MIRA INFORM REPORT
|
Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
DLF HOME DEVELOPERS LIMITED |
|
|
|
|
Registered
Office : |
DLF Centre, Sansad Marg, New Delhi-110001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 (Profit and Loss) |
|
|
|
|
Date of
Incorporation : |
29.12.1995 |
|
|
|
|
Com. Reg. No.: |
55-075028 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9266.704 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC075028 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD0037H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of construction, development of real estate and power generation. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 130000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Balance Sheet statement for the year 2012 is not available. As per Profit and
Loss Account, we found that the company has incurred a loss during current
year. However, from the previous year that the company is performing well.
General financial position of the company is good. Trade relations are
reported as fair. Business is active. Payments are reported to 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.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits: A |
|
Rating Explanation |
Adequate degree of safety it carry low credit risk. |
|
Date |
March, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
DLF Centre, Sansad Marg, New Delhi-110001, India |
|
Tel. No.: |
91-11-42102030 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office: |
Shopping Mall Complex, Arjun Marg Gurgaon, Haryana, India |
DIRECTORS
As on 05.09.2012
|
Name : |
Mr. Rajiv Singh |
|
Designation : |
Director |
|
Address : |
16A, Aurangzeb Road, New Delhi-110011, India |
|
Date of Birth/Age : |
08.05.1959 |
|
Qualification : |
Degree in Mechanical Engineering and Graduate from Massachusetts Institute of Technology, U.S.A |
|
Date of Appointment : |
28.02.2011 |
|
DIN No.: |
00003214 |
|
|
|
|
Name : |
Mr. Narendra Pal Singh |
|
Designation : |
Director |
|
Address : |
Kanwal Kunj, A-215, Sanket, Meerut-250006, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.07.1937 |
|
Qualification : |
Graduate from Army Staff College of Camberley (U.K.) and National Defence College of India and having a Master degree in Arts & Science, Associate Member of British Institute of Management |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
00003220 |
|
|
|
|
Name : |
Mr. Trilok Chand Goyal |
|
Designation : |
Director |
|
Address : |
S-33, Panchsheel Park, New Delhi-110017, India |
|
Date of Birth/Age : |
22.07.1944 |
|
Qualification : |
Degree of Commerce from Delhi University, Fellow Member of Institute of Chartered Accountants of India |
|
Date of Appointment : |
03.09.2004 |
|
DIN No.: |
00003231 |
|
|
|
|
Name : |
Mr. Vipen Jindal |
|
Designation : |
Whole-time director |
|
Address : |
7157, D-7, Vasant Kunj, New Delhi-110070, India |
|
Date of Birth/Age : |
04.09.1956 |
|
Qualification : |
Fellow Member of Institute of Chartered Accountants of India |
|
Date of Appointment : |
28.02.2011 |
|
DIN No.: |
00003674 |
|
|
|
|
Name : |
Mr. Sriram Khattar |
|
Designation : |
Director |
|
Address : |
D-899, New Friends Colony, New Delhi-110065, India |
|
Date of Birth/Age : |
26.12.1957 |
|
Qualification : |
Fellow Member of Institute of Chartered Accountants of India |
|
Date of Appointment : |
28.02.2011 |
|
DIN No.: |
00066540 |
|
|
|
|
Name : |
Valsala Kumari |
|
Designation : |
Whole-time director |
|
Address : |
70.7, B-10, Vasant Kunj, New Delhi-110070, India |
|
Date of Birth/Age : |
10.05.1961 |
|
Qualification : |
Master Degree in Arts from Delhi University, Diploma in Business Management from Indira Gandhi Open University. |
|
Date of Appointment : |
28.02.2011 |
|
DIN No.: |
02252095 |
|
|
|
|
Name : |
Mr. Devinder Singh |
|
Designation : |
Whole-time director |
|
Address : |
L-19/11, DLF City, Phase-II, Gurgaon-122002, Haryana, India |
|
Date of Birth/Age : |
13.11.1963 |
|
Qualification : |
Bachelor Degree in Civil Engineering, Masters Degree in Business Administration from Management Development Institute, Gurgaon |
|
Date of Appointment : |
28.02.2011 |
|
DIN No.: |
02569464 |
KEY EXECUTIVES
|
Name : |
Mr. Rajib Kumar Routray |
|
Designation : |
Secretary |
|
Address : |
B-904, Exotica Elegance, Indirapuram, Ghziabad-201010, Uttar Pradesh,
India |
|
Date of Birth/Age : |
31.01.1968 |
|
Date of Appointment : |
23.03.2006 |
|
PAN No.: |
ADPPR0495J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 05.09.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
DLF Limited, India |
|
41206403 |
|
DLF Universal Limited, India |
|
1250 |
|
Adesh Gupta Jointly with DLF Limited, India |
|
1 |
|
Gopal Ramdev Jointly with DLF Limited, India |
|
1 |
|
Sanjay Goenka Jointly with DLF Limited, India |
|
1 |
|
Yogendra Nath Sharma Jointly with DLF Limited, India |
|
1 |
|
Manik Khanna Nominee of DLF Limited, India |
|
1 |
|
A.P.Garg Jointly with DLF Limited, India |
|
1 |
|
Total |
|
41207659 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
DLF Cyber City Developers Limited, India |
|
88544000 |
|
DLF Limited, India |
|
2265 |
|
Total |
|
88546265 |
Equity Share Break up (Percentage of Total Equity)
As on 05.09.2012
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of construction,
development of real estate and power generation. |
||||
|
|
|
||||
|
Products / Service: |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Walker, Chandiok and Company Chartered Accountants |
|
Address : |
L-14, Connaught Circus, New Delhi – 110001, India |
|
PAN No.: |
AAAFW4298E |
|
|
|
|
Holding Company: (As on 31.03.2011) |
DLF Limited, India CIN No: L70101HR1963PLC002484 |
|
|
|
|
Joint ventures: (As on 31.03.2011) |
CIN No: U45201DL2006PTC147560
CIN No: U45201DL2005PTC135478
CIN No: U74210DL2008PTC17433
CIN No: U70200DL2007PTC161665
U45200DL2007PTC170946 |
|
|
|
|
Associates: (As on 31.03.2011) |
CIN No: U45201DL2006PLC147370
CIN No: U45201DL2006PTC147385
CIN No: U51909DL2003PTC118917 |
|
|
|
|
Subsidiaries: (As on 31.03.2011) |
CIN No: U45400HR2007PTC036799
CIN No: U70101DL2006PTC147914
CIN No: U70101DL2005PTC143585
CIN No: U45201DL2006PTC147571
CIN No: U45400HR2007PTC038443
CIN No: U45201DL2006PTC147553
CIN No: U72200HR2005PLC035665
CIN No: U45200TN2008PLC067001
CIN No: U45400HR2007PLC037339
** Companies get merged into DLF Home Developers Limited during the year |
|
|
|
|
Fellow
subsidiaries: (As on 31.03.2011) |
CIN No: U45201DL2006PTC148138
CIN No: U45201DL2006PTC147392
CIN No: U45400DL2007PLC168120
CIN No: U45201DL2006PLC147484
CIN No: U45201HR2006PLC036074
CIN No: U00000CH2003PLC026562
CIN No: U65993HR1980PLC034800
CIN No: U01300HR1989PLC030646
CIN No: U55101HR2007PTC037154 |
|
|
|
|
Partnership firms: (As on 31.03.2011) |
|
CAPITAL STRUCTURE
As on 05.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2524095000 |
Equity Shares |
Rs.10/- each |
Rs. 25240.950 Millions |
|
100095000 |
Preference Shares |
Rs.100/- each |
Rs. 10009.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 35250.450
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41207659 |
Equity Shares |
Rs.10/- each |
Rs. 412.077 Millions |
|
88546265 |
Preference Shares |
Rs.100/- each |
Rs. 8854.627 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 9266.704
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
9266.704 |
9029.292 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
23332.115 |
15704.446 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
32598.819 |
24733.738 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
19424.584 |
5473.497 |
|
|
2] Unsecured Loans |
|
35331.741 |
19315.144 |
|
|
TOTAL BORROWING |
|
54756.325 |
24788.641 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
87355.144 |
49522.379 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4291.677 |
3530.160 |
|
|
Capital work-in-progress |
|
1169.266 |
208.674 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
54499.664 |
10984.156 |
|
|
DEFERRED TAX ASSETS |
|
26.926 |
137.513 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
13172.030 |
10974.227 |
|
|
Sundry Debtors |
|
10983.928 |
10584.194 |
|
|
Cash & Bank Balances |
|
604.623 |
510.208 |
|
|
Other Current Assets |
|
14542.766 |
12481.867 |
|
|
Loans & Advances |
|
33297.771 |
32261.632 |
|
Total
Current Assets |
|
72601.118 |
66812.128 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
17439.495 |
4558.069 |
|
|
Other Current Liabilities |
|
10409.523 |
12660.550 |
|
|
Provisions |
|
17384.489 |
14931.633 |
|
Total
Current Liabilities |
|
45233.507 |
32150.252 |
|
|
Net Current Assets |
|
27367.611 |
34661.876 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
87355.144 |
49522.379 |
|
NOTE: Balance Sheet for the year 2012 is not available only profit and
Loss is available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5358.037 |
20308.867 |
22219.551 |
|
|
|
Other Income |
1779.115 |
2506.672 |
2478.259 |
|
|
|
TOTAL (A) |
7137.152 |
22815.539 |
24697.810 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
3177.598 |
|
9574.681 |
|
|
|
Employee benefit expense |
547.122 |
527.768 |
|
|
|
|
Other expenses |
816.337 |
1938.691 |
|
|
|
|
Prior Period Items |
(0.666) |
0.619 |
|
|
|
|
TOTAL (B) |
4540.391 |
11167.338 |
9574.681 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
2596.761 |
11648.201 |
15123.129 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6697.657 |
3655.441 |
2554.927 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(4100.896) |
7992.760 |
12568.202 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
510.447 |
490.071 |
434.911 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
(4611.343) |
7500.689 |
12133.291 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(1437.676) |
1426.275 |
4125.177 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(3173.667) |
6076.414 |
8008.114 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
NA |
3732.037 |
3727.067 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
2344.377 |
4281.047 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Collections from customers (including interest) |
1141.881 |
1594.327 |
1665.702 |
|
|
|
Golf Course Operations Membership fee (non -refundable) |
|
34.514 |
0.000 |
|
|
|
Subscription |
|
0.488 |
0.000 |
|
|
|
Others |
|
1.009 |
0.000 |
|
|
TOTAL EARNINGS |
1141.881 |
1630.338 |
1665.702 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(77.00) |
311.000 |
458.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(44.47)
|
26.63 |
32.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
86.06
|
36.93 |
54.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
9.75 |
17.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.23 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
NA
|
1.68 |
1.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
1.61 |
2.08 |
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 |
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
In Millions) |
|
Working capital loans banks unsecured |
79.421 |
0.000 |
|
Loans subsidiaries unsecured |
14872.826 |
15171.079 |
|
Other debt unsecured |
20379.494 |
4144.065 |
|
Total |
35331.741 |
19315.144 |
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2011 |
|
i Demands raised by the income tax authorities against which appeals have been filed before CIT(A) |
224.688 |
|
ii Demands raised by the income tax authorities against which appeals have been filed before Income Tax Appellate Tribunal |
1.384 |
|
iii Demand raised by Kerala sales tax department under Kerala VAT Act |
20.945 |
|
iv Corporste guarantee issued by the Company on behalf of loan taken by Y G Realty Private Limited |
288.750 |
|
V Guarantee in respect of loans taken by DLF Limited, the holding company on certain lands of the Company mortgage in favour of Banks/ Financial Institutions (with an overall limit) |
16000.000 |
vi. Liabilities to the Haryana State Government under the agreement executed with them for carrying out the development of land in accordance with the provisions of Haryana Development and Regulations of the Urban Areas Act, 1975 and the rules framed thereunder and the conditions of the licenses granted in this behalf besides the demand raised for external development charges.
vii. In respect of counter guarantees given by the Company to bank jointly along with the coordinating companies to cover the guarantees given by the bank to the Haryana State Government for the due completion of the layout and development works of the colony sanctioned.
FIXED ASSETS
- Land
- Building
- Plant machinery
- Office equipments
- Computer equipments
- Furniture fixtures
- Motor vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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.54.38 |
|
|
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.