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Lalitbhai Profile

Lalitbhai Popatbhai Thumar is seeking a 1 crore mortgage loan to acquire a 40% stake in Delux Petroleum, a petrol pump business. His current sources of income include water tanker operations generating 47 lacs annually and rent from 3 sheds totaling 60,000 per month. He also has a 14% stake in Vinayak Minerals. As collateral, he is offering a 4,879 square meter plot in his mother's name and a residential home in his father's name. Delux Petroleum has been operating since 1972 but is acquiring new partners, including Lalitbhai as a 40% owner, to continue running the business after disputes between previous partners.

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Vasoya Manoj
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34 views

Lalitbhai Profile

Lalitbhai Popatbhai Thumar is seeking a 1 crore mortgage loan to acquire a 40% stake in Delux Petroleum, a petrol pump business. His current sources of income include water tanker operations generating 47 lacs annually and rent from 3 sheds totaling 60,000 per month. He also has a 14% stake in Vinayak Minerals. As collateral, he is offering a 4,879 square meter plot in his mother's name and a residential home in his father's name. Delux Petroleum has been operating since 1972 but is acquiring new partners, including Lalitbhai as a 40% owner, to continue running the business after disputes between previous partners.

Uploaded by

Vasoya Manoj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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LALITBHAI POPATBHAI THUMAR

Name Lalitbhai Popatbhai Thumar


Address Village Jetalsar, Jetpur, Rajkot - 360370
Income Source Water Tanker Income
FY 19 20 (Sale Rs. 47 Lacs)
3 Shed on Rent (60,000 per month in cash)

Partner of Vinayak Minerals (14%)

Future Partner of Delux Petroleum (40%)


Assets NA Plot 4879 Sq. Mt. at Jetalsar
(In Mother Name)
Residential home at Jetalsar
(In Father Name)
Two Water Tanker

Four wheeler and two wheeler


Loan Proposal 1 Crore mortgage loan, this fund will be
utilize for acquisition of petrol pump

Security NA Plot 4879 Sq. Mt. at Jetalsar


CIBIL 795

1
Delux Petroleum

About Firm Running Petrol Pump since 1972 however


previous partners not interested in running
petrol pump due to dispute between them
New Partner after acquisition Lalitbhai Popatbhai Thumar (40%)
Lalji Vejabhai Toliya (40%)
Girishbhai Toliya (20%)
Address Plot 1/A, Jetpur GIDC, Rajkot – 360370
Cost of Acquisition 3 Crore
Sq. Mt. 2511.45

Petrol and Diesel Sale 56 Lacs (From 12-08-20 to 30-09-20)


From 12-08-20 new partner has started
running petrol pump
Running Credit facility Working Capital loan of Rs 40 Lacs at Rajkot
Nagrik bank, Jetpur Branch used by
previous partners
Hotel on Petrol pump Hotel Rent Rs 20,000 per month in cash
premises

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