MIRA INFORM REPORT
|
Report Date : |
21.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
OBEROI CONSTRUCTIONS LIMITED (w.e.f. 13.07.2011) |
|
|
|
|
Formerly Known
As : |
OBEROI CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Commerz, 3rd Floor, International Business Park, Oberoi
Garden City, Off Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra |
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|
|
|
Country : |
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Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.11.1993 |
|
|
|
|
Com. Reg. No.: |
11-074836 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.51.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202MH1993PTC074836 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO01873E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Real Estate Developers. |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (67) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 47800000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of Oberoi Realty Limited. It is a well established
company having fine track records. The financial position of the company appears to be sound. There
appears some dip in the total income earned by the company during 2011 from
last year. However, trade relations are reported as trustworthy. Business is
active. Payments are reported to be regular and as per commitments. The company can be considered good for business dealings at usual
trade terms and conditions. Note: ‘Oberoi Constructions Private Limited’ is known as ‘Oberoi
Constructions Limited’ with effect from 13.07.2011. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ 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 DENIED
Management non Co-operative
LOCATIONS
|
Registered Office : |
Commerz, 3rd Floor, International Business Park, Oberoi Garden
City, Off Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
|
Tel. No.: |
91-22-66773333/ 66773360 |
|
Fax No.: |
91-22-66773334 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 22.06.2012
|
Name : |
Mr. Vikas Ranvir
Oberoi |
|
Designation : |
Managing Director |
|
Address : |
Plot Number 70,
12th |
|
Date of Birth/Age : |
08.09.1969 |
|
Qualification : |
Owner’s/ President’s Management Program from Harvard Business School |
|
Date of Appointment : |
02.11.1993 |
|
Din No.: |
00011701 |
|
|
|
|
Name : |
Ms. Bindu Ranvir Oberoi |
|
Designation : |
Whole Time Director |
|
Address : |
Plot Number 70,
12th |
|
Date of Birth/Age : |
20.08.1968 |
|
Qualification : |
Bachelor’s degree in commerce |
|
Date of Appointment : |
01.12.2006 |
|
Din No.: |
00837711 |
|
|
|
|
Name : |
Mr. Tilokchand Punamchand Ostwal |
|
Designation : |
Director |
|
Address : |
103, Falcon’s Crest, G.D. Ambekar Marg, Parel,
Mumbai – 400012, |
|
Date of Birth/Age : |
07.11.1954 |
|
Qualification : |
Bachelor’s degree in commerce, Fellow member of the Institute of Chartered Accountants of India |
|
Date of Appointment : |
14.12.2009 |
|
Voter ID No.: |
SOK4141016 |
|
Din No.: |
00821268 |
|
|
|
|
Name : |
Mr. Rajendra Manohar Chandorkar |
|
Designation : |
Director |
|
Address : |
A/503, Khanna Apartment, Near Diamond Garden, Chembur
(East), Near Yogi Restaurant, Mumbai – 400067, Maharashtra, India |
|
Date of Birth/Age : |
02.08.1972 |
|
Date of Appointment : |
15.10.2011 |
|
Voter ID No.: |
MT/06/048/0186091 |
|
Din No.: |
03626923 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 22.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Oberoi Realty Limited, |
|
5099990 |
|
Santosh Ranvir
Oberoi |
|
4 |
|
Vikas Ranvir
Oberoi and Oberoi Realty Limited, |
|
1 |
|
Bindu Oberoi and Oberoi Realty Limited, |
|
1 |
|
Saumil Daru and Oberoi Realty Limited, |
|
1 |
|
Raman Sapru and Oberoi Realty Limited, |
|
1 |
|
Rajendra Chandorkar and Oberoi Realty Limited, |
|
1 |
|
Arunkumar Kotian and Oberoi Realty Limited, |
|
1 |
|
|
|
|
|
Total
|
|
5100000 |
Equity Share Break up (Percentage of Total Equity)
As on: 22.06.2012
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Developers. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. Raj and Company Chartered Accountants |
|
Address : |
3/1218, Navjivan Commercial Premises, Co-Operative Society Limited, |
|
Tel. No.: |
91-22-23054459/23012074/23002048 |
|
Fax No.: |
91-22-23012074 |
|
E-Mail : |
|
|
Website: |
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|
PAN No.: |
ANCPS2268R |
|
|
|
|
Subsidiary : |
Perspective Realty Private Limited CIN No.: U70200MH2007PTC175541 |
|
|
|
|
Holding Company : |
Oberoi Realty Limited CIN No.:
U45200MH1998PLC114818 |
|
|
|
|
Fellow Subsidiary
Companies : |
Perspective Realty Private Limited (till June 21, 2009) |
|
|
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|
Associates / Entities
where Key Management Personnel have Significant Influence : |
I-ven Realty Limited CIN No.: U70100MH2003PLC143211 |
|
|
|
|
Joint venture / AOP
: |
· Siddhivinayak Realties Private Limited CIN No.: U45202MH2001PTC132103 · ZACO Aviation Oasis Realty |
|
|
|
|
Co-Members of AOP : |
· Sky Lark Buildcon Private Limited CIN No.: U45202MH2010PTC206561 · Shree Vrunda Enterprises |
|
|
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|
Others : |
· Oasis Realty · Z A C O Aviation |
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|
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5250000 |
Equity Shares |
Rs.10/- each |
Rs.52.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5100000 |
Equity Shares |
Rs.10/- each |
Rs.51.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
51.000 |
51.000 |
51.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11911.324 |
8891.601 |
5008.127 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11962.324 |
8942.601 |
5059.127 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.058 |
|
|
2] Unsecured Loans |
265.494 |
0.000 |
4.616 |
|
|
TOTAL BORROWING |
265.494 |
0.000 |
4.674 |
|
|
DEFERRED TAX LIABILITIES |
16.622 |
18.087 |
15.069 |
|
|
|
|
|
|
|
|
TOTAL |
12244.440 |
8960.688 |
5078.870 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
80.423 |
100.596 |
110.808 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.150 |
789.841 |
0.050 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4481.740
|
4103.534
|
5472.916
|
|
|
Sundry Debtors |
192.500
|
189.040
|
177.568
|
|
|
Cash & Bank Balances |
2263.541
|
2573.404
|
858.735
|
|
|
Other Current Assets |
17.199
|
1538.242
|
0.000
|
|
|
Loans & Advances |
6090.492
|
2790.743
|
1072.774
|
|
Total
Current Assets |
13045.472
|
11194.963
|
7581.993
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
121.446
|
96.903
|
87.639
|
|
|
Other Current Liabilities |
699.252
|
2967.316
|
2519.956
|
|
|
Provisions |
60.907
|
60.493
|
6.386
|
|
Total
Current Liabilities |
881.605
|
3124.712
|
2613.981
|
|
|
Net Current Assets |
12163.867
|
8070.251
|
4968.012
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12244.440 |
8960.688 |
5078.870 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5218.759 |
6735.226 |
|
|
|
|
Other Income |
171.544 |
108.039 |
|
|
|
|
TOTAL (A) |
5390.303 |
6843.265 |
2996.799 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
(378.207) |
1369.382 |
|
|
|
|
Manufacturing service costs |
2581.327 |
1486.126 |
|
|
|
|
Employee related expenses |
3.074 |
2.172 |
|
|
|
|
Administrative selling other expenses |
7.768 |
4.557 |
|
|
|
|
TOTAL (B) |
2213.962 |
2862.237 |
1200.232 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3176.341 |
3981.028 |
1796.567 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.006 |
0.001 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3176.335 |
3981.027 |
1796.567 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
15.461 |
11.766 |
11.624 |
|
|
|
|
|
|
|
|
|
Add |
EXCEPTIONAL
ITEMS (EXCESS DEPRECIATION REVERSAL OF EARLIER YEARS) |
0.000 |
0.000 |
7.937 |
|
|
|
|
|
|
|
|
|
Add/ Less |
PRIOR PERIOD
(INCOME) / EXPENSES |
0.000 |
0.410 |
(0.535) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3160.874 |
3969.671 |
1792.345 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
81.878 |
26.529 |
32.910 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3078.996 |
3943.142 |
1759.435 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
8143.243 |
4654.167 |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
307.900 |
394.400 |
NA |
|
|
|
Dividend |
51.000 |
51.000 |
NA |
|
|
|
Tax on Dividend |
8.273 |
8.667 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
10855.066 |
8143.242 |
4654.167 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1.698 |
1.773 |
15.864 |
|
|
TOTAL EARNINGS |
1.698 |
1.773 |
15.864 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4.567 |
56.790 |
NA |
|
|
TOTAL IMPORTS |
4.567 |
56.790 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
603.72 |
773.17 |
344.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
57.12 |
57.62
|
58.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
60.57 |
58.94 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.08 |
35.14
|
23.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.44
|
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.10 |
0.35
|
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
14.80 |
3.58
|
2.90 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Outstanding due to
micro, small and medium enterprises |
0.219 |
0.000 |
26.030 |
|
Outstanding due
to other than micro, small and medium enterprises |
121.227 |
96.903 |
61.609 |
|
|
|
|
|
|
Total |
121.446 |
96.903 |
87.639 |
|
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 three years |
Yes |
|
12] |
Profitability for last three 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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS:
During the year, the company has recorded total income of Rs. 5390.303 Millions as compared to Rs. 6843.265 Millions in the previous year. The Profit before tax has decreased to Rs. 3160.874 Millions for the year ended March 31, 2011 as compared to Rs. 3969.671 Millions for the previous year. After deducting provision for taxation, the company earned a Net Profit of Rs. 3078.996 Millions for the year under review as compared to Rs. 3943.142 Millions in the previous year.
Note:
The registered office of the company has been shifted from
International Business Park, Oberoi Garden City, Opposite Western Express
Highway, Goregaon (East), Mumbai-400063, Maharashtra, India to the present
address w.e.f. 21.09.2009.
CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF:
(Rs. in millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
Letters of Credit (net of margin) |
0.000 |
1.140 |
|
Commitment in respect of Joint Venture |
240.000 |
400.000 |
|
Legal cases against the Company not acknowledged as debts |
2.000 |
0.000 |
|
Claims against the Company not acknowledged as debts |
215.209 |
2.200 |
|
Custom duty matters in dispute |
0.330 |
0.000 |
|
Income-tax matters in dispute |
81.810 |
7.807 |
Fixed Assets:
·
Building
·
Aircraft
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Computer
·
Intangible Assets
·
Vehicles
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] 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.54.34 |
|
|
1 |
Rs.87.91 |
|
Euro |
1 |
Rs.70.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
67 |
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.