MIRA INFORM REPORT

 

 

Report No. :

327440

Report Date :

27.06.2015

 

IDENTIFICATION DETAILS

 

Name :

ALPHA OFFSET

 

 

Registered Office :

111, Devraj Industrial Park, Piplaj Pirana Road, Lambha, Ahmedabad – 382405, Gujarat

Tel. No.:

91-9825049560 (Mr. Keval Arvindbhai Parsana)

 

 

Country :

India

 

 

Financials (as on) :

--

 

 

Date of Establishment :

04.10.2014

 

 

Capital Investment :

Not Divulged

 

 

TIN No.:

24075002995

 

 

PAN No.:

[Permanent Account No.]

ABBFA1205H

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Manufacturer of Multi Colour Printing Machines. 

 

 

No. of Employees :

12 (2 in Office and 10 in Factory) (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca (18)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

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

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject was established on 4th October 2014 as a partnership concern and it is establishing itself gradually.

 

Mr. Shailesh, Auditor has provided the information to us and he further claimed that company has started its business activities from March 2015.

 

However, trade relations are improving. Business is active. Payments are reported to be unknown.

 

In view of newly incorporation of the concern, subject can be considered for business dealings on safe and secure 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 :

Mr. Arvindbhai Jasmatbhai Parsana

Designation :

Partner

Contact No.:

91-9825049560

Date :

24.06.2015

 

 

Name :

Mr. Shailesh Bhavsar

Designation :

Auditor

Contact No.:

91-9898006881

Date :

24.06.2015

 

 

LOCATIONS

 

Registered Office :

111, Devraj Industrial Park, Piplaj Pirana Road, Lambha, Ahmedabad – 382405, Gujarat, India

Tel. No.:

Not Available

Mobile No.:

91-9825049560 (Mr. Keval Arvindbhai Parsana)

Fax No.:

Not Available

E-Mail :

alpha.offsets@gmail.com

snbhavsar@gmail.com

Location :

Rented

 

 

Factory :

111-B, Devraj Industrial Park, Piplaj Pirana Road, Lambha, Ahmedabad – 382405, Gujarat, India

Location :

Rented

 

 

PARTNERS

 

Name :

Mr. Laxitkumar Arvindbhai Parsana

Designation :

Partner

Address :

17, Jinmangal Bunglows, Bodakdev, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

22.03.1989

Qualification :

B. Com., MBA

Experience :

7 Years

PAN No.:

AQZPP2294G

Profile :

Laxit Arvindbhai Parsana is a Commerce Graduate with MBA with Advertising and PRO and have more than 7 (Seven) years experience of this line of industries and will look after Marketing in the firm of the business.

 

 

Name :

Mr. Keval Arvindbhai Parsana

Designation :

Partner

Address :

17, Jinmangal Bunglows, Bodakdev, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

12.09.1990

Qualification :

Diploma in Mechanical Engineering

Experience :

3 Years

PAN No.:

BBSPP3937K

Profile :

Keval Arvindbhai Parsana is a Mechanical Engineer (Diploma) and have more than 3 (Three) years experience of this line of industries and will look after Production in the firm of the business.

 

 

Name :

Mr. Arvindbhai Jasmatbhai Parsana

Designation :

Partner

Address :

17, Jinmangal Bunglows, Bodakdev, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

03.11.1960

Qualification :

HSC

Experience :

20 Years

PAN No.:

AFDPP9644M

Profile :

Arvindbhai Jasmatbhaio Parsana is a Commerce 12th Std pass and has more than 20 (Twenty) years experience of this line of industries and will look after Finance in the firm.

 

 

Name :

Mrs. Nila Jyotindra Upadhyay

Designation :

Partner

Address :

17, Jinmangal Bunglows, Bodakdev, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

23.08.1958

Qualification :

B.A.

PAN No.:

AATPU2565P

Profile :

Nilaben Jyotindra Upadhyay is a housewife and will be an investing partner.

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Multi Colour Printing Machines. 

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

--

Countries :

--

 

 

Terms :

 

Selling :

Credit (45 Days)

 

 

Purchasing :

Credit (45 Days)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Print Solutions

Name of the Person (Designation):

Mr. Maulik Mehta (Partner)

Contact Number:

91-9998899091

Since how long known:

2 Years

Maximum limit dealt:

Rs. 0.200 Million (Per Month)

Experience:

Payment Behaviour = Good

Market Goodwill = Good

Overall = Good

Remark

No Complaints and satisfied

 

·         Paras Blanket

Mr. Hemant (91-9376160099)

Blanket Supplier

 

·         Sai Chemicals

Mr. Parasar (91-9824482082)

Ink Supplier

 

 

Customers :

End Users

 

Reference:

Meera Packaging Industries

Name of the Person (Designation):

Mr. Kamlesh Patel (Partner)

Contact Number:

91-9879694077

Since how long known:

2 Years

Maximum limit dealt:

Rs. 0.300 Million (Per Month)

Experience:

Payment Behaviour = Excellent 

Market Goodwill = Good

Overall = Excellent 

Remark

No Complaints. It’s a good company. They are very much satisfied with the customer.

 

·         Amit Packaging

Mr. Girish Shah (91-9825254760)

 

·         Shreeji Multi Packaging Private Limited

Mr. Manoj Patel (91-9825611288)

 

·         Vam Box and Containers Private Limited

Mr. Prakash Patel (91-9586627655)

 

·         Kasha Pack Care

Mr. Vipul Patel (91-9979962749)

 

 

No. of Employees :

12 (2 in Office and 10 in Factory) (Approximately)

 

 

Bankers :

Bank Name:

The Kalupur Commercial Cooperative Bank Limited 

Branch:

Bodakdev Branch, Goyal Terrace, Near Judge’s Bungalows, Bodakdev, Ahmedabad – 380054, Gujarat, India

Person Name (with Designation):

Mr. Sanjay B. Patel (Branch Manager)

Contact Number:

91-79-26859551/ 26856119

Name of Account Holder:

Alpha Offset

Account Number:

02120101501

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

24.11.2014

Average Balance Maintained (Optional):

--

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

Current Account

Account Operation:

Good and Satisfactory

Remarks: --

 

·         Bank of Baroda

Maninagar Main Branch, Gujarat, India

 

 

Facilities :

--

 

 

 

Auditors :

 

Name :

S N Bhavsar and Company

Chartered Accountants

Address :

506, Wal Street II, Ellisbridge, Ahmedabad – 380006, Gujarat, India 

Tel. No.:

91-79-30023204

E-Mail :

snbhavsar@gmail.com

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

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

No

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

Yes

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

No

22

Conduct of the banking account

Yes

23

Financials, if provided

No

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

 

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

 

ALPHA OFFSET

 

BALANCE SHEET

 

(RS. IN MILLION)

 

SOURCES OF FUNDS

 

 

31.03.2017

31.03.2016

SHAREHOLDERS FUNDS

 

 

 

1] Partners Capital

 

2.830

2.830

2] Share Application Money

 

0.000

0.000

3] Reserves & Surplus

 

3.180

1.552

4] (Accumulated Losses)

 

0.000

0.000

NETWORTH

 

6.010

4.382

LOAN FUNDS

 

 

 

1] Secured Loans

 

7.560

8.320

2] Unsecured Loans

 

1.000

1.000

TOTAL BORROWING

 

8.560

9.320

DEFERRED TAX LIABILITIES

 

0.000

0.000

 

 

 

 

TOTAL

 

14.570

13.702

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

6.580

7.740

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
 

2.000

1.670

 

Sundry Debtors
 

8.600

7.400

 

Cash & Bank Balances
 

4.190

2.592

 

Other Current Assets
 

0.000

0.000

 

Loans & Advances
 

0.500

0.500

Total Current Assets
 

15.290

12.162

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
 

 

Other Current Liabilities
 

7.300

6.200

 

Provisions
 

0.000

0.000

Total Current Liabilities
 

7.300

6.200

Net Current Assets
 

7.990

5.962

 

 

 

 

MISCELLANEOUS EXPENSES

 

0.000

0.000

 

 

 

 

TOTAL

 

14.570

13.702

 

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

 

ALPHA OFFSET

 

PROFIT AND LOSS ACCOUNT

 

(RS. IN MILLION)

 

 

PARTICULARS

 

 

31.03.2017

31.03.2016

 

SALES

 

 

 

 

 

Income

 

69.132

59.256

 

 

Other Income

 

0.200

0.150

 

 

TOTAL                                     (A)

 

69.332

59.406

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Goods

 

57.015

48.316

 

 

Administrative Expenses

 

1.980

1.680

 

 

Manufacturing Expenses

 

5.986

4.963

 

 

TOTAL                                     (B)

 

64.981

54.959

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

 

4.351

4.447

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

 

0.863

0.865

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

 

3.488

3.582

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

1.160

1.370

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

 

2.328

2.212

 

 

 

 

 

Less

TAX                                                                  (H)

 

0.700

0.660

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

 

1.628

1.552

 

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

 

DSCR CALCULATIONS

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

2015-16

2016-17

2017-18

2018-19

2019-20

 

 

 

 

 

 

 

1

Profit after Tax

1.552

1.628

1.798

2.028

2.121

 

 

 

 

 

 

 

2

Depreciation

1.370

1.160

0.990

0.840

0.710

 

 

 

 

 

 

 

3

Interest on Term Loan

0.635

0.533

0.347

0.329

0.226

 

 

 

 

 

 

 

 

Sub-total

3.557

3.321

3.135

3.197

3.057

 

 

 

 

 

 

 

1

Interest on Term Loan

0.635

0.533

0.347

0.329

0.226

 

 

 

 

 

 

 

2

Repayment of Term Loan

0.530

1.060

1.060

1.060

1.060

 

 

 

 

 

 

 

 

Sub-total

1.165

1.593

1.407

1.389

1.286

 

 

 

 

 

 

 

 

D S C R

3.05

2.08

2.23

2.30

2.38

 

 

 

 

 

 

 

 

Average D S C R

2.56

 

 

 

 

 

 

 

 

Current Ratio

1.40

1.51

1.64

1.75

1.90

 

 

 

 

 

 

 

 

TTL / TNW

1.33

0.79

0.47

0.27

0.13

 

 

 

 

 

 

 

 

TOL / TNW

3.31

2.47

1.86

1.46

1.11

 

 

 

 

 

 

 

 

Without considering U/L as Quasi Equity

3.54

2.64

1.99

1.56

1.19

 

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

 

COST OF PROJECT

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

AMOUNT

 

 

 

A

Plant and Machinery

8.480

 

 

 

B

Electric Installation

0.150

 

 

 

C

Preoperative Expenses

0.300

 

 

 

D

Contingencies

0.180

 

 

 

E

Margin Money for WC

1.070

 

 

 

 

Total

 

10.180

 

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

 

MEANS OF FINANCE

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

AMOUNT

 

 

 

A

Capital

Promoters Contribution

2.830

 

 

 

B

Unsecured Loans

1.000

 

 

 

C

Term Loans

6.350

 

 

 

 

Total

 

10.180

 

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

 

ESTIMATED PROFITABILITY STATEMENT

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

2015-16

2016-17

2017-18

2018-19

2019-20

 

 

 

 

 

 

 

1

Sales Value – Net

59.256

69.132

74.070

83.946

83.946

 

 

 

 

 

 

 

2

Cost of Production

 

 

 

 

 

 

- Raw Material

48.986

57.145

61.234

69.394

69.394

 

 

 

 

 

 

 

 

- Salaries and Wages

1.310

1.440

1.580

1.740

1.740

 

 

 

 

 

 

 

 

- Electric Power 

1.620

2.210

2.540

3.260

3.260

 

 

 

 

 

 

 

 

- Repairs and Maintenance

0.683

0.752

0.827

0.909

0.909

 

 

 

 

 

 

 

 

- Other Manufacturing Expenses

0.350

0.385

0.424

0.466

0.466

 

 

 

 

 

 

 

 

- Replacement Cost of Roller

1.000

1.200

1.300

1.400

1.500

 

 

 

 

 

 

 

 

- Admn and Sales Expenses

1.480

1.730

1.850

2.100

2.100

 

 

 

 

 

 

 

 

- Partners Remuneration

0.200

0.250

0.300

0.500

0.500

 

 

 

 

 

 

 

 

- Working Capital Interest 

12.50%

0.230

0.330

0.360

0.360

0.360

 

 

 

 

 

 

 

 

Total

55.859

65.441

70.415

80.129

80.229

 

 

 

 

 

 

 

 

Increase/ (Decrease) in Stock

0.670

0.130

0.000

0.000

0.000

 

 

 

 

 

 

 

3

Operating Profit

4.067

3.821

3.655

3.817

3.717

 

 

6.86%

5.53%

4.93%

4.55%

4.43%

 

 

 

 

 

 

 

4

Interest Term Loan

 

 

 

 

 

 

12.50%

0.515

0.413

0.227

0.209

0.106

 

12.00%

0.120

0.120

0.120

0.120

0.120

 

 

 

 

 

 

 

5

Gross Profit

3.432

3.288

3.308

3.488

3.491

 

 

 

 

 

 

 

6

Non-operating Income

0.150

0.200

0.250

0.250

0.250

 

 

 

 

 

 

 

7

Depreciation

1.370

1.160

0.990

0.840

0.710

 

 

 

 

 

 

 

8

Profit before Tax

2.212

2.328

2.568

2.898

3.031

 

 

 

 

 

 

 

9

Provision for Tax

0.660

0.700

0.770

0.870

0.910

 

 

 

 

 

 

 

10

Profit after Tax

1.552

1.628

1.798

2.028

2.121

 

 

 

 

 

 

 

11

Dividend

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

12

Retained Profit

1.552

1.628

1.798

2.028

2.121

 

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

 

BALANCE SHEET

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

2015-16

2016-17

2017-18

2018-19

2019-20

 

 

 

 

 

 

 

1

SHAREHOLDERS FUNDS

 

 

 

 

 

 

Capital

2.830

2.830

2.830

2.830

2.830

 

Reserves and Surplus

1.552

3.180

4.978

7.006

9.127

 

 

 

 

 

 

 

 

Sub-total

4.382

6.010

7.808

9.836

11.957

 

 

 

 

 

 

 

2

BORROWED FUNDS

 

 

 

 

 

 

Term Loan

5.820

4.760

3.700

2.640

1.580

 

Working capital Facility

2.500

2.800

2.900

3.800

3.800

 

 

 

 

 

 

 

 

Sub-total

8.320

7.560

6.600

6.440

5.380

 

 

 

 

 

 

 

3

Unsecured Loans

1.000

1.000

1.000

1.000

1.000

 

 

 

 

 

 

 

 

Grand Total

13.702

14.570

15.408

17.276

18.337

 

 

 

 

 

 

 

1

FIXED ASSETS

 

 

 

 

 

 

Gross Block

9.110

9.110

9.110

9.110

9.110

 

Depreciation

1.370

2.530

3.520

4.360

5.070

 

 

 

 

 

 

 

 

Net Block

7.740

6.580

5.590

4.750

4.040

 

 

 

 

 

 

 

2

INVESTMENTS

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

3

CURRENT ASSETS LOANS AND ADVANCES

 

 

 

 

 

 

INVENTORIES

 

 

 

 

 

 

Raw Material

1.000

1.200

1.300

1.400

1.400

 

Process Stock

0.670

0.800

0.800

0.800

0.800

 

Finished Goods

0.000

0.000

0.000

0.000

0.000

 

Stores and Spares

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

Sub-total

1.670

2.000

2.100

2.200

2.200

 

 

 

 

 

 

 

 

BOOK DEBTS

7.400

8.600

9.300

10.500

10.500

 

 

 

 

 

 

 

 

LOANS AND ADVANCES

0.500

0.500

0.500

0.500

0.500

 

 

 

 

 

 

 

 

CASH AND BANK BALANCE

2.592

4.190

5.818

7.226

8.997

 

 

 

 

 

 

 

 

TOTAL CURRENT ASSETS

12.162

15.290

17.718

20.426

22.197

 

 

 

 

 

 

 

4

CURRENT LIABILITIES

 

 

 

 

 

 

Creditors for Goods

6.100

7.100

7.700

7.700

7.700

 

Creditors for Expenses

0.100

0.200

0.200

0.200

0.200

 

 

 

 

 

 

 

 

TOTAL CURRENT LIABILITIES

6.200

7.300

7.900

7.900

7.900

 

 

 

 

 

 

 

 

NET CURRENT ASSETS

5.962

7.990

9.818

12.526

14.297

 

 

 

 

 

 

 

5

PROFIT AND LOSS ACCOUNT

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

6

SHARE ISSUE EXPENSES

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

TOTAL ASSETS

13.702

14.570

15.408

17.276

18.337

 

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

 

CASH FLOW STATEMENT

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

2015-16

2016-17

2017-18

2018-19

2019-20

 

 

 

 

 

 

 

1

Cash Accrual

3.582

3.488

3.558

3.738

3.741

 

 

 

 

 

 

 

2

Increase in Capital

2.830

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

3

Increase in Term Loan I

6.350

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

4

Increase in Investment

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

5

Increase in Working Capital

2.500

0.300

0.100

0.900

0.000

 

 

 

 

 

 

 

6

Decrease in Investment

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

7

Increase in Unsecured Loans

1.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

8

Decrease in Intangible Assets

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

TOTAL INFLOW

16.262

3.788

3.658

4.638

3.741

 

 

 

 

 

 

 

1

Addition to Fixed Assets

9.110

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

2

Increase in Net Current Assets

3.370

0.430

0.200

1.300

0.000

 

 

 

 

 

 

 

3

Decrease in Term Loans I

0.530

1.060

1.060

1.060

1.060

 

 

 

 

 

 

 

4

Decrease in Working Capital

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

5

Increase in Investment

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

6

Provision for Tax

0.660

0.700

0.770

0.870

0.910

 

 

 

 

 

 

 

7

Dividend

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

8

Decrease in Unsecured Loans

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

TOTAL OUTFLOW

13.670

2.190

2.030

3.230

1.970

 

 

 

 

 

 

 

 

Opening Cash and Bank Balance

0.000

2.592

4.190

5.818

7.226

 

 

 

 

 

 

 

 

Excess / Shortage in Cash

2.592

1.598

1.628

1.408

1.771

 

 

 

 

 

 

 

 

Closing Cash and Bank Balance

2.592

4.190

5.818

7.226

8.997

 

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

 

BREAK EVEN CALCULATIONS

 

(RS. IN MILLION)

 

SR. NO.

PARTICULARS

 

2015-16

2016-17

2017-18

2018-19

 

 

 

 

 

 

 

 

Sales

 

60.076

69.462

74.320

84.196

 

 

 

 

 

 

 

 

Variable Cost

 

 

 

 

 

1

Raw Material

100%

48.986

57.145

61.234

69.394

2

Salaries and Wages

80%

1.048

1.152

1.264

1.392

3

Power and Fuel

100%

1.620

2.210

2.540

3.260

4

Repairs and Maintenance

80%

0.547

0.601

0.661

0.728

5

Stores and Spares

100%

1.000

1.200

1.300

1.400

6

Working Capital Interest

100%

0.230

0.330

0.360

0.360

 

 

 

 

 

 

 

 

Total Variable cost 

 

53.430

62.638

67.360

76.533

 

 

 

 

 

 

 

 

Contribution

 

6.646

6.824

6.960

7.663

 

 

 

 

 

 

 

 

Fixed cost

 

 

 

 

 

1

Salaries and Wages

20%

0.262

0.288

0.316

0.348

2

Repairs and Maintenance

20%

0.137

0.150

0.165

0.182

3

Interest – Term Loan

100%

0.515

0.413

0.227

0.209

4

Depreciation

100%

1.370

1.160

0.990

0.840

 

 

 

 

 

 

 

 

Total Fixed Cost

 

2.284

2.011

1.698

1.579

 

 

 

 

 

 

 

 

Cash Accruals

 

4.362

4.813

5.262

6.084

 

 

 

 

 

 

 

 

Break Even Sales

 

20.600

20.500

18.100

17.300

 

 

 

34.29%

29.51%

24.35%

20.55%

 

 

 

 

 

 

 

 

Cash Break Even Sales

 

8.300

8.700

7.600

8.100

 

 

 

13.82%

12.52%

10.23%

9.62%

 

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

 

NETWORTH STATEMENT

 

MR. ARVINDBHAI JASMATBHAI PARSANA

 

(RS. IN MILLION)

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

TYPE OF ASSETS

 

 

Agricultural Land

Acre of Land at Village Ranu Ta. Kheda

 

 

Residential House/ Godown

17, Jinmangal Bungalows, Near Lad Society, Ahmedabad, Gujarat, India

 

 

Holding in the name of

Self

 

 

Purchase Price

Rs. 1.800 Million

 

 

Present Market Value

Rs. 12.500 Million

 

 

POLICY NO.

SUM ASSURED

IN WHOSE NAME

DATE OF POLICY

PREMIUM PAID UPTO

SURR. VALUE PREMIUM PAID

 

 

 

 

 

 

833458758

0.200

Self

28.02.2006

February 2015

0.094

 

 

 

 

 

 

 

 

INVESTMENT IN GOVERNMENT SECURITIES 

 

TYPE

 

AMOUNT

 

 

ICICI Bank SB A/c.

Rs. 0.020 Million

 

 

INVESTMENT IN BUSINESS

 

AS ON 31.03.2015

 

NAME OF THE COMPANY

 

AMOUNT

 

 

Power Pack Industries

Rs. 2.850 Million

 

 

Alpha Offset

Rs. 5.800 Million

 

 

Jewellery

Rs. 0.250 Million

 

 

TOTAL ASSETS

 

RS. 9.015 MILLION

 

 

BORROWINGS

 

Name of the Company

Power Pack Industries

 

 

Purpose of Loan and Limit

The Kalupur Commercial Cooperative Bank Limited

 

 

Purpose of Loan

Working Capital

 

 

Present Outstanding

Rs. 2.000 Million

 

 

LEGAL HEIRS

 

SR. NO.

NAME

RELATION

RESIDENTIAL ADDRESS

 

 

 

 

1

Ansuyaben Parsana

Wife

 

16, Jinmangal Bungalows, Near Lad Society, Ahmedabad

 

 

 

2

Laxit Parsana

Son

 

 

 

3

Keval Parsana

Son

 

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

 

NETWORTH STATEMENT

 

MRS. ANSUYABEN A. PARSANA

 

(RS. IN MILLION)

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

TYPE OF ASSETS

 

30% Share in 1/2 Share of 111 Devraj Industrial Estate, Piplaj Pirana Road, Lambha, Ahmedabad

 

 

Holding in the name of

Aryan Industries Partnership Firm having 35% Share of Laxit Parsana

 

 

Purchase Price

Rs. 2.200 Million

 

 

Present Market Value

Rs. 3.000 Million

 

 

POLICY NO.

SUM ASSURED

IN WHOSE NAME

DATE OF POLICY

PREMIUM PAID UPTO

SURR. VALUE PREMIUM PAID

 

 

 

 

 

 

833468612

0.500

Self

07.10.2007

July 2014

0.317

 

 

 

 

 

 

Total

 

 

 

 

 

0.317

 

 

INVESTMENT IN GOVERNMENT SECURITIES 

 

TYPE

 

AMOUNT

 

 

ICICI Bank

Rs. 0.000 Million

 

 

INVESTMENT IN BUSINESS

 

NAME OF THE COMPANY

 

AMOUNT

 

 

Jewellery

Rs. 0.250 Million

 

 

TOTAL ASSETS

 

RS. 3.250 MILLION

 

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

 

NETWORTH STATEMENT

 

MR. LAXIT ARVINDBHAI PARSANA

 

(RS. IN MILLION)

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

TYPE OF ASSETS

35% Share in 1/2 Share of 111 Devraj Industrial Estate, Piplaj Pirana Road, Lambha, Ahmedabad

 

 

Holding in the name of

Aryan Industries Partnership Firm having 35% Share of Laxit Parsana

 

 

Purchase Price

Rs. 2.200 Million

 

 

Present Market Value

Rs. 3.500 Million

 

 

POLICY NO.

SUM ASSURED

IN WHOSE NAME

DATE OF POLICY

PREMIUM PAID UPTO

SURR. VALUE PREMIUM PAID

 

 

 

 

 

 

833468612

0.500

Self

07.10.2007

July 2014

0.317

 

 

 

 

 

 

Total

 

 

 

 

 

0.317

 

 

INVESTMENT IN BUSINESS

 

NAME OF THE COMPANY

 

AMOUNT

 

 

Alpha Offset

Rs. 0.300 Million

 

 

Jewellery

Rs. 0.250 Million

 

 

TOTAL ASSETS

 

RS. 3.750 MILLION

 

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

 

NETWORTH STATEMENT

 

MR. KEVAL ARVINDBHAI PARSANA

 

(RS. IN MILLION)

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

TYPE OF ASSETS

 

 

Holding in the name of

Self

 

 

Purchase Price

Rs. 1.800 Million

 

 

Present Market Value

Rs. 12.500 Million

 

 

POLICY NO.

SUM ASSURED

IN WHOSE NAME

DATE OF POLICY

PREMIUM PAID UPTO

SURR. VALUE PREMIUM PAID

 

 

 

 

 

 

833461745

0.425

Self

28.02.2006

December 2014

0.112

 

 

 

 

 

 

833461744

0.150

Self

12.04.2006

December 2014

0.026

 

 

 

 

 

 

Total

 

 

 

 

 

0.138

 

 

INVESTMENT IN BUSINESS

 

NAME OF THE COMPANY

 

AMOUNT

 

 

Power Pack Industries

Rs. 0.998 Million

 

 

Alpha Offset

Rs. 0.300 Million

 

 

Jewellery

Rs. 0.250 Million

 

 

TOTAL ASSETS

 

RS. 1.686 MILLION

 

 

BORROWINGS

 

Name of the Company

Power Pack Industries

 

 

Purpose of Loan and Limit

The Kalupur Commercial Cooperative Bank Limited

 

 

Purpose of Loan

Working Capital

 

 

Present Outstanding

Rs. 2.000 Million

 

 

LEGAL HEIRS

 

SR. NO.

NAME

RELATION

RESIDENTIAL ADDRESS

 

 

 

 

1

Ansuyaben Parsana

Wife

 

16, Jinmangal Bungalows, Near Lad Society, Ahmedabad

 

 

 

2

Laxit Parsana

Son

 

 

 

3

Keval Parsana

Son

 

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

 

NETWORTH STATEMENT

 

MRS. NILABEN UPADHYAY

 

(RS. IN MILLION)

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

TYPE OF ASSETS

Industrial Plot being 111/B Devraj Industrial Estate, Lambha, Ahmedabad

 

 

Holding in the name of

Aryan Industries Partnership Firm having 35% Share of Laxit Parsana

 

 

Purchase Price

--

 

 

Present Market Value

Rs. 15.000 Million

 

 

TERM DEPOSIT / SHARES / DEBENTURE

 

NAME OF BANK BRANCH/ COMPANY

 

AMOUNT

 

 

SB Balance

Rs. 1.206 Million

 

 

INVESTMENT IN BUSINESS

 

AS ON 31.03.2015

 

NAME OF THE COMPANY

 

AMOUNT

 

 

Alpha Offset

Rs. 0.500 Million

 

 

Jewellery

Rs. 0.250 Million

 

 

TOTAL ASSETS

 

RS. 16.353 MILLION

 

 

LEGAL HEIRS

 

SR. NO.

NAME

RELATION

AGE

RESIDENTIAL ADDRESS

 

 

 

 

 

1

Jyotindra Upadhyay

Husband

61

A-1, Naman Apartment, Bodakdev, Ahmedabad

 

 

 

 

2

Ravi Upadhyay

Son

24

 

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

 

PROJECT REPORT

 

FACTORY BUILDING:

 

Firm has acquired a factory building being 111-8, Devraj industrial Part Piplaj Prana Road, Lambha, Ahmedabad admeasuring about 3500 Sq. ft. of Built up area on a lease from Nilaben J Upadhyay, one of the partner of the firm.

 

 

POWER:

 

The factory shed is already having power connection of 90 HP from Uttar Gujarat Vij Company Limited.

 

 

PLANT AND MACHINERY:

 

The firm has acquired Planetta "64" Inches Alcohol Dempaning Offset Printing Machine, only second in the state of Gujarat at a cost of Rs.6.222 Million. It has versatile and monopolized features like jumbo size printing of 44" X 64". This Offset Printing Machine has also unique feature of quality five multi colour printing with coating.

 

Firm has also acquired Paper cutting machine at a cost of Rs.0.745 Million, which is required for perfect paper cutting to be used for above machine.

 

Firm will acquire UV Coating Machine at a cost of Rs.1.260 Million used for Ultra Violet Coating for super finished of the title/cover pages printed.

 

Firm has also acquired fully automatic Plate Exposure machine with Plate Planning Table and Plate curring machine used for developing for multi colour printing plates for perfect and supper fine finishing.

 

 

RAW MATERIAL:

 

Major raw material required for this type of Industry is Paper, Quality Printing lnk, Specialized chemicals for UV coating. All this materials are easily available in local market. The following are the suppliers of the above materials.

 

·         Niketan Papers Private Limited

·         Krishna Paper Trading Co.

·         Sai Chemicals

·         Paras Graphics

·         Print Solutions

 

 

MANPOWER:

 

The firm has appointed qualified/experiences operators and supervisor for the above machineries. Firm has also appointed skilled and unskilled workers required for the operation of the machines. Since the unit is situated at Ahmedabad the firm will not face any problem for manpower.

 

 

PRODUCTION PROCESS:

 

First of all Plate is to be prepared on plate exposure table from Positive supplied by the party as per their own design. Where the plate is passed through three processes i.e i) Exposing, Curing and Backing.

 

The exposed Plate is fixed to the printing machine and parallelly purchased papers sheets are trimming. There after paper sheets feed to feeder machine and then paper sheets printed in to required colour and the paper is ready duly printed with coating by specialized chemical to maintain the shining of the colour for a longer period. The printed paper is then passed through UV Coating machine for finishing.

 

Then the printed paper is to be punched and / or bundled according to customer requirement.

 

 

THEIR CUSTOMERS:

 

The list of Existing customers / Prospective customers is as under:

·         VAM Box and Containers Private Limited

·         Meera Packaging Industries

·         Pankaj Paper Box

·         Pramukh Packaging Industries

·         Shreerangam Packaging Private Limited

·         Shreeji Multi Packaging Private Limited

 

As only second machine of its type in Gujarat having monopolized features of jumbo size printing, the firm does not envisage any problem for getting the orders.

 

 

WORKING CAPITAL REQUIREMENT:

 

Based on the following assumption for the firm propose to avail working capital limit of Rs.2.500 Million.

 

As per the present market trend and available of raw material the firm proposed to hold stock of papers, ink and other chemical for a period of 7 days.

 

Holding of stock in process is projected at 3 to 4 days as the ready paper/box required huge space for storing hence the same is to delivered on lot to lot basis.

 

Period of Sundry Debtors is projected at 45 days, though the market trend is of 30 days. Holding period of Sundry Creditors for stock of raw material, printing ink and other chemical is projected at 1.5 months and stores and spares is projected at one month time.

 

25% margin has been projected on Net Current Assets.

 

 

SECURITY:

 

Primary Security:

 

Term Loan:

 

The term loan will be secured by Hypothecation of Plant and machineries and other fixed assets Purchased. The same is further secured by extension of Charge over stock of raw material, stock in process and sundry debtors and other receivables of the firm.

 

Working Capital:

 

The working capital facility will be secured by Hypothecation of stock of Raw Material, Stores and Spares, Stock in Process, Finished Goods, Sundry debtors and other receivable of the firm. The same will be further secured by Extension of charge over Machineries and other fixed assets of the firm.

 

COLLATERAL SECURITY:

 

Both the above facilities are further secured by Equitable Mortgage of Land and Building being 111 Devraj Industrial Estate, Ahmedabad belonging to Aryan lndustries and Nilaben J Upadhyay having approx. Market value of Rs.23.000 Million.

 

All the four partners and Mrs. Nilaben J Upadhyay will also provide personal guarantee, whose total net worth is around Rs.30.803 Million.

 

 

ASSUMPTION UNDER LYING PROJECT REPORT:

 

1)     The installed capacity of the machine is around 25000 sheet per day, of which 20000 sheet per day will be utilised for own production and 5000 sheet per day will be utilised for job work.

2)     In the very first year of operation around 50% utilization in projected thereafter 70% ins Second year, 75% in third year and 85% in fourth year is projected.

3)     Around 1.5% wastage has been projected and other income shown is the part of sale of waste.

4)     Raw Material Price and prices are taken at prevailing market rate. Any increase in the prices will be suitable compensated by increase in sales price.

5)     The firm has employed around 12 workers and it's pay bill with security expenses Rs.0.109 Million with 20% employees benefit like PF, ESI and Bonus.

6)     Electricity cost is calculated on the base of utilisation and Rs.7.00 per unit.

7)     Repairs and Maintenance cost is projected at O.75% of the cost of Machineries which will be increased by 70% every year.

8)     Replacement cost of roller is projected at Rs.1.000 Million per year.

9)     Administrative and sales expenditure is projected at 2.5% of the sales value which comprises the differential vat payable after availing VAT Credit on purchase.

10)  Term Loan and Working Capital Interest is calculated @ 12.5% on reducing balance method.

11)  Interest on unsecured loan is taken at 12% per year.

12)  Partner’s remuneration is projected at Rs.0.200 Million in first year and 0.250 Million and 0.300 Million in next year.

 

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

 

VALUATION REPORT

 

(GENERAL DETAILS)

 

Purpose for which valuation is made

To estimate the Market Value of Industrial Property for Bank loan and security purpose

 

 

Date as on which valuation is made

1st June 2015

 

 

Name of the Owner / Owners

Aryan Industries (Partnership Firm) through its Partners: Mr. Arvindbhai Jasmatbhai Parsana, Mr. Kevalkumar Arvindbhai Parsana and Mr. Laxitkumar Arvindbhai Parsana (Part of Plot No. 111).

 

Mrs. Nilaben J. Upadhyay (Balance part of Plot No. 111)

 

 

It the property is under Joint Ownership/ Co Ownership Share of each such owner. Are the shares undivided?

Ownership

 

 

Brief description of the property

The property under valuation is a Industrial Property known as Aryan Industries situated at Plot No. 111, Devraj Industrial Park, Pimplaj-Pirana Road, Juna Octroi Naka, Lambha, Revenue Survey No. 756 paiki and 757 paiki, Village Lambha, Taluka Dascroi City, sub district Ahmedabad – 5 (Narol), District Ahmedabad

 

It is abutting on Internal road of Pimplaj-Pirana Road which finally meets to sardar patel ring road at one end and narol sarkhej road at the other end.

 

The subject property comprises of Ground Plus first floor structure.

 

 

Location, Street, Ward No.

Aryan Industries situated at Plot No. 111, Devraj Industrial Park, Pimplaj-Pirana Road, Juna Octroi Naka, Lambha, Revenue Survey No. 756 paiki and 757 paiki, Village Lambha, Taluka Dascroi City, sub district Ahmedabad – 5 (Narol), District Ahmedabad

 

Survey/Plot No. of Land

 

 

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

Industrial Area

 

 

Classification of Locality – High class/ Middle Class/ Poor class?

Middle Class

 

 

Proximity to civic amenities like School, Hospitals, cinema etc.

All civic amenities are available in the vicinity of subject property.

 

 

Means and proximity to surface communication by which the locality is served. 

By means of any vehicle either private or public.

 

 

LAND

 

 

Area of land supported by documentary proof. Shape, dimensions and physical features.

At the time of site inspection they have observed that the entire plot no. 111 bearing to survey no.756 paiki and 757 paiki is used as a single property. As per the copy of sale deed vide reference number 3382 dated 30th March, 2010 the total land area of the plot no. 111 of Devraj Industrial Park, Block Number 756 paiki old survey number 783) is 186.80 SMT and block number 757 paiki (Old Survey number 784) is 1013.20 SMT which is together to area of 1200 SMT which was owned by the Aryan Industries (Partnership Firm). However, as per the copy of sale deed vide reference number 8538 dated 6th July, 2011, the undivided share of land admeasuring 600 SMT out of 1013.20 SMT of the land bearing to survey no.757 of plot no. 111 of Devraj Industrial Park has been sold to Nilaben Jyotindra Upadhyay by the Aryan Industries (Partnership Firm). Hence, the land area of the plot owned by the Aryan Industries for the aforesaid land bearing to plot no.111, of Devraj Industrial Park is 600 SMT (i.e. 186.80 SMT of Block No. 756 paiki and 413.20 SMT area of Block No. 757 paiki) and balance land area i.e.600 SMT of plot no. 111 is owned by Nilaben Jyotindra Upadhyay. However, there is not any clear cut demarcation to distinguish the boundary of this individual property. Hence, they have considered the entire plot no. 111 as a single parcel of land for the purpose of this valuation exercise. Further, it may be mentioned that the bank/client cannot sell the individual property in isolation of any of the above land parcel and same has been also considered for this valuation exercise. The bank is hereby advised to ask client for construction of physical boundary between these two properties prior to make a decision based on this valuation report. However, we have discussed with the bank officials and they revealed that the entire plot no. 111 to be mortgaged and same has been considered for this valuation exercise. As per the copy of sale deed, the net plot area of the premises is 1200 SMT i.e. 1435 SYD. As per physical measurement the net plot area is 1193 SMT which is almost matches with documented net plot area. Hence, they have adopted documented legal net plot area as 1200 SMT i.e. 1435 SYD for the purpose of the valuation exercise.

 

 

Roads, Streets or Lanes on which the land is abutting.

It is abutting on internal road of Piplaj-Pirana Road which finally meets to Sardar Patel Ring Road at one end and Narol Sarkhej road at the other end.

 

 

Is there any restrictive covenant in regard to use of land? If so.

Industrial Usage.

 

 

Are there any agreements of easements? If so,

As per their visuaI observation and at the time of site inspection, it is free from any easement.

 

 

Does the land fall in an area included in any Town Planning Scheme or any Development Plan of Government or ant statutory body? If so

It falls within limits of Village: Lambha, Taluka: City, District: Ahmedabad

 

 

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

 

 

As per the verbal information furnished to us by client, there is not any development contribution outstanding and land has not been notified for acquisition by the Government or any statutory body.

 

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

 

 

IMPROVEMENTS

 

 

 

As per the copy of the letter issued by AMC for regularization of the construction vide reference number GRUDA/AMC/2015/SZ/NRS/25641 dated 23rd March, 2015 and as per copy approved building layout plot of plot no. 111, the built up area of the subject property is 1299.35 SMT or say 1554 SYD. Further, at the time of their site inspection we have observed that the building/structure constructed there on the plot no. 111 is also not distinguished and used as single property / premises hence, they have considered entire built up on Plot No. 111 for the purpose of this valuation exercise. If on a later date the bank/client will provide any legal document which contains the built up area of individual property of plot no. 111 than this valuation exercise may get affected.

 

 

 

 

1) Is the building owner - occupied/ Tenanted/ both?

2) lf partly owner- occupied, specify portion and extent of area under

Owner-occupation.

At the time of inspection it is observed that premises is owned by the owner,

1)     Aryan Industries (Partnership Firm) Through its Partners: Mr. Arvindbhai Jasmatbhai Parsana, Mr. Kevalkumar Arvindbhai Parsana and Mr. Laxitkumar Arvindbhai Parsana (Part of Plot No. 111) (As per the copy of sale deed vide reference number 3387 as on 30th March, 2010)

2)     Mrs. Nilaben Jitendra Upadhyay (Balance part of Plot No. 111)

(as per the copy of sale deed vide reference number 8538 dated 6th July, 2011)

As per the physical observation and as per the leave and license agreement furnished to us by the bank/client the entire plot no. 111 is given on rent to Power Pack Industries on temporary basis. Hence, they have assumed that the tenant is temporary tenant and considered the subject property as a self-occupied by owner. Further, this valuation exercise is based on the assumptions that the bank/client will get the peaceful possession of the subject property as and when required. lf there is any deviation in the aforesaid condition than this valuation may get affected.

 

 

RENTS

 

 

1)     Names of tenants/ lessees/ licensees etc.

2)     Portions in their occupation

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

4)     Gross amount received for the whole property

 

 

Not applicable as property is deemed to be self-occupied by the owner and valuation is for determining its Market value as on 1st June, 2015 for Bank Loan or Security Purpose.

 

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

 

 

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

Not Applicable

 

 

Give details of water and electricity charges, if any to be borne by 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 owner or tenant?

Not Applicable

 

 

Is a pump is installed, who has to bear the cost of maintenance and operation owner or tenant?

Not Applicable

 

 

Who has to bear the cost of electricity charges of lighting of common space like entrance hall, stairs, passage, compound etc., owner or tenant?

Not Applicable

 

 

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

Details are not available as the copy of property tax bill is not provided to them.

 

 

Is the building insured, if so give the policy number, amount for which it is insured and the annual premium.

Details are not available

 

 

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 property under any law relating to the control of law?

Not Applicable

 

 

SALES

 

 

Land rate adopted in this valuation

Rs. 9000/- per SYD

(Based on Net Plot Area)

 

 

CONSTRUCTION

 

 

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

Details are not available 

 

 

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

Details are not available 

 

 

For items of work done by engaging labour directly, give basic rate of materials and labour supported by documentary proof. 

Details are not available 

 

 

 

LAND RATE

 

Factors

 

Discount / Premium

Rate

Adopted Market Rate

 

Rs. 10000/- per SYD

 

 

 

Less: Marketability of the subject property compare to available instance

-10%

Rs. 1000/- per SYD

 

 

 

Estimated Market Rate

 

 

Rs. 9000/- per SYD

 

 

Market Value of Land

Net Land Area (SYD) X Rate (Rs./- SYD)

 

1435 SYD X Rs. 9000/- per SYD

 

Rs. 12.915 Million

 

 

VALUATION OF BUILDING

 

Basic details of the building

Nature of Building

Industrial property

 

 

Type of Structure

RCC slab structure

 

 

No. of floors

Ground plus first floor structure

 

 

Age

6 years (As per the verbal information furnished by the client)

 

 

Condition of Building

Maintained

 

 

Estimated future life

Approx. 34 years (Subject to regular and preventive maintenance)

 

 

 

TECHNICAL SPECIFICATION OF THE BUILDING

 

Foundation and Super structure

RCC slab structure

 

 

Basement

Not Applicable

 

 

Average floor height

10’

 

 

Walls

Brick masonry wall

 

 

Roofing

Partly RCC slab roofing and partly GI sheet roofing in ground floor. AC Sheet roofing in First Floor. 

 

 

False ceiling

No

 

 

Joinery/ Doors and Windows

MS Sliding gate at the entrance, MS rolling shutter with MS frame glass windows, office has Aluminum frame with glass gazed door and aluminum frame with aluminum sliding window at the ground floor, aluminum frame with aluminum doors at the first floor.

 

 

Flooring, Dado etc.

IPS flooring inside the plant and office has marble tiles flooring at ground floor. Bath/ W.C. has glazed tiles flooring with glazed tiles dado upto two feet and IPS flooring at First floor.

 

 

Special work (e.g. gas pipeline, fixed furniture)

--

 

 

Finishing

 

Internal Walls

Smooth finish plaster with mala putty at ground floor and first floor.

External Walls

Rough Finish

 

 

Electrification

Surface wiring

 

 

Water supply and sanitary installations

Standard

 

SR. NO.

PARTICULARS

BUILDING

UNIT

1

Total Built up area

1554

SYD

2

Adopted Construction Rate

7000

Rs. /- SYD

3

GCRC

10.878

Rs. Million

4

Depreciation (By SLM Method)

= [(6/40) *0.95*GCRC]

1.550

Rs. Million

5

DRC of the building

9.328

Rs. Million

6

Less: 10% for the marketability of the construction of the subject property

0.933

Rs. Million

 

 

8.395

Rs. Million

 

Market Value of the land

Rs. 12.915 Million

 

 

Depreciated Replacement Cost of Building 

Rs. 8.395 Million

 

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

Total Value of the Property

Rs. 21.310 Million

Or Say

Rs. 21.300 Million

 

 

Market Value

Rs. 21.300 Million

 

 

Realizable Value

Rs. 17.000 Million

 

 

Distress Sale Value

Rs. 13.600 Million

 

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

 

TRADE REFERENCES

 

·         Niketan Papers Private Limited

·         Krishna Paper Trading Co

 

 

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. 63.60

UK Pound

1

Rs. 100.09

Euro

1

Rs. 71.23

 

 

INFORMATION DETAILS

 

Information Gathered by :

PPT

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

BVA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

2

PAID-UP CAPITAL

1~10

2

OPERATING SCALE

1~10

2

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

2

--PROFITABILITY

1~10

2

--LIQUIDITY

1~10

2

--LEVERAGE

1~10

2

--RESERVES

1~10

2

--CREDIT LINES

1~10

2

--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

 

18

 

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.