MIRA
INFORM REPORT
|
Report Date : |
21.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
ADM AGRO INDUSTRIES KOTA AND AKOLA PRIVATE LIMITED (w.e.f. 03.11.2011) |
|
|
|
|
Formerly Known
As : |
GEEPEE AGRI PRIVATE LIMITED (w.e.f. 16.07.2009) NOBLE GRAIN INDIA PRIVATE LIMITED (w.e.f. 26.07.2006) SIDHARTH SOYA PRODUCTS PRIVATE LIMITED |
|
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|
|
Registered
Office : |
B-1, Defence Colony, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.04.1991 |
|
|
|
|
Com. Reg. No.: |
55-205408 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.605.113 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15493DL1991PTC205408 |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCS9646L |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Subject is
primarily engaged in the business of manufacturing/ extraction/ trading and refining
of edible oils from oil seeds and trading of certain agricultural products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1575000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track record. There appears some accumulated losses recorded by the company. However, trade relation are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c
(Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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.
LOCATIONS
|
Registered Office : |
B-1, Defence Colony, |
|
Tel. No.: |
91-11-23354904 |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Corporate Office : |
Vatika Business Park, Block-2, 6th Floor, Gurgaon-Sohna
Express Way, Sector-49, Gurgaon – 122 018, Haryana, India |
|
Tel. No.: |
91-124-4937800 |
|
Fax No.: |
91-124-4937889 |
|
|
|
|
Factory 1 : |
Sultanpur Road, Village Tathed ,District Kota – 325 201, Rajasthan,
India |
|
Tel. No.: |
91-744-2863383 |
|
|
|
|
Factory 2 : |
N-55, MIDC, Phase IV, Village Shivani, District Akola, Akola – 444 104,
Maharashtra, India |
|
Tel. No.: |
91-724-2259012-15 |
|
Fax No.: |
91-724-2259091 |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Amit Bhuttan |
|
Designation : |
Director |
|
Address : |
5/376, Vaishali, Ghaziabad – 201 001, Uttar Pradesh, India |
|
Date of Birth/Age : |
24.11.1974 |
|
Date of Appointment : |
08.08.2011 |
|
DIN No.: |
01088105 |
|
|
|
|
Name : |
Mr. Chander Shekher Sharma |
|
Designation : |
Director |
|
Address : |
D-44, Ground Floor, Uppal South End, Sector – 49, Gurgaon Sohna Road,
Gurgaon – 122 003, Haryana, India |
|
Date of Birth/Age : |
07.09.1955 |
|
Date of Appointment : |
08.08.2011 |
|
DIN No.: |
03591130 |
KEY EXECUTIVES
|
Name : |
Mr. Abhishek Aditya |
|
Designation : |
Secretary |
|
Address : |
House No.A-259, Majlis Park, Adarsh Nagar, Delhi – 110 033, India |
|
Date of Birth/Age : |
12.11.1989 |
|
Date of Appointment : |
01.04.2013 |
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PAN No.: |
AMAPA3522F |
|
Mobile No.: |
91-9718059009 |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
ADM Agro Industries India Private Limited, India |
60511250 |
|
Amit Bhutan (Amit Bhuttan holds 1 Equity Share as Nominee of ADM Agro
Industries India Private Limited) |
1 |
|
Total |
60511251 |
As on 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily
engaged in the business of manufacturing/ extraction/ trading and refining of
edible oils from oil seeds and trading of certain agricultural products. |
||||||||
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|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
Licensed Capacity and Installed Capacity (As Certified by Management)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
|
Solvent Plant – Extraction of Vegetables Oils |
M.T. |
450000 |
450000 |
|
Refined Vegetables Oils |
M.T. |
93000 |
60000 |
|
Pungent and Expeller Oils |
M.T. |
60000 |
60000 |
|
Particulars |
Unit |
Actual Production |
|
De-oiled Cake |
M.T. |
180,586 |
|
Vegetable Crude / Degummed Oil |
M.T. |
9,140 |
|
Refined Oil |
M.T. |
33,229 |
|
Pungent Oil* |
M.T. |
2,805 |
|
Oiled Cake |
M.T. |
1,398 |
|
*Includes Nil MT Mustard Pungent Oil produced during trial run
operation |
||
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
State
Bank of Hyderabad, Commercial Branch, 74, Janpath, New Delhi – 110 001, India ·
The Hongkong and Shanghai Banking Corporation
Limited, 25, Barakhamba Road, New Delhi – 110 001, India ·
Standard Chartered Bank, H-2, Credit Risk
Control, Connaught Circus, New Delhi – 110 001, India |
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
·
Rabo India Finance Limited, GF/A-03 B, Ground
Floor, Building No.9, Tower A, DLF Cyber City, Phase-III, Gurgaon – 122 002,
Haryana, India ·
Madhya Pradesh Financial Corporation, Finance
House, A.B. Road, Indore – 452 001, Madhya Pradesh, India |
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|
|
|
Auditors : |
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
Address : |
Golf View
Corporate, Tower – B, Sector - 42, Sector Road, Gurgaon,
Haryana, India |
|
PAN No.: |
AACFS6921Q |
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|
|
|
Memberships : |
Federation of Indian Export Organisations (FIEO) |
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|
|
|
Holding Company : |
·
Siam Stock Holdings Limited, Mauritius ** ·
ADM Agro Industries India Private Limited, India
(CIN No.: U01403DL2009PTC189874) |
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|
|
|
Ultimate Holding Company: |
Archer Daniels Midland Company, United States |
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|
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|
Fellow Subsidiary Company : |
·
ADM Agro Industries Dharwad Private Limited,
India (CIN No.: U74999DL2004PTC124262) ·
Toepfer International Asia Pte Limited, Singapore
·
Toepfer (India) Private Limited, India (CIN No.:
U15142MH1982PTC027550) ·
ADMISI Commodities Private Limited, India (CIN
No.: U74140MH2006PTC163998) ·
ADM Agro Industries Latur and Vizag Private
Limited, India (CIN No.: U15143DL1991PTC083071) ·
Toepfer International Asia Pte Limited.*** ·
Toepfer ( India) Private Limited*** ·
ADMISI Commodities Private Limited.*** |
|
|
|
|
Enterprises owned or
significantly influenced by key management personnel or their relatives : |
·
Illingworth Marketing Private Limited, India (CIN
No.: U74899DL1994PTC090652) ** ·
Arvind Silk Mills Private Limited, India (CIN
No.: U18201DL1981PTC117449) ** ·
Geepee Softech Services Private Limited, India
(CIN No.: U51101DL2009PTC196536) ** |
*** w.e.f August 16, 2011
** upto August 16, 2011
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60511251 |
Equity Shares |
Rs.10/- each |
Rs.605.113 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
605.113 |
605.113 |
577.905 |
|
(b) Reserves & Surplus |
(211.194) |
(343.859) |
(205.536) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
393.919 |
261.254 |
372.369 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
82.500 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
37.048 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
7.940 |
2.943 |
0.000 |
|
Total Non-current Liabilities (3) |
7.940 |
2.943 |
119.548 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
3558.094 |
2076.559 |
584.883 |
|
(b) Trade payables |
212.610 |
501.094 |
426.622 |
|
(c) Other current
liabilities |
97.629 |
51.366 |
133.564 |
|
(d) Short-term provisions |
18.951 |
19.161 |
17.453 |
|
Total Current Liabilities (4) |
3887.284 |
2648.180 |
1162.522 |
|
|
|
|
|
|
TOTAL |
4289.143 |
2912.377 |
1654.439 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
619.282 |
600.130 |
529.811 |
|
(ii) Intangible Assets |
0.060 |
0.204 |
0.310 |
|
(iii) Capital
work-in-progress |
18.547 |
0.719 |
77.834 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.140 |
0.209 |
0.220 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
65.399 |
47.427 |
46.059 |
|
(e) Other Non-current assets |
0.000 |
2.214 |
0.205 |
|
Total Non-Current Assets |
703.428 |
650.903 |
654.439 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2121.990 |
1562.214 |
561.216 |
|
(c) Trade receivables |
994.066 |
92.955 |
168.491 |
|
(d) Cash and cash
equivalents |
45.405 |
25.029 |
148.395 |
|
(e) Short-term loans and
advances |
293.138 |
554.668 |
87.505 |
|
(f) Other current
assets |
131.116 |
26.608 |
34.393 |
|
Total Current Assets |
3585.715 |
2261.474 |
1000.000 |
|
|
|
|
|
|
TOTAL |
4289.143 |
2912.377 |
1654.439 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
6139.638 |
|
|
|
Other Income |
|
|
104.125 |
|
|
|
TOTAL |
13810.130 |
7233.579 |
6243.763 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
13637.151 |
7627.196 |
6301.597 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
172.979 |
(393.617) |
(57.834) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
40.314 |
35.863 |
33.378 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX |
132.665 |
(429.480) |
(91.212) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(37.048) |
35.465 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
132.665 |
(392.432) |
(126.677) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(609.204) |
(216.772) |
(90.095) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(476.539) |
(609.204) |
(216.772) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
De-oiled Cake [FOB value] |
3531.776 |
849.463 |
48.247 |
|
|
TOTAL EARNINGS |
3531.776 |
849.463 |
48.247 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
226.462 |
41.621 |
78.694 |
|
|
|
Spare and Stores |
0.129 |
0.000 |
0.000 |
|
|
|
Traded Goods |
0.000 |
0.000 |
139.490 |
|
|
TOTAL IMPORTS |
226.591 |
41.621 |
218.184 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
2.19 |
(6.49) |
(4.36) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.96 |
(5.42) |
(2.03) |
|
|
|
|
|
|
|
(PBT/Sales) |
(%) |
NA |
NA |
(1.48) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.11 |
(14.75) |
(5.79) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
(1.64) |
(0.24) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
9.03 |
7.95 |
1.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92 |
0.85 |
0.86 |
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 |
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 |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loan from bank |
2192.000 |
0.000 |
|
Foreign currency
term loans from banks |
0.000 |
15.227 |
|
Working capital
loans from banks |
1000.000 |
960.000 |
|
Loans repayable
on demand |
366.094 |
1101.332 |
|
|
|
|
|
Total |
3558.094 |
2076.559 |
INDEX OF CHARGES
No Charges Exist for Company
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
Intangible Assets
·
Goodwill
· Computer Software
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.62.24 |
|
|
1 |
Rs.101.81 |
|
Euro |
1 |
Rs.84.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.