|
Report Date : |
22.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
CITY REALTY AND DEVELOPMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
“City Chambers”, 917/19 A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-021147 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2090.584 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45209PN2005PTC021147 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC6632K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction Activity |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 6375000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between Horizon Ventures V, The company has recorded accumulated losses during 2012. However, trade relations are fair. Business is active. Payments terms
are slow but correct. The company can be considered for business dealings 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.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB+ = Fund Based Limits |
|
Rating Explanation |
Moderate risk of default |
|
Date |
May 2013 |
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. Vinayak |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-67267883 |
|
Date : |
17.08.2013 |
LOCATIONS
|
Registered Office : |
"City Chambers", 917/19A, |
|
Tel. No.: |
91-20-25654555/67267883 |
|
Mobile No.: |
91-7350554554 (Mr. Kangude) |
|
Fax No.: |
91-20-25657555 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
|
|
Tel. No.: |
91-20-67267883/4 |
|
|
|
|
Correspondence Address : |
One Indiabulls Centre, 16 Floor, Tower 2A Jupiter Mills Compound,
Senapati Bapat Marg, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-40406000 |
|
Fax No.: |
91-22-40436068 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Aniruddha Pradyumna Deshpande |
|
Designation : |
Director |
|
Address : |
D – 301, 1 Modibaug, Ganeskhind Road, Near Agriculture
College, Shivaji Nagar, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
29.03.1960 |
|
Date of Appointment : |
17.08.2005 |
|
Qualification : |
B.A. |
|
DIN No.: |
00023026 |
|
|
|
|
Name : |
Mr. Shishir Swami Saran Baijal |
|
Designation : |
Director |
|
Address : |
Flat No. 901, 9th Floor, |
|
Date of Birth/Age : |
06.03.1959 |
|
Date of Appointment : |
21.06.2007 |
|
Qualification : |
MBA |
|
DIN No.: |
00089265 |
|
|
|
|
Name : |
Mr. Suyash Verma |
|
Designation : |
Director |
|
Address : |
Flat No. 1301, 13th Floor, Raval Towers,
Sundervan Complex, New Link Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Date of Birth/Age : |
04.05.1961 |
|
Date of Appointment : |
21.06.2007 |
|
Qualification : |
BE |
|
DIN No.: |
00803214 |
|
|
|
|
Name : |
Mr. Arun Shridhar Patkie |
|
Designation : |
Director |
|
Address : |
B 10, Kamdar Park Society, N.M. Kale Marg,
Prabhadevi, Gokhale Road, Dadar – West, Mumbai
– 400028, Maharashtra, India |
|
Date of Birth/Age : |
22.01.1947 |
|
Date of Appointment : |
26.02.2008 |
|
Qualification : |
BE |
|
DIN No.: |
00782735 |
|
|
|
|
Name : |
Mr. Himesh Dinesh Lakhani |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
08.10.1977 |
|
Date of Appointment : |
17.06.2010 |
|
Qualification : |
B.Com |
|
DIN No.: |
01210700 |
|
|
|
|
Name : |
Mr. Mehul Sevantilal Shah |
|
Designation : |
Director |
|
Address : |
165, Manibai Bhuvan, 10th Khethwadi, |
|
Date of Birth/Age : |
24.08.1984 |
|
Date of Appointment : |
17.06.2010 |
|
Qualification : |
B.Com |
|
DIN No.: |
03070477 |
|
|
|
|
Name : |
Mr. Rahul Nair |
|
Designation : |
Director |
|
Address : |
20-A, |
|
Date of Birth/Age : |
08.07.1967 |
|
Date of Appointment : |
21.07.2011 |
|
DIN No.: |
01755435 |
|
|
|
|
Name : |
Mr. Ashwin Govindan Moolyil |
|
Designation : |
Additional Director |
|
Address : |
902, 9th Floor, Ruby Nirmal Lifestyle, |
|
Date of Birth/Age : |
08.02.1967 |
|
Date of Appointment : |
15.02.2013 |
|
DIN No.: |
02846815 |
KEY EXECUTIVES
|
Name : |
Mrs. Komal Kashinath Puri |
|
Designation : |
Secretary |
|
Address : |
A-, 502, Ganga Sarovar Society, Vadgaonsheri, Pune – 411014, |
|
Date of Birth/Age : |
12.01.1986 |
|
Date of Appointment : |
24.09.2012 |
|
|
|
|
Name : |
Mr. Vinayak |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
|
|
|
|
Nominal Equity
Shares |
|
|
|
City Corporation Limited, |
|
441000 |
|
Horizon Ventures V, |
|
459000 |
|
Total
(A) |
|
900000 |
|
|
|
|
|
Class “A” Equity
Shares |
|
|
|
Horizon Ventures V, |
|
1795410 |
|
Total
(B) |
|
1795410 |
|
|
|
|
|
Class “B” Equity
Shares |
|
|
|
City Corporation Limited, |
|
1725000 |
|
Total
(C) |
|
1725000 |
|
|
|
|
|
Total
(A) + (B) + (C) |
|
4420410 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
|
|
|
|
Class “X” 0.001% Compulsorily Convertible Non –
Cumulative Preference Shares |
|
|
|
Horizon Ventures V, |
|
168224452 |
|
Total
(A) |
|
168224452 |
|
|
|
|
|
Class “Y” 0.001% Compulsorily Convertible Non –
Cumulative Preference Shares |
|
|
|
City Corporation Limited, |
|
36413581 |
|
Total
(B) |
|
36413581 |
|
|
|
|
|
Total
(A) + (B) |
|
204638033 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
51.00 |
|
Bodies corporate |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
GENERAL INFORMATION
|
Customers : |
Corporate |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
600 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Tel No. 91-22-22182581
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
Note:
The loan is
secured by a) First pari passu
charge on assignment of future lease receivable along with other income from
tenants of Amanora Town Centre Retal Mall. b) Immovable
property of the retail mall having constructed area of 13.81 square feet.
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
Jallan Mills Compound, 95, Ganpatrao Kadam Marg, Lower Parel, Mumbai –
400013, |
|
PAN.: |
AALFS0506L |
|
|
|
|
Holding Company : |
Horizon Ventures V, |
|
|
|
|
Fellow Subsidiaries : |
CIN No.: U34102PN2004PTC019806 |
|
|
|
|
Enterprises owned or significantly influenced by key management
personnel or their relatives : |
CIN
No.: U45020PN2003PLC018435
CIN
No.: U70109MH2006PTC161374 |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital : Rs. 2200.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 2120.584
Millions
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Nominal Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
2000000 |
Class “A” Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
2000000 |
Class “B” Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
168800000 |
Class “X” 0.001% Compulsorily Convertible Non – Cumulative Preference Shares |
Rs.10/- each |
Rs. 1688.000 Millions |
|
46200000 |
Class “Y” 0.001% Compulsorily Convertible Non – Cumulative Preference Shares |
Rs.10/- each |
Rs. 462.000 Millions |
|
|
Total |
|
Rs. 2200.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Nominal Equity Shares |
Rs.10/- each |
Rs. 9.000 Millions |
|
1795410 |
Class “A” Equity Shares |
Rs.10/- each |
Rs. 17.954 Millions |
|
1725000 |
Class “B” Equity Shares |
Rs.10/- each |
Rs. 17.250 Millions |
|
168224452 |
Class “X” 0.001% Compulsorily Convertible Non – Cumulative Preference Shares |
Rs.10/- each |
Rs. 1682.245 Millions |
|
36413581 |
Class “Y” 0.001% Compulsorily Convertible Non – Cumulative Preference Shares |
Rs.10/- each |
Rs. 364.136 Millions |
|
|
Total |
|
Rs. 2090.584
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders’ Funds |
|
|
|
|
(a) Share Capital |
|
2090.584 |
1580.584 |
|
(b) Reserves & Surplus |
|
(496.719) |
(28.658) |
|
© Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
390.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1593.865 |
1941.926 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3376.027 |
2613.648 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
© Other long term liabilities |
|
137.761 |
88.436 |
|
(d) long-term provisions |
|
0.138 |
0.140 |
|
Total Non-current Liabilities (3) |
|
3513.926 |
2702.224 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
3.500 |
6.000 |
|
(b) Trade payables |
|
55.514 |
0.000 |
|
© Other current
liabilities |
|
751.372 |
405.973 |
|
(d) Short-term provisions |
|
0.349 |
0.085 |
|
Total Current Liabilities (4) |
|
810.735 |
412.058 |
|
|
|
|
|
|
TOTAL |
|
5918.526 |
5056.208 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5301.068 |
1179.050 |
|
(ii) Intangible Assets |
|
0.259 |
0.100 |
|
(iii) Capital
work-in-progress |
|
31.582 |
3581.853 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
© Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
135.216 |
96.359 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
5468.125 |
4857.362 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
36.818 |
162.135 |
|
(b) Inventories |
|
228.625 |
0.000 |
|
© Trade receivables |
|
51.964 |
0.000 |
|
(d) Cash and cash
equivalents |
|
59.042 |
36.709 |
|
(e) Short-term loans and
advances |
|
73.952 |
0.002 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
450.401 |
198.846 |
|
|
|
|
|
|
TOTAL |
|
5918.526 |
5056.208 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1580.584 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(15.476) |
|
|
NETWORTH |
|
|
1565.108 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2380.257 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
2380.257 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3945.365 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1173.077 |
|
|
Capital work-in-progress |
|
|
2381.875 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
498.233 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
22.102 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
6.916 |
|
Total
Current Assets |
|
|
29.018 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
90.830 |
|
|
Other Current Liabilities |
|
|
46.008 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
136.838 |
|
|
Net Current Assets |
|
|
(107.820) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3945.365 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCOME |
136.327 |
0.001 |
0.004 |
|
|
|
|
|
|
|
Less |
EXPENSES |
604.388 |
13.183 |
4.515 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
(468.061) |
(13.182) |
(4.511) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(468.061) |
(13.182) |
(4.511) |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.24) |
(0.08) |
NA |
Note: The Company has started its business activities from August 2011.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(343.00)
|
(1318200.00)
|
(112775.00) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(79.93)
|
(4.46)
|
(0.38) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.29)
|
(0.01)
|
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.12
|
1.35
|
1.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.56
|
0.48
|
0.21 |
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Inter corporate
Deposits |
3.500 |
6.000 |
|
Total |
3.500 |
6.000 |
NOTE: CURRENT
MATURITY OF LONG TERM BORROWINGS DETAIL: NOT AVAILABLE
OPERATIONS:
During the year, the company launched its retail-cum-entertainment
destination “Amanora Town Centre”. The development consisting of West Blok,
East Blok and Oasis is a stylish and uniquely designed expense spared over one
million square feet, showcases the finest Indian and International brands in
fashion, lifestyle, accessories, home, dining and entertainment. The
construction of offices spaces “Amanora Chambers” is going on steadily.
FIXED ASSETS:
·
·
Computers
·
Office Equipments
·
Furniture and Fixtures
·
Plant and Machinery
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 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. 63.46 |
|
|
1 |
Rs. 99.42 |
|
Euro |
1 |
Rs. 85.12 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.