MIRA
INFORM REPORT
|
Report Date : |
21.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
XRBIA DEVELOPERS LIMITED (w.e.f. 21.06.2012) |
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Formerly Known
As : |
EIFFEL DEVELOPERS AND REALTORS LIMITED (W.e.f. 18.12.2007) EIFFEL DEVELOPERS AND REALTORS PRIVATE LIMITED (w.e.f. 14.05.2007) EIFFEL INFOCITY PRIVATE LIMITED |
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Registered
Office : |
Office No.125/126, Patil Plaza, Mitramandal Chowk, Parvati, Pune-411009,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
22.09.2004 |
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Com. Reg. No.: |
11-019772 |
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Capital
Investment / Paid-up Capital : |
Rs.197.468 Millions |
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CIN No.: [Company Identification
No.] |
U45209PN2004PLC019772 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE01770G |
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PAN No.: [Permanent Account No.] |
AABCE5318F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject
is engaged in the activity of Development and Sale of Land,
Construction of Residential complex and other projects. |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4700000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Listing : |
-- |
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Banker’s Note : |
-- |
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Comments : |
Subject is an established company having satisfactory track record.
The management has failed to file its latest financials i.e. 2011-12 with the
government department from the previous year financial the company seems to
be performing well. Trade relations are reported as fair. Business is active.
Payments are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual
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.
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.
Subject’s name has been found enlisted as a
defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’
list as of 31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Ms. Trupti |
|
Designation : |
Finance Manager |
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Contact No.: |
91-20-66858609 |
|
Date : |
16.02.2013 |
LOCATIONS
|
Registered Office : |
Office No.125/126, Patil Plaza, Mitramandal Chowk, Parvati,
Pune-411009, Maharashtra, India |
|
Tel. No.: |
91-20-66858888 / 66858609 |
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Fax No.: |
91-20-66858889 |
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E-Mail : |
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Corporate Office : |
929, Mantri House, 1st Floor, Near Dnyaneshwar Paduka Chowk,
F C Road, Pune – 411004, Maharashtra, India |
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Tel. No.: |
91-20-66858888 |
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Fax No.: |
91-20-66858889 |
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|
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Branches : |
Terminal 9, G-3, Ground Floor, Near Domestic Airport, Next to Hotel Sahara
Star, Vile Parle, East, Mumbai – 400057, Maharashtra, India |
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Tel. No.: |
91-22-67250851 |
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Fax No.: |
91-22-67250852 |
DIRECTORS
AS ON 28.09.2011
|
Name : |
Mr. Shekhar Dattatray Savlekar |
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Designation : |
Director |
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Address : |
Kamatheagar Vagh Vasti Somji Basastep, Javal Kondhava Bu, Pune –
411048, Maharshtra, India |
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Date of Birth/Age : |
19.10.1969 |
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Date of Appointment : |
12.12.2009 |
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DIN No.: |
02876472 |
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Name : |
Mr. Dilip Ramkrishna Khapre |
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Designation : |
Director |
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Address : |
A-13, Viola Near Cipla Foundation Pune – 411058, Maharashtra, India |
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Date of Birth/Age : |
22.08.1950 |
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Date of Appointment : |
17.08.2010 |
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DIN No.: |
03089192 |
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Name : |
Mr. Sunilkumar Ashok Oza |
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Designation : |
Director |
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Address : |
86/16, Sandhya Society, Jainath Sahakar Nagar, Pune – 411009,
Maharashtra, India |
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Date of Birth/Age : |
22.07.1985 |
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Date of Appointment : |
17.08.2010 |
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DIN No.: |
03113322 |
KEY EXECUTIVES
|
Name : |
Ms. Trupti |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2011
|
Names of Shareholders |
No. of Shares |
|
Rahul Rasiklal Nahar |
13345798 |
|
Vishal Rasiklal Nahar |
4669200 |
|
Lily Floricture Private Limited, Pune |
720000 |
|
Vijay Motilal Bhansali |
1 |
|
Eden L:andmarks Private Limited, India (Formerly known as Christmas
Rose Floriculture Private Limited) |
720000 |
|
Shirish Vishnu Mulekar |
291825 |
|
Shrenik Vinaykumar Balai |
1 |
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TOTAL
|
19746825 |
AS ON 28.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
7.29 |
|
Other top fifty shareholders |
92.71 |
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TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the activity of Development and Sale of Land,
Construction of Residential complex and other projects. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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Bankers : |
·
Oriental Bank of Commerce, 917/918, Synagogue
Street, Dinshaw House, Camp, Pune-411001, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S M Suratwala and Company Chartered Accountant |
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Address : |
1082, Shukrawar Peth, Sathe Colony, Pune-411002, Maharashtra, India |
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PAN No.: |
ADXPS4436N |
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Subsidiaries : |
·
Eiffel India Infraprojects Private Limited
(Formally known as Eiffel Realty Private Limited) CIN NO: - U01403PN2006PTC129001 ·
Eiffel Hills and Dales Private Limited CIN NO: - U70102PN2006PTC128989 ·
Eiffel Properties Private Limited CIN NO: - U45200PN2009PTC133439 ·
Eiffel Promoters Private Limited CIN NO: - U45200PN2009PTC133876 ·
Eiffel Exim Private Limited CIN NO: - U01122PN2006PTC128987 ·
Jerbera Floriculture Private Limited CIN NO: - U01122PN2006PTC128985 ·
Olympia Habitats Private Limited CIN NO: - U45200DL2010PTC204014 ·
Hinjewadi Realty Private Limited CIN NO: - U45200DL2010PTC204015 ·
Eden Landmarks Private Limited (Formally known as
Christmasrose Floriculture Private Limited) CIN NO: - U45200PN2006PTC128982 ·
Nahar Brothers Realtors Private limited CIN NO: - U45209PN2011PTC138766 ·
Goodland Realty Private Limited CIN NO: - U45209PN2011PTC138257 |
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Associates : |
·
Eiffel Capital (Square) ·
Nahar Riddhi Siddhi Developers ·
Riddhi Siddhi Valley View ·
Sangam Riddhi Siddhi Developers ·
Pearl Eiffel Developers ·
Sangam Realty |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21000000 |
Equity Shares |
Rs.10/- each |
Rs. 210.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19746825 |
Equity Shares |
Rs.10/- each |
Rs. 197.468
Millions |
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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 |
197.468 |
194.550 |
194.550 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
980.859 |
950.082 |
923.799 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1178.327 |
1144.632 |
1118.349 |
|
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LOAN FUNDS |
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|
|
|
1] Secured Loans |
0.000 |
145.340 |
162.922 |
|
|
2] Unsecured Loans |
448.065 |
427.465 |
136.255 |
|
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TOTAL BORROWING |
448.065 |
572.805 |
299.177 |
|
|
DEFERRED TAX LIABILITIES |
5.925 |
5.779 |
3.005 |
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|
|
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TOTAL |
1632.317 |
1723.216 |
1420.531 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1099.910 |
1086.287 |
1078.713 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
115.331 |
140.873 |
70.617 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1057.492
|
805.903 |
356.723 |
|
|
Sundry Debtors |
0.001
|
36.563 |
0.265 |
|
|
Cash & Bank Balances |
246.816
|
164.017 |
260.462 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
500.675
|
503.890
|
110.473 |
|
Total
Current Assets |
1804.984
|
1510.373 |
727.923 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
541.633
|
232.306
|
55.355 |
|
|
Other Current Liabilities |
825.666
|
770.027
|
374.938 |
|
|
Provisions |
20.609
|
19.833
|
27.123 |
|
Total
Current Liabilities |
1387.908
|
1022.166 |
457.416 |
|
|
Net Current Assets |
417.076
|
488.207
|
270.506 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
7.849 |
0.695 |
|
|
|
|
|
|
|
|
TOTAL |
1632.317 |
1723.216 |
1420.531 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
386.834 |
322.045 |
317.907 |
|
|
|
Other Income |
11.717 |
15.026 |
16.621 |
|
|
|
TOTAL (A) |
398.551 |
337.071 |
334.528 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing service costs |
197.157 |
588.839 |
|
|
|
|
Employee related expenses |
37.628 |
22.574 |
|
|
|
|
Administrative selling other expenses |
76.131 |
106.685 |
|
|
|
|
Consumption materials changes inventories |
15.025 |
(449.179) |
|
|
|
|
TOTAL (B) |
325.941 |
268.919 |
242.618 |
|
|
|
|
|
|
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|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
72.610 |
68.152 |
91.910 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.065 |
9.429 |
15.521 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
60.545 |
58.723 |
76.389 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.986 |
7.685 |
4.331 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
53.559 |
51.038 |
72.058 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
20.046 |
21.875 |
26.979 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
33.513 |
29.163 |
45.079 |
|
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|
|
|
|
|
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|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.345 |
3.219 |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.72 |
1.50 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.41
|
8.65 |
13.48 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.85
|
15.85 |
22.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.84
|
1.97 |
3.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.04 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.38
|
0.50 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30
|
1.48 |
1.59 |
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 |
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 |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 Loan |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Deposits related parties unsecured |
2.138 |
6.338 |
|
Other debt unsecured |
445.927 |
421.127 |
|
|
|
|
|
TOTAL |
448.065 |
427.465 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
541.633 |
232.306 |
55.355 |
|
|
|
|
|
|
TOTAL |
541.633 |
232.306 |
55.355 |
OPERATIONS AND FUTURE PROSPECTS
The company has achieved
a turnover of Rs. 398.550 Millions as against Rs. 337.028 Millions in the
previous year. Also the net profit tax reported by the company for the current
year is Rs. 33.513 Millions as compared to previous year that was Rs. 29.163
Millions. The previous year the company was shown a satisfactory growth in its
profitability as well as its turnover in the current year.
Considering the
positive signs of recovery in the current year in the overall economy and in the
real estate market, it is expected that the company would be able to achieve
higher turnover and profitability in the years to come. The company is also
planning to adopt various strategies and plans which would be advantageous and
in the best interest of the company.
The Management is
also hopeful to yield maximum profitability in the coming financial years as
the company is in the process of undertaking various measures to cut the cost
and increase the efficiency so as to achieve economies of scale and thereby
achieving more revenues in the coming years.
The company and
the directors are continuously looking for avenues for future growth of the
Company and are evaluating various areas where the investment in properties can
fetch good returns for the company.
FORM 8
|
Corporate
identity number of the company |
U45209PN2004PLC019772 |
|
Name of the
company |
XRBIA DEVELOPERS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Office No.125/126, Patil Plaza, Mitramandal Chowk, Parvati, Pune-411009, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10188583 |
|
Type of charge |
·
Immovable
property ·
Others |
|
Particular of
charge holder |
Oriental Bank of Commerce, 917/918, Synagogue Street, Dinshaw House,
Camp, Pune-411001, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental
Agreement To Secure Credit Facility And
Counter Guarantee Agreement Of Rupees 150.000 Millions (both documents
modify a single charge ) |
|
Date of
instrument Creating the charge |
14.12.2012 |
|
Amount secured by
the charge |
Rs. 150.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Not Applicable Terms of repayment One Year Margin 25 % On Entire
Bank Guarantee Facility Of Rs. 150.000 Millions Extent and operation of the charge As Per The
Agreement |
|
Short particulars
of the property charged (Including location of the property) |
Primary Security:
Counter Guarantee Of The Borrower Company Collateral
Security: Equitable charge on the Non-Agricultural land admeasuring 7.875
acres and situated at Survey No 57 Village Kasarsai Taluka Mulshi District
Pune. The land is owned
by Sh Rahul Nahar and has the present MV/RV of Rs. 157.500 Millions
/Rs.126.000 Millions. respectively as per valuer report dated 20.08.2010. |
|
Date of
instrument modifying the charge |
01.12.2010 |
|
Particulars of
the present modification |
Enhancement In
The Bank Guarantee Up to An Aggregate Amount of Rs.150.000 Millions by
creation of equitable charge on land admeasuring 7.875 acres and situated at
S No 57 Village Kasarsai Taluka Mulshi
District Pune having MV/RV of Rs.157.500 Millions /Rs.126.000 Millions
Respectively which is owned by to Mr. Rahul Nahar |
FIXED ASSETS
·
Air Conditioner
·
Office Equipments
·
Mobile Phone
·
Tea Machine
·
Printer
·
Furniture and Fixtures
·
Motor Vehicles
·
Computer Systems
·
Software
·
Plant and Machinery
·
Site Office
·
Land and Building
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. 54.05 |
|
|
1 |
Rs. 83.44 |
|
Euro |
1 |
Rs. 72.53 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.