Manasa Organics Limited Sale of factory at prime location at vizianagaram Dist. Andhra Pradesh.
M/s Manasa Organics Limited was set up and started commercial production in the year 1999-2000 to produce dye intermediate (6-Nitro-1 - Diazo – 2- Naphthol – 4 – Sulfonic acid) with a installed capacity of 750 TPA located at plot nos: 24-38, IDA, Nellimarla, Vizianagaram District, AP. The unit is not in-production since 2006. The plant is in operation since 2000 to 2006 with a maximum achieved plant load of 40 Tons / month (Max. Plant Capacity is 62.5 Tons/month). APITCO has visited M/s. Manasa Organics Limited factory site located on 07 acre Land in plot nos: 24-38 IDA, Nellimarla, Vizianagaram district, Andhra Pradesh, India.
M/s/ Manasa organics limited's Assets Value Rs. 991 in Lakhs.
M/s/ Manasa organics limited's Assets Value Rs. 991 in Lakhs.
1. INTRODUCTION
M/s Manasa Organics Limited has its dye intermediate manufacturing plant at Nellimarla, Vizianagaram District, Andhra Pradesh.
The dye intermediate produced is 6-Nitro-1 - Diazo – 2- Naphthol – 4 – Sulfonic acid, which is very important dye intermediate for manufacture of various dyes.
1.1 Location
M/s Manasa Organics Limited is situated at Nellimarla, Vizianagaram District, Andhra Pradesh, a well developed industrial area which is with in 05 Km from Vizianagaram. The site is surrounded by Small, medium & Large scale industries such as; AP Tanners and many more small units. It is in developed area with all infrastructural facilities to set-up industries.
2.0 VALUATION OF LAND, BUILDINGS& CIVIL WORKS AND PLANT & MACHINERY.
2.1 Details of Land:
The unit M/s. Manasa Organics Limited is located on 07 acre Land in plot nos: 24-38 IDA, Nellimarla, Vizianagaram district, AP.
North : Road
East : Road
South : Road
West : Road
2.2 Details Of Buildings & Civil works
The details of Buildings & Civil works are as mentioned below:
S No. | Description |
1 | Administrative office : |
2 | Raw material storage |
3 | Main process plant |
4 | Generator building |
5 | |
6 | Pilot plant building |
7 | |
8 | Compounds |
9 | Security building |
2.3 Details of Plant & Machinery
The details of Plant & Machinery are given below:
1 | MS Rubber lined (V1) - 5KL |
2 | MS Rubber lined (V2A) - 22KL |
3 | MS Brick lined (V2B) - 22KL |
4 | MS Lead & Brick lined (V3A) - 30KL |
5 | MS Lead & Brick lined (V3B) - 30KL |
6 | MS Lead & Brick lined (V4) - 15KL |
7 | MS Lead & Brick lined (V5) - 27.5KL |
8 | SS 316 Nitration machine (V6)- 12 KL |
9 | MS Rubber lined (V7, V8A, V8V) - 12KL |
10 | MS Lead & Brick lined (V9) - 24KL |
11 | MS Lead & Brick lined (V9) - 12KL |
12 | Pulverizer |
13 | Dryers & Components |
14 | Boilers - 600 kg/Hr, 15kg Pressure |
15 | Filter press & Components |
16 | Cranes - 5ton |
17 | Cranes - 3ton |
18 | Centrifuges |
19 | Electronic Balance 300kgs |
20 | Blowers |
21 | Vacuum Pump |
22 | MS Tanks (ST- 1 & 2) 50KI |
23 | MS HNO3 Tanks (ST - 3)12KI |
24 | MS NAOH Tanks (ST - 4)12KI |
25 | MS Rubber lined ST - 32 KL |
26 | MS Rubber lined ST - 50 KL |
27 | SS 316 Nitric Acid ST - 12KL |
28 | MS Rubber lined (ST - 7, 8,9, 10A & 10B) |
29 | Scrubber |
30 | Ice trolleys |
31 | Pilot Plant |
32 | Generator - 380KVA |
33 | Ice plant with chiller |
34 | Generator 25 KVA |
35 | HPCL Testing system |
36 | Piping & Supporting structures |
37 | Electrical transformer & Yard - 630 KVA |
38 | DM plant |
39 | ETP ( |
40 | Air Compressor - ELGI 10.5 HP |
41 | Lab Equipments |
SS & MS RUBBER LINED DAY TANKS | |
1 | MS tanks with fittings - 1.2KL |
2 | MS tanks with Rubber lining & fittings - 1.2KL |
3 | SS 316 with SS Fittings |
4 | EOT Cranes supports, Rails & Electricals |
5 | Cables and Switch gear room |
6 | cooling tower coils & pumps and lines |
3.0 Valuation of Land, Buildings & Civil Works and Plant & Machinery
3.1 VALUATION OF LAND
The unit M/s. Manasa Organics Limited is located on 07 acre Land in plot nos: 24-38 IDA, Nellimarla, Vizianagaram district, AP.
According to information collected from APIIC, value of Land is Rs.4.84 Lakhs per Acre . Xerox copy of Sub-registrar office statement (CARD-Computer Aided Registered Document) Based on enquiry from local and real-estate agencies, Land value is between Rs 20 Lakhs to Rs.30 Lakhs per Acre and the average rate of Rs 25 Lakhs is considered for valuation.
The methodology adopted in arriving Fair Market /Realizable value is by adding 75% of the enquired Market value plus 25 % of APIIC value of the above said property
Rs in Lakhs
S.No | Details Of Land | Extent in Acres | APIIC Value | Market Value | Average Value in 25:75% | ||
Rate | Value | Rate | Value | ||||
1 | 7.0 | 8.0 | 56 | 25 | 175 | 145.25 | |
The Average of Market value & APIIC value as calculated above is considered as the Replacement value/Fair Market value & Realizable value of the Land.
Replacement value of Factory Land
Fair Market value of Factory Land
Realizable value of Factory Land
3.2 Valuation of Buildings and Civil Works
The general method of valuation of Buildings and Civil Works is based on current rate of construction minus depreciation for the elapsed time and visual observation of the condition of structures. Replacement value is computed based on current rates of construction. Depreciated Replacement value is considered as Fair Market value. Depreciation is allowed based on straight-line method. The life of structures was taken based on their quality of construction. The life of Civil RCC structures is considered as 50 years. The life of AC sheet structures is considered as 40 years.
The Realizable value is taken as 90% of the Fair Market value. The details of specification, valuation of Buildings & Civil works.
The summary of value of buildings and civil works is as under:
Replacement value of Buildings & Civil work : Rs. 254.45 Lakhs
Fair Market value of Buildings & Civil works : Rs.217.26 Lakhs
Realizable value of Buildings & Civil works : Rs 205.68 Lakhs
3.3 Valuation of Plant and Machinery
The methodology adopted in the valuation of Plant and Machinery is by taking into account the original procurement values and current Market values of equipment. Inspection of the Plant and Machinery is done critically during our plant visit to ascertain the condition of the Machinery.
Original purchase value of the Machinery is ascertained from the list submitted by promoter by Interpolating the Machinery price index issued by RBI and also taking current prices of equipment obtained from the Machinery suppliers.
Depreciation at 10% is calculated based on the written down value method for the age of Machinery. Depreciated value is considered as Fair Market value.
The Realizable value is taken as 85% of the Fair Market value, based on condition of the Machinery and Market condition.
The details of valuation of Plant and Machinery as follows:
Replacement value of Plant & Machinery : Rs 1314.43 Lakhs
Fair Market value of Plant & Machinery : Rs 628.68 Lakhs
Realizable value of Plant & Machinery : Rs 534.38 Lakhs
3.0 SUMMARY OF ASSET VALUATION
The total value of Land, Buildings & Civil works and Plant & Machinery is
Rs in Lakhs
S.No | Particulars | Replacement Value | Fair Market Value | Realizable Value |
1 | 145.25 | 145.25 | 145.25 | |
2 | Buildings & Civil works | 254.45 | 217.26 | 205.68 |
3 | Plant & Machinery | 1314.43 | 628.68 | 534.38 |
Total | 1714.13 | 991.19 | 885.31 |
v Fair market Value of Land, Buildings & Civil works including Machinery foundations) and Plant & Machinery of M/s Manasa Organics Ltd is Rs. 991.19 Lakhs.
v Realizable value of Land (including land for expansion), Buildings & Civil works including Machinery foundations) Plant & Machinery of M/s Manasa Organics Ltd is Rs. 885.31 Lakhs.
we are interested to purchase land of the factory. please contact 9849228526.
ReplyDeleteWe are interested in the land
ReplyDeletePlease contact 7989804597