MIRA
INFORM REPORT
|
Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHIVAM JEWELMART PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1131/33, Second Floor, |
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Country : |
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Financials (as
on) : |
31.03.2014 [Provisional] |
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|
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Date of
Incorporation : |
02.05.2011 |
|
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Com. Reg. No.: |
55-218426 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.950
Million |
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|
|
CIN No.: [Company Identification
No.] |
U36910DL2011PTC218426 |
|
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|
|
TIN No.: |
07886891159 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELS53646F |
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|
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PAN No.: [Permanent Account No.] |
AAQCS3302Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Trader of Loose Diamond and Gold Jewelllery. |
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|
|
|
No. of Employees
: |
12 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Even though the company was incorporated as on 02.05.2011, it has
commence its business operations from F.Y. 2013-2014. It is having a moderate
track record. As per available provisional financial statement of 2013-2014, the
company has achieved a decent turnover but profitability of the company seems
to be low. However, trade relations are reported to be improving. Business is
active. Payment terms are reported to be slow but correct. The company can be considered for business dealing with some caution. Note: Rating is based
on provisional financial statement of 2013-2014. |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
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. Mukesh Garg |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9250999111 |
|
Date : |
27.06.2014 |
LOCATIONS
|
Registered Office : |
1131/33, Second Floor, Main Road, Chandni Chowk, Delhi-110006, India |
|
Tel. No.: |
91-11-39908002/ 03 |
|
Mobile No.: |
91-9250999111 [Mr. Mukesh Garg] |
|
Fax No.: |
Not Available |
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E-Mail : |
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Showroom : |
2651, 1st Floor, Bank Street, Beadon
Pura, Karol Bagh,
Delhi-110005, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Vasu Garg |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
22-7, Road 7, East Punjabi Bagh, New
Delhi-110026, India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.04.2013 |
||||||||||||||||||||||||||||||||||||
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Din No.: |
06580824 |
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|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Gupta |
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|
Designation : |
Director |
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|
Address : |
AE-100, Block AE, Shalimar Bagh,
Delhi-110088, India |
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|
Date of Birth/Age : |
16.01.1972 |
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|
Date of Appointment : |
02.12.2013 |
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Din No.: |
01968822 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Mukesh Garg |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sanjay Gupta |
10000 |
10.53 |
|
Kailash Chand Gupta |
10000 |
10.53 |
|
Best Equity Shares Private Limited |
12500 |
13.15 |
|
Vardhan Metals Private Limited |
15000 |
15.79 |
|
Scope Equity Private Limited |
15000 |
15.79 |
|
Pallavi Portfolio Management Limited |
20000 |
21.05 |
|
Silversmith Marketing Private Limited |
12500 |
13.16 |
|
|
|
|
|
TOTAL
|
95000 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
78.96 |
|
Directors
or relatives of directors |
|
21.04 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Trader of Loose Diamond and Gold Jewelllery. |
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|
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|
Terms : |
|
|
Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and Others |
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No. of Employees : |
12 [Approximately] |
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Bankers : |
Axis Bank Limited, Chandni Chowk, Delhi-110006, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Pradeep Verma and
Company Chartered Accountants |
|
Address : |
305, Kiran Mansion, 4834/24, Daryaganj, Delhi – 110002, India |
|
PAN No: |
ABTPV8794L |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000 |
Equity Shares |
Rs.10/- each
|
Rs.0.950
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 [Provisional] |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.950 |
0.950 |
0.950 |
|
(b) Reserves &
Surplus |
16.284 |
14.113 |
14.183 |
|
(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) |
17.234 |
15.063 |
15.133 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
14.200 |
0.101 |
45.620 |
|
(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) |
14.200 |
0.101 |
45.620 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
29.234 |
0.000 |
0.247 |
|
(c) Other current
liabilities |
0.704 |
0.023 |
4.025 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
29.938 |
0.023 |
4.272 |
|
|
|
|
|
|
TOTAL |
61.372 |
15.187 |
65.025 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
14.842 |
64.628 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
0.000 |
14.842 |
64.628 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
13.137 |
0.000 |
0.000 |
|
(c) Trade receivables |
43.419 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
4.717 |
0.196 |
0.199 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
0.099 |
0.149 |
0.198 |
|
Total Current Assets |
61.372 |
0.345 |
0.397 |
|
|
|
|
|
|
TOTAL |
61.372 |
15.187 |
65.025 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 [Provisional] |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
397.965 |
0.000 |
0.000 |
|
|
Other Income |
0.005 |
0.000 |
0.000 |
|
|
TOTAL (A) |
397.970 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
394.670 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
0.395 |
0.000 |
0.000 |
|
|
Other expenses |
0.687 |
0.071 |
0.067 |
|
|
TOTAL (B) |
395.752 |
0.071 |
0.067 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
2.218 |
(0.071) |
(0.067) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.047 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.171 |
(0.071) |
(0.067) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
2.171 |
(0.071) |
(0.067) |
|
|
|
|
|
|
|
Less |
TAX (I) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
2.171 |
(0.071) |
(0.067) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
22.85 |
(0.74) |
(0.70) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 [Provisional] |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
0.55 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.55 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.54 |
(0.47) |
(0.10) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.82 |
0.01 |
3.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05 |
15.00 |
0.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 (Provisional) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.950 |
0.950 |
0.950 |
|
Reserves & Surplus |
14.183 |
14.113 |
16.284 |
|
Net worth |
15.133 |
15.063 |
17.234 |
|
|
|
|
|
|
long-term borrowings |
45.620 |
0.101 |
14.200 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
45.620 |
0.101 |
14.200 |
|
Debt/Equity ratio |
3.015 |
0.007 |
0.824 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 (Provisional) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
0.000 |
0.000 |
397.965 |
|
|
|
|
|
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 (Provisional) |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
0.000 |
0.000 |
397.965 |
|
Profit |
(0.067) |
(0.071) |
2.171 |
|
|
|
|
0.55% |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
|
Unsecured Loan |
31.03.2014 [Provisional] |
31.03.2013 |
|
|
Rs.
In Millions |
|
|
Long Term
Borrowings |
|
|
|
Loans and advances from related parties |
14.200 |
0.101 |
|
TOTAL
|
14.200 |
0.101 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
(Rs. In Million)
TO WHOM SOEVER IT
MAY CONCERN
This is to certify that the networth of Mr. Vasu Garg is as follows for the year ended 31.03.2014
|
S. NO. |
PARTICULARS |
AMOUNT |
|
|
|
|
|
1. |
Investment in Company |
11.100 |
|
|
TOTAL |
11.100 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
(Rs. In Million)
TO WHOM SOEVER IT
MAY CONCERN
This is to certify that the networth of Mr. Sanjay Gupta is as follows for the year
ended 31.03.2014
|
S. NO. |
PARTICULARS |
AMOUNT |
|
|
|
|
|
1. |
Investment in Company |
4.000 |
|
2. |
Jewellery |
1.500 |
|
3. |
Property at BK-1 Shalimar Bagh Delhi |
15.000 |
|
4. |
Property at 1094/1167, Kucha
Mahjani Delhi |
30.000 |
|
|
TOTAL |
50.500 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
VALUATION REPORT OF COMMERCIAL PROPERTY, LOCATED AT THIRD FLOOR, PVT
SHOP NO. 306, MUNICIPAL CORPORATION NO. 1094, MEASURING 100.95 SQ. FT. SUPER
AREA AND COVERED AREA 69.62 SQ. FT. SITUATED IN KUCHA NATWA, CHANDNI CHOWK,
DELHI – 110006
OWNER: MR. VASU GARG
|
PART I – GENERAL |
|
|
Purpose for which valuation is made |
Market Value For Bank Advance |
|
|
|
|
Dated as on which is made |
21/05/2014 |
|
|
|
|
Name of the owner/owners |
Mr. Vasu Garg |
|
|
|
|
If the property is under joint ownership/
co-ownership share of each owner, are the shares undivided? |
Sole |
|
|
|
|
Brief description of the property |
The property in question is 5 Storey Building,
build on Third Floor, PVT Shop No. 306, Municipal Corporation No. 1094,
Measuring 100.95 Sq. Ft. Super Area and Covered Area 69.62 Sq. Ft., situated
in Kucha Natwa, Chandni Chowk, Delhi-110006.
The Third Floor Consists of 1-Shop, Stair Case etc. The building were
constructed in the year 2012 and 100% area was covered. Kucha
Natwa, Chandni Chowk is a Commercial area and command a good price for
the property |
|
|
|
|
Location, Street Ward No. |
Situated in Kucha Natwa, Chandni Chowk, Delhi-110006 |
|
|
|
|
Survey/Plot No. of Land |
PVT Shop No. 306, Municipal Corporation
No-1094, Measuring 100.95 sq. ft. Super Area and Covered Area 69.62 Sq. Ft. |
|
|
|
|
Is the property situated in residential/
commercial mixed area/ industrial area |
Commercial |
|
|
|
|
Classification of Locality-high class Middle
class or Poor class |
Middle Class |
|
|
|
|
Proximity civic amenities like schools,
hospitals, office, market, cinema etc. |
All are available |
|
|
|
|
Means and proximity to surface communication
by which the locality is served |
By roads and public transport |
|
|
|
|
LAND |
|
|
Area of land supported by documentary proof,
shape, dimensions, and physical fetures |
Measuring 100.95 sq. ft. Super Area Covered
Area 69.62 Sq. Ft. The Plot is Located at Longitude 77º28’E Latitude 28º40’ N |
|
|
|
|
Road street or lane on which the land is
auditing |
As per Document and Site East: Common Passage West: Gali Below
and Other’s Property North: Other’s Shop South: Other’s Property |
|
|
|
|
Is it free hold or lease hold land |
Free-Hold |
|
|
|
|
Does the land fall in an area included in any
town planning of government or any statutory body? If so given particulars |
MCD |
|
|
|
|
IMPROVEMENTS |
|
|
Is the building owner
occupied/tenanted/both? |
Owner Occupied |
|
|
|
|
What is the floor space index permissible and
percentage actually utilized |
100% |
|
|
|
|
Give details of water and electricity
charges, if any, to be borne by the owners |
Owner to bear As per bill |
|
|
|
|
What is the amount of property tax? Who is
to bear it? |
Owner to bear Paid up to date |
|
|
|
|
SALES |
|
|
Land rate adopted in the valuation |
Rs.218000/- per sq. ft. for the shop cum
showroom as per the market rates and local inquiry made from area property
dealer’s and as per size, location and situation of the office. |
|
|
|
|
COST OF
CONSTRUCTION |
|
|
Year of commencement of construction and
year of completion |
2012 |
|
|
|
|
What was the method of construction? By
contract/ By daily labour/both? |
By Labour/
Contractor |
|
|
|
|
For items of work done by engaging labour directory, give basic rates of materials and labour supported by documentary proof |
Market rates are fluctuated from time to
time |
|
|
|
|
TECHNICAL
DETAILS |
|
|
No. of floors and height of each floor |
TF 10 Ft. Ht. |
|
|
|
|
Plinth area floor-wise (As per IS: 3861-1966) |
TF 100.95 sq. ft. Super Area |
|
|
|
|
Year of construction |
2012 |
|
|
|
|
Estimated future life |
75 years from the year of const. |
|
|
|
|
Type of construction load bearing walls/ RCC
Frame/ Steel Frame |
Load bearing walls RCC Pillar/ RCC Column |
|
|
|
|
Type of foundation |
Conventional |
|
|
|
|
Walls 1. Basement of Plinth 2. Ground Floor 3. Super Structure above Ground Floor |
Bricks |
|
|
|
|
Partitions |
Nil |
|
|
|
|
Doors and windows (Floor-wise) |
Rolling Shutter |
|
1. Ground Floor |
-- |
|
2. 1st Floor |
-- |
|
3. 3rd Floor |
Rolling Shutter |
|
|
|
|
Flooring (Floor-wise) |
Marble |
|
1. Ground Floor |
-- |
|
2. 1st Floor |
-- |
|
3. 3rd Floor |
Marble |
|
|
|
|
Finishing (Floor-wise) |
Superior Finish |
|
1. Ground Floor |
-- |
|
2. 1st Floor |
-- |
|
3. 3rd Floor |
Superior Finish |
|
|
|
|
Roofing and terracing |
RCC |
|
|
|
|
Internal wiring-surface of conduits |
Conduits |
|
Class of fitting superior/ordinary/poor |
-- |
|
|
|
|
Sanitary installation |
As per site |
|
|
|
|
Class of fittings, superior coloured/ superior white/ ordinary |
Superior |
|
|
|
|
Pumps No. and their horse power (Power Load) |
Load 2 KW |
|
|
|
|
Sewage disposal whether connected to public
sewers? If septic tanks provided, No. and Capacity |
Exists |
PART II – VALUATION
VALUATION REPORT OF COMMERCIAL PROPERTY, LOCATED AT THIRD FLOOR, PVT
SHOP NO. 306, MUNICIPAL CORPORATION NO. 1094, MEASURING 100.95 SQ. FT. SUPER
AREA AND COVERED AREA 69.62 SQ. FT. SITUATED IN KUCHA NATWA, CHANDNI CHOWK,
DELHI – 110006
Owner: Mr. Vasu Garg
Total Area: Super Area 100.95 Sq. Ft. and
Covered Area 69.62 Sq. Ft.
Purpose: Market Value For Bank Advance
Cost considering in view the CPWD schedule of
rates of DSR 2012
Valuation based on the properties in the
commercial area
Based on the information and date supplied by
the owner at site.
Composite rate method
Cost of construction, cost of undivided
Share of land and market good will of the
area.
The have adopted composite rate method for the
purpose of assessment of value of the above mentioned property. Composite rate
consist of cost of construction, cost of undivided share of land and cost of
market good will and other facilities etc.
Third Floor
Area 100.95 Sq. Ft. @ Rs.218000/- per Sq.
Ft. = Rs.22.007 Millions
Total = Rs.22.007 Millions
Say = Rs.22.000 Millions
Distress Sale Value:
If, in an emergency, the property is to be
disposed of
It will fetch a minimum price of 85%
Under adverse circumstances = Rs.18.700
Millions
VALUATION AS PER CIRCLE RATE
Kucha Natwa, Chandni Chowk, is E-Category Locality Rates are Rs.58400/- per sq
meter
Land 100.95 sq. ft. = 9.37 sq meter Divided by
5=1.87 sq meters Undivided share of land
1.87 sq meter X Rs.58400/- per sq meter X 3
for commercial Land = Rs.0.328 Million
Plus Cost of Construction
9.37 sq meter X Rs.9000/- per sq. meter
Commercial Constructed Portion
X.1 for year of const. = Rs.0.084 Million
Total = Rs.0.412 Million
Insurance Cover
For the purpose of Insurance Cover Rs.0.150
Million only may be taken as cost of construction and wood work.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
VALUATION REPORT OF COMMERCIAL PROPERTY, LOCATED AT THIRD FLOOR, PVT
SHOP NO. 305, MUNICIPAL CORPORATION NO. 1094, MEASURING 208.63 SQ. FT. SUPER
AREA AND COVERED AREA 143.88 SQ. FT. SITUATED IN KUCHA NATWA, CHANDNI CHOWK,
DELHI – 110006
OWNER: MR. SANJAY GUPTA
|
PART I – GENERAL |
|
|
Purpose for which valuation is made |
Market Value For Bank Advance |
|
|
|
|
Dated as on which is made |
21/05/2014 |
|
|
|
|
Name of the owner/owners |
Mr. Sanjay Gupta |
|
|
|
|
If the property is under joint ownership/ co-ownership
share of each owner, are the shares undivided? |
Sole |
|
|
|
|
Brief description of the property |
The property in question is 5 Storey
Building, build on Third Floor, PVT Shop No. 305, Municipal Corporation No.
1094, Measuring 208.63 Sq. Ft. Super Area and Covered Area 143.88 Sq. Ft.,
situated in Kucha Natwa, Chandni Chowk, Delhi-110006.
The Third Floor Consists of 1-Shop, Stair Case etc. The building were
constructed in the year 2012 and 100% area was covered. Kucha
Natwa, Chandni Chowk is a Commercial area and command a good price for
the property |
|
|
|
|
Location, Street Ward No. |
Situated in Kucha Natwa, Chandni Chowk, Delhi-110006 |
|
|
|
|
Survey/Plot No. of Land |
PVT Shop No. 305, Municipal Corporation No-1094,
Measuring 208.63 sq. ft. Super Area and Covered Area 143.88 Sq. Ft. |
|
|
|
|
Is the property situated in residential/
commercial mixed area/ industrial area |
Commercial |
|
|
|
|
Classification of Locality-high class Middle
class or Poor class |
Middle Class |
|
|
|
|
Proximity civic amenities like schools,
hospitals, office, market, cinema etc. |
All are available |
|
|
|
|
Means and proximity to surface communication
by which the locality is served |
By roads and public transport |
|
|
|
|
LAND |
|
|
Area of land supported by documentary proof,
shape, dimensions, and physical fetures |
Measuring 208.63 sq. ft. Super Area Covered
Area 143.88 Sq. Ft. The Plot is Located at Longitude 77º28’E Latitude 28º40’ N |
|
|
|
|
Road street or lane on which the land is
auditing |
As per Document and Site East: Common Passage West: Gali Below
and Other’s Property North: Other’s Shop South: Other’s Property |
|
|
|
|
Is it free hold or lease hold land |
Free-Hold |
|
|
|
|
Does the land fall in an area included in
any town planning of government or any statutory body? If so given
particulars |
MCD |
|
|
|
|
IMPROVEMENTS |
|
|
Is the building owner occupied/tenanted/both? |
Owner Occupied |
|
|
|
|
What is the floor space index permissible
and percentage actually utilized |
100% |
|
|
|
|
Give details of water and electricity
charges, if any, to be borne by the owners |
Owner to bear As per bill |
|
|
|
|
What is the amount of property tax? Who is
to bear it? |
Owner to bear Paid up to date |
|
|
|
|
SALES |
|
|
Land rate adopted in the valuation |
Rs.218000/- per sq. ft. for the shop cum
showroom as per the market rates and local inquiry made from area property
dealer’s and as per size, location and situation of the office. |
|
|
|
|
COST OF
CONSTRUCTION |
|
|
Year of commencement of construction and
year of completion |
2012 |
|
|
|
|
What was the method of construction? By
contract/ By daily labour/both? |
By Labour/
Contractor |
|
|
|
|
For items of work done by engaging labour directory, give basic rates of materials and labour supported by documentary proof |
Market rates are fluctuated from time to
time |
|
|
|
|
TECHNICAL
DETAILS |
|
|
No. of floors and height of each floor |
TF 10 Ft. Ht. |
|
|
|
|
Plinth area floor-wise (As per IS: 3861-1966) |
TF 208.63 sq. ft. Super Area |
|
|
|
|
Year of construction |
2012 |
|
|
|
|
Estimated future life |
75 years from the year of const. |
|
|
|
|
Type of construction load bearing walls/ RCC
Frame/ Steel Frame |
Load bearing walls RCC Pillar/ RCC Column |
|
|
|
|
Type of foundation |
Conventional |
|
|
|
|
Walls 1. Basement of Plinth 2. Ground Floor 3. Super Structure above Ground Floor |
Bricks |
|
|
|
|
Partitions |
Nil |
|
|
|
|
Doors and windows (Floor-wise) |
Rolling Shutter |
|
1. Ground Floor |
-- |
|
2. 1st Floor |
-- |
|
3. 3rd Floor |
Rolling Shutter |
|
|
|
|
Flooring (Floor-wise) |
Marble |
|
1. Ground Floor |
-- |
|
2. 1st Floor |
-- |
|
3. 3rd Floor |
Marble |
|
|
|
|
Finishing (Floor-wise) |
Superior Finish |
|
1. Ground Floor |
-- |
|
2. 1st Floor |
-- |
|
3. 3rd Floor |
Superior Finish |
|
|
|
|
Roofing and terracing |
RCC |
|
|
|
|
Internal wiring-surface of conduits |
Conduits |
|
Class of fitting superior/ordinary/poor |
-- |
|
|
|
|
Sanitary installation |
As per site |
|
|
|
|
Class of fittings, superior coloured/ superior white/ ordinary |
Superior |
|
|
|
|
Pumps No. and their horse power (Power Load) |
Load 2 KW |
|
|
|
|
Sewage disposal whether connected to public
sewers? If septic tanks provided, No. and Capacity |
Exists |
PART II – VALUATION
VALUATION REPORT OF COMMERCIAL PROPERTY, LOCATED AT THIRD FLOOR, PVT
SHOP NO. 305, MUNICIPAL CORPORATION NO. 1094, MEASURING 208.63 SQ. FT. SUPER AREA
AND COVERED AREA 143.88 SQ. FT. SITUATED IN KUCHA NATWA, CHANDNI CHOWK, DELHI –
110006
Owner: Mr. Sanjay Gupta
Total Area: Super Area 208.63 Sq. Ft. and
Covered Area 143.88 Sq. Ft.
Purpose: Market Value For Bank Advance
Cost considering in view the CPWD schedule of
rates of DSR 2012
Valuation based on the properties in the
commercial area
Based on the information and date supplied by
the owner at site.
Composite rate method
Cost of construction, cost of undivided
Share of land and market good will of the
area.
The have adopted composite rate method for the
purpose of assessment of value of the above mentioned property. Composite rate
consist of cost of construction, cost of undivided share of land and cost of
market good will and other facilities etc.
Third Floor
Area 208.63 Sq. Ft. @ Rs.218000/- per Sq.
Ft. = Rs.45.481 Millions
Total = Rs.45.481 Millions
Say = Rs.45.500 Millions
Distress Sale Value:
If, in an emergency, the property is to be
disposed of
It will fetch a minimum price of 85%
Under adverse circumstances = Rs.38.675
Millions
VALUATION AS PER CIRCLE RATE
Kucha Natwa, Chandni Chowk, is E-Category Locality Rates are Rs.58400/- per sq
meter
Land 208.63 sq. ft. = 19.38 sq meter Divided
by 5=3.87 sq meters Undivided share of land
3.87 sq meter X Rs.58400/- per sq meter X 3
for commercial Land = Rs.0.678 Million
Plus Cost of Construction
19.38 sq meter X Rs.9000/- per sq. meter
Commercial Constructed Portion
X.1 for year of const. = Rs.0.174 Million
Total = Rs.0.852 Million
Insurance Cover
For the purpose of Insurance Cover Rs.0.300
Million only may be taken as cost of construction and wood work.
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
VALUATION REPORT OF ENTIRE IMMOVABLE PROPERTY LOCATED AT PLOT NO. 166,
MEASURING 67.50 SQ. METERS (80.73 SQ. YARD), BLOCK BK-1, SHALIMAR BAGH, DELHI -
110088
OWNER: 1. MRS. SHOBHA DEVI GUPTA
2.
MR. SANJAY GUPTA
|
PART I – GENERAL |
|
|
Purpose for which valuation is made |
Market Value For Bank Advance |
|
|
|
|
Dated as on which is made |
26/05/2014 |
|
|
|
|
Name of the owner/owners |
Mrs. Shobha Gupta
and Mr. Sanjay Gupta |
|
|
|
|
If the property is under joint ownership/
co-ownership share of each owner, are the shares undivided? |
Sole |
|
|
|
|
Brief description of the property |
The property in question is 5 Storey
Building, build on Third Floor, PVT Shop No. 305, Municipal Corporation No.
1094, Measuring 67.50 Sq. Ft. (80.73 sq. yard), Shalimar Bagh,
Delhi. The FG Consists of 1-BR, 1-DR, 1-Kitchen, 1-Toilet cum Bathroom,
Balcony, Common Stair Case etc. The building was constructed in the year
1981-82 Renovation From time to time and 75% area was covered. Shalimar Bagh is a residential area, commands a good price for the
property, being in the vicinity of Opp. Keela Godown and Fortis Hospital etc.
|
|
|
|
|
Location, Street Ward No. |
Block-BK-1, Shalimar Bagh,
New Delhi |
|
|
|
|
Survey/Plot No. of Land |
Plot No. 166, Measuring 67.50 sq. meters
80.73 sq. yards. |
|
|
|
|
Is the property situated in residential/
commercial mixed area/ industrial area |
Mix Use Land, Residential Use |
|
|
|
|
Classification of Locality-high class Middle
class or Poor class |
Middle Class |
|
|
|
|
Proximity civic amenities like schools,
hospitals, office, market, cinema etc. |
All are available |
|
|
|
|
Means and proximity to surface communication
by which the locality is served |
By roads and public transport |
|
|
|
|
LAND |
|
|
Area of land supported by documentary proof,
shape, dimensions, and physical fetures |
Measuring 67.50 sq. meters (80.73 sq. yards)
The Plot is Located at Longitude 77º28’E Latitude 28º40’ N |
|
|
|
|
Road street or lane on which the land is
auditing |
As per Site East: Road 80 Ft. West: Service Lane North: Plot No. 167 South: Plot No. 165 |
|
|
|
|
Is it free hold or lease hold land |
Free-Hold |
|
|
|
|
Does the land fall in an area included in
any town planning of government or any statutory body? If so given
particulars |
MCD |
|
|
|
|
IMPROVEMENTS |
|
|
Is the building owner
occupied/tenanted/both? |
Owner Occupied |
|
|
|
|
What is the floor space index permissible
and percentage actually utilized |
75% |
|
|
|
|
Give details of water and electricity
charges, if any, to be borne by the owners |
Owner to bear As per bill |
|
|
|
|
What is the amount of property tax? Who is
to bear it? |
Property Tax Paid to MCD |
|
|
|
|
SALES |
|
|
Land rate adopted in the valuation |
Rs.400000/- per sq. yard. As per the market rates
and local enquiry made from area property dealer’s and as per size, location
and situation of the plot. |
|
|
|
|
COST OF
CONSTRUCTION |
|
|
Year of commencement of construction and
year of completion |
1981-82, Renovation From time to time |
|
|
|
|
What was the method of construction? By
contract/ By daily labour/both? |
By Labour/
Contractor |
|
|
|
|
For items of work done by engaging labour directory, give basic rates of materials and labour supported by documentary proof |
Market rates are fluctuated from time to
time |
|
|
|
|
TECHNICAL
DETAILS |
|
|
No. of floors and height of each floor |
GF and FF 10 ft. Height |
|
|
|
|
Plinth area floor-wise (As per IS: 3861-1966) |
GF 545 sq. ft. and FF 545 sq. ft. |
|
|
|
|
Year of construction |
1981-82, Renovation from time to time |
|
|
|
|
Estimated future life |
75 years from the year of const. |
|
|
|
|
Type of construction load bearing walls/ RCC
Frame/ Steel Frame |
Load bearing walls RCC Pillar/ RCC Column |
|
|
|
|
Type of foundation |
Conventional |
|
|
|
|
Walls 1. Basement of Plinth 2. Ground Floor 3. Super Structure above Ground Floor |
9 Bricks |
|
|
|
|
Partitions |
Nil |
|
|
|
|
Doors and windows (Floor-wise) |
Teak Wood/ Iron Gate |
|
1. Ground Floor |
Teak Wood/ Iron Gate |
|
2. 1st Floor |
Teak Wood/ Iron Gate |
|
3. 2rd Floor |
-- |
|
|
|
|
Flooring (Floor-wise) |
Marble |
|
1. Ground Floor |
Marble |
|
2. 1st Floor |
Marble |
|
3. 2rd Floor |
-- |
|
|
|
|
Finishing (Floor-wise) |
Superior Finish |
|
1. Ground Floor |
Superior Finish |
|
2. 1st Floor |
Superior Finish |
|
3. 2rd Floor |
-- |
|
|
|
|
Roofing and terracing |
RCC |
|
|
|
|
Internal wiring-surface of conduits |
Conduits |
|
Class of fitting superior/ordinary/poor |
-- |
|
|
|
|
Sanitary installation |
As per site |
|
|
|
|
No. of water closets |
2 |
|
No. of wash basins |
2 |
|
No. of urinals |
2 |
|
No. of sinks |
2 |
|
No. of geysers |
1 |
|
|
|
|
Class of fittings, superior coloured/ superior white/ ordinary |
Superior |
|
|
|
|
Compound wall |
8 ft. Height |
|
1. Height and Length |
50 Running Ft. |
|
2. Type of construction |
BCC |
|
|
|
|
Underground pump capacity and type of
construction |
1-HP Lift Pump |
|
|
|
|
Overhead Tanks |
Overhead Tank |
|
Where Located |
On the Roof |
|
Capacity |
1000 Liters |
|
Type of Constitution |
Polymer |
|
|
|
|
Pumps No. and their horse power (Power Load) |
Load 1 KW |
|
|
|
|
Sewage disposal whether connected to public
sewers? If septic tanks provided, No. and Capacity |
Exists |
PART II – VALUATION
VALUATION REPORT OF ENTIRE IMMOVABLE PROPERTY LOCATED AT PLOT NO. 166, MEASURING
67.50 SQ. METERS (80.73 SQ. YARD), BLOCK BK-1, SHALIMAR BAGH, DELHI – 110088
OWNER: 1. MRS. SHOBHA DEVI GUPTA
2.
MR. SANJAY GUPTA
Total Area: 67.50 sq. meters (80.73 sq. yards)
Purpose: Market value for bank advance
Cost considering in view the CPWD schedule of
rates of DSR 2012
Valuation based on the properties in the Mixed
Use Land, Residential Area
Based on the information and data supplied by
the owner at site.
COST OF CONSTRUCTION:
Ground Floor:
Covered Area 545 sq. ft. @ Rs.1400/- per sq.
ft = Rs.0.763 Million
First Floor:
Covered Area 545 sq. ft. @ Rs.1400/- per Sq.
ft. = Rs.0.763 Million
Cost of compound wall and Iron Gate Lupmsum = Rs.0.080 Million
Total = Rs.1.606 Millions
Less: Depreciation 50% = Rs.
0.803 Million
Total = Rs.0.803 Million [A]
COST OF LAND:
80.73 sq. yard (67.50 sq. meter) @ Rs.400000/-
per sq. yard = Rs.32.292 Millions [B]
Total of A + B = Rs.33.095 Millions
Say = Rs.33.100 Millions
DISTRESS SALE VALUE:
If, in an emergency, the property is to be
disposed of
It will fetch a minimum price of Rs.26.500
Millions
VALUATION AS PER CIRCLE RATE
Shalimar Bagh is
D-Category Locality Rate are Rs.106400/- per sq. meter
67.50 sqm X
Rs.106400/- per sq. meter = Rs.7.182 Millions
Cost of Construction
Area 101 sq. meter X Rs.9300/- per sq. meter =
Rs.0.939 Million
Total = Rs.8.121 Millions
INSURANCE COVER
For the purpose of Insurance Cover Rs.0.800
Million only may be taken as cost of construction and wood work etc.
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 records 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.60.10 |
|
|
1 |
Rs.102.32 |
|
Euro |
1 |
Rs.82.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.