MIRA
INFORM REPORT
|
Report Date : |
17.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ZANTRA TRADERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.D-146, Industrial Area, Phase – VII, Mohali – 160056, |
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|
|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2011 (Provisional) |
|
|
|
|
Date of
Incorporation : |
05.04.2010 |
|
|
|
|
Com. Reg. No.: |
033776 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.550
Millions |
|
|
|
|
CIN No.: [Company Identification No.] |
U52399PB2010PTC033776 |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACZ4173A |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
Line of Business
: |
Trading in Construction Materials. |
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|
|
|
No. of Employees
: |
8 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
New Company |
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|
Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
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Comments : |
Subject is a relatively new company and in the process of establishing
itself. The valuation report provided seems to be satisfactory. No further details
or payment could be made available. 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 |
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|
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. Mandeep Bhullar |
|
Designation : |
Director |
|
Contact No.: |
91-9888700033 |
|
Date : |
14.05.2011 |
LOCATIONS
|
Registered Office : |
Plot No.D-146, Industrial Area, Phase – VII, Mohali – 160056, |
|
Tel. No.: |
91-172-2236017 |
|
Mobile No.: |
91-9888700033 (Mr. Mandeep Bhullar) |
|
Fax No.: |
91-172-4020146 |
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E-Mail : |
|
|
Location : |
Rented |
DIRECTORS
(AS ON 31.03.2011)
|
Name : |
Mr. Parmjit Singh |
|
Designation : |
Director |
|
Address : |
H. No.1275, Sector – 34-C, |
|
Date of Birth/Age : |
15.10.1979 |
|
Qualification : |
Graduate |
|
Experience : |
8 years |
|
Date of Appointment : |
07.12.2010 |
|
|
|
|
Name : |
Mr. Mandeep Bhullar |
|
Designation : |
Director |
|
Address : |
1275/2, Sector 34/C, |
|
Date of Birth/Age : |
20.05.1982 |
|
Qualification : |
Graduate |
|
Experience : |
5 years |
|
Date of Appointment : |
13.05.2010 |
|
|
|
|
Name : |
Mr. Raj Kumar |
|
Designation : |
Director |
|
Address : |
14208, Near Durga Mandir, Gqanesha Basti, Bathinda – 151001, |
|
Date of Birth/Age : |
08.02.1967 |
|
Date of Ceasing : |
21.12.2010 |
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|
|
|
Name : |
Mr. Puneet Gaqrg |
|
Designation : |
Director |
|
Address : |
H. No.21605, St No.7, Power House road, Bathinda – 151001, |
|
Date of Birth/Age : |
03.11.1983 |
|
Date of Ceasing : |
31.01.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mandeep Bhullar |
|
95000 |
|
Parmjit Singh |
|
160000 |
BUSINESS DETAILS
|
Line of Business : |
Trading in Construction Materials. |
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|
|
|
Terms : |
|
|
Selling : |
L/C, Credit (60 days) |
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|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
Contractors and Builders · Singla engineers and Contractors Private Limited · Sukhman Buildwell · Super Jewellers · Zan Tools Private Limited · Zander Resorts Private Limited · Zanders Engineers Limited · Zip Enterprises |
|
|
|
|
Suppliers : |
· Aryan Electric Company · Balaji Sales · Channa Steel and Hardware Stores ·
· Doaba Steel Rolling Mills · Ganpati Builders · Gopal Iron Steel · Jain Iron Store · Jay Aar Enterprises · Jyoti Rubber and Plastic Company · Modern Electric Company · Narinder Kumar and Sons · Noble Infomtique · Preet Electrical · R S Electrical · Rawal Electric Works · S L Goyal and Company · Satnam Stone Industries · Shreyans Steels · Tarsem Sanitary Store · Vardhman Steels |
|
|
|
|
No. of Employees : |
8 (Approximately) |
|
|
|
|
Bankers : |
· Corporation Bank · Kotak Mahindra bank · Oriental Bank of Commerce · Punjab National Bank |
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|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Bansal Sunil and Company Chartered Accountant |
|
Address : |
3065, Street No.4, |
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Mobile No.: |
91-9417006100 |
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|
|
|
Associates/Subsidiaries : |
·
Sukhman Buildwell D- 98, Phase – VII, Industrial Area, Mohali, |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
455000 |
Equity Share |
Rs.10/- each |
Rs.4.550
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 (Provisional) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.550 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
10.639 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
15.189 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.745 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.745 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
15.937 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.596 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
11.292 |
|
|
Cash & Bank Balances |
|
|
2.528 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
19.879 |
|
Total
Current Assets |
|
|
33.699 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
9.039 |
|
|
Other Current Liabilities |
|
|
7.980 |
|
|
Provisions |
|
|
2.539 |
|
Total
Current Liabilities |
|
|
19.558 |
|
|
Net Current Assets |
|
|
14.141 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.200 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
15.937 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 (Provisional) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
167.728 |
|
|
|
Other Income |
|
|
0.290 |
|
|
|
TOTAL |
|
|
168.018 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
|
161.710 |
|
|
|
Freight Inward |
|
|
0.214 |
|
|
|
Carriage and Cartage |
|
|
0.068 |
|
|
|
Electricity and Water Expenses |
|
|
0.087 |
|
|
|
Labour and Wages |
|
|
0.083 |
|
|
|
Legal and Professional Expenses |
|
|
0.107 |
|
|
|
Office Expenses |
|
|
0.312 |
|
|
|
Office Rent |
|
|
0.215 |
|
|
|
Salaries |
|
|
0.891 |
|
|
|
Traveling and Mobile Expenses |
|
|
0.159 |
|
|
|
Other Expenses |
|
|
2.669 |
|
|
|
TOTAL |
|
|
166.515 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
1.503 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
1.209 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.370 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
|
0.839 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
1.84 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 (Provisional) |
|
PAT / Total Income |
(%) |
|
|
0.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
3.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
1.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.72 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING STATEMENT
(RS.
IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Provisional) |
(Projected) |
(Projected) |
|
Gross Sales |
|
|
|
|
Domestic |
167.728 |
200.000 |
250.000 |
|
Export |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Add: Other Revenue Income |
0.290 |
0.360 |
0.400 |
|
|
|
|
|
|
Sub Total |
168.018 |
200.360 |
250.400 |
|
|
|
|
|
|
Less : Excise Duty |
-- |
-- |
-- |
|
|
|
|
|
|
Net Sales |
168.018 |
200.360 |
250.400 |
|
|
|
|
|
|
% rise [+] or fall [-] in net sales as compared to
previous year |
-- |
-- |
-- |
|
|
|
|
|
|
Cost
of Sales |
|
|
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
|
|
-
Imported |
0.000 |
0.000 |
0.000 |
|
-
Indigenous |
161.923 |
192.000 |
240.000 |
|
|
|
|
|
|
Others Stores and Spares |
|
|
|
|
-
Imported |
0.000 |
0.000 |
0.000 |
|
-
Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Power and Fuel |
0.087 |
0.120 |
0.150 |
|
Direct Wages (Factory Wages and Salaries) |
0.000 |
0.000 |
0.000 |
|
Repairs and Maintenance |
0.000 |
0.000 |
0.000 |
|
Other Manufacturing Expenses |
0.000 |
0.000 |
0.000 |
|
Depreciation |
0.294 |
0.250 |
0.220 |
|
|
|
|
|
|
Sub
Total |
162.304 |
192.370 |
240.370 |
|
|
|
|
|
|
Add: Opening Stock-In-Process |
0.000 |
0.000 |
0.000 |
|
Deduct: Closing Stock-In-Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cost
of Production |
162.304 |
192.370 |
240.370 |
|
|
|
|
|
|
Add: Opening Stock of Finished Goods |
0.000 |
0.000 |
2.400 |
|
Deduct: Closing Stock of Finished Goods |
0.000 |
2.400 |
3.600 |
|
|
|
|
|
|
SUB TOTAL (Total
cost of sales) |
162.304 |
189.970 |
239.170 |
|
|
|
|
|
|
Selling, General and Administrative Expenses |
4.324 |
4.500 |
4.800 |
|
|
|
|
|
|
Sub
Total |
166.628 |
194.470 |
243.970 |
|
|
|
|
|
|
Operating Profit before interests |
1.390 |
5.890 |
6.430 |
|
|
|
|
|
|
Interests on Term Loan |
0.181 |
4.000 |
4.000 |
|
|
|
|
|
|
Operating profit after Interests |
1.209 |
1.890 |
2.430 |
|
|
|
|
|
|
Non Operating Income |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Non Operating Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net
of Non-operating Income and Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Profit
before Tax/ Loss [PBT] |
1.209 |
1.890 |
2.430 |
|
|
|
|
|
|
Provision for taxes |
0.370 |
0.575 |
0.725 |
|
Deferred Tax |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Net
Profit / Loss [PAT] |
0.839 |
1.315 |
1.705 |
|
|
|
|
|
|
Cash Accruals |
1.133 |
1.565 |
1.925 |
|
|
|
|
|
|
Dividend |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Retained Profit |
0.839 |
1.315 |
1.705 |
|
|
|
|
|
|
Retained profit/ Net Profit % age |
100.00 |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars
|
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
CURRENT
LIABILITIES |
(Provisional) |
(Projected) |
(Projected) |
|
|
|
|
|
|
Short Term Borrowing from Bank |
|
|
|
|
i. From Application Bank |
0.000 |
30.000 |
30.000 |
|
ii. From Other Banks |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
SUB
TOTAL (A) |
0.000 |
30.000 |
30.000 |
|
|
|
|
|
|
Short Term Borrowings From Others |
0.000 |
0.000 |
0.000 |
|
Sundry Creditors (Trader) |
9.039 |
9.000 |
9.000 |
|
Advances Payment from customers |
7.980 |
4.500 |
5.000 |
|
Provision For Taxes |
0.370 |
0.575 |
0.725 |
|
Creditor for Expenses |
0.000 |
0.000 |
0.000 |
|
Dividend Payable |
0.000 |
0.000 |
0.000 |
|
Other Statutory Liabilities (due within one years) |
0.000 |
0.000 |
0.000 |
|
Installments of term loans and Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
|
Other current Liabilities and Provisions (due within one
years) |
2.169 |
2.400 |
2.400 |
|
|
|
|
|
|
SUB
TOTAL (B) |
19.558 |
16.475 |
17.125 |
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
19.558 |
46.475 |
47.125 |
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
Debentures |
0.000 |
0.000 |
0.000 |
|
Redeemable Preference Shares |
0.000 |
0.000 |
0.000 |
|
Term Loans |
0.745 |
0.600 |
0.400 |
|
Deferred Payment Credits |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Term Deposit |
0.000 |
0.000 |
0.000 |
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
0.745 |
0.600 |
0.400 |
|
|
|
|
|
|
TOTAL
OF OUTSIDE LIABILITIES |
20.303 |
47.075 |
47.525 |
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
Shares Capital |
4.550 |
4.550 |
4.550 |
|
Application Money |
0.000 |
0.000 |
0.000 |
|
Partner’s Current A/c |
0.000 |
0.000 |
0.000 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
|
Revolution Reserve |
0.000 |
0.000 |
0.000 |
|
Reserves and Surplus |
9.800 |
9.800 |
9.800 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Share Premium Account |
0.000 |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account |
0.839 |
2.154 |
3.859 |
|
|
|
|
|
|
TOTAL
NET WORTH |
15.189 |
16.504 |
18.209 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
35.492 |
63.579 |
65.734 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
2.526 |
1.134 |
0.309 |
|
Investments [Other than long term investments] |
0.000 |
0.000 |
0.000 |
|
Receivables other than deferred and exports |
11.292 |
40.000 |
42.000 |
|
Export receivables |
0.000 |
0.000 |
0.000 |
|
Government and other Trustee securities |
0.000 |
0.000 |
0.000 |
|
Fixed deposit with bank |
0.000 |
0.000 |
0.000 |
|
Domestic receivable Including BP/ BD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
INVENTORY |
|
|
|
|
|
|
|
|
|
Raw Materials |
|
|
|
|
- Imported |
0.000 |
0.000 |
0.000 |
|
- Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Stock in Process |
0.000 |
0.000 |
0.000 |
|
Finished Goods |
0.000 |
2.400 |
3.600 |
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers |
19.679 |
18.000 |
18.000 |
|
Advance Payment of Taxes |
0.200 |
0.500 |
0.500 |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
33.697 |
62.034 |
64.409 |
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
|
|
Gross Block (Land and Building Machinery) |
1.889 |
1.889 |
1.889 |
|
Depreciation to date |
0.294 |
0.544 |
0.764 |
|
|
|
|
|
|
NET
BLOCK |
1.595 |
1.345 |
1.125 |
|
|
|
|
|
|
OTHER
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Investments in sub |
0.000 |
0.000 |
0.000 |
|
Advances to suppliers of Capital goods and contractors |
0.000 |
0.000 |
0.000 |
|
Investment in Others |
0.000 |
0.000 |
0.000 |
|
Other Non-Current Investment |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL
OTHER NON CURRENT ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Intangible Assets |
0.200 |
0.200 |
0.200 |
|
|
|
|
|
|
TOTAL
ASSETS |
35.492 |
63.579 |
65.734 |
|
|
|
|
|
|
Tangible Net Worth (TNW) |
14.989 |
16.304 |
18.009 |
|
|
|
|
|
|
Net Working Capital (NWC) |
14.139 |
15.559 |
17.284 |
|
|
|
|
|
|
Current Ratio |
1.72 |
1.33 |
1.37 |
|
|
|
|
|
|
TOL/ TNW |
1.35 |
2.89 |
2.64 |
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT
MR.
GIRDHARI LAL SINGLA
(RS.
IN MILLIONS)
|
˝ share in 7000 Sq. ydrs commercial area
at |
70.000 |
|
|
|
|
˝ share in 2950 sq. ydrs commercial area
at |
29.500 |
|
|
|
|
˝ share in 15555.70 Sq. Ydrs factory land
and building at PAN Industries, |
77.779 |
|
|
|
|
500 sq. Ydrs. residential house at Sector
70, Mohali |
40.000 |
|
|
|
|
˝ share in commercial plot measuring 1
Bigha 14 Biswa at |
17.000 |
|
|
|
|
1/3 share in commercial property at Gali
No. 3, |
3.750 |
|
|
|
|
Capital in M/s PAN Industries, Bathinda |
10.949 |
|
|
|
|
Shares in M/s Super Jewellers Private
Limited, Bathinda 41000 shares of Rs.100/- each (Par Value) |
4.100 |
|
|
|
|
Deposit with M/s Silver Oaks Township
Limited, BTI |
24.587 |
|
|
|
|
LIC Surrender Value |
0.500 |
|
|
|
|
Cash Bank Balances |
0.500 |
|
|
|
|
Total |
278.665 |
|
|
|
|
Less: |
|
|
India Bulls Housing Finance Company (Loan) |
14.000 |
|
|
|
|
India Bulls Housing Finance Company (Loan) |
28.500 |
|
|
|
|
Corporation Bank, |
50.000 |
|
|
|
|
Total |
92.500 |
|
|
|
|
NET
WORTH |
RS.186.165 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT
MR.
RAKESH SINGLA
(RS.
IN MILLIONS)
|
1/3 share in 400 sq. ydrs commercial property
at Barnala Bye Pass Road Bathinda. |
7.000 |
|
|
|
|
Ľ share in 300 sq. ydrs commercial
property at Street No. 3 Bibi Wala Road Bathinda |
3.750 |
|
|
|
|
Capital – Super Steel Industries, Bathinda |
6.528 |
|
|
|
|
Deposits – Silver Oaks Township Limited,
BTI |
4.983 |
|
|
|
|
Deposits – Super Jewellers Private
Limited, BTI |
2.571 |
|
|
|
|
Deposits – Singla Engineers |
1.200 |
|
|
|
|
Shares – Silver Oaks Township Limited |
7.500 |
|
|
|
|
Cash and Bank Balance |
0.200 |
|
|
|
|
Total |
33.732 |
|
|
|
|
Less: |
|
|
WCTL from PNB, ASC, Bathinda |
3.500 |
|
|
|
|
Total |
3.500 |
|
|
|
|
NET
WORTH |
RS.30.232 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT
MR.
SARUP CHAND SINGLA
(RS.
IN MILLIONS)
|
43 Kanal 15 Marla land at Vill Naruana,
Distt. Bathinda |
13.672 |
|
|
|
|
˝ share in 1 Bigha 12 Biswa commercial
land at |
12.000 |
|
|
|
|
˝ share in 600 Sq. Ydrs commercial Prop.
At Bibi wala Road, Bathinda |
18.000 |
|
|
|
|
500 sq. Ydrs. residential house at Phase
7, Mohali |
40.000 |
|
|
|
|
100 sq. ydas commercial property at |
2.000 |
|
|
|
|
50% share in 300 sq. ydrs commercial
property at Street No. 3, |
7.500 |
|
|
|
|
Capital in Ms/ Super Steel Industries,
Bathinda |
6.625 |
|
|
|
|
Deposit with M/s Silver Oaks Township
Limited, Bathinda |
11.235 |
|
|
|
|
Shares in M/s Sheesh Mahal Developers Limited, BTI |
2.532 |
|
|
|
|
Shares in M/s Super Jewellers Private
Limited, BTI |
0.100 |
|
|
|
|
Cash Bank Balances |
0.500 |
|
|
|
|
Total |
114.164 |
|
|
|
|
Less: |
|
|
PNB WCTL Outstanding |
4.500 |
|
|
|
|
Total |
4.500 |
|
|
|
|
NET
WORTH |
RS. 109.664 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
INDERJIT SINGH BRAR S/O MR. KARNAIL SINGH
(RS.
IN MILLIONS)
IMMOVABLE
ASSETS
|
Particulars |
Area |
Amount (Rs. In Millions) |
|
|
|
|
|
Residential House at 163, |
500 sq. ydrs |
15.000 |
|
Commercial property at |
335.48 sq. ydrs |
13.50 |
|
Commercial property at |
˝ Shares in
11000 sq. ydrs |
110.000 |
|
Agricultural land at VIII Jodhpur Romana, Distt. Bathinda |
33 Kanal 12
Marla |
10.500 |
|
Commercial Property measuring 7 Bigha 4 Biswa at |
7 Bigha 4 Biswa |
54.000 |
|
Commercial Property at |
˝ Shares in 2
Bigha 3.5 Biswa |
23.750 |
|
Land at Vill Bibi Wala, Distt. Bathinda given lease to |
1/3 Shares on 10
Kanal 19.5 Marla |
4.600 |
|
Commercial land at Vill Naruana, Distt. Bathinda |
˝ Shares in 43
Kanal 15 Marla |
27.300 |
|
˝ share in 1 Bigha 14 Biswa commercial property at |
˝ Shares in 1
Bigha 14 Biswa |
17.000 |
|
|
|
|
|
Total |
|
275.650 |
MOVABLE
ASSETS
|
Particulars |
Amount |
|
|
|
|
|
|
|
Shares-Zanders Engineers Limited, Mohali |
6.800 |
|
Shares – Sheesh Mahal Developers Limited, Bathinda |
1.100 |
|
Shares Self Care Health Resorts Private Limited |
0.530 |
|
Shares - Zantools Private Limited |
0.200 |
|
Advance to PUDA |
4.323 |
|
Deposit – Silve Oaks Township Limited |
5.475 |
|
Innova |
0.700 |
|
Cash and Bank Balances |
0.175 |
|
|
|
|
Total |
19.303 |
|
TOTAL ASSETS |
RS.294.953 MILLIONS |
LIABILITIES
|
Particulars |
Amount |
|
|
|
|
Loan – India Bulls Housing Finance Limited |
9.400 |
|
|
|
|
TOTAL
LIABILITIES |
RS.9.400 MILLIONS |
|
NET WORTH |
RS.285.553 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
PARAMJIT SINGH BRAR S/O MR. MALKIAT SINGH
(RS.
IN MILLIONS)
IMMOVABLE
ASSETS
|
Particulars |
Area |
Amount (Rs. In Millions) |
|
|
|
|
|
8 Acre agricultural land at Vill, Ranjit Garh, District Muktsar |
8 Acre |
16.000 |
|
21 Kanal agricultural land at Vill, Manakpur Sharif, District, Mohali |
21 Kanal |
19.700 |
|
Residential Plot at 655, Phase – III A, Mohali |
300 sq. ydrs. |
30.000 |
|
50% Shares in Booth at Sector 71, Mohali |
8’ x 15’ |
2.500 |
|
|
|
|
|
Total |
|
68.200 |
MOVABLE
ASSETS
|
Particulars |
Amount |
|
|
|
|
Deposit – Silve Oaks Township Limited |
2.350 |
|
Capital – Sukhman Buildwell |
3.708 |
|
Shares/ application Money- Zantra Traders Private limited |
2.500 |
|
Cash and Bank Balance |
0.400 |
|
|
|
|
Total |
8.958 |
|
TOTAL ASSETS |
RS.77.158 MILLIONS |
|
NET WORTH |
RS.77.158 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR.
MANDEEP SINGH BHULLAR
(RS.
IN MILLIONS)
MOVABLE
ASSETS
|
Particulars |
Amount |
|
|
|
|
Shares/ Application Money- Zantra Traders Private limited |
0.800 |
|
Cash and Bank Balance |
0.500 |
|
|
|
|
Total |
1.300 |
|
TOTAL ASSETS |
RS.1.300 MILLIONS |
|
NET WORTH |
RS.1.300 MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF IMMOVABLE PROPERTY
|
Date of inspection |
07.03.2011 |
|||||||||||||
|
|
|
|||||||||||||
|
Name and address of the valuer |
Mr. Baljnder Singh Simran Consultancy, Opposite Power House, |
|||||||||||||
|
|
|
|||||||||||||
|
List of document handed over to the valuer by branch |
Cops of Sale Deeds bearing registration No.2448 regd. On both
13.06.1995 at sub Registrar Bathinda |
|||||||||||||
|
|
|
|||||||||||||
|
Details of enquiries made/ visited to Govt. Offices for arriving fair
market value |
Sub Registrar Office, Local Property Dealers and enquires from
surrounding peoples |
|||||||||||||
|
|
|
|||||||||||||
|
Sub-Registrar value Guidance value/rate |
NA |
|||||||||||||
|
|
|
|||||||||||||
|
Fair marked value of the property |
Rs.12.320 Millions |
|||||||||||||
|
|
|
|||||||||||||
|
[actors for determining its marked value |
i) Land value is calculated by taking into consideration guide line
rate and prevailing market rates in the area. ii) Building value is calculated by plinth area, rates as per
specification and after allowing suitable depreciation market value of
building is calculated. |
|||||||||||||
|
|
|
|||||||||||||
|
Conservative Value of the property |
Rs.10.472 Millions |
|||||||||||||
|
|
|
|||||||||||||
|
Distress value of property |
Rs.9.240 Millions |
|||||||||||||
|
|
|
|||||||||||||
|
PROPERTY DETAILS
|
||||||||||||||
|
Names and address(es) of the owners |
Mr. Girdhari Lal A/o Pyare Lal, Mr. Saroop Chand S/o Mr. Pyare Lal and
Mr. Rakesh Kumar S/o Pawan Kumar r/o Bathinda. |
|||||||||||||
|
|
|
|||||||||||||
|
If the Property is under joint ownership/ co-ownership share each
owner/ are share is undivided. |
Mr. Girdhari Lal S/o Mr. Pyare Lal, Mr. Saroop Chand, S/o Mr. Pyare Lal and Mr. Rakesh Kumar S/o Pawan
Kumar has equal shares in the property. |
|||||||||||||
|
|
|
|||||||||||||
|
Brief description of the property (Whether open land, house property,
land area, built up area No. of floors etc. |
The property is single storey building is constructed. |
|||||||||||||
|
|
|
|||||||||||||
|
Dimension of the site |
|
|||||||||||||
|
|
As per |
Actual |
||||||||||||
|
North |
Not Mentioned |
Darshan Kumar |
||||||||||||
|
South |
Not Mentioned |
Girdhar Lal |
||||||||||||
|
East |
Not Mentioned |
K. K. Gupta |
||||||||||||
|
West |
Not Mentioned |
Kacha Rasta |
||||||||||||
|
|
|
|||||||||||||
|
Location of the property (Plot /Door No. survey No. etc) |
The property is situated Opposite Gyani Zail Singh Engineering
Collage, 300 sq. yards, 2441/1/26 min Khewat No.1252/4815 |
|||||||||||||
|
|
|
|||||||||||||
|
Postal Address |
Mr. Girdhari Lal S/o Mr. Pyare Lal, Mr. Saroop S/o Mr. Pyare Lal and
Mr. Rakesh Kumar S/o Pawan Kumar, Dr. Bakshi wali Street, Street No.3,
Bibiwala Road, Bathinda. |
|||||||||||||
|
|
|
|||||||||||||
|
Boundaries of the property |
As per Deed |
Actual |
||||||||||||
|
North |
90’0” |
-- |
||||||||||||
|
South |
90’0” |
-- |
||||||||||||
|
East |
30’0” |
-- |
||||||||||||
|
West |
30’0” |
-- |
||||||||||||
|
|
|
|||||||||||||
|
Any specific identification marks (like electric pole Nc, Dug well
etc.) |
|
|||||||||||||
|
|
|
|||||||||||||
|
Whether covered under State/ Central Government |
MC |
|||||||||||||
|
|
|
|||||||||||||
|
Is the Land Freehold |
Freehold |
|||||||||||||
|
|
|
|||||||||||||
|
Type of property – whether |
Commercial Cum Residential |
|||||||||||||
|
|
|
|||||||||||||
|
In Case of Agricultural Land |
NA |
|||||||||||||
|
|
|
|||||||||||||
|
Year of acquisition / Purchases |
13.06.1995 |
|||||||||||||
|
|
|
|||||||||||||
|
Whether owner or tenant occupies the property, if occupies by tenant
since law long he is staying and the amount of rent being paid. |
Building Construction |
|||||||||||||
|
|
|
|||||||||||||
|
Classification
of the site |
|
|||||||||||||
|
Population Group: Metro/ Urban/ semi Urban |
Urban |
|||||||||||||
|
|
|
|||||||||||||
|
High/ Meddle/ Poor Class |
Middle |
|||||||||||||
|
|
|
|||||||||||||
|
Residential/ No-Residential |
Mixed |
|||||||||||||
|
|
|
|||||||||||||
|
Development of Surrounding Area |
Developed |
|||||||||||||
|
|
|
|||||||||||||
|
Proximity of civil amenities (like school, hospital, bus stop, market)
|
Within 1 Km |
|||||||||||||
|
|
|
|||||||||||||
|
Level of the land (Plain rock etc) |
Plain |
|||||||||||||
|
|
|
|||||||||||||
|
Terrain of the land (Square/ Rectangle etc) |
Rectangular |
|||||||||||||
|
|
|
|||||||||||||
|
Type of the use which it can put (for construction of house, factory) |
Building |
|||||||||||||
|
|
|
|||||||||||||
|
Whether the post is intermittent or corner? |
Intermittent |
|||||||||||||
|
|
|
|||||||||||||
|
Whether any road facility is available? |
Yes |
|||||||||||||
|
|
|
|||||||||||||
|
Type of road available (BT/ cement Road etc.) |
BT |
|||||||||||||
|
|
|
|||||||||||||
|
Front width of the road |
35’0” wd. |
|||||||||||||
|
|
|
|||||||||||||
|
Source of Water and water potentially |
Govt. Water supply |
|||||||||||||
|
|
|
|||||||||||||
|
Type of sewerage Systems |
Combined Systems |
|||||||||||||
|
|
|
|||||||||||||
|
Availability of Power supply |
Available |
|||||||||||||
|
|
|
|||||||||||||
|
Advantage of the site |
The site in near to Bus Stand Railway Station and Market |
|||||||||||||
|
|
|
|||||||||||||
|
Disadvantages of the site |
NA |
|||||||||||||
|
|
|
|||||||||||||
|
RENT DETAILS |
||||||||||||||
|
Is the Building owner occupied tenant/ both |
Owner |
|||||||||||||
|
|
|
|||||||||||||
|
If partly owner occupied specified portion and extent area under
occupation |
Building Constructed |
|||||||||||||
|
|
|
|||||||||||||
|
PART – I (VALUE OF PROPERTY) |
||||||||||||||
|
Dimensions of the plot |
Dimensions are written on site plan |
|||||||||||||
|
|
|
|||||||||||||
|
Total area of the plot |
300 sq. yards. |
|||||||||||||
|
|
|
|||||||||||||
|
Prevailing market rate |
The value of Vacant land is prevailing @ Rs.38,000/- to Rs.42,000/-
per sq. yards in this area. |
|||||||||||||
|
|
|
|||||||||||||
|
Assessed adopted rate of valuation |
Rs.40,000/- per sq. yards. |
|||||||||||||
|
|
|
|||||||||||||
|
Estimated value of the land |
Rs.12.000 millions |
|||||||||||||
|
|
|
|||||||||||||
|
The conservative value of the land |
Rs.12.000 millions |
|||||||||||||
|
|
|
|||||||||||||
|
PART – II (VALUATION OF BUILDING PROPERTY) TECHNICAL DETAILS OF THE BUILDING |
||||||||||||||
|
Type of buildings Residential/ Commercial/ Industrial |
Residential and Commercial |
|||||||||||||
|
|
|
|||||||||||||
|
Year of Constriction |
10 years |
|||||||||||||
|
|
|
|||||||||||||
|
Future life of the property |
40 years |
|||||||||||||
|
|
|
|||||||||||||
|
No. of floors and height of each floor including basement |
Single Storey |
|||||||||||||
|
|
|
|||||||||||||
|
Plinth area of each floor |
|
|||||||||||||
|
|
|
|||||||||||||
|
Type a construction (Load bearing / RCC/ Steel Framed) |
Load Bearing |
|||||||||||||
|
|
|
|||||||||||||
|
CONDITION OF THE BUILDING |
||||||||||||||
|
External (Excellent / Good/ Normal/ Poor) |
Good |
|||||||||||||
|
|
|
|||||||||||||
|
Internal (Excellent / Good/ Normal/ Poor) |
Good |
|||||||||||||
|
|
|
|||||||||||||
|
SPECIFICATION OF CONSTRUCTION |
||||||||||||||
|
Description |
Residential cum |
|||||||||||||
|
|
|
|||||||||||||
|
Foundation |
Brick Masonry / RCC |
|||||||||||||
|
|
|
|||||||||||||
|
Basement |
NA |
|||||||||||||
|
|
|
|||||||||||||
|
Superstructure |
Brick Masonry |
|||||||||||||
|
|
|
|||||||||||||
|
Joinery / Door and windows |
Kail/ Plywood and Teak Wood, Rolling Shutter |
|||||||||||||
|
|
|
|||||||||||||
|
RCC/ RBC/ ACC sheets work |
For Roofing |
|||||||||||||
|
|
|
|||||||||||||
|
Plastering |
Plastered |
|||||||||||||
|
|
|
|||||||||||||
|
Flooring, Skirting |
Bricks and CC |
|||||||||||||
|
|
|
|||||||||||||
|
Drainage |
Underground System of Drainage |
|||||||||||||
|
|
|
|||||||||||||
|
Electric installation type of wire class of fitting |
B- Class |
|||||||||||||
|
|
|
|||||||||||||
|
Plumbing installation (No of water closets and wash basins etc) |
One |
|||||||||||||
DETAIL
OF VALUATION
|
Particulars of Item |
Plinth Area |
Estimated Replacement Rate |
Replacement Cost |
Depreciation |
Net Value |
|
|
|
|
|
|
|
|
|
Ground Floor =
1600 sq. ft. |
Rs.200/- sq. ft.
|
Rs.0.320 Million |
Nil |
Rs.0.320 Million |
|
SUMMARY OF VALUATION |
|
|
Part I Land |
Rs.12.000 Millions |
|
Part II Building |
Rs.0.320 Million |
|
|
|
|
Total Market
Value |
Rs.12.320
Millions |
|
|
|
|
The Overall
Conservative Value of the Property |
Rs.12.320
Millions |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT OF IMMOVABLE PROPERTY
|
Date of inspection |
07.03.2011 |
|
|
|
|
|
|
Name and address of the valuer |
Mr. Baljnder Singh Simran Consultancy, Opposite Power House, |
|
|
|
|
|
|
List of document handed over to the valuer by branch |
Cops of Sale Deeds bearing registration No.9617 regd. On both
16.02.2011 at sub Registrar Bathinda |
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Details of enquiries made/ visited to Govt. Offices for arriving fair
market value |
Sub Registrar Office, Local Property Dealers and enquires from
surrounding peoples |
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Sub-Registrar value Guidance value/rate |
Rs.4,67,500/- per Kanal |
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Fair marked value of the property |
Rs.28.798 Millions |
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[actors for determining its marked value |
i) Land value is calculated by taking into consideration guide line rate
and prevailing market rates in the area. |
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Conservative Value of the property |
Rs.24.478 Millions |
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Distress value of property |
Rs.21.599 Millions |
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PROPERTY DETAILS
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Names and address(es) of the owners |
Mr. Girdhari Lal Singla S/o Pyare Lal, Mr. Inderjit Singh Brar S/o Mr.
Karnail Singh r/o Bathinda. |
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If the Property is under joint ownership/ co-ownership share each
owner/ are share is undivided. |
Mr. Girdhari Lal Singla S/o Pyare Lal, Mr. Inderjit Singh Brar S/o Mr.
Karnail Singh has equal share in the property. |
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Brief description of the property (Whether open land, house property,
land area, built up area No. of floors etc. |
The property is vacant plot. |
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Dimension of the site |
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As per |
Actual |
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North |
Harinder Singh |
Harinder Singh |
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South |
Rasta 2’0” and
Khal |
Rasta 2’0” and
Khal |
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East |
Mr. Girdhari Lal
and Mr. Inderjit Singh Brar |
Mr. Girdhari Lal
and Mr. Inderjit Singh Brar |
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West |
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Location of the property (Plot /Door No. survey No. etc) |
The property is situated Opposite Gyani Zail Singh Engineering Collage,
1694 sq. yards, Khasra No.5329/4763 min |
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Postal Address |
Mr. Girdhari Lal S/o Mr. Anat Ram and Mr. Inderjit Singh Brar S/o Mr.
Karnail singh Opposite Gaini Jail Singh Engineering Collage, Dabwali Road, Bathinda.
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Boundaries of the property |
As per Deed |
Actual |
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North |
207’1 ˝” |
207’1 ˝” |
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South |
203’9” |
203’9” |
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East |
83’6” |
83’6” |
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West |
65’4 ˝” |
65’4 ˝” |
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Any specific identification marks (like electric pole Nc, Dug well
etc.) |
Opposite South-west Corner of Gyani Zail Singh Engineering Collage. |
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Whether covered under State/ Central Government |
MC |
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Is the Land Freehold |
Freehold |
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Type of property – whether |
Commercial Cum Residential |
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In Case of Agricultural Land |
NA |
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Year of acquisition / Purchases |
16.02.2011 |
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Value of Purchases Price |
Rs.3.000 Millions |
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Whether owner or tenant occupies the property, if occupies by tenant
since law long he is staying and the amount of rent being paid. |
Owner |
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Classification
of the site |
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Population Group: Metro/ Urban/ semi Urban |
Urban |
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High/ Meddle/ Poor Class |
Middle |
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Residential/ No-Residential |
Mixed |
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Development of Surrounding Area |
Developed |
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Proximity of civil amenities (like school, hospital, bus stop, market)
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2-3 Km |
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Level of the land (Plain rock etc) |
Plain |
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Terrain of the land (Square/ Rectangle etc) |
Irregular |
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Type of the use which it can put (for construction of house, factory) |
Vacant Plot |
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Whether the post is intermittent or corner? |
Intermittent |
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Whether any road facility is available? |
Yes |
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Type of road available (BT/ cement Road etc.) |
BT |
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Front width of the road |
80’0” wd. |
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Source of Water and water potentially |
Govt. Water supply |
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Type of sewerage Systems |
Combined Systems |
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Availability of Power supply |
Available |
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Advantage of the site |
As the property is situated at National Highway Development is fast in
this and surrounding area and the building for Restaurant or |
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Disadvantages of the site |
Due to sound of vehicular traffic there is disturbance for residential
purpose and population of vehicle emission. |
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RENT DETAILS |
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Is the Building owner occupied tenant/ both |
Owner |
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If partly owner occupied specified portion and extent area under
occupation |
Vacant Plot |
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PART – I (VALUE OF PROPERTY) |
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Dimensions of the plot |
Dimensions are written on site plan |
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Total area of the plot |
1694 sq. yards. |
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Prevailing market rate |
The value of Vacant land is prevailing @ Rs.16,000/- to Rs.18,000/-
per sq. yards in this area. |
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Guideline rate obtained from the Registrar Office |
Rs.4,67,500/- per kanal |
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Assessed adopted rate of valuation |
Rs.17,000/- per sq. yards. |
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Estimated value of the land |
Rs.28.798 millions |
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The conservative value of the land |
Rs.24.478 millions |
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NOTE:
The Registered Office of the company has been shifted from Plot No.D-98,
Industrial Area, Phase VII, Mohali – 160056,
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TRADE REFERENCE:
· Zander Engineers Limited
D-98, Industrial Area, Mohali,
Mobile No.: 91-9814706077
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FIXED ASSETS
· Air Conditioner
· Bolero Camper
· Bolero Pickup
· Car
· Computers
· Furniture and Fixtures
· Office Equipments
· Printers
· Water Purifier
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.07 |
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1 |
Rs.72.97 |
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Euro |
1 |
Rs.63.57 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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