MIRA INFORM REPORT

Report No. :	332420
Report Date :	17.07.2015

IDENTIFICATION DETAILS

Name :	DR NAGENDRA SINGH (RAJA BHAIYA) COLD STORAGE PRIVATE LIMITED
Registered Office :	Phoos Bungalow, Civil Lines, Fatehgarh, Farrukhabad – 209601, Uttar Pradesh
Mobile No.:	91-7705801707 [Dr. Nagendra Singh]
Country :	India
Financials (as on) :	--
Date of Incorporation :	06.01.2015
Com. Reg. No.:	20-068038
Capital Investment / Paid-up Capital :	Rs. 0.100 Million
CIN No.: [Company Identification No.]	U01403UP2015PTC068038
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAFCD3181P
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Cold Storage facilities for preservation of potatoes and other agricultural produce.
No. of Employees :	6 (Approximately)

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 company incorporated during 06^th January 2015, and it is yet to establishing itself gradually. Mr. Nagendra Singh, Director has provided general information to us and claimed that company is expected to start its business after 3 months. As per status in the Registrar of Companies, business appears to be active. Payments are reported to be unknown. In view of newly established company, the company can be considered for business dealings on 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 – March 31, 2015

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

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

EXTERNAL AGENCY RATING

NOT AVAILABLE

RBI DEFAILTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

INFORMATION PARTED BY

Name :	Dr. Nagendra Singh
Designation :	Director
Contact No.:	91-7705801707
Date :	16.07.2015

LOCATIONS

Registered Office :	Phoos Bungalow, Civil Lines, Fatehgarh, Farrukhabad – 209601, Uttar Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-7705801707 [Dr. Nagendra Singh]
Fax No.:	Not Available
E-Mail :	pdmahila@gmail.com
Location :	Owned
Factory :	Village Awajpur, Tehsil Sadar, District Farrukhabad, Uttar Pradesh, India
Area :	6970 Sq. Mt.
Location :	Owned

DIRECTORS

AS ON 30.12.2014

Name :	Dr. Nagendra Singh
Designation :	Director
Address :	Phoos Bungalow, Civil Lines, Fatehgarh, Farrukhabad – 209601, Uttar Pradesh, India
Date of Birth/Age :	05.07.1975
Qualification :	M.A.., Ph.D., B.ED.
Experience :	12 Years Dr. Nagendra has teaching experience of about 12 years. He is secretary of P.D. Mahila Degree College which is running from past 20 years. He is associated with various educational institutions running in the area. Besides above he is trustee of Major Shiv Dayal Singh Chikitsa Trust which is running a Ayurvedic Medical College, Medical College for MBBS Degree and a Nursing College.
Date of Appointment :	06.01.2015
PAN No.:	AYTPS0906J
DIN No.:	07056802
Name :	Mrs. Priti Singh
Designation :	Director
Address :	Phoos Bungalow, Civil Lines, Fatehgarh, Farrukhabad – 209601, Uttar Pradesh, India
Date of Birth/Age :	03.07.1978
Qualification :	M.A.., Ph.D., B.ED.
Experience :	12 Years She is principal of P.D. Mahila Degree College, Fatehgarh Farrukhabad.
Date of Appointment :	06.01.2015
PAN No.:	BDWPS4187A
DIN No.:	07056813

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.12.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Nagendra Singh	5000	50.00
Priti Singh	5000	50.00
Total	10000	100.00

BUSINESS DETAILS

Line of Business :	Providing Cold Storage facilities for preservation of potatoes and other agricultural produce.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	--
Countries :	--
Imports :
Products :	--
Countries :	--
Terms :
Selling :	--
Purchasing :	--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	--
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

Customers :

Others (Farmers)

Reference:	--
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

No. of Employees :

6 (Approximately)

Bankers :

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

· Bank of India

Seeganpur Branch, Farrukhabad, Uttar Pradesh, India

Sanctioned Rs. 6.500 Million

Facilities :

--

Auditors :
Name :	R.P. Sachan and Associates Chartered Accountants
Address :	111A/402A, Ashok Nagar, Kanpur, Uttar Pradesh, India
Tel. No.:	91-512-2555541
Mobile No.:	91-9415058728
E-Mail :	sachan_ca@redeiffmail.com
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs. 10/- each	Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs. 10/- each	Rs. 0.100 Million

FINANCIAL DATA

[all figures are in Rupees Million]

NEW BUSINESS

LOCAL AGENCY FURTHER INFORMATION

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

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CALCULATION OF D S C R

(RS. IN MILLION)

PARTICULARS	2017 Estimated	2018 Projected	2019 Projected	2020 Projected	2021 Projected	2022 Projected
Net Profit after tax	(1.133)	0.593	1.820	3.186	4.762	6.795
Depreciation	5.382	4.744	4.184	3.708	3.288	2.917
Preliminary Exp. W/O	0.400	0.400	0.400	0.400	0.400	0.000
Cash Accruals	4.649	5.736	6.404	7.294	8.450	9.712
Interest on Term Loan	3.360	3.080	2.800	2.240	1.680	1.120
TOTAL (A)	8.009	8.816	9.204	9.534	10.130	10.832
Interest on Term Loan	3.360	3.080	2.800	2.240	1.680	1.120
Term Loan Installments	2.000	3.000	4.000	4.000	4.000	4.000
TOTAL (B)	5.360	6.080	6.800	6.240	5.680	5.120
DSCR A/B ( Gross)	1.49	1.45	1.35	1.53	1.78	2.12
Net DSCR	2.32	1.91	1.60	1.82	2.11	2.43
Gross Average DSCR	1.71

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PROJECTED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED

(RS. IN MILLION)

PARTICULARS	2016 Estimated	2017 Estimated	2018 Projected	2019 Projected	2020 Projected	2021 Projected
A.REVENUE REALISATION
Receipts	0.000	16.930	18.896	20.862	22.949	25.243
B. COST OF OPERATION
Stores and Spares Consumed	0.000	0.280	0.315	0.350	0.385	0.424
Salary and Wages	0.000	0.812	0.893	0.983	1.081	1.189
Power and Fuel	0.000	4.019	4.466	4.913	5.404	5.944
Repair and Maintenance	0.000	0.200	0.600	0.660	0.726	0.799
Depreciation	0.000	5.382	4.744	4.184	3.708	3.288
COST OF PRODUCTION	0.000	10.693	11.018	11.089	11.304	11.643
Add: Opening stock of finished goods	0.000	0.000	0.000	0.000	0.000	0.000
Less: Closing stock of finished goods	0.000	0.000	0.000	0.000	0.000	0.000
COST OF SALES	0.000	10.693	11.018	11.089	11.304	11.643
Selling, Administrative and General Expenses	0.000	0.846	0.945	1.043	1.147	1.262
Operating Cost	0.000	11.540	11.963	12.132	12.451	12.905
Operating Profit	0.000	5.390	6.934	8.730	10.497	12.338
Less: Interest
T/L	0.000	3.625	3.313	2.875	2.250	1.750
C/C	0.000	1.875	1.875	1.875	1.875	1.875
Operating Profit	0.000	(0.110)	1.746	3.980	6.372	8.713
Non Operating Expenses
Preoperative expenses	0.000	0.400	0.400	0.400	0.400	0.400
Net Profit Before Tax	0.000	(0.510)	1.346	3.580	5.972	8.313
Income Tax	0.000	0.000	0.382	1.230	1.969	2.692
Net Profit after tax	0.000	(0.510)	0.964	2.350	4.003	5.621

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PROJECTED BALANCE SHEET AS AT 31ST MARCH,

(RS. IN MILLION)

PARTICULARS	2016 Estimated	2017 Estimated	2018 Projected	2019 Projected	2020 Projected	2021 Projected
LIABILITIES
Share Capital	10.000	10.000	10.000	10.000	10.000	10.000
Reserve & Surplus	0.000	(1.133)	(0.541)	1.279	4.465	9.227
SECURED LOANS
Bank of India T/L	25.000	23.000	20.000	16.000	12.000	8.000
Bank of India C/C	5.000	5.000	5.000	5.000	5.000	5.000
Bank of India O/D	0.000	1.500	1.500	1.500	1.500	1.500
UNSECURED LOANS
From family members & relatives	18.000	16.000	14.000	14.000	14.000	14.000
CURRENT LIABILITIES
Sundry Creditors	1.000	0.200	0.200	0.200	0.200	0.200
Unpaid Liabilities	0.200	0.400	0.500	0.550	0.600	0.650
Provision for taxes	0.000	0.000	0.000	0.751	1.604	2.309
TOTAL	59.200	54.967	50.659	49.280	49.368	50.886
ASSETS
FIXED ASSETS
Gross Block	47.795	47.795	47.795	47.795	47.795	47.795
Depreciation	0.000	5.382	10.126	14.310	18.018	21.306
Net Block	47.795	42.413	37.670	33.485	29.777	26.489
CURRENT ASSETS
Closing Stock Raw material	0.000	0.000	0.000	0.000	0.000	0.000
Consumables	0.050	0.050	0.060	0.070	0.100	0.100
Cash & bank balance	1.555	1.904	1.130	2.125	3.091	4.997
LOANS & ADVANCES
Sundry Advances	0.000	0.200	0.300	0.500	0.700	1.000
Loan to Farmers	7.500	8.500	10.000	12.000	15.000	18.000
Security Deposits	0.300	0.300	0.300	0.300	0.300	0.300
Preliminary Expenses	2.000	1.600	1.200	0.800	0.400	0.000
TOTAL	59.200	54.967	50.659	49.280	49.368	50.886

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CASH FLOW STATEMENT

(RS. IN MILLION)

PARTICULARS	2016 Estimated	2017 Estimated	2018 Projected	2019 Projected	2020 Projected	2021 Projected
1. SOURCES OF FUNDS
A. Net Profit after Tax	0.000	1.133	0.593	1.820	3.186	4.762
B. Depreciation	0.000	5.382	4.744	4.184	3.708	3.288
C. Increase in Capital	10.000	--	--	--	--	--
D. Increase in term liabilities	41.000	--	--	--	--	--
(including public deposits)
E. Decrease in
(i) Fixed Assets	--	--	--	--	--	--
(ii) Other noncurrent assets	--	--	--	--	--	--
F. Preliminary Expenses W/O	0.000	0.400	0.400	0.400	0.400	0.400
TOTAL	51.000	4.649	5.736	6.404	7.294	8.450
2. USES
(A) Net Loss	--	--	--	--	--	--
(B) Decrease in term liabilities	0.000	5.000	6.000	4.000	4.000	4.000
(C) Increase in
(i) Fixed Assets	47.795	--	--	--	--	--
(ii) Other Non Current Assets	0.300	--	--	--	--	--
(D) Partner's Drawings	--	--	--	--	--	--
(E) Preliminary Exp.	2.000	--	--	--	--	--
TOTAL	50.095	5.000	6.000	4.000	4.000	4.000
3. Long Term Surplus	0.905	(0.351)	(0.264)	2.404	3.294	4.450
4. Increase/decrease in Current Assets	9.105	1.549	0.836	3.205	4.197	5.205
5. Increase/decrease in Current liabilities other than bank borrowings	3.200	0.400	1.100	0.801	0.903	0.755
6. Increase/decrease in working capital gap	5.905	1.149	(0.264)	2.404	3.294	4.450
7. Net Surplus/ Deficit	(5.000)	1.500	0.000	0.000	0.000	0.000
8. Increase/decrease in bank borrowings	5.000	1.500	0.000	0.000	0.000	0.000

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NETWORTH STATEMENT

DR. NAGENDRA SINGH

(RS. IN MILLION)

BANK

BANK	BRANCH	SB/ CD AC. NO.	PRESENT BALANCE	LAST 6 MONTH AVG. BALANCE
Bank of India	Fatehgarh	SB A/c. 19271	0.235	0.350
Bank of India	Seeganpur	SB A/c. 76191011009	0.215	0.450

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own / Joint name	Area	Free hold or Lease hold	Location/ address	Present Value	Whether encumbered (Give details)
Non Agri. Land
i. Commercial	--	--	--	--	--	--
ii. Residential	--	--	--	--	--	--
Flat / House	--	--	--	--	--	--
Agri. Land	Own	3.218 Acre	Freehold	Bartal, Kakyuli, Mohammdabad	3.800	--
Others	Revolver/ Double Barrel	--	--	--	0.080	--

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC Fatehgarh	262282581	15.02.2005	0.200	0.015 Million Yearly	Upto date
LIC Fatehgarh	--	--	0.100	0.008 Million Yearly	Upto date
LIC	264600788	22.02.2008	1.000	0.068 Million Yearly	Upto date

JEWELLERY

	QUANTITY	VALUATION [APPROX.]
Gold	02	0.150

LIABILITIES

AS GUARANTOR

Name of the person to whom guaranteed	Name of the Bank/ financial Institution	Guarantee Amount	Present Status of A/c	Outstanding Balance
Krishna Devi Cold Storage	BOI Fatehgarh	OD-49 = Rs. 2.500 Million OD-50 = Rs. 8.000 Million	0.700 2.600	Nil Nil
Major S.D. Singh Chikitsa Trust	BOI Fatehgarh	Term Loan = Rs. 355.000 Million Bank Guarantee = Rs. 105.500 Million	216.000 105.000	Nil Nil

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Mrs. Preeti Singh	Service	Wife	34	Married	Civil Lines, Fatehgarh
Mr. Prakhar Singh	Student	Son	9	Unmarried	Civil Lines, Fatehgarh
Mr. Harsh	Baby	Son	7	Unmarried	Civil Lines, Fatehgarh

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NETWORTH STATEMENT

MRS. PRITI SINGH

(RS. IN MILLION)

BANK

BANK	BRANCH	SB/ CD AC. NO.	PRESENT BALANCE	LAST 6 MONTH AVG. BALANCE
Bank of India	Fatehgarh	SB A/c. 7329	0.230	0.350
Bank of India	Seeganpur	SB A/c. 761910110000010	0.202	0.220

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own / Joint name	Area	Free hold or Lease hold	Location/ address	Present Value	Whether encumbered (Give details)
Non Agri. Land
i. Commercial	--	--	--	--	--	--
ii. Residential	--	--	--	--	--	--
Flat / House	--	--	--	--	--	--
Agri. Land	--	--	--	--	--	--
Others	Revolver/ Double Barrel	--	--	--	--	--

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC Fatehgarh	262239761	28.06.2010	0.100	0.049 Yearly	Upto date
LIC Fatehgarh	264600787	15.10.2010	0.200	0.068 Yearly	Upto date

JEWELLERY

	QUANTITY	VALUATION [APPROX.]
Gold	03	0.250

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Mr. Nagendra Singh	Service	Husband	39	Married	Civil Lines, Fatehgarh
Mr. Prakhar Singh	Student	Son	9	Unmarried	Civil Lines, Fatehgarh
Mr. Harsh	Baby	Son	7	Unmarried	Civil Lines, Fatehgarh

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PROJECT REPORT

ABOUT THE COMPANY

DR NAGENDRA SINGH (RAJA BHAIYA) COLD STORAGE PRIVATE LIMITED is a private limited Company incorporated under the Companies Act, 2013 in the year 2015 vide CIN. The main objects of the Company are to construct and run cold storage/warehouses for storage and preservation of agricultural products. The company is promoted by the persons belonging to the educationist group of Farrukhabad. The group is also running a cold storage from last 25 years.

ABOUT THE PROJECT AND MARKET SCOPE

The potato is seasonal crop which is harvested during the months from November to march. However the crop harvested from November to January is raw and cannot be preserved hence is consumed immediately. The potato is a perishable article and cannot be preserved in normal temperature. Though the potato is seasonal crop and is grown in few states of India while it is consumed all over India and during whole year. Since the potato is perishable in nature, it can be preserved only in controlled temperature for which cold storage is necessary. Besides the potato required for human consumption, huge quantity of potato is also required for seed every year which can be preserved in cold storage only. Besides potato other vegetables like cabbage, cauliflower, chilli etc., fruits and Dry Fruits, Milk and Milk products are also stored in the Cold Storage.

Potato is a cash crop and the prices of potato increase substantially in off season. To take benefit of price increase, the farmers store their potato in cold storages. Besides farmers, middlemen/traders also store potato in cold storages. Farrukhabad is richest potato growing district of U.P. In spite of several cold storage in the District, the farmers have to sell their potato at lower prices during harvesting season. Sometimes the farmers are compelled to throw their potato because of non availability of remunerative prices as well as non availability of storage facility in the cold storage. Hence still there is huge scope for new Cold Storages in the area. The group is already running a cold storage from past 25 years and is well aware of the market and scope for cold storage.

COST OF THE PROJECT

The additional cost of the project has been worked out to Rs. 530.00 lacs breakup of which is as under:

Particulars	Amount in Million
Land	0.650
Building	33.647
Plant & Machinery	13.348
Other Assets	0.150
Security Deposit	0.300
Pre-operative Expenses	2.000
Margin Money For Working Capital	2.905
Total	53.000

MEANS OF FINANCING

The additional cost of project of Rs. 530.00 lacs has been proposed to be financed as under:

Particulars	Amount in Million
Share Capital	10.000
Term Loan from Bank	25.000
Unsecured Loans	18.000
Total	53.000

PROJECT IMPLEMENTATION SCHEDULE

Acquisition of land	Already Purchased
	Commencement	Completion
Site Development	March, 2015	April, 2015
Civil Work	April, 2015	November, 2015
Placement of Orders for Equipment’s	July, 2015	August, 2015
Delivery of Equipment’s	October, 2015	December, 2015
Erection of Plant & machinery	October, 2015	January, 2016
Trial Run	January, 2016	January, 2016
Commercial Production	Feb., 2016	Onwards

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VALUATION REPORT

PROPERTY IN NAME OF DR. NAGENDRA SINGH S/O BABU SINGH SITUATED AT CIVIL LINES, NEAR BHUSH BUNGALOW, FATEHGARH, FARRUKHABAD

(GENERAL DETAILS)

Purpose of Valuation

To determine fair market value for collateral security

Date of Inspection

10.03.2015

List of documents produced for perusal

Photocopy of title deed

If property is ownership/ co-ownership, details of share of each owners.

Ownership

Description of the Property/ Title Deed

They inspected the said property with BM/BOI with minute survey regarding boundaries, rates, location etc. their final survey report as under: The valued property situated on prime location of 20’ wide CC road with single storied Resi. building adjoining to Dr. Anar Singh building under lower G floor C area 80.82 Sq. Mt. with RCC slabed and PCC flooring upper floor having boundary wall and Marble tiles flooring.

Door no.	Date	Plot no.	Area	Type of land
1498	27.01.2015	Nil	80.82	Resi.

Location of Property

Plot no. / Khasra no.

Nil

Street/ Lane

Civil Lines

Colony/ Locality

--

City

Fatehgarh

Mandal/ District

Farrukhabad

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

Mixed

Classification of locality-High/ Middle/ Poor Class Urban/ Semi Urban/ Rural

Middle

Urban

Coming under Corporation limit Village panchayat/ Municipal

Municipality limit

Whether covered under any state/ central Govt. enactment seg. Urban land ceiling act or notified under agency/ scheduled/ cantonment area

No

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

NA

Boundaries of the property

East side

West side

North side

South side

As per title deed	As per site
Land of Babu Singh	Land of Babu Singh (Private Passage)
Plot and HO Dr. Anar Singh	HO Dr. Anar Singh
Way 20’	Way 20’
Land of Babu Singh	Land of Babu Singh and Others

Dimension of Site

East/ West

North/ South

As per title deed	As per site
15’	15’
58’	58’

Extent of the site

As per title deed	As per site
82.82 Sq. Mt.	82.82 Sq. Mt.

Whether occupied by the owner / tenant if occupied tenant since how long rent received per month

Owner occupied

CHARACTERISTICS OF THE SITE

Classification of locality

HIG

Development of surrounding

Developed

Possibility of frequent flooding

No

Feasibility of civic amenities like school, hospital bus stop, market etc.

Within 1-2 km radius

Level of land with topographical condition

Level land

Shape of land and utilization of land

Almost Rectangular, about 30% land utlised

Type of use to which it can be put

Residential

Any use restriction

No

Is plot is town planning approved layout

No

Corner plot or intermittent plot

Intermittent

Road facilities

Yes

Type of road available at present

CC Road

Width of roads below 20 ft. or more than 20 ft.

About 20ft.

Is it a land locked land

No

Water potentially

Good

Underground sewerage system

NA

Power supply is available at present

Yes

Advantage of site

The saleability and rental value is good.

General Remark if any

Rates have been arrived on the basis of market survey. On local enquires, they have found that the rates are Rs. 16000 + per Sq. Mt. adopted rate Rs. 16000/- Sq. Mt.

PART A (VALUATION OF LAND)

Type of Land – Non Agri.	Resi. Area	Rate	Resi. Area	Resi. Rate	Total Value	Remark
D.L.C./ Circle value	80.82	15000	0	0	1.212	DLC Value
Estimated Market Value	80.82	16000	0	0	1.293	M Value

PART B (VALUATION OF BUILDING)

TECHNICAL DETAILS OF THE BUILDING

Type of Building

Residential / Commercial/ Industrial

Residential

Type of construction

[Load bearing/ RCC/ Steel framed]

RCC

Year of Construction

New

No. of floors and height of each floor

Ground Floor ht. 10’6”

Condition of Building

External [Excellent/ Good/ Normal/ Poor]

Normal

Internal [Excellent/ Good/ Normal/ Poor]

Normal

Whether the building/ Property is constructed strictly according to the sanctioned plan, details of variations noticed if any and effect of the same of the valuation

No

SPECIFICATION OF CONSTRUCTION [FLOOR WIDE] IN RESPECT OF

Type of foundation

Spread footing

Superstructure

9” thick Brick Work

Joinery/ Door and window

M.S. iron door

RCC work

RCC slabed

Plastering

Plastered

Flooring

PCC Flooring

Any special finishing

No

Roofing weather proof course

Terriced

Drainage

Provided

Compound wall

NA

Eclectic Installation

Gen. electric fitting

Plumbing installation (no. of water closets and type)

NA

DETAILS OF VALUATION [AFTER DEPRECIATION]

SN Items	Plinth Area	Roof Ht.	Rep. rate	Unit	Rep. Cost	Dep.	Net Value
Ground Floor Construction	80.82	12’	11500	Sq. Mt.	0.929	0	0.929
First Floor Construction [Flooring only]	80.82	10’6”	1160	Sq. Mt.	0.094	0	0.094
S. floor	0	10’6”	0	Sq. Mt.	0	0	0
Total							1.023

EXTRA ITEMS

Portico

Nil

Ornamental front door

Nil

Sit out/ Verandah with steel grill

Nil

Overhead water tank / borewell

Nil

Extra steel / collapsible gate

Nil

AMENITIES

Wardrobes

Nil

Glazed Tiles

Nil

Extra Sinks and bath tub

Nil

Marble / ceramic tiles flooring

Nil

Interior decoration

Nil

Architectural elevation works

Nil

Paneling works

Nil

Aluminum hand rails

Nil

False Ceiling

Nil

MISC. [AFTER DEPRECIATION]

Separate toilet room

Nil

Separate lumber room

Nil

Separate water tank

Nil

Trees, gardening

Nil

SERVICES [AFTER DEPRECIATION]

Water supply arrangement

0.035

Drainage arrangement [Septic Tank]

0.030

Compound wall with Main Gate and Railing

0.100

C.B. Deposits, Fittings etc.

0.000

Pavement [Open area flooring]

0.000

Total

0.165

Cost of proposed construction, if any

0.000

SUMMARY OF VALUATION

	As per circle value	Replacement cost
Part A Cost Land	1.212	1.293
Part B Cost of Building	1.023	1.023
Part C Extra Items	0.000	0.000
Part D Amenities	0.000	0.000
Part E Misc.	0.000	0.000
Part F Services	0.165	0.165
Total	2.400	2.481 Present Worth

The overall fair Market Value of Property	Rs. 2.481 Million
Distress sale value	Rs. 2.357 Million
Circle rate value (DLC)	Rs. 2.400 Million

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VALUATION REPORT

PROPERTY IN NAME OF DR. NAGENDRA SINGH COLD STORAGE PRIVATE LIMITED SITUATED AT GALA NO. 470, 472, 471K & 475, VILLAGE AWAJPUR, ROSHANABAD ROAD, FATEHGARH, FARRUKHABAD

(GENERAL DETAILS)

Purpose of Valuation

To determine fair market value

Date of Inspection

02.03.2015

List of documents produced for perusal

Copy of Registered Title deed

If property is ownership/ co-ownership, details of share of each owners.

Ownership

Description of the Property/ Title Deed

The valued property is vacant land its about 8 Km from Farrukhabad. There are no constr. At site, no compound wall.

Title Deeds no.	Date	Khasra No.	Land Area
1180	20.01.2015	470, 472, 471K and 475	5887 Sq. Mt.

Location of Property

Plot no. / Khasra no.

470, 472, 471K and 475

Street/ Lane

Village Awajpur

Colony/ Locality

Roshanabad

City

Farrukhabad

Mandal/ District

Farrukhabad Road

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

Institutional

Classification of locality-High/ Middle/ Poor Class Urban/ Semi Urban/ Rural

Middle

Urban

Coming under Corporation limit Village panchayat/ Municipal

Village panchayat

Whether covered under any state/ central Govt. enactment seg. Urban land ceiling act or notified under agency/ scheduled/ cantonment area

No

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

Yes, applied for u/s 143

Boundaries of the property

East side

West side

North side

South side

As per title deed	As per site
Agriculture Form	Tample and Agriculture Form of Ashok Rastogi
Agriculture Form	Agriculture Form
Roshanabad Road	Roshanabad Road
Agriculture Form	Agriculture Form SSS Daddu Inter College

Dimension of Site

East/ West

North/ South

As per title deed	As per site
Not mentioned	Irregular Shape
--	--

Extent of the site

As per title deed	As per site
5887 Sq. Mt.	5887 Sq. Mt.

Whether occupied by the owner / tenant if occupied tenant since how long rent received per month

Occupied by owner

CHARACTERISTICS OF THE SITE

Classification of locality

Ind.

Development of surrounding

Undeveloped

Possibility of frequent flooding

None

Feasibility of civic amenities like school, hospital bus stop, market etc.

Within 6-8 km radius

Level of land with topographical condition

Lower than adjoining road level

Shape of land and utilization of land

Irregular shape

Type of use to which it can be put

Industrial

Any use restriction

No

Is plot is town planning approved layout

No

Corner plot or intermittent plot

Intermittent

Road facilities

Yes

Type of road available at present

Bitumin Road, Roshanabad Road

Width of roads below 20 ft. or more than 20 ft.

About 20ft.

Is it a land locked land

No

Water potentially

Good

Underground sewerage system

NA

Power supply is available at present

No

Advantage of site

The saleability and rental value is good.

General Remark if any

Rates have been arrived on the basis of market survey. On local enquires, they have found that the rates are Rs. 800 to 1200 per Sq. Mt. and D.M. Circle Rate is Rs. 850 per Sq. Mt. or 60 to 100 lacs/ Hect for institutional. Hence Adopted Rate Rs. 1000/- Sq. Mt.

PART A (VALUATION OF LAND)

Type of Land – Non Agri.	Resi. Area	Rate	Resi. Area	Resi. Rate	Total Value	Remark
D.L.C./ Circle value	5887	850	0	0	5.004	DLC Value
Estimated Market Value	5887	1000	0	0	5.887	M Value

PART B (VALUATION OF BUILDING)

TECHNICAL DETAILS OF THE BUILDING

Type of Building

Residential / Commercial/ Industrial

NA

Type of construction

[Load bearing/ RCC/ Steel framed]

--

MISC. [AFTER DEPRECIATION]

Separate toilet room

Nil

Separate lumber room

Nil

Separate water tank

Nil

Trees, gardening

Nil

SERVICES [AFTER DEPRECIATION]

Water supply arrangement

Nil

Drainage arrangement [Septic Tank]

Nil

Compound wall with Main Gate and Railing

Nil

C.B. Deposits, Fittings etc.

Nil

Pavement [Open area flooring]

Nil

Total

Nil

Cost of proposed construction, if any

Nil

SUMMARY OF VALUATION

	As per circle value	Replacement cost
Part A Cost Land	5.004	5.887
Part B Cost of Building	0.000	0.000
Part C Extra Items	0.000	0.000
Part D Amenities	0.000	0.000
Part E Misc.	0.000	0.000
Part F Services	0.000	0.000
Total	5.004	5.887

The overall fair Market Value of Property	Rs. 5.887 Million
Distress sale value	Rs. 4.710 Million
Circle rate value (DLC)	Rs. 5.004 Million

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

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY 

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

No 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. 63.50
UK Pound	1	Rs. 99.17
Euro	1	Rs. 69.39

INFORMATION DETAILS

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

RATING EXPLANATIONS

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

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

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