To,

The Branch Manager

State Bank Of India
Sme Prakash Nagar
Near Majholi Chauraha
Moradabad

Dear Sir,
As per your Letter No- ………...……………. Dated- …………………..

Valuation report of property belongiM/s Hierank Sugar Industries Private Limited

LOS No, FTS NO & REF NO.

Khata No. 235, Khasra No. 1628 Ja, Khata No. 132 , Khasra No. 1628
Da, Khasra No. 1628 Bha , Khasra No. 1628 Bha , Khasra No. 1628 Pa ,
Property Address
Khasra No. 1628 Dha , Khasra No. 1628 Ta Situated at Village-
Bagarpur, Pargana, Tehsil- Garmukteshwar, District-Hapud.
PO

Mobile No-
The total valuation to his/her property is Rs. 32384000.00

I have submit the valuation report in your reputed bank. Kindly paid my payment of under work.
Sl. Particulars Amount
1 Valuation report charges 8000.00
2 T.A. & D.A. charges 0.00
3 Estimate report charges 0.00
4 Map charges 0.00
5 GST Charges @18% 0.00
Total Payment Say Rs. 8000.00

Thanking You
Account No- 31149813789
Bank- State Bank of India
(IFSC
Mahanagar Branch Lucknow )
Code: SBIN0008189 Sicerely Yours
Name – Gaurav Vikas Er. Gaurav Vikas Singh
B.E. (Civil), M.I.E., F.I.V

FORMAT OF VALUATION REPORT

(To be used for all properties of value upto Rs. 5 Crore)

SBI Sme Prakash Nagar

NAME & ADDRESS OF BRANCH Near Majholi Chauraha
Moradabad

NAME OF CUSTOMER(S)/BORROWAL
M/s Hierank Sugar Industries Private Limited
UNITS

1
M/s Hierank Sugar Industries Private Limited through
Name of Reported Owner Director Shri Ankur Rastogi S/o Shri Baldev Sahay
Rastogi
i
Mobile No-
2 Property Details
a.

Khata No. 235, Khasra No. 1628 Ja, Khata No. 132 ,
Khasra No. 1628 Da, Khasra No. 1628 Bha , Khasra No.
Property Address 1628 Bha , Khasra No. 1628 Pa , Khasra No. 1628 Dha ,
Khasra No. 1628 Ta Situated at Village- Bagarpur,
Pargana, Tehsil- Garmukteshwar, District-Hapud.

b. Nearby Landmark/Google Map

Independent access to the property Attached in report
3 Document Details
a. Particulars Details Approval Authority Approval No
Layout Plan N/A -
Building Plan N/A -
 Construction Permission N/A -
b.
List of Copy of Sale Deed Bahi No. I, Zild No. 5536, Page-
Legal Document Yes
Document 365-378, Sr. No. 4385, Dated- 28/04/2023

4 Physical Details
Adjoining Properties
As per Document
East Land of others
West Land of others
North Highway N.H. 24
South Land of Ratan Singh etc.
As per Site Visit
East Land of others
West House of Others
North Highway N.H. 24
South Land of Ratan Singh etc.
Matching of Plot Approved Residenti Type of Residential
Boundaries Demar Land Use al Property
Yes cated Yes purpose

No. of Living Yes Bedrooms N/A Toilets N/A Kitchen N/A

Rooms
Total No of N/A Floor N/A Appr N/A Residual N/A Type of structure
Foors on ox. Age of Open Plot
which Age the
the of the Property
Propert Prope
y is rty
Locate
d

5 Tenure/Occupancy Details
Status of - Tenure/ Owner No. of Year of Since Relationship of NA
Owner Occupie Occupancy Sale Tenant or Owner
d Deed

6 Stage of Construction-
Stage of Construction - NA.
(Under construction/ Complete)
If under construction, extent of NA.
completion
7 Violations if any observed -
N.A.
8 Area Details of the Property - Khata No. 235, Khasra No. 1628 Ja Area = 0.0900 Hec.All Part of
Land 0.0816 Hec. & Khata No. 132 , Khasra No. 1628 Da Area =0.0200 Hec. & Khasra No. 1628
Bha Area = 0.0400 Hec. & Khasra No. 1628 Bha Area = 0.0400 Hec. & Khasra No. 1628 Pa Area =
0.0600 Hec. & Khasra No. 1628 Dha Area = 0.0100 Hect. & Khasra No. 1628 Ta Area =0.0300
Hect. Total 7 Khata No. Area = 0.2816 Hect. or 2816 Sqmt.

Site/ Plot Builtup Carpet Saleable ###

Area (in 2816.00 Area Area (in N/A Area 2816.00
Sqmt.) (in Sqmt) (in Sqmt)
Sqmt)
9 Value of Building Construction -

Plinth Area Age of Type of Rate- Rs. ... /-per

Particulars Value (Rs.)
(Sqmt) Building Structure Sqmt

0.00

Total Rs.
Depreciation
Net Value of Building construction Rs. 0.00
9 Value of land-
a. Land, D.M Circle Rate
D.M. Circle Rate for Land : Rs. 8400.00 /-per Sqmt
Value of Land
2816.00 @ 8400.00 Rs. 23654400.00
Adopting Circle Rate-
b. Present Market Rate -
The Market rates were cross checked from local property brokers/dealers. All facilities school,
Hospital, Bank, Shops, are nearby. Also during the local enquiries it was found that the market
rates in such an area are around Rs. 11,000=00/ Sqmt. – Rs. 12,000=00 Rs/ Sqmt. Two last sale
transaction is not available. I have applied a Market rate of Rs. 11,500 =00 Per Sqmt. which is on a
very safer side. I have made the valuation gathered by the facts by local enquiries through
property dealers & my experience in the field of valuation.

Keeping in view of above factors, Adopting

Market rate Rs. 11500.00 /-per Sqmt

Value of Land
Adopting Market Rate- 2816.00 @ 11500.00 Rs. 32384000.00

10 Total Value of Entire Property -

Description Total Guideline Value Rs. (GLR), Total Present Market Value Rs. (PMR)

Land Value 23654400.00 32384000.00

Building Value 0.00 0.00
Total Rs. 23654400.00 32384000.00
Say Rs. 23654400.00 32384000.00
Particulars Amount (Rs.)
 GLR Value of Property : 23654400.00
Fair Market Value of the Property : 32384000.00
Realizable Value of the Property : 29146000.00
Distress Value of the Property : 26232000.00

11 Assumptions Qualification in TIR/Mitigation suggested, if any NA

/
Property is SARFAESI compliant Yes
Whether Property belongs to social infrastructure like No
Hospital, School, Old Age Home etc.
Whether entire piece of the Land on which the unit is set Yes
up/property is situated has been mortgaged or to be
mortgaged.
Details of last two transactions in the locality/area to be NA
provided, if available.
Any other aspect which has relevance on the value or No
marketability of the property.

12 Declaration i. The Property was inspected by the undersigned on Date- 11/19/2024

ii. The undersigned does not have any direct/indirect interest in the above Property
iii. The information furnished herein is true and correct to the best of our knowled
iv. I have submitted Valuation report directly to the Bank

13 Name, address & Er. Gaurav Vikas Date of Valuation 11/20/2024

Signature of Valuer
with Wealth Tax/
(Engineer/Approved Valuer ) Place Lucknow.
Registration No.

Add:- OFF. Shop No. 2, 1st Floor,

Lamdmark Arcade, Near
Badshahnagar, Railway Station,
Lucknow (U.P.)
Signature of the valuer
14 Enclosures
A Layout Plan sketch of the area in which the property Attached in Report
Is located with latitude and longitude

B Building Plan N/A- Plot

C Floor Plan N/A- Plot

D Photograph of the property ( including geo stamping with date ) and Enclosed
Owner ( in case of housing loans , if borrower is available ) including a
“ Selfie ‘ Of the Valuer at the site

E Certified copy of the approved / sanctioned plan wherever applicable N/A- Plot
from the concerned office
E Certified copy of the approved / sanctioned plan wherever applicable N/A- Plot
from the concerned office

F Google Map location of the property Enclosed

G Price trend of the Property in the locality / city from property search N/A
sites VizMagickricks . com ,
99 Acres .com Marken . com etc

H Any Other relevant documents / Extracts None

As a result of my appraisal and analysis, it is my considered view that the present fair market value of the
above
32384000.00
Property in the prevailing condition with aforesaid specifications is Rs.

(Rupees Three Crore Twenty Three Lacs Eighty Four Thousand Only)

The realisable Value (90% of FMV) of the above property is Rs. 29146000.00

(Rupees Two crore Ninety One Lacs Fourty Six Thousand Only)

And the Distress value (90% of RV) is Rs. 26232000.00

(Rupees Two Crore Sixty Two Lacs Thirty Two Thousand Only)

Signature

(Name and Official seal of the Approved Valuer)

Place - Lucknow

Date - 11/20/2024

The undersigned has inspected the property detailed in the valuation Report dated

…………………………… on …………………….. . We are satisfied that the fair and reasonable

market value of the property is Rs. ………………….(Rupees………………. Only).

Signature

(Name of the Branch Manger with official seal)

Encl:
1 Declaration - cum - undertaking from the valuer (Annexure-IV)
2 Model code of conduct for valuer (Annexure-V)

Annexure- IV

Format of undertaking to be submitted by the Valuer

I, Er. Gaurav Vikas son of Sri Ashok Kumar Singh do hereby solemnly affirm and state that-
* I am citizen of India.
* I will not undertaking valuation of any assets in which I have a direct or indirect interest or become so
interested at any time during a period of three years prior to my appointment as valuer or three years
after the valuation of assets was conducted by me.

* The information furnished in my valuation report dated 20-11-2024 is true and correct to the best of my
knowledge and belief and I have made an impartial and true valuation of the property.
* I have personally inspected the property on 19-11-2024. The work is not sub- contracted to any other
valuer and carried out by myself .
* Valuation report is submitted in the format as prescribed by the Bank.
* I have not been depanelled / by any other bank and in case any such depanelment by other bank during
my empanelment with you , I will inform you within 3 days of such depanelment.
* I have not been removed / dismissed from service / employment earlier.
* I have not been convicted of any offence and sentenced to a term of imprisonment.
* I have not been declared to be unsound mind.
* I am not an undercharged bankrupt, or has not applied to be adjudicated as a bankrupt.
* I am not an undercharged insolvent .
* I have not concealed or suppressed any material information, facts and record and have made a complete
and full disclosure.
* I have not been levied a penalty under section 2 J of Income –tax Act, 1961 ( 43 of 1961 ) and limit for
filing appeal before Commissioner of Income –tax ( Appeals ) or Income –tax Appellate Tribunal , as the
case may be has expired , or such penalty has been confirmed by income – tax Appellate Tribunal , and
five years have not elapsed after levy of such penalty.
* I have not ben convicted of an offence connected with any proceeding under the income Tax Act 1957 or
Gift Tax Act 1958 and andof any events or happening which would make me ineligible for empanelment
* as
Mya PAN
valuer.
Card number/ Service Tax number - CWDPS4229L
* I have not concealed or suppressed any material information , facts and records and I have made a
complete and full disclosure.
* I have read the Handbook on Policy , Standards for Real Estate Valuation , 2011 of the IBA and this
report is in conformity to the “ Standards “ enshrined for valuation in the Part – B of the above handbook
to the best of my ability.
* I have read the international valuation standards (IVS) and the report submitted to the bank for the
respective asset class is in conformity to the standards as enshrined for valuation in the (IVS) in general
standards and asset standards as applicable.
* I abide by the model of conduct for empanelment of valuer in the Bank. ( Annexure V- A
signed copy of same to to be taken and kept and along with this declaration )

* I am registered under Section 34 AB of the Wealth Tax Act, 1957 - Yes

* I am valuer registered with Insolvency & Bankruptcy Board of india (IBBI) - NO
* My CIBIL Score and credit worthiness is as per Bank’s guidelines.
* I am the proprietor, who is competent to sign this valuation report
* I will undertake the valuation work on receipt of Letter of Engagement generated from the system (i.e
LLMS / LOS ) only
* Further , I hereby provide the following information .

S. No. Particulars Valuer Comment

1 Background information of the asset being valued. Residential Property
2 Purpose of valuation and appointing authority
To obtain fair market value, SBI
Sme Prakash Nagar
Near Majholi Chauraha
Moradabad

3 Identity of the valuer and any other experts involved in the

valuation Er. Gaurav Vikas

4 Disclosure of valuer interest or conflict, if any . None

5 Date of appointment , valuation date and date of report 19-11-2024/ 20-11-2024
6 Inspections and / or investigation undertaken 11/19/2024
7 Nature and source of the information used or relied upon
8 Procedures adopted in carrying out the valuation and Land & Building Method,Cost
valuation standards followed Approach, IVS
9 Restrictions on use of the report , if any For Bank use only
10 Major factors that were taken into account during the Rates of land in area, quality of
valuation work
11 Major factors that were not taken into account during the None
12 valuation
Caveats, limitations and disclaimers to the extent they None
explain or elucidate the limitation faced by valuer , which
shall not be for the purpose of limiting his responsibility
for the valuation report
 Date- 11/20/2024
Place- Lucknow
Signature
( Name of the Approved Valuer and Seal of the Firm /
Company)

MODEL CODE OF CONDUCT FOR VALUERS (Annexure- V)

Integrity and Fairness

1 A valuer shall, in the conduct of his/its business, fellow high standards high standards of integrity and
fairness in all his/its dealings with his/its clients and other valuers.
2 A valuer shall maintain integrity by being honest, straightforward, and forthright in all professional
3 relationships
A valuer shallendeavour to ensure that he/.it provides true and adequate information and shall not
misrepresent any facts or situations.
4 A valuer shall refrain from being involved in any action that would bring disrepute to the profession.
5 A valuer shall keep public interest foremost while delivering his service.
Professional competence and Due Care
Professional competence and Due Care

6 A Valuer shall render at all times high standards of service, exercise due diligence, ensure proper care
and exercise independent professional judgment.
7 A valuer shall carry out professional services in accordance with the relevant technical and professional
standard that may be specified from time to time.
 8 A valuer shall continuously maintain professional knowledge and skill to provide competent professional
service based on up-to-date developments in practice, prevailing regulations/guidelines and techniques.
9 In the preparation of a valuation report, the valuer shall not disclaim liability for his/its expertise or deny
his/its duty of care, except to the extent that the assumptions are based on statements of fact provided by
the company or its auditors or consultants of fact provide by the company or its auditors or consultants or
information availablein public domain and not generated by the valuer.

10 10. A valuer shall not carry out any instruction of the client insofar as they are incompatible with the
requirements of integrity, objectivity and independence
11 A valuer shall clearly state to his services that he would be competent to provide and the services for
which he would be relying on other valuers or professionals or for which the client can have a separate
arrangement with other valuers

Independence and Disclosure of Interest

12 A valuer shall act with objectivity in his/its professional dealings by ensuring that his/its decisions are
made without the presence of any bias, conflict of interest, coercion, or under influence of any party,
whether directly connected to the valuation assignment or not.

13 A valuer shall not take up assignment if he/it or any his/its relatives or associate is not independent in
terms of association to the company
14 A valuer shall maintain complete independence in his/its professional relationships and shall conduct the
valuation independent of external influences
15 15. A valuer shall wherever necessary disclose to the client, possible sources of conflicts of duties and
interests, while providing unbiased services

16 A valuer shall not deal in securities of any subject company after any time when he/it first becomes aware
of the possibility of his/its association with the valuation, and in accordance with the Securities and
Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 or till the time the valuation
report becomes public, whichever is earlier.

17 A valuer shall not indulge in “mandate snatching” or offering “convenience valuations” in order to cater
to a company or client’s needs.
18 As an independent valuer, the valuer shall not change success fee
19 In any fairness opinion or independent expert opinion submitted by a valuer, if there has been a prior
engagement in an unconnected transaction, the valuer shall declare association with the company during
the last five years

Confidentiality

20 A valuer shall not use or divulge to other clients or any other party any confidential information about
the subject company, which has come to his/its knowledge without proper and specific authority or
unless there is a legal or professional right or duty to disclose

Information Management
21 A valuer shall ensure that he/it maintains written contemporaneous records for any decision taken, the
reasons for taking the decision, and the information and evidence in support of such decision. This shall
be maintained so as sufficiently enable a reasonable person to take a view on the appropriateness of
his/its decisions and actions.
22 A valuer shall appear, co-operate and be available for inspections and investigations carried out by the
authority, any person authorized by the authority, the registered valuers organization with which he/it is
registered or any other statutory regulatory body.
23 23. A valuer shall provide all information and records as may be required by the authority, the tribunal,
Appellate Tribunal, the registered valuers organization with which he/it is registered, or any other
statutory regulatory body.
24 A valuer while respecting the confidentiality of information acquired during the course of performing
professional service, shall maintain proper working papers for a period three years or such longer period
as required in its contract for a specific valuation, for production before a regulatory authority or in its
contract for a specific valuation, for production before a regulatory authority or for a peer review. In the
event of a pending case before the tribunal or Appellate tribunal, the record shall be maintained till
disposal of the case.

Gifts and hospitality.

25 A valueropr his/ its relative shall not accept gifts or hostility which undermines or affects his
independence as a valuer .
26 A valuershal not offer gifts or hospitality or a financial or any other advantage to a public servant or any
other person with a view to obtain or retain work for himself /itself , or retain an advantage in the conduct
of profession for himself /itself

Remuneration and Costs

27 A valuer shall provide service for remuneration which is charged in a transparent manner , is a reasonable
reflection of he work necessarily and properly undertaken , and is not inconsistent with the applicable
rules.
28 A valuer shall not accept any fees or charges other than those which are disclosed in a written contract
with the person to whom he would be rendering service.

Occupation , employability and restriction

29 A valuer shall refrain from accepting too many assignments, if ha/it is unlikely to be able to devote
adequate time to each of his /its assignments
30 A valuer shall not conduct business which in the opinion of the authority or the registered valuer
organization discredit the profession

Miscellaneous

31 A valuer shall refrain from undertaking to review the work of another valuer of the same client except
under written orders from the bank or housing finance institutions and with knowledge of the concerned
valuer
32 A valuer shall follow this code as amended or revised from time to time
 Signature
( Name of the Approved Valuer and Seal
of the Firm / Company)
,
 Annexure- IV

Format of undertaking to be submitted by the Valuer

I, Ankit Awasthi son / of Sri Vinod Kumar A

* I am citizen of India.
* I have not
been
removed /
dismissed
* I have not
been
convicted
* Iofhave
any not been found guilty of misc

* I am not an undischarged insolvent.

* I have not
been
convicted
* My
of anPAN Card number / Service Tax
* I have
read and
and HFI in India 2010' of the IBA a
understoo
d the
constitute
d by the
* I
Departme
undertake
* Inthave not
to keep
concealed
you
or
suppresse
Signature-

Name- Ar. Ankit Awasthi.

Address- Flat No-KV/205, Block-B,

Kaveri Apartment, Sec-4, Gomti Nagar Extens
Lucknow (U.P.)
e Valuer

of Sri Vinod Kumar Awasthi do hereby solemnly affirm and state that-
f India.

en found guilty of misconduct in professional capacity.

ndischarged insolvent.

d number / Service Tax number as applicable is PAN Card No- BKLPA1495F

dia 2010' of the IBA and IBA guidelines ### On the basis of Rport of the Group #REF!
 Date - ###

05, Block-B,
4, Gomti Nagar Extension,
#REF!