|
Report Date : |
22.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHREE SHARANAM REAL ESTATE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
44-A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.02.2004 |
|
|
|
|
Com. Reg. No.: |
20-028344 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70101UP2004PTC028344 |
|
|
|
|
IEC No.: |
0613005147 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS2068Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Real Estate Developers. |
|
|
|
|
No. of Employees
: |
7 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Project under construction |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Eventhough the company was incorporated during the year 2004. The company
is yet to commence with its business operation as the company’s project is
under construction stage. Mr. Laxman Das Goyal, Director provided with us all information and
also claimed that the company have made collaboration and tied-up with Sarovar
Hotel and Resort Private Limited and they will manage operation of the Hotel
after completion of work. However, capital base of the company is a satisfactory. Payment terms
are unknown. The company can be considered for business dealings with some caution.
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Laxman Das Goel |
|
Designation : |
Director |
|
Contact No.: |
91-9335154506 |
|
Date : |
21.01.2014 |
LOCATIONS
|
Registered Office : |
44-A, Mall Road, Agra – 282001, Uttar Pradesh, India |
|
Tel. No.: |
91-562-4023514/ 3267810 |
|
Mobile No.: |
91-9335154506 (Mr. Laxman Das Goel) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Hotel Site (Project Address): |
Project Name:
“Crystal Sarovar Premeire” Khasra No.2022, 2023, 2024 and 2025 (Part), Muaza Basai Mustquil, Taj
Nagri, Phase – II, Fatehabad Road, Agra – 282001, Uttar Pradesh,
India |
|
Location : |
Owned |
DIRECTORS
(AS ON 25.09.2013)
|
Name : |
Mr. Uday Krishna Agarwal |
|
Designation : |
Additional Director |
|
Address : |
406, Srinidhi
Apartments, 6, Vasavi Nagar, Secunderabad – 500015, Andhra Pradesh, India |
|
Date of Birth/Age : |
31.08.1963 |
|
Date of Appointment : |
18.04.2013 |
|
DIN No.: |
00470620 |
|
Email : |
|
|
|
|
|
Name : |
Mr. Laxman Das Goel |
|
Designation : |
Director |
|
Address : |
44-A, Mall Road,
Agra – 282 001, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.10.1952 |
|
Qualification : |
B. Sc. |
|
Experience : |
40 Years |
|
Date of Appointment : |
18.10.2006 |
|
DIN No.: |
00741506 |
|
|
|
|
Name : |
Mr. Ravi Goel |
|
Designation : |
Director |
|
Address : |
44-A, Mall Road,
Agra – 282 001, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.04.1976 |
|
Qualification : |
B. Com, MBA |
|
Experience : |
12 years |
|
Date of Appointment : |
26.04.2007 |
|
DIN No.: |
00866755 |
|
|
|
|
Name : |
Mr. Rishi Goel |
|
Designation : |
Director |
|
Address : |
44-A, Mall Road,
Agra – 282 001, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.04.1976 |
|
Qualification : |
B. Com, MBA |
|
Experience : |
12 years |
|
Date of Appointment : |
26.04.2007 |
|
DIN No.: |
00866784 |
|
|
|
|
Name : |
Mrs. Anita Goel |
|
Designation : |
Director |
|
Address : |
44-A, Mall Road,
Agra – 282 001, Uttar Pradesh, India |
|
Date of Birth/Age : |
05.02.1953 |
|
Qualification : |
B.A. (Hons.) |
|
Experience : |
20 years |
|
Date of Appointment : |
26.04.2007 |
|
DIN No.: |
01089518 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 25.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Laxman Das Goel |
|
18000 |
|
Ravi Goel |
|
11000 |
|
Rishi Goel |
|
10000 |
|
Anita Goel |
|
11000 |
|
|
|
|
|
Total |
|
50000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Developers. |
PRODUCTION STATUS (AS ON 31.03.2013)
|
Particulars |
Installed Capacity |
|
|
|
|
Hotel (Proposed) Under Construction |
140 Room |
GENERAL INFORMATION
|
Suppliers : |
· Baba Construction Private Limited · Usha Steels · Hindustan Steel Enterprises |
|||||||||||||||||||||
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|||||||||||||||||||||
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Customers : |
· Baba Construction Private Limited |
|||||||||||||||||||||
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|||||||||||||||||||||
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No. of Employees : |
7 (Approximately) |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Bankers : |
· Bank of Baroda Dayal Bagh Branch, Heera Bagh Mod, Dayal Bagh, Agra – 282005, Uttar
Pradesh, India · Vijaya Bank 49, Taj Road, Agra, Uttar Pradesh, India Remark: Excellent |
|||||||||||||||||||||
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|
|||||||||||||||||||||
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Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
CKG and Company Chartered Accountants |
|
Address : |
F-31/2, Opposite LIC Building, Sanjay Place, Agra – 282002, Uttar
Pradesh, India |
|
PAN No.: |
AAGFC4189E |
|
Tel. No.: |
91-562-4033693 |
|
Mobile No.: |
91-9837053141 |
|
Email : |
|
|
|
|
|
Collaborators : |
· Sarovar Hotel and Resort Private Limited |
|
|
|
|
Associates/Subsidiaries : |
· Hotel Crystalinn 785, Behind TDL Mall, Fatehabad Road, Agra, Uttar Pradesh, India Line of Business: Hotel · Panna Palace Shamshabad Road, Agra, Uttar Pradesh, India Line of Business: Cinema Hall · Reflection Glass Shamshabad Road, Agra, Uttar Pradesh, India Line of Business: Glass Decorative Factory |
CAPITAL STRUCTURE
(AS ON 25.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000
Millions |
|
|
|
|
|
(AS ON 31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000
Millions |
|
|
|
|
|
The reconciliation of
number of shares outstanding and the amount of Share Capital is set out as
below:
|
Particulars |
As at 31.03.2013 |
|
|
|
No. of Equity
Shares |
Amount |
|
|
|
|
|
Shares outstanding at the beginning of the year |
50000.00 |
5.000 |
|
Shares issued during the year |
-- |
-- |
|
Shares bought back during the year |
-- |
-- |
|
Shares outstanding at the end of the year |
50000.00 |
5.000 |
The details of shareholders
holding more than 5% Shares
|
Particulars |
As at 31.03.2013 |
|
|
|
No. of Shares
Held |
% of Holding |
|
|
|
|
|
Laxman Das Goal |
18000 |
36% |
|
Ravi Goal |
11000 |
22% |
|
Rishi Goal |
10000 |
20% |
|
Anita Gael |
11000 |
22% |
The Company has
one class of equity shares having a par value of Rs.100 per share. Each
shareholder is eligible for one vote per share held. The Company declares and
pays dividend in Indian Rupees. The dividend proposed by the board of directors
is subject to the approval of the shareholders in the ensuing annual general
meeting. In the event of liquidation, the equity shareholders are eligible to
receive the remaining assets of the Company after distribution of all
preferential amounts, in proportion of their shareholding.
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
(0.263) |
(0.253) |
(0.245) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1)+(2) |
4.737 |
4.747 |
4.755 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
69.830 |
29.844 |
3.800 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
69.830 |
29.844 |
3.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.121 |
0.327 |
0.000 |
|
(c) Other current
liabilities |
0.234 |
0.408 |
0.000 |
|
(d) Short-term provisions |
0.017 |
0.367 |
0.006 |
|
Total Current Liabilities (4) |
0.372 |
1.102 |
0.006 |
|
|
|
|
|
|
TOTAL |
74.939 |
35.693 |
8.561 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
72.873 |
32.352 |
0.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.006 |
0.004 |
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 |
72.879 |
32.356 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
8.336 |
|
(c) Trade receivables |
0.009 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
2.051 |
1.567 |
0.225 |
|
(e) Short-term loans and
advances |
0.000 |
1.770 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
2.060 |
3.337 |
8.561 |
|
|
|
|
|
|
TOTAL |
74.939 |
35.693 |
8.561 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
|
Purchases of Stock in Trade |
0.000 |
0.000 |
0.000 |
|
|
|
Changes in Inventories of Finished Goods, Work in progress and stock
in trade |
0.000 |
0.000 |
0.000 |
|
|
|
Employee Benefits Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
Other Expenses |
0.014 |
0.011 |
0.006 |
|
|
|
TOTAL (B) |
0.014 |
0.011 |
0.006 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(0.014) |
(0.011) |
(0.006) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(0.014) |
(0.011) |
(0.006) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(0.014) |
(0.011) |
(0.006) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.004) |
(0.003) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(0.010) |
(0.008) |
(0.006) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.02) |
(0.02) |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.02)
|
(0.03) |
(0.07) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
14.74
|
6.29 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.54
|
3.03 |
1426.83 |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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:
The registered office of the company has been
shifted form, A Rohan Road, Sirsahanj, Sirsaganj – 205151, Uttar Pradesh, India,
to the present address w.e.f. 08.12.2006.
------------------------------------------------------------------------------------------------------------------------------
UNSECURED
LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Poonam Agarwal |
0.400 |
0.400 |
|
Laxman Das Goel |
16.920 |
10.620 |
|
Anita Goel |
13.880 |
9.780 |
|
Ravi Goel |
7.640 |
3.840 |
|
Rishi Goel |
5.460 |
3.660 |
|
Laxman Das Ravi Kumar |
0.700 |
-- |
|
Laxman Das Rishi Kumar |
0.500 |
-- |
|
Ravi Enterprises |
1.500 |
-- |
|
Ravi Goel HUF |
0.100 |
0.100 |
|
|
|
|
|
Total |
47.100 |
28.400 |
------------------------------------------------------------------------------------------------------------------------------
(NAME: CRYSTAL SAROVAR PREMIERE)
COST OF PROJECT
(RS. IN MILLIONS)
|
Particulars |
Existing as on
31.03.2013 |
Proposed |
Total |
|
|
|
|
|
|
Land |
14.847 |
-- |
14.847 |
|
Building |
57.794 |
82.206 |
140.000 |
|
Plant and Machinery |
-- |
120.000 |
120.000 |
|
Furniture and Fixture |
-- |
46.900 |
46.900 |
|
Pre-Operative Expenses |
0.245 |
-- |
0.245 |
|
Interests During Construction period |
-- |
16.800 |
16.800 |
|
Working Capital Margin |
1.943 |
3.057 |
5.000 |
|
|
|
|
|
|
Total |
74.829 |
268.963 |
343.792 |
MEANS OF FINANCE
(RS. IN MILLIONS)
|
Particulars |
Existing as on
31.03.2013 |
Proposed |
Total |
|
|
|
|
|
|
Share Capital |
5.000 |
75.000 |
80.000 |
|
Term Loan (BOB) |
22.729 |
(22.729) |
-- |
|
Term Loan (BOI) |
-- |
196.900 |
196.900 |
|
Working Capital |
-- |
20.000 |
20.000 |
|
Unsecured Loan |
47.100 |
(0.208) |
46.892 |
|
|
|
|
|
|
Total |
74.829 |
268.963 |
343.792 |
PROJECTED PROFITABILITY
STATEMENT
(RS. IN MILLIONS)
|
Particulars |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
|
|
|
|
Capacity |
40% |
50% |
55% |
|
|
|
|
|
|
Room Charges |
81.760 |
102.200 |
112.420 |
|
Food and
Beverages Charges |
32.320 |
40.325 |
44.385 |
|
Total (A) |
114.080 |
142.525 |
156.805 |
|
|
|
|
|
|
Room Expenses |
4.088 |
5.110 |
5.621 |
|
Food and Beverage Expenses |
12.410 |
15.512 |
17.063 |
|
Salary |
7.704 |
8.474 |
9.322 |
|
General Admin Overhead |
9.240 |
13.614 |
14.763 |
|
Pre-Operative expenses W/Off |
0.049 |
0.049 |
0.049 |
|
Total (B) |
33.491 |
42.759 |
46.818 |
|
|
|
|
|
|
Profit Before Interests and Depreciation (A-B) |
80.589 |
99.766 |
109.987 |
|
|
|
|
|
|
Interests on Term Loans |
22.868 |
19.800 |
15.000 |
|
Interest on Working Capital |
2.400 |
2.400 |
2.400 |
|
|
|
|
|
|
Depreciation |
42.433 |
36.804 |
31.962 |
|
|
|
|
|
|
Profit Before Tax |
12.888 |
40.762 |
60.625 |
|
|
|
|
|
|
Provision for Tax @ 0% |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
(Tax Holiday for 5 Years U/s 80 ID)
|
|
|
|
|
Profit After Tax |
12.888 |
40.762 |
60.625 |
|
|
|
|
|
|
Add: Pre-operative Expenses |
0.049 |
0.049 |
0.049 |
|
Add: Depreciation |
42.433 |
36.804 |
31.962 |
|
Add: Interests on Term Loan |
22.868 |
19.800 |
15.000 |
|
Cash Accruals |
78.238 |
97.415 |
107.636 |
CALCULATION OF OPERATING
PROFIT
(RS. IN MILLIONS)
|
Particulars |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
|
|
|
|
Room Charges |
81.760 |
102.200 |
112.420 |
|
Food and
Beverages Charges |
32.320 |
40.325 |
44.385 |
|
Total (A) |
114.080 |
142.525 |
156.805 |
|
|
|
|
|
|
Room Expenses |
4.088 |
5.110 |
5.621 |
|
Food and Beverage Expenses |
12.410 |
15.512 |
17.063 |
|
Salary |
7.704 |
8.474 |
9.322 |
|
Depreciation |
42.433 |
36.804 |
31.962 |
|
Total (B) |
66.635 |
65.900 |
63.968 |
|
|
|
|
|
|
Operating Profit (A-B) |
47.445 |
76.625 |
92.837 |
PROJECTED BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
Land |
14.847 |
14.847 |
14.847 |
14.847 |
14.847 |
|
Building |
90.900 |
156.908 |
154.440 |
170.408 |
203.507 |
|
Plant and Machinery |
27.965 |
59.857 |
103.308 |
88.938 |
76.567 |
|
Furniture and Fixture |
-- |
40.000 |
40.950 |
33.538 |
27.468 |
|
Pre-operative Expenses |
0.245 |
0.245 |
0.196 |
0.147 |
0.098 |
|
Loans and Advance |
1.000 |
1.000 |
2.000 |
2.000 |
2.000 |
|
Sundry Debtors |
2.000 |
2.000 |
22.000 |
26.800 |
12.000 |
|
Cash and Bank |
36.180 |
45.396 |
34.901 |
26.918 |
43.960 |
|
|
|
|
|
|
|
|
Total Assets |
165.029 |
311.037 |
383.137 |
371.579 |
363.404 |
|
|
|||||
|
LIABILITIES |
|
|
|
|
|
|
Share Capital |
35.000 |
65.000 |
80.000 |
80.000 |
80.000 |
|
Reserve and Surplus |
(0.263) |
(0.263) |
12.625 |
53.387 |
114.012 |
|
Term Loan |
80.900 |
196.908 |
180.000 |
140.000 |
100.000 |
|
Unsecured Loans |
46.892 |
46.892 |
61.692 |
61.692 |
46.892 |
|
Working Capital Limit |
0.000 |
0.000 |
20.000 |
20.000 |
20.000 |
|
Sundry Creditor |
1.500 |
1.500 |
27.820 |
14.500 |
1.500 |
|
Other Current Liabilities |
1.000 |
1.000 |
1.000 |
2.000 |
1.000 |
|
|
|
|
|
|
|
|
Total Liabilities |
165.029 |
311.037 |
383.137 |
371.579 |
363.404 |
PROJECTED CASH FLOW
STATEMENT
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
|
|
|
|
|
|
Sources of Funds |
|
|
|
|
|
|
Share
Capital |
30.000 |
30.000 |
15.000 |
0.000 |
0.000 |
|
Term Loan |
80.000 |
100.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured Loan |
(0.208) |
0.000 |
14.800 |
0.000 |
(14.800) |
|
Cash Accruals |
(0.263) |
0.000 |
78.238 |
97.415 |
107.636 |
|
Total |
109.529 |
130.000 |
108.038 |
97.415 |
92.836 |
|
|
|
|
|
|
|
|
Application of Funds |
|
|
|
|
|
|
Building |
32.206 |
50.000 |
13.523 |
30.990 |
45.819 |
|
Plant and Machinery |
27.965 |
31.892 |
59.843 |
0.000 |
0.000 |
|
Furniture and Fixture |
0.000 |
40.000 |
10.000 |
0.000 |
0.000 |
|
Working Capital |
0.609 |
0.000 |
(24.320) |
17.120 |
0.000 |
|
Interests on Term Loan |
0.000 |
0.000 |
39.776 |
19.800 |
15.000 |
|
Repayment of Term Loan |
22.729 |
0.000 |
0.000 |
40.000 |
40.000 |
|
Total |
83.509 |
121.892 |
98.822 |
107.910 |
100.819 |
|
|
|
|
|
|
|
|
Opening Balance |
2.052 |
28.072 |
36.180 |
45.396 |
34.901 |
|
|
|
|
|
|
|
|
Surplus/ (Deficit) |
26.020 |
8.108 |
9.216 |
(10.495) |
(7.983) |
|
|
|
|
|
|
|
|
Closing Balance |
28.072 |
36.180 |
45.396 |
34.901 |
26.918 |
DEBT SERVICE COVERAGE RATIO (DSCR)
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
|
|
|
|
|
|
Cash Accruals |
0.000 |
0.000 |
55.370 |
77.615 |
92.636 |
|
Interests
on Loan |
0.900 |
16.008 |
22.868 |
19.800 |
15.000 |
|
|
|
|
|
|
|
|
Total Cash Available For Loan Repayment (A) |
0.900 |
16.008 |
78.238 |
97.415 |
107.636 |
|
|
|
|
|
|
|
|
Repayment of Loan |
0.000 |
0.000 |
16.908 |
40.000 |
40.000 |
|
Interests on Loan |
0.900 |
16.008 |
22.868 |
19.800 |
15.000 |
|
|
|
|
|
|
|
|
Total Liability of Loan (B) |
0.900 |
16.008 |
39.776 |
59.800 |
55.000 |
|
|
|
|
|
|
|
|
D.S.C.R. |
1.00 |
1.00 |
1.97 |
1.63 |
1.96 |
|
|
|
|
|
|
|
|
Average D.S.C.R. |
2.41 |
||||
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
(SHREE SHARANAM
REAL ESTATE PRIVATE LIMITED)
(RS. IN MILLIONS)
|
Particulars |
2013-2014 |
|
|
Income from Business or Profession |
|
(0.011) |
|
|
|
|
|
Profit as per Profit and Loss A/c |
(0.014) |
|
|
Add: Interest on TDS Dsallowed |
0.003 |
|
|
Total |
(0.011) |
|
|
|
|
|
|
Gross Total Income |
|
0.000 |
|
|
|
|
|
Total Income |
|
0.000 |
|
Rounded of U/s 288 A |
|
0.000 |
|
|
|
|
|
Calculation for Mat |
|
(0.011) |
|
|
|
|
|
Profit as per Part II and III of schedule
VI |
(0.010) |
|
|
Add: Interests on TDS Disallowed |
0.002 |
|
|
Total |
(0.008) |
|
|
|
|
|
|
Less: Deferred Tax Assets |
0.003 |
|
|
|
(0.011) |
|
|
|
|
|
|
Tax calculated @ 18.5% on Book Profit is
Rs.0 |
|
|
|
Tax Due |
|
0.000 |
|
Tax Payable |
|
0.000 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
Property in Name
of Shree Sharnam Real Estate Private Limited
Thru Director -Sh.
Laxman Das Goyal
Located at -Prop.
On Khasra No. 2022 to 2025, Taj Nagri Phase II, Fatehabad Road, Near TDI Mall,
Agra.
|
Is the property situated in residential /commercial/mixed areal industrial area? |
Commercial |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Classification of locality – High class/middle class/poor class |
H.l.G |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Proximity to civic amenities, like schools, hospitals, offices, markets, cinema etc. |
All within 500 M. of Property |
||||||||||||||||||||||||||||||
|
|
|
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|
Means and proximity to surface communication by the locality is served |
B.T. Road |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Area of land supported by documentary proof, shape, dimensions and
physical features |
3937.23 Sq. Mt. |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Is it leasehold, the name of lesser/lessee, nature of lease, dates of
commencement and termination of lease and terms of renewal of lease: |
Free hold |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Is there any restrictive covenant in regard to use of land? If so, attach
a copy of the covenant |
Commercial |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Does the land fall in an area included in any Town Planning Scheme or
any Development Plan of government or any statutory body? If so, give particulars |
Yes |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Is the building owner-occupied/
tenanted/ both? |
Owner occupied |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Give instances
of sales of immovable property in the locality on a separate sheet,
indicating the name and address of the property, registration No., sale price
and area of land sold It is a known trend on the main Fatehabad Road the transacted rates
are: Lands on main
Fatehabad Road i.e. State Highway from Mughal Hotel upto Kela Cold Storage is
Rs. One Lac per Sq. Mt. against guideline rate of Rs.40,000/- per Sq. Mt. This One Lac per Sq. Mt. includes
the fact that the stated project has been sanctioned and the available FAR is
2.00. The lands which
face other 60 wide road transact for is. 65,000/- per Sq. Mt. Because of large
demand and leas availability the land upto Kela Cold Storage, the main road
lands have become very scarce The demanded rates are even more, but they have
relied on the rate enquires from property dealers. Hence the value
of land has been considered as Rs. One Lac per Sq. Mt. for front and 65,000/- per Sq. Mt. for
rear, as the land has two discount. The average rate therefore 82,500/- per Sq. Mt.
Accordingly valued below. As regards
structure, the basic rate for entire structure as it exists in various stages
of construction i.e. Brick-work in some areas without brick-work in some
areas, we have taken an average rate of RCC frame structure, which in their
opinion will have a basic rate of Rs.5,000/-
per Sq. Mt. This rate includes projection etc. and accordingly tae
property is valued below. |
|||||||||||||||||||||||||||||||
|
Total area of the plot. |
3937.23 sq. mt. |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Prevailing market rate. |
As above |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Guideline rate obtained from the Register Office. |
Rs.40,000/- per
sq. mt. |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Assessed adopted rate of valuation. |
Rs.82,500/- per sq. mt. |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Estimated value
of the land. |
Rs.324.821 Millions |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Year of
commencement of construction and year of completion. |
Under Construction |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
What was the method
of construction by contract by employing labour directly/ both? |
Direct labour |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Valuation of the building property |
|||||||||||||||||||||||||||||||
|
No. of floors and height of each floor |
Seven Storied + Basement |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Plinth area floor-wise |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Year of construction |
Under Construction |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Estimated future life |
-- |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Type of construction load Bearing Walls/ RCC Frame/ Steel Frame |
R.C.C. Framed |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Type of foundations |
Column Foot |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Walls |
9" Thick Brick wall |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Partitions |
4 W' Thick Brick wall |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Doors and windows (Floor-wise): |
Required |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Flooring (Floor-wise): |
Required |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Finishing (Floor-wise): |
Required |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Roofing and terracing |
R.C.C. |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Special
architectural or decorative features, if any |
N/A. |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Internal wiring ---- surface or conduit Class of fittings:
Superior/ordinary/poor |
Concealed |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Sanitary installations |
Required |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Class of fittings: Superior |
Required |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Compound wall |
Required |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of lifts and capacity |
Required |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Details of
Valuation
|
|||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
SUMMARY OF VALUATION |
|||||||||||||||||||||||||||||||
|
Part I Land : |
Rs.324.821 Millions |
||||||||||||||||||||||||||||||
|
Part II Building |
Rs.50.705 Millions |
||||||||||||||||||||||||||||||
|
Part III U/ Ground RCC tanks 3,00,000 Liters @ 15.00 Rs./Liters |
Rs.4.500 Millions |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Total |
Rs.380.026
Millions |
||||||||||||||||||||||||||||||
|
The overall fair
market value of the property is Rs.380.000 Millions The realizable sale
value of property may reduce to Rs.340.000 Millions The guideline rate value of property Rs.330.000
Millions is considering 40,000/· Rs./ Sq. Mt. land rate and Rs.16,000/- per Sq. Mt.
Construction Rate |
|||||||||||||||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NOT CHARGES EXIST FORM COMPANY
------------------------------------------------------------------------------------------------------------------------------
NEWS
SAROVAR HOTELS TO SET UP SECOND HOTEL IN KERALA
June 20, 2013
KOCHI: As part of expansion plans to reach its target of 100 hotels,
Sarovar Hotels will be setting up a hotel at Bekal in Kerala's Kasaragod
district, which will be operational by 2014.
"Sarovar Portico, Bekal, a 48-key hotel, will be the group's second hotel
in Kerala after Vasundhara Sarovar Premiere," said Sarovar Hotels and
Resorts Managing Director Anil Madhok.
Promoted by P A Mahamood Haji, Sarovar Portico Bekal, will be operational by
2014.
The hotel will offer all modern facilities such as an all day dining
restaurant, lounge, banquets, shops apart from spectacular views of the famous
Bekal Fort and the Arabian Sea from its rooms and suites, a company statement
released here said.
The group also has plans to set up hotels at Agra and Ajmer, it said.
The Crystal Sarovar Premiere in Agra, a luxury hotel with 140 keys, promoted by
Shree Sharanam Real Estate Private Limited is located on Fatehabad Road. This
five star hotel will also be operational by 2014.
Sarovar Portico, Ajmer-- 60 room hotel-- will be operational by 2015, the
statement said.
SAROVAR HOTELS ENTERS AGRA, AJMER AND BEKAL
Tuesday, June 18, 2013
Signs properties that will come up in 2014
and 2015
Sarovar Hotels and
Resorts has entered Agra (Uttar Pradesh), Ajmer (Rajasthan) and Bekal (Kerala)
with the signing of one hotel in each city. The five-star Crystal Sarovar
Premiere in Agra will be a luxury property with 140 keys. To be
operational by 2014, it will be promoted by Shree Sharanam Real Estate Private
Limited, and located on Fatehabad Road. Facilities at the upcoming hotel will
include restaurants, lounge, meeting rooms, swimming pool, and a fitness
centre, a release stated.
Sarovar Portico, Ajmer will feature 60 rooms, restaurants, lounge, meeting
rooms, and a swimming pool. The three-star property will be promoted by Poonam
Madhani, and start functioning by 2015.
Lastly, the 48-key Sarovar Portico, Bekal will be the group’s second hotel in
Kerala after Vasundhara Sarovar Premiere. Promoted by P A Mahamood Haji, the
upcoming property will be operational by next year. It will offer modern
facilities like an all-day dining restaurant, lounge, banquets, shops and
swimming pool.
Commenting on the signing of these hotels Anil Madhok, Managing Director,
Sarovar Hotels and Resorts, said, “We are expanding aggressively to reach our
target of 100 hotels, which will be a milestone in the growth of our group.
With these properties in Ajmer, Agra and Bekal we aim to serve the tourists
with our warm hospitality and hope to exceed their expectations.”
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.61.54 |
|
|
1 |
Rs.101.08 |
|
Euro |
1 |
Rs.83.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
27 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.