|
Report No. : |
326748 |
|
Report Date : |
30.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRANSIT TOURS AND TRAVELS |
|
|
|
|
Registered
Office : |
Survey No 2-5, Behind IOCL Petrol Pump, Pillar No 267, PVNR
Expressway, Shivarampally, Rajendra Nagar, Rangareddy - 500030, Telangana |
|
Tel. No.: |
91-8142100000 (Mr. P. Pavan Chandra) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
-- |
|
|
|
|
Year of
Establishment : |
May 2014 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
APVPP4125R |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Providing Tours and Travels Services. |
|
|
|
|
No. of Employees
: |
46 (40 in Office and 6 in Branch) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new proprietary concern incorporated on May 2014 and it is
yet to establishing itself gradually. Mr. Santosh Kumar, Chartered Accountant has provided information to us
and claimed that the concern will start its business operations after 2
months. Further he also claimed that financial information of 2014-2015
provided is of “Baba Tours and Travels” which is sister concern of subject
concern and transit tours and travels was the brand sister concern firm. However, subject concern is now operating with the brand name transit
tours and travels and operating separately. Payments are reported to be unknown. In view of recent establishment along with absence of business
operations, the concern can be considered for business dealings on a 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. Santosh Kumar |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9160955055 |
|
Date : |
26.06.2015 |
LOCATIONS
|
Registered/ Head Office : |
Survey No 2-5, Behind IOCL Petrol Pump, Pillar No 267, PVNR
Expressway, Shivarampally, Rajendra Nagar, Rangareddy - 500030, Telangana,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8142100000 (Mr. P. Pavan Chandra) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 Sq. ft. |
|
Location : |
Leased |
|
|
|
|
Branch Offices : |
Located at: ·
Amalapuram ·
Bangalore ·
Pune ·
Rajahamundry ·
Vishakhapatnam |
SOLE PROPRIETOR
|
Name : |
Mr. Pavan
Chandra Pidisetty |
|
Designation : |
Proprietor |
|
Address : |
1-8-430/20/A, Uma Gardens, Venkateshwara Temple Lane, Chikkadpally,
Hyderabad – 500020, Telangana,
India |
|
Date of Birth/Age : |
18.04.1986 |
|
Qualification : |
Bachelor Degree |
|
Experience : |
10 Years |
|
PAN No.: |
APVPP4125R |
|
Voter ID : |
GTR4201786 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Kumar |
|
Designation : |
Chartered Accountant |
BUSINESS DETAILS
|
Line of Business : |
Providing Tours and Travels Services. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Credit [90 Days] |
|
|
|
|
Purchasing : |
-- |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
46 (40 in Office and 6 in Branch) (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
-- |
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Mask and Associates Chartered Accountants |
|
Address : |
Sai Baba Nagar, Shivam Road, Hyderabad – 500044, Telangana, India |
|
Mobile No.: |
91-9177891111 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
· Baba Tours and Travels Address: Survey No. 2-5, Sagbowli Village, Behind I.O.C.L Petrol Pump, Pillar No.267, (PVNR Express Road), Rajendra Nagar, Hyderabad 500030, Andhra Pradesh, India Activity: Tours and Travels |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Million]
NEW BUSINESS
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 |
No |
|
19 |
Major customers |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
MR. PIDISETTY PAVAN CHANDRA
(RS. IN MILLION)
|
PARTICULARS |
31.03.2015 |
|
|
Income Chargeable under Business or Profession |
||
|
Remuneration received from Sai Baba Polymers Technologies Private
Limited, Hyderabad |
1.020 |
|
|
Less: Expenses incurred to earn the income |
0.048 |
|
|
|
0.972 |
|
|
|
||
|
Gross total Income |
0.972 |
|
|
|
||
|
Less: Deduction under Chapter VI A |
||
|
80C |
0.100 |
|
|
80D |
0.005 |
|
|
80GG |
0.024 |
0.129 |
|
|
-------------- |
|
|
Total Taxable Income |
0.843 |
|
|
Total Taxable Income
(Rounded off) |
0.843 |
|
|
Tax there on |
0.099 |
|
|
Edu. Cess |
0.003 |
|
|
Total tax payable |
0.102 |
|
|
Interest under sec 234A/ B/ C |
0.000 |
|
|
-------------- |
||
|
Total Tax and Interest
payable |
0.102 |
|
|
Total Tax and Interest
payable (Rounded off) |
0.102 |
|
|
-------------- |
||
|
Total taxes paid/ TDS |
0.102 |
|
|
Self assessment tax paid |
0.102 |
|
|
-------------- |
||
|
Tax Payable/ (Refund) |
0.000 |
|
------------------------------------------------------------------------------------------------------------------------------
DEBT COVERAGE RATIO STATEMENT
(RS. IN MILLION)
|
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
A. SOURCES |
|||||
|
Net Profit after
Taxation |
(14.581) |
8.114 |
12.076 |
15.795 |
19.318 |
|
Depreciation added back |
17.524 |
14.848 |
12.602 |
10.704 |
9.096 |
|
Interest |
11.115 |
12.509 |
9.683 |
6.856 |
4.030 |
|
Total |
14.058 |
35.471 |
34.360 |
33.356 |
32.444 |
|
B. Application |
|||||
|
Interest |
11.115 |
12.509 |
9.683 |
6.856 |
4.030 |
|
Repayment of Term Loan |
1.592 |
19.104 |
19.104 |
19.104 |
19.104 |
|
Total |
12.707 |
31.613 |
28.787 |
25.960 |
23.134 |
|
D S C R |
1.1 |
1.1 |
1.2 |
1.3 |
1.4 |
|
Average D S C R |
1.3 |
||||
------------------------------------------------------------------------------------------------------------------------------
BABA TOURS & TRAVELS AND TRANSIT TOURS
& TRAVELS
REPRESENTED BY PROPRIETOR: MR. P. PAVAN
CHANDRA
PROVISIONAL BALANCE SHEET
(RS. IN MILLION)
|
SOURCES OF FUNDS |
|
|
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital |
|
|
11.974 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(5.510) |
|
|
NETWORTH |
|
|
6.464 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
24.746 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
24.746 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
31.210 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
24.923 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
14.950 |
|
|
Cash & Bank Balances |
|
|
0.397 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.775 |
|
Total
Current Assets |
|
|
17.122 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
10.835 |
|
Total
Current Liabilities |
|
|
10.835 |
|
|
Net Current Assets |
|
|
6.287 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
31.210 |
|
------------------------------------------------------------------------------------------------------------------------------
BABA TOURS & TRAVELS AND TRANSIT TOURS
& TRAVELS
REPRESENTED BY PROPRIETOR: MR. P. PAVAN
CHANDRA
PROVISIONAL PROFIT AND LOSS ACCOUNT
(RS. IN MILLION)
|
|
PARTICULARS |
|
|
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
55.160 |
|
|
|
Other Income |
|
|
0.502 |
|
|
|
TOTAL |
|
|
55.662 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Andhra Pradesh Tax |
|
|
1.105 |
|
|
|
Batta Expenses |
|
|
2.719 |
|
|
|
Bus Maintenance |
|
|
2.398 |
|
|
|
Diesel Expenses |
|
|
19.910 |
|
|
|
Karnataka Tax |
|
|
2.547 |
|
|
|
Maharashtra Tax |
|
|
0.334 |
|
|
|
National Permit |
|
|
0.268 |
|
|
|
Pooja, Cleaning and Parking Exp-Buses |
|
|
0.473 |
|
|
|
Repair Expenses |
|
|
0.671 |
|
|
|
Salaries and Wages to Bus Staff |
|
|
2.408 |
|
|
|
Bus Expenses-OTR |
|
|
1.049 |
|
|
|
Interest on CC A/c |
|
|
1.268 |
|
|
|
Interest on Short Term Loan |
|
|
0.425 |
|
|
|
Interest on Long Term Loan |
|
|
3.032 |
|
|
|
Passenger Welfare Exp. |
|
|
1.811 |
|
|
|
Pickup Van |
|
|
1.730 |
|
|
|
Salaries-Administration |
|
|
1.940 |
|
|
|
Toll Expenses |
|
|
2.514 |
|
|
|
Other Expenses |
|
|
4.333 |
|
|
|
TOTAL |
|
|
50.935 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION AND AMORTISATION |
|
|
4.727 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
|
|
9.843 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
|
(5.116) |
|
NOTE:
“Baba Tours and Travels” which is sister concern of subject concern and
“Transit Tours and Travels” was the brand sister concern firm. However, subject
concern is now operating with the brand name “Transit Tours and Travels” and
operating separately.
------------------------------------------------------------------------------------------------------------------------------
COST AND PROFITABILITY STATEMENT
(RS. IN MILLION)
|
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
A. Sources of income |
50.00% |
85.00% |
85.00% |
85.00% |
85.00% |
|
Gross Receipts |
57.600 |
149.818 |
155.810 |
162.043 |
168.524 |
|
Gross Receipts |
57.600 |
149.818 |
155.810 |
162.043 |
168.524 |
|
|
|||||
|
B. Expected Expenses |
|||||
|
Commission or Discount |
6.417 |
16.690 |
17.357 |
18.052 |
18.774 |
|
Diesel |
13.236 |
41.701 |
43.786 |
45.975 |
48.274 |
|
Bus Staff Salary and Batta |
2.039 |
6.426 |
6.747 |
7.085 |
7.439 |
|
Tyre Cost |
1.140 |
3.564 |
3.707 |
3.855 |
4.009 |
|
Repairs and Maintenance |
2.350 |
7.409 |
7.779 |
8.168 |
8.577 |
|
Road Expenses |
2.016 |
6.350 |
6.668 |
7.001 |
7.351 |
|
Road Tax |
7.200 |
11.340 |
11.907 |
12.502 |
13.127 |
|
Refreshment and Other Accessories to
Passengers |
3.358 |
8.568 |
8.996 |
9.425 |
9.853 |
|
Administration Cost |
4.960 |
7.440 |
7.812 |
8.203 |
8.613 |
|
General expenses |
0.800 |
1.200 |
1.260 |
1.323 |
1.389 |
|
Professional Fee |
0.025 |
0.030 |
0.030 |
0.035 |
0.035 |
|
Interest on loans |
11.115 |
12.509 |
9.683 |
6.856 |
4.030 |
|
Depreciation and Amortisation w/off |
17.524 |
14.848 |
12.602 |
10.704 |
9.096 |
|
Total |
72.181 |
138.075 |
138.335 |
139.185 |
140.567 |
|
|
|||||
|
Net Profit (A-B) |
(14.581) |
11.743 |
17.476 |
22.858 |
27.957 |
|
|
|||||
|
Provision of Taxation
(@30.9%) |
0.000 |
3.628 |
5.400 |
7.063 |
8.639 |
|
|
|||||
|
Net Profit after Taxation |
(14.581) |
8.114 |
12.076 |
15.795 |
19.318 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS. IN MILLION)
|
PARTICULARS |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
LIABILITIES |
|||||
|
Own Capital |
0.000 |
6.783 |
12.497 |
22.172 |
35.567 |
|
Add: Further Capital Introduced |
23.163 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Add: Net Profit |
(14.581) |
8.114 |
12.076 |
15.795 |
19.318 |
|
8.583 |
14.897 |
24.572 |
37.967 |
54.885 |
|
|
|
|||||
|
Less: Drawings |
1.800 |
2.400 |
2.400 |
2.400 |
2.400 |
|
Net Capital |
6.783 |
12.497 |
22.172 |
35.567 |
52.485 |
|
Term Loan for New Buses |
93.308 |
74.204 |
55.100 |
35.996 |
16.892 |
|
Provision for Tax |
0.000 |
3.628 |
5.400 |
7.063 |
8.639 |
|
Payables |
0.413 |
0.620 |
0.651 |
0.685 |
0.718 |
|
|
|||||
|
Total |
100.504 |
90.949 |
83.323 |
79.310 |
78.734 |
|
ASSETS |
|||||
|
Depreciable Fixed Assets |
0.000 |
98.809 |
83.961 |
71.360 |
60.655 |
|
Additions |
116.333 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Depreciation |
17.524 |
14.848 |
12.602 |
10.704 |
9.096 |
|
Net block after depreciation |
98.809 |
83.961 |
71.360 |
60.655 |
51.559 |
|
Secured Deposits |
0.000 |
5.000 |
10.000 |
17.500 |
25.000 |
|
Deposits & Other Advances |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
|
Cash and Bank balance |
0.695 |
0.988 |
0.964 |
0.155 |
1.175 |
|
|
|||||
|
Total |
100.504 |
90.949 |
83.323 |
79.310 |
78.734 |
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
Subject is promoted to cater high quality
travelling services to customers for interstate travelers by Mr. Pavan Chandra
Piddishetty, Mr. Pavan (29) a Postgraduate in Business Administration, hails
from a family of industrialist and entrepreneurs, he is the Board of Director
of the Baba Group of Companies. Baba Group of Companies operates in 6 states
across India with 22 manufacturing facilities and 12 dedicated depots. Mr.
Pavan is the Director of the Group’s major companies Sai Baba Polymer
Technologies private Limited, Baba Container Manifacturers, Baba Logistics,
Chandra Container Manufacturers and he also takes care of 7 Retail outlets of
Petroleum products in AP.
The Group’s businesses are spread across a
swath of industries. These includes manufacturing of packing material like
plastic pails, barrels, bitumen drums, conical pails and also into retail and
trading of petroleum products in Andhra Pradesh. The group has a consolidated
turnover of Rs. 2500.000 Million and impeccable track record of over 3 decades.
Mr. Pavan took over as Director (Operations)
of the Group in 2007, at the age of 21. As a Board of Director, Mr. Pavan has
taken the Baba Group of Companies to an altogether higher growth trajectory. In
the 5 years that he has been at the helm of the Group, he has accelerated
growth, built a meritocracy, in the process he was instrumental in increasing the
group’s turnover by more than 50%. Mr. Pavan has restructured the businesses to
emerge as a global/national leader in the sectors in which the Group operates.
He is also in the process of making some strategic acquisitions. Besides these,
over the years Mr. Pavan has acquired manufacturing plants in Chennai,
Karnataka, Haryana, Uttar Pradesh. Alongside, he has expanded capabilities in
all of the Group’s manufacturing units.
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. PAVAN CHANDRA
PIDISETTY
(RS. IN MILLION)
|
PARTICULARS |
SITUATION |
EXTENT |
MARKET VALUE |
|
|
|
|
|
|
Land |
Shamshabad, Ranga Reddy District, Telangana, India |
1 Acre |
15.000 |
|
|
|
|
|
|
Buildings |
-- |
-- |
-- |
|
|
|
|
|
|
Others (Specify) |
-- |
-- |
-- |
|
|
|
|
|
|
Total Immovable
Property |
|
|
15.000 |
|
|
|
|
|
|
Movable Properties |
|
|
|
|
Cash and Bank Balance |
|
|
0.053 |
|
|
|
|
|
|
Investment in Business in Associate Firm |
|
|
11.669 |
|
|
|
|
|
|
Life Policies (Surrendered Value) |
|
|
5.000 |
|
|
|
|
|
|
Jewellery (Purchase Cost) |
|
|
1.500 |
|
|
|
|
|
|
Total Movable
Assets |
|
|
18.222 |
|
|
|
|
|
|
Total Assets |
|
|
33.222 |
|
|
|
|
|
|
Less: Liabilities |
|
|
|
|
Borrowings |
|
|
|
|
Source |
|
|
|
|
Baba Container Manufacturers |
|
|
129.037 |
|
Chandra Container Manufacturers |
|
|
65.933 |
|
Saibaba Polymer Technologies Private Limited
|
|
|
216.566 |
|
|
|
|
|
|
Total
Liabilities |
|
|
411.536 |
|
|
|
|
|
|
NET ASSETS |
|
|
(378.314) |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Name of the Applicant |
Transit Tours And Travels |
||||||||||||||||
|
|
|
||||||||||||||||
|
Type of Property |
Residential flats |
||||||||||||||||
|
|
|
||||||||||||||||
|
Bank and Branch |
Bank of India, Adikmet Branch, Hyderabad For security |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name and contact details of present owner of
the property |
Mr. K. Sandeep Kumar s/o Late K. Venkata Rao |
||||||||||||||||
|
|
|
||||||||||||||||
|
Date of request from Bank |
23.06.2015 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Valuation done by Date of Property inspected: Accompanied Bank Official: Accompanied owner/ represent: |
G.D. Rao and Associates Engineers 24.06.2015 -- Owner’s rep., Mr. Sandeep has coordinated with
them in identifying the property. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Complete schedule of the property |
Residential flats, flat no. 404 in fourth
floor, 501 and 503 in fifth floor, Complex name “Sai Swarna Palace”, Plot No.
3, Survey No. 148 and 149 part, situated at Jupally Colony, Yapral Village,
GHMC, Alwal Circle, Malkajgiri Mandal, Ranga Reddy District. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Description and location of the
property |
Subject residential flats are located in
different floors of Sai Swarna Palace. It is 1.25 km interior Yapral Village
Chowrasta, lying after Boddu Kamalamma Function Hall and Shaili Garden
Colony. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Boundaries of Complex
Boundaries Flat No. 501
|
Flat No. 404 Open to sky Flat No. 403 Stair case and Corridor Open to Sky Flat No. 503 Flat No. 504 Open to sky Stair case and Corridor Open to sky |
||||||||||||||||
|
|
|
||||||||||||||||
|
Whether boundaries of property as in
Agreement of Sale/ Link document matching with actual boundaries sighted
during inspection |
Matching |
||||||||||||||||
|
|
|
||||||||||||||||
|
Type of locality |
Middle Class |
||||||||||||||||
|
|
|
||||||||||||||||
|
Development on surrounding area |
Developed as a residential zone |
||||||||||||||||
|
|
|
||||||||||||||||
|
Availability of amenities like road, water
electricity and underground drainage |
Yes, available |
||||||||||||||||
|
|
|
||||||||||||||||
|
Distance from Bank (in Kms) |
About 17 Km |
||||||||||||||||
|
|
|
||||||||||||||||
|
Approved use as per Municipal / Gram
Panchayath Plan |
Residential |
||||||||||||||||
|
|
|
||||||||||||||||
|
Actual use by occupant |
Residential |
||||||||||||||||
|
|
|
||||||||||||||||
|
Name of competent approving authority |
GHMC |
||||||||||||||||
|
|
|
||||||||||||||||
|
Total no. of floors - Approved - Actual |
Parking in Stilt, Four Flats in each Five
upper floors. Parking in Stilt, Four Flats in each Five
upper floors. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Overall quality of Construction |
Good |
||||||||||||||||
|
|
|
||||||||||||||||
|
Total area of land (in Sq. yd.) |
844.50 Sq. yd. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Extent of undivided share of land (UDS) for
flat purchase cases |
126.66 Sq. yd. for three flats put together (42.22 Sq. yd. for each flat) |
||||||||||||||||
|
|
|
||||||||||||||||
|
Plinth area/ Built up area approved as per
plan (in Sq. ft.) |
1010 Sq. ft. for each 404 and 503, 980 Sq.
ft. for 501. (Total 3000 Sq. ft.) |
||||||||||||||||
|
|
|
||||||||||||||||
|
Whether the property is on the main
road |
No |
||||||||||||||||
|
|
|
||||||||||||||||
|
Whether the property is subject to road
widening in future? If yes, indicate the effect. |
No |
||||||||||||||||
|
|
|
||||||||||||||||
|
Whether the property is occupied by tenant or
owner |
Ready for occupation |
||||||||||||||||
|
|
|
||||||||||||||||
|
Whether the property is mortgaged to
GHMC/HUDA or does it fall in Tot lot. |
Yes, but released as per occupancy
certificate vide no. 79100/20/11/2012 dated 19.02.2013 issued by GHMC. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Proposed specifications: Type of Construction Superstructure Wall finishing Flooring Doors Windows Cupboards Kitchen facility Toilet facility Drainage facility Water facility |
RCC framed structure Brick walls in C.M. Plastering in C.M. and luppum Marble Main door in Teak wood Teak wood frames with glass shutters Open Glazed tiles dedoing upto 2’ ht. Glazed tiles dedoing upto 5’ ht. Connected to main line Common water supply |
||||||||||||||||
|
|
|
||||||||||||||||
|
Market value of the property (Rs.) based on comparative
valuation method |
Subject flat being located in good
residential area, out-right sale value of the flats including value of the
undivided share of land in and around is ranging from Rs. 2200/- to Rs.
2500/- per Sq. ft. however, a net rate of Rs. 2500/- per Sq. ft. is taken
into consideration. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Less depreciation for 3 years on structural
value: Net rate considered: Total value of the flats: |
Not applicable Rs. 2500/- per Sq. ft. Rs. 7.500 Million (Rs. 2500/- x 3000 Sq.
ft.) |
||||||||||||||||
|
|
|
||||||||||||||||
|
Value of extra amenities like car parking,
electricity, water, drainage and other facilities |
Rs. 0.900 Million for car parking’s and
amenities (Rs. 300000/- per each flat) |
||||||||||||||||
|
|
|
||||||||||||||||
|
Total Market Value of the Property |
Rs. 8.400 Million |
||||||||||||||||
|
|
|
||||||||||||||||
|
Value of land as per local Sub-Registrar
Office (Card value) |
Rs. 4.500 Million (Rs. 1500/- per Sq. ft. x 3000 Sq. ft.) |
||||||||||||||||
|
|
|
||||||||||||||||
|
Realizable value of the property (about 90%
of the total market value) |
Rs. 7.560 Million |
||||||||||||||||
|
|
|
||||||||||||||||
|
Distress sale value of the property (about
80% of the total market value) |
Rs. 6.720 Million |
||||||||||||||||
|
|
|
||||||||||||||||
|
Present stage of construction and percentage
of work completed |
100% completed |
||||||||||||||||
|
|
|
||||||||||||||||
|
Year of construction |
2012 |
||||||||||||||||
|
|
|
||||||||||||||||
|
Age of the property |
3 years |
||||||||||||||||
|
|
|
||||||||||||||||
|
Residual life of the property |
About 77 years |
||||||||||||||||
|
|
|
||||||||||||||||
|
Pending works to be completed |
Nil |
||||||||||||||||
|
|
|
||||||||||||||||
|
As per local enquiry, who is the current
owner of property |
Mr. K. Sandeep Kumar s/o. Late K. Venkata Rao |
||||||||||||||||
|
|
|
||||||||||||||||
|
Insurable value of the property |
Rs. 3.600 Million in completed condition |
||||||||||||||||
|
|
|
||||||||||||||||
|
Expected Monthly Rent |
Rs. 15000/- three flats put together |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Name of the Applicant |
Transit Tours And Travels |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Type of Property |
Residential flats |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Bank and Branch |
Bank of India, Adikmet Branch, Hyderabad For security |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name and contact details of present owner of
the property |
Transit Tours And Travels, rep., by its proprietor, Mr. P. Pavan
Chandra |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Date of request from Bank |
23.06.2015 |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Valuation done by Date of Property inspected: Accompanied Bank Official: Accompanied owner/ represent: |
G.D. Rao and Associates Engineers 24.06.2015 -- Owner’s rep., Mr. Sandeep has coordinated with
them in identifying the property. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Complete schedule of the property |
Residential flats, flat no. 101 in first
floor, 202 and 204 in second floor, 301 and 303 in third floor and 402 in fourth
floor, Complex name “Sai Swarna Palace”, Plot No. 3, Survey No. 148 and 149
part, situated at Jupally Colony, Yapral Village, GHMC, Alwal Circle,
Malkajgiri Mandal, Ranga Reddy District.
|
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Description and location of the
property |
Subject residential flats are located in
different floors of Sai Swarna Palace. It is 1.25 km interior Yapral Village
Chowrasta, lying after Boddu Kamalamma Function Hall and Shaili Garden
Colony. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Boundaries of Complex
Boundaries Flat No. 202
Boundaries Flat No. 301
Boundaries Flat No. 402
|
Flat No. 101 Open to sky Flat No. 102 Open to Sky Stair case and Corridor Flat No. 204 Open to sky Flat No. 203 Stair case and Corridor Open to sky Flat No. 303 Flat No. 304 Open to sky Stair case and Corridor Open to sky |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Whether boundaries of property as in
Agreement of Sale/ Link document matching with actual boundaries sighted
during inspection |
Matching |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Type of locality |
Middle Class |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Development on surrounding area |
Developed as a residential zone |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Availability of amenities like road, water
electricity and underground drainage |
Yes, available |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Distance from Bank (in Kms) |
About 17 Km |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Approved use as per Municipal / Gram
Panchayath Plan |
Residential |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Actual use by occupant |
Residential |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name of competent approving authority |
GHMC |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Total no. of floors - Approved - Actual |
Parking in Stilt, Four Flats in each Five
upper floors. Parking in Stilt, Four Flats in each Five upper
floors. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Overall quality of Construction |
Good |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Total area of land (in Sq. yd.) |
844.50 Sq. yd. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Extent of undivided share of land (UDS) for
flat purchase cases |
253.32 Sq. yd. for six flats put together (42.22 Sq. yd. for each flat) |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Plinth area/ Built up area approved as per
plan (in Sq. ft.) |
-- |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Plinth area of the flat/ each floor in Sq.
ft. |
1010 Sq. ft. for each 204 and 303, 980 Sq.
ft. for each 101, 202, 301 and 402. (Total 5940 Sq. ft.) |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Whether the property is on the main
road |
No |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Whether the property is subject to road
widening in future? If yes, indicate the effect. |
No |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Whether the property is occupied by tenant
or owner |
Ready for occupation |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Whether the property is mortgaged to
GHMC/HUDA or does it fall in Tot lot. |
Yes, but released as per occupancy
certificate vide no. 79100/20/11/2012 dated 19.02.2013 issued by GHMC. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Proposed specifications: Type of Construction Superstructure Wall finishing Flooring Doors Windows Cupboards Kitchen facility Toilet facility Drainage facility Water facility |
RCC framed structure Brick walls in C.M. Plastering in C.M. and luppum Marble Main door in Teak wood Teak wood frames with glass shutters Open Glazed tiles dedoing upto 2’ ht. Glazed tiles dedoing upto 5’ ht. Connected to main line Common water supply |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Market value of the property (Rs.) based on comparative
valuation method |
Subject flat being located in good
residential area, out-right sale value of the flats including value of the
undivided share of land in and around is ranging from Rs. 2200/- to Rs.
2500/- per Sq. ft. however, a net rate of Rs. 2500/- per Sq. ft. is taken
into consideration. |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Less depreciation for 3 years on structural
value: Net rate considered: Total value of the flats: |
Not applicable Rs. 2500/- per Sq. ft. Rs. 14.850 Million (Rs. 2500/- x 5940 Sq.
ft.) |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Value of extra amenities like car parking,
electricity, water, drainage and other facilities |
Rs. 1.800 Million for car parking’s and
amenities (Rs. 300000/- per each flat) |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Total Market Value of the Property |
Rs. 16.650 Million |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Value of land as per local Sub-Registrar
Office (Card value) |
Rs. 8.910 Million Approximately (Rs. 1500/- per Sq. ft. x 5940 Sq. ft.) |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Realizable value of the property (about 90%
of the total market value) |
Rs. 14.985 Million |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Distress sale value of the property (about
80% of the total market value) |
Rs. 13.320 Million |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Present stage of construction and percentage
of work completed |
100% completed |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Year of construction |
2012 |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Age of the property |
3 years |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Residual life of the property |
About 77 years |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Pending works to be completed |
Nil |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
As per local enquiry, who is the current
owner of property |
Transit Tours And Travels |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Insurable value of the property |
Rs. 7.128 Million |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Expected Monthly Rent |
Rs. 30000/- three flats put together |
------------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its
beneficial owners, controlling shareholders or senior officers as terrorist or
terrorist organization or whom notice had been received that all financial
transactions involving their assets have been blocked or convicted, found
guilty or against whom a judgement or order had been entered in a proceedings
for violating money-laundering, anti-corruption or bribery or international
economic or anti-terrorism sanction laws or whose assets were seized, blocked,
frozen or ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the
property or assets of the subject are derived from criminal conduct or a
prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No
record exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government official.
9] Compensation Package :
Our
market survey revealed that the amount of compensation sought by the subject is
fair and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.92 |
|
|
1 |
Rs. 100.40 |
|
Euro |
1 |
Rs. 70.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.