MIRA INFORM REPORT

                                                        

 

Report No. :

355187

Report Date :

18.12.2015

 

IDENTIFICATION DETAILS

 

Name :

KOLTE-PATIL I-VEN TOWNSHIPS (PUNE) LIMITED [w.e.f.13.12.2011]

 

 

Formerly Known As :

KOLTE-PATIL I-VEN TOWNSHIPS (PUNE) PRIVATE LIMITED [w.e.f.05.08.2008]

 

I-VEN TOWNSHIPS (PUNE) PRIVATE LIMITED

 

 

Registered Office :

Survey No.74, Hinjewadi-Kasarsai Road, Marunji, Taluka-Mulshi Pune – 411057, Maharashtra

Tel. No.:

91-20-66778800

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

28.12.2005

 

 

Com. Reg. No.:

11-140660

 

 

Capital Investment / Paid-up Capital :

Rs. 173.215 Million

 

 

CIN No.:

[Company Identification No.]

U70102PN2005PLC140660

 

 

IEC No.:

3110025744

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCI5807K

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of promotion, construction and development of integrated townships containing residential and commercial complexes, multistoried buildings, flats, houses, apartments, shopping malls etc. (Registered Activity)

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 2005 and it is having satisfactory track record.

 

Rating takes into consideration company’s satisfactory financial profile back by strong networth base, healthy reserves position along negligible debt and comfortable debt protection metrics.

 

Rating further takes consideration on experienced promoters group and decent track record of the company operations.

 

However, rating is constrained on company presence in highly fragmented reality sector, large working capital intensive nature of operation and current slowdown in reality sector.

 

Trade relation are reported to be fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered normal for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2015.

 

 

INFORMATION DECLINED

 

MANAGEMENT NON-COOPERATIVE

 

(TEL. NO.: 91-20-66778800/ 66226622/ 66226739)

 

 

LOCATIONS

 

Registered Office :

Survey No. 74, Marunji, Hinjewadi - Marunji - Kasarsai Road, Taluka Mulshi, Pune – 411057, Maharashtra, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

poonam.thakur@koltepatil.com

Website :

http://www.koltepatil.com

 

 

Pune Office :

201, City Point, Dhole Patil Road, Pune – 411001, Maharashtra, India

Tel. No.:

91-20-66226500/ 66226501

Fax No.:

91-20-66226651

E-Mail :

sales@koltepatil.com

customercare@koltepatil.com

 

 

Mumbai Office :

501, 5th Floor, B Wing, The Capital, Plot No. C 70, G - Block, Behind ICICI Bank, Bandra - Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India

 

 

Bangalore Office :

22/11, Park West, 1st floor, Vittal Mallya Road, Bangalore – 560001, Karnataka, India

Tel. No.:

91-80-22243135

Fax No.:

91-80-22120652

E-Mail :

salesbr@koltepatil.com

 

 

Goa Office :

3rd Floor, Kamala House, Opposite Magson's Super Centre Dayanand Bandodkar Road, Campal - Miramar, Panaji - 403002, Goa, India

Tel. No.:

91-832-2464006

 

 

DIRECTORS

 

AS ON 31.03.2015

 

Name :

Mr. Prakash Yashwant Gurav

Designation :

Director

Address :

Mritinjaya Apartments, 3rd  Floor, 54 Ideal Colony, Kothrud, Pune - 411029, Maharashtra, India

Date of Appointment :

15.09.2015

DIN No.:

02004317

 

 

Name :

Mr. Bhama Krishnamurthy

Designation :

Director

Address :

B1/23 Technocrat Co-Operative Housing Society Limited,Bombay Dyeing Compnd, Twin Tower Lane,Veer Savarkar Marg,Prabhadevi, Mumbai - 400025, Maharashtra, India

Date of Appointment :

15.09.2015

DIN No.:

02196839

 

 

Name :

Mr. Atul Surendra Bohra

Designation :

Nominee director

Address :

Flat No 704, Building No. D, Gangadham,, Bibwewadi, Market Yard, Pune - 411037, Maharashtra, India

Date of Appointment :

29.09.2015

DIN No.:

06916681

 

 

Name :

Mr. Gopal Girdharilalji Sarda

Designation :

Nominee director

Address :

3c-A2-3 New Ajanta Avenue Socy, Off Paud Road, Nr Krishna Hospital, Kothrud, Pune - 411029, Maharashtra, India

Date of Appointment :

29.09.2015

DIN No.:

07324789

 

 

Name :

Mr. Madhusudhan Kumaran Nair

Designation :

Nominee director

Address :

Bliss 101/D Vasant Oscar, L B S Marg Mulund (West), Mumbai - 400080, Maharashtra, India

Date of Birth/Age :

20.09.1962

Qualification :

CS, LL.B

Date of Appointment :

25.07.2012

DIN No.:

02891683

 

 

Name :

Mr. Kudigram Ravindra

Designation :

Nominee Director

Address :

301, Lakshmi Gopal, 1281, Hatiskar Marg, Prabhadevi, Mumbai - 400025, Maharashtra, India

Date of Appointment :

12.01.2015

DIN No.:

00362200

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 31.03.2015

 

Names of Equity Shareholders

No. of Shares

 

Kolte-Patil Developers Limited, India

4499998

Kolte-Patil Developers Limited, India jointly with Rajesh Patil

1

Kolte-Patil Developers Limited, India jointly with Milind Kolte

1

IDBI Trusteeship Services Limited, Trustees of India Advantage Fund-III

3000000

IDBI Trusteeship Services Limited, Trustees of India Advantage Fund-IV

2000000

Manish Doshi

250000

Vandana Doshi

250000

 

 

Total

 

10000000

 

 

Names of Preference Shareholders

No. of Shares

 

Kolte-Patil Developers Limited, India

3294666

IDBI Trusteeship Services Limited, Trustees of India Advantage Fund-III

2196444

IDBI Trusteeship Services Limited, Trustees of India Advantage Fund-IV

1464296

Manish Doshi

183037

Vandana Doshi

183037

 

 

Total

 

7321480

 

 

AS ON 24.07.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

95.00

Directors or relatives of directors

5.00

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of promotion, construction and development of integrated townships containing residential and commercial complexes, multistoried buildings, flats, houses, apartments, shopping malls etc. (Registered Activity)

 

 

Products :

ITC Code No.

 

Product Descriptions

99531129

Multi-dwelling residential buildings

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

Not Divulged

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name:

Not Divulged

Branch:

Not Divulged

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         State Bank of India

Industrial Finance Branch Pune, Tara Chambers, Mumbai-Pune Road, Pune – 411003, Maharashtra, India

 

·         AXIS Bank Limited

Corporate banking Branch, 214-215, City Mall, 2nd Floor, Plot No. 1, S. No. 132, Ganesh Khind Road, Pune – 411007, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2015

(Rs. In Million)

31.03.2014

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Rupee term loans from banks

285.896

325.195

 

 

 

SHORT TERM BORROWINGS

 

 

Loans repayable on demand from bank

100.000

0.000

 

 

 

Total

 

385.896

325.195

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

706, B Wing, 7th Floor ICC Trade Tower International Convention Centre Senapati Bapat Road, Pune – 411016, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

AACFD4815A

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Joint Venture :

·         Sylvan Acres Realty Private Limited

(U70102PN2005PTC021479)

·         India Advantage Fund – III

·         India Advantage Fund – IV

·         Kolte-Patil Developers Limited (L45200PN1991PLC129428)

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10,000,000

Equity Shares

Rs. 10/- each

Rs. 100.000 Million

10,000,000

Preference Shares

Rs. 10/- each

Rs. 100.000 Million

 

Total

 

Rs. 200.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10,000,000

Equity Shares

Rs. 10/- each

Rs. 100.000 Million

7,321,480

Preference Shares

Rs. 10/- each

Rs. 73.215 Million

 

Total

 

Rs. 173.215 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2015

31.03.2014

31.03.2013

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

173.215

173.215

173.215

(b) Reserves & Surplus

1066.962

976.555

496.210

(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)

1240.177

1149.770

669.425

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

635.996

675.295

0.330

(b) Deferred tax liabilities (Net)

5.543

0.000

0.000

(c) Other long term liabilities

108.719

81.939

0.000

(d) long-term provisions

10.072

1.057

0.347

Total Non-current Liabilities (3)

760.330

758.291

0.677

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

120.000

0.000

498.791

(b) Trade payables

305.540

155.912

65.528

(c) Other current liabilities

3151.059

2947.605

3317.909

(d) Short-term provisions

7.585

34.581

253.307

Total Current Liabilities (4)

3584.184

3138.098

4135.535

 

 

 

 

TOTAL

5584.691

5046.159

4805.637

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

512.841

547.651

539.485

(ii) Intangible Assets

2.065

2.481

2.170

(iii) Capital work-in-progress

0.000

0.426

80.743

(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

0.140

0.000

(d)  Long-term Loan and Advances

24.722

20.386

3.012

(e) Other Non-current assets

9.100

9.100

3.476

Total Non-Current Assets

548.728

580.184

628.886

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

4627.155

3963.087

3618.435

(c) Trade receivables

71.345

210.624

126.172

(d) Cash and cash equivalents

73.638

75.962

203.752

(e) Short-term loans and advances

177.448

216.077

228.392

(f) Other current assets

86.377

0.225

0.000 

Total Current Assets

5035.963

4465.975

4176.751

 

 

 

 

TOTAL

5584.691

5046.159

4805.637

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Revenue from Operations

1866.072

4505.625

3772.661

 

 

Other Income

6.708

39.759

33.406

 

 

TOTAL                                     (A)

1872.780

4545.384

3806.067

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

1068.174

2824.087

2501.380

 

 

Employees benefits expense

92.918

81.650

80.939

 

 

Other expenses

139.004

108.588

140.373

 

 

TOTAL                                     (B)

1300.096

3014.325

2722.692

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

572.684

1531.059

1083.375

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

376.480

338.920

324.039

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                               (E)

196.204

1192.139

759.336

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

60.314

84.733

70.779

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)                (G)

135.890

1107.406

688.557

 

 

 

 

 

Less

TAX                                                                  (H)

45.160

369.671

217.758

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX (G-H)                  (I)

90.730

737.735

470.799

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

70.219

118.890

11.351

 

 

Capital Goods

18.191

0.000

483.653

 

TOTAL IMPORTS

88.410

118.890

495.004

 

 

 

 

 

 

Earnings Per Share (Rs.)

9.07

73.77

48.18

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

1773.889

1629.219

1815.350

 

 

 

 

Cash Generated from Operations

NA

NA

NA

 

 

 

 

Net Cash Flow from used in Operations

(24.293)

1081.902

1683.756

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

4.86

16.37

12.48

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

30.69

33.98

28.72

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.43

21.95

14.57

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.11

0.96

1.03

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

2.04

2.00

3.46

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.41

1.42

1.01

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

173.215

173.215

173.215

Reserves & Surplus

496.210

976.555

1066.962

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

669.425

1149.770

1240.177

 

 

 

 

Long-term borrowings

0.330

675.295

635.996

Short term borrowings

498.791

0.000

120.000

CURRENT MATURITIES OF LONG-TERM DEBTS

1815.350

1629.219

1773.889

Total borrowings

2314.471

2304.514

2529.885

Debt/Equity ratio

3.457

2.004

2.040

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

3772.661

4505.625

1866.072

 

 

19.428

(58.584)

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

3772.661

4505.625

1866.072

Profit

470.799

737.735

90.730

 

12.48%

16.37%

4.86%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report

(Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10578318

22/09/2015 *

1,000,000,000.00

STATE BANK OF INDIA

INDUSTRIAL FINANCE BRANCH PUNE, TARA CHAMBERS,MUM 
BAI-PUNE ROAD, PUNE - 411003, MAHARASHTRA , INDIA

C65448037

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2015

(Rs. In Million)

31.03.2014

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Fully convertible debentures intercorporate

350.100

350.100

 

 

 

SHORT TERM BORROWINGS

 

 

Loans repayable on demand from others

20.000

0.000

 

 

 

Total

 

370.100

350.100

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the Company has been shifted from III Floor, Raheja Plaza, No. 17, Commissariat Road, Bangalore - 560 001. Bangalore - 560001, Karnataka, India to the present address w.e.f. 15.06.2006

 

 

BACKGROUND

 

The company (herein after referred to as “Company or Township”) is developing an integrated township in Pune. The long standing mission of the company is to dedicate itself to create spaces that blend in with the surroundings and exude vitality and aesthetic appeal, making the spaces present-perfect and future-proof. The core values of the company honesty, innovation, excellence eco-friendliness, technology, sustainability, value and commitment to time schedules are perfectly aligned with the living and working spaces it builds.

 

 

FINANCIAL HIGHLIGHTS

 

During the year, Operating Revenue has dropped substantiallydue to significant completion of construction of phase I in the previous financial year and non – receipt of approvals for phase II which has led to delay in launch of Phase II of the project.


FIXED ASSETS:

·         Plant and Equipment

·         Factory Equipment’s

·         Furniture and Fixtures

·         Vehicles

·         Motor Vehicles

·         Office Equipment

·         Computer Equipment’s

·         Other Equipment’s

·         Computer Software

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.66.65

UK Pound

1

Rs.99.61

Euro

1

Rs.72.33

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ARC

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

47

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.