MIRA
INFORM REPORT
|
Report Date : |
22.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MARVEL LANDMARKS PRIVATE LIMITED |
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Registered
Office : |
A 10/1, Meera Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
13.08.2007 |
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Com. Reg. No.: |
11-130565 |
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Capital Investment
/ Paid-up Capital : |
Rs. 9.000 millions |
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|
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CIN No.: [Company Identification
No.] |
U45200PN2007PTC130565 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM12266C |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Company is engaged in the development of property. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2230000 |
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|
|
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. Latest
financials i.e. 2011-12 are not
available. From the previous year’s financials it seems that the company has recorded
some accumulated losses. However, trade relations are reported as fair.
Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
B (Rupee Term Loan - Suspension) |
|
Rating Explanation |
High Risk of Default |
|
Date |
1st March 2012 |
Note: Reason for suspension is not available
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 : |
Ms. Urvashi Vanzara |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-66878800 |
|
Date : |
21.06.2013 |
LOCATIONS
|
Registered Office : |
A 10/1, Meera Nagar, Koregaon Park, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-66878700 / 66878800 / 32900573 |
|
Fax No.: |
91-20-66201389 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
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|
Head / Corporate Office : |
301 – 302, Jewel Tower, Lane No. 5, Koregaon Park, Pune – 411001,
Maharashtra, India |
|
Tel. No.: |
91-20-26052920 / 26052921 / 32900573 |
|
Fax No.: |
91-20-66201389 |
|
Location : |
Owned |
DIRECTORS
As on 23.09.2011
|
Name : |
Mr. Vinay Mahavirprasad Chudiwal |
|
Designation : |
Director |
|
Address : |
Flat No A-204, Sujay Garden, Mukund Nagar, Pune – 411037, Maharashtra,
India |
|
Date of Birth/Age : |
03.03.1971 |
|
Date of Appointment : |
31.10.2007 |
|
DIN No.: |
00158193 |
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|
|
|
Name : |
Mr. Vishwajeet Subhash Jhavar |
|
Designation : |
Director |
|
Address : |
A-10, Flat No. 1, Meera Nagar, Koregaon Park, Pune – 411001,
Maharashtra, India |
|
Date of Birth/Age : |
03.05.1969 |
|
Date of Appointment : |
13.08.2007 |
|
DIN No.: |
00158203 |
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|
|
|
Name : |
Mr. Mahesh Bansilal Laddha |
|
Designation : |
Director |
|
Address : |
Flat No. 1, Novelty Co-operative Housing Society, Behind Maruti Care Point,
Near Chatursinghi Temple, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
10.08.1965 |
|
Date of Appointment : |
13.08.2007 |
|
DIN No.: |
00158212 |
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|
|
|
Name : |
Mr. Anil Pathak |
|
Designation : |
Director |
|
Address : |
Flat No. 5, 2nd Floor, Cyrus House, Junction of 24th
and 30th Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
09.08.1962 |
|
Date of Appointment : |
28.07.2011 |
|
DIN No.: |
00758349 |
|
|
|
|
Name : |
Mr. Ming Kwan Gabriel Fong |
|
Designation : |
Nominee Director |
|
Address : |
34 – B, Tregunter Tower 3, 14 Tregunter Path Mid Levels, Hongkong,
China |
|
Date of Birth/Age : |
12.06.1968 |
|
Date of Appointment : |
21.10.2009 |
|
DIN No.: |
01251088 |
|
|
|
|
Name : |
Mr. Zoltan Varga |
|
Designation : |
Nominee Director |
|
Address : |
Chateau De Peak, 8 MT, Kellet Road the Peak, Honkong, China |
|
Date of Birth/Age : |
25.02.1974 |
|
Date of Appointment : |
20.10.2009 |
|
DIN No.: |
01336565 |
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|
|
|
Name : |
Mr. Prithviraj Prakash Solanke |
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Designation : |
Director |
|
Address : |
C / 3, Clover Garden, 4 Naylor Road, Pune – 411001, Maharashtra, India |
|
Date of Birth/Age : |
13.04.1979 |
|
Date of Appointment : |
29.12.2008 |
|
DIN No.: |
01880078 |
|
|
|
|
Name : |
Mr. Sundareswaran Sri Shankar |
|
Designation : |
Alternate Director |
|
Address : |
A 001/101, Iris Block 1, Spring Fields Apartments, Sarjapur Road,
Bangalore – 560034, Karnataka, India |
|
Date of Birth/Age : |
30.09.1970 |
|
Date of Appointment : |
23.09.2011 |
|
DIN No.: |
03011927 |
KEY EXECUTIVES
|
Name : |
Ms. Urvashi Vanzara |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Vishwajeet Subhash Jhavar |
|
477900 |
|
Mahesh Bansilal Laddha |
|
67500 |
|
Oz Sculptor (Cyprus) II Limited, Cyprus |
|
264600 |
|
Mahavirprasad Chudiwal |
|
67500 |
|
Prithviraj Prakash Solanke |
|
22500 |
|
Madison India Real Estate Fund Limited, Republic of Mauritius |
|
80357 |
|
TOTAL |
|
980357 |
As on 23.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
35.19 |
|
Directors or relatives of Directors |
64.81 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Company is engaged in the development of property. |
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Products/ Services : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash, Credit and Cheque |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
Information declined by the management |
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Bankers : |
ICICI Bank Limited, laxmi Road Branch, Pune, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institutions : |
Money Matters Financial Services Limited, 1-B, Court Chambers, 35 Sir
Vithaldas Thackersey M, New Marine Lines, Mumbai - 400020, Maharashtra, India |
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Auditors : |
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Name : |
BSR and Company Chartered Accountants |
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Address : |
703, 7th Floor, Godrej Castlemaine, Next to Ruby Hall
Clinic, Bund Garden Road, Pune – 411001, Maharashtra, India |
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Tel. No.: |
91-20-30585764/30585765 |
|
Fax No.: |
91-20-30585775 |
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PAN No.: |
AAIFB0630K |
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Joint Ventures : |
Oz Sculptor (Cyprus ) II Limited, |
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Enterprises over which principal shareholders /
directors exercise significant influence : |
· Marveledge Realtors Private Limited · Marvel Realtors and Developers Limited · Marvel Promoters and Developers (Pune) Private Limited · Marvel Sigma Homes Private Limited · Marvel Realtors · Epsillon Real Estate Private Limited · Hallmark Marvel Realtors · Mapcoe |
CAPITAL STRUCTURE
As on 23.09.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
980357 |
Equity Shares |
Rs. 10/- each |
Rs. 9.803
millions |
|
|
|
|
|
As on 31.03.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
Rs. 10/- each |
Rs. 9.000
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 |
9.000 |
9.000 |
9.000 |
|
|
2] Share Application Money |
300.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
652.990 |
652.990 |
652.990 |
|
|
4] (Accumulated Losses) |
(402.870) |
(246.438) |
(91.334) |
|
|
NETWORTH |
559.120 |
415.552 |
570.656 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
125.000 |
275.000 |
0.000 |
|
|
2] Unsecured Loans |
0.478 |
0.847 |
63.272 |
|
|
TOTAL BORROWING |
125.478 |
275.847 |
63.272 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
684.598 |
691.399 |
633.928 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
74.687 |
79.056 |
55.902 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
1.715 |
|
|
|
|
|
|
|
|
INVESTMENT |
156.398 |
156.397 |
124.397 |
|
|
DEFERRED TAX ASSETS |
0.360 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
990.259
|
633.942 |
198.898 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
326.847
|
105.234 |
9.021 |
|
|
Other Current Assets |
121.600
|
0.000 |
0.000 |
|
|
Loans & Advances |
776.805
|
688.424 |
536.270 |
|
Total
Current Assets |
2215.511
|
1427.600 |
744.189 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
269.735
|
80.574 |
35.152 |
|
|
Other Current Liabilities |
1487.423
|
886.910 |
254.140 |
|
|
Provisions |
5.200
|
4.170 |
2.983 |
|
Total
Current Liabilities |
1762.358
|
971.654 |
292.275 |
|
|
Net Current Assets |
453.153
|
455.946 |
451.914 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
684.598 |
691.399 |
633.928 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
856.867 |
1.880 |
0.684 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
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|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
983.305 |
114.699 |
78.921 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(126.438) |
(112.819) |
(78.237) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.293 |
18.655 |
7.976 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
(127.731) |
(131.474) |
(86.213) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
29.060 |
23.630 |
8.694 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX (E-F) (G) |
(156.791) |
(155.104) |
(94.907) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.359) |
0.000 |
0.332 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-H) (I) |
(156.432) |
(155.104) |
(95.239) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(246.438) |
(91.334) |
3.905 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(402.870) |
(246.438) |
(91.334) |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss) Per Share (Rs.) |
(173.81) |
(172.34) |
(105.82) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(18.26)
|
(8250.21) |
(13923.83) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.85)
|
(10.29) |
(11.86) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.28)
|
(0.37) |
(0.17) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.22
|
0.66 |
0.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.47 |
2.55 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
|
|
|
|
-
Due to Micro and small Enterprises |
0.000 |
0.000 |
0.000 |
|
-
Others |
269.735 |
80.574 |
35.152 |
|
TOTAL |
269.735 |
80.574 |
35.152 |
|
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 |
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 |
BACKGROUND
Subject is a 51:49 Joint Venture between the Jhavar group and OZ
Sculptor (Cyprus) LLC, Mauritius (a SPV formed by Och-Ziff Capital). The
company is current developing 3 residential projects in Kharadi and
Mohammedwadi, Pune.
OPERATIONS AND FUTURE
PROSPECTS:
The company is in the process of completing various projects
and has reported tremendous growth in all its endeavors during the financial
year; As per the accounting policy adopted by the company, the revenue is
recognized as per the Percentage of Project completion Method and will be
recognizing the revenue in the coming years, upon the significant completion of
the projects. The company has reported loss for the financial year. However,
the Board of Directors of the company is confident that it would be compensated
in the forth coming years.
UNSECURED LOAN:
|
Particulars |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
Loan from Directors |
0.000 |
0.847 |
|
Interest accrued and due |
0.478 |
0.000 |
|
Total |
0.478 |
0.847 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U45200PN2007PTC130565 |
|
Name of the
company |
MARVEL LANDMARKS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A 10/1 Meera
Nagar, Koregaon Park, Pune – 411001, Maharashtra, India E-mail: office@chandakcs.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10325810 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Money Matters Financial Services Limited, 1-B, Court Chambers, 35 Sir
Vithaldas Thackersey M, New Marine Lines, Mumbai - 400 020, Maharashtra,
India E-mail: group.cos@money-matters.in
|
|
Nature of description
of the instrument creating or modifying the charge |
Supplemental Deed
Of Mortgage Dated 25th July 2012 |
|
Date of
instrument Creating the charge |
25.07.2012 |
|
Amount secured by
the charge |
Rs. 310.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 18 % p.a. to be
charged and serviced on monthly basis without any moratarium period Margin Minimum cover of
1.3 times of the loans outstanding amount shall be maintained at all times
based on current market value of the unsold area in project " Marvel
Zephyr" Security cover
equivalent to minimum 2.5 times of Loan Outstanding amount shall be
maintained at all times in the form of hypothecation of developers share of
present or future receivables from the project. Extent and Operation of the charge First and
Exclusive Charge by way of registered mortgage on the Project Land as
described in Point 15 below First and
Exclusive Charge on receivables - both present and future Assignment of
insurance policies for all fixed and current project assets of the adequate
value in favour of MMFSL. All the charges
constitute a single charge. Others Processing Fees: 3
% of the Facility Amount to be paid before disbursement and as per
supplemental deed of mortgage dated 25th July 2012 read with Sanction letter
dated 17.07.2012 |
|
Short particulars
of the property charged |
First and
exclusive charge by way of registered mortgage on the Project land,
admeasuring 64314 sq. mtrs., bearing survey no. 66, hissa mo.1, located at
village, Kharadi, Tal. Haveli, Pune First and
exclusive charge by way of hypothecation of entire present and future current
assets of the Project, including stock, WIP and receivables pertaining to the
Developer's share. Assignment of
insurance policies for all fixed and current project assets of the adequate
value in favour of MMFSL. |
|
Particulars of
the present modification |
By this 1st
modification - the original facility of Rs. 200.000 millions is enhanced by
additional facility of Rs. 110.000 millions, aggregating to total amount of
facility as Rs. 310.000 millions only. |
FIXED ASSETS:
ô
Tangible
Assets
Sample
Flat and Building
Plant
and Machinery
Office
Equipment
Leasehold
Improvements
Furniture
and Fixtures
ô
Intangible Assets
Computer
Software
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 proeeding 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.59.35 |
|
|
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
9TOTAL |
|
27 |
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.