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    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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    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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    13 views2 pages

    Lalitbhai Profile

    Uploaded by

    Vasoya Manoj
    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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    of 2

    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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