MIRA
INFORM REPORT
|
Report Date : |
02.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
BHARAT
NURSERY PRIVATE LIMITED |
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Registered Office : |
60 A,
Sri Arabindo Sarani, Kolkata – 700 005, West Bengal, India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
17.07.1996 |
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Com. Reg. No.: |
21-80499 |
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CIN No.: [Company
Identification No.] |
U51215WB1996PTC080499 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALB03860D |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To carry
on the business of production and processing of, dealing and trading in,
importers and exporters of vegetables seeds, flower seeds, oil seeds, jute
seeds, herbal seeds, plants, seedlings and grafts, bulbs and cacti,
agricultural, horticultural, piscicultural, sericultural products in all
their remifications. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable
to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
25000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
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Comments : |
Subject
is a well established and reputed company having satisfactory track records.
Directors are reported as experienced and respectable businessmen. Trade
relations are fair. Business is active. Payments are reported as usually
correct and as per commitments. The company can be considered normal for
business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
60 A,
Sri Arabindo Sarani, Kolkata – 700 005, West Bengal, India |
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Tel. No.: |
91-33-25552422/
27050254 |
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Mobile No.: |
91-9830042981 |
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Fax No.: |
91-33-25437182/
25301232 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr.
Tarak Nath Ghosh |
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Designation : |
Director
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Address : |
98,
Numu Goswami Lane, Kolkata – 700 005, Wesst Bengal, India |
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Date of Birth/Age : |
14.07.1934 |
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Date of Appointment : |
17.07.1996 |
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Name : |
Ms.
Nirmalendu Ghosh |
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Designation : |
Director
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Address : |
98,
Numu Goswami Lane, Kolkata – 700 005, Wesst Bengal, India |
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Date of Birth/Age : |
30.06.1936 |
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Date of Appointment : |
17.07.1996 |
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Name : |
Mr.
Buddhadeb Ghosh |
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Designation : |
Director
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Address : |
98,
Numu Goswami Lane, Kolkata – 700 005, Wesst Bengal, India |
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Date of Birth/Age : |
07.08.1943 |
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Date of Appointment : |
17.07.1996 |
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Name : |
Mr.
Dilip Kumar Ghosh |
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Designation : |
Director
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Address : |
98, Numu
Goswami Lane, Kolkata – 700 005, Wesst Bengal, India |
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Date of Birth/Age : |
06.12.1943 |
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Date of Appointment : |
17.07.1996 |
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Name : |
Mr.
Ashoke Ghosh |
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Designation : |
Director
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Address : |
98, Numu
Goswami Lane, Kolkata – 700 005, Wesst Bengal, India |
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Date of Birth/Age : |
01.10.1948 |
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Date of Appointment : |
17.07.1996 |
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Name : |
Mr.
Jyotirmoy Ghosh |
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Designation : |
Director
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MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr.
Jyotirmoy Ghosh |
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200 |
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Mr.
Tarak Nath Ghosh |
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200 |
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Mr.
Nirmalendu Ghosh |
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200 |
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Mr.
Pratap Chandra Ghosh |
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200 |
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Mr.
Buddhadeb Ghosh |
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200 |
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Mr.
Dilip Kumar Ghosh |
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200 |
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Mr.
Ashoke Ghosh |
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200 |
BUSINESS DETAILS
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Line of Business : |
To
carry on the business of production and processing of, dealing and trading
in, importers and exporters of vegetables seeds, flower seeds, oil seeds, jute
seeds, herbal seeds, plants, seedlings and grafts, bulbs and cacti,
agricultural, horticultural, piscicultural, sericultural products in all
their remifications. |
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Products : |
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Imports from : |
Japan and
Holland |
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GENERAL
INFORMATION
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Bankers : |
Not
Available |
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Auditors : |
S K
Mallick and Company Chartered
Accountants |
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Address : |
Bikaner
Buildings, 8B, Lal Bazar Street, Kolkata – 700 001, West Bengal, India |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
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|
500000 |
Equity
Shares |
Rs. 10/- |
Rs. 5.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
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|
|
|
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|
358750 |
Equity
Shares |
Rs. 10/- |
Rs. 3.587 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
|
3.587 |
3.587 |
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2] Reserves & Surplus |
|
3.324 |
2.635 |
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NETWORTH |
|
6.911 |
6.222 |
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LOAN FUNDS |
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1] Secured Loans |
|
3.587 |
2.865 |
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2] Unsecured Loans |
|
1.231 |
1.486 |
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TOTAL BORROWING |
|
4.818 |
4.351 |
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DEFERRED TAX LIABILITIES |
|
0.418 |
0.418 |
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TOTAL |
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12.147 |
10.991 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
5.663 |
2.824 |
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Capital work-in-progress |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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6.687 |
6.240 |
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Sundry Debtors |
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21.402 |
14.627 |
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Cash & Bank Balances |
|
3.914 |
1.863 |
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Loans & Advances |
|
1.017 |
2.438 |
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Total Current Assets |
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33.020 |
25.168 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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24.882 |
16.118 |
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Provisions |
|
1.656 |
0.891 |
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Total Current Liabilities |
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26.538 |
17.009 |
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Net Current Assets |
|
6.482 |
8.159 |
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MISCELLANEOUS EXPENSES |
|
0.004 |
0.008 |
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TOTAL |
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12.149 |
10.991 |
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PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover [including other
income] |
|
95.706 |
73.190 |
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Profit/(Loss)
Before Tax |
|
1.354 |
1.186 |
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Provision
for Taxation |
|
--- |
--- |
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Profit/(Loss)
After Tax |
|
1.354 |
1.186 |
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Export
Value |
|
21.102 |
9.629 |
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Total
Expenditure |
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94.352 |
72.004 |
KEY
RATIOS
|
PARTICULARS |
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|
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
|
|
1.41 |
1.62 |
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Net
Profit Margin(PBT/Sales) |
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|
1.62 |
1.62 |
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Return
on Total Assets(PBT/Total Assets} |
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|
3.50 |
4.23 |
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Return
on Investment (ROI)(PBT/Networth) |
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|
0.19 |
0.19 |
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Debt Equity
Ratio(Total Liability/Networth) |
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5.59 |
4.50 |
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Current
Ratio(Current Asset/Current Liability) |
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1.24 |
1.47 |
LOCAL AGENCY
FURTHER INFORMATION
Profile
Bharat Nursery Private Limited in its present form is the blessing of Late Manicklal Ghosh.
It was founded in the year 1918, with a humble beginning of seed trading followed by production of local seeds.
Thereafter it was the courage, determination and hard work of Late Jyotirmay Ghosh who guided us upto his last breath.
They express gratitude to them for leading us so forward in the seed business.
At present, besides producing and marketing vegetable, flower, paddy, wheat and jute seeds, we are importing and marketing vegetable and flower seeds from reputed companies of Japan, Denmark, Holland, Korea, Taiwan etc.
Since the beginning our objective is to produce superior quality high yielding seeds for catering to the need of the farmers of this country.
Products
Vegetable Seeds
1. Cabbage
2.
Cauliflower
3.
Broccoli
4.
Chinese Cabbage
5.
Red Cabbage
6.
Kholrabi / KnolKhol
7.
Lettuce
8.
Radish
9.
Carrot
10. Chilli / Hot
Pepper
11. Tomato
12. Brinjal /
Eggplant
13. Okra / Bhendi
/ Lady's Finger
14. Watermelon
Flower Seeds
Subject
is one of the major importers of flower seeds in India.
They
produce genuine, true to type and quality, open-pollinated flower seeds. They
also undertake custom production programme for flower seeds.
Product
range of open pollinated flower seeds:
- Allysum
- Helichhrysum
- Antirrhinum
- Flowering Kale
- Aster
- Flowering Cabbage
- Aster Balsam
- Love-Lies
- Capheu
- Marigold
- Chrysanthemum
- Mesenbryanthemum
- Cineraria
- Nastertium
- Cosmos
- Pansy
- Coriopsis
- Petunia
- Clarkia
- Phlox
- Crypsophila
- Poppy
- Delphinium
- Salvia
- Dianthus
- Saponaria
- Esdischolizis
- Sweet Pea
- Gillardia
- Zinnia
- Globe Amaranthus
Trade References:
- Sakata Seed Corporation,
Japan
- Kaneko Seeds Company
Limited, Japan
- Pieterpikzonen B.V.,
Holland.
Contact
Bharat Nursery Private Limited
60 A,
Arabinda Sarani, ( Grey Street ), Kolkata - 700005, West Bengal, India
Tel : 91-33-2555-2422, 27050254
Fax
: 91-33-25301232 / 25437182
Email : bharatnpl@vsnl.net
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.44.17 |
|
UK
Pound |
1 |
Rs.86.66 |
|
Euro |
1 |
Rs.57.25 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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 |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|