MIRA
INFORM REPORT
|
Report Date : |
30.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
M K OVERSEAS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
39/5864, Basti Har Phool Singh, Sadr Bazar, |
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Country : |
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|
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
14.12.1987 |
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Com. Reg. No.: |
55-029976 |
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Capital Investment
/ Paid-up Capital : |
Rs. 138.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U2509DL1987PTC029976 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM08790F |
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PAN No.: [Permanent Account No.] |
AAACM2076P |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Exporter of Frozen Food Items |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3600000 |
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|
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an well established company having satisfactory track
record. Management have not filed the current year financial detail with government.
But from the previous year financial detail the company seem to be performing
well. Trade relations are reported to be fair. Business is active. Payment
are reported to be usually correct and as per commitment. The company can be considered normal for business dealing at usual
trade terms and conditions. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered
Office : |
39/5864,Basti Har Phool Singh, Sadr Bazar, Delhi - 110006, India |
|
Tel No.: |
Not Available |
|
Fax No.: |
Not Available |
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Email : |
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Corporate Office
: |
14, Fire Bridge Lane, World Trade Centre,1 Cannaught Place, New Delhi
– 110001, India |
|
Tel. No.: |
91-11-41525900 / 23522165 |
|
Fax No.: |
91-11-23674988 |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Mohd Kamil |
|
Designation : |
Director |
|
Address : |
39/5864 Basti Harphool Singh Sadar Bazar, Delhi – 110006, India |
|
Date of Birth/Age : |
18.11.1950 |
|
Date of Appointment : |
01.08.1999 |
|
DIN No.: |
00525402 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15123DL1996PLC081993 |
ASIAN
AGRO INDUSTRIES LIMITED |
Director |
17-09-96 |
17-09-96 |
Active |
NO |
|
2 |
U25209DL1987PTC029976 |
M K
OVERSEAS PRIVATE LIMITED |
Director |
01-08-99 |
01-08-99 |
Active |
NO |
|
3 |
U15132RJ1996PTC012432 |
PRIME
NATURAL FROZEN FOODS EXPORT PRIVATE LIMITED |
Director |
31-07-00 |
31-07-00 |
Active |
NO |
|
4 |
U15116UP1999PTC024802 |
AL-ANAM
AGRO FOODS PRIVATE LIMITED |
Director |
29-09-08 |
11-02-08 |
Active |
NO |
|
5 |
U15111DL2005PTC143959 |
AL-DUA
FOOD PROCESSING PRIVATE LIMITED |
Director |
12-02-08 |
12-02-08 |
Active |
NO |
|
6 |
U51223DL2005PTC140655 |
AQDAS
FOODS PRIVATE LIMITED |
Director |
30-09-08 |
03-04-08 |
Active |
NO |
|
Name : |
Mrs. Nasar Begum |
|
Designation : |
Director |
|
Address : |
39/5864 Basti Harphool Singh Sadar Bazar, Delhi – 110006, India |
|
Date of Birth/Age : |
15.01.1957 |
|
Date of Appointment : |
14.12.1987 |
|
DIN No.: |
00533826 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25209DL1987PTC029976 |
M K
OVERSEAS PRIVATE LIMITED |
Director |
14-12-87 |
14-12-87 |
Active |
NO |
|
2 |
U15132RJ1996PTC012432 |
PRIME
NATURAL FROZEN FOODS EXPORT PRIVATE LIMITED |
Director |
31-07-00 |
31-07-00 |
Active |
NO |
|
3 |
U15123DL1996PLC081993 |
ASIAN
AGRO INDUSTRIES LIMITED |
Director |
21-02-05 |
21-02-05 |
Active |
NO |
|
4 |
U15116UP1999PTC024802 |
AL-ANAM
AGRO FOODS PRIVATE LIMITED |
Director |
29-09-08 |
11-02-08 |
Active |
NO |
|
5 |
U15111DL2005PTC143959 |
AL-DUA
FOOD PROCESSING PRIVATE LIMITED |
Director |
12-02-08 |
12-02-08 |
Active |
NO |
|
6 |
U51223DL2005PTC140655 |
AQDAS
FOODS PRIVATE LIMITED |
Director |
30-09-08 |
03-04-08 |
Active |
NO |
|
Name : |
Mr. Mohammed Moshin |
|
Designation : |
Director |
|
Address : |
20, Fire Brigade Lane, Connaught Place, New Delhi-110001, India |
|
Date of Birth/Age : |
17.04.1989 |
|
Date of Appointment : |
01.12.2008 |
|
DIN No.: |
02436110 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Nasar Begum |
666000 |
|
Nadeem Ahmed |
9200 |
|
Kamil Mohd |
264800 |
|
Mohsin Kamil |
428000 |
|
Shakeer Ahmed |
12000 |
|
TOTAL |
1380000 |
AS ON 30.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter of Frozen Food Items |
PRODUCTION STATUS (AS ON 31.03.2010)
|
METAL PLANT |
Unit |
Sahibabad
Plant |
Dera
Bassi Plant |
|
Licensed (Frozen) (Single Shift) |
MT |
18450.000 |
72900.000 |
|
Installed (Frozen) (Single Shift) |
MT |
18450.000 |
72900.000 |
|
Production |
MT |
8733.020 |
46583.334 |
|
|
|
|
|
|
BONE PLANT |
|
|
|
|
Licensed (For Bone Meal and Tallow) |
MT |
20250.000 |
18000.000 |
|
Installed (For Bone Meal and Tallow) |
MT |
20250.000 |
18000.000 |
|
Production |
MT |
12713.799 |
12172.472 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Bank of Baroda, 003-Block No.2, Offshore Banking
Unit Seepz, Mumbai - 400096, Maharashtra, India ·
HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Kpmr and Associates Chartered Accountant |
|
Address : |
211, Delhi, Chamber, Delhi Gate, New Delhi-110002, India |
|
Tel. No.: |
91-11-23262425 / 23287038 |
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Fax No.: |
91-11-23269723 |
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Pan No.: |
AAAFF1124G |
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|
|
|
Related Parties : |
·
Prime Natural Frozen Food Private Limited ·
M. K. Exports ·
Al-Dua Food Processing Private Limited ·
Asian Agro Industries Limited |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1400000 |
Equity Shares |
Rs.100/- each |
Rs. 140.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1380000 |
Equity Shares |
Rs.100/-
each |
Rs. 138.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
138.000 |
138.000 |
138.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
784.393 |
687.937 |
550.779 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
922.393 |
825.937 |
688.779 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1072.648 |
781.762 |
524.046 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1072.648 |
781.762 |
524.046 |
|
|
DEFERRED TAX LIABILITIES |
4.520 |
5.903 |
10.540 |
|
|
|
|
|
|
|
|
TOTAL |
1999.561 |
1613.602 |
1223.365 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
512.134 |
461.926 |
471.024 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
85.137 |
0.836 |
0.837 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
473.210
|
202.847 |
482.281 |
|
|
Sundry Debtors |
1273.073
|
851.351 |
478.959 |
|
|
Cash & Bank Balances |
514.510
|
454.821 |
57.272 |
|
|
Other Current Assets |
47.052
|
31.571 |
18.895 |
|
|
Loans & Advances |
277.012
|
299.098 |
208.808 |
|
Total
Current Assets |
2584.857
|
1839.688 |
1246.215 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
861.422
|
353.109 |
408.328 |
|
|
Other Current Liabilities |
82.343
|
167.872 |
|
|
|
Provisions |
238.802
|
167.867 |
86.383 |
|
Total
Current Liabilities |
1182.567
|
688.848 |
494.711 |
|
|
Net Current Assets |
1402.290
|
1150.840 |
751.504 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1999.561 |
1613.602 |
1223.365 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
TURNOVER |
11256.500 |
9345.600 |
5276.000 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
205.633 |
275.286 |
184.892 |
|
|
|
|
|
|
|
Less / Add |
DEPRECIATION |
54.622 |
61.334 |
57.445 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
260.255 |
213.952 |
127.447 |
|
|
|
|
|
|
|
Less |
TAX |
107.480 |
76.793 |
57.864 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
152.775 |
137.159 |
69.583 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
110.71 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
2.31
|
2.29 |
2.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.40
|
9.30 |
7.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.26 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.45
|
1.79 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.19
|
2.67 |
2.52 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
No |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
No |
|
9. Name of person contacted |
No |
|
10. Designation of contact person |
No |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
Yes |
|
13. Reasons for variation <> 20% |
------ |
|
14. Estimation for coming financial year |
No |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
No |
|
20. Export / Import details |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
Yes |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
PERFORMANCE
The total turnover of the company has increased to Rs. 11256.500 Millions
as against Rs. 9345.600 Millions in the previous year. Net Profit of the
company also increased to Rs. 260.255 Millions as against Rs. 213.952 Millions
during previous year. In percentage terms net profit is 2.45% of total turnover
in current year as compared to 2.42% in previous year. The company foresees
better prospects in the coming years. Inspite of overall global recession,
company maintained its increase turnover ration and targets.
FORM 8
|
Corporate
identity number of the company |
U25209DL1987PTC029976 |
|
Name of the
company |
M K OVERSEAS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
39/5864 Basti Har Phool Singh, Sadar Bazar, Delhi – 11006 India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10217940 |
|
Type of charge |
Immovable
property Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Bank of Baroda International
Business Branch, Parliament Street, New Delhi – 110001, India |
|
Nature of
instrument creating charge |
Corporate
Guarantee Agreement dated 12.03.2012 and Supplemental Memorandum of Entry
dated 12.03.2012 |
|
Date of
instrument Creating the charge |
12.03.2012 |
|
Amount secured by
the charge |
Rs. 430.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As applicable to various
credit facilities aggregating to Rs. 430.000 Millions granted to/enjoyed by
M/s Al-Dua Food Processing Private Limited. Terms of repayment As applicable to
various credit facilities aggregating to Rs. 430.000 Millions granted
to/enjoyed by M/s Al-Dua Food Processing Private Limited. Margin As applicable to
various credit facilities aggregating to Rs. 430.000 Millions granted
to/enjoyed by M/s Al-Dua Food Processing Private Limited. Extent and operation of the charge 100% Other To guarantee payment
of all sums due to the Bank under various credit facilities aggregating to
Rs. 430.000 Millions granted to/enjoyed by M/s Al-Dua Food Processing Private
Limited. Together with all interests, costs, charges, expenses, commission
etc. |
|
Short particulars
of the property charged (Including location of the property) |
i)
Hypothecation
by way of first pari-passu charge on all present and future moveable and
fixed assets (excluding vehicles) forming part of the block assets of 'the
Guarantor' company in particular plant and machinery, equipments, gases,
implants, chemicals, engineering stores, laboratory machineries, furniture
and fixture, office equipments, computers, electric installation, boilers
etc. ii)
Corporate
Guarantee of the Company. iii)
Equitable mortgage of the following landed
properties of the Company together
with all buildings and structures now standing thereon or to be erected
hereafter and plant and machinery attached to the earth or permanently
fastened to anything attached to the earth - both present and future:- a)
Land
measuring 27 bighas - 1 biswas situated at Village Samgauli (Hadbast No. 196)
Tehsil Dera Bassi, District Patiala (Punjab) b)
Land
measuring 29 bighas - 18 biswas situated at Village Samgauli (Hadbast No.196)
Tehsil Dera Bassi,
District Patiala (Punjab) c)
Land
measuring 112 bighas - 2 biswas situated at Village Samgauli (Hadbast No.
196) Tehsil Dera Bassi, District Patiala (Punjab) d)
Land
measuring 42 bighas - 11 biswas situated at Village Samgauli (Hadbast No.196)
Tehsil Dera Bassi,
District. Patiala (Punjab) e)
Freehold
built up Plot No. 8, Block No.205-A,
Fire Brigade Lane now known as 14, Fire Bridge Lane, New Delhi-110001
admeasuring 1012 sq. yds. |
|
Date of
instrument modifying the charge |
01.11.2010 |
|
Particulars of
the present modification |
The change by way
of equitable mortgage of immovable properties of the Company situated at Dera
Bassi, Patiala (Punjab) and at Fire Bridge Lane, New Delhi and Corporate
Guarantee of the Company stands enhanced from Rs. 280.000 Millions to Rs.
430.000 Millions to guarantee payment of all sums due to the Bank under
various credit facilities aggregating to Rs. 430.000 Millions granted
to/enjoyed by M/s Al-Dua Food Processing Private Limited. |
FIXED ASSETS
·
Air Conditioner
·
Scooter
·
Fan
·
Furniture and Fixture
·
Tractor
·
Cell Phone
·
Cycle
·
Television
·
Computer and Printer
·
Bus
·
Handy Cam
·
Water Purifier
·
Xerox Machine
·
Land
·
Plant and Machinery
·
Building
·
Lab Equipment
·
Washing Machine
·
Tripe Wash Machine
·
Bio Gas Plant
·
Water Tank
·
ETP Tank
·
Vacuum Pack Machine
·
Salt Evaporation Plant
·
Slaughter Line
·
Strapping Machine
WEBSITE DETAILS
PROFILE
Subject has been exporting products to south
east Asian countries, CIS countries, Fare East and traditional markets in the
Middle East. The major importing countries includes Angola, Bahrain, Egypt,
Georgia, Iraq, Jordan, Malaysia, Oman, Qatar, Saudi Arabia, South Africa, UAE,
Vietnam, West Africa, Yemen. The company has a state – of –the – art integrated
Abattoir is a HACCP and ISO : 9000 certified unit. It houses a world – class
German slaughter line from BASSNS a rendering plant, a well equipped laboratory
for in-house quality control, an effluent treatment plant and a beautiful
landscape within it’s boundaries.
The livestock is sourced from the state of Punjab, which is one the
leading state of India in agriculture and animal husbandry. As a result the
region offers the best livestock sources from this state, brought up on natural
pastures and fodder. The animals are free from hormonal treatment and produce
clean goods quality meat.
The Abattoir has a lairage which can accommodate about 3000 buffaloes
and about 1500 are slaughtered everyday. Before slaughter each buffalo is
subjected to anti-mortem examination by qualified veterinarians authorized by
the Animal Husbandry Department of the State Government. The slaughtering is
done strictly as per the Islamic method of Halal. The slaughtered animals are
then subjected to rigorous post mortem examination by qualified veterinarians
authorized by the Animal Husbandry Department of the State Government.
Major lymph nodes are inspected and the carcasses are then cut into two
equal portions vertically and chilled at 2 Degree Celsius 24 hours till the PH
drops below 6.
Air-conditioned de-boning, fresh packing and frozen packing facilities
have been built where a temperature of 12 Degree Celsius is ensured during
various stages of these processes. Disinfected stainless steel knives are used
for de-boning. The workers are trained to handle the meat hygienically at all
stages to insured that a good product is produced. Once the de-boning process
is complete the meat is then packed in food grade poly bags and sent for
freezing at about -40 Degree Celsius for 12 hours in blast freezers or to the
plate freezers for instant freezing. After freezing each unit is packed in a
carton and shrink – wraped without using any metal packing material. Each
carton is subjected to metal detection through a metal detector.
The packed meat is then stored at a temperature of -18 Degree Celsius
till it is finally loaded for exports. The total capacity of the cold storage
is about 3000 tons. The product is dispatched to several destinations of the
importing countries in refer containers via sea as well as aerial routes in a
manner that the quality is ensured all along the chain.
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 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. 56.30 |
|
|
1 |
Rs. 88.06 |
|
Euro |
1 |
Rs. 70.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.