MIRA
INFORM REPORT
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Report Date : |
24th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
P R
AGRO NUTRI PRIVATE LIMITED |
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Registered Office : |
Plot No. 1320, House No. 8-3-319/8/9,
Yellareddyguda, Hyderabad – 500 073, Andhra Pradesh, India |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
29.05.2002 |
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Com. Reg. No.: |
01-39042 |
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CIN No.: [Company
Identification No.] |
U24299AP2002PTC039042 |
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IEC No.: |
0902003020 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDP01315G |
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PAN No.: [Permanent
Account No.] |
AACCP5170D |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturing
or Producing, Formulating, Refining Processing, Importing, Purchasing,
Acquiring, Leasing, Selling, Trading, Hiring, or Dealing in Whether as
Principals and or Agents in all kinds of Fertigation Systems. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
35000 |
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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 : |
Subject
is a well – established company having moderate track. Profit margin is very
low. Trade relations are fair. Payments are slow but correct. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office : |
Plot No. 1320, House No. 8-3-319/8/9,
Yellareddyguda, Hyderabad – 500 073, Andhra Pradesh, India |
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Tel. No.: |
91-40-23743192 |
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Fax No.: |
91-40-23743192 |
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E-Mail : |
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Website : |
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Area : |
23000
Sq. ft |
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Location : |
Leased
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Administrative Office |
G –1,
Sai Keerthi Towers, H No. 7-1-396/2-8, B K Guda, S R Nagar, Hyderabad |
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Branches
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PUNE : Flat
No: 6, Grafikon Paradise, Plot No : 54/55, Survey No : 19/2&20/1, NIBM
Road, Kondhwa, Khurd, Pune – 411 048. Tel.No : 91-20-26853803, 9422003602.
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DIRECTORS
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Name : |
Mrs.
D. Parvathi Devi |
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Designation : |
Director
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Address : |
Plot
No. 1320, H- No. 8-3-319/8/9, Yellaredyguda, Hyderabad – 500 073, Andhra
Pradesh |
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Date of Birth/Age : |
06.08.1967 |
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Date of Appointment : |
29.05.2002 |
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Name : |
Mrs.
K. Sri lakshmi |
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Designation : |
Director |
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Address : |
303,
Venkata Rama Apartment, Thakur Mansion Lane, Station No. 8, Somajiguda,
Hyderabad – 500 082, Andhra Pradesh |
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Date of Birth/Age : |
30.08.1967 |
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Qualification : |
B.Com |
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Experience : |
7
years |
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Date of Appointment : |
11.11.2002 |
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Name : |
Mr. D. V. Rama Raju |
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Designation : |
Managing Director |
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Address : |
Plot No. 1320, H- No. 8-3-319/8/9,
Yellaredyguda, Hyderabad – 500 073, Andhra Pradesh |
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Date of Birth/Age : |
02.08.1963 |
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Qualification : |
M.Sc. (Ag.) |
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Experience : |
17 years |
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Date of Appointment : |
11.11.2002 |
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Name : |
Mr. K. Praveen Kumar |
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Designation : |
Director |
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Address : |
303, Venkata Rama Apartment, Thakur
Mansion Lane, Station No. 8, Somajiguda, Hyderabad – 500 082, Andhra Pradesh |
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Date of Birth/Age : |
16.07.1960 |
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Qualification : |
B. Sc. (Ag.) |
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Experience : |
20 years |
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Date of Appointment : |
11.11.2002 |
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Name : |
Mr. S. S. N. Raju |
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Designation : |
Director
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Address : |
HIG –
78, Housing Board Colony, Bhimavaram, West Godavari District |
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Date of Birth/Age : |
15.06.1938 |
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Qualification : |
Inter |
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Experience : |
29.05.2002 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Mr. D.
V. Rama Raju |
183000 |
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Mr. K.
Praveen Kumar |
169500 |
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Mr. S.
S. N. Raju |
11000 |
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Mrs.
D. Parvathi Devi |
11000 |
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Mrs.
K. Srilakshmi |
65500 |
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Mr. N.
V. S. S. Ravi Prasad |
20000 |
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Mr.
Munmun Raut |
5000 |
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Mr.
Ravinderjit Singh |
10000 |
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Mr.
Battini Lakshmi |
10000 |
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Mr.
Ganesh S. Mapari |
10000 |
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Mr.
Anup Kaumar Raut |
35000 |
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Mr. B.
Vinay Kumar |
20000 |
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Mr.
Sachin Kulkarni |
5000 |
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Ms.
Sonali Kulkarni |
5000 |
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Mr. D
V Krishna Varma |
10000 |
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Mr.
Saman Preet Kaur |
10000 |
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Mr.
Manoj Pal |
10000 |
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Mr. V
V Satyavathi Dantuluri |
10000 |
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Ms.
Radhika Raju Dantuluri |
10000 |
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Mr.
Shanmukha Saravanan |
20000 |
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Mr. D
Venkatapathi Raju |
10000 |
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Mr.
NVSS Ravi Prased |
52500 |
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Mr.
Cheruuvu Karuna |
7500 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing
or Producing, Formulating, Refining Processing, Importing, Purchasing,
Acquiring, Leasing, Selling, Trading, Hiring, or Dealing in Whether as
Principals and or Agents in all kinds of Fertigation Systems. |
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Products : |
v
KNO3
: 13-00-45 - AgriPLUS v
M.A.P
: 12-61-00 - AgriPLUS v
M.K.P.
: 00-52-34 – AgriPLUS v
N-P-K’S
: 19-19-19, 20-20-20,
13-40-13- AgriPLUS v
S.O.P.
: 00-00-50 - SoluPotasse v
CaNO3 : 15.5-00-00-18.8 Ca - CaNsol v
Fe-EDTA
– Rexoline ® v
Fe-DTPA - Rexoline ® v
Fe-EDDHA
– Rexoline ® v
Zn-EDTA
– Rexoline ® v
Ca-EDTA
– Rexoline ® v EDTA Mix – Rexoline ® |
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Agencies Held : |
v
Haifa
Chemicals Limited, Haifa, Israel v
Tessenderlo
Chemie N.V / S.A. Brussels, Belgium v
Poni
France Limited, Mont Pellier, France v
Yara
International ASA, Norway v
Akzo
Nobel Functional Chemicals B V, The Netherlands |
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Imports from : |
Israel,
Belgium and France |
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Terms : |
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Selling : |
Cash
and Credit (60/90 days – depends upon customers) terms |
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Purchasing : |
Draft
[+ 90/120 days], CAD or L/C (90/120 days) terms |
GENERAL
INFORMATION
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Customers : |
Wholesalers, Retailers and End Users. |
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No. of Employees : |
24 |
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Bankers : |
˜
State Bank of India, Yellareddyguda Branch, Srinagar Colony Road,
Hyderabad - 500073, Andhra Pradesh ˜
UTI Bank Limited, Jubilee Hills Branch, Commercial Complex, Ground
Floor, Plot No. 11, Road No. 1, Film Nagar, Jubilee Hills, Hyderabad – 500
034, Andhra Pradesh ˜
ING Vysys Bank Limited, Saradar
Patel Road Branch, Secunderabad – 500003
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Facilities : |
-- |
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Banking Relations : |
Satisfactory
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Auditors : |
P. R.
Datla & Company Chartered
Accountants |
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Address: |
Lakshmi
Prasanna Nilayam, Durganagar Colony, Ameerpet, Hyderabad – 500 016, Andhra
Pradesh |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
700000 |
Equity Shares |
Rs.10/-
each |
Rs. 7.000 millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
700000 |
Equity Shares |
Rs.10/-
each |
Rs. 7.000 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
7.000 |
7.000 |
3.000 |
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2] Share Application Money |
0.000 |
0.000 |
2.100 |
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3] Reserves & Surplus |
2.251 |
0.881 |
0.104 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
9.251 |
7.881 |
5.204 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
5.321 |
1.923 |
2.625 |
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TOTAL BORROWING |
5.321 |
1.923 |
2.625 |
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DEFERRED TAX LIABILITIES |
0.153 |
0.046 |
0.000 |
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TOTAL |
14.725 |
9.850 |
7.829 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.998 |
0.388 |
0.118 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
4.908 |
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Sundry Debtors |
0.000
|
0.000 |
2.593 |
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Cash & Bank Balances |
1.700
|
2.714 |
0.707 |
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Other Current Assets |
21.050
|
10.464 |
0.000 |
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Loans & Advances |
0.733
|
0.466 |
1.119 |
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Total Current Assets |
23.483
|
13.644 |
9.327 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
10.293
|
4.265 |
1.464 |
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Provisions |
0.514
|
0.000 |
0.263 |
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Total Current Liabilities |
10.807
|
4.265 |
1.727 |
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Net Current Assets |
12.676
|
9.379 |
7.600 |
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MISCELLANEOUS EXPENSES |
0.051 |
0.083 |
0.111 |
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TOTAL |
14.725 |
9.850 |
7.829 |
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PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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Sales Turnover [including other income] |
80.376 |
38.793 |
18.965 |
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Profit/(Loss)
Before Tax |
2.162 |
1.227 |
0.152 |
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Provision
for Taxation |
0.791 |
0.442 |
0.047 |
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Profit/(Loss)
After Tax |
1.370 |
0.785 |
0.105 |
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Import
Value |
NA |
NA |
14.188 |
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Total
Expenditure |
78.213 |
37.566 |
18.813 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
PAT / Total Income |
(%) |
1.70
|
2.02 |
0.55 |
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Net
Profit Margin (PBT/Sales) |
(%) |
2.68
|
3.16 |
0.80 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
8.48
|
8.74 |
1.60 |
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Return
on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.15 |
0.02 |
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Debt
Equity Ratio (Total
Liability/Networth) |
|
1.74
|
0.78 |
0.83 |
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Current
Ratio (Current
Asset/Current Liability) |
|
2.17
|
3.19 |
5.40 |
LOCAL AGENCY
FURTHER INFORMATION
Operations
During
the year under review the company had achieved a gross turnover of Rs. 80.375
(Previous Year – Rs. 38.793) and after providing for depreciation had resulted
in a net profit after tax of Rs. 1.369 (Previous Year – Rs. 0.785)
Credit
Facility from State Bank of India
M/s.
State Bank of India, yellareddyguda Branch had vide their letter dated
01.03.2004 sanrtioned the company cash credit limits of Rs. 2.500 millions and
foreign letters of credit limits of Rs. 9.500 millions all the formalities
relating to the said CC and FLC limits had been completed and the company had
been availing the aforesaid limits from M/s. State Bank of India
Fixed
Assets
v
Furniture
& Fixture
v
Computer
v
Plant
& Machinery
v
Cars
|
Name of the company |
P R
AGRO NUTRI PRIVATE LIMITED |
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Presented By |
Mr. D V Rama Raju |
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1) Date and description of instrument creating the change |
Dated 25.03.2003 Agreement for hypothecation of stock in trade, machinery, book debts, bills and all other movables |
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2) Amount secured by the charge/amount owing on the securities of charge |
Cash credit limit – Rs. 1.000 Millions Import LC (90 days) Rs. 5.000 Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of stocks hypothecation of receivable book debts aged not more than 90 days will be considered for arriving at DP though entire book debts imported document received under LC |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Book the limit are valid up to 03.01.2004 and the limit should got renewed before the validity period Rate of Interest Cash Credit – PLR + 3.50% - Present PLR 11.50% Import LC – as per FEDAI rules and CO cir issued Margin Cash Credit – 25% on stocks and 50% on receivable Import LC – 15% in term Deposits |
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5) Name and Address and description of the person entitled to the charge. |
ING Vysys Bank Limited, Saradar Patel Road Branch, Secunderabad – 500003 |
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6) Date and brief description of instrument modifying the charge |
Not Applicable |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
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Name of the company |
P R
AGRO NUTRI PRIVATE LIMITED |
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Presented By |
D Venkata Rama Raju |
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1) Date and description of instrument creating the change |
07.05.2004 Form C1 – Agreement of loan for overall limit for Rs. 12.000 Millions Form C2 – Agreement of hypothecation of goods and assets for Rs. 12.000 Millions Form C3 – Form C4 and Form C5 – Letter regarding grant of individual limits within the overall limit (Cash credit limit of Rs. 2.500 Millions and foreign letters of credit limit of Rs. 9.500 Millions ) |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 12.000 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of stocks, receivable, book debts and other assets including packing material |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Terms and conditions Security – Primary – Hypothecation of stocks of goods and receivable, book debts Collateral security and Guarantees Equitable mortgage of the properties detailed in the annexure and personal guarantee of Sarvashri D Venkataramaraju, MD, K Praveen Kumar D, S Satyannaranaraj, D Parvathi Devi Director of the company Rate of Inertest – 2.50% above SBAR minimum 12.75% with monthly rests as applicable to credit rating SB – 4 Margin – 25% on stocks, 40% on receivables and a cash margin of 25% on letter of credit |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of India, Yellareddyguda Branch, Srinagar Colony Road, Hyderabad - 500073, Andhra Pradesh |
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6) Date and brief description of instrument modifying the charge |
24.01.2006 Form C1A, Supplemental of loan for increase in overall limit) for Rs. 17.000 Form C2A – (Supplemental agreement of hypothecation of goods and assets for increased in overall limit) for Rs. 17.000 Form C4A – (Supplemental deed of guarantee for increased in overall limit) Rs. 17.000 SME – 7, (Memorandum for recording extension of mortgage by deposit of title deeds covering enhanced limits) Rs. 17.000 |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Cash Credit – Rs. 2.500 (Original Limit) – Rs. 7.500 (Enhanced Limit) Foreign Letter of Credit - Rs. 9.500 (Original Limit) – Rs. 9.500 (Enhanced Limit) Terms and conditions Security – Primary – Hypothecation of stocks of goods and receivable, book debts Collateral security and Guarantees Equitable mortgage of the properties detailed in the annexure and personal guarantee of Sarvashri D Venkataramaraju, MD, K Praveen Kumar D, S Satyannaranaraj, D Parvathi Devi Director of the company Rate of Inertest – 1.50% above SBAR minimum 11.75% with monthly rests as applicable to credit rating SB – 2 Margin – 25% on stocks, 40% on receivables and a cash margin of 25% on letter of credit |
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|
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Name of the company |
P R
AGRO NUTRI PRIVATE LIMITED |
|
Presented By |
D Venkata Rama Raju |
|
1) Date and description of instrument creating the change |
07.05.2004 Form C1 – Agreement of loan for overall limit for Rs. 12.000 Millions Form C2 – Agreement of hypothecation of goods and assets for Rs. 12.000 Millions Form C3 – Form C4 and Form C5 – Letter regarding grant of individual limits within the overall limit (Cash credit limit of Rs. 2.500 Millions and foreign letters of credit limit of Rs. 9.500 Millions ) |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 12.000 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of stocks, receivable, book debts and other assets including packing material |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Terms and conditions Security – Primary – Hypothecation of stocks of goods and receivable, book debts Collateral security and Guarantees Equitable mortgage of the properties detailed in the annexure and personal guarantee of Sarvashri D Venkataramaraju, MD, K Praveen Kumar D, S Satyannaranaraj, D Parvathi Devi Director of the company Rate of Inertest – 2.50% above SBAR minimum 12.75% with monthly rests as applicable to credit rating SB – 4 Margin – 25% on stocks, 40% on receivables and a cash margin of 25% on letter of credit |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of India, Yellareddyguda Branch, Srinagar Colony Road, Hyderabad - 500073, Andhra Pradesh |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Not Applicable |
As
per Website Details:
M/s PR Agro Nutri (Pvt.) Limited, Hyderabad is a company promoted by a
group of technically qualified agricultural professionals in Indian Fertilizer
Industry. PR Agro has grown to the level of one of the top 3 leading 100% Water
Soluble Fertilizers importers and marketers in India. Their aim is to provide
Complete Nutrient Solutions to every crop/plant to make the globe green .
The main sources of our imports:
M/s Haifa Chemicals Ltd., Haifa, Israel for products like KNO3, MAP, MKP
and Soluble NPK’s.
M/s Tessenderlo Chemie NV/SA, Brussels, Belgium for Soluble S.O.P.,
M/s Yara International, Norway for Calcium Nitrate Solution Grade.
They market their products in 11 States supported by 9 Branch Offices (List enclosed) and 16 ware houses to cater
to the needs of dealers and farmers of different regions in different states of
India.
The products imported by us are tested and approved by various Central and
State Government Research Institutes, Universities etc..
About Us
M/s PR Agro Nutri (Pvt.) Limited, Hyderabad is a company promoted by a
group of technically qualified agricultural professionals in Indian Fertilizer
Industry. PR Agro has started it’s business operations in India, during the 3rd
quarter of the year 2002. With in a short span of 2 years PR Agro has grown to
the level of one of the top 3 leading 100% Water Soluble Fertilizers importers
and marketers in India. Their aim is to provide Complete Nutrient Solutions to
every crop/plant to make the globe green. PR Agro is importing and marketing
all Primary, Secondary and Micro Nutrients in the form of 100% Water Soluble
Specialty Fertilizers from world’s top quality manufacturers and leading
suppliers.
M/s Haifa Chemicals Ltd., Haifa, Israel for products like KNO3, MAP, MKP
and Soluble NPK’s.
M/s Tessenderlo Chemie NV/SA, Brussels, Belgium for Soluble S.O.P.,
M/s Yara International, Norway for Calcium Nitrate Solution Grade.
PR
Agro is currently marketing these products in 11 States supported by 9 Branch
Offices ( List enclosed ) and 16 ware houses to
cater to the needs of dealers and farmers of different regions in different
states of India. PR Agro provides agronomic support to it’s customers through
their well qualified and trained Agronomists with exposure to International
Agriculture. Their marketing team possesses strong technical knowledge and
field experience to train, guide and attend to the needs of farmers.
The products
imported by us are tested and approved by various Central and State Government
Research Institutes, Universities etc..
Their clientele ranges from progressive leading farmers to corporate companies
which are into processed agri-output business, seed production, floriculture
etc., etc...
Products
They import the
following products and their application is briefly narrated as under:
AgriPLUSTM KNO3 (13-0-45):
It
is the only fertilizer which has 100% nutrients and in the readily available
form, hence taken up by the plants immediately. In addition to its usage for
nutrition, AgriPLUS KNO3 is also used as a flower inducer in Mango, as a
dormancy breaking agent in deciduous fruit crops like Grapes, Apple etc., and
as a Pesticide in Citrus to keep mite and scale insects population under check
when sprayed at high concentrations. It is compatible with most of the commonly
used pesticides and fungicides, and hence
low application costs.
AgriPLUSTM NPKs (19-19-19+, 20-20-20+,
13-40-13+):
A
family of NPK Chlorine free complex fertilizers, fully soluble in water
(available with or without Magnesium (Mg) and other micro nutrients). Available
in dry, crystalline form, containing N-P-K in various ratios to meet the
nutritive requirements of any particular crop at different growth stages. PR
Agro Nutri Private Limited.
AgriPLUSTM
MAP (12-61-0):
Mono-ammonium phosphate, a fully water-soluble and a very efficient N-P
fertilizer. Recommended for fertigation and foliar applications, when ever
phosphorous requirement of a crop is high.
AgriPLUSTM
MKP (0-52-34):
Mono-potassium phosphate, a new high concentration P & K fertilizer.
Recommended for fertigation, at crop stages when Nitrogen requirement is at
low. It can also be used for foliar application in flowers, fruits and
vegetables, particularly at pre-flowering and fruiting stages to induce more
number of flowers and fruits.
SoluPotasse/Sol
K® - Soluble S.O.P (0-0-50):
Soluble S.O.P is a fully water soluble Potassic fertilizer. Recommended for
fertigation in fruit crops during maturity and ripening stages as a source of
Potassium.
CaNsol® - Calcium
Nitrate solution grade(15.5-0-0-18.8):
Calcium Nitrate solution grade is a fully water soluble fertilizer. Recommended
for fertigation in Horticulture and Floriculture and for foliar nutrition in
crops such as Tomato, Potato, Groundnut etc., where ever calcium requirement of
a crop is high and nitrate nitrogen is essentially required.
Rexolin® Chelated
Micro Nutrients and their Mixtures :
Fully Chelated Micronutrients (EDTA, EDDHA, DTPA compounds) due to their
availability at all ranges of soil and water pH are recommended for fertigation
and foliar nutrition in all the crops.
Water Soluble
Fertilizers
WHY 100% WATER
SOLUBLE FERTILIZERS
Water
is the main and scarce input for agriculture and the need to ensure maximum
utilization of the same needs hardly over emphasized. The best and possible way
of efficiently managing both Water and Nutrients is the adoption of Micro
Irrigation technique.
The Micro Irrigation Systems (Drip/Sprinklers) acts as a vehicle not only for
carrying and delivering small quantities of Water at frequent intervals at the
root zone, but also in delivering the Nutrients. This technique
(Fertigation) will help in minimizing the
losses of water and applied nutrients, which are estimated to be more than 60%
under traditional methods of application.
The concept of Fertigation further made it possible to apply the exact
quantities of different nutrients in right proportions for a crop, according to
its needs at different growth stages. For this method of application, 100%
water - soluble fertilizers is required to ensure that the nutrients do not
clog the micro irrigation system.
The
need for use of a new class of complete water soluble fertilizers which are
free from harmful elements has been felt in order to ensure maximum usage of
the nutrients. Considering the importance of Water Soluble Fertilizers for
different nutrients in India and taking into account that they are readily and
easily available, we foresee huge potential for the application of the WATER
SOLUBLE FERTILISERS to cater to the requirements of the farming community.
LIST & SOURCES
OF 100% WATER SOLUBLE FERTILIZERS IMPORTED AND MARKETED IN INDIA
|
Sl.No. |
Name of
Fertilizer |
TradeMark/Brand
Name |
Available
Packings |
Sources |
|
1. |
Potassium Nitrate
|
AgriPLUSTM KNO3 |
25 Kg. |
Haifa Chemicals
Ltd., Israel. |
|
2. |
Mono Potassium
Phosphate |
AgriPLUSTM M.K.P |
25 Kg. |
-DO- |
|
3. |
Mono Ammonium
Phosphate |
AgriPLUSTM M.A.P |
25 Kg. |
-DO- |
|
4. |
NPK 20-20-20+ |
AgriPLUSTM NPK |
25 Kg. |
-DO- |
|
5. |
NPK 19-19-19+
(100% Water Soluble) |
AgriPLUSTM NPK |
25 Kg. |
-DO- |
|
6. |
NPK 13-40-13+ |
AgriPLUSTM NPK |
25 Kg. |
-DO- |
|
7. |
Calcium Nitrate |
CaNsol® |
25 Kg. |
YARA
International Inc, Norway.. |
|
8. |
Sulfate of Potash
|
Solu Potasse/ Sol
– K® |
25 Kg. |
Tessenderlo
ChemieNV/SA, Belgium |
|
9. |
Fe – EDTA (13%) |
Rexolin® E-Fe-13 |
0.500 Kg |
Akzo Nobel
Functional Chemicals B.V, TheNetherlands |
|
10. |
Fe – DTPA (12%) |
Rexolin® –D-12 |
25 Kg. |
-DO- |
|
11. |
Fe – EDDHA (6%) |
Rexolin® Q |
1Kg |
-DO- |
|
12. |
Zn – EDTA (15%) |
Rexolin® E-Zn-15 |
0.500 Kg |
-DO- |
|
13. |
Ca-EDTA (9.7%) |
Rexolin® Ca |
0.500 Kg |
-DO- |
|
14. |
EDTA MIX |
Rexolin® CXK |
0.500 Kg |
-DO- |
Fertigation
AGRONOMIC & ECONOMIC EFFICIENCY:
In
the Fertigation and Foliar Nutrition studies taken up on a vide range of crops
at different Agricultural Universities/Research Institutes as well as
Progressive Farmers fields, Specialty Fertilizers are found to be very
effective, not only in increasing the yields and improving the quality of
produce but also the economic efficiency.
Fertigation
Trials:
Fertigation with Specialty Fertilizers has helped in increasing the yields of
different crops ranging from 12% to 76%. In addition to the increase in yields
improvement in quality parameters are noted in different crops like brix of
Grape, size and color of Pomegranate, Oleoresin content in Paprika, Tuber size
– specific gravity and TSS in Potato, Oil percentage in Oil palm, and color,
luxor and shelf life of cut flowers. There is also a tremendous improvement in
farmer returns and the highest noted so far is in Sugarcane crop (150%).
Marginal Cost Benefit Ratios (MCBR – Ratio between the Additional Investment on
Soluble Fertilizers Vs Market Value of Additional Yield) worked out in
different crops are very encouraging.
Summary of Fertigation Trials with productivity
improvement and Marginal Cost Benefit Ratio (MCBR):
|
CROP |
%
Yield Increase |
MCBR |
|
Grape |
40.0 |
8.0 |
|
Banana |
35.0 |
15.0 |
|
Pomegranate |
24.0 |
15.0 |
|
Chickoo |
12.0 |
NA |
|
Guava |
27.2 |
2.0 |
|
Sugarcane |
70.0 |
12.0 |
|
Maize |
12.0 |
NA |
|
Oil Palm |
83.0 |
NA |
|
Coconut |
12.0 |
NA |
|
Capsicum |
25.0 |
NA |
|
Paprika |
36.3 |
3.2 |
|
Chilly |
15.0 |
1.8 |
|
Tomato |
31.0 |
NA |
|
Potato |
76.0 |
NA |
|
Gherkins |
21.7 |
4.0 |
|
French Beans |
28.0 |
3.0 |
Foliar
AGRONOMIC & ECONOMIC EFFICIENCY:
In
the Fertigation and Foliar Nutrition studies taken up on a vide range of crops
at different Agricultural Universities/Research Institutes as well as
Progressive Farmers fields, Specialty Fertilizers are found to be very
effective, not only in increasing the yields and improving the quality of
produce but also the economic efficiency.
Foliar
Nutrition Trials:
Foliar nutrition with Specialty fertilizers has helped in increasing the yields
ranging from 6.7% in Okra to 60% in Plums. Cost Benefit Ratios/Marginal Cost
Benefit Ratios worked out in different crops are encouraging the farmers to
adopt foliar nutrition as a practice but not as a medicine to correct the
deficiencies.
Summary of Foliar Nutrition Trials with
productivity improvement and Marginal Cost Benefit Ratio (MCBR):
|
CROP |
%
Yield Increase |
MCBR |
|
Rice |
24.0 |
4.0 |
|
Maize |
17.3 |
3.2 |
|
Cotton |
49.3 |
7.9 |
|
Chilly |
15.0 |
4.9 |
|
Sunflower |
12.4 |
2.7 |
|
Soybean |
12.1 |
2.4 |
|
Groundnut |
19.1 |
3.3 |
|
Mango |
76.7 |
17.0 |
|
Kinnow |
28.0 |
3.2 |
|
Litchi |
23.0 |
8.5 |
|
Peach |
30.5 |
10.2 |
|
Plums |
60.0 |
8.6 |
|
Apple |
25.2 |
3.2 |
|
Brinjal |
24.0 |
5.2 |
|
Okra |
6.7 |
1.8 |
|
Cabbage |
33.0 |
8.8 |
|
Cauliflower |
18.2 |
12.9 |
|
Tomato |
18.7 |
8.6 |
|
Gherkins |
26.7 |
14.6 |
|
Baby Corn |
20.1 |
13.3 |
|
Carrot |
30.0 |
3.3 |
|
Potato |
44.0 |
11.8 |
|
Turmeric |
27.7 |
14.9 |
|
Cashew |
30.0 |
6.0 |
|
Tea |
13.0 |
18.5 |
|
Coffee |
81.0 |
22.0 |
|
Black Pepper |
47.0 |
28.0 |
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 records 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.46.36 |
|
UK
Pound |
1 |
Rs.84.49 |
|
Euro |
1 |
Rs.58.38 |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |