MIRA INFORM REPORT

Report No. :	297685
Report Date :	21.01.2015

IDENTIFICATION DETAILS

Name :	AMRAT DAIRY
Registered Office :	137/A, Shanti Nagar, Etah – 207247, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2014
Year of Establishment :	2008
Capital Investment :	Rs. 7.281 Millions
PAN No.: [Permanent Account No.]	BNLPS9801G
Legal Form :	Sole Proprietary Concern
Line of Business :	Trader of Milk.
No. of Employees :	13 (In Office: 3 and In Factory: 10) (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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. 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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. Chaman Gupta
Designation :	Chartered Accountant
Contact No.:	91-9837053141
Date :	19.01.2015

Name :	Mr. Harendra Singh
Designation :	Proprietor
Contact No.:	91-9412617486
Date :	19.01.2015

LOCATIONS

Registered Office :	137/A, Shanti Nagar, Etah – 207247, Uttar Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-9837053141 [Mr. Chaman Gupta] 91-9412617486 [Mr. Harendra Singh]
Fax No.:	Not Available
Area :	703.08 Sq. ft.
Location :	Owned
Factory :	Mauja-Chilasani, Pargana, Sakit, Etah – 207247, Uttar Pradesh, India
Area :	8670 Sq. ft.
Location :	Owned

SOLE PROPRIETOR

Name :	Mr. Harendra Singh
Designation :	Proprietor
Date of Birth/Age :	01.04.1969
Qualification :	Post Graduate
Experience :	10 Years
PAN No.:	BNLPS9801G
Brief Profile :	He is one of the successful businessmen in Etah and had education in Firozabad. He is Post Graduate with Science from C.L. Jain Degree College Firozabad. He is in Etah since birth. Due to his tremendous managerial capacities and his foresight, became businessmen by choice. He has been in the business of Chilling of Milk and its trading for last 10 years. He is also social activist and had been executive of different social societies. Presently he is Manager of Shri Amrat Singh Ucchtar Madhimic Vidhalaya, Nizampur, Etah.

KEY EXECUTIVES

Name :	Mr. Chaman Gupta
Designation :	Chartered Accountant

BUSINESS DETAILS

Line of Business :	Trader of Milk.
Brand Names :	--
Agencies Held :	--
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Credit [30 Days]
Purchasing :	Cash

GENERAL INFORMATION

Suppliers :

They are local farmers.

Customers :

Wholesalers and Retailers

Reference:	Ashok Dairy
Name of the Person (Designation):	Mr. Ashok Kumar
Contact Number:	91-9927012297
Since how long known:	10 Years they know owner
Maximum limit dealt:	Approx. Rs. 150.000 Millions
Experience:	Product Quality = Excellent Delivery Behaviour = Excellent Overall = Excellent
Remark	Company is very good, no negative remarks against them.

No. of Employees :

13 (In Office: 3 and In Factory: 10) (Approximately)

Bankers :

Bank Name:	Bank of India
Branch:	SSI Branch, Agra, Uttar Pradesh, India
Person Name (with Designation):	Mr. R.K. Sharma [Bank Manager]
Contact Number:	91-562-2851796/ 2854533
Name of Account Holder:	Amrat Dairy
Account Number:	725432110000028
Account Since (Date/ Year of A/c Opening):	06.12.2014
Average Balance Maintained (Optional):	Not Possible
Credit Facilities Enjoyed (CC/OD/Term Loan):	CC Limit = Rs. 10.000 Millions
Account Operation:	Satisfactory
Remarks: --

· Bank of India

Sanjay Place, Agra, Uttar Pradesh, India

Facilities :

Credit Limit = Rs. 10.000 Millions

Auditors :
Name :	CKG and Company Chartered Accountants
Address :	F 31/2, Opposite LIC Building, Sanjay Place, Agra - 282002, Uttar Pradesh, India
Tel. No.:	91-562-4033693
Mobile No.:	91-9837053141
E-Mail :	ckguptaag@gmail.com
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

[AS ON 31.03.2014]

PARTICULARS	[RS. IN MILLIONS]
Opening Balance as on 01.04.2013	6.427
Add: Addition	5.410
Add: Profit of Current Year	1.522
Gross Total	13.359
Less: TDS 2013-14	0.072
School Fees	0.150
Withdrawals	5.856
CLOSING BALANCE AS ON 31.03.2014	7.281

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] Proprietor Capital		7.281	6.427	5.990
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		7.281	6.427	5.990
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		7.281	6.427	5.990
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.083	5.779	6.387
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	0.000	0.000	0.000
	Sundry Debtors	0.372	0.000	12.883
	Cash & Bank Balances	14.016	6.205	3.941
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		14.388	6.205	16.824
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	12.013	5.506	17.000
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.177	0.051	0.221
Total Current Liabilities		12.190	5.557	17.221
Net Current Assets		2.198	0.648	(0.397)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		7.281	6.427	5.990

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	190.472	144.353	210.370
		Other Income	1.409	0.000	0.000
		TOTAL	191.881	144.353	210.370
Less	EXPENSES
		Purchases	182.019	140.025	205.782
		Chemical Expenses	0.050	0.037	0.055
		Diesel Expenses [Generator]	0.160	0.423	0.627
		Electricity Expenses	2.049	1.416	0.487
		Salary and Bonus Expenses	0.540	0.420	0.492
		Crane Charge	0.001	0.000	0.000
		Diesel Expenses	3.273	0.064	0.152
		Accounting Expenses	0.060	0.036	0.060
		Discount and Rebate Expenses	0.000	0.000	0.000
		Festival Expenses	0.030	0.006	0.009
		Telephone Expenses	0.024	0.012	0.024
		Bank Expenses	0.002	0.004	0.001
		Travelling Expenses	0.085	0.036	0.068
		Audit Fees	0.010	0.010	0.010
		General Expenses	0.075	0.042	0.104
		Transportation Expenses	1.219	0.501	0.907
		Repair and maintenance Expenses	0.067	0.046	0.148
		TOTAL	189.664	143.078	208.926
	PROFIT BEFORE DEPRECIATION AND AMORTISATION		2.217	1.275	1.444
Less/ Add	DEPRECIATION/ AMORTISATION		0.695	0.608	0.693
	NET PROFIT		1.522	0.667	0.751

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	0.80	0.46	0.36
Return on Total Assets (PBT/Total Assets}	(%)	7.82	5.57	3.24
Return on Investment (ROI) (PBT/Networth)		0.21	0.10	0.13
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.18	1.12	0.98

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Proprietor’s Capital	5.990	6.427	7.281
Profit and Loss Account	0.000	0.000	0.000
Net worth	5.990	6.427	7.281
Secured Loans	0.000	0.000	0.000
Unsecured Loans	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

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	210.370	144.353	190.472
		(31.381)	31.949

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	210.370	144.353	190.472
Profit	0.751	0.667	1.522
	0.36%	0.46%	0.80%

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	Yes
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	No
17]	Major suppliers	No
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	Yes
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

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

MR. HARENDRA SINGH [PROPRIETOR]

COMPUTATION OF TOTAL INCOME

(RS. IN MILLIONS)

PARTICULARS	31.03.2014
Income from Business or Profession [Chapter IV D]			1.522
Profit as per Profit and Loss Account		1.522
Add: Depreciation debited in Profit and Loss Account		0.696
		------------
Total		2.218
Less: Depreciation as per Chart u/s 32	0.696	0.696
		------------
		1.522
			------------
Gross Total Income			1.522
Less: Deductions [Chapter IV A]
u/s 80C
L.I.P.	0.015
Tuition Fee	0.150
	0.165
		0.100
		------------
			0.100
			------------
Total Income			1.422
Round off u/s 288 A			1.422
Adjusted total income [ATI] is more than Rs. 2.000 Millions. Hence AMT mot applicable
Tax Due		0.257
Educational Cess		0.007
		------------
		0.264
T.D.S.		0.072
		------------
		0.192
Interest u/s 234 A/B/C		0.017
		------------
		0.209
Round off u/s 288 B		0.209
Deposit u/s 140 A		0.209
		------------
Tax Payable		0.000

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

AMRAT DAIRY

PROJECTED BALANCE SHEET

(RS. IN MILLIONS)

SOURCES OF FUNDS		31.03.2016 [PROJECTED]	31.03.2015 [PROJECTED]
SHAREHOLDERS FUNDS
1] Proprietor Capital		9.050	8.026
2] Share Application Money		0.000	0.000
3] Profit and Loss Account		0.000	0.000
4] (Accumulated Losses)		0.000	0.000
NETWORTH		9.050	8.026
LOAN FUNDS
1] Secured Loans		10.000	10.000
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		10.000	10.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		19.050	18.026
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		4.117	4.574
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000
	Sundry Debtors	6.000	5.000
	Cash & Bank Balances	1.233	0.692
	Other Current Assets	0.000	0.000
	Loans & Advances	18.000	16.000
Total Current Assets		25.233	21.692
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	10.000	8.000
	Other Current Liabilities	0.000	0.000
	Provisions	0.300	0.240
Total Current Liabilities		10.300	8.240
Net Current Assets		14.933	13.452
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		19.050	18.026

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

AMRAT DAIRY

PROFIT & LOSS ACCOUNT

(RS. IN MILLIONS)

	PARTICULARS		31.03.2016 [PROJECTED]	31.03.2015 [PROJECTED]
	SALES
		Income	230.000	210.000
		Other Income	0.000	0.000
		TOTAL	230.000	210.000
Less	EXPENSES
		Purchases	219.600	200.000
		Chemical Expenses	0.040	0.055
		Diesel Expenses [Generator]	0.180	0.176
		Electricity Expenses	2.400	2.253
		Salary and Bonus Expenses	0.750	0.600
		Crane Charge	0.000	0.000
		Diesel Expenses	3.000	3.000
		Accounting Expenses	0.060	0.060
		Discount and Rebate Expenses	0.000	0.000
		Festival Expenses	0.008	0.006
		Telephone Expenses	0.020	0.020
		Bank Expenses	0.020	0.020
		Travelling Expenses	0.036	0.030
		Audit Fees	0.020	0.020
		Petrol and Conveyance Expenses	0.030	0.024
		Interest	1.200	1.200
		General Expenses	0.008	0.002
		Transportation Expenses	0.476	0.450
		Repair and maintenance Expenses	0.060	0.060
		TOTAL	227.908	207.976
	PROFIT BEFORE DEPRECIATION AND AMORTISATION		2.092	2.024
Less/ Add	DEPRECIATION/ AMORTISATION		0.532	0.608
	NET PROFIT		1.560	1.416

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

NETWORTH STATEMENT

MR. HARENDRA SINGH

(RS. IN MILLIONS)

PARTICULARS	08.01.2015
ASSETS
IMMOVABLE PROPERTY
Residential House at 137-A, Shanti Nagar, Etah	5.281
Factory Building at Mauja Chilasani, Pargana, Etah	22.944
TOTAL [A]	28.225
MOVABLE PROPERTY
Capital in Business as on 31.03.2014	7.281
Jewellary	0.500
Cash and Bank Balances	14.016
TOTAL [B]	21.797
GROSS TOTAL C [A+B]	50.022
LIABILITIES	0.000
TOTAL [D]	0.000
NETWORTH [C-D]	50.022

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

VALUATION REPORT

(GENERAL DETAILS)

Date as on which valuation is made

To Evaluate the Sale Value of Property

Date of Inspection

08.08.2014

Date on which the valuation is made

09.08.2014

List of documents produced for perusal

1) Original / Photocopy of

2) Original / Photocopy of

Sale deed [1 No.]

--

Name of the Owner / seller / purchaser and his / their address with Phone No. [details of share of each purchaser in case of joint ownership]

Mr. Harendra Singh s/o Amrit Singh

Brief description of the property

The Property is situated in Mohalla – Shanti Nagar, Near Times Public School, Per. Etah Sakeet, Teh. and District Etah

Sale-deed/ Lease-deed details of property

1) Sale-deed-1

2) Sale-deed-2

3) Sale-deed-3

4) Sale-deed-4

Bahi.- I	Jild-4852	Page-143/164	Sr. No. 1528	Dt. 27.02.2007
Bahi.	Jild-	Page-	Sr. No.	Dt.
Bahi.	Jild-	Page-	Sr. No.	Dt.
Bahi.	Jild-	Page-	Sr. No.	Dt.

Location of property

a) Plot No. / Survey No. / Door No.

b) T.S. No. / Village

c) Ward / Taluka

d) Mandal / District

--

Mohalla – Shanti Nagar, Near Times Public School, G.T. Road

Per. Etah Sakeet The. Etah

Etah

Postal address of the property

Mohalla – Shanti Nagar, Near Times Public School, Per. Etah Sakeet, Teh. and District Etah

City / Town

Residential Area

Commercial Area

Industrial Area

City

Yes

No

No

Classification of the area

1) High/ Middle/ Poor

2) Urban/ Semi Urban/ Rural

Middle

Urban

Coming under Corporation limit/ Village Panchayat / Municipality

Under the limit of Nagar Palika

Whether covered under any State/ Central Government enactments [e.g. urban land Ceiling Act] or notified under agency area / scheduled / cantonment area

NA

In case it is agricultural land, any conversion to house site plots is contemplated?

NA

Boundaries of the property

	As per Deed 1
North	Sanitary Lane 9’ wd
South	20’ wide Rasta
East	H/O Ram Autar Gupta
West	Plot of Shivraj Singh

As per Actuals

Same

20’ wide Rasta

Same

Same

Dimensions of the site

North

South

East

West

A	B
As per the deed	Actuals
28’	30’
28’	30’
90’	90’
90’	90’

Extent of the site

2520.00 Sq. ft. [or 234.36 Sq. Mt.]

Extent of the site considered for valuation [least of 14A and 14B]

2520.00 Sq. ft. [or 234.36 Sq. Mt.]

Whether occupied by the owner/ tenant? If occupied by tenant, since how long? rent received per month

Owner’s Occupied

CHARACTERISTICS OF THE SITE

Classification of locality

Residential Area

Development of surrounding areas

Mixed Area

Possibility of frequent flooding/ submerging

No

Feasibility to the Civic amenities like School, Hospital, Bus Stop, Market etc.

All are within 2.0 Kms.

Level of land with topographical conditions

Above Road Level

Shape of Land

Rectangular Shape

Type of use to which it can be put

Residential

Any usage restriction

Residential

Is plot in town planning approved layout?

Yes

Corner plot or intermittent plot?

Intermittent Plot

Road facilities

Near G.T. Road

Type of road available at present

Near G.T. Road

Width of road – is it below 20ft or more than 20ft

20 ft. wd

Is it a Land – Locked Land

NA

Water potentially

Yes

Underground sewerage system

NA

Is power supply available at the site?

Yes

Advantages of the site

Near G.T. Road

Near Times Public School

Special remarks, if any like land use as per local authority/ municipality/ threat of acquisition of land for public service purpose, road widening or applicability of CRZ provisions etc. [Distance form sea-coast / tidal level must be incorporated]

--

PART – A [VALUATION OF LAND]

Size of plot

North and South

East and West

Rectangular Shape

28’ and 28’

90’ and 90’

Total extent of the plot

2520.00 Sq. ft. [or 234.36 Sq. Mt.]

Prevailing market rate of Land

Rs. 1500/- per Sq. ft.

Guideline rate obtained from the Registrar’s Office

--

Value of Land Guideline rate of Registrar’s Office

--

Assessed / adopted rate of valuation

Rs. 1500/- per Sq. ft.

Estimated value of land

2520.00 x Rs. 1500/-

Rs. 3.780 Millions

PART - A [VALUATION OF COMMERCIAL SPACE OR SHOP]

Total extent of the plot

NA

Prevailing market rate of shop [Monthly Rent]

NA

Guideline rate obtained from the Registrar’s Office

NA

Value of Shop Guideline rate of Registrar’s Office

NA

Assessed / adopted rate of valuation

NA

Estimated value of Shop

NA

PART – B [VALUATION OF BUILDING]

Technical details of the building

Type of building [Residential/ Commercial/ Industrial]

Residential

Type of const. [Load bearing/ RCC/ Steel framed]

Load bearing walls st.

Year of construction

Ground Floor = 1990

Number of floors and height of each floor including basement, if any

One and height of ground floor = 10’6”

Plinth area floor-wise

Ground Floor [Dat Roof]	700 Sq. ft.
Ground Floor [RCC Roof]	1452 Sq. ft.
1^st Floor	--
2^nd Floor	--
Other Floors	--

Condition of the building

--

Exterior – Excellent, Good, Normal, Poor

Normal

Interior – Excellent, Good, Normal, Poor

Normal

Specification of construction [floor-wise] in respect of

Sr. no.	Description	Ground floor	1^st floor	2^nd floor	4^th floor
1	Foundation	Spread	--	--	--
2	Basement	--	--	--	--
3	Superstructure	9” thick B’ wall	--	--	--
4	Joinery/ Doors and windows [Please furnished details about size of frames, shutters, glazing, fitting etc. and specify the species of timber]	Sheesham wood doors/ window shutters	--	--	--
5	RCC Works	--	--	--	--
6	Plastering	Distemper	--	--	--
7	Flooring: Shirting, dadoing C.C./ White Stone flooring	Marble / C.C. Floor	--	--	--
8	Special finish as Marble, Granite, Wooden Paneling, Grills etc.	--	--	--	--
9	Roofing including weather proof course	R.C.C. / Dat	--	--	--
10	Drainage	Septic Tank	--	--	--

Compound Wall

- Height

- Length

- Type of Construction

--

--

--

Electrical Installation

- Type of wiring

- Class of fittings [Superior / Ordinary / Poor]

- Number of light points

- Fan points

- Spare plug points

- Any other item

Conduit / Surface

Ordinary

--

--

--

--

Plumbing Installation

- No. of water closets and their type

- No. wash basins

- No. of urinals

- No. of bath tubs

- Water meters, taps etc.

- Any other fixtures

--

--

--

--

--

--

--

Details of Valuation

Sr. no.	Particulars of Items	Plinth Area	Roof Height	Age and Estimated Age of Building [Years]	Estimated replacement rate of construction	Replacement cost in Millions	Depreciation	Net Value after Depreciation in Millions
1	Ground floor	700	10’6”	24/70	700/- per Sq. ft.	0.490	25%	0.367
2	Ground floor	1452	10’6”	24/75	1000/- per Sq. ft.	1.452	25%	1.089
3	1^st floor	--	--	--	--	--	--	--
4	2^nd floor	--	--	--	--	--	--	--
5	3^rd floor	--	--	--	--	--	--	--
6	4^th floor	--	--	--	--	--	--	--
7	Other floors	--	--	--	--	--	--	--
	Total [Say]							1.456

PART – C [XTRA ITEMS]

1	Portico	--
2	Ornamental front door	--
3	Sit out/ Verandah with steel grills	--
4	Overhead water tank	Rs. 0.010 Million
5	Extra steel / collapsible gates	--
	Total	Rs. 0.010 Million

PART – D [AMENITIES]

1	Wardrobes	--
2	Glazed tiles	--
3	Extra sinks and bath tub	--
4	Marble / ceramic tiles flooring	--
5	Interior decorations	--
6	Architectural elevation works	--
7	Paneling works	--
8	Aluminium works	--
9	Aluminium hand rails	--
10	False ceiling	--
	Total	--

PART – E [MISCELLANEOUS]

1	Separate toilet room	--
2	Separate lumber room	--
3	Separate water tank / sump	--
4	Trees, gardening	--
5	Other Works [if any]	--
	Total	--

PART – F [SERVICES]

1	Water supply arrangements	Rs. 0.010 Million
2	Drainage arrangements	Rs. 0.015 Million
3	Compound wall and gate	--
4	C. B. deposits, fittings etc.	--
5	Pavement	--
	Total	Rs. 0.025 Million

TOTAL ABSTRACT OF THE ENTIRE PROPERTY

Part A	Land	Rs. 3.780 Millions
Part B	Shop	--
Part C	Building	Rs. 1.456 Millions
Part D	Extra Items	Rs. 0.010 Million
Part E	Amenities	--
Part F	Miscellaneous	--
Part G	Services	Rs. 0.035 Million
	Total	Rs. 5.281 Millions

As a result of appraisal and analysis, it is considered that the present market value of the above property in prevailing condition with aforesaid specifications in Rs. 5.281 Millions and the distress value = 90% of Fair Market Value is Rs. 4.753 Millions.

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VALUATION REPORT

(GENERAL DETAILS)

Purpose for which the valuation is made

To Evaluate the Sale Value of property

Date of Inspection

18.08.2014

Date on which the valuation is made

19.08.2014

List of documents produced for perusal

- Original / Photocopy of

- Original / Photocopy of

Sale-deed [2 Nos.]

--

Name of owner / seller / purchaser and his / their address with Phone No. [details of share of each purchaser in case of joint ownership]

Mr. Harendra Singh s/o Mr. Amrit Singh

Brief description of the property

The Property is situated in Part of Gala No. 289, Mauja – Chilasani, Sakit Road, Near Kusum Cold Storage, Etah.

Sale-deed/ Lease-deed Details of property

Sale-deed – 1

Sale-deed – 2

Sale-deed – 3

Sale-deed – 4

Bahi 1	Jild 2890	Page 177/208	Sr. no. 6757	Dt. 10.06.2013
Bahi. 1	Jild 415	Page 177/218	Sr. no. 6929	Dt. 13.07.2010
Bahi.	Jild	Page	Sr. no.	Dt.
Bahi.	Jild	Page	Sr. no.	Dt.

Location of property

- Plot No. / Survey No. / Door No.

- T.S. No. / Village

- Ward / Taluka

- Mandal / District

Part of Gala No. 289

Mauja – Chilasani, Sakit Road

Per and Teh – Etah Sakeet,

Etah

Postal address of the property

Part of Gala No. 289, Mauja – Chilasani, Sakit Road, Near Kusum Cold Storage, Etah.

City / Town

Residential area

Commercial area

Industrial area

City

No

No

Yes

Classification of the area

- High / Middle / Poor

- Urban / Semi Urban / Rural

Middle

Semi-Urban

Coming under Corporation limit/ Village Panchayat/ Municipality

Under the limit of Nagar Palika

Whether covered under any State/ Central Government enactments [e.g. urban land Ceiling Act] or notified under agency area / scheduled / cantonment area

NA

In case it is agricultural land, any conversion to house site plots comtemplated?

The land use of an area = 0.289 Hect. Is converted into Non-Agricultural u/s 143 and Rest area as Agricultural.

Boundaries of the property

	As per Deed 1	As per Deed 2
North	Khet of Dariawo Singh	Not Mentioned
South	Khet of Kripal	Not Mentioned
East	Khet of Ramdutt	Not Mentioned
West	Khet of Owner	Not Mentioned
Area	0.289 Hect	0.625 Hect.

As per Actuals

Khet of Dariawo Singh

Sakeet Road

Khet of Ramdutt

Khet of Owener

0.289 + 0.625 = 0.914 Hect.

Dimensions of the site

North

South

East

West

A	B
As per the deed	Actuals
Not Mentioned	--
Not Mentioned	Irregular Shape
Not Mentioned	--
Not Mentioned	--

Extent of the site

2890.00 Sq. Mt. + 7.716 Kachcha Bigha

Extent of the site considered for valuation [least of 14A and 14B]

31108.00 Sq. ft. [2890.00 Sq. Mt. or 0.289 Hect.] + 7.716 Kachcha Bigha [or 0.625 Hect.]

Whether occupied by the owner/ tenant? If occupied by tenant, since how long? Rent received per month

Owner’s occupied

CHARACTERISTICS OF THE SITE

Classification of locality

Mixed Area

Development of surrounding areas

Mixed Area

Possibility of frequent flooding/ submerging

No

Feasibility to the Civic amenities like School, Hospital, Bus stop, Market etc.

All are within 3.5 Kms.

Level of land with topographical conditions

Above Road level

Shape of land

Irregular Shape

Type of use to which it can be put

Industrial

Any usage restriction

NA

Is plot in town planning approved layout?

Yes

Corner plot or intermittent plot?

Intermittent Plot

Road facilities

At Sakeet Road

Type of road available at present

At Sakeet Road

Width of road – is it below 20 ft. or more than 20 ft.

More than 20 ft.

Is it a Land – Locked land

NA

Water Potentiality

Yes

Underground sewerage system

NA

Is power supply available at the site

Yes

Advantages of the site

At Sakeet Road

Near Kusum Cold Storage

Special remarks, if any like land use as per local authority/ municipality / threat of acquisition of land for public service purpose, road widening or applicability of CRZ provisions etc. [Distance form sea-coast/ tidal level must be incorporated]

--

PART – A [VALUATION OF LAND]

Size of plot

North and South

East and West

Irregular Shape

--

--

Total extent of the plot

31108.00 Sq. ft. + 7.716 Kachcha Bigha

Prevailing market rate of land

Rs. 500/- per Sq. ft. and Rs. 500000/- per Kachcha Bigha

Guideline rate obtained from the Registrar’s Office

Rs. 9500/- per Sq. Mt. and Rs. 3200000/- per Hect

Value of Land guideline rate of Registrar’s Office

2890.00 x Rs. 9500/- + 0.625 x Rs. 3200000/-

= Rs. 29.455 Millions

Assessed / adopted rate of valuation

Rs. 500/- per Sq. ft. and Rs. 500000/- per Kachcha Bigha

Estimated value of land

31108.00 x Rs. 500/- + 7.716 x Rs. 500000/-

= Rs. 15.554 Millions + Rs. 3.858 Millions

= Rs. 19.412 Millions

PART – A [VALUATION OF COMMERCIAL SPACE OR SHOP]

Total extent of the plot

NA

Prevailing market rate of Shop [Monthly Rent]

NA

Guideline rate obtained from the Registrar’s Office

NA

Value of Shop Guideline rate of Registrar’s Office

NA

Assessed / adopted rate of valuation

NA

Estimated value of shop

NA

PART - B [VALUATION OF BUILDING]

Technical details of the building

Type of building [Resi./ Commercial/ Industrial]

Industrial building

Type of const. [Load bearing/ RCC/ Steel framed]

Load bearing walls st.

Year of construction

Ground floor = 2013

First floor = 2013

Number of floors and height of each floor including basement, if any

Two

Height of Ground floor = 10’6”, First Floor = 10’6”

Plinth area floor-wise

Ground floor [Tin Shed]	1300 Sq. ft.
Ground Floor [RCC Roof]	4158 Sq. ft.
1^st Floor	546 Sq. ft.
2^nd Floor	--
Other Floor	--

Condition of the building

--

Exterior – Excellent, Good, Normal, Poor

Normal

Interior – Excellent, Good, Normal, Poor

Normal

Specifications of construction [floor-wise] in respect of

Sr. no.	Description	Ground floor	1^st floor	2^nd floor	4^th floor
1	Foundation	Spread	--	--	--
2	Basement	--	--	--	--
3	Superstructure	9” thick B’ wall	9” thick B’ wall	--	--
4	Joinery/ Doors and Windows [Please furnished details about size of frames, shutters, glazing, fitting etc. and specify the species of timber]	Iron Sheet Doors / window grills	Iron Sheet Doors / window grills	--	--
5	RCC Works	--	--	--	--
6	Plastering	Distemper	Distemper	--	--
7	Flooring, Shirting, dadoing C.C./ White Stone flooring	C.C. Floor	C.C. Floor	--	--
8	Special finish as marble, granite, wooden paneling, grills etc.	--	--	--	--
9	Roofing including weather	R.C.C./ Tinshed	R.C.C. Roof	--	--
10	Drainage	Septic Tank	--	--	--

Compound Wall

- Height

- Length

- Type of construction

--

--

--

Electrical Installation

- Type of wiring

- Class of fittings [Superior/ Ordinary/ Poor]

- Number of light points

- Fan Points

- Spare plug point

- Any other item

Conduit / Surface

Ordinary

--

--

--

--

Plumbing Installation

- No. of water closets and their type

- No. of wash basins

- No. of urinals

- No. of bath tubs

- Water meters, taps etc.

- Any other fixtures

--

--

--

--

--

--

Details of Valuation

Sr. no.	Particulars of Items	Plinth Area	Roof Height	Age and Estimated Age of Building [Years]	Estimated replacement rate of construction	Replacement cost in Millions	Depreciation	Net Value after Depreciation in Millions
1	Ground floor	1300	10’6”	01/45	Rs. 150/- per Sq. ft.	0.195	Nil	0.195
2	Ground floor	4158	10’6”	01/75	Rs. 700/- per Sq. ft.	2.910	Nil	2.910
3	1^st floor	546	10’6”	01/75	Rs. 700/- per Sq. ft.	0.382	Nil	0.382
4	2^nd floor	--	--	--	--	--	--	--
5	3^rd floor	--	--	--	--	--	--	--
6	4^th floor	--	--	--	--	--	--	--
7	Other floors	--	--	--	--	--	--	--
	Total [Say]							3.487

PART – C [XTRA ITEMS]

1	Portico	--
2	Ornamental front door	--
3	Sit out/ Verandah with steel grills	--
4	Overhead water tank	Rs. 0.010 Million
5	Extra steel / collapsible gates	--
	Total	Rs. 0.010 Million

PART – D [AMENITIES]

1	Wardrobes	--
2	Glazed tiles	--
3	Extra sinks and bath tub	--
4	Marble / ceramic tiles flooring	--
5	Interior decorations	--
6	Architectural elevation works	--
7	Paneling works	--
8	Aluminium works	--
9	Aluminium hand rails	--
10	False ceiling	--
	Total	--

PART – E [MISCELLANEOUS]

1	Separate toilet room	--
2	Separate lumber room	--
3	Separate water tank / sump	--
4	Trees, gardening	--
5	Other Works [if any]	--
	Total	--

PART – F [SERVICES]

1	Water supply arrangements	Rs. 0.025 Million
2	Drainage arrangements	Rs. 0.010 Million
3	Compound wall and Gate	--
4	C.B. deposits, fittings etc.	--
5	Pavement	--
	Total	Rs. 0.035 Million

TOTAL ABSTRACT OF THE ENTIRE PROPERTY

Part - A	Land	Rs. 19.412 Millions
Part - B	Shop	--
Part - C	Building	Rs. 3.487 Millions
Part - D	Extra Items	Rs. 0.010 Million
Part - E	Amenities	--
Part - F	Miscellaneous	--
Part - G	Services	Rs. 0.035 Million
	Total	Rs. 22.944 Millions

As a result of appraisal and analysis, it is considered that the present market value of the above property in prevailing condition with aforesaid specification in Rs. 22.944 Millions and the distress value = 90% of Fair Market Value i.e. Rs. 20.650 Millions.

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

FIXED ASSETS

Building Construction

Furniture and Fixture

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 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. 61.85
UK Pound	1	Rs. 93.27
Euro	1	Rs. 71.57

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		44

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

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

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

RATING EXPLANATIONS

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

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

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