MIRA INFORM REPORT

 

 

Report Date :

04.03.2013

 

IDENTIFICATION DETAILS

 

Name :

SHALIMAR CORP LIMITED (w.e.f.19.11.2012)

 

 

Formerly Known As :

SHALIMAR CORP PRIVATE LIMITED (w.e.f.22.10.2012)

 

S.A.S HOTELS AND PROPERTIES PRIVATE LIMITED

 

 

Registered Office :

308, 3rd Floor Tulsiani Chambers, Nariman Point, Mumbai - 400021, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

11.08.1988

 

 

Com. Reg. No.:

11-195637

 

 

Capital Investment / Paid-up Capital :

Rs. 42.716 Millions

 

 

CIN No.:

[Company Identification No.]

U05001MH1988PLC195637

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Builders and Contractors

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (53)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 6510000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having fine track record. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments.

 

The company can be considered normal for business dealings at usual trade terms and condition.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – June 30, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INDIAN ECONOMIC OVERVIEW

 

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

 

 

LOCATIONS

 

Registered Office :

308, 3rd Floor Tulsiani Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India

Tel. No.:

91-522-4030444

Fax No.:

91-522-4030444/ 3919554

E-Mail :

sas@sagroup.co.in

sashotels@yahoo.co.in

Website :

www.sagroup.co.in

 

 

DIRECTORS

 

AS ON 29.09.2012

 

Name :

Mr. Sanjay Seth

Designation :

Director

Address :

701, Shalimar Apartments, Prag Narain Road, Lucknow – 226001, Uttar Pradesh, India

Date of Birth/Age :

10.02.1961

Date of Appointment :

11.08.1988

DIN No.:

00049289

 

 

Name :

Mr. Masood Ahmad

Designation :

Director

Address :

196/4, Dr. Ram Lal Chakravarthy Road, Gola Ganj, Lucknow – 226018, Uttar Pradesh, India

Date of Birth/Age :

20.08.1945

Date of Appointment :

03.04.1998

DIN No.:

00049938

 

 

Name :

Mr. Khalid Masood

Designation :

Director

Address :

196/4 RLC Road, Gola Ganj, Lucknow- 226001, Uttar Pradesh, India

Date of Birth/Age :

25.09.1974

Date of Appointment :

03.10.2005

PAN No.:

AGCPM0491P

DIN No.:

00050010

 

 

Name :

Mr. Kunal Seth

Designation :

Director

Address :

701 Shalimar Appartment, Prag, Narain Road, Lucknow - 226001, Uttar Pradesh, India

Date of Birth/Age :

29.01.1993

Date of Appointment :

12.08.2012

DIN No.:

06360228

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 29.09.2012

 

Names of Shareholders

 

No. of Shares

 

Sanjay Seth 

 

14015

Masood Ahmad

 

7170

Khalid Masood

 

23520

Abdulla Masood

 

16020

Lavkush Narain Seth

 

22355

Leena Seth

 

750

L N Seth-HUF

 

10000

Shalimar Buildwell Private Limited, India

 

68490

Bakliwal Holdings Private Limited, India

 

46690

Bilal K Masood

 

400

Maina Dealers Private Limited, India

 

36825

Prestige Urban Infratech Private Limited, India

 

57230

Sadabahar Constructions Private Limited, India

 

12150

Sas Colonisers (Private) Limited, India

 

46515

Shalimar Maintenance Services Private Limited, India

 

64825

Shakeel Ahmad Khan

 

200

Khasia Maqbool

 

1000

Total

 

428155

 

 

AS ON 29.09.2012

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Bodies corporate

 

77.71

Directors or relatives of directors

 

22.29

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Builders and Contractors

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

Ø       Punjab National Bank, Hal Branch, Lucknow, Uttar Pradesh, Lucknow - 226016, Uttar Pradesh, India

Ø       HDFC Bank Limited

Ø       Karnataka Bank Limited

Ø       Axis Bank Limited

Ø       Punjab and Sind Bank

Ø       Oriental Bank of Commerce

 

 

Facilities :

 

Secured Loans

31.03.2012

31.03.2011

 

 

(Rs. In Millions)

Term loans from Banks

 

 

HDFC Bank-Toyota Fortuner

0.000

0.420

HDFC Bank-Jaguar 

1.164

0.000

HDFC Bank-JCB and Robot Loan

1.587

0.000

BMW Financial Services-Car Loan

2.935

0.000

HDFC Bank-Car Audi A6

1.368

0.000

HDFC Bank-Loan

0.289

0.000

Punjab and Sind Bank-Genset Loan

0.534

0.743

Construction Finance Loan

 

 

HDFC Bank-Grand

83.151

0.000

Karnataka Bank Limited

0.000

35.000

Axis Bank Limited

216.393

232.905

Punjab National Bank-OD

80.619

0.000

Axis Bank Limited-OD A/c 

17.639

0.000

Punjab and Sind Bank-3246

8.859

0.000

Oriental Bank of Commerce-OD A/c

69.838

73.143

Total

484.376

342.211

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Sanjeev Shriram Verma and Company

Chartered Accountants

Address :

204 Shalimar Square, 126/31, B.N Road, Lalbagh, Lucknow – 226001, Uttar Pradesh, India

Tel. No.:

91-522-2202497/ 2202498

Income-tax PAN of auditor or auditor's firm :

AAYFS2893M

 

 

Wholly owned Subsidiary Company :

Ø       Titanium Imports and Exports Private Limited [U51900DL2010PTC209750]

Ø       LS Dealcom Private Limited

Ø       Kausar Projects Private Limited

 

 

Subsidiaries :

Ø       Prestige Urban Infratech Private Limited [U45203MH2009PTC192679]

Ø       G B Lawns Private Limited [U55110UP2003PTC027466]

Ø       Hari Ganga Farms Private Limited [U01122DL2004PTC129070]

Ø       Jatadhari Properties Private Limited [U70101DL2005PTC137365]

Ø       Mehinder Properties Private Limited [U70101DL2004PTC127254]

Ø       ANS Developers Private Limited [U70109DL2006PTC152895]

Ø       Devrishi Developers Private Limited [U70109DL2006PTC154176]

Ø       Eleventh Floor Properties Private Limited [U70101DL2004PTC127513]

Ø       Imperial Buildwell  Private Limited [U45400DL2007PTC162399]

Ø       Legacy Buildwell Private Limited [U72900DL2007PTC164651]

Ø       Prestige Hi-tech City Private Limited [U70102DL2007PTC160406]

Ø       Prestige Hitech Developers Private Limited

Ø       Prestige Realestate Builders Private Limited

Ø       Prestige Sai Housing Private Limited

Ø       Titanium Buildwell Private Limited

Ø       Titanium Realty Projects Private Limited

Ø       Saraswati Infotech Private Limited

 

 

Related Parties :

Ø       Shalimar Buildwell Private Limited

Ø       Banaras Glasses Private Limited

Ø       Munchy Snacks Private Limited

Ø       SAS Colonisers Private Limited

Ø       Sadabahar Constructions Private Limited

Ø       Bakliwal Holdings Private Limited

 

 

CAPITAL STRUCTURE

 

AFTER 29.09.2012

 

Authorised Capital : Rs. 145.475 Millions

 

Issued, Subscribed & Paid-up Capital : Rs. 42.766 Millions

 

 

AS ON 31.03.2012

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,454,750

Equity Shares

Rs. 100/- each

Rs. 145.475 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

427,155

Equity Shares

Rs. 100/- each

Rs. 42.716 Millions

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2012

31.03.2011

31.03.2010

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

42.716

9.208

9.208

2] Share Application Money

2.000

2.000

5.914

3] Reserves & Surplus

1583.725

201.673

102.664

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

1628.441

212.881

117.786

LOAN FUNDS

 

 

 

1] Secured Loans

484.376

342.211

198.024

2] Unsecured Loans

167.268

380.400

297.620

TOTAL BORROWING

651.644

722.611

495.644

DEFERRED TAX LIABILITIES

0.000

1.068

0.406

 

 

 

 

TOTAL

2280.085

936.560

613.836

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

532.819

368.233

390.192

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

101.436

105.402

27.405

DEFERRED TAX ASSETS

8.168

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
1963.258

1137.191

979.155

 

Sundry Debtors
26.399

10.235

11.726

 

Cash & Bank Balances
117.209

95.913

39.679

 

Other Current Assets
18.505

12.138

14.027

 

Loans & Advances
815.508

370.038

206.643

Total Current Assets
2940.879

1625.515

1251.230

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditors
139.909

79.147

58.274

 

Other Current Liabilities
1075.393

1040.243

983.517

 

Provisions
87.915

43.200

13.200

Total Current Liabilities
1303.217

1162.590

1054.991

Net Current Assets
1637.662

462.925

196.239

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

2280.085

936.560

613.836

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2012

31.03.2011

31.03.2010

 

SALES

 

 

 

 

 

Revenue from operations

661.262

574.860

 

 

 

Other Income

56.703

58.259

 

 

 

TOTAL                                     (A)

717.965

633.119

312.623

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Site Expenses and Cost of land purchase

1226.932

671.379

 

 

 

Changes in inventories of work-in-progress and stock-in-trade

(815.082)

(158.036)

 

 

 

Employee Benefit Expenses

10.637

8.723

 

 

 

Other Expenses

58.200

39.768

 

 

 

Prior period expense

0.022

0.000

 

 

 

Exceptional items

(83.760)

(84.536)

 

 

 

TOTAL                                     (B)

396.949

477.298

277.256

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

321.016

155.821

35.367

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

71.617

10.958

9.366

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

249.399

144.863

26.001

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

23.472

15.190

14.146

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                               (G)

225.927

129.673

11.855

 

 

 

 

 

Less

TAX                                                                  (H)

40.207

30.664

3.205

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

185.720

99.009

8.650

 

 

 

 

 

 

Earnings Per Share (Rs.)

434.78

1075.25

93.94

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2012

31.03.2011

31.03.2010

PAT / Total Income

(%)
25.87

15.64

2.77

 

 
 

 

 

Net Profit Margin

(PBT/Sales)

(%)
34.17

22.56

N.A.

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
6.50

6.50

0.72

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
0.14

0.61

0.10

 

 
 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 
0.40

3.39

4.21

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
2.26

1.40

1.19

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last three years

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)

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

Yes

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

UNSECURED LOANS

 

Unsecured Loans

31.03.2012

31.03.2011

 

 

(Rs. In Millions)

Baklwal Holdings Private Limited

35.555

380.400

Aalekha Supply Private Limited

9.500

0.000

AAR Commercial Company Limited

80.000

0.000

AKJ Minerals

27.500

0.000

Rosy Dealcom Private Limited

8.500

0.000

Trimurti Buildtech Private Limited

2.000

0.000

Brijwasi Security Private Limited

0.437

0.000

Surabhi Investments and Trading Company Private Limited

0.524

0.000

Unity Infraprojects Limited

1.334

0.000

Vajradhar Leasing and Finvest Private Limited

0.218

0.000

Priyanka Vincom Private Limited

1.700

0.000

Total

167.268

380.400

 

 

Note: The registered address of the company has been shifted from Narang Building, Ashok Marg, Lucknow, Uttar Pradesh, India to the present w.e.f.11.08.2009

 

 

CORPORATE INFORMATION:

 

Company is carrying out business of builders, promoters, developers, contractors for last many years and its area of operation is northern India at present. Company is governed by the experienced Board of Directors and running business with the help of dedicated team of professionals and committed staff in multifaceted business operations successfully. It has been working as market leaders and has been rightly awarded for its excellence time to time presently by Zee News as business leaders.

 

 

ACCOUNTING OF AMALGAMATION:

 

Pursuant to scheme of amalgamation sanction by the order dated 20th July 2012 by the honourable High Court of Bomaby, between SAS Constructions Private Limited, SAS Properties Private Limited, Legacy Investment and Trading Company Private Limited, Consortium Motors Private Limited, Angaja Fashions Private Limited, Topgrain Distributors Private Limited and Sofed Dealcom Private Limited and the company the entire assets and liabilities, duties and obligations of the amalgamating companies were transferred to and vested in the company on 1st April 2011 though appointed date was 31st March 2011 but accounted of the company as well as accounts of the amalgamating companies has already been adopted in due course as of 31st March 2011. The scheme become effective on 25th August 2012 after approval by the Registrar of Companies, Mumbai.

 

The amalgamation has been accounted for under the “Pooling of Interests Method” as prescribed in the Accounting Standard 14- Accounting of Amalgamation (AS 14) issued by the Institute of Chartered Accountants of India as detailed in Table annexed. In view of the aforesaid amalgamation with effect from 1-4-2011 the figures for the current year are not comparable with those of the previous years.

 

 

BANKERS CHARGES REPORT AS PER REGISTRY

 

Corporate identity number of the company

U05001MH1988PLC195637

Name of the company

SHALIMAR CORP LIMITED

Address of the registered office or of the principal place of  business in India of the company

308, 3rd Floor Tulsiani Chambers, Nariman Point, Mumbai - 400021, Maharashtra, India

Email: sas@sagroup.co.in

This form is for

Modification of charge

Charge identification number of the modified 

10250630

Type of charge

Immovable property

Particular of charge holder

Punjab National Bank, Hal Branch, Lucknow, Uttar Pradesh, Lucknow - 226016, Uttar Pradesh, India

Email: bo2414@pnb.co.in

Nature of description of the instrument creating or modifying the charge

Original Registered Sale Deed dated 29.03.2004 in the Name of SAS Properties Private Limited vide Khand No. 4281 page No. 231 to 268 serial number 3181/04.

Date of instrument Creating the charge

14.12.2012

Amount secured by the charge

Rs. 350.000 Millions

Brief particulars of the principal terms an conditions and extent and operation of the charge

Rate of Interest

Cash Credit -@ Base Rate + spread 5.75%, at present 13.75% per annum with monthly rests.

BG - Commission and charges as per Bank's schedule of charges.

 

Terms of Repayment

Working Capital-Repayable on demand

 

Margin

25% on Stocks

30% on Book Debts

15% on BG (By way of FDR)

 

Extent and Operation of the charge

The Company's immovable properties mortgaged to secure following credit facilities aggregating Rs.350.000 Millions granted by the Bank to Prestige Urban Infratech Private Limited:-

1.CC(Stocks and Book Debts) Rs.250.000 Millions

2.BG                                     Rs.100.000 Millions

                                             ______________

                                TOTAL Rs. 350.000 Millions

                                             ______________

Short particulars of the property charged

Original Registered Sale Deed dated 29.03.2004 in the Name of SAS Properties Private Limited vide Khand No. 4281 page No. 231 to 268 serial number 3181/04.

Date of Modification

11.07.2011

Particulars of the present modification 

Modification in Collateral Security. Release of Residential Properties of Shalimar Corp Limited Sale Deed dt 5.3.2010 and 04.05.2011.Release of Property of Munchy Snacks (Private) Limited Sale Deed dt 18.11.09 and by entering into a new Sale Deed dt 29.03.2004 of Shalimar Corp Limited

 

 

FIXED ASSETS:

 

Ø       Land

Ø       Buildings

Ø       Plant and Machinery

Ø       Office Equipments

Ø       Furniture and Fixture

Ø       Vehicles

Ø       Computer

Ø       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, India Prisons Service, Interpol, etc.

 

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. 54.48

UK Pound

1

Rs. 82.72

Euro

1

Rs. 71.27

 

 

INFORMATION DETAILS

 

Report Prepared by :

BVA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILIRY

1~10

6

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

6

--RESERVES

1~10

7

--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

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

 

53

 

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

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.