MIRA
INFORM REPORT
|
Report No. : |
309875 |
|
Report Date : |
12.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
VISHAL ENTERPRISES |
|
|
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|
Registered
Office : |
DC 4060, Bharat Diamond Bourse, BKC, Bandra (East), Mumbai – 400051, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Establishment : |
16.09.1991 |
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Capital
Investment : |
Rs. 17.686 Millions |
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TIN No.: |
27930338985 |
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IEC No.: |
0391152181 |
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PAN No.: [Permanent Account No.] |
AACFV2696P |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business
: |
Manufacturer, Exporter and Importer of Diamonds. |
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No. of Employees
: |
4 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established partnership concern having a satisfactory
track record. The rating takes into consideration concerns established track record
of business operations and fair profitability margins of the concern. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern can be considered for business dealings at usual 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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. Ketan Kirtilal Shah |
|
Designation : |
Partner |
|
Contact No.: |
91-9323220500 |
|
Date : |
09.03.2015 |
LOCATIONS
|
Registered Office : |
DC 4060, Bharat Diamond Bourse, BKC, Bandra (East), Mumbai – 400051,
Maharashtra, India |
|
Tel. No.: |
91-22-40044646 |
|
Mobile No.: |
91-9323220500 (Mr. Ketan Kirtilal Shah) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Area : |
250 Sq. Ft. |
|
Location : |
Rented |
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|
Factory/ Branch Office : |
Plot No. 2/B, 1st Floor, Khokhawala Compound, Near Torrent House,
Vastadevdi Road, Katargam, Surat – 395004, Gujarat, India |
|
Tel. No.: |
91-261-2538889 |
|
Area : |
1300 Sq. Ft. |
|
Location : |
Rented |
PARTNERS
|
Name : |
Mr. Ketan Kirtilal Shah |
|
Designation : |
Partner |
|
Address : |
3/13, Minerva Mansion, S.V.P. Road, Mumbai – 400004, Maharashtra,
India |
|
Date of Birth/Age : |
11.07.1969 |
|
Qualification : |
B.Com. |
|
Experience : |
20 Years |
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PAN No.: |
ACIPS4364H |
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|
Name : |
Mr. Vishal Kirtilal Shah |
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Designation : |
Partner |
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Address : |
301, Navpad Apartment, Diwali Baug, Athwa Gate, Surat – 395001,
Gujarat, India |
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Date of Birth/Age : |
05.01.1971 |
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Qualification : |
B. Com. |
|
Experience : |
18 Years |
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PAN No.: |
ACIPS4547C |
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|
|
Name : |
Mr. Kirtilal Popatlal Shah |
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Designation : |
Partner |
|
Address : |
301, Navpad Apartment, Diwali Baug, Athwa Gate, Surat – 395001,
Gujarat, India |
|
Date of Birth/Age : |
31.07.1946 |
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Qualification : |
S.S.C. |
|
Experience : |
40 Years |
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PAN No.: |
AGSPS2910F |
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|
|
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Name : |
Mr. Milanbhai Pravinchandra Shah |
|
Designation : |
Partner |
|
Address : |
101, Royal Apartment, Near Kakadiya Complex, Ghoddod Road, Surat –
395007, Gujarat, India |
|
Date of Birth/Age : |
22.12.1956 |
|
Qualification : |
B. Com. |
|
Experience : |
30 Years |
|
PAN No.: |
ADEPS9759H |
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|
|
|
Name : |
Mr. Samkit Milanbhai Shah |
|
Designation : |
Partner |
|
Address : |
101, Royal Apartment, Near Kakadiya Complex, Ghoddod Road, Surat –
395007, Gujarat, India |
|
Date of Birth/Age : |
10.09.1984 |
|
Qualification : |
BBA |
|
Experience : |
10 Years |
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PAN No.: |
AQNPS7882H |
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|
|
|
Name : |
Mr. Hardik Milanbhai Shah |
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Designation : |
Partner |
|
Address : |
101, Royal Apartment, Near Kakadiya Complex, Ghoddod Road, Surat –
395007, Gujarat, India |
|
Date of Birth/Age : |
22.01.1989 |
|
Qualification : |
B. Com. |
|
Experience : |
6 Years |
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PAN No.: |
BNYPS4611P |
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|
Name : |
Mr. Parth Ketan Shah |
|
Designation : |
Partner |
|
Address : |
3/13, Minerva Mansion, S.V.P. Road, Mumbai – 400004, Maharashtra,
India |
|
Date of Birth/Age : |
24.04.1994 |
|
Qualification : |
BMS |
|
Experience : |
2 Years |
|
PAN No.: |
CJXPS3768M |
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|
|
|
Name : |
Mr. Samarth Vishal Shah |
|
Designation : |
Partner |
|
Address : |
301, Navpad Apartment, Diwali Baug, Athwa Gate, Surat – 395001,
Gujarat, India |
|
Date of Birth/Age : |
27.01.1996 |
|
Qualification : |
S.Y.B. Com. |
|
Experience : |
1 Year |
|
PAN No.: |
CJYPS3544Q |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Diamonds. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Diamonds |
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Countries : |
· Hong Kong Singapore |
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Imports : |
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Products : |
Rough Diamonds |
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Countries : |
Belgium |
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Terms : |
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Selling : |
-- |
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Purchasing : |
-- |
GENERAL INFORMATION
|
Suppliers : |
· Diambel N.V., Belgium Gemasia B.V.B.A., Belgium Paras Gems, India Mayur Gems, India Alankrit Exim Private Limited Mayur Gems Rapaport India Private Limited Arham Diamond Twison Diam Private Limited Vishal Range Diamond |
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Customers : |
· Cheungning Company Limited, Hong Kong Globe Diamonds Singapore Pte. Limited, Singapore Reliance Traders, Hong Kong B R Designs Private Limited, India Nilay Gems, India |
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No. of Employees : |
4 (Approximately) |
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Bankers : |
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Facilities : |
-- |
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Auditors : |
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|
Name : |
B R Bhandari and Company Chartered Accountants |
|
Address : |
293/26, Sopariwala House, 2nd Floor, Princess Street,
Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22063020/ 66343852 |
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Fax No.: |
91-22-66343852 |
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E-Mail : |
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Related Party : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
|
Capital Investment : |
|
|
Owned : |
Rs. 17.686 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 17.686 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
17.686 |
10.264 |
9.834 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
17.686 |
10.264 |
9.834 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
4.578 |
1.912 |
22.472 |
|
|
TOTAL BORROWING |
4.578 |
1.912 |
22.472 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
22.264 |
12.176 |
32.306 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.917 |
1.003 |
1.088 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.011 |
0.011 |
0.011 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
38.593 |
25.675 |
13.711 |
|
|
Sundry Debtors |
13.277 |
7.729 |
21.555 |
|
|
Cash & Bank Balances |
0.697 |
0.607 |
0.264 |
|
|
Other Current Assets |
2.382 |
0.491 |
0.000 |
|
|
Loans & Advances |
4.274 |
1.153 |
0.484 |
|
Total
Current Assets |
59.223
|
35.655 |
36.014 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
29.473
|
23.121 |
4.773 |
|
|
Other Current Liabilities |
4.441
|
0.491 |
0.034 |
|
|
Provisions |
3.973
|
0.881 |
0.000 |
|
Total
Current Liabilities |
37.887
|
24.493 |
4.807 |
|
|
Net Current Assets |
21.336
|
11.162 |
31.207 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
22.264 |
12.176 |
32.306 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
280.680 |
128.574 |
119.254 |
|
|
|
Other Income |
3.732 |
0.131 |
0.287 |
|
|
|
TOTAL |
284.412 |
128.705 |
119.541 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
232.534 |
102.285 |
100.560 |
|
|
|
Labour |
14.183 |
7.590 |
4.620 |
|
|
|
Rapaport |
0.000 |
0.000 |
0.030 |
|
|
|
Brokerage Expense |
1.790 |
0.000 |
0.000 |
|
|
|
GIA Grading Charges |
18.728 |
11.885 |
1.160 |
|
|
|
Administrative and Selling Expenses |
4.959 |
2.712 |
6.540 |
|
|
|
Interest on Loan |
0.393 |
0.237 |
0.157 |
|
|
|
Interest to Partners |
1.065 |
1.068 |
0.536 |
|
|
|
Remuneration to Partners |
6.473 |
0.582 |
3.565 |
|
|
|
TOTAL |
280.125 |
126.359 |
117.168 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.287 |
2.346 |
2.373 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.104 |
0.116 |
0.134 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
4.183 |
2.230 |
2.239 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.300 |
1.416 |
0.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2.883 |
0.814 |
2.204 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.03
|
0.63 |
1.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.96
|
6.08 |
6.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.22 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.26
|
0.19 |
2.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.56
|
1.46 |
7.49 |
PROVISIONAL
BALANCE SHEET
[MUMBAI
OFFICE]
|
PARTICULARS |
01.04.2014 to 27.02.2015 |
|
|
|
Debit |
Credit |
|
Capital Account |
|
4.812 |
|
Hardik M. Shah |
|
0.320 |
|
Ketan K. Shah |
|
0.460 |
|
Kirtilal P. Shah |
|
1.189 |
|
Milanbhai P. Shah |
|
1.019 |
|
Parth K. Shah |
|
0.222 |
|
Samkit M. Shah |
|
0.584 |
|
Vishal K. Shah |
|
1.018 |
|
|
|
|
|
Loans
[Liability] |
0.107 |
|
|
Unsecured Loans |
0.107 |
|
|
|
|
|
|
Current
Liabilities |
2.037 |
12.777 |
|
Duties and Taxes |
0.385 |
0.469 |
|
Sundry Creditors |
1.651 |
10.316 |
|
Provision for Income Tax [AY 13-14] |
-- |
0.692 |
|
Provision for Income Tax [AY 14-15] |
-- |
1.300 |
|
TDS Payable |
0.001 |
|
|
|
|
|
|
Fixed Assets |
0.852 |
|
|
Computer |
0.015 |
|
|
Office Premises |
0.330 |
|
|
Plant and Machinery |
0.483 |
|
|
Safe |
0.024 |
|
|
|
|
|
|
Current Assets |
26.515 |
|
|
Opening Stock |
8.444 |
|
|
Deposits [Assets] |
0.061 |
|
|
Loans and Advances [Assets] |
2.875 |
|
|
Sundry Debtors |
11.678 |
|
|
Cash in Hand |
0.062 |
|
|
Bank Accounts |
3.326 |
|
|
Sales Tax Refund |
0.069 |
|
PROVISIONAL
PROFIT & LOSS ACCOUNT
[MUMBAI
OFFICE]
|
|
PARTICULARS |
|
|
01.04.2014
to 27.02.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
110.607 |
|
|
|
Other Income |
|
|
0.655 |
|
|
|
TOTAL |
|
|
111.262 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
|
97.512 |
|
|
|
Indirect
Expenses Bank Charges |
|
|
0.182 |
|
|
|
Commission Paid |
|
|
0.359 |
|
|
|
Electricity charges |
|
|
0.047 |
|
|
|
Export Forwarding charges |
|
|
0.433 |
|
|
|
Miscellaneous Expenses |
|
|
0.086 |
|
|
|
Professional Fees |
|
|
0.048 |
|
|
|
Rapenet charges |
|
|
0.100 |
|
|
|
Travelling Expenses |
|
|
0.439 |
|
|
|
Other Expenses |
|
|
0.134 |
|
|
|
TOTAL |
|
|
99.340 |
PROVISIONAL
BALANCE SHEET
[SURAT
OFFICE]
|
LIABILITIES |
28.02.2015 |
ASSETS |
28.02.2015 |
|
|
|
|
|
|
Hardik M. Shah |
1.161 |
Computer Purchase |
0.106 |
|
Ketan K. Shah |
0.867 |
Machinery [Elec.] Purchases |
0.047 |
|
Kirtilal P. Shah |
2.163 |
Safe (Loker) Purchase |
0.019 |
|
Milanbhai P. Shah |
2.274 |
Silver Purchase |
0.010 |
|
Parth K. Shah |
0.480 |
Polish Diamonds Stock |
9.825 |
|
Samarth Vishal Shah |
0.609 |
B.R. Designs Private Limited |
23.081 |
|
Samkit M. Shah |
1.907 |
Janam Diamonds Private Limited |
0.452 |
|
Vishal K. Shah |
1.611 |
Jasraj Kalianji and Co. |
0.007 |
|
Girishbhai C. Shah |
0.250 |
Jay-SM International |
1.926 |
|
Mitaben G. Shah |
0.200 |
Kantilal Chhotalal |
0.270 |
|
Bonus Payable |
0.100 |
Main Office – Mumbai |
30.746 |
|
Interest Payable |
1.315 |
Nilay Gems |
9.289 |
|
Remuneration payable |
3.500 |
P. Manish Exports |
0.245 |
|
Atulbhai Mohanbhai T. |
0.154 |
Raha Exports |
0.472 |
|
Diamaxon M.E. |
24.377 |
Shah Impex |
2.229 |
|
Diambel |
46.153 |
Twison Diam Private Limited |
20.523 |
|
Gemasia B.V.B.A. |
8.729 |
Vega Jeweldham Private Limited |
0.708 |
|
Hitesh Mohanbhai T. |
0.146 |
Cash |
0.264 |
|
Javerbhai Dharnashibha |
0.197 |
Allahabad Bank – Surat |
0.018 |
|
Ritesh Exports |
2.442 |
|
|
|
Vipul Dismonds |
1.500 |
|
|
|
Dineshbhai Kalidas M. |
0.012 |
|
|
|
Gilli Prasad |
0.007 |
|
|
|
Gumansing Parmar |
0.006 |
|
|
|
Keyur Nalinbhai Shah |
0.025 |
|
|
|
Nishant Pravinbhai B. |
0.015 |
|
|
|
Parth Pareshbhai Shah |
0.015 |
|
|
|
Sachin Chimanlal Shah |
0.012 |
|
|
|
Viralbhai Sadhibhai M. |
0.010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
100.237 |
Total |
100.237 |
PROVISIONAL
PROFIT & LOSS ACCOUNT
[SURAT
OFFICE]
|
|
PARTICULARS |
|
|
01.04.2014
to 28.02.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
249.486 |
|
|
|
Other Income |
|
|
1.006 |
|
|
|
TOTAL |
|
|
250.492 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Brokerage Expenses |
|
|
0.846 |
|
|
|
Labour Expenses |
|
|
10.822 |
|
|
|
Polish Diamond Purchase |
|
|
12.372 |
|
|
|
Rough Diamond Purchase |
|
|
204.694 |
|
|
|
Accountant Salary Expenses |
|
|
0.180 |
|
|
|
Bonus Salary |
|
|
0.100 |
|
|
|
Gia Grading Charges |
|
|
13.605 |
|
|
|
Gia Grading Charges – Repa |
|
|
0.176 |
|
|
|
HRD Grading Expenses |
|
|
0.105 |
|
|
|
Import Expenses |
|
|
0.112 |
|
|
|
Interest Expenses |
|
|
0.284 |
|
|
|
Interest Partners |
|
|
1.315 |
|
|
|
Remuneration |
|
|
3.500 |
|
|
|
Stationery and Printing |
|
|
1.247 |
|
|
|
Other Expenses |
|
|
0.326 |
|
|
|
TOTAL |
|
|
249.684 |
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
|
0.808 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Partner’s Capital |
9.834 |
10.264 |
17.686 |
|
Profit and Loss Account |
0.000 |
0.000 |
0.000 |
|
Net
worth |
9.834 |
10.264 |
17.686 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
22.472 |
1.912 |
4.578 |
|
Total
borrowings |
22.472 |
1.912 |
4.578 |
|
Debt/Equity ratio |
2.285 |
0.186 |
0.259 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
119.254 |
128.574 |
280.680 |
|
|
|
7.815 |
118.302 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
119.254 |
128.574 |
280.680 |
|
Profit |
2.204 |
0.814 |
2.883 |
|
|
1.85% |
0.63% |
1.03% |
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 |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
Yes |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
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 |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
(RS.
IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Sanket Jayantilal Shah |
0.275 |
-- |
|
Shah Mehul Mafatlal |
0.101 |
-- |
|
Vipulkumar Kirtilal Shah |
0.282 |
-- |
|
Dipali Bhavesh Shah |
0.164 |
-- |
|
Girishbhai C. Shah |
0.273 |
-- |
|
Mehul M. Shah |
0.217 |
-- |
|
Mitaben G. Shah |
0.219 |
-- |
|
Mittal Rahul Shah |
0.164 |
-- |
|
Rahul Mafatlal Shah |
0.543 |
-- |
|
Shreyansh Mafatlal Shah |
0.545 |
-- |
|
Ushaben K. Shah |
1.795 |
1.912 |
|
|
|
|
|
Total |
4.578 |
1.912 |
------------------------------------------------------------------------------------------------------------------------------
VISHAL ENTERPRISES
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
2013-2014 |
||
|
|
|
|
|
|
PROFITS AND GAINS
FROM BUSINESS AND PROFESSION |
|
|
4.166 |
|
|
|
|
|
|
Vishal Enterprises |
|
4.183 |
|
|
|
|
|
|
|
Add: |
|
|
|
|
Depreciation Disallowed |
0.104 |
|
|
|
Disallowed Partners Remuneration |
6.473 -------- |
6.577 -------- |
|
|
|
|
10.760 |
|
|
Less: Allowed Depreciation |
|
(0.121) -------- |
|
|
|
|
10.639 |
|
|
Less: Allowed Remuneration U/S 40 B |
|
(6.473) -------- |
|
|
|
|
4.166 |
|
|
Gross Total Income |
|
|
4.166 -------- |
|
|
|
|
|
|
Total Income |
|
|
4.166 |
|
|
|
|
|
|
Total Income Rounded off u/s 288A |
|
|
4.166 |
|
|
|
|
|
|
COMPUTIONS OF TAX ON TOTAL INCOME |
|||
|
|
|
|
|
|
Tax on Rs. 4.166 Millions @ 30% |
|
1.250 -------- |
|
|
|
|
1.250 |
|
|
Add: Education Cess @ 2% |
|
0.025 -------- |
|
|
|
|
1.275 |
|
|
Add: Secondary and Higher Education Cess @ 1% |
|
0.012 -------- |
|
|
|
|
1.287 |
|
|
|
|
|
|
|
Less Advance Tax |
|
|
|
|
0360743 – 91200 – 07.09.2013 |
0.300 |
|
|
|
0360743 – 90705 – 10.12.2013 |
0.300 |
|
|
|
0360743 – 90138 – 14.03.2014 |
0.200 |
|
|
|
0350473 – 00001 – 31.03.2014 |
0.500 -------- |
1.300 -------- |
|
|
|
|
(0.013) |
|
|
Add: Interest
Payable |
|
|
|
|
Interest u/s 234C |
0.013 -------- |
0.013 -------- |
|
|
|
|
0.000 |
|
|
Refundable |
|
0.000 |
|
|
Tax Rounded off u/s
288B |
|
0.000 |
|
------------------------------------------------------------------------------------------------------------------------------
MR. KIRTILAL POPATLAL SHAH
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
2013-2014 |
||
|
|
|
||
|
PROFITS AND GAINS
FROM BUSINESS AND PROFESSION |
|
|
1.077 |
|
|
|
|
|
|
Profit from Firm: Vishal Enterprise |
|
|
|
|
Remuneration |
|
0.971 |
|
|
Interest |
|
0.251 |
|
|
Profit |
|
0.433 -------- |
|
|
|
|
1.655 |
|
|
|
|
|
|
|
Less : Account Fees |
|
(0.010) |
|
|
|
|
|
|
|
Less: Demat Charges |
|
(0.001) |
|
|
|
|
|
|
|
Less: Depreciation |
|
(0.005) |
|
|
|
|
|
|
|
Less: Light Bill |
|
(0.008) |
|
|
|
|
|
|
|
Less: Misc. Exps. |
|
(0.016) |
|
|
|
|
|
|
|
Less: Municipal Tax |
|
(0.003) |
|
|
|
|
|
|
|
Less: Office Exps. |
|
(0.013) |
|
|
|
|
|
|
|
Less: Professional Tax |
|
(0.003) |
|
|
|
|
|
|
|
Less: Salary Exps. |
|
(0.076) |
|
|
|
|
|
|
|
Less: Share Exps. |
|
(0.004) |
|
|
|
|
|
|
|
Less: Telephone Exps. |
|
(0.006) |
|
|
|
|
|
|
|
Less: Profit Exempt u/s 10(2A) |
|
(0.432) -------- |
|
|
|
|
1.077 -------- |
|
|
|
|
|
|
|
Capital Gains |
|
|
0.014 |
|
Short Term Capital Gain on Listed Securities (STT Paid) |
|
0.014 -------- |
|
|
|
|
|
|
|
Income from
Other Sources |
|
|
0.042 |
|
Bank Interest |
|
0.003 |
|
|
F and O Profit |
|
0.039 |
|
|
Total |
|
-------- 0.042 -------- |
|
|
|
|
|
|
|
Gross Total Income |
|
|
1.133 |
|
|
|
|
|
|
Less Deductions
Under Chapter-VIA |
|
|
|
|
80C Deduction |
|
0.068 |
|
|
80D Medical Insurance Premium |
|
0.011 |
|
|
80TTA Interest on Deposits in Savings Account |
|
0.003 -------- |
|
|
Total Deductions |
|
|
0.082 -------- |
|
Total Income |
|
|
1.051 |
|
Total Income Rounded Off u/s 288A |
|
|
1.051 |
|
|
|
|
|
|
COMPUTAION OF TAX ON TOTAL INCOME |
|||
|
|
|
|
|
|
Tax on Rs. 0.250 Million |
0.000 |
|
|
|
|
|
|
|
|
Tax on Rs. 0.250 Million (0.500-0.250) @ 10% |
0.025 |
|
|
|
|
|
|
|
|
Tax on Rs. 0.500 Million (1.000-0.500) @ 20% |
0.100 |
|
|
|
|
|
|
|
|
Tax on Rs. 0.038 Million (1.038-1.000) @ 30% |
0.011 -------- |
|
|
|
|
|
|
|
|
Tax on Rs. 1.038 Millions |
|
0.136 |
|
|
|
|
|
|
|
Tax on Short Term Listed Securities u/s 111A Rs. 0.014 Million @ 15% |
|
0.002 -------- |
|
|
|
|
0.138 |
|
|
Add: Education Cess @ 2% |
|
0.003 -------- |
|
|
|
|
0.141 |
|
|
Add: Secondary and Higher Education Cess @ 1% |
|
0.002 -------- |
|
|
|
|
0.143 |
|
|
Less: Advance
Tax |
|
|
|
|
0210522 – 00001 – 31.03.2014 |
0.100 -------- |
0.100 -------- |
|
|
|
|
0.043 |
|
|
Add: Interest
Payable |
|
|
|
|
Interest u/s 234A |
0.002 |
|
|
|
Interest u/s 234B |
0.005 |
|
|
|
Interest u/s 234C |
0.005 -------- |
0.012 -------- |
|
|
|
|
0.055 |
|
|
|
|
|
|
|
Tax Payable |
|
0.055 -------- |
|
------------------------------------------------------------------------------------------------------------------------------
MR. VISHAL KIRTILAL SHAH
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
2013-2014 |
||
|
|
|
||
|
PROFITS AND
GAINS FROM BUSINESS AND PROFESSION |
|
|
0.783 |
|
|
|
|
|
|
Profit from
Firm: Laxmi Laser |
|
|
|
|
Remuneration |
|
0.060 |
|
|
Interest |
|
0.034 |
|
|
Profit |
|
0.006 -------- |
|
|
|
|
0.100 |
|
|
Less: Profit Exempt u/s 10(2A) |
|
(0.006) |
|
|
|
|
-------- 0.094 -------- |
|
|
Profit from
Firm: Vishal Enterprises |
|
|
|
|
Remuneration |
|
0.647 |
|
|
Interest |
|
0.152 |
|
|
Profit |
|
0.288 -------- |
|
|
|
|
1.087 |
|
|
|
|
|
|
|
Less: Bank Charges |
|
0.000 |
|
|
|
|
|
|
|
Less: Depreciation |
|
(0.047) |
|
|
|
|
|
|
|
Less: Professional Tax |
|
(0.003) |
|
|
|
|
|
|
|
Less: Telephone Expenses |
|
(0.003) |
|
|
|
|
|
|
|
Less: Vehicle Expense |
|
(0.056) |
|
|
|
|
|
|
|
Less: Profit Exempt u/s 10(2A) |
|
(0.288) |
|
|
|
|
--------- 0.690 --------- |
|
|
Capital Gains |
|
|
0.058 |
|
Short Term Capital Gain |
|
0.040 |
|
|
|
|
|
|
|
Short Term Capital Gain on Listed Securities (STT Paid) |
|
0.018 -------- |
|
|
|
|
|
|
|
Income from
Other Sources |
|
|
0.068 |
|
Bank Int. |
|
0.004 |
|
|
Brokerage Income |
0.049 |
|
|
|
Less: Expenses |
0.005 -------- |
0.044 |
|
|
Interest from F.D. |
|
0.020 |
|
|
Total |
|
-------- 0.068 -------- |
|
|
|
|
|
|
|
Gross Total Income |
|
|
0.909 |
|
|
|
|
|
|
Less: Deductions
under Chapter – VIA |
|
|
|
|
|
|
|
|
|
80C Deduction |
|
0.100 |
|
|
|
|
|
|
|
80 D Medical Insurance Premium |
|
0.013 |
|
|
|
|
|
|
|
8 TTA Interest on Deposits in Savings Account |
|
0.004 --------- |
|
|
|
|
|
|
|
Total Deductions |
|
|
0.117 -------- |
|
|
|
|
|
|
Total Income |
|
|
0.792 |
|
|
|
|
|
|
Total Income Rounded Off U/s 288A |
|
|
0.792 |
|
|
|
|
|
|
COMPUTATION
OF TAX ON TOTAL INCOME |
|||
|
|
|
|
|
|
Tax on Rs. 0.200 Million |
0.000 |
|
|
|
|
|
|
|
|
Tax on Rs. 0.300 Million (0.500-0.200) @ 10% |
0.030 |
|
|
|
|
|
|
|
|
Tax on Rs. 0.274 Million (0.774-0.500) @ 20% |
0.055 --------- |
|
|
|
|
|
|
|
|
Tax on Rs. 0.774 Million |
|
0.085 |
|
|
|
|
|
|
|
Tax on Short Term Listed Securities u/s 111A Rs. 0.018 @ 15% |
|
0.002 -------- |
|
|
|
|
|
|
|
|
|
0.087 |
|
|
|
|
|
|
|
Add: Education Cess @ 2% |
|
0.002 --------- |
|
|
|
|
0.089 |
|
|
|
|
|
|
|
Add: Secondary and Higher Education Cess @ 1% |
|
0.001 -------- |
|
|
|
|
0.090 |
|
|
Less: Advance
Tax |
|
|
|
|
0210522 – 00003 – 31.03.2014 |
0.100 -------- |
0.100 -------- |
|
|
|
|
(0.010) |
|
|
|
|
|
|
|
Add: Interest
Payable |
|
|
|
|
Interest U/s 234C |
0.004 -------- |
0.004 -------- |
|
|
|
|
|
|
|
|
|
(0.006) |
|
|
|
|
|
|
|
Refundable |
|
(0.006) |
|
|
|
|
|
|
|
Tax Rounded Off U/s
288B |
|
(0.006) |
|
------------------------------------------------------------------------------------------------------------------------------
MR. MILAN PRAVINCHANDRA SHAH
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
2013-2014 |
||
|
|
|
||
|
PROFITS AND
GAINS FROM BUSINESS AND PROFESSION |
|
|
1.510 |
|
|
|
|
|
|
Milan Pravinchandra Shah |
|
|
|
|
|
|
0.000 |
|
|
Profit before tax as per profit and loss account |
|
-------- 0.000 -------- |
|
|
|
|
|
|
|
Profit from Firm:
Vishal Enterprise |
|
|
|
|
Remuneration |
|
1.295 |
|
|
Interest |
|
0.236 |
|
|
Profit |
|
0.577 |
|
|
|
|
|
|
|
Less: Account Fees Expense |
|
(0.002) |
|
|
Less: Advocate Fees Expense |
|
(0.001) |
|
|
Less: Depreciation on Motor Vehicle Expense |
|
(0.003) |
|
|
Less: Professional Tax Expense |
|
(0.003) |
|
|
Less: Vehicle Expense |
|
(0.013) |
|
|
Less: Profit Exempt u/s 10(2A) |
|
(0.577) |
|
|
|
|
--------- 1.510 --------- |
|
|
Income from Other
Sources |
|
|
0.004 |
|
Bank Interest |
|
0.004 |
|
|
Total |
|
--------- 0.004 --------- |
|
|
|
|
|
|
|
Gross Total Income |
|
|
1.514 |
|
|
|
|
|
|
Less: Deductions
under Chapter-VIA |
|
|
|
|
80C Deduction |
|
0.100 |
|
|
80D Medical Insurance Premium |
|
0.015 |
|
|
80TTA Interest on Deposits in Savings Account |
|
0.004 --------- |
|
|
Total Deductions |
|
|
0.119 -------- |
|
Total Income |
|
|
1.395 |
|
Total Income Rounded off U/s 228 A |
|
|
1.395 |
|
|
|
|
|
|
COMPUTATION OF TAX ON TOTAL INCOME |
|||
|
|
|
|
|
|
Tax on Rs. 0.200 Million |
|
0.000 |
|
|
Tax on Rs. 0.300 Million (0.500-0.200) @ 10% |
|
0.030 |
|
|
Tax on Rs. 0.500 Million (1.000-0.500) @ 20% |
|
0.100 |
|
|
Tax on Rs. 0.395 Million (1.395-1.000) @ 30% |
|
0.118 -------- |
|
|
Tax on Rs. 1.395 Millions |
|
|
0.248 -------- |
|
|
|
|
0.248 |
|
Add: Education Cess @ 2% |
|
|
0.005 -------- |
|
|
|
|
0.253 |
|
Add: Secondary and Higher Education Cess @ 1% |
|
|
0.003 -------- |
|
|
|
|
0.256 |
|
Add: Interest
Payable |
|
|
|
|
Interest u/s 234A |
|
0.005 |
|
|
Interest u/s 234B |
|
0.016 |
|
|
Interest u/s 234C |
|
0.009 -------- |
|
|
|
|
|
0.030 |
|
|
|
|
------------- |
|
|
|
|
0.286 |
|
|
|
|
|
|
|
|
|
|
|
Less:
Self-Assessment Tax u/s 140A |
|
|
|
|
0200667 – 00010 – 05/04/2014 |
|
|
|
|
Bank of Baroda – 0200667 – 14 – 25/12/2014 |
|
0.100 |
|
|
|
|
0.186 |
0.286 |
|
|
|
|
------------- |
|
Refundable |
|
|
(0.000) |
|
|
|
|
|
|
Tax Rounded off u/s
288B |
|
|
(0.000) |
------------------------------------------------------------------------------------------------------------------------------
MR. SAMKIT MILAN SHAH
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
2013-2014 |
||
|
|
|
||
|
PROFITS AND
GAINS FROM BUSINESS AND PROFESSION |
|
|
0.964 |
|
|
|
|
|
|
Profit from
Firm: Vishal Enterprise |
|
|
|
|
Remuneration |
|
0.971 |
|
|
Interest |
|
0.185 |
|
|
Profit |
|
0.432 |
|
|
|
|
1.588 |
|
|
|
|
|
|
|
Less: Account Fees Expense |
|
0.001 |
|
|
Less: Advocate Fees Expense |
|
0.001 |
|
|
Less: Depreciation on Motor Vehicle Expense |
|
0.045 |
|
|
Less: Interest Expenses |
|
0.092 |
|
|
Less: Light Bill Expenses |
|
0.004 |
|
|
Less: Office Municipal Tax Expenses |
|
0.005 |
|
|
Less: Professional Tax Expense |
|
0.003 |
|
|
Less: Telephone Bill Expenses |
|
0.011 |
|
|
Less: Vehicle Expense |
|
0.024 |
|
|
Less: Vehicle Insurance Expenses |
|
0.006 |
|
|
Less: Profit Exempt u/s 10(2A) |
|
0.432 |
|
|
|
|
|
|
|
|
|
0.964 |
|
|
|
|
|
|
|
Capital Gains |
|
|
0.013 |
|
Short Term Capital Gain on Listed Securities [STT Paid] |
|
0.013 |
|
|
|
|
------------ |
|
|
Income from
Other Sources |
|
|
0.004 |
|
Bank Interest |
|
0.004 |
|
|
Total |
|
0.004 |
|
|
|
|
|
|
|
GROSS TOTAL INCOME |
|
|
0.981 |
|
|
|
|
|
|
Less: Deductions
under Chapter-VIA |
|
|
|
|
80C Deduction |
|
0.086 |
|
|
80D Medical Insurance Premium |
|
0.006 |
|
|
80TTA Interest on Deposits in Savings Account |
|
0.004 |
|
|
Total Deductions |
|
|
0.096 |
|
|
|
|
--------------- |
|
Total Income |
|
|
0.885 |
|
Total Income Rounded off U/s 228 A |
|
|
0.885 |
|
|
|
|
|
|
COMPUTATION OF TAX ON TOTAL INCOME |
|||
|
|
|
|
|
|
Tax on Rs. 0.200 Million |
0.000 |
|
|
|
Tax on Rs. 0.300 Million (0.500-0.200) @ 10% |
0.030 |
|
|
|
Tax on Rs. 0.373 Million (0.873-0.500) @ 20% |
0.075 |
|
|
|
Tax on Rs. 0.873 Million |
|
0.105 |
|
|
Tax on Short Term Listed Securities u/s 111A Rs. 0.013 Million @ 15% |
|
0.002 |
|
|
|
|
0.107 |
|
|
Add: Education Cess @ 2% |
|
0.002 |
|
|
|
|
0.109 |
|
|
Add: Secondary and Higher Education Cess @ 1% |
|
0.001 |
|
|
|
|
0.110 |
|
|
Less: Advance Tax |
|
|
|
|
0350191 – 00005 – 31.03.2014 |
0.100 |
0.100 |
|
|
|
|
0.010 |
|
|
|
|
|
|
|
Add: Interest
Payable |
|
|
|
|
Interest u/s 234A |
0.000 |
|
|
|
Interest u/s 234C |
0.004 |
0.004 |
|
|
|
|
0.014 |
|
|
|
|
|
|
|
Less:
Self-Assessment Tax u/s 140A |
|
|
|
|
Corporation Bank – 0350191 – 00001 – 27.12.2014 |
0.014 |
0.014 |
|
|
|
|
|
|
|
Refundable |
|
0.000 |
|
|
|
|
|
|
|
Tax Rounded off u/s
288B |
|
0.000 |
|
------------------------------------------------------------------------------------------------------------------------------
MR. HARDIK MILAN SHAH
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
2013-2014 |
||
|
|
|
||
|
PROFITS AND GAINS
FROM BUSINESS AND PROFESSION |
|
|
1.104 |
|
|
|
|
|
|
Profit from
Firm: Vishal Enterprise |
|
|
|
|
Remuneration |
|
0.971 |
|
|
Interest |
|
0.157 |
|
|
Profit |
|
0.433 |
|
|
|
|
1.561 |
|
|
|
|
|
|
|
Less: Account Fees Expense |
|
0.001 |
|
|
Less: Advocate Fees Expense |
|
0.001 |
|
|
Less: Bank Charges Expense |
|
0.000 |
|
|
Less: Interest Expenses |
|
0.013 |
|
|
Less: Light Bill Expenses |
|
0.004 |
|
|
Less: Professional Tax Expense |
|
0.002 |
|
|
Less: Telephone Bill Expenses |
|
0.004 |
|
|
Less: Profit Exempt u/s 10(2A) |
|
0.432 |
|
|
|
|
|
|
|
|
|
1.104 |
|
|
|
|
|
|
|
Income from
Other Sources |
|
|
0.007 |
|
Bank Interest |
|
0.007 |
|
|
Total |
|
0.007 |
|
|
|
|
|
-------------- |
|
GROSS TOTAL INCOME |
|
|
1.111 |
|
|
|
|
|
|
Less: Deductions
under Chapter-VIA |
|
|
|
|
80C Deduction |
|
0.082 |
|
|
80D Medical Insurance Premium |
|
0.003 |
|
|
80TTA Interest on Deposits in Savings Account |
|
0.008 |
|
|
Total Deductions |
|
|
0.093 |
|
|
|
|
-------------- |
|
Total Income |
|
|
1.018 |
|
Total Income Rounded off U/s 228 A |
|
|
1.018 |
|
|
|
|
|
|
COMPUTATION OF TAX ON TOTAL INCOME |
|||
|
|
|
|
|
|
Tax on Rs. 0.200 Million |
0.000 |
|
|
|
Tax on Rs. 0.300 Million (0.500-0.200) @ 10% |
0.030 |
|
|
|
Tax on Rs. 0.500 Million (1.000-0.500) @ 20% |
0.100 |
|
|
|
Tax on Rs. 0.019 Million (1.019-1.000) @ 30% |
0.006 |
|
|
|
Tax on Rs. 1.018 Millions |
|
0.136 |
|
|
|
|
0.136 |
|
|
Add: Education Cess @ 2% |
|
0.003 |
|
|
|
|
0.139 |
|
|
Add: Secondary and Higher Education Cess @ 1% |
|
0.001 |
|
|
|
|
0.140 |
|
|
Less: Advance Tax |
|
|
|
|
0350191 – 00005 – 31.03.2014 |
0.100 |
0.100 |
|
|
|
|
0.040 |
|
|
|
|
|
|
|
Add: Interest
Payable |
|
|
|
|
Interest u/s 234A |
0.002 |
|
|
|
Interest u/s 234B |
0.003 |
|
|
|
Interest u/s 234C |
0.005 |
0.010 |
|
|
|
|
-------------- |
|
|
|
|
0.050 |
|
|
Less:
Self-Assessment Tax u/s 140A |
|
|
|
|
Corporation Bank – 0350191 – 00001 – 29.12.2014 |
0.050 |
0.050 |
|
|
|
|
|
|
|
Refundable |
|
0.000 |
|
|
|
|
|
|
|
Tax Rounded off u/s
288B |
|
0.000 |
|
------------------------------------------------------------------------------------------------------------------------------
MR. PARTH KETAN SHAH
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
2013-2014 |
||
|
|
|
||
|
PROFITS AND GAINS
FROM BUSINESS AND PROFESSION |
|
|
0.910 |
|
|
|
|
|
|
Profit from
Firm: Vishal Enterprise |
|
|
|
|
Remuneration |
|
0.971 |
|
|
Profit |
|
0.432 |
|
|
|
|
1.403 |
|
|
|
|
|
|
|
Less: Bank Charges |
|
0.000 |
|
|
Less: Depreciation |
|
0.010 |
|
|
Less: Interest Expenses |
|
0.015 |
|
|
Less: Miscellaneous Expenses |
|
0.012 |
|
|
Less: Professional Tax |
|
0.003 |
|
|
Less: Vehicle Expense |
|
0.019 |
|
|
Less: Vehicle Insurance |
|
0.002 |
|
|
Less: Profit Exempt u/s 10(2A) |
|
0.432 |
|
|
|
|
|
|
|
|
|
0.910 |
|
|
|
|
|
-------------- |
|
GROSS TOTAL INCOME |
|
|
0.910 |
|
|
|
|
|
|
Less: Deductions
under Chapter-VIA |
|
|
|
|
80C Deduction |
|
0.098 |
|
|
Total Deductions |
|
|
0.098 |
|
|
|
|
-------------- |
|
Total Income |
|
|
0.812 |
|
Total Income Rounded off U/s 228 A |
|
|
0.812 |
|
|
|
|
|
|
COMPUTATION OF TAX ON TOTAL INCOME |
|||
|
|
|
|
|
|
Tax on Rs. 0.200 Million |
0.000 |
|
|
|
Tax on Rs. 0.300 Million (0.500-0.200) @ 10% |
0.030 |
|
|
|
Tax on Rs. 0.312 Million (0.812-0.500) @ 20% |
0.062 |
|
|
|
Tax on Rs. 0.812 Million |
|
0.092 |
|
|
|
|
0.092 |
|
|
Add: Education Cess @ 2% |
|
0.002 |
|
|
|
|
0.094 |
|
|
Add: Secondary and Higher Education Cess @ 1% |
|
0.001 |
|
|
|
|
0.095 |
|
|
Less: Advance Tax |
|
|
|
|
0210522 – 00004 – 31.03.2014 |
0.100 |
0.100 |
|
|
|
|
(0.005) |
|
|
|
|
|
|
|
Add: Interest
Payable |
|
|
|
|
Interest u/s 234C |
0.004 |
0.004 |
|
|
|
|
|
|
|
Refundable |
|
(0.001) |
|
|
|
|
|
|
|
Tax Rounded off u/s
288B |
|
(0.001) |
|
------------------------------------------------------------------------------------------------------------------------------
MR. KETAN KIRTILAL SHAH
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
2013-2014 |
||
|
|
|
||
|
PROFITS AND
GAINS FROM BUSINESS AND PROFESSION |
|
|
0.626 |
|
|
|
|
|
|
Profit from
Firm: Vishal Enterprise |
|
|
|
|
Remuneration |
|
0.648 |
|
|
Interest |
|
0.099 |
|
|
Profit |
|
0.288 |
|
|
|
|
1.035 |
|
|
|
|
|
|
|
Less: Bank Charges |
|
0.000 |
|
|
Less: Depreciation |
|
0.109 |
|
|
Less: Interest Expenses |
|
0.017 |
|
|
Less: Telephone Expense |
|
0.021 |
|
|
Less: Vehicle Insurance |
|
0.073 |
|
|
Less: Profit Exempt u/s 10(2A) |
|
0.288 |
|
|
|
|
|
|
|
|
|
0.527 |
|
|
|
|
|
|
|
Profit from
Firm: Laxmi Laser |
|
|
|
|
Remuneration |
|
0.060 |
|
|
Interest |
|
0.039 |
|
|
Profit |
|
0.006 |
|
|
|
|
0.105 |
|
|
Less: Profit
Exempt u/s 10(2A) |
|
0.006 |
|
|
|
|
0.099 |
|
|
|
|
|
|
|
Capital Gains |
|
|
0.123 |
|
Short term Capital Gain on Listed Securities [STT Paid] |
|
0.123 |
|
|
|
|
|
|
|
Income from
Other Sources |
|
|
0.071 |
|
Bank Interest |
|
0.008 |
|
|
Brokerage Income |
0.066 |
|
|
|
Less: Expenses |
0.003 |
0.063 |
|
|
|
|
------------- |
|
|
|
|
0.071 |
|
|
|
|
|
------------- |
|
GROSS TOTAL INCOME |
|
|
0.820 |
|
|
|
|
|
|
Less: Deductions
under Chapter-VIA |
|
|
|
|
80C Deduction |
|
0.091 |
|
|
80D Medical Insurance Premium |
|
0.011 |
|
|
80TTA Interest on Deposits in Savings Account |
|
0.008 |
|
|
Total Deductions |
|
|
0.110 |
|
|
|
|
------------- |
|
Total Income |
|
|
0.710 |
|
Total Income Rounded off U/s 228 A |
|
|
0.710 |
|
|
|
|
|
|
COMPUTATION OF TAX ON TOTAL INCOME |
|||
|
|
|
|
|
|
Tax on Rs. 0.200 Million |
0.000 |
|
|
|
Tax on Rs. 0.300 Million (0.500-0.200) @ 10% |
0.030 |
|
|
|
Tax on Rs. 0.088 Million (0.588-0.500) @ 20% |
0.018 |
|
|
|
Tax on Rs. 0.588 Million |
|
0.048 |
|
|
Tax on Short Term Listed Securities u/s 111A Rs. 0.123 Million @ 15% |
|
0.018 |
|
|
|
|
0.066 |
|
|
Add: Education Cess @ 2% |
|
0.001 |
|
|
|
|
0.067 |
|
|
Add: Secondary and Higher Education Cess @ 1% |
|
0.001 |
|
|
|
|
0.068 |
|
|
Less: Advance Tax |
|
|
|
|
0210522 – 00002 – 31.03.2014 |
0.100 |
0.100 |
|
|
|
|
(0.032) |
|
|
|
|
|
|
|
Add: Interest
Payable |
|
|
|
|
Interest u/s 234C |
0.002 |
0.002 |
|
|
|
|
|
|
|
Refundable |
|
(0.030) |
|
|
|
|
|
|
|
Tax Rounded off u/s
288B |
|
(0.030) |
|
------------------------------------------------------------------------------------------------------------------------------
MR. KIRTILAL
POPATLAL SHAH
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED
31ST MARCH, 2014
(RS. IN MILLIONS)
|
EXPENDITURE |
AMOUNT |
INCOME |
AMOUNT |
|
|
|
|
|
|
Accountant Fee. |
0.010 |
Dividend – Shares |
0.055 |
|
|
|
|
|
|
Demat Charges |
0.001 |
Interest – Saving Bank |
0.003 |
|
|
|
|
|
|
Depreciation Exp. A/c |
0.005 |
Interest – PPF |
0.014 |
|
|
|
|
|
|
Light Bill Exp. |
0.008 |
Interest – Firm (V.E.) |
0.251 |
|
|
|
|
|
|
Miscellaneous Expenses |
0.016 |
Remunative Income |
0.971 |
|
|
|
|
|
|
Office Expenses |
0.013 |
Share Sale Profit-S.T. |
0.014 |
|
|
|
|
|
|
Professional Tax |
0.003 |
Share Sale Profit –L.T. |
0.010 |
|
|
|
|
|
|
Salaries |
0.076 |
Share Sale Profit-F&O |
0.039 |
|
|
|
|
|
|
Share Pur-Sale Exp. |
0.004 |
|
|
|
|
|
|
|
|
Surat Muni. Tax. |
0.003 |
|
|
|
|
|
|
|
|
Telephone Bill Exp. |
0.006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit |
1.212 -------- |
|
|
|
|
|
|
|
|
Total |
1.357 |
Total |
1.357 |
------------------------------------------------------------------------------------------------------------------------------
MR. KIRTILAL
POPATLAL SHAH
BALANCE SHEET AS AT 31ST MARCH,
2014
(RS. IN MILLIONS)
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNT |
|
|
|
|
|
|
Kirtilal Popatlal Shah |
7.177 |
A.C. Purchase |
0.021 |
|
|
|
|
|
|
Kirtilal Popatlal Shah – H.U.F. |
0.050 |
Furniture – Nautam |
0.010 |
|
|
|
|
|
|
Prabodh M. Parekh |
0.010 |
Furniture – Navpad |
0.093 |
|
|
|
|
|
|
Share F & O |
0.090 |
Nautam Apartment – Flat |
0.082 |
|
|
|
|
|
|
|
|
Navpad Apartment – Flat |
1.087 |
|
|
|
|
|
|
|
|
Office Furniture Inves. |
0.022 |
|
|
|
|
|
|
|
|
Office Investment |
0.231 |
|
|
|
|
|
|
|
|
P.P.F. |
0.099 |
|
|
|
|
|
|
|
|
SBI Bond – 2011 |
0.100 |
|
|
|
|
|
|
|
|
Share Debenture Invest. |
1.919 |
|
|
|
|
|
|
|
|
Suryapur Co-operative Bank – FD |
0.003 |
|
|
|
|
|
|
|
|
Ajmera Associates Limited |
0.027 |
|
|
|
Vishal Enterprise |
3.561 |
|
|
|
|
|
|
|
|
Cash |
0.028 |
|
|
|
|
|
|
|
|
Allahabad Bank |
0.024 |
|
|
|
|
|
|
|
|
Oriental Bank of Commerce |
0.013 |
|
|
|
|
|
|
|
|
Surat Peoples Bank |
0.006 |
|
|
|
|
|
|
|
|
Surat Peoples Bank-Sh |
0.001 |
|
|
|
|
|
|
Total |
7.327 |
Total |
7.327 |
------------------------------------------------------------------------------------------------------------------------------
MR. VISHAL KIRTILAL SHAH
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED
31ST MARCH, 2014
(RS. IN MILLIONS)
|
EXPENDITURE |
AMOUNT |
INCOME |
AMOUNT |
|
|
|
|
|
|
Bank Charges |
0.000 |
Brokerage Income |
0.049 |
|
|
|
|
|
|
Demate Charges |
0.000 |
Dividend – Shares |
0.133 |
|
|
|
|
|
|
Depreciation Expenses |
0.047 |
Interest – Bank |
0.004 |
|
|
|
|
|
|
Ligh Bill Expenses |
0.005 |
Interest – FD |
0.020 |
|
|
|
|
|
|
Professional Tax |
0.003 |
Interest - PPF |
0.008 |
|
|
|
|
|
|
Share Pur. and Sale Expense |
0.002 |
Interest – Laxmi Laser |
0.033 |
|
|
|
|
|
|
Share Sale Profit – L.T. |
0.025 |
Interest – Vishal Enterprises |
0.151 |
|
|
|
|
|
|
Telephone Bill Expense |
0.003 |
Remuneration – Vishal Enterprises |
0.647 |
|
|
|
|
|
|
Vehicle Expense |
0.048 |
Remuneration – Laxmi Laser |
0.060 |
|
|
|
|
|
|
Vehicle Insurance Expense |
0.008 |
Res. Plot Sale Profit |
0.040 |
|
|
|
|
|
|
|
|
Share Sale Profit – S.T. |
0.020 |
|
|
|
|
|
|
|
|
|
|
|
Net Profit |
1.024 |
|
|
|
|
|
|
|
|
Total |
1.165 |
Total |
1.165 |
------------------------------------------------------------------------------------------------------------------------------
MR. VISHAL KIRTILAL SHAH
BALANCE SHEET AS AT 31ST MARCH,
2014
(RS. IN MILLIONS)
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNT |
|
Vishal Kirtilal Shah |
7.763 |
Furniture A/c – Navpad |
0.048 |
|
|
|
|
|
|
|
|
Minarva Mansion |
0.728 |
|
|
|
|
|
|
|
|
Resi. Plot – Nr. Sailance |
0.050 |
|
|
|
|
|
|
|
|
Bharat HSG. Soci. |
0.032 |
|
|
|
|
|
|
|
|
HDFC Equity Fund |
0.062 |
|
|
|
|
|
|
|
|
P.P.F. |
0.051 |
|
|
|
|
|
|
|
|
Samarth Park Co-op. So. |
0.084 |
|
|
|
|
|
|
|
|
SBI Bond – 2011 |
0.200 |
|
|
|
|
|
|
|
|
Share Deben. Investment |
3.297 |
|
|
|
|
|
|
|
|
Suryapur Co-op. Bank – FD |
0.003 |
|
|
|
|
|
|
|
|
Vehicle Purchase A/c |
0.268 |
|
|
|
|
|
|
|
|
Ajmera Asso. Limited |
0.047 |
|
|
|
|
|
|
|
|
Laxmi Laser |
0.439 |
|
|
|
|
|
|
|
|
Vishal Enterprise |
2.378 |
|
|
|
|
|
|
|
|
Cash |
0.020 |
|
|
|
|
|
|
|
|
Allahabad Bank |
0.043 |
|
|
|
|
|
|
|
|
Oriental Bank of Commerce |
0.009 |
|
|
|
|
|
|
|
|
Surat Peoples Bank |
0.004 |
|
|
|
|
|
|
|
|
|
|
|
Total |
7.763 |
Total |
7.763 |
------------------------------------------------------------------------------------------------------------------------------
MR. MILAN PRAVINCHANDRA SHAH
BALANCE SHEET AS AT 31ST MARCH,
2014
(RS. IN MILLIONS)
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNT |
|
|
|
|
|
|
Capital |
|
Sundry Creditors |
|
|
Mr. Milanbhai P. Shah |
4.478 |
Ajmera Associates Limited |
0.006 |
|
|
|
|
|
|
Unsecured Loans |
|
Assets |
0.312 |
|
Mr. Milanbhai P. Shah HUF |
0.475 |
|
|
|
Laxmi Traders |
0.060 |
Investments |
3.871 |
|
|
|
|
|
|
Share Investment |
|
Share Investments |
0.235 |
|
Nifty |
0.007 |
|
|
|
|
|
Loans and Deposits |
0.445 |
|
|
|
|
|
|
|
|
Banks |
0.022 |
|
|
|
|
|
|
|
|
Cash |
0.129 |
|
|
|
|
|
|
|
|
|
|
|
Total |
5.020 |
Total |
5.020 |
------------------------------------------------------------------------------------------------------------------------------
MR. MILAN PRAVINCHANDRA SHAH
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED
31ST MARCH, 2014
(RS. IN MILLIONS)
|
EXPENDITURE |
AMOUNT |
INCOME |
AMOUNT |
|
|
|
|
|
|
Vehicle Expenses |
0.013 |
Bank Interest |
0.004 |
|
|
|
|
|
|
Account Expenses |
0.001 |
Interest of Vishal Enterprises |
0.236 |
|
|
|
|
|
|
Advocate Fees |
0.001 |
Remuneration from Vishal Enterprises |
1.295 |
|
|
|
|
|
|
Depreciation |
0.003 |
|
|
|
|
|
|
|
|
Professional Tax |
0.003 |
|
|
|
|
|
|
|
|
Demate and other charges |
0.001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit |
1.513 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
1.535 |
Total |
1.535 |
------------------------------------------------------------------------------------------------------------------------------
MR. SAMKIT MILAN SHAH
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED
31ST MARCH, 2014
(RS. IN MILLIONS)
|
EXPENDITURE |
AMOUNT |
INCOME |
AMOUNT |
|
|
|
|
|
|
Light Bill |
0.004 |
Bank Interest |
0.004 |
|
|
|
|
|
|
Office Municipal Tax |
0.005 |
Interest from Vishal Enterprises |
0.185 |
|
|
|
|
|
|
Telephone Bill |
0.011 |
Remuneration from Vishal Enterprises |
0.971 |
|
|
|
|
|
|
Vehicle Expenses |
0.024 |
|
|
|
|
|
|
|
|
Vehicle Insurance |
0.006 |
|
|
|
|
|
|
|
|
Interest Expenses |
0.092 |
|
|
|
|
|
|
|
|
Account Fees |
0.001 |
|
|
|
|
|
|
|
|
Advocate Fees |
0.001 |
|
|
|
|
|
|
|
|
Depreciation |
0.045 |
|
|
|
|
|
|
|
|
Professional Tax |
0.002 |
|
|
|
|
|
|
|
|
Net Profit |
0.969 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
1.160 |
Total |
1.160 |
------------------------------------------------------------------------------------------------------------------------------
MR. SAMKIT MILAN SHAH
BALANCE SHEET AS AT 31ST MARCH,
2014
(RS. IN MILLIONS)
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNT |
|
|
|
|
|
|
Capital |
|
Sundry Creditors |
|
|
Mr. Samkit Milanbhai Shah |
3.381 |
Ajmera Associates Limited |
0.037 |
|
|
|
|
|
|
Unsecured Loans |
|
Assets |
0.594 |
|
Laxmi Traders |
0.275 |
|
|
|
Milanbhai Shah |
0.300 |
Investments |
2.805 |
|
Milanbhai Shah HUF |
0.090 |
|
|
|
|
|
Share Investment |
0.061 |
|
|
|
|
|
|
|
|
Loans and Deposit |
0.374 |
|
|
|
|
|
|
|
|
Banks |
0.106 |
|
|
|
|
|
|
|
|
Cash |
0.069 |
|
|
|
|
|
|
|
|
|
|
|
Total |
4.046 |
Total |
4.046 |
------------------------------------------------------------------------------------------------------------------------------
MR. HARDIK MILAN SHAH
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED
31ST MARCH, 2014
(RS. IN MILLIONS)
|
EXPENDITURE |
AMOUNT |
INCOME |
AMOUNT |
|
|
|
|
|
|
Light Bill Expenses |
0.004 |
Bank Interest |
0.007 |
|
|
|
|
|
|
Telephone Bill Expenses |
0.004 |
Interest of Vishal Enterprises |
0.158 |
|
|
|
|
|
|
Bank Charges |
0.000 |
Remuneration from Vishal Enterprises |
0.971 |
|
|
|
|
|
|
Interest Expenses |
0.013 |
|
|
|
|
|
|
|
|
Account Fees |
0.001 |
|
|
|
|
|
|
|
|
Advocate Fees |
0.001 |
|
|
|
|
|
|
|
|
Professional Tax |
0.002 |
|
|
|
|
|
|
|
|
Net Profit |
1.111 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
1.136 |
Total |
1.136 |
------------------------------------------------------------------------------------------------------------------------------
MR. HARDIK MILAN SHAH
BALANCE SHEET AS AT 31ST MARCH,
2014
(RS. IN MILLIONS)
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNT |
|
|
|
|
|
|
Capital |
|
Assets |
0.922 |
|
Mr. Hardik Milanbhai Shah |
2.988 |
|
|
|
|
|
Investments |
2.562 |
|
Unsecured Loans |
|
|
|
|
Samkit Shah |
0.372 |
Share Investment |
0.075 |
|
Laxmi Traders |
0.247 |
|
|
|
Milanbhai Shah |
0.130 |
Sundry Debtors |
0.140 |
|
Milanbhai Shah HUF |
0.200 |
|
|
|
|
|
Banks |
0.153 |
|
|
|
|
|
|
|
|
Cash |
0.085 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
3.937 |
Total |
3.937 |
------------------------------------------------------------------------------------------------------------------------------
MR. PARTH KETAN SHAH
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED
31ST MARCH, 2014
(RS. IN MILLIONS)
|
EXPENDITURE |
AMOUNT |
INCOME |
AMOUNT |
|
|
|
|
|
|
Bank Charges |
0.000 |
Dividend – Shares |
0.000 |
|
|
|
|
|
|
Depreciation |
0.010 |
Interest – Bank |
0.001 |
|
|
|
|
|
|
Interest – V.E. Firm |
0.015 |
Remuneration |
0.971 |
|
|
|
|
|
|
Miscellaneous Expenses |
0.012 |
|
|
|
|
|
|
|
|
Professional Tax |
0.003 |
|
|
|
|
|
|
|
|
Vehicle Expenses |
0.019 |
|
|
|
|
|
|
|
|
Vehicle Insurance |
0.002 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit |
0.911 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
0.972 |
Total |
0.972 |
------------------------------------------------------------------------------------------------------------------------------
MR. PARTH KETAN SHAH
BALANCE SHEET AS AT 31ST MARCH,
2014
(RS. IN MILLIONS)
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNT |
|
|
|
|
|
|
Parth Ketan Shah |
1.458 |
PPF |
0.130 |
|
|
|
|
|
|
Ketan K. Shah (HUF) |
0.050 |
Residential Plot |
0.125 |
|
|
|
Vishal Enterprises |
1.093 |
|
|
|
|
|
|
|
|
Cash |
0.023 |
|
|
|
Allahabad Bank – Surat |
0.002 |
|
|
|
Corporation Bank |
0.006 |
|
|
|
|
|
|
|
|
Vehicle Purchase |
0.129 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
1.508 |
Total |
1.508 |
------------------------------------------------------------------------------------------------------------------------------
MR. KETAN KIRTILAL SHAH
PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED
31ST MARCH, 2014
(RS. IN MILLIONS)
|
EXPENDITURE |
AMOUNT |
INCOME |
AMOUNT |
|
|
|
|
|
|
Bank Charges |
0.000 |
Brokerage Income |
0.066 |
|
|
|
|
|
|
Demate Charges |
0.001 |
Dividend – Shares |
0.090 |
|
|
|
|
|
|
Depreciation |
0.109 |
Interest – Bank |
0.008 |
|
|
|
|
|
|
Interest – Car Loan |
0.017 |
Interest – PPF |
0.008 |
|
|
|
|
|
|
Interest Expenses |
0.000 |
Interest – Firm Vishal |
0.099 |
|
|
|
|
|
|
Professional Tax |
0.002 |
Interest – Firm Laxmi |
0.039 |
|
|
|
|
|
|
Share Purchase and Sale Expense |
0.006 |
Remuneration – Laxmi |
0.060 |
|
|
|
|
|
|
Telephone Bill Expenses |
0.021 |
Remuneration V.E. |
0.647 |
|
|
|
|
|
|
Vehicle Expense |
0.061 |
Remuneration Profit S.T. |
0.123 |
|
|
|
|
|
|
Vehicle Insurance Expense |
0.012 |
Remuneration Profit L.T. |
0.119 |
|
|
|
|
|
|
|
|
|
|
|
Net Profit |
1.030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
1.259 |
Total |
1.259 |
------------------------------------------------------------------------------------------------------------------------------
MR. KETAN KIRTILAL SHAH
BALANCE SHEET AS AT 31ST MARCH,
2014
(RS. IN MILLIONS)
|
LIABILITIES |
AMOUNT |
ASSETS |
AMOUNT |
|
|
|
|
|
|
Ketan Kirtilal Shah |
6.888 |
Minarva Mansion |
0.813 |
|
|
|
Resi.Plot Sultanabad |
0.090 |
|
|
|
N.S.C. |
0.010 |
|
|
|
P.P.F |
0.077 |
|
|
|
Reliance Power Sector |
0.025 |
|
|
|
SBI Bond 2011 |
0.100 |
|
|
|
Share Deb. Investment |
2.849 |
|
|
|
Share Investment Mumbai |
0.066 |
|
|
|
Suryapur Cooperative Bank Limited |
0.003 |
|
|
|
Tata Indo-Global Infra |
0.040 |
|
|
|
Vehicle Investment |
0.618 |
|
|
|
Ajmera Associates Limited |
0.001 |
|
|
|
Laxmi Laser |
0.519 |
|
|
|
Vishal Enterprise |
1.450 |
|
|
|
Cash |
0.100 |
|
|
|
Allahabad Bank – SB |
0.027 |
|
|
|
Oriental Bank of Commerce |
0.052 |
|
|
|
Surat People Bank |
0.006 |
|
|
|
Bharat Housing Society |
0.032 |
|
|
|
Safe / Loker Investment |
0.010 |
|
|
|
|
|
|
|
|
|
|
|
Total |
6.888 |
Total |
6.888 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 ESTIMATES |
31.03.2016 PROJECTION |
|
|
|
|
|
|
1 |
Gross Sales |
|
|
|
|
- Export Sales |
120.000 |
150.000 |
|
|
|
|
|
|
|
- Local Sales |
180.000 |
190.000 |
|
|
|
|
|
|
|
TOTAL SALES |
300.000 |
340.000 |
|
|
|
|
|
|
2 |
Other Income |
|
|
|
|
- Exchange Profit, if any |
0.000 |
0.000 |
|
|
|
|
|
|
|
- Commission and Brokerage |
0.000 |
0.000 |
|
|
|
|
|
|
|
- Labour chg. Int on FDR Misc. Income |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL INCOME |
300.000 |
340.000 |
|
|
|
|
|
|
3 |
Purchases |
|
|
|
|
Rough Diamonds |
110.000 |
125.000 |
|
|
Polished Diamonds |
142.600 |
155.000 |
|
|
|
|
|
|
|
TOTAL PURCHASES |
252.600 |
280.000 |
|
|
|
|
|
|
4 |
Labour Charges and Manufacturing Expenses |
16.000 |
17.200 |
|
|
|
|
|
|
5 |
Depreciation |
0.100 |
0.100 |
|
|
|
|
|
|
6 |
Stock adjustments |
|
|
|
|
(a) Add: Opening Stock of |
|
|
|
|
Stock-in-process |
30.100 |
35.000 |
|
|
Finished Goods |
8.500 |
15.000 |
|
|
|
|
|
|
|
Sub-total |
307.300 |
347.300 |
|
|
|
|
|
|
|
Less: Closing Stock of |
|
|
|
|
Stock-in-process |
35.000 |
37.500 |
|
|
Finished Goods |
15.000 |
17.500 |
|
|
|
|
|
|
|
Sub-total [Total
Cost of Sales] |
257.300 |
292.300 |
|
|
|
|
|
|
7 |
Selling, general and admin expenses |
8.000 |
8.500 |
|
|
|
|
|
|
8 |
Interest |
2.000 |
3.000 |
|
|
|
|
|
|
9 |
Grading, Rapaport Charges |
20.000 |
21.000 |
|
|
|
|
|
|
10 |
Interest and Salary to Partners |
6.000 |
7.500 |
|
|
|
|
|
|
|
Total Expenses |
293.300 |
332.300 |
|
|
|
|
|
|
11 |
Profit before Tax |
6.700 |
7.700 |
|
|
|
|
|
|
12 |
Income Tax |
2.000 |
2.200 |
|
|
|
|
|
|
13 |
Net Profit |
4.700 |
5.500 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 ESTIMATES |
31.03.2016 PROJECTION |
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
1 |
Short
term borrowings from bank (incl. Bills purchased, discounted by Bankers) |
|
|
|
|
(i) From applicant bank |
35.000 |
35.000 |
|
|
(ii)
From other banks |
0.000 |
0.000 |
|
|
(iii)
of which BP & BD |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub Total (A) |
35.000 |
35.000 |
|
|
|
|
|
|
2 |
Trade Creditors |
40.000 |
45.000 |
|
|
|
|
|
|
3 |
Accrued Expenses: |
|
|
|
|
Labour Charges |
0.000 |
0.000 |
|
|
|
|
|
|
|
Other Expenses |
1.500 |
2.000 |
|
|
|
|
|
|
4 |
Advance payments received from customers etc. |
0.000 |
0.000 |
|
|
|
|
|
|
5 |
Unsecured loans and deposits other than quasi-equity |
0.000 |
0.000 |
|
|
|
|
|
|
6 |
Statutory liabilities, if any |
0.000 |
0.000 |
|
|
|
|
|
|
7 |
Installment of Term Loan |
0.000 |
0.000 |
|
|
|
|
|
|
8 |
Provision for Taxation, if any |
1.500 |
3.000 |
|
|
|
|
|
|
|
Sub-total [B] |
43.000 |
50.000 |
|
|
|
|
|
|
|
TOTAL CURRENT
LIABILITIES |
78.000 |
85.000 |
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
9 |
Unsecured loans and deposits which are in the nature of quasi-equity |
0.000 |
0.000 |
|
|
|
|
|
|
10 |
Other term liabilities, if any |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub-total [C] |
0.000 |
0.000 |
|
|
|
|
|
|
|
NET WORTH |
|
|
|
11 |
Capital funds [Net of partners liabilities, if any, to be specified] |
26.500 |
31.500 |
|
|
|
|
|
|
|
a. Export Reserves |
0.000 |
0.000 |
|
|
|
|
|
|
|
b. Revaluation Reserve |
0.000 |
0.000 |
|
|
|
|
|
|
|
NETWORTH |
26.500 |
31.500 |
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
104.500 |
116.500 |
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
12 |
Cash & Bank balances |
0.700 |
1.600 |
|
|
|
|
|
|
13 |
Loans and Deposits |
0.000 |
0.000 |
|
|
|
|
|
|
14 |
Fixed Deposits |
0.000 |
0.000 |
|
|
|
|
|
|
15 |
Trade receivables [including bills purchased/ discounted by the Bankers] |
|
|
|
|
- Export Receivables |
35.000 |
37.500 |
|
|
|
|
|
|
|
- Local Receivables |
12.500 |
15.000 |
|
|
|
|
|
|
16 |
Inventory |
|
|
|
|
- Raw Materials |
35.000 |
37.500 |
|
|
|
|
|
|
|
- Stock in process |
0.000 |
0.000 |
|
|
|
|
|
|
|
- Finished Goods |
15.000 |
17.500 |
|
|
|
|
|
|
17 |
Advance payment of taxes |
2.000 |
2.200 |
|
|
|
|
|
|
18 |
Other Current Assets |
1.000 |
1.000 |
|
|
|
|
|
|
|
TOTAL CURRENT
ASSETS |
101.200 |
112.300 |
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
19 |
Gross Block |
0.900 |
0.800 |
|
|
|
|
|
|
20 |
Depreciation to date |
0.100 |
0.100 |
|
|
|
|
|
|
21 |
NET BLOCK |
0.800 |
0.700 |
|
|
|
|
|
|
22 |
Other non-current assets [such as Due from associates investments/ dues which are not of nature of current assets] |
2.500 |
3.500 |
|
|
|
|
|
|
|
Other [Investments in subsidiaries] |
0.000 |
0.000 |
|
|
|
|
|
|
23 |
Intangible Assets [such as goodwill, doubtful debts etc.] |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL ASSETS |
104.500 |
116.500 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS
& CURRENT LIABILITIES
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 ESTIMATES |
31.03.2016 PROJECTION |
|
|
|
|
|
|
I |
CURRENT ASSETS: |
|
|
|
1 |
Raw Material |
|
|
|
|
Amount |
35.000 |
37.500 |
|
|
Days
consumption |
43 |
40 |
|
|
|
|
|
|
2 |
Stock
in process |
|
|
|
|
Amount |
0.000 |
0.000 |
|
|
Days
consumption |
-- |
-- |
|
|
|
|
|
|
3 |
Finished
Goods |
|
|
|
|
Amount |
15.000 |
17.500 |
|
|
Days
consumption |
18 |
19 |
|
|
|
|
|
|
4 |
Receivables
|
|
|
|
|
|
|
|
|
|
Export
Receivables |
|
|
|
|
Amount |
35.000 |
37.500 |
|
|
Days
Receivables |
106 |
91 |
|
|
|
|
|
|
|
Local
Receivables |
12.500 |
15.000 |
|
|
Days
Receivables |
25 |
29 |
|
|
|
|
|
|
|
Advances to suppliers of raw materials |
0.000 |
0.000 |
|
|
|
|
|
|
|
Other
Current assets including cash and bank balances |
3.700 |
4.800 |
|
|
|
|
|
|
|
TOTAL CURRENT
ASSETS |
101.200 |
112.300 |
|
|
|
|
|
|
II |
CURRENT LAIBILITES |
|
|
|
|
Other
than Bank Borrowings |
|
|
|
1 |
Creditors
for raw materials purchases |
40.000 |
45.000 |
|
|
Days payables |
58 |
59 |
|
|
|
|
|
|
2 |
Accrued
Expenses |
|
|
|
|
Labour
charges |
0.000 |
0.000 |
|
|
Other |
1.500 |
2.000 |
|
|
|
|
|
|
3 |
Advance payment received from customers |
0.000 |
0.000 |
|
|
|
|
|
|
4 |
Unsecured
Loans and deposits other than quasi-equity |
0.000 |
0.000 |
|
|
|
|
|
|
5 |
Other Current Liabilities |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
41.500 |
47.000 |
|
|
|
|
|
|
III |
Working
Capital Gap [I - II] |
59.700 |
65.300 |
|
|
|
|
|
|
IV |
Actual/
Projected Bank Borrowing for working capital including bills purchased and
discounted and excess borrowing placed on repayment basis [to agree with
sub-total (A) in Form III A] |
35.000 |
35.000 |
|
|
|
|
|
|
V |
Total
Current Liabilities [II plus IV with sub-total (B) in form IIIA] |
76.500 |
82.000 |
|
|
|
|
|
|
VI |
Net
Working Capital [I - V] |
24.700 |
30.300 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 ESTIMATES |
31.03.2016 PROJECTION |
|
|
|
|
|
|
|
2ND
METHOD OF LENDING |
|
|
|
1 |
Working Capital Gap [Item III of Part B] |
59.700 |
65.300 |
|
|
|
|
|
|
2 |
Minimum
stipulated net working capital [25% of total current assets i.e. Item I of Part
B] |
16.600 |
18.700 |
|
|
|
|
|
|
3 |
Actual
/ Projected Net Working Capital [Item VI of Part B] |
24.700 |
30.300 |
|
|
|
|
|
|
4 |
Item
1 minus item 2 |
43.200 |
46.600 |
|
|
|
|
|
|
5 |
Item
1 minus item 3 |
35.000 |
35.000 |
|
|
|
|
|
|
6 |
Maximum
permissible bank finance [Item 4 or item 5, whichever is lower] |
35.000 |
35.000 |
|
|
|
|
|
|
7 |
Excess Bank Borrowing |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
ANALYTICAL AND COMPARATIVE DATA
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 ESTIMATES |
31.03.2016 PROJECTION |
|
|
|
|
|
|
1 |
Net Sales |
300.000 |
340.000 |
|
|
|
|
|
|
2 |
%
rise [+] or fall [-] in net export as compared to the previous year |
6.88 |
13.33 |
|
|
|
|
|
|
3 |
Gross
Profit |
6.700 |
7.700 |
|
|
|
|
|
|
4 |
Net
Profit [i.e. after tax] |
4.700 |
5.500 |
|
|
|
|
|
|
5 |
Tangible
Networth |
|
|
|
|
-
Net Equity |
26.500 |
31.500 |
|
|
|
|
|
|
|
-
Quasi Equity |
0.000 |
0.000 |
|
|
|
|
|
|
6 |
Current
Ratio |
1.30 |
1.32 |
|
|
|
|
|
|
7 |
Total
Bank Borrowings : Net Equity |
1.32 |
1.11 |
|
|
|
|
|
|
|
Total
Bank Borrowings : Net Equity + Quasi Equity |
1.32 |
1.11 |
|
|
|
|
|
|
8 |
Total
Liabilities : Net Equity |
2.94 |
2.70 |
|
|
|
|
|
|
|
Total
Liabilities : Net Equity + Quasi Equity |
2.94 |
2.70 |
|
|
|
|
|
|
9 |
Debtors
: Creditors Ratio |
0.88 |
0.83 |
|
|
|
|
|
|
10 |
Raw
material Consumption : Raw Material Stock |
3.14 |
3.33 |
|
|
|
|
|
|
11 |
Total
Export Sales + Local Sales : Finished Goods Stock |
20.00 |
19.43 |
|
|
|
|
|
|
12 |
Total
Raw Material Imports : Trade Creditors for Purchases |
7.69 |
6.84 |
|
|
|
|
|
|
13 |
Total
Export : Export Receivables |
3.43 |
4.00 |
------------------------------------------------------------------------------------------------------------------------------
DETAILS OF PROPERTIES OFFERED AS COLATERAL
SECURITY
(RS. IN MILLIONS)
|
SR. NO. |
OWNER |
ADDRESS |
AREA |
APPROX. MARKET VALUE |
|
|
|
|
|
|
|
1 |
Kirtilal Popatlal Shah |
301, Navpad Apartment, Diwali Baug, Athwa Gate, Surat – 395001, Gujarat, India |
2000 Sq. Ft. (Super Built up) |
Rs. 10.000 Millions |
|
|
|
|
|
|
|
2 |
Kirtilal Popatlal Shah |
201, Devkrupa Chambers, Pipla Sheri, Mahidharpura, Surat – 395003, Gujarat, India |
336 Sq. Ft. (Carpet) |
Rs. 4.500 Millions |
|
|
|
|
|
|
|
3 |
Milankumar Pravinchandra Shah |
101, Royal Apartment, Behind Kakadia Complex, Ghod Dod Road, Athwalines, Surat – 395007, Gujarat, India |
1585 Sq. Ft. (Super Built up) |
Rs. 10.000 Millions |
|
|
|
|
|
|
|
4 |
Samkit M. Shah Hardik M. Shah |
101, New DTC Building, Haripura, Hatfaliya, Mahidharpura, Surat – 395003, Gujarat, India |
292 Sq. Ft. (Carpet) |
Rs. 4.000 Millions |
|
|
|
|
|
|
|
5 |
Vishal Enterprises |
125, Shreeji Chambers, Opposite Prasad Chambers, Tata Road No. 1 and 2, Mumbai – 400004, Maharashtra, India |
130 Sq. Ft. |
Rs. 5.500 Millions |
------------------------------------------------------------------------------------------------------------------------------
PROFILE
Subject is a registered Partnership firm involved in manufacturing and trading of diamonds. The firm at present operates from BDB (Bharat/ Diamond Bourse) BKC which is the diamond hub in the city. The firm majorly imports rough diamonds and converts the same to polished diamonds and sells it to the customers. The firm mainly deals in big (solitaire) size of diamonds. The firm does the exports mainly to Hongkong, Singapore and USA markets and also sells diamonds in local market from Mumbai and Surat.
PROMOTERS AND
MANAGEMENT ANALYSIS
The shares of profit/ (loss) of Partner of the firm are under:
|
Name of Partners |
Share of Profit/ (Loss) % |
|
Ketan Kirtilal Shah |
10 |
|
Vishal Kirtilal Shah |
10 |
|
Kirtilal Popatlal Shah |
10 |
|
Milanbhai Pravinchandra Shah |
16 |
|
Samkit Milanbhai Shah |
17 |
|
Hardik Milanbhai Shah |
17 |
|
Parth Ketan Shah |
10 |
|
Samarth Vishal Shah |
10 |
|
|
|
|
Total |
100 |
The partners of the firm are family members and have adequate experience in this line. Mr. Kirtilal Popatlal Shah is having total experience of 40 Years in diamond industry. Prior to starting this company in 1995, Milanbhai Pravinchandra Shah also have experience of more than 25 years in diamond market.
Earlier the family members of Kirtilal Popatlal Shah and Milanbhai Pravinchandra Shah were in to Export and Local Sales of Cut and Polished Diamonds for the owner diamond traders. The firm has recently started its manufacturing activities from Surat. The firm has developed nice cliental base over a period of time.
Mr. Kirtilal P. Shah and Milan P. Shah is the most senior partner of the firm. He is based out of Mumbai and is entrusted with functional responsibility of export transactions, customer handling and payments transactions.
Mr. Samkit Shah and Milan Shah is taking care of the material procurement from Belgium and Dubai
Mr. Ketan Shah and Hardik Shah is looking after the financial matters along with the development and dispatch of finished product according to the size, quality to the trade office at Mumbai to ensure timely export of finished goods.
Mr. Vishal K. Shah looks after assortment of rough diamonds purchased, and also looks after production by giving the best quality and ensuring minimum rejections.
Second generation is getting involved in day to day business activities. Parth Keth Shah and Samarth Vishal Shah is helping in sales for the firm and also helps in looking after account and general management of the firm at Mumbai and Surat Office.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Purpose of Valuation |
To ascertain the Fair Market Value as on
date of property for Mortgage Loan proposal with Vijaya Bank, Branch
Overseas, Nariman Point, Mumbai - 400021 |
|
|
|
|
Date of visit |
26.02.2015 |
|
|
|
|
Person/ accompanying/ available at the site
at the time of inspection/ valuation |
The Property was inspected in the presence
of Mr. Ketan K. Shah, the owner of the property. |
|
|
|
|
Party Interested in Valuation |
Valuation initiated by the Branch Manager,
Vijaya Bank, Branch Overseas, Nariman Point, Mumbai - 400021 |
|
|
|
|
Name of the reported owner |
The property is owned by Vishal
Enterprises |
|
|
|
|
Complete address of the property [Door No.,
Street/ Cross Road, Survey No. etc.] |
Unit No. 125, First Floor, “Shreeji
Chambers” Premises Cooperative Society Limited, Above Oriental Bank of
Commerce, Near Prasad Chambers, C.S. No. 8/1487, Tata Toad No. 1 and 2,
Shankar Seth Road, Opera House, Charni Road, Mumbai – 400004. |
|
|
|
|
Nearby Landmark |
Above Oriental Bank of Commerce, Near Prasad
Chambers |
|
|
|
|
Longitude and Latitude |
Longitude = 720 49’ 03.4” E and Latitude = 180 57’ 17.3” N |
|
|
|
|
Plot Boundaries [Actual] On or Towards North On or Towards South On or Towards West On or Towards East |
By Commercial / Residential building By Tata Road No. 2 By Shreeji Centre Building By Shreeji Darshan Building |
|
|
|
|
Ownership of the property |
|
|
Name and address of the owner |
The property is owned by Vishal Enterprises |
|
|
|
|
Since how long owning the property? |
Since 10.05.1995 |
|
|
|
|
Whether joint/ co-ownership/ others
[specify] |
Joint ownership |
|
|
|
|
In case of joint ownership please furnish
shares of each owner and also whether the shares are undivided? |
The share of each owner is not mentioned in the
documents then it is to be taken as ‘equal share for each owner’. |
|
|
|
|
Whether assessed to wealth tax if so wealth
tax paid |
Not known |
|
|
|
|
Corporation tax paid Amount Year of Assessment Date of payment |
Taxes are as per the standard norms of
Municipal Corporation of Greater Mumbai. |
|
|
|
|
Restrictive clauses to uses, if any whether
Building has certificate from the Corporation has been obtained etc. |
The building is sanctioned for commercial
use only. |
|
|
|
|
Locational advantages / disadvantages |
The area is well developed and having basic
infrastructure facilities and services like water supply, electricity and
telecommunication, sewage and storm water drainage system etc. |
|
|
|
|
Classification of locality – Higher class,
Middle Class, Poor Class |
The unit is situated in middle class
locality in commercial area. |
|
|
|
|
Civic Amenities |
Civic Amenities such as Schools, Colleges, Markets,
Banks, Shops and Hospitals etc. are available within 1 to 2 Kms distance from
the property. |
|
|
|
|
Proximity to surface communication |
The area is well connected with all parts of
Mumbai by good network of Roads and Railways. Transportation means such as
Buses and Taxis are available. It is situated at a walkable distance of 10
minutes from Charni Road Railway Station. |
|
|
|
|
Distance from the city/ Municipal limits |
The area falls within the limits of Municipal
Corporation of Greater Mumbai. |
|
|
|
|
If the property is not within the city/
town/ municipal limits, then state the distance of the property from the
Municipal Office Municipal Limits |
Property is within Municipal limits. |
|
|
|
|
Disadvantages, if any to be specified |
Nothing specific |
|
|
|
|
Title to the property |
|
|
Whether freehold |
It is ownership type of tenement on freehold
Land. |
|
|
|
|
If not freehold, what is the unexpired
period of the lease? |
Not Applicable |
|
|
|
|
If leasehold, name of the lesser/ lessee,
nature of lease, Date of commencement and terms of renewal of lease |
Not Applicable |
|
|
|
|
Rent per annum |
Not Applicable |
|
|
|
|
Unearned increase payable to the lesser in the
event of sale of transfer |
Not Applicable |
|
|
|
|
Type of property – Whether |
|
|
Agricultural |
No |
|
|
|
|
Industrial |
No |
|
|
|
|
Residential [Flat/ Apartment] [Any restrictive clauses for sale etc. to be
furnished] |
No |
|
|
|
|
Commercial |
Yes, Commercial Unit |
|
|
|
|
Institutional |
No |
|
|
|
|
Others [specify] |
-- |
|
|
|
|
Area of land to be supported by a map
showing shape dimension and physical features |
Valuation is for unit premises only. |
|
|
|
|
Has the whole or part of land being notified
for acquisition by Government or Statutory Body? If so |
No |
|
|
|
|
Area of building/ constructed portion [state
separately for factory, admin building, staff quarters, etc.] |
Documented Carpet Area of the unit = 130 Sq.
ft. Add 20% for Built up area [As per guidelines provided by Government of
Maharashtra in the Ready Reckoner for stamp duty purpose]. Hence, Built up Area of the Unit = Carpet Area x 1.20 = 130 Sq. ft. x 1.20 = 156 Sq. ft. [Measured Carpet Area as per the Provision of Development Control Regulations for Greater Mumbai, 1991 = 135 Sq. ft. and Mezzanine = 135 Sq. ft.] |
|
|
|
|
Type/ Class of Construction |
RCC framed structure |
|
|
|
|
Service items available [list of all items
to be provided-such as lifts, borewell, sump, embedded motors, D.G. set,
water supply, sanitary disposal systems, canteen, stores etc.] |
Municipal water supply and sewer, septic
tank system, lift, UG and OH water tank etc. |
|
|
|
|
What is the - |
|
|
Year of acquisition/ purchase of land |
Since 13.09.1996 |
|
|
|
|
Value / purchase price paid |
Rs. 0.300 Million [Agreement price in the
year 1995] |
|
|
|
|
Year of construction of super structure/ purchase
of building |
The building was constructed in the year
1992 or thereabout |
|
|
|
|
No. of floors / stories |
Ground + 2 upper floors |
|
|
|
|
Year of completion |
The building was completed in the year 1992
or thereabout. |
|
|
|
|
Cost of Construction / Purchase price |
Rs. 0.300 Million [Agreement price in the
year 1995] |
|
|
|
|
Additions / improvements carried out is any
– state briefly nature of additions/ improvements, total cost thereof |
See Technical Details |
|
|
|
|
Age of building |
The building is reportedly 23 years old.
[This is based on oral information. No documentary proof was given by the
owner to show the exact year of Construction]. |
|
|
|
|
Rate and amount of depreciation |
Adopted Depreciated Market Rate for
Valuation. |
|
|
|
|
Present written down value |
-- |
|
|
|
|
Valuer’s opinion regarding the present
condition/ state of building |
The building is well maintained and from internal
observation of the subject unit it appears to be in good condition. |
|
|
|
|
Estimated future life |
About 42 years under normal circumstances
with proper and regular maintenance and this opinion is based on macroscopic inspection
of the subject property. |
|
|
|
|
If the property is industrial State for what
type of activity/ industry the premises well suited |
Not Applicable |
|
|
|
|
Sanctioned / connected power load |
Not Applicable |
|
|
|
|
Type of activity presently going on at the
premises |
Not Applicable |
|
|
|
|
Whether the property is residential flat/
apartment – if so, then state |
No |
|
|
|
|
When the building was constructed |
The building was constructed in the year 1992
or thereabout |
|
|
|
|
Whether full consideration has been paid and
proper title documents obtained and produced for verification? |
Part payment of the agreement value is done
by the borrower and registered sale agreement is given for their perusal. |
|
|
|
|
In which floor/ storey, flat is located |
The unit is located on 1st floor. |
|
|
|
|
If the property is of a commercial
type-state |
|
|
For what purpose the same is well suited
[office purpose/ business etc.] |
Not Applicable |
|
|
|
|
The present activity/ business been
conducted |
Not Applicable |
|
|
|
|
If the property is agricultural, state |
|
|
Whether dry or wet lands |
Not Applicable |
|
|
|
|
Irrigation facilities available |
Not Applicable |
|
|
|
|
Type of crops grown and annual yield /
income in the previous years |
Not Applicable |
|
|
|
|
Whether the building/ property is
constructed strictly according to the sanctioned plan |
The sanctioned building plan was not made available
for their perusal. Hence, few assumptions are made. |
|
|
|
|
Details of variation, noticed, if any and
effect of the same on the valuation to be dealt with specifically |
-- |
|
|
|
|
Whether the property is self-occupied or tenanted/
let out, if tenanted/ let out |
Owner occupied |
|
|
|
|
Since how long |
Details not known |
|
To how many tenants |
|
|
What is the total monthly income |
|
|
If partly owner occupied, specify portion and
extent of area under owner occupation. |
|
|
|
|
|
|
|
|
Date of valuation |
The property is not valued by them. |
|
Name and address of the Valuer |
|
|
Whether in the approved panel of the bank |
|
|
Purpose of earlier valuation |
|
|
Basis of valuation |
|
|
Also submit/ enclose a copy of the earlier
valuation Report |
|
|
|
|
|
Basis of present valuation |
|
|
Present depreciated value |
-- |
|
|
|
|
Fair Market value as on date |
Built up Area of the Unit = 156 Sq. ft. Factors considered: The Location, Internal
condition of the Unit and amenities and facilities available, grade and age
of building, current demand and supply etc. [Prevailing Market Rates for Unit having
similar amenities and loading factor are in the Range of Rs. 33000/- to Rs.
37000/- per Sq. ft.] For the same premises rates on Carpet Area
basis are highest on Super Built up Area basis they are lowest and on Built
up Area basis they are in between. Note: About the
Per Sq. ft. Rate Adopted vis-à-vis the Saleable Area Regarding area, there are different
terminologies in vogue in the real estate market. e.g. Carpet Area Built up
Area [BUA] Super Built up Area [SBUA], Saleable Area etc. For the same
property the per Sq. ft. rate is different depending upon for what type of
area the rate is specified. The only measurable area is Carpet Area where as
the Built up Area [BUA] or Super Built up Area [SBUA] etc. are “Calculated
Area”. Using a factor called “Loading Factor” [percentage increase], the
Carpet Area is inflated to get the Built up Area or Super Built up Area or
Saleable Area for a particular premises. There is no regulatory body to
control such a loading factor, which differs from Builder to Builder and
project to project. Generally the loading factor is related to amenities
provided in a particular project. Under such circumstances, the Valuer’s job
becomes very challenging. The Market Rate obtained during local enquiry for
neighboring properties, may be on Carpet or Built up area or Super Built up
Area basis. The Loading factor differs from building to building. Thus the
rates obtained in Local enquiry are generally NOT applicable directly to the
subject property. In view of this, when they are giving
opinion to the bank regarding Value of the Security, for them the intrinsic
value of the property is relevant. Their emphasis is on “Value” of the
Security and not on “Built up Area” or “Super Built up Area” etc. hence the
per Sq. ft. Rate is judiciously adopted keeping in mind the characteristics
such as the amenities provided, the loading factor adopted etc. Market Rate Adopted = Rs. 35000/- per Sq.
ft. including Mezzanine Floor [Supporting documents in the form of sale advt.
obtained from reputed websites.] Hence, Fair Market Value of the property as
on date = Built up Area x Market Rate Adopted = 156 Sq. ft. x Rs. 35000/- = Rs. 5.460 Millions |
|
|
|
|
Rate adopted |
Rs. 35000/- per Sq. ft. Rate adopted |
|
|
|
|
Basis for the adopted rates |
Basis is by local enquiry, location,
internal condition of the Unit and amenities available etc. |
|
|
|
|
Govt. Guideline Value |
For stamp duty purpose the Govt. of
Maharashtra has fixed the rate for new Unit in this area is Rs. 447800/- per
Sq. Mt. |
|
|
|
|
Whether the adopted rates are commensurate
with the rates adopted by the Registrar’s Office? In case of wide variation.
Please specify reasons |
No, It may be noted that the Govt. guideline
value are for Stamp duty purpose, they are generally constant along a
particular road i.e. it doesn’t take into account the advantage/ disadvantage
of particular property vis-à-vis its location. Rates of plots vary from site
to site and within a site from micro-site to micro-site. That is why their
valuation differs from Govt. Stamp duty ready reckoner rate. |
|
|
|
|
Whether the adopted rates have any
relationship with those adopted by the I.T. Department |
No |
|
|
|
|
In case of increase in present valuation
over the previous valuation done by you, then furnish the specific reasons,
basis for the increase in value and the details of variation. |
Not Applicable |
|
|
|
|
Whether the building is insured - |
|
|
For what value |
Details regarding building insurance were
not made available for their verification. |
|
Against what risks |
|
|
Date of enquiry of insurance |
|
|
|
|
|
Fair Market Value as on date |
The market value obtained in this report is defined
as follows: Market value is the estimated amount for which an asset should
exchange on the date of valuation between a willing buyer and a willing
seller in an Arm’s length transaction after proper marketing wherein the
parties has each acted knowledgeably and without compulsion. [As defined by
the International Valuation Standards Committee, London.] thus, the
characteristics of the Market Values are – a) It is a free will sale b) It is an estimated amount and not a predetermined or an actual sale
price. c) It is time-specific as on the given date. d) It depends on purpose of valuation. e) Buyer and Seller are actuated by business principles. They are
unrelated and are acting independently. f)
Asset would be exposed
to the market in the most appropriate manner to effect its disposal at the
best price possible. = Rs. 5.460 Millions |
|
|
|
|
In case the bank were to sell the property
what would be the approximate realizable value [Forced/ Distress value of
property as on date] |
It means the amount, which may reasonably be
expected to be obtained from the sale of a property in which one or more
characteristics of the definition of market value are not satisfied. The
seller may be an unwilling seller and the buyer may be motivated by the
knowledge of the disadvantage the seller suffered from. Past Experience has
shown that generally in forced/ distress sale conditions the values fetched
are about 10% to 40% [or sometimes even more] below the market value. In
their opinion, considering the characteristics of assets under valuation and
present market trends, the reduction factor of 20% will be appropriate. They
are discounting the above market value by 20%. Hence, Forced/ Distress Sale value as on
date = Fair Market Value as on date x 0.80 = Rs. 5.460 Millions x 0.80 = Rs. 4.368 Millions |
|
|
|
|
Sources of information for arriving at the
forced sale value |
By Local inquiries with builders and Estate
agents. |
|
TECHNICAL DETAILS |
|
|
Type of Construction |
RCC Framed structure |
|
|
|
|
Completion Status |
Completed |
|
|
|
|
No. of Stories |
Ground + 2 upper floors |
|
|
|
|
Type of Foundation |
RCC Foundation |
|
|
|
|
Superstructure Walls |
Masonry Walls |
|
|
|
|
Internal Finish |
Cement mortar plaster |
|
|
|
|
External Finish |
Cement mortar plaster |
|
|
|
|
Type of flooring |
Vitrified Ceramic tiles flooring |
|
|
|
|
Type of Roof |
RCC Slab |
|
|
|
|
Type of Paint |
Plastic Emulsion Paint Internally. |
|
|
|
|
Electrification |
Concealed Wiring with standard quality
electrical fittings |
|
|
|
|
Plumbing |
Common toilet facility |
|
|
|
|
Bathroom details |
Common toilet facility |
|
|
|
|
Door Details |
Wooden frame with solid core flush doors with
additional safety door at main entrance. |
|
|
|
|
Window Details |
Anodized Aluminium frame glazed sliding
windows. |
|
|
|
|
Overall Appearance |
Good |
|
|
|
|
Architectural Quality |
Good as per visual inspection. |
|
|
|
|
Other details |
The Unit is having internal height of 14 ft
approximately and it is provided with granite pantry Platform with glazed
tiles dado upto full height. |
|
|
|
|
Special amenities |
The Building is having amenities such as
lift, Security services etc. |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Purpose of valuation |
Assessment of fair market value for Vijaya Bank’s
Mumbai Branch. |
|
|
|
|
Date of visit |
05.03.2015 |
|
|
|
|
Persons/ accompanying/ available at site at
the time of inspection/ valuation |
Property was inspected in presence of owners
representative. |
|
|
|
|
Description of the Property |
It is a flat type residential property in
low rise residential building which having accommodation of 3BHK in
Athwalines area. |
|
|
|
|
Survey No./ Gat No./ Plot No. |
Plot No. 22, of Diwalibaug having land bearing
rev. survey No. 13/3, 14 in the village limit of Athwa, Old survey No. 2/A,
New Survey No. 761, in the city survey ward No. 13, City taluka, Surat. |
|
|
|
|
Carpet / Built up Area [Sq. ft./ Sq. Mtr., Acre, Guntas, Cents/
Hectares] |
Saleable Area = 2000 Sq. ft. Carpet Area = Approx. 1215 Sq. ft. |
|
|
|
|
Building Name |
Navpad Apartment |
|
Floor No. |
3rd Floor |
|
Plot No. |
Plot No. 20, Diwalibaug Society |
|
Street Name/ No. |
Athwalines Main Road |
|
Stage/ Sector No./ Ward |
-- |
|
Latitude |
210-11’-12.15”N |
|
Longitude |
720-48’-31.84”E |
|
Village |
Athwa |
|
Town |
-- |
|
Taluka |
City |
|
District |
Surat |
|
State/ Union Territory |
Gujarat |
|
Pin Code |
395001 |
|
|
|
|
Property [bounded by] |
|
|
By North |
Open Space |
|
By South |
Lift/ Flat No. 302 |
|
By East |
Passage / Stair |
|
By West |
Open Space |
|
|
|
|
Title of the property |
|
|
Name and address of the owner |
Owner: Mr. Kirtilal Popatlal Shah Res. 2/B, Nautam Apartment, Diwalibaug, Athwagate,
Surat |
|
Since how long owning the property |
Since 2003 |
|
Whether joint/ co-ownership / others
[specify] |
Individual |
|
In case of joint ownership please furnish
shares of each owner and also whether the shares are undivided? |
-- |
|
|
|
|
Whether assessed to wealth tax, if so wealth
tax paid |
-- |
|
|
|
|
Corporation tax paid |
|
|
Amount |
-- |
|
Year of assessment |
-- |
|
Date of Payment |
-- |
|
|
|
|
Agreements of easement if any and if so |
-- |
|
|
|
|
Restrictive clauses to uses, if any [Whether
Building has certificate from the corporation has been obtained, etc.] |
Other than residence use. |
|
|
|
|
Location advantages/ disadvantages |
-- |
|
|
|
|
Classification of locality – Higher class/ Middle
Class/ Poor Class |
Higher Middle Class people |
|
|
|
|
Civic Amenities |
Within 0.25 to 2.5 Km distance |
|
Proximity to surface communication |
Within walking distance from site |
|
Distance from the city/ Municipal limits |
Within South-West zone of SMC. |
|
If the property is not within the city/
town/ municipal limits, then state the distance of the property from the - |
|
|
Municipal Office |
-- |
|
Municipal Limit |
-- |
|
|
|
|
Disadvantages, if any to be specified |
Freehold |
|
|
|
|
Title to the property - |
|
|
Whether freehold |
Freehold |
|
If not freehold, what is the unexpired
period of the lease? |
-- |
|
If leasehold, name of the lesser/ lessee, Nature
of lease, Date of commencement and items of renewal of lease |
-- |
|
Rent per annum |
-- |
|
Unearned increase payable to the lesser in
the event of sale of transfer |
-- |
|
|
|
|
Type of property – whether |
|
|
Agricultural |
-- |
|
Industrial |
-- |
|
Residential [Flat / Apartment] [Any restrictive clauses for sale, etc. to
be furnished] |
Residential Flat type |
|
Commercial |
-- |
|
Institutional |
-- |
|
Other [specify] |
-- |
|
|
|
|
What is the - |
|
|
Year of acquisition / purchaser |
November 2003 |
|
Value/ purchase price paid |
Rs. 0.920 Million [As per Memorandum
Agreement] |
|
Year of construction of super structure/
purchase of building |
2002 |
|
No. of floors/ stories |
BF+GF+04 Floors |
|
Year of completion |
2002 |
|
Purchase price |
Rs. 0.920 Million [As per Memorandum
Agreement] |
|
Additions/ improvement carried out if any –
State briefly nature of additions/ improvements, total cost thereof |
-- |
|
Rate and amount of Depreciation [at 1.5% per
annum] |
-- |
|
Present written down value |
-- |
|
Valuer’s opinion regarding the present
condition/ state of Building |
The quality of proposed construction/ used
building material is average class. |
|
Estimated future life |
47 Years, [If properly maintain] |
|
|
|
|
Area of land to be supported by physical
features |
Undivided land share |
|
Has the whole or part of land being notified
for Acquisition by Government or Statutory Body? If so, Give details |
Reportedly not |
|
Area of building/ constructed portion [state
separately for Factory, admin, Building, Staff quarters, etc.] |
Saleable Area = 2000 Sq. ft. Carpet Area = Approx. 1215 Sq. ft. |
|
Type/ Class of construction |
Average |
|
Service items available [List of all items to be provided such as
lifts, borewell, sump, embedded motors, D.G. Set, water supply, sanitary
disposal systems, canteen, stores etc.] |
Staircase, developed COP, 1-lift parking
space, UGT, OHT, w/s, sewerage, drainage, electric power by Torrent Power
etc. |
|
|
|
|
If the property is Industrial - |
|
|
State for what type of activity/ industry
the premises well suited |
-- |
|
Sanctioned / connected power load |
-- |
|
Type of activity presently going on at the
premises |
-- |
|
|
|
|
If the property is residential flat/
apartment – if so, the state |
|
|
When the building was constructed |
2002 |
|
Whether full consideration has been paid and
proper title documents obtained and produced for verification. |
-- |
|
In which floors/ storey, flat is located |
3rd floor |
|
|
|
|
If the property is of a commercial type
state - |
|
|
For what purpose the same is well suited
[office purpose/ business, etc.] |
-- |
|
The present activity/ business been
conducted |
-- |
|
|
|
|
If the property is agricultural – state |
|
|
Whether dry or wet lands |
-- |
|
Irrigation facilities available |
-- |
|
Type of crops grown and annual yield /
income in the previous years |
-- |
|
|
|
|
Whether the building/ property is constructed
strictly according to the sanctioned plan – Details of variation noticed is
any and effect of the same on the valuation to the dealt with specifically. |
Approved building/ lay out plan by SMC vide
Rajachiththi No. 2527 of dated 19.07.1999. |
|
|
|
|
Whether the property is self occupied or
tenanted / let out, if tenanted / let out - |
Use by owner |
|
Since how long |
-- |
|
To how many tenants |
-- |
|
What is the total monthly income? |
-- |
|
If partly owner occupied, specify portion and
extent of area under owner occupation |
-- |
|
|
|
|
Whether the said property was valued
earlier? If so- |
|
|
Date of valuation |
-- |
|
Name and address of the valuer |
-- |
|
Whether in the approved panel of the bank |
-- |
|
Purpose of the earlier valuation |
-- |
|
Basis of valuation |
-- |
|
Also submit/ enclose a copy of the earlier
valuation report |
-- |
|
|
|
|
Basis of present valuation |
Composite rate method |
|
Present depreciated value |
-- |
|
Market value |
Rate of flat acquisition in this bldg. is
Rs. 6500 per Sq. ft to Rs. 7000 per Sq. ft. [Sale rate based on saleable
area] = Saleable area x Rate of sale = Rs. 2000 Sq. ft. x Rs. 6950 per Sq. ft. = Rs. 13.900 Millions |
|
|
|
|
Rate adopted |
Rs. 6000 per Sq. ft. [Based on saleable
area] |
|
|
|
|
Basis for the adopted rates |
By local inquiry form estate brokers and
their judgment and experience. |
|
|
|
|
Whether the adopted rates are commensurate with
the rates adopted by the Registrar’s Office? In Case of wide variation,
please specify reasons. |
-- |
|
|
|
|
Whether the adopted rates have any
relationship with those adopted by the I.T. Department |
-- |
|
|
|
|
Whether the rates are based on prevalent
rates in the area, if so, the basis for accepting the same. |
By local inquiry from estate brokers and
their judgment and experience. |
|
|
|
|
In case of increase in present valuation
over the previous valuation, then furnish the specific reasons, basis for the
increase in value the details of variation. |
-- |
|
|
|
|
Whether the building is insured – if so |
-- |
|
For what value |
-- |
|
Against what risks |
-- |
|
Date of expiry of insurance |
-- |
|
|
|
|
In case the Bank were to sell the property,
what would be the approx. realizable value [Forced sale value] |
Rs. 10.000 Millions |
|
|
|
|
Insurable value of the property |
Rs. 2.400 Millions |
|
|
|
|
Sources of information for arriving at the forced
sale value |
By local inquiry from estate brokers and
builders and experience of real estate market trends. |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Purpose of valuation |
Assessment of fair market value for Vijaya Bank’s
Mumbai Branch. |
|
|
|
|
Date of visit |
05.03.2015 |
|
|
|
|
Persons/ accompanying/ available at site at
the time of inspection/ valuation |
Property was inspected in presence of owner.
|
|
|
|
|
Description of the Property |
It is a commercial property in low rise
commercial building in Haripura area. |
|
|
|
|
Survey No./ Gat No./ Plot No. |
City survey nondh No. 1171, 1172, 1173,
1090, 1091, 1092, 1093 in city survey ward No. 05, city taluka, Surat. |
|
|
|
|
Carpet / Built up Area [Sq. ft./ Sq. Mtr., Acre, Guntas, Cents/
Hectares] |
Saleable Area – 292.46 Sq. ft. |
|
|
|
|
Building Name |
New Diamond Trading Complex [New DTC] |
|
|
|
|
Floor No. |
1st Floor |
|
Plot No. |
-- |
|
Street Name/ No. |
Haat faliya street |
|
Stage/ Sector No./ Ward |
-- |
|
Latitude |
210-12’-09.91”N |
|
Longitude |
720-49’-54.30”E |
|
Village |
Surat City |
|
Town |
-- |
|
Taluka |
City |
|
District |
Surat |
|
State/ Union Territory |
Gujarat |
|
Pin Code |
395003 |
|
|
|
|
Property [bounded by] |
|
|
By North |
Office No. 102 |
|
By South |
Office No. 104 |
|
By East |
Open space |
|
By West |
Passage |
|
|
|
|
Title of the property |
|
|
Name and address of the owner |
Mr. Samkit Milankumar Shah and Mr. Hardik Milankumar Shah Resi. 101, Royal Apartment, B/s. Kakadiya
Complex, Ghod dod Road, Surat. |
|
Since how long owning the property |
Since 2008 |
|
Whether joint/ co-ownership / others
[specify] |
Joint Ownership |
|
In case of joint ownership please furnish
shares of each owner and also whether the shares are undivided? |
-- |
|
|
|
|
Whether assessed to wealth tax, if so wealth
tax paid |
-- |
|
|
|
|
Corporation tax paid |
|
|
Amount |
-- |
|
Year of assessment |
-- |
|
Date of Payment |
-- |
|
|
|
|
Agreements of easement if any and if so |
-- |
|
|
|
|
Restrictive clauses to uses, if any [Whether
Building has certificate from the corporation has been obtained, etc.] |
Other than commercial use. |
|
|
|
|
Location advantages/ disadvantages |
-- |
|
|
|
|
Classification of locality – Higher class/
Middle Class/ Poor Class |
Middle Class people |
|
|
|
|
Civic Amenities |
Within 0.25 to 0.5 Km distance |
|
Proximity to surface communication |
Within walking distance from site |
|
Distance from the city/ Municipal limits |
Central zone of SMC. |
|
If the property is not within the city/
town/ municipal limits, then state the distance of the property from the - |
|
|
Municipal Office |
-- |
|
Municipal Limit |
-- |
|
|
|
|
Disadvantages, if any to be specified |
-- |
|
|
|
|
Title to the property - |
|
|
Whether freehold |
Freehold |
|
If not freehold, what is the unexpired
period of the lease? |
-- |
|
If leasehold, name of the lesser/ lessee,
Nature of lease, Date of commencement and items of renewal of lease |
-- |
|
Rent per annum |
-- |
|
Unearned increase payable to the lesser in
the event of sale of transfer |
-- |
|
|
|
|
Type of property – whether |
|
|
Agricultural |
-- |
|
Industrial |
-- |
|
Residential [Flat / Apartment] [Any restrictive clauses for sale, etc. to
be furnished] |
-- |
|
Commercial |
Commercial |
|
Institutional |
-- |
|
Other [specify] |
-- |
|
|
|
|
What is the - |
|
|
Year of acquisition / purchaser |
19.03.2008 |
|
Value/ purchase price paid |
Rs. 0.360 Million |
|
Year of construction of super structure/
purchase of building |
2004 |
|
No. of floors/ stories |
GF + 04 Floors |
|
Year of completion |
2004 |
|
Purchase price |
Rs. 0.360 Million |
|
Additions/ improvement carried out if any –
State briefly nature of additions/ improvements, total cost thereof |
-- |
|
Rate and amount of Depreciation [at 1.5% per
annum] |
-- |
|
Present written down value |
-- |
|
Valuer’s opinion regarding the present
condition/ state of Building |
The quality of proposed construction/ used
building material is standard class. |
|
Estimated future life |
49 Years, [If properly maintain] |
|
|
|
|
Area of land to be supported by physical
features |
Undivided land share of 9.99 Sq. Mt. |
|
Has the whole or part of land being notified
for Acquisition by Government or Statutory Body? If so, Give details |
Reportedly not |
|
Area of building/ constructed portion [state
separately for Factory, admin, Building, Staff quarters, etc.] |
Saleable Area = 292.46 Sq. ft. |
|
Type/ Class of construction |
Standard |
|
Service items available [List of all items to be provided such as lifts,
borewell, sump, embedded motors, D.G. Set, water supply, sanitary disposal
systems, canteen, stores etc.] |
Parking space, all weather road network,
w/s, sewerage drainage system provided by SMC, electric power provided by
Torrent Power. |
|
|
|
|
If the property is Industrial - |
|
|
State for what type of activity/ industry
the premises well suited |
-- |
|
Sanctioned / connected power load |
-- |
|
Type of activity presently going on at the
premises |
-- |
|
|
|
|
If the property is residential flat/
apartment – if so, the state |
|
|
When the building was constructed |
2004 |
|
Whether full consideration has been paid and
proper title documents obtained and produced for verification. |
-- |
|
In which floors/ storey, flat is located |
1st Floor |
|
|
|
|
If the property is of a commercial type
state - |
|
|
For what purpose the same is well suited
[office purpose/ business, etc.] |
-- |
|
The present activity/ business been
conducted |
-- |
|
|
|
|
If the property is agricultural – state |
|
|
Whether dry or wet lands |
-- |
|
Irrigation facilities available |
-- |
|
Type of crops grown and annual yield /
income in the previous years |
-- |
|
|
|
|
Whether the building/ property is constructed
strictly according to the sanctioned plan – Details of variation noticed is
any and effect of the same on the valuation to the dealt with specifically. |
Approved building/ lay out plan is provided
by SMC vide TDO No. 334 of dated 26.03.2003 |
|
|
|
|
Whether the property is self occupied or
tenanted / let out, if tenanted / let out - |
Uses by owner |
|
Since how long |
-- |
|
To how many tenants |
-- |
|
What is the total monthly income? |
-- |
|
If partly owner occupied, specify portion and
extent of area under owner occupation |
-- |
|
|
|
|
Whether the said property was valued
earlier? If so- |
No |
|
Date of valuation |
-- |
|
Name and address of the valuer |
-- |
|
Whether in the approved panel of the bank |
-- |
|
Purpose of the earlier valuation |
-- |
|
Basis of valuation |
-- |
|
Also submit/ enclose a copy of the earlier
valuation report |
-- |
|
|
|
|
Basis of present valuation |
Composite rate method |
|
Present depreciated value |
-- |
|
Market value |
Rate of shop/ office acquisition in Haripura
area is Rs. 9000 per Sq. ft. to Rs. 9500 per Sq. ft. [Sale rate based on
saleable area] = Saleable area x Rate of sale = Rs. 292.46 Sq. ft. x Rs. 9500 per Sq. ft. = Rs. 2.778 Millions |
|
|
|
|
Rate adopted |
Rs. 9000 per Sq. ft. [Based on saleable
area] |
|
|
|
|
Basis for the adopted rates |
By local inquiry form estate brokers and
their judgment and experience. |
|
|
|
|
Whether the adopted rates are commensurate with
the rates adopted by the Registrar’s Office? In Case of wide variation,
please specify reasons. |
Govt. Jantri shows, rate of Rs. 42900 per
Sq. Mt. for new bldg. and Rs. 37237 per Sq. Mt. for 11 years old bldg. [Rate
based on CA] |
|
|
|
|
Whether the adopted rates have any
relationship with those adopted by the I.T. Department |
-- |
|
|
|
|
Whether the rates are based on prevalent
rates in the area, if so, the basis for accepting the same. |
By local inquiry from estate brokers and
their judgment and experience. |
|
|
|
|
In case of increase in present valuation
over the previous valuation, then furnish the specific reasons, basis for the
increase in value the details of variation. |
-- |
|
|
|
|
Whether the building is insured – if so |
-- |
|
For what value |
-- |
|
Against what risks |
-- |
|
Date of expiry of insurance |
-- |
|
|
|
|
In case the Bank were to sell the property,
what would be the approx. realizable value [Forced sale value] |
Rs. 2.050 Millions |
|
|
|
|
Insurable value of the property |
Rs. 0.500 Million |
|
|
|
|
Sources of information for arriving at the
forced sale value |
By local inquiry from estate brokers and
builders and experience of real estate market trends. |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Purpose of valuation |
Assessment of fair market value for Vijaya
Bank’s Mumbai Branch. |
|
|
|
|
Date of visit |
05.03.2015 |
|
|
|
|
Persons/ accompanying/ available at site at
the time of inspection/ valuation |
Property was inspected in presence of
owner’s representative. |
|
|
|
|
Description of the Property |
It is a flat type residential property in
low rise residential building which having accommodation of 2BHK in
Athwalines Area. |
|
|
|
|
Survey No./ Gat No./ Plot No. |
City survey No. 2321/A, in the Village limit
of Athwa, Sub plot No. 05, in F.P. No. 98/B, in T.P. scheme No. 05, City
taluka, Surat. |
|
|
|
|
Carpet / Built up Area [Sq. ft./ Sq. Mtr., Acre, Guntas, Cents/
Hectares] |
Saleable Area = 1585 Sq. ft. Carpet Area = Approx. 1067 Sq. ft. |
|
|
|
|
Building Name |
Royal Apartment |
|
|
|
|
Floor No. |
1st Floor |
|
Plot No. |
-- |
|
Street Name/ No. |
Athwalines main road |
|
Stage/ Sector No./ Ward |
-- |
|
Latitude |
210-10’-32.61”N |
|
Longitude |
720-48’-46.73”E |
|
Village |
Athwa |
|
Town |
-- |
|
Taluka |
City |
|
District |
Surat |
|
State/ Union Territory |
Gujarat |
|
Pin Code |
395001 |
|
|
|
|
Property [bounded by] |
|
|
By North |
Passage / Flat No. 103 |
|
By South |
Open space |
|
By East |
Stair |
|
By West |
Flat No. 102 |
|
|
|
|
Title of the property |
|
|
Name and address of the owner |
Possessor: Mr. Milan P. Shah and Others Res. 601, Keshav Apartment, Lal Bungalow,
Athwalines, Surat. |
|
Since how long owning the property |
Since 1990 |
|
Whether joint/ co-ownership / others
[specify] |
Joint Ownership |
|
In case of joint ownership please furnish
shares of each owner and also whether the shares are undivided? |
Equal and undivided |
|
|
|
|
Whether assessed to wealth tax, if so wealth
tax paid |
-- |
|
|
|
|
Corporation tax paid |
|
|
Amount |
-- |
|
Year of assessment |
-- |
|
Date of Payment |
-- |
|
|
|
|
Agreements of easement if any and if so |
-- |
|
|
|
|
Restrictive clauses to uses, if any [Whether
Building has certificate from the corporation has been obtained, etc.] |
Other than residential use. |
|
|
|
|
Location advantages/ disadvantages |
-- |
|
|
|
|
Classification of locality – Higher class/ Middle
Class/ Poor Class |
Higher Middle Class people |
|
|
|
|
Civic Amenities |
Within 0.25 to 2.5 Km distance |
|
Proximity to surface communication |
Within walking distance from site |
|
Distance from the city/ Municipal limits |
Within South-West zone of SMC. |
|
If the property is not within the city/
town/ municipal limits, then state the distance of the property from the - |
|
|
Municipal Office |
-- |
|
Municipal Limit |
-- |
|
|
|
|
Disadvantages, if any to be specified |
-- |
|
|
|
|
Title to the property - |
|
|
Whether freehold |
Freehold |
|
If not freehold, what is the unexpired
period of the lease? |
-- |
|
If leasehold, name of the lesser/ lessee,
Nature of lease, Date of commencement and items of renewal of lease |
-- |
|
Rent per annum |
-- |
|
Unearned increase payable to the lesser in
the event of sale of transfer |
-- |
|
|
|
|
Type of property – whether |
|
|
Agricultural |
-- |
|
Industrial |
-- |
|
Residential [Flat / Apartment] [Any restrictive clauses for sale, etc. to
be furnished] |
Residential Flat type |
|
Commercial |
-- |
|
Institutional |
-- |
|
Other [specify] |
-- |
|
|
|
|
What is the - |
|
|
Year of acquisition / purchaser |
1990 |
|
Value/ purchase price paid |
Rs. 0.300 Million [As per possession
agreement] |
|
Year of construction of super structure/
purchase of building |
1990 |
|
No. of floors/ stories |
GF + 04 Floors |
|
Year of completion |
1990 |
|
Purchase price |
Rs. 0.300 Million [As per possession
agreement] |
|
Additions/ improvement carried out if any –
State briefly nature of additions/ improvements, total cost thereof |
-- |
|
Rate and amount of Depreciation [at 1.5% per
annum] |
-- |
|
Present written down value |
-- |
|
Valuer’s opinion regarding the present
condition/ state of Building |
The quality of proposed construction/ used
building material is average class. |
|
Estimated future life |
45 Years, [If properly maintain] |
|
|
|
|
Area of land to be supported by physical
features |
Undivided land share |
|
Has the whole or part of land being notified
for Acquisition by Government or Statutory Body? If so, Give details |
Reportedly not |
|
Area of building/ constructed portion [state
separately for Factory, admin, Building, Staff quarters, etc.] |
Super built up area = 1585 Sq. ft. Carpet Area = Approx. 1067 Sq. ft. |
|
Type/ Class of construction |
Average |
|
Service items available [List of all items to be provided such as lifts,
borewell, sump, embedded motors, D.G. Set, water supply, sanitary disposal
systems, canteen, stores etc.] |
Staircase, developed COP, 1-lift parking
space, UGT, OHT, w/s, sewerage, drainage, electric power by Torrent Power
etc. |
|
|
|
|
If the property is Industrial - |
|
|
State for what type of activity/ industry
the premises well suited |
-- |
|
Sanctioned / connected power load |
-- |
|
Type of activity presently going on at the
premises |
-- |
|
|
|
|
If the property is residential flat/ apartment
– if so, the state |
|
|
When the building was constructed |
1990 |
|
Whether full consideration has been paid and
proper title documents obtained and produced for verification. |
-- |
|
In which floors/ storey, flat is located |
1st Floor |
|
|
|
|
If the property is of a commercial type
state - |
|
|
For what purpose the same is well suited
[office purpose/ business, etc.] |
-- |
|
The present activity/ business been
conducted |
-- |
|
|
|
|
If the property is agricultural – state |
|
|
Whether dry or wet lands |
-- |
|
Irrigation facilities available |
-- |
|
Type of crops grown and annual yield /
income in the previous years |
-- |
|
|
|
|
Whether the building/ property is constructed
strictly according to the sanctioned plan – Details of variation noticed is
any and effect of the same on the valuation to the dealt with specifically. |
Approved building/ lay out plan is not
provided. |
|
|
|
|
Whether the property is self occupied or
tenanted / let out, if tenanted / let out - |
Use by possessor |
|
Since how long |
-- |
|
To how many tenants |
-- |
|
What is the total monthly income? |
-- |
|
If partly owner occupied, specify portion
and extent of area under owner occupation |
-- |
|
|
|
|
Whether the said property was valued
earlier? If so- |
|
|
Date of valuation |
-- |
|
Name and address of the valuer |
-- |
|
Whether in the approved panel of the bank |
-- |
|
Purpose of the earlier valuation |
-- |
|
Basis of valuation |
-- |
|
Also submit/ enclose a copy of the earlier
valuation report |
-- |
|
|
|
|
Basis of present valuation |
Composite rate method |
|
Present depreciated value |
-- |
|
Market value |
Rate of flat acquisition in this bldg. is Rs.
6000 per Sq. ft. to Rs. 6500 per Sq. ft. [Sale rate based on saleable area] = Super built up area x Rate of sale = Rs. 1585 Sq. ft. x Rs. 6450 per Sq. ft. = Rs. 10.223 Millions = Rs. 10.200 Millions |
|
|
|
|
Rate adopted |
Rs. 5500 per Sq. ft. [Based on super built
up area] |
|
|
|
|
Basis for the adopted rates |
By local inquiry form estate brokers and
their judgment and experience. |
|
|
|
|
Whether the adopted rates are commensurate with
the rates adopted by the Registrar’s Office? In Case of wide variation,
please specify reasons. |
Govt. Jantri shows, rate of Rs. 41000 per
Sq. Mt. for new bldg. and Rs. 28700 per Sq. Mt. for 25 years old bldg. |
|
|
|
|
Whether the adopted rates have any
relationship with those adopted by the I.T. Department |
-- |
|
|
|
|
Whether the rates are based on prevalent
rates in the area, if so, the basis for accepting the same. |
By local inquiry from estate brokers and
their judgment and experience. |
|
|
|
|
In case of increase in present valuation
over the previous valuation, then furnish the specific reasons, basis for the
increase in value the details of variation. |
-- |
|
|
|
|
Whether the building is insured – if so |
-- |
|
For what value |
-- |
|
Against what risks |
-- |
|
Date of expiry of insurance |
-- |
|
|
|
|
In case the Bank were to sell the property,
what would be the approx. realizable value [Forced sale value] |
Rs. 7.650 Millions |
|
|
|
|
Insurable value of the property |
Rs. 1.300 Millions |
|
|
|
|
Sources of information for arriving at the
forced sale value |
By local inquiry from estate brokers and
builders and experience of real estate market trends. |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Purpose of valuation |
Assessment of fair market value for Vijaya
Bank’s Mumbai Branch. |
|
|
|
|
Date of visit |
05.03.2015 |
|
|
|
|
Persons/ accompanying/ available at site at
the time of inspection/ valuation |
Property was inspected in presence of owner.
|
|
|
|
|
Description of the Property |
It is a commercial property in low rise
commercial building in Mahidharpura area. |
|
|
|
|
Survey No./ Gat No./ Plot No. |
City survey nondh No. 1171, 1172, 1173, 1090,
1091, 1093, in city survey ward No. 05, city taluka, Surat. |
|
|
|
|
Carpet / Built up Area [Sq. ft./ Sq. Mtr., Acre, Guntas, Cents/
Hectares] |
Carpet Area = 336 Sq. ft. |
|
|
|
|
Building Name |
Dev Krupa Apartment |
|
|
|
|
Floor No. |
As per sale deed: 1st Floor As per site: 2nd Floor |
|
Plot No. |
-- |
|
Street Name/ No. |
Jadakhadi |
|
Stage/ Sector No./ Ward |
-- |
|
Latitude |
210-12’-17.13”N |
|
Longitude |
720-49’-58.38”E |
|
Village |
Surat City |
|
Town |
-- |
|
Taluka |
City |
|
District |
Surat |
|
State/ Union Territory |
Gujarat |
|
Pin Code |
395003 |
|
|
|
|
Property [bounded by] |
|
|
By North |
Stair |
|
By South |
Office No. 200 |
|
By East |
Passage |
|
By West |
Open Space |
|
|
|
|
Title of the property |
|
|
Name and address of the owner |
Mr. Kirtilal Popatlal Shah Res. 2/B, Nautam Apartment, Diwalibaug,
Athwagate, Surat. |
|
Since how long owning the property |
Since Purchaser |
|
Whether joint/ co-ownership / others
[specify] |
Individual |
|
In case of joint ownership please furnish
shares of each owner and also whether the shares are undivided? |
-- |
|
|
|
|
Whether assessed to wealth tax, if so wealth
tax paid |
-- |
|
|
|
|
Corporation tax paid |
|
|
Amount |
-- |
|
Year of assessment |
-- |
|
Date of Payment |
-- |
|
|
|
|
Agreements of easement if any and if so |
-- |
|
|
|
|
Restrictive clauses to uses, if any [Whether
Building has certificate from the corporation has been obtained, etc.] |
Other than residential use. |
|
|
|
|
Location advantages/ disadvantages |
-- |
|
|
|
|
Classification of locality – Higher class/
Middle Class/ Poor Class |
Middle Class people |
|
|
|
|
Civic Amenities |
Within 0.25 to 0.5 Km distance |
|
Proximity to surface communication |
Within walking distance from site |
|
Distance from the city/ Municipal limits |
Central zone of SMC. |
|
If the property is not within the city/
town/ municipal limits, then state the distance of the property from the - |
|
|
Municipal Office |
-- |
|
Municipal Limit |
-- |
|
|
|
|
Disadvantages, if any to be specified |
-- |
|
|
|
|
Title to the property - |
|
|
Whether freehold |
Freehold |
|
If not freehold, what is the unexpired
period of the lease? |
-- |
|
If leasehold, name of the lesser/ lessee,
Nature of lease, Date of commencement and items of renewal of lease |
-- |
|
Rent per annum |
-- |
|
Unearned increase payable to the lesser in
the event of sale of transfer |
-- |
|
|
|
|
Type of property – whether |
|
|
Agricultural |
-- |
|
Industrial |
-- |
|
Residential [Flat / Apartment] [Any restrictive clauses for sale, etc. to
be furnished] |
-- |
|
Commercial |
Commercial |
|
Institutional |
-- |
|
Other [specify] |
-- |
|
|
|
|
What is the - |
|
|
Year of acquisition / purchaser |
1988 |
|
Value/ purchase price paid |
Rs. 0.111 Million [ |
|
Year of construction of super structure/
purchase of building |
2014 |
|
No. of floors/ stories |
BF + GF + 5 Floors |
|
Year of completion |
2014 |
|
Purchase price |
Rs. 0.111 Million |
|
Additions/ improvement carried out if any –
State briefly nature of additions/ improvements, total cost thereof |
-- |
|
Rate and amount of Depreciation [at 1.5% per
annum] |
-- |
|
Present written down value |
-- |
|
Valuer’s opinion regarding the present
condition/ state of Building |
The quality of proposed construction/ used
building material is standard class. |
|
Estimated future life |
59 Years, [If properly maintain] |
|
|
|
|
Area of land to be supported by physical
features |
Undivided land share |
|
Has the whole or part of land being notified
for Acquisition by Government or Statutory Body? If so, Give details |
Reportedly not |
|
Area of building/ constructed portion [state
separately for Factory, admin, Building, Staff quarters, etc.] |
Carpet Area = 336 Sq. ft. |
|
Type/ Class of construction |
Standard |
|
Service items available [List of all items to be provided such as lifts,
borewell, sump, embedded motors, D.G. Set, water supply, sanitary disposal
systems, canteen, stores etc.] |
Parking space, all weather road network,
w/s, sewerage, drainage system provided by SMC, electric power provided by
Torrent Power. |
|
|
|
|
If the property is Industrial - |
|
|
State for what type of activity/ industry
the premises well suited |
-- |
|
Sanctioned / connected power load |
-- |
|
Type of activity presently going on at the
premises |
-- |
|
|
|
|
If the property is residential flat/
apartment – if so, the state |
|
|
When the building was constructed |
2014 |
|
Whether full consideration has been paid and
proper title documents obtained and produced for verification. |
-- |
|
In which floors/ storey, flat is located |
2nd Floor |
|
|
|
|
If the property is of a commercial type
state - |
|
|
For what purpose the same is well suited
[office purpose/ business, etc.] |
-- |
|
The present activity/ business been
conducted |
-- |
|
|
|
|
If the property is agricultural – state |
|
|
Whether dry or wet lands |
-- |
|
Irrigation facilities available |
-- |
|
Type of crops grown and annual yield /
income in the previous years |
-- |
|
|
|
|
Whether the building/ property is constructed
strictly according to the sanctioned plan – Details of variation noticed is
any and effect of the same on the valuation to the dealt with specifically. |
Approved building/ lay out plan is not
provided. |
|
|
|
|
Whether the property is self-occupied or
tenanted / let out, if tenanted / let out - |
Uses by owner |
|
Since how long |
-- |
|
To how many tenants |
-- |
|
What is the total monthly income? |
-- |
|
If partly owner occupied, specify portion
and extent of area under owner occupation |
-- |
|
|
|
|
Whether the said property was valued
earlier? If so- |
No |
|
Date of valuation |
-- |
|
Name and address of the valuer |
-- |
|
Whether in the approved panel of the bank |
-- |
|
Purpose of the earlier valuation |
-- |
|
Basis of valuation |
-- |
|
Also submit/ enclose a copy of the earlier
valuation report |
-- |
|
|
|
|
Basis of present valuation |
Composite rate method |
|
Present depreciated value |
-- |
|
Market value |
Rate of shop/ office acquisition in
Mahidharpura area is Rs. 9000 per Sq. ft. to Rs. 9500 per Sq. ft. [Sale rate
based on carpet area] = Carpet area x Rate of sale = Rs. 336 Sq. ft. x Rs. 9500 per Sq. ft. = Rs. 3.192 Millions |
|
|
|
|
Rate adopted |
Rs. 9000 per Sq. ft. [Based on carpet area] |
|
|
|
|
Basis for the adopted rates |
By local inquiry form estate brokers and
their judgment and experience. |
|
|
|
|
Whether the adopted rates are commensurate
with the rates adopted by the Registrar’s Office? In Case of wide variation, please
specify reasons. |
Govt. Jantri shows, rate of Rs. 56550 per
Sq. Mt. for new bldg. [Rate based on CA] |
|
|
|
|
Whether the adopted rates have any
relationship with those adopted by the I.T. Department |
-- |
|
|
|
|
Whether the rates are based on prevalent
rates in the area, if so, the basis for accepting the same. |
By local inquiry from estate brokers and
their judgment and experience. |
|
|
|
|
In case of increase in present valuation over
the previous valuation, then furnish the specific reasons, basis for the
increase in value the details of variation. |
-- |
|
|
|
|
Whether the building is insured – if so |
-- |
|
For what value |
-- |
|
Against what risks |
-- |
|
Date of expiry of insurance |
-- |
|
|
|
|
In case the Bank were to sell the property,
what would be the approx. realizable value [Forced sale value] |
Rs. 2.350 Millions |
|
|
|
|
Insurable value of the property |
Rs. 0.600 Million |
|
|
|
|
Sources of information for arriving at the
forced sale value |
By local inquiry from estate brokers and
builders and experience of real estate market trends. |
------------------------------------------------------------------------------------------------------------------------------
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
-
The area of study of family owned diamond businesses derives its importance
from the huge conglomerate of family run organizations which operate in the
diamond industry since many generations.
-
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and
philanthropy.
-
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
-
Excerpts from Times of India dated 30th October 2010 is as under
–
-
Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has stopped
completely.” Demand has started coming from the US, the UK, Japan and China.
India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
-
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Air Conditioner
Office
Premises
Plant
and Machinery
Computer
Safe
Typewriter
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records 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. 62.75 |
|
|
1 |
Rs. 94.60 |
|
Euro |
1 |
Rs. 67.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI / BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.