MIRA INFORM REPORT

Report No. :	310628
Report Date :	10.03.2015

IDENTIFICATION DETAILS

Name :	LAXMIDEEP ENGINEERS
Registered Office :	Bungalow No. 35, Greenpark Society, Opposite City Gold Multiplex, Ambli Bopal Road, Bopal, Ahmedabad – 380058, Gujarat
Country :	India
Financials (as on) :	--
Date of Establishment :	18.07.2014
Capital Investment :	Not Divulged
PAN No.: [Permanent Account No.]	AAFFL4486L
Legal Form :	Partnership Concern with an Unlimited Liability of the Partners
Line of Business :	Manufacturer of PP and HDPE Sheets.
No. of Employees :	31 (5 in Office and 26 in Factory) (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 partnership concern and yet to establish itself gradually. Mr. Jayprakash Bajaj, Partner provided all information and also confirmed that the concern will commence its operations from April 2015. Payment terms are unknown. The concern can be considered for business dealings on a fully safe and secured trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

NOT AVAILABLE

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Jayprakash Laxmichand Bajaj
Designation :	Partner
Contact No.:	91-9824023515
Date :	09.03.2015

Name :	Mr. Doulatram Ghanshyamdas Kakwani
Designation :	Partner
Contact No.:	91-9825015297
Date :	09.03.2015

LOCATIONS

Registered Office :	Bungalow No. 35, Greenpark Society, Opposite City Gold Multiplex, Ambli Bopal Road, Bopal, Ahmedabad – 380058, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-9824023515 [Mr. Jayprakash Laxmichand Bajaj] 91-9825015297 [Mr. Doulatram Ghanshyamdas Kakwani]
Fax No.:	Not Available
E-Mail :	jpbajaj1954@gmail.com
Area :	20000 Sq. ft.
Location :	Leased
Factory :	Block No.76, Mouje Vasna – Chacharwadi, Taluka Sanand, District Ahmedabad, Gujarat, India
Area :	20000 Sq. ft.
Location :	Leased

PARTNERS

Name :	Mr. Jayprakash Laxmichand Bajaj
Designation :	Partner
Address :	14/C, Ashok Vatika, Near Iskcon Cross Roads, Off. S.G. Road, Satellite, Ahmedabad – 380015, Gujarat, India
Date of Birth/Age :	05.12.1954
Qualification :	B. Com
PAN No.:	AATPB7498Q
Passport No.:	Z2781868
Name :	Mrs. Diptiben Jayprakash Bajaj
Designation :	Partner
Address :	14/C, Ashok Vatika, Near Iskcon Cross Roads, Off. S.G. Road, Satellite, Ahmedabad – 380015, Gujarat, India
Date of Birth/Age :	23.05.1960
Qualification :	B. Sc.
PAN No.:	AFBPB1966J
Passport No.:	G7298148
Name :	Mr. Daulatram Ghanshyamdas Kakwani
Designation :	Partner
Address :	35, Green Park Bungalows, Ambli Bopal Road, Ahmedabad – 380058, Gujarat, India
Date of Birth/Age :	08.02.1954
Qualification :	H.S.C.
PAN No.:	ACFPK3352G
Voter ID :	LPZ8219644
Passport No.:	H5349069
Name :	Mr. Anand Daulatram Kakwani
Designation :	Partner
Address :	35, Green Park Bungalows, Ambli Bopal Road, Ahmedabad – 380058, Gujarat, India
Date of Birth/Age :	13.07.1976
Qualification :	H.S.C.
PAN No.:	ABQPK8265Q
Voter ID :	LPZ8219636
Passport No.:	G0572442
Name :	Mr. Nirmal Daulatbhai Kakwani
Designation :	Partner
Address :	35, Green Park Bungalows, Ambli Bopal Road, Ahmedabad – 380058, Gujarat, India
Date of Birth/Age :	26.05.1983
Qualification :	H.S.C.
PAN No.:	AIRPK5850H
Passport No.:	H9041411
Voter ID :	LPZ8219610

BUSINESS DETAILS

Line of Business :	Manufacturer of PP and HDPE Sheets.
Brand Names :	--
Agencies Held :	--
Exports :
Products :	--
Countries :	--
Imports :
Products :	--
Countries :	--
Terms :
Selling :	--
Purchasing :	--

PRODUCTION STATUS

PRODUCTS	INSTALLED CAPACITY [KGS.]	ACTUAL PRODUCTION [KGS.]
PP and HDPE Sheets	1200000	720000

GENERAL INFORMATION

Suppliers :

Reference:	R.R. Plast Extrusions Private Limited
Name of the Person (Designation):	Ms. Seema [Sales Department]
Contact Number:	91-22-42461525
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	She confirmed that they will be doing business with them in future.

Customers :

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

No. of Employees :

31 (5 in Office and 26 in Factory) (Approximately)

Bankers :

Bank Name:	Bank of India
Branch:	Super Plaza, Sandesh Press Road, Vastrapur, Ahmedabad – 380054, Gujarat, India
Person Name (with Designation):	Mr. P. K. Sharma [Chief Manager]
Contact Number:	91-79-26762131/ 26761696
Name of Account Holder:	Laxmideep Engineers
Account Number:	203820110000671
Account Since (Date/ Year of A/c Opening):	24.02.2015
Average Balance Maintained (Optional):	Rs. 0.010 Million
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	New Account
Remarks:	--

Facilities :

--

Auditors :

Not Available

Associates/Subsidiaries :

· Airtouch Technologies Private Limited Address: Anand 5, Darshan Society, Near Kailash Tower, Navrangpura, Ahmedabad, Gujarat, India Activity: Technology Development and Upgradation. · Dipti Communication Private Limited Address: Anand 5, Darshan Society, Near Stadium Cross Road, Navrangpura, Ahmedabad, Gujarat, India Activity: Distribution of Electronic Appliances. · Gujarat Geletin Limited Address: Anand 5, Darshan Society, Near Kailash Tower, Navrangpura, Ahmedabad, Gujarat, India Activity: Processing of Chemicals. · Laxmi Engineering Works Address: 1, Ravi Industrial Estate, Near Kothari Bus Stop, Santej, District Ahmedabad, Gujarat, India Activity: Manufacturing of Sheets and Bars of various Plastic Materials. · Laxmi Sales Corporation Address: 1, Ravi Industrial Estate, Near Kothari Bus Stop, Santej, District Ahmedabad, Gujarat, India Activity: Manufacturing of Engineering Goods. · Sharda Infra Construction Private Limited Address: 95, 9^th Floor, City Center, Near Swastik Char Rasta, C.G. Road, Navrangpura, Ahmedabad - 380009, Gujarat, India Activity: Construction Business. · Sharda Organiser and Buildcon Private Limited Address: 95, 9^th Floor, City Center, Near Swastik Char Rasta, C.G. Road, Navrangpura, Ahmedabad - 380009, Gujarat, India Activity: Construction Business. · Sheetal Agency Address: 1, Ravi Industrial Estate, Near Kothari Bus Stop, Santej, District Ahmedabad, Gujarat, India Activity: Manufacturing of Sheets and Bars of various Plastic Materials. · Shukan Builders Private Limited Address: Zodiac Square, S.G. Thaltej, Ahmedabad - 380054, Gujarat, India Activity: Construction and Leasing of Properties.

CAPITAL STRUCTURE

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

FINANCIAL DATA

[all figures are in Rupees Millions]

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]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	No
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	No
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	Yes
26]	Buyer visit details	--
27]	Financials, if provided	No
28]	Incorporation details, if applicable	No
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	No
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
34]	External Agency Rating, if available	No

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

COST OF PROJECT

(RS. IN MILLIONS)

SR. NO	PARTICULARS	EXPANSION / NEW			GRAND TOTAL
		Already Incurred	Proposed to be Incurred	Proposed Total
1	Land and Site Development	--	--	0.000	0.000
2	Factory Building	--	--	0.000	0.000
3	Office Building	--	--	0.000	0.000
4	Plant and Machinery
	- Imported	--	--	0.000	0.000
	- Indigenous	--	14.500	14.500	14.500
5	Electric Installation	--	0.250	0.250	0.250
6	Furniture and Fixtures	--	--	0.000	0.000
7	Computers	--	--	0.000	0.000
8	Vehicles	--	--	0.000	0.000
9	Contingencies	--	0.000	0.000	0.000
	CAPITAL COST OF PROJECT	0.000	14.750	14.750	14.750
10	Preliminary and Preoperative Expenses	0.000	0.200	0.200	0.200
11	Deferred Tax Assets	0.000	--	0.000	0.000
12	Investments	0.000	--	0.000	0.000
13	Working Capital required [Including Margin Money]	0.000	--	0.000	0.000
14	Cash and Bank Balance	0.000	11.700	11.700	11.700
	CAPITAL COST OF PROJECT	0.000	26.650	26.650	26.650

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

MEANS OF FINANCE

(RS. IN MILLIONS)

SR. NO	PARTICULARS	EXPANSION / NEW			GRAND TOTAL
		Already Incurred	Proposed to be Incurred	Proposed Total
1	Partners’ Capital	--	6.000	6.000	6.000
2	Cash Subsidy [CLCSS]	--	1.500	1.500	1.500
3	General Reserve	--	--	0.000	0.000
4	Profit and Loss [Surplus] Account	--	--	0.000	0.000
	Shareholders’ Funds	0.000	7.500	7.500	7.500
5	Deferred Tax Liability	--	--	0.000	0.000
6	Term Loans
	- Bank Term Loans	--	9.550	9.550	9.550
7	Unsecured Loans
	- Interest Free Deposits	--	0.000	0.000	0.000
	- Interest Bearing Deposits	--	9.600	9.600	9.600
	Loans Funds	0.000	19.150	19.150	19.150
	TOTAL LONG TERM FUNDS	0.000	26.650	26.650	26.650
8	Working Capital Loans	--	0.000	0.000	0.000
	TOTAL MEANS OF FINANCE	0.000	26.650	26.650	26.650

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

PROJECTED DEBT SERVICE COVERAGE RATIO

(RS. IN MILLIONS)

SR. NO	PARTICULARS	31.03.2016 Estimates	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection	31.03.2020 Projection
1	Cash Accruals	3.120	3.207	3.375	3.498	3.567
2	Total Interest on Term Loan	1.337	1.226	1.003	0.780	0.557
	Total	4.457	4.432	4.378	4.278	4.124
3	Total Term Loan Repayment	0.000	1.592	1.592	1.592	1.592
4	Total Interest on Term Loan	1.337	1.226	1.003	0.780	0.557
	Total	1.337	2.817	2.594	2.372	2.149
	DSCR	3.33	1.57	1.69	1.80	1.92
	Average DSCR	1.96

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BREAK EVEN SALES

(RS. IN MILLIONS)

SR. NO	PARTICULARS	VARIABLE FIXED %	AMOUNT	AMOUNT
A	Sales at 100% Capacity			138.000
B	Variable Cost at 100% Capacity
	Raw Material Consumption	100%	104.400
	Stores, Spares and Consumable	100%	1.044
	Power and Fuel
	- Power	80%	3.166
	- Fuel	100%	0.000
	Direct Labour and Wages	70%	2.888
	Other Manufacturing Expenses	100%	1.332
	Administrative Expenses	50%	1.478
	Selling and Distribution Expenses	100%	1.380
	Total Variable Cost			115.687
C	Fixed Overheads
	Power and Fuel	20%	0.792
	Direct Labour and Wages	30%	1.238
	Repairs and Maintenance	100%	0.791
	Depreciation [Average of 7 Years]	100%	1.525
	Interest and Financial Charges [Average of 7 Years]	100%	1.834
	Administrative Expenses	50%	1.478
	Total Fixed Overheads			7.656
D	Contribution at 100% Capacity
	[Sales – Variable Cost]			22.313
E	Profit / Volume Ratio
	[Contribution / Sales]			16.17%
F	Break Even Sales
	[Fixed Overheads / PV Ratio]			47.352
G	Break Even Point
	[Break Even Sales / Sales at 100% Capacity]			34.31%

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

PROJECTED BALANCE SHEETS

(RS. IN MILLIONS)

SR. NO	PARTICULARS	31.03.2016 Estimates	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection	31.03.2020 Projection
A	LIABILITIES
1	Shareholders’ Funds
	- Equity Share Capital	6.000	6.000	6.000	6.000	6.000
	- General Reserves	0.000	0.000	0.000	0.000	0.000
	- Profit and Loss [Surplus] Account	1.555	3.196	5.007	6.939	8.942
	- Cash Subsidy	1.500	1.500	1.500	1.500	1.500
	Total	9.055	10.696	12.507	14.439	16.442
2	Deferred Taxes Liability	0.000	0.000	0.000	0.000	0.000
3	Loans Funds
	- Term Loans from Banks	9.550	7.958	6.367	4.775	3.183
	- Working Capital Loans	0.000	0.000	0.000	0.000	0.000
	- Unsecured Loans	9.600	9.600	9.600	9.600	9.600
	Total	19.150	17.558	15.967	14.375	12.783
	TOTAL LIABILITIES	28.205	28.255	28.473	28.814	29.225
B	ASSETS
1	Fixed Assets
	- Gross Block	14.750	14.750	14.750	14.750	14.750
	- Depreciation upto date	1.525	3.050	4.575	6.101	7.626
	- Net Block	13.225	11.700	10.175	8.649	7.124
2	Investments [Replacement Res.]	2.000	2.000	2.500	3.500	4.500
3	Current Assets, Loans and Advances
	- Raw Material Stock	2.574	2.789	3.003	3.218	3.432
	- Stores and Spares Stock	0.051	0.056	0.060	0.064	0.069
	- Goods in Process Stock	0.590	0.637	0.683	0.730	0.777
	- Finished Goods Stock	1.377	1.486	1.594	1.703	1.812
	- Sundry Debtors	6.619	7.357	7.924	8.491	9.058
	- Other Current Assets	1.089	1.144	1.200	1.255	1.313
	- Cash and Bank Balance	1.120	1.607	1.939	1.893	1.918
	Gross Current Assets	13.420	15.076	16.403	17.354	18.378
	Less: Current Liabilities and Provision
	- Creditors for Goods	0.000	0.000	0.000	0.000	0.000
	- Creditors for Expenses	0.385	0.405	0.424	0.443	0.463
	- Other Current Liabilities	0.215	0.237	0.260	0.286	0.315
	Total Current Liabilities	0.600	0.641	0.684	0.729	0.777
	Net Current Assets	12.820	14.435	15.719	16.625	17.601
4	Miscellaneous Expenditure
	- P & P Expenses	0.160	0.120	0.080	0.040	0.000
	- Profit and Loss Account [Dr. Bal.]	--	--	--	--	--
	Total Assets	28.205	28.255	28.473	28.814	29.225
5	NETWORTH	8.895	10.576	12.427	14.399	16.442

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COST OF PRODUCTION AND PROFITABILITY STATEMENT

(RS. IN MILLIONS)

SR. NO	PARTICULARS	31.03.2016 Estimates	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection	31.03.2020 Projection
1	Average Capacity Utilisation (%)	60.00%	65.00%	70.00%	75.00%	80.00%
2	Sales
	- Export Sales	0.000	0.000	0.000	0.000	0.000
	- Local Sales	80.532	89.511	96.411	103.311	110.211
	Total Sales	80.532	89.511	96.411	103.311	110.211
3	Other Income	0.000	0.000	0.000	0.000	0.000
	Total Income	80.532	89.511	96.411	103.311	110.211
4	Cost of Production
	Raw Material Consumption
	- Imported	0.000	0.000	0.000	0.000	0.000
	- Indigenous	62.640	67.860	73.080	78.300	83.520
	Stores, Spares and Consumable
	- Imported	0.000	0.000	0.000	0.000	0.000
	- Indigenous	0.626	0.679	0.731	0.783	0.835
	Power and Fuel	2.691	2.849	3.008	3.166	3.324
	Direct Labour and Wages	2.970	3.114	3.259	3.403	3.548
	Repairs and Maintenance	0.548	0.575	0.602	0.630	0.657
	Other Manufacturing Expenses	0.799	0.866	0.932	0.999	1.066
	Depreciation	1.525	1.525	1.525	1.525	1.525
	Total Cost of Production	71.799	77.468	83.137	88.806	94.475
	Add: Opening Stock of GIP and FG	0.000	1.967	2.123	2.277	2.433
	Less: Closing Stock of GIP and FG	1.967	2.123	2.277	2.433	2.589
	Cost of Goods sold	69.832	77.312	82.983	88.650	94.319
5	Gross Profit	10.699	12.199	13.428	14.661	15.892
6	Interest and Financial Charges
	- On Term Loans	1.337	1.226	1.003	0.780	0.557
	- On Working Capital Limits	0.000	0.000	0.000	0.000	0.000
	- On Unsecured Loans	0.576	1.152	1.152	1.152	1.152
	Total Interest	1.913	2.378	2.155	1.932	1.709
7	Administrative Expenses	2.364	2.438	2.512	2.586	2.660
8	Selling and Distribution Expenses	0.805	0.895	0.964	1.033	1.102
9	Operating Profit	5.617	6.488	7.797	9.110	10.421
10	Other Non-operating Expenses
	- P & P written off	0.040	0.040	0.040	0.040	0.040
	- Partners Interest	0.720	0.907	1.290	1.891	2.724
	- Partner Remuneration	2.914	3.325	3.880	4.308	4.595
11	Profit before Tax	1.943	2.217	2.587	2.872	3.063
12	Provision for Taxation	0.388	0.575	0.777	0.939	1.061
13	Profit after Tax	1.555	1.642	1.810	1.933	2.002
14	Add: Depreciation	1.525	1.525	1.525	1.525	1.525
	P & P written off	0.040	0.040	0.040	0.040	0.040
15	Cash Accruals	3.120	3.207	3.375	3.498	3.567
16	Gross Profit Ratio	13.29%	13.63%	13.93%	14.19%	14.42%
17	Net Profit Ratio	2.41%	2.48%	2.68%	2.78%	2.78%

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CASH FLOW STATEMENTS

(RS. IN MILLIONS)

SR. NO	PARTICULARS	31.03.2016 Estimates	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection	31.03.2020 Projection
A.	SOURCES OF FUNDS
1	Depreciation with Interest added back	3.856	4.594	4.742	4.804	4.772
2	Depreciation	1.525	1.525	1.525	1.525	1.525
3	P & P written off	0.040	0.040	0.040	0.040	0.040
4	Increase in Capital	6.000	--	--	--	--
5	Increase in Subsidy	1.500	--	--	--	--
6	Increase in Term Loans	9.550	--	--	--	--
7	Increase in Working Capital Loan	0.000	0.000	0.000	0.000	0.000
8	Increase in Unsecured Loans	9.600	--	--	--	--
9	Sale of Fixed Assets	--	--	--	--	--
10	Increase in Current Liabilities	0.600	0.041	0.043	0.045	0.048
11	Decrease in Current Assets
	- Inventories	0.000	0.000	0.000	0.000	0.000
	- Debtors	0.000	0.000	0.000	0.000	0.000
	- Other Current Assets	0.000	0.000	0.000	0.000	0.000
12	Others	0.000	0.000	0.000	0.000	0.000
	TOTAL SOURCES OF FUNDS	32.671	6.200	6.350	6.414	6.385
B.	DISPOSITION OF FUNDS
1	Increase in P & P Expenses	0.200	--	--	--	--
2	Increase in Capital Expenditure	14.750	0.000	0.000	0.000	0.000
3	Increase in Current Assets
	- Inventories	4.592	0.376	0.372	0.375	0.374
	- Debtors	6.619	0.738	0.567	0.567	0.567
	- Other Current Assets	1.089	0.055	0.056	0.056	0.57
4	Decrease in Current Liabilities	0.000	0.000	0.000	0.000	0.000
5	Repayment of Long term Loans	0.000	1.592	1.592	1.592	1.592
6	Repayment of Unsecured Loans	0.000	0.000	0.000	0.000	0.000
7	Increase in Investments	2.000	0.000	0.500	1.000	1.000
8	Interest	1.913	2.378	2.155	1.932	1.709
9	Taxation	0.388	0.575	0.777	0.939	1.061
10	Dividend / Withdrawals	0.000	0.000	0.000	0.000	0.000
	TOTAL DISPOSITION OF FUNDS	31.551	5.713	6.018	6.460	6.360
C.	Opening Cash Balance	0.000	1.120	1.607	1.939	1.893
D.	Net Surplus	1.120	0.487	0.332	(0.046)	0.025
E.	Closing Cash Balance	1.120	1.607	1.939	1.893	1.918

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

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLIONS)

SR. NO		PARTICULARS	31.03.2016 Estimates	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection	31.03.2020 Projection
1.		Gross Sales
	1	Domestic Sales	80.532	89.511	96.411	103.311	110.211
	2	Export Sales	0.000	0.000	0.000	0.000	0.000
		Total	80.532	89.511	96.411	103.311	110.211
2		Less: Excise Duty	--	--	--	--	--
3		Net Sales	80.532	89.511	96.411	103.311	110.211
4		%age rise (+) or fall (-) in net sales as compared to previous year	0.00	11.15	7.71	7.16	6.68
5		Cost of Sales
	1	Raw Materials [Including Stores and Other Items used in the process of Manufacture]
		Imported	0.000	0.000	0.000	0.000	0.000
		Indigenous	62.640	67.860	73.080	78.300	83.520
	2	Other Spares
		Imported	0.000	0.000	0.000	0.000	0.000
		Indigenous	0.626	0.679	0.731	0.783	0.835
	3	Power and Fuel	2.691	2.849	3.008	3.166	3.324
	4	Direct Labour [Factory Wages Salaries]	2.970	3.114	3.259	3.403	3.548
	5	Other Manufacturing Expenses	1.347	1.441	1.535	1.629	1.723
	6	Depreciation	1.525	1.525	1.525	1.525	1.525
	7	Sub-total [1 to 6]	71.799	77.468	83.137	88.806	94.475
	8	Add: Opening Stock in process	0.000	0.590	0.637	0.683	0.730
		Sub-total	71.799	78.058	83.774	89.489	95.205
	9	Less: Closing Stock in process	0.590	0.637	0.683	0.730	0.777
	10	Cost of Production	71.209	77.421	83.091	88.759	94.428
	11	Add: Opening stock of Finished Goods	0.000	1.377	1.486	1.594	1.703
		Sub-total	71.209	78.798	84.577	90.353	96.131
	12	Less: Closing Stock of Finished Goods	1.377	1.486	1.594	1.703	1.812
	13	Total Cost of Sales	69.832	77.312	82.983	88.650	94.319
6		Selling, General & Administrative Expenses	3.169	3.333	3.476	3.619	3.762
7		Sub-total [5 + 6]	73.002	80.645	86.459	92.269	98.080
8		Operating Profit before Interest [3-7]	7.530	8.866	9.952	11.042	12.131
9		Interest	1.913	2.378	2.155	1.932	1.709
10		Operating after before Interest [8-9]	5.617	6.488	7.797	9.110	10.421
11	(i)	Add: Other Non-Operating Income
		(a) Misc. Income	0.000	0.000	0.000	0.000	0.000
		(b)	--	--	--	--	--
		(c)	--	--	--	--	--
		(d)	--	--	--	--	--
		(e)	--	--	--	--	--
		Sub-total [Income]	0.000	0.000	0.000	0.000	0.000
	(ii)	Deduct: Other Non-Operating Expenses
		(a) P & P written off	0.040	0.040	0.040	0.040	0.040
		(b)	2.914	3.325	3.880	4.308	4.595
		(c)	0.000	0.000	0.000	0.000	0.000
		Sub-total [Expenses]	2.954	3.365	3.920	4.348	4.635
	(iii)	Net of other non-operating incomes/ expenses (net of 11(i) & 11(ii))	(2.954)	(3.365)	(3.920)	(4.348)	(4.635)
12		Profit before Tax/Loss [10+11(iii)]	2.663	3.123	3.877	4.763	5.787
13		Provision for Taxes	0.388	0.575	0.777	0.939	1.061
14		Net Profit / (Loss) [12-13]	2.275	2.548	3.100	3.824	4.726
15		(i) Equity dividend paid/ Drawings	0.000	0.000	0.000	0.000	0.000
		(ii) Dividend Rate	0.000	0.000	0.000	0.000	0.000
16		Retained Profit [14-15]	2.275	2.548	3.100	3.824	4.726
17		Retained Profit / Net Profit (% age)	1.00	1.00	1.00	1.00	1.00

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

ANALYSIS OF BALANCE SHEET

(RS. IN MILLIONS)

SR. NO	PARTICULARS	31.03.2016 Estimates	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection	31.03.2020 Projection
	CURRENT LIABILITIES
1	Short term borrowings from bank (Including Bills purchased, discounted & excess borrowings placed on repayment basis)
	(i) From applicant bank	0.000	0.000	0.000	0.000	0.000
	(ii) From other banks	0.000	0.000	0.000	0.000	0.000
	(iii) of which BP & BD	0.000	0.000	0.000	0.000	0.000
	Sub Total (A)	0.000	0.000	0.000	0.000	0.000
2	Short term borrowings from others	--	--	--	--	--
3	Sundry Creditors - Trade	0.000	0.000	0.000	0.000	0.000
4	Advance payments from customers/deposits from dealers	--	--	--	--	--
5	Provision for Taxation	0.000	0.000	0.000	0.000	0.000
6	Dividend Payable	0.000	0.000	0.000	0.000	0.000
7	Other statutory liabilities (due within one year)	0.000	0.000	0.000	0.000	0.000
8	Deposits/Instalments of term loan/ DPGs/ Debentures etc. (due within one year)	1.592	1.592	1.592	1.592	1.592
9	Other current liabilities & Provisions (due within one year)	0.600	0.641	0.686	0.729	0.777
	Sub Total (B)	2.192	2.233	2.276	2.321	2.369
10	TOTAL CURRENT LIABILITIES [Total of 1 to 9]	2.192	2.233	2.276	2.321	2.369
	TERM LIABILITIES
11	Debentures (not maturing within one year)	0.000	0.000	0.000	0.000	0.000
12	Preference Shares (redeemable after one year)	0.000	0.000	0.000	0.000	0.000
13	Term loans (excluding instalments payable within one year)	7.958	6.367	4.775	3.183	1.592
14	Deferred Payment Credits (excl. instalments due within one year)	0.000	0.000	0.000	0.000	0.000
15	Term deposits (repayable after one year)	9.600	9.600	9.600	9.600	9.600
16	Other Term Liabilities	0.000	0.000	0.000	0.000	0.000
17	TOTAL TERM LIABILITIES (Total of 11 to 16)	17.558	15.967	14.375	12.783	11.192
18	TOTAL OUTSIDE LIABILITIES [10+17]	19.750	18.199	16.651	15.104	13.561
	NET WORTH
19	Ordinary Share Capital 14% Convertible Debenture	6.000	6.000	6.000	6.000	6.000
20	General Reserve	0.000	0.000	0.000	0.000	0.000
21	Investment Allowance Reserve	0.000	0.000	0.000	0.000	0.000
22	Other Reserves [Excluding Provisions]	1.500	1.500	1.500	1.500	1.500
23	Surplus [+] or Deficit [-] in Profit and Loss Account	1.555	3.196	5.007	6.936	8.942
24	NET WORTH	9.055	10.696	12.507	14.439	16.442
25	TOTAL LIABILITIES [18+24]	28.805	28.896	29.157	29.544	30.002
	CURRENT ASSETS
26	Cash & Bank balances	1.120	1.607	1.939	1.893	1.918
27	Investments [Other than long term Investments]
	1. Government and Other Trustee Securities	0.000	0.000	0.000	0.000	0.000
	2. Fixed Deposits with Banks	0.000	0.000	0.000	0.000	0.000
28	1. Receivables other than Deferred and Exports [Including Bills purchased and discounted by Banks]	6.619	7.357	7.924	8.491	9.058
	2. Exports Receivables [Including Bills purchased and discounted by Banks]	0.000	0.000	0.000	0.000	0.000
29	Installments of Deferred Receivables [Due within one year]	0.000	0.000	0.000	0.000	0.000
30	Inventory
	(i) Raw materials (including stores and other items in process of manufacture)
	(a) Imported	0.000	0.000	0.000	0.000	0.000
	(b) Indigenous	2.574	2.789	3.003	3.218	3.432
	(ii) Stock-in-process	0.590	0.637	0.683	0.730	0.777
	(iii) Finished Goods	1.377	1.486	1.594	1.703	1.812
	(iv) Other Consumable Stores
	(a) Imported	0.000	0.000	0.000	0.000	0.000
	(b) Indigenous	0.051	0.056	0.060	0.064	0.069
31	Advance to suppliers of Raw materials & stores/spares	0.770	0.809	0.848	0.886	0.925
32	Advance payment of taxes	--	--	--	--	--
33	Other Current Assets [Specify Major Items]	0.319	0.335	0.352	0.369	0.388
34	TOTAL CURRENT ASSETS [Total 26 to 33]	13.420	15.076	16.403	17.354	18.378
	FIXED ASSETS
35	Gross Block (land & building machinery vehicles work-in-progress)	14.750	14.750	14.750	14.750	14.750
36	Depreciation to date	1.525	3.050	4.575	6.101	7.626
37	NET BLOCK (35-36)	13.225	11.700	10.175	8.649	7.124
	OTHER NON-CURRENT ASSETS
38	Investments/ book debts/ advances deposits which are not current assets
	i.(a) Investments in subsidiary companies/ affiliates	0.000	0.000	0.000	0.000	0.000
	(b) Others	2.000	2.000	2.500	3.500	4.500
	ii. Advances to suppliers of capital goods & contractors	0.000	0.000	0.000	0.000	0.000
	iii. Deferred receivables (maturity exceeding one year)	0.000	0.000	0.000	0.000	0.000
	iv. Others	0.000	0.000	0.000	0.000	0.000
39	Non consumables stores & spare	0.000	0.000	0.000	0.000	0.000
40	Other Non-Current Assets including Dues from directors	0.000	0.000	0.000	0.000	0.000
41	TOTAL OTHER NON-CURRENT ASSETS (Total of 38 to 40)	2.000	2.000	2.500	3.500	4.500
42	Intangible assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided for etc.)	0.160	0.120	0.080	0.040	0.000
43	TOTAL ASSETS (Total of 34, 37, 41 & 42)	28.805	28.896	29.157	29.544	30.002
44	Tangible Net Worth (24-42)	8.895	10.576	12.427	14.399	16.442
45	NET WORKING CAPITAL [(17+24)-(37+41+42)] Totally with (34-10)	11.228	12.843	14.127	15.033	16.009
46	Current Ratio [34/10]	6.12	6.75	7.21	7.48	7.76
47	Total Outside Liabilities / Net Worth (18/44)	2.22	1.72	1.34	1.05	0.82
	ADDITIONAL INFORMATION
	A. Arrears of depreciation	0.000	0.000	0.000	0.000	0.000
	B. Contingent Liabilities:
	(a) Arrears of cumulative dividends	0.000	0.000	0.000	0.000	0.000
	(b) Gratuity liability not provided for	0.000	0.000	0.000	0.000	0.000
	(c) Disputed excise/ customs/tax liabilities	0.000	0.000	0.000	0.000	0.000
	(d) Other liabilities not provided for	0.000	0.000	0.000	0.000	0.000

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

FUND FLOW STATEMENT

(RS. IN MILLIONS)

SR. NO	PARTICULARS	31.03.2016 Estimates	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection	31.03.2020 Projection
1	SOURCES
	[a] Net Profit (after tax)	2.275	2.548	3.100	3.824	4.726
	[b] Depreciation	1.525	1.525	1.525	1.525	1.525
	[c] Increase in Capital	7.500	0.000	0.000	0.000	0.000
	[d] Increased in Term Liabilities (including Public deposits)	17.558	0.000	0.000	0.000	0.000
	[e] Decrease in
	[i] Fixed Assets	0.000	0.000	0.000	0.000	0.000
	[ii] Other non-current Assets	0.000	0.000	0.000	0.000	0.000
	[f] Others (P and P written off)	0.040	0.040	0.040	0.040	0.040
	TOTAL	28.898	4.113	4.665	5.389	6.291
2	USES
	[a] Net Loss	0.000	0.000	0.000	0.000	0.000
	[b] Decrease in Term Liabilities (Incl. Public deposits)	0.000	1.592	1.592	1.592	1.592
	[c] Increase in
	[i] Fixed Assets	14.750	0.000	0.000	0.000	0.000
	[ii] Other non-current Assets	2.000	0.000	0.500	1.000	1.000
	[d] Dividend Payments	0.000	0.000	0.000	0.000	0.000
	[e] Others (Increase in P & P Exp.)	0.200	0.000	0.000	0.000	0.000
	TOTAL	16.950	1.592	2.092	2.592	2.592
3	Long Term Surplus (+) / Deficit (-) [1-2]	11.948	2.522	2.574	2.797	3.699
4	Increase/ (Decrease) in Current Assets	13.420	1.656	1.327	0.951	1.024
5	Increase/ (Decrease) in Current Liabilities other than Bank Borrowings	2.192	0.041	0.043	0.045	0.048
6	Increase/ (Decrease) in Working Capital Gap	11.228	1.615	1.284	0.906	0.976
7	Net Surplus (+) / deficit (-) (Difference of 3 & 6)	0.720	0.907	1.290	1.891	2.724
8	Increase/ (Decrease) in Bank Borrowings	0.000	0.000	0.000	0.000	0.000
	INCREASE/ (DECREASE) IN NET SALES	80.532	8.979	6.900	6.900	6.900
	* Break up of (4)
	[i] Increase/ (Decrease) in Raw material	2.574	0.215	0.214	0.215	0.214
	[ii] Increase/ (Decrease) in Stock in process	0.590	0.047	0.046	0.047	0.047
	[iii] Increase/ (Decrease) in Finished Goods	1.377	0.109	0.108	0.109	0.109
	[iv] Increase/ (Decrease) in Receivables
	[a] Domestic	6.619	0.738	0.567	0.567	0.567
	[b] Export	0.000	0.000	0.000	0.000	0.000
	[iii] Increase/ (Decrease) in stores & spares	0.051	0.005	0.004	0.004	0.004
	[iii] Increase/ (Decrease) in other Current Assets	2.209	0.542	0.388	0.009	0.083
	TOTAL	13.420	1.656	1.327	0.951	1.024

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

COMPARATIVE STATEMENT OF CURRENT ASSETS & CURRENT LIABILITIES

(RS. IN MILLIONS)

SR. NO	PARTICULARS	31.03.2016 Estimates	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection	31.03.2020 Projection
	A. CURRENT ASSETS:
1	Raw Materials [Including Stores and Other Items used in the process of manufacture]
	(a) Imported	0.000	0.000	0.000	0.000	0.000
	[Months Consumption]	0.00	0.00	0.00	0.00	0.00
	(b) Indigenous	2.574	2.789	3.003	3.218	3.432
	[Months Consumption]	0.49	0.49	0.49	0.49	0.49
2	Other Consumable Spares [Excluding those covered in 1 above]
	(a) Imported	0.000	0.000	0.000	0.000	0.000
	[Months Consumption]	0.00	0.00	0.00	0.00	0.00
	(b) Indigenous	0.051	0.056	0.060	0.064	0.069
	[Months Consumption]	0.98	0.99	0.99	0.99	0.99
3	Stock-in-process	0.590	0.637	0.683	0.730	0.777
	[Months Cost of Production]	0.10	0.10	0.10	0.10	0.10
4	Finished Goods	1.377	1.486	1.594	1.703	1.812
	[Months Cost of Sales]	0.24	0.23	0.23	0.23	0.23
5	Receivables other than deferred & exports (incl. Bills purchased & discounted by banks)	6.619	7.357	7.924	8.491	9.058
	[Months Domestic Sales : Excluding Deferred Payment Sales]	0.99	0.99	0.99	0.99	0.99
6	Export Receivables (including Bills purchased & discounted by banks)	0.000	0.000	0.000	0.000	0.000
	[Months Export Sales]	0.00	0.00	0.00	0.00	0.00
7	Advances to the Suppliers of Raw Materials and Stores, Spares and Consumables	0.770	0.809	0.848	0.886	0.925
	[Months]	0.11	0.11	0.11	0.10	0.10
8	Other Current Assets including Cash and Bank Balances, deferred receivables due within one year [Specify Major Items]	1.439	1.942	2.291	2.262	2.305
9	TOTAL CURRENT ASSETS (To agree with item 34 in Form III)	13.420	15.076	16.403	17.354	18.378
	B. CURRENT LIABILITIES (Other than bank borrowings for working capital)
10	Creditors for Purchases of Raw Materials, Stores and Consumable Spares	0.000	0.000	0.000	0.000	0.000
	[Months Purchases]	0.00	0.00	0.00	0.00	0.00
11	Advance from customers	0.000	0.000	0.000	0.000	0.000
12	Statutory Liabilities	0.000	0.000	0.000	0.000	0.000
13	Other Current Liabilities [Specify major items]
	1. Short Term Borrowings	0.000	0.000	0.000	0.000	0.000
	2. Unsecured Loans	0.000	0.000	0.000	0.000	0.000
	3. Dividend Payables	0.000	0.000	0.000	0.000	0.000
	4. Instalments of Term Loans, Public Deposits, debentures etc.	1.592	1.592	1.592	1.592	1.592
	5. Others	0.600	0.641	0.684	0.729	0.777
14	TOTAL CURRENT LIABILITIES (To agree with sub-total B-Form III)	2.192	2.233	2.276	2.321	2.369

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

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLIONS)

SR. NO	PARTICULARS	31.03.2016 Estimates	31.03.2017 Projection	31.03.2018 Projection	31.03.2019 Projection	31.03.2020 Projection
1	Total Current Assets [9 in Form IV]	13.420	15.076	16.403	17.354	18.378
2	Other Current Liabilities (Other than bank borrowings) (14 of Form IV)	2.192	2.233	2.276	2.321	2.369
3	Working Capital Gap [1-2]	11.228	12.843	14.127	15.033	16.009
4	Minimum Stipulated Net Working Capital i.e. 25% of WCG or 25% of Total Current Assets, as the case may be depending upon the method of lending being applied. [Export Receivables to be excluded under both methods]	2.807	3.211	3.532	3.758	4.002
5	Actual/ Projected Net Working Capital (45 in form III)	11.228	12.843	14.127	15.033	16.009
6	Item 3 minus item 4	8.421	9.632	10.595	11.275	12.007
7	Item 3 minus item 5	0.000	0.000	0.000	0.000	0.000
8	Maximum Permissible Bank Finance (item 6 or 7 whichever is less)	0.000	0.000	0.000	0.000	0.000
9	Excess borrowings, if any representing short fall in NWC (4-5)	0.000	0.000	0.000	0.000	0.000

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

NETWORTH STATEMENT

MR. ANAND DAULATRAM KAKWANI

(RS. IN MILLIONS)

BANK

BANK	BRANCH	S/B C/D A/C NO.	PRESENT BALANCE 31-03-2014
HDFC Bank Limited	Usmanpura Branch	1682153000909	0.159

DETAILS OF ASSETS

IMMOVABLE PROPERTY

COMMERCIAL

Assets	Own / Joint name	Area (Sq. Yd.)	Free hold or Lease hold	Location/ address	Present Value	Whether encumbered (Give details)
Factory Plot & Shed	Own 1/3 Share	900	Freehold	13, Maruti Industrial Estate, 1861/1, Rajnagar Patia, Santej, District Ahmedabad	6.000	No

RESIDENTIAL

Assets	Own / Joint name	Area (Sq. Yd.)	Free hold or Lease hold	Location/ address	Present Value	Whether encumbered (Give details)
Residential Bunglow	Own 1/2 Share	369	Freehold	No. 35, Green Park Society, Opp. City Gold Multiplex, Ambli Bopal Road, Bopal, Ahmedabad-380 058	12.500	No
Residential Flat	Own 1/3 Share	225	Freehold	S-101, Aarohi Crest, Near Gala Aura, South Bopal, Ahmedabad	3.000	No

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company and Branch	Policy No.	Dt. of issue	Sum Assured	Surrender Value/ Premium paid	Annual Premium In Rupees	Premium paid upto what period
Life Insurance Corp.	830553469	28/05/1988	0.050	0.034	0.001	28/05/2014
Life Insurance Corp.	830553470	28/05/1988	0.050	0.034	0.001	28/05/2014
Life Insurance Corp.	833494866	28/11/1997	0.050	0.057	0.003	28/11/2014
Life Insurance Corp.	833494867	28/11/1997	0.050	0.057	0.003	28/11/2014
Life Insurance Corp.	833503887	28/07/1999	0.100	0.083	0.005	28/07/2014
Life Insurance Corp.	837594903	27/09/2010	0.750	0.182	0.036	27/09/2014

CAPITAL INVESTED IN BUSINESS

Name of the Company	31.03.2014
Sheetal Agency	(0.687)

LEGAL HEIRS

Name	Occupation	Relation	Age	Marital Status	Address
Karishma Kakwani	Housewife	Wife	--	Married	Bunglow No. 35, Green Park Society, Opposite City Gold Multiplex, Ambli Bopal Road, Bopal, Ahmedabad - 380058.
--	Student	Son	--	Unmarried
--	Student	Son	--	Unmarried
--	Student	Son	--	Unmarried

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

NETWORTH STATEMENT

MR. DAULATRAM GHANSHYAMDAS KAKWANI

(RS. IN MILLIONS)

BANK

BANK	BRANCH	S/B C/D A/C NO.	PRESENT BALANCE 31-03-2014
HDFC Bank Limited	Usmanpura Branch	16821530000528	0.019

DETAILS OF ASSETS

IMMOVABLE PROPERTY

COMMERCIAL

Assets	Own / Joint name	Area (Sq. Yd.)	Free hold or Lease hold	Location/ address	Present Value	Whether encumbered (Give details)
Factory Plot & Shed	Own 1/3 Share	900	Freehold	13, Maruti Industrial Estate, 1861/1, Rajnagar Patia, Santej, District Ahmedabad	6.000	No

RESIDENTIAL

Assets	Own / Joint name	Area (Sq. Yd.)	Free hold or Lease hold	Location/ address	Present Value	Whether encumbered (Give details)
Residential Bunglow	Own 1/2 Share	369	Freehold	No. 35, Green Park Society, Opp. City Gold Multiplex, Ambli Bopal Road, Bopal, Ahmedabad-380 058	12.500	No
Residential Flat	Own 1/3 Share	225	Freehold	S-101, Aarohi Crest, Near Gala Aura, South Bopal, Ahmedabad	3.000	No

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company and Branch	Policy No.	Dt. of issue	Sum Assured	Surrender Value/ Premium paid	Annual Premium In Rupees	Premium paid upto what period
Life Insurance Corp.	833510065	27.09.2000	0.100	0.093	0.006	27.09.2014
Life Insurance Corp.	833510353	13.10.2000	0.100	0.093	0.006	13.10.2014
Life Insurance Corp.	833526613	28.09.2002	0.200	0.168	0.015	28.09.2014
Life Insurance Corp.	833526614	28.09.2002	0.200	0.168	0.015	28.09.2014

CAPITAL INVESTED IN BUSINESS

Name of the Company	31.03.2014
Laxmi Engineering Works	4.665

LEGAL HEIRS

Name	Occupation	Relation	Age	Marital Status	Address
Komal KakwanI	Housewife	Wife	--	Married	Bunglow No. 35, Green Park Society, Opposite City Gold Multiplex, Ambli Bopal Road, Bopal, Ahmedabad - 380058
Nirmal KakwanI	Business	Son	31	Married
Anand KakwanI	Business	Son	38	Married

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

NETWORTH STATEMENT

MRS. DIPTIBEN JAYPRAKASH BAJAJ

(RS. IN MILLIONS)

BANK

BANK	BRANCH	S/B C/D A/C NO.	PRESENT BALANCE 31-03-2014
State Bank of India	Law Garden Branch	30806375846	0.103

DETAILS OF ASSETS

IMMOVABLE PROPERTY

RESIDENTIAL

Assets	Own / Joint name	Area (Sq. Yd.)	Free hold or Lease hold	Location/ address	Purchase Cost	Present Value	Whether encumbered (Give details)
Residential Flat	Own	1184	Freehold	C-6,Chawla Park Society, Bhairavnath Road, Maninagar, Ahmedabad	3.796	5.000	No

INSURANCE POLICIES

Name of Company and Branch	Annual Premium In Rupees	Premium paid upto what period
SBI Life Insurance	0.150	March 2014

SHARES/ DEBENTURES/ MUTUAL FUND

Name of the Company	Current Market Value
Balamel Lawrei Van	0.002
Hindalco Industries Limited	0.013
ITC Limited	0.060
K-lifestyle	0.014
Mcdowell	0.105
MOIL	0.006
Mrf Limited	0.061
MRPL	0.010
Central Bank of India	0.010
GSPL	0.007
HDFC Bank	0.176
Shree Rama M-Tech	0.001
Mundra Port	0.007
Union Bank of India	0.019
Reliance Power Limited	0.007
Super Bakers	0.024
Tata Communication	0.016
TISCO	0.093
UCO Bank	0.003
VLS Finance Limited	0.080
Total	0.714

INVESTMENT IN GOVT. SECURITIES LIKE BONDS/PPF/NSC/KVP/IVP ETC.

Nature of Securities	Face Value
NSC	0.560
PPF	0.738

CAPITAL INVESTED IN BUSINESS

Name of the Company	Purchase Value
Air Touch Technologies Private Limited	0.049
Dipti Communications Private Limited	0.000
Gujarat Geletine Limited	0.276
Swapna Sakar Steel Private Limited	0.140
Shukun Builders Private Limited	0.083
Sharda Infra Construction Private Limited	2.422
Sharda Organisers & Buildcon Private Limited	0.849
Sijcon Zodiac Infrastructure	3.500
Total	7.319

OTHER INVESTMENTS / ASSETS

Name of the Company	Amount
Deposits
Sundry Deposits	0.022
Interest Accrued	0.002
TDS & Advance Income-tax	0.887
Loans & Advances
Air Touch Technologies Private Limited	2.385
J. P. Paper Plast	6.941
Jaiprakash L. Bajaj	0.377
Pavan Bajaj	1.454
Sharda Infra Construction Private Limited	0.382
Sharda Organiser and Buildcon Private Limited	0.657
Shukun Builders Private Limited	0.187
Swapna Sakar Steel Private Limited	0.028
Total	13.322

Cash On Hand

0.288

LIABILITIES

Name of the Company	Outstanding Balance as 31.03.2014
Unsecured Loans - Family	1.326

LEGAL HEIRS

Name	Occupation	Relation	Age	Marital Status	Address
Jayprakash L Bajaj	Business	Husband	60	Married	14/C, Ashok Vatika, Opp. Sanidhya Bunglows, Bodakdev, Ambli Bopal Road, Ahmedabad - 380058
Pranav J Bajaj	Student	Son	21	Unmarried

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NETWORTH STATEMENT

MR. JAYPRAKASH LAXMICHAND BAJAJ

(RS. IN MILLIONS)

BANK

BANK	BRANCH	S/B C/D A/C NO.	PRESENT BALANCE 31-03-2014
State Bank of India	Law Garden Branch	30806024263	7.300

DETAILS OF ASSETS

IMMOVABLE PROPERTY

RESIDENTIAL

Assets	Own / Joint name	Area (Sq. Yd.)	Free hold or Lease hold	Location/ address	Purchase Cost	Present Value	Whether encumbered (Give details)
Residential Flat	Own	150	Freehold	Amaltas Apartments, Behind Fun Republic, Satellite, Ahmedabad	1.050	8.000	No

INSURANCE POLICIES

Name of Company and Branch	Annual Premium In Rupees	Premium paid upto what period
SBI Life Insurance	0.150	March 2014

SHARES/ DEBENTURES/ MUTUAL FUND

Name of the Company	Current Market Value
Central Bank of India	0.010
Coal India Limited	0.047
Mundra Port	0.006
Punj lloyd Limited	0.081
Reliance Power Limited	0.007
Torrent Gujarat Limited	0.171
Other Shares	0.047
Total	0.369

INVESTMENT IN GOVT. SECURITIES LIKE BONDS/PPF/NSC/KVP/IVP ETC.

Nature of Securities	Face Value
NSC	0.436
PPF	0.130

CAPITAL INVESTED IN BUSINESS

Name of the Company	Purchase Value
Air Touch Technologies Private Limited	0.009
Dipti Communications Private Limited	0.600
Gujarat Geletine Limited	1.503
Shukun Bu.ilders Private Limited	0.080
Sharda Infra Construction Private Limited	1.548
Sharda Organisers and Buildcon Private Limited	0.635
Sijcon Zodiac Infrastructure	8.373
Total	12.748

OTHER INVESTMENTS / ASSETS

Name of the Company	Amount
Deposits
Adani Gas Limited	0.005
Torrent Power Limited	0.009
TDS & Advance Income-tax	3.674
Loans & Advances
Air Touch Technologies Private Limited	16.090
Chawla Co-op. Housing Society Limited	0.270
J. P. Paper Plast	0.060
Munjal Desai	0.300
Pavan Bajaj	0.100
Preksha Marketing	0.089
Sharda Infra Construction Private Limited	0.821
Sharda Organiser and Buildcon Private Limited	0.428
Shukun Builders Private Limited	0.304
Total	22.150

Furniture and Other Consumer Durables	0.171
Cash on Hand	0.187

LIABILITIES

Name of the Company	Outstanding Balance as 31.03.2014
Unsecured Loans - Family	2.999

LEGAL HEIRS

Name	Occupation	Relation	Age	Marital Status	Address
Dipti J. Bajaj	Housewife	Wife	38	Married	14/C, Ashok Vatika, Opp. Sanidhya Bunglows, Bodakdev, Ambli Bopal Road, Ahmedabad - 380058
Pranav J Bajaj	Student	Son	21	Unmarried

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NETWORTH STATEMENT

MR. NIRMAL DAULATBHAI KAKWANI

(RS. IN MILLIONS)

BANK

BANK	BRANCH	S/B C/D A/C NO.	PRESENT BALANCE 31-03-2014
HDFC Bank Limited	Usmanpura Branch	16827630000811	0.031

DETAILS OF ASSETS

IMMOVABLE PROPERTY

COMMERCIAL

Assets	Own / Joint name	Area (Sq. Yd.)	Free hold or Lease hold	Location/ address	Present Value	Whether encumbered (Give details)
Factory Plot & Shed	Own 1/3 Share	900	Freehold	13, Maruti Industrial Estate, 1861/1, Rajnagar Patia, Santej, District Ahmedabad	6.000	No

RESIDENTIAL

Assets	Own / Joint name	Area (Sq. Yd.)	Free hold or Lease hold	Location/ address	Present Value	Whether encumbered (Give details)
Residential Flat	Own 1/3 Share	225	Freehold	S-101, Aarohi Crest, Near Gala Aura, South Bopal, Ahmedabad	3.000	No

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company and Branch	Policy No.	Dt. of issue	Sum Assured	Surrender Value/ Premium paid	Annual Premium In Rupees	Premium paid upto what period
Life Insurance Corp.	830553658	08.08.1988	0.050	0.020	0.001	08.08.2014
Life Insurance Corp.	830553659	08.08.1988	0.050	0.020	0.001	08.08.2014
Life Insurance Corp.	833516477	23.06.2001	0.500	0.346	0.025	23.06.2014
Life Insurance Corp.	837594904	27.07.2010	0.750	0.182	0.036	27.07.2014

CAPITAL INVESTED IN BUSINESS

Name of the Company	31.03.2014
Laxmi Sales Corporation	0.451

LEGAL HEIRS

Name	Occupation	Relation	Age	Marital Status	Address
Jaya Kakwani	Housewife	Wife	--	Married	Bunglow No. 35, Green Park Society, Opposite City Gold Multiplex, Ambli Bopal Road, Bopal, Ahmedabad - 380058

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VALUATION REPORT

(GENERAL DETAILS)

Purpose of Valuation is made

For Financial Review by Bank

Date as on which valuation is made

March 4, 2015

Name of the Owners/ Possessor

J.P. Paper Plast

It the property is under Joint Ownership/ Co Ownership Share of each such owner.

--

Brief description of the property

It is a land along with allied construction and plot are is about 5059.00 Sq. Mt. or say 6050.56 Sq. Yd. It is located on internal road which finally meets to Ahmedabad Bavla Road.

Location, Street, Ward No.

Block No. 76, Parikh Packaging Lane, Near MBR Flexible, Near Khodiyar Mataji Temple, Village Vasna Chancharwadi, Taluka Sanand, District Ahmedabad.

Property surrounded by

North

Block No. 77 [Road]

South

Block No. 75

East

Block No. 78

West

Block No. 73

Survey/Plot No. of Land

Old Survey No. 46/7, 46/8, 46/9, 46/10 Block No. 76, Khata No. 966, Sub Plot No. 21, Mouje Vasna Chancharwadi, Taluka Sanand, District Ahmedabad

Whether Residential/ Industrial/ Commercial/ Mixed Area

Industrial Area

Classification of Locality i.e. High/ Middle/ Poor Class

Middle Class

Proximity of Civic amenities like Schools/ Hospital/ Offices etc.

All amenities are available at Changodar which is about 2-3 Km away from subject property.

Means and Proximity of Communication / Transportation

Auto, Taxi, Telephone and Bus are available nearby.

LAND

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

Plot area is 5059.00 Sq. Mt. or says 6050.56 Sq. yd.

Roads/Street or Lanes on which the Land is abutting

The subject property is located on internal road which finally meets to Ahmedabad Bavla Road.

Is it freehold/ leasehold land?

Freehold

If leasehold than names of Lesser/ Lessee, nature of Lease, Dates of Commencement and termination of Lease and Terms of Renewal of Lease

· Initial Premium

· Ground Rent payable p.a.

Unearned increase payable to Lesser in the event of Sale or Transfer

Not Applicable

Is there any restrictive covenant in regard to use of Land? If so,

No

Are there any agreements of easements? If so,

No

Does the land fall in an area included in any TPS or any Dev. Plan of Govt. or any Statutory Body? If so,

No

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

No

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

No

IMPROVEMENTS

Furnish Technical details of the building on separate sheet.

--

Is the building owner-occupied/ tenanted/ both?

Occupied by Owner

If partly owner-occupied, specify portion and extent of area under owner occupation.

Not Applicable

What is the FSI permissible and % actually utilized?

--

RENT

Names of tenants/ lessees etc.

Not Applicable

Portion in their occupation

Not Applicable

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

Not Applicable

Gross amount received for the whole property.

Not Applicable

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

Not Applicable

Is separate amount be in recovered for the use of fixtures, 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 the owners.

Not Applicable

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

Not Applicable

If the lift is installed who has to bear the cost of maintenance and operation. Owner or tenant?

Not Applicable

If the 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 for lightning of common space like entrance has stairs, passages, compound etc. Owner or tenant?

Not Applicable

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

Not Applicable

Is the building insured, if so, give the policy no. amount for which it is insured and the annual premium

Not Applicable

Is any dispute between landlord and tenant regarding rent pending in a Court of Law?

Not Applicable

Has any standard rent been fixed for the premises under any law relating to the Control of Rent?

Not Applicable

SALES

Given instances of immovable property in the locality on a separate sheet indicating the name and address of the property, registration no., sale price and area of land sale

--

Land rate adopted in this valuation Rs. 5500.00 per Sq. yd.

If sale instances are not available or not relied upon, the basis of arrive at the land rates.

Local Enquiry

COST OF CONSTRUCTION

Year of commencement of construction and year of completion

2012-13

What was the method of construction by Contract/ by employing Labour directly/ Both

Details are not available

For items of work done on contract produce copied of agreement.

Details are not available

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

Details are not available

Whether the building is constructed as per plan approved by the competent authority?

--

LAND VALUATION

Valuation as on March 4, 2015 of land and building situated at Block No. 76, Parikh Packaging Lane, Near MBR Flexible, Near Khodiyar Mataji Temple, Village Vasna Chancharwadi, Taluka Sanand, District Ahmedabad and belonging to J.P. Paper Plast.

The prevailing market rate of such type / kind of land in the vicinity of property under valuation is in the range of Rs. 4000.00 to Rs. 7000.00 per Sq. yd. for super plot area, depending on location, size, shape, closeness to main road, topology etc. They have adopted Rs. 5500.00 per Sq. yd. for super plot area this valuation exercise by considering type of transaction, nature of property, location, size, shape, amenities available at subject property etc.

Particulars	Area Sq. Yd.	Rate per Rs. / Sq. Yd.	Value in Millions
Area of Plot of Land	6050.56	5500.00	33.278
Construction [at Depreciated Rate as per age and present condition of the building]
Main Factory Shed	1764.54	11000.00	19.410
Mezzanine Floor	362.87	2500.00	0.907
Leveling, Filling of Soil, Compound Wall, Under Ground Water tank, Road	Lum Sum		0.800
FAIR MARKET VALUE	Total		54.395
FAIR MARKET VALUE	[Say]		54.500
REALIZABLE VALUE			49.000
DISTRESS SALE VALUE			43.500
JANTRY VALUE			28.000

TECHNICAL DETAILS

No of floors

Ground plus Mezzanine Floor

Total Built up Area

1778.77 Sq. Mt. or say 2127.41 Sq. Yd.

Year of Construction

2012-13

Estimated total life

40 Years

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

RCC Frame

Walls

Brick Masonry

Type of foundations

RCC foundation

Partitions

--

Door/ Windows

Rolling Shutters

Flooring

Cement Concrete

Finishing

Internal smooth cement plaster and external sand face plaster

Roofing and Terracing

Corrugated Aluminum Sheets

Special architectural or decorative feature if any

--

Internal wiring surface or conduit

Surface

Fitting-Superior/ Ordinary/ Poor

Ordinary

Sanitary Installations

Yes

Class of fittings superior colored/ white/ ordinary

Ordinary

Compound Wall

Brick masonry compound wall [Three side]

No of Lift and Capacity

No

Underground sump – capacity and type of construction

Yes

Overhead Tanks

No

Where located

--

Pump No and their horse power

--

Roads and Paving

Bitumen Road

Sewage Disposal

Soak Pit and Septic Tanks

Whether the building is constructed as per plan approved by the competent authority?

Yes, Revised Proposed industrial building plan is approved by Nagar Niyojak, Ahmedabad, Ref. No. B.P./ Vasna-Chancharwadi/ Sanand/ 1061,

Dated 07.06.2013.

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CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

No 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. 62.62
UK Pound	1	Rs. 94.39
Euro	1	Rs. 67.96

INFORMATION DETAILS

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

RATING EXPLANATIONS

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

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

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