MIRA
INFORM REPORT
|
Report Date : |
20.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
OLIVE TREE TRADING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
403, Aditi Commerce Centre, 2406, East Street, Pune – 411001,
Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.07.2001 |
|
|
|
|
Com. Reg. No.: |
11-016326 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51225PN2001PTC016326 |
|
|
|
|
IEC No.: |
3101003270 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEO01139F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO4259J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Importer and Distributor of Edible Oil, Olive Oils and Food
Products. |
|
|
|
|
No. of Employees
: |
90 (Approximately) (In Office = 28, In Warehouse = 18 and In Branch =
44) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 140000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
There appears sharp dip in the profitability during 2011-2012. However, general financial position seems to be good. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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. Rajesh Sharma |
|
Designation : |
General Manager |
|
Contact No.: |
91-9822081789 |
|
Date : |
20.04.2013 |
LOCATIONS
|
Registered Office : |
403, Aditi Commerce Centre, 2406, East Street, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-66011771 |
|
Mobile No.: |
91-9822081789 (Mr. Rajesh Sharma) |
|
Fax No.: |
91-20-66021902 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 sq. ft. |
|
Location : |
Leased |
|
|
|
|
Warehouse : |
Survey No.1162, Vadki, Pune – 412308, Maharashtra, India |
|
Tel. No.: |
91-20-66011771 |
|
Fax No.: |
91-20-66021902 |
|
Area : |
20000 sq.ft |
|
|
|
|
Branch Office : |
Located At ·
Bangalore ·
Gurgaon ·
Mumbai ·
Nagpur ·
Kolkata ·
New Delhi ·
Secunderabad ·
Chandigarh ·
Ahmedabad ·
Chennai |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Sujeet Suresh Shah |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
23A, Padma Vilas Enclave, Wanowarie, Pune- 411040, Maharashtra, India |
|
Date of Birth/Age : |
14.02.1964 |
|
Qualification : |
Post Graduate |
|
Experience : |
25 Years |
|
Date of Appointment : |
19.07.2001 |
|
DIN No.: |
01906925 |
|
|
|
|
Name : |
Mrs. Reshma
Sujeet Shah |
|
Designation : |
Director |
|
Address : |
23A, Padma Vilas Enclave, Wanowarie, Pune- 411040, Maharashtra, India |
|
Date of Birth/Age : |
23.09.1962 |
|
Qualification : |
Graduate |
|
Experience : |
20 Years |
|
Date of Appointment : |
19.07.2001 |
|
DIN No.: |
01906949 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Sharma |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sujeet Suresh
Shah |
|
930000 |
|
Reshma Sujeet
Shah |
|
90000 |
|
|
|
|
|
Total |
|
1020000 |
As on 28.09.2012
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, Importer and Distributor of Edible Oil, Olive Oils and Food
Products. |
|
|
|
|
Products : |
· Coffee – Lavazza – Italy · Olive Oil – Olitalia – Italy · Balsamic Vinegars – Cremonini – Italy · Pasta – Dececco – Italy · Pasta Sauces and Preserved Vegetables – Sacla – Italy · Pastries and Cookies – Vicenzi – Italy · Olives, Artichokes, Sundried Tomatoes – Di Vita – Italy · Speciality Stuffed Olives – Cobos – Spain · Crisp Breads – Finn Crisp – Finland · Energy Drink – Battery – Finland · Organic Sormilk – Silk – USA · Organic Silken Tofu – Morinu – USA · Porcini Mushrooms and Polenta – I. I Gusto – Italy · Peeled Tomatoes – La Valle – Italy · White Truffle Oils and Winter Truffles – Tartu Falba – Italy ·
Japanese Foor Products and Kitchenware –
Direct Imports from Japan. |
|
|
|
|
Imports : |
|
|
Products : |
· Olive Oil · Pasta · Pasta Sauces and Pesto’s · Breakfast Cereals · Soymilk and Almond Milk · Silken Tofu · Olitalia-olive oils · Cremonini - balsamic vinegars · Sacla - classic range of pasta sauces & pesto, antipasto, pate, bread toppings, olives · DiVita - caper berries, salted capers, artichokes, sundried tomatoes, black and green olives · De Cecco - pasta, flour, Italian riso, tomatoes · II Gusto - dried porcini mushrooms, polenta · Alfonso Sellitto - peeled plum tomatoes · Robo - beans, olives · Molino di Borgo - Italian black rice · Fabbri 1905 - amarena cherries · Tartufalba - white truffle oil, black truffles, truffle paste · Monviso - crustini, croutons, sweet toast · SoSalt - iodised sea salt · Salina di Cervia - natural sea salt · Natural Honey · Morinaga Nutritional Foods - Mori-Nu silken tofu · Silk - soymilk, almond milk · Familia - breakfast cereal (muesli) · Olea Europaea - extra large green olives stuffed with - piri piri, almonds, jalapeno, onions, garlic, gherkins, pimento, capers · kalamata olives · J. LeBlanc - range of speciality oils · Finn Crisp - whole grain crisp bread · Amazon - green amazon peppers ·
Gold of the Inkas - organic quinoa Own |
|
Countries : |
·
Italy ·
Switzerland ·
USA ·
Spain ·
Greece ·
France ·
Finland ·
Colombia ·
Peru |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit (30 Days / 60 Days) |
|
|
|
|
Purchasing : |
Cash / Credit (30 Days / 60 Days / 90 Days / 180 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
Filli Dececco di Filippo Fara S Martino Spa
–Italy ·
Filli Sacla Spa – Italy ·
WhiteWave Foods, U.S.A ·
Morinaga Nutritional Foods INC, U.S.A. ·
Olitalia Srl, Italy ·
Bio Familia AG, Switzerland |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
Imports, Marketing and Distribution ·
Oberoi Hotels, Mumbai ·
Taj Mahal Palace, Mumbai ·
J.W. Marriott, Mumbai ·
Leela kermpinski, Mumbai ·
Hyatt Regency, Mumbai ·
The Imperial, Delhi ·
Hyatt Regency, Delhi ·
Radisson Hotel, Delhi |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
90 (Approximately) (In Office = 28, In Warehouse = 18 and In Branch =
44) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Citibank N. A., First Floor, Onyx Tower, Near Westin Hotel North, Main Road, Koregaon Park, Pune – 411001, Maharashtra, India · ABN Amro Bank, Off M G Road, Camp, Pune - 411001, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India ·
HDFC Bank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
Credit Limited Rs.66.000 Millions (From Citibank N. A) (Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.G. Joshi and
Company Chartered
Accountants |
|
Address : |
Flat No.6, Janhavi Apartments, CTS No.90/22, Bhonde Colony,
Erandawane, Pune – 411004, |
|
PAN.: |
AABFP2335E |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1050000 |
Equity Shares |
Rs.10/- each |
Rs.10.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1020000 |
Equity Shares |
Rs.10/- each |
Rs.10.200
Millions |
|
|
|
|
|
Rights of Equity
Shareholders:
The Company has only one class of shares referred to as acuity shares having face value of Rs.10/- each. Each shareholder of equity shares is entitled for one vote per share and has a right to receive the dividend as may be recommended by the Board of Directors and subject to necessary approval from the shareholders.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
The reconciliation of
the number of shares outstanding as at 31 March 2012 and 31 March 2011 is set
out below;
|
Equity shares |
No. of shares |
Rs. In Millions |
|
Shares outstanding at the beginning of the year |
1,020,000 |
10.200 |
|
Shares Issued during the year |
- |
- |
|
Shares bought back during the year |
- |
- |
|
Shares outstanding at the end of the year |
1,020,000 |
10.200 |
The details of
shareholder holding more than 5% shares as at 31 March 20I2 is sot out below;
|
Name of Shareholder |
No. of shares |
% of Holding |
|
Sujeet Suresh
Shah |
930,000 |
91.18 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.200 |
10.200 |
10.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
25.509 |
24.375 |
16.386 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
35.709 |
34.575 |
26.586 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
56.816 |
40.414 |
30.259 |
|
|
2] Unsecured Loans |
3.144 |
0.000 |
3.369 |
|
|
TOTAL BORROWING |
59.960 |
40.414 |
33.628 |
|
|
DEFERRED TAX LIABILITIES |
0.718 |
0.479 |
0.242 |
|
|
|
|
|
|
|
|
TOTAL |
96.387 |
75.468 |
60.456 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
30.478 |
26.184 |
8.252 |
|
|
Capital work-in-progress |
2.663 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.151 |
0.140 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
58.300
|
47.953 |
33.112
|
|
|
Sundry Debtors |
39.484
|
34.912 |
33.838
|
|
|
Cash & Bank Balances |
8.839
|
1.358 |
0.000
|
|
|
Other Current Assets |
0.005
|
0.001 |
1.148
|
|
|
Loans & Advances |
2.036
|
4.189 |
6.958
|
|
Total
Current Assets |
108.664
|
88.413 |
75.056 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.836
|
24.876 |
14.768
|
|
|
Other Current Liabilities |
18.377
|
8.504 |
4.415
|
|
|
Provisions |
2.356
|
5.889 |
3.669
|
|
Total
Current Liabilities |
45.569
|
39.269 |
22.852 |
|
|
Net Current Assets |
63.095
|
49.144 |
52.204
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
96.387 |
75.468 |
60.456 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
212.923 |
187.668 |
166.075 |
|
|
|
Other Income |
0.050 |
0.033 |
5.218 |
|
|
|
TOTAL |
212.973 |
187.701 |
171.293 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
200.146 |
167.688 |
159.986 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
200.146 |
167.688 |
159.986 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
12.827 |
20.013 |
11.307 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
8.397 |
7.059 |
5.245 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.430 |
12.954 |
6.062 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
1.830 |
1.214 |
1.012 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.600 |
11.740 |
5.050 |
|
|
|
|
|
|
|
|
|
|
TAX |
1.466 |
3.892 |
0.791 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.133 |
7.989 |
4.259 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(LOSS) Per Share (Rs.) |
1.11 |
7.83 |
4.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.53
|
4.26 |
2.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.22
|
6.26 |
3.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.87
|
10.24 |
6.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.34 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.68
|
1.17 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.38
|
2.25 |
3.28 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Creditors for Purchases |
16.707 |
10.068 |
10.511 |
|
Creditors for expenses |
8.129 |
14.808 |
4.257 |
|
Total |
24.836 |
24.876 |
14.768 |
|
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 |
Yes |
|
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 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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long Term Borrowing
|
|
|
|
BMW Financials |
2.372 |
0.000 |
|
Kotak Mahindra Bank Limited |
0.772 |
0.000 |
|
Total |
3.144 |
0.000 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U51225PN2001PTC016326 |
|
Name of the
company |
OLIVE TREE
TRADING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
403, Aditi Commerce Centre, 2406, East Street, Pune – 411001,
Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10250550 |
|
Type of charge |
· Book debts · Floating charge ·
Others (Stocks) |
|
Particular of
charge holder |
Citibank N. A., First Floor, Onyx Tower, Near Westin Hotel North, Main Road, Koregaon Park, Pune – 411001, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of
modification for Goods Security Agreement |
|
Date of
instrument Creating the charge |
26.12.2012 |
|
Amount secured by
the charge |
Rs.76.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction
terms and as may be decided by the bank and company mutually from time. Terms of Repayment Repayable on
demand, annually renewable. Margin Borrower shall at
all times during the continuance of the security maintain a sufficient amount
to provide the margin of security as may from time to time advised by the
bank. Extent and Operation of the charge First exclusive
charge on the current assets (including stocks and book debts) of the
borrower present and future in favour of Citibank N.A for the repayment of
all monies in respect of the credit facility, including outstanding balance
and also all interest, costs, charges and expenses. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Current assets (including stocks and book debts) of the borrower present and future |
|
Date of
instrument modifying the charge |
30.04.2012 |
|
Particulars of
the present modification |
By this
modification the limit is enhanced from Rs.66.000 Millions to Rs.76.000
Millions and the charge is secured by First exclusive charge on the current
assets (including stocks and book debts) of the borrower present and future. |
TRADE REFERENCES
·
Olitalia Srl
·
Filli Dececco Spa
·
Filli Sacla Spa
·
Bio Familia
·
White Waves Inc
·
Morinaga Nutritional
Foods Inc
FIXED ASSETS:
- Computers
- Motor
Vehicles
- Furniture and
Fixtures
- Equipments
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.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
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 |
|
43 |
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.