MIRA INFORM REPORT

Report No. :	347926
Report Date :	17.11.2015

IDENTIFICATION DETAILS

Name :	SARFARAZ DEVELOPERS
Registered Office :	FF 15-16, S. S. Avenue, Near Samarpan Bunglows, Vasna Tandalja Main Road, Vadodara – 390015, Gujarat
Tel. No.:	91-265-6567772
Country :	India
Financials (as on) :	31.03.2015 (Provisional)
Year of Establishment :	1994
Capital Investment / Paid-up Capital :	Rs. 83.565 Million
IEC No.:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Sole Proprietary Concern
Line of Business :	Builder and Developers
No. of Employees :	10 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject was established in the year 1994 as a proprietary firm by Mr. Haji Mohmadsafi A. Shaikh. It has satisfactory track record. The concern possesses a decent profile marked by adequate networth base along with fair liquidity and good profitability. Trade relations are fair. Business is active. Payment 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 – 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

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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. Hajimohmadsafi Abdulrehman Shaikh
Designation :	Proprietor
Contact No.:	91-7574092654
Date :	07.11.2015

LOCATIONS

Registered Office :	FF 15-16, S. S. Avenue, Near Samarpan Bunglows, Vasna Tandalja Main Road, Vadodara – 390015, Gujarat, India
Tel. No.:	91-265-6567772
Mobile No.:	91-7574092654 / 9998177881 (Mr. Hajimohmadsafi Abdulrehman Shaikh)
Fax No.:	Not Available
E-Mail :	Sarfarajdevelopers7771@yahoo.com
Location :	Owned
Site Office :	“Rezwan Flats”, Near Wadiwala School, Off Sunpharma Road, Tandalja, Vadodara, Gujarat, India
Location :	Owned

SOLE PROPRIETOR

Name :	Mr. Hajimohmadsafi Abdulrehman Shaikh
Designation :	Proprietor
Address :	401, S. S. Avenue, Near Basera Complex, Tandalja Main Road, Vadodara, Gujarat, India
Date of Birth/Age :	10.07.1962
Qualification :	Under Graduate
Experience :	20 Years
PAN No.:	ASCPS1485M

BUSINESS DETAILS

Line of Business :	Builder and Developers
Products / Services :	Real Estate Project
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Cash and Credit (30/60/90 days)
Purchasing :	Cash and Credit (30/60/90 days)

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Bharat Electricals
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Address :	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Name of Party	Contact No.:	Address
Arya Electricals	91-9913452541	167, Vishwamitri Township, Near Vishwamitri Railway Station, Vadodara, Gujarat, India
Krishna Trading Company	91-9725042236	A-102, Pinkal Flats, Near Deep Chamber, Manjalpur, Vadodara, Gujarat, India
Krishna Road Lines	91-9725042236	A-102, Pinkal Flats, Near Deep Chamber, Manjalpur, Vadodara, Gujarat, India
Shree Digvijay Cement Company Limited	91-288-2344092	--
Aditya Ceramic	91-9429533766	111, Swami Premdas Chamber, Behind Fatehgunj Post Office, Vadodara, Gujarat, India

• New Art Associates
• Velani Enterprises
• Sujal Adwartaise Private Limited
• Eyecon Animation Private Limited
• Shreeji Graphics

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

End Users

No. of Employees :

10 (Approximately)

Bankers :

Bank Name	The Jammu and Kashmir Bank Limited
Branch	Jetalpur Road, Vadodara, Gujarat, India
Person Name (With Designation)	P N Koul (Branch Head)
Contact Number	91-7600028477
Name of Account Holder	Sarfaraz Developers
Account Number	0329010100001060
Account Since (Date/Year of Account Opening)	24.01.2012
Average Balance Maintained (If Possible)	Rs.0.150 Million per day (Approximately)
Credit Facilities Enjoyed (If any)	Nil
Account Operation	Satisfactory
Remarks (If any)	The above information is given as per of our bank and bears no responsibility on the part of our bank or any of its officials.

Facilities :

Secured Loan	31.03.2015 (Rs. in Million) (Provisional)	31.03.2014 (Rs. in Million)
HDFC Bank	0.000	9.954
ICICI Bank	0.000	2.790
Magma Fincorp Limited	0.000	5.052
The Baroda Traders Loan Account	0.000	5.344
Jammu and Kashmir	0.000	0.000
Total	0.000	23.140

Auditors :
Name :	D G S M and Company Chartered Accountants
Address :	2 Nandanvan Co-operative Housing Society Limited, Behind Railway Station, Alkapuri, Vadodara, Gujarat, India
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

PROPRIETOR’S CAPITAL ACCOUNT

AS ON 31.03.2015 (Provisional)

Capital Investment :
Owned :	Rs.83.565 Million
Borrowed :	--
Total :	Rs.83.565 Million

PROPRIETOR’S CAPITAL ACCOUNT

AS ON 31.03.2014

(RS. IN MILLION)

Particulars	Amount	Particulars	Amount
To Drawings	0.305	By opening balance	14.515
To Income Tax paid	2.065	By Net Profit	11.034
To closing balance	23.179
Total	25.549		25.549

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2015 (Provisional)	31.03.2014	31.03.2013
1] Proprietor’s Capital Account		83.565	23.179	14.516
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		83.565	23.179	14.516
LOAN FUNDS
1] Secured Loans		0.000	23.140	2.930
2] Unsecured Loans		32.582	15.611	33.248
TOTAL BORROWING		32.582	38.751	36.178
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		116.147	61.930	50.694
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.215	11.604	8.282
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	126.965	58.588	85.869
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.175	20.273	7.327
	Other Current Assets	0.000	20.323	0.000
	Loans & Advances and Deposits	41.010	38.820	30.190
Total Current Assets		168.150	138.004	123.386
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	52.218	87.678	80.748
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.000	0.000	0.226
Total Current Liabilities		52.218	87.678	80.974
Net Current Assets		115.932	50.326	42.412
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		116.147	61.930	50.694

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015 (Provisional)	31.03.2014	31.03.2013
	SALES
	Income	145.000	103.405	86.314
	Other Income	0.000	0.360	0.227
	TOTAL	145.000	103.765	86.541
Less	EXPENSES
	Cost of Goods Sold	105.055	27.282	(15.070)
	Amount Refund	0.000	0.000	2.884
	Development Expenses	7.025	0.000	0.000
	Flat Cancel	0.000	2.950	0.000
	Service Tax	2.549	0.360	0.440
	Municipal Corporation Expenses	0.000	4.405	5.239
	Hardware Sanitary Pur.	0.000	4.519	4.120
	Soil Test Report	0.000	0.126	0.000
	Plywood Pur.	0.000	0.535	0.935
	Electronic Motor Pump	0.000	0.054	0.084
	Aluminium Pur.	0.000	0.166	0.359
	Cement Pur.	0.000	7.594	13.014
	Electric Mat Pur.	0.000	1.832	1.141
	Tiles Pur.	0.000	0.772	1.559
	Steel Pur.	0.000	8.443	24.815
	Marble Kota Stone Pur.	0.000	0.177	1.026
	Sand Pur.	0.000	4.261	0.000
	Soil Filing Expenses	0.000	0.069	0.067
	Reti Carting	0.000	0.000	5.234
	Sand Pur.	0.000	0.121	0.000
	B Kapchi Carting	0.000	0.732	2.335
	B Kapchi Pur.	0.000	0.822	2.265
	Bricks Pur.	0.000	1.983	1.320
	Bricks Carting	0.000	1.505	1.195
	Lift Materials	0.000	0.743	0.400
	Borwell Expenses	0.310	0.023	0.091
	J C B Rent	0.000	0.141	0.019
	Garden Expenses	0.151	0.077	0.013
	Labour Expenses	8.915	8.224	18.226
	Advertisement Expenses	0.000	1.473	0.000
	Furniture Pur.	0.000	0.200	0.000
	Electric Expenses (Apsara Skyline and S. S. Office)	0.799	0.585	0.000
	Opening Expenses	0.000	2.695	0.000
	Salary	2.750	0.849	0.818
	Computer	0.171	0.007	0.022
	Vehicle Petrol	0.199	0.138	0.000
	Vehicle Insurance	0.000	0.369	0.000
	Vehicle Loan Interest	0.000	0.896	0.000
	Stationery Expenses	0.151	1.454	0.471
	Telephone Expenses	0.071	0.065	0.036
	Advocate Fee	0.000	0.020	0.025
	Bank Commission	0.000	0.030	0.000
	Interest On Deposit	0.526	2.055	1.270
	Interest On TDS	0.076	0.000	0.000
	Travelling Expenses	0.052	0.000	0.000
	Home Loans Interest	0.000	0.175	0.000
	Vatav Kasar Expneses	0.035	0.000	0.000
	Shop Loan Interest	0.000	0.232	0.000
	TDS Late Charge	0.000	0.026	0.015
	Donation	0.201	0.112	0.067
	Office Expenses	0.250	0.114	0.114
	Vehicle Repairing Expenses	0.675	0.396	0.011
	Vehicle Carting Expenses	0.000	0.063	0.000
	Vehicle RTO Tax	0.000	0.546	0.000
	Loan Processing Expenses	0.000	0.238	0.000
	Medical Expenses	0.000	0.025	0.000
	Vehicle Booking Cancel	0.000	0.010	0.000
	Arcitec Fees	0.255	0.000	0.000
	Audit Fees	0.045	0.000	0.000
	Bank Charges	0.055	0.000	0.000
	Carting Expenses	0.321	0.000	0.000
	Financial Consulting Expenses	0.105	0.000	0.000
	Lift Repairing Expenses	0.157	0.000	0.000
	Material Carting Expenses	0.131	0.000	0.000
	Plotting charges	0.575	0.000	0.000
	Misc. Expenses	0.131	0.000	0.000
	Other Expenses	0.000	0.000	3.059
	Total	131.736	90.689	77.619
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	13.264	13.076	8.922
Less/ Add	DEPRECIATION/ AMORTISATION	0.033	2.042	1.459
	NET PROFIT/ (LOSS)	13.231	11.034	7.463

KEY RATIOS

PARTICULARS		31.03.2015 (Provisional)	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	9.12	10.67	8.65
Return on Total Assets (PBT/Total Assets}	(%)	7.88	8.74	6.78
Return on Investment (ROI) (PBT/Networth)		0.16	0.56	0.61
Debt Equity Ratio (Total Debt /Networth)		0.39	1.67	2.49
Current Ratio (Current Asset/Current Liability)		3.22	1.57	1.52

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015 (Provisional)
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Proprietor’s Capital Account	14.516	23.179	83.565
Reserves & Surplus	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	14.516	23.179	83.565
Secured Loans	2.930	23.140	0.000
Unsecured Loans	33.248	15.611	32.582
Total borrowings	36.178	38.751	32.582
Debt/Equity ratio	2.492	1.672	0.390

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	86.314	103.405	145.000
		19.801	40.225

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	86.314	103.405	145.000
Profit	7.463	11.034	13.231
	8.65%	10.67%	9.12%

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	No
18	Major suppliers	Yes
19	Major customers	No
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	No
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	No
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	---
33	Market information	---
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

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UNSECURED LOAN

(RS. IN MILLION)

PARTICULARS	31.03.2015 (Provisional)	31.03.2014
Sweta B Jadeja	32.582	1.060
Deena B Jadeja		1.060
Rohan Surjibhai Baranda		1.208
Mayank Surjibhai Baranda		1.196
A Associates		5.435
Steel Deposit		5.652
Total	32.582	15.611

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PROJECTED REPORT

PROVISIONAL AND PROJECTED BALANCE SHEET

(RS. IN MILLION)

SOURCES OF FUNDS		31.03.2018 (Provisional)	31.03.2017 (Projected)	31.03.2016 (Projected)
1] Capital Account		102.300	92.400	91.700
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		102.300	92.400	91.700
LOAN FUNDS
1] Secured Loans		0.000	44.500	132.500
2] Unsecured Loans		32.500	32.500	32.500
TOTAL BORROWING		32.500	77.000	165.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		134.800	169.400	256.700
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		106.900	56.045	0.245
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.125	127.454	286.583
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.145	0.210	0.200
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances, deposits	37.450	20.310	64.945
Total Current Assets		37.720	147.974	351.728
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	9.820	12.319	27.773
	Other Current Liabilities	0.000	22.300	67.500
	Provisions	0.000	0.000	0.000
Total Current Liabilities		9.820	34.619	95.273
Net Current Assets		27.900	113.355	256.455
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		134.800	169.400	256.700

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PROJECT REPORT

PROVISIONAL AND PROJECTED PROFIT AND LOSS ACCOUNT

(RS. IN MILLION)

	PARTICULARS	31.03.2018 (Provisional)	31.03.2017 (Projected)	31.03.2016 (Projected)
	SALES
	Income	210.000	234.800	180.000
	Other Income	0.000	0.000	0.000
	TOTAL	210.000	234.800	180.000
Less	EXPENSES
	Cost of goods sold	178.695	183.417	137.960
	Development Expense	1.250	9.125	8.750
	Service Tax	2.800	3.400	3.145
	Purchase Expenses	0.000	0.000	0.000
	Arcitec Fees	0.310	0.360	0.345
	Audit Fees	0.050	0.050	0.050
	Bank Charges	0.103	0.081	0.075
	Bank Expense	0.945	1.010	0.000
	Borewell Expense	0.145	0.230	0.325
	Carting Expense	0.015	0.229	0.225
	Computer Expense	0.045	0.080	0.076
	Donation	0.051	0.225	0.221
	Electric Expense (Apsara Sky Line)	0.525	0.385	0.345
	Electric Expense (S S Office)	0.000	0.316	0.312
	Financial Consulting Expense	0.022	0.125	0.110
	Garden Expense	0.025	0.155	0.125
	Interest on TDS	0.002	0.013	0.098
	Interest on Deposit	0.575	0.565	0.550
	Interest on Term Loans	2.200	13.400	6.400
	Lift Repairing Expense	0.103	0.075	0.065
	Loan Insurance Expense	0.185	0.000	0.000
	Lone Processing Expense	0.000	0.000	0.750
	Material Carting Expense	0.045	0.064	0.145
	Misc. Expense	0.032	0.045	0.136
	Office Expense	0.201	0.299	0.276
	Plotting Charges	0.046	0.125	0.101
	Salary Expense	2.445	2.427	2.553
	Stationary Expense	0.102	0.175	0.166
	Telephone And Mobile Expense	0.175	0.103	0.099
	Travelling Expense	0.076	0.185	0.075
	Vatav Kasar Expense	0.025	0.051	0.049
	Vehicle Petrol Expense	0.126	0.255	0.245
	Vehicle Repairing	0.056	0.802	0.799
	TOTAL	191.375	217.772	164.571
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	18.625	17.028	15.429
Less/ Add	DEPRECIATION/ AMORTISATION	0.125	0.028	0.029
	NET PROFIT/ (LOSS)	18.500	17.000	15.400

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NETWORTH STATEMENT

(RS. IN MILLION)

Particulars	Assets	Liabilities	Networth	Basis
Mr. Hajimohmadsafi Abdulrehman Shaikh (Proprietor)	331.400	64.700	266.700	CBD-23 dated 05.05.2015 duly verified by CA
Mrs. Shifikabanu Shafibhai Shaikh (Guarantor)	39.900	9.000	30.900
Asifbhai Abdulrehman Shaikh (Guarantor)	1.500	0.000	1.500
Mr. Sarfaraz Hajimohmad Safi Shaikh (Guarantor)	24.600	1.500	23.100

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VALUATION REPORT

VALUATION OF IMMOVABLE PROPERTY (OTHER THAN AGRICULTURAL LAND, PLANTATIONS, FORESTS, MINES AND QUARRIES)

[RS. IN MILLION]

GENERAL INFORMATION

Registered No.

---

Name of the registered valuer

---

Purpose for which valuation is made

Financial Purpose

Date of which valuation is made

16.06.2015

Name of owner

Mr. Haji Mohmadsafi Abdulrehman Shaikh (as per the sale deed No.BRA-3/ATA/468/2014) date : 16.01.2014

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

Individual Ownership

Brief Description of the property

The property under consideration is a residential flat (Pent House)

Location, Street, Ward No.

Flat No. 401, on 4th Floor, S S Avenue, Near Basera Duplex, Vasna – Tandalja Road, Vadodara

Survey/Plot no. of Land

Bearing R S No. 414, F P No.93, T P S No.22, Moje : Tandalja

East	T P Road after open space
West	Basera Duplex after open space
North	Ashiyana complex after open space and road
South	Basera Duplex after open space

Is the property situated in residential area?

Mixed Area

Classification of locality – High class / Middle class / Poor class

Middle class

Proximity to civic amenities like schools, Hospitals, offices, market, cinema etc.

Available within 3-4 km distance

Means and Proximity to surface communication by which the locality is served

By city bus service and hired vehicles.

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

No Available

Roads, Streets of lanes on which the land is abutting

Road

Is it freehold or leasehold land?

Freehold

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

No Available

Initial premium

--

Ground rent payable per annum

--

Unearned increase payable to the lessee in the event of sales to transfer

--

Is there any restrictive covenant in regard to use of land? If so, attach a copy of the covenant

No Available

Are there any agreement of easements if so, attach copies.

No Available

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

Yes, In T.P.S. No.22

Has any contribution been made towards or is any demand for contribution still outstanding.

No Available

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

No Available

Furnish technical details of the building on a separate sheet. (The annexure to this form may be used)

--

Is the building owner occupied / tenanted/ both

Owner occupied

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

No Available

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

Within permissible limits (impact fees paid)

Names of tenants / lessees / licenses etc.

No Available

--Portions in their occupation

No Available

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

No Available

--Gross amount received for whole property

No Available

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

No Available

If pump is installed, who has to bear the cost of maintenance and operation – owner tenant

No Available

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

No Available

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

No Available

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

No Available

Land rate adopted in this valuation

No Available

If Sale instances are not relied upon, the basis of arriving at the land rate?

No Available

Year of commencement of construction by contract and year of completion

2009-2010 (Rajachitthi No. Ward – 11/41/2009-10, Date:06.06.2009, (Impact order no. 1675/13-14)

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

No Available

For items of work done on contract produce copies of agreements.

No Available

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

No Available

VALUATION

CALCULATION

Area of construction : 5556 Sq.ft. (built up area) and 2540 Sq.ft. (Open terrace)

Cost of construction

· 5556 Sq.ft. (built up area) Sq.ft. * Rs.5000 per Sq.ft. = Rs.27.780 Million (1)

· 2540 Sq.ft. (built up area) Sq.ft. * Rs.1300 per Sq.ft. = Rs.3.302 Million (2)

Extra cost for luxurious, imported interiors, modular kitchen, artificial landscaping on terrace, etc. is Rs.34.000 Million (3)

Less : Depreciation for ½% per annum for the past life of 05ears @2.5% on construction (1 and 2)…..Limp sum = Rs.0.777 Million (4)

Adding : (1 + 2 + 3 + 4) i.e. comes out to be = Rs.64.305 Million

Thus in opinion Rs.60.305 Million i.e. fair reasonable value as on today.

Valuation Amount

Rs.64.305 Million

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

VALUATION REPORT

VALUATION OF IMMOVABLE PROPERTY (OTHER THAN AGRICULTURAL LAND, PLANTATIONS, FORESTS, MINES AND QUARRIES)

[RS. IN MILLION]

GENERAL INFORMATION

Purpose for which valuation is made

Financial Purpose

Date of which valuation is made

16.06.2015

Name of owner / owners(allottee)

Block No.202/1 – Mr. Mirutbhai Patel and others

Block No.186 – Mr. Melabhai Solanki and others

(Developers) Sarfaraz Developers

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

Owned by Sarfaraz Developers

Brief Description of the property

The property under consideration is a residential flat scheme

Location, Street, Ward No.

“Rizwan Flats”, 30 mt Sunpharma Road, Near Wadiwalaq School, Tandalja, Vadodara

Survey/Plot no. of Land

Bearing R S No. 186, Part Southern side and R. S. No.202/1 Moje : Tandalja

East	18.00 mt. wide road and R.S. No.184
West	R.S. No.199 and R.S. No.201
North	R.S. No.198 and R.S. No.186/p
South	R.S. No.202/2 and R.S. No.185

Is the property situated in residential area?

Residential Area

Classification of locality – High class / Middle class / Poor class

Middle class

Proximity to civic amenities like schools, Hospitals, offices, market, cinema etc.

Near by

Means and Proximity to surface communication by which the locality is served

By city bus service and hired vehicles.

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

= 80323 Sq.ft.

Roads, Streets of lanes on which the land is abutting

18.00 mt. wide raod

Is it freehold or leasehold land?

Freehold

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

No Available

Initial premium

--

Ground rent payable per annum

--

Unearned increase payable to the lessee in the event of sales to transfer

--

Is there any restrictive covenant in regard to use of land? If so, attach a copy of the covenant

No Available

Are there any agreement of easements if so, attach copies.

No Available

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

No

Has any contribution been made towards or is any demand for contribution still outstanding.

No Available

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

No Available

Furnish technical details of the building on a separate sheet. (The annexure to this form may be used)

--

Is the building owner occupied / tenanted/ both

Developer occupied

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

No Available

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

Within permissible limits (<1.80)

RENTS

Names of tenants / lessees / licenses etc.

No Available

--Portions in their occupation

No Available

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

No Available

--Gross amount received for whole property

No Available

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

No Available

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

No Available

Give details of water and electricity charges, If any to be born by the owner.

No Available

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

No Available

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

No Available

If pump is installed, who has to bear the cost of maintenance and operation – owner tenant

No Available

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

No Available

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

No Available

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

No Available

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

No Available

Land rate adopted in this valuation

Rs.2000 per sq.ft.

If Sale instances are not relied upon, the basis of arriving at the land rate?

No Available

Year of commencement of construction by contract and year of completion

2012-2013

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

Date 06.09.2012 (Construction ongoing, about 70% completed)

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

No Available

VALUATION

(RS. IN MILLION)

CALCULATION

Area of land : 80383 Sq.ft.

Area of Land Plot as per record : 13456 Sq.mt of R. S. No.186(P) and 202/1

Area of owner’s Plot : 5991.01 Sq.mt.

Net area available for construction of project : 13456 Sq.mt. – 5991.01 Sq.mt.= 7464.99 Sq.mt. (i.e. 80323 Sq.ft.)

Looking to the shap, size, frontage, location, etc. : Rs.2000/- per sq.ft. is fixed as fair and reasonable market value as on today.

Particulars	Description	Amount
Cost of Land	80323 Sq.ft. * Rs.2000/- per Sq.ft.	160.646
Cost of Construction		369.435
Less : Depreciation		Nil
Total		530.081

Total Valuation amount : Rs.530.081 Million

Realizable value

= Rs.424.064 Million

Distress value

= Rs.318.048 Million

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

VALUATION REPORT

VALUATION OF IMMOVABLE PROPERTY (OTHER THAN AGRICULTURAL LAND, PLANTATIONS, FORESTS, MINES AND QUARRIES)

[RS. IN MILLION]

GENERAL INFORMATION

Purpose for which valuation is made

Financial Purpose

Date of which valuation is made

16.06.2015

Name of owner / owners(allottee)

Mr. Mohmadsafi Abdulrehman Shaikh (as per the sale deed No.BRA-3/ATA/7652/2014) date : 24.06.2014 and as per the title clearance report dated 25.05.2015

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

Individual Ownership

Brief Description of the property

The property under consideration is four residential flats having joint sale deed

Location, Street, Ward No.

Flat No.B/707 (as per sale deed)(actually 707,708,709 and 710, all four), 7^th Floor, white house, Tandalja, Vadodara

Survey/Plot no. of Land

Bearing R S No. 438, F.P. No.152, T.P.S. No.22, Moje : Tandalja

East	Passage and stairs
West	Shobhna Nagar
North	Tower – A
South	Compound Wall

VALUATION

(RS. IN MILLION)

CALCULATION

Area of construction : 6345 Sq.ft. (Super built up area)

Looking to the Shape, size, frontage, location, etc.: Rs.4000/- per sq.ft. is fixed as fair and reasonable depreciated market rate as on today

Particulars	Description	Amount
Cost of Construction	6345 Sq.ft. * Rs.4000 per Sq.ft.	25.380
Less : Depreciation	(for ½% per annum for the past life of 15 years @7% on construction… Lump sum	1.776
Total		23.604

Total Valuation amount : Rs.23.604 Million

Realizable value

= Rs.21.243 Million

Distress value

= Rs.16.522 Million

Insurance

=Rs.6.345 Million

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

VALUATION REPORT

VALUATION OF IMMOVABLE PROPERTY (OTHER THAN AGRICULTURAL LAND, PLANTATIONS, FORESTS, MINES AND QUARRIES)

[RS. IN MILLION]

GENERAL INFORMATION

Purpose for which valuation is made

Financial Purpose

Date of which valuation is made

16.06.2015

Name of owner / owners(allottee)

Mr. Shafikabanu Mohmadsafi Shaikh (as per the sale deed No.BRA-3/ATA/11900/2014) date : 30.09.2014 and as per the title clearance report dated 25.05.2015

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

Individual Ownership

Brief Description of the property

The property under consideration is four residential flats having joint sale deed

Location, Street, Ward No.

Flat No. B/707 (as per sale deed)(actually 807,808,809 and 810, all four), 8^th Floor, white house, Tandalja, Vadodara

Survey/Plot no. of Land

Bearing R S No. 438, F.P. No.152, T.P.S. No.22, Moje : Tandalja

East	Passage and stairs
West	Shobhna Nagar
North	Tower – A
South	Compound Wall

VALUATION

(RS. IN MILLION)

CALCULATION

Area of construction : 6345 Sq.ft. (Super built up area)

Looking to the Shape, size, frontage, location, etc.: Rs.4000/- per sq.ft. is fixed as fair and reasonable depreciated market rate as on today

Particulars	Description	Amount
Cost of Construction	6345 Sq.ft. * Rs.4000 per Sq.ft.	25.380
Less : Depreciation	(for ½% per annum for the past life of 15 years @7% on construction… Lump sum	1.776
Total		23.604

Total Valuation amount : Rs.23.604 Million

Realizable value

= Rs.21.243 Million

Distress value

= Rs.16.522 Million

Insurance

=Rs.6.345 Million

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

VALUATION REPORT

VALUATION OF IMMOVABLE PROPERTY (OTHER THAN AGRICULTURAL LAND, PLANTATIONS, FORESTS, MINES AND QUARRIES)

[RS. IN MILLION]

GENERAL INFORMATION

Purpose for which valuation is made

Financial Purpose

Date of which valuation is made

16.06.2015

Name of owner / owners(allottee)

Mr. Shafikabanu Mohmadsafi Shaikh (as per the sale deed No.BRA-3/ATA/6002/2009) date : 10.07.2009 and Chukdurasti lekh No. BRA-3/ATA/1426 dated 30.01.2015

(Subject to TCR report of panel advocate)

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

Individual Ownership

Brief Description of the property

The property under consideration is an open plot of land leased to private company

Location, Street, Ward No.

Plot No. D-40, Sarfaraz Park, Near Darul Ulum Tandalja, Vadodara

Survey/Plot no. of Land

Bearing R S No. 383/2, T.P.S. No.23, F.P. No.40, Palki A/3, B/3, C/3, D/3, Moje : Tandalja

East	7.50 mt. road
West	Plot No. F-43
North	Plot No. E-19 of Sarfaraz Park – 2
South	Plot No. E-41

VALUATION

(RS. IN MILLION)

CALCULATION

Area of Land : 1250 Sq.ft. (116.12 Sq.mt.)

Particulars	Description	Amount
Cost of Land	1250 Sq.ft. * Rs.3500 per Sq.ft.	4.375
Less : Depreciation	(for ½% per annum for the past life of -- years @--% on construction… Lump sum	Not Available
Total		4.375

Total Valuation amount : Rs.4.375 Million

Realizable value

= Rs.3.937 Million

Distress value

= Rs.3.500 Million

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

VALUATION REPORT

VALUATION OF IMMOVABLE PROPERTY (OTHER THAN AGRICULTURAL LAND, PLANTATIONS, FORESTS, MINES AND QUARRIES)

[RS. IN MILLION]

GENERAL INFORMATION

Purpose for which valuation is made

Financial Purpose

Date of which valuation is made

16.06.2015

Name of owner / owners(allottee)

Mr. Haji Mohmadsafi Abdulrehman Shaikh (as per TCR)

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

Ownership of Mr. Hajimohmadsafi Abdulrehman Shaikh

Brief Description of the property

The property under consideration are commercial shops

Location, Street, Ward No.

Shop No. FF-8,9,10,11,12,13,14,15,16 on 1^st Floor, S.S. Avenue, Tandalja, Vadodara

Survey/Plot no. of Land

Bearing R S No. 414, F.P. No.93, T.P.S. No.22, Moje : Tandalja

VALUATION

(RS. IN MILLION)

CALCULATION

Area of construction: 1773 Sq.ft. (164.61 Sq.mt.)

Looking to the Shape, size, frontage, location, etc.: Rs.9000/- per sq.ft. is fixed as fair and reasonable depreciated market rate as on today

Particulars	Description	Amount
Depreciated Cost of Shop	1773 Sq.ft. * Rs.9000 per Sq.ft.	15.957
Total		15.957

Total Valuation amount : Rs.15.957 Million

Realizable value

= Rs.14.361 Million

Distress value

= Rs.11.169 Million

Insurance

= Rs.1.773 Million

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

VALUATION REPORT

[RS. IN MILLION]

Purpose for which valuation is made

For Financial Review by Bank

Date of which valuation is made

06.10.2015

Name of owner / owners(allottee)

Mr. Sarfaraz Haji Mohmadsafi Shaikh

Brief Description of the property

It is Commercial Premises- Shops (4 Shops) situated at Semi Basement, A Wing of White House admeasuring Total Super Built up area of Shop No. A/05 to A/08 is 5440.20 Sq.ft.

Location, Street, Ward No.

Shop No. A/05 to A/05, Semi Basement, A Wing, “White House” Near Bena Nagar Society, Vasna Main Road, Vadodara

Super Built up Area of Shops

Shops No.	Super Built up Area
A/05	2001.25
A/06	2001.25
A/07	797.40
A/08	640.30
Total	5440.20

Plinth Area

Shops No.	Super Built up Area
A/05	2001.25
A/06	2001.25
A/07	797.40
A/08	640.30
Total	5440.20

VALUATION

(RS. IN MILLION)

Total Super Built up Area	5440.20 Sq.ft.
Rate includes the value of all internal and external common amenities. (Flooring work was pending (75 % work as completed) i.e. Electrification work, Door and Window, Plumbing Work and Color Work, External and Internal amenities were pending / yet to be done) rate as per present stage	Rs.4200.00 per Sq.ft.
Fair Market Value	Rs.22.849 Million
Fair Market Value (Say)	Rs.23.000 Million
Realizable value	= Rs.17.000 Million
Distress Sale value	= Rs.160.000 Million
Jantry Value	Not Available

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

VALUATION REPORT

[RS. IN MILLION]

Purpose for which valuation is made

For Financial Review by Bank

Date of which valuation is made

06.10.2015

Name of owner / owners

Dhanraj Enterprises

Brief Description of the property

It is Commercial Premises- Shops (2 Shops) situated at Semi Basement, B Wing of White House admeasuring Total Super Built up area of Shop No. B/01 is 1056.00 Sq.ft. B/02 is 1056.00 Sq.ft.

Location, Street, Ward No.

Shop No. B/01 and B/02, Semi Basement, A Wing, “White House” Near Bena Nagar Society, Vasna Main Road, Vadodara

Super Built up Area of Shops

Shops No.	Super Built up Area
B/01	1056.00
B/02	1056.00
Total	2112.00

Plinth Area

Shops No.	Super Built up Area
B/01	1056.00
B/02	1056.00
Total	2112.00

VALUATION

(RS. IN MILLION)

Total Super Built up Area	2112.00 Sq.ft.
Rate includes the value of all internal and external common amenities. (Flooring work was pending (75 % work as completed) i.e. Electrification work, Door and Window, Plumbing Work and Color Work, External and Internal amenities were pending / yet to be done) rate as per present stage	Rs.3300.00 per Sq.ft.
Fair Market Value	Rs.6.969 Million
Fair Market Value (Say)	Rs.7.000 Million
Realizable value	= Rs.5.250 Million
Distress Sale value	= Rs.4.900 Million
Jantry Value	Not Available

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

VALUATION REPORT

[RS. IN MILLION]

Purpose for which valuation is made

For Financial Review by Bank

Date of which valuation is made

06.10.2015

Name of owner / owners

Dhanraj Enterprises

Brief Description of the property

It is Residential Flats situated at flat No. G.F. A/7 at Ground Floor, Flat No. A/108 to A/110 at First Floor, Flat No. A/308 at Third Floor, Flat No.A/407 and A/408 at Fourth Floor, Flat No .A/507 at Fifth Floor, Flat No. A/607 and A/608 at Sixth Floor, B Wing, “ White House” admeasuring total super built up area of all flats is 16301.00 Sq.ft.

Location, Street, Ward No.

Flat No. G.F. A/7 at Ground Floor, Flat No. A/108 to A/110 at First Floor, Flat No. A/308 at Third Floor, Flat No.A/407 and A/408 at Fourth Floor, Flat No.A/507 at Fifth Floor, Flat No. A/607 and A/608 at Sixth Floor, B Wing, “White House” Near Bena Nagar Society, Vasna Main Road, Vadodara

Super Built up Area / Plinth Area

Flat No.	Super Built up Area
Ground Floor A/07	1485.00
Flat No. A/108	1721.00
Flat No. A/109	1485.00
Flat No. A/110	1485.00
Flat No. A/308	1721.00
Flat No. A/407	1654.00
Flat No. A/408	1721.00
Flat No. A/507	1654.00
Flat No. A/607	1654.00
Flat No. A/608	1721.00
Total	16301.00

VALUATION

(RS. IN MILLION)

Total Super Built up Area (Flat No. G.F. A/07, A/109, A/110, A/308, A/407 and A/408, A/507, A/607 and A/608)	14580.000 Sq.ft.
Rate includes the value of all internal and external common amenities. (Flooring work was pending (75 % work as completed) i.e. Electrification work, Door and Window, Plumbing Work and Color Work, External and Internal amenities were pending / yet to be done) rate as per present stage	Rs.3000.00 per Sq.ft.
Fair Market Value	Rs.43.740 Million
Fair Market Value (Say)… [A]	Rs.43.700 Million
Realizable value	= Rs.37.000 Million
Distress Sale value	= Rs.35.000 Million
Jantry Value	Not Available

VALUATION

(RS. IN MILLION)

Total Super Built up Area (Flat No.A108 complete finished condition)	1721.000 Sq.ft.
Rate includes the value of all internal and external common amenities. (Flooring work was pending (75 % work as completed) i.e. Electrification work, Door and Window, Plumbing Work and Color Work, External and Internal amenities were pending / yet to be done) rate as per present stage	Rs.3500.00 per Sq.ft.
Fair Market Value	Rs.6.024 Million
Fair Market Value (Say)… [B]	Rs.6.020 Million
Realizable value	= Rs.5.100 Million
Distress Sale value	= Rs.4.800 Million
Jantry Value	Not Available
Total Fair Market Value of all flats [A+B] (say)	Rs.49.500 Million
Total Realizable value	Rs.41.000 Million

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

VALUATION REPORT

[RS. IN MILLION]

Purpose for which valuation is made

For Financial Review by Bank

Date of which valuation is made

06.10.2015

Name of owner / owners

Mr. Hajimohmadsafi Abdulrehman Shaikh

Brief Description of the property

It is Commercial Premises – Shops situated at Semi Basement, A Wing, “White House” admeasuring total super built up area of all Shop No. A/01 to A/04 is 2972.10 Sq.ft.

Location, Street, Ward No.

Shop No. A/01 to A/04, Semi Basement, A Wing, “White House” Near Bena Nagar Society, Vasna Main Road, Vadodara

Super Built up Area / Plinth Area

Shop No.	Super Built up Area
A/01	682.15
A/02	803.90
A/03	803.90
A/04	682.15
Total	2972.10

VALUATION

(RS. IN MILLION)

Total Super Built up Area	2972.10 Sq.ft.
Rate includes the value of all internal and external common amenities. (Flooring work was pending (75 % work as completed) i.e. Electrification work, Door and Window, Plumbing Work and Color Work, External and Internal amenities were pending / yet to be done) rate as per present stage	Rs.4200.00 per Sq.ft.
Fair Market Value	Rs.12.483 Million
Fair Market Value (Say)	Rs.12.500 Million
Realizable value	= Rs.9.000 Million
Distress Sale value	= Rs.8.500 Million
Jantry Value	Not Available

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

VALUATION REPORT

[RS. IN MILLION]

Purpose for which valuation is made

For Financial Review by Bank

Date of which valuation is made

06.10.2015

Name of owner / owners

Mr. Sarfaraz Haji Mohmadsafi Shaikh

Brief Description of the property

It is Residential Flats situated at Eight Floor, A Wing, “White House” admeasuring total super built up area of Flat No. A/804 is 905.00 Sq.ft. and Flat No. A/805 is 1000.00 Sq.ft.

Location, Street, Ward No.

Flat No. A/804 and A/805, Eight Floor, A Wing, “White House” Near Bena Nagar Society, Vasna Main Road, Vadodara

Super Built up Area / Plinth Area

Flat No.	Super Built up Area
A/804	905.00
A/805	1000.00
Total	1905.00

VALUATION

(RS. IN MILLION)

Flat No. A/804, Eight Floor, A Wing

Total Super Built up Area	905.00 Sq.ft.
Rate includes the value of all internal and external common amenities.	Rs.3500.00 per Sq.ft.
Fair Market Value	Rs.3.168 Million
Fair Market Value (Say)	Rs.3.150 Million
Realizable value	= Rs.2.675 Million
Distress Sale value	= Rs.2.500 Million
Jantry Value	Not Available

VALUATION

(RS. IN MILLION)

Flat No. A/805, Eight Floor, A Wing

Total Super Built up Area	1000.00 Sq.ft.
Rate includes the value of all internal and external common amenities.	Rs.3500.00 per Sq.ft.
Fair Market Value	Rs.3.500 Million
Fair Market Value (Say)	Rs.3.500 Million
Realizable value	= Rs.2.975 Million
Distress Sale value	= Rs.2.800 Million
Jantry Value	Not Available

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

VALUATION REPORT

[RS. IN MILLION]

Purpose for which valuation is made

For Financial Review by Bank

Date of which valuation is made

06.10.2015

Name of owner / owners

Mr. Hajimohmadsafi Abdul Rehman Shaikh

Brief Description of the property

It is Residential Flats situated at First Floor, A Wing, “White House” admeasuring total super built up area of Flat No. 103 is 1335.00 Sq.ft. and Flat No. 104 is 1000.00 Sq.ft.

Location, Street, Ward No.

Flat No. A/103 and A/104, First Floor, A Wing, “White House” Near Bena Nagar Society, Vasna Main Road, Vadodara

Super Built up Area / Plinth Area

Flat No.	Super Built up Area
A/103	1335.00
A/104	1000.00
Total	2335.00

VALUATION

(RS. IN MILLION)

Flat No. A/103, First Floor, A Wing

Total Super Built up Area	1335.00 Sq.ft.
Rate includes the value of all internal and external common amenities.	Rs.3500.00 per Sq.ft.
Fair Market Value	Rs.4.673 Million
Fair Market Value (Say)	Rs.4.675 Million
Realizable value	= Rs.3.975 Million
Distress Sale value	= Rs.3.750 Million
Jantry Value	Not Available

VALUATION

(RS. IN MILLION)

Flat No. A/104, First Floor, A Wing

Total Super Built up Area	1000.00 Sq.ft.
Rate includes the value of all internal and external common amenities.	Rs.3500.00 per Sq.ft.
Fair Market Value	Rs.3.500 Million
Fair Market Value (Say)	Rs.3.500 Million
Realizable value	= Rs.2.975 Million
Distress Sale value	= Rs.2.800 Million
Jantry Value	Not Available

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

PROFILE

Security to be offered

( i ) Site Project Land worth of Rs. 25.00 Crores appx.

( ii ) Other Properties worth of Rs. 30.00 Crores appx.

(Additional over and above the site Project.)

Status of projects

The Projects Scheme is to construct 320 Flats of units as a whole. Out of that, 150 units has been booked and sold. The Project consist 50 pant House Units which cost is around Rs.3.500 Million each and other unit’s cost is Rs.2.000 Million

Experience in this field

The owner of this Project have such a vast experience in this line of business. He is working as a Builder and Developer since 20 Years. He has completed 10-11 Premium Projects till today namely as under:

- SARTAJ COMPLEX

- SAYHAAN RESIDENCY

- S. S. AVENUE

- SAIMA AVENUE

- PALM RESIDENCY

- SAFARAZ COMPLEX

- FAHIZA AVENUE

. A RESIDENCY

Runnig Projects

At Present Mr. Shafibhai is concentrating on following Projects:

(i) RIZWAN FLATS - 320 Units' worth of Rs. 800.000 Million (Residential Project)

At Present, 170 Units are yet to be sold ; which can be Mortgaged with the Bank.

(ii) APSARA SKY LINE - Commercial Project at front side and 400 Residential units at Back side of the land situated @ one of the prime location of Vadodara worth of Rs. 2500.000 Million.

PROJECT

Name and Address of Project	Year of Project	Type of project	Area of Project (Sq.ft.)	Project cost (Rs. in million)
Sarfaraz Park – 1, Tandalja, Vadodara	2003-04	Residential Tenaments	50000	50.000
Sarfaraz Park – II, Tandalja - vasana  Road, Vadodara	2005-06	Bunglows	25000	57.000
Sarfaraz Complex, Tandalja - Vasana  Road, Vadodara	2006-07	Residential Flats	22000	80.000
Saima Complex Tandalja - Vasana  Road, Vadodara	2006-07	Commercial and Residential	3000	30.000
Fahiza Avenue Tandalja Road, Vadodara	2007-08	Commercial and Residential	11000	50.000
Sartaj Complex Vasana Main   Road, Vadodara	2008-09	Commercial and Residential	11000	120.000
S.S. Avenue Tandalja Main  Road, Vadodara	2009-10	Commercial and Residential	17000	250.000
Palm Avenue Vasana Main  Road, Vadodara	2010-11	Residential Luxurious Flats	50000	300.000
White House, B Wing Vasana Main  Road, Vadodara	2011-12	Residential Flats	50000	350.000
Sahyan Residency Vasana Road, Vadodara	2011-12	Residential Flats	35000	240.000
Running Projects
Rizwan Flats Near Wadiwala School, Off near Sun Pharma Linked Road, Vadodara	2013	Residential Flats (320 Units)	95000	600.000
Apsara Skyline Pratap Nagar Main Road	2014	Commercial (300 Shops) and Residential (200 Flats)	150000	2000.000
Upcoming Projects
Rizwan Flats - II Off Sun Pharma Linked Road, Vadodara	2016	Residential 420 Flats	150000	1000.000

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.17
UK Pound	1	Rs.100.66
Euro	1	Rs.70.97

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	RAS
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
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	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	----
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.