MIRA INFORM REPORT
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Report No. : |
347690 |
|
Report Date : |
01.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
R E INFRA PRIVATE LIMITED |
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Registered
Office : |
Skyrise Apartment, 1st Floor, A Wing, Plot No. 240, Central
Avenue Road, Chembur, Mumbai – 400071, Maharashtra |
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Mob. No.: |
91-9820009824 (Mr. Sunil Bijlani) |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.10.2007 |
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Com. Reg. No.: |
11-175255 |
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Capital
Investment / Paid-up Capital : |
Rs. 16.347 Million |
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CIN No.: [Company Identification
No.] |
U74999MH2007PTC175255 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 700000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
R E Infra Private Limited is the group company of “Force Universal”,
and it is a renowned provider of world-class infrastructure. It was incorporated
in the year 2007 and it is having a satisfactory track record. The rating derives strength from its promoters’ extensive experience
in the construction industry and its healthy order book. The ratings also
factor in company’s healthy financial risk profile marked by comfortable net
worth, moderate gearing, and above-average debt protection metrics. This rating strength is partially offset by company’s
working-capital-intensive operations and exposure to risks inherent in
tender-based business, to intense competition in the construction sector and
to risks relating to project implementation and offtake in its real estate
ventures. However, trade relations seems to be fair. Business is active. Payment
terms are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with its 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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Long Term Bank Facilities = BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk |
|
Date |
October 2014 |
|
Rating Agency Name |
CRISIL RATING |
|
Rating |
Short Term Bank Facilities = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
October 2014 |
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 DENIED BY
|
Name : |
Mr. Sunil Bijlani |
|
Designation : |
Director |
|
Contact No.: |
91-9820009824 |
|
Date : |
29.10.2015 |
LOCATIONS
|
Registered Office : |
Skyrise Apartment, 1st Floor, A Wing, Plot No. 240, Central
Avenue Road, Chembur, Mumbai – 400071, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9820009824 (Mr. Sunil Bijlani) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Sunil Gul Bijlani |
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Designation : |
Director |
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Address : |
702, Madhuri Building, J. P. Marg, Near RBI Quarters, Chembur, Mumbai - 400071, Maharashtra, India |
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Date of Birth/Age : |
16.12.1971 |
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Date of Appointment : |
22.10.2007 |
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DIN No.: |
01654461 |
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Name : |
Alisha Raju Bijlani |
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Designation : |
Director |
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Address : |
D/153, Shivkurpa, 1st Floor, Behind Jain Temple, Off 10th Road, Gaothan, Chembur, Mumbai - 400071, Maharashtra, India |
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Date of Birth/Age : |
17.12.1973 |
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Date of Appointment : |
22.10.2007 |
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DIN No.: |
01654504 |
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Other Directorship :
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Name : |
Shobha Gul Bijilani |
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Designation : |
Director |
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Address : |
D/153, Shivkripa, 1st Floor, Behind Jain Mandir, Gaotham, Chembur, Mumbai - 400071, Maharashtra, India |
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Date of Birth/Age : |
12.04.1949 |
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Date of Appointment : |
01.01.2009 |
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DIN No.: |
02380645 |
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Other Directorship :
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Name : |
Kapil Bakhitianee |
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Designation : |
Additional Director |
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Address : |
Ag Block 256,, Shalimar Baug, New Delhi – 110052, India |
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Date of Appointment : |
01.10.2015 |
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DIN No.: |
07297242 |
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Name : |
Nitin Hiralal Punjabi |
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Designation : |
Director |
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Address : |
1101 Ari Ana Raheja Phase II, Deonar Behind Telecom Factory, Mumbai - 400088, Maharashtra, India |
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Date of Appointment : |
15.10.2015 |
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DIN No.: |
07311901 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Sunil Gul Bijlani |
|
1160389 |
|
Mrs. Alisha Raju Bijlani |
|
40400 |
|
Mrs. Vandana Sunil Bijlani |
|
40400 |
|
Mrs. Shobha Gul Bijlani |
|
40400 |
|
Mr. Murlinarayan |
|
101 |
|
Mr. Gul K. Bijlani |
|
107565 |
|
Mr. Raju Gul Bijlani |
|
245430 |
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|
|
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Total |
|
1634685 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
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Products : |
Not Divulged |
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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 : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
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Name : |
Agarwal and Agarwal Associates Chartered Accountant |
|
Address : |
3-63, Nityanand Nagar, Vibhag IV, Sahar Road, Andheri (East), Mumbai –
400069, Maharashtra, India |
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Tel. No.: |
91-22-26840916/26835699 |
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E-Mail : |
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PAN No.: |
AAAPA9728P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1634685 |
Equity Shares |
Rs.10/- each |
Rs. 16.347
Million |
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|
|
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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 |
16.347 |
16.347 |
0.162 |
|
(b) Reserves & Surplus |
261.263 |
221.869 |
201.685 |
|
(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) |
277.610 |
238.216 |
201.847 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
142.853 |
90.068 |
10.392 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
119.004 |
325.841 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
261.857 |
415.909 |
10.392 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
212.371 |
186.964 |
245.009 |
|
(b) Trade
payables |
108.182 |
89.793 |
121.367 |
|
(c) Other
current liabilities |
64.122 |
114.877 |
456.651 |
|
(d) Short-term
provisions |
8.496 |
6.180 |
8.474 |
|
Total Current
Liabilities (4) |
393.171 |
397.814 |
831.501 |
|
|
|
|
|
|
TOTAL |
932.638 |
1051.939 |
1043.740 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
198.720 |
164.559 |
199.728 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
19.908 |
16.408 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
218.628 |
180.967 |
199.728 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
50.048 |
83.611 |
50.167 |
|
(b)
Inventories |
16.583 |
7.705 |
0.000 |
|
(c) Trade
receivables |
96.589 |
101.269 |
212.863 |
|
(d) Cash
and cash equivalents |
4.156 |
43.682 |
2.283 |
|
(e)
Short-term loans and advances |
306.803 |
209.979 |
283.151 |
|
(f) Other
current assets |
239.831 |
424.726 |
295.548 |
|
Total
Current Assets |
714.010 |
870.972 |
844.012 |
|
|
|
|
|
|
TOTAL |
932.638 |
1051.939 |
1043.740 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
849.823 |
596.380 |
NA |
|
|
Other Income |
6.096 |
3.995 |
NA |
|
|
TOTAL |
855.919 |
600.375 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
288.605 |
202.958 |
NA |
|
|
Purchases of Stock-in-Trade |
347.984 |
249.095 |
NA |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
7.705 |
0.000 |
NA |
|
|
Employees benefits expense |
31.390 |
21.889 |
NA |
|
|
Other expenses |
102.886 |
79.531 |
NA |
|
|
TOTAL |
778.570 |
553.473 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
77.349 |
46.902 |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.969 |
7.874 |
NA |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
66.380 |
39.028 |
NA |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.242 |
5.393 |
NA |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
55.138 |
33.635 |
NA |
|
|
|
|
|
|
|
Less |
TAX |
19.112 |
11.572 |
NA |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
36.026 |
22.063 |
46.377 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.04 |
13.50 |
28.37 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.24 |
3.70 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.10 |
7.86 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.91 |
3.20 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.14 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.28 |
1.16 |
1.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.82 |
2.19 |
1.02 |
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 |
0.162 |
16.347 |
16.347 |
|
Reserves & Surplus |
201.685 |
221.869 |
261.263 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
201.847 |
238.216 |
277.610 |
|
|
|
|
|
|
long-term borrowings |
10.392 |
90.068 |
142.853 |
|
Short term borrowings |
245.009 |
186.964 |
212.371 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
255.401 |
277.032 |
355.224 |
|
Debt/Equity
ratio |
1.265 |
1.163 |
1.280 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
596.380 |
849.823 |
|
|
|
42.497 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
596.380 |
849.823 |
|
Profit |
22.063 |
36.026 |
|
|
3.70% |
4.24% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
No |
|
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 two 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 |
NOTE: Registered office of the company has been
shifted from 3, Gagantara, 73, Pestom Sagar, Road No.2, Chembur, Mumbai –
400089, Maharashtra, India to the present
address w.e.f. 01.01.2012.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Murli Narayan |
54.050 |
49.999 |
|
Alisha Bijlani |
0.000 |
1.000 |
|
Shobha Bijlani |
0.945 |
10.488 |
|
Gul K. Bijlani |
24.210 |
0.810 |
|
Sunil Gul Bijlani |
15.580 |
5.147 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Bank overdraft – ING Vysya Bank |
209.558 |
166.625 |
|
State Bank of Bikaner and Jaipur |
2.813 |
20.339 |
|
|
|
|
|
Total |
307.156 |
254.408 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10577070 |
15/04/2015 |
5,387,656.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C56839251 |
|
2 |
10565813 |
12/01/2015 |
3,062,302.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C50594373 |
|
3 |
10565686 |
31/12/2014 |
21,622,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C50594514 |
|
4 |
10572558 |
08/12/2014 |
3,275,228.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C54461553 |
|
5 |
10541736 |
15/11/2014 |
40,000,000.00 |
UNION BANK OF INDIA |
Mid Corporate Branch,Jogeshwari,Shop No. 6 & 7, Ayesha Tower,Near MTNL,S.V.Road, Jogeshwari West, Mumbai, Maharashtra - 400102, INDIA |
C39819446 |
|
6 |
10569497 |
28/10/2014 |
3,644,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C53682720 |
|
7 |
10515371 |
12/07/2014 |
5,040,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C16720690 |
|
8 |
10534384 |
05/04/2014 |
13,210,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C35674704 |
|
9 |
10523328 |
15/03/2014 |
5,141,972.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
C22899348 |
|
10 |
10467628 |
13/12/2013 |
2,266,800.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, Gujarat - 380006, INDIA |
B92528900 |
* Date of charge modification
FIXED ASSETS
- Air
Conditioner
- Computer and
Printer
- Office
Equipment
- Motor Car
- Truck Mixer
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. 65.22 |
|
UK Pound |
1 |
Rs. 99.93 |
|
Euro |
1 |
Rs. 65.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
45 |
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.