MIRA
INFORM REPORT
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Report Date : |
04.06.2011 |
IDENTIFICATION DETAILS
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Name : |
K RAHEJA CORP PRIVATE LIMITED (w.e.f. 01.03.2001) |
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Formerly Known As : |
PARAMOUNT HOTELS PRIVATE LIMITED |
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Registered Office : |
Plot No.C-30, Block G, Opp Sidbi Bandra Kurla Complex, Bandra (E),
Mumbai – 400051, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
08.11.1979 |
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Com. Reg. No.: |
11-021866 |
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Capital Investment / Paid-up Capital : |
Rs.604.800 Millions |
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CIN No.: [Company
Identification No.] |
U55100MH1979PTC021866 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMK11916C |
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PAN No.: [Permanent
Account No.] |
AAACP0522B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Real Estate Developer |
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No. of Employees: |
Not divulged by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 11809432 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established and reputed company having fine track. General financial position
is good. Trade relations are reported as fair. Business is active. Payments
are reported to be correct and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DECLINED BY
Management Non Co-operative (Name Not Disclosed)
LOCATIONS
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Registered Office : |
Plot No.C-30, Block G, Opposite SIDBI, Bandra Kurla Complex, Bandra
(E), Mumbai – 400051, Maharashtra, India |
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Tel. No.: |
91-22-26564000 |
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Fax No.: |
91-22-26565738 |
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E-Mail : |
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Regional &
Sales Office: |
Raheja Vihar,
Powai, Mumbai : (Contact : Bipin Kumar, Vijay Thakkar and Jeetendra Gupta) Raheja Vihar,
Off. Tel : 91-22-28571481 Fax : 91-22-28571708 Brooke Ville,
Mahim, Mumbai : (Contact : Raja Wadichor) Brooke Ville,
Opposite Bafna Society, Off Tel : 91-22-4364516
K Raheja Private Limited, Survey No. 144 and 145, Samrat Ashok Path, Off. Airport Road, Yerwada, Pune – 411006 Tel : 91-20-26112859/ 860/861
K Raheja IT Park
( Survey No. 64,
APIIC Software Layout, Next to Tel : 91-40-23113012/ 3013 Fax : 91-40-23112717 |
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Head Office : |
HOTELS: Mumbai
: “Karishma”, Jn. Of 6th and Tel: 91-22-649 4552/649 4560. Fax: 91-22-646 0465 BOOKING OFFICE Connaught Hotel, 37, Shahid Bhagat Singh Marg, Tel: 91-22-336 4225 Fax: 91-22-334 0757 |
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Branches : |
Located at :
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DIRECTORS
AS ON 30.09.2010
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Name : |
Mr. Raheja
Lachmandas Chandru |
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Designation : |
Director |
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Address : |
Raheja House, 53
A, Pali Hill, Bandra, Mumbai – 400050, |
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Date of Birth/Age : |
12.10.1940 |
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Profile : |
Mr. Chandru L. Raheja, 65, LLB from |
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Date of Appointment : |
10.08.1983 |
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Email : |
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Name : |
Mr. Raheja
Chandru Neel |
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Designation : |
Director |
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Address : |
Raheja House, 53
A, Pali Hill, Bandra, Mumbai – 400050, |
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Date of Birth/Age : |
27.06.1974 |
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Profile : |
Mr. Neel Raheja, 32, alumnus of Harvard Business School
(34th session of the Owner/President Management Program), Masters in Commerce
and LLB from Mumbai University, has over 11 years of experience in real
estate development, hospitality and retail. Mr. Raheja plays a leadership
role in the K Raheja Corp real estate development business. His key
directorships include Shoppers’ Stop, Hypercity, Inorbit and Chalet Hotels.
Mr. Raheja is a Member of the International Council of Shopping
Centers/Asia-Pacific Advisory Board of Directors. |
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Date of Appointment : |
16.05.1994 |
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Email : |
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Name : |
Mr. Raheja
Chandru Ravi |
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Designation : |
Director |
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Address : |
Raheja House, 53
A, Pali Hill, Bandra, Mumbai – 400050, |
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Date of Birth/Age : |
23.09.1971 |
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Profile : |
Mr. Ravi C. Raheja, 35, Masters of Business Administration
from |
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Date of Appointment : |
12.12.1996 |
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Email : |
KEY EXECUTIVES
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Name : |
Ms. Parmar Pravin
Priti |
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Designation : |
Secretary |
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Address : |
C/21, Modinagar Society,
Mathuradas Road, Kandivali (West), Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
08.03.1985 |
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Date of Appointment : |
01.06.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Palm Shelter
Estate Development Private Limited, Mumbai |
|
590400 |
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Raheja Chandru
Jyoti Raheja Lachmandas
Chandru |
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590400 |
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Raheja Lachmandas
Chandru Raheja Chandru
Jyoti |
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590400 |
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Casa Maria
Properties Private Limited |
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590400 |
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Raghukool Estate
Development Private Limited |
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590400 |
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Capatan Trading
Private Limited |
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590400 |
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Anbee
Construction Private Limited |
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590400 |
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590400 |
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Raheja Lachmandas
Chandru Karta of Lachmandas
Chandru HUF Raheja Chandru
Jyoti |
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230400 |
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Raheja Chandru Raheja Lachmandas
Chandru Raheja Chandru
Jyoti |
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547200 |
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Raheja Chandru
Neel Raheja Lachmandas
Chandru Raheja Chandru
Jyoti |
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547199 |
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Raheja Chandru
Neel Valecha M Ramesh |
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1 |
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Total |
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6048000 |
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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ICICI Prudential
Liquid Plan of ICICI Prudential Mutual Fund |
|
10000000 |
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Total |
|
10000000 |
As on 30.09.2010
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Equity Share Breakup |
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Percentage |
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Bodies
corporate |
|
58.58 |
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Directors
or relatives of directors |
|
37.62 |
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Other
top fifty shareholders |
|
3.80 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Real Estate Developer |
GENERAL INFORMATION
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Bankers : |
·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India,, Dr. Annie Besant Road, Worli,, Mumbai - 400018,
Maharashtra, India ·
Kotak Mahindra Bank Limited, 36-38a, Nariman Bhavan,
227,D, Nariman Point,, Mumbai - 400021, Maharashtra, India ·
IDBI Trusteeship Services Limited, Asian
Building, Ground Floor, 17, R, Kamani Marg, Ballard Estate,, Mumbai - 400001,
Maharashtra, India |
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Facilities: |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
G. M. Kapadia and
Company Charted
Accountants |
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Address : |
Tamarind House,
36 – B, Tamarind Lane, Mumbai – 400001, |
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Tel No.: |
91-22-22653996/
22655362 |
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Fax No.: |
91-22-22655472 |
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Subsidiaries : |
CIN No.: U65990MH1986PTC041752
CIN No.:
U45200MH2004PTC146464
CIN No.: U45400MH2007PTC175187
CIN No.: U45400MH2007PTC175189
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CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
7100000 |
Equity Shares |
Rs.100/- each |
Rs.710.000
Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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6048000 |
Equity Shares |
Rs.100/- each |
Rs.604.800
Millions |
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Out of the above 6006000 (6006000) equity shares
have been issued as Bonus Shares i.e. for consideration other than cash out of
Revaluation Reserve
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
604.800 |
604.800 |
604.800 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2347.558 |
2093.678 |
1746.768 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2952.358 |
2698.478 |
2351.568 |
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LOAN FUNDS |
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1] Secured Loans |
12491.984 |
11844.498 |
10258.091 |
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2] Unsecured Loans |
653.614 |
2431.814 |
1752.725 |
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3] Liability For Deferred Payment |
0.000 |
0.000 |
163.948 |
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TOTAL BORROWING |
13145.598 |
14276.312 |
12174.764 |
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DEFERRED TAX LIABILITIES |
0.000 |
5.311 |
17.845 |
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TOTAL |
16097.956 |
16980.101 |
14544.177 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1079.742 |
786.448 |
815.363 |
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Capital work-in-progress |
2.806 |
14.714 |
6.855 |
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INVESTMENT |
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Investment Properties |
542.556 |
556.686 |
2.067 |
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Investment Others |
1555.961 |
1554.966 |
0.000 |
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DEFERREX TAX ASSETS |
1.765 |
19.724 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
7523.661 |
6882.208 |
8231.859 |
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Sundry Debtors |
101.789 |
453.011 |
382.041 |
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Cash & Bank Balances |
548.213 |
365.857 |
586.965 |
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Other Current Assets |
0.000 |
0.000 |
0.000 |
|
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Loans & Advances |
8543.951 |
9302.952 |
7256.392 |
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Total
Current Assets |
16717.614
|
17004.028
|
16457.257 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
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Sundry Creditors |
591.386 |
661.759 |
NA |
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Other Current Liabilities |
3205.912 |
2274.120 |
4780.925 |
|
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Provisions |
8.192
|
20.587
|
21.035
|
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Total
Current Liabilities |
3805.490
|
2956.466
|
4801.960
|
|
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Net Current Assets |
12912.126 |
14047.563 |
11655.297 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
16097.956 |
16980.101 |
14544.177 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
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SALES |
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TOTAL |
|
3975.535 |
NA |
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EXPENSES |
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TOTAL |
|
3624.325 |
NA |
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PROFIT BEFORE
TAX |
|
282.447 |
343.967 |
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Less |
TAX |
|
33.968 |
(3.153) |
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PROFIT AFTER TAX
|
|
248.479 |
347.120 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
1658.904 |
1658.904 |
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Less |
APPROPRIATIONS |
|
253.879 |
346.911 |
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BALANCE CARRIED
TO THE B/S |
|
1658.904 |
1658.904 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
|
9.994 |
111.354 |
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TOTAL EARNINGS |
|
9.994 |
111.354 |
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IMPORTS |
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Raw Materials |
|
0.308 |
102.630 |
|
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TOTAL IMPORTS |
|
0.308 |
102.630 |
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|
Earnings Per
Share (Rs.) |
|
14.98 |
57.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
6.25
|
NA
|
NA
|
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|
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.59
|
1.93
|
NA
|
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|
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|
|
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.13
|
NA
|
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Debt Equity Ratio (Total Liability/Networth) |
|
5.74
|
6.38
|
7.22
|
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Current Ratio (Current Asset/Current Liability) |
|
4.39
|
5.75
|
3.43
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
In Millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors for Goods/Expenses |
591.386 |
661.759 |
NA |
Note : The registered
office address of the company is changed from Construction House A 24th
Road, Khar, Mumbai-400052, Maharashtra, India to present address w.e.f.
25.06.2008.
FIXED ASSETS:
- Free hold land – Jetha Kotak
- Free
- Free
- Building – The Resort
- Ownership Flat
- Building – Powai
- Plant and Machinery
- Electrical Installation
- Computer Sysytem and Access
- Vehicles
- Furniture and Fixture
- Cutlery/ Crokery/ Utensils
- Linen and Uniforms
- Cabanas and Temp
- Erections
ACTIVITIES
- The gross receipt of the construction
Division Powai Developers were Rs.263.500 Millions
- The progress on work on the ongoing
project as well as in the new project, started during the year, in ‘Hill
Crest Developers’ was satisfactory
- The construction of Mall at Vashi is in
progress
- The company has taken up the following
new properties during the year
At Vadgaon, Sheri, Pune – For Development of Industrial Park.
At Yeravada, Pune – Fro Development of
At Mahalaxmi, Mumbai – for Develpoment of Construction Project.
- The business / operations of the
company Hotels ‘The Resort’ were satisfactory.
Form 8:
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Name of the company |
K RAHEJA CORP PRIVATE LIMITED |
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Presented By |
K RAHEJA CORP PRIVATE LIMITED |
|
1) Date and
description of instrument creating the change |
19.04.2005 No instrument
being oral charge |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Rs.400.000
Millions |
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3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
Mortgage of: All that piece or
parcel of land or ground situate lying and being at Village Tungwa. Raheja Vihar,
Powai, Mumbai – 400072 admeasuring about 6223 sq. mtrs. Relating to proposed
Building No. 338. bearing Survey No. 52, bearing City Survey No. 119 F/ 1A of
Village Tungwa. And All that piece or
parcel of land or ground situate lying and being at Village Tungwa. Raheja
Vihar, Powai, Mumbai – 400 072 admeasuring about 2830 sq. mtrs. Relating to
proposed Building No. 33. bearing Survey No. 52, bearing City Survey No. 119
F/ 1A of Village Tungwa. |
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4) Gist of the terms
and conditions and extent and operation of the charge. |
This charge will
operate as a security for the total loan of Rs.400.000 Millions as follows: The term loan of
Rs.50.000 Millions granted by Indian Overseas Bank, Bandra Branch, Mumbai to
K raheja Private Limited and The term loan of
Rs.350.000 Millions granted by Indian Overseas Bank, Bandra Branch, Mumbai to
Ivory Properties and Hotels Private Limited Rate of
Interest: For the Term
Loan of Rs.50.000 Millions granted to K. Raheja Private Limited: Interest: RTL –
PLR minus 2.5% i.e. 9%FCTL – LIBOR + 3.5% subject to change from time to
time. For the term loan of Rs.350.000 Millions granted to Ivory
Properties and Hotels Private Limited BPLR – 2.50% with
a minimum of 8.50% p.a. subject to change from time to time Repayment: The term loan of Rs.50.000 Millions
granted to K raheja Private Limited to be repaid by 30.06.2005 The term loan of
Rs.350.000 Millions granted to Ivory Properties and Hotels Private Limited to
be repaid by 28.02.2007 |
|
5) Name and
Address and description of the person entitled to the charge. |
Indian Overseas
Bank Radhasoami
Apartments, T. P. S. III, |
|
6) Date and brief
description of instrument modifying the charge |
NA |
|
7) Particulars of
modifications specifying the terms and conditions or the extent of operations
of the charge in which modification is made and the details of the
modification. |
NA |
|
This form is for |
Creation of
charge |
|
Charge identification
number of the modified |
-- |
|
Corporate
identity number of the company |
U55100MH1979PTC021866 |
|
Name of the
company |
K Raheja Corp
Private Limited |
|
Address of the
registered office or of the principal place of business in |
Plot No. C-30,
Block G, Opposide SIDBI, Bandra Kurla Complex, Bandra(E), Mumbai-400051, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
IDBI Trusteeship
Services Limited E-mail : itsl@idbitrustee.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Indenture of Mortgage
dated 04.05.2009 |
|
Date of
instrument Creating the charge |
04.05.2009 |
|
Amount secured by
the charge |
Rs.1100.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 15.25% (floating)
payable monthly, linked to LHPLR, current LHPLR 14.75% Terms of
Repayment The total term is
48 months and the payment shall be in 24 monthly installments starting after
moratorium period of 24 months from the date of first disbursement. Margin NA Extent and
Operation of the charge The charge
operates as a security for the loan (together with interest and other
charges/ dues thereon) availed by the company from the LICHFL. Others NIL |
|
Short particulars
of the property charged |
Land and
structures thereon of first constructed seven wings viz B E F H I J K of
building No. 39 Phase I at Raheja Vihar, Powai, Mumbai Except the flats more
particularly described in the schedule III of attached indenture of mortgage |
|
Corporate identity number of the company |
U55100MH1979PTC021866 |
|
Name of the company |
K Raheja Corp
Private Limited |
|
Address of the registered office or of the
principal place of business in |
Plot No. C-30, Block
G, Opposide SIDBI, Bandra Kurla Complex, Bandra(E), Mumbai-400051, |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Immovable Property |
|
Particular of charge holder |
KOTAK MAHINDRA BANK LIMITED |
|
Nature of instrument creating charge |
Unilateral Indenture of Mortgage.
This is a registered Mortgage of unsold flats in Wings A, C, D & G of
Building No. 39 Raheja Vistas including
hypothecation of Sales Receivables
arising from purchasers of flats(sold/unsold) in Wings A, C, D & G
of Building No. 39 , Raheja Vistas . |
|
Date of instrument Creating the charge |
21/03/2011 |
|
Amount secured by the charge |
Rs.1300.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest As per sanction letter dated 9th February,
2011 Terms of Repayment Term Loan as per sanction letter dated 9th
February, 2011 Annexure A (for facilities 16 to 20) Short Term Loan: The loan shall be repaid
by banking of PDCs on due date OR by debiting to current/OD account of the
borrower OR by way of borrower issuing
a cheque/RTGS Credit/ funding of current account with Bank in such a manner that the Bank is in funds
to liquidate the loan on due date. Bill Purchase Discounting: By debit to
current account of the Company Extent and Operation of the charge Charge is created by way of exclusive
Registered mortgage of premises being unsold Flats in Bldg.no.39 Wings A,C,D
and G of Raheja Vistas together with their undivided share in demarcated land
adm. 21,200 sq. mtrs being subplot no B, CTS No.119F/1A, exclusive charge on
escrow account & exclusive charge over receivables for sold/unsold flats
from the said premises for credit facilities of Rs.1300.000
Millions.(Construction finance facility and Short term Loan) granted by Kotak
Mahindra Bank Ltd. to the Co. |
|
Short particulars of the property charged |
The unsold flats in Building No. 39-
Raheja Vistas consisting of A, C, D and G Wings of Building known as Raheja
Vistas as described in Annexure I of the Unilateral Indenture of Mortgage
together with their undivided share in demarcated land admeasuring 21,200
sq.mts. of Building No. 39 Sub-Plot No.B as described in Annexure I of the
Unilateral Indenture of Mortgage. The above property is situated at Sub-Plot
B bearing CTS No. 119F/1A, Village Tunga, Off Chandivali Farm Road,
Powai, Village Tunga, Taluka Kurla
(West), Mumbai. The sales receivables
arising from sale of flats sold/unsold in Wings A, C, D &
G of
Building No.39, Raheja Vistas |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.85 |
|
|
1 |
Rs.73.29 |
|
Euro |
1 |
Rs.64.89 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.