MIRA
INFORM REPORT
|
Report Date : |
06.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAWALA REAL ESTATE PRIVATE LIMITED |
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Registered
Office : |
C-35, 1st Floor, Hauz Khas, Near Hauz Khas Police Station, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
24.09.2012 |
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Com. Reg. No.: |
55-135519 |
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Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
|
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CIN No.: [Company Identification
No.] |
U74999DL2005PTC135519 |
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|
PAN No.: [Permanent Account No.] |
AABCJ5620R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of Real Estate Development |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The
company is continuously incurring heavy losses. The company could not launch
any project during 2012. There also appears huge external borrowings recorded
by the company which seems to be increasing over years act as a threat to the
liquidity position of the company. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a secured trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
C-35, 1st Floor, Hauz Khas, Near Hauz Khas Police Station,
New Delhi – 110001, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
Lodha Excelus, N.M. Joshi Marg, Mahalaxmi, Mumbai - 400 011, Maharashtra, India. |
|
Tel. No.: |
91-22-23024400 |
|
Fax No.: |
91-22-23000693 |
DIRECTORS
As on 24.09.2012
|
Name : |
Mr. Sanjay Goenka |
|
Designation : |
Director |
|
Address : |
C-1A/111A, Janakpuri, Delhi- 110058, India |
|
Date of Birth/Age : |
31.12.1964 |
|
Date of Appointment : |
27.04.2005 |
|
DIN No.: |
00003144 |
|
|
|
|
Name : |
Mr. Atul Goyal |
|
Designation : |
Director |
|
Address : |
614 Tech. Apts, 24, 1.P. Estusion Patpurganj, New Delhi- 11009, India |
|
Date of Birth/Age : |
16.12.1967 |
|
Date of Appointment : |
03.05.2012 |
|
DIN No.: |
00007991 |
|
|
|
|
Name : |
Mr. Rana Roy Choudhury |
|
Designation : |
Director |
|
Address : |
1-B/301 3rd Floor, Dheeraj Enclave, Borivali (East), Mumbai- 400066, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1956 |
|
Date of Appointment : |
08.09.2008 |
|
DIN No.: |
00481856 |
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|
|
|
Name : |
Mr. Sandeep Jain |
|
Designation : |
Director |
|
Address : |
J-201, 2nd Floor, Plot No.-66, Agarsen Avas, I.P Ext. Delhi- 11009, India |
|
Date of Birth/Age : |
23.01.1978 |
|
Date of Appointment : |
03.07.2009 |
|
DIN No.: |
02589158 |
KEY EXECUTIVES
|
Name : |
Mr. Raju Paul |
|
Designation : |
Secretary |
|
Address : |
Pocket 52/88 FF, C R Park, New Delhi – 110019, India |
|
Date of Birth/Age : |
05.01.1970 |
|
Date of Appointment : |
29.05.2012 |
|
Pan No. : |
ANCCP6008J |
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|
|
|
Name : |
Mr. Rana Roy Choudhury |
|
Designation : |
Manager |
|
Address : |
1-B/301 3rd Floor, Dheeraj Enclave, Borivali (East), Mumbai- 400066, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1956 |
|
Date of Appointment : |
19.02.2010 |
|
Pan No. : |
AAAPC3546P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
DLF Universal Limited, India |
|
49994 |
|
A. P. Garg jointly with DLF Universal Limited, India |
|
1 |
|
Sanjay Goenka jointly with DLF Universal Limited, India |
|
1 |
|
S.K. Gupta jointly with DLF Universal Limited, India |
|
1 |
|
Y. N. Sharma jointly with DLF Universal Limited, India |
|
1 |
|
Adesh Gupta jointly with DLF Universal Limited, India |
|
1 |
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Manik Khanna jointly with DLF Universal Limited, India |
|
1 |
|
DLF Cyber City Developers Limited, India |
|
4950000 |
|
Total |
|
5000000 |
As on 24.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of Real Estate
Development |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
IDBI Bank |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Financial
Institutions : |
IL and FS Trust Company Limited, IL and FS Financial
Centreplot No C22 G Block Bandra, Kurla Complex Bandra (East), Mumbai -
400051, Maharashtra, India |
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|
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Auditors : |
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|
Name : |
Walker, Chandiok and Company Chartered Accountants |
|
Address : |
L 41 Connaught Circus, New Delhi – 110001, India |
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PAN.: |
AAAFW4398E |
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Ultimate holding
company : |
DLF Limited |
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Holding company : |
DLF Cyber City Developers Limited |
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Fellow subsidiary : |
· DLF Universal Limited · DLF Construction Limited · DLF Home Developers Limited · DLF Projects Limited · DLF India Limited · DLF GK Residency · Star Alubuild Private Limited ·
Delanco Home and Resorts Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5050000 |
Equity Shares |
Rs.10/- each |
Rs.50.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000
Millions |
|
|
|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
50.000 |
50.000 |
50.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
151.985 |
163.499 |
201.074 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
201.985 |
213.499 |
251.074 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
16502.662 |
14868.235 |
315.052 |
|
|
2] Unsecured Loans |
0.000 |
311.632 |
13830.442 |
|
|
TOTAL BORROWING |
16502.662 |
15179.867 |
14145.494 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
16704.647 |
15393.366 |
14396.568 |
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APPLICATION OF FUNDS |
|
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|
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|
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FIXED ASSETS [Net Block] |
1.610 |
1.764 |
1.689 |
|
|
Capital work-in-progress |
17687.787 |
16337.323 |
15289.768 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
15.220
|
13.807 |
6.518 |
|
|
Other Current Assets |
0.257
|
0.140 |
0.078 |
|
|
Loans & Advances |
400.045
|
158.079 |
113.768 |
|
Total
Current Assets |
415.522
|
172.026 |
120.364 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
111.678
|
113.495 |
24.301 |
|
|
Other Current Liabilities |
1288.594
|
1004.252 |
987.912 |
|
|
Provisions |
0.000
|
0.000 |
3.040 |
|
Total
Current Liabilities |
1400.272
|
1117.747 |
1015.253 |
|
|
Net Current Assets |
(984.750)
|
(945.721) |
(894.889) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16704.647 |
15393.366 |
14396.568 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
NA |
NA |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(11.513) |
(37.575) |
(1.302) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(34.501) |
3.074 |
4.376 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(46.014) |
(34.501) |
3.074 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(9.20) |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
81.70
|
71.10 |
56.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.30
|
0.15 |
0.12 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
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 |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from
DBS Business Center FF, World Trade Tower, Barakhamba Lane, Connaught Place,
New Delhi – 110001, India to present address w.e.f. 11.12.2012
REVIEW OF OPERATIONS
AND FUTURE OUTLOOK
During the period under review, the Company could not launch any project.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term borrowings |
|
|
|
Fully convertible debentures others |
3874.500 |
3874.500 |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
12628.162 |
10993.735 |
|
Total |
16502.662 |
14868.235 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74999DL2005PTC135519 |
|
Name of the
company |
JAWALA REAL
ESTATE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-35, 1st Floor, Hauz Khas, Near Hauz Khas Police Station,
New Delhi – 110001, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Immovable property · Any interest in immovable property · Others |
|
Particular of
charge holder |
IL and FS Trust Company Limited, IL and FS Financial Centreplot No C22 G Block Bandra, Kurla Complex Bandra (East), Mumbai - 400051, Maharashtra, India |
|
Nature of
instrument creating charge |
Indenture of
Mortgage dated 1st November, 2012 |
|
Date of
instrument Creating the charge |
01.11.2012 |
|
Amount secured by
the charge |
Rs. 7500.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 12% p.a. (fixed)
to be paid on quarterly basis. Terms of Repayment To be redeemed at
premium of Rs. 44.000 Millions on Face Value of each Debenture. Extent and Operation of the charge The Charge will
extend to all the amounts payable with all interest, fees, premium on
prepayment, cost, charges, expenses and all other monies whatsoever
stipulated in or payable to the Mezzanine Financiers including all fees,
charges, expenses and remuneration payable to the Security Trustee on behalf
of the Mezzanine Financiers, costs, charges, expenses and other monies
whatsoever stipulated or payable by the Mortgagor under the Mezzanine
Documents. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
A. Second pari-passu charge over following properties: (a) land admeasuring 65,683.80 sq. meters baring C. S. No. 464, Senapati Bapat Marg, Worli along with structure constructed (b) Receivables arising out of above properties; and (c) Common Escrow Account as described B. Exclusive charge on interest payment escrow account. |
FIXED ASSETS
· Furniture and fixtures
· Office equipment
· Computer equipments
· Other equipments
PRESS RELEASE
JAWALA REAL ESTATE
CEASES TO BE SUBSIDIARY OF DLF
India Infoline News
Service/ 08:33 , Nov 02, 2012
The above transaction
is in line with the Company’s objective of divesting its non-strategic assets.
With reference to the earlier announcement dated August 13, 2012 regarding the Company, along with its three wholly-owned subsidiaries - i) DLF Cyber City Developers Limited, ii) DLF Universal Limited and iii) Jawala Real Estate Private Limited (‘Jawala’), have entered into an agreement with Lodha Developers Limited (‘Lodha’) for divesting the entire stake of the Company, DLF Cyber City Developers Limited and DLF Universal Limited in ‘Jawala’ for an enterprise value estimated to be Rs. 27000.000 Millions, subject to final adjustments at completion, DLF Limited has announced that upon fulfillment of all conditions by the parties and receipt of payment of all amounts under the agreement totaling to Rs. 27.27bn from Lodha, ‘Jawala’ has ceased to be a subsidiary of the Company.
The above transaction is in line with the Company’s objective of divesting its non-strategic assets.
DLF SELLS MUMBAI LAND
TO LODHA FOR RS. 27000.000 MILLIONS
Mumbai, Tue Aug
14 2012
DLF, India's biggest property developer, has sold 17 acres of prime land in Mumbai to Lodha Developers for about Rs 27000.000 Millions as part of the company's strategy to reduce its liabilities.
The Delhi-based realty firm bought the plot in the city for about Rs 7000.000 Millions in 2005 from state-run National Textile Corporation. It plans to use part of the sale proceeds to pare its debt of about Rs 227000.000 Millions.
Lodha Developers has entered into a binding agreement to acquire DLF's wholly-owned subsidiary Jawala Real Estate, which is the owner of the strategic 17-acre Mumbai textile mill property at Worli, Lodha said in a statement.
"The acquisition is for a consideration of Rs 12000.000 Millions for both equity and debentures of the company. In addition, Lodha is also expected to take over about Rs.15000.000 Millions of liabilities that Jawala has incurred for the development since it purchased the property from NTC in 2005," it added.
"The acquisition is 3-4 times cheaper than deals recently done by other real estate players. At a cost of Rs 5,000 per sq ft, this land acquisition gives Lodha significant competitive advantage to build a mixed-use development over 5 million sq ft at the prime location of Worli," Lodha said.
DLF shares rose by 3.47 per cent to Rs 217.55 on the BSE after the announcement of the deal.
After completion of the divestment, which is subject to fulfillment of certain conditions precedent by the parties and payment of amounts due under the agreement by Lodha, Jawala Real Estate Private Limited (Jawala) will cease to be a subsidiary of the company," DLF said in a stock exchange filing. The completion is expected by the end of October 2012. When DLF bought the land from NTC seven years ago, the acquisition was then touted as one of the costliest deals.
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 governmen 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.54.88 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
-- |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
14 |
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.