MIRA
INFORM REPORT
|
Report Date : |
05.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
HEMKUND CLASSIC RESORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-121, Mangal Marg, 401 Golden Nest Building, Bapu Nagar, Jaipur,
Rajasthan |
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|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
31.01.2007 |
|
|
|
|
Com. Reg. No.: |
17-23750 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U55101RJ2007PTC023750 |
|
|
|
|
IEC No.: |
1309012849 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRH02742F |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCH8225Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Hospitality Industry. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. The valuation report and networth statement provided
are satisfactory. No complaints have been heard from indirect or market
sources. It would be advisable to take adequate securities while dealing with
the subject. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Jagjit Singh Gill |
|
Designation : |
Director |
|
Contact No.: |
91-9414045244 |
|
Date : |
21.02.2011 |
LOCATIONS
|
Registered Office : |
C-121, Mangal Marg, 401 Golden Nest Building, Bapu Nagar, Jaipur, |
|
Tel. No.: |
91-141-6458351 |
|
Mobile No.: |
91-9414045244 (Mr. Jagjit Singh Gill) |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Site Office : |
Natata, Near RIICO Industrial Area, Kukas, Jaipur – 302028, |
|
Tel. No.: |
91-141-6458351 |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Jagjit Singh Gill |
|
Designation : |
Director |
|
Address : |
C-121, Mangal Marg, 401 Golden Nest Building, Bapu Nagar, Jaipur, |
|
Date of Birth/Age : |
20.07.1968 |
|
Qualification : |
B. Sc. |
|
Date of Appointment : |
31.01.2007 |
|
PAN No.: |
ADUPG9706C |
|
|
|
|
Name : |
Mr. Sukhminder Singh Pandher |
|
Designation : |
Director |
|
Address : |
90153, 135 A ST, Surrey, British Columbia CA V3V5V4 |
|
Date of Birth/Age : |
12.11.1965 |
|
Qualification : |
B. Tech |
|
Experience : |
5 years |
|
Date of Appointment : |
10.05.2007 |
|
|
|
|
Name : |
Mr. Ramkesh Meena |
|
Designation : |
Director |
|
Address : |
95, Meena Ka Tapara, Kustala, Sawai Madhopur – 322001, |
|
Date of Birth/Age : |
01.07.1980 |
|
Qualification : |
B.A. |
|
Date of Appointment : |
31.01.2007 |
|
PAN No.: |
AWVPM5891N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2009)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Jagjit Singh Gill |
|
929758 |
|
Ramkesh Meena |
|
707 |
|
Sukhminder Singh Pandher |
|
925286 |
|
My Trading Overseas |
|
3000 |
|
|
|
|
|
Total |
|
1858751 |
(AS ON 30.08.2010)
|
Names of Allottee |
|
No. of Shares
Allotted |
|
|
|
|
|
Jagjit Singh Gill |
|
4000 |
|
Sukhminder Singh Pandher |
|
29350 |
|
Professional Tradestocks Private Limited |
|
4000 |
|
Jaswinder Kaur |
|
400 |
|
Hemkund Transport Private Limited |
|
5100 |
|
Hari Govind Hospitality Private Limited |
|
9100 |
|
|
|
|
|
Total |
|
51950 |
(AS ON 30.09.2009)
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
0.16 |
|
Directors or relatives of directors |
|
99.84 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Hospitality Industry. |
|
|
|
|
Brand Names : |
“Heritage Retreat” |
GENERAL INFORMATION
|
Bankers : |
· Corporation Bank · IDBI Bank Limited · Kotak Mahindra Bank 36-38A, Nariman Bhavan, 227 D, Nariman Point, Mumbai –
400021, |
|||||||||||||||||||||
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|||||||||||||||||||||
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Facilities : |
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|||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. A. Sharma and Company Chartered Accountant |
|
Address : |
A-1, Nandnam Apartment, Tilak Marg, C-Scheme, Jaipur, |
|
Tel. No.: |
91-141-2385542/ 5103442 |
|
Fax No.: |
91-141-2385542/ 5103442 |
|
Email : |
|
|
|
|
|
Associates/Subsidiaries : |
§
Hemkund Bulk Carrier Address: Guru Kanshi Marg, Bathinda Line of Business: Logistics Business |
CAPITAL STRUCTURE
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Share |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1907651 |
Equity Share |
Rs.10/- each |
Rs.19.077
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
19.077 |
18.588 |
18.400 |
|
|
2] Share Application Money |
0.000 |
0.000 |
2.900 |
|
|
3] Reserves & Surplus |
61.349 |
12.938 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
80.426 |
31.526 |
21.300 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
89.600 |
25.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
89.600 |
25.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
170.026 |
56.526 |
21.300 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
169.519 |
52.372 |
20.788 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.481
|
4.424 |
0.503 |
|
|
Other Current Assets |
0.033
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.461
|
0.000 |
0.000 |
|
Total
Current Assets |
0.975
|
4.424 |
0.503 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
0.483
|
0.285 |
0.006 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
0.483
|
0.285 |
0.006 |
|
|
Net Current Assets |
0.492
|
4.139 |
0.497 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.015 |
0.015 |
0.015 |
|
|
|
|
|
|
|
|
TOTAL |
170.026 |
56.526 |
21.300 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.12
|
0.80 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02
|
15.52 |
83.83 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING
STATEMENT
(RS. IN MILLIONS)
|
Particulars |
2012 |
2013 |
2014 |
2015 |
2016 |
|
|
(Projected) |
||||
|
Gross Sales |
|
|
|
|
|
|
Gross Sales – Domestic |
140.380 |
180.435 |
180.435 |
200.483 |
220.531 |
|
Gross Sales – Exports |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total Gross Sales |
140.380 |
180.435 |
180.435 |
200.483 |
220.531 |
|
|
|
|
|
|
|
|
Less : Indirect Taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net Sales |
140.380 |
180.435 |
180.435 |
200.483 |
220.531 |
|
|
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
-- |
28.57 |
0.00 |
1.11 |
10.00 |
|
|
|
|
|
|
|
|
Other Operating
Income |
|
|
|
|
|
|
Export Incentives |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Operating
Income - Total |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total Operating
Income |
140.380 |
180.435 |
180.435 |
200.483 |
220.531 |
|
|
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Materials Consumed (Including Stores and
Other Items Used in the Process of Manufacture) |
|
|
|
|
|
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Others Stores and Spares |
14.223 |
25.418 |
25.418 |
28.127 |
28.127 |
|
Power and Fuel |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Direct Labour |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Manufacturing Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Depreciation |
9.545 |
9.545 |
9.953 |
10.238 |
10.645 |
|
|
|
|
|
|
|
|
Sub
Total |
23.768 |
34.963 |
35.371 |
38.365 |
38.772 |
|
|
|
|
|
|
|
|
(Increase)/ Decrease in WIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(Increase)/ Decrease in Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total
Cost of Sales |
23.768 |
34.963 |
35.371 |
38.365 |
38.772 |
|
|
|
|
|
|
|
|
Selling, General and Administrative Expenses |
51.168 |
47.144 |
49.175 |
54.620 |
57.101 |
|
|
|
|
|
|
|
|
Operating
Profit Before Interest |
65.402 |
98.328 |
95.889 |
107.498 |
124.658 |
|
|
|
|
|
|
|
|
Interest and
Bank Charges |
|
|
|
|
|
|
On Term Loan |
21.313 |
27.888 |
24.869 |
21.706 |
18.113 |
|
On Working Capital and other |
4.313 |
5.750 |
5.750 |
5.750 |
5.750 |
|
|
|
|
|
|
|
|
Operating
Profit after Interest |
39.776 |
64.690 |
65.270 |
80.042 |
100.795 |
|
|
|
|
|
|
|
|
Add : Non- Operating income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Deduct Non –Operating Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Net
of other non operating Income
/ Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
39.776 |
64.690 |
65.270 |
80.042 |
100.795 |
|
|
|
|
|
|
|
|
Provision for taxes |
0.000 |
0.000 |
14.934 |
21.851 |
23.747 |
|
|
|
|
|
|
|
|
Net
Profit / Loss [PAT] |
39.776 |
64.690 |
65.270 |
65.108 |
79.944 |
|
|
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Cash Profit |
49.321 |
74.235 |
75.223 |
75.346 |
89.589 |
|
|
|
|
|
|
|
|
Cash Profit Plus Interests on Term Loan (A) |
70.634 |
102.123 |
100.092 |
97.052 |
107.702 |
|
|
|
|
|
|
|
|
Installments due under Term Loans –Existing Te |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Installments due under Term Loans –Proposed Te |
15.000 |
25.000 |
27.500 |
27.500 |
35.000 |
|
|
|
|
|
|
|
|
Sub
Total (B) |
36.313 |
52.880 |
52.369 |
49.206 |
53.113 |
|
|
|
|
|
|
|
|
DSCR |
1.94 |
1.93 |
1.91 |
1.97 |
2.03 |
|
|
|
|
|
|
|
|
Average DSCR |
1.98 |
|
|
|
|
DETAILS
FOR BREAKEVEN SALES
|
Capacity
utilization |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total Gross sales |
140.338 |
180.435 |
180.435 |
200.483 |
220.531 |
|
|
|
|
|
|
|
|
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Sales |
140.338 |
180.435 |
180.435 |
200.483 |
220.531 |
|
|
|
|
|
|
|
|
Fixed Cost |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Variable Cost |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
PROJECTED
BALANCE SHEET
RS
IN MILLIONS
|
Particulars |
2012 |
2013 |
2014 |
2015 |
2016 |
|
|
(Projected) |
||||
|
|
|
||||
|
Bank Borrowings |
50.000 |
50.000 |
50.000 |
50.000 |
50.000 |
|
Installments of Term Loans/ Deferred Payment Credits/ Debentures/
Debentures/ Deposits/ redeemable preference Shares (Due within one year) |
25.000 |
27.500 |
27.500 |
35.000 |
37.500 |
|
|
|
|
|
|
|
|
Credit for Purchases |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub
Total (A) |
75.000 |
77.500 |
77.500 |
85.000 |
87.500 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
Debentures [not maturing within one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Preference Shares [Redeemable after 1 year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term loans [excluding installments payable within
one year] |
230.000 |
202.500 |
175.000 |
140.000 |
102.500 |
|
Loans (Unsecured from Promoters) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deferred Sales Tax / Deferred Loan Deferred Payment Credit
[Excluding installments due within one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term deposit [repayable after one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities |
2.466 |
1.266 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (B) |
232.466 |
203.766 |
175.000 |
140.000 |
102.500 |
|
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
Equity Share Capital |
141.811 |
141.811 |
141.811 |
141.811 |
141.811 |
|
Partners Capital/ Capital Brought in by proprietor |
0.000 |
0.000 |
0.000 |
0.000 |
0.00 |
|
Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Reserve and Surplus |
39.776 |
104.466 |
169.737 |
234.845 |
313.788 |
|
Shares Premium |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Surplus [+] or deficit [-] in Profit and Loss Account |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other (Specify) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
NET WORTH (C) |
181.587 |
246.277 |
311.548 |
376.656 |
455.599 |
|
|
|
|
|
|
|
|
TOTAL CAPITAL +
LIABILITIES (A + B + C) |
489.053 |
527.543 |
564.048 |
601.656 |
645.599 |
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
25.269 |
8.304 |
4.762 |
2.608 |
2.197 |
|
Investments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Receivable |
60.000 |
75.000 |
75.000 |
90.000 |
95.000 |
|
|
|
|
|
|
|
|
INVENTORY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raw Material Consumed, WIP and Consumable Spares |
0.000 |
0.000 |
0.0000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Advances Suppliers of Stores and Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advances Payment of Taxes
|
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub
Total (A) |
85.269 |
83.304 |
79.762 |
92.608 |
97.197 |
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
Gross Block (Land and Building, Machinery,
Work-In-Progress) |
413.329 |
463.329 |
513.329 |
548.329 |
598.329 |
|
Depreciation to date |
9.545 |
19.090 |
29.043 |
39.281 |
49.927 |
|
|
|
|
|
|
|
|
NET BLOCK |
403.784 |
444.239 |
484.286 |
509.048 |
548.402 |
|
|
|
|
|
|
|
|
Capital WIP |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub
Total (B) |
403.784 |
444.239 |
484.286 |
509.048 |
548.402 |
|
|
|
|
|
|
|
|
OTHER
NON – CURRENT ASSETS |
|
|
|
|
|
|
Investments/ book/ debts/ advances/ deposits which are not
Current Assts |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
[a] Investments in Subsidiary companies/ affiliates |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
[b] Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
ii] Advances to suppliers of capital goods and contractors
|
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
iii] Deferred receivables [maturity exceeding one year] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
iv] Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Miscellaneous Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Non consumables Stores and Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Other non – current assets including dues from directors (Deferred
Tax Assets) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS (C) |
0.00 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Intangible assets [Patents, goodwill, prelim, expenses, bad/
doubtful expenses Not provided for etc.] (D) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
489.053 |
527.543 |
564.048 |
601.656 |
645.599 |
CASH FLOW STATEMENTS
(RS.
IN MILLIONS)
|
Particulars
|
2013 |
2014 |
2015 |
2016 |
|
|
(Projected) |
|||
|
SOURCES
OF CASH |
|
|
|
|
|
|
|
|
|
|
|
Profit before Interests and Tax less
adjustments for non-cash revenue |
107.873 |
105.842 |
117.736 |
135.303 |
|
Depreciation |
9.545 |
9.953 |
10.238 |
10.645 |
|
Preliminary Expenses Written off |
0.000 |
0.000 |
0.000 |
0.000 |
|
Loss on |
0.000 |
0.000 |
0.000 |
0.000 |
|
Issue of Equity Shares |
64.690 |
65.271 |
65.108 |
78.943 |
|
Issue of Preference Shares |
0.000 |
0.000 |
0.000 |
0.000 |
|
Issue of Debentures |
0.000 |
0.000 |
0.000 |
0.000 |
|
Raising of Long Term Loss |
0.000 |
0.000 |
0.000 |
0.000 |
|
Raising of Other Long Term Unsecured
Loans/ deposits etc. |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Current Liabilities |
2.500 |
0.000 |
7.500 |
2.500 |
|
Decrease in Current Assets |
1.965 |
3.542 |
0.000 |
0.000 |
|
Increase in Short Term Borrowings |
0.000 |
0.000 |
0.000 |
0.000 |
|
Decrease in Non Current assets/ Investments |
0.000 |
0.000 |
0.000 |
0.00 |
|
|
|
|
|
|
|
SUB
TOTAL (A) |
186.573 |
184.608 |
200.582 |
227.391 |
|
|
|
|
|
|
|
Increase in Deferred Tax Liability |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
APPLICATION
OF CASH |
|
|
|
|
|
|
|
|
|
|
|
Redemption of Redeemable Preference |
0.000 |
0.000 |
0.000 |
0.000 |
|
Redemption of Debentures |
0.000 |
0.000 |
0.000 |
0.000 |
|
Repayment of Long term Loans |
27.500 |
27.500 |
35.000 |
37.500 |
|
Repayment of Long term Unsecured Loans/
deposits etc. |
1.200 |
1.266 |
0.000 |
0.000 |
|
Purchases of Fixed Assets |
50.000 |
50.000 |
35.000 |
49.999 |
|
Decrease in Current Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
Increase in Current Assets |
0.000 |
0.000 |
12.846 |
4.589 |
|
Increase in Non current Assets/
Investments |
0.000 |
0.000 |
0.000 |
0.000 |
|
Interests Paid |
33.638 |
30.619 |
27.456 |
23.863 |
|
Taxes paid |
0.000 |
0.000 |
14.934 |
21.851 |
|
Dividend |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
SUB-TOTAL
(B) |
112.338 |
109.385 |
125.236 |
137.802 |
|
Net
Surplus (A-B) |
74.235 |
75.223 |
75.346 |
89.589 |
|
|
|
|
|
|
|
Opening Balance |
25.269 |
8.304 |
4.762 |
2.608 |
|
|
|
|
|
|
|
Closing Balance |
8.304 |
4.762 |
2.608 |
2.197 |
DSCR
SCENARIOS FOR A COMPANY
(AS
DISTINGUISHED FROM A PROJECT)
(RS. IN MILLIONS)
|
Particulars |
2012 |
2013 |
2014 |
2015 |
2016 |
|
|
(Projected) |
||||
|
|
|
||||
|
Scenario for a fall in Total Operating Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
% fall in revenue |
|
|
|
|
|
|
Total Operating Income (shocked downwards) |
140.338 |
180.435 |
180.435 |
200.483 |
220.531 |
|
Cost of Sales + SGA |
74.936 |
82.107 |
84.546 |
92.985 |
95.873 |
|
Operating Profit before Interest |
65.402 |
98.328 |
95.889 |
107.498 |
124.658 |
|
Interest |
25.626 |
33.638 |
30.619 |
27.456 |
23.863 |
|
Operating Profit after Interest |
39.776 |
64.690 |
65.270 |
80.042 |
100.795 |
|
Net of non operating income/ expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit before tax |
39.776 |
64.690 |
65.270 |
80.042 |
100.795 |
|
Provision for Tax |
0.000 |
0.000 |
0.000 |
14.934 |
21.851 |
|
PAT |
39.776 |
64.690 |
65.270 |
65.108 |
78.944 |
|
|
|
|
|
|
|
|
Installments of Term Loans/ Deferred payment credits/ Debentures/
deposits (due within one year) |
25.000 |
27.500 |
27.500 |
35.000 |
37.500 |
|
Interest |
25.626 |
33.638 |
30.619 |
27.456 |
23.863 |
|
|
|
|
|
|
|
|
DSCR (for a fall in Op Rev) |
1.48 |
1.76 |
1.82 |
1.65 |
1.85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Scenario for a rise in operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
% rise in Op Expenses |
|
|
|
|
|
|
Total Operating Income |
140.338 |
180.435 |
180.435 |
200.483 |
220.531 |
|
Cost of Sales + SGA (shocked upwards) |
74.936 |
82.107 |
84.546 |
92.985 |
95.873 |
|
Operating Profit before Interest |
65.402 |
98.328 |
95.889 |
107.498 |
124.658 |
|
Interest |
25.626 |
33.638 |
30.619 |
27.456 |
23.863 |
|
Operating Profit after Interest |
39.776 |
64.690 |
65.270 |
80.042 |
100.795 |
|
Net of non operating income/ expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit before tax |
39.776 |
64.690 |
65.270 |
80.042 |
100.795 |
|
Provision for tax |
0.000 |
0.000 |
0.000 |
14.934 |
21.851 |
|
PAT |
39.776 |
64.690 |
65.270 |
65.108 |
78.944 |
|
|
|
|
|
|
|
|
Installments of Term Loans/ Deferred payment credits/ Debentures/
deposits (due within one year) |
25.000 |
27.500 |
27.500 |
35.000 |
37.500 |
|
Interest |
25.626 |
33.638 |
30.619 |
27.456 |
23.863 |
|
|
|
|
|
|
|
|
DSCR (for a rise in Op Expense) |
1.48 |
1.76 |
1.82 |
1.65 |
1.85 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
MR. JAGJIT SINGH GILL
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Address of the
Property |
Description of
Assets/ Property |
Whether
Freehold/ Leasehold |
Type of Property |
Area/ extent of
Land |
Mortgaged for
availing loan if any details thereof |
Present Market/
Assessed Value (Rs. In
Millions) |
|
|
|
|
|
|
|
|
|
Khasra No.89/2/1/2 at Bamory, Sawaimadhopur |
Residential House on Plot of land measuring 9216.66 square yards |
Leasehold |
Residential |
9216.66 Sq. Yards |
No |
46.100 |
|
|
|
|
|
|
|
|
|
Khasra No.89/2/1/2 at Bamory, Sawaimadhopur |
Agricultural Land measuring 8328.34 square yards |
Freehold |
Agricultural |
8328.34 Sq. Yards |
No |
29.100 |
|
|
|
|
|
|
|
|
|
D-87, Shiv Officers Colony, D-Block, Jagotpura, Jaipur |
Residential Plot measuring 526.69 square yards |
Leasehold |
Residential |
526.69 Sq. Yards |
Yes, given as collateral security for financial assistance obtained for Hemkund Classic Resorts Private Limited |
5.300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80.500 |
INVESTMENT IN BUSYNESS CAPITAL
|
Nam4 of the Company / firm/ Concern in which
investment is made |
Shares in M/s Hemkund Classic Resorts
(Private) Limited |
|
|
|
|
Date of Investments |
At Various Date |
|
|
|
|
Present Value of Investment |
20.526 |
VEHICLE OWNED
|
Model/ Make |
Innova and Wagon R |
|
|
|
|
Date of Purchases |
25/07/2005 and 27.03.2007 |
|
|
|
|
Whether Hypothecated for Loan |
Yes and Yes |
|
|
|
|
Details of Loan against Vehicles |
Innova – Loan from Magma Leasing Limited Wagon R – Loan from ICICI bank Limited |
|
|
|
|
Present Market Value |
0.800 |
OTHER ASSETS
|
Cash in Hand |
0.456 |
|
|
|
|
Total Value of Other Assets |
0.456 |
|
TOTAL ASSETS |
RS.102.282 MILLIONS |
LIABILITIES
|
Name of the Bank / Institute |
Magma Leasing Limited ICICI Bank Limited |
|
|
|
|
Nature/ Type of Loan |
Vehicles Loan |
|
|
|
|
Date of Loan |
25.07.2005 27.03.2007 |
|
|
|
|
Amount of Loan Availed |
0.700 0.290 |
|
|
|
|
Security offered if any |
Vehicles |
|
|
|
|
Amount Outstanding |
Rs.0.050 Million |
|
NET WORTH |
RS.102.232 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
MR. RAMKESH MEENA
(RS. IN MILLIONS)
ASSETS
INVESTMENT IN BUSYNESS CAPITAL
|
Nam4 of the Company / firm/ Concern in which
investment is made |
Shares in M/s Hemkund Classic Resorts
(Private) Limited |
|
|
|
|
Date of Investments |
At Various Date |
|
|
|
|
Present Value of Investment |
0.150 |
OTHER ASSETS
|
Cash in Hand |
0.152 |
|
|
|
|
Jewellery |
0.204 |
|
|
|
|
Total Value of Other Assets |
0.356 |
|
TOTAL ASSETS |
RS.0.506 MILLION |
|
NET WORTH |
RS.0.506 MILLION |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
MR. SUKHMINDER SINGH PANDHER
(RS. IN MILLIONS)
ASSETS
IMMOVABLE PROPERTY
|
Property |
Place |
Value (Rs. In
Millions) |
Whether
Encumbered |
In the Name |
|
|
|
|
|
|
|
19537 – 76 Avc |
|
52.500 |
122-50 |
Sukhminder Pandher |
|
17115 – 85 Avc |
|
45.617 |
0 |
Sukhminder and Wife |
|
8255 – |
|
61.200 |
274-32 |
Sukhminder Pandher |
|
20280 – |
Hope BC, |
43.700 |
0 |
Sukhminder Pandher |
|
6990 and 7022 Broadway |
|
245.000 |
1330-00 |
0760666 BC LTD. |
|
|
|
28.000 |
38.75 |
Sukhminder Pandher |
|
6218 – |
|
78.483 |
606-38 |
Sukhminder Pandher |
|
192 – 16 |
|
122.500 |
612-50 |
Sukhminder Pandher |
|
|
|
|
|
|
|
Total |
|
677.000 |
2,984.45 |
|
INVESTMENT IN BUSYNESS CAPITAL
|
Nam4 of the Company / firm/ Concern in which
investment is made |
736929 BC LTD |
|
|
|
|
Present Value of Investment |
10.000 |
DEPOSIT HELD WITH BANKS/ COMPANIES/ OTHER
LENDER ETC.
|
Name of the Bank/ Company where deposits are
held |
Royal Bank of |
|
|
|
|
Nature of Deposits |
Cash, Term Deposits |
|
|
|
|
Present Value of Deposits |
4.500 |
VEHICLE OWNED
|
Model/ Make |
Range Rover |
|
|
|
|
Date of Purchases |
14.08.2008 |
|
|
|
|
Whether Hypothecated for Loan |
No |
|
|
|
|
Present Market Value |
4.000 |
OTHER ASSETS
|
Furniture and Fixtures |
0.500 |
|
|
|
|
Jewellery |
1.000 |
|
|
|
|
Total Value of Other Assets |
1.500 |
|
TOTAL ASSETS |
RS.697.000 MILLIONS |
LIABILITIES
|
Name of the Bank / Institute |
Royal Bank of |
|
|
|
|
Nature/ Type of Loan |
Mortgage
|
|
|
|
|
Amount of Loan Availed |
298.400 |
|
|
|
|
Security offered if any |
Properties
|
|
|
|
|
Amount Outstanding |
Rs.270.000 Millions |
|
NET WORTH |
RS.427.000 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
GENERAL DETAILS
|
Purpose for which valuation is
made. |
To determine market value of
property. |
|
|
|
|
Date as on which valuation is
made. |
09.02.2011 |
|
|
|
|
Name of Owner |
Hemkund Classic Resorts Private
Limited |
|
|
|
|
If the property is under joint
ownership/co-ownership, share of each owner. Are the share undivided? |
A Firm |
|
|
|
|
Brief description of the
property |
A Resorts |
|
|
|
|
Location Street and Ward No. |
Khasra No. 64,65 and 66 C/o |
|
|
|
|
Survey / Plot No. of Land |
Khasra No. 64,65 and 66 C/o |
|
|
|
|
Property is situated in
residential/ commercial/ mixed area/ Ind. area |
Mixed Area |
|
|
|
|
Mean of proximity to surface
communication by which the locality is served. |
By Taxi , Bus, Auto |
|
|
|
|
Classification of locality high/
middle/ poor class |
Middle |
|
|
|
|
Proximity of civic amenities, like
schools, hospitals, offices market, cinema ‘etc. |
Within 5.0 Km |
|
|
|
|
LAND |
|
|
Area of land supported by
documentary proof, shape, dimension and physical features |
Area: 32822.00 sqm Irregular
Shape |
|
|
|
|
Road street or lanes on which property
is situated |
Local Road |
|
|
|
|
Is it freehold or lease-hold
land |
Leasehold |
|
|
|
|
If leasehold the name of lessor/
lesse, nature of lease, date of commencement and termination of lease and
term of renewal of lease |
Lessor: JDA, Lease is as per
JDA, Jaipur Rules |
|
|
|
|
Is there any restrictive
covenant in regard to use of Land. |
Hotel\ Resort Purpose |
|
|
|
|
Does the land fall in an area included
in any town planning scheme or any Development plan of government of any
statutory body? If so, give particulars. |
JDA, Jaipur |
|
|
|
|
IMPROVEMENT |
|
|
Furnish technical details of the
building on a separate sheet |
RCC framed structure |
|
|
|
|
is the building owner occupied/
tenanted/ both |
a hotel\ resort building |
|
|
|
|
SALES |
|
|
|
|
|
Give instances of sales of
immovable property the locality on a separate sheet, indicating the name and
address of the property, registration no. |
Market rate adopted |
|
|
|
|
Land rate adopted in this
valuation: |
Market rate |
|
|
|
|
If sale instance are not
available or Notre lied upon, the basis or arriving land rate. |
Market rate |
|
|
|
|
COST OF CONSTRUCTION |
|
|
Year of commencement of
construction and year of completion. |
Newly constructed Future life:
80-90 years |
|
|
|
|
What was the method of
construction -by contract, by employ in Labour directly/ Both |
BY Employing Contract |
|
|
|
|
CALCULATION A Building Valuation: as per prevailing Market Rate Building in question is a newly constructed hotel (resort)
building with all modern facilities having heritage interior and exterior
building or cocept of project is very much inspired by old forts, palaces and
Havelies of Rajasthan. All Modern Aminities Like Air Conditioning System 24
hr. Hot Water Supply, Sona Bath, Gym, Swimming Pool, etc. are provided.
Quality of Work (Interior and Exterior) Was Very Good Gold and Silver are also
used in making painting on roof and walls toilets are equipped with bath-tub
and modern fitting system. Boundary and Entance gate are made as per old
Rajasthan forts. |
|
|
|
|
|
|
|
|
1. Basement Basement comprises of conference
hall, store, swimming pool, toilet blocks, water tanks, cooling and water
treatment plant space, gym and sona bath system. recreation rooms, etc. Plinth Area = 21838.000 sq. ft. Rate @ Rs.3500.000 Per Sq. ft. Value: 21838.000 * 3500 = Rs.76.433 Millions |
|
|
Mezzanine Plinth Area = 1301.000 sq. ft. Rate @ Rs.600.000 Per Sq. ft. Value: 1301.000 * 600 = Rs.0.781 Millions |
|
|
Ground Floor Ground Floor Comprises of
Reception, Dinning Area, Kitchen, Shop, Toilets .Etc Plinth Area = 10914.000 sq. ft. Rate @ Rs.5000.000 Per Sq. ft. Value: 10914.000 * 5000 = Rs.54.570 Millions |
|
|
First Floor First Floor Comprises of
Conference Room, Rooms, Toilets, etc. Plinth Area = 8021.000 sq. ft. Rate @ Rs.3500.000 Per Sq. ft. Value: 8021.000 * 3500 = Rs.28.074 Millions |
|
|
Courtyards with fountains and landscaping, etc. Area= 14043.000 sq ft Rate @ Rs.600.000 per sq ft Value 14043.000 *600 =Rs.8.426 Millions Total of 1+2+3+4+5 =Rs.168.283 Millions |
|
|
CLUSTER TYPE-1: 3 Nos. 1. Each cluster is comprises of
five units each unit is having one room with dress, toilet and court yard.
there is one common Entance and Chowk for each cluster. Area of each cluster 3076.000 sq
ft Total Area 9228.000 sq ft or Area =9228.000 Sq ft Rate @ Rs.5000.000 per sq ft Value: 9228.000 *5000 = Rs.46.140 Millions 2. Courtyard Area= 4600.000 Sq ft Rate @ Rs.600.000 Per Sq ft Value 4600.000 *600 = Rs.2.760 Millions TOTAL OF 1 + 2 = RS.48.900 MILLIONS |
|
|
|
|
|
CLUSTER TYPE-3: 2 Nos. Each Cluster is having Basement
and Ground Floor. Each Floor is comprises of five
units each unit is having one room with dress, toilet and courtyard. there is
One Common Entance and Chowk for each cluster. 1. BASEMENT Area of each cluster 4398.000 sq
ft Total Area 8796.000 sq ft or Area =8796.000 Sq ft Rate @ Rs.5000.000 per sq ft Value: 8796.000 *5000 = Rs.43.980 Millions 2. GROUND FLOOR Area of each Cluster = 3424.000
Sq ft Total Area 6848.000 Per Sq ft or
Area = 6848.000 Sq. ft. Rate @ Rs.5000.000 per sq. ft. Value 6848.000 * 5000 = Rs.34.240 Millions 3. COURTYARD Area = 949.000 sq. ft. Rate of Rs.600.000 per Sq. ft. Value 949.000 * 6000 = Rs.0.569 Million |
|
|
|
|
|
CLUSTER TYPE-IV: 1 No. Each Cluster is having Basement
and Ground Floor and Under construction Finishing and stone work is going on.
Each Floor is comprises of Eight
Units each unit is having one room with Living, toilet and courtyard. There
is One Common Entance and Chowk for each cluster. 1. BASEMENT Area of each cluster 8444.000 sq
ft Total Area 8444.000 sq ft or Area = 8444.000 Sq ft Rate @ Rs.2500.000 per sq ft Value: 8444.000 *2500 = Rs.21.110 Millions 2. GROUND FLOOR Area of each Cluster = 8444.000
Sq ft Total Area 8444.000 Per Sq ft or
Area = 8444.000 Sq. ft. Rate @ Rs.2500.000 per sq. ft. Value 8444.000 * 2500 = Rs.21.110 Millions 3. COURTYARD Area = 695.000 sq. ft. Rate of Rs.300.000 per Sq. ft. Value 695.000 * 300 = Rs.0.209 Million TOTAL OF 1+2+3 = RS.42.429 MILLIONS |
|
|
|
|
|
Boundary Wall With Entance Gate |
Area: 1684.000 sqm Pate @ Rs.2250.000 per sqm = Rs.3.789 Millions |
|
|
|
|
Road and Site Development |
Rs.8.000 Millions |
|
|
|
|
Furniture and Furnishing Work
(Beds, Chairs, Table, Curtains, Reception. Counter, etc) |
Rs.15.000 Millions |
|
|
|
|
Plant and Machinery, Gen-Set,
Kitchen and Equipments. |
Rs.50.000 Millions |
|
|
|
|
SUB TOTAL |
RS.415.190 MILLIONS |
|
|
|
|
VALUE OF LAND Said property is situated in
Gram: Natata, Teh.: Jamwaramgarh. NH—8, Jaipur Lot of hotels are
coming up on this NH-8 road. Because of that rate of land is
good in this area. Land in question is a JDA
approved land. Rate of land in this valuation
is based on enquiries made from realiable market sources. Rate of approved
commercial land in this area varies from Rs.5500/- to Rs.7000/-per sq. yd
depending upon location, future potentiality and size of plot. In my opinion rate of land is
Rs.6500/-per sq. yd. Area of land 32822.000 Sqm Area of land : 39240.524 sq. yds Rate of land @ Ps. 6500.000 Per
Sq. yd Value of land = 39240.524 *6500 =Rs.255.063 Millions C)Total of Building + Land = Rs.670.253 Millions |
|
|
Distress Value : Rs.536.000 Millions (Reducing Value by 20%) |
|
------------------------------------------------------------------------------------------------------------------------------
FORM 8:
|
Corporate
identity number of the company |
U55101RJ2007PTC023750 |
|
Name of the
company |
Hemkund Classic Resorts
Private Limited |
|
Address of the
registered office or of the principal place of business in |
C-121, Mangal
Marg, 401, |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
Kotak Mahindra
Bank Limited 36-38A, Nariman Bhavan,
227,D, Nariman Point, Mumbai
– 400021, |
|
Nature of
instrument creating charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
29.08.2010 |
|
Amount secured by
the charge |
Rs.2.464 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: 17.84% p.a Terms of
Repayment: Equated Monthly Installment
of Rs.0.046 Million for 35 months. Margin: Nil Extent and
Operation of the charge: First and
exclusive charge created by way of Hypothecation in favour of Kotak Mahindra
Bank on the assets financed. |
|
Particulars of
the property charged |
2 Nos. of
Generator Sudhir Cummins 320 KVA. |
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Land
· Building Construction
· Furniture and fittings
· Plant and Machinery
· Kitchen Equipment
· Preoperative Expenses
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.44.99 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.80 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.