MIRA INFORM REPORT

Report No. :	349045
Report Date :	06.11.2015

IDENTIFICATION DETAILS

Name :	SOHAM COLD STORAGE PRIVATE LIMITED
Registered Office :	1, Laxmi Complex, Opposite O N G C Gate Highway, Sabarmati, Ahmedabad – 380005, Gujarat
Tel. No.:	91-79-27500112/ 27508840
Country :	India
Financials (as on) :	31.03.2015 (Provisional)
Date of Incorporation :	06.07.2000
Com. Reg. No.:	04-038311
Capital Investment / Paid-up Capital :	Rs. 4.999 Million
CIN No.: [Company Identification No.]	U63021GJ2000PTC038311
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	AHMS02513A
PAN No.: [Permanent Account No.]	AAFCS2067M
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Cold Storage facilities for Agricultural Produce.
No. of Employees :	7 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (30)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Exist
Comments :	Soham Cold Storage Private Limited was incorporated in the year 2000, and it is engaged into providing cold storage services. The company is owned by the Ahmedabad-based Prajapati family. Company cold storage plant is located in Ahmedabad (Gujarat). The rating takes into account on company’s moderate scale of operations, average financial risk profile constrained by its small networth and company’s working capital intensive operations. This rating weakness is partially offsets by the extensive experience of the promoters established track record of company and sustained increase in scale of operations and cash accrual during the year under review. Trade relations seem to be fair. Business is active. Payment terms are slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. .

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

NOT AVAILABLE

RBI 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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Sanjay R. Shah
Designation :	Accountant
Contact No.:	91-9377368068
Date :	04.11.2015

LOCATIONS

Registered Office :	1, Laxmi Complex, Opposite O N G C Gate Highway, Sabarmati, Ahmedabad – 380005, Gujarat, India
Tel. No.:	91-79-27500112/ 27508840
Mobile No.:	91-9377368068 [Mr. Sanjay R. Shah] 91-9879795179 [Mr. Soham Prajapati]
Fax No.:	91-79-27500112
E-Mail :	nk.bricks@yahoo.com nk.bricks@gmail.com
Factory :	Block No. 333 and 334, Opposite Baggu Petrol Pump, Adalaj, Ahmedabad, Gujarat, India
Tel. No.:	91-79-65720494/ 23970411
Location :	Leased

DIRECTORS

AS ON 30.09.2014

Name :	Mr. Devendrabhai Naranbhai Prajapati
Designation :	Director
Address :	5 B, Balaji Kutir, Near Narmada Canal, Adalaj, District Gandhinagar, Gujarat, India
Date of Birth/Age :	05.07.1961
Qualification :	B. Com
Experience :	15 Years
Date of Appointment :	06.07.2000
PAN No.:	AHRPP1258P
Passport No.:	F4741766
DIN No.:	00764473
Name :	Mr. Maheshbhai Naranbhai Prajapati
Designation :	Director
Address :	1, Shubhlaxmi Society, Opposite Old Tolnaka Highway, Sabarmati, Ahmedabad – 380005, Gujarat, India
Date of Birth/Age :	23.01.1966
Qualification :	B. Sc.
Experience :	15 Years
Date of Appointment :	07.07.2000
PAN No.:	ABRPP7286Q
DIN No.:	00764498
Name :	Mr. Nareshbhai Naranbhai Prajapati
Designation :	Director
Address :	1 Aavkar Villa, Near Spring Vally Party Plot, New C.G. Road, Chandkheda, Ahmedabad, Gujarat, India
Date of Birth/Age :	22.10.1963
Qualification :	B. Com
Experience :	15 Years
Date of Appointment :	06.07.2000
PAN No.:	ABRPP7285Q
DIN No.:	00778165
Name :	Mr. Nisarg Naresh Prajapati
Designation :	Director
Address :	1 Aavkar Villa, Near Spring Vally Party Plot, New C.G. Road, Chandkheda, Ahmedabad, Gujarat, India
Date of Birth/Age :	04.04.1991
Qualification :	B. Tech
Experience :	2 Years
Date of Appointment :	01.06.2013
PAN No.:	BCCPP2775C
DIN No.:	06609140
Name :	Mr. Soham Devendrabhai Prajapati
Designation :	Director
Address :	5 B, Balaji Kutir, Near Narmada Canal, Adalaj, District Gandhinagar, Gujarat, India
Date of Birth/Age :	12.07.1987
Qualification :	B. Tech
Experience :	2 Years
Date of Appointment :	01.06.2013
PAN No.:	AYLPP7329N
DIN No.:	06609197
Name :	Mr. Neel Maheshbhai Prajapati
Designation :	Director
Address :	1, Shubhlaxmi Society, Opposite Old Tolnaka Highway, Sabarmati, Ahmedabad – 380005, Gujarat, India
Date of Birth/Age :	25.07.1991
Qualification :	Architect
Experience :	2 Years
Date of Appointment :	01.06.2013
PAN No.:	BFVPP6582B
DIN No.:	06609200

KEY EXECUTIVES

Name :	Mr. Sanjay R. Shah
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2015

Names of Shareholders	No. of Shares
Devendra Naranbhai Prajapati	30000
Naresh Naranbhai Prajapati	7610
Mahesh Naranbhai Prajapati	35000
Jyotiben D. Prajapati	50000
Savitaben N. Prajapati	67500
Hansaben N. Prajapati	69900
Naranbhai K. Prajapati	122500
Shardaben N. Prajapati	2500
Simona Air Mech Private Limited, India	10
Devendra N. Prajapati HUF	45010
Naresh N. Prajapati HUF	49900
Mahesh N. Prajapati HUF	20000
Total	499930

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	0.01
Directors or relatives of directors	99.99
Total	100.00

BUSINESS DETAILS

Line of Business :	Providing Cold Storage facilities for Agricultural Produce.
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

· Ashok Traders, Morbi

· Ashpura Enterprise

· Bhuvneshwar Trading Co, Kalol

· Coat Industries, Kalol

· Dinesh Masala, Kalup[ur

· Ganesh Coconut

· Harimkar Traders

· J P Foods

· K C N Exports

· Lalit Trading Co.

· Mira Traders

· Narsinha Trading Co

· R M Trading Co

· Sayona Trading

· Vasant Masala Private Limited

· Vivek Traders

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

7 (Approximately)

Bankers :

Bank Name:	Bank of India
Branch:	Sabarmati Branch, Sabarmati, Ahmedabad - 380005, Gujarat, India
Person Name (with Designation):	S.B. Prasad [Chief Manager]
Contact Number:	91-79-27500931 91-9712944741
Name of Account Holder:	Soham Cold Storage Private Limited
Account Number:	201420100000354
Account Since (Date/ Year of A/c Opening):	2000
Average Balance Maintained (Optional):	Rs. 0.150 Million
Credit Facilities Enjoyed (CC/OD/Term Loan):
Account Operation:
Remarks:	Account is running good since 17.08.2000

Facilities :

--

Auditors :
Name :	Sanjay Bajoria and Associates Chartered Accountants
Address :	207, Sampada, Near Mithakhali Six Road, Ahmedabad – 380009, Gujarat, India
Telefax :	91-79-66318660/ 66318661
E-Mail :	shah.kalpesh@rediffmail.com
Income-tax PAN of auditor or auditor's firm :	AAKFS4812N
Memberships :	--
Collaborators :	--
Associates :	· N K Bricks Block 440, At Adalaj, District Gandhinagar, Gujarat, India · N K Enterprise Block 888, At Adalaj, District Gandhinagar, Gujarat, India · N K Corporation Block 1375, At Adalaj, District Gandhinagar, Gujarat, India · Soham Cargo 1, Laxmi Complex, Sabarmati, Ahmedabad, Gujarat, India · S N Transport 1, Laxmi Complex, Sabarmati, Ahmedabad, Gujarat, India · Shivani Transport 1, Laxmi Complex, Sabarmati, Ahmedabad, Gujarat, India

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital : Not Available

Issued, Subscribed & Paid-up Capital : Rs. 4.999 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
750,000	Equity Shares	Rs. 10/- each	Rs. 7.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
499,930	Equity Shares	Rs. 10/- each	Rs. 4.999 Million

FINANCIAL DATA

[all figures are in Rupees Million]

BALANCE SHEET

SOURCES OF FUNDS		31.03.2015 (Provisional)
SHAREHOLDERS FUNDS
1] Share Capital		4.999
2] Share Application Money		0.000
3] Reserves & Surplus		6.822
4] (Accumulated Losses)		0.000
NETWORTH		11.821
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.111
TOTAL BORROWING		0.111
DEFERRED TAX LIABILITIES		0.000
SUSPENSE ACCOUNT		0.781
TOTAL		12.713
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5.427
Capital work-in-progress		0.000
INVESTMENT		3.647
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	3.255
	Cash & Bank Balances	0.817
	Other Current Assets	0.757
	Loans & Advances	0.694
Total Current Assets		5.523
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1.678
	Other Current Liabilities	0.142
	Provisions	0.064
Total Current Liabilities		1.884
Net Current Assets		3.639
MISCELLANEOUS EXPENSES		0.000
TOTAL		12.713

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	4.999	4.999
(b) Reserves & Surplus	5.397	4.452
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	10.396	9.451
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.268	0.256
(b) Trade payables	1.733	1.235
(c) Other current liabilities	0.093	0.173
(d) Short-term provisions	0.367	0.468
Total Current Liabilities (4)	2.461	2.132
TOTAL	12.857	11.583
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	4.589	5.235
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.711	0.711
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	5.300	5.946
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	3.476	3.745
(d) Cash and cash equivalents	2.737	0.757
(e) Short-term loans and advances	1.287	1.135
(f) Other current assets	0.057	0.000
Total Current Assets	7.557	5.637
TOTAL	12.857	11.583

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015 (Provisional)
	SALES
		Sales	7.252
		Other Income	1.106
		TOTAL	8.358
Less	EXPENSES
		Electric Consumption-UGVCL	0.924
		Loading Unloading Charges	0.512
		Commission Expenses	0.590
		Kasar Vatav Expenses	0.328
		Repair and Maintenance	1.105
		Salary Expenses-Driver	0.070
		Salary – Directors	1.500
		Salary – Staff	0.539
		Security Charges	0.088
		Vehicle Rep. Expenses	0.067
		Other Expenses	0.429
		TOTAL	6.152
	PROFIT BEFORE DEPRECIATION AND AMORTISATION		2.206
Less/ Add	DEPRECIATION/ AMORTISATION		0.781
	NET PROFIT		1.425

	PARTICULARS		31.03.2014	31.03.2013
	SALES
		Revenue from Operations	6.070	5.159
		Other Income	0.751	0.628
		TOTAL (A)	6.821	5.787
Less	EXPENSES
		Employees benefits expense	1.884	0.537
		Other expenses	2.911	2.292
		TOTAL (B)	4.795	2.829
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2.026	2.958
Less	FINANCIAL EXPENSES (D)		0.023	0.087
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2.003	2.871
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.780	0.785
	PROFIT BEFORE TAX (E-F) (G)		1.223	2.086
Less	TAX (H)		0.278	0.429
	PROFIT AFTER TAX (G-H) (I)		0.945	1.657
	Earnings Per Share (Rs.)		1.89	3.31

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

PARTICULARS	31.03.2015 (Provisional)	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net Cash flow from (used in) Operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2015 (Provisional)	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	19.65	15.57	32.12
Operating Profit Margin (PBDIT/Sales)	(%)	NA	33.38	57.34
Return on Total Assets (PBT/Total Assets}	(%)	10.90	10.07	19.19
Return on Investment (ROI) (PBT/Networth)		0.12	0.12	0.22
Debt Equity Ratio (Total Liability/Networth)		0.01	0.03	0.03
Current Ratio (Current Asset/Current Liability)		2.93	3.07	2.64

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	4.999	4.999	4.999
Reserves & Surplus	4.452	5.397	6.822
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	9.451	10.396	11.821
Long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.256	0.268	0.111
Total borrowings	0.256	0.268	0.111
Debt/Equity ratio	0.027	0.026	0.009

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	5.159	6.070	7.252
		17.658	19.473

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015 [Provisional]
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	5.159	6.070	7.252
Profit	1.657	0.945	1.425
	32.12%	15.57%	19.65%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	Yes
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

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

LITIGATION DETAILS

HIGH COURT OF GUJARAT

TAX APPEAL No. 60 of 2011

Status: PENDING ( Converted from : ST/3624/2010 ) CCIN No: 001092201100060

Last Listing Date: 14/02/2012

Coram: - HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA

HONOURABLE MR.JUSTICE J.B.PARDIWALA

S.NO.

Name of the Petitioner

Advocate On Record

1

THE COMMISSIONER OF INCOME TAX-IV

MR.VARUN K.PATEL for: Appellant(s)  1

S.NO.

Name of the Respondant

Advocate On Record

1

SOHAM COLD STORAGE PVT LTD

RULE SERVED for :Opponent(s)  1

Presented On	: 22/12/2010	Registered On	: 22/12/2010
Bench Category	: DIVISION BENCH	District	: AHMEDABAD
Case Originated From	:THROUGH HIS/HER/THEIR ADVOCATE	Listed	: 290 times
Stage Name	: FOR REGULAR ADMISSION (SPL.)

Classification	· DB - OJ - TAX APPEAL - INCOME TAX ACT, 1961 - APPEAL TO HIGH COURT - U/S 260 OF IT ACT - LONG TERM CAPITAL GAIN - U/S 54EA
Act	· INCOME-TAX ACT, 1961

Office Details

S. No

Filing Date

Document Name

Advocate Name

Court Fee on Document

Document Details

1

15/08/2011

VAKALATNAMA

MR.VARUN K.PATEL ADVOCATE
for PETITIONER(s)  1

-

MR.VARUN K.PATEL:1

2

15/08/2011

DOCUMENT

RULE SERVED 
for RESPONDENT(s)  1

-

RULE SERVED:1

3

29/09/2012

APPEARANCE NOTE

MR.VARUN K.PATEL ADVOCATE
for PETITIONER(s)  1

-

MR.VARUN K.PATEL:1

Court Proceedings

S. No.	Notified Date	Court Code	Board Sr. No.	Stage	Action	Coram
1	07/01/2011	1	-	FOR REGULAR ADMISSION (SPL.)	NEXT DATE	· ADDITIONAL REGISTRAR ( JUDICIAL)
2	14/02/2012	1	-	FOR REGULAR ADMISSION (SPL.)	RULE/ADMIT	· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA  · HONOURABLE MR.JUSTICE J.B.PARDIWALA

Available Orders

S. No.	Case Details	Judge Name	Order Date	CAV	Judgement	Transferred	Download
1	TAX APPEAL/60/2011	· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA  · HONOURABLE MR.JUSTICE J.B.PARDIWALA	14/02/2012	N	ORDER	Y	Download

Certified Copy

S. No.	ApplicantName	ApplicationType	Application Date	UOL Number	Order Date	Notify Date	Delivery Date	Status	Nature Of Document
1	MRS MAUNA M BHATT	ORDINARY	15/02/2012	O/5219/2012	14/02/2012	17/02/2012	21/02/2012	Delivered	ORDER

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

UNSECURED LOANS

(RS. IN MILLION)

PARTICULARS	31.03.2014	31.03.2013
SHORT TERM BORROWINGS
Loans repayable on demand From Related Parties	0.268	0.256
Total	0.268	0.256

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

ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLION)

SR. NO.	PARTICULARS	2016	2017	2018	2019	2020
		[PROJECTION]
1	Gross Sales
	1. Domestic Sales	7.500	15.000	17.000	17.500	18.000
	2. Export Sales	0.000	0.000	0.000	0.000	0.000
	Total	7.500	15.000	17.000	17.500	18.000
2	Less: Excise Duty / Sales Tax	0.000	0.000	0.000	0.000	0.000
3	Net Sales	7.500	15.000	17.000	17.500	18.000
4	%age rise (+) or fall (-) in net sales as compared to previous year	--	--	--	--	--
5	Cost of Sales
	1. Raw Material [Including stores and other items used in the process of manufacture]
	- Imported	0.000	0.000	0.000	0.000	0.000
	- Indigenous	0.000	0.000	0.000	0.000	0.000
	2. Stores, Spares and Consumables
	- Imported	0.000	0.000	0.000	0.000	0.000
	- Indigenous	0.000	0.000	0.000	0.000	0.000
	3. Power and Fuel	1.000	1.600	1.700	1.700	1.800
	4. Direct Labour	0.525	1.000	1.200	1.400	1.600
	5. Other manufacturing expenses	0.000	0.000	0.000	0.000	0.000
	6. Depreciation	0.770	1.500	1.350	1.200	1.050
	Sub-total [1 + 6]	2.295	4.100	4.250	4.300	4.450
	7. Add: Opening stock in process	0.000	0.000	0.000	0.000	0.000
	Sub-total	2.295	4.100	4.250	4.300	4.450
	8. Less: Closing Stock in process	0.000	0.000	0.000	0.00	0.00
	Cost of Production	2.295	4.100	4.250	4.300	4.450
	9. Add: Opening stock of finished goods	0.000	0.000	0.000	0.00	0.00
	Sub-total	2.295	4.100	4.250	4.300	4.450
	10. Less: Closing Stock of finished goods	0.000	0.000	0.000	0.00	0.00
	Cost of Sales	2.295	4.100	4.250	4.300	4.450
6	Selling, General & Administrative Expenses	4.800	7.000	7.800	8.200	8.500
7	Sub-total	7.095	11.100	12.050	12.500	12.950
8	Operating Profit before Interest	0.405	3.900	4.950	5.000	5.050
9	Interest	0.015	1.800	1.600	1.400	1.100
10	Operating Profit after Interest	0.390	2.100	3.350	3.600	3.950
11	1. Add: Other Non-Operating Income	1.200	0.700	0.700	0.700	0.800
	2. Deduct: Other Non-Operating Expenses	0.000	0.000	0.000	0.000	0.000
	3. Net off Other Non-Operating Income/ Expenses [Net off]	1.200	0.700	0.700	0.700	0.800
12	Profit before Tax	1.590	2.800	4.050	4.300	4.750
13	Provision for Taxes	0.477	0.840	1.215	1.290	1.425
14	Net Profit [14-15]	1.113	1.960	2.835	3.010	3.325
15	Equity Dividend Paid	0.000	0.000	0.000	0.000	0.000
	Dividend Rate	0.000	0.000	0.000	0.000	0.000
16	Retained Profit [16-17]	1.113	1.960	2.835	3.010	3.325
17	Retained Profit / Net Profit (%age)	--	--	--	--	--

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

ANALYSIS OF BALANCE SHEET

(RS. IN MILLION)

SR. NO.	PARTICULARS	2016	2017	2018	2019	2020
		[PROJECTION]
	CURRENT LIABILITIES
1	Short term borrowings from banks
	From Applicant Bank	0.000	0.000	0.000	0.000	0.000
	From Other Bank	0.000	0.000	0.000	0.000	0.000
	(Of which BP and BD)	0.000	0.000	0.000	0.000	0.000
	Sub Total (A)	0.000	0.000	0.000	0.000	0.000
2	Short term borrowings from others	0.000	0.000	0.000	0.000	0.000
3	Sundry Creditors - Trade	1.750	3.800	3.500	3.600	3.000
4	Advance payments from customers/ deposits from dealers	0.050	0.100	0.120	0.140	0.145
5	Provision for Taxation	0.477	0.840	1.215	1.290	1.425
6	Dividend Payable	0.000	0.000	0.000	0.000	0.000
7	Other Statutory Liabilities	0.065	0.125	0.246	0.265	0.280
8	Deposits/Instalments of term loan/ DPGs/ Debentures etc. (due within one year)	0.000	0.000	0.000	0.000	0.000
9	Other Current Liabilities & Provisions (due within one year)	0.120	0.225	0.245	0.250	0.260
	Sub Total [B]	2.462	5.090	5.326	5.545	5.110
10	TOTAL CURRENT LIABILITIES	2.462	5.090	5.326	5.545	5.110
	TERM LIABILITIES
11	Debentures [not maturing within one year]	0.000	0.000	0.000	0.000	0.000
12	Preference Shares (redeemable after one year)	0.000	0.000	0.000	0.000	0.000
13	Term loans [Excluding Inst. Payable within 1 year]	15.000	13.100	11.300	9.400	7.500
14	Deferred Payment Credits (excl. instalments due within one year)	0.000	0.000	0.000	0.000	0.000
15	Term Deposits (repayable after one year)	2.000	2.000	2.000	2.000	2.000
16	Other Term Liabilities:	0.000	0.000	0.000	0.000	0.000
17	Total Term Liabilities	17.000	15.100	13.300	11.400	9.500
18	Total Outside Liabilities	19.462	20.190	18.626	16.945	14.610
	NET WORTH
19	Ordinary Share Capital	4.999	4.999	4.999	4.999	4.999
20	General Reserve	0.000	0.000	0.000	0.000	0.000
21	Revaluation Reserve	0.000	0.000	0.000	0.000	0.000
22	Other Reserves (excluding provisions)	0.000	0.000	0.000	0.000	0.000
23	Surplus (+) or deficit (-) in Profit & Loss Account	7.566	9.526	12.361	15.371	18.696
24	NETWORTH	12.565	14.525	17.360	20.370	23.695
25	TOTAL LIABILITIES	32.027	34.715	35.986	37.315	38.305
	CURRENT ASSETS
26	Cash & Bank balances	0.653	0.641	0.762	1.541	1.731
27	Investments [other than long term investments eg. Sinking fund etc.]
	- Govt. and other trustee securities	0.000	0.000	0.000	0.000	0.000
	- Fixed Deposits with banks	0.000	0.000	0.000	0.000	0.000
28	Receivables other than Deferred and Export	3.400	7.000	8.000	9.250	9.500
	Export Receivables	0.000	0.000	0.000	0.000	0.000
29	Installments of deferred receivables [due within 1 year]	0.000	0.000	0.000	0.000	0.000
30	Inventory
	(i) Raw materials	0.000	0.000	0.000	0.000	0.000
	(ii) Stock-in-process	0.000	0.000	0.000	0.000	0.000
	(iii) Finished Goods	0.000	0.000	0.000	0.000	0.000
	(iv) Other consumable spares	0.000	0.000	0.000	0.000	0.000
31	Advance to suppliers of Raw materials & stores/spares	0.000	0.000	0.000	0.000	0.000
32	Advance payment of taxes	0.400	0.700	1.000	1.200	1.300
33	Other current assets	1.200	1.500	1.700	2.000	2.500
34	TOTAL CURRENT ASSETS	5.653	9.841	11.462	13.991	15.031
	FIXED ASSETS
35	Gross Block	38.078	38.078	39.078	39.078	40.078
36	Depreciation to date	11.704	13.204	14.554	15.754	16.804
37	Net Block (35-36)	26.374	24.874	24.524	23.324	23.274
	OTHER NON-CURRENT ASSETS
38	Investments/book debts /advances deposits which are not current assets	0.000	0.000	0.000	0.000	0.000
39	Non-Consumable Stores/ Spares	0.000	0.000	0.000	0.000	0.000
40	Other Non-Current Assets	0.000	0.000	0.000	0.000	0.000
41	Total Other Non-Current Assets (Total of 38 to 40)	0.000	0.000	0.000	0.000	0.000
42	Intangible assets	0.000	0.000	0.000	0.000	0.000
43	Total Assets (Total of 34, 37, 41 & 42)	32.027	34.715	35.986	37.315	38.305
44	Tangible Net worth	12.565	14.525	17.360	20.370	23.695
45	Net Working Capital [(17+24) – (37+41+42) (Tally with (34-10)]	3.191	4.751	6.136	8.446	9.921
46	Current Ratio	2.30	1.93	2.15	2.52	2.94
47	Total Outside Liab./ Tangible Networth (18+44)	1.55	1.39	1.07	0.83	0.62

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

POSITION REGARDING CURRENT ASSETS AND CURRENT LIABILITIES

(RS. IN MILLION)

SR. NO.	PARTICULARS	2016	2017	2018	2019	2020
		[PROJECTION]
	CURRENT ASSETS
1	Cash and Bank Balance	0.653	0.641	0.762	1.541	1.731
2	Investments
	- Govt. and other trustee securities	0.000	0.000	0.000	0.000	0.000
	- Fixed Deposits with banks	0.000	0.000	0.000	0.000	0.000
3	- Receivables other than Deferred and Export	3.400	7.000	8.000	9.250	9.250
	- Export Receivables	0.000	0.000	0.000	0.000	0.000
4	Installments of deferred receivables [due within 1 year]	0.000	0.000	0.000	0.000	0.000
5	Inventory
	(i) Raw materials (including stores and other items in process of manufacture)	0.000	0.000	0.000	0.000	0.000
	(ii) Stock-in-process	0.000	0.000	0.000	0.000	0.000
	(iii) Finished Goods	0.000	0.000	0.000	0.000	0.000
	(iv) Other consumable spares	0.000	0.000	0.000	0.000	0.000
6	Advance to suppliers of Raw materials & stores/spares	0.000	0.000	0.000	0.000	0.000
7	Advance payment of taxes	0.400	0.700	1.000	1.200	1.300
8	Other current assets	1.200	1.500	1.700	2.000	2.500
	TOTAL CURRENT ASSETS	5.653	9.841	11.462	13.991	15.031
	CURRENT LIABILITIES
1	Short term borrowings from banks
	From Applicant Bank	0.000	0.000	0.000	0.000	0.000
	From Other Bank	0.000	0.000	0.000	0.000	0.000
	(of which BP and BD)	0.000	0.000	0.000	0.000	0.000
	Sub Total (A)	0.000	0.000	0.000	0.000	0.000
2	Short term borrowings from others	0.000	0.000	0.000	0.000	0.000
3	Sundry Creditors - Trade	1.750	3.800	3.500	3.600	3.000
4	Advance payments from customers/ deposits from dealers	0.050	0.100	0.120	0.140	0.145
5	Provision for Taxation	0.477	0.840	1.215	1.290	1.425
6	Dividend Payable	0.000	0.000	0.000	0.000	0.000
7	Other statutory liabilities (due within one year)	0.065	0.125	0.246	0.265	0.280
8	Deposits/Instalments of term loan/ DPGs/ Debentures etc. (due within one year)	0.000	0.000	0.000	0.000	0.000
9	Other current liabilities & Provisions	0.120	0.225	0.245	0.250	0.260
	Sub Total	2.462	5.090	5.326	5.545	5.110
10	TOTAL CURRENT LIABILITIES	2.462	5.090	5.326	5.545	5.110
	WORKING CAPITAL GAP	3.191	4.751	6.136	8.446	9.921

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

CASH FLOW STATEMENT

(RS. IN MILLION)

PARTICULARS	2016	2017	2018	2019	2020
	[PROJECTION]
SOURCES OF FUND
Net Profit before Taxes with Interest added	1.605	4.600	5.650	5.700	5.850
Capital	0.000	0.000	0.000	0.000	0.000
Deposit	1.889	0.000	0.000	0.000	0.000
Bank Borrowings	15.000	0.000	0.000	0.000	0.000
Depreciation	0.770	1.500	1.350	1.200	1.050
Increase / (Decrease) in Current Liabilities	0.104	2.628	0.236	0.219	(0.435)
Total	19.368	8.728	7.236	7.119	6.465
USES
Increase in Fixed Assets	22.500	0.000	1.000	0.000	1.000
Increase in Current Assets	0.185	4.200	1.500	1.750	0.850
Interest	0.015	1.800	1.600	1.400	1.100
Payment of Taxes	0.477	0.840	1.215	1.290	1.425
Repayment of Bank Term Loan	0.000	1.900	1.800	1.900	1.900
Decrease in Current Liabilities	0.000	0.000	0.000	0.000	0.000
Total	23.177	8.740	7.115	6.340	6.275
Opening Balance	4.462	0.653	0.641	0.762	1.541
Surplus/ Deficit	(3.810)	(0.012`)	0.121	0.779	0.190
Closing Balance	0.653	0.641	0.762	1.541	1.731

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

NETWORTH STATEMENT

MR. DEVENDRA N. PRAJAPATI

(RS. IN MILLION)

BANK A/C

BANK	BRANCH	S/B, C/D A/C
Bank of India	Sabarmati Branch	201410110005726

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own / Joint name	Area	Free hold or Lease hold	Location/ address	Purchase Cost	Present Value	Whether encumbered (Give details)
Non Agri. Land
i. Commercial	--	--	--	--	--	--	--
ii. Residential	Joint	1663 Sq. Mt.	Free	5 B. Nalaji Kutir, Adalaj	41.300 [Approx.]	42.500	Yes (BOI)
Flat / House	Joint	165 Sq. yds.	Free	C 203, Ashutosh Apartment, Naranpura	--	0.080	--
Agri. Land	--	--	--	--	--	--	--
Others	--	--	--	--	--	--	--

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC	873391343	28.03.2006	5.000	0.248	0.248
LIC	872776633	28.07.2000	0.100	0.008	0.113
LIC	830269356	28.03.1991	0.050	0.002	0.058

SHARES / DEBENTURES / MUTUAL FUND ETC.

Name of Company	Scheme	Whether fully paid (Yes/No)	Current Market value (Rs. In Million)
--	1263216 / 2	--	0.632

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

Bond/ Certificate No.	Nature of Securities	Amount
PPF.645	Bank of India	0.526 [As on 31.03.2015]

VEHICLES

Type of Vehicle	Registration No.	Model	Cost at the time of Purchase	Present value
Audi	GJ1 RB 3002	2012	4.331	2.894
XUV 500	GJ 18 BB 3002	2012	1.462	0.897
Cedia Car	GJ 14 R 3002	2008	--	0.293

JEWELLERY

	Quantity	Valuation
Gold / Silver/ Others	110 Gm	0.300

CAPITAL INVESTED IN BUSINESS

Name of Firm/Company	Amount
N K Enterprises	7.744 [As on 31.03.2015]

LIABILITIES

Borrowed from	Purpose of Loan	Amount of Loan	Security	Outstanding Balance
Bank of India	CC	4.500	Stock	3.265 [As on 31.03.2015]

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Devendra Prajapati	Business	Self	54	Married	5 B Balaji Kutir, Adalaj, Gandhinagar
Jyotiben Prajapati	Housewife	Wife	53	Married
Soham	Business	Son	28	Unmarried
Mansi	Student	Daughter	23	Unmarried

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

NETWORTH STATEMENT

MR. NARESH N. PRAJAPATI

(RS. IN MILLION)

BANK A/C

BANK	BRANCH	S/B, C/D A/C
Bank of India	Sabarmati Branch	201410100016245

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own / Joint name	Area	Free hold or Lease hold	Location/ address	Purchase Cost	Present Value	Whether encumbered (Give details)
Non Agri. Land
i. Commercial	--	--	--	--	--	--	--
ii. Residential	Joint	120 Sq. Mt.	Free	1 Aavkar Villa, New C.G. Road	--	20.000	--
Flat / House	Own	--	Free	2, Rasdeep Society, Sabarmati	--	4.500	--
Agri. Land	Joint	1542 Sq. Mt.	--	Plot 41B TP 44	--	32.300	--
Others	--	--	--	--	--	--	--

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC	835091069	28.03.2006	2.000	0.158	1.576
LIC	873390803	28.03.2006	2.000	0.086	0.859
LIC	17395935	25.01.2013	0.500	0.050	0.150

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

Bond/ Certificate No.	Nature of Securities	Amount
PPF	Bank of India – 647	0.363 [As on 31.03.2015]

VEHICLES

Type of Vehicle	Registration No.	Model	Year to make	Cost at the time of Purchase	Present value
Car	GJ 01 KA 4002	Sonata	2009	1.600	0.500
Car	GJ 01 RO 4002	Honda City	2013	1.098	0.799

JEWELLERY

	Quantity	Valuation
Gold / Silver / Others	--	0.300

CAPITAL INVESTED IN BUSINESS

Name of Firm/Company	Amount
N K Bricks	4.100 [As on 31.03.2015]

LIABILITIES

Borrowed from	Purpose of Loan	Amount of Loan	Security	Outstanding Balance
Bank of India	CC	4.500	Stock	4.277 [As on 31.03.2015]

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Naresh Prajapati	Business	Self	52	Married	1, Aavkar Villa, New C.G. Road, Ahmedabad - 382421
Savitaben Prajapati	Service	Wife	52	Married
Nisarg	Business	Son	25	Unmarried
Samarth	Student	Son	18	Unmarried

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

NETWORTH STATEMENT

MR. MAHESH N. PRAJAPATI

(RS. IN MILLION)

BANK A/C

BANK	BRANCH	S/B, C/D A/C
Bank of India	Sabarmati Branch	201410100024617

DETAILS OF ASSETS

IMMOVABLE PROPERTY

Assets	Own / Joint name	Area	Free hold or Lease hold	Location/ address	Purchase Cost	Present Value	Whether encumbered (Give details)
Non Agri. Land
i. Commercial	--	--	--	--	--	--	--
ii. Residential	--	--	--	--	--	--	--
Flat / House	Joint	508.60	Free	Sarthak Ghar 3, Chandkheda, TP 44, Ahmedabad	7.400	10.000	--
Agri. Land	Joint	1543 Sq. Mt.	--	Swa. Plot 41A, Chandkheda	32.300	32.300	--
	Joint	--	--	--	14.966	--	--
Others	--	--	--	--	--	--	--

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC	873390421	28.03.2006	5.000	0.204	2.045
LIC	830269436	10.12.1990	0.050	0.002	0.052

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

Bond/ Certificate No.	Nature of Securities	Amount
PPF	Bank of India – 648	0.344 [As on 31.03.2015]

VEHICLES

Type of Vehicle	Registration No.	Model	Year to make	Present value
Car	GJ 18 AA 9002	Accent	2003	0.090
Car	XUV GJ 1 KS 9005	--	2012	0.916
Car	GJ 11 KA 9005	I-10	2009	0.200

JEWELLERY

	Quantity	Valuation
Gold / Silver / Others	--	0.300

CAPITAL INVESTED IN BUSINESS

Name of Firm/Company	Amount
N K Corporation	2.800 [As on 31.03.2015]

LIABILITIES

Borrowed from	Purpose of Loan	Amount of Loan	Security
Bank of India	CC	4.500	Stock
Bank of India	Plot		House / Plot

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Mahesh Prajapati	Business	Self	50	Married	1, Shubh Laxmi Society, Highway, Sabarmati, Ahmedabad - 380005
Hansaben Prajapati	Housewife	Wife	48	Married
Neel	Business	Son	24	Unmarried
Shivani	Student	Daughter	18	Unmarried

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

NETWORTH STATEMENT

MR. SOHAM D. PRAJAPATI

(RS. IN MILLION)

BANK A/C

BANK	BRANCH	S/B, C/D A/C
Bank of India	Sabarmati Branch	201410100032741
Bank of India	Sabarmati Branch	201420110000345

DETAILS OF ASSETS

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC	872776646	28.07.2000	0.200	0.012	0.183

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

Bond/ Certificate No.	Nature of Securities	Amount
PPF	Bank of India – 649	0.875 [As on 31.03.2015]

VEHICLES

Type of Vehicle	Registration No.	Year to make	Present value
Truck	G 2A 5499	1988
	G 2A 7038	1989	1.000 to 1.200 Million
	GJ 1U6966	1992
	GJ 18 AU 9034	2011

CAPITAL INVESTED IN BUSINESS: SOHAM CARGO

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Devendra Prajapati	Business	Father	54	Married	5 B Balaji Kutir, Adalaj, Gandhinagar
Jyotiben Prajapati	Housewife	Mother	53	Married
Soham	Business	Self	28	Unmarried
Mansi	Student	Sister	23	Unmarried

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

NETWORTH STATEMENT

MR. NISARG N. PRAJAPATI

(RS. IN MILLION)

BANK A/C

BANK	BRANCH	S/B, C/D A/C
Bank of India	Sabarmati Branch	SB 201410110004964
Bank of India	Sabarmati Branch	CA 201420110000331

DETAILS OF ASSETS

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC	833376978	28.01.1998	0.050	0.005	0.050
LIC	850024037	28.05.1995	0.050	0.004	0.050

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

Bond/ Certificate No.	Nature of Securities	Amount
PPF	Bank of India	1.727 [As on 31.03.2015]

VEHICLES

Type of Vehicle	Registration No.	Year to make	Present value
Truck	--	1989
	GJ 1 U 6309	1991	1.500 Million
	GJ 18 5217	1997
	GJ 18 AU 8680	2011

CAPITAL INVESTED IN BUSINESS: S.N. TRANSPORT

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Naresh Prajapati	Business	Father	52	Married	1, Aavkar Villa, New C.G. Road, Ahmedabad - 382421
Savitaben Prajapati	Service	Mother	52	Married
Nisarg	Business	Self	25	Unmarried
Samarth	Student	Brother	18	Unmarried

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

NETWORTH STATEMENT

MR. NEEL M. PRAJAPATI

(RS. IN MILLION)

BANK A/C

BANK	BRANCH	S/B, C/D A/C
Bank of India	Sabarmati Branch	201410110002361
Bank of India	Sabarmati Branch	201426110000410

DETAILS OF ASSETS

MOVABLE PROPERTY

INSURANCE POLICIES

Name of Company & Branch	Policy No	Dt. of issue	Sum assured	Annual premium	Premium paid upto what period
LIC	838405270	10.10.2013	2.000	0.091	0.194

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

Bond/ Certificate No.	Nature of Securities	Amount
PPF	Bank of India	2.174 [As on 31.03.2015]

VEHICLES

Type of Vehicle	Registration No.	Year to make	Present value
Truck	GJ01T4950
	GJ01U6435		1.000 Million
	GJ1815452

CAPITAL INVESTED IN BUSINESS: SHIVANI TRANSPORT

LEGAL HEIRS / FAMILY PARTICULARS

Name	Occupation	Relation	Age	Marital Status	Address
Mahesh Prajapati	Business	Father	50	Married	1, Shubh Laxmi Society, Highway, Sabarmati, Ahmedabad - 380005
Hansaben Prajapati	Housewife	Mother	48	Married
Neel	Business	Self	24	Unmarried
Shivani	Student	Sister	18	Unmarried

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

VALUATION REPORT

(GENERAL DETAILS)

Purpose for which valuation is made

For, Bank of India, Sabarmati Branch, Ahmedabad

Date as on which valuation is made

23.10.2015

Name of the owners/ owner

Devendrabhai N. Prajapati, Nareshbhai N. Prajapati and Maheshbhai N. Prajapati

Name of Unit

Soham Cold Storage Private Limited

Name and Number of Contact person

Mr. Soham Prajapati [91-9879795179]

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

Soham Cold Storage Private Limited

Brief description of the property

The subject property is an industry located at developing commercial + surrounding agriculture area.

Location, street, ward No.

“Soham Cold Storage Private Limited”, Block No. 333, Opposite Tri Mandir, Near Adalaj – Kalol Mehsana Highway, Adalaj, Gandhinagar

Survey / Plot No. of Property

Survey No.: R.S. No. 243/1 and 243/2/p

Mouje; Adalaj

Taluka: City

District: Gandhinagar

Is the property situated in residential/ commercial/ mixed area/ industrial area?

The subject property is an industry located at developing commercial + surrounding agriculture area.

Classification of locality-high class, middle class/ poor class

Lower – Middle class locality

Proximity to civic amenities, like schools, hospitals, offices, markets, cinema etc.

Within 3 to 4 kms

Means and proximity to surface communication by the locality is served

By bus, auto rickshaw and private vehicle

LAND/ FLAT/ SHOP/ OFFICE

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

Boundaries	As per Document
East	Adalaj-Kalol Mehsana National Highway
West	Land of Block No. 330, 331 and 332
North	Approach Road and Tri Mandir
South	Land of Block No. 335

Area of Land

As per Document: Block No. 333: 9814.00 Sq. Mt. 11737.544 Sq. Yds.

Roads, street or lanes on which land is abutting

Near Adalaj-Kalol Mehsana National Highway

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

Owner occupied property

If lease hold, the name of lessor/ lessee, nature of lease, date of commencement and termination of lease and terms of renewal of lease

· Initial Premium

· Ground rent payable per annum

· Unearn increase payable to the lessor in the event of the convenient

NA

Are there any agreements of easements of? If so

NA

Does the land fall in an area included in any town planning plan of Govt. or any statutory body? If so

As per local authority

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

NA

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

No

IMPROVEMENTS

Furnish technical details of the building on a separate sheet.

As per Technical details

Is the building owner-occupied tenanted/ both?

Owner occupied at the time of visit

RENTS

Name of tenants/ lessees/ lionesses etc.

Portions in their occupation

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

Gross amount received for the whole property

NA

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

NA

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

NA

Give details of water and electricity charges? If any to be borne by the owner

Details not provided

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

NA

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

NA

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

NA

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

NA

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

Details not provided

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

Details not provided

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

NA

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

NA

SALES

Give instances of sales of immovable property in the locality on a separate sheet, indicating the name and address of the property, Regis no. sale price and area of land sold.

Reliable sale instance were not available at the time of visit.

Land rate adopted in this valuation

Rs. 6500.00 per Sq. Mt.

COST OF CONSTRUCTION

Years of commencement of construction and year of completion

2001

Age of building

14 years

Estimated future life of building

36 years (Subject to periodic maintenance)

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

NA

For items of work done on contract, produce copies of agreement

NA

For items of work done by engaging labour directly, Give basic rates of material and labour supported by documentary proof.

NA

TECHNICAL DETAILS

No of floors and height of each floor

Ground Floor

Year of Construction

2001

Estimated future life

36 Years [Subject to periodic maintenance]

Type of Construction

Load Bearing

Type of foundations

RCC foundation

Walls

· Basement and plinth

· Ground floor

· Super structure above ground floor

Brick / Stone Masonry

Partitions

Brick / Stone Masonry

Door and Windows (Floor-Wise)

Steel Gate + RO. Shutter

Flooring (Floor-wise)

IPS + Kata Stone Flooring

Finishing (Floor Wise)

Cement Plaster with Medium Quality Paint

Roofing and Terracing

GI Sheet + A/c Sheet + RCC Slab

Special Architectural or Decorative features, if any

NA

Sanitary Installations

Available

Compound Wall

Available

No. of lifts and capacity

Not Applicable

UG pump capacity and type of construction

Available

Overhead tank

Common Installation

Pumps and their horse power

Common Installation

Roads and paving within the compound, approximate area and type of paving

Yes

Sewage disposal – whether to public sewers. If septic tank provided, no. and capacity

Common Installation

PART II - VALUATION

LAND

Sr. No.	Description of Area	Area in Sq. Mt.	Rate per Sq. Mt.	Total Amount
1	Area of Land	9814.00	6500.00	63.791

CONSTRUCTION

Sr. No.	Particulars	Roof	Area in Sq. Mt.	Rate per Sq. Mt.	Total Amount
1	Main Cold Storage	RCC Slab	8764.42	1200.00	10.517
2	Drying Shed	GI Sheet	6514.00	400.00	2.606
3	Plant Room	GI Sheet	1253.97	600.00	0.752
4	D.G. Room	GI Sheet	423.08	600.00	0.254
5	Water Tank/ Open Land Flooring	--	L.S.	L.S.	1.200
6	Compound Wall	--	L.S.	L.S.	0.500
	Total Market Value of Construction				15.829

DESCRIPTION OF PARTICULAR BUILDING

Main Cold Storage
No. of Stories	Multistoried with Grill Columns
Type of construction	RCC frame structure
Type of Roofing	RCC Slab
Type of walls	Bricks/ stone masonry walls
Quality of Construction	Good
Type of floor tiles	High Quality Thermal Insulated Flooring
Type of paint	Normal Quality paint
Wall finishing	Cement plaster with white wash
Electrification	Open Electrification
Type of doors	Steel Ro. Shutter + Alu. Door with High Quality Thermal Insulation
Type of windows	No Windows
Drying Shed
No. of Stories	Ground Floor
Type of construction	Frame Structure
Type of Roofing	GI Sheet
Type of walls	No Side walls
Quality of Construction	Medium
Type of floor tiles	IPS flooring
Type of paint	No sidewalls
Wall finishing	No sidewalls
Electrification	Open Electrification
Type of doors	No door
Type of windows	No windows
Plant Room
No. of Stories	Ground Floor
Type of construction	Frame Structure
Type of Roofing	GI Sheet
Type of walls	Brick/ Masonry walls
Quality of Construction	Medium
Type of floor tiles	IPS flooring
Type of paint	Normal Quality Paint
Wall finishing	Cement Plaster with White Wash
Electrification	Open Electrification
Type of doors	--
Type of windows	--
D.G. Room
No. of Stories	Ground Floor
Type of construction	Frame Structure
Type of Roofing	GI Sheet
Type of walls	Brick/ Masonry walls
Quality of Construction	Medium
Type of floor tiles	IPS flooring
Type of paint	Normal Quality Paint
Wall finishing	Cement Plaster with White Wash
Electrification	Open Electrification
Type of doors	Steel Ro. Shutter
Type of windows	Steel Grill Windows

SO, THE PRESENT VALUE OF PROPERTY

Value of land	Rs. 63.791 Million
Value of Construction	Rs. 15.829 Million
Total	Rs. 79.620 Million
Say	Rs. 79.600 Million

Present Market Value	Rs. 79.600 Million
Realizable Value	Rs. 71.640 Million
Distress Value	Rs. 55.720 Million

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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	80013394	06/06/2001	14,000,000.00	BANK OF INDIA	SABARMATI BRANCH, SABARMATI, AHMEDABAD, GUJARAT - 380005, INDIA	-

CORPORATE INFORMATION

Subject is a private company domiciled in India and incorporated under provisions of the Companies Act, 1956. The company is engaged in Cold Storage activity.

FIXED ASSETS:

· Building

· Land Development

· Plant and Machinery

· Electric Installation

· Vehicle

· Furniture and Fixture

· Air Conditioner

· Computer

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 65.57
UK Pound	1	Rs. 101.13
Euro	1	Rs. 71.80

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	KAS
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

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

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

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