DRAFT

Our Ref: STC-2/MF/NBP//2011 June 04, 2011

M/s National Bank of Pakistan “VALUATION CERTIFICATE”

Main Branch,
LAHORE.

SUBJECT : VALUATION OF HOUSE ON A/C OF M/S REHMAN TRADERS,

LOCATED AT PLOT NO. 7, BLOCK-R, M.A JOHAR TOWN,
LAHORE.
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SUMMARY OF VALUATION

S. NO. DESCRIPTION PRESENT FORCED SALE FORCED SALE

MARKET DISCOUNT VALUE
VALUE FACTOR (RS)
(RS)
1. Land 10,000,000 0.90 9,000,000
(10%)
2. Building 1,100,000 0.90 990,000
(10%)
Total = 11,100,000 9,990,000

This certificate is based on approximate assessment values, which have been derived and
evaluated to the best of our professional knowledge and present market information furnished by
owner/representative, prevailing condition of the property/asset and our sources of market
information. This certification is also entirely subject to ownership/title deeds of the assessed
property/asset being clear and unencumbered in all financial respects.

ISSUED WITHOUT PREJUDICE AND ANY LIABILITIES, on this day of June 04, 2011.

Yours faithfully,
For STAR TECH CONSULTANTS

CHAUDHARY IMRAN HASSAN

(Principal Executive)

Encl: 1-Detailed Annexure ‘A’ is attached.

2-Photographs
Our Ref: STC-2/MF/NBP//2011 2 DRAFT

ANNEXURE ‘A’

CLIENT'S NAME : M/s Rehman Traders.

BANKER : M/s National Bank of Pakistan, Main Branch, Lahore.

LOCATION OF : Plot No. 7, Block-R, M.A Johar Town, Lahore.

PROPERTY

INSPECTION DATE : 24-05-2011

PROPERTY DETAILS
NATURE OF : Residential
PROPERTY

USE OF : Property is being used as an office.

PROPERTY

OWNER OF : Mr. Riaz Anjum S/o Mr. Muhammad Anjum

PROPERTY (As per Copy of Possession Letter)

PERSON MET : Mr. Roshan Din

DOCUMENTS : Copy of Possession Letter Provided to us.

PROVIDED

BOUNDARIES : East : Plot No. 7A-R

West : Open Plot No. 6-B
North: 150' Wide Road
South: Another Open Plot (Back Side)

LAND DETAILS (As per copy of Possession Letter)

S. NO. DESCRIPTION OWNERSHIP AREA OF LAND
1. Plot No. 7, Block-R, M.A Johar Mr. Riaz Anjum S/o Mr. 418.74 Sq. M
Town, Lahore. Muhammad Anjum

TOTAL = 418.74 Sq. M

AREA OF LAND : 418.74 Sq. M = 1 Kanal

(As per Copy of Possession Letter)

BASIS OF LAND VALUATION

For Valuation of land we are keeping in view the location of land and our inquiries in the vicinity
and also through property dealers of the area. We have thus determined a fair market rate of Land
and assessed the present market value as under:

VALUE OF LAND : 1 Kanal @ Rs 10,000,000/- per Kanal = Rs 10,000,000/-

Our Ref: STC-2/MF/NBP//2011 3 DRAFT

FORCED SALE VALUE OF LAND:

In case of Forced Sale, we are of the opinion that
the realizable value would decrease by about 10%.
Hence, Forced Sale Value
= 0.90 x 10,000,000/- = Rs. 9,000,000/-

BUILDING DETAILS
YEAR OF CONST’N : 2007 (As told)

TYPE OF CONST’N : Precast Roof, Marble/Cement Concrete Flooring, Brick Flooring

Plastered Wall, Plastered and Distempered Walls Thickness of Walls 9
& Height of Roof 11'.

ACCOMMODATION : Ground Floor : 1 Office, 1 Hall, 2 Bath Rooms, 3 Rooms, Car

Porch.
COVERED AREA : Ground Floor : 1,698 Sft.

BASIS OF BUILDING VALUATION

For valuation of Building, a physical inspection of the building was carried out by us and during
our visit we noted construction specifications, covered areas etc. Keeping in view the present
condition of the building, we have calculated Present Market value as under:
VALUATION OF BUILDING:
Sr. NO DESCRIPTION. YEAR OF COVERED DEP RATE DEP.
CONST’N AREA. OF MARKET
CONST’N. VALUE
(As told) (Sft) (Rs.) (RS)
1 Ground Floor 2007 1,698 500 849,000

2. Boundary Wall, Main 2007 L/S L/S 250,000

Gate, Flooring in Open
Area, Over Head Water
Tank etc.
TOTAL 1,099,000

PRESENT MARKET VALUE OF BUILDING Say = Rs 1,100,000/-

FORCED SALE VALUE OF BUILDING:

In case of Forced Sale, we are of the opinion that
the realizable value would decrease by about 10%.
Hence, Forced Sale Value
= 0.90 x 1,100,000/- = Rs. 990,000/-
Our Ref: STC-2/MF/NBP//2011 4 DRAFT

SPECIAL CONSULTANT REMARKS ABOUT PROPERTY

Before any financing or settlement Authenticity of Property documents, verification of khasra
numbers./Property Numbers as per ownership documents, exact demarcation of Land, any
encroachment, violation, Originality/genuineness of property, already mortgaged with any other
financial Institution and other legal aspects should be verified by the legal department of the
Concerned Institute.

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