.000 Million. The company has been incorporated to undertake the business activity of Job work of Slitting/ Cutting of HR/CR Sheets and its trading. The above said promoters have come together and have set up the Company for carrying out the above said business activity under the Trade Name of “SHUBHLAKSHMI SHEETS AND STRIPS PRIVATE LIMITED”.

One of the Promoter Umesh J. Patel has resigned from the director and Mr. Chandrakant M. Patel has been admitted as a director. Mr. Chandrakant Patel is actively engaged in the business as well as financial matter of the Company.

TECHNICAL ASPECTS

Scope of the project

The Company is basically a Service Unit. Raw material comes in the form for HR/CR coils from their proposed customer market, stockiest and are cut/ slitted as per their requirement and sent back to them or their customer.

The Company will be the first business unit to introduce the HR/CR Slitting of Sheets in Gujarat. Till date no Company in Gujarat is engaged or has undertaken this type of job work activities. This will prove beneficial to Steel as well as Auto Industry’s as they will be able to get their raw material from their nearby area as well as per their specified requirement. They will be able to manage the Just In-Time Approach too due to easily availability of their raw material.

The company will be receiving the major orders from the Steel Company’s like Tata Steel, Jindal Steel, Essar Steel, Uttam Galwa Steel and many more. The Company will be getting the orders even from Small Punching and Tube Mills around the Sanand Industrial Area. The steel Sheets are mainly used by the automotive industry for manufacturing the Cars and Two Wheelers. And as Sanand is an Auto HUB, the Company will be seeking continuous orders.

JOB WORK PROCESS

Ours is basically a Servicing Unit. Raw material come in the form of coils, it is loaded on the slitting line, if it has to be cut along the length and recoiled again in coil form and on cut to length line, the coil is cut length wise to a particular length and cut sheets are stacked on wooden pallets.

INDUSTRY OVERVIEW AND FUTURE OUTLOOK

The Company being the first one to Introduce HR/CR Slitting of Sheets in Gujarat it will able to grab the market with its unique nature of service. The suitable industry for slitting line machine is transformer, motor, electrical home appliances, automobile, building materials and packaging. Moreover as the Company has set up its business Unit in Sanand which is an Auto Hub of Gujarat, the Company will get the benefit of the same.

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

VALUATION REPORT

(GENERAL DETAILS)

Purpose for which valuation made

To ascertain present FMV Bank of India, Ahmedabad Branch

Fresh Valuation/ Revaluation

Fresh

Date on which valuation is made

12.10.2015

Name of the Owner

Lessor: Maharashtra Industrial Development Corporation

Lessee: Pooja Engineering Co.

It the property is under Joint Ownership/ Co Ownership Share of each such owner. Are the shares undivided?

Company ownership

Brief description of the property

Address of the Property:

Plot No. R-580, MIDC, Trans Thane Creek Industrial Area, Village Tetavli, Rabale, Navi Mumbai

They referred to the Xerox copy of the following documents:

Lease Deed dated 29.10.2001 executed between Maharashtra Industrial Development Corporation and Pooja Engineering Co.

Electricity bill dated 29.08.2015 in the name of Pooja Engineering Co.

Water bill dated 04.09.2015 in the name of Pooja Engineering Co

Copy of Approved Layout Plan dated 12.03.2001 in the name of Everfresh Foods approved by Deputy Engineer, Special Planning Authority, MIDC Div. No. II, Thane (West).

Their engineer visited the property on 09.10.2015 and taken few major photographs as available to them at the time of visit and for their perusal, verification and.

Brief Description:

The property under valuation is industrial land and building at Plot No. R-580, MIDC, Trans Thane Creek Industrial Area, Village Tetavli, Rabale, Navi Mumbai. Location is about 7-8 kms from Ghansali railway station. All industrial amenities available nearby and easy reach.

Structures are of one industrial shed, watchmen cabin, office block and pump room.

The industrial shed is single storied, steel structure, asbestos steel roofing with MS trusses – 16’ height of tie beam level and 25’ height of ridge level. One office block constructed inside the factory shed. Overall quality of construction is average and unit is fairly well maintained. The entire plot is bounded by brick masonry compound. Wall with one MS gate.

Amenities provided at the Unit:

Flooring are IPS, wiring are of Industrial. MS rolling shutters, etc.

The building bounded by:

East: Plot No.R-581

West: Plot No. R-579

South: Estate Road

North: Nalla

Landmark:

Near MIDC Rabale

Accommodation:

Plot No. R-580, MIDC, Trans Thane Creek Industrial Area, Village Tetavli, Rabale, Navi Mumbai is having 1 workshop shed, 1 office block, 1 cabin, 1 tool room, 1 security cabin with toilet block.

As per lease deed plot area is 600 Sq. Mt.

As per physical measurement and approved plan Total Built up area is 294.79 Sq. Mt. i.e 3173 Sq. ft. which are consider for valuation.

Location, Street, Ward No.

Plot No. R-580, MIDC, Trans Thane Creek Industrial Area, Village Tetavli, Rabale, Navi Mumbai

Survey/Plot No. of Land

Plot No. R-580

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

Industrial Area

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

Middle Class

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

All civic amenities are available nearby and easy reach.

Means and proximity to surface communication by the locality is served

Taxi, Bus, Auto, Private Vehicles

Furnish technical details of the building on a separate sheet.

As per Technical details

Is the property owner occupied, tenant or both

Presently occupied Mr. Yatin in the style of Yes Services.

If partly occupied, specify portion and extent of area under owner occupation

NA

Name and Registration No. of Co-op Housing Society

NA

Share Certificate No. and Face Value

NA

Whether approval of the building plan has been obtained from relevant authorities

Yes

Is there any access/ vacant land attracting provisions of land ceiling act

NA

Whether the site is approval lay out

NA

SALES AND MARKETING

Give instances of sales of immovable property in the locality on a separate sheet, indicating the name and address of the property, Regis no. sale price and area of land sold.

Sales instances are not readily available. As such, local estate agent, builders and other related agencies were contacted to ascertain fair market value.

Market rates adopted

Prevalent Market rate

Rs. 45000/- to Rs.50000/- per Sq. Mt. Plot

Rate adopted for valuation

Rs. 45000/- per Sq. Mt. – Plot

Factors considered for valuation

Location and locality, facilities and amenities, quality of construction, residual life of building, potential, supply of demand, local nearby enquiry, market feedback of investigation and current market scenario.

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

Enquired with local Architects and Real estate consultants about the current market rates in that area and on this basis, property is valued under “Land and Building Method”.

PRESENT FAIR MARKET VALUATION

PLOT

Plot area	600 Sq. Mt.
Rate adopted for valuation	Rs. 45000/- per Sq. Mt.
Value	Rs. 27.000 Million

FACTORY BUILDING

Total built up area	3173. Sq. ft.
Present Cost of Construction	Rs. 2000/- per Sq. ft.
Replacement Value	Rs. 6.346 Million
Less: Depreciation by S.L. method assuming total life of building is 50 years salvage @ 10% and 14 years age	Rs. 6.346 Million x 14/50 x 0.9 = Rs. 1.599 Million
Depreciation Value	Rs. 4.747 Million

LAND DEVELOPMENT [COMPOUND WALL, INTERNAL ROADS, M.S. GATE, TEMPORARY STRUCTURES, ETC.]

Plot area	600 Sq. Mt.
Lumpsum Value	Rs. 1.000 Million

Total Value of the Property

Rs. 27.000 Million + Rs. 4.747 Million + Rs. 1.000 Million Rs. 32.747 Million

Realizable Value

Rs. 29.472 Million

Distress Sale Value

Rs. 26.198 Million

Insurance Purpose

Rs. 5.000 Million

Government Value

As per stamp duty ready Reckoner the property lies in Village Talvali, Zone 16/223/1, Industrial Rs. 20000/- per Sq. Mt. for open land.

TECHNICAL DETAILS FOR THE PREMISES

No of floors and height of each floor

Single storied – Shed

Ceiling Height – 22’ approx.

Location and Plinth area

Plot area = 600 Sq. Mt.

Total Built up area = 294.79 Sq. Mt. i.e. 3173 Sq. ft.

Year of Construction

2001-2002 Age – 14 Years [approx.]

Estimated future life

36 Years [Subject to proper repair and maintenance of the building]

Type of Construction

MS structure and asbestos sheet roofing

Type of foundations

R.C.C. footing

Walls

· External walls

· Partitions

MS angles, columns

NA

Door and Windows (Floor-Wise)

MS rolling shutter

Flooring (Floor-wise)

IPS flooring

Finishing and Maintenance

Average

Roofing and Terracing

R.C.C. slab roof

Special Architectural or Decorative features.

Normal

Internal wiring – surface or conduit

Industrial wiring

Class of fittings superior/ ordinary/ poor

Ordinary

Sanitary installation

Provided

Class of fittings superior colored/ superior white/ ordinary

Ordinary

Compound Wall

Exist along the boundary of the building

No. of lifts and capacity

Not provided

Underground sump

Provided

Capacity

Sufficient as per requirement

Type of construction

RCC

Overhead tank

Where located

Located at the terrace

Capacity

Sufficient as per requirement

Type of construction

RCC

Pumps and their horse power

2 pumps provided

Roads and paving within the compound, approximate area and type of paving

Chequred tiles pavings

Sewage disposal – whether to public sewers. If septic tank provided, no. and capacity

As per local norms

Regards to Aesthetics and environment

Good

Safety considering fires, earthquakes and tides

Firefighting equipments provided

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INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

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

FIXED ASSETS:

· Land

· Shed Construction

· Plant and Machinery

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 records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] 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. 66.63
UK Pound	1	Rs. 100.65
Euro	1	Rs. 72.40

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	HNA
Report Prepared by :	BVA

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.