MIRA INFORM REPORT

Report No. :	341077
Report Date :	30.09.2015

IDENTIFICATION DETAILS

Name :	UMIYA COLD STORAGE

Registered Office :	Sr. No. 539, At and PO Limbhoi, Taluka Modasa, District Aravalli – 383316, Gujarat
Mob. No.:	91-9925049419 [Mr. Gopalkumar R. Patel]

Country :	India

Financials (as on) :	--

Date of Establishment :	09.04.2015

Capital Investment :	Not Divulged

PAN No.: [Permanent Account No.]	AAEFU2516M

Legal Form :	Partnership Concern with an Unlimited Liability of the Partners

Line of Business :	Providing Cold Storage facilities for preservation of potatoes and other agricultural produce.

No. of Employees :	7 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Concern

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is a new partnership concern established on 10^th April 2015. Mr. Gopalkumar R. Patel, Manager has provided information to us and claimed that operations of the concern will start from March 2016. Payments are reported to be unknown. The concern can be considered for business dealings on a safe and secure 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

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. Gopalkumar R. Patel
Designation :	Manager
Contact No.:	91-9925049419
Date :	28.09.2015

LOCATIONS

Registered Office/ Factory :	Sr. No. 539, At and PO Limbhoi, Taluka Modasa, District Aravalli – 383316, Gujarat, India
Tel. No.:	Not Available
Mobile No.:	91-9925049419 [Mr. Gopalkumar R. Patel] 91-9099220330 [Mr. Nikunjkumar P. Patel]
Fax No.:	Not Available
E-Mail :	dr.gopal123.dgp@gmail.com
Area :	6729 Sq. Mt.
Location :	Owned

PARTNERS

Name :	Mr. Rasikbhai Shankarbhai Patel
Designation :	Partner
Address :	At and PO Limbhoi, Taluka Modasa, District Aravalli – 383316, Gujarat, India
Date of Birth/Age :	05.01.1959
Qualification :	SSC
PAN No.:	CLXPP5740C

Name :	Mr. Ishwarbhai Ambaram Trivedi
Designation :	Partner
Address :	At and PO Limbhoi, Taluka Modasa, District Aravalli – 383316, Gujarat, India
Date of Birth/Age :	18.01.1948
PAN No.:	AAQPT6223J

Name :	Mr. Nikunjkumar P. Patel
Designation :	Partner
Address :	At and PO Limbhoi, Taluka Modasa, District Aravalli – 383316, Gujarat, India
Date of Birth/Age :	16.05.1965
Qualification :	B.A.
PAN No.:	ANYPP3057F

Name :	Mr. Jagadishchandra S. Patel
Designation :	Partner
Address :	At and PO Dughasvuda, Taluka Modasa, District Aravalli – 383316, Gujarat, India
Date of Birth/Age :	24.03.1956
PAN No.:	AWQPP1270R

Name :	Mr. Hemant P. Patel
Designation :	Partner
Address :	At and PO Sakuriya, Taluka Modasa, District Aravalli – 383316, Gujarat, India
Date of Birth/Age :	22.07.1975
Qualification :	S.S.C.
PAN No.:	AMFPP5870J

Name :	Mr. Amitkumar B. Chaudhari
Designation :	Partner
Address :	At and PO Limbhoi, Taluka Modasa, District Aravalli – 383316, Gujarat, India
Date of Birth/Age :	10.04.1978
Qualification :	S.Y.B.A.
PAN No.:	AMRPP0409M

Name :	Mr. Bhogilal Ambalal Patel
Designation :	Partner
Address :	At Gudha Kampu, Taluka Modasa, District Aravalli – 383316, Gujarat, India
Date of Birth/Age :	01.06.1972
PAN No.:	BRUPP0553P

Name :	Mr. Himansu Vallabhdas Patel
Designation :	Partner
Address :	At and PO Modasa, District Aravalli – 383316, Gujarat, India
Date of Birth/Age :	18.05.1977
Qualification :	D. Pharma
PAN No.:	AGPPP5262J

KEY EXECUTIVES

Name :	Mr. Gopalkumar R. Patel
Designation :	Manager

BUSINESS DETAILS

Line of Business :	Providing Cold Storage facilities for preservation of potatoes and other agricultural produce.

Brand Names :	--

Agencies Held :	--

Exports :	--

Imports :	--

Terms :
Selling :	--

Purchasing :	Credit [90 Days]

GENERAL INFORMATION

Suppliers :

Reference:	--
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

· Kalp Marketing

Address: 1-B, Avadh Apartments, 64, Pritamnagar Society, Near Dr. Munshi’s Hospital, B/H Gujarat College, Ellisbridge, Ahmedabad – 380006, Gujarat, India

Tel. No.: 91-79-26463256/ 26460950

Fax No.: 91-79-26463256

E-Mail: kalpmktg@hotmail.com

· Radiant Controls and Automation Private Limited

Address: A/2, Anand Complex, B/H Gulab Tower, Opposite Sola Overbridge, Thaltej, Ahmedabad – 380054, Gujarat, India

Tel. No.: 91-79-30126483/ 84

E-Mail: ketanpatel_rcapl@yahoo.co.in

· Sintex Infra Projects Limited

Address: 7th Floor, Abhijit Building - I, Mithakhali Six Roads, Ellisbridge, Ahmedabad – 380006, Gujarat, India

Tel. No.: 91-79-26420683/ 26420045

· Star Coolers and Condensers Private Limited

Customers :

Others [Farmer and Trader]

Reference:	--
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

No. of Employees :

7 (Approximately)

Bankers :

Bank Name:	Union Bank of India
Branch:	1, Shyam Nagar, Malpur Road, Modasa – 383315, Gujarat, India
Person Name (with Designation):	Mr. Tushar N. Suryavanshi [Branch Manager]
Contact Number:	91-9099931658
Name of Account Holder:	Umiya Cold Storage
Account Number:	552001010050332
Account Since (Date/ Year of A/c Opening):	05.06.2015
Average Balance Maintained (Optional):	Rs. 0.050 Million [Monthly]
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	Current Account
Remarks: --

Facilities :


Auditors :
Name :	Ranguni and Patel Chartered Accountants
Address :	2^nd Floor, Ved Plaza, Megharaj Road, Modasa - 383315, Gujarat, India
Tel. No.:	91-2774-244303
Mobile No.:	91-9825492091

Memberships :	--

Collaborators :	--

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

Capital Investment :
Owned :	Not Divulged
Borrowed :	Not Divulged
Total :	Not Divulged

FINANCIAL DATA

[all figures are in Rupees Million]

NEW BUSINESS

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

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	Yes
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	No
22	Conduct of the banking account	Yes
23	Financials, if provided	No
24	Capital in the business	No
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	No
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
29	Profitability for last three years	No
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

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

PROJECTED BALANCE SHEET

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected

	LIABILITIES
1	Capital at the beginning	20.009	20.831	19.948	19.136	18.354
	Add: Profit and Loss a/c	1.322	1.117	2.188	3.218	4.193
	Less: Withdrawals	0.500	2.000	3.000	4.000	4.000

	Capital at the end of the year	20.831	19.948	19.136	18.354	18.548

2	Deposits (Relatives)	2.900	2.900	2.400	1.900	1.200

3	Term Loans	30.000	27.188	23.438	19.688	15.938

4	Cash subsidy	20.000	20.000	20.000	20.000	20.000

5	Current Liabilities
	Sundry Creditors for Goods and Exp	0.000	0.000	0.000	0.000	0.000
	Bank Borrowings for W/c.	2.000	2.000	2.000	2.000	2.000
	Provision for taxation	0.000	0.000	0.000	0.000	0.000

	Total Current Liabilities	2.000	2.000	2.000	2.000	2.000

	TOTAL	75.731	72.035	66.974	61.942	57.685

	ASSETS
1	Gross Block (fixed Assets)	72.009	72.009	72.009	72.009	72.009
	Less: Depreciation	5.447	11.149	16.182	20.642	24.605

	Net Block	66.562	60.860	55.827	51.367	47.404

2	Investments	0.000	0.000	0.000	0.000	0.000

3	Current Assets
	Stock on hand	0.000	0.000	0.000	0.000	0.000
	Receivables	6.959	9.110	9.110	9.110	9.110
	Cash & Bank Balance	2.120	1.984	1.966	1.404	1.120
	Preliminary & Promotional exp.	0.090	0.080	0.070	0.060	0.050

	Total Current Assets	9.169	11.175	11.147	10.575	10.281

6	P & L. Account (Loss if any)	0.000	0.000	0.000	0.000	0.000

	TOTAL	75.731	72.035	66.974	61.942	57.685

	Debt Equity Ratio A(3)/ (A(1) + A(2)	1.31	1.15	1.05	0.94	0.82

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

BREAK EVEN ANALYSIS

(RS. IN MILLION)

SR. NO.	PARTICULARS		P & L BASIS	CASH BASIS

1	Installed Capacity	Bags	140000	140000

2	Year of Stable production

2	Production & Sales for the year mentioned in (2)
a	Capacity Utilisation	%	0.99	0.99
b	Production	Bags	138600	138600
c	Sales Volume	Bags	138600	138600
d	Unit Sale price	Rs.	110	110
e	Sales Revenue	Rs. Million	15.184	15.184
f	Profit Before Tax	Rs. Million	2.188	2.188
g	Total cost of production (e) – (f)	Rs. Million	12.996	12.996

4	Variable Costs
a	Raw materials	Rs. Million	0.000	0.000
b	Processing aids	Rs. Million	0.000	0.000
c	Power & Fuel	Rs. Million	2.039	2.039
d	Direct Labour & Wages (Salary)	Rs. Million	0.337	0.337
	Direct Labour & Wages (Contract)	Rs. Million	1.398	1.398
e	Consumables Stores	Rs. Million	0.277	0.277
f	Other mfg. Expenses	Rs. Million	0.000	0.000
g	TOTAL VARIABLE COST	Rs. Million	4.052	4.052
h	Add: Opening stock of SIP & FG	Rs. Million	0.000	0.000
i	Less: Closing stock of SIP & FG	Rs. Million	0.000	0.000
j	NET VARIABLE COST	Rs. Million	4.052	4.052
k	Variable cost per Unit {4(i)/3(b)}	Rs.	29	--

5	Fixed Cost: {3(g) – 4 (m) }	Rs. Million	8.943	8.943
6	Less: Depreciation	Rs. Million	5.447	5.447
	Add: Term Loan repayment	Rs. Million	--	3.750
	Net Cash Fixed Cost	Rs. Million	3.497	7.247

7	Marginal contribution per unit: 3(d) – 4 (m)	Rs.	80.316	80.32

8	B.E.P. Production Volume (6/8)	Bags	43535	--

9	B.E.P. Sales Revenue (9*3(d)	Rs. Million	4.769	--

10	B.E.P. Capacity Utilisation (9/1)*100	%	31.10	--

	CASH BREAK-EVEN
11	B.E.P. Production Volume (7/8)	Bags	--	90226

12	B.E.P. Sales Revenue (12*3(d)	Rs. Million	--	9.885

13	B.E.P. Capacity Utilisation (12/1)*100	%	--	64.45

	BREAK-EVEN PRICE
14	(Fixed cost + Total Variable Cost)/ Capacity for the year): (6+5(g)/(3(b)	Rs.	93.76	106.01

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

CASH FLOW STATEMENT

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected

A.	SOURCES OF FUNDS
1	Cash accruals	--	4.405	4.922	5.538	6.095
	(Viz. Net Profit before taxation and interest/ financial charges add back and but after depreciation provision

2	Increase in Share Capital	20.009	0.000	0.000	0.000	0.000

3	Depreciation	--	5.447	5.702	5.034	4.459

4	Investment Allowance/ Subsidy	20.000	--	--	--	--

5	Increase in Long Term Loans	30.000	0.000	0.000	0.000	0.000

6	Increase in D. P. Facilities	--	--	--	--	--

7	Increase in Unsecured Loans and Deposits	2.900	0.000	0.000	0.000	0.000

8	Increase in bank borrowings for W/C.	--	2.000	0.000	0.000	0.000

9	Increase in Current Liabilities	--	0.000	0.000	0.000	0.000

10	OTHERS:
	P & P Exp. Amortised	--	0.010	0.010	0.010	0.010

	TOTAL SOURCES (A)	72.909	11.862	10.634	10.582	10.565

B.	DISPOITION OF FUNDS
1	Preliminary and Pre-Operative Exp	0.100	--	--	--	--

2	Increase in Capital Expenditure	72.009	--	--	--	--

3	Increase in Current Assets
	Inventories	--	0.000	0.000	0.000	0.000
	Receivables	--	6.959	2.152	0.000	0.000
	Others: Deposit to GEB for power connection	0.000	--	--	--	--

	TOTAL	0.000	6.959	2.152	0.000	0.000

4	Decrease in Long- Term Loans	--	0.000	2.813	3.750	3.750

5	Decrease in Unsecured Loans & Deposits	--	0.000	0.000	0.500	0.500

6	Decrease in bank borrowings for W/C	--	0.000	--	--	--

7	Increase in Investments	--	--	0.000	--	--

8	Interest/ Financial Charges	--	3.083	3.805	3.350	2.877

9	Taxation	--	0.000	0.000	0.000	0.000

10	Profit Distribution (Interest + Remuneration)	--	0.500	2.000	3.000	4.000

11	Other Expenses	--	--	--	--	--

	TOTAL DISPOSITION (B)	72.109	10.542	10.769	10.600	11.127

C.	Opening Balance	0.000	0.800	2.120	1.984	1.966

D.	Net surplus (A-B)	0.800	1.320	(0.136)	(0.018)	(0.562)

E.	Closing Balance (C+D)	0.800	2.120	1.984	1.966	1.404

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RATIO ANALYSIS

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected

(A)	SOLVENCY RATIOS:
(a)	Debt : Term Liability	30.000	27.188	23.438	19.688	15.938
(b)	Equity (Partners capital only).	20.831	19.948	19.136	18.354	18.548

(1).	Debt : Equity Ratio	1.44	1.36	1.22	1.07	0.86

	Average Debt: Equity Ratio	0.97

(a)	Profit after tax + Depreciations + INTEREST	9.244	10.016	10.024	10.067	10.133
(b)	Term Loan installments & interest	2.475	6.009	6.552	6.139	5.727

(2).	D.S.C.R.	3.73	1.67	1.53	1.64	1.77

	AVERAGE D.S.C.R.	1.78

(a)	Net Profit after tax	1.322	1.117	2.188	3.218	4.193

(b)	P & P Expenses amortised	0.010	0.010	0.010	0.010	0.010

(c)	Payment to the partners	0.500	2.000	3.000	4.000	4.000

(d)	Retained profit [(a)-(b+c)]	0.812	(0.893)	(0.822)	(0.792)	0.183

(3).	Retained Profit to net Profit in %	61.42	(79.96)	(37.54)	(24.60)	4.37

(B)	LIQUIDITY RATIOS:
(a)	Current assets	9.079	11.095	11.077	10.515	10.231

(b)	Current Liabilities	2.000	2.000	2.000	2.000	2.000

(1).	Current Ratio	4.54	5.55	5.54	5.54	5.26

(a)	Net Sales	14.111	15.184	15.184	15.184	15.184

(b)	Net working capital	7.079	9.095	9.077	8.515	8.231

(2).	Working Capital Ratio	1.99	1.67	1.67	1.78	1.84

(C)	PROFITABILITY : (PROFIT MARGIN) RATIOS
(a)	Net sales	14.111	15.184	15.184	15.184	15.184

(b)	Gross Profit (excess of net sales over cost of goods sold	4.626	5.160	5.776	6.333	6.812

(c)	Profit after taxes: (denotes the margin of profit on sales revealing the operational efficiency of the unit in buying, manufacturing and selling operations.)	1.322	1.117	2.188	3.218	4.193

(1).	Gross Profit Ratio [(b)/(a)]*100	32.79	33.98	38.04	41.71	44.86

(2).	Operating Profit Ratio [(c)/(a)]*100	9.37	7.36	14.41	21.20	27.62

(D)	RATE OF RETURN : RATIOS
(a)	Net Profit before tax	1.322	1.117	2.188	3.218	4.193

	Term Loan Interest	2.475	3.197	2.802	2.389	1.977

	Total Return	3.797	4.314	4.990	5.607	6.170

(b)	Net worth +	20.831	19.948	19.136	18.354	18.548
	Term Liabilities	30.000	27.188	23.438	19.688	15.938

	Total capital employed	50.831	47.135	42.574	38.042	34.485

(1).	Return on Investment	7.47	9.15	11.72	14.74	17.89
	[(a)/(b)*100

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ASSESSMENT OF WORKING CAPITAL REQUIREMENTS

OPERATING STATEMENT

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected

1	GROSS SALES
a)	Domestic Sales	14.111	15.184	15.184	15.184	15.184
b)	Export Sales	--	--	--	--	--
c)	Processing Sales	--	--	--	--	--

	TOTAL (a+b+c)	14.111	15.184	15.184	15.184	15.184

2	Less : Excise Duty	0.000	0.000	0.000	0.000	0.000

3	Net Sales (1-2)	14.111	15.184	15.184	15.184	15.184

4	Percentage rise (+) or fall (-) in sales turnover as compared to previous year	--	7.61	0.00	0.00	0.00

5	COST OF SALES:
i)	Raw material (including stores and other items used in the process of manufacture)
	a) Imported	--	--	--	--	--
	b) Indigenous	0.000	0.000	0.000	0.000	0.000

ii)	Other Spares
	a) Imported	--	--	--	--	--
	b) Indigenous	0.258	0.277	0.277	0.277	0.277

iii)	Power & Fuels	1.895	2.039	2.039	2.039	2.039

iv)	Direct Labour	1.704	1.826	1.842	1.859	1.877

v)	Repairs & Maintenance	0.180	0.180	0.216	0.216	0.216

vi)	Other manufacturing expenses	0.000	0.000	0.000	0.000	0.000

vi)	Depreciation	5.447	5.702	5.034	4.459	3.963

vii)	Sub-total (I to vi)	9.484	10.025	9.408	8.851	8.373

viii)	Add: Opening Stock in process	0.000	0.000	0.000	0.000	0.000

	Less: Closing Stock in process	0.000	0.000	0.000	0.000	0.000

x)	COST OF PRODUCTION	9.484	10.025	9.408	8.851	8.373

xi)	Add: Opening Stock in finished goods	0.000	0.000	0.000	0.000	0.000

xii)	Less: Closing Stock in finished goods	0.000	0.000	0.000	0.000	0.000

6	Sub-total : COST OF SALES	9.484	10.025	9.408	8.851	8.373

7	GROSS PROFIT (3) – (6)	4.626	5.160	5.776	6.333	6.812

8	Selling, General and Administrative Expenses	0.212	0.228	0.228	0.228	0.228
	Financial Exp.	0.000	0.000	--	--	--

9	Operating Profit before interest (7-8)	4.415	4.932	5.548	6.105	6.584

10	Interest	3.083	3.805	3.350	2.877	2.381

11	Operating Profit after interest (9-10)	1.332	1.127	2.198	3.228	4.203

12	Interest and Remuneration to Partners/Director	0.000	0.000	0.000	0.000	0.000

i	Add: Non-operating income	0.000	0.000	0.000	0.000	0.000

ii	Less: Other non-operating expenses (net of other non-operating income/expenses	0.000	0.000	0.000	0.000	0.000

iii	P.P. Expenses amortised	0.010	0.010	0.010	0.010	0.010

13	Profit before tax/ loss [11-12+12(I)-(12(II)&III	1.322	1.117	2.188	3.218	4.193

14	Provision for taxes	0.000	0.000	0.000	0.000	0.000

15	Net Profit/ loss (13-14)	1.322	1.117	2.188	3.218	4.193

16	Equity Dividend paid (Profit distribution) Dividend rate @ %	0.000	0.000	0.000	0.000	0.000

17	Retained Profit (15)-(16)	1.322	1.117	2.188	3.218	4.193

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

ANALYSIS OF BALANCE SHEET

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected

	CURRENT LIABILITIES
1	Short term borrowing from banks (Including bills purchased and the excess borrowing placed on repayment basis)
a)	From applicant bank	2.000	2.000	2.000	2.000	2.000
b)	From Other banks	--	--	--	--	--

	Sub-Total (A)	2.000	2.000	2.000	2.000	2.000

2	Short Term borrowing from others	--	--	--	--	--

3	Deposits (maturing within one year)	0.000	0.000	0.000	0.000	0.000

4	Sundry creditors (Trade)	0.000	0.000	0.000	0.000	0.000

5	Advances/Progress payments from customers dealers, selling agents etc.	0.000	0.000	0.000	0.000	0.000

6	Interest and other charges accrued but not due for payment	0.000	0.000	0.000	0.000	0.000

8	Provision for taxation	0.000	0.000	0.000	0.000	0.000

9	Dividend payable	0.000	0.000	0.000	0.000	0.000

10	Other Statutory liabilities (Due within 1 year)	0.000	0.000	0.000	0.000	0.000

11	Installments of term-loans/ Deferred Payment Credits/ Debentures/ Redeemable Preference Shares (due within 1 year)	2.813	3.750	3.750	3.750	3.750

12	Other current liabilities and provision (due within 1 year) (Specify major items)	0.000	0.000	0.000	0.000	0.000

	Sub Total (B)	2.813	3.750	3.750	3.750	3.750

13	TOTAL CURRENT LIABILITIES (Total of item 1 to 12)	4.813	5.750	5.750	5.750	5.750

	TERM LIABILITIES
14	Debentures (Not maturing within 1 year)	0.000	0.000	0.000	0.000	0.000

15	Redeemable Preference Shares (not maturing within 1 year and also not maturing within 12 years	0.000	0.000	0.000	0.000	0.000

16	Term Loans (exclusive of installments payable within 1 year)	27.188	23.438	19.688	15.938	12.188

17	Hypothecation of vehicles and Deferred Payment Credits (exclusive of installments within 1 year)	0.000	0.000	0.000	0.000	0.000

18	Term Deposits (repayable after 1 year)	2.900	2.900	2.400	1.900	1.200

19	Other term liabilities	0.000	0.000	0.000	0.000	0.000

20	TOTAL TERM LIABILITIES (TOTAL (14) TO (19)	30.088	26.338	22.088	17.838	13.388

21	TOTAL OUTSIDE LIABILITIES (TOTAL 13+19)	34.900	32.088	27.838	23.588	19.138

	NET WORTH
22	Partner’s Capital/ Ordinary Share Capital	20.009	19.509	17.509	14.509	10.509

	Less: Withdrawals during the year	0.500	2.000	3.000	4.000	4.000

	Capital Balance end of year	19.509	17.509	14.509	10.509	6.509

23	Redeemable Preference Share Capital maturing after 12 years)	0.000	0.000	0.000	0.000	0.000

24	General Reserve/ Development Reserve	0.000	0.000	0.000	0.000	0.000

25	Subsidy/ Quasi-Equity	20.000	20.000	20.000	20.000	20.000

26	Other reserves (Excluding Provisions)	0.000	0.000	0.000	0.000	0.000

27	Surplus (+) or deficit (-) in profit and loss A/c	1.322	2.439	4.627	7.845	12.039

28	NET WORTH	40.831	39.948	39.136	38.354	38.548

29	TOTAL LIABILITIES (21) + (28)	75.731	72.035	66.974	61.942	57.685

	CURRENT ASSETS
30	Cash and Bank balances	2.120	1.984	1.966	1.404	1.120

31	Investment (other than long term Investment e.g. Sinking fund, Gratuity Fund etc.)	--	--	--	--	--

i)	Government and other trustee securities Limited Company and Co. Op. Bank Shares	0.000	0.000	0.000	0.000	0.000

ii)	Fixed Deposits with banks Margin Under L/C.	0.000	0.000	0.000	0.000	0.000

32	Receivable other than deferred and export receivable including bills purchased and discounted bankers) (60 days domestic sales)	6.959	9.110	9.110	9.110	9.110

ii)	Export receivables (including bills purchased and discounted by bankers	--	--	--	--	--
	(months Export Sales)

33	Installments of deferred receivables (due within one year)	0.000	0.000	0.000	0.000	0.000

34	Inventory
i)	Raw material (including stores and other items used in process
	a) Imported	--	--	--	--	--
	b) Indigenous	0.000	0.000	0.000	0.000	0.000

ii)	Stock in process	0.000	0.000	0.000	0.000	0.000

iii)	Finished Goods	0.000	0.000	0.000	0.000	0.000

iv)	Other Consumable Spares
	a) Imported	--	--	--	--	--
	b) Indigenous	0.000	0.000	0.000	0.000	0.000

	Total Inventory	0.000	0.000	0.000	0.000	0.000

35	Advance to suppliers of raw material and stores	--	--	--	--	--

36	Advance payment of taxes	--	--	--	--	--

37	Other current assets (specify major items, Deposits, Advances for Expenses and Adv. For Staffs)	0.000	0.000	0.000	0.000	0.000

38	TOTAL CURRENT ASSETS (26 to 33)	9.079	11.095	11.077	10.515	10.231

39	Gross block (land and building, M/c, furniture and Fittings, Vehicles etc.)	72.009	72.009	72.009	72.009	72.009

40	Depreciation to date	5.447	11.149	16.182	20.642	24.605

41	Net Block (Item 35-36)	66.562	60.860	55.827	51.367	47.404

	OTHER NON- CURRENT ASSETS
42	Investments/ book debts/ advances/ deposits which are not current assets
i)	a) Investments in subsidiary companies/Affiliates	--	--	--	--	--
	b) Others	0.000	0.000	0.000	0.000	0.000

ii)	Advances to suppliers of capital goods spares and contractors	--	--	--	--	--

iii)	Deferred receivables (maturity exceed. 1 year)	--	--	--	--	--

iv)	Other Margin FDR (Capital Work Expenses)	--	--	--	--	--

43	Lending Insurance Claims	0.000	0.000	0.000	0.000	0.000

44	Non-consumable stores and spares	0.000	0.000	0.000	0.000	0.000

45	Other non-current assets (Including dues for directors)	0.000	0.000	0.000	0.000	0.000

46	TOTAL OTHER NON-CURRENT ASSETS	0.000	0.000	0.000	0.000	0.000
	(Total for items 42 to 45)

47	Intangible Assets (patents, goodwill preliminary and formation expenses bad/doubtful debts not provided for etc.)	0.090	0.080	0.070	0.060	0.050

48	TOTAL ASSETS (Total of 38,41,46 and 47)	75.731	72.035	66.974	61.942	57.685

49	TANGIBLE NET WORTH (28-47)	40.741	39.868	39.066	38.294	38.498

50	Net Working Capital [(20+28)-(41+45+47)]	4.266	5.345	5.327	4.765	4.481

51	Current Ratio (38)/ (13)	1.89	1.93	1.93	1.83	1.78

52	Total Outside Liabilities/ Tangible Net Worth: (21)/(49)	0.86	0.80	0.71	0.62	0.50

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

POSITION REGARDING CURRENT ASSETS & CURRENT LIABILITIES

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected

1	Raw materials (including stores and other items used in process of manufacture)
a)	Imported (Months Consumptions)	--	--	--	--	--
b)	Indigenous
	Total Amount	0.000	0.000	0.000	0.000	0.000
	Months Consumption	--	--	--	--	--

2	Other Consumable Spares, excluding those including in 1 above
a)	Imported (Months Consumptions)	--	--	--	--	--
b)	Indigenous (30 days consumptions)
	Total Amount	--	--	--	--	--
	Months Consumption	0.000	0.000	0.000	0.000	0.000

3	Stocks in process
	Amount	0.000	0.000	0.000	0.000	0.000
	Months Consumption	--	--	--	--	--

4	Finished Goods
	Amount	0.000	0.000	0.000	0.000	0.000
	Months Cost of Sales	--	--	--	--	--

5	Receivables other than export & deferred Receivables (including bills purchased & discounted by bankers)
	(2 month domestic sales)
	Amount	6.959	9.110	9.110	9.110	9.110
	2 months Sales	--	--	--	--	--

6	DOC receivables (including bills purchased & discounted amt. IBP/FBP month Export sales	--	--	--	--	--

7	Advance to suppliers of the material & stores	0.000	0.000	0.000	0.000	0.000

8	Other current assets (including cash & bank balances & deferred receivables due within 1 year) (Specify major items)	2.120	1.984	1.966	1.404	1.120

9a)	TOTAL CURRENT ASSETS (To agree with item 38 in form III)	9.079	11.095	11.077	10.515	10.231

	CURRENT LIABILITIES
	(Other than bank borrowing for working capital)
10	Creditors for purchase of raw Materials, Stores and Consumable Spares
	Amount	0.000	0.000	0.000	0.000	0.000
	Months purchases	--	--	--	--	--

11	Advance payments from customers/deposits from dealers	--	--	--	--	--

12	Statutory liabilities	0.000	0.000	0.000	0.000	0.000

13	Other Current Liabilities (Specify major items)
a)	Short Term Borrowings Others	0.000	0.000	0.000	0.000	0.000

b)	Other Current Liabilities	0.000	0.000	0.000	0.000	0.000

c)	Installments of TL, DPG, Public Deposit	2.813	3.750	3.750	3.750	3.750

14	TOTAL (To agree with sub-total B-Form III)	2.813	3.750	3.750	3.750	3.750

15	NET WORKING CAPITAL GAP: (9) – (14)	6.266	7.345	7.327	6.765	6.481

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

COMPUTATION OF MAXIMUM PERMISSIBLE BANK FINANCE FOR WORKING CAPITAL

(RS. IN MILLION)

SR. NO.	PARTICULARS	2015-16 Projected	2016-17 Projected	2017-18 Projected	2018-19 Projected	2019-20 Projected

1	Total current assets (38 of form III)	9.079	11.095	11.077	10.515	10.231

2	Current liabilities (Other than bank borrowing)	2.813	3.750	3.750	3.750	3.750
	(10 of form III)

3	Working Capital Gap (15 of Form IV: (1)-(2)	6.266	7.345	7.327	6.765	6.481

4	Minimum Stipulated Net Working Capital:
	(a) 25% of working capital gap (3) above)	1.567	1.836	1.832	1.691	1.620
	(b) 25% of Total Current Assets (1) above)	2.270	2.774	2.769	2.629	2.558

5	Actual/ Projected Net Working Capital:	4.266	5.345	5.327	4.765	4.481
	Item (50) Form III)

	1^ST METHOD OF LENDING

6	Item (30 minus Item (4(a)	4.700	5.509	5.495	5.073	4.861

7	Item (3) minus Item (5)	2.000	2.000	2.000	2.000	2.000

8	Maximum permissible bank finance Item (6) or Item (7) whichever is less	2.000	2.000	2.000	2.000	2.000

9	Excess borrowing representing shortfall in Net Working Capital (Item (4(a) minus Item (5)	0	0	0	0	0
	To be converted into working capital term loan)

	2^ndMETHOD OF LENDING

10	Item (3) minus Item (4(b)	3.996	4.571	4.558	4.136	3.923

11	Item (3) minus Item (5)	2.000	2.000	2.000	2.000	2.000

12	Maximum permissible bank finance Item (10) or Item (110 whichever is less	2.000	2.000	2.000	2.000	2.000

13	Excess borrowing representing shortfall in Net Working Capital (Item (4(b) minus Item (5)	0	0	0	0	0

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

NETWORTH STATEMENT

MR. BHOGILAL AMBALAL PATEL

(RS. IN MILLION)

FIXED ASSETS OWNED

SR. NO.	DETAILS OF PROPERTY	WHETHER THE PROPERTY IS MORTGAGED?	NATURE OF PROPERTY RESI./ COMM/ INDU/ GODOWN	PRESENT MARKET VALUE

1	Agriculture Land [Sr. No. 119/2 (Total 01-41-64) At: Gadha, Ta. Modasa, Arvalli – 383315] 1/2 Share	No	Agriculture Land	2.450

2	Agriculture Land [Sr. No. 149 (Total 02-94-41) At: Gadha, Ta. Modasa, Arvalli – 383315] 1/2 Share	No	Agriculture Land	5.100

3	Agriculture Land [Sr. No. 150 (Total 01-45-65) At: Gadha, Ta. Modasa, Arvalli – 383315] 1/4 Share	No	Agriculture Land	1.225

4	Agriculture Land [Sr. No. 134/2 (Total 01-15-34) At: Gadha, Ta. Modasa, Arvalli – 383315] 1/4 Share	No	Agriculture Land	1.000

5	Agriculture Land [Sr. No. 137 (Total 03-08-57) At: Gadha, Ta. Modasa, Arvalli – 383315] 1/4 Share	No	Agriculture Land	2.681

6	Agriculture Land [Sr. No. 138/2/1 (Total 0-39-47) At: Gadha, Ta. Modasa, Arvalli – 383315] 1/2 Share	No	Agriculture Land	0.675

7	Agriculture Land [Sr. No. 38 (Total 01-55-80) At: Bayal, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	4.050

8	Agriculture Land [Sr. No. 45 (Total 01-75-03) At: Bayal, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	4.550

9	Agriculture Land [Sr. No. 46/1 (Total 01-58-81) At: Bayal, Ta. Modasa, Arvalli – 383315] in the name of Family (Self)	No	Agriculture Land	4.150

10	Agriculture Land [Sr. No. 39 and 37 (Total 01-98-81) At: Bayal, Ta. Modasa, Arvalli – 383315] in the name of Brother Chimanlal Patel	No	Agriculture Land	5.186

11	Resi. House At: Gadha, Uma Farm, Ta. Modasa, Arvalli	No	Resi. House	2.500

12	Hundai Assent GJ 01 HK 6627	No	Motor Car	0.150

13	Escort Tractor GJ 01 HH 39 its Equipments	No	Tractor	0.300

	Total			34.017

OTHER CURRENT ASSETS

SR. NO.	PARTICULARS	BALANCE AS ON 29.04.2015

1	Gold and Ornaments Value	1.145

TOTAL OF ASSETS

RS. 35.162 MILLION

BORROWINGS

SR. NO.	BORROWING FROM	SECURITY OFFERED	BALANCE AS ON 15.04.2015

1	Corporation Bank (KCC) Loan in the name of Self	Agriculture Land	0.591

2	Corporation Bank (KCC) Loan in the name of Chimanbhai Patel	Agriculture Land	0.541

	Total		1.132

TOTAL OF LIABILITIES

RS. 1.132 MILLION

NET MEANS

[ASSETS - LIABILITIES]

RS. 34.030 MILLION

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

NETWORTH STATEMENT

MR. AMITKUMAR B. CHAUDHARI

(RS. IN MILLION)

FIXED ASSETS OWNED

SR. NO.	DETAILS OF PROPERTY	WHETHER THE PROPERTY IS MORTGAGED?	NATURE OF PROPERTY RESI./ COMM/ INDU/ GODOWN	PRESENT MARKET VALUE

1	Agriculture Land [Sr. No. 217/97 (Total 1-08-25) At: Limbhoi, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	3.765

2	Agriculture Land [Sr. No. 217/9, 217/54 (Total 9-58-40) At: Limbhoi, Ta. Modasa, Arvalli – 383315] in the name of Father	No	Agriculture Land	33.350

3	Resi. House Gujarat Housing Society, At Modasa, Arvalli	No	Resi. House	5.000

4	Resi. House Limbhoi Campa, Ta. Modasa, Arvalli	No	Resi. House	2.000

5	Shop No. 12/B, 13/B, 14/C Ellora Shopping Centre, Megharaj Road, Modasa, Arvalli Area 35.86 Sq. Mt.	No	Shops	4.000

6	Maruti Alto GJ 09 H 2337	No	Motor Car	0.125

7	Tractor and its Equipments GJ 09 5130	No	Tractor	0.600

	Total			48.840

OTHER CURRENT ASSETS

SR. NO.	PARTICULARS	BALANCE AS ON 30.04.2015

1	Gold and Ornaments Value	0.536

TOTAL OF ASSETS

RS. 49.376 MILLION

BORROWINGS

SR. NO.	BORROWING FROM	SECURITY OFFERED	BALANCE AS ON 31.03.2015

1	State Bank of India (KCC) Loan	Agriculture Land	0.100

	Total		0.100

TOTAL OF LIABILITIES

RS. 0.100 MILLION

NET MEANS

[ASSETS - LIABILITIES]

RS. 49.276 MILLION

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

NETWORTH STATEMENT

MR. JAGADISHCHANDRA S. PATEL

(RS. IN MILLION)

FIXED ASSETS OWNED

SR. NO.	DETAILS OF PROPERTY	WHETHER THE PROPERTY IS MORTGAGED?	NATURE OF PROPERTY RESI./ COMM/ INDU/ GODOWN	PRESENT MARKET VALUE

1	Agriculture Land [Sr. No. 442/2 (Total 0-92-07) At: Limbhoi, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	8.400

2	Agriculture Land [Sr. No. 442/1 (Total 1-11-29) At: Limbhoi, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	10.150

3	Agriculture Land [Sr. No. 443/1 (Total 1-13-31) At: Limbhoi, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	10.350

4	Agriculture Land [Sr. No. 137 (Total 03-08-57) At: Amlai, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	4.000

5	Agriculture Land [Sr. No. 114 (Total 01-08-87) At: Amlai, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	4.100

6	Open Plot No. 13, Sr. No. 33/96 At Khalikpur, Ta. Modasa, District Arvalli Area 125 Sq. Mt.	No	Open Plot	1.650

7	Shop No. 1 and 16, Madhav Complex, Opposite Dream Land Cinema, Malpur Road, Modasa, District Arvalli Area 37.48 and 37.48 Sq. Mt.	No	Shop	4.000

8	Maruti Sift Vdi GJ 09 AG 9226	No	Motor Car	0.500

	Total			43.150

OTHER CURRENT ASSETS

SR. NO.	PARTICULARS	BALANCE AS ON 29.04.2015

1	Gold and Ornaments Value	1.127

TOTAL OF ASSETS

RS. 44.277 MILLION

BORROWINGS

SR. NO.	BORROWING FROM	SECURITY OFFERED	BALANCE AS ON 31.03.2015

1	Union Bank of India (Crop Loan)	Agriculture Land	0.006

	Total		0.006

TOTAL OF LIABILITIES

RS. 0.006 MILLION

NET MEANS

[ASSETS - LIABILITIES]

RS. 44.271 MILLION

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

NETWORTH STATEMENT

MR. HIMANSU VALLABHDAS PATEL

(RS. IN MILLION)

FIXED ASSETS OWNED

SR. NO.	DETAILS OF PROPERTY	WHETHER THE PROPERTY IS MORTGAGED?	NATURE OF PROPERTY RESI./ COMM/ INDU/ GODOWN	PRESENT MARKET VALUE

1	Agriculture Land [Sr. No. 536/2, (Total 1-40-63) At: Limbhoi, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	4.280

2	Agriculture Land [Sr. No. 536/1, (Total 1-40-63) At: Limbhoi, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	4.280

3	Agriculture Land [Sr. No. 156, 235/2, 492/2, 500/1, (Total 3-15-90) At: Limbhoi, Ta. Modasa, Arvalli – 383315 in the name of Father Mr. Vallabhbhai]	No	Agriculture Land	8.250

4	Resi. House D-65, Nalanda-2, Malpur Road, Ta. Modasa, District Arvalli	No	Resi. House	5.000

5	Shop No. F-105, Nalanda Arcade, Malpur Road, Ta. Modasa, District Arvalli, Area 16.91 Sq. Mt.	No	Shop	2.300

6	Shop No. F-4, Shri Ram City Centre, Char Rasta Ta. Modasa, District Arvalli, Area 24.46 Sq. Mt. 1/2 Shares	No	Shop	1.600

7	Shop No. Sr. No. F-12, Tulsi Business Centre, Himatnagar, District Sabarkantha – Area 26.52 Sq. Mt. Shares 67%	No	Shop	1.000

8	Shop No. Sr. No. F-171, Tulsi Business Centre, Himatnagar, District Sabarkantha – Area 19.32 Sq. Mt. Shares 67%	No	Shop	1.000

	Total			27.710

OTHER CURRENT ASSETS

SR. NO.	PARTICULARS	BALANCE AS ON 30.04.2015

1	Gold and Ornaments Value	1.703

TOTAL OF ASSETS

RS. 29.413 MILLION

BORROWINGS

SR. NO.	BORROWING FROM	SECURITY OFFERED	BALANCE AS ON 31.03.2015

1	Union Bank of India (Crop Loan)	Agriculture Land	0.508

	Total		0.508

TOTAL OF LIABILITIES

RS. 0.508 MILLION

NET MEANS

[ASSETS - LIABILITIES]

RS. 28.905 MILLION

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

NETWORTH STATEMENT

MR. ISHWARBHAI AMBARAM TRIVEDI

(RS. IN MILLION)

FIXED ASSETS OWNED

SR. NO.	DETAILS OF PROPERTY	WHETHER THE PROPERTY IS MORTGAGED?	NATURE OF PROPERTY RESI./ COMM/ INDU/ GODOWN	PRESENT MARKET VALUE

1	Agriculture Land [Sr. No. 801/2/2, 91/2/2 (0-93-08), 36/1 (0-19-22) (Total 1-47-71) At: Limbhoi, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	5.116

2	Agriculture Land [Sr. No. 793/2 (0-96-11), 655/5 (0-28-33), (Total 1-24-44) *1/6 At: Limbhoi, Ta. Modasa, Arvalli – 383315]	No	Agriculture Land	0.700

3	Open Plot No. 12, Sr. No. 465/1 At Limbhoi, Ta. Modasa, Arvalli – Area 212.43 Sq. Mt.	No	Open Plot	0.500

4	Residence House At Limbhoi, Ta. Modasa, Arvalli	No	Resi. House	2.000

5	Shop No. 10 & 11, Maruti Complex, Malpur Road, Modasa, District Arvalli – 383315 Area 24.08 Sq. Mt.	No	Shop	4.000

6	Plot No. 1, 2, 3, 4 Sr. No. 67 with Complex Construction at Khalikpur, Malpur Road, Modasa, District Arvalli	No	Comm. Complex	10.000

	Total			22.316

INVESTMENTS

SR. NO.	DETAILS OF INVESTMENT	BALANCE AS ON 31.03.2015

1.	Share Investment Value as per Demate Statement of Jhavery Securities Limited in the name of Self	1.265

OTHER CURRENT ASSETS

SR. NO.	PARTICULARS	BALANCE AS ON REPORT DATE

1	Gold and Ornaments Value	2.169

TOTAL OF ASSETS

RS. 25.750 MILLION

BORROWINGS

SR. NO.	BORROWING FROM	BALANCE AS ON 10.02.2015

1	The Limbhoi Seva Shakari Mandali Limited (Crop Loan)	0.045

	Total	0.045

TOTAL OF LIABILITIES

RS. 0.045 MILLION

NET MEANS

[ASSETS - LIABILITIES]

RS. 25.705 MILLION

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

NETWORTH STATEMENT

MR. RASIKBHAI SHANKARBHAI PATEL

(RS. IN MILLION)

FIXED ASSETS OWNED

SR. NO.	DETAILS OF PROPERTY	WHETHER THE PROPERTY IS MORTGAGED?	NATURE OF PROPERTY RESI./ COMM/ INDU/ GODOWN	PRESENT MARKET VALUE

1	Agriculture Land Sr. No. 207 (0-51-60) *1/2 At: Limbhoi, Ta. Modasa, Arvalli – 383315	No	Agriculture Land	2.250

2	Agriculture Land Sr. No. [597/1B (0-52-61), 398/2 (0-87-00), 632/01/1/1 (0-23-51), 398/3 (0-83-97) total 2-47-09 *1/3 At: Limbhoi, Ta. Modasa, Arvalli – 383315	No	Agriculture Land	4.200

3	Agriculture Land Sr. No. 598/1B (0-37-43) At: Limbhoi, Ta. Modasa, Arvalli – 383315	No	Agriculture Land	1.950

4	Residence Flat No. I-203, Swagat Flamingo, 2^nd Floor, S.G. High, Gandhinagar in the name of Self and his son	No	Resi. House	4.500

5	Residential Non Agriculture Land Sr. No. 1008/1/2 (2124 Sq. Mt.) Shares 25% At Pratij, Ta: Pratij, District Arvalli (Sabarkantha)	No	Resi. Plot	5.000

6	Maruti Alto Car GJ-9BB 8058	No	Car	0.325

7	Residence House At: Limbhoi, Ta. Modasa, Arvalli – 383315	No	Resi. House	1.200

	Total			19.425

OTHER CURRENT ASSETS

SR. NO.	PARTICULARS	BALANCE AS ON 31.03.2015

1	Gold and Ornaments Value	1.293

TOTAL OF ASSETS

RS. 20.718 MILLION

BORROWINGS

SR. NO.	BORROWING FROM	SECURITY OFFERED	BALANCE AS ON 28.02.2015

1	The Limbhoi Seva Cooperative Society (Crop Loan)	Agriculture Land	0.189

	Total		0.189

TOTAL OF LIABILITIES

RS. 0.189 MILLION

NET MEANS

[ASSETS - LIABILITIES]

RS. 20.529 MILLION

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

NETWORTH STATEMENT

MR. NIKUNJKUMAR P. PATEL

(RS. IN MILLION)

FIXED ASSETS OWNED

SR. NO.	DETAILS OF PROPERTY	WHETHER THE PROPERTY IS MORTGAGED?	NATURE OF PROPERTY RESI./ COMM/ INDU/ GODOWN	PRESENT MARKET VALUE

1	Agriculture Land Sr. No. 439/1, 236/2, 335/1, 495, 493, 438/1, 242/1, 223/1, 444/2, 492, 1, 338/2, 311/2, 308/2, 500/2 (Total 10-74-17) *1/2 At: Limbhoi, Ta. Modasa, Arvalli – 383315	No	Agriculture Land	35.000

2	Agriculture Land [Sr. No. 194 (4-92-08) *1/7] At: Vatda (Kabola), Ta: Modasa, Arvalli – 383315	No	Agriculture Land	2.100

3	Open Plot No. 10, Sr. No. 389/1, Magalam Society, Modasa, District Arvalli – area 83.53 Sq. Mt.	No	Open Plot	1.800

4	Resi. House At: Limbhoi, Ta. Modasa, Arvalli –	No	Resi. House	2.500

5	Maruti Estilo Zen GJ 09H 6333 in the name of his wife Tarulattaben Patel	No	Motor Car	0.200

6	Sonalika Tractor GJ 17 D 8719 and its equipments	No	Tractor	0.400

	Total			42.000

INVESTMENTS

SR. NO.	DETAILS OF INVESTMENT	BALANCE AS ON 31.03.2015

1.	Share Investment Value as per Demate Statement	0.253

OTHER CURRENT ASSETS

SR. NO.	PARTICULARS	BALANCE AS ON 31.03.2015

1	Gold and Ornaments Value	0.930

TOTAL OF ASSETS

RS. 43.183 MILLION

BORROWINGS

SR. NO.	BORROWING FROM	SECURITY OFFERED	BALANCE AS ON 16.03.2015

1	State Bank of India (KCC) Loan	Agriculture Land	0.293

	Total		0.293

TOTAL OF LIABILITIES

RS. 0.293 MILLION

NET MEANS

[ASSETS - LIABILITIES]

RS. 42.890 MILLION

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NETWORTH STATEMENT

MR. HEMANT P. PATEL

(RS. IN MILLION)

FIXED ASSETS OWNED

SR. NO.	DETAILS OF PROPERTY	WHETHER THE PROPERTY IS MORTGAGED?	NATURE OF PROPERTY RESI./ COMM/ INDU/ GODOWN	PRESENT MARKET VALUE

1	Agriculture Land [Sr. No. 125 (0-35-41), 126 (0-23-27), 138/1 (1-07-24), 353 (0-11-13) (Total 1-77-05) 1/4] At: Sakariya, Ta. Modasa, Arvalli – 383315 1/4	No	Agriculture Land	4.750

2	Agriculture Land [Sr. No. 122 (0-46-54 At: Sakariya, Ta. Modasa, Arvalli – 383315 1/4	No	Agriculture Land	1.250

3	Open Plot No. A, Block No. 350, Sr. No. 351 At: Sakariya, Ta. Modasa, Arvalli – area 1400 Sq. Mt.	No	Open Plot	1.000

4	Resi. House A, Block Sr. No. 350 At Sakariya, Ta. Modasa, Arvalli	No	Resi. House	2.000

5	Resi. House A, Block Sr. No. 350 At Sakariya, Ta. Modasa, Arvalli	No	Resi. House	2.000

6	Shop No. 12A, Ajanta Complex, Near Bus Station, Modasa, Arvalli – area 6.44 Sq. ft.	No	--	0.500

7	Maruti Ertica Zdi GJ-9 BA 7274	No	Motor Car	0.750

8	Mahindra Tractor GJ –E 4737	No	Tractor	0.300

9	Mahindra pilup Vehicles GJ 3 AV 8014	No	Vehicles	0.300

10	Mandal Equipments	No	Equipments	0.500

	Total			13.350

OTHER CURRENT ASSETS

SR. NO.	PARTICULARS	BALANCE AS ON 29.04.2015

1	Gold and Ornaments Value	1.251

TOTAL OF ASSETS

RS. 14.601 MILLION

BORROWINGS

SR. NO.	BORROWING FROM	SECURITY OFFERED	BALANCE AS ON 31.03.2015

1	Maruti Ertica Loan from Kotak Mahindra Bank	Car	0.232
2	Dena Gujarat Gramin Bank	Agriculture Land	0.260

	Total		0.492

TOTAL OF LIABILITIES

RS. 0.492 MILLION

NET MEANS

[ASSETS - LIABILITIES]

RS. 14.109 MILLION

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PROJECT REPORT

COLD STORAGE PROJECT

Umiya Cold Storage, Limbhoi, Modasa is promoted by Mr. Rasikbhai Shankarbhai Patel, Nikunjbhai Prabhudas Patel and Bhogilal Ambalal Patel and his relative/ friends. All partners are associated in cultivation, Trading activities with Cold Storages of Potatoes since long. They are one of the major potatoes growers at near Modasa and Dhansura and Himatnagar.

The growing awareness in the country for reducing the storage loss of grins and vegetable product and any storage program with the adoption of scientific principle would help to reduce wastage which in turn would increase food supply available to the people. The problem is much more obsolesce when dealing with fruits and vegetables since they are perishable commodities. These items include potatoes, vegetables and fruits are seasonal and there is a slack in the market during season and shortage during off season. The farmer are also not getting better price of their product in the season. Storage facilities for the such product during the season help farmer to gets better price of their products.

There are wide variety of foods and vegetables, which are grown in the country, which requires very specific temperature and humidity. The world over there has been a considerable development in post-harvest management practices of various horticulture crops. And there have been many technological innovations on cold chain to increase the self-life of horticulture products. At present there are about 3400 odd clod storages with an installed capacity of just over 10 million tone in the country. The majority of cold storages are in the private sector accounting for about 91% of the installed capacity. The share of the cooperative sector is about 7% and that of the public sector is just over 1% of the total capacity of about 8 million tones that had been created in the potato growing states only.

CONCEPT OF REFRIGERATION STORAGE:

The proper storage facilities such as refrigerated cold storage would provide the prevention of the potatoes, suppliers of fruit and vegetable and other food items to make them available during off season. Such storage would:

a) Reduce storage losses to minimum

b) Make the product available throughout the year to the customers

c) Help the growers to earn reasonable

d) Price for their product

e) Stabilize price of produce

There are two type of cold storage. One a frozen cold storage in which the temperature is bellows freezing, second is cold storage where the temperature is above freezing. Exact temperature to be maintained would depend upon commodity stored. The firm is to install 2^nd type of facilities.

PRODUCING CENTER

Any storage system including cold storage can be consider for the establishment either at producing center or consuming center. If the storage is to be set up in the area where the produce is being cultivate the advantage in the such cold storage would be that owners will be in direct touch with the producers from whom the and vegetable could be procured or storage or storage space can be rented. Modasa is and importance producing center of potatoes therefore proposed cold storage space can be rented to farmers which will help them to fetch better price.

Modasa and Dhansura Taluka are producing about 40 lack bags (50 kg Katta each) of potatoes every year, the major production is being nearby Modasa and Dhansura Modasa, Against which there are only six to seven cold storage which have capacity of potato are only 8 to 14 lack bags.

Thus there is large scope for setting up of new cold storage in the area and gives better scope for giving income in rental basis to traders-potatoes growers and their partners Mr. Bhogilal Patel is whole sale trading of Potatoes, therefore they have not problems face to fill the cold storage.

PROCESS OF COLD STORAGE

The Proposed cold storage plane is processing unit. The process consist of keeping the cooling system inside the storage building fully circulated so as to maintain the temperature at fixed level so that the stored agriculture product saved from getting decayed and useless.

The process of cooling is explained as under:

· Diffusers are installed inside the storage building. Ammonia in liquid form is passed through pipe lines from ammonia tank in the diffuser.

· After the diffuser are loaded with liquefied gas, the air is circulated around diffuser for cooling. Cold air is rotated inside the building with help of ducting arrangement.

· During the process of air circulation around the diffuser the liquid ammonia become hot and starts transforming in to Goa. The gas is sucked through pipes by the air compressors machine installed in machine room.

· The compressed ammonia Gas is brought through pipe line in cooling tank. The gas becomes cold in pipe line by circulation of water outside the pipes. The circular flow of water outside pipe lines makes the ammonia gas cold and help to convert the gas in to liquid form.

· Finally the liquid ammonia is transferred and loaded in ammonia tank for sending it again in diffuser for cooling the air.

Thus it is cyclical process in which the cooling of air is secured with half of ammonia.

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VALUATION REPORT

REPORT OF VALUATION IMMOVABLE PROPERTY (OTHER THAN AGRICULTURAL LANDS, PLANTATIONS, FOREST, MINES AND QUARRIES

(GENERAL DETAILS)

Purpose for which Valuation is made

For Collateral Security

Date as on which Valuation is made

13/08/2015

Name of the reported owner/ owners and address.

Patel Jagdishbhai Shmalbhai

Umiya Cold Storage,

Near Rajendranagar-Modasa S.H. Road, At. Limbhoi, Ta. Modasa, District Arvalli.

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

Sole Ownership

Brief Description of the property.

Industrial Land

Rectangular in Shape and Size

Location, Street, Ward no.

Near Rajendranagar-Modasa S.H. Road, At. Limbhoi, Ta. Modasa, District Arvalli.

Survey/ Plot No of Land

Limbhoi Survey No. 539 (Old S. No. 443/1)

Is the property situated in residential/ Commercial/ Mixed area/ Industrial area.

Mixed Area

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

Middle Class

Proximity to civic amenities, like school, hospital, offices, market, cinemas etc.

Near by

Means and proximity to surfaceommuni cation by which the locality is served

Just Near Rajendranagar-Maodas S.H. Road

LAND:

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

Total Area (Sq. Mt.): 6839.00

Road, streets or Lanes on which the land is abutting.

By Road

Is it freehold or lease-hold land?

Free Hold

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

(i) Initial premium

(ii) Ground rent payable per annum

(iii) Unearned increase payable to the lessor in the event of sale or transfer.

N.A.

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

Only Industrial Use

Are there any agreements of easements? If so,

N.A.

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

N.A.

Has any Contribution been made towards development or is any demand for such contribution still outstanding?

N.A.

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

N.A.

IMPROVEMENTS:

Furnish technical details of the building on a separate sheet.

N.A.

(i) Is the building owner-occupied/ tenanted/ both?

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

N.A.

What is the floor space index permissible and percentage actually utilised

F.S.I = 1.2

RENTS:

(i) Name of tenants/ lesses/ licensees

(ii) Portions in their occupation

(iii) Monthly or annual rent/ compensation/ licence fee, etc paid by each.

(iv) Gross amount received for the whole property.

N.A.

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

N.A.

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.

N.A.

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

Details not provided

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

N.A.

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

N.A.

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

N.A.

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

N.A.

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

Details not provided

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

N.A.

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

N.A.

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

N.A.

SALES:

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

N.A.

Land rate adopted in this valuation

780.00 Rs./ Sq. Mt.

If sale instances are not available or not relied upon, the basis of arriving at the land rate.

Market Rate

OTHER DETAILS:

E. Bill service connection details.

Not provided

Boundaries of the property

North

Adj. land of S. No. 443/1p

South

Adj. land of S. No. 446

East

Adj. land of S. No. 443/2

West

Adj. land of S. No. 443/1p

Tax details if available

Details not provided

Document referred

a Title deed and others

b Tax receipt and date

c Light bill

d Akarni patrak

e Abstract no. 7/12, 8-A or property card

f Title clearance certificate

g Any other details if available

Not provided

Provided

Not provided

Order, Lay Out Plan

PART-II VALUATION

The property under valuation is a Land (Industrial) at Umiya Cold Storage, Near Himatnagar-Modasa S.H. Road, At. Limbhoi, Ta. Modasa, District Arvalli.

The Land at Limbhoi Survey No. 539 (443/1 (Old S. No. 443/1) situated in between Mixed Area. The property located in Highly developed area Near. Modasa Town. The Marketability is Higher due to communication of State Highway Road, Hospital, School, Hospital etc.

VALUATION OF LAND

a) Size of the Land	--

b) Area of Land	6729.00 Sq. Mt.
	-----------------------------------
Total	6729.00 Sq. Mt.

c) Fair market rate considered	780.00 Rs./Sq. Mt.

d) Estimated present value	Rs. 5.249 Million

ABSTRACT OF VALUATION

Valuation of Land	Rs. 5.249 Million

Say	Rs. 5.250 Million

Fair Market Value	Rs. 5.250 Million

Realizable Value	Rs. 4.500 Million

Distress Value	Rs. 3.500 Million

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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. 66.18
UK Pound	1	Rs. 100.46
Euro	1	Rs. 74.61

INFORMATION DETAILS

Information Gathered by :	SVA

Analysis Done by :	KAR

Report Prepared by :	BVA

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.

MIRA INFORM REPORT

Unit