MIRA
INFORM REPORT
|
Report Date : |
19.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
UTTARA FOODS AND FEEDS PRIVATE LIMITED |
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|
|
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Registered
Office : |
“Venkateshwara House“ S. No. 114/2, |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
04.06.1996 |
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Com. Reg. No.: |
099964 |
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CIN No.: [Company Identification
No.] |
U15332MH1996PTC099964 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEU05948F / ALDU00245A |
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PAN No.: [Permanent Account No.] |
AAACU3663Q |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer and Exporter of Poultry, Vaccines and Veternary Feeds,
etc |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 443820 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Kulkarni |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-020-66099361 |
|
Date : |
18.01.2011 |
LOCATIONS
|
Registered Office : |
“Venkateshwara House“ S. No. 114/2, |
|
Tel. No.: |
91-20-66099300 / 66099301 / 24251530 |
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Fax No.: |
91-20-26114128 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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|
Sales Office : |
Uttara House 2, Wellesly Road, |
|
Tel. No.: |
91-20-56099324 / 26054974 / 56099300 / 26131274 / 26137971 / 26138907 /
26138501 |
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Fax No.: |
91-20-26137267 / 26114128 / 26114173 |
|
Email : |
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Factory : [Manufacturing of Poultry Feed] / Branch Office : |
Gat No. 733/734/752, Ketkawale, Tal-Purandhar, District –
Pune |
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Tel. No.: |
91-2115-236121, 236151 / 236122 / 236155 |
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Fax No.: |
91-2115-236121 |
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E-Mail : |
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Area : |
Owned |
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Factory / Branch Office : |
Kasara No. 2085/85, |
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Tel. No.: |
91-145-2787807 |
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Fax No.: |
91-145-2787152 / 2787807 |
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E-Mail : |
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Area : |
Owned |
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Factory / Branch Office : |
S. No. 326, Village- Pullur, District Mehboobnagar [A.P.] |
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Tel. No.: |
91-850-2244256 |
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Fax No.: |
91-850-2244197 |
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E-Mail : |
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Area : |
Owned |
|
Factory / Branch Office : |
Vill-Barwa, Phoolpur-Sindhore Road, P.O. Katuna, Tehsil –
Pindara, Varnasi [Uttar Pradesh] |
|
Tel. No.: |
91-542-2649421 |
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Fax No.: |
91-542-2284858 / 2281331 |
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E-Mail : |
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Area : |
Owned |
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Factory / Branch Office : |
N. H. 6, Mumbai – |
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Tel. No.: |
91-32222-91025 |
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Fax No.: |
91-32222-91552 |
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E-Mail : |
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Area : |
Owned |
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Factory / Branch Office : |
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Tel. No.: |
91-1628-503772 |
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Fax No.: |
91-1628-503772 |
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E-Mail : |
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Area : |
Owned |
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Factory [Hatchery] / Branch Office : |
Mouza Gumadangi, P. O. Munshirhat, P. S. J. B. Pur Police
Station, Howarth [ |
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Tel. No.: |
91-33-22824278 |
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Fax No.: |
91-33-22824278 |
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E-Mail : |
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Area : |
Owned |
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Factory [Food Manufacturing] / Branch Office : |
Gat No. 1426, Ranjangaon, Taluka – Shirur, District Pune [Biscuit
Manufacturing] |
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Tel. No.: |
91-2138-243449 |
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Fax No.: |
91-2138-243447 |
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E-Mail : |
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Area : |
Owned |
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Factory / Branch Office : |
Gat No. 734, Ketawale, Taluka Purandhar, District – Pune
[Wheat Flour Manufacturing] |
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Tel. No.: |
91-2115-236121 / 236151 / 236122 / 236155 |
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Fax No.: |
91-2155-236121 |
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E-Mail : |
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Location : |
Owned |
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Venky's
(Middle East) FZCO |
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Tel. No.: |
+9714-2045137 / 38 |
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Fax No.: |
+9714-2045139 |
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North American Regional Office : |
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Tel. No.: |
508 935 2275 |
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Fax No.: |
508 935 2276 |
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Email : |
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Exports : |
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Tel. No.: |
91 20 26054974 |
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Fax No.: |
91 20 26114128 |
|
Email : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mrs. Anuradha J Desai |
|
Designation : |
Director |
|
Address : |
“Venkatesh Farms”, S. No. 95/1, N.D.A. Road, Village Mauje Warje,
Taluka Haveli, Pune – 411029, Maharashtra, India |
|
Date of Birth/Age : |
15.05.1962 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
04.06.1996 |
|
|
|
|
Name : |
Mr. Venkatesh B. Vasudev Rao |
|
Designation : |
Director |
|
Address : |
“Venkatesh Farms”, S. No. 95/1, N.D.A. Road, Village Mauje Warje, Taluka
Haveli, Pune – 411029, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1964 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
04.06.1996 |
|
|
|
|
Name : |
Mr. Balaji B. Vasudev Rao |
|
Designation : |
Director |
|
Address : |
“Venkatesh Farms”, S. No. 95/1, N.D.A. Road, Village Mauje Warje,
Taluka Haveli, Pune – 411029, Maharashtra, India |
|
Date of Birth/Age : |
08.12.1972 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
04.06.1996 |
|
|
|
|
Name : |
Mr. Rajendra Raghavan Pillai |
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Designation : |
Whole Time Director |
|
Address : |
Flat No.402, Vishakha C 1, DSK Akashganga Nagar Road, Aundh, Pune –
411007, Maharashtra, India |
|
Date of Birth/Age : |
20.01.1953 |
|
Date of Appointment : |
15.07.2009 |
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|
|
|
Name : |
Mr. Misal Ramrao Maj Gen (RETD) Prakash |
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Designation : |
Whole Time Director |
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Address : |
B -11, |
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Date of Birth/Age : |
01.01.1944 |
|
Date of Appointment : |
24.11.2005 |
|
|
|
|
Name : |
Mr. Shaikh Hussain Shahanwaj |
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Designation : |
Whole Time Director |
|
Address : |
759/7 Deccan Gymkhana, |
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Date of Birth/Age : |
01.11.1947 |
|
Date of Appointment : |
15.07.2009 |
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|
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|
Name : |
Mr. Solanki Ratan Singh Amar Singh |
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Designation : |
Director |
|
Address : |
House No. L 8, University Camps, |
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Date of Birth/Age : |
10.12.1958 |
|
Date of Appointment : |
01.12.2009 |
KEY EXECUTIVES
|
Name : |
Mr. Kulkarni |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
Preference
Shares |
|
Anuradha Jitendra Desai |
280000 |
80000 |
|
Banda Venkatesh Rao |
6792300 |
25500 |
|
Banda Balaji Rao |
385000 |
80000 |
|
Ventakeshwara Hatcheries Private Limited, |
145000 |
-- |
|
Eastern Hatcheries Private Limited |
-- |
1414500 |
|
Srivenk Investments Private Limited |
-- |
400000 |
|
TOTAL |
7602300 |
2000000 |
AS ON 30.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
1.91 |
|
Directors or relatives of directors |
|
98.09 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Poultry, Vaccines and Veternary Feeds,
etc |
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Products : |
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Exports : |
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Products : |
Poultry Vaccines, Veternary Feeds |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit (30/60 days) |
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Purchasing : |
Cash, Credit (30 days) |
PRODUCTION STATUS AS ON (31.03.2009)
|
Particulars |
Unit |
|
Installed
Capacity |
Actual
Production |
|
Poultry / Cattle Feed |
TPA |
|
348000 |
227079 |
|
Hatchery |
TPA |
|
17625000 |
15716796 |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
Above 3000 Approximately |
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Bankers : |
·
Corporation Bank Industrial Finance Branch, No. 14,
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Facilities : |
Security : Term loans from banks are secured by equitable mortgage of land
together with buildings and other structures/ fixtures thereon and
hypothecation of plant and machinery and other movable assets both, present
and future. Term Loans are also party, secured by paripassu chare on the
immovable and assets. These are further party secured by a Corporate
Guarantee from Venkateshwara Hatcheries Private Limited. (Amount Due within
one year Rs.121.0332 millions, Pervious Year Rs.124.734 millions) Working Capital facilities are secure by hypothecation of stock of raw
materials, stock in process, semi finished and finished goods, stores and
spares not relating to plant and machinery, bills receivable and book debts
and all other movables, both present and future. There are further secure by
a Corporate Guarantee from Venkateshwara Hatcheries Private Limited |
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Kirtane and Pandit Chartered Accountant |
|
Address : |
Sangati, 73/2/2, Bhakti Marg, Off |
|
Tel. No.: |
91-20-25433104 / 25438764 / 25421997 |
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Fax No.: |
91-20-25447603 |
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E-Mail : |
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Website : |
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Associates : |
Venkys [ |
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Group Companies : |
1.Venky’s India Ltd” 2.Venkateshwara Hatcheries Private Limited 3.Venco Research and Breeding Farm Limited — 4.Venkateshwara Research and Breeding Farms PRIVATE Limited 5.VR Equipments Limited 6.VJ Equipments Limited 7.Venka Investments PRIVATE Limited, 8.BaIa Entertainment Intl. PRIVATE Limited, 9.Uttara Dairy and Food Products PRIVATE Limited, 10.Uttara Masata Products PRIVATE Limited 11.Uttara Poultry And Agri-Farms PRIVATE Limited, 12.Uttara Hatcheries And Agri-Farms PRIVATE Limited, 13.Venkateshwara Foods & Feeds (Firm) 14.B.V. Bio-Corp Limited 15.Eastern Hatcheries Private Limited 16.Venky’s ( 17.Uttara Biosciences Private Limited 18.Uttara lmpex Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
16000000 |
Equity Shares |
Rs. 10/- each |
Rs. 160.000 Millions |
|
2000000 |
7.5% Non Cum Red. Preference Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
Total |
|
Rs. 180.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7602300 |
Equity Shares |
Rs. 10/- each |
Rs. 76.023 Millions |
|
2000000 |
7.5% Non Cum Red. Preference Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
Total |
|
Rs. 96.023
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
96.023 |
96.023 |
96.023 |
|
|
2] Share Application Money |
21.945 |
62.175 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(7.013) |
(90.115) |
[251.492] |
|
|
NETWORTH |
110.955 |
68.083 |
[155.469] |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
605.184 |
576.776 |
601.760 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
605.184 |
576.776 |
601.760 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
716.139 |
644.859 |
446.291 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
396.166 |
410.991 |
551.296 |
|
|
Capital work-in-progress |
14.643 |
8.636 |
47.026 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.661 |
3.686 |
3.686 |
|
|
DEFERREX TAX ASSETS |
0.562 |
0.562 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
194.397
|
176.132
|
162.768
|
|
|
Sundry Debtors |
292.913
|
206.950
|
261.026
|
|
|
Cash & Bank Balances |
97.138
|
56.459
|
73.950
|
|
|
Other Current Assets |
7.701
|
50.702
|
7.676
|
|
|
Loans & Advances |
504.111
|
529.253
|
166.933
|
|
Total
Current Assets |
1096.260
|
1019.496 |
672.353
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
768.400
|
773.782 |
789.198 |
|
|
Other Current Liabilities |
23.681
|
22.186 |
35.855 |
|
|
Provisions |
3.072
|
2.544 |
3.414 |
|
Total
Current Liabilities |
795.153
|
798.512 |
828.467
|
|
|
Net Current Assets |
301.107
|
220.984 |
[156.114]
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
Pre-Operative Expenses pending Allocation |
0.000 |
0.000 |
0.397 |
|
|
|
|
|
|
|
|
TOTAL |
716.139 |
644.859 |
446.291 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4080.135 |
3375.844 |
2365.184 |
|
|
|
Other Income |
31.919 |
133.960 |
31.364 |
|
|
|
TOTAL (A) |
4112.054 |
3509.804 |
2396.548 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Costs |
3360.367 |
2813.967 |
1948.077 |
|
|
|
Employment Cost |
136.744 |
119.485 |
128.276 |
|
|
|
Other Expenses |
368.544 |
390.808 |
442.318 |
|
|
|
(Increase)/ Decrease in Stocks |
(12.591) |
(13.014) |
(18.195) |
|
|
|
TOTAL (B) |
3853.064 |
3311.246 |
2500.476 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
258.986 |
198.558 |
(103.928) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
96.394 |
6.911 |
67.556 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
162.592 |
191.647 |
(171.484) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
30.418 |
27.800 |
35.713 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
132.174 |
163.847 |
(207.197) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
(49.887) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
83.102 |
161.376 |
(157.310) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(97.149) |
(258.525) |
(101.214) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
4.581 |
3.069 |
NA |
|
|
TOTAL IMPORTS |
4.581 |
3.069 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.09 |
1.20 |
(49.99) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
2.02
|
4.59 |
(6.56) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.23
|
4.85 |
(8.76) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.85
|
11.45 |
(16.93) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.19
|
2.40 |
1.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
12.62
|
20.20 |
(9.19) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.27 |
0.81 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS
During the year the company has achieved a turnover of Rs.4112.000 millions
as compared to Rs.3509.800 millions in the previous year and attained a profit
after tax of Rs.83.100 millions. The carried forward loss has been reduced to
Rs.14.000 millions.
FORM 8
|
This form is for |
Creation of charge |
|
Corporate identity
number of the company |
U15332MH1996PTC099964 |
|
Name of the
company |
UTTARA FOODS AND
FEEDS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
“Venkateshwara House“ S. No. 114/2, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Bank of |
|
Nature of description
of the instrument creating or modifying the charge |
Memorandum of
Constructive Redeposition of Title Deeds |
|
Date of
instrument Creating the charge |
18.11.2010 |
|
Amount secured by
the charge |
Rs.35.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction
letter. Terms of
Repayment As per sanction
letter. Margin As per sanction
letter. Extent and
Operation of the charge Pari passu 1st Mortgage
on immovable properties to further secure limits granted by Bank of Others The credit limit
sanctioned by Bank of |
|
Short particulars
of the property charged |
|
FIXED ASSETS
- Land and Building
- Furniture and Fittings
- Plant and Machinery
- Computers
- Motor Car
- Motor Vehicles
WEBSITE DETAILS
PROFILE
Subject Part of the US 650Million US $ Venkateshwara Hatcheries Group – considered the worlds most advanced poultry conglomerate – was set up in 1998 by Mr. B.Venkatesh Rao, the young and unassuming Joint Managing Director of the V.H.Group
Late Padmashri Dr.B.V.Rao’s dream to see
To make his father’s dream a reality, Mr. B.Venkatesh Rao, started “Uttara
Foods And Feeds” in 1996 by setting up a State-Of-The-Art Plant in Pune to
manufacture Pelleted Poultry Feed by importing technology & machinery from
Buhler of Switzerland, a firm of international repute in the field of Pellet
Feed Technology.
“While thinking of poultry feed, a thought came to the mind to look into the food requirement of the vast majority of human beings. Venky’s has established its strong brand name in terms of Quality of Chicken & Chicken related products. It was felt that the same brand image of Quality, Nutrition and Hygiene could also be extended to the vegetarian class & society as well, so that ‘Venkys’ will have its strong-hold in the market in terms of Quality, Nutrition and Hygiene for the vegetarian population also". quotes Mr. Rao.
This gave birth to UTTARA FOODS, the Food Division of the 75 Million US $ company Uttara Foods and Feeds.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.45.53 |
|
|
1 |
Rs.72.55 |
|
Euro |
1 |
Rs.60.62 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.