MIRA INFORM REPORT

 

 

Report No. :

310582

Report Date :

09.03.2015

 

IDENTIFICATION DETAILS

 

Name :

N. EAGLE INDUSTRIES

 

 

Registered Office :

Aaryavart-II, Opposite Auda Garden, Prahaladnagar, Satellite, Ahmedabad – 380015, Gujarat

 

 

Country :

India

 

 

Year of Establishment :

31.07.2014

 

 

Capital Investment :

Not Divulged

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AALFN5469P

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Manufacturer of PVC Plastic Film and PP Plastic Sheet in the brand name of N. Eagle Industries.

 

 

No. of Employees :

8 (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 incorporated on 31st July 2014.

 

Mr. Naitik Pradip Shah, partner has provided information to us and claimed that the concern will start its business operations from August 2015.

 

Payments are reported to be unknown.

 

The concern can be considered for business dealing 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 – 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. Naitik P. Shah

Designation :

Partner

Contact No.:

91-9638218418

Date :

07.03.2015

 

 

LOCATIONS

 

Registered Office :

Aaryavart-II, Opposite Auda Garden, Prahaladnagar, Satellite, Ahmedabad – 380015, Gujarat, India

Tel. No.:

Not Available

Mobile No.:

91-9638218418 (Mr. Naitik Pradip Shah)

91-8980218418 (Mr. Smitha Pradip Shah)

Fax No.:

Not Available

E-Mail :

n.eagle.ipl@gmail.com

Area :

2400 Sq. Mtr.

Location :

Owned

 

 

Factory :

PE-69, BOL-GIDC, Sanand-II, Ahmedabad, Gujarat, India

Location :

Owned

 

 

PARTNERS

 

Name :

Mr. Naitik Pradip Shah

Designation :

Partner

Address :

Aaryavart-II, Opposite Auda Garden, Prahaladnagar, Satellite, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

11.10.1991

Qualification :

Degree Course in Animation

Experience :

1 Year

Profile :

Mr. Naitik P. Shah son of Mr. Pradeep K. Shah aged about 21 year resident of 6, Aaryavat-II, Opposite Prahaladnagar Auda Garden, Satellite, Ahmedabad – 380015, Gujarat, India. He is engaged in his family business of Manufacturing of Finished Plastic Sheet. He has experience of 1 year in same Line of Business.

PAN No.:

FOBPS1568M

Voter ID No.:

ZCU3004991

 

 

Name :

Mr. Smitha Pradip Shah

Designation :

Partner

Address :

Aaryavart-II, Opposite Auda Garden, Prahaladnagar, Satellite, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

15.08.1965

Qualification :

B.A.

Profile :

Mrs. Smitha P. Shah wife of Pradeep K. Shah aged about 49 Resident of 6, Aaryavat-II, Opposite Prahaladnagar Auda Garden, Satellite, Ahmedabad – 380015, Gujarat, India. She has completed her Graduation in Arts.

PAN No.:

BRBPS8419J

Passport No.:

J6199018

Voter ID No.:

GJ/11/064/930105

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of PVC Plastic Film and PP Plastic Sheet in the brand name of N. Eagle Industries.

 

 

Products :

·         PVC Plastic Film

·         PP Plastic Sheet

 

 

Brand Names :

N. EAGLE INDUSTRIES

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

 

Selling :

Credit (15 Days)

 

 

Purchasing :

Credit (7)

 

PRODUCTION STATUS

 

Particulars

Unit

Installed Capacity

(Annual)

Actual Production

 

 

 

2015-16

2016-17

PVC Plastic Film

M.T.

240.00

60.00

126.00

PP Plastic Sheet

M.T.

300.00

75.00

157.50

Total

 

540.00

135.00

283.50

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Tradex Polymers Private Limited

Name of the Person (with Designation):

Mr. Gopalbhai Desai (Manager)

Contact Number:

91-9327692751

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

As claimed by Mr. Gopalbhai Desai a Manager that they will be supplying Polymers to Subject.

 

 

Customers :

Reference:

Not Divulged

Name of the Person (with Designation):

Not Divulged

Contact Number:

Not Divulged

Since How Long Known:

Not Divulged

Maximum Limit Dealt:

Not Divulged

Experience :

Not Divulged

Remarks :

Not Divulged

 

 

No. of Employees :

8 (Approximately)

 

 

Bankers :

Bank Name:

Bank of India

Branch:

Relied Road, Ahmedabad, Gujarat, India

Name of the Person (with Designation):

Mazkar Mohammad

Contact Number:

91-79-253564666/ 25350141

Name of Account Holder:

N. EAGLE INDUSTRIES

Account Number:

201320110000325

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

09.02.2015

Average Balance Maintained (Optional):

New Account Since 09.02.2015

Today’s Balance Rs. 1.651 Millions

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

Nil

Account Operation:

Satisfactory

Remarks:

--

 

 

 

Banking Relations :

--

 

 

Auditors :

Not Available

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Sister Concerns:

Eagle Corporation

Address: 1076, Gundi Ni Pole, B/s Bnak of India

Line of Business: Manufacturer of PP Plastic Sheet.

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

--

 

 

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

No

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

Yes

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

Yes

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

 

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

 

CREDIT FACILITIES (PROPOSED)

 

(RS. IN MILLIONS)

 

SR. NO.

TYPE OF FACILITIES

AMOUNT (RS. IN MILLIONS)

PURPOSE FOR WHICH REQUIRED

SECURITY OFFERED

 

 

 

 

 

A.

Working Capital

3.000

For Daily Operational Work

Hypothecation of Stock an Debtors

 

 

 

 

 

B.

Term Loan

17.350

For Purchase of Capital Assets i.e. Land, Building and Plant and Machinery

Against Land, Building and Plant and Machinery

 

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

 

COST OF PROJECT

 

(RS. IN MILLIONS)

 

SR. NO.

PARTICULAR

 

AMOUNT

 

 

 

1.

Land

8.640

 

 

 

2.

Factory Building

4.822

 

 

 

3.

Plant and Machineries

9.283

 

 

 

4.

Other Equipments

0.000

 

 

 

5.

Electrification

0.826

 

 

 

6.

Contingency

0.070

 

 

 

7.

Pre-operative Expenses

0.230

 

 

 

 

Total Capital Cost of Project

23.872

 

 

 

8.

GEB Deposit

1.000

 

 

 

9.

Margin for Working Capital

0.750

 

 

 

 

Total Cost of the Project

25.622

 

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

 

MEANS OF FINANCE

 

(RS. IN MILLIONS)

 

SR. NO.

PARTICULAR

 

AMOUNT

 

 

 

1.

Partner’s Capital

5.500

 

 

 

2.

Unsecured Loan

2.772

 

 

 

3.

Share Premium

0.000

 

 

 

4.

Term Loans from Bank

17.350

 

 

 

 

Total Means of Finance

25.622

 

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

 

DEBT SERVICE COVERAGE RATIO

 

(RS. IN MILLIONS)

 

PARTICULARS

 

2017

2018

2019

2020

2021

2022

 

 

 

 

 

 

 

PAT

2.248

2.735

3.731

4.583

5.410

6.205

 

 

 

 

 

 

 

Depreciation

1.458

1.261

1.092

0.946

0.820

0.712

 

 

 

 

 

 

 

Interest on T/L

1.923

1.576

1.229

0.882

0.506

0.159

 

 

 

 

 

 

 

Total

5.629

5.573

6.052

6.412

6.737

7.076

 

 

 

 

 

 

 

Repayment Obligation

 

 

 

 

 

 

 

 

 

 

 

 

 

T/L Instalment

2.892

2.892

2.892

2.892

2.892

2.892

 

 

 

 

 

 

 

Interest on T/L

1.923

1.576

1.229

0.882

0.506

0.159

 

 

 

 

 

 

 

Total

4.815

4.468

4.121

3.774

3.398

3.051

 

 

 

 

 

 

 

DSCR

1.17

1.25

1.47

1.70

1.98

2.32

 

 

 

 

 

 

 

Average DSCR

1.59

 

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

 

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

 

OPERATING STATEMENT

 

(RS. IN MILLIONS)

 

SR. NO.

PARTICULARS

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

 

 

Projection

Projection

Projection

Projection

Projection

Projection

 

Operating Months

10 Months

12 Months

12 Months

12 Months

12 Months

12 Months

 

Utilized Capacity

50%

53%

55%

60%

65%

70%

 

 

 

 

 

 

 

 

1

GROSS SALES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Domestic Sales

18.340

48.606

50.925

55.484

60.120

64.757

 

 

 

 

 

 

 

 

 

(b) Export Sales

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

(c) Job Sales

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

Total

18.340

48.606

50.925

55.484

60.120

64.757

 

 

 

 

 

 

 

 

2

Less Excise duty

0.000

7.407

7.760

8.455

9.161

9.868

1 

 

 

 

 

 

 

 

3

Net Sales (1-2)

18.340

41.200

43.165

47.029

50.959

54.889

 

 

 

 

 

 

 

 

4

%age rise (+) or fall (-) in net sales as compared to previous year (annualised)

--

124.64%

4.77%

8.95%

8.36%

7.71%

 

 

 

 

 

 

 

 

5

COST OF SALES

 

 

 

 

 

 

 

(i) Raw materials (including stores and other items in the process of manufacture)

12.340

30.614

31.548

34.416

37.284

40.152

 

(a) Imported

12.340

30.614

31.548

34.416

37.284

40.152

 

(b) Indigenous

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

(ii) Other spares

0.183

0.416

0.440

0.479

0.519

0.559

 

(a) Imported

--

--

--

--

--

--

 

(b) Indigenous

0.183

0.416

0.440

0.479

0.519

0.559

 

 

 

 

 

 

 

 

 

(iii) Power and fuel

0.405

0.851

0.891

0.972

1.053

1.134

 

 

 

 

 

 

 

 

 

(iv) Direct Labour (Wages and Salary)

0.270

0.589

0.594

0.648

0.702

0.756

 

 

 

 

 

 

 

 

 

(v) Other Manufacturing Expenses

0.367

0.842

0.905

0.986

1.068

1.151

 

 

 

 

 

 

 

 

 

(vi) Packing Charges

0.126

0.283

0.297

0.303

0.350

0.377

 

 

 

 

 

 

 

 

 

(vii) Depreciation

2.635

1.458

1.261

1.092

0.946

0.820

 

 

 

 

 

 

 

 

 

(viii) Sub-Total (i to v)

16.327

35.032

35.936

38.916

41.923

44.950

 

 

 

 

 

 

 

 

 

Add: Opening Stock-in-Process

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

(ix) Sub-Total (vii + viii)

16.327

35.032

35.936

38.916

41.923

44.950

 

 

 

 

 

 

 

 

 

(x) Deduct: Closing Stock in Process

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

(xi) Cost of Production

16.327

35.032

35.936

38.916

41.923

44.950

 

 

 

 

 

 

 

 

 

(xii) Add: Opening Stock of Finished Goods

0.000

1.161

1.330

1.140

1.239

1.338

 

 

 

 

 

 

 

 

 

Sub Total (x+xi)

16.327

36.214

37.266

40.056

43.162

46.288

 

 

 

 

 

 

 

 

 

(xiii) Deduct: Closing stock of Finished Goods

1.161

1.330

1.140

1.239

1.338

1.438

 

 

 

 

 

 

 

 

 

(xiv) Sub Total (Total Cost of Sales)

15.165

34.883

36.127

38.817

41.824

44.850

 

 

 

 

 

 

 

 

 

Gross Profit

3.175

6.316

7.038

8.212

9.135

10.039

 

 

 

 

 

 

 

 

6

Selling, General and Administrative Expenses

0.367

0.842

0.905

0.986

1.068

1.151

 

 

 

 

 

 

 

 

7

Sub Total (5+6)

15.532

35.726

37.032

39.803

42.892

46.002

 

 

 

 

 

 

 

 

8

Operating Profit Before Interest [3-6]

2.808

5.474

6.132

7.226

8.067

8.887

 

 

 

 

 

 

 

 

9

Interest and Financial Charges

1.841

2.175

1.828

1.481

1.134

0.758

 

 

 

 

 

 

 

 

10

Operating Profit After Interest (7-8)

0.967

3.299

4.304

5.745

6.933

8.129

 

 

 

 

 

 

 

 

11

i. Add: Other Non-Operating Income

 

 

 

 

 

 

 

a. Commission

0.000

0.000

0.000

0.000

0.000

0.000

 

b. Misc. Income

0.000

0.000

0.000

0.000

0.000

0.000

 

c. Scrap Sales

0.000

0.000

0.000

0.000

0.000

0.000

 

d. Purchase of Shares

0.000

0.000

0.000

0.000

0.000

0.000

 

Sub-Total (Income)

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

ii. Deduct: Other Non-Operating Expenses

 

 

 

 

 

 

 

a. Preliminary Expenses w/o

0.046

0.046

0.046

0.046

0.000

0.000

 

b. Misc. Expenses

0.000

0.000

0.000

0.000

0.000

0.000

 

c. Partners Remuneration

0.000

0.000

0.300

0.300

0.300

0.300

 

Sub-Total (Expenses)

0.046

0.046

0.346

0.346

0.300

0.300

 

 

 

 

 

 

 

 

 

iii. Net of other non-operating income/ expenses

(0.046)

(0.046)

(0.346)

(0.346)

(0.300)

(0.300)

 

 

 

 

 

 

 

 

12

Profit before tax/ loss [9+10 (iii)]

0.921

3.253

3.958

5.399

6.633

7.829

 

 

 

 

 

 

 

 

13

Provisions for taxes

0.285

1.005

1.223

1.668

2.050

2.419

 

 

 

 

 

 

 

 

14

Net Profit/ Loss

0.636

2.248

2.735

3.731

4.583

5.410

 

 

 

 

 

 

 

 

15

a. Equity Dividend

0.000

0.000

0.000

0.000

0.000

0.000

 

b. Dividend Rate (Including tax on dividend)

0%

0%

0%

0%

0%

0%

 

 

 

 

 

 

 

 

 16

Retained Profit (13-14)

0.636

2.248

2.735

3.731

4.583

5.410

 

 

 

 

 

 

 

 

17

PBDIT

5.397

6.886

7.048

7.972

8.713

9.408

 

 

 

 

 

 

 

 

18

Cash Profit

3.318

3.752

4.043

4.869

5.530

6.231

 

 

 

 

 

 

 

 

19

Retained Profit/ Net Profit

100%

100%

100%

100%

100%

100%

 

 

 

 

 

 

 

 

20

GP to Sales %

17.31%

15.33%

16.30%

17.46%

17.93%

18.29%

 

 

 

 

 

 

 

 

21

OP to Sales %

5.27%

8.01%

9.97%

12.22%

13.60%

14.81%

 

 

 

 

 

 

 

 

22

PBT to Sales %

5.02%

7.90%

9.17%

11.48%

13.02%

14.26%

 

 

 

 

 

 

 

 

23

NP to Sales %

3.47%

5.46%

6.34%

7.93%

8.99%

9.86%

 

 

 

 

 

 

 

 

24

Interest Coverage

1.72

2.90

3.85

5.54

8.06

13.24

 

 

 

 

 

 

 

 

25

PBDIT to Sales %

29.43%

16.71%

16.33%

16.95%

17.10%

17.14%

 

 

 

 

 

 

 

 

26

Cash Profit to Sales %

18.09%

9.11%

9.37%

10.35%

10.85%

11.35%

 

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

 

ANALYSIS OF BALANCE SHEET

 

(RS. IN MILLIONS)

 

SR. NO.

PARTICULARS

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

 

 

Projection

Projection

Projection

Projection

Projection

Projection

 

Operating Months

10 Months

12 Months

12 Months

12 Months

12 Months

12 Months

 

 

 

 

 

 

 

 

1

Short term borrowings from bank (incl. Bills purchased, discounted and excess borrowings placed on repayment basis)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(i) From applicant bank

3.000

3.000

3.000

3.000

3.000

3.000

 

 

 

 

 

 

 

 

 

(ii) From other banks

--

--

--

--

--

--

 

 

 

 

 

 

 

 

 

(iii) (Of which BP & BD)

--

--

--

--

--

--

 

 

 

 

 

 

 

 

 

Sub-Total [i+ii] (A)

3.000

3.000

3.000

3.000

3.000

3.000

 

 

 

 

 

 

 

 

2

Short term borrowings from others

--

--

--

--

--

--

 

 

 

 

 

 

 

 

3

Sundry Creditors (Manufacturing)

0.240

0.595

0.613

0.669

0.725

0.781

 

 

 

 

 

 

 

 

4

Advance payments from customers/ deposits from dealers

--

--

--

--

--

--

 

 

 

 

 

 

 

 

5

Provision for Taxation

0.285

1.005

1.223

1.668

2.050

2.419

 

 

 

 

 

 

 

 

6

Dividend Payable

--

--

--

--

--

--

 

 

 

 

 

 

 

 

7

Other statutory liabilities (due within one year)

--

--

--

--

--

--

 

 

 

 

 

 

 

 

8

Deposits/ Instalments of term loan/ DPGs/ Debentures, etc.(due within one year)

2.892

2.892

2.892

2.892

2.892

2.892

 

 

 

 

 

 

 

 

9

Other current liabilities and Provisions (due within one year)

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

Sub Total [2 to 9] (B)

3.416

4.492

4.728

5.229

5.666

6.092

 

 

 

 

 

 

 

 

10

Total Current Liabilities [A + B]

6.416

7.492

7.728

8.229

8.666

9.092

 

 

 

 

 

 

 

 

 

TERM LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11

Debentures (not maturing within one year)

--

--

--

--

--

--

 

 

 

 

 

 

 

 

12

Preference Shares (redeemable after one year)

--

--

--

--

--

--

 

 

 

 

 

 

 

 

13

Term loans (excluding instalments payable within one year)

14.458

11.567

8.675

5.783

2.892

0.000

 

 

 

 

 

 

 

 

14

Deferred Payment Credits (excluding instalments payable within one year)

--

--

--

--

--

--

 

 

 

 

 

 

 

 

15

Term Deposits/ Unsecured Loan (Repayable after one year)

2.772

2.772

2.772

2.772

2.772

2.772

 

 

 

 

 

 

 

 

16

Other Term Liabilities

--

--

--

--

--

--

 

 

 

 

 

 

 

 

17

Total Term Liabilities [11+16]

17.230

14.338

11.447

8.555

5.663

2.772

 

 

 

 

 

 

 

 

18

Total Outside Liabilities [10+17]

23.646

21.830

19.175

16.784

14.329

11.863

 

 

 

 

 

 

 

 

 

NET WORTH

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19

Partners Capital

5.500

5.500

5.500

5.500

5.500

5.500

 

 

 

 

 

 

 

 

20

General Reserve

--

--

--

--

--

--

 

 

 

 

 

 

 

 

21

Share Premium

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

22

Deferred Tax Liability/ Asset

0.163

0.162

0.157

0.151

0.143

0.134

 

 

 

 

 

 

 

 

23

Other Reserves (Excluding Provisions)

--

--

--

--

--

--

 

 

 

 

 

 

 

 

24

Surplus (+) or Deficit (-) in Profit and Loss A/c

0.636

2.884

5.619

9.350

13.933

19.343

 

 

 

 

 

 

 

 

25

Other differed Tax Liabilities

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

26

Net Worth

6.299

8.546

11.277

15.001

19.576

24.977

 

 

 

 

 

 

 

 

27

Total Liabilities [18+24]

29.945

30.376

30.451

31.785

33.906

36.841

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28

Cash and Bank Balances

0.181

0.225

0.392

0.428

0.501

0.617

 

 

 

 

 

 

 

 

29

Investments (Other than long term)

 

 

 

 

 

 

 

I. Government and Other Trustee Securities

--

--

--

--

--

--

 

II. Fixed Deposits with Banks

--

--

--

--

--

--

 

 

 

 

 

 

 

 

30

(i) Receivables other than deferred and exports Manufacturing

1.834

2.060

2.158

2.351

2.548

2.744

 

(ii) Export receivable (Including Bills purchased and discounted by banks)

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

31

Instalments of deferred receivable (Due within one year)

--

--

--

--

--

--

 

 

 

 

 

 

 

 

32

Inventory

2.395

2.861

2.717

2.959

3.202

3.445

 

(i) Raw materials (including stores and other items in process of manufacture)

1.234

1.531

1.577

1.721

1.864

2.008

 

(a) Imported

0.000

0.000

0.000

0.000

0.000

0.000

 

(b) Indigenous

1.234

1.531

1.577

1.721

1.864

2.008

 

(ii) Stock-in-process

0.000

0.000

0.000

0.000

0.000

0.000

 

(iii) Finished Goods

1.161

1.330

1.140

1.239

1.338

1.438

 

(iv) Other consumable spares

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

33

Advance to suppliers of Raw materials

--

--

--

--

--

--

 

 

 

 

 

 

 

 

34

Advance payment of taxes

--

--

--

--

--

--

 

 

 

 

 

 

 

 

35

Other current assets

4.339

5.339

5.800

6.300

6.900

7.600

 

a. Prepaid Expenses, Excise Refundable

0.839

0.839

0.000

0.000

0.000

0.000

 

b. Advances for Expenses

0.000

0.000

0.000

0.000

0.000

0.000

 

c. Deposits with GEB, Excise, etc.

0.000

0.000

0.000

0.000

0.000

0.000

 

d. Other Loans and Advances

3.500

4.500

5.800

6.300

6.900

7.600

 

 

 

 

 

 

 

 

36

Total Current Asset [Total 26 To 33]

8.749

10.484

11.067

12.038

13.152

14.407

 

 

 

 

 

 

 

 

 

FIXED ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

37

Gross Block [Land, Building, Machinery, Work-in-Progress]

22.647

22.647

22.647

22.647

22.647

22.647

 

 

 

 

 

 

 

 

38

Depreciation to date

2.635

4.093

5.355

6.447

7.393

8.214

 

 

 

 

 

 

 

 

39

NET BLOCK (35-36)

20.012

18.554

17.292

16.200

15.254

14.434

 

 

 

 

 

 

 

 

 

OTHER NON-CURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40

Investments/ book debts / advances/ deposits which are not current assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

i. Investments in subsidiary companies/ affiliates 

--

--

--

--

--

--

 

 

 

 

 

 

 

 

 

ii. Advances to suppliers of capital goods and contractors

--

--

--

--

--

--

 

 

 

 

 

 

 

 

 

iii. Deferred Receivables (Maturity exceeding one year)

--

--

--

--

--

--

 

 

 

 

 

 

 

 

 

iv. Others

1.000

1.200

2.000

3.500

5.500

8.000

 

a. Deposits – GEB Deposit

1.000

1.000

1.000

1.000

1.000

1.000

 

b. Investment

0.000

0.200

1.000

2.500

4.500

7.000

 

 

 

 

 

 

 

 

41

Non-Consumables Stores and Spares

--

--

--

--

--

--

 

 

 

 

 

 

 

 

42

Other non-current assets including (Dues from directors)

--

--

--

--

--

--

 

 

 

 

 

 

 

 

43

Total other non-current assets (38 to 40)

1.000

1.200

2.000

3.500

5.500

8.000

 

 

 

 

 

 

 

 

44

Intangible assets (Patents, Goodwill, prelim. expenses, bad/ doubtful debts not provided for etc.)

0.184

0.138

0.092

0.046

0.000

0.000

 

 

 

 

 

 

 

 

45

TOTAL ASSETS (Total of 34+37+41+42)

29.945

30.376

30.451

31.785

33.906

36.841

 

 

 

 

 

 

 

 

46

Tangible Net Worth   (24-42)

6.115

8.408

11.185

14.955

19.576

24.977

 

 

 

 

 

 

 

 

47

Net Working Capital (34-10)

2.333

2.992

3.339

3.809

4.485

5.315

 

 

 

 

 

 

 

 

48

Current Ratio (34/10)

1.36

1.40

1.43

1.46

1.52

1.58

 

 

 

 

 

 

 

 

49

Total Outside Liabilities/ Tangible Net Worth (18/46)

3.87

2.60

1.71

1.12

0.73

0.47

 

 

 

 

 

 

 

 

50

Total Term Liabilities/ Tangible Net Worth (17/46)

2.82

1.71

1.02

0.57

0.29

0.11

 

 

 

 

 

 

 

 

51

Quasi TOL/ TNW

2.35

1.70

1.18

0.79

0.52

0.33

 

 

 

 

 

 

 

 

52

Quasi TTL/ TNW

1.63

1.03

0.62

0.33

0.13

0.00

 

 

 

 

 

 

 

 

53

Security Margin (S.M) – (Tangible Assets – Term Loan)/ Tangible Assets

0.28

0.38

0.50

0.64

0.81

1.00

 

 

 

 

 

 

 

 

 

ADDITIONAL INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. Arrears of depreciation

N/A

N/A

N/A

N/A

N/A

N/A

 

 

 

 

 

 

 

 

 

B. Contingent Liabilities:

 

 

 

 

 

 

 

(a) Arrears of cumulative dividends

N/A

N/A

N/A

N/A

N/A

N/A

 

(b) Gratuity liability not provided for

N/A

N/A

N/A

N/A

N/A

N/A

 

(c) Disputed excise/ customs/ tax liabilities

N/A

N/A

N/A

N/A

N/A

N/A

 

(d) Other liabilities not provided for

N/A

N/A

N/A

N/A

N/A

N/A

 

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

 

FUNDS FLOW STATEMENT

 

(RS. IN MILLIONS)

 

SR. NO.

PARTICULARS

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

 

 

Projection

Projection

Projection

Projection

Projection

Projection

 

Operating Months

10 Months

12 Months

12 Months

12 Months

12 Months

12 Months

 

 

 

 

 

 

 

 

1

SOURCES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[a] Net Profit

0.636

2.248

2.735

3.731

4.583

5.410

 

 

 

 

 

 

 

 

 

[b] Depreciation

2.635

1.458

1.261

1.092

0.946

0.820

 

 

 

 

 

 

 

 

 

[c] Increase in

5.500

0.000

0.000

0.000

0.000

0.000

 

[i] Capital

5.500

0.000

0.000

0.000

0.000

0.000

 

[ii] Share Premium

0.000

0.000

0.000

0.000

0.000

0.000

 

[iii] Deferred Tax Liability

0.163

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

[d] Increase in Term Liabilities

17.230

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

[e] Decrease in

 

 

 

 

 

 

 

[i] Fixed Assets

0.000

0.000

0.000

0.000

0.000

0.000

 

[ii] Other Non-Current Assets

0.000

0.000

0.000

0.000

0.000

0.000

 

[iii] Non Tangible Assets

0.046

0.046

0.046

0.046

0.046

0.000

 

 

 

 

 

 

 

 

 

[f] Others

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

TOTAL

31.710

3.752

4.043

4.869

5.576

6.231

 

 

 

 

 

 

 

 

2

USES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[a] Net Loss

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

[b] Decrease in Term Liabilities

0.000

2.892

2.892

2.892

2.892

2.892

 

 

 

 

 

 

 

 

 

[c] Increase in

 

 

 

 

 

 

 

[i] Fixed Assets

22.647

0.000

0.000

0.000

0.000

0.000

 

[ii] Other non-current Assets

1.000

0.200

0.800

1.500

2.000

2.500

 

[iii] Increase in Non-Tangible Assets

0.184

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

[d] Dividend Payments

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

[f] Others

2.546

0.000

0.000

0.000

0.000

0.000

 

TOTAL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

Long Term Surplus (+)/ Deficit (-) (1-2)

5.333

0.659

0.347

0.471

0.676

0.830

 

 

 

 

 

 

 

 

4.

Increase/ Decrease in Current Assets *

(As per Details Given Below)

8.749

1.735

0.583

0.971

1.113

1.256

 

 

 

 

 

 

 

 

5.

Increase/ Decrease in Current Liabilities other than Bank Borrowings

3.416

1.076

0.236

0.501

0.437

0.425

 

 

 

 

 

 

 

 

6.

Increase/ Decrease in Working Capital Gap

5.333

0.659

0.347

0.471

0.676

0.830

 

 

 

 

 

 

 

 

7.

Net Surplus(+)/ Deficit(-) [3-6]

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

8.

Increase/ Decrease in Bank Borrowings

3.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

9.

Increase/ Decrease In Net Sales

18.340

22.860

1.965

3.865

3.930

3.930

 

 

 

 

 

 

 

 

1

SHORT TERM SOURCES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a. Increase short term bank borrowings (Including bills purchase and discounted by bank)

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

b. Increase in Other Current Liabilities

3.416

1.076

0.236

0.501

0.437

0.425

 

 

 

 

 

 

 

 

 

c. Decrease in Inventory

0.000

0.000

0.144

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

d. Decrease in Receivables (Including bills purchase and discounted by banker)

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

e. Decrease in Other Current Assets (Including Cash and Bank Balance)

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

Sub-Total

3.416

1.076

0.380

0.501

0.437

0.425

 

 

 

 

 

 

 

 

2

SHORT TERM USES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a. Decrease short term bank borrowings (Including bills purchase and discounted by bank)

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

b. Payment of Dividend

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

c. Decrease in Other Current Liabilities

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

d. Increase in Inventory

2.395

0.466

0.000

0.242

0.243

0.243

 

 

 

 

 

 

 

 

 

e. Increase in Receivable

1.834

0.226

0.098

0.193

0.197

0.197

 

 

 

 

 

 

 

 

 

f. Increase in Other Current Assets (Including Cash and Bank Balance)

4.520

1.043

0.628

 

 

0.536

 

0.674

0.816

 

 

 

 

 

 

 

 

 

Sub-Total

8.749

1.735

0.727

0.971

1.113

1.256

 

 

 

 

 

 

 

 

 

Long term sources

31.710

3.752

4.043

4.869

5.576

6.231

 

Less: Long term uses

26.377

3.093

3.696

4.398

4.900

5.401

 

 

 

 

 

 

 

 

 

Surplus/ Shortfall

5.333

0.659

0.347

0.471

0.676

0.830

 

 

 

 

 

 

 

 

 

Short term sources

3.416

1.076

0.380

0.501

0.437

0.425

 

Less: Short term use

8.749

1.735

0.727

0.971

1.113

1.256

 

Surplus/ Shortfall

(5.330)

(0.659)

(0.347)

(0.471)

(0.676)

(0.830)

 

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

 

COMPARATIVE STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES

 

(RS. IN MILLIONS)

 

SR. NO.

PARTICULARS

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

 

 

Projection

Projection

Projection

Projection

Projection

Projection

 

Operating Months

10 Months

12 Months

12 Months

12 Months

12 Months

12 Months

 

 

 

 

 

 

 

 

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

0.000

 

(Months Consumption)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

 

 

 

 

(b) Indigenous

1.234

1.531

1.577

1.721

1.864

2.008

 

(Months Consumption)

1.20

0.60

0.60

0.60

0.60

0.60

 

 

 

 

 

 

 

 

2.

Other Consumables Spares (Excluding those Included in 1 Above)

 

 

 

 

 

 

 

(a) Imported

0.000

0.000

0.000

0.000

0.000

0.000

 

(Months Consumption)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

 

 

 

 

(b) Indigenous

0.000

0.000

0.000

0.000

0.000

0.000

 

(Months Consumption)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

 

 

 

3.

Stock in Process

0.000

0.000

0.000

0.000

0.000

0.000

 

(Months Consumption)

0.00

0.00

0.00

0.00

0.00

0.00

 

 

 

 

 

 

 

 

4.

Finished Goods (Months Cost of Production)

1.161

1.330

1.140

1.239

1.338

1.438

 

(Months Consumption)

0.92

0.46

0.38

0.38

0.38

0.38

 

 

 

 

 

 

 

 

5.

Receivables other than Export and Deferred Receivables (Including Bills Purchased and Discounted by Banks)

1.834

2.060

2.158

2.351

2.548

2.744

 

(Months Domestic Sales: Excluding Deferred Payment Sales)

1.20

0.51

0.51

0.51

0.51

0.51

 

 

 

 

 

 

 

 

6.

Export Receivables

0.000

0.000

0.000

0.000

0.000

0.000

 

(Months Export Sales)

--

--

--

--

--

--

 

 

 

 

 

 

 

 

7.

Advances to Suppliers of Raw Materials and Stores/ Spares and Consumables.

--

--

--

--

--

--

 

 

 

 

 

 

 

 

8.

Other Current Assets including Cash and Bank Balances and Deferred Receivables due within One Year

4.520

5.563

6.192

6.728

7.401

8.217

 

i. Cash and Bank Balances

0.181

0.225

0.392

0.428

0.501

0.617

 

ii. Fixed Deposits with Banks

--

--

--

--

--

--

 

iii. Advance Payment of Taxes

--

--

--

--

--

--

 

iv. Other Current Assets

4.339

5.339

5.800

6.300

6.900

7.600

 

 

 

 

 

 

 

 

9.

Total Current Assets

8.749

10.484

11.067

12.038

13.152

14.407

 

 

 

 

 

 

 

 

B

CURRENT LIABILITIES

(Other than Bank Borrowings for Working Capital)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.

Creditors for Purchase of Raw Materials, Stores and Consumable Spares

0.240

0.595

0.613

0.669

0.725

0.781

 

(Months Purchases)

0.23

0.23

0.23

0.23

0.23

0.23

 

 

 

 

 

 

 

 

11.

Advances from Customers

--

--

--

--

--

--

 

 

 

 

 

 

 

 

12

Statutory Liabilities

--

--

--

--

--

--

 

 

 

 

 

 

 

 

13.

Other Current Liabilities

3.176

3.897

4.115

4.560

4.941

5.311

 

 

 

 

 

 

 

 

 

a) Short Term Borrowings from Others

--

--

--

--

--

--

 

 

 

 

 

 

 

 

 

b) Provision for Taxation

0.285

1.005

1.223

1.668

2.050

2.419

 

 

 

 

 

 

 

 

 

c) Dividend Payable

--

--

--

--

--

--

 

 

 

 

 

 

 

 

 

d) Deposits/ Installments of Term Loans/ DPGs/ Debentures, etc. (Due within 1 Year)

2.892

2.892

2.892

2.892

2.892

2.892

 

 

 

 

 

 

 

 

 

e) Other Current Liabilities and Provisions (Due within 1 year)

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

14.

TOTAL

3.416

4.492

4.728

5.229

5.666

6.092

 

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

 

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

 

(RS. IN MILLIONS)

 

SR. NO.

PARTICULARS

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

 

 

Projection

Projection

Projection

Projection

Projection

Projection

 

Operating Months

10 Months

12 Months

12 Months

12 Months

12 Months

12 Months

 

 

 

 

 

 

 

 

1

Total Current Assets

8.749

10.484

11.067

12.038

13.152

14.407

 

 

 

 

 

 

 

 

2

Other Current Liabilities Other than Bank Borrowings 

3.416

4.492

4.728

5.229

5.666

6.092

 

 

 

 

 

 

 

 

 

Method I

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

Working Capital Gap (WCP)                   (1-2)

5.333

5.992

6.339

6.809

7.485

8.315

 

 

 

 

 

 

 

 

4

Minimum Stipulated Net Working Capital i.e. 25% of WCG Excluding

1.333

1.498

1.585

1.702

1.871

2.079

 

 

 

 

 

 

 

 

5

Actual/ Projected Net Working Capital

2.333

2.992

3.339

3.809

4.485

5.315

 

 

 

 

 

 

 

 

6

Item 3 minus item 4

4.000

4.494

4.754

5.107

5.614

6.237

 

 

 

 

 

 

 

 

7

Item 3 minus item 5

3.000

3.000

3.000

3.000

3.000

3.000

 

 

 

 

 

 

 

 

8

Maximum Permissible Bank Finance (Item 6 or 7 whichever is lower)

3.000

3.000

3.000

3.000

3.000

3.000

 

 

 

 

 

 

 

 

9

Excess Borrowings Representing - Short Fall in Net Working Capital

0.000

0.000

0.000

0.000

0.000

0.000

 

 

 

 

 

 

 

 

 

Method II

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10

Working Capital Gap (WCP)                   (1-2)

5.333

5.992

6.339

6.809

7.485

8.315

 

 

 

 

 

 

 

 

11

Minimum Stipulated net w.c. i.e. 25% of total c.a. as the case may be depending upon the method of lending being applied. (export receivables to be excluded under both methods)

2.187

2.621

2.767

3.010

3.288

3.602

 

 

 

 

 

 

 

 

12

Actual/ Projected Net Working Capital

2.333

2.992

3.339

3.809

4.485

5.315

 

 

 

 

 

 

 

 

13

Item 10 minus item 11

3.146

3.371

3.572

3.800

4.197

4.714

 

 

 

 

 

 

 

 

14

Item 10 minus item 12

3.000

3.000

3.000

3.000

3.000

3.000

 

 

 

 

 

 

 

 

15

Maximum Permissible Bank Finance (Item 13 or 14 whichever is lower)

3.000

3.000

3.000

3.000

3.000

3.000

 

 

 

 

 

 

 

 

16

Excess Borrowings Representing - Short Fall in Net Working Capital

0.000

0.000

0.000

0.000

0.000

0.000

 

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

 

NETWORTH STATEMENT

 

MR. PRADEEP KANTILAL SHAH (GUARANTOR)

 

(RS. IN MILLIONS)

 

DETAILS OF ASSETS

 

IMMOVABLE PROPERTY

 

TYPE OF VEHICLE

REGISTRATION NO.

MODEL

YEAR OF MAKE

COST AT TIME OF PURCHASE

RC BOOK DETAILS

PRESENT VALUE

 

 

 

 

 

 

 

Commercial

Own

5200 Sq. Ft.

Freehold

1073, Gundi Ni Pole, B/S  BOI, Relief Road, Ahmedabad, Gujarat, India

0.900

45.000

Residential

Own

2700 Sq. Ft.

Freehold

B-6, Aaryavart – II, Opposite Praladnagar, Satellite, Ahmedabad – 380015, Gujarat, India

3.300

50.000

 

Whether Self occupied/ Rented/ Lease out (Give Details): Self Occupied.

 

 

MOVABLE PROPERTY

 

VEHILCES

 

TYPE OF VEHICLE

REGISTRATION NO.

MODEL

YEAR OF MAKE

COST AT TIME OF PURCHASE

RC BOOK DETAILS

PRESENT VALUE

 

 

 

 

 

 

 

Four Wheeler

GJI-RD-7405

--

2014

1.000

--

0.600

 

 

 

 

 

 

 

Four Wheeler

GJI-RD-765

--

2014

0.615

--

0.400

 

 

CAPITAL INVESTED IN BUSINESS

 

NAME OF THE FIRM/ COMPANY

As on 31.03.2014

 

 

Eagle Plastic Corporation

Rs. 2.683 Millions

 

 

 

 

LIABILITIES

 

AS BORROWER

 

BORROWED FROM

PURPOSE OF LOAN

AMOUNT OF LOAN

SECURITY

REPAYMENT TERMS

OUTSTANDING BALANCE

 

 

 

 

 

 

BOI

Car

0.800

Hypothecation of Vehicle

--

--

 

 

 

 

 

 

 

 

LEGAL HEIRS DETAILS

 

SR. NO.

NAME OF LEGAL HEIRS

OCCUPATION

RELATION

AGE

MARTIAL STATUS

ADDRESS

 

 

 

 

 

 

 

1

Smitha Pradeep Shah

Housewife

Wife

49

Married

B-6, Aaryavart – II, Opposite Praladnagar, Satellite, Ahmedabad – 380015, Gujarat, India

 

 

 

 

 

 

2.

Naithik Pradeep Shah

Business

Son

21

Single

 

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

 

NETWORTH STATEMENT

 

MRS. SMITHA PRADEEP SHAH

 

(RS. IN MILLIONS)

 

DETAILS OF ASSETS

 

MOVABLE PROPERTY

 

INVESTMENT IN GOVERNMENT LIKE BONDS/ PPF/ KVP/ IVP, ETC.

 

BOND/ CERTIFICATE NO.

NATURE OF SECURITIES

DATE OF PURCHASE

ISSUING OFFICE/ POST OFFICE

FACE VALUE

DUE DATE

MATURITY AMOUNT

 

 

 

 

 

 

 

PPF

--

--

BOI, Ahmedabad

0.250

--

0.250

 

 

JEWELLARY

 

PARTICULAR

QUANTITY

VALUATION

 

 

 

GOLD

--

3.000

 

 

LEGAL HEIRS DETAILS

 

SR. NO.

NAME OF LEGAL HEIRS

OCCUPATION

RELATION

AGE

MARTIAL STATUS

ADDRESS

 

 

 

 

 

 

 

1.

Pradeep Kantilal Shah

Business

Husband

55 Years

Married

B-6, Aaryavart – II, Opposite Praladnagar, Satellite, Ahmedabad – 380015, Gujarat, India

 

 

 

 

 

 

2.

Naitik Pradeep Shah

Business

Son

21 Years

Single

 

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

 

NETWORTH STATEMENT

 

MR. NAITIK PRADEEPBHAI SHAH

 

(RS. IN MILLIONS)

 

DETAILS OF ASSETS

 

 

BANK A/C

 

BANK

BRANCH

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

PRESENT BALANCE

LAST 6 MONTH AVG. BAL.

 

 

 

 

 

BOI

Relief Road

--

--

--

 

 

MOVABLE PROPERTY

 

INSURANCE POLICIES

 

NAME OF COMPANY AND BRANCH

POLICY NO.

DATE OF ISSUE

SUM ASSURED

SURRENDER VALUE

ANNUAL PREMIUM

PREMIUM PAID UPTO WHAT PERIOD

 

 

 

 

 

 

 

LIC

339052285

--

0.625

--

0.008

31.12.2014

 

 

 

 

 

 

 

LIC

838816668

--

0.625

--

0.030

09.10.2014

 

 

 

 

 

 

 

LIC

834111188

--

0.300

--

0.017

23.06.2015

 

 

INVESTMENT IN GOVERNMENT LIKE BONDS/ PPF/ KVP/ IVP, ETC.

 

BOND/ CERTIFICATE NO.

NATURE OF SECURITIES

DATE OF PURCHASE

ISSUING OFFICE/ POST OFFICE

FACE VALUE

DUE DATE

MATURITY AMOUNT

 

 

 

 

 

 

 

PPF

--

--

--

1.900

--

1.900

 

 

LEGAL HEIRS DETAILS

 

SR. NO.

NAME OF LEGAL HEIRS

OCCUPATION

RELATION

AGE

MARTIAL STATUS

ADDRESS

 

 

 

 

 

 

 

1.

Pradeep Kantilal Shah

Business

Father

55 Years

Married

B-6, Aaryavart – II, Opposite Praladnagar, Satellite, Ahmedabad – 380015, Gujarat, India

 

 

 

 

 

 

2.

Smitha Pradeep Shah

Housewife

Mother

49 Years

Married

 

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

 

VALUATION REPORT

 

 

GENERAL DETAILS

 

 

 

Purpose for which Valuation is made

For Opine present market value Bank of India, Relief Road Branch, Ahmedabad

 

 

Date on which Valuation is made

19.02.2015

 

 

Name of the Owner

Mr. Pradip Kantilal Shah

 

 

Person/ Contact No.

Mr. Naitikbhai (91-9638218418)

 

 

If the property is under joint ownership/ co-ownership, share of each such owner are the shares undivided?

Ownership Property

 

 

Location, Street and Ward No.

1073, Gundi Ni Poli, B/s Bank of India, Relief Road, Ahmedabad

 

 

Survey/ Plot No. of Land

City Survey No. 1680

 

 

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

Mixed Area

 

 

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

Middle Class

 

 

Proximity to civic Amenities like Schools, Hospitals, Offices, Markets, cinema, etc.

Hospitals, Schools, Colleges, Shops, Clinics are available withing 5 to 6 km. area

 

 

Proximities to Civic Amenities

 

School

Near by Area

Hospital

5 to 6 km. area

Office

5 to 6 km. area

Market

5 to 6 km. area

Airport

Approx.. 35 km

 

 

Means and proximity to surface communication by the  locality is served

Bus routes available, rickshaws and private vehicles can easily approach the site

 

 

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

25.91 Sq. Mtr

31 Sq. Yard

(As per Document Produced)

 

 

Orientation of Site

North: City Survey No. 1858

South: City Survey No. 1679

East: Internal Road

West: City Survey No. 1673

 

 

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

 

(i) Initial Premium

(ii) Ground rent payable per annum

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

Freehold Property

 

 

Is there restrictive covenant in regard to use of land?

At Present No

 

 

Are there any agreements of easements?

At Present No

 

 

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

T.P.Is yet to be Finalized

 

 

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

No Contribution is asked or Demanded

 

 

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

At Present No

 

 

Attach a dimensioned site plan

Not Produced

 

 

Attach plans and elevations of all structure standing on the land a layout plan

Not Produced

 

 

(a) Is the building owner occupied / tenanted/ both?

 

(b) If Party Owner Occupied, Specify Portion and Extent of Area under Owner Occupation

Owned Occupied

 

Owned Occupied

 

 

What is the Floor Space Index permissible and percentage actually utilized?

Building Plan is not Produced

 

 

(i) Names of tenant/ lessees/ licensees, etc.

 

(ii) Portion of the  occupation

 

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

 

(iv) Gross amount received for the whole property

Owned Occupied at Present

 

 

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

At Present No

 

 

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

Not Consider

 

 

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

Not Consider

 

 

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

Not Consider

 

 

If a lift is installed, who is to bear the cost of maintenance and operation owner or tenant?

No Lift is Installed

 

 

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

Not Consider

 

 

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

Bear by the Owner

 

 

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

0116-29-0412-0001-L

Amount is Rs. 0.003 Million

 

 

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

Owner Occupied

 

 

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

It is freehold property

 

 

Give instances of sale immovable property in the locality on a separate Sheet, including the name and address of the Property, Registration No., Sale Price and Area of Land Sold

Sale Instance is not possible.

 

 

Land rate proposed in this valuation

Considering the present demand of land located at such location as on the date of valuation, inquiry made from prominent estate brokers for particular area and on personal experience they suggest the rate of land as Rs. 55000 to 70000 Per Sq. Yard.

 

 

Rate of Land Adopted

Rs. 70000 Per Sq. Yard

 

 

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

Instance of sale is not possible

 

 

Year of Commencement of Construction and Year of Completion

Not Consider

 

 

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

Not Consider

 

 

TECHNICAL DETAILS

 

 

 

No of Floors and Height of Each Floor

Not Consider

 

 

Roofing and Terracing

Not Consider

 

 

Plinth Area floor-wise (As per IS: 3861-1966)

Not Consider

 

 

Year of Construction 

Not Consider

 

 

Estimated Future Life

Not Consider

 

 

Type of Construction

Not Consider

 

 

Type of Foundations

Not Consider

 

 

Walls

Not Consider

 

 

Partitions

Not Consider

 

 

Door and Windows

Not Consider

 

 

Flooring

Not Consider

 

 

Finishing

Not Consider

 

 

Roofing and Terracing

Not Consider

 

 

Special architectural or decorative features, if any

Not Consider

 

 

(i) Internal Wiring – Surface or Conduit

 

(ii) Class of fitting – Superior/ Ordinary/ Poor

Not Consider

 

 

Sanitary Installations

i) No. of Water Closets

ii) No. of Lavatory Basin

iii) No. of Urinals

iv) No. of Sinks

v) No. of Bath Tubs

vi) No. Bidets

vii) No. of Geysers

 

Class of Fittings: Superiors/ Colored/ White or Ordinary

Not Consider

 

 

Compound Wall

 

(i) Height and Length

(iii) Type of Construction

Not Consider

 

 

No. of Lifts and Capacity

Not Consider

 

 

Underground Pump – Capacity and Type of Construction

Not Consider

 

 

Over-Head Tank

i) Where Locate

ii) Capacity

iii) Type of Construction

Not Consider

 

 

Pumps No. and their horse power

Not Consider

 

 

Roads and paving within the Compound, Approximate area and Type of Paving

Not Consider

 

 

Sewage, if septic tank provided No. of Capacity

Not Consider

 

 

 

VALUATION

 

VALUE OF LAND

 

Considering the present demand of land in this locality as on date of valuation, the prominent estate brokers and on the basis of their experience, they adopt rate of land Rs. 55000 to 70000 Per Sq. Yard.

 

Area of Land

31 Sq. Yd.

 

 

Value of Land

Area of Land x Rate Adopted

 

 

 

31 x 70000 Per Sq. Yd.

 

 

Total

Rs. 2.170 Millions

 

So, the present value of property

 

Value of Land

Rs. 2.170 Millions

 

 

Total

Rs. 2.170 Millions

 

 

Present market value of property

Rs. 2.170 Millions

 

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

 

VALUATION REPORT

 

 

GENERAL DETAILS

 

 

 

Purpose for which Valuation is made

For

 

 

Date on which Valuation is made

19.02.2015

 

 

Name of the Owner

Mr. Pradip Kantilal Shah

 

 

Person/ Contact No.

Mr. Naitikbhai (91-9638218418)

 

 

If the property is under joint ownership/ co-ownership, share of each such owner are the shares undivided?

Ownership Property

 

 

Location, Street and Ward No.

1073, Gundi Ni Poli, B/s Bank of India, Relief Road, Ahmedabad

 

 

Survey/ Plot No. of Land

City Survey No. 1680

 

 

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

Mixed Area

 

 

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

Middle Class

 

 

Proximity to civic Amenities like Schools, Hospitals, Offices, Markets, cinema, etc.

Hospitals, Schools, Colleges, Shops, Clinics are available withing 5 to 6 km. area

 

 

Proximities to Civic Amenities

 

School

Near by Area

Hospital

5 to 6 km. area

Office

5 to 6 km. area

Market

5 to 6 km. area

Airport

Approx.. 35 km

 

 

Means and proximity to surface communication by the  locality is served

Bus routes available, rickshaws and private vehicles can easily approach the site

 

 

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

54.34 Sq. Mtr

65 Sq. Yard

(As per Document Produced)

 

 

Orientation of Site

North: City Survey No. 1858

South: City Survey No. 1679

East: Internal Road

West: City Survey No. 1673

 

 

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

 

(i) Initial Premium

(ii) Ground rent payable per annum

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

Freehold Property

 

 

Is there restrictive covenant in regard to use of land?

At Present No

 

 

Are there any agreements of easements?

At Present No

 

 

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

T.P.Is yet to be Finalized

 

 

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

No Contribution is asked or Demanded

 

 

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

At Present No

 

 

Attach a dimensioned site plan

Not Produced

 

 

Attach plans and elevations of all structure standing on the land a layout plan

Not Produced

 

 

(a) Is the building owner occupied / tenanted/ both?

 

(b) If Party Owner Occupied, Specify Portion and Extent of Area under Owner Occupation

Owned Occupied

 

Owned Occupied

 

 

What is the Floor Space Index permissible and percentage actually utilized?

Building Plan is not Produced

 

 

(i) Names of tenant/ lessees/ licensees, etc.

 

(ii) Portion of the  occupation

 

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

 

(iv) Gross amount received for the whole property

Owned Occupied at Present

 

 

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

At Present No

 

 

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

Not Consider

 

 

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

Not Consider

 

 

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

Not Consider

 

 

If a lift is installed, who is to bear the cost of maintenance and operation owner or tenant?

No Lift is Installed

 

 

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

Not Consider

 

 

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

Bear by the Owner

 

 

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

0116-29-0412-0001-L

Amount is Rs. 0.003 Million

 

 

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

Owner Occupied

 

 

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

It is freehold property

 

 

Give instances of sale immovable property in the locality on a separate Sheet, including the name and address of the Property, Registration No., Sale Price and Area of Land Sold

Sale Instance is not possible.

 

 

 

Land rate proposed in this valuation

Considering the present demand of land located at such location on the date of valuation, inquiry made from prominent estate brokers for particular area and on personal experience they suggest the rate of land as Rs. 55000 to 70000 Per Sq. Yard

 

 

Rate of Land Adopted

Rs. 70000 Per Sq. Yd.

 

 

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

Instance of sale is not possible

 

 

Year of Commencement of Construction and Year of Completion

Not Consider

 

 

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

Not Consider

 

 

TECHNICAL DETAILS

 

 

 

No of Floors and Height of Each Floor

Not Consider

 

 

Roofing and Terracing

Not Consider

 

 

Plinth Area floor-wise (As per IS: 3861-1966)

Not Consider

 

 

Year of Construction 

Not Consider

 

 

Estimated Future Life

Not Consider

 

 

Type of Construction

Not Consider

 

 

Type of Foundations

Not Consider

 

 

Walls

Not Consider

 

 

Partitions

Not Consider

 

 

Door and Windows

Not Consider

 

 

Flooring

Not Consider

 

 

Finishing

Not Consider

 

 

Roofing and Terracing

Not Consider

 

 

Special architectural or decorative features, if any

Not Consider

 

 

(i) Internal Wiring – Surface or Conduit

 

(ii) Class of fitting – Superior/ Ordinary/ Poor

Not Consider

 

 

Sanitary Installations

i) No. of Water Closets

ii) No. of Lavatory Basin

iii) No. of Urinals

iv) No. of Sinks

v) No. of Bath Tubs

vi) No. Bidets

vii) No. of Geysers

 

Class of Fittings: Superiors/ Colored/ White or Ordinary

Not Consider

 

 

Compound Wall

 

(i) Height and Length

(iii) Type of Construction

Not Consider

 

 

No. of Lifts and Capacity

Not Consider

 

 

Underground Pump – Capacity and Type of Construction

Not Consider

 

 

Over-Head Tank

i) Where Locate

ii) Capacity

iii) Type of Construction

Not Consider

 

 

Pumps No. and their horse power

Not Consider

 

 

Roads and paving within the Compound, Approximate area and Type of Paving

Not Consider

 

 

Sewage, if septic tank provided No. of Capacity

Not Consider

 

 

 

VALUATION

 

VALUE OF LAND

 

Considering the present demand of land in this locality as on date of valuation, the prominent estate brokers and on the basis of their experience, they adopt rate of land Rs. 55000 to 70000 Per Sq. Yard.

 

Area of Land

65 Sq. Yd.

 

 

Value of Land

Area of Land x Rate Adopted

 

 

 

65 x 70000 Per Sq. Yd.

 

 

Total

Rs. 4.550 Millions

 

SO, THE PRESENT VALUE OF PROPERTY

 

Value of Land

Rs. 4.550 Millions

 

 

Total

Rs. 4.550 Millions

 

 

Present market value of property

Rs. 4.550 Millions

 

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

 

 

TRADE REFERENCE

 

·         Reliance Industries

 

 

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 :

KAR

 

 

Report Prepared by :

MRI

 

 

 

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.