MIRA INFORM REPORT
|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
HINDUJA REALTY VENTURES LIMITED (w.e.f. 13.03.2008) |
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Formerly Known
As : |
HINDUJA PROPERTIES LIMITED (w.e.f. 21.01.2008) AASIA PROPERTIES DEVELOPMENT LIMITED MECC FILMS PRIVATE LIMITED |
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Registered
Office : |
Hinduja House, 171, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
09.07.1968 |
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Com. Reg. No.: |
11-014045 |
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Capital
Investment / Paid-up Capital : |
Rs. 103.100
Millions |
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CIN No.: [Company Identification
No.] |
U45200MH1968PLC014045 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA20503A |
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PAN No.: [Permanent Account No.] |
AAACM4995M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Hinduja Group Limited”. It is an established company having satisfactory track record. Trade relations seem to be fair. Business is active. Payment terms are
reported as usually correct. In view of experienced promoters, the company can be considered 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON – COOPERATIVE (91-22-24960707)
LOCATIONS
|
Registered Office : |
Hinduja House, 171, |
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Tel. No.: |
91-22-24960707 |
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Fax No.: |
91-22-24974208 |
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E-Mail : |
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Website : |
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Branch Office: |
12th Mile, Near Baglur Cross, |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Abin Kumar Das |
|
Designation : |
Director |
|
Address : |
61-A, Atlas Apartments, J. Mehta Road, Mumbai – 400006, Maharashtra,
India |
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Date of Birth/Age : |
02.08.1940 |
|
Date of Appointment : |
29.09.2007 |
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DIN No.: |
00122913 |
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Name : |
Mr. Kailash Chandra Samdani |
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Designation : |
Director |
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Address : |
302, Shantikutir, 3rd Floor, 10th Road,
Santacruz (East), Mumbai – 400055, Maharashtra, India |
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Date of Birth/Age : |
02.03.1940 |
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Date of Appointment : |
17.04.2001 |
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DIN No.: |
00128600 |
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Name : |
Mr. Jeet Prakash Chugani |
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Designation : |
Director |
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Address : |
7/72, Sona, MHB Complex, Bandra Reclamation, Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
02.10.1951 |
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Date of Appointment : |
11.12.2008 |
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DIN No.: |
00166921 |
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Name : |
Mr. Vishin Ghanshamdas Gurnani |
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Designation : |
Director |
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Address : |
42, Venus Apartments, 11th Floor, Plot No. 50, Worli Sea Face,
Worli, Mumbai – 400018, Maharashtra, India |
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Date of Birth/Age : |
04.08.1945 |
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Date of Appointment : |
15.09.2003 |
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DIN No.: |
00123401 |
KEY EXECUTIVES
|
Name : |
Mr. Ravinder Babbar |
|
Designation : |
Manager |
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Address : |
B-33 / 130, Sunder Nagar, Vidyanagari Post, Kalina, Santacruz (East), Mumbai – 400098, Maharashtra, India |
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Date of Birth/Age : |
27.11.1951 |
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Date of Appointment : |
17.08.2009 |
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PAN No.: |
AAAPB2437Q |
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|
Name : |
Mr. Rajkumar S. Ghoshal |
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Designation : |
Director |
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Address : |
302, Divya Sarjan, 3rd Floor, Ganesh Chowk, 90 Feet Road,
Charkop, Kandivali (West), Mumbai – 400067, Maharashtra, India |
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Date of Birth/Age : |
18.01.1970 |
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Date of Appointment : |
01.07.2011 |
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PAN No.: |
ABIPG2881J |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ashok P. Hinduja / Hinduja Group Limited |
|
1 |
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Harsha A. Hinduja / Hinduja Group Limited |
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1 |
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Satya A. Hinduja / Hinduja Group Limited |
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1 |
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A. K. Das / Hinduja Group Limited |
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1 |
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P. J. Saldanha / Hinduja Group Limited |
|
1 |
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Jeet Chugani / Hinduja Group Limited |
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1 |
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Hinduja Group Limited. / Hinduja Realty Ventures Limited |
|
15250 |
|
Hinduja Group Limited |
|
9984744 |
|
Rabna Holdings Limited. Mauritius |
|
310000 |
|
Total |
|
10310000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
3.01 |
|
Bodies corporate |
96.99 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
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Financial Institute: |
Sbicap Trustee Company Limited, 202, Maker Tower
"E", Cuffe Parade, Mumbai - 400005, Maharashtra, India |
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Auditors : |
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Name : |
B.K.KHARE and Company Chartered Accountants |
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Address : |
706/708 Sharda Chambers, New Marine Lines, Bh Ayakar, Bhavan, Mumbai 400020, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB0265E |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company: |
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Fellow Subsidiary: |
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Subsidiary Company: |
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Partnership Firms |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
10310000 |
Equity Shares |
Rs.10/- each |
Rs. 103.100
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
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|
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|
I.
EQUITY AND LIABILITIES |
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|
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(1)Shareholders' Funds |
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(a) Share Capital |
103.100 |
100.000 |
100.000 |
|
(b) Reserves & Surplus |
4310.709 |
2586.633 |
2666.900 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
4413.809 |
2686.633 |
2766.900 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
831.873 |
0.000 |
0.000 |
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(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
8.749 |
7.418 |
6.341 |
|
Total
Non-current Liabilities (3) |
840.622 |
7.418 |
6.341 |
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(4) Current Liabilities |
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(a) Short term borrowings |
112.043 |
1068.899 |
1405.583 |
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(b) Trade payables |
34.793 |
45.038 |
5.683 |
|
(c) Other current liabilities |
85.404 |
90.341 |
84.426 |
|
(d) Short-term provisions |
1.571 |
1.330 |
1.242 |
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Total
Current Liabilities (4) |
233.811 |
1205.608 |
1496.934 |
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TOTAL |
5488.242 |
3899.659 |
4270.175 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
370.981 |
390.001 |
405.451 |
|
(ii) Intangible Assets |
0.223 |
0.671 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2819.888 |
2170.389 |
2634.921 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3191.092 |
2561.061 |
3040.372 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1752.615 |
1025.503 |
865.133 |
|
(c) Trade receivables |
10.205 |
3.726 |
0.135 |
|
(d) Cash and cash equivalents |
2.329 |
1.620 |
0.334 |
|
(e) Short-term loans and
advances |
531.898 |
305.300 |
360.819 |
|
(f) Other current assets |
0.103 |
2.449 |
3.382 |
|
Total
Current Assets |
2297.150 |
1338.598 |
1229.803 |
|
|
|
|
|
|
TOTAL |
5488.242 |
3899.659 |
4270.175 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
77.851 |
60.089 |
45.299 |
|
|
Other Income |
242.282 |
210.222 |
703.110 |
|
|
TOTAL
(A) |
320.133 |
270.311 |
748.409 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.127 |
|
|
Employees benefits expense |
9.162 |
9.474 |
10.355 |
|
|
Other expenses |
42.358 |
207.057 |
34.031 |
|
|
TOTAL
(B) |
51.520 |
216.531 |
44.513 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
268.613 |
53.780 |
703.896 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
55.310 |
105.178 |
95.505 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
213.303 |
(51.398) |
608.391 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
22.447 |
22.469 |
21.700 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
190.856 |
(73.867) |
586.691 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
13.680 |
6.400 |
9.231 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
177.176 |
(80.267) |
577.460 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2586.633 |
2666.900 |
2089.440 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
2769.484 |
2586.633 |
2666.900 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
17.18 |
(8.03) |
57.75 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
227.58 |
(133.58) |
1274.77 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
345.03 |
89.50 |
1553.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.15 |
(4.27) |
35.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
(0.03) |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.21 |
0.40 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
9.82 |
1.11 |
0.82 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
100.000 |
100.000 |
103.100 |
|
Reserves & Surplus |
2666.900 |
2586.633 |
4310.709 |
|
Net
worth |
2766.900 |
2686.633 |
4413.809 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
831.873 |
|
Short term borrowings |
1405.583 |
1068.899 |
112.043 |
|
Total
borrowings |
1405.583 |
1068.899 |
943.916 |
|
Debt/Equity
ratio |
0.508 |
0.398 |
0.214 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
45.299 |
60.089 |
77.851 |
|
|
|
32.650 |
29.559 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
45.299 |
60.089 |
77.851 |
|
Profit |
577.460 |
(80.267) |
177.176 |
|
|
1274.77% |
(133.58%) |
227.58% |
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 |
No |
|
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 |
OPERATIONS AND
BUSINESS PROSPECTS
In the Ecopolis project, located at Yelahanka, Bangalore, out of the total built-up area of about 8.000 Millions sq. ft., the Company had taken up the construction of 1.100 Millions sq. ft. through the involvement of reputed contractors and consultants. The super structure of the building is 95% complete. Expenditure has been carried out through a mix of project equity and bank borrowings to the tune of Rs. 1330.00 Millions.
Most of the contracts pertaining to services like lifts, electrical, plumbing and external façade have been finalized or are in the process of being finalized. The construction and development of the approach road from the main Bellary road (NH7) connecting to the existing block has been initiated.
The Company has also taken up the detailed design process for the next phase development comprising of 10 lacs sq. ft. of the IT building and approx. 0.400 Million sq. ft. of multi-level car park space and it is anticipated that construction of this will also commence in the near future.
Based on the market survey carried out, the Master Plan work for the project situated on about 76 acres of land at Kukatpally, Hyderabad has been initiated by Hinduja Estates Private Limited., a subsidiary of the Company.
Hinduja Healthcare Surgical (HHS), the 110 bedded boutique hospital of Hinduja Healthcare Limited. (HHL), the subsidiary of the Company, is in its third year of operation. HHS has about 200 consultants on its panel in various specialties such as Cardiology, Orthopaedics, Bariatric surgery, Gynaecology and Obstetrics, General Surgery etc. The performance and the revenue have been on uptrend continuously and the facility has already created a name for itself for quality and high standards of service.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related |
22.733 |
370.702 |
|
Total |
22.733 |
370.702 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10418487 |
25/07/2013 * |
8,500,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER "E", CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B81601999 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipmentsc
Intangible assets
- Brands and trade marks
- Trade marks
- Computer software
PRESS RELEASES
GULF OIL SAYS ITS ECOPOLIS PROJECT WILL START GENERATING REVENUES THIS
YEAR
NOVEMBER 17, 2014
Hyderabad-based Gulf Oil Corporation India Limited (GOCIL), a Hinduja group company, stated that the first building of its Rs 1,8000.000 Millions ‘Ecopolis’ project at Yelahanka in Bengaluru was in the final stage of completion.
The building block consisting of 1.04 million sq feet (sft) and a multi-level
car park of 74,000 sft in a special economic zone (SEZ) is in the marketing
stage.
Revenue streams are expected to commence in the third or fourth quarter of the
current financial year, the company stated in a press release.
Ecopolis consists of a 30 acre IT/ITeS SEZ park and a 10-acre hotel,
hospitality and retail infrastructure. It is being developed in association
with Hinduja Realty Ventures Limited. GOCIL said that the ground work on the
block had also started.
In the case of Hyderabad property, the company said it had entered into a
development agreement with Hinduja Estates Private Limited. In the light of the
“major initiatives announced” by the Telangana government for economic
development, planning work relating to the project was being modified
anticipating the emerging demand pattern and approvals were being sought on a
sector-wise basis.
GOCIL expects an increase in the demand for realty in Hyderabad as the state
government had announced establishment of industry-specific clusters for IT,
foundry and solar energy besides setting up a cinema city and All India
Institute of Medical Sciences.
The company said it had also been augmenting its land bank at Visakhapatnam in
Andhra Pradesh. Development of these lands would be taken up at an “appropriate
time”.
GOCIL reported a turnover of Rs 268.900 Millions and a net profit of Rs 101.300
Millions for the quarter ended September 2014.
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.61.93 |
|
UK Pound |
1 |
Rs.96.37 |
|
Euro |
1 |
Rs.76.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
49 |
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.