MIRA INFORM REPORT

Report No. :	324440
Report Date :	09.06.2015

IDENTIFICATION DETAILS

Name :	KIRAN INFRA TECH

Registered Office :	F-445(F) – 441(E), Road No. 12, V.K.I. Area, Jaipur – 302013, Rajasthan
Tel. No.:	91-141-2331030

Country :	India

Date of Incorporation :	19.10.2011

Capital Investment :	Not Divulged

IEC No.:	1314022890

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AALFK6865G

Legal Form :	Partnership Concern with an Unlimited Liability of the Partners

Line of Business :	Manufacturer of Double Walled Corrugated HDPE Pipes and Fittings.

No. of Employees :	21 (Approximately) [In Office: 6 + In Factory: 15]

RATING & COMMENTS

MIRA’s Rating :

Ca (12)

RATING

STATUS

PROPOSED CREDIT LINE

11-25

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

Limited with full security

Status :	Yet to commence its business

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Even though the partnership concern was established on 19^th October, 2011, it is yet to commence its business operations. Mr. Rajesh Pareek, GM in Finance has provided information to us and claimed that concern will start its business operation from July 2015. Payments are reported to be unknown. In view of absence of business operations, the concern 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

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 :	Mr. Rajesh Pareek
Designation :	GM in Finance
Contact No.:	91-9413340817
Date :	05.06.2015

LOCATIONS

Registered Office/ Factory :	F-445(F) – 441(E), Road No. 12, V.K.I. Area, Jaipur – 302013, Rajasthan, India
Tel. No.:	91-141-2331030
Mobile No.:	91-9413340817
Fax No.:	91-141-2331808
E-Mail :	finance@kiraninfra.com
Website :	http://www
Area :	29700 Sq. Ft.
Location :	Owned

PARTNERS

Name :	Mr. Radhey Shyam Gemini
Designation :	Partner
Address :	D-240, Bihari Marg, Bani Park, Jaipur - 302006, Rajasthan, India
Date of Birth/Age :	15.02.1951
Qualification :	B.Sc.
Experience :	40 Years
Profile :	Mr. R.S. Gemini S/o Lt. Mr. B. M. Sharma is founder of “Kiran Group” having industrial experience of more than 35 years. He has sound reputation in industrial groups and is running more than 5 Limited and Private Limited group companies. Mr. R.S. Gemini have expertise knowledge of financial and technical aspects of plastic pipes industry.
PAN No.:	ABIPG1420B

Name :	Mrs. Shakuntala Gemini
Designation :	Partner
Address :	D-240, Bihari Marg, Bani Park, Jaipur - 302006, Rajasthan, India
Date of Birth/Age :	02.02.1958
Qualification :	Matriculate
Experience :	25 Years
Profile :	Mrs. Shakuntala Gemini W/o Mr. Radhey Shyam Gemini also have industrial experience of more than 25 years
PAN No.:	ABRPG5619B

Name :	Mrs. Megha Gemini
Designation :	Partner
Address :	D-240, Bihari Marg, Bani Park, Jaipur - 302006, Rajasthan, India
Date of Birth/Age :	16.02.1980
Qualification :	M.A.
Experience :	10 Years
Profile :	Mrs. Megha Gemini W/o Mr. Ravi Gemini is working in the field of pipe industry from more than 10 years
PAN No.:	AEMPB0318N
Passport No.:	Z1996669

Name :	Mrs. Jayshree Gemini
Designation :	Partner
Address :	D-240, Bihari Marg, Bani Park, Jaipur - 302006, Rajasthan, India
Date of Birth/Age :	20.05.1984
Qualification :	B.A.
Experience :	7 Years
Profile :	Mrs. Jay Shree Gemini W/o Mr. Kapil Gemini also have experience of industry of more than 8 years.
PAN No.:	AKDPM9491N

KEY EXECUTIVES

Name :	Mr. Rajesh Pareek
Designation :	GM in Finance

BUSINESS DETAILS

Line of Business :	Manufacturer of Double Walled Corrugated HDPE Pipes and Fittings.

Products/ Services :	Double Walled Corrugated HDPE Pipes and Fittings

Brand Names :	--

Agencies Held :	--

Exports :	--

Imports :	--

Terms :
Selling :	Others

Purchasing :	L/C and Credit (90 Days)

PRODUCTION STATUS

Particulars	Installed Capacity

Double walled corrugated HDPE Pipes and Fittings	491.4 KMS per annum

GENERAL INFORMATION

Suppliers :

SR. NO.	NAME OF SUPPLIER	ADDRESS	TEL. NO.	CONTACT PERSON

1.	Haldia Petrochemicals Limited	Auckland Place, Kolkata – 700017, West Bengal, India	Mr. Vijay Sahay	91-9929605152

2.	Indian Oil Corporation Limited	Polymer Terminal, PNCP, Village Bal Jataan Panipat – 132140, Haryana, India	Mr. Ramesh Chamoli	91-9414040997

Reference:	Gail India Limited
Address:	U.P. Petrochemical Complex Pata, District Auraiya – 206241, Uttar Pradesh, India
Name of the Person (Designation):	Mr. R.C. Maheshwari
Contact Number:	91-9649564000
Since how long known:	5 Years (Tirupati Plastomatics Private Limited)
Maximum limit dealt:	--
Experience:	Payment Behaviour: Good Market Goodwill: Good Overall: Good
Remark	No Complaints

Reference:	Reliance Industries Limited
Address:	1^st Floor, Saffron Tower, Near Panchwati, Ambawadi, Ahmedabad – 380006, Gujarat, India
Name of the Person (Designation):	Mr. Hari Prakash Gupta
Contact Number:	91-9928100811
Since how long known:	About 7 Years (Tirupati Plastomatics Private Limited)
Maximum limit dealt:	Upto Rs. 30.000 Million (Per Month)
Experience:	Payment Behaviour: Excellent Market Goodwill: Excellent Overall: Excellent
Remark	No complints, very good company and very much happy with the customer

Customers :

End Users

SR. NO.	NAME OF CUSTOMER	ADDRESS	TEL. NO.	CONTACT PERSON

1	Pratibha Group of Companies	Universal Majestic, 13^th and 14^th Floor, Off. Eastern Express Highway, P.L. Lokhande Marg, Ghatkopar Mankhurd Link Road, Behind RBK International School, Govandi, Mumbai – 400043, Maharashtra, India	91-22-39559852	Poonam Golatkar

2	L & T Construction	Waste Water BU, Manapakkam, Chennai, Tamilnadu, India	91-44-22704887	M. Vijayalakshmi

3	TATA Consulting Engineers	Ground Floor, Tower B and C, Plot No. B9A, Sector 62, Noida, Uttar Pradesh, India	91-120-6196243	Parinita Velekar (Assistant Manager)

4	Passavant Energy and Environment India Private Limited	632-634, 6^thFloor, BPTP Park Centra-Tower-B Building, Sector 30, Gurgaon – 122003, Haryana, India	91-124-4691600	Banti Johnson (Proposal Engineer)

Reference:	Optimec Solutions Infrastructure and Storage
Address:	At 202, Sankalp Square-II, Near Chirag Motors Cross Roads, Near Jalaram Temple Railway Crossing, Ellisbridge, Ahmedabad – 380006, Gujarat, India
Name of the Person (Designation):	Mr. Rahul
Contact Number:	91-9726688833
Since how long known:	3 Years (Tirupati Plastomatics Private Limited)
Maximum limit dealt:	--
Experience:	Product Quality: Excellent Delivery Behaviour: Good Overall: Good
Remark	No complaints basically a good company.

No. of Employees :

21 (Approximately) [In Office: 6 + In Factory: 15]

Bankers :

Bank Name:	Allahabad Bank
Branch:	Ambabari Branch, Jaipur, Rajasthan, India
Person Name (with Designation):	Mr. Sant Lal Guarava (Chief Manager)
Contact Number:	91-9660982727
Name of Account Holder:	Kiran Infra Tech
Account Number:	--
Account Since (Date/ Year of A/c Opening):	December, 2014
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	No Facilities
Account Operation:	--
Remarks: Satisfied

Facilities :

Auditors :

Name :

O.P. Agrawal

Chartered Accountant

Address :

IInd and IIIrd Floor, H-8, Chitranjan Marg, C-Scheme, Jaipur, Rajasthan, India

Tel. No.:

91-141-2372627/ 4190000

Fax No.:

91-141-2372628

E-Mail:

opa@caopagrawal.com

Memberships :

Collaborators :

Sister Concerns :

Name of Company	Address	Activity/ Line of Business

Kiran Infra Engineers Limited	B-141, Road No. 9-D, VKI Area, Jaipur, Rajasthan, India	Manufacturing of Railway Signaling Items and Execution of Railway Turkey Projects

Kiran Infra Ispat Limited	F-947 to 949, E-292, Road No. 14, VKI Area, Jaipur, Rajasthan, India	Manufacturing of TMT Bar.

Tirupati Plastomatics Private Limited	B-141(A), Road No.9-D, VKI Area, Jaipur, Rajasthan, India	Manufacturing of Cables and DWC Pipes

CAPITAL STRUCTURE

Capital Investment :
Owned :	Not Divulged
Borrowed :	Not Divulged
Total :	--

FINANCIAL DATA

[all figures are in Rupees Millions]

NOT AVAILABLE

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

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	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	Yes
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	Yes
23	Financials, if provided	Yes
24	Capital in the business	No
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	No
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

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

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLION)

PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20	2020-21
PARTICULARS	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)

1. Gross sales – (i) Sales	102.162	204.324	238.378	255.405	272.432	272.432

(ii) Other income	--	--	--	--	--	--

Add: Other revenue income	--	--	--	--	--	--

Total	102.162	204.324	238.378	255.405	272.432	272.432

2. Less: Excise duty	--	--	--	--	--	--

Deduct: Other items VAT	--	--	--	--	--	--

3. Net Sales (Item 1 – Item 2)	102.162	204.324	238.378	255.405	272.432	272.432

4. % age rise (+) or fall (-) in net sales as compared to previous year (annualised)	NA	100.00%	16.67%	7.14%	6.67%	0.00%

5. Cost of sales

i. Raw materials (including stores and spares and other items used in the process of manufacture)	84.990	153.631	178.900	191.942	205.070	203.860

a. Stock Adj. in Raw material	9.143	1.936	1.922	2.323	2.810	1.600

b. Indigenous	75.848	151.695	176.978	189.619	202.260	202.260

ii. Other consumables	0.369	0.737	0.860	0.921	0.983	0.983

a. Imported	--	--	--	--	--	--

b. Indigenous	0.369	0.737	0.860	0.921	0.983	0.983

iii. Power and Fuel	8.701	17.403	20.303	21.753	23.204	23.204

iv. Direct labour (other processing cost)	0.570	1.426	1.568	1.725	1.897	2.087

v. Other mfg. expenses	0.000	--	--	--	--	--

vi. Depreciation	10.610	9.023	7.673	6.525	5.549	4.719

vii. Sub-Total (i to vi)	105.240	182.219	209.304	222.867	236.703	234.853

viii. Add: Opening stocks-in-process	--	1.269	1.563	1.860	2.358	2.759

Sub-total	105.240	183.487	210.867	224.727	239.061	237.612

ix. Deduct: Closing stocks-in-process	1.269	1.563	1.860	2.358	2.759	2.959

x. Cost of Production	103.972	181.924	209.006	222.369	236.302	234.653

xi. Add: Opening stock of finished goods	--	7.874	9.515	11.140	12.965	15.374

Sub-total	103.972	189.798	218.522	233.509	249.267	250.027

xii. Deduct: Closing stock of finished goods	7.874	9.515	11.140	12.965	15.374	16.774

xiii. Sub-total (Total cost of sales)	96.098	180.283	207.382	220.544	233.893	233.253

Gross profit	6.064	24.041	30.996	34.861	38.539	39.179

6. Selling, general and adm. Expenses	2.001	4.097	4.711	5.080	5.460	5.597

7. Sub-total (5+6)	98.099	184.380	212.092	225.623	239.353	238.850

8. Operating profit before interest (3-7)	4.063	19.944	26.286	29.782	33.079	33.582

9. Interest	5.178	6.921	6.139	5.146	4.117	3.088

10. Operating profit after interest (8-9)	(1.115)	13.023	20.147	24.636	28.962	30.494

11. i. Add other non-operating income

a. Interest/ discount received	0.000	0.000	0.000	0.000	0.000	0.000

b. Miscellaneous income	--	--	--	--	--	--

c. Income from sale of dolochar	--	--	--	--	--	--

d. Previous year adjustments	--	--	--	--	--	--

Sub-total (income)	--	--	--	--	--	--

ii. Deduct other non-operating expenses

a. Amount written off	--	--	--	--	--	--

b. Other miscellaneous expenses	--	--	--	--	--	--

c. Loss on sale of assets	--	--	--	--	--	--

Sub-total (expenses)	--	--	--	--	--	--

iii. Net of other non-operating income/ expenses	--	--	--	--	--	--

12. Profit before tax/ loss (10+11(iii))	(1.115)	13.023	20.147	24.636	28.962	30.494

13.a. Provision for taxes	--	3.680	6.225	7.613	8.949	9.423

13.b. Provision for deferred tax	--	--	--	--	--	--

14. Net profit/ loss (12-13)	(1.115)	9.343	13.921	17.023	20.013	21.071

15. a. Equity dividend paid	1.500	2.400	3.600	4.800	6.000	7.200

b. Dividend rate	(134%)	26%	26%	28%	30%	34%

16. Retained profit (14-15)	--	6.943	10.321	12.223	14.013	13.871

17. Retained profit/ net profit (% age)	0%	74%	74%	72%	70%	66%

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

ANALYSIS OF BALANCE SHEET

(RS. IN MILLION)

PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20	2020-21
PARTICULARS	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)

CURRENT LIABILITIES

1. Short term borrowings from banks (including bills purchased, discounted and excess borrowings placed on repayment basis)
(I) From other bank CCSDL	--	--	--	--	--	--

(II) From applicant banks C/C	20.000	20.000	20.000	20.000	20.000	20.000

Sub-total (A)	20.000	20.000	20.000	20.000	20.000	20.000

2. Short term borrowings from others	--	--	--	--	--	--

3. Sundry Creditors (Trade)	--	--	--	--	--	--

4. Advance payments from customers / deposits from dealers	--	--	--	--	--	--

5. Provision for taxation	--	--	--	--	--	--

6. Creditors for capital goods	--	--	--	--	--	--

7. Other statutory liabilities (due within one year)	--	--	--	--	--	--

8. Deposits/installments of term loans / DPGS / Debentures, etc. (due within one year)	--	--	--	--	--	--

9. Other current liabilities and provisions (due within one year	2.786	3.212	3.445	3.681	3.724	3.824
a. Creditors for services and expenses	2.786	3.212	3.445	3.681	3.724	3.824
b. Other current liabilities and provisions	--	--	--	--	--	--
c. Other current liabilities	--	--	--	--	--	--

Other current liabilities [Sub-total (B)]	2.786	3.212	3.445	3.681	3.724	3.824

10. Total current liabilities (total of 1 to 9 excl 1(iii))	22.786	23.212	23.445	23.681	23.724	23.824

TERM LIABILITIES

11. Debentures (Not maturing within one year)	--	--	--	--	--	--

12. Preference Shares (redeemable after one year)	--	--	--	--	--	--

13. Term Loans	51.800	43.400	35.000	26.600	18.200	9.800

14. Deferred Payment Credits (excluding installments due within one year)	--	--	--	--	--	--

15. Unsecured loans (repayable after 1 year)	--	--	--	--	--	--

16. Other term liabilities (Dealership security)	--	--	--	--	--	--

17. TOTAL TERM LIABILITES	51.800	43.400	35.000	26.600	18.200	9.800
17.a. Inter Unit Balance	--	--	--	--	--	--

18. Total outside liabilities (item 10+17)	74.586	66.612	58.445	50.281	41.924	33.624

NET WORTH

19. Ordinary share capital	49.667	49.667	49.667	49.667	49.667	49.667

20. General Reserve	--	--	--	--	--	--

21. Deposit from directors and shareholders	--	--	--	--	--	--

22. Other reserves	--	--	--	--	--	--

23. Surplus (+) or Deficit (-) in Profit and Loss Account	(2.615)	4.328	14.650	26.873	40.886	54.757

23.a. Others - reserves	--	--	--	--	--	--

23.b. Investment allowance reserve (Capital subsidy)	1.500	1.500	1.500	1.500	1.500	1.500

24. NET WORTH	48.552	55.495	65.817	78.040	92.053	105.924

25. TOTAL LIABILITIES	123.138	122.108	124.262	128.321	133.977	139.548

CURRENT ASSETS

26. Cash and bank balances	3.646	5.226	9.192	14.616	19.011	25.502

27. Investments (Other than long term investments)	5.500	5.500	5.500	5.500	5.500	5.500
i. Fixed deposits (NSC)	--	--	--	--	--	--
ii. Other fixed deposits with bank	5.500	5.500	5.500	5.500	5.500	5.500

28.a. Receivables other than deferred & export (including bills purchased and discounted by banks)	18.438	21.611	24.097	26.784	29.184	30.584

b. Export Receivables (including bills purchased and discounted by banks)	--	--	--	--	--	--

29. Installments of deferred receivables (due within one year)	--	--	--	--	--	--

30. Inventory	16.164	19.403	22.777	26.752	31.162	33.562
i. Raw Materials (including stores and other items used in the process of manufacture)	7.022	8.325	9.777	11.429	13.029	13.829
- Imported	--	--	--	--	--	--
- Indigenous	7.022	8.325	9.777	11.429	13.029	13.829
ii. Stock in process	1.269	1.563	1.860	2.358	2.759	2.959
iii. Finished goods	7.874	9.515	11.140	12.965	15.374	16.774
iv. Finished goods at site agst. Adv. Paid to supplier	--	--	--	--	--	--

31. Advances to suppliers of Raw Materials	--	--	--	--	--	--

32. Advance payment of Taxes	--	--	--	--	--	--

33. Other Current Assets	--	--	--	--	--	--

34. TOTAL CURRENT ASSETS (total of 26 to 33)	43.748	51.740	61.567	73.651	84.857	95.147

FIXED ASSETS

35. Gross block (land and building, machinery, work-in-process)	83.500	83.500	83.500	83.500	83.500	83.500

36. Depreciation to date	10.610	19.633	27.305	33.830	39.379	44.099

37. NET BLOCK (35-36)	72.890	63.868	56.195	49.670	44.121	39.401

OTHER NON CURRENT ASSETS

38. Investments / Book debts / Advances/ Deposits which are not Current Assets	6.500	6.500	6.500	5.000	5.000	5.000

i. a. Investments in Subsidiary Companies / Affiliates	--	--	--	--	--	--

b. Others (amount enmarked for future expansion)	--	--	--	--	--	--

ii. Advances to suppliers of capital goods and contractors	--	--	--	--	--	--

iii. Fixed deposits (LC, BG, Margin, CLCSS FD)	1.500	1.500	1.500	--	--	--

iv. Others – Debtors>6 Months	5.000	5.000	5.000	5.000	5.000	5.000
- Security deposit	5.000	5.000	5.000	5.000	5.000	5.000
- Any other Non-current deposits (Statutory)	--	--	--	--	--	--

39. Non Consumable Stores & Spares	--	--	--	--	--	--

40. Other non-current assets (including dues from Directors)	--	--	--	--	--	--

41. TOTAL OTHER NON-CURRENT ASSETS	6.500	6.500	6.500	5.000	5.000	5.000

42. INTANGIBLE ASSETS (Patents, Goodwill, Preliminary expenses, Bad/ Doubtful expenses not provided for, etc.)	--	--	--	--	--	--

43. TOTAL ASSETS (34+37+41+42)	123.138	122.108	124.262	128.321	133.977	139.548

44. TANGIBLE NET WORTH (24-42)	48.552	55.495	65.817	78.040	92.053	105.924

45. NET WORKING CAPITAL (17+24) – (37+41+42)	20.962	28.528	38.122	49.971	61.133	71.323

46. CURRENT RATIO

47. Total outside liabilities/ tangible net worth	1.92	2.23	2.63	3.11	3.58	3.99

48. Total term liabilities/ tangible net worth	1.54	1.20	0.89	0.64	0.46	0.32

Note: If unsecured loan consider as Quasi Capital then TOL/ TNW and TTL/TNW as under:
47. Total outside liabilities/ Tangible net worth	1.54	1.20	0.89	0.64	0.46	0.32
48. Total term liabilities/ Tangible net worth	1.07	0.78	0.53	0.34	0.20	0.09

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

COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

(RS. IN MILLION)

PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20	2020-21
PARTICULARS	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)

I. CURRENT ASSETS

1. Raw materials including stores and other items used in the process of manufacturing

a. Imported: Amount	--	--	--	--	--	--
: Month’s consumption	--	--	--	--	--	--

b. Indigenous: Amount	7.022	8.325	9.777	11.429	13.029	13.829
: Month’s consumption	1.11	0.66	0.66	0.72	0.77	0.82

2. Other consumable spares, excludg. Those included in(1) above

a. Imported: Amount	--	--	--	--	--	--
: Month’s consumption	--	--	--	--	--	--

b. Indigenous: Amount	--	--	--	--	--	--
: Month’s consumption	--	--	--	--	--	--

3. Stocks-in-process: Amount	1.269	1.563	1.860	2.358	2.759	2.959
: Month’s cost of production	0.15	0.10	0.11	0.13	0.14	0.15
4. Finished goods: Amount	7.874	9.515	11.140	12.965	15.374	16.774
: Month’s cost of sales	0.98	0.63	0.64	0.71	0.79	0.86
5. Receivables other than export and deferred receivables (including bills purchased and discounted by bank)
: Amount	18.438	21.611	24.097	26.784	29.184	30.584
: Month’s domestic sales (including deferred payment sales)	2.17	1.27	1.21	1.26	1.29	1.35
6. Export receivables (Including bills purchased and disc.)
: Amount	0.000	0.000	0.000	0.000	0.000	0.000
: Month’s export sales	--	--	--	--	--	--
7. Advance to suppliers of materials and stores/ spares, consumables	0.000	0.000	0.000	0.000	0.000	0.000
: Month’s consumption	--	--	--	--	--	--
8. Other current assets including cash and bank balances and deferred receivables due within one year	9.146	10.726	14.692	20.116	24.511	31.002
: Cash and bank balances	3.646	5.226	9.192	14.616	19.011	25.502
: Investment except long-term investment of def. receivables	5.500	5.500	5.500	5.500	5.500	5.500
: Others	0.000	0.000	0.000	0.000	0.000	0.000
9. Total Current Assets	43.748	51.740	61.567	73.651	84.857	95.147

II. CURRENT LIABILITIES
(Other than bank borrowing for working capital)

10. Creditors for purchase of raw materials, stores and consumable spares
: Amount	--	--	--	--	--	--
: Month’s purchase	--	--	--	--	--	--
11. Advance from customers	--	--	--	--	--	--
12. Statutory liabilities	--	--	--	--	--	--
13. Other current liabilities
a. S T borrowings-others	--	--	--	--	--	--
b. Dividend payable	--	--	--	--	--	--
c. Instalments of TL, DPS and public deposits	--	--	--	--	--	--
d. Other current liabilities and provisions	2.786	3.212	3.445	3.681	3.724	3.824
14. Total	2.786	3.212	3.445	3.681	3.724	3.824

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

COMPUTATION OF ASSESSED BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLION)

PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20	2020-21
PARTICULARS	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)

ASSESSED BANK FINANCE

1. Total current assets	43.748	51.740	61.567	73.651	84.857	95.147

2. Other current liabilities (other than bank borrowing)	2.786	3.212	3.445	3.681	3.724	3.824

3. Working capital gap	40.962	48.528	58.122	69.971	81.133	91.323

5. Asses Bank Finance	20.962	28.528	38.122	49.971	61.133	71.323

6. NWC to Total current assets %	47.91	55.14	61.92	67.85	72.04	74.96

7. Bank Finance to TCA %	45.72	38.65	32.49	27.15	23.57	21.02

8. Sundry Credits to TCA %	0.00	0.00	0.00	0.00	0.00	0.00

9. Other current liability to Total current assets %	6.37	6.21	5.60	5.00	4.39	4.02

10. Inventory to net sales (Days)	58	35	35	38	42	45

11. Receivables to Gross sales (Days)	66	39	37	38	39	41

12. Sundry creditors to Purchases (Days)	--	--	--	---	--	--

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FUND FLOW STATEMENT

(RS. IN MILLION)

PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20	2020-21
PARTICULARS	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)

1. SOURCES

[a] Net profit (after tax)	(1.115)	9.343	13.921	17.023	20.013	21.071

[b] Depreciation	10.610	9.023	7.673	6.525	5.549	4.719

[c] Increase in Capital	49.667	0.000	0.000	0.000	0.000	0.000

[d] Increase in Term Liabilites (including Public deposits)	51.800	0.000	0.000	0.000	0.000	0.000

[e] Decrease in
[i] Fixed Assets	0.000	0.000	0.000	0.000	0.000	0.000
[ii] Other non-current Assets	0.000	0.000	0.000	0.000	0.000	0.000

[f] Others	1.500	0.000	0.000	0.000	0.000	0.000

[g] Total	112.462	18.366	21.594	25.049	25.562	25.791

2. USES

[a] Net Loss	--	--	--	--	--	--

[b] Decrease in term liabilities (Including public deposits)	0.000	8.400	8.400	8.400	8.400	8.400

[c] Increase in
[i] Fixed assets	83.500	0.000	0.000	0.000	0.000	0.000
[ii] Depreciation adjustment	0.000	0.000	0.000	0.000	0.000	0.000
[iii] Other non-current Assets	6.500	0.000	0.000	0.000	0.000	0.000

[d] Dividend payment	1.500	2.400	3.600	4.800	6.000	7.200

[e] Others	0.000	0.000	0.000	0.000	0.000	0.000

[f] Total	91.500	10.800	12.000	13.200	14.400	15.600

3. Long Term Surplus / Deficit	20.962	7.566	9.594	11.849	11.162	10.191

4. Increase/ Decrease in current assets * (As per details given below)	43.748	7.992	9.827	12.085	11.205	10.291

5. Increase/ Decrease in current Liabilities other than bank borrowings	2.786	0.426	0.233	0.236	0.043	0.100

6. Increase/ Decrease in working capital Gap	40.962	7.566	9.594	11.849	11.162	10.191

7. Net Surplus (+) / deficit (-)	(20.000)	0.000	0.000	0.000	0.000	0.000

8. Increase/ Decrease in Bank Borrowings	20.000	--	--	--	--	--

INCREASE/ DECREASE IN NET SALES	102.162	102.162	34.054	17.027	17.027	0.000

* Break up of (4)

[i] Increase/ Decrease in Raw materials	7.022	1.304	1.452	1.652	1.600	0.800

[ii] Increase/ Decrease in Stock in process	1.269	0.294	0.298	0.498	0.401	0.200

[iii] Increase/ Decrease in finished goods	7.874	1.641	1.625	1.825	2.409	1.400

[iv] Increase/ Decrease in Receivables
[a] Domestic	18.438	3.173	2.487	2.687	2.400	1.400
[b] Export	--	--	--	--	--	--

[v] Increase/ Decrease in stores and spares	--	--	--	--	--	--

[vi] Increase/ Decrease in other Current Assets	9.146	1.580	3.966	5.423	4.395	6.491

Total	43.748	7.992	9.827	12.085	11.205	10.291

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

FINANCIAL INDICATORS

(RS. IN MILLION)

PARTICULARS	2015-16	2016-17	2017-18	2018-19	2019-20	2020-21
PARTICULARS	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)	(Projected)

1. Net Sales	102.162	204.324	238.378	255.405	272.432	272.432

1.a. Operating profit	4.063	19.944	26.286	29.782	33.079	33.582

2. Profit before tax	(1.115)	13.023	20.147	24.636	28.962	30.494

2.a. PBT/ Net Sales (%)	(1.09%)	6.37	8.45	9.65	10.63	11.19

3. Profit after tax	(1.115)	9.343	13.921	17.023	20.013	21.071

4. Paid up capital	49.667	49.667	49.667	49.667	49.667	49.667

4.a. Cash Accruals	7.995	15.966	17.994	18.748	19.562	18.591

5. Tangible Net worth	48.552	55.495	65.817	78.040	92.053	105.924

6. Total outside liability	74.586	66.612	58.445	50.281	41.924	33.624

7. TOL/ TNW	1.54	1.20	0.89	0.64	0.46	0.32

7.a. Adjusted TNW	48.552	55.495	65.817	78.040	92.053	105.924

7.b. TOL/ Adj. TNW	0.154	0.120	0.089	0.064	0.046	0.032

8. Total current assets	43.748	51.740	61.567	73.651	84.857	95.147

8.a. Total tangible assets	123.138	122.108	124.262	128.321	133.977	139.548

9. PBT/TTA (%)	(0.91%)	10.67%	16.21%	19.20%	21.62%	21.85%

10. Operating expenses	98.099	184.380	212.092	225.623	239.353	238.850

11. Operating expenses/ Net sales (%)	96.02%	90.24%	88.97%	88.34%	87.86%	87.67%

12. Cost of sales/ Net sales (%)	94.06%	88.23%	87.00%	86.35%	85.85%	85.62%

13. Depreciation	10.610	9.023	7.673	6.525	5.549	4.719

14. Interest	5.178	6.921	6.139	5.146	4.117	3.088

15. Net working capital	20.962	28.528	38.122	49.971	61.133	71.323

16. Inventory + Receivables	34.602	41.014	46.875	53.536	60.346	64.146

17. Assessed bank finance	20.000	20.000	20.000	20.000	20.000	20.000

18.PBDIT	14.673	28.967	33.958	36.307	38.628	38.301

19. PBDIT/ Intt.	0.283	0.419	0.553	0.706	0.938	1.240

20. PBDIT/ TTA	1.192	0.223	0.263	0.311	0.358	0.399

21. Purchases	92.380	155.671	181.212	194.515	207.653	205.643

22. Sundry creditors	0.000	0.000	0.000	0.000	0.000	0.000

23. TOL/ TNW	0.154	0.120	0.089	0.064	0.046	0.032

24. CA/ CL	0.192	0.223	0.263	0.311	0.358	0.399

25. Bank Finance/ TCA (%)	45.72	38.65	32.49	27.15	23.57	21.02

26. Gross Sales/ Total current assets	2.34	3.95	3.87	3.47	3.21	2.86

27. Operating profit/ Net sales (%)	3.98	9.76	11.03	11.66	12.14	12.33

28. Operating profit/ TTA (%)	3.30	16.33	21.15	23.21	24.69	24.06

29. Operating profit/ TNW (%)	8.37	35.94	39.94	38.16	35.93	31.70

30. Operating profit/ Gross Fixed Assets (%)	4.87	23.89	31.48	35.67	39.62	40.22

EFFICIENCY RATIOS

1. Net sales to TTA (times)	0.83	1.67	1.92	1.99	2.03	1.95

2. PBT to TTA (%)	(0.91)	10.67	16.21	19.20	21.62	21.85

3. Operating costs to sales (%)	96.02	90.24	88.97	88.34	87.86	87.67

4. Bank finance to TCA (%)	45.72	38.65	32.49	27.15	23.57	21.02

5. Inventory + Receivables to net sales (days)	124	73	72	77	81	86

A. Assessed Bank Finance	20.000	20.000	20.000	20.000	20.000	20.000

B. CA/CL	1.92	2.23	2.63	3.11	3.58	3.99

C. TOL/ TNW	1.54	1.20	0.89	0.64	0.46	0.32

D. PBDIT/ Intt.	2.83	4.19	5.53	7.06	9.38	12.40

E. Net Profit/ Net Sales (%)	(1.09)	4.57	5.84	6.67	7.35	7.73

F. (PBDIT/ TTA) ROCE	11.92	23.72	27.33	28.29	28.83	27.45

G. (Inventory + Receivable)/ Net Sales (Days)	124	73	72	77	81	86

H. PBDIT/ Net Sales	14.36	14.18	14.25	14.22	14.18	14.06

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

PROFILE

They are part of industrial group that is known as Kiran group having their interest in various fields as under:-

i. Manufacturing of HDPE DWC Pipes

ii. Manufacturing of Copper and Aluminum cables for use of Indian Railways and Electricity Boards,

iii. Execution of Project on Turnkey basis of Railway signaling, civil works, etc.

iv. Manufacturing of TMT Bars.

They have constituted a partnership firm in the name of Kiran Infra Tech, registered under partnership act, 1932. They proposed to manufacturing of HDPE-DWC pipes, to be used in sewerage system, drainage system and other similar infrastructure project.

Promoters of Project

Their partnership firm constituted by Mr. R.S. Gemini, founder of Kiran Group with Mrs. Shakuntala Gemini, Mrs. Megha Gemini and Mrs. Jai Shree Gemini, who are promoters of the project.

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

NETWORTH STATEMENT

MRS. SHAKUNTALA GEMINI

(RS. IN MILLIONS)

DETAILS OF ASSETS

IMMOVABLE PROPERTY

a. Details of Immovable Properties owned

S. No.	Nature of Property	Location	Value (in Million)	Realizable Value (in Million)	Freehold/ Leasehold

1.	Land	Kuker khera	0.005	1.750	Freehold

2.	Land	Mahalaxmi nagar	0.225	2.500	Freehold

3.	Plot	Housing colony	1.303	3.500	Freehold

4.	Plot	Ambabari	3.225	17.500	Freehold

5.	Land	Nindar	0.252	1.100	Freehold

6.	Land	Agricultural Jaisalya	10.591	24.000	Freehold

7.	Office Premises	C-Scheme, Jaipur	18.918	35.000	Freehold

8.	Land	Mathura	1.797	3.500	Freehold

9.	Land	RIICO Housing Colony	0.726	3.000	Leasehold

			Total (A)	91.850

MOVABLE PROPERTY

i) Shares/ Debentures/ Mutual Fund, etc.

S. No.	Name of entity	Nature of entity	No. of shares/ holding	Value of Shares

1.	Bank of Baroda	Company	745	0.118

2.	Bank of India	Company	600	0.123

3.	IDBI Bank Limited	Company	2112	0.144

4.	Reliance Power Limited	Company	25	0.001

5.	Tourism Finance Corporation of India Limited	Company	100	0.007

			Total	0.393

ii.

Capital Invested in business Name of firm/ Company (as on latest Balance Sheet)

Kiran Infra Tech

12.417

iii. Other Investments/ assets (give full details):

Capital invested in group concern

SR.NO.	NAME OF ENTITY	NATURE OF ENTITY	NO. OF SHARES/ HOLDING	VALUE OF SHARES (RS. IN MILLION)
1.	Kiran Infra Engineers Limited	Company	193318	1.933

2.	Kiran Infra Ispat Limited	Company	100000	1.000

3.	Tirupati Plastics Private Limited	Company	73164	7.316

4.	Kanuha Infra Engineers Private Limited	Company	50000	5.000

			Total	15.249

Others

Name of Property	Value
Loans and Advances and Debtors	66.318

LEGAL HEIRS DETAILS

SR. NO.	NAME	RELATION	AGE	ADDRESS

1.	R.S. Gemini	Husband	63 Years	D-240, Bihari Marg, Bani Park, Jaipur - 302006, Rajasthan, India

2.	Ravi Gemini	Son	38 Years

3.	Kapil Gemini	Son	35 Years

4.	Pragyan	Grand Son	14 Years

5.	Vinayak	Grand Son	8 Years

6.	Rudransh	Grand Son	7 Years

7.	Vaishnavi	Grand Daughter	2 Years

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

NETWORTH STATEMENT

MR. RADHEY SHYAM GEMINI

(RS. IN MILLIONS)

BANK A/C

BANK

BRANCH

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

PRESENT BALANCE

LAST 6 MONTH AVG. BAL.

SBBJ

Commercial

51014052273

0.647

DETAILS OF ASSETS

IMMOVABLE PROPERTY

a. Details of Immovable Properties owned

S. No.	Nature of Property	Location	Value (in Million)	Realizable Value (in Million)	Freehold/ Leasehold

1.	Residential House	D-240, Bani Park, Jaipur, Rajasthan, India	3.550	48.000	Freehold

2.	Flat	Delhi	1.100	2.500	Freehold

3.	Plot	Shiv Shakti Nagar	0.669	2.500	Freehold

4.	Land	Mahalaxmi Nagar	0.110	2.500	Freehold

5.	Plot	Kukar Kheda	0.005	2.000	Freehold

6.	Show Room	Gourav Tower, Jaipur	10.010	37.500	Leasehold

			Total	95.000

MOVABLE PROPERTY

i) Shares/ Debentures/ Mutual Fund, etc.

S. No.	Name of entity	Nature of entity	No. of shares/ holding	Value of Shares

1.	Cola India Limited	Company	199	0.073

2.	NHPC Limited	Company	713	0.014

3.	Power Grid Corp.	Company	297	0.042

4.	Reliance Power	Company	27	0.001

5.	Videocon Industries	Company	3	0.000

			Total	0.130

ii.

Capital Invested in business Name of firm/ Company (as on latest Balance Sheet)

Kiran Infra Tech

12.417

iii. Other Investments/ assets (give full details):

Capital invested in group concern

SR.NO.	NAME OF ENTITY	NATURE OF ENTITY	NO. OF SHARES/ HOLDING	VALUE OF SHARES (RS. IN MILLION)
1.	Kiran Infra Engineers Limited (as HUF Karta)	Company	3808360	38.083

2.	Kiran Infra Ispat Limited	Company	4185800	41.858

3.	Tirupati Plastomatics Private Limited	Company	73164	0.732

4.	Kanuha Engineers Private Limited	Company	50000	0.500

5.	Equity Forgings Private Limited	Company	102280	1.023

			Total	82.196

Others

Particulars	Value
Loans and Advances and Debtors	0.040

LEGAL HEIRS DETAILS

SR. NO.	NAME	RELATION	AGE	ADDRESS

1.	R.S. Gemini	Husband	63 Years	D-240, Bihari Marg, Bani Park, Jaipur - 302006, Rajasthan, India

2.	Ravi Gemini	Son	38 Years

3.	Kapil Gemini	Son	35 Years

4.	Pragyan	Grand Son	14 Years

5.	Vinayak	Grand Son	8 Years

6.	Rudransh	Grand Son	7 Years

7.	Vaishnavi	Grand Daughter	2 Years

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

NETWORTH STATEMENT

MRS. MEGHA GEMINI

(RS. IN MILLIONS)

BANK A/C

BANK

BRANCH

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

PRESENT BALANCE

LAST 6 MONTH AVG. BAL.

SBBJ

Commercial

51014052251

0.341

0.000

DETAILS OF ASSETS

IMMOVABLE PROPERTY

a. Details of Immovable Properties owned

ASSETS	OWN/ JOINT NAME	AREA	FREE FOR LEASEHOLD	LOCATION ADDRESS	Purchase Cost	PRESENT VALUE	WHETHER ENCUMBERED

Agricultural Land	Own	--	Freehold	Badharna	0.480	2.800	--

MOVABLE PROPERTY

i) Shares/ Debentures/ Mutual Fund, etc.

S. No.	Name of entity	Nature of entity	No. of shares/ holding	Value of Shares

1.	Cola India Limited	Company	199	0.073

2.	NHPC Limited	Company	713	0.013

3.	Power Grid Corp.	Company	297	0.042

4.	Reliance Power	Company	27	0.001

			Total	0.129

ii.

Capital Invested in business Name of firm/ Company (as on latest Balance Sheet)

Kiran Infra Tech

12.417

iii. Other Investments/ assets (give full details):

Capital invested in group concern

SR.NO.	NAME OF ENTITY	NATURE OF ENTITY	NO. OF SHARES/ HOLDING	VALUE OF SHARES (RS. IN MILLION)

1.	Kiran Infra Engineers Limited	Company	61840	0.618

2.	Kiran Infra Ispat Limited	Company	10000	0.100

3.	Tirupati Plastics Private Limited	Company	18000	1.800

4.	Prateek Agropipes Private Limited	Company	5000	0.050

5.	Sungold Enterprises Private Limtied	Company	5000	0.050

6.	Equity Forging Private Limited	Company	30810	0.308

			Total	2.926

LIABILITIES

As Borrower:

BORROWED FROM	PURPOSE OF LOAN	AMOUNT OF LOAN	SECURITY	REPAYMENT TERMS	OUTSTANDING BALANCE

Borrowing from other party	--	--	--	--	2.800

LEGAL HEIRS DETAILS

SR. NO.	NAME	RELATION	AGE	ADDRESS
1.	Ravi Gemini	Husband	38 Years	D-240, Bihari Marg, Bani Park, Jaipur - 302006, Rajasthan, India

2.	Pragyan	Son	14 Years

3.	Vinayak	Son	8 Years

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

NETWORTH STATEMENT

MRS. JAYSHREE GEMINI

(RS. IN MILLIONS)

BANK A/C

BANK

BRANCH

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

PRESENT BALANCE

LAST 6 MONTH AVG. BAL.

BOB

VKI

7100100011899

3.217

DETAILS OF ASSETS

MOVABLE PROPERTY

JEWELRY

PARTICULARS

QUANTITY

VALUATION (APPROX.)

Gold

0.550

Silver

0.300

Capital Invested in business Name of firm/ Company (as on latest Balance Sheet)

Kiran Infra Tech

12.417

ii. Other Investments/ assets (give full details):

Capital invested in group concern

SR.NO.	NAME OF ENTITY	NATURE OF ENTITY	NO. OF SHARES/ HOLDING	VALUE OF SHARES (RS. IN MILLION)
1.	Kiran Infra Ispat Limited	Company	395000	3.950

2.	Kannha Cables Private Limited	Company	489700	4.897

			Total	8.847

LEGAL HEIRS DETAILS

SR. NO.	NAME	RELATION	AGE	ADDRESS

1	Kapil Gemini	Husband	35 Years	D-240, Bihari Marg, Bani Park, Jaipur - 302006, Rajasthan, India

2.	Rudransh	Son	7 Years

3.	Vaishnavi	Grand Daughter	2 Years

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VALUATION REPORT

GENERAL DETAILS

Purpose for which valuation is made

For Bank loan/ limit purpose

Date as on which valuation is made

20.05.2015

Name of the owner

KIRAN INFRA TECH

(PARTNER – Mrs. Megha Jemini w/o Mr. Ravi Jemini)

Mob. No.: 91-9413340817 (Mr. Rajesh Pareek)

Is the property under joint ownership/ co-ownership, share of each such owner? Are the shares undivided?

Partnership firm

Brief description of the property

Constructed factory

Location, Street, Ward No.

Viswakarma Industrial Area, Jaipur

Survey/ Plot No. of land

Plot No. F-445(F) and F-441(E), Road No. 12

Is the property situated in residential/ commercial/ mixed area/ industrial area

Mixed area

Classification of locality – high class/ middle class/ poor class

Middle class

Proximity to civic amenities, like – schools, hospitals, offices, markets, cinemas, etc.

Within 2 Kms (Near Shiva Hotel)

Means and proximity to surface communication by the locality is served

Served by all road transportation

Area of land supported by documentary proof, shape, dimension

2900 Sqm.

Boundaries of property

N – R. D. P. L., S – Road

E – Plot No. F-445 (E),

W – Plot No. G-445 (G)

Is it leasehold, the name of lessor/ lessee, nature of lease, dates of commencement and termination of lease and terms of renewal of lease

i) Initial premium

ii) Ground rent payable per annum

iii) Unearned increase payable to the lessor in event of sale or transfer

Leasehold

As per RIICO norms

Is there any restrictive covenant in regard to use of land? If so, attach a copy

Not applicable

Are there any agreements of easements? If so, attach copies

Not applicable

Does the land fall in an area included in any town planning scheme or any development plan of government or any statutory body? If so, give particulars

Developed area

Has any contribution been made towards development or is any demands for such contribution still outstanding?

Developed

Has the whole or part of land been notified for acquisition by government or any statutory body? Give date of the notification

i) Is the building owner occupied/ tenanted/ both?

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

Owned occupied

What is the floor space Index permissible and percentage actually utilized

Not applicable

i) Names of tenants/ lessees, etc.

ii) Portions in their occupation

iii) Monthly or annual rent/ compensation/ license/ fee, etc. paid by each

iv) Gross amount received for the whole property

Not applicable

Are any of the occupants related to, or close business associates of, the owner?

Not applicable

Is separate amount being recovered for the use of fixtures, like fans, geysers, refrigerators, cooking ranges, built in wardrobes, etc. or for service charges? If so give details

Not applicable

Give details of water and electricity charges if any, to be borne by the owner

Not applicable

Has the tenant to bear the whole or part of the cost of repairs and maintenance? Give particulars

Not applicable

If a lift is installed who has to bear the cost of maintenance and operation?

Not applicable

If a pump is installed who has to bear the cost of maintenance and operation?

Not applicable

Who has to bear the cost of electricity charges for lighting of common space like entrance hall, stair, passage, etc.?

Not applicable

What is the amount of property tax? Who is to bear it? Give details with documentary proof

Not applicable

Is the building insures? If so, give details

Not applicable

Is any dispute between landlord and tenant regarding rent pending in a court of law?

Not applicable

Has any standard rent been fixed for the premises under any law relating to the control of rent

Not applicable

Give instance of sales of immovable property in the locality on a separate sheet

Not applicable

Rate adopted in the valuation

Rs. 40000/- per sqm.

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

As per prevailing market rate (As per local enquiry)

Year of commencement of the construction and year of completion

Before 10 years approx..

What was the method of construction by contract/ employing labour directly/ both?

Both

For items of work done on contract, produce copies of agreements

Not applicable

For items of work done by engaging labour directly, give basic rates of material and labour supported by documentary proof

Not applicable

TECHNICAL DETAILS

No. of floors and height of each floor

Basement, ground, first floor

Year of construction

Before 10 years approx.

Estimated future life

50 years (depending on regular maintenance)

Type of construction – load bearing walls/ RCC frames/ steel frames

Load bearing

Type of foundation

Stepped walls

Walls

a. Basement and plinth

b. Ground floor

c. Superstructure above ground floor

Stone/ Brick masonry

Brick masonry

Partitions

Brick masonry

Doors and windows (floor-wise)

a. Ground floor

b. First floor

c. Superstructure

Rolling shutter

Wooden doors and windows

Not applicable

Flooring (floor-wise)

a. Ground floor

b. First floor

c. Superstructure

Ordinary cement concrete flooring

Marble stone flooring

Not applicable

Finishing (floor-wise)

a. Ground floor

b. First floor

c. Superstructure

Plastered and white wash

Roofing and terracing

RCC roofing/ GI sheet roofing

Special architectural or decorative features, if any

Not applicable

i. Internal wiring/ surface wiring

ii. Class of fitting superior/ ordinary/ poor

Conduit wiring

Ordinary

a. Sanitary installations:

i. No. of water closets

ii. No. of lavatory basins

iii. No. of urinals

iv. No. of sinks

v. No. of bath tubs

vi. No. of bidets

vii. No. of geysers

b. Class of fittings – Superior coloured/ superior/ white/ ordinary

Ordinary

Compound wall

i. Height and length

ii. Type of construction

Not applicable

No. of lifts and capacity

Not applicable

Underground sump – capacity and type of construction

Not applicable

Overhead head tank

i. Where located

ii. Capacity

iii. Type of construction

On roof

1 x 500 liters

Polycone tanks

Pumps – No. and their horse power

Not applicable

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

Pakka floor/ Kachcha

Sewage. If septic tank provided, No. and Capacity

Connected to sewer line

VALUATION

Value of construction

1. Main Shed, GI Sheet roofing, 20’ av. Ht. 970 Sqm. @ Rs. 2975/- per Sqm. Add: 60% for extra Ht., increase in cost index, etc. and decrease 20% for hall type construction, i.e. add 40%	2.886 1.154

2. Basement and ground floor, RCC roof 66.91 Sqm. @ Rs. (4050+4700)/- per Sqm. Add: 40% for increase in cost index, etc.	0.585 0.234

3. AC sheet roof, store 55 Sqm. @ Rs. 2975/- per Sqm. Add: 40% for increase in cost index, etc.	0.164 0.066

4. Office portion, ground floor and first floor, RCC roofing 61 Sqm. @ Rs. (5625+4950)/- per Sqm. Add: 100% for electrification, sanitary, water supply, doors, windows, polished stone floor, increase in cost index, etc.	0.645 0.645

5. Pakka floor, 1058 Sqm. @ Rs. 650/- per Sqm. Add: 40% for increase in cost index, etc.	0.688 0.275 --------
	7.342
Depreciated value = 0.90 x 7341705.00	6.608

Value of land

2900 Sqm. @ Rs. 40000/- per Sq. yard

116.000

A. Market value of the property

6.608 + 116.000

122.608

B. Distress sale value of the property

80% of market value = 80% of Rs. 122608000.00

98.086

C. DLC Value of the property

Rs. 6607532.00 + 2900 Sqm. @ Rs. 4400/- per Sqm.

19.368

D. Insurance value of the property

6.608

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TRADE REFERENCE

SR. NO.	NAME OF COMPANY	ADDRESS	CONTACT PERSON NAME	MOBILE NO.

1.	Dealer of Haldia Petrochemicals Limited	1, Auchland Place, Kolkata – 700017, West Bengal, India	Mr. Vijay Sahay	91-9929605152

2.	Dealer of Reliance Industries Limited	1^st Floor, Saffron Tower, Near Panchwati, Ambawadi, Ahmedabad – 380006, Gujarat, India	Mr. Hari Prakash Gupta	91-9928100811

3.	Dealer of Indian Oil Corporation Limited	Polymer Terminal, PNCP, Village Bal Jataan, Panipat - 132140, Haryana, India	Mr. Ramesh Chamoli	91-9414040997

4.	Dealer of Gail India Limited	U.P. Petrochemical Complex Pata, District Auraiya – 206241, Uttar Pradesh, India	Mr. R.C. Maheshwari	91-9649564000

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CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

No 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. 64.11
UK Pound	1	Rs. 97.84
Euro	1	Rs. 71.12

INFORMATION DETAILS

Information Gathered by :	PPT

Analysis Done by :	KAR

Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	--
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	1
--RESERVES	1~10	--
--CREDIT LINES	1~10	--
--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		12

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.

MIRA INFORM REPORT

Unit