MIRA
INFORM REPORT
|
Report Date : |
08.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
ORGANIC INDUSTRIES PRIVATE LIMITED (w.e.f.06.03.2012) |
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Formerly Known
As : |
ORGANIC INDUSTRIES LIMITED |
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Registered
Office : |
B-504, Pratik Industrial Estate, Near Forts Hospital, Mulund – Goregaon
Link Road, Bhandup West, Mumbai- 400078, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
25.03.1997 |
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Com. Reg. No.: |
11-106819 |
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Capital Investment
/ Paid-up Capital : |
Rs.99.390 Millions |
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|
|
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CIN No.: [Company Identification
No.] |
U25201MH1997PLC106819 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO02097E |
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PAN No.: [Permanent Account No.] |
AAACO3738N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Bottles, Caps and Cosmetic Containers. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 530000 |
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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. It has
recorded very minimal profits during 2011. Financially, the company appears
to be unhealthy. 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. Note: Organic Industries Limited has changed its name to ‘Organic
Industries Private Limited’ with effect from 06.03.2012. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
Management Non Co-operative (Name not disclosed)
LOCATIONS
|
Registered Office / Corporate Office:: |
B-504, Pratik Industrial Estate, Near Forts Hospital, Mulund –
Goregaon Link Road, Bhandup West, Mumbai- 400078, Maharashtra, India |
|
Tel. No.: |
91-22-41622828 (100 Lines) / 25662146 |
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Fax No.: |
91-22-41622803 |
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E-Mail : |
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Website : |
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Head Office : |
5th Floor, B Wing, Mulund Goregaon Link Road, Bhandup
(West), Mumbai- 400078, Maharashtra, India |
|
Tel. No.: |
91-22-41622828 |
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Factory 1 : |
Plot No.9, |
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Tel. No.: |
91-2527-272161/ 272164 |
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91-2527-272983 |
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E-Mail : |
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Factory 2 : |
S.No.28/1, 28/2, |
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Tel. No.: |
91-80–7725685/ 7725687/ 7725689 |
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E-Mail : |
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Factory 3 : |
S/ 163, GIDC, Dahej, Taluka Vaghru, District Bharuch – 392 130, |
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Factory 4 : |
Silvassa I 22, Government Industrial Estate, Phase II, Piparia, Silvassa –
390230, Dadar and Nagar Haveli, India |
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Tel. No.: |
91-80-7725685/7725687/7725689 |
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E-Mail : |
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Factory 5 : |
Silvassa II S/No. 910/7/2 Village Amli-Dockmardi Behind Recolin, Silvassa –
396230, Dadar and Nagar Haveli, India |
|
Tel. No.: |
91-260-3290926 |
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Regional
Offices: |
Tel No: (91 - 080) 2334
6772 / 6773 / 6774 Fax No: (91 - 080) 2334
6774 Email : oppblr@vsnl.net Silvassa
: Tel No : 0260-2682117 Fax No: 0260-2682032 Baroda: Gujarat, India Fax No: 0265-3046970 Chennai: 600029, Tamilnadu, India |
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Branch Office : |
74, 1st Main, |
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Tel. No.: |
91-80-23346772 / 6773 / 6774 |
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Fax No.: |
91-80-23346774 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Adish Anand Shetty |
|
Designation : |
Director |
|
Address : |
1801, Odyssey I CHS Limited, |
|
Date of Birth/Age : |
02.09.1988 |
|
Date of Appointment : |
16.03.2007 |
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DIN No.: |
01210843 |
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Name : |
Mr. Anand Monappa Shetty |
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Designation : |
Managing Director |
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Address : |
1801, Odyssey I CHS Limited, |
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Date of Birth/Age : |
08.01.1953 |
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Date of Appointment : |
28.03.1997 |
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DIN No.: |
01287510 |
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Name : |
Mr. Pravir Anand Shetty |
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Designation : |
Director |
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Address : |
1801, Odyssey I CHS Limited, |
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Date of Birth/Age : |
21.01.1984 |
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Date of Appointment : |
28.06.2002 |
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DIN No.: |
01287484 |
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Name : |
Mrs. Shashirekha Anand Shetty |
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Designation : |
Director |
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Address : |
1801, Odyssey I CHS Limited, |
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Date of Birth/Age : |
01.06.1959 |
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Date of Appointment : |
17.02.1997 |
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DIN No.: |
02135741 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Adish Anand Shetty |
|
1321600 |
|
Anand Monappa Shetty |
|
5559000 |
|
A.M. Shetty (HUF) |
|
50900 |
|
Kushal Shetty |
|
1000 |
|
Pravir Anand Shetty |
|
1497500 |
|
Shashirekha Anand Shetty |
|
1443500 |
|
S.M. Shetty |
|
65500 |
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Total |
|
9939000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.49 |
|
Other top fifty shareholders |
0.51 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Bottles, Caps and Cosmetic Containers. |
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Products : |
·
Blow Moulded Containers ·
Injection Moulded Components ·
Compression Moulded Caps ·
Injection Stretch Blow moulded-Single stage Pet
Bottles ·
Injection Blow Moulded Bottles |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
The Shamrao Vithal Co-Operative Bank Limited, G-1, 6, 7 and 8, Ganesh
Krupa, RHB Road, Mulund (West), Mumbai – 400 080, Maharashtra, India |
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Facilities : |
(Rs. in Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rakesh R. Agarwal and Associates Chartered Accountants |
|
Address : |
M-2, Sharda Chamber
No. 1, 31, Keshavji Naik Road, Bhat Bazar, Masjid Bunder (West), Mumbai-
400009 |
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PAN.: |
AABPA9684P |
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Related Party : |
·
Trimurthi Polymers ·
Plenco Closures Private Limited ·
Pravir Polymers Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
9939000 |
Equity Shares |
Rs.10/- each |
Rs.99.390
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
99.390 |
99.390 |
37.390 |
|
|
2] Share Application Money |
0.000 |
.0000 |
0.000 |
|
|
3] Reserves & Surplus |
33.130 |
32.157 |
35.686 |
|
|
4] (Accumulated Losses) |
0.000 |
.0000 |
0.000 |
|
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NETWORTH |
132.520 |
131.547 |
73.076 |
|
|
LOAN FUNDS |
|
|
|
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1] Secured Loans |
574.883 |
605.772 |
525.173 |
|
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2] Unsecured Loans |
88.082 |
64.297 |
109.755 |
|
|
TOTAL BORROWING |
662.965 |
670.069 |
634.928 |
|
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DEFERRED TAX LIABILITIES |
11.219 |
11.784 |
9.200 |
|
|
|
|
|
|
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TOTAL |
806.704 |
813.400 |
717.204 |
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|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
541.031 |
555.933 |
530.589 |
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Capital work-in-progress |
3.188 |
25.078 |
45.806 |
|
|
|
|
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INVESTMENT |
12.038 |
12.138 |
12.137 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
211.511 |
146.455 |
79.062 |
|
|
Sundry Debtors |
168.853 |
132.482 |
62.268 |
|
|
Cash & Bank Balances |
1.451 |
11.163 |
2.569 |
|
|
Other Current Assets |
38.962 |
41.809 |
35.186 |
|
|
Loans & Advances |
2.834 |
8.436 |
0.000 |
|
Total
Current Assets |
423.611 |
340.345 |
179.085 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
175.924
|
119.451
|
52.363
|
|
|
Other Current Liabilities |
9.956
|
7.883
|
7.928
|
|
|
Provisions |
0.050 |
5.525 |
2.335 |
|
Total
Current Liabilities |
185.930 |
132.859 |
62.626 |
|
|
Net Current Assets |
237.681 |
207.486 |
116.459 |
|
|
|
|
|
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|
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MISCELLANEOUS EXPENSES |
12.766 |
12.765 |
12.213 |
|
|
|
|
|
|
|
|
TOTAL |
806.704 |
813.400 |
717.204 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1028.983 |
825.230 |
390.290 |
|
|
|
Other Income |
16.232 |
6.820 |
1.513 |
|
|
|
TOTAL (A) |
1045.215 |
832.050 |
391.803 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
508.310 |
387.319 |
|
|
|
|
Manufacturing service costs |
296.658 |
226.117 |
|
|
|
|
Employee related costs |
53.760 |
41.065 |
|
|
|
|
Administrative selling other expenses |
30.535 |
24.476 |
|
|
|
|
TOTAL (B) |
889.263 |
678.977 |
329.746 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
155.952 |
153.073 |
62.057 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
84.803 |
84.487 |
23.319 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
71.149 |
68.586 |
38.738 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
69.741 |
70.205 |
18.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX (E-F) (G) |
1.408 |
(1.619) |
20.655 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
(0.565) |
1.911 |
7.205 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-I) (J) |
1.973 |
(3.530) |
13.450 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
31.156 |
34.686 |
21.236 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
33.129 |
31.156 |
34.686 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
68.314 |
55.871 |
0.734 |
|
|
TOTAL EARNINGS |
68.314 |
55.871 |
0.734 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
256.401 |
160.992 |
16.393 |
|
|
TOTAL IMPORTS |
256.401 |
160.992 |
16.393 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
0.19 |
(0.35) |
3.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.19
|
(0.42) |
3.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.14
|
(0.20) |
5.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.33
|
(0.48) |
11.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
(0.01) |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.41
|
6.10 |
9.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.28
|
2.56 |
2.86 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS DETAILS:
PARTICULARS
|
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
Rs.
In Millions 31.03.2009 |
Sundry Creditors
|
|
|
|
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
175.924
|
119.451
|
52.363
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions 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
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Note:
Registered office of the company has been shifted from 72, Raja
Industrial Estate, P K Road, Mulund (West), Mumbai – 400 080, Maharashtra,
India to the present address
w.e.f.02.02.2012
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate identity number of the company |
U25201MH1997PLC106819 |
|
Name of the company |
ORGANIC INDUSTRIES LIMITED |
|
Address of the registered office or of the
principal place of business in |
72, Raja Industrial Estate, Email: opl@mtnl.net.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
10136136 |
|
Type of charge |
Book debts Movable property (not being pledge) Stock, Plant and Machinery |
|
Particular of charge holder |
The Shamrao
Vithal Co-Operative Bank Limited, G-1, 6, 7 and 8, Ganesh Krupa, RHB Road, Mulund
(West), Mumbai – 400 080, Maharashtra, India
Email: shuklagk@svcbank.com |
|
Nature of instrument creating charge |
Third Supplemental Joint Deed of
Hypothecation for Working Capital |
|
Date of instrument Creating the charge |
03.01.2012 |
|
Amount secured by the charge |
Rs.220.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest As may be decided
by the Banks, from time to time. Terms of
Repayment As may be decided
by the Banks, from time to time. Margin As may be decided
by the Banks, from time to time. Extent and
Operation of the charge To secure due repayment
of credit facilities aggregating Rs.220.000 Millions by the SVCB consortium,
together with costs, interest, charges, expenses thereof, granted by the
Banks to the Company. The Shamrao
Vithal Bank are lead bankers of this consortium facility. Others Total Facilities: Shamrao Vithal Bank: Rs 114.000 Millions
(CC (Plastic Divn.) Rs. 77.500 Millions, CC (Chem. Divn.): Rs. 36.500
Millions), TJSB: Rs.78.600 Millions (CC (Plastic
Divn.) Rs. 47.500 Millions, CC (Chem. Divn.): Rs. 31.100 Millions), PMCB:
Rs.27.400 Millions (CC (Plastic Divn.) Rs. 17.500 Millions, CC (Chem. Divn.):
Rs.9.900 Millions), Total facilities is Rs.220.000 Millions |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
The whole of the Current Assets of the
Borrower namely the Borrower's stock of Raw Materials,
Stocks-in-Process,Semi-finished and finished Goods, Stores and Spares not
relating to P and M (consumables, stores and spares), etc. at
factories, premises and godowns at Bangalore, Asangaon and Dahej, in states
of Karnataka, Maharashtra and Gujarat of Plastic and Chem. Division (consumables, stores and spares), etc. at
factories, premises and godowns at Bangalore, Asangaon and Dahej, in states
of Karnataka, Maharashtra and Gujarat of Plastic and Chem. Division All tangible movable machinery, plant
machinery, fixtures, fittings other installation cranes, furniture, computers
and other accessories of Plastic and Chem. Division |
|
Date of instrument modifying the charge |
07.04.2010 |
|
Particulars of the present modification |
By this present modification, the
aggregate facilities have been enhanced to Rs.220.000 Millions for Plastic
and Chemical Divisions. SVCB CC limit is enhanced from Rs.94.000 Millions to
Rs 1140, TJSB CC limit enhanced from Rs 63.600 Millions to Rs 78.600 Millions
PMCB CC limit enhanced from Rs.12.400 Millions to Rs.27.400 Millions
Therefore the total facilties stand modified to Rs.220.000 Millions |
FIXED ASSETS:
- Goodwill
- Land
- Building
- Plant and
Machinery
- Electrical
Installation
- Dies and
Tools
- Office
Equipments
- Air
Conditioner
- Furniture and
Fixtures
- Interior
Decoration
- Computer
- Motor Car
- Clean Room
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.55.52 |
|
|
1 |
Rs.88.49 |
|
Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.