Asst & Liability Networth - Statement SBM Mahendra Kumar Singhi

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The document provides details of Mahendra Kumar Singhi's assets and liabilities as of August 30, 2015 in order to satisfy the bank about his financial position.

Mahendra Kumar Singhi owns several immovable properties worth Rs. 2204.44 lacs, liquid assets of Rs. 25.50 lacs, shares worth Rs. 1322.425 lacs in Steel Hypermart India Pvt Ltd, life insurance policies with surrender value of Rs. 76.11 lacs, jewellery worth Rs. 116.35 lacs, vehicles worth Rs. 33.10 lacs and has invested Rs. 585 lacs as unsecured loan in Steel Hypermart India Pvt Ltd.

Mahendra Kumar Singhi has no borrowings from banks or markets but has an income of Rs. 2 lacs per month.

ASSETS AND LIABILITIES

I, MAHENDRA KUMAR SINGHI S/o, Sri PRITHVI RAJ SINGHI aged about 53 years [Date of birth]
08/12/1963 Place of birth by occupation BUSINESS resident of # NO 2/1A , “MANNAT” ,
NANJAPPA ROAD , SHANTI NAGAR , BANGALORE 560027 telephone No. [Office address Bangalore
560----- Telephone No. _9845012551 ], having PAN No.__AKIPS5439B__ and Pass Port
No.___________________ [xerox copies of PAN & Passport enclosed], do hereby solemnly affirm and declare
as follows:

1. That the State Bank Of Mysore ,a bank constituted under SBI (SB) Act, 1959 having its branch at M G
ROAD, ( herewith referred to as bank ) has at my request granted/and/or agreed to grant credit facilities
to the borrower M\s STEEL HYPERMART INDIA PVT LTD – BANGALORE and hence , this affidavit is
being sworn by me to satisfy the bank about my financial position.

That following are my statement / details of assets & liabilities as on _30.08.2015

a. DETAILS OF IMMOVABLE PROPERTY[IES] IN LACS


Place[s] Ancestral or self- If encum- Extent of Market Whether Whether
where acquired/belongin bered to land in value Rs. any case / agricultura
land[s] or g in individual what extent acres suit before l or non-
building[s] name/in joint any comp- agricultura
is/are names [if etent court l &
situated ancestral/in joint / authority whether
names – specify in respect incomes in
share thereof] of the ceiling
immov- area
able
property is
pending
AS PER DETAIL 2204.44 NO NO
ATTECHED
2204.44

b. LIQUID ASSETS:
Particulars Amount Rs. If encumbered to what Description
extent
c. CASH & BANK BALANCE

i] Cash 15.00 Nil


ii] Bank 10.50 Nil
d.GOVERNMENT Nil
SECURITIES [Please give full ---
details]

e. SHARES Nil
[Please give full details of
shares]
STEEL HYPERMART INDIA 1322.425
PVT LTD
OTHERS
f. LIFE INSURANCE POLICIES Nil

2
[Please furnish the surrender
value also]
POLICY NO.S:

SURRENDER VALUE 76.11

g. JEWELLERY 116.35
Vehicles wdv 33.10
h. INVESTMENT IN 585.00 Nil
BUSINESS / IN ASSOCIATE ASSETS TOTAL
FIRM, if any. UNSECURED
LOAN TO STEEL 4362.45 Lacs
HYPERMART INDIA PVT LTD
i. INCOME PER MONTH 2.00
j. LIABILITIES:
Particulars:
i] Borrowings from Banks 0.00 0.00 LIABILITIES
ii] Borrowings from Market
iii] Borrowings from other
sources.
iv] Assumed indirect liability
NET WORTH ( A- B ) 4362.45. Lacs

That I under take and declare further to notify to the State Bank Of Mysore, M G Road Branch , any change
whether by way of increase or diminution , in the assets and liability as details enclose above every year and
when required by the bank.

That the Statements / declarations made in this affidavit in paras above are true to my knowledge.

Place: Bangalore
Date: 15.01.2016 Signature

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