|
Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
H M GRAINS AND PULSES PROCESSING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No.669, At and Post : Thala, National Highway, No 8, Opposite Reliance Petrol Pump, Taluka Chikhli – 396521, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.01.2010 |
|
|
|
|
Com. Reg. No.: |
04-059315 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.721 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01111GJ2010PTC059315 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Processor of Wheat and Rice. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 46000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
external borrowing appears to be huge which act as a treath to the liquidity
of the company. However, Financial performance seems to be improving. Trade relations
are reported to be fair. Business is active. Payments are reported to be slow
but correct. The company can be considered for business dealings with some caution Note: Mr. Manoj Singh, Branch manager has reported that the company
maintains proper record and good relation with the bank. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ 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 PARTED BY
|
Name : |
Mr. Chandubhai L. Patel |
|
Designation : |
Manger |
|
Contact No.: |
91-9825139539 |
|
Date : |
19.03.2013 |
LOCATIONS
|
Registered Office : |
Block No.669, At and Post : Thala, National Highway, No 8,
Opposite Reliance Petrol Pump, Taluka Chikhli – 396521, Gujarat, India |
|
Tel. No.: |
91-2634-232110 / 231730 / 233110 / 234110 |
|
Mobile No.: |
91-9825139539 (Mr. Chandubhai L. Patel) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Iqbalbhai Habibbhai Memon |
|
Designation : |
Director |
|
Address : |
Koveri Complex, Opposite Nani Masjid, Chikhli-
396521,District Novsari Gujarat, India
|
|
Date of Birth/Age : |
11.03.1952 |
|
Pan No. : |
ACSPM1238J |
|
Date of Appointment : |
25.01.2010 |
|
DIN No.: |
02905232 |
|
|
|
|
Name : |
Mr. Ashraf Habib Meman |
|
Designation : |
Director |
|
Address : |
At and Post Gamtal, Fadvel. Chikhli- 396521,District Novsari
Gujarat, India |
|
Date of Birth/Age : |
18.03.1954 |
|
Pan No. : |
ACSPM1236G |
|
Date of Appointment : |
25.01.2010 |
|
DIN No.: |
02905314 |
|
|
|
|
Name : |
Mr. Majidbhai Habibbhai Memon |
|
Designation : |
Director |
|
Address : |
Koveri Complex, Opposite Nani Masjid, Chikhli-
396521,District Novsari Gujarat, India
|
|
Date of Birth/Age : |
23.03.1962 |
|
Pan No. : |
ACSPM1235F |
|
Date of Appointment : |
25.01.2010 |
|
DIN No.: |
02905221 |
KEY EXECUTIVES
|
Name : |
Mr. Chandubhai L. Patel |
|
Designation : |
Manger |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Majidbhai Hablbbhal Memon |
|
14000 |
|
Iqbalbhai Hablbbhal Memon |
|
17450 |
|
Ashrafbhai Habibbhai Memon |
|
39550 |
|
Ashmaben Iqbalbhai Memon |
|
100 |
|
Mukaddlnbhal Ashraf Memon |
|
100 |
|
Rozlnaben Javedbhai Memon |
|
100 |
|
Javidbhai Kadarbhai Memon |
|
100 |
|
Sanobarben Iqbalbhai Memon |
|
100 |
|
Imranbhal Ashrafbhai Memon |
|
100 |
|
Irfanbhai Kadarbhai Memon |
|
100 |
|
Badrunben Iqbalbhai Memon |
|
100 |
|
Yashminben Ashrafbahi Memon |
|
100 |
|
Gulshanben Majidbhai Memon |
|
100 |
|
Avesh Kadarbhai Memon |
|
100 |
|
Total |
|
72100 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Processor of Wheat and Rice. |
|
|
|
|
Products : |
· Gram · Cattle Feed Supplements · Jawar · Peas · Bajra · Moriyo · Pulses · Poha · Edible Salt · Spices and Seasonings · Wheat · Flour · Papad · Sabudana |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Vishwapratap Graini Brokers ·
Viralkumar and Company ·
Vijay Canvasing Agent ·
Venkatech Trading Company. ·
Vasudevi Traders ·
V.N. Canvassers ·
Union Rodways
Limited ·
U.T. Basmati House ·
Toralben B. Golwala ·
Thakkar Enterprises |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
Wholesalers and Retailers ·
Nayak Foundation ·
Aaijee Kirana Stores ·
Adinath Pro Stores ·
Agraal Traders ·
Ajay Traders
·
Amit Shoes ·
Amit Traders ·
Anish Enterprises ·
Atul Traders ·
Babubhai Varma |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
40 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Corporation Bank, Samrudhhi Arcade, Opposite Bagladev Mandir, Collage Road, Chikhali, District Navsari - 396521, Gujarat, India Tel. No.:
91-2634-230948 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
RAS and Company Chartered Accountants |
|
Address : |
205-208 Land Mark Mall, Near Sayaji Library, Navsari – 396445,
Gujarat, India |
|
Tel. No.: |
91-2637-241022 |
|
Mobile No.: |
91-9879468680 |
|
E-Mail : |
|
|
PAN.: |
AWMPS1785N |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.10/- each |
Rs.0.900 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
72000 |
Equity Shares |
Rs.10/- each |
Rs.0.720
Million |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.10/- each |
Rs.0.900 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
72100 |
Equity Shares |
Rs.10/- each |
Rs.0.721
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.721 |
0.721 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
10.980 |
4.361 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
11.701 |
5.082 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
48.356 |
33.758 |
|
|
2] Unsecured Loans |
|
17.525 |
9.018 |
|
|
TOTAL BORROWING |
|
65.881 |
42.776 |
|
|
DEFERRED TAX LIABILITIES |
|
0.838 |
0.662 |
|
|
|
|
|
|
|
|
TOTAL |
|
78.420 |
48.520 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
30.296 |
26.482 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
28.513
|
15.533 |
|
|
Sundry Debtors |
|
32.523
|
18.555 |
|
|
Cash & Bank Balances |
|
0.363
|
0.810 |
|
|
Other Current Assets |
|
4.912
|
1.606 |
|
|
Loans & Advances |
|
0.001
|
0.001 |
|
Total
Current Assets |
|
66.312
|
36.505 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
11.516
|
12.773 |
|
|
Other Current Liabilities |
|
6.549
|
1.540 |
|
|
Provisions |
|
0.123
|
0.154 |
|
Total
Current Liabilities |
|
18.188
|
14.467 |
|
|
Net Current Assets |
|
48.124
|
22.038 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
78.420 |
48.520 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
|
353.526 |
101.365 |
|
|
|
Other Income |
|
2.999 |
1.377 |
|
|
|
TOTAL (A) |
|
356.525 |
102.742 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
|
334.430 |
110.191 |
|
|
|
Changes in inventories of finished goods work-in-progressed
Stock-in-Trade |
|
(12.979) |
(15.533) |
|
|
|
Employee benefits expense |
|
3.310 |
0.268 |
|
|
|
Other expenses |
|
18.250 |
4.558 |
|
|
|
Prior Period Items |
|
0.000 |
0.001 |
|
|
|
TOTAL (B) |
|
343.011 |
99.485 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
13.514 |
3.257 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
4.584 |
2.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
8.930 |
1.064 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
3.856 |
1.519 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
5.074 |
(0.455) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.176 |
0.662 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
4.898 |
(1.117) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
67.93 |
15.49 |
|
Expected Sales (2012-13) : Rs.450.000 Millions
The above information has been parted by Mr. Chandubhai L. Patel
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
1.37 |
(1.09) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
1.44 |
(0.45) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
5.25 |
(0.72) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.43 |
(0.09) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
5.63 |
8.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.65 |
2.52 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
TRADE REFERENCES
·
Nayak Foundation
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long Term
Borrowing |
|
|
|
Ashrafbhai Habibbhai Memon |
4.134 |
0.094 |
|
Ashm Rfam Memon |
0.928 |
0.768 |
|
Avesh Kadarbhai Memon |
0.596 |
0.538 |
|
Badrunben Iqbalbhai Memon |
0.000 |
0.005 |
|
Gulshanben Majidbhai Memon |
0.726 |
1.048 |
|
Irfan K. Memon |
1.500 |
1.301 |
|
Iqbalbhai H. Memon |
2.055 |
0.162 |
|
Irfanbhai Kadarbhai Memon |
1.292 |
1.092 |
|
Javidbhai Kadarbhai Memon |
1.450 |
1.242 |
|
Majidbhai Hablbbhal Memon |
2.117 |
0.005 |
|
Mukaddlnbhal Ashraf Memon |
0.919 |
0.729 |
|
Rozlnaben Javedbhai Memon |
0.824 |
0.664 |
|
Sanobarben Iqbalbhai Memon |
0.934 |
0.773 |
|
Yashminben Ashrafbahi Memon |
0.050 |
0.597 |
|
Total |
17.525 |
9.018 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U01111GJ2010PTC059315 |
|
Name of the
company |
H M GRAINS AND
PULSES PROCESSING PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Block No.669, At and Post : Thala, National Highway, No 8, Opposite Reliance Petrol Pump, Taluka Chikhli – 396521, Gujarat, India |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10219943 |
|
Type of charge |
· Book debts · Movable property (not being pledge) · Others (Plant & Machinery and Other Movable Assets And Stock) |
|
Particular of
charge holder |
Corporation Bank, Samrudhhi Arcade, Opposite Bagladev Mandir, Collage Road, Chikhali, District Navsari - 396521, Gujarat, India |
|
Nature of
instrument creating charge |
Deed of
hypothecation |
|
Date of
instrument Creating the charge |
24.01.2013 |
|
Amount secured by
the charge |
Rs.67.100
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest CC - BASE RATE +
2.60% i.e. 13.10% p.a. at present TL1 - Base Rate +
2.10% i.e 12.75% p.a TL2 - 13 % Base Rate
+ 2% i.e 13.50% p.a less 0.50% concession as per H.O. Circular Terms of Repayment CC - running
account repayable on demand subject to Annual Renewal TL1 - repayable
in 72 monthly installments of Rs.0.161 Million each after completion of moratorium
period of 3 months as per original CSI dated 29.03.2010 TL2 - Not to
exceed 60 Months from the date of 1st disbursement in 60 monthly installments
of 91,670/- each. Margin Raw
Materials - 25% Work-in-Process -
25% Finish Goods -
25% Book Debts - 40% TL- 1 - 25% of
Original Cost TL- 2 - 25.15% Extent and Operation of the charge First charge over
companies assets. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All type of movable property beloging to company and plant and machinery, book bebts, and stock. Continueing charge by emg ovet the existing collateral security held for the existing limits. |
|
Date of
instrument modifying the charge |
09.02.2012 |
|
Particulars of the
present modification |
Increase in
Working Capital Limit from Rs. 35.000 Millions to 50.000 Millions and New
Term Loan of Rs.5.500 Millions. |
FIXED ASSETS
· Building
· Plant and Machinery
· Electronic Weigh Bridge
· Bag Closer Machine
· Water Cooler
· Computer
· Furniture and Fixtures
· Vehicle
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 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.54.44 |
|
|
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.