MIRA INFORM REPORT
|
Report No. : |
314443 |
|
Report Date : |
27.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
NAHAR BUILDERS
LIMITED |
|
|
|
|
Registered
Office : |
B-1, Mahalaxmi Chambers, 22, Bhulabhai Desai Road, Mumbai – 400026,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.09.2011 |
|
|
|
|
Com. Reg. No.: |
11-221752 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202MH2011PLC221752 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN19469C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCN8065A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in Construction and Development of Residential and Commercial Projects. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
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 having satisfactory track. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of experienced promoters, the company can be considered 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
31-03-2014.
INFORMATION DENIED
Management non-co-operative (91-22-23538425)
LOCATIONS
|
Registered Office : |
B-1, Mahalaxmi Chambers, 22, Bhulabhai Desai Road, Mumbai – 400026,
Maharashtra, India |
|
Tel. No.: |
91-22-23538425 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ajay Sukhraj Nahar |
|
Designation : |
Director |
|
Address : |
Nahar Panorama, 7th Floor, Flat No.701/702, 77 Walkeshwar Road,
Near Gopi Birla School, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1978 |
|
Date of Appointment : |
09.09.2011 |
|
DIN No.: |
00605162 |
|
|
|
|
Name : |
Sukhraj Babulaji Nahar |
|
Designation : |
Managing Director |
|
Address : |
101, 1st Floor, Nahar Panorama, 77, Walkeshwar Road, Mumbai
– 400006, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1949 |
|
Date of Appointment : |
01.02.2012 |
|
DIN No.: |
00606140 |
|
|
|
|
Name : |
Sohinidevi Sukhraj Nahar |
|
Designation : |
Director |
|
Address : |
1202A, Rajul Apartments, 12th Floor, 9, J. Mehta Road,
Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1955 |
|
Date of Appointment : |
09.09.2011 |
|
DIN No.: |
00606207 |
|
|
|
|
Name : |
Manju Rajesh Yajnik |
|
Designation : |
Director |
|
Address : |
Siddharth Apartment, 6th Floor, Opposite Venus Apartment,
Worli Sea Face, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
19.12.1964 |
|
Date of Appointment : |
09.09.2011 |
|
DIN No.: |
00606530 |
|
|
|
|
Name : |
Ashok Narhar Kale |
|
Designation : |
Director |
|
Address : |
301, Tps 3, Paradise Apartment, 7th Road, santacruz (East),
Mumbai – 400055, India |
|
Date of Birth/Age : |
27.05.1940 |
|
Date of Appointment : |
29.10.2012 |
|
DIN No.: |
06444763 |
|
|
|
|
Name : |
Pooja Sukhraj Nahar |
|
Designation : |
Director |
|
Address : |
1202/A, Rajul Apartments, 9, J. Mehta Road, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
26.01.1980 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
00605241 |
|
|
|
|
Name : |
Dimple Sukhraj Nahar |
|
Designation : |
Director |
|
Address : |
102, Nahar Panorama, 1st Floor, 77, Walkeshwar Road,
Walkeshwar, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
07.11.1973 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
00606410 |
|
|
|
|
Name : |
Shital Sukhraj Nahar |
|
Designation : |
Director |
|
Address : |
1202/A, Rajul Apartments, Nepean Sea Road, 9, J. Mehta Road, Mumbai –
400006, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1974 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
00606466 |
|
|
|
|
Name : |
Mr. Arvind Futarmal Jain |
|
Designation : |
Director |
|
Address : |
402, Sursha Apartment, Sarvodaya Nagar, Jain Mandir Road, Mulund
(West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
27.01.1968 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
02384021 |
|
|
|
|
Name : |
Priyank Jayantilal Bafna |
|
Designation : |
Director |
|
Address : |
B/7, Arvind Kunj, 77, Tardeo Road, Tardeo, Mumbai – 400034, Maharashtra,
India |
|
Date of Birth/Age : |
15.12.1987 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
06969201 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ajay Sukhraj Nahar |
1000000 |
|
Sukhraj Babulaji Nahar |
2500000 |
|
Sohinidevi Sukhraj Nahar |
2000000 |
|
Manju Rajesh Yajnik |
2500000 |
|
S.B Nahar, Karta of S.B. Nahar HUF |
1000000 |
|
Ajay Nahar, Karta of Ajay Nahar HUF |
500000 |
|
Jayantilal Moolchand Bafna |
300000 |
|
Priyank Jayantilal Bafna |
200000 |
|
Total |
10000000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in Construction and Development of
Residential and Commercial Projects. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Udani Mehta and Company Chartered Accountants |
|
Address : |
Omkaram, 37/1966, Gandhi Nagar,Service Road,Bandra (E), Mumbai - 400051, Maharashtra, India |
|
PAN No.: |
AAAPU1936F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company
: |
Poompuhar Real Estate Private Limited |
|
|
|
|
Joint Ventures : |
|
|
|
|
|
Parties where control
exists/ Enterprises over which Key Management Personnel exercise Significant
Influence : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
100.000 |
100.000 |
100.000 |
|
(b) Reserves &
Surplus |
2465.781 |
1039.438 |
67.106 |
|
(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) |
2565.781 |
1139.438 |
167.106 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
476.149 |
1326.231 |
1335.286 |
|
(b) Deferred tax
liabilities (Net) |
233.794 |
222.869 |
189.167 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
709.943 |
1549.100 |
1524.453 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2404.101 |
2522.129 |
2429.791 |
|
(b) Trade payables |
5.864 |
4.881 |
6.168 |
|
(c) Other current liabilities |
2537.736 |
2522.180 |
3157.583 |
|
(d) Short-term provisions |
515.000 |
315.000 |
65.000 |
|
Total Current Liabilities
(4) |
5462.701 |
5364.190 |
5658.542 |
|
|
|
|
|
|
TOTAL |
8738.425 |
8052.728 |
7350.101 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
100.526 |
73.683 |
79.591 |
|
(ii) Intangible Assets |
3.037 |
3.119 |
1.948 |
|
(iii) Capital
work-in-progress |
268.364 |
11.490 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
609.514 |
408.213 |
394.147 |
|
(c) Deferred tax assets
(net) |
4.989 |
2.735 |
1.684 |
|
(d) Long-term Loan and Advances |
1366.455 |
747.088 |
38.161 |
|
(e) Other Non-current
assets |
0.434 |
0.651 |
45.873 |
|
Total Non-Current Assets |
2353.319 |
1246.979 |
561.404 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5632.778 |
6450.315 |
6465.223 |
|
(c) Trade receivables |
518.827 |
125.522 |
200.611 |
|
(d) Cash and cash
equivalents |
28.240 |
42.315 |
(33.136) |
|
(e) Short-term loans and
advances |
205.261 |
187.597 |
155.999 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
6385.106 |
6805.749 |
6788.697 |
|
|
|
|
|
|
TOTAL |
8738.425 |
8052.728 |
7350.101 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
3383.130 |
1884.321 |
237.575 |
|
|
Other Income |
20.524 |
14.819 |
9.247 |
|
|
TOTAL |
3403.654 |
1899.140 |
246.822 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(143.304) |
589.788 |
81.450 |
|
|
Other expenses |
2613.226 |
173.636 |
44.118 |
|
|
TOTAL |
2469.922 |
763.424 |
125.568 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
933.732 |
1135.716 |
121.254 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
55.463 |
92.512 |
81.111 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
878.269 |
1043.204 |
40.143 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
27.589 |
25.962 |
10.745 |
|
|
|
|
|
|
|
Add |
PRIOR PERIOD ITEMS BEFORE
TAX |
615.652 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1466.332 |
1017.242 |
29.398 |
|
|
|
|
|
|
|
Less |
TAX |
39.990 |
44.910 |
13.316 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1426.342 |
972.332 |
16.082 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Lift Purchased |
1.041 |
4.099 |
5.949 |
|
|
TOTAL IMPORTS |
1.041 |
4.099 |
5.949 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
142.63 |
97.23 |
1.61 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
42.16 |
51.60 |
6.77 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
27.60 |
60.27 |
51.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.67 |
13.33 |
0.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.57 |
0.89 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12 |
3.38 |
22.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.27 |
1.20 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
67.106 |
1039.438 |
2465.781 |
|
Net worth |
167.106 |
1139.438 |
2565.781 |
|
|
|
|
|
|
long-term borrowings |
1335.286 |
1326.231 |
476.149 |
|
Short term borrowings |
2429.791 |
2522.129 |
2404.101 |
|
Total borrowings |
3765.077 |
3848.360 |
2880.250 |
|
Debt/Equity ratio |
22.531 |
3.377 |
1.123 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
237.575 |
1884.321 |
3383.130 |
|
|
|
693.148 |
79.541 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
237.575 |
1884.321 |
3383.130 |
|
Profit |
16.082 |
972.332 |
1426.342 |
|
|
6.77% |
51.60% |
42.16% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS = NOT AVAILABLE
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
BACKGROUND
Subject was incorporated under Part IX of the Companies Act, 1956 on 09.09.2011 and obtained its Certificate of Commencement of Business on 21.11.2011 (earlier known as Nahar Enterprises). The Company is primarily engaged in the business of purchasing, selling, developing and constructing and dealing in real estate properties.
BUSINESS OPERATIONS
AND FUTURE OUTLOOK
Looking at the bright future and available opportunities in the Real Estate Sector, Nahar Enterprises, and a registered Partnership Firm was converted to Nahar Builders Limited under part IX of the Companies Act, 1956 in 20.11.2012. Company is engaged in Construction and Development of Residential and Commercial Projects since 1973.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from related parties |
2404.101 |
2522.129 |
|
Total |
2404.101 |
2522.129 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10524873 |
12/09/2014 |
1,000,000,000.00 |
JM FINANCIAL PRODUCTS LIMITED |
7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai, Maharashtra - 400025, INDIA |
C27922392 |
|
2 |
10476405 |
30/01/2014 |
500,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, Maharashtra - 400020, INDIA |
B95787248 |
|
3 |
10445284 |
02/08/2013 |
800,000,000.00 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, Maharashtra - 400020, INDIA |
B83137521 |
* Date of charge modification
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
|
1 |
Rs.93.26 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.