|
Report Date : |
28.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SAHARA ADVENTURE SPORTS LIMITED |
|
|
|
|
Registered
Office : |
Hotel Sahara Star, Opposite
Domestic Airport, Vile Parle (EAST), Mumbai – 400099, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
28.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-169322 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.60.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92412MH2007PLC169322 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS56736B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS7733B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject engaged in the business of adventure tourism, business and convention centers, hotels, resorts and multiplexes. |
|
|
|
|
No. of Employees
: |
Information Declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Sahara group. It is an established company having
moderate track record. Financial detail for the current year is missing form government
department. From the previous year record their appear losses. However trade
relations are reported to be fair. Business is active. Payments are reported
to be unknown. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
Management non- Co-operative (91-22-66688080)
LOCATIONS
|
Registered Office : |
Hotel Sahara Star, Opposite Domestic Airport, Vile Parle (EAST),
Mumbai – 400099, Maharashtra, India |
|
Tel. No.: |
91-22-66688080 |
|
Fax No.: |
91-22-66688061 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Solitaire Corporate Park, Building No.4,5th Floor, 431/432,167
Guru Hargovindji Marg, Chakala Andheri (East), Mumbai - , Maharashtra,
India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mrs. Swapna Roy |
|
Designation : |
Director |
|
Address : |
Sahara Shahar, Vipul Khand, Gomti Nagar, Lucknow-10, Uttar Pradesh, India |
|
Date of Birth/Age : |
02.06.49 |
|
Date of Appointment : |
24.03.2007 |
|
DIN No.: |
00569192 |
|
|
|
|
Name : |
Mr. Sushanto Roy |
|
Designation : |
Director |
|
Address : |
Sahara India House, New Hyderabad Colony, Lucknow |
|
Date of Birth/Age : |
31.12.74 |
|
Date of Appointment : |
24.03.2007 |
|
DIN No.: |
00155513 |
|
|
|
|
Name : |
Mr. Seemanto Roy |
|
Designation : |
Managing Director |
|
Address : |
510/174 Sahara India House, New Hyderabad Colony, Lucknow |
|
Date of Birth/Age : |
30.01.77 |
|
Date of Appointment : |
01.01.2011 |
|
DIN No.: |
00183666 |
|
|
|
|
Name : |
Mr. Subrata Roy Sahara |
|
Designation : |
Director |
|
Address : |
Sahara Shahar, Vipul Khand, Gomti Nagar, Lucknow-10 |
|
Date of Birth/Age : |
10.06.48 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
00431905 |
|
|
|
|
Name : |
Shri Kapil Dev |
|
Designation : |
Director |
|
Address : |
39, Sunder Nagar, New Delhi-110003 |
|
Date of Birth/Age : |
06.01.59 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
00910383 |
|
|
|
|
Name : |
Mr. Abhijit Sarkar |
|
Designation : |
Director |
|
Address : |
510/174 Sahara India House, New Hyderabad Colony, Lucknow |
|
Date of Birth/Age : |
12.05.1965 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
00399003 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Subrata Roy Sahara |
|
5700000 |
|
Swapna Roy |
|
50000 |
|
O. P. Srivastava |
|
50000 |
|
J. B. Roy |
|
50000 |
|
Sushanto Roy |
|
50000 |
|
Seemanto Roy |
|
50000 |
|
Sahara India Commercial Corporation Limited, India |
|
50000 |
|
Total |
|
6000000 |
As on 25.02.2011
|
Names of Allottee (Preference
Shares) |
|
No. of Shares
Allotted |
|
Aamby Valley Limited, India |
|
1700000 |
|
Total |
|
1700000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
0.83 |
|
Directors or relatives of Directors |
98.34 |
|
Other top fifty shareholders |
0.83 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in the business of adventure tourism,
business and convention centers, hotels, resorts and multiplexes. |
GENERAL INFORMATION
|
No. of Employees : |
Information Declined by the Management |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Punjab National Bank, Mid Corporate Branch, 10, Ashosk
Marg, Lucknow - 226001, Uttar Pradesh, India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ray and Ray Chartered Accountants |
|
Address : |
G-2, Ramkrishna, 11, Happy Home Society, Nehru Road, Vile Parle,
Mumbai – 400057, Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-26146080 / 26150621 |
|
Fax No.: |
91-22-26131586 |
|
E-Mail : |
|
|
PAN.: |
AADFR8764R |
|
|
|
|
Associates Company: |
· Sahara India Commercial Corporation Limited (SICCL) · Aamby Valley Limited ·
Sahara School Holding Limited |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
4000000 |
Preference Share |
Rs.10/- each |
Rs.40.000 Millions |
|
|
Total |
|
Rs.100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000
Millions |
|
1700000 |
Preference Share |
Rs.10/- each |
Rs.17.000
Millions |
|
|
Total |
|
Rs.77.000 Millions |
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000
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 |
60.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
450.529 |
0.100 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.767) |
|
|
NETWORTH |
510.529 |
10.100 |
9.233 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
6.393 |
5.850 |
|
|
TOTAL BORROWING |
0.000 |
6.393 |
5.850 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
510.529 |
16.493 |
15.083 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
20.169 |
8.761 |
0.038 |
|
|
Capital work-in-progress |
0.000 |
3.251 |
4.925 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
1.038 |
0.595 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.097
|
0.768 |
0.000 |
|
|
Sundry Debtors |
0.096
|
4.074 |
0.000 |
|
|
Cash & Bank Balances |
1709.438
|
5.502 |
10.254 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
460.770
|
0.322 |
0.023 |
|
Total
Current Assets |
2170.401
|
10.666 |
10.277 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1679.357 |
4.836 |
0.137 |
|
|
Other Current Liabilities |
0.715
|
1.431 |
0.019 |
|
|
Provisions |
1.007
|
0.513 |
0.000 |
|
Total
Current Liabilities |
1681.079
|
6.780 |
0.157 |
|
|
Net Current Assets |
489.322
|
3.886 |
10.120 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
510.529 |
16.493 |
15.083 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
14.965 |
12.094 |
|
|
|
Other Income |
|
1.160 |
0.520 |
|
|
|
TOTAL |
|
16.125 |
12.614 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operational expenses |
|
3.108 |
2.447 |
|
|
|
Administrative and other expenses |
|
9.985 |
8.618 |
|
|
|
TOTAL |
|
13.093 |
11.065 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
3.032 |
1.549 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
2.865 |
1.501 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.167 |
0.048 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.494 |
0.513 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
(0.327) |
(0.465) |
|
|
|
|
|
|
|
|
|
Add |
Deferred Tax |
|
0.443 |
0.594 |
|
|
|
|
|
|
|
|
|
Add / Less |
Prior year lncorne /(Expenses) |
|
0.314 |
(0.030) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.099 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
0.529 |
0.099 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(LOSS) Per Share (Rs.) |
|
(0.32) |
(0.46) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(2.03)
|
(3.69) |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.12
|
0.40 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.01
|
0.25 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.29
|
1.30 |
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
1.57 |
65.46 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
in Millions
|
Particular |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors |
1679.357 |
4.836 |
0.137 |
|
Total |
1679.357 |
4.836 |
0.137 |
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
(Yes) |
|
2] |
Locality of the firm |
(Yes) |
|
3] |
Constitutions of the firm |
(Yes) |
|
4] |
Premises details |
(No) |
|
5] |
Type of Business |
(Yes) |
|
6] |
Line of Business |
(Yes) |
|
7] |
Promoter's background |
(Yes) |
|
8] |
No. of employees |
(No) |
|
9] |
Name of person contacted |
(No) |
|
10] |
Designation of contact person |
(No) |
|
11] |
Turnover of firm for last two years |
(Yes) |
|
12] |
Profitability for last two years |
(Yes) |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
(No) |
|
15] |
Capital in the business |
(Yes) |
|
16] |
Details of sister concerns |
(Yes) |
|
17] |
Major suppliers |
(No) |
|
18] |
Major customers |
(No) |
|
19] |
Payments terms |
(No) |
|
20] |
Export / Import details (if applicable) |
(No) |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
(Yes) |
|
24] |
Banking facility details |
(Yes) |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
(Yes) |
|
28] |
Incorporation details, if applicable |
(Yes) |
|
29] |
Last accounts filed at ROC |
(No) |
|
30] |
Major Shareholders, if available |
(Yes) |
|
31] |
PAN of Proprietor/Partner/Director, if available |
(No) |
|
32] |
Passport No of Proprietor/Partner/Director, if available |
(No) |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
(No) |
NATURE OF OPERATION:
Subject was incorporated on 28th March 2007 and is engaged in the business of adventure tourism, business and convention centers, hotels, resorts and multiplexes.
CONTINGENT
LIABILITIES (As on 31.03.2010)
Bank Guarantee - Rs1702.000 Millions
The company has furnished the above bank guarantee to BCCI - IPL for due fulfillment by the company of its obligation under the franchise agreement with BCCI - IPL.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U92412MH2007PLC169322 |
|
Name of the
company |
SAHARA ADVENTURE
SPORTS LIMITED |
|
Address of the
registered office or of the principal place of business in |
Hotel Sahara
Star, Opposite Domestic Airport, Vile Parle
(EAST), Mumbai – 400099, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10287207 |
|
Type of charge |
· Book debts ·
Others (RECEIVABLES) |
|
Particular of
charge holder |
Punjab National Bank, Mid Corporate Branch, 10, Ashosk Marg, Lucknow - 226001, Uttar Pradesh, India |
|
Nature of
instrument creating charge |
1.Hypothecation
of Receivables 2.General Counter Indemnity |
|
Date of
instrument Creating the charge |
02.05.2012 |
|
Amount secured by
the charge |
Rs. 1702.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Commission 1.80%
p.a. Terms of Repayment As per sanction
terms Margin 15% in shape of
FDR Extent and Operation of the charge The Company's
present and future receivables are hypothecated to secure Bank Guarantee
facility of Rs.1702.000 Millions granted by the Bank to the Borrower in
favour of Board of Control for Cricket in India (BCCI) |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
all the Borrower's present and future receivables. |
|
Particulars of
the present modification |
The Bank
Guarantee of Rs.1702.000 Millions issued by the Bank in favour of Board of
Control for Cricket in India (BCCI) has now been renewed for 12 months. |
FIXED ASSETS
· Air Conditioner
· Building
· Building / temporary structure
· EDP Equipments
· Electrical Equipment
· Electrical Fittings
· Furniture and Fixtures
· Land Development
· Office Equipment
· Plant and Machinery
· Sports Equipments
· Telecommunication
· Tools and Equipments
AS PER WEBSITE
PRESS RELEASE
Sahara walks out of
BCCI sponsorship and IPL
February 4, 2012
he Indian cricket board suffered a body blow on Saturday as Sahara India pulled the plug from its multi-million dollar sponsorship and also walked out of the Pune franchise of the Indian Premier League (IPL), citing they have been denied natural justice yet again.
Sahara's decision comes just hours before the IPL 2012 auction, when 144 players went under the hammer here. Pune Warriors did not take part in the auction.
In a statement, Sahara said they would ‘continue paying the sponsorship money’ to the Board of Control for Cricket in India (BCCI) for a period of ‘2-4 months’ before the board gets a new contract.
"Sahara to dissociate with BCCI/IPL and reinvest in setting up of 20 sports promotion centres, with an international standard sports academy. It was an emotional decision for us to start this sponsorship but our emotions were never appreciated and many genuine situations, were not given due consideration at all," Sushanto Roy, Managing Director, Sahara Adventure Sports Limited, said in a statement.
Sahara had won the bid to continue as the Indian team sponsor in May 2010. Sahara's sponsorship deal with the BCCI is worth at $719,000 per match and will end on December 31, 2013. Sahara bid $370 million to become owners of the IPL Pune franchise in 2010.
Sahara cited several reasons while ending its 11-year-old association with the BCCI, the latest being its request in the IPL auction being turned down.
Sahara had requested the IPL to add Yuvraj Singh's price into its auction purse after the southpaw was ruled out of the tournament with a lung tumour.
"We requested the BCCI on the basis of the fact that we have only one Indian marquee player, that we be allowed to add price of Yuvraj Singh in our auction purse, during the February 4 auction because we had later taken Sourav Ganguly at $400,000. Again, we have been denied on the basis of the rule book. Yet again, a case of being denied natural justice.
"We think this peculiar situation of Yuvraj Singh is silent in the rule book because it probably talks only about players who are temporarily injured. Incidentally, once during the Champion's League tournament, one of the Indian IPL teams had a lot of injured players so they were rightly, out of natural justice, allowed to break the rules and take one extra foreign player. We appreciated this natural justice," the statement said.
Sahara said it would pay Yuvraj his full fee.
"Yuvraj, who is truly like one of our family members, is, quite unfortunately, passing through a bad phase health wise, undergoing treatment for critical illness, overseas. Our duty is to take care of him, so Sahara has decided to pay him his full fee this year with condition as a guardian that his priority should be health care and he should not play till he has fully recovered," he said.
Sahara sad its one-sided emotional relationship with the BCCI cannot be dragged any further.
"We are withdrawing from all cricket under BCCI. However, we don't want to give any problem to the BCCI and we also feel that the players should not suffer. BCCI will definitely take 2-4 months to get a new sponsor and we will continue paying the sponsorship money till then. All other IPL team players, coaches and other such associates will definitely get their due this year, in case they do not get a chance to play," the statement said.
Sahara's problems with the BCCI started in 2008 when their bid for one of the first eight IPL franchises was disqualified "owing to a small technicality on the whims and fancies of BCCI."
"Our first entry into IPL was thwarted in 2008 when we were disqualified, owing to a small technicality on the whims and fancies of BCCI. Yet our bid was not opened. Last year, Sahara entered the IPL on the basis of information in the media and everywhere else that 94 matches will be played among 10 teams. The bid price was accordingly calculated, but only 74 matches were played. We are still pursuing continuously with the BCCI to refund the extra bid money proportionately. It has been denied on the basis of strict rules," the statement said.
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 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.55.41 |
|
|
1 |
Rs.86.93 |
|
Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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 |
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.