MIRA INFORM REPORT
|
Report No. : |
307768 |
|
Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUMANGAL INDUSTRIES |
|
|
|
|
Registered
Office : |
206, Rainbow Chambers, Rainbow Chambers, S.V. Road, Kandivli (West),
Mumbai – 400067, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of
Establishment : |
2006 |
|
|
|
|
Capital
Investment : |
Rs. 13.241 Millions |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAYFS3526K |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer of Pilfer Proof Caps. |
|
|
|
|
No. of Employees
: |
7 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having satisfactory
track record. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of experienced promoters, the concern can be considered for business
dealings at usual 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. Pradip |
|
Designation : |
Accountant |
|
Contact No.: |
91-9324699456 |
|
Date : |
12.02.2015 |
LOCATIONS
|
Registered Office : |
206, Rainbow Chambers, Rainbow Chambers, S.V. Road, Kandivli (West),
Mumbai – 400067, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9820071969 (Mrs. Prachi Mohnish Karnik) 91-9324699456 (Mr. Pradip) |
|
Fax No.: |
Not Available |
|
|
|
|
Head Office : |
Gala No. 2, Survey No. 80/4, Dayat Falia Road, Village Amli, Silvassa
- 396230, UT of Dadra and Nagar Haveli, India |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mrs. Prachi Mohnish Karnik |
|
Designation : |
Partner |
|
Address : |
B-102, Rajashree Society, Dewoolwadi Tarun Bharat Sahar Road, Andheri (East),
Mumbai – 400099, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1973 |
|
Qualification : |
B.Com. |
|
Experience : |
20 Years |
|
PAN No.: |
AMBPK5071G |
|
|
|
|
Name : |
Mr. Jitendra Dwarkadas Parekh |
|
Designation : |
Partner |
|
Address : |
C/711, Veena Sitar CHS Limited, Mahavir Nagar, Dahanukar Wadi, Kandivali, Mumbai – 400067, Maharashtra,
India |
|
Date of Birth/Age : |
15.12.1948 |
|
Qualification : |
B.Com. |
|
Experience : |
20 Years |
|
PAN No.: |
AADPP5022C |
|
Passport No.: |
H9256297 |
KEY EXECUTIVES
|
Name : |
Mr. Pradip |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pilfer Proof Caps. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 Days) |
|
|
|
|
Purchasing : |
Credit (90 Days) |
GENERAL INFORMATION
|
Suppliers : |
· Nipra Industries Private Limited · Ghiya Extrustions Private Limited · Origami Printing and Packaging · D. P. Enterprises |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
· Orbit Packaging Private Limited · Vora Enterprises · Unique Metal Corporation |
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
No. of Employees : |
7 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Auditors : |
Not Divulged |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concerns: |
Siddhi Enterprises Line of Business: Manufacturer of Plifer Caps. |
CAPITAL STRUCTURE
As on 31.03.2014
|
Capital Investment : |
|
|
Owned : |
Rs. 13.241 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 13.241
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
13.241 |
11.804 |
10.916 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Profit and Loss Account |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.241 |
11.804 |
10.916 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
16.034 |
14.134 |
12.100 |
|
|
TOTAL BORROWING |
16.034 |
14.134 |
12.100 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
29.275 |
25.938 |
23.016 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.778 |
6.383 |
7.057 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
15.511
|
14.389 |
10.780 |
|
|
Sundry Debtors |
12.089
|
9.132 |
8.264 |
|
|
Cash & Bank Balances |
0.389
|
0.197 |
0.395 |
|
|
Other Current Assets |
0.190
|
0.140 |
0.085 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
28.179
|
23.858 |
19.524 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.219
|
3.669 |
3.275 |
|
|
Other Current Liabilities |
0.263
|
0.483 |
0.177 |
|
|
Provisions |
0.200
|
0.151 |
0.113 |
|
Total
Current Liabilities |
4.682
|
4.303 |
3.565 |
|
|
Net Current Assets |
23.497
|
19.555 |
15.959 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
29.275 |
25.938 |
23.016 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
64.785 |
53.596 |
43.680 |
|
|
|
Other Income |
0.702 |
0.513 |
0.466 |
|
|
|
TOTAL |
65.487 |
54.109 |
44.146 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
57.263 |
47.491 |
38.823 |
|
|
|
Audit Fees |
0.038 |
0.036 |
0.026 |
|
|
|
Bank Charges |
0.001 |
0.005 |
0.004 |
|
|
|
Conveyance |
0.185 |
0.271 |
0.105 |
|
|
|
Electricity Expenses |
0.438 |
0.472 |
0.270 |
|
|
|
Freight Charges |
1.046 |
0.823 |
0.620 |
|
|
|
Insurance |
0.071 |
0.072 |
0.038 |
|
|
|
Interest on Capital |
0.702 |
0.649 |
0.609 |
|
|
|
Interest on Loan |
0.813 |
0.716 |
0.622 |
|
|
|
Professional Fees |
0.113 |
0.046 |
0.066 |
|
|
|
Repair and Maintenance |
0.090 |
0.189 |
0.157 |
|
|
|
Remuneration |
1.195 |
0.958 |
0.773 |
|
|
|
Salary to Staff |
0.927 |
0.524 |
0.441 |
|
|
|
Sundry Expenses |
0.375 |
0.215 |
0.032 |
|
|
|
Duties and Taxes |
0.320 |
0.191 |
0.078 |
|
|
|
Printing and Stationery |
0.160 |
0.024 |
0.026 |
|
|
|
Staff Welfare Expenses |
0.032 |
0.022 |
0.036 |
|
|
|
Telephone Expenses |
0.095 |
0.049 |
0.049 |
|
|
|
Motor Car Expenses |
0.102 |
0.102 |
0.065 |
|
|
|
Rent |
0.270 |
0.000 |
0.000 |
|
|
|
TOTAL |
64.236 |
52.855 |
42.840 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION |
1.251 |
1.254 |
1.306 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.604 |
0.763 |
0.940 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
0.647 |
0.491 |
0.366 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.00 |
0.92 |
0.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.91
|
1.62 |
1.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.02 |
1.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.21
|
1.20 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.02
|
5.54 |
5.48 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Partners Capital |
10.916 |
11.804 |
13.241 |
|
Profit and Loss Account |
0.000 |
0.000 |
0.000 |
|
Net
worth |
10.916 |
11.804 |
13.241 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
12.100 |
14.134 |
16.034 |
|
Total
borrowings |
12.100 |
14.134 |
16.034 |
|
Debt/Equity
ratio |
1.108 |
1.197 |
1.211 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
43.680 |
53.596 |
64.785 |
|
|
|
22.701 |
20.877 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
43.680 |
53.596 |
64.785 |
|
Profit |
0.366 |
0.491 |
0.647 |
|
|
0.84% |
0.92% |
1.00% |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
CREDIT FACILITIES
(PROPOSED)
(RS. IN MILLIONS)
|
TYPE OF
FACILITIES |
AMOUNTS |
PURPOSE FOR
WHICH REQUIRED |
|
|
|
|
|
Cash Credit |
Rs. 10.000 Millions |
For Working Capital Requirement |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
SUMANGAL INDUSTRIES
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
|
|
|
|
|
|
Profit and Gains from Business and Profession |
|
|
|
|
|
|
|
SUMANGAL INDUSTRIES |
|
|
|
|
|
|
|
Net Profit from P/L A/c |
0.647 |
|
|
|
|
|
|
Add: |
|
|
|
|
|
|
|
Depreciation Disallowed |
0.604 |
|
|
|
|
|
|
Disallowed Partners Remuneration |
1.195 |
|
|
|
|
|
|
Disallowed Partners Interest |
0.702 |
|
|
|
--------- |
|
|
|
3.148 |
|
|
|
|
|
|
Less: Allowed Depreciation |
0.604 --------- |
|
|
|
2.544 |
|
|
|
|
|
|
Less: |
|
|
|
Allowed Interest |
0.702 |
|
|
|
|
|
|
Allowed Remuneration u/s 40B |
1.195 --------- |
|
|
|
1.897 |
0.647 |
|
Gross Total Income |
|
|
|
|
|
|
|
Total Income |
|
0.647 |
|
|
|
|
|
Total Income Rounded off u/s 288A |
|
0.647 |
|
|
|
|
|
COMPUTATION OF TAX ON TOTAL INCOME |
||
|
|
|
|
|
Tax on Rs. 646780 @ 30% |
|
0.194 |
|
|
|
|
|
Add: Education Cess @ 2% |
|
0.004 |
|
|
|
|
|
Add: Secondary and Higher Education Cess @ 1% |
|
0.002 --------- |
|
|
|
0.200 |
|
|
|
|
|
Less: Advance Tax |
|
0.190 --------- |
|
|
|
0.010 |
|
|
|
|
|
Less: Self-Assessment tax Paid |
|
0.010 ---------- |
|
|
|
|
|
Balance Tax Payable |
|
Nil |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
SR.NO. |
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2016 (Projected) |
31.03.2017 (Projected) |
|
|
|
|
|
|
|
1. |
Gross Sales |
|
|
|
|
|
|
|
|
|
|
(i) |
Domestic |
81.830 |
102.286 |
127.853 |
|
|
|
|
|
|
|
(ii) |
Exports |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total (a+b) |
81.830 |
102.286 |
127.853 |
|
|
|
|
|
|
|
2. |
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
3. |
Net Sales (1-2) |
81.830 |
102.286 |
127.853 |
|
|
|
|
|
|
|
4. |
% age rise (+) or fall (-) in net sales as compared to previous year |
25.00% |
25.00% |
25.00% |
|
|
|
|
|
|
|
5. |
COST OF SALES |
|
|
|
|
|
|
|
|
|
|
i) |
Raw Materials (Including Stores and Other Items used in the process of manufacture) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(a)Imported |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(b)Indigenous |
72.441 |
88.303 |
113.003 |
|
|
|
|
|
|
|
ii) |
Labour/ Wages Charges |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Custom Duty |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Packing Material Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
iii) |
Freight and Insurance |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
iv) |
Transport Charges |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
v) |
Other Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
vi) |
Depreciation |
0.467 |
0.416 |
0.352 |
|
|
|
|
|
|
|
vii) |
Sub-Total (i to vi) |
72.908 |
88.719 |
113.355 |
|
|
|
|
|
|
|
viii) |
Add: Opening Stock in Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub-Total |
72.908 |
88.719 |
113.355 |
|
|
|
|
|
|
|
ix) |
Deduct: Closing Stock in Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
X) |
COST OF PRODUCTION |
|
|
|
|
|
|
|
|
|
|
xi) |
Add: Opening Stock of Finished Goods |
15.511 |
17.663 |
18.556 |
|
|
|
|
|
|
|
|
Sub-Total |
88.419 |
106.382 |
131.911 |
|
|
|
|
|
|
|
xii) |
Deduct: Closing Stock of Finished Goods |
17.663 |
18.556 |
19.960 |
|
|
|
|
|
|
|
xiii) |
Total Cost of Sales |
70.756 |
87.826 |
111.951 |
|
|
|
|
|
|
|
6. |
Selling, General and Administrative Expenses |
9.830 |
11.550 |
12.750 |
|
|
|
|
|
|
|
7. |
Sub-Total (5+6) |
80.586 |
99.376 |
124.701 |
|
|
|
|
|
|
|
8. |
Operating Profit Before Interest (3-7) |
1.244 |
2.910 |
3.152 |
|
|
|
|
|
|
|
9. |
Interest |
0.233 |
1.400 |
1.400 |
|
|
|
|
|
|
|
10. |
Operating Profit after Interest (8-9) |
1.011 |
1.510 |
1.752 |
|
|
|
|
|
|
|
11.i) |
Add: Other Non-operating Income |
|
|
|
|
|
(a) Duty Draw Back |
0.000 |
0.000 |
0.000 |
|
|
(b) Rent and Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub-Total (Income) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
ii) |
Deduct Other Non-operating Expenses |
|
|
|
|
|
(a) P & P Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub-Total (Expenses) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
iii) |
Net of Other Non-Operating Income/ Expenses Net of 11(i) & 11(ii) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
12. |
Profit before tax/ Loss [10+11(iii)] |
1.011 |
1.510 |
1.752 |
|
|
|
|
|
|
|
13. |
Provision for Taxes |
0.303 |
0.453 |
0.526 |
|
|
|
|
|
|
|
14. |
Net Profit/ Loss (12-13) |
0.708 |
1.057 |
1.226 |
|
|
|
|
|
|
|
15. |
(a) Equity Dividend Paid |
0.000 |
0.000 |
0.000 |
|
|
(b) Dividend Rate |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
16. |
Retained Profit (14-15) |
0.708 |
1.057 |
1.226 |
|
|
|
|
|
|
|
17. |
Retained Profit/ Net Profit (% age) |
1.00 |
1.00 |
1.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2016 (Projected) |
31.03.2017 (Projected) |
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
1 |
Short
term borrowings from bank (Incl. Bills Purchased, Discounted and Excess
Borrowings placed on Repayment Basis) |
|
|
|
|
|
(i)
From Applicant Bank |
10.000 |
10.000 |
10.000 |
|
|
(ii)
From Other Banks |
0.000 |
0.000 |
0.000 |
|
|
(iii)
of which BP & BD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (A) |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
2 |
Short
Term Borrowings from Others |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
3 |
Sundry
Creditors |
5.130 |
5.860 |
6.330 |
|
|
|
|
|
|
|
4 |
Advance
Payments from customers/deposits from dealers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
5 |
Provision
for Taxation [Net of Advance Tax] |
0.303 |
0.453 |
0.526 |
|
|
|
|
|
|
|
6 |
Bank
Overdraft |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
7 |
Other
Statutory Liabilities (Due within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
8 |
Deposits/
Instalments of Term Loan/ DPG/ Debentures etc. (Due within One Year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
9 |
Other
current liabilities and Provisions (Due within One Year) |
0.430 |
0.512 |
0.632 |
|
|
|
|
|
|
|
|
Sub Total (B) |
15.863 |
16.825 |
22.488 |
|
|
|
|
|
|
|
10 |
TOTAL CURRENT LIABILITIES [Total of 1 to 9] |
25.863 |
26.825 |
32.488 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
11 |
Debentures
(Not Maturing within One Year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
12 |
Preference
Shares (Redeemable after One Year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
13 |
Term
loans (Excluding Instalments Payable within One Year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
14 |
Deferred
Payment Credits (Excluding Instalments due within One Year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
15 |
Term
deposits (Repayable after One Year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
16 |
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
17 |
Total Term Liabilities (Total of 11 to 16) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
18 |
Total Outside Liabilities [10+17] |
25.863 |
26.825 |
32.488 |
|
|
|
|
|
|
|
|
NETWORTH |
|
|
|
|
19 |
Ordinary Share Capital |
15.060 |
17.560 |
18.230 |
|
|
|
|
|
|
|
20 |
General Reserves |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
21 |
Revolution Reserves |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
22 |
Other Reserves |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
23 |
Surplus
(+) or Deficit (-) in Profit & Loss Account |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
24 |
NETWORTH |
15.060 |
17.560 |
18.230 |
|
|
|
|
|
|
|
25 |
TOTAL
LIABILITIES |
40.923 |
44.385 |
50.718 |
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
26 |
Cash
& Bank Balances |
0.400 |
0.500 |
0.684 |
|
|
|
|
|
|
|
27 |
Investments [Other than Long Term
Investments] |
|
|
|
|
|
i) Government and Other Trustee Securities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
ii) Fixed Deposits with Banks |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
28 |
i) Receivables other than Deferred and
Exports [including Bills Purchased and Discounted Banks] |
17.248 |
20.033 |
25.030 |
|
|
|
|
|
|
|
|
ii) Export Receivable [including Bills
Purchased and Discounted Banks] |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
29 |
Installments of Deferred Receivable [Due
within one year] |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
30 |
Inventories |
|
|
|
|
|
(i)
Raw materials (including Stores and Other items used in Process of Manufacture) |
|
|
|
|
|
(a)
Imported |
0.000 |
0.000 |
0.000 |
|
|
(b)
Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(ii)
Stock-in-Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(iii)
Finished Goods |
17.663 |
18.556 |
19.960 |
|
|
|
|
|
|
|
|
(iv)
Other Consumable Spares |
|
|
|
|
|
(a)
Imported |
0.000 |
0.000 |
0.000 |
|
|
(b)
Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
31 |
Advances
to suppliers Raw materials and Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
32 |
Advance
Payment of Taxes |
0.300 |
0.400 |
0.500 |
|
|
|
|
|
|
|
33 |
Other
Current Assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
34 |
TOTAL CURRENT ASSET [Total 26 to 33] |
35.611 |
39.489 |
46.174 |
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
35 |
Gross
Block (Land and Building Machinery Vehicles Work-in-Progress) |
5.779 |
5.312 |
4.896 |
|
|
|
|
|
|
|
36 |
Depreciation
to date |
0.467 |
0.416 |
0.352 |
|
|
|
|
|
|
|
37 |
NET BLOCK (35-36) |
5.312 |
4.896 |
4.544 |
|
|
|
|
|
|
|
|
OTHER NON-CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
38 |
Investments/
Book-Debts/ Advances/ Deposits which are not Current Assets |
|
|
|
|
|
|
|
|
|
|
|
i.(a)
Investments in Subsidiary Companies/ Affiliates |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(b)
Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
ii.
Advances to suppliers of Capital Goods and Contractors |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
iii.
Deferred Receivables (maturity exceeding One Year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
iv.
Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
39 |
Non-Consumables
Stores and Spare |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
40 |
Other
Non-Current Assets (Inc. Dues from Directors) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
41 |
Total Other Non-Current Assets (Total of 38
to 40) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
42 |
Intangible
Assets (Patents, Goodwill, Prelim. Expenses, bad/ Doubtful Debts not Provided
for) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
43 |
TOTAL
ASSETS (Total of 34+37+41+42) |
40.923 |
44.385 |
50.718 |
|
44 |
Tangible Net Worth (24-42) |
15.060 |
17.560 |
18.230 |
|
|
|
|
|
|
|
45 |
Net Working Capital [(17+24) - (37+41+42)]
To tally with (34-10) |
9.748 |
12.664 |
13.686 |
|
|
|
|
|
|
|
46 |
Current
Ratio [34/10] |
1.38 |
1.47 |
1.42 |
|
|
|
|
|
|
|
47 |
Total Outside Liab. / Tangible Networth (18/44) |
1.72 |
1.53 |
1.78 |
|
|
|
|
|
|
|
|
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 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
C. TOTAL PURCHASE |
72.441 |
88.303 |
113.003 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS AND
CURRENT LIABILITIES
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2016 (Projected) |
31.03.2017 (Projected) |
|
|
|
|
|
|
|
|
A. CURRENT ASSETS |
|
|
|
|
1 |
Raw
Materials [Including stores and other items used in the process of
manufacture] |
|
|
|
|
|
-
Imported |
-- |
-- |
-- |
|
|
Month’s
Consumption |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
-
Indigenous |
-- |
-- |
-- |
|
|
Month’s
Consumption |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
2 |
Other
Consumable Spares – excluding those included in above |
|
|
|
|
|
-
Imported |
-- |
-- |
-- |
|
|
Month’s
Consumption |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
-
Indigenous |
-- |
-- |
-- |
|
|
Month’s
Consumption |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
3 |
Stock in Process |
-- |
-- |
-- |
|
|
Months
Cost of Production |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
4 |
Finished
Goods |
17.248 |
20.033 |
25.030 |
|
|
Months
Cost of Sales |
-3.00 |
-2.54 |
-2.14 |
|
|
|
|
|
|
|
5 |
Receivables
other than Export and Deferred Receivables [Including Bills Purchased and
discounted by Bankers] |
17.248 |
20.033 |
25.030 |
|
|
Months
domestic sales excluding deferred payment sales |
-2.53 |
-2.53 |
-2.53 |
|
|
|
|
|
|
|
6 |
Export
Receivables [Including Bills Purchased and Discounted by Banks] |
0.000 |
0.000 |
0.000 |
|
|
Months Export Sales |
-- |
-- |
-- |
|
|
|
|
|
|
|
7 |
Advance
to Suppliers of Raw Materials/ Spares/ Stores/ Consumables |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
8 |
Other
Current Assets |
0.700 |
0.900 |
1.184 |
|
|
|
|
|
|
|
9 |
TOTAL CURRENT ASSETS |
35.611 |
39.489 |
46.174 |
|
|
|
|
|
|
|
|
B. CURRENT LAIBILITES (Other than bank borrowings for working
capital) |
|
|
|
|
10 |
Creditors
for purchase of Raw-materials, Stores, Consumables and Spares |
5.130 |
5.860 |
6.330 |
|
|
Month’s Purchase |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
11 |
Advances
from Customers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
12 |
Statutory
Liabilities |
0.303 |
0.453 |
0.526 |
|
|
|
|
|
|
|
13 |
Other
Current Liabilities Short
Term Borrowings, Unsecured Loans, Dividends Payable Instalments of TL, DPG,
Public Deposits, Debentures etc. |
10.430 |
10.512 |
15.632 |
|
|
|
|
|
|
|
14 |
TOTAL |
15.863 |
16.825 |
22.488 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2016 (Projected) |
31.03.2017 (Projected) |
|
|
|
|
|
|
|
1 |
Total Current Assets |
35.611 |
39.489 |
46.174 |
|
|
|
|
|
|
|
2 |
Other
Current Liabilities (Other than Bank Borrowings) |
15.863 |
16.825 |
22.488 |
|
|
|
|
|
|
|
3 |
Working Capital Gap (WCG) (1-2) |
19.748 |
22.664 |
23.686 |
|
|
|
|
|
|
|
4. |
Minimum
Stipulated Net Working Capital i.e., 25% of WCG/ 25% of total current assets as
the case may be depending upon the method of lending being applied. (Export
Receivables to be excluded under both methods) |
4.937 8.903 |
5.666 9.872 |
5.922 11.544 |
|
|
|
|
|
|
|
5 |
Actual/ Projected Net Working Capital |
9.748 |
12.664 |
13.686 |
|
|
|
|
|
|
|
6 |
Item
3 minus Item 4 |
10.845 |
12.792 |
12.143 |
|
|
|
|
|
|
|
7 |
Item 3 minus Item 5 |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
8 |
Maximum
Permissible Bank Finance (Item 6 or 7 whichever is lower) |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
9 |
Excess Borrowings representing shortfall in
NWC (4-5) |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
RATIOS
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2016 (Projected) |
31.03.2017 (Projected) |
|
|
|
|
|
|
TOL/ TNW |
1.38 |
1.47 |
1.34 |
|
|
|
|
|
|
PBDIT/ Interest |
1.72 |
1.53 |
1.61 |
|
|
|
|
|
|
PAT/ Net Sales % |
0.86 |
1.03 |
0.73 |
|
|
|
|
|
|
ROCE % |
4.18 |
7.49 |
4.00 |
|
|
|
|
|
|
Inv. + Receivables / Sales |
165.75 |
146.57 |
165.60 |
|
|
|
|
|
|
PBDIT |
17.11 |
33.26 |
14.04 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. PRACHI MOHNISH
KARNIK
(RS. IN MILLIONS)
BANK A/C
|
BANK |
BRANCH |
S/B/ C/D A/C NO. |
PRESENT BALANCE |
LAST 6 MONTH AVG. BAL. |
|
|
|
|
|
|
|
Cosmos Bank |
Vile Parle |
0170501038854 |
0.052 |
-- |
DETAILS
OF ASSETS
IMMOVABLE
PROPERTY
|
ASSETS |
OWN/ JOINT NAME |
AREA |
FREE HOLD OR LEASEHOLD |
LOCATION/ ADDRESS |
Purchase Cost |
PRESENT VALUE |
WHETHER ENCUMBERED |
|
|
|
|
|
|
|
|
|
|
Residential |
Joint |
-- |
Freehold |
A-102, Rajashree Co-operative Housing Society, Dewoolwadi Tarun Bharat
Sahar Road, Andheri (East), Mumbai – 400099, Maharashtra, India |
-- |
10.000 |
0.000 |
MOVABLE
PROPERTY
INSURANCE POLICIES
|
NAME OF COMPANY AND BRANCH |
POLICY NO. |
DATE OF ISSUE |
SUM ASSURED |
SURRENDER VALUE |
ANNUAL PREMIUM |
PREMIUM PAID WHAT PERIOD |
|
|
|
|
|
|
|
|
|
LIC |
-- |
-- |
-- |
0.100 |
0.000 |
0.000 |
DEPOSITS
|
TERM DEPOSIT |
BANK/ BRANCH NAME |
TYPE |
AMOUNT AND DATE OF RECEIPT |
MATURITY DATE |
MATURITY AMOUNT |
|
|
|
|
|
|
|
|
Saving A/c with Cosmos Bank |
-- |
-- |
-- |
-- |
0.050 |
VEHILCE
|
TYPE OF VEHICLE |
REGISTRATION NO. |
MODEL |
YEAR OF MAKE |
COST AT TIME OF PURCHASE |
RC BOOK DETAILS |
PRESENT VALUE |
|
|
|
|
|
|
|
|
|
Car Swift |
-- |
-- |
-- |
-- |
-- |
0.500 |
JEWELRY
|
PARTICULARS |
QUANTITY |
VALUATION (APPROX.) |
|
|
|
|
|
Gold |
125 Gms |
Rs. 0.375 Million |
CAPITAL INVESTED IN BUSINESS
|
NAME OF FIRM/ COMPANY |
SUMANGAL INDUSTRIES |
|
|
|
|
AMOUNT IN MILLIONS |
7.680 |
LEGAL HEIRS DETAILS
|
SR. NO. |
NAME OF LEGAL HEIRS |
OCCUPATION |
RELATION |
AGE |
MARTIAL STATUS |
ADDRESS |
|
|
|
|
|
|
|
|
|
1. |
Mohnish Karnik |
Business |
Husband |
46 |
-- |
B-102, Rajashree Co-operative Housing Society, Dewoolwadi Tarun Bharat
Sahar Road, Andheri (East), Mumbai – 400099, Maharashtra, India |
|
|
|
|
|
|
|
|
|
2. |
Prachi Mohnish Karnik |
Business |
Wife |
41 |
-- |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. JITENDRA DWARKADAS PAREKH
(RS. IN MILLIONS)
BANK A/C
|
BANK |
BRANCH |
S/B/ C/D A/C NO. |
PRESENT BALANCE |
LAST 6 MONTH AVG. BAL. |
|
|
|
|
|
|
|
Saraswat Bank |
-- |
146200100001953 |
-- |
-- |
DETAILS
OF ASSETS
IMMOVABLE
PROPERTY
|
ASSETS |
OWN/ JOINT NAME |
AREA |
FREE HOLD OR LEASEHOLD |
LOCATION/ ADDRESS |
PURCHASE COST |
PRESENT VALUE |
WHETHER ENCUMBERED |
|
|
|
|
|
|
|
|
|
|
Flat/ House |
Joint |
-- |
Freehold |
C/711, Veena Sitar CHS Limited, Mahavir Nagar, Dahanukar Wadi, Kandivali, Mumbai – 400067, Maharashtra,
India |
-- |
20.000 |
-- |
VEHILCE
|
TYPE OF VEHICLE |
REGISTRATION NO. |
MODEL |
YEAR OF MAKE |
COST AT TIME OF PURCHASE |
RC BOOK DETAILS |
PRESENT VALUE |
|
|
|
|
|
|
|
|
|
Car |
-- |
-- |
-- |
-- |
-- |
0.300 |
JEWELRY
|
PARTICULARS |
QUANTITY |
VALUATION (APPROX.) |
|
|
|
|
|
Gold |
100 Gms. |
0.300 |
CAPITAL INVESTED IN BUSINESS
|
NAME OF FIRM/ COMPANY |
SUMANGAL INDUSTRIES |
|
|
|
|
AMOUNT IN MILLIONS |
5.462 |
LEGAL HEIRS DETAILS
|
SR. NO. |
NAME OF LEGAL HEIRS |
OCCUPATION |
RELATION |
AGE |
MARTIAL STATUS |
ADDRESS |
|
|
|
|
|
|
|
|
|
1. |
Mr. Jitendra Dwarkadas Parekh |
Business |
Self |
68 Years |
Married |
C/711, Veena Sitar CHS Limited, Mahavir Nagar, Dahanukar Wadi, Kandivali, Mumbai – 400067, Maharashtra,
India |
|
|
|
|
|
|
|
|
|
2. |
Jyoti J. Parekh |
Housewife |
Wife |
65 Years |
Married |
|
|
|
|
|
|
|
|
|
|
3. |
Rajesh J. Parekh |
Business |
Son |
40 Years |
Married |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. ANIL KAMALAKAR KARNIK (GUARANTOR)
(RS. IN MILLIONS)
DETAILS
OF ASSETS
IMMOVABLE
PROPERTY
|
ASSETS |
OWN/ JOINT NAME |
AREA |
FREE HOLD OR LEASEHOLD |
LOCATION/ ADDRESS |
PURCHASE COST |
PRESENT VALUE |
WHETHER ENCUMBERED |
|
|
|
|
|
|
|
|
|
|
Residential |
Own |
-- |
-- |
A-102, Rajashree Co-operative Housing Society Limited, Bharat Sahar Road,
Chakan, Andheri (East), Mumbai, Maharashtra, India |
-- |
12.000 |
-- |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
GENERAL DETAILS |
|
|
|
|
|
Regarding |
Valuation of a Residential Flat |
|
|
|
|
Name of the Applicant’s |
Mr. Anil Kamalakar Karnik |
|
|
|
|
Name of the Sellers |
Rajit Development Corporation |
|
|
|
|
Phone No. of Applicant |
91-9324699456 |
|
|
|
|
Address of the Applicants |
Same as Property Address |
|
|
|
|
Address of the property |
Flat No. 102, 1st Floor, ‘A’ Wing, Rajshree CHS Limited, Bharat Sahar Road, Chakala, Andheri (East), Mumbai – 400099 |
|
|
|
|
CTS. Nos. |
185, 184, 178 |
|
|
|
|
Current Possession with |
Owner |
|
|
|
|
Latitude and Longitude |
Latitude – 19o 12’ N Longitude – 72o 85’ E |
|
|
|
|
Type of the Property |
Residential Flat |
|
|
|
|
Request by |
1. Manager – Bank of India (Mumbai Central Branch) 2. Mr. Anil Kamalakar Karnik |
|
|
|
|
Date of Inspection |
24/01/2015 |
|
|
|
|
Survey in presence of |
Mr. Anil Kamalakar Karnik |
|
|
|
|
Purpose of Valuation |
To Ascertain fair market value of the property |
|
|
|
|
Location |
Bharat Sahar Road, Chakala, Andheri (East) |
|
|
|
|
Type of Locality |
Residential |
|
|
|
|
Class |
Middle Class |
|
|
|
|
Nearest Station |
Andheri (East) |
|
|
|
|
Distance from Station |
About 3.5 Kms |
|
|
|
|
Civic Amenities |
Available Nearby |
|
|
|
|
Landmark |
Near Bombay Cambridge School |
|
|
|
|
Building Details |
|
|
|
|
|
Type of Land |
Non-Agricultural |
|
|
|
|
Plot Boundaries |
East – ‘B’ Wing West – Dewoolwadi Road North – Prathmesh Building South – Bombay Cambridge School |
|
|
|
|
Type of Occupation – Ownership – Tenanted |
Ownership |
|
|
|
|
Type of Structure |
RCC Frame + Brickwall partitions |
|
|
|
|
No. of Floors in Building |
G + 4 Upper Floors |
|
|
|
|
No. of Lifts |
Nil |
|
|
|
|
Flat Details |
Bedrooms – 2 Hall – 1 Kitchen – 1 Combined Toilets and Baths – 2 |
|
|
|
|
Floor (This Property) |
1st Floor |
|
|
|
|
Type of Flat |
2 BHK |
|
|
|
|
Saleable Area |
795 Sq. Ft. (Super Built-up area as per agreement) |
|
|
|
|
Built up Area |
794 Sq. Ft. |
|
|
|
|
Carpet Area |
662 Sq. Ft. (Physical Measurements taken by them) |
|
|
|
|
Completeness of Project |
Complete |
|
|
|
|
Exterior |
Distemper Paint |
|
|
|
|
Interior |
Flooring : Vitrified Flooring in all rooms Kitchen: Granite platform with full wall tiles Windows: Powder coated aluminium sliding windows Doors: Plywood flush doors W.C.: Attached Bath, European type W.C. with full wall tiles. Bath: Spartex flooring with full wall tiles Paint: Acrylic Paint |
|
|
|
|
Quality of Construction |
Good |
|
|
|
|
Under Construction |
No |
|
|
|
|
Complete |
Yes |
|
|
|
|
Age of the Property |
About 30 Years |
|
|
|
|
Estimated Residual/ Future/ Balance Life |
About 30 Years with proper and Preventive Maintenance |
|
|
|
|
Ind. Bldg./ Complex of |
Complex |
|
|
|
|
Separate Compound Wall |
Yes |
|
|
|
|
Garden |
No |
|
|
|
|
Paving around the Building |
Chequered Tiles |
|
|
|
|
Car Parking |
Open space for car parking |
|
|
|
|
Maintenance / First Impression |
Good |
|
|
|
|
Plans Approved by |
MCGB |
|
|
|
|
Society Registration No. |
Details not Available |
|
|
|
|
Property Tax |
Details not Available |
|
|
|
|
Water Availability |
Municipal Water |
|
|
|
|
Compliance to Sanctioned Plans |
Sanctioned plans not made available hence this cannot be ascertained. |
|
|
|
|
Valuation Method |
Composite Rate Method |
|
|
|
|
Valuation |
The market value obtained in this report is defined as follows: Market value is the estimated amount for which an asset should exchange on the date of valuation between a willing buyer and a willing seller in an Arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably and without compulsion. (As defined by the International Valuation Standards Committee, London). Thus, the characteristic of the Market Values are – a) It is a free will sale b) It is an estimated amount and not a predetermined or an acceptable sale price. c) It is time-specific as on the given date d) It depends on purpose of valuation e) Buyer and Seller are actuated by Business principles. They are unrelated and are acting independently. f) Asset would be exposed to the market in the most appropriate |
|
|
|
|
Remarks if any |
Nil |
|
|
|
|
Current Fair Market Rate |
Rs. 16.500/- Per Sq. Ft. on Super Built-up area |
|
|
|
|
Current Fair Market Value |
795 Sq. Ft. x Rs. 16,500/- = Rs. 13.118 Millions |
|
|
|
|
Realizable Value |
The value Realizable by the bank is generally less than the market value because of various factors such as mode of payment (Strictly by cheque), limitations of effective marketing, costs involved in the process of the sale, etc. the percentage variation between RV and MV depends on various factors such as urban or rural property, user and location of the property, etc. in their opinion, considering these aspects, 10% reduction will be appropriate. Considering these aspects, 10% reduction will be appropriate. They are therefore, discounting 10% in the Fair Market Value |
|
|
|
|
Realizable Value |
90% x Rs. 1,31,17,500/- = Rs. 11.806 Millions |
|
|
|
|
Distress Sale Value |
It means the amount which may reasonably be expected to be obtained from the sale of a property in which one of more characteristics of the definition of market value is not satisfied. The seller may be an unwilling seller and the buyer may be motivated by the knowledge of the disadvantage the seller suffers from due to this they are discounting the above value by 20% |
|
|
|
|
Distress Sale Value |
80% x Rs. 1,31,17,500/- = Rs. 10.494 Millions |
|
|
|
|
Basis of Recommended Rate |
Location, Quality of Construction, Residual Life of the Building, Supply, Demand, Local Enquiries, Market feedback of investigations, etc. |
|
|
|
|
Suggested sum assured for Fire Insurance
cover (Replacement Cost) |
The Fire Insurance needs to be purchased on ‘Replacement’ or Reinstatement basis. It means on can get ‘New for old’ property destroyed by Fire, Earthquake, etc. Land components has to be deducted from total Value and only cost of NEW construction has to be considered in deciding the sum insured i.e. Rs. 1.600 Millions |
|
|
|
|
Government Value |
Rs. 13,973/- per sq. ft. on Built-up area Rs. 11.109 Millions (Year 2015) |
|
|
|
|
Reason for deviations if any |
Registrars rates are for normal properties and they do not consider amenities, location, Vastu-shastra compliance, proximity to a temple, a school, a school and college, etc. |
|
|
|
|
Special Features that add to value |
Nil |
|
|
|
|
Agreement |
Date: 29.07.195 Amount: Rs. 0.207 Million |
|
|
|
|
Documents seen |
Agreement Copy |
|
|
|
|
Registration Date |
Details no available |
|
|
|
|
Village |
Chakala |
|
|
|
|
Registrars Value |
Rs. 11.109 (Year - 2015) |
|
|
|
|
Receipts NO. |
Details not available |
|
|
|
|
Agreement Between |
Purchaser – Mr. Anil Kamalakar Karnik Seller – Rajit Development Corporation |
|
|
|
|
Any Negative Features |
Nil |
|
|
|
|
Considering the location, condition, maintenance and use of the Building, Fair Market Value of the property is considered at Rs. 13.118 Millions. |
|
FIXED ASSETS
· Computers
· Motors Cars
· Furniture and Fixtures
· Plant and Machinery
· Office Equipments
· Factory Shed
· Air Conditioner
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.62.14 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.