|
Report Date : |
09.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered
Office : |
Plot No. 18, Abadi New Rajan Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Year of
Establishment : |
14.05.2013 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AVGPB1574R |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Sports Goods like PVC Balls, Foot Ball Bladders,
Footballs, Rugby Balls, etc. |
|
|
|
|
No. of Employees
: |
12 (Approximately) [In Office: 2 + In Factory: 10] |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new proprietary concern establishing itself gradually. Mr. Davinder Singh Babbra, the proprietor provided all information. Trade relations are improving. Business is active. Payment terms are
unknown. In view of infancy, the concern can be considered for business
dealings as a matter of your confidence on a safe and secured trade terms and
conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 wilfully 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. Davinder Singh Babbra |
|
Designation : |
Proprietor |
|
Contact No.: |
91-8699714475 |
|
Date : |
08.10.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 18, Abadi New Rajan Nagar, Leather Complex Road,
Basti Bawa Khel, Jalandhar – 144002, Punjab, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8699714475/ 8968024188 (Mr. Davinder Singh Babbra) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Davinder Singh Babbra |
|
Designation : |
Proprietor |
|
Address : |
4, Ram Vihar Colony, Basti, Danishmanda, Jalandhar – 144002, Punjab,
India |
|
Date of Birth/Age : |
14.08.1968 |
|
Qualification : |
HSC |
|
Experience : |
20 Years |
|
PAN No.: |
AVGPB1574R |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sports Goods like PVC Balls, Foot Ball Bladders,
Footballs, Rugby Balls, etc. |
GENERAL INFORMATION
|
Customers : |
Manufacturer |
|
|
|
|
No. of Employees : |
12 (Approximately) [In Office: 2 + In Factory: 10] |
|
|
|
|
Bankers : |
Bank of Baroda, B M Marg Branch, 191, Adarsh Nagar, Near – Chick Chick
House, B. M. Marg, Jalandhar – 144001, Punjab, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Abhinav Malhotra and Company Chartered Accountants |
|
Address : |
104-105, Jay Ess Complex, Shahtri Market, Jalandhar – 144001, Punjab,
India |
|
Tel. No.: |
91-181-2234131 |
|
Mobile No.: |
91-9888987755 |
|
E-Mail : |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW BUSINESS
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
No |
|
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 |
No |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF INCOME
MR. DAVINDER SINGH BABBRA
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2012 |
|
INCOME FROM BUSINESS OF PROFESSION |
|
|
|
|
|
Gross Turnover |
0.769 |
|
|
|
|
Net Profit |
0.190 |
|
|
|
|
Total Income |
0.190 |
|
|
|
|
Tax Due |
0.001 |
|
|
|
|
E.C @ 3 |
0.000 |
|
|
|
|
Tax Payable |
0.001 |
|
|
|
|
Tax Paid |
0.001 |
|
|
|
|
Tax Due |
0.000 |
|
|
|
|
Stock in Trade |
0.085 |
|
|
|
|
Cash in Hand |
0.012 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
Provisional |
Estimated |
Projection |
||||
|
1) Sales (Net of Returns) |
3.051 |
13.000 |
14.000 |
15.000 |
16.000 |
17.000 |
18.000 |
|
|
|
|
|
|
|
|
|
|
Of which |
|
|
|
|
|
|
|
|
Domestic Sales |
3.051 |
13.000 |
14.000 |
15.000 |
16.000 |
17.000 |
18.000 |
|
|
|
|
|
|
|
|
|
|
Export Sales |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
2) Less Excise Duty |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
3) Net Sales (1-2) |
3.051 |
13.000 |
14.000 |
15.000 |
16.000 |
17.000 |
18.000 |
|
|
|
|
|
|
|
|
|
|
% wise rise/fall in net sales as compared to previous year |
-- |
326.09% |
7.69% |
7.14% |
6.67% |
6.25% |
5.88% |
|
|
|
|
|
|
|
|
|
|
Other Operating Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Export Incentive |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Duty Drawback |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Others |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Total Operating Income |
3.051 |
13.000 |
14.000 |
15.000 |
16.000 |
17.000 |
18.000 |
|
|
|
|
|
|
|
|
|
|
4) Cost of Sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Raw Materials including Stores consumed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Imported |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Indigenous |
4.252 |
8.657 |
10.700 |
11.400 |
12.150 |
12.900 |
13.600 |
|
|
|
|
|
|
|
|
|
|
b) Other Spares Imported |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
c) Power and Fuel |
-- |
0.600 |
0.700 |
0.800 |
0.900 |
1.000 |
1.100 |
|
|
|
|
|
|
|
|
|
|
d) Direct Labour and Wages |
0.216 |
0.200 |
0.220 |
0.240 |
0.260 |
0.280 |
0.300 |
|
|
|
|
|
|
|
|
|
|
e) Repair and Maintenance |
-- |
0.050 |
0.060 |
0.070 |
0.080 |
0.090 |
0.100 |
|
|
|
|
|
|
|
|
|
|
f) Other Manufacturing Expenses / R and D |
-- |
0.030 |
0.042 |
0.044 |
0.046 |
0.048 |
0.050 |
|
|
|
|
|
|
|
|
|
|
g) Depreciation |
0.002 |
0.230 |
0.195 |
0.165 |
0.140 |
0.118 |
0.100 |
|
|
|
|
|
|
|
|
|
|
Sub-total (Sum a to f) |
4.470 |
9.767 |
11.917 |
12.719 |
13.576 |
14.436 |
15.250 |
|
|
|
|
|
|
|
|
|
|
Add: Opening Stock in Process |
-- |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Sub-total |
4.470 |
9.767 |
11.917 |
12.719 |
13.576 |
14.436 |
15.250 |
|
|
|
|
|
|
|
|
|
|
Less: Closing Stock in Process |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Sub-total: Cost of Production |
4.470 |
9.767 |
11.917 |
12.719 |
13.576 |
14.436 |
15.250 |
|
|
|
|
|
|
|
|
|
|
Add: Opening stock of Finished Goods |
-- |
1.943 |
0.450 |
0.500 |
0.520 |
0.570 |
0.600 |
|
|
|
|
|
|
|
|
|
|
Sub-total |
4.470 |
11.710 |
12.367 |
13.219 |
14.096 |
15.006 |
15.850 |
|
|
|
|
|
|
|
|
|
|
Less: Closing
stock of Finished Goods |
1.943 |
0.450 |
0.500 |
0.520 |
0.570 |
0.600 |
0.625 |
|
|
|
|
|
|
|
|
|
|
Sub-total |
2.527 |
11.260 |
11.867 |
12.699 |
13.526 |
14.406 |
15.225 |
|
|
|
|
|
|
|
|
|
|
TOTAL COST OF
SALES |
2.527 |
11.260 |
11.867 |
12.699 |
13.526 |
14.406 |
15.225 |
|
|
|
|
|
|
|
|
|
|
5) Selling,
General and Administrative Expenses |
0.240 |
0.650 |
0.700 |
0.750 |
0.800 |
0.850 |
0.900 |
|
|
|
|
|
|
|
|
|
|
6)
Miscellaneous Expenses and Preliminary Expenses Written Off |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
7) Operating
Profit Before Interest and Taxes (OPBIT) |
0.284 |
1.090 |
1.433 |
1.551 |
1.674 |
1.744 |
1.875 |
|
|
|
|
|
|
|
|
|
|
8) Interest
Cost: of Which |
0.000 |
0.223 |
0.520 |
0.555 |
0.591 |
0.625 |
0.662 |
|
|
|
|
|
|
|
|
|
|
a) Interest on
W/C and Short Term Loan TO Bank |
-- |
0.163 |
0.390 |
0.455 |
0.520 |
0.585 |
0.650 |
|
|
|
|
|
|
|
|
|
|
b) Interest on
Long Term and Other Borrowings to Bank |
-- |
0.060 |
0.130 |
0.100 |
0.071 |
0.040 |
0.012 |
|
|
|
|
|
|
|
|
|
|
c) Interest on
WC to Fls |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
d) Interest on
Term Loan to Fls |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
9) Operating
Profit before tax (7-8) |
0.284 |
0.868 |
0.913 |
0.996 |
1.083 |
1.119 |
1.213 |
|
|
|
|
|
|
|
|
|
|
10) Other
Non-operating Income/ Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Other
Non-operating Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Profit on Sale
of assets/ investments |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Investment and
Dividend |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Forex Gains |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Non-Operating
Income from Subsidiaries |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Tax Refund |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Other
Non-Operating Income |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
b) Other
Non-operating Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Loss on sale
of assets |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Other
Non-Operating Expenses |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Sub-total
(a-b) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
11) Profit
before Tax (9+10) |
0.284 |
0.868 |
0.913 |
0.996 |
1.083 |
1.119 |
1.213 |
|
|
|
|
|
|
|
|
|
|
12) Provision
for Development Rebate/ Inv Allowances |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
13) Provision
for Tax |
0.000 |
0.260 |
0.274 |
0.299 |
0.325 |
0.336 |
0.364 |
|
|
|
|
|
|
|
|
|
|
Current |
0.000 |
0.260 |
0.274 |
0.299 |
0.325 |
0.336 |
0.364 |
|
|
|
|
|
|
|
|
|
|
Deferred Tax
(Assets)/ Liabilities |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
14) Net Profit
(11-12-13) |
0.284 |
0.607 |
0.639 |
0.697 |
0.758 |
0.783 |
0.849 |
|
|
|
|
|
|
|
|
|
|
15)
Appropriations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Dividends |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
b) Tax on
Dividends |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
c) Other
Provisions (Specify) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
d) Other Appropriation/
Drawings (Specify) |
0.109 |
0.500 |
0.500 |
0.500 |
0.600 |
0.600 |
0.700 |
|
|
|
|
|
|
|
|
|
|
16) Net Profit
Retained in Business |
0.175 |
0.107 |
0.139 |
0.197 |
0.158 |
0.183 |
0.149 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
31.03.2018 |
31.03.2019 |
31.03.2020 |
|
|
Provisional |
Estimated |
Projection |
||||
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) S/T Bank Borrowings [CC, BP, BD and excess borrowings placed on repayment basis] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From Bank of Baroda |
-- |
2.500 |
3.000 |
3.500 |
4.000 |
4.500 |
5.000 |
|
|
|
|
|
|
|
|
|
|
From Other Banks |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
2) SUB-TOTAL |
0.000 |
2.500 |
3.000 |
3.500 |
4.000 |
4.500 |
5.000 |
|
|
|
|
|
|
|
|
|
|
3) S/T Borrowings from Associates and Group Concerns |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
4) Short Term Borrowings from others |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
5) Deposits (maturing in 1 year) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
6) Advances / Payments from Customers / Deposits from Dealers |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
7) Statutory Liabilities (due within 1 year) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
8) Instalments of Term Loan / DPC / Debentures / PSC (due in 1 year) |
-- |
0.228 |
0.228 |
0.228 |
0.228 |
0.209 |
0.000 |
|
|
|
|
|
|
|
|
|
|
9) Other Current Liabilities and Provisions |
0.049 |
0.050 |
0.060 |
0.070 |
0.080 |
0.090 |
0.100 |
|
|
|
|
|
|
|
|
|
|
10)SUB-TOTAL (sum 3 to 9) |
0.049 |
0.278 |
0.288 |
0.298 |
0.308 |
0.299 |
0.100 |
|
|
|
|
|
|
|
|
|
|
11)Sundry Creditors (Trade) |
0.656 |
0.130 |
0.160 |
0.170 |
0.180 |
0.190 |
0.200 |
|
|
|
|
|
|
|
|
|
|
12)Interest Accrued but not due |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
13)Provision for Tax |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
14)Provision for Dividend |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
15)TOTAL CURRENT LIABILITIES |
0.705 |
2.908 |
3.448 |
3.968 |
4.488 |
4.989 |
5.300 |
|
|
|
|
|
|
|
|
|
|
16)Debentures (not maturing in 1 year) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
17)Redeemable Preference Share Capital (maturing after 1 year but before 12 years) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
18)Term Loan (repayable after 1 year) from Bank |
-- |
0.893 |
0.665 |
0.437 |
0.209 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
19)Term Loan (repayable after 1 year) from FIs |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
20)Borrowings from Group Companies, Directors, Friends, Relatives [Quasi Equity] |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
21) Deferred Payment Credit |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
22) Deferred Tax Liability |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
23) Dealer's Deposit |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
24) Term Deposits (repayable after 1 year) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
25) Unsecured Loans [Quasi Equity] |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
26) Other Long Term Loans / Term Liabilities |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
27) TOTAL TERM LIABILITIES (sum 16 to 26) |
0.000 |
0.893 |
0.665 |
0.437 |
0.209 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
NETWORTH: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28) Equity Share Capital (Paid-up) |
0.274 |
0.274 |
0.274 |
0.274 |
0.274 |
0.274 |
0.274 |
|
|
|
|
|
|
|
|
|
|
29) Share Application (finalised for Allotment) |
0.960 |
0.960 |
0.960 |
0.960 |
0.960 |
0.960 |
0.960 |
|
|
|
|
|
|
|
|
|
|
30) Preference Share Capital (maturing after 12 years) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
31) General Reserve |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
32) Revaluation Reserve |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
33) Dev'ment Rebate Reserve/Investment Allowance |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
34)Other Reserves (excluding provision) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Share Premium |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Capital Subsidy |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Others |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
35) Surplus (+) or (-) in P/L A/c |
0.175 |
0.282 |
0.421 |
0.619 |
0.777 |
0.960 |
1.109 |
|
|
|
|
|
|
|
|
|
|
36) NETWORTH (sum 28 to 35) |
1.409 |
1.516 |
1.655 |
1.853 |
2.011 |
2.194 |
2.343 |
|
|
|
|
|
|
|
|
|
|
37) TOTAL LIABILITIES (15+27+36) |
2.114 |
5.317 |
5.768 |
6.258 |
6.708 |
7.183 |
7.643 |
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38) Receivables (up to 180 days) other than deferred and export less bills negotiated under LC |
0.052 |
2.150 |
2.300 |
2.450 |
2.650 |
2.800 |
2.950 |
|
|
|
|
|
|
|
|
|
|
39) Export Receivables |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
40) TOTAL DEBTORS (38+39) |
0.052 |
2.150 |
2.300 |
2.450 |
2.650 |
2.800 |
2.950 |
|
|
|
|
|
|
|
|
|
|
41) Raw Material - Imported |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
42) Raw Material - Indigenous |
-- |
0.710 |
0.885 |
0.950 |
1.000 |
1.050 |
1.125 |
|
|
|
|
|
|
|
|
|
|
43) Work-in-Process |
-- |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
44) Finished Goods (incl Traded Goods) |
1.943 |
0.450 |
0.500 |
0.520 |
0.570 |
0.600 |
0.625 |
|
|
|
|
|
|
|
|
|
|
45) Stores and Spares - Imported |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
46) Stores and Spares - Indigenous |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
47) TOTAL INVENTORIES (sum 41 to 46) |
1.943 |
1.160 |
1.385 |
1.470 |
1.570 |
1.650 |
1.750 |
|
|
|
|
|
|
|
|
|
|
48) Investments (other than long term investments e.g. Sinking Fund, Gratuity Fund etc.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Govt. and other trustee securities |
-- |
-- |
-- |
1.000 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
|
|
|
|
b) FDs in Bank |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
c) Others |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
49)Interest accrued and due and Instalments of deferred receivables (due within 1 year) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
50)Advances to Suppliers of Raw Material / Spares / Stores consumables |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
51)Other Current Assets |
-- |
0.090 |
0.090 |
0.110 |
0.180 |
0.190 |
0.200 |
|
|
|
|
|
|
|
|
|
|
52)SUB-TOTAL: OTHER CURRENT ASSETS (EXCLUDING CASH and BANK BALANCE) (sum 48 to 52) |
0.000 |
0.090 |
0.090 |
1.110 |
1.180 |
1.190 |
1.200 |
|
|
|
|
|
|
|
|
|
|
53) Advance Tax Paid |
0.073 |
0.260 |
0.274 |
0.299 |
0.325 |
0.336 |
0.364 |
|
|
|
|
|
|
|
|
|
|
54) Cash and Bank balance |
0.034 |
0.375 |
0.632 |
0.007 |
0.201 |
0.543 |
0.815 |
|
|
|
|
|
|
|
|
|
|
55) TOTAL CURRENT ASSETS (40+47+52+53+54) |
2.102 |
4.035 |
4.681 |
5.336 |
5.926 |
6.519 |
7.079 |
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
56)Gross Block excluding Revalued Assets |
0.014 |
1.514 |
1.514 |
1.514 |
1.514 |
1.514 |
1.514 |
|
|
|
|
|
|
|
|
|
|
57)Revalued Assets |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
58) GROSS BLOCK (56+57) |
0.014 |
1.514 |
1.514 |
1.514 |
1.514 |
1.514 |
1.514 |
|
|
|
|
|
|
|
|
|
|
59) Accumulated Depreciation |
0.002 |
0.232 |
0.427 |
0.592 |
0.732 |
0.850 |
0.950 |
|
|
|
|
|
|
|
|
|
|
60) NET BLOCK (58-59) |
0.012 |
1.282 |
1.087 |
0.922 |
0.782 |
0.664 |
0.564 |
|
|
|
|
|
|
|
|
|
|
61) Capital Work in Progress |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
62) NET FIXED ASSETS (60+61) |
0.012 |
1.282 |
1.087 |
0.922 |
0.782 |
0.664 |
0.564 |
|
|
|
|
|
|
|
|
|
|
63) Investments/ Book Debts/ Advances/ Deposits which are not current |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
a) Investment in Group Concerns |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
b) Loans to Group Concerns/ Advances to Subsidiaries |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
c) Others |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
OTHER NON-CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
64) Advances to Suppliers of Capital Goods, Spares Contractors for
Capital Expenses |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
65) Deferred Receivables maturing beyond 1 year |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
66) Deferred Tax Assets |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
67) Debtors > 6 months |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
68) Non-Consumables Spares |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
69) Others (Loans and Advances non-current in nature, IDC’s etc) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
70) Other Miscellaneous Assets including dues from Directors |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
71) TOTAL NON-CURRENT ASSETS (sum 64 to 70) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
72) Intangible Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Goodwill, Patents and Trademarks |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
Preliminary Expenses, Miscellaneous Expenditure not w/off |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
73) TOTAL ASSETS (55+62+63+71+72) |
2.114 |
5.317 |
5.768 |
6.258 |
6.708 |
7.183 |
7.643 |
|
|
|
|
|
|
|
|
|
|
74) TANGIBLE NETWORTH (36-72) |
1.409 |
1.516 |
1.655 |
1.853 |
2.011 |
2.194 |
2.343 |
|
|
|
|
|
|
|
|
|
|
75) NET WORKING CAPITAL (55-15) |
1.397 |
1.127 |
1.233 |
1.368 |
1.438 |
1.530 |
1.779 |
|
|
|
|
|
|
|
|
|
|
76) TOTAL OUTSIDE LIABILITIES (15+27) |
0.705 |
3.801 |
4.113 |
4.405 |
4.697 |
4.989 |
5.300 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. DAVINDER SINGH BABBRA
(RS. IN MILLIONS)
|
PARTICULARS |
Amount |
|
IMMOVABLE PROPERTY |
|
|
Residential House measuring 9 Marlas at H. N. Plot No. 18, Abadi New Rajan Nagar, Leather Complex Road, Basti Bawa Khel, Jalandhar – 144002, Punjab, India in the name of Davinder Singh Babbra S/o Mewa Singh (A s per valuation report date 19.06.2014) |
3.877 |
|
|
|
|
MOVABLE PROPERTY |
|
|
|
|
|
Saving Bank A/c with P.N.B, IBB Jalandhar city in the name of Davinder Singh Babbra S/o Mewa Singh (As per Bank Statement Date 07/10/2014) |
0.070 |
|
|
|
|
Jewellary and Ornaments |
0.325 |
|
|
|
|
Cash in Hand (As per declaration by client) |
0.025 |
|
|
|
|
Total |
0.420 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
GENERAL
DETAILS |
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Date
as on which valuation is made |
19.06.2014
(BOB, BMV. Jal.) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name
of the Owner(s) of the Property |
Mr. Davinder Singh Babbra S/o Mewa Singh (R/o: 4, Ram Vihar Colony, Basti Danishmanda, Jalandhar – 144002, Punjab, India) Mobile No.: 91-8699714475 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
If
the property is under joint ownership/ Co-ownership, share of each such
owner. Are
the shares undivided? |
No
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Brief description of the property |
Commercial
Property (Workshop) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Location, Street, Ward No. (Postal Address) |
Abadi New Rajan Nagar, Basti Peer Dad Kha, Leather Complex Road,
Jalandhar City (Pb) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Survey/Plot
No. of Land |
Pat
of Plot No. 18 & Kh. No. 17/ 25, 27/6, 7/2, 14/1, 15/1, 26/1, etc. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Is
the property situated in the Residential/ Commercial/ Mixed Area/ Industrial
area? |
Mixed
Area |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Classification
of Locality – High class/ Middle class/ Poor class |
Middle
Class |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
Proximity
to civic amenities like School, Hospitals, Offices, Markets, Cinema Halls,
etc. |
Yes
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Area
supported by documentary proof, shape, dimensions and physical features |
6M-231Sft.
(1M=272Sft.) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Is
it freehold or leasehold land? |
Free
hold (But sites no match with sale deed) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
If
leasehold, the name of Lesser/ Lessee, nature of lease, dates of commencement
and termination of lease |
N.A. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Is
there any restrictive covement in regard to use of land? If so, details be
given |
No
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
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. |
Under
Municipal Limits |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Is
the building owner-occupied/ tenanted/ both? |
Self-possession |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
If
partly owner occupied, specify portion and extent of area under
owner-occupations |
N.A. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Name
of tenants/ Lessees/ Licensees, etc. |
N.A. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Portions
in their occupations |
N.A. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Monthly
or annual rent/ compensations/ license fee, etc. paid by each |
N.A. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Is
any dispute between landlord and tenant regarding rent pending in a court of
law |
N.A. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
The valuer should give in detail his approach to valuation of the property and indicate how the value has been arrived at, supported by necessary calculations |
From
Market Inquiry |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
VALUATION OF CONSTRUCTION: The
present cost of construction on plinth area basis, including services as on
19.06.2014, after allowing depreciation is reasonable as under:- VALUATION
VALUATION OF LAND : The land is located in the locality at Part of Plot No. 18, Abadi New
Rajan Nagar, Leather Complex Road, Basti Bawa Khel, Jalandhar – 144002, Punjab, India. On market inquiry 1 found average sale and
purchase value of the land in this locality is Rs. 225000/- per marla.
Therefore the land rate is Rs. 200000/- per marla, because the property
market is running slump on this time. So accordingly fair market value is
under:
Say Rs. 3.877 Millions |
|||||||||||||||||||
|
|
|
||||||||||||||||||
|
TECHNICAL
DETAILS |
|||||||||||||||||||
|
Name
of the Owner/ Owners |
Mr. Davinder Singh Babbra S/o Mewa Singh |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Location
|
Part
of Plot No. 18, Abadi New Rajan Nagar, Leather Complex Road,
Basti Bawa Khel, Jalandhar – 144002, Punjab, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Plinth
Area floor wise |
Explained
in valuation |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Year
of Construction |
G.F
= 2013 and F.F. = 2014 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Estimated
future life |
50
Year |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Walls
|
Bk.
Work in C.S. Mortar Partly C. plaster and partly Paint Work. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Joinery |
Aluminium,
Steel and Wooden Joinery |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Flooring
|
C.C.
Flooring |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Roofing
|
A.C.C.
and R.C.C. roofing with tile terracing |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Wiring
|
Conduit
Wiring |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Sanitary
|
Flush
Toilet |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Water
Supply |
M.C.J. |
||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------
CREDIT FACILITIES (PROPOSED)
(RS. IN MILLIONS)
|
TYPE OF FACILITIES |
AMOUNT |
PURPOSE FOR WHICH REQUIRED |
SECURITY OFFERED |
|
|
|
|
|
PRIMARY SECURITY (Details with approx. value to be mentioned) |
Whether Collateral Security offered |
|
Cash Credit |
2.500 |
Working Capital |
Hypothecation of Stock and Book Debt |
Equitable mortgage of property located at 18, New Rajan Nagar, Leather Complex Road, Basti Bawa Khel, Jalandhar – 144002, Punjab, India |
|
Term Loan |
1.121 |
Machinery |
Hypothecation of Machinery |
Equitable mortgage of property located at 18, New Rajan Nagar, Leather Complex Road, Basti Bawa Khel, Jalandhar – 144002, Punjab, India |
In case of term loan requirements, the details of machinery may be given as under:
|
TYPE OF MACHINE |
PURPOSE FOR WHICH REQUIRED |
WHETHER IMPORTED OF INDIGENOUS |
NAME OF SUPPLIER |
TOTAL COST OF MACHINE (*) |
CONTRIBUTION BEING MADE BY THE PROMOTERS |
LOAN REQUIRED |
|
PVC Ball Making Machine |
PVC Ball |
Indian |
Brother Automobile |
0.550 |
|
|
|
PVC Mixture Machine |
Mixing of Chemicals |
Indian |
Brother Automobile |
0.200 |
|
|
|
Generator |
Power Bank Up |
Indian |
Perfect Generator |
0.125 |
|
|
|
Ball Making Moulds |
PVC Bals |
Indian |
Kalia Metal and Casting |
0.625 |
|
|
|
|
|
|
|
1.500 |
0.379 |
1.121 |
*In case of imported machine, the break-up of basic cost, freight, insurance and customs duty may be given)
------------------------------------------------------------------------------------------------------------------------------
COLLATERAL SECURITY
(RS. IN MILLIONS)
Equitable mortgage of property located at 18, New Rajan Nagar, Leather Complex Road, Basti Bawa Khel, Jalandhar – 144002, Punjab, India valued at Rs. 3.800 Millions
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCES
· Spartan Sports Ind.
Tel. No.: 91-181-2651879
Fax No.; 91-181-2650154
Contact Person: Jyoti Prakash Sharma (Managing Director)
Wasan
Sports
Tel. No.: 91-181-2441572
Contact Person: Mr. Kumar Wasan
Beat
All Sports
Tel. No.: 91-181-2290075
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.61.46 |
|
|
1 |
Rs.98.77 |
|
Euro |
1 |
Rs.77.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MRI |
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.