MIRA INFORM REPORT

 

 

Report No. :

348706

Report Date :

07.11.2015

 

IDENTIFICATION DETAILS

 

Name :

KARVY REALTY (INDIA) LIMITED (w.e.f. 27.02.2008)

 

 

Formerly Known As :

KARVY REALTY AND SERVICES (INDIA) LIMITED (w.e.f. 02.01.2007)

 

KARVY REALTY AND SERVICES (INDIA) PRIVATE LIMITED (w.e.f. 26.10.2006)

 

MAJESTIC INSURANCE SERVICES PRIVATE LIMITED

 

 

Registered Office :

46, Avenue 4, Street No.1, Banjara Hills, Hyderabad – 500034, Telangana

Tel. No.:

91-40-44677400

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

11.09.2003

 

 

Com. Reg. No.:

36-041681

 

 

Capital Investment / Paid-up Capital :

Rs.100.000 Million

 

 

CIN No.:

[Company Identification No.]

U66010TG2003PLC041681

 

 

IEC No.:

Not Applicable (As claimed Ms. Ruchi - Company Secretary that company does not export and import)

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject is a real estate services company, engaged in providing advisory services and solutions.

 

 

No. of Employees :

Information declined by the management 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (41)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Karvy Realty India Limited incorporated as on September 2003 is a part of Karvy Group and subsidiary of "Karvy Stock Broking Limited". It is having satisfactory track.

 

The company has shown significant growth in its profit and has able to maintain good profit margin at 22% approx. during the year under a review.

 

Further, the rating also takes into consideration favorable gap between trade payables and trade receivables.

 

The rating also derives strength from its holding company and its experienced management.

 

Moreover, this rating strength is partially offset by accumulated losses incurred by the company.

 

Their trade relations are reported as fair. Business is active. Payments terms are reported as slow but correct.

 

In view strong holding support, the company can be considered normal for business dealings at usual trade terms and condition.

 

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

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 31-03-2015.

 

 

INFORMATION DECLINED BY

 

Name :

Mr. Pradip

Designation :

Deputy Manager

Contact No.:

91-40-44677400

Date :

06.11.2015

 

 

Name :

Ruchi

Designation :

Company Secretary

Contact No.:

91-44-23312454

Date :

06.11.2015

 

 

LOCATIONS

 

Registered Office :

46, Avenue 4, Street No.1, Banjara Hills, Hyderabad – 500034, Telangana, India

Tel. No.:

91-40-44677400

Fax No.:

Not Available

E-Mail :

compsec@karvy.com

Website:

http://www.karvyrealty.com

 

 

Branch Office :

Located at

 

  • Bangalore
  • Chandigarh
  • Chennai
  • Coimbatore
  • Gurgaon
  • Hyderabad
  • Kochi
  • Kolkata

 

 

DIRECTORS

 

AS ON 31.03.2015

 

Name :

Mr. Nitin Saxena

Designation :

Director

Address :

24-Prem Nagar, Ashok Nagar, Lucknow, 226001, Uttar Pradesh, India

Date of Birth/Age :

13.05.1968

Date of Appointment :

29.09.2006

DIN No.:

00799799

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U66010TG2003PLC041681

KARVY REALTY (INDIA) LIMITED

Director

29/09/2006

31/08/2006

-

Active

NO

 

 

Name :

Mr. Ramapriyan Prathivadi Bhayankaram

Designation :

Director

Address :

G-03 Vaishnavi Woods, #43/A 1st Main Road, J P Nagar, 3rd Phase, Bangalore - 560076, Karnataka, India

Date of Birth/Age :

20.07.1967

Date of Appointment :

29.09.2006

DIN No.:

00800157

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U66010TG2003PLC041681

KARVY REALTY (INDIA) LIMITED

Director

29/09/2006

31/08/2006

-

Active

NO

2

U65990MH1981PLC025980

KARVY CAPITAL LIMITED

Director

29/05/2015

29/05/2015

-

Active

NO

 

 

Name :

Mr. Pravinbhai Bhagwanji Amlani

Designation :

Director

Address :

C-8, Gokul Nandanvan Cooperative Housing Society Limited, Mahakali Caves Road , Andheri East, Mumbai, 400093, Maharashtra, India

Date of Appointment :

29.06.2015

DIN No.:

01312994

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74140MH1980PLC023592

NOVA CONSULTANTS LIMITED

Director

8/8/2007

20/02/2007

-

Active

NO

2

U67190MH2001PTC243895

PELICAN WEALTH ADVISORY SERVICES PRIVATE LIMITED

Director

28/09/2012

6/9/2012

6/6/2015

Active

NO

3

U66010TG2003PLC041681

KARVY REALTY (INDIA) LIMITED

Director

29/06/2015

31/03/2015

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ruchi Chawda

Designation :

Secretary

Address :

P-52, Bhavani Residency, Minister Road, Hyderabad - 500003, Telangana, India

Date of Birth/Age :

09.06.1987

Date of Appointment :

07.05.2014

PAN No:

AISPC2118B

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 02.06.2014

 

Names of Shareholders

 

No. of Shares

Karvy Stock Broking Limited, India

 

9999993

V. Mahesh representing Karvy Stock Broking Limited, India

 

1

J. Ramaswamy representing Karvy Stock Broking Limited, India

 

1

M. Uma Maheshwara Reddy representing Karvy Stock Broking Limited, India

 

1

Adhiraj Parthasarathy representing Karvy Stock Broking Limited, India

 

2

Rajat Parthasarathy representing Karvy Stock Broking Limited, India

 

1

C. Parthasarathy representing Karvy Stock Broking Limited, India

 

1

Total

 

10000000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 02.06.2014

 

Category

Percentage

Bodies corporate

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is a real estate services company, engaged in providing advisory services and solutions.

 

 

Products :

Item Code No.

Product Description

99721300

Brokerage and Commission and sale of plots

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

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 :

Not Divulged

Contact No.:

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 :

Banker Name

HDFC Bank Limited

Branch Address

1-10-60/3, 4th Floor, Suryodaya, Begumpet, Hyderabad - 500016, Andhra Pradesh, India

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 Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Rupee term loans from banks

750.000

0.000

Total

750.000

0.000

 

Auditors :

 

Name :

Lalith Prasad and Company

Chartered Accountants

Address :

402, Golden Green Apartment, 6-3-542/1 Erram Manzil Colony, Punjagutta, Hyderabad-500082, Telangana, India

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

AKAPS0065K

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company:
  • Karvy Stock Broking Limited, India [U67120TG1995PLC019877]

 

 

Fellow Subsidiary Companies:
  • Karvy Investor Services Limited
  • Karvy Comtrade Limited
  • Karvy Financial Services Limited
  • Karvy Investment Advisory Services Limited (formerly Karvy Insurance Broking Limited)
  • Karvy Forex and Currencies Pvt Limited
  • Karvy Data Management Services Limited
  • Karvy Inc., USA
  • Karvy Capital Limited, India [U65990MH1981PLC025980]
  • Karvy Holdings Limited, India [U65993TG2011PLC077813]
  • Karvy Asia Pacific Pte Limited, Singapore
  • Karvy Middle East LLC., Dubai

 

 

Associate:
  • Karvy Data Management Services Limited, India [U72300TG2008PLC058738]

 

 

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

(45.184)

(76.630)

(42.169)

(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)

54.816

23.370

57.831

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

1701.153

951.153

951.153

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

0.072

0.088

0.262

Total Non-current Liabilities (3)

1701.225

951.241

951.415

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

9.206

34.413

29.987

(c) Other current liabilities

421.988

160.130

168.791

(d) Short-term provisions

0.005

0.093

0.468

Total Current Liabilities (4)

431.199

194.636

199.246

 

 

 

 

TOTAL

2187.240

1169.247

1208.492

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

115.665

118.274

122.267

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

113.023

110.902

0.000

(iv) Intangible assets under development

0.000

0.000

110.902

(b) Non-current Investments

950.000

0.000

125.000

(c) Deferred tax assets (net)

8.685

8.984

9.387

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1187.373

238.160

367.556

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

439.111

443.802

322.805

(c) Trade receivables

272.312

271.860

247.291

(d) Cash and cash equivalents

2.850

5.135

7.236

(e) Short-term loans and advances

285.594

210.290

263.604

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

999.867

931.087

840.936

 

 

 

 

TOTAL

2187.240

1169.247

1208.492

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

139.560

131.365

53.973

 

Other Income

30.618

2.570

3.238

 

TOTAL (A)

170.178

133.935

57.211

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

0.000

0.000 

18.373

 

Employees benefits expense

11.611

12.280

21.238

 

Other expenses

123.704

151.929

24.732

 

TOTAL (B)

135.315

164.209

64.343

 

 

 

 

 

Less

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

34.863

(30.274)

(7.132)

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

2.097

0.007

0.008

 

 

 

 

 

 

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

32.766

(30.281)

(7.140)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

1.021

3.777

3.773

 

 

 

 

 

 

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

31.745

(34.058)

(10.913)

 

 

 

 

 

Less

TAX (H)

0.299

0.402

(0.677)

 

 

 

 

 

 

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

31.446

(34.460)

(10.236)

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

3.14

(3.45)

(1.02)

 

 

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 flows from (used in) operations

182.682

(121.781)

4.180

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

22.53

(26.23)

(18.97)

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

24.98

(23.05)

(13.21)

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.85

(3.25)

(1.13)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.58

(1.46)

(0.19)

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

31.03

40.70

16.45

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.32

4.78

4.22

 

 

 

 

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

(42.169)

(76.630)

(45.184)

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

57.831

23.370

54.816

 

 

 

 

long-term borrowings

951.153

951.153

1701.153

Short term borrowings

0.000

0.000

0.000

Total borrowings

951.153

951.153

1701.153

Debt/Equity ratio

16.447

40.700

31.034

 

 

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

53.973

131.365

139.560

 

 

143.390

6.238

 

 

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

53.973

131.365

139.560

Profit

(10.236)

(34.460)

31.446

 

(18.97%)

(26.23%)

22.53%

 

 

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

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

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loans and advances from related parties

951.153

951.153

Total

951.153

951.153

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10582605

19/05/2015

320,000,000.00

IL & FS TRUST COMPANY LIMITED

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA
, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA
- 400051, INDIA

C55945489

 

FIXED ASSETS

 

Tangible assets

 

 

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 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.65.79

UK Pound

1

Rs.99.95

Euro

1

Rs.71.55

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

6

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

5

--RESERVES

1~10

3

--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

 

41

 

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.