MIRA
INFORM REPORT
|
Report Date : |
24.10.2013 |
IDENTIFICATION DETAILS
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Name : |
EKTA PARKSVILLE HOMES PRIVATE LIMITED (w.e.f.12.10.2010) |
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Formerly Known
As : |
WONDERLAND DEVELOPERS PRIVATE LIMITED |
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Registered
Office : |
401, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
15.12.1988 |
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Com. Reg. No.: |
11-050060 |
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Capital Investment
/ Paid-up Capital : |
Rs.2.500 Millions |
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CIN No.: [Company Identification
No.] |
U70102MH1988PTC050060 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMW00923G |
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PAN No.: [Permanent Account No.] |
AAACW4316N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is an engaged in the business of Construction and Development
of Property. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca (11) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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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. Company has incurred loss from its operation which has eroded networth of the company. External borrowing of the
company has increased in the year 2012. Business is active. Payment terms are reported to be slow. The company can be considered for business dealing on a safe and
secured 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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court has
barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $
24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali
expenditure by 40 % and on average spend nearly 25 % of their monthly salary on
Diwali, according to a survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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
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Registered Office : |
401, Hallmark Business Park, Off Western Express Highway, Bandra (East), Near BKC, Kalanagar,
Mumbai – 400 051, Maharashtra, India |
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Tel. No.: |
91-22-61152424 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 29.09.2012
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Name : |
Mr. Ashok Gobindram
Mahanani |
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Designation : |
Director |
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Address : |
B-601, The New Punamm Co-operative Hosing
Society Limited, Pali Hill Road, Union Park, Khar, Mumbai – 400 052, Maharashtra,
India |
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Date of Appointment : |
20.04.1994 |
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DIN No.: |
00411136 |
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Other Directorship:
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Name : |
Mrs. Madhavi Ashok
Mahanani |
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Designation : |
Director |
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Address : |
B-601, The New Punamm Co-operative Hosing
Society Limited, Pali Hill Road, Union Park, Khar, Mumbai – 400 052, Maharashtra,
India |
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Date of Appointment : |
20.04.1994 |
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DIN No.: |
00411184 |
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Other Directorship:
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Name : |
Mr. Vivek Ashok Mahanani |
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Designation : |
Director |
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Address : |
B-601, The New Punamm Co-operative Hosing
Society Limited, Pali Hill Road, Union Park, Khar, Mumbai – 400 052, Maharashtra,
India |
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Date of Birth/Age : |
24.08.1981 |
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Date of Appointment : |
01.07.2010 |
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DIN No.: |
00411203 |
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Other Directorship:
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MAJOR SHAREHOLDERS
AS ON 29.09.2012
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Names of Shareholders |
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No. of Shares |
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Ashok G. Mohanani |
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23560 |
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Madhavi A. Mohanani |
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1440 |
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Total |
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25000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is an engaged in the business of Construction and Development
of Property. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
ICICI Bank Limited, Landmarkrace
Cource Circle, Alkapuri,
Baroda – 390 015, Gujarat, India |
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Facilities : |
NOTE : The
long term portion of term loan are shown under long term Borrowing and the
current Maturities of long term borrowing are shown under current liabilities
as per disclosure requirement of Revised Schedule VI. Debenture: Secured (a) Security : Debentures are secured
by the way of - 1.
First
Charge by way of mortgage on properties situated at chembur,
second charge by way of mortgage on development right on land ' situated at Virar in Thane District and structure thereon 2.
Pledge
created, of all equity shares in the company 3. First charge by way of hypothecation on scheduled receivables of project situated in chembur and second charge on scheduled receivables of project situated at Virar in Thane District. (b) Personal
Guarantees: Personal guarantee of Mr. Ashok Mohanani. Mr. Vivek Mohanani directors of the
company. (c) Redemption
and Conversion: 1.
1,01,00,000
Optionally Convertible Debentures (OCO) shall be convertible (if not redeemed) into fully paid up Equity
Shares, based on the fair market value of the Company ,on or before 11th Nov,
2014 in case company fails to commence construction of project within 36
month from the first tranche closing date(11th
April 2011) .or Mr. Ashok Mohanani
voluntarily ceases to be a director of the company. 2.
40,00,000
Optionally Convertible Debentures {OCO) shall be convertible (if not
redeemed) into fully paid up Preference Shares, based on the fair market
value of the Company .on or before 25th Jan, 2014.in case compay
fails to commence construction of project within 24 month from the first tranche dosing date (27th fune
2011), or Mr. Ashok Mohanani
voluntarily ceases (o be a director of the company. Term Loan: Secured (a) Security : Loan is secured by the way of- 1.
Loan is
secured by the way of -I First Charge by way of mortgage on development right
on land situated at Virar in Thane District and
structure thereon 2.
First charge
by way of hypothecation on Scheduled receivables of Project at Virar. 3.
First
Charge on Escrow Account and DSR account, all monies credited therein (b)
Personal and Corporate Guarantees : 1.
Personal
guarantee of Mr. Ashok Mohanani,
Mr. Vivek Mohanani directors
of the company. 2.
Corporate
guarantee of Ekta Housing Private Limited (c) Terms of Payment The
Loan is to be repayed in 18 monfhjy
installments slarling from July ,2013 Vehicle Loan
: Secured (a) Security : Secured by way of hypothecation of Motor Car
against which the loan has been taken (b)
Terms of Payment : 1.
Loan is
to be paid in 35 equal instalment i.e.(May, 2011 to
March,2014) 2. Rate of Interest is to be paid @ 8.55% per annum .monthly reducing. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Laddha and Laddha Chartered Accountants |
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Address : |
3/312, Navjivan Society, Lamington Road,
Mumbai – 400 008, Maharashtra, India |
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PAN No.: |
AABPT4764B |
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Associates : |
·
Ekta Housing Private Limited (Associate
Company) ·
Ekta World Private Limited (Associate Company) ·
M/s Ekta Shubham Venture (Associate Enterprise) ·
Ekta Everglade Homes Private Limited
(Associate Company) |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs. 100/- each |
Rs.2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
25000 |
Equity Shares |
Rs. 100/- each |
Rs.2.500 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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|
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(a) Share Capital |
|
2.500 |
2.500 |
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(b) Reserves & Surplus |
|
(33.196) |
0.909 |
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(c) Money
received against share warrants |
|
0.000 |
0.000 |
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(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(30.696) |
3.409 |
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(3)
Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
|
1708.137 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.132 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
|
1708.137 |
0.132 |
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(4) Current Liabilities |
|
|
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(a) Short term borrowings |
|
110.237 |
990.798 |
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(b) Trade payables |
|
33.487 |
212.746 |
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(c) Other current
liabilities |
|
855.000 |
397.564 |
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(d) Short-term provisions |
|
0.000 |
0.000 |
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Total Current Liabilities (4) |
|
998.724 |
1601.108 |
|
|
|
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|
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TOTAL |
|
2676.165 |
1604.649 |
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II.
ASSETS |
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|
|
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(1) Non-current assets |
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|
|
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(a) Fixed Assets |
|
|
|
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(i)
Tangible assets |
|
22.724 |
3.341 |
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(ii) Intangible Assets |
|
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.420 |
0.420 |
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(b) Non-current Investments |
|
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
|
0.070 |
0.000 |
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(d) Long-term Loan and Advances |
|
7.955 |
0.291 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
31.169 |
4.052 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
|
3.514 |
0.000 |
|
(b) Inventories |
|
2041.542 |
905.404 |
|
(c) Trade receivables |
|
0.231 |
0.000 |
|
(d) Cash and cash
equivalents |
|
151.428 |
73.300 |
|
(e) Short-term loans and
advances |
|
448.281 |
621.893 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
2644.996 |
1600.597 |
|
|
|
|
|
|
TOTAL |
|
2676.165 |
1604.649 |
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SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.051 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4.551 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.020 |
|
|
TOTAL BORROWING |
|
|
0.020 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.571 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.082 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.030 |
|
|
DEFERRED TAX ASSETS |
|
|
0.049 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.028 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
5.916 |
|
Total
Current Assets |
|
|
5.944 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.504 |
|
|
Other Current Liabilities |
|
|
0.030 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
1.534 |
|
|
Net Current Assets |
|
|
4.410 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.571 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
|
|
|
|
|
|
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Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
(34.307) |
(0.961) |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.202 |
0.181 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(34.105) |
(1.143) |
24.520 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.908 |
2.051 |
22.469 |
|
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|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
33.197 |
0.908 |
2.051 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1364.20) |
(45.71) |
0.98 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.29)
|
(0.06) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.12)
|
0.28 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(59.24)
|
290.64 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.65
|
1.00 |
3.87 |
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE: Registered office
address of the company has been shifted from Vivek
Enclave Ground Floor, Opposite Shivaji Nagar, Mandpeshwar Road, Borivali (West), Mumbai – 400 103, Maharashtra,
India to the present address w.e.f.24.12.2009
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs.
In Millions |
31.03.2011 Rs.
In Millions |
|
Short Term Borrowings |
|
|
|
Other Loan |
|
|
|
From Related
Parties |
110.237 |
800.798 |
|
From Others |
0.000 |
190.000 |
|
|
|
|
|
Total |
110.237 |
990.798 |
Note: Above Loans are to be repaid, as mutually agreed
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10371512 |
31/07/2013
* |
1,100,000,000.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA – 390 015, GUJARAT, INDIA |
B81675563 |
|
2 |
10292560 |
13/06/2011 |
1,000,000,000.00 |
ICICI
BANK LIMITED |
ICICI
BANK TOWERS, BANDRA KURLA COMPLEX, MUMBAI, |
B15130644 |
|
3 |
10349770 |
11/04/2011 |
1,010,000,000.00 |
HDFC
ASSET MANAGEMENT COMPANY LIMITED |
169,
RAMON HOUSE, BACKBAY RECLAMATION, CHURCHGATE, MUMBAI – 400 020, MAHARASHTRA,
INDIA |
B28388353 |
* Date
of charge modification
FIXED ASSETS:
·
Air Conditioner
·
Office Equipments
·
Mobile
·
Moving Cabine
·
Refrigerator
·
Computer and Printer
·
Aston Martin Car
·
Tata Indica Car
·
Tavera Car
·
Camera
·
Flat at Silvasa
·
ERP 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 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.61.53 |
|
|
1 |
Rs.99.75 |
|
Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
11 |
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.