MIRA INFORM REPORT
|
Report No. : |
346399 |
|
Report Date : |
30.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AVANI ENGINEERING WORKS |
|
|
|
|
Registered
Office : |
Plot No. 41, Annapuran Estate, Near Zaveri Estate, Kathwada, Ahmedabad
– 382415, Gujarat |
|
Mobile No.: |
91-9825580487 [Mr. Pareshbhai D. Patel] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Establishment : |
11.07.2012 |
|
|
|
|
Capital
Investment : |
Rs. 2.313 Million |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAXFA2539B |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer of Textile, Pharmaceutical, Road Construction Machinery
and its Parts and also doing Engineering Job Works. |
|
|
|
|
No. of Employees
: |
17 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established on 11th July, 2012 as a partnership
firm by Mr. Pareshbhai D. Patel and Mr. Ramilaben P. Patel. It has
satisfactory track record. Profitability of the concern is low during FY2015. However, the
concern possesses a decent profile marked by adequate networth base along
with fair liquidity. Trade relations are fair. Business is active. Payments are reported to
be slow but 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
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. Pareshbhai D. Patel |
|
Designation : |
Partner |
|
Contact No.: |
91-9825580487 |
|
Date : |
29.10.2015 |
|
Name : |
Mrs. Hetal |
|
Designation : |
Consultant |
|
Contact No.: |
91-7383922980/ 9924619796 |
|
Date : |
29.10.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 41, Annapuran Estate, Near Zaveri Estate, Kathwada, Ahmedabad
– 382415, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825580487 [Mr. Pareshbhai D. Patel] 91-7383922980/ 9924619796 [Mrs. Hetal] |
|
Fax No.: |
Not Available |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Pareshkumar D. Patel |
|
Designation : |
Partner |
|
Address : |
B/06, Tajendra Bunglows, Near Nishat Char Rasta, Vastral, Ahmedabad,
Gujarat, India |
|
Date of Birth/Age : |
11.10.1971 |
|
Qualification : |
B. Com |
|
Experience : |
15 Years |
|
PAN No.: |
AMOPP7414M |
|
|
|
|
Name : |
Mrs. Ramilaben P. Patel |
|
Designation : |
Partner |
|
Address : |
B/06, Tajendra Bunglows, Near Nishat Char Rasta, Vastral, Ahmedabad,
Gujarat, India |
|
Date of Birth/Age : |
07.05.1978 |
|
Qualification : |
SSC |
|
Experience : |
3 Years |
|
PAN No.: |
BPOPP8584C |
|
Voter ID : |
MBG2177459 |
KEY EXECUTIVES
|
Name : |
Mrs. Hetal |
|
Designation : |
Consultant |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Textile, Pharmaceutical, Road Construction Machinery
and its Parts and also doing Engineering Job Works. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit [30 Days and 60 Days] |
|
|
|
|
Purchasing : |
Cash and Credit [30 Days and 60 Days] |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Wholesalers, Retailers and End Users
|
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||||||||||||||||||||||
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No. of Employees : |
17 (Approximately) |
||||||||||||||||||||||
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||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
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Facilities : |
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||||||||||||||||||||||
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|
|
|
Auditors : |
|
|
Name : |
Darshan Panchal and Associates Chartered Accountants |
|
Address : |
Ahmedabad, Gujarat, India |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
PARTNERS CAPITAL AS ON 31.03.2015
MR.
PARESHKUMAR D. PATEL
|
Particulars |
Amount in
Million |
Particulars |
Amount in
Million |
|
|
|
|
|
|
|
|
Opening Balance |
0.838 |
|
|
|
Interest |
0.045 |
|
|
|
Remuneration |
0.150 |
|
|
|
|
|
|
|
|
|
|
|
Closing Balance |
1.036 |
Net Profit transf. to Cap. A/c |
0.003 |
|
|
|
|
|
|
|
|
|
|
|
Total |
1.036 |
Total |
1.036 |
MRS.
RAMILABEN P. PATEL
|
Particulars |
Amount in
Million |
Particulars |
Amount in
Million |
|
|
|
|
|
|
|
|
Opening Balance |
1.200 |
|
|
|
Interest |
0.062 |
|
|
|
|
|
|
|
|
|
|
|
Closing Balance |
1.277 |
Net Profit transf. to Cap. A/c |
0.015 |
|
|
|
|
|
|
|
|
|
|
|
Total |
1.277 |
Total |
1.277 |
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] Partners Capital |
2.313 |
2.038 |
1.762 |
|
|
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 |
2.313 |
2.038 |
1.762 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.250 |
0.755 |
0.000 |
|
|
2] Unsecured Loans |
1.165 |
1.165 |
0.570 |
|
|
TOTAL BORROWING |
2.415 |
1.920 |
0.570 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.728 |
3.958 |
2.332 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.649 |
3.056 |
3.540 |
|
|
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 |
0.034
|
0.420 |
0.981 |
|
|
Sundry Debtors |
9.700
|
13.231 |
11.948 |
|
|
Cash & Bank Balances |
0.733
|
0.349 |
0.210 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.197
|
0.096 |
0.025 |
|
Total
Current Assets |
10.664
|
14.096 |
13.164 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
7.716
|
12.730 |
13.596 |
|
|
Other Current Liabilities |
0.125
|
0.000 |
0.000 |
|
|
Provisions |
0.744
|
0.464 |
0.776 |
|
Total
Current Liabilities |
8.585
|
13.194 |
14.372 |
|
|
Net Current Assets |
2.079
|
0.902 |
(1.208) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.728 |
3.958 |
2.332 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
12.926 |
14.902 |
15.785 |
|
|
|
Other Income |
0.038 |
0.036 |
0.046 |
|
|
|
TOTAL |
12.964 |
14.938 |
15.831 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods sold |
11.549 |
12.695 |
13.804 |
|
|
|
Direct Expenses Cartage Expenses |
0.098 |
0.033 |
0.029 |
|
|
|
Supervision Expenses |
0.050 |
0.154 |
0.147 |
|
|
|
Salary Expenses |
0.036 |
0.108 |
0.096 |
|
|
|
Wages and Bonus Expenses |
0.060 |
0.388 |
0.386 |
|
|
|
Conveyance Expenses |
0.047 |
0.043 |
0.032 |
|
|
|
Office Expenses |
0.036 |
0.027 |
0.017 |
|
|
|
Staff Welfare Expenses |
0.030 |
0.030 |
0.026 |
|
|
|
Transportation Charges |
0.039 |
0.036 |
0.035 |
|
|
|
Interest on Loan |
0.153 |
0.050 |
0.000 |
|
|
|
Interest to Partner |
0.108 |
0.207 |
0.097 |
|
|
|
Partners remuneration |
0.150 |
0.269 |
0.258 |
|
|
|
Other Expenses |
0.183 |
0.384 |
0.375 |
|
|
|
TOTAL |
12.539 |
14.424 |
15.302 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION AND AMORTISATION |
0.425 |
0.514 |
0.529 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.407 |
0.484 |
0.500 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
0.018 |
0.030 |
0.029 |
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.13
|
0.20 |
0.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.14
|
0.17 |
0.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.04
|
0.94 |
0.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.07 |
0.92 |
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) |
|
Partners Capital |
1.762 |
2.038 |
2.313 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1.762 |
2.038 |
2.313 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.755 |
1.250 |
|
Unsecured Loans |
0.570 |
1.165 |
1.165 |
|
Total
borrowings |
0.570 |
1.920 |
2.415 |
|
Debt/Equity ratio |
0.323 |
0.942 |
1.044 |
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) |
|
Sales |
15.785 |
14.902 |
12.926 |
|
|
|
(5.594) |
(13.260) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
15.785 |
14.902 |
12.926 |
|
Net Profit |
0.029 |
0.030 |
0.018 |
|
|
0.18% |
0.20% |
0.14% |
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 |
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 |
No |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
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 |
|
|
|
|
|
Baldevbhai K. Patel |
0.285 |
0.285 |
|
Dineshkumar J. Patel |
0.285 |
0.285 |
|
Jayantibhai H. Patel |
0.200 |
0.200 |
|
Mahendrakumar B. Patel |
0.110 |
0.110 |
|
Kamleshkumar N. Patel |
0.285 |
0.285 |
|
|
|
|
|
Total |
1.165 |
1.165 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF INCOME
(RS.
IN MILLION)
|
PARTICULARS |
31.03.2014 |
||
|
|
|
|
|
|
PROFIT & GAINS OF BUSINESS OR PROFESSION |
|
|
|
|
Profit before Tax as per P&L Account [Item 45 of Profit and Loss Account] |
|
0.030 |
|
|
|
|
|
|
|
Add: Disallowable/ Additions |
|
|
|
|
Depreciation treated separately |
0.484 |
|
|
|
Interest paid to partners |
0.207 |
|
|
|
Remuneration paid to partners |
0.269 |
|
|
|
|
------------ |
0.960 |
|
|
|
|
|
|
|
Less: Deductions/ Expenses claimed |
|
|
|
|
Depreciation as per statement |
0.484 |
|
|
|
Remuneration allowed to partners |
0.269 |
|
|
|
Interest allowed to partners |
0.207 |
|
|
|
|
------------ |
0.960 |
|
|
|
|
------------ |
0.030 |
|
|
|
|
|
|
SUMMARY OF TOTAL
INCOME |
|||
|
Profit & Gains of Business or Profession |
|
|
|
|
Own Business or Profession |
|
|
0.030 |
|
|
|
|
------------ |
|
GROSS TOTAL
INCOME |
|
|
0.030 |
|
Rounded off |
|
|
0.030 |
|
|
|
|
======= |
|
|
|
|
|
|
CALCULATION OF
TAX |
|||
|
Tax on Total Income |
|
0.009 |
|
|
Add: Education Cess @ 2.00% |
|
0.000 |
|
|
Secondary and Higher Edu. Cess @ 1.00% |
|
0.000 |
|
|
|
|
------------ |
|
|
|
|
0.009 |
|
|
|
|
|
|
|
Less: Tax Deducted / Collected at Source
from T.C.S. u/s 206C |
|
0.004 |
|
|
|
|
|
|
|
Less: Advance Tax Installments paid |
|
|
|
|
1st Installment paid on
04.09.2013 |
|
0.010 |
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. PARESHKUMAR D. PATEL
(RS. IN MILLION)
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own / Joint name |
Area |
Free hold or
Lease hold |
Location/ address |
Purchase Cost |
Present Value |
Whether
encumbered (Give details) |
|
Non Agri. Land |
|
|
|
|
|
|
|
|
i. Commercial |
Shed |
-- |
Leasehold |
41 Annapura Estate,
Near Zaveri Estate, Kathwada-Singarva Road, Kathwada, Ahmedabad |
1.200 |
4.900 [Approx.] |
-- |
|
ii. Residential |
Bungalow |
-- |
Freehold |
B/06, Tejendra
Bungalow, Near Nishat Char Rasta, Vastral, Ahmedabad, Gujarat, India |
3.000 |
15.000 |
-- |
|
Flat / House |
|
|
|
|
|
|
|
|
Agri. Land |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Others |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
MOVABLE PROPERTY
VEHICLES
|
Type of Vehicle |
Cost at the time
of Purchase |
Present Value |
|
|
|
|
|
Verma |
0.900 |
0.600 |
|
Alto |
0.300 |
0.150 |
|
Stream Honda |
0.052 |
0.040 |
JEWELLERY
|
|
Quantity |
Valuation
[Approx.] |
|
Gold |
200 Gm |
0.600 |
|
|
|
|
|
Silver |
-- |
0.300 |
CAPITAL INVESTED
IN BUSINESS = RS. 1.156 MILLION [AS ON 31.03.2015]
OTHER INVESTMENTS/
ASSETS = RS. 1.156 MILLION
LIABILITIES
|
Borrowed from |
Purpose of Loan |
Amount of Loan |
Outstanding
Balance |
|
|
|
|
|
|
Car Loan |
Car |
0.600 |
0.100 |
LEGAL
HEIRS / FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
|
|
|
|
|
|
|
Ramila P. Patel |
-- |
Wife |
38 |
Married |
B/06, Tejendra
Bungalow, Near Nishat Char Rasta, Vastral, Ahmedabad, Gujarat, India |
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|
|
|
Avni P. Patel |
Study |
Daughter |
19 |
Unmarried |
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|
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|
|
|
|
|
Yash P. Patel |
Study |
Son |
15 |
Unmarried |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. RAMILABEN P. PATEL
(RS. IN MILLION)
DETAILS
OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Own / Joint name |
Free hold or
Lease hold |
Location/ address |
Purchase Cost |
Present Value |
Whether
encumbered (Give details) |
|
Non Agri. Land |
|
|
|
|
|
|
|
i. Commercial |
-- |
-- |
-- |
-- |
-- |
-- |
|
ii. Residential |
Own |
Freehold |
Tajendra Park |
1.000 |
8.000 |
-- |
|
Flat / House |
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|
|
|
|
|
|
Agri. Land |
-- |
-- |
-- |
-- |
-- |
-- |
|
Others |
-- |
-- |
-- |
-- |
-- |
-- |
LEGAL
HEIRS / FAMILY PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
|
|
|
|
|
|
|
Pareshbhai D. Patel |
Business |
Husband |
44 |
Married |
B/06, Tejendra Bungalow,
Near Nishat Char Rasta, Vastral, Ahmedabad, Gujarat, India |
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|
|
|
|
|
|
Avni P. Patel |
Study |
Daughter |
19 |
Unmarried |
|
|
|
|
|
|
|
|
|
Yash P. Patel |
Study |
Son |
15 |
Unmarried |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
Purpose for which valuation is made |
To ascertain fair market value of the property
on request of Bank of India, Ashram Road Branch, Ahmedabad |
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Date as on which valuation is made |
07.10.2015 |
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Name of the owners/ owner |
Mr. Pareshbhai Dahyabhai Patel |
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If the property is under joint ownership/ co-ownership,
share of each such owner. Are the shares undivided? |
Single Ownership |
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Brief description of the property |
Property is Industrial Shed No. 41, Annapura
Industrial Estate, Inside Zaveri Estate, Kathwada-Singarva Road, Kathwada,
Higher-middle class developed industrial area of Ahmedabad. Kathwada is
developed area with all basic amenities and facilities nearby also having
good road facility in estate as well as well connected to NH and SH. estate
is very well developed with all basic amenities. |
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Area of Tenament |
Plot Area of Shed No. 41 is 96.59 Sq. Mt.,
i.e. 115.52 Sq. yd. with undivided share of land and construction work there
on is about 86.00 Sq. yd. with mezzanine floor. Actual measurement of land is
about 67.00 Sq. yd. and built up construction is about 66.00 Sq. yd. |
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Registered Society and Registration no. |
Zaveri (Kathwada) Comm. Cooperative Society
Limited |
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Tenement / Flat / Office / Shop no. |
Shed No. 41, Annapura Industrial Estate |
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City / Revenue Survey No. |
Survey No. 157/A/1 |
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F.P. No. |
Sup Plot No. 55 to 59 and 62 to 66 |
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Mouja |
Kathwada |
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Taluka |
Dascroi |
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Sub-district |
Ahmedabad-7 [Odhav] |
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District |
Ahmedabad |
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Approved plan |
Plans approved by AUDA Case No.
PRM/1/11/2007/18988 dated 07/11/2007 |
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Rajachutthi No. |
Available |
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Permission |
MASAL/BAKHAP/SR-107/VASHI 1967-72 dated
23/03/2007 |
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Years and type of construction |
5 years old |
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Future life assuming |
Approximate 55 years or more, depending upon
the maintenance and repairs when required. |
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Location, street, ward No. |
Shed No. 41, Annapura Industrial Estate,
Inside Zaveri Estate, Kathwada-Singarva Road, Kathwada, Ahmedabad
|
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Survey / Plot No. of Property |
Property’s Survey No. 157/A/1, Sub Plot No.
55 to 59 and 62 to 66, Mouje Kathwada, Taluka Dascroi, District
Ahmedabad |
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Is the property situated in residential/
commercial/ mixed area/ industrial area? |
Higher-Middle Class Industrial Area |
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Classification of locality-high class,
middle class/ poor class |
Middle Class locality Area |
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Proximity to civic amenities, like schools,
hospitals, offices, markets, cinema etc. |
It is well developed Industrial area, Basic
amenities and Civic amenities very nearby. |
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Means and proximity to surface communication
by the locality is served |
All means of transport facility available.
By AMC Buses, private vehicles and Auto Rickshaws. |
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LAND |
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Area of land supported by documentary proof,
shape, dimensions and physical features |
Building plot is estate road facilities. Shape
is mostly rectangle, area of the industrial plot is about 115.52 Sq. yd. |
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Roads, street or lanes on which land is
abutting |
Inside Zaveri Estate, Kathwada, Ahmedabad |
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Is there any restrictive covenant in regard to
use of land? If so |
Not Applicable |
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Are there any agreements of easements of? If
so |
Not Applicable |
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Does the land fall in an area included in
any town planning plan of Govt. or any statutory body? If so |
Kathwada, Ahmedabad |
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Has any contribution been made towards
developments or any demand for such contribution still outstanding? |
Not Known |
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Has the whole or part of the land been
notified for acquisition by Govt. or statutory body? Give date of
notification |
Not Known |
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IMPROVEMENTS |
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Furnish technical details of the building on
a separate sheet. |
As per Technical details |
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Is the building owner-occupied tenanted/
both? |
Owner-occupied |
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If partly owner-occupied, specify portion
and extent of area under owner-occupation. |
Full occupancy |
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What is the floor space Index Permissible
and percentage actually utilized? |
Regularized construction by AUDA |
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RENTS |
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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 |
Not Applicable |
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Are any of the occupants related to or close
business associates of the owner? |
Not Applicable |
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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 |
Not Applicable |
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Give details of water and electricity
charges? If any to be borne by the owner |
Not Applicable |
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Has the tenant to bear the whole of part of
cost of repairs and maintenance? Give particulars |
Not Applicable |
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If lift is installed, who has to bear the
cost of maintenance and operation owner or tenant? |
Not Applicable |
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If a pump is installed, who has to bear the
cost of maintenance and operation-owner or tenant? |
Not Applicable |
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Who has to bear the cost of electricity
charges for lighting of common space like entrance hall, stairs, passages,
compound etc. |
Not Applicable |
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What is the amount of property tax? Who is to
bear it? Give details with documentary proof |
On the name of the owner |
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Is the building insured? If so give the
policy no. amount for which it is insured and annual premium |
Not Known
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Is any dispute between landlord and tenant regarding
rent pending in a court of law? |
Not Applicable |
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Has any standard rent been fixed for the
premises under any law relating to the Control of Rent? |
Not Applicable |
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SALES |
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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. |
It is observed that the instances of the
sales are found to be under valued and do not reflect the real / fair market
value prevailing in this area. According to the ASR 2011, the rate of land
for Industrial Area for Kathwada is Rs. 3750/- per Sq. Mt. also from last
three-four years, rate of property is considerable higher than the present
ASR 2011, which is already 4 years old. Vicinity area property rates area
about Rs. 40000/- to Rs. 45000/- per Sq. yd. with land and building,
composite rate, depends on size, shape, location etc. |
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Land rate adopted in this valuation |
Keeping in view all the criteria of
Valuation, the Land in developing Industrial Area, is around at Rs. 30000/-
to Rs. 35000/- per Sq. yd. and its depends on demand of plots, location,
looking to all criteria and developments, they assessed the land rate at Rs.
33000/- Sq. yd. for and construction at 12000/- per sq. yd. looking to the
finishing, specification, age of construction. |
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If sale instances are not available or note
relied upon, the basis of arriving at the land rate |
Basis of arriving at the land rates: By making local inquiries and inquiries to
owners and purchaser of new property of same location, builders, new
developers etc. Effect of General Development Control
Regulations sanctioned by the Govt. in force. Factor F1 of property tax bill. Area is middle class industrial, near to
Kathwada GIDC, Industrial area, easy approachable very near to all facility,
National Highway, very good potential for location, situation of Industrial
plot and society. |
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COST OF CONSTRUCTION |
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Years of commencement of construction and
year of completion |
Construction in 2010 |
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What was the method of construction by
contract/ by employing labour directly/ both?
|
Not known |
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For items of work done on contract, produce copies
of agreement |
Not known |
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For items of work done by engaging labour
directly, Give basic rates of material and labour supported by documentary
proof. |
Not known |
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|
VALUATION
VALUE OF LAND IN YEAR 2015 IN KATHWADA AREA
VALUE OF CONSTRUCTION IN YEAR 2015 IN KATHWADA AREA
Jantri Value of Industrial Office area Land area 115.00 Sq. Mt. x Rs. 3750/- per
Sq. Mt., so Land Value = Rs. 0.431 Million Const. area 66.00 Sq. Mt. x Rs. 7912/- per
Sq. Mt., so Const. Value = Rs. 0.522 Million [As per ASR const. value Rs. 8600/- less 8%
for depreciation] Total Value of Jantri rate is Rs. 0.953 Million |
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TECHNICAL DETAILS |
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No of floors and height of each floor |
Floor: GF only, about 3.0 Mt. Height |
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Plinth Area floor wise |
Area of Shed No.: 41, Annapura Industrial Estate,
Plot Area 115.52 Sq. Yard, Construction area 86.00 Sq. Yard. |
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Year of Construction |
2010 construction, about 5 years old |
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|
Estimated future life |
55 years and more, depends on periodical
maintenance and repairs. |
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Type of construction-Load Bearing wall/ RCC
frame/ Steel frame |
Load bearing Structure |
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Type of foundations |
Brick and R.C.C. Footing foundation |
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Walls · Basement and plinth · Ground floor · Super structure above ground floor |
-- 35 and 23 c.m. Wall -- |
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Partitions |
11 c.m. |
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Door and Windows (Floor-Wise) |
Entry with MS Shutter door. MS frames with
Glasse shutters for windows. |
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Flooring (Floor-wise) |
Industrial IPS flooring in all area. |
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Finishing (Floor Wise) |
Lime paint finished, outside cement paint
colour |
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Roofing and Terracing |
RCC slab for main shed and GI sheet for
front shed. |
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Special Architectural or Decorative
features, if any |
No |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Internal Wiring – Surface or Conduit Class of fittings : Superior/ Ordinary/ Poor
|
Ordinary industrial types |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Sanitary Installations |
Available with ordinary fittings |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Compound Wall |
Not Applicable |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of lifts and capacity |
-- |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
UG pump capacity and type of construction |
-- |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Overhead tank |
Available |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Pumps and their horse power |
-- |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Roads and paving within the compound,
approximate area and type of paving |
CC paving and road in parking area |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Sewage disposal – whether to public sewers.
If septic tank provided, no. and capacity |
Drainage System of AMC/ Septic tank-sock pit
|
||||||||||||||||||||||||||||||||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Computer
· Plant and Machinery
· Factory Building
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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. 65.15 |
|
|
1 |
Rs. 99.36 |
|
Euro |
1 |
Rs. 71.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
|
41 |
This score serves as
a reference to assess SC’s credit risk and to set the amount of credit to be
extended. It is calculated from a composite of weighted scores obtained from
each of the major sections of this report. The assessed factors and their relative
weights (as indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.