MIRA
INFORM REPORT
|
Report Date : |
07.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
S.L.V. PROJECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 141, Krishna Arcade, Beside Royal Concord School, Outer Ring Road, Chelikere, Kalyan Nagar, Bangalore – 560043, Karnataka |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
20.07.2006 |
|
|
|
|
Com. Reg. No.: |
08-040003 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70102KA2006PTC040003 |
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|
|
PAN No.: [Permanent Account No.] |
AAKCS0946E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Real Estate Developers |
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No. of Employees
: |
8 (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 |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company has not earned income from operations during financial
year 2014 due to project of the company is under construction. As claimed by Mr. B.R. Rao, Auditor that company has undertaken a
project of building residential premises and it will get completed by end of
2014. Rating takes into consideration of company’s moderate scale of
business operations and risk inherent in infrastructure development industry. However, trade relations are fair. Business is active. Payments are
reported to be slow. The company can be considered for business dealing 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains revenue
guidance. COO Rao says attrition still an area of concern and it would take a
few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had willfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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 PARTED BY
|
Name : |
Mr. S. Nagraj |
|
Designation : |
Manager |
|
Contact No.: |
91-8123466555 |
|
Date : |
06.10.2014 |
LOCATIONS
|
Registered Office : |
No. 141, Krishna Arcade, Beside Royal Concord School, Outer Ring Road, Chelikere, Kalyan Nagar, Bangalore – 560043, Karnataka, India |
|
Tel. No.: |
91-80-41646333 |
|
Mobile No.: |
91-9886262148 [Mr. Murali Naidu Guntur] 91-8123466555 [Mr. S. Nagraj] |
|
Fax No.: |
91-80-41646333 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Rented |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Murali Naidu Guntur |
|
Designation : |
Managing director |
|
Address : |
No.3, Sri Hari No. 416, 7A Main HRBR Layout, Kalyan Nagar, Bangalore –
560043, Karnataka, India |
|
Date of Birth/Age : |
01.06.1976 |
|
Qualification : |
B. Com |
|
Experience : |
14 Years |
|
Date of Appointment : |
20.07.2006 |
|
Brief Description : |
Mr. Murali Naidu graduated with a B.Com and has been associated with the real estate sector since 10 years and has been involved in several real estate ventures. He is the driving force behind the Company’s initiatives. |
|
PAN No.: |
AHHPG6246L |
|
DIN No.: |
01900050 |
|
|
|
|
Name : |
Mr. Guntur Krishnama Rajagopal Naidu |
|
Designation : |
Director |
|
Address : |
No. 401, SLV Uniworth Classic, 4th Block, HBR Layout,
Bangalore – 560043, Karnataka, India |
|
Date of Birth/Age : |
12.02.1980 |
|
Qualification : |
B.A. |
|
Date of Appointment : |
20.07.2006 |
|
Brief Description : |
Mr. Rajagopal Naidu graduated with a B.A. He has over 10 years of experience in the real estate sector. |
|
PAN No.: |
AHHPG6247M |
|
DIN No.: |
02593458 |
KEY EXECUTIVES
|
Name : |
Mr. S. Nagraj |
|
Designation : |
Manager |
|
|
|
|
Name : |
Mrs. G. Kavitha Rajagopal |
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Designation : |
H.R |
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|
Name : |
Mr. G. Nagaraj |
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Designation : |
Senior Engineer |
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|
Name : |
Mr. Sunil |
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Designation : |
Site Engineer |
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|
Name : |
Mr. Obula Narasimiah |
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Designation : |
Site Engineer |
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|
|
Name : |
Mr. I.A. Khan |
|
Designation : |
Site Engineer |
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|
|
|
Name : |
Mr. C. Vinay Kumar |
|
Designation : |
Assistant Engineer |
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|
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|
Name : |
Mr. Sridhar |
|
Designation : |
Site Engineer |
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|
Name : |
Mr. Prakash |
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Designation : |
Electrical Engineer |
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Name : |
Mr. Krishna |
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Designation : |
Site Engineer |
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|
Name : |
Mr. Sanjay Giri Gowswamy |
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Designation : |
Site Engineer |
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|
Name : |
Mr. Shankar |
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Designation : |
Site Engineer |
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|
Name : |
Mr. Chandrashekar |
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Designation : |
Accountant |
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|
Name : |
Mr. Praveen |
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Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
G Murali Naidu |
1000000 |
50.00 |
|
Guntur Krishnama Rajagopalnaidu |
1000000 |
50.00 |
|
|
|
|
|
Total |
2000000 |
100.00 |
AS ON 31.03.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Developers |
GENERAL INFORMATION
|
No. of Employees : |
8 (Approximately) |
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Bankers : |
· Karnataka Bank Banaswadi Branch, Banaswadi, Bangalore - 560043, Karnataka, India · State Bank of India Bangalore Focal Point Branch, Bangalore, Karnataka, India · Oriental Bank of Commerce HRBR Layout Branch,
No.9, H Main, 1st Block, HRBR Layout, Bangalore - 560043, Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
E R S Kumar and Associates Chartered Accountants |
|
Address : |
No.80/1, Old No.49, K H Road, Bangalore – 560027, Karnataka, India |
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Telefax : |
91-80-22236024 |
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Mobile No.: |
91-9480321318 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFE3485B |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 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 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.000 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
19.173 |
18.501 |
17.690 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
53.394 |
18.577 |
19.287 |
|
Total Shareholders’
Funds (1) + (2) |
92.567 |
37.178 |
37.077 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
23.309 |
4.153 |
2.487 |
|
(b) Deferred tax liabilities (Net) |
0.611 |
0.375 |
0.299 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.726 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
23.920 |
4.528 |
3.512 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
6.271 |
0.000 |
2.727 |
|
(c)
Other current liabilities |
1.293 |
2.226 |
0.653 |
|
(d) Short-term
provisions |
0.907 |
1.087 |
1.294 |
|
Total Current
Liabilities (4) |
8.471 |
3.313 |
4.674 |
|
|
|
|
|
|
TOTAL |
124.958 |
45.019 |
45.263 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
12.132 |
6.778 |
4.632 |
|
(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 |
51.134 |
26.412 |
22.812 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
63.266 |
33.190 |
27.444 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
59.679 |
9.251 |
14.765 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
2.003 |
2.572 |
2.322 |
|
(e)
Short-term loans and advances |
0.010 |
0.006 |
0.732 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
61.692 |
11.829 |
17.819 |
|
|
|
|
|
|
TOTAL |
124.958 |
45.019 |
45.263 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
0.000 |
9.146 |
43.539 |
|
|
|
Other Income |
6.887 |
5.638 |
24.376 |
|
|
|
TOTAL (A) |
6.887 |
14.784 |
67.915 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
51.385 |
4.268 |
33.788 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(50.428) |
5.514 |
22.006 |
|
|
|
Employees benefits expense |
1.331 |
1.608 |
1.482 |
|
|
|
Other expenses |
1.583 |
1.362 |
6.374 |
|
|
|
TOTAL (B) |
3.871 |
12.752 |
63.650 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.016 |
2.032 |
4.265 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.716 |
0.290 |
0.341 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.300 |
1.742 |
3.924 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.159 |
0.557 |
0.538 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.141 |
1.185 |
3.386 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.469 |
0.373 |
1.104 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.672 |
0.812 |
2.282 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.34 |
81.16 |
228.22 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
9.76 |
5.49 |
3.36 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00 |
12.96 |
7.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.91 |
2.63 |
7.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.03 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.25 |
0.11 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.28 |
3.57 |
3.81 |
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 |
0.100 |
0.100 |
20.000 |
|
Reserves & Surplus |
17.690 |
18.501 |
19.173 |
|
Share Application money pending allotment |
19.287 |
18.577 |
53.394 |
|
Net
worth |
37.077 |
37.178 |
92.567 |
|
|
|
|
|
|
Long-term borrowings |
2.487 |
4.153 |
23.309 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2.487 |
4.153 |
23.309 |
|
Debt/Equity ratio |
0.067 |
0.112 |
0.252 |
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 |
43.539 |
9.146 |
0.000 |
|
|
|
(78.994) |
(100.000) |
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 |
43.539 |
9.146 |
0.000 |
|
Profit |
2.282 |
0.812 |
0.672 |
|
|
5.24% |
8.88% |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF TOTAL INCOME
SLV PROJECTS PRIVATE
LIMITED
(RS. IN MILLIONS)
|
PARTICULARS |
SCHEDULE NO. |
31.03.2014 |
||
|
|
|
|
|
|
|
v INCOME FROM HOUSE PROPERTY |
|
|
|
|
|
|
|
|
|
|
|
Let-out properties |
1 |
|
|
|
|
Property 1: 1 |
|
|
|
|
|
Gross annual value |
|
|
0.600 |
|
|
Less: Municipal Taxes |
|
|
0.000 |
|
|
|
|
|
|
|
|
Net annual value |
|
|
0.600 |
|
|
Less: Standard deduction u/s 24(a) |
|
|
0.180 |
|
|
|
|
|
|
|
|
Net Income from Property1 |
|
|
0.420 |
|
|
|
|
|
|
|
|
Income
chargeable under the head “House Property” |
|
|
|
0.420 |
|
|
|
|
|
|
|
v PROFITS AND GAINS OF BUSINESS OR PROFESSION |
|
|
|
|
|
|
|
|
|
|
|
Business1 |
|
|
|
|
|
Net Profit before tax as per P and L A/c |
|
|
1.141 |
|
|
Add: Inadmissible expenses and Income not included |
|
|
|
|
|
Depreciation debited to P and L A/c |
|
1.159 |
|
|
|
|
|
|
|
|
|
Expenses considered under other heads |
2 |
0.404 |
1.563 |
|
|
|
|
|
|
|
|
|
|
|
2.704 |
|
|
|
|
|
|
|
|
Less: Deductible expenditure and income to be executed |
|
|
|
|
|
Incomes considered separately |
3 |
|
0.672 |
|
|
|
|
|
|
|
|
Adjusted Profit from Business1 |
|
|
2.032 |
|
|
|
|
|
|
|
|
Total income from Business and Profession |
|
|
2.032 |
|
|
|
|
|
|
|
|
Less: Depreciation as per IT Act |
9 |
|
1.922 |
|
|
|
|
|
|
|
|
Income
chargeable under the head “Business and Profession” |
|
|
|
0.110 |
|
|
|
|
|
|
|
v INCOME FROM OTHER SOURCES |
|
|
|
|
|
|
|
|
|
|
|
FD with Karnataka Bank |
4 |
|
0.072 |
|
|
|
|
|
|
|
|
Income chargeable
under the head “Other Sources” |
|
|
|
0.072 |
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
v TOTAL INCOME |
|
|
|
0.602 |
|
|
|
|
|
|
|
Total Income rounded off u/s 288A |
|
|
|
0.602 |
|
|
|
|
|
|
|
v TAX ON TOTAL INCOME |
5 |
|
|
0.181 |
|
|
|
|
|
|
|
Add: Education Cess |
|
|
|
0.005 |
|
|
|
|
|
________ |
|
|
|
|
|
|
|
Tax with cess |
|
|
|
0.186 |
|
|
|
|
|
|
|
Minimum alternative tax |
6 |
|
0.217 |
|
|
|
|
|
|
|
|
Tax credit C/F u/s 115JAA |
|
0.031 |
|
|
|
[Schedule 7] |
|
|
|
________ |
|
|
|
|
|
|
|
Tax payable u/s 115JB |
|
|
|
0.217 |
|
|
|
|
|
|
|
Relief u/s 90 to 91 |
|
|
|
________ |
|
|
|
|
|
|
|
Net Tax |
|
|
|
0.217 |
|
|
|
|
|
|
|
TDS |
7 |
|
0.007 |
|
|
|
|
|
|
|
|
Total prepaid taxes |
|
|
|
0.007 |
|
|
|
|
|
________ |
|
|
|
|
|
|
|
Balance Tax |
|
|
|
0.210 |
|
|
|
|
|
|
|
Interest u/s 234B |
|
|
0.013 |
|
|
|
|
|
|
|
|
Interest u/s 234C |
|
|
0.010 |
0.023 |
|
|
|
|
|
________ |
|
|
|
|
|
|
|
Net Tax Payable |
|
|
|
0.233 |
|
|
|
|
|
|
|
Self-assessment tax paid |
8 |
|
|
0.233 |
|
|
|
|
|
________ |
|
|
|
|
|
|
|
v BALANCE TAX PAYABLE |
|
|
|
0.000 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF PROJECTED
SALES AND PROFITABILITY
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
|
|
|
|
|
Sales |
110.000 |
486.000 |
590.200 |
216.200 |
|
|
|
|
|
|
|
Other Income |
7.500 |
10.000 |
10.000 |
7.500 |
|
|
|
|
|
|
|
Total |
117.500 |
496.000 |
600.200 |
223.700 |
|
|
|
|
|
|
|
Opening Stock + WIP |
50.428 |
51.928 |
53.728 |
55.888 |
|
|
|
|
|
|
|
Purchases-Materials |
40.700 |
179.820 |
218.374 |
51.497 |
|
|
|
|
|
|
|
Other Direct Expenses |
38.500 |
170.100 |
206.570 |
48.285 |
|
|
|
|
|
|
|
Closing Stock + WIP |
51.928 |
53.728 |
55.888 |
0.006 |
|
|
|
|
|
|
|
Gross Profit |
39.800 |
147.880 |
177.410 |
68.038 |
|
|
|
|
|
|
|
Salaries |
1.500 |
1.800 |
2.160 |
2.592 |
|
|
|
|
|
|
|
3% Selling and Administrative Expenses |
3.300 |
14.580 |
17.706 |
6.486 |
|
|
|
|
|
|
|
Interest- OBC |
3.474 |
4.094 |
0.927 |
-- |
|
|
|
|
|
|
|
Interest- BOI |
-- |
6.400 |
9.800 |
1.800 |
|
|
|
|
|
|
|
Interest- Others |
3.341 |
3.840 |
3.584 |
3.196 |
|
|
|
|
|
|
|
Depreciation |
1.132 |
1.027 |
0.929 |
0.843 |
|
|
|
|
|
|
|
Profit before Tax (PBT) |
28.189 |
116.139 |
142.304 |
53.121 |
|
|
|
|
|
|
|
Income Tax |
8.710 |
35.875 |
43.972 |
16.414 |
|
|
|
|
|
|
|
Profit after Tax (PAT) |
19.479 |
80.264 |
98.332 |
36.707 |
|
|
|
|
|
|
|
Repayment - OBC |
-- |
13.000 |
19.500 |
-- |
|
|
|
|
|
|
|
Repayment - BOI |
-- |
-- |
50.000 |
30.000 |
|
|
|
|
|
|
|
Repayment - Vehicle Loan |
1.800 |
1.800 |
1.800 |
1.800 |
|
|
|
|
|
|
|
DSCR |
3.18 |
3.28 |
1.33 |
1.19 |
|
|
|
|
|
|
|
ISCR |
4.02 |
6.67 |
7.94 |
8.52 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEETS
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
Bank |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Sundry Creditors |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Other Creditors |
10.400 |
12.400 |
14.800 |
-- |
|
|
|
|
|
|
|
Provisions |
1.500 |
3.600 |
4.400 |
1.600 |
|
|
|
|
|
|
|
Sub Total |
11.900 |
16.000 |
19.200 |
1.600 |
|
|
|
|
|
|
|
Vehicle loans |
6.959 |
5.159 |
3.359 |
2.459 |
|
|
|
|
|
|
|
Term loans |
82.500 |
99.500 |
30.000 |
-- |
|
|
|
|
|
|
|
Unsecured loan |
20.000 |
20.000 |
20.000 |
20.000 |
|
|
|
|
|
|
|
Deferred Tax liabilities |
0.747 |
0.875 |
0.995 |
1.055 |
|
|
|
|
|
|
|
Sub Total |
110.206 |
125.534 |
54.354 |
23.514 |
|
|
|
|
|
|
|
Equity |
60.000 |
60.000 |
60.000 |
60.000 |
|
|
|
|
|
|
|
Share Applicant Money |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Reserves |
38.652 |
118.916 |
217.348 |
254.055 |
|
|
|
|
|
|
|
Sub Total |
98.652 |
178.916 |
277.348 |
314.055 |
|
|
|
|
|
|
|
GRAND TOTAL |
220.758 |
320.450 |
350.902 |
279.169 |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank |
0.068 |
1.598 |
2.083 |
2.618 |
|
|
|
|
|
|
|
Sundry Debtors |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Loan and Advances |
51.002 |
66.050 |
22.874 |
2.894 |
|
|
|
|
|
|
|
Inventory |
150.302 |
184.373 |
51.445 |
-- |
|
|
|
|
|
|
|
Sub Total |
201.402 |
302.021 |
76.402 |
5.512 |
|
|
|
|
|
|
|
Land |
-- |
50.000 |
257.000 |
257.000 |
|
|
|
|
|
|
|
Machinery and Equipments |
12.133 |
11.001 |
9.974 |
9.045 |
|
|
|
|
|
|
|
Less: Deposits |
1.132 |
1.027 |
0.929 |
0.843 |
|
|
|
|
|
|
|
Net Block |
11.001 |
59.974 |
266.045 |
265.202 |
|
|
|
|
|
|
|
Sub Total |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Non-Current Assets |
5.950 |
5.950 |
5.950 |
5.950 |
|
|
|
|
|
|
|
Security Deposits |
2.505 |
2.505 |
2.505 |
2.505 |
|
|
|
|
|
|
|
Sub Total |
8.455 |
8.455 |
8.455 |
8.455 |
|
|
|
|
|
|
|
******** |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
******** |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
******** |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
GRAND TOTAL |
220.758 |
320.450 |
350.902 |
279.169 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. G. MURALI NAIDU
[MANAGING DIRECTOR: M/S. SLV PROJECTS PRIVATE LIMITED]
[ADDRESS: NO. 28, ADHYA NILAYA, II B CROSS, NARAYANAPPA LAYOUT,
SUBBAYYANAPALYA EXTENSION, KALYAN NAGAR, BANGALORE – 560043]
(RS. IN MILLIONS)
|
PARTICULARS |
16.09.2014 |
|
1. Immovable
Properties |
|
|
Land and Residential Properties |
|
|
|
|
|
a) Sy. No. 11/1, Nanappanahalli Viillage, Begur, Hobli, Bangalore
South Taluk, Extent 87120 Sq. ft. |
330.000 |
|
|
|
|
b) Sy. No. 1160, Singirigunta Village, Chowdepalli Mandal, Extant 4
Acres |
2.600 |
|
|
|
|
2. Investment |
|
|
Investments on SLV Projects Private Limited |
10.000 |
|
|
|
|
3. Cash and Bank Balances |
0.200 |
|
|
_______ |
|
|
|
|
|
342.800 |
|
|
|
|
Less: Loans and Other
Liabilities |
9.950 |
|
|
|
|
NETWORTH AS AT
16.09.2014 |
332.850 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. G.K. RAJAGOPAL NAIDU
[DIRECTOR: M/S. SLV PROJECTS PRIVATE LIMITED]
[ADDRESS: FLAT NO. 401, SLV UNIWORTH CLASSIC, 5TH CROSS, 4TH BLOCK,
HRBR LAYOUT, BANGALORE – 560043]
(RS. IN MILLIONS)
|
PARTICULARS |
16.09.2014 |
|
1. Immovable
Properties |
|
|
Land and Residential Properties |
|
|
|
|
|
a) Sy. No. 107, Mahadevapura, BBMP Katha No. 594/248, Extent: 9802 Sq.
ft. |
17.104 |
|
|
|
|
b) Sy. No. 107, Mahadevapura, BBMP Katha No. 999/36/107, Extent 6534
Sq. ft. |
11.435 |
|
|
|
|
c) Sy. No. 107, Mahadevapura, BBMP Katha No. 294/248, Extent 9800 Sq.
ft. |
17.150 |
|
|
|
|
1/3rd Share of above Property Total |
15.230 |
|
|
|
|
2. Investment |
|
|
Investments on SLV Projects Private Limited |
10.000 |
|
|
|
|
3. Cash and Bank Balances |
0.750 |
|
|
_________ |
|
|
|
|
|
25.980 |
|
|
|
|
Less: Loans and Other
Liabilities |
9.950 |
|
|
|
|
NETWORTH AS AT
16.09.2014 |
16.030 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
(GENERAL DETAILS)
|
This valuation is undertaken based upon request from |
Bank of India, MCB |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Property owned by |
Mr. G. Murali
Naidu Alias Murali w/o Mr. Krishnama Naidu 28, 2nd Cross Nagappa Layout, Kalyan Nagar Post, Bangalore
– 560043, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Purpose of valuation |
Collateral security to avail loan |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Date of valuation |
13.09.2014 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Brief description of the property under valuation |
Residential |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
List of documents produced |
Photo Copy of Sale Deed |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Address of the property valued |
Old Sy No. 55, New Sy No. 74, Binnamangala Village, Kasaba Hobli,
Devanahalli Taluk, Bangalore Rural District, Vijayapura Road, Near TO Jain
Temple, Devanahalli |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Survey Number details Plot No./ Nagar/ S.F. No. / T.S. No./ R.S. No. |
Sy Nos 74 Sy No. 74, Area 1A – 11G Out of which it is reported 10 Guntas of land has been earnmarked for
road widening Net Area 1A-1 G Converted for Residential use Vide No. ALN[D.K.] SR 70/2010-11 Dated 13.03.2014 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Boundaries of the property |
|
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Property occupied |
Vacant Land |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
LAND Value of land is estimated based on the prevalent trend and recent sale
instances of land with almost similar characteristics of the subject site. |
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Extent of site [least of 1a and 1b] 1 acre = 40 Guntas |
1A-1G |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
CHARACTERISTICS OF SITE |
|
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Character of locality [Residential/ Commercial/ Agricultural/ Industrial] |
Residential |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Classification [Aristocrat/ Upper/ Middle class/ Poor] |
Middle Class |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Development of surrounding [Fully developed/ partially developed/ under] |
Developed |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Is the locality subjected to frequent flooding |
No |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Feasibility to the civic amenities like School, Hospitals, Offices,
markets, etc. [Nearby/ Moderate distance/ Far away] |
Near by |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Level of land with topographical conditions [level/ undulated/ normal/
sloping] |
Leveled Plot |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Shape of land [Rectangular/ Regular/ Irregular] |
Rectangular |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Type of use to which can be put [Residential/ Commercial/ Mixed] |
Residential |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Whether leasehold/ freehold |
N.A. |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Is it in town planning approved layout |
-- |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Is it corner plot |
No |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Road facilities |
Yes |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Water potentiality |
Available |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Underground sewerage system |
Available |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Commercial potentially of the property [Poor/ Fair/ Good/ Bright/
Excellent] |
Good |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Any other sentimental/ social issue which may affect the value |
No |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Prevailing unit market rate |
Rs. 1500 per Sq. ft. |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Market value of the site |
Rs. 66.974 Millions |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
About the locality: The land is located in a very good residential
locality. This Property is Abutting Devanahalli-Vijayapura Shidlaghtta Main Road ABSTRACT VALUE
CERTIFICATES 1)
The present market value of the above property
with the existing conditions and specifications as on with opinion is Rs.
66.974 Millions. 2)
The Property is personally inspected. 3)
Forced Sale Value is 80% of the Market Value Rs.
53.579 Millions. 4)
Guideline Value Rs. 31.924 Millions. |
|||||||||||||||||||||||||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
Subject was
established in 2001/02, in response to the growing need for quality housing in
the metropolitan city. Since then, the Group has grown to be one of the leading Developers. Serving
the needs of a discerning client.
Today, the SLV Projects Private Limited commands over 10 years of construction
expertise. They have completed 10 residential projects. They currently have
their residential projects covering approximately 2,27,500 sq. ft. of Saleable
Area.
Their vision is to build a
future wherein the SLV Projects Private Limited is a household name across the
country and is known worldwide for development and marketing of a fine living
environment with highest quality and unmatched value-for-money.
All their endeavors at SLV Projects revolve around just one entity - their
customers. It is their needs, ideas and demands that drive them. And once they
are a part of SLV family, they continue to remain at the center of their
universe.
A highly customer
driven company, SLV Projects aims is to provide top quality construction
services to a large client. In fact, SLV Project is a standing testimony to the
Group’s basic approach of upholding excellent standards in design and
construction. In their execution, all projects therefore bear the
characteristic - technical excellence, impeccable quality, airy and spacious
accommodation, and completion on schedule, clear titles and a concern for
ecology.
In fact, it commands more: the priceless trust of customers, workforce and the
society at large.
Their leaders and
employees are their vital assets. People with relentless passion, superior
skills and far-sighted vision.
If SLV Projects today is a strong, gracious edifice that towers above the rest,
the building blocks have been its people. Especially the principle factors
behind it all Mr. Murali Naidu, the company's Chairman and Managing Director.
Under his inspired leadership, the SLV Projects has made impressive strides in
the field of development and construction.
A highly
professional company, the SLV Projects Private Limited is backed by an in-house
team of talented and enthusiastic professionals - engineers, architects,
marketing executives, administrators and accountants - dedicated solely to
setting excellent standards in design and construction. Moreover, some of
India's leading architects offer their services as consultants here, bringing
with them an experience and expertise which is unmatched in the real estate
industry. Today, the Group's development activities range from modern designer
apartments, through ultra-modern and multi-functional integrated bungalow.
THEIR SUCCESSFULLY
COMPLETED PROJECTS:
|
1. SLV MANOR Behind Royal Concorde School Outer Ring Road, Kalyan Nagar, Bangalore, Karnataka, India |
2. SLV PARADISE Malleshpalya, New Tippsandara Post Bangalore, Karnataka, India |
|
3. SLV HOMES Girinagara, BSK 3rd Stage, Bangalore, Karnataka, India |
4. SLV MANSION Basavanagara HAL Port, Bangalore, Karnataka, India |
|
5. SLV SPRING FIELDS Beside Manyatha Tech Park, Nagawara, Bangalore, Karnataka, India |
6. SLV BELMONT K.R. Puram Bangalore, Karnataka, India |
|
7. SLV HOMES Basavanagara, Bangalore, Karnataka, India |
8. SLV APPARTMENTS Basavanagara, HAL Port, Bangalore, Karnataka, India |
|
9. SLV UNIWORTH CLASSIC HBR Layout, Hennur Road, Bangalore, Karnataka, India |
10. SLV PARAMOUNT HBR Layout, Hennur Road, Bangalore, Karnataka, India |
THEIR ON GOING
PROJECTS:
1) SLV GRAND at HBR Layout, Bangalore
2) SLV SANNIDHI at HBR Layout, Bangalore
THEIR FUTURE PROJECTS
1) DEVANHALLI PLOTS
2) TELECOM LAYOUT APPARTMENTS
3) HENNUR ROAD APPARTMENTS
4) WHITE FIELD ROW HOUSE PROJECT
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10489481 |
22/03/2014 |
32,500,000.00 |
ORIENTAL BANK OF COMMERCE |
HRBR LAYOUT BRANCH, NO.9, H MAIN, 1ST BLOCK, HRBR LAYOUT, BANGALORE, KARNATAKA - 560043, INDIA |
C03675071 |
|
2 |
10441081 |
09/07/2013 |
10,000,000.00 |
THE KARNATAKA BANK LIMITED |
BANASWADI BRANCH, BANASWADI, BANGALORE, KARNATAKA - 560043, INDIA |
B81136723 |
|
3 |
10219976 |
07/05/2010 |
1,600,000.00 |
THE KARNATAKA BANK LIMITED |
BANASWADI BRANCH, BANASWADI, BANGALORE, KARNATAKA - 560043, INDIA |
A85877777 |
|
4 |
10161470 |
01/06/2009 |
775,000.00 |
THE KARNATAKA BANK LIMITED |
BANASWADI BRANCH, BANASWADI, BANGALORE, KARNATAKA - 560043, INDIA |
A63632707 |
BACKGROUND
Subject is a private limited company engaged in the field of builders
and developers being Sale of Flats.
FIXED ASSETS:
· Plant and Machinery
Safety
Equipment
Computer
Office
Equipment
Furniture
and Fixture
Vehicles
UPS
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. 61.75 |
|
|
1 |
Rs. 100.07 |
|
Euro |
1 |
Rs. 77.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--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 |
|
DEFAULTERS |
|
|
|
--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.