MIRA INFORM REPORT
|
Report No. : |
322333 |
|
Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANVO RESORTS PRIVATE LIMITED |
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|
|
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Registered
Office : |
702, Marathon Max, Junction of Mulund – Goregaon Link Road, Mulund
(West), Mumbai – 400080, Maharashtra |
|
Tel. No.: |
91-22-67728484 |
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|
|
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Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
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Date of
Incorporation : |
10.07.2001 |
|
|
|
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Com. Reg. No.: |
11-132675 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U55103MH2001PTC132675 |
|
|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
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Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Subject Is Engaged Into Real Estate Agencies. |
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|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 80000 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Marathon Realty Private Limited. It is an
established company having moderate track record. The company has taken huge external borrowings to finance its
activities which may act a threat to its liquidity. However, it has decent
profit margin during FY 2014. Trade relations are fair. Business is active. Payment terms are slow. In the view of aforesaid, subject can be considered for business
dealings with 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 PARTED BY
|
Name : |
Mr. Gurunath |
|
Designation : |
AGM Estimation |
|
Contact No.: |
91-9833670806 |
|
Date : |
13.05.2015 |
LOCATIONS
|
Registered Office : |
702, Marathon Max, Junction of Mulund – Goregaon Link Road, Mulund
(West), Mumbai – 400080, Maharashtra, India |
|
Tel. No.: |
91 -22-67728484 |
|
Mobile No.: |
91-9833670806 (Mr. Gurunath) |
|
Fax No.: |
91-22-67728407 |
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E-Mail : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Chetan Ramniklal Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
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|
Address : |
Kailash Bungalow, Devidayal Road, Mulund (West), Mumbai – 400080,
Maharashtra, India |
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Date of Birth/Age : |
13.03.1956 |
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|
Date of Appointment : |
11.08.2006 |
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DIN No.: |
00135296 |
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Other Directorship:
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Name : |
Mr. Mayur Ramniklal Shah |
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Designation : |
Director |
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Address : |
Kailash Bungalow, Devidayal Road, Mulund (West), Mumbai – 400080,
Maharashtra, India |
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Date of Birth/Age : |
13.04.1962 |
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Date of Appointment : |
30.09.2006 |
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DIN No.: |
00135504 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Gurunath |
|
Designation : |
AGM Estimation |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Marathon Realty Private Limited J/w Mr. Chetan R. Shah |
460 |
|
Marathon Realty Private Limited J/w Mr. Mavur R. Shah |
450 |
|
Mr. Dinesh Shah S/o Mr. Praful Shah |
50 |
|
Mr. Praful Shah Sio Mr. Manilal Shah |
20 |
|
Mrs. Bindu Shah Wo Mr. Dinesh Shah |
l0 |
|
Falguni Shah |
l0 |
|
Total |
1000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
91.00 |
|
Other top fifty shareholders |
9.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject Is Engaged Into Real Estate Agencies. |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Advance and Cheque |
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|
|
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Purchasing : |
Cash, Advance and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and Others
|
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Thacker Butala Desai Chartered Accountants |
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Address : |
418, Dalamal Tower, B-Wing, Free Press Journal Marg, Nariman Point,
Mumbai – 4000021, Maharashtra, India |
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Tel. No.: |
91-2204 9473/2086 |
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Fax No.: |
91-2204 0148 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFT2158F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Marathon Realty Private Limited |
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Related Party: |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves &
Surplus |
26.735 |
3.611 |
0.175 |
|
(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) |
26.835 |
3.711 |
0.275 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
75.062 |
18.215 |
3.247 |
|
(b) Deferred tax liabilities
(Net) |
1.115 |
2.648 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
76.177 |
20.863 |
3.247 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
135.949 |
89.909 |
8.031 |
|
(b) Trade payables |
152.688 |
109.929 |
59.814 |
|
(c) Other current
liabilities |
2181.061 |
1110.519 |
643.170 |
|
(d) Short-term provisions |
0.182 |
0.000 |
0.010 |
|
Total Current Liabilities
(4) |
2469.880 |
1310.358 |
711.025 |
|
|
|
|
|
|
TOTAL |
2572.892 |
1334.931 |
714.547 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
79.218 |
86.644 |
25.719 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
1.124 |
|
(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 |
0.122 |
|
(d) Long-term Loan and Advances |
51.447 |
52.969 |
47.009 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
130.665 |
139.613 |
73.974 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
50.000 |
0.000 |
|
(b) Inventories |
1783.177 |
821.911 |
446.372 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.006 |
|
(d) Cash and cash
equivalents |
24.485 |
20.778 |
10.910 |
|
(e) Short-term loans and
advances |
634.470 |
302.383 |
183.285 |
|
(f) Other current assets |
0.095 |
0.246 |
0.000 |
|
Total Current Assets |
2442.227 |
1195.318 |
640.573 |
|
|
|
|
|
|
TOTAL |
2572.892 |
1334.931 |
714.547 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
216.887 |
0.000 |
0.000 |
|
|
Other Income |
45.097 |
17.230 |
5.312 |
|
|
TOTAL (A) |
261.984 |
17.230 |
5.312 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
202.694 |
162.506 |
70.914 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
(375.540) |
(203.573) |
|
|
Other expenses |
11.159 |
214.334 |
133.854 |
|
|
TOTAL (B) |
213.853 |
1.300 |
1.195 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
48.131 |
15.930 |
4.117 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
6.796 |
3.356 |
0.395 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
41.335 |
12.574 |
3.722 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.458 |
6.368 |
2.119 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
31.877 |
6.206 |
1.603 |
|
|
|
|
|
|
|
Less |
TAX (H) |
8.753 |
2.771 |
0.137 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
23.124 |
3.435 |
1.466 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
209.338 |
46.880 |
0.000 |
|
|
TOTAL
IMPORTS |
209.338 |
46.880 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
23.12 |
3.43 |
1.47 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
10.66 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
22.19 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.24 |
0.46 |
0.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.19 |
1.67 |
5.83 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
7.86 |
29.14 |
41.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.91 |
0.90 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.175 |
3.611 |
26.735 |
|
Net worth |
0.275 |
3.711 |
26.835 |
|
|
|
|
|
|
long-term borrowings |
3.247 |
18.215 |
75.062 |
|
Short term borrowings |
8.031 |
89.909 |
135.949 |
|
Total borrowings |
11.278 |
108.124 |
211.011 |
|
Debt/Equity ratio |
41.011 |
29.136 |
7.863 |
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) |
|
Turnover |
5.312 |
17.230 |
261.984 |
|
|
|
224.360 |
1,420.511 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover |
5.312 |
17.230 |
261.984 |
|
Profit |
1.466 |
3.435 |
23.124 |
|
|
27.60% |
19.94% |
8.83% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
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 |
NOTE: Registered office of the company has been shifted from 98/2 K. R. Mahatre Margreay road (west), Mumbai – 400010, Maharashtra to the present address w.e.f. 11.08.2006
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and Advances from Related Parties |
127.718 |
82.909 |
|
Loans and Advances from Others |
8.231 |
7.000 |
|
Total |
135.949 |
89.909 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10510917 |
27/06/2014 |
400,000,000.00 |
CAPITAL FIRST LIMITED |
15TH FLOOR, TOWER -2, INDIABULLS FINANCE CENTRE,, |
C13163563 |
|
2 |
10490708 |
25/03/2014 |
250,000,000.00 |
CAPITAL FIRST LIMITED |
15TH FLOOR, TOWER -2, INDIABULLS FINANCE CENTRE,, |
C03892585 |
|
3 |
10523089 |
08/02/2014 |
5,030,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C22343412 |
|
4 |
10484069 |
25/01/2014 |
2,162,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C00143891 |
|
5 |
10457540 |
17/10/2013 |
9,774,190.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B88521760 |
|
6 |
10449004 |
27/08/2013 |
154,349,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B84968882 |
|
7 |
10444574 |
30/07/2013 |
3,355,440.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B82840497 |
|
8 |
10436490 |
27/06/2013 |
300,000,000.00 |
CAPITAL FIRST LIMITED |
15TH FLOOR, TOWER -2, INDIABULLS FINANCE CENTRE,, |
B79457966 |
|
9 |
10440837 |
06/06/2013 |
4,720,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B81012262 |
|
10 |
10415093 |
25/03/2013 |
900,000,000.00 |
CAPITAL FIRST LIMITED |
15TH FLOOR, TOWER -2, INDIABULLS FINANCE CENTRE,, |
B71820708 |
FIXED ASSETS
Tangible Assets:
- Furniture and
Fixtures
- Office
Equipment
- Motor Vehicle
- Plant and
Machinery
- Computer and
Printer
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.64.19 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.