MIRA
INFORM REPORT
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Report Date : |
1.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
SRI VENKATESARA FERTILIZERS AND PESTICIDES |
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Registered Office : |
Erllapudi Post Mandal, Arbban, Khammam 507182, Andhra Pradesh. |
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Country : |
India |
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Financials (as on) : |
31.10.2008 (3 Months) |
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Date of Incorporation : |
03.08.2008 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Trader and Retailer of Pesticides and Fertilizers. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
New Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new concern and yet to establish itself, Trade relations
are fair. No further details or payment could be made available. The concern can be considered for small to mediocre business dealings
with slight caution Initially. |
INFORMATION PARTED
BY
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Name : |
Mr. K Narashimarao |
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Designation : |
Proprietor |
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Date : |
31.10.2008 |
LOCATIONS
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Registered Office : |
Erllapudi Post Mandal, Arbban, Khammam 507182, Andhra Pradesh, India. |
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Mobile No.: |
91-9397828749 |
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Area : |
175 sq ft (Ground Floor) |
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Location : |
Owned |
SOLE PROPRIETOR
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Name : |
Mr K Narashimarao |
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Designation : |
Proprietor |
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Address : |
Erllapudi Post Mandal, Arbban, Khammam 507182, Andhra Pradesh, India. |
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Date of Birth/Age : |
35 Years |
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Experience : |
5 Years |
BUSINESS DETAILS
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Line of Business : |
Trader and Retailer of Pesticides and Fertilizers. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
Retailers and Others |
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No. of Employees : |
1 |
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Bankers : |
Indian Bank, Khammam Main Branch ( Only Branch in Khammam) |
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Facilities : |
Only Current Account |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. Saidullu, Chartered Accountant |
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Address : |
Khammam, Andhra Pradesh. |
CAPITAL STRUCTURE
Not Available.
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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Aug 2008 to October2008 |
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Sales Turnover |
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0.750 |
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Profit/Loss for the year |
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6% |
LOCAL AGENCY FURTHER
INFORMATION
Trade References:
·
Local Farmers in Khammam Villages and Surrounding Areas at Erllapudi
Villages at Khammam District.
Nature of Activity:
Trader and Retailers of Fertilisers and
Pesticides for the following companies Namely:-
·
Bayer India
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BASF Limited
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P I Pesticides Limited
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Atul Fertilisers Limited
Observation Points:
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Name Board: Sighted Low Found in Fornt of Shop
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Land Mark To Shop: Near To The Erllapudi Bus
Terminus (Turning To The Market Place at Erllapudi- Khammam) Hardly 18 Kms.
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No of Staff Seen At Shop Premises: 01 Person
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Shop Apperance; Not Well Furnished
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Shop Area: Village ( Market Business Area )
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.25 |
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UK Pound |
1 |
Rs.80.36 |
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Euro |
1 |
Rs.62.84 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
-- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
2 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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15 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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