MIRA INFORM REPORT
|
Report Date : |
19.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
NIRMAL LIFESTYLE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Multiplex Building, LBS Marg, Mulund (West), Mumbai –
400080, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
04.11.1999 |
|
|
|
|
Com. Reg. No.: |
11-122542 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 940.000
Millions |
|
|
|
|
CIN No.: [Company Identification No.] |
U92411MH1999PLC122542 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN07100C / MUMN07257F |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Property Developers |
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|
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|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 25045000 |
|
|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a well-experienced company having a moderate track record. The
latest financial are not available. As per old (2010), the company is found normal for business dealings. Trade relations are fair. Business is active. Payment terms are
unknown. The company can be considered for business dealings with some caution.
Note : Due to technical error in the government sites, we hereby provide you the report with available details and we would provide you with a on the same company as soon as we get the additional information. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities : BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
April 18, 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities : A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
April 18, 2012 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Hemant Goyal |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-25905121 |
|
Date : |
18.04.2012 |
LOCATIONS
|
Registered Office : |
3rd Floor, Multiplex Building, LBS Marg, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Tel. No.: |
91-22-25905121 |
|
Fax No.: |
91-22-25971990 |
|
E-Mail : |
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|
Website : |
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|
Corporate Office : |
Nirmal Lifestyle Mall, 3rd Floor, |
|
Tel. No.: |
91-22-25937000/ 7100 / 25934444/ 25680000 |
|
Fax No.: |
91-22-25937200 |
|
E-Mail : |
|
|
|
|
|
Sales Office : |
LBS Marg, Opposite Nirmal Nagar, Mulund (West), Mumbai – 400080,
Maharashtra, India |
|
Tel. No.: |
91-22-67973180/ 81/ 25905122/ 23/ 66430383 |
|
Fax No.: |
91-22-67973182/ 25937200 |
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E-Mail : |
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|
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Overseas Office : |
1804, Burjuman Business Tower, Dubai, UAE |
|
Tel. No.: |
+971-4-5096886 |
|
Fax No.: |
+971-50-4361285 |
DIRECTORS
AS ON 28.12.2010
|
Name : |
Mr. Dharmesh S. Jain |
|
Designation : |
Director |
|
Address : |
Nirmal House, Nirmal Nagar Mulund (West), Mumbai – 400080,
Maharashtra, India |
|
Date of Birth/Age : |
09.10.1967 |
|
Date of Appointment : |
04.11.1999 |
|
|
|
|
Name : |
Mrs. Anju D. Jain |
|
Designation : |
Director |
|
Address : |
Nirmal House, Nirmal Nagar Mulund (West), Mumbai – 400080,
Maharashtra, India |
|
Date of Birth/Age : |
02.05.1970 |
|
Date of Appointment : |
04.11.1999 |
|
Email : |
|
|
|
|
|
Name : |
Mr. Chandrakant H Shah |
|
Designation : |
Director |
|
Address : |
Flat No. 1402, A/B Takshashila, Nirmal Nagar, Mulund Goregaon Link Road, Mulund (West) Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
17.04.1950 |
|
Date of Appointment : |
01.11.2010 |
|
|
|
|
Name : |
Mr. Rajeev R. Jain |
|
Designation : |
Director |
|
Address : |
1901, Takshashila, Nirmal Nagar, Mumbai – 400080, |
|
Date of Birth/Age : |
11.03.1974 |
|
Date of Appointment : |
01.02.2007 |
KEY EXECUTIVES
|
Name : |
Mr. Hemant Goyal |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.12.2010
|
Names of Shareholders |
|
No. of Shares |
|
Dharmesh Jain |
|
67828882 |
|
Nirmala S. Jain |
|
33571 |
|
Anju D. Jain |
|
137539 |
|
Chandrakant Shah |
|
2 |
|
Umesh Solanki |
|
2 |
|
Rajeev R. Jain |
|
2 |
|
Major General Vijay Pawar |
|
2 |
|
Nirmal Lifestyle Holding Private Limited, India |
|
52000000 |
|
|
|
|
|
Total |
|
120000000 |
BUSINESS DETAILS
|
Line of Business : |
Property Developers |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
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|
|
|
Purchasing : |
Cheque |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Ø Punjab and Sind Bank, Lakhi House, Opposite Panchayati Gurdwara, L.B.S. Marg, Mulund (West), Mumbai - 400078, Maharashtra, India Ø Housing
Development Finance Corporation Limited, Ramon House 169 Backbay Reclamation,
HT Parekh Marg, Mumbai - 400020, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Financial Institution : |
·
Infrastructure Development Finance Company
Limited ITC Centre, 3rd Floor, 760 Anna Salai, Chennai – 600002, |
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|
|
|
Auditors : |
|
|
Name : |
R. C. Jain and Associates Chartered Accountants |
|
Address : |
624, The Corporate Centre, Nirmal Lifestyle, LBS Marg, Mulund (West),
Mumbai – 400080, |
|
|
|
|
Associates: |
Ø Nirmal Infrastructure Private Limited Ø Nirmal Infrastructure (India) Private Limited Ø Nirmal Lifestyle (Vasai) Private Limited Ø Nirmal Lifestyle (Panvel) Private Limited Ø Nirmal Lifestyle (Thane) Private Limited Ø Nirmal Lifestyle Realty |
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|
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Subsidiaries : |
Ø Bombay IT Park Private
Limited [U70109MH2006PTC160914] Ø Nrimal Lifestyle
(Mulund) Private Limited [U74999MH2007PTC177019] Ø Nirmal Homes
Private Limited [U70102MH2007PTC167940] Ø Nirmal Heritage
Private Limited [U45200MH2002PTC137283] Ø Nirmal Lifestyle
(Kalyan) Private Limited [U74999MH2007PTC169388] Ø Nirmal Lifestyle
(Pune) Private Limited [U45400MH2007PTC169320] Ø Nirmal Lifestyle
Developers Private Limited [U45200MH2008PTC180540] Ø Nirmal Lifestyle
City Service Private Limited [U74900MH2008PTC182717] Ø Nirmal Lifestyle
(Indore) Private Limited [U74999MH2007PTC169423] Ø Nirmal
Construction Private Limited [U70100MH2006PTC158853] |
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|
|
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Other Parties where relationship of Control exists: |
Ø Nirmal Super Markets Private Limited Ø Nirmal Avasiya Sankul Private Limited Ø Nirmal lifestyle Reality Private Limited (earlier known as Nirmal Holdings Limited) Ø Nirmal Lifestyle Properties Private Limited Ø Nirmal Developers Ø Nirmal Lifestyle City Development Corporation Private Limited Ø Nirmal Lifestyle Holding Private Limited Ø Sujyoti Developers Private Limited Ø Dharam Kshetra Properties Private Limited Ø Nirmal Lifestyle Theater Private Limited |
CAPITAL STRUCTURE
AFTER
28.09.2012
Authorised Capital : Rs. 1500.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 1447.000 Millions
AS
ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100005000 |
Equity Shares |
Rs. 10/- each |
Rs. 1000.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
94000000 |
Equity Shares |
Rs. 10/- each |
Rs. 940.000
Millions |
|
|
|
|
|
Note:
(Of the above 75000000 (31000000) equity
shares allotted as fully paid – up bonus share of Rs.10/- each)
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 |
940.000 |
500.000 |
100.000 |
|
|
2] Share Application Money |
320.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5001.621 |
448.015 |
496.510 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6261.621 |
948.015 |
596.510 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7584.700 |
5923.299 |
5256.700 |
|
|
2] Unsecured Loans |
76.690 |
42.463 |
230.160 |
|
|
TOTAL BORROWING |
7661.390 |
5965.762 |
5486.860 |
|
|
DEFERRED TAX LIABILITIES |
86.725 |
53.876 |
44.421 |
|
|
|
|
|
|
|
|
TOTAL |
14009.736 |
6967.653 |
6127.791 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6421.009 |
1359.239 |
1073.418 |
|
|
Capital work-in-progress |
2700.910 |
38.011 |
338.071 |
|
|
|
|
|
|
|
|
INVESTMENT |
590.977 |
579.881 |
420.603 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2575.859
|
3582.457
|
2839.342
|
|
|
Sundry Debtors |
897.292
|
586.172
|
634.314
|
|
|
Cash & Bank Balances |
533.037
|
137.145
|
91.660
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
3639.382
|
2101.538
|
1396.636
|
|
Total
Current Assets |
7645.570
|
6407.312
|
4961.952
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
620.242
|
275.439
|
166.125
|
|
|
Other Current Liabilities |
2449.286
|
984.266
|
411.506
|
|
|
Provisions |
279.202
|
171.806
|
110.093
|
|
Total
Current Liabilities |
3348.730
|
1431.511
|
687.724
|
|
|
Net Current Assets |
4296.840
|
4975.801
|
4274.228
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
14.721 |
21.471 |
|
|
|
|
|
|
|
|
TOTAL |
14009.736 |
6967.653 |
6127.791 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2187.215 |
1086.704 |
1058.676 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
2187.215 |
1086.704 |
1058.676 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Construction and
Operating Expenses |
2380.022 |
1009.210 |
380.662 |
|
|
|
Increase/ Decrease in Stock |
1431.921 |
(743.115) |
(267.764) |
|
|
|
Transferred to Capital Work in Progress / Fixed Assets |
(2661.950) |
(11.235) |
|
|
|
|
Personnel
Expenses |
80.272 |
71.079 |
57.421 |
|
|
|
Administrative Expenses |
153.189 |
117.064 |
154.111 |
|
|
|
Legal and Professional Fees |
50.437 |
27.678 |
30.558 |
|
|
|
Marketing Expenses |
120.806 |
22.372 |
33.344 |
|
|
|
Software Development Expenses |
0.000 |
0.000 |
0.282 |
|
|
|
Loss on |
0.000 |
0.000 |
0.056 |
|
|
|
Fixed Assets written off |
0.000 |
0.000 |
0.022 |
|
|
|
Miscellaneous Expenses Written off |
0.000 |
13.404 |
11.502 |
|
|
|
Overheads Charge to fixed assets |
0.000 |
0.000 |
12.545 |
|
|
|
TOTAL (B) |
1554.697 |
506.457 |
412.739 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
632.518 |
580.247 |
645.937 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
293.823 |
261.364 |
509.678 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
338.695 |
318.883 |
136.259 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
98.636 |
85.307 |
35.936 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
240.059 |
233.576 |
100.323 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
89.802 |
34.023 |
39.747 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
150.257 |
199.553 |
60.576 |
|
|
|
|
|
|
|
|
|
Less |
LESS: SHORT
PROVISION OF TAX/DIFFERED TAX OF EARLIER YEARS |
40.964 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PROFIT / (LOSS) B/F
|
448.016 |
496.510 |
447.633 |
|
|
|
|
|
|
|
|
|
Add |
PROFIT AND LOSS
ACCOUNT TRANSFERRED ON AMALGAMATION NLIPL |
326.600 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
9.400 |
28.000 |
10.000 |
|
|
|
Dividend Tax |
1.597 |
0.047 |
1.699 |
|
|
|
Transfer to Bonus share capital |
440.000 |
220.000 |
0.000 |
|
|
|
|
|
248.047 |
11.699 |
|
|
BALANCE CARRIED
TO THE B/S |
432.912 |
448.016 |
496.510 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.60 |
3.99 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
6.87
|
18.36
|
5.72
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.71
|
3.01
|
1.66
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.25
|
0.17
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.22
|
6.29
|
9.20
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.28
|
4.48
|
7.22
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
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] |
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 |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
|
|
From Directors |
52.190 |
42.463 |
|
From Other |
24.500 |
0.000 |
|
Total |
76.690 |
42.463 |
Note:
The registered office address of the company has been shifted from Jawahar
Talkies Compounder R P Road, Mulund West, Mumbai – 400080, Maharashtra, India
to Present w.e.f.01.11.2009
FIXED ASSETS:
Ø Building
Ø Furniture and
Fixture
Ø Computers
Ø Plant and
Machinery
Ø Office Equipment
Ø Electrical
Installation
Ø 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] 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. 53.94 |
|
|
1 |
Rs. 82.77 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.