MIRA INFORM REPORT

Report No. :	344659
Report Date :	29.10.2015

IDENTIFICATION DETAILS

Name :	RISHIKA CONSTRUCTION
Registered Office :	Plot No. 1, Anand Bazar, Mandi Chauraha, Mathura – 281001, Uttar Pradesh
Mobile No.:	91-9997716265 [Mr. Rajesh Nigam]
Country :	India
Financials (as on) :	31.03.2015
Date of Establishment :	07.01.1999
Capital Investment :	Rs. 38.257 Million
IEC No.:	Not Available
PAN No.: [Permanent Account No.]	AMHPS7960C
Legal Form :	Sole Proprietary Concern
Line of Business :	Civil Construction Contractors
No. of Employees :	15 (05 in Office and 10 in Factory) (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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 is a proprietorship concern established in the year 1999 by Mr. Sultan Singh. It is engaged in construction work for public work department of UP Government, Mathura Vrindavan Development Authority and for Irrigation department. The rating takes into consideration sound financial risk profile of the company marked by adequate networth base along with comfortable debt level in FY15. The concern has reported decent growth in its operating revenue base along with decent net profit in the year under consideration. Further, it has reported fair profit margin. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of aforesaid, the concern can be considered for business dealings with 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

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. Rajesh Nigam
Designation :	Accounts Manager
Contact No.:	91-9997716265
Date :	20.10.2015

LOCATIONS

Registered Office/ Factory :	Plot No. 1, Anand Bazar, Mandi Chauraha, Mathura – 281001, Uttar Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-9997716265 [Mr. Rajesh Nigam]
Fax No.:	Not Available
E-Mail :	sultansingh222@gmail.com
Location :	Owned

SOLE PROPRIETOR

Name :	Mr. Sultan Singh
Designation :	Proprietor
Address :	H. No. 94, Indraprastha Enclave, Near Hotel Goverdhan Palace, NH-2, Mathura, Uttar Pradesh, India
Date of Birth/Age :	25.12.1968
Qualification :	Graduate
Experience :	20 Years
PAN No.:	AMHPS7960C
Voter ID :	ZMY1320316

KEY EXECUTIVES

Name :	Mr. Rajesh Nigam
Designation :	Accounts Manager

BUSINESS DETAILS

Line of Business :	Civil Construction Contractors
Brand Names :	--
Agencies Held :	--
Exports :	--
Imports :	--
Terms :
Selling :	Credit [60 Days]
Purchasing :	Credit [30 Days]

GENERAL INFORMATION

Suppliers :

Reference:	Chaturvedi Automobiles
Name of the Person (Designation):	Mr. Harinandan Chaturvedi [Sales Department]
Contact Number:	91-9761758517
Since how long known:	12 Years
Maximum limit dealt:	As per requirement
Experience:	Payment Behaviour = Average Market Goodwill = Average Overall = Average
Remark	As claimed by Mr. Harinandan that the earlier the payment behaviour was delayed but now they are clearing their payment on time.

Reference:	H. P. Bharatpur Center
Name of the Person (Designation):	Mr. Rajkumar [Manager]
Contact Number:	91-9837995526
Since how long known:	6 Months
Maximum limit dealt:	As per requirement
Experience:	Payment Behaviour = Average Market Goodwill = Average Overall = Average
Remark	Company management is good, payment behaviour is also good.

· Shanker Road Carrier

Agra, Uttar Pradesh, India

Mr. Sanjay [91-9359159884]

· G.K. Grit Supplier

Bharatpur, Uttar Pradesh, India

Mr. Girish Lamba [91-9414023804]

· I.O.C.L.

Mathura, Uttar Pradesh, India

Mr. Rajesh Gupta [91-7251127117]

· Shiva Filling Station

Kheragarh, Uttar Pradesh, India

Mr. Veeresh [91-8449984883]

· Jai Durgey Bldg Mtrl

Mathura, Uttar Pradesh, India

Mr. Arvind [91-8273893825]

· K.D. Steel

Mathura, Uttar Pradesh, India

91-9837812808

· P.C.J. and Company

Agra, Uttar Pradesh, India

91-8979349110

Customers :

Government

· Construction Division-2, PWD, Agra

· Ex. Engg. Mant Branch Div. Ganga Canal, Mathura

· PD, PWD, Mathura

· CD-1, PWD, Mathura

· Mathura Vrindavan Development Authority, Mathura

No. of Employees :

15 (05 in Office and 10 in Factory) (Approximately)

Bankers :

Bank Name:	Bank of India
Branch:	Bhuteshwar, Mathura, Uttar Pradesh, India
Person Name (with Designation):	Gourav P.S. Tomar [Branch Manager]
Contact Number:	91-9487556707
Name of Account Holder:	Rishika Construction
Account Number:	--
Account Since (Date/ Year of A/c Opening):	New
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	New Account
Remarks: --

· Oriental Bank of Commerce

Main Branch, Mathura, Uttar Pradesh, India

CC = Rs. 15.000 Million and BG = Rs. 17.500 Million

Facilities :

SECURED LOANS	31.03.2015 (Rs. In Million)	31.03.2014 (Rs. In Million)
HDFC Loan-81426377	3.962	0.000
HDFC Loan-80466697	1.279	2.873
Oriental Bank of Commerce, Mathura [Car Loan]	0.444	0.882
HDFC Loan-5273	0.000	0.482
HDFC Loan-81398373	2.424	0.000
HDFC Loan 80965417 & 80959964	2.064	0.000
OBC CC, Mathura No. 01044011000429	0.000	12.661
Total	10.173	16.898

Auditors :
Name :	Ram Alok and Company Chartered Accountants
Address :	225, Near Krishna Metals, Sonkh Road, Mathura, Uttar Pradesh, India
Tel. No.:	91-565-2423517
Mob. No.:	91-9927064517
Fax No.:	91-565-2501305
E-Mail :	ca.rohitkapoor@rediffmail.com ca.rohitkapoor@icai.org
PAN No.:	AAFFR8029M
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

CAPITAL ACCOUNT AS ON 31.03.2015

(RS. IN MILLION)

PARTICULARS	31.03.2015	PARTICULARS	31.03.2015
To Drawings	0.320	By Opening Balance	31.600
To Income Tax (TDS)	2.030	By Agriculture Income	0.912
To Kotak Insurance	0.062	By Income Tax Refund	0.342
To LIC	0.345	By Refund of Insurance	2.298
To School Fees	1.000	By Net Profit	6.862
To Closing Balance	38.257
Total	42.014	Total	42.014

FINANCIAL DATA

[all figures are in Rupees Million]

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2015	31.03.2014	31.03.2013
SHAREHOLDERS FUNDS
1] Proprietor Capital		38.257	31.600	27.431
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		38.257	31.600	27.431
LOAN FUNDS
1] Secured Loans		10.173	16.898	21.968
2] Unsecured Loans		3.089	2.788	2.951
TOTAL BORROWING		13.262	19.686	24.919
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		51.519	51.286	52.350
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		33.950	31.761	34.959
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	7.790	2.061	0.000
	Sundry Debtors	8.170	15.456	12.184
	Cash & Bank Balances	4.774	3.363	0.177
	Other Current Assets	27.592	24.826	17.971
	Loans & Advances	0.000	0.000	0.000
Total Current Assets		48.326	45.706	30.332
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	18.194	11.001	6.829
	Other Current Liabilities	12.563	15.180	6.112
	Provisions	0.000	0.000	0.000
Total Current Liabilities		30.757	26.181	12.941
Net Current Assets		17.569	19.525	17.391
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		51.519	51.286	52.350

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Contract Receipts from Civil Construction Work	119.801	75.762	57.534
		Other Income	1.111	1.577	0.000
		TOTAL	120.912	77.339	57.534
Less	EXPENSES
		Cost of Goods sold	71.076	33.706	0.000
		Construction Expenses	4.890	8.339	13.484
		Labour Wages	19.329	13.909	0.694
		Bank Interest	1.088	2.021	1.223
		B.G. Charges	0.433	0.000	0.000
		Diesel and Oil Expenses	1.846	3.215	6.303
		Entry Tax Expenses	0.245	0.000	0.000
		Insurance Expenses	0.423	0.316	0.194
		Interest on Unsecured Loans	0.335	0.302	0.436
		Interest to HDFC Loan	0.629	0.397	0.697
		Machine repair and Maint.	1.213	0.485	0.062
		P.F. Expenses	0.366	0.119	0.095
		Processing Fees	0.150	0.000	0.000
		Salary	2.903	4.317	1.868
		Telephone Expenses	0.103	0.063	0.061
		Vehicle Repair	1.824	0.015	0.000
		Other Expenses	1.010	1.418	26.089
		TOTAL	107.863	68.622	51.206
	PROFIT BEFORE DEPRECIATION AND AMORTISATION		13.049	8.717	6.328
Less/ Add	DEPRECIATION/ AMORTISATION		6.187	3.414	3.452
	NET PROFIT		6.862	5.303	2.876

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	5.73	7.00	5.00
Return on Total Assets (PBT/Total Assets}	(%)	8.34	6.85	4.40
Return on Investment (ROI) (PBT/Networth)		0.18	0.17	0.10
Debt Equity Ratio (Total Liability/Networth)		0.35	0.62	0.91
Current Ratio (Current Asset/Current Liability)		1.57	1.75	2.34

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Proprietor Capital	27.431	31.600	38.257
Reserves & Surplus	0.000	0.000	0.000
Net worth	27.431	31.600	38.257
Secured Loans	21.968	16.898	10.173
Unsecured Loans	2.951	2.788	3.089
Total borrowings	24.919	19.686	13.262
Debt/Equity ratio	0.908	0.623	0.347

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Contract Receipts from Civil Construction Work	57.534	75.762	119.801
		31.682	58.128

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Contract Receipts from Civil Construction Work	57.534	75.762	119.801
Profit	2.876	5.303	6.862
	5.00%	7.00%	5.73%

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	Yes
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	Yes
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	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	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

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

UNSECURED LOANS

(RS. IN MILLION)

PARTICULARS	31.03.2015	31.03.2014
Anita Singh	0.905	0.816
Chandrapal Singh HUF	0.507	0.458
Mamta Singh	0.792	0.715
Munni Devi	0.383	0.346
Sultan Singh HUF	0.502	0.453
Total	3.089	2.788

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

COMPUTATION OF TOTAL INCOME

(RS. IN MILLION)

PARTICULARS	31.03.2015
Income from House Property [Chapter IV C]				0.000
Self Occupied Property
100 Indraprastha Colony, Mathura
Annual Rental Value u/s 23			0.000
Income from Business or Profession [Chapter IV D]				6.862
Net Profit as per Profit & Loss Account		0.000
RISHIKA CONSTRUCTION
Profit as per Profit and Loss Account		6.862
Add: Depreciation debited in P&L A/c.		6.187
		------------
Total		13.049
Less: Depreciation as per Chart u/s 32	6.187	6.187
		------------	6.862
			------------
Income from Other Sources [Chapter IV F]				0.005
Interest from Saving Bank A/c			0.005
			------------
				------------
Gross Total Income				6.867
Less: Deductions [Chapter VI-A]
u/s 80C
L.I.P.	0.407
Tuition Fee	1.000
Total	1.407
			0.150
u/s 80TTA [Interest from Saving Bank Account]			0.005
			------------	0.155
				------------
Total Income				6.712
Round off u/s 288A				6.712
Agriculture Income				0.912
Deduction u/s 10AA, 35AD, 80H to 80RRB [except sec. 80P] not claimed hence AMT not applicable
Gross Tax Payable		2.113
Rebate Agriculture Income		0.174
		------------
Tax Due		1.939
Educational Cess		0.058
		------------
		1.997
T.D.S.		2.168
		------------
		(0.171)
Refundable [Round off u/s 288B]		0.171

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

PROJECTED PROFITABILITY STATEMENT

(RS. IN MILLION)

PARTICULARS	2015-16 [Projected]	2016-17 [Projected]	2017-18 [Projected]
INCOME
Revenue generated from Operations	150.000	200.000	240.000
Interest Income	1.850	2.000	2.200
TOTAL [A]	151.850	202.000	242.200
EXPENDITURE
Direct Material and Labour	126.200	173.700	211.000
Add: Opening Stock	7.500	8.000	9.000
Less: Closing Stock	8.000	9.000	10.000
Cost of Goods sold [B]	125.700	172.700	210.000
Salary etc.	5.150	5.650	6.250
Insurance Expenses	0.400	0.500	0.600
Power and Fuel Expenses	3.800	4.500	5.000
Repair and Maintenance	0.800	1.000	1.200
Other Expenses [Incl. Consum. Items]	1.600	1.800	2.000
Depreciation	2.464	2.094	1.780
TOTAL [C]	14.214	15.544	16.830
Financial Expenses
Interest on CC Limit	3.600	3.600	3.600
Interest on Terms Loans	0.500	0.400	0.300
Interest on Unsecured Loans	0.302	0.302	0.302
TOTAL [D]	4.402	4.302	4.202
NET PROFIT [A-B-C-D]	7.534	9.454	11.168

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

PROJECTED BALANCE SHEET

(RS. IN MILLION)

PARTICULARS	2015-16 [Projected]	2016-17 [Projected]	2017-18 [Projected]
LIABILITIES
Proprietor Capital
Opening Balance	42.387	52.196	63.200
Add: Capital Additions	5.000	4.500	4.000
Add: Profit for the year	7.534	9.454	11.168
	54.921	66.150	78.368
Less: Drawings	0.325	0.350	0.400
LIC	0.600	0.600	0.600
TDS	1.800	2.000	2.200
	52.196	63.200	75.168
SECURED LOANS
Term Loan	3.000	1.500	0.750
CC limit from Bank	30.000	30.000	30.000
UNSECURED LOANS	2.788	2.788	2.788
[From Friends and Relatives]
Sundry Creditors	7.500	7.000	6.500
CURRENT LIABILITIES
Exp. Payable	5.500	4.000	3.000
TOTAL	100.984	108.488	118.206
ASSETS
FIXED ASSETS	26.197	24.103	22.323
Investment and Deposits	24.000	25.000	26.500
[Including Securities]
Jewellery	0.200	0.200	0.200
CURRENT ASSETS
Stock [of all kind]	8.000	9.000	10.000
Sundry Debtors	38.000	45.000	53.500
Cash and Bank	3.500	3.800	4.000
Other Assets	1.087	1.385	1.683
TOTAL	100.984	108.488	113.206

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

FINANCIAL RATIOS

(RS. IN MILLION)

PARTICULARS	2015-16 [Projected]	2016-17 [Projected]	2017-18 [Projected]
Current Ratio	1.51	1.61	1.72
Total Outside Liabilities / TNW	2.70	2.05	1.58
Total Outside Liabilities/ Quasi Equity [Total Quasi Equity]	2.26	1.78	1.42
Term Liabilities / Adjusted TNW	0.65	0.41	0.26
Term Liabilities / Quasi Equity	0.54	0.36	0.23
PAT/ Net Sales [%]	3.63	3.72	3.82
Net Profit / Capital Employed	12.60	15.60	16.13
Inventory + Receivables / Sales	53.17	42.50	40.56
Interest Service Coverage Ratio	2.89	2.08	2.24

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

NETWORTH STATEMENT

MR. SULTAN SINGH

(RS. IN MILLION)

PARTICULARS	AMOUNT IN MILLION
House Building Property on Plot No. 94, situated at Indraprasth Enclave, Mathura [Market Value as per Chartered Civil Engineer Certificate dated 19.06.2015] [1/2 Share]	4.150
Commercial Land and Building at Khasra No. 680, 681, 682 at 1, Anand Bazar, Near Highway Plaza, Mathura [1/3 Share]	22.000
[Market Value as per Chartered Civil engineer Certificate dated 19.06.2015]
Agriculture Land at Village Rahimpur, Farah, Mathura	40.000
Agriculture Land at Village Daulatpur, Mathura	12.500
Agriculture Land at Village Mudesi, Bharatpur Road, Mathura	15.000
Plant and machineries	24.000
Cash and Bank Balances	4.200
	-----------------
	121.850
Less: Liabilities
Secured loan from Oriental Bank of Commerce, Mathura	15.000
Secured loan Plant and Machinery from HDFC Bank, Mathura	7.000
Unsecured Loans	3.500
NETWORTH	96.350

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

COMPANY PROFILE

INTRODUCTION

Subject has been incorporated on 07th January, 1999 as a Proprietorship and registered with sales tax deptt. And with PWD deptt. The main object of the Firm is procuring Civil Contracts. The firm is established with the vision to put a mark in Construction industry and to touch heights of excellence in this field and the firm succeed in its goal and earned very good reputation and goodwill in market. The unit has built its equity over the years, recognition has definitely not come overnight and is the result of years devotion. Firm is mainly engaged in the field construction activity of roads, bridges and highways. The firm has been promoted by the promoter, Mr. Sultan Singh ji son of Mr. Ranvir Singh ji.

Mr. Sultan Singh aged 50 Years and Post graduate, is engaged in the line of contracting activity since more than 20 years and doing this business in firm name and style as Rishika Construction having vast experience of this business, a person of high integrity and social reputation. He has earned goodwill in this line of contractor.

INDUSTRY SCENARIO AND MARKETING:

In today's dynamic, competitive marketplace, in contracting activity is vital to corporate growth and resilience They all are aware that roads and highways is one of the basic necessities of life and this sector is growing by leaps and bounds and there is a vast potential in this field Now a days the number of highways, expressways, bridges and approach roads is increasing day by day similarly central and state government is taking various initiative to give better roads to all citizen. There is lot of work emerging every year through various departments and authorities. Their central government and other states government are undertaking various reforms to provide approach roads to all states in India. In every year huge amount of Budget is allotted to improve the efficiency of the roads and highways. Therefore there is huge demand of Class-A contractors in the domestic market . As explained above contracting is a one of the basic necessities to survive, therefore demand of contractors is very good not only in urban market but also in rural area. Unit is mainly engage in contracting activity basically for the governments of Uttar Pradesh. And continuously getting job work contract from other states also. There is lot of work of contracting emerges in every year from different state Govts. As well as Central Govt.

The promote rare already in touch with the various state Governments they will get regular orders for contractors. Promoters' family concern is also doing same business for more than thirty years.

MANAGEMENT:

The Management will be in the hand of Mr. Sultan Singh who are having long experience to run the same industry. The firm shall be managed by the promoter who will be responsible for smooth running of the unit with the help of skilled and professionally qualified and trained personnel. He will look after the procurement of work order through tender, finance and production and sales. He will look after different departments independently. The promoters are capable to handle the management of unit properly. The promoter are also running their family concern very nicely and doing well so that they have a very rich experience in the line of printing of books Hence, no problem is anticipated in the score.

INFRASTRUCTURE

Today is the age of technology, the and unit is equipped with automatic hot mix concrete plant in which required material is prepared in minimum time with good accuracy of quality. The unit is equipped with advanced plant and Machinery using state of the art technology to reduce cost and improve quality of the product. Besides Plant and Machinery, advanced infrastructure facilities are available at site power back-up, telephone and Internet, transportation up to the godown - factory gate.

The firm has achieved turnover of Rs. 57.530 Million during the financial year 2012-13 and Rs 75.162 Million during the financial year 2013-14 and will. achieve Turnover of Rs 120.000 Million upto 31.03.2015. This projected sales is Rs.150.000 Million achievable as they have Rs. 140.000 Million tenders in their hand. The party has estimated sales of Rs. 150.000 Million for the Financial Year 2015-16. The promoter is engaged in the business and having experience of Contracting activity the sales estimated by the company have been treated as achievable.

SWOT ANALYSIS:

Strength:

The firm is dealing in a unique item. Contracting is one of the basic necessities of life and this sector is growing There is lot of work emerging every year through various Government and PSU’s. The firm enjoys high degree of good will with Government departments and PSU’s.

Weakness:

All turnover is depend on work order allotted through tender by various Government deptt/ PSU's.

Opportunity:

Contracting is universally recognized as one of the most fundamental building blocks for human development and one of the powerful tool to reducing time, and their central government and other states government are undertaking various reforms to provide basic roads and highways to all states of India. In every year huge amount of Budget is allotted to improve the roads and highways. Therefore there is huge demand such type of contracts in domestic market.

Threat:

As firm is engaged in the civil contracts and doing work as allotted by various state Government/PSU's. Thus they do not find any express threat to the firm / business.

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

VALUATION REPORT

PROPERTY IN NAME OF MR. NARENDRA SINGH, MR. SULTAN SINGH AND MR. CHANDRA PAL SINGH S/O. MR. RANVEER SINGH

LOCATED AT KHASRA NO 680, 681 AND 682 KHAN [ANAND BAZAR], MAUZA MATHURA BANGAR, MAIN N.H. 2 ROAD, NEAR HIGHWAY PLAZA, MATHURA

(GENERAL DETAILS)

Purpose for which valuation is made

Bank Finance

Date as on which valuation is made

19.06.2015

Name of the owners/ owner

Mr. Narendra Singh, Mr. Sultan Singh and Mr. Chandra Pal Singh

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

Joint Ownership

Brief description of the property

It is a Double storied Prop. and Open Land having 1 Office Block, 1 Kitchen, 1 Veranda Hall, 1 WC and Bathroom on Ground Floor and 1 Room and 1 Toilet on 1^st Floor. The Property was acquired wide deed No. 663, 9058, 6973, 6974 dated 04.02.2004, 24.09.2004, 16.06.2006, 14.06.2006, for Rs. 0.680 Million, 0.115 Million, 0.030 Million, 0.250 Million, 0.185 Million.

Location, Street, Ward No.

(Anand Bazar) Mauza Mathura Bangar, Main N.H. 2 Road, Near Highway Plaza, Mathura.

Survey / plot of Land

Khasra No. 680, 681 and 682 Kha.

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

Mixed area/ Bazar Street Status converted u/s 143 order to be obtained

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

MIG

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

All within 1.00 km of property

Means and proximity to surface communication by the locality is served

B.T. Road

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

Area 1051.94 Sq. Mt.

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

Freehold

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

Commercial

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

NA

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

NA

Furnish technical details of the building on a separate sheet.

As per Technical Details

Is the building owner-occupied tenanted/ both?

Owner Occupied

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

NA

What is the floor space Index Permissible and percentage actually utilized?

FSI Used = 0.34

Permitted = 1.25 in Bazar Street

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

NA

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?

No

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

NA

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

No

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

No

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

NA

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.

Based on enquiries MVDA has allotted a plot in Auction for Rs. 80000/- per Sq. Mt. recently. However this land is although in Bazar Street but it entails costs for MVDA clearance; Dev. Charges etc. also land has a large depth. In their opinion fair rate is 25% less or Rs. 60000/- per Sq. Mt.

Dimensions of the plot

Total area of the plot

Prevailing market rate

Guideline rate obtained from the Register Office

Assessed adopted rate of valuation

Estimated value of the land

As per deed

1051.94 Sq. Mt.

As Above

Rs. 28000/- per Sq. Mt.

Rs. 60000/- per Sq. Mt.

Rs. 63.116 Million

Year of commencement of construction and year of completion?

2005

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

Direct labour

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

No

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

Double Storied

Plinth Area floor wise

Ground Floor = 258.00 Sq. Mt.

First Floor = 101.00 Sq. Mt.

Total = 359.00 Sq. Mt.

Year of Construction

2005

Estimated future life

50 and 40 Years

Type of construction-Load Bearing wall/ RCC frame/ Steel frame

Load bearing

Type of foundations

Spreading Foot

Walls

9” Thick Brick Wall

Partitions

9” Thick Brick Wall

Door and Windows (Floor-Wise)

Wooden chaukhat and flush door

Flooring (Floor-wise)

Marble and P.C.C.

Finishing (Floor Wise)

Good

Roofing and Terracing

RCC and G/Stone

Special Architectural or Decorative features, if any

Coloured Tiles in Kitchen WC and Bath

Internal Wiring – Surface or Conduit

Class of fittings : Superior/ Ordinary/ Poor

Concealed

Average

Sanitary Installations

Ordinary

Class of fittings: Superior

Average

Compound Wall

Included

No. of lifts and capacity

No

Underground pump – capacity and type of construction

NA

Overhead Tanks

NA

Pumps – No. and their horse power

NA

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

NA

Details of Valuation

Particulars of Items	Plinth area	Estimated replacement rate	Replacement Cost	Depreciation	Net Value
Covered area	359.00 Sq. Mt.	Rs. 12000/- Sq. Mt.	4.308	0.783	3.525
Total					3.525

SUMMARY OF VALUATION

Part I Land	Rs. 63.116 Million
Part II Building	Rs. 3.525 Million
Part III Projection	--
Total	Rs. 66.641 Million

The overall fair market value of the property is Rs. 66.000 Million

The realizable / Distress sale value of property may reduce to Rs. 53.300 Million

The Circle rate value of Property is Rs. 33.600 Million

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

VALUATION REPORT

PROPERTY IN NAME OF MR. SULTAN SINGH S/O. MR. RANVEER SINGH AND MRS. ANITA SINGH W/O MR. SULTAN SINGH

LOCATED AT PLOT NO 94, PART OF KHASRA NO 63, INDRA PRASTHA ENCLAVE COLONY, MAUZA VIRJAPUR, MATHURA

(GENERAL DETAILS)

Purpose for which valuation is made

Bank Finance

Date as on which valuation is made

19.06.2015

Name of the owners/ owner

Mr. Sultan Singh and Mrs. Anita Singh

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

Joint Ownership

Brief description of the property

It is a Double story Residential house having 3 Room, 1 Kitchen, 1 Lobby, 2 Toilet on Ground Floor and 2 Room, 1 Kitchen, 1 Lobby, 2 Toilet 1^st Floor. The property was acquired wide deed dated 29.11.2004. for Rs. 0.250 Million.

Dimension of the site

	As per deed	As verified
North	30’	30’2”
South	30’	30’2”
East	68’6”	68’6”
West	68’6”	68’6”

Boundaries of the property

	As per deed	As verified
North	Road	Road
South	Land of Seller	Other’s Prop.
East	Plot No. 93	H. No. 93
West	Plot No. 95	H. No. 95

Location, Street, Ward No.

Indra Prastha Enclave Colony, Mauza Virjapur, Mathura

Survey / Plot of Land

Plot No. 94, Part of Khasra No. 63

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

Residential area

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

MIG

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

All within 1.00 km of property

Means and proximity to surface communication by the locality is served

B.T. Road

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

190.90 Sq. Mt.

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

Freehold

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

Residential

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

NA

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

NA

Furnish technical details of the building on a separate sheet.

As per Technical Details

Is the building owner-occupied tenanted/ both?

Owner Occupied

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

NA

What is the floor space Index Permissible and percentage actually utilized?

FSI Used = 1.25

Permitted = 1.75

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

NA

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?

No

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

NA

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

No

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

No

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

NA

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.

Based on enquiries in their opinion fair market rate is Rs. 35000/- per Sq. Mt.

Dimensions of the plot

Total area of the plot

Prevailing market rate

Guideline rate obtained from the Register Office

Assessed adopted rate of valuation

Estimated value of the land

30’ x 68’6”

190.90 Sq. Mt.

Rs. 35000/- per Sq. Mt.

Rs. 16000/- per Sq. Mt.

Rs. 35000/- per Sq. Mt.

Rs. 6.682 Million

Year of commencement of construction and year of completion?

2008

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

Direct labour

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

No

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

Double Storied

Plinth Area floor wise

Ground Floor = 133.00 Sq. Mt.

First Floor = 86.00 Sq. Mt.

Total = 219.00 Sq. Mt.

Year of Construction

2008

Estimated future life

53 Years

Type of construction-Load Bearing wall/ RCC frame/ Steel frame

Load bearing

Type of foundations

Spreading Foot

Walls

9” Thick Brick Wall

Partitions

9” Thick Brick Wall

Door and Windows (Floor-Wise)

Wooden chaukhat and flush door

Flooring (Floor-wise)

Marble

Finishing (Floor Wise)

Good

Roofing and Terracing

RCC and POP

Special Architectural or Decorative features, if any

Coloured Tiles in Kitchen WC and Bath

Internal Wiring – Surface or Conduit

Class of fittings : Superior/ Ordinary/ Poor

Concealed

Average

Sanitary Installations

Ordinary

Class of fittings: Superior

Average

Compound Wall

Included

No. of lifts and capacity

No

Underground pump – capacity and type of construction

NA

Overhead Tanks

NA

Pumps – No. and their horse power

NA

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

NA

Details of Valuation

Particulars of Items	Plinth area	Estimated replacement rate	Replacement Cost	Depreciation	Net Value
Covered area	219.00 Sq. Mt.	Rs. 13500/- Sq. Mt.	2.956	0.345	2.611
Total					2.611

SUMMARY OF VALUATION

Part I Land	Rs. 6.682 Million
Part II Building	Rs. 2.611 Million
Part III Projection	--
Total	Rs. 9.293 Million

The overall fair market value of the property is Rs. 9.300 Million

The realizable / Distress sale value of property may reduce to Rs. 7.400 Million

The Circle rate value of Property is Rs. 5.800 Million

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

FIXED ASSETS

· Land

· Weighing Machine

· Compactor

· Generator

· Vehicles

· A.C

· Tools and Machinery

· Concrete Mixture

· Roller

· Computer

· Other equipments

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. 65.04
UK Pound	1	Rs. 99.58
Euro	1	Rs. 71.75

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	KIN
Report Prepared by :	BVA

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	6
--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		47

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.