MIRA INFORM REPORT

 

 

Report No. :

306697

Report Date :

09.02.2015

 

IDENTIFICATION DETAILS

 

Name :

SHRADDHA PATHOLOGY LABORATORY

 

 

Registered Office :

G-12 A-14, Ground Floor, Shruhad Complex, Naroda Doctor House, Devi Multiplex Road, Naroda, Ahmedabad – 382330, Gujarat

 

 

Country :

India

 

 

Date of Incorporation :

01.01.2015

 

 

Capital Investment :

Not Divulged

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

They do Blood Tests, Urine Tests and Tissue Biopsies.

 

 

No. of Employees :

Not Divulged

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

-

NB

                                       New Business

-

 

Status :

New Concern

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new partnership concern incorporated during 01/01/2015 and establishing itself gradually.

 

Mr. (Dr.) Anand Arvindbhai Kansagara (Partner) has provided us with all information. Further, he also claimed that the subject has not yet started its business activity.

 

Payment terms are reported to be unknown.

 

The concern can be considered for business dealings on a safe and secured trade terms and conditions.

 

NOTES:

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

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mr. (Dr.) Anand Arvindbhai Kansagara

Designation :

Partner

Contact No.:

91-9825227439/ 9427440159

Date :

{type report date here)

 

 

LOCATIONS

 

Registered Office :

G-12 A-14, Ground Floor, Shruhad Complex, Naroda Doctor House, Devi Multiplex Road, Naroda, Ahmedabad – 382330, Gujarat, India

Tel. No.:

91-79-22841055

Mobile No.:

91-9825227439/ 9427440159 (Mr. (Dr.)  Anand Arvindbhai Kansagara)

91-9898071260 (Mr. (Dr.)  Hiren Jagdishbhai Shah)

91-9726646476 (Mr. (Dr.) Anand Arvindbhai Kansagara)

Fax No.:

Not Available

E-Mail :

spl.naroda@gmail.com

drhiren77@rediffmail.com

anand_kanasagara1987@yahoo.com

drdushyant75@rediffmail.com

Area :

900 Sq. Ft.

Location :

Owned

 

 

PARTNERS

 

Name :

Mr. (Dr.) Hiren Jagdishbhai Shah

Designation :

Partner

Address :

8, Kesar Residency, Near Pruthvi Hotel, LCT Corner, Maninagar, Ahmedabad – 380008, Gujarat, India

Date of Birth/Age :

17.07.1977

Qualification :

M.B., M.D. (Pathology)

Experience :

15 Years

PAN No.:

ASYPS7589J

 

 

Name :

Mr. (Dr.) Dushyant Gunvantbhai Patel

Designation :

Partner

Address :

5, Vakilwadi, Opposite L.G. Hospital, Mani Nagar, Ahmedabad – 380008, Gujarat, India

Date of Birth/Age :

10.04.1975

Qualification :

M.B.B.S.  D.C.P. (Pathology)

Experience :

15 Years

PAN No.:

AEEPP5269E

 

 

Name :

Mr. (Dr.) Anand Arvindbhai Kansagara

Designation :

Partner

Address :

204, Solitaire Heights, Behind Rameshwar School, Near Kunj Mall, Nikol-Naroda Road, Nikol, Ahmedabad - 382350, Gujarat, India

Date of Birth/Age :

06.11.1987

Qualification :

M.B., M.D. (Pathology)

Experience :

3 ½ Years

PAN No.:

CPRPK3921G

 

 

BUSINESS DETAILS

 

Line of Business :

They do Blood Tests, Urine Tests and Tissue Biopsies.

 

 

Products/ Services :

·         Blood Tests

Urine Tests

Tissue Biopsies

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

--

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

Customers :

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

PARTNERS BANKER REPORT

 

Bank Name:

Axis Bank Limited

Branch:

Naroda, Gujarat, India

Name of the Person (with Designation):

Yogesh Vulund (Ops. Head)

Contact Number:

91-9825227439/ 9427440159

Name of Account Holder:

Mr. (Dr.) Anand Arvindbhai Kansagara

Account Number:

252010100112796

Account Since (Date/ Year of A/c Opening):

20.03.2009

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

NA

Account Operation:

Self

Remarks:

--

 

 

Bank Name:

Bank of Baroda

Branch:

Bhairavnath Road, Ahmedabad, Gujarat, India

Name of the Person (with Designation):

Vani Satish B.

Contact Number:

91-79-25430794

Name of Account Holder:

Mr. (Dr.) Hiren Jagdishbhai Shah

 

Account Number:

252010100112796

Account Since (Date/ Year of A/c Opening):

20.03.2009

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

NA

Account Operation:

Either or Survivor

Remarks:

--

 

 

Bank Name:

Dena Bnak

Branch:

Maninagar (West), Ahmedabad, Gujarat, India

Name of the Person (with Designation):

Stuti Baxi (Accountant)

Contact Number:

91-79-25462740

Name of Account Holder:

Mr. (Dr.) Dushyant Gunvantbhai Patel

Account Number:

006810008852

Account Since (Date/ Year of A/c Opening):

7th Years (18.12.2007)

Average Balance Maintained (Optional):

Rs. 0.100 Million

Credit Facilities Enjoyed (CC/OD/Term Loan):

Nil

Account Operation:

Self

Remarks:

--

 

Auditors :

Not Divulged

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Sister Concerns:

--

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

--

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

NEW CONCERN

 

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

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last three years

No

12]

Profitability for last three years

No

13]

Reasons for variation <> 20%

-----

14]

Estimation for coming financial year

No

15]

Capital in the business

No

16]

Details of sister concerns

No

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

20]

Export / Import details (if applicable)

No

21]

Market information

-----

22]

Litigations that the firm / promoter involved in

-----

23]

Banking Details

No

24]

Banking facility details

No

25]

Conduct of the banking account

-----

26]

Buyer visit details

-----

27]

Financials, if provided

No

28]

Incorporation details, if applicable

No

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

No

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

Yes

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

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

 

MR. (DR.) HIREN JAGDISHBHAI SHAH

 

COMPUTATION OF TOTAL INCOME

 

(RS. IN MILLIONS)

 

PARTICULARS

 

31.03.2014

 

 

 

 

INCOME FROM SALARY

 

 

 

 

 

 

 

1. Swapn Healthcare Hospitals Private Limited

 

 

 

Saradrar Complex, Isanpur, Ahmedabad – 380050, Gujarat, India

 

 

 

PAN: AAHCS8378K

 

 

 

 

 

 

 

Basic Salary

0.425

---------

 

 

 

 

0.425

0.425

SALARY

 

 

0.425

 

 

 

 

INCOME FROM HOUSE PROPERTY

 

 

 

 

 

 

 

Status: Self-Occupied

 

 

 

Bungalow No. 90/1, Silver Alaknanda , Opposite Pleasure Club Manipur Guma, Ahmedabad – 380051, Gujarat, India

 

 

 

 

 

 

 

Net Annual Value

 

Nil

 

Less: Interest on Borrowed Capital

 

0.150

 

Paid During Previous Year

0.150

 

(0.150)

HOUSE PROPERTY

 

 

(0.150)

 

 

 

 

INCOME FROM BUSINESS OR PROFESSIONS

 

 

 

 

 

 

 

1. Profit/ Gain from Business u/s 44AD:

 

 

 

 

 

 

 

Gross Receipts during the year

0.240

 

 

A. Deemed profit @ 8% of Gross Receipt

0.019

 

 

B. Actual Profit @ 8% of Gross Receipt

0.019

 

 

Maximum of A and B

 

0.019

 

 

 

 

 

2. INCOME RECEIVED FROM PARTNERSHIP FIRMS

 

 

 

1. SHRADDHA PATHOLOGY LABORATORY

 

 

 

Share income (50% Shares)                                       0.225

 

 

 

Add: Interest received from firm                                   0.148

 

 

 

Add: Remuneration received from firm                          0.451

---------

 

 

Net Income

0.824

 

 

 

 

 

 

Total Income Received from Partnership Firms

 

0.824

 

Less: Exempted Share Income

 

(0.225)

 

Total

 

0.599

---------

 

Total Business Income

 

0.618

 

BUSINESS OR PROFESSION

 

 

0.618

 

 

 

 

 

 

 

 

INCOME FROM OTHER SOURCES

 

 

 

 

 

 

 

INTEREST INCOME

 

 

 

Other Interest Received:

 

 

 

1. FDR Interest                                                          0.013

 

 

 

2. Recurring FD Interest                                             0.028

---------

0.041

 

 

 

 

 

 

Interest from Bank Saving A/c:

 

 

 

1. Savings Bank INT                                                   0.003

---------

 

 

 

 

0.003

---------

 

 

TOTAL INTEREST INCOME

 

0.044

 

OTHER SOURCE

 

 

0.044

GROSS TOTAL INCOME

 

 

0.937

 

 

 

 

 

DEDUCTION (CHAPTER-VI A) U/S 80

 

 

 

 

 

 

 

Under Section

Gross Amt.

Qual. Amount

Deduction

 

 

 

 

80C: Investment in LIP, PF, PPF, etc.

0.178

0.178

0.100

 

 

 

 

List of Investment:

 

 

 

Life Insurance Policy

 

0.078

 

Re-Payment of Housing Loan

 

0.100

 

Total

 

0.178

 

 

 

 

 

80TTA: Interest on Saving Account

0.003

0.003

0.003

80D: Medical Insurance Premium

0.020

0.020

0.015

80EE: Interest on Loan taken for Residential HP

0.033

0.033

0.033

DEDUCTION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.151

 

 

 

 

NET INCOME AFTER DEDUCTION

 

 

0.786

 

 

 

 

 

COMPUTATION OF TAX LIABILITY

 

 

 

 

 

Tax on taxable Income (785510) at normal rate

 

0.087

 

Add: Education Cess @ 2%

 

0.001

 

Add: SHE Cess @1%

 

0.001

--------

 

Tax Liability

 

0.089

 

 

 

 

 

Add: Interest u/s 234 C

0.002

 

 

On 24700 shortfall of 1st Inst.                                       0.001

 

 

 

On 19500 shortfall of 2nd Inst.                                      0.001

 

 

 

On 52500 shortfall of 3rd Inst.                                      0.000

--------

0.002

 

 

 

 

 

Tax with Interest

 

0.091

 

 

 

 

 

Less: Tax Deducted at Source

 

 

 

Corporation Bank

0.000

 

 

Corporation Bank

0.001

 

 

Corporation Bank

0.000

 

 

Shraddha Pathology Laboratory

0.002

--------

 

 

 

 

0.003

--------

 

Tax Payable

 

0.088

 

Less: Advance Tax Paid

 

 

 

2nd Instalment by 15th December

0.030

 

 

1) On 12/12 AT State Bank of India, Maninagar, Ahmedabad

BSR: 0001038 Challan Sr.: 00025                               0.030

 

 

 

 

 

 

 

Paid up by 31st March

0.055

 

 

1) On 19/03 at State Bank of India, Maninagar, Ahmedabad

BSR: 0001038 Challan Sr.: 00111                               0.055

 

 

 

 

 

0.085

---------

 

Balance Tax

 

0.003

 

Self-Assessment Tax Paid on date 21/07/2014:

 

0.003

 

At STATE BANK OF INDIA

BSR code: 0001038 Challan Sr.: 00024

 

 

 

 

 

 

 

TAX TO PAY/ REFUND                                      PAYABLE

 

 

Nil

 

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

 

MR. (DR.) DUSHYANT GUNVANTBHAI PATEL

 

COMPUTATION OF TOTAL INCOME

 

(RS. IN MILLIONS)

 

PARTICULARS

 

31.03.2014

 

 

 

 

INCOME FROM SALARY

 

 

 

 

 

 

 

1. SNEH CLINIC

 

 

 

301, Nakshatra Complex, Above HDFC Bank, Maninagar, Ahmedabad – 380008, Gujarat, India 

 

 

 

PAN: ABKPV6645H

 

 

 

 

 

 

 

Basic Salary

0.430

--------

 

 

 

 

0.430

0.430

SALARY

 

 

0.430

 

 

 

 

INCOME FROM BUSINESS OR PROFESSIONS

 

 

 

 

 

 

 

1. Profit/ Gain from Business u/s 44AD:

 

 

 

 

 

 

 

Gross Receipts during the year

0.240

 

 

A. Deemed profit @ 8% of Gross Receipt

0.019

 

 

B. Actual Profit @ 8% of Gross Receipt

0.019

 

 

Maximum of A and B

 

0.019

 

 

 

 

 

2. INCOME RECEIVED FROM PARTNERSHIP FIRMS

 

 

 

1. SHRADDHA PATHOLOGY LABORATORY

 

 

 

Share income (50% Shares)                                        0.225

 

 

 

Add: Interest received from firm                                   0.148                                                                                     

 

 

 

Add: Remuneration received from firm                          0.451

 

 

 

Net Income

---------

0.824

 

 

 

 

 

 

Total Income Received from Partnership Firms

 

0.824

 

Less: Exempted Share Income

 

(0.225)

----------

 

Total

 

0.599

 

Total Business Income

 

0.618

 

BUSINESS OR PROFESSION

 

 

0.618

 

 

 

 

 

 

 

 

INCOME FROM OTHER SOURCES

 

 

 

 

 

 

 

INTEREST INCOME

 

 

 

 

 

 

 

Interest from Bank Saving A/c:

 

 

 

1. Bank Interest Income                                               0.010

 

 

 

 

 

0.100

 

 

TOTAL INTEREST INCOME

 

0.100

 

OTHER SOURCE

 

 

0.100

GROSS TOTAL INCOME

 

 

1.058

 

 

 

 

 

DEDUCTION (CHAPTER-VI A) U/S 80

 

 

 

 

 

 

 

Under Section

Gross Amt.

Qual. Amount

Deduction

 

 

 

 

80C: Investment in LIP, PF, PPF, etc.

0.151

0.151

0.100

 

 

 

 

List of Investment:

 

 

 

Life Insurance Policy

 

0.051

 

Re-Payment of Housing Loan

 

0.100

 

Total

 

0.151

 

 

 

 

 

80TTA: Interest on Saving Account

0.010

0.010

0.010

80D: Medical Insurance Premium

0.015

0.015

0.015

80EE: Interest on Loan taken for Residential HP

 

 

 

DEDUCTION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.125

 

 

 

 

NET INCOME AFTER DEDUCTION

 

 

0.933

 

 

 

 

 

COMPUTATION OF TAX LIABILITY

 

 

 

 

 

Tax on taxable Income (785510) at normal rate

 

0.117

 

Add: Education Cess @ 2%

 

0.002

 

Add: SHE Cess @1%

 

0.001

---------

 

Tax Liability

 

0.120

 

 

 

 

 

Add: Interest u/s 234 C

0.002

 

 

On 24700 shortfall of 1st Inst.                                       0.001

 

 

 

On 19500 shortfall of 2nd Inst.                                      0.001

 

 

 

On 52500 shortfall of 3rd Inst.                                      0.000

-----------

0.002

 

 

 

 

 

Tax with Interest

 

0.122

 

 

 

 

 

Less: Tax Deducted at Source

 

 

 

Shraddha Pathology Laboratory

0.002

 

 

Vaishal Nareshchandra Vora

0.020

-----------

 

 

 

 

0.022

--------

 

Tax Payable

 

0.100

 

Less: Advance Tax Paid

 

 

 

2nd Instalment by 15th December

 

 

 

1) On 12/12 AT State Bank of India, Maninagar, Ahmedabad

BSR: 0001038 Challan Sr.: 00027                               0.030

0.030

 

 

 

 

 

 

Paid up by 31st March

 

 

 

1) On 19/03 at State Bank of India, Maninagar, Ahmedabad

BSR: 0001038 Challan Sr.: 00112                               0.065                                                                                       

0.065

0.095

-----------

 

 

 

 

 

Balance Tax

 

0.005

 

Self-Assessment Tax Paid on date 21/07/2014:

 

0.005

 

At STATE BANK OF INDIA

BSR code: 0001038 Challan Sr.: 00026

 

 

 

 

 

 

 

TAX TO PAY/ REFUND                                      PAYABLE

 

 

Nil

 

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

 

NETWORTH STATEMENT

 

MR. (DR.) HIREN JAGDISHBHAI SHAH

 

(RS. IN MILLIONS)

 

BANK A/C

 

BANK

BRANCH

S/B/ C/D A/C NO.

PRESENT BALANCE

LAST 6 MONTH AVG. BAL.

 

 

 

 

 

Bank of Baroda

Bhairavnath

18260100005667

0.643

0.750

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

ASSETS

OWN/ JOINT NAME

AREA

FREE OR LEASEHOLD

LOCATION /ADDRESS

PURCHASE COST

PRESENT VALUE

WHETHER ENCUMBERED

 

 

 

 

 

 

 

 

Residential

Wife

240 Sq. Yards

Freehold

8, Kesar Residency, Near Pruthvi Hotel, LCT Corner, Maninagar, Ahmedabad – 380008, Gujarat, India

1.800

15.000

--

 

 

MOVABLE PROPERTY

 

VEHILCES

 

TYPE OF VEHICLE

REGISTRATION NO.

MODEL

YEAR OF MAKE

COST AT TIME OF PURCHASE

RC BOOK DETAILS

PRESENT VALUE

 

 

 

 

 

 

 

Car

GJ27C4566

Honda JAZZ

2012

0.685

--

--

 

 

JEWELRY

 

PARTICULARS

QUANTITY

VALUATION (APPROX.)

 

 

 

 

Gold

500 Gms

1.350

 

 

LEGAL HEIRS DETAILS

 

SR. NO.

NAME OF LEGAL HEIRS

OCCUPATION

RELATION

AGE

MARTIAL STATUS

ADDRESS

 

 

 

 

 

 

 

1

Dr. Urvi Shah

Doctor

Wife

36 ½

Married

8, Kesar Residency, Near Pruthvi Hotel, LCT Corner, Maninagar, Ahmedabad – 380008, Gujarat, India

 

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

 

NETWORTH STATEMENT

 

MR. (DR.) ANAND ARVINDBHAI KANSAGARA

 

(RS. IN MILLIONS)

 

BANK A/C

 

BANK

BRANCH

S/B/ C/D A/C NO.

PRESENT BALANCE

LAST 6 MONTH AVG. BAL.

 

 

 

 

 

Axis Bank Limited

Junagadh

252010100112796

0.080

0.100

 

 

DETAILS OF ASSETS

 

MOVABLE PROPERTY

 

VEHILCES

 

TYPE OF VEHICLE

REGISTRATION NO.

MODEL

YEAR OF MAKE

COST AT TIME OF PURCHASE

RC BOOK DETAILS

PRESENT VALUE

 

 

 

 

 

 

 

Moped

GJ2757585

Activa

2013

0.051

--

--

 

 

LEGAL HEIRS DETAILS

 

SR. NO.

NAME OF LEGAL HEIRS

OCCUPATION

RELATION

AGE

MARTIAL STATUS

ADDRESS

 

 

 

 

 

 

 

1

Dr. Dhara A. Kansagara

Doctor

Wife

24 Years

Married

204, Solitaire Heights, Behind Rameshwar School, Near Kunj Mall, Nikol-Naroda Road, Nikol, Ahmedabad - 382350, Gujarat, India

 

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

 

NETWORTH STATEMENT

 

MR. (DR.) DUSHYANT GUNVANTBHAI PATEL

 

 

(RS. IN MILLIONS)

 

BANK A/C

 

BANK

BRANCH

S/B/ C/D A/C NO.

PRESENT BALANCE

LAST 6 MONTH AVG. BAL.

 

 

 

 

 

Dena Bank

Maninagar

006810008352

1.471

0.750

 

 

 

 

 

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

ASSETS

OWN/ JOINT NAME

AREA

FREE OR LEASEHOLD

LOCATION /ADDRESS

PURCHASE COST

PRESENT VALUE

WHETHER ENCUMBERED

 

 

 

 

 

 

 

 

Residential

own

300 Sq. Yards

Freehold

5, Vakilwadi, Opposite L.G. Hospital, Mani Nagar, Ahmedabad – 380008, Gujarat, India

6.000

20.000

--

 

 

MOVABLE PROPERTY

 

VEHILCES

 

TYPE OF VEHICLE

REGISTRATION NO.

MODEL

YEAR OF MAKE

COST AT TIME OF PURCHASE

RC BOOK DETAILS

PRESENT VALUE

 

 

 

 

 

 

 

Car

GJ1KD6635

I-10

2011

0.550

--

--

 

 

LEGAL HEIRS DETAILS

 

SR. NO.

NAME OF LEGAL HEIRS

OCCUPATION

RELATION

AGE

MARTIAL STATUS

ADDRESS

 

 

 

 

 

 

 

1.

Pinki D. Patel

House Wife

Wife

36 Years

Married

5, Vakilwadi, Opposite L.G. Hospital, Mani Nagar, Ahmedabad – 380008, Gujarat, India

 

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VALUATION REPORT

 

 

GENERAL DETAILS

 

Purpose of Valuation 

To Ascertain Present Market Value of freehold interest in commercial office

 

 

Date of Visit

20.01.2015

 

 

Persons accompanying/ Available at the site at the time of visit/ valuation

Mr. (Dr.) Anand Arvindbhai Kansagara

 

 

Complete address of the property (Door No./ Street/ Cross Road/ Survey No., etc.)

TPS No:1, F P No: 164, Office No. G/12/A & G/14, Ground Floor, “Shruhad Complex” Shraddha Pathology Laboratory, Devi Malty Pulse Road, Near Narayan Bus Stand, At: Naroda, Ahmedabad

 

 

Boundaries

As per Site

East     : Passage and Road

West    : Shop

North    : Shop

South   : Lift and Stair

 

As per Document

F P No.: 168

6.00 Mtr Road

24.00 Mtr wide Road

F P No.: 161 and 165

 

 

Title of the Property

 

 

 

Name of the Owner

Mr. Shambhubhai Bababhai Patel

Mrs. Pragnaben Shambhubhai Patel

 

 

Since how long owing the property

In Year 2007 through Deed of Conveyance

 

 

Whether joint/ co-ownership/ other

Joint Ownership

 

 

In case of joint ownership, please furnish the shares of each owner and whether the share are undivided

NA

 

 

Whether assessed to wealth tax, if so wealth tax paid

NA

 

 

Corporation tax paid

Amount

Year of Assessment

Date of Payment

Receipt is not on Record

 

 

Agreements of easements if any and if so attach copies

NA

 

 

Restrictive clauses as to uses, if any (Whether building use certificate from corporation has been obtained, etc.)

Yes, construction permission is obtained from Ahmedabad Municipal Corporation vide permission No: BLNTI/NZ/200405/P/A94/R1/M1, Dated: 04/09/2006, & Revised Permission No.: 4017/200405/A94/R1/M1, & BU/NZ/160507/0159, Dated: 06/05/2007

 

 

Location Advantages/ Disadvantages

The market, school, colleges, Railway Station is at walkable Distance

 

 

Classification of Locality: Higher Class/ Middle Class/ Poor Class

Middle Class Commercial Area

 

 

Civic Amenities

All located within 1 to 2 km

 

 

Proximity to surface communication

The property is situated on Internal Road

 

 

Distance from city/ municipal limits If the property is not within the city/ town municipal limits then state the distance of the property from the Municipal office

Within Ahmedabad Municipal Corporation Limits

 

Within city limits

 

 

Municipal limits

Within Ahmedabad Municipal Corporation limits

 

 

Disadvantages if any to be specified

Nil

 

 

Title to the property

 

 

 

Whether freehold

Yes, freehold

 

 

If not freehold, what is unexpired period of lease 

NA

 

 

If leasehold, name of the lessor/ lessee nature of lease, date of commencement and forms of renewal of lease

NA

 

 

Rent per annum

NA

 

 

Unearned increases payable to the lessor in the event of safe or transfer

NA

 

 

Type of Property – whether

 

 

 

Agriculture

NA

 

 

Industrial

NA

 

 

Residential (flat apartment) (any restrictive clauses for sale, etc. to be furnished) renewal of lease

NA

 

 

Commercial

Yes, Commercial Office

 

 

Institutional

NA

 

 

Others (Specify)

NA

 

 

What is the

 

 

 

Year of acquisition purchase of land

In year 2007 through Deed of Conveyance

 

 

Value/ Purchase price paid

As per Deed of Conveyance No: 6397, Dated: 02/11/2007, for Rs. 0.348 Million for Office No: G/12/A

 

As per Deed of Conveyance No: 6396, Dated: 02/11/2007, for Rs. 0.377 Million for Office No: G/14

 

 

Year of construction of super structure/ purchase of building

In Year 2007

 

 

Numbers of floors/ storeys

Ground Floor and Upper 3 storeys but subject property on Ground Floor

 

 

Yea of Completion

In Year - 2007

 

 

Cost of Construction. Purchase Price

As per Construction Agreement

 

 

Additions/ Improvement carried out if any state briefly nature of additional cost there of

As per Valuation report

 

 

Present written down value

As per Valuation report

 

 

Estimate future life

App. 60 Years

 

 

Area of land to be supported by a map showing shape, dimensions, physical features

18.99 Sq. Mtr Undivided share of Land for Office No. G/12/A

20.57 Sq. Mtr. Undivided share of Land for Office No. G/14

 

 

Has the whole or part of the land been notified for acquisition by Govt. or statutory body? If so give details

NA

 

 

Area of Building/ Constructed Portion (State separately for factory, Admn. Building, Staff Quarters, etc.)

Super Built up Area

Office No: G/12/A  434.60 Sq. Feet

Office No: G/14 470.75 Sq. Feet

 

 

Type/ Class of Construction

RCC Frame Structure

 

 

Service items available (list of all the items to be provided such as bore-well sump embedded. Motors, BMC Water Supply, Sanitary Disposal Systems, Canteen Stores, etc.)

Water connection is provided by Apartment Bore Well and Drainage is connected to public sewer

 

 

If the property is industrial

 

 

 

State for what type of activity/ industry the premise is well suited 

NA

 

 

Sanctioned / Connected power load

NA

 

 

Type of activity presently going on at the premises

NA

 

 

Whether the property is residential flat apartment if so, than state

NA

 

 

When the building was constructed

NA

 

 

Whether full consideration has been paid and proper title documents obtained and produced for verification

NA

 

 

In which floor/ storey, flat is located

NA

 

 

If the property is of a commercial type state

Yes

 

 

For what purpose the same is well suited (Office Purpose)

Any type of retail business purpose

 

 

The present activity/ business being

--

 

 

If the property is agriculture state

NA

 

 

Whether dry or wet lands

NA

 

 

Migration facility available

NA

 

 

Type of crops grown and annual yield income in the previous year

NA

 

 

Whether building/ property is constructed strictly according to the sactioned plan details of variation, noticed if any and effect of the same on the valuation to be dealt with specifically

Yes, construction permission is obtained from Ahmedabad Municipal Corporation vide permission No. BLNTI/NZ/200405/P/A94/R1/M1, Dated: 04/09/2006, and Revised permission No.: 4017/200405/A94/R1/M1 & BU/NZ/160507/0159, Dated: 06/05/2007

 

 

Whether the property is self-occupied or tenanted/ let out, if tenanted/ let out

Vacant at time of Valuation

 

 

Since how long

--

 

 

To how many tenants

--

 

 

What is the total monthly income

--

 

 

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

Vacant

 

 

Whether the said property was valued earlier? If so,

NA

 

 

Date of Valuation

--

 

 

Name and Address of Valuer

--

 

 

Whether in the approved panel of bank

--

 

 

Purpose of earlier valuation

--

 

 

Basis of valuation

--

 

 

Also, submit/ enclose a copy of the earlier valuation report

--

 

 

Basis of Present Valuation

 

 

 

Market Value

Rate Adopted

Rs. 7000.00 per Sq. Feet for Land and Building

 

 

Basis for adopted rates

By inquiry in surrounding

 

 

Whether the adopted rates are commensurate with the rates adopted by the registrar’s office? In case of wide variation, please

Yes, wide variation is observed because rates fixed by registrar’s office are not based on scientific studies and same cannot be applicable for ascertaining present market value

 

 

Whether the adopted rates have any relationship with those adopted by I.T. Dept.

They have adopted rates as per open market in area

 

 

Whether the rates are baased on prevalent rates in the area if so, the basis for accepting the same

Yes, by inquiry

 

 

Incase of increase in present valuation over the previous valuation, then furnish the specific reasons, basis for the increase in value and the details of variation

NA

 

 

Whether the building is insured – if so

 

 

 

For what value

Owner has to Furnished Detail

 

 

Against what risks

Owner has to Furnished Detail

 

 

Date  of expiry of the insurance

Owner has to Furnished Detail

 

 

In case the bank were to sell the property what would be approximate realizable value

85 to 90% as per valuation

 

 

Sources of information for arriving at the realizable value

By inquiry

 

 

 

VALUATION

 

Valuation statement of the market value of commercial shop situated at: TPS No: 1, F P No: 164, Office No. G/12/A and G/14, Ground Floor, “Shruhad Complex” Shraddha Pathology Laboratory, Devi Malty Pulse Road, Nr: Narayan Bus Stand, At: Naroda, Ahmedabad.

 

The methodology adopted is market approach method in which due weight ages have been given to factors kike

 

Present market trend for transaction of such property is of composite rate on built up area of such unit, which includes value of appurtenant land and its development, infrastructure development etc.

 

Sale instance for composite rate are not available, making verbal inquiries in the surrounding areas and taking into consideration its present condition, situation, locality, quality and nature of construction, amenities and facilities provide, etc. its depreciated replacement composite rate inclusive of appurtenant land area is considered as below.

 

 

Following factors are considering for valuation of building

 

The methodology adopted is market approach method in which due weight ages have veen give to fators like

 

·         Size and Locality, tenure of the building, user.

 

Utility and design of building structures

 

Actual physical condition, state of repairs and maintenance

 

Type of construction general and special specifications

 

Age, remaining useful economic life of the structure

 

Demand for such structures

 

Limited marketability of such structure

 

·         Cost of building materials and related construction supplier in the surrounding area

 

 

BRIEF DESCRIPTION OF THE PROPERTY 

 

The subject property is a commercial shop situated at: TPS No: 1, F P No: 164, Office No. G/12/A & G/14, Ground Floor, “Shruhad Complex” Shraddha Pathology Laboratory, Devi Malty Pulse Road, Nr: Narayan Bus Stand, At: Naroda, Ahmedabad.

 

The situation of the property is well suited for any type of retail business purpose. Market approach of valuation is adopted for the valuation of commercial Office.

 

The building is frame structure type construction. The gaps between the columns are filled up with brick masonry wall in cement mortar with smooth plaster inside and plastered outside. The roof is constructed of 4” thick RC slab. The flooring is done with Vitrified tiles. The electrification is of concealed type. Water supply is provided by apartment bore well and Drainage is connected to public sewer. M S Rolling Shutters are available. The construction of the building is safe, sound and as per Indian standard.

 

In order to estimate the prevailing market value in the vicinity of the said property market enquiry was conducted amongst :

 

·         Property Brokers

Real Estate Agents and

Occupants of the other existing property holders

 

It reveals that the commercial properties are available in nearby area in range of Rs. 5000.00 to Rs. 10000.00 Per Sq. Feet depending upon its size, shape, location, access from main road, frontage etc.

 

Considering above and keeping in view location, size, frontage, Distance from the main road, demand and supply in the said area, they have adopted the market rate for property at Rs. 7000.00 per Sq. Mt. which is quite fair and justified.

 

Land Value: Flat Rate Considered

 

Office No: G/12/A

434.60 Sq. Feet 

@ Rs. 7000.00 Per Sq. Feet

 3.042

 

 

 

 

Office No: G/14

470.75 Sq. Feet

@ Rs. 7000.00 Per Sq. Feet

3.295

 

 

 

 

 

 

Total Rs.

6.337 Millions

 

 

Different Value of the Property

 

Present Market Value

Rs. 6.337 Millions

 

 

Realizable Value

Rs. 5.862 Millions

 

 

Distress Sale Value

Rs. 5.386 Millions

 

The Value of Land and Building as per Stamp duty Department (Exclusively meant for stamp duty Purpose) Basis of Valuation as per Mumbai Stamp Duty Act 1958 Section 32/C, (Does not represent the market value)

 

Jantri Value

84.10 Sq. Mt.

@ Rs. 29500.00 per sq. mt.

Rs. 2.481 Millions

 

 

Total Jantri/ Registration Value

Rs. 2.481 Millions

 

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CMT REPORT (Corruption, Money Laundering & Terrorism]

 

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

 

1]         INFORMATION ON DESIGNATED PARTY

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

 

2]         Court Declaration :

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

 

3]         Asset Declaration :

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

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                              None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                          None

 

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

            Charges or investigation registered against subject:                                                          None

 

7]         Criminal Records

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

 

8]         Affiliation with Government :

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

 

9]         Compensation Package :

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

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

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

 

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

 

 

CONTRAVENTION

 

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

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.74

UK Pound

1

Rs.94.65

Euro

1

Rs.70.79

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

MRI

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

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NB

                                       New Business

 

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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.