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Report Date : |
04.02.2012 |
IDENTIFICATION DETAILS
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Name : |
SRESTA NATURAL BIOPRODUCTS PRIVATE LIMITED |
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Registered Office : |
No.203, Pavani Annexe, Road No. 2, Banjara Hills, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
09.03.2004 |
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Com. Reg. No.: |
01-42837 |
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CIN No.: [Company
Identification No.] |
U01122AP2004PTC042837 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDS07392A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers, Exporter, Importer and Dealer of Organic
Food Products and Beverages. |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
USD 180000 |
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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. Its profitability is under severe
pressure, having good amount of accumulated losses. Payments are reported as slow
but correct. The company can
be considered for small to mediocre business dealings with slight caution,
initially. |
ECGC Country Risk Classification List June 30, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
Subjects name is
not enlisted as a defaulter in the publicly available RBI Defaulters list.
EPF (Employee Provident Fund) DEFAULTERS LIST STATUS
Subjects 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. Shrikant G |
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Designation : |
Front Officer |
LOCATIONS
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Registered Office : |
No.203, Pavani Annexe, Road No. 2, Banjara Hills, |
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Tel. No.: |
91-40-27893028/ 23543766 |
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Mobile No.: |
91-9885670385 |
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Fax No.: |
91-40-27893029/ 23543767 |
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E-Mail : |
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Website : |
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Head Office : |
Sresta House, Plot # 7, LIC Colony, |
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Tel. No.: |
91-40-27893028 |
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Fax No.: |
91-40-27893029 |
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E-Mail : |
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Location : |
Rented |
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Factory 1 : |
Survey No. 536, |
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Tel. No.: |
91-8418-260536 |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Rajashekar Reddy Seelam |
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Designation : |
Chairman Cum Managing Directors |
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Address : |
203, Pavani Annexe, Road 2, Banjara Hills, |
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Date of Birth/Age : |
20.09.1964 |
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Qualification : |
Graduate |
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Date of Appointment : |
09.03.2004 |
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Name : |
Mrs. Renuka Rajashekar Seelam |
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Designation : |
Director |
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Address : |
203, Pavani Annexe, Road 2, Banjara Hills, |
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Date of Birth/Age : |
25.08.1970 |
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Qualification : |
Graduate |
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Date of Appointment : |
09.03.2004 |
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Name : |
Mr. A. Ramammurthy Ramesh |
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Designation : |
Director Nominee (APIDC Venture Capital Limited) |
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Address : |
7-1-77/C, |
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Name : |
Mr. K Pandiarajan |
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Designation : |
Director |
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Address: |
AJ 254, Street, 9th Main Raod, Shanti Colony, Anannagar,
Chennai-600040, |
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Date of Birth/Age : |
26.04.1959 |
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Date of Appointment : |
14.06.2005 |
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Name : |
Mr. Kundur C. Reddy |
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Designation : |
Director |
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Date of Appointment : |
16.05.2007 |
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Name : |
Mr. A Ramesh |
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Designation : |
Director |
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Address: |
7-1-77/C, |
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Date of Birth/Age : |
21.05.1957 |
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Date of Appointment : |
20.09.2006 |
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Other Directorship: |
Dynam Venture East Private Limited U85110TN1994PTC027416 Suyog Chemicals Private Limited U24110MH1984PTC033417 Moschip Semiconductor Technology Limited L31909AP1999PLC032184 Triad Fuel Engineering Private Limited U63033KA2001PTC032184 Vibromech Engineers and Services Limited L29211TN1973PLC006495 Biioserve Biotechnologies ( U72200AP1994PTC017063 Marillion Pharmaceuticals India Private Limited U24239AP2005PTC048633 Cecilia Healthcare Services Private Limited U85110AP2005PTC048536 Ventureast Drug Discovey Sevices Private Limited U242997AP2006PTC050815 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 22.09.2007)
|
Names of Shareholders |
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No. of Shares |
|
Equity Shares |
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Rajashekar Reddy Seelam |
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771500 |
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Renuka Rajashekar Seelam |
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274750 |
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Sivasankara Prasad Yedla |
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50000 |
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Vijay Bhaskar Reddy Seelam |
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50000 |
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K Pandiarajan |
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100000 |
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VSK Kishore |
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20000 |
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Meena Mohan |
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25000 |
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K Misra |
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100000 |
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Sunil Jalihal |
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14000 |
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Ventureast Trustee Company Private Limited |
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1905 |
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V Sriram Rao |
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10000 |
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Total |
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1417155 |
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Preference
Shares |
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Venture Trustee Company Private Limited |
|
1903651 |
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Total |
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1903651 |
As on 31.12.2007
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Names of Shareholders |
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No. of Shares |
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Rajasekhar Reddy Seelam |
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251000 |
As on 12.06.2008
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Names of Shareholders |
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No. of Shares |
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Rajasekhar Reddy Seelam |
|
448469 |
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K Pandiarajan |
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42027 |
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Renuka Seelam |
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182108 |
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YSS Prasad |
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17500 |
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Ventureast Trustee Company Private Limited |
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800 |
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K Jaishree |
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10000 |
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Total |
|
700904 |
Equity Share Breakup (Percentage of Total
Equity)
(As on 30.09.2007)
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Names of Shareholders |
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Percentage |
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Bodies Corporate |
|
57.32 |
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Directors or Relatives of Directors |
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42.68 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Exporter, Importer and Dealer of Organic
Food Products and Beverages. |
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Products : |
Pickles and Chutneys
: Bombay Pulao (Rice with various vegetables) Lemon Pickle (Spicy)
Masalas and Curry
Paste : Dal Masala
Chutney Powder : Dal Chutney powder
Spice pastes Ginger Paste
Spices - Whole & Powders
Chilly
Sweeteners Jaggery
Edible oils Peanut oil
Coffee : § Green beans §
Roasted beans §
Ground coffee
Papadams : Soy Masala §
Punjabi Masala Culinary herbs Dried Basil Marjoram |
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Exports : |
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Products : |
All Products |
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Countries : |
European Countries |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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GENERAL INFORMATION
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No. of Employees : |
Around 100 [In Office 30 and In Factory 70] |
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Bankers : |
· State Bank of · HDFC Bank
Limited, Paridige Branch, |
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Facilities : |
The existing cash credit limits of Rs. 4.000 millions have been
enhanced to Rs. 11.000 millions as follows: Cash Credit hypothecation Rs. 10.000 millions Foreign Packaging credit and Foreign bills discounting Rs. (7.500)
millions (sub limit of CC hypothecation) Bank Guarantee Rs. 1.000 million |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Gandhi and Gandhi Chartered Accountants |
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Address : |
1002, |
CAPITAL STRUCTURE
As
on 22.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
2500000 |
Equity Shares |
Rs. 10/- each |
Rs.25.000 millions |
|
2000000 |
Preference Shares |
Rs. 10/- each |
Rs.20.000 millions |
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Total |
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Rs. 45.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1417155 |
Equity Shares |
Rs. 10/-
each |
Rs.14.172
millions |
|
1903651 |
Preference Shares |
Rs. 10/-
each |
Rs.19.036
millions |
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Total |
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Rs.33.208 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
33.208 |
11.652 |
2.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
33.044 |
2.100 |
0.000 |
|
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4] (Accumulated Losses) |
(20.482) |
(4.443) |
(0.747) |
|
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NETWORTH |
45.770 |
9.309 |
1.253 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.968 |
0.568 |
0.000 |
|
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2] Unsecured Loans |
0.000 |
0.000 |
3.676 |
|
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TOTAL BORROWING |
2.968 |
0.568 |
3.676 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
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TOTAL |
48.738 |
9.877 |
4.929 |
|
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APPLICATION OF FUNDS |
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|
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FIXED ASSETS [Net Block] |
6.442 |
1.230 |
0.524 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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INVESTMENT |
24.918 |
0.800 |
0.000 |
|
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DEFERREX TAX ASSETS |
8.173 |
1.362 |
0.252 |
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.735
|
4.111 |
2.260 |
|
|
Sundry Debtors |
3.416
|
1.661 |
0.000 |
|
|
Cash & Bank Balances |
1.967
|
0.022 |
0.999 |
|
|
Other Current Assets |
0.093
|
0.158 |
0.038 |
|
|
Loans & Advances |
0.000
|
0.004 |
0.028 |
|
Total
Current Assets |
10.211
|
5.956 |
3.325 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
1.592
|
0.350 |
0.194 |
|
|
Provisions |
0.073
|
0.000 |
0.078 |
|
Total
Current Liabilities |
1.665
|
0.350 |
0.272 |
|
|
Net Current Assets |
8.546
|
5.606 |
3.053 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.659 |
0.879 |
1.100 |
|
|
|
|
|
|
|
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TOTAL |
48.738 |
9.877 |
4.929 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
Sales Turnover |
|
20.266 |
9.574 |
|
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Other Income |
|
0.564 |
0.030 |
|
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Total Income |
|
20.830 |
9.604 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
(22.777) |
(4.806) |
|
|
Provision for Taxation |
|
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
|
(22.777) |
(4.806) |
|
|
|
|
|
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|
|
Expenditures : |
|
|
|
|
|
|
Direct Expenses |
|
19.801 |
7.298 |
|
|
Administrative and Selling Expenses |
|
23.574 |
6.916 |
|
|
Financial Charge |
|
0.232 |
0.196 |
|
|
Other Expenditure |
|
0.000 |
0.000 |
|
Total Expenditure |
|
43.607 |
14.410 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
(109.35)
|
(50.04) |
NA |
|
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|
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
(112.39)
|
(50.20) |
NA |
|
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|
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
(136.77)
|
(66.88) |
NA |
|
|
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|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.50)
|
(0.52) |
NA |
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|
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|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.10
|
1.10 |
4.15 |
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|
Current Ratio (Current Asset/Current Liability) |
|
6.13
|
17.01 |
12.22 |
LOCAL AGENCY FURTHER INFORMATION
Review
of Operations:
The Companys sales have increased form Rs.
5.460 Million to 15.300 Millions during the current financial year ending 31st
March 2007 as compared to previous financial year. Further the Company has also
started exports and made an export turnover of Rs. 2.590 Millions during the
current year. The Company has incurred a loss fo Rs. 14.040 Millions as against
Rs. 3.700 Millions for the previous years.
The financial year 2006-2007 is the first
full year of operations of the company. The company has been expanding to more
of locations are there has been huge marketing expenditure and in view of the
same the company has incurred loses.
The company management is putting all its
efforts to bring awareness about organic food in
Trade References:
§ Spencer Retails Limited
§ Hypermax
§ S P Stores
Bankers Charges Report as per Registry
|
Name of the company |
SRESTA NATURAL BIOPRODUCTS PRIVATE LIMITED |
|
Presented By |
Mr. S. Rajashekar Reddy |
|
1) Date and description of instrument creating the change |
Agreement of loan for overall limit dated 27.04.2005
Agreement of hypothecation of goods and assets dated 27.04.2005
Agreement of pledge of goods and assets dated 24.04.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Cash credit Rs. 4.000 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of stock |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Cash credit interest @ 12.25% p.a. Terms and conditions as per the loan agreement |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of Yellareddy Guda Branch - 3257, |
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6) Date and brief description of instrument modifying the charge |
NA |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the Details of the modification. |
NA |
|
This form is for |
Modification of
charge |
||||||||||||||||||
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Charge
identification number of the modified |
90128834 |
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Corporate
identity number of the company |
U01122AP2004PTC042837 |
||||||||||||||||||
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Name of the
company |
SRESTA NATURAL BIOPRODUCTS PRIVATE LIMITED |
||||||||||||||||||
|
Address of the
registered office or of the principal place of business in |
No.203, Pavani Annexe, Road No. 2, Banjara Hills, |
||||||||||||||||||
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Type of charge |
Book Debts Movable Property Immovable
Property |
||||||||||||||||||
|
Particular of
charge holder |
State Bank of |
||||||||||||||||||
|
Nature of description
of the instrument creating or modifying the charge |
|
||||||||||||||||||
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Date of instrument
Creating the charge |
03.01.2008 |
||||||||||||||||||
|
Amount secured by
the charge |
Rs. 11.000
Millions |
||||||||||||||||||
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As applicable to
SB-4 credit rating i.e. 2.50% over SBAR (Presently at 12.75% p.a.) with an
effective rate being 15.25% p.a at monthly rests Terms of
Repayment Working Capital: Period: 12 Months Repayable on
demand Margin
Extent and
Operation of the charge The charge
operates as a security for the repayment of credit facility availed by the Company
together with the payment of interest and any other charges, costs and
expenses payable to or incurred by the Bank |
||||||||||||||||||
|
Particulars of
the present modification |
The existing cash
credit limit of Rs. 4.000 Millions have been enhanced Rs. 11.000 Millions as
follows. Cash Credit
hypothecation Rs. 10.000 Millions Foreign Packaging
Credit and Foreign bills discounting (Sub Limit of CC hypothecation) Rs.
7.500 Million Bank Guarantee
Rs. 1.000 Million Total Rs. 11.000
Millions. |
Fixed Assets:
·
Car
·
Computer
·
Computer Software
·
EPBAX
·
Furniture and Fixture
·
Plant and Machinery
·
UPS
·
Weighing Schale
AS PER WEB:
History:
Food is the strength that builds the fabric
of life. But with modern industrialized farming systems food has lost its
purity. Keeping this in mind they at Sresta Natural Bioproducts Private Limited
have made the ancient 24-letter feeding principle the guiding principle of
their commitment to promote sustainable lifestyles and livelihoods.
Tvam Bhumir Apo Analo Anilo Nabha-
You alone are Earth. Water, Fire, Air & Ether is the blend of all basic
elements that compose wholesome food. And what better way to wholesome food
than organic food.
Organic food is cultivated without the use of pesticides, fungicides,
herbicides or fertilizers. Their exclusive organic retail outlets 24 Letter
Mantra stocks wide range of organic and natural food products that aim to give
you a life filled with sunshine, happiness, caring, trust and humor.
Subject is promoted and professionally managed by people with extensive
experience in Agribusiness and senior managerial experience. This is the first
organized effort on a nationwide basis to produce and market Indian Organic
products systematically in
Subject has more than 10000 acres under Organic cultivation across various
states of
Profile:
Sresta means Excellence. And true to its
name Sresta was founded on the vision of enhancing the quality of lives of the
customers, the people and the farmers with products that support health and
wellbeing.
At Sresta they are committed to providing the highest quality, organic food in
Headquartered in
·
Farming
·
Processing
·
Packaging
·
Domestic Retailing
·
Exports
The-Stop for Organic products
At Sresta, they produce food with Values that remembers its roots.
Subject offers a wide variety of produce and products ranging from fresh fruits
& vegetables, purees and juices, Commodities and over 300 retail food
products. The products are certified for EU 2092/91, USA NOP and Indian NPOP
standards.
VALUES & BELIEFS
·
Achieve Global excellence with respect to products,
processes, practices and people by benchmarking with the best.
·
Deliver outstanding value to customers by
innovating continuously and by fast responsiveness.
·
Respect and encourage each individuals ability,
creativity and teamwork.
·
Fair & Ethical dealing with all constituents
customers, farmers, suppliers, shareholders, employees, Government & others
stakeholders.
People:
Sresta team has 60 full time trained, well
qualified and experienced people. Apart from the full time staff Sresta has
retained consultants for specialized projects and also employees another 30
people indirectly through partner NGOs. The expertise of the people range from
Agriculture production, supply chain management, Food technology, processing,
quality assurance, sales & marketing, International trade, Finance and
accounts.
Farmind Project
Subject is involved from Seed to Kitchen
stage and has dedicated relationships with thousands of farmers across the
country. Their field production projects are spread across the country and
across varied agro-climatic zones. This translates into:
§
Ability to produce a wide range of crops
§
Ensure quality by choosing the right seed, soil
& climate
§
Close guidance and monitoring of field practices
for various crops
§
Reduce production risks associated with nature by
having at least two production centers for most crops
Currently they have over 10000 acres across
the country under various stages of Organic production. They take maximum
advantage of the varied agro-climatic zones and produce crops which are native
to that particular place and also take consideration the climatic conditions
and soil, which translates into quality produce.
All their projects are supervised by their
team members located across the country. Their inclusive model involves
partnering with Local Non Governmental organizations in mobilizing farmers and
training them in Organic agriculture. They partner with leading Agriculture research
institutions and experts in
They have their projects in various parts of
Rajasthan, Orissa, Tamil Nadu, Karnataka, Kerala, Andhra Pradesh, Maharashtra,
They also work with other certified Organic
producers across the country.
Their sourcing of products from various
places across the country ensures consistent supply of products and variety to
choose from. And the certifications ensure that you get the best product with
complete assurance.
Processing:
Sresta's strong domestic marketing
presence along with a wide range of products translates into many benefits:
Processing infrastructure both owned, and
outsourced across
·
People located across the country.
·
Regularly used facilities.
·
Experience in handling and processing of various
products.
The central storage and processing facility
is located in
The
processing facilities include
·
ECO2 treatment
·
Grain cleaning and grading
·
Facilities for processing of Rice, Wheat, Millets,
Lentils, Edible oil, spices grinding
·
Preparation of spice pastes, masalas
·
Chutneys, pickles, jams, fruit products
·
Papadums
·
Ready-to-eat and Ready-to-cook products
·
Fruit & vegetable packhouses
·
IQF & frozen products
·
Purees & Juices
·
Dehydrated products
·
Confectionary
·
Baking etc
The packaging facilities can handle packing
from 10 gms to 25 Kg including Nitrogen flushed packing and vaccum packing. All
the facilities follow GMP, GHP and many of the facilities are certified for
HACCP and some are certified for ISO 22000 and BRC. This translates into high
efficiency, high throughput, flexibility and excellent quality.
The trained team of food technologists supervises all the operations. The
Sresta quality assurance ensures that all required standards are adhered to at
various stages of handling and production.
Research
and Development:
Developing new products is a passion and
also a necessity for them. With the stated objective of providing at least 90%
of the family food basket in the next few years, this is of top importance to
them. They have a strong R&D team focused on food products and also work
with many Research Institutions and experienced food consultants to create new
and unique products. Over the last two years they have been successful in
launching over 300 products ranging from different flours, to differently
milled rice, processed products like Chutneys, Ready to Eat (RTE) & Ready
to Cook (RTC) products, jams, pickles, masalas, ready to eat foods, Nutrition
Bars, Ayurvedic Cookies, health drinks etc.
Having the own stores and dedicated
partnerships with Retailers in
The product development efforts start with a
concept and a search for the recipes. This often takes them to the homes of
families who have perfected the art of fine cooking over many generations. Then
the culinary experts in the trial kitchen experiment and fine tune the recipe.
They then work with experts, research institutions and manufacturing partners
to develop the production technology. They strictly adhere to the Organic
protocol.
Take the example of the Ayurvedic cookies
and health drinks where they have worked with a leading research institution
with in depth knowledge in Ayurvedic and local health traditions and
capabilities in product development.
·
First they researched the Sastras (Traditional
Ayurvedic texts) to identify appropriate and authentic Ayurvedic formulae for
the various purposes intended by them.
·
The next step was to identify the appropriate
vehicles for presenting the benefits. In this case they choose Cookies and health
drinks to incorporate the Ayurvedic formulae.
·
They then developed an appropriate recipe for the
cookies and lealth drinks in consultation with Vaidyas (Ayurvedic Doctor).
This was essential to ensure that the other ingredients had a synergistic or
neutral effect on the intended benefit.
·
Then the production methods were developed keep in
view the handling properties of the Ayurvedic formula.
·
The products were produced in the Lab and
palatability and shelf life tests were done. The recipe and production methods
were further fine tuned.
·
Finally the skilled bakers took over to add there
own experience and unique touch to come out with exemplary products.
·
The end result - Immuno cookies, Ayurvedic health
cookies, Digestive cookies, Breath easy Cake, Diabetic cookies.
Sresta is the one stop shop for huge range
of exemplary Organic Indian food products. Come partner with them for mutual
benefit.
Exports:
Indian food is the second most popular
cuisine in the world and is discovering new fans across the seas. Global
opportunities have also created a burgeoning Indian Diaspora. In an attempt to
capture this segment and also give a taste of Indian recipes to the local
customers, they can provide the right kind of platform to set up an Indian
food' counter in the premises.
The bouquet of products includes
Ready-to-eat rice, Curries, Chutneys, Pickles, Curry pastes, Masalas and Spices
etc. Whether you choose from the wide range of internationally accepted
offerings or seek tailor-made products, they can cater to all requirements.
Indian food and spices, Sresta provides an
entire range and variety in Organic food. The integrated operations starting
from farming, processing, product development, manufacturing and retailing in
Partnering
with Sresta
A leading Organic Retailer in
The Domestic Retail operations give them the
customer insights to develop products and retail concepts. They can also
develop customized products according to the requirements. They present you a
wide range of products from the portfolio.
With the integrated operations involving
field production, processing, product development, packing and retailing, e
bring you the advantage of total control over the product quality, and
availability of wide variety of products
Ready
to eat Indian foods : In heat and serve form
Pickles&
Chutneys : Used as accompaniment with Indian food Pickles
Chutneys
Masalas
& Curry Paste : Used for making Indian dishes
Chutney
Powder : Used as accompaniments with Indian breakfast preparations like
Idly, Dosa etc.
Spice
pastes : Used as an ingredient in most Indian preparations
Spices
-
Whole & Powders
Sweeteners
Edible
oils
Coffee : Green beans,
roasted beans and ground coffee
Papadams : made using
different lentils and Rice flour, they are an essential part of an Indian meal.
It is used popularly as a snack and also as a starter. They can be fried,
roasted on a low flame or in a microwave oven. Available in different flavours
and sizes. Also
Culinary herbs
Marjoram
Dried Basil
Oregano
Pepper mint leaves crushed
Spear mint leaves crushed
Domestic:
Tvam Bhumir Apo Analo Anilo Nabha- You alone
are Earth. Water, Fire, Air & Ether is the blend of all basic elements that
compose wholesome food. And what better way to wholesome food than organic food.
To provide the benefits of Organic food, they have started
At 24 Letter Mantra, they provide over 800 products under Organic range to meet
the daily needs of the consumers. The range comprises of Fresh Fruits &
Vegetables, Grocery, Bakery, Processed products and personal products. They
also have a Organic food court at the
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been
collected from various sources including but not limited to: The Courts,
1] INFORMATION
ON DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges
or conviction registered against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges
or investigation registered against subject: None
6] Records
on Intl 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 companys 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.53.32 |
|
|
1 |
Rs.84.60 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
This score serves as
a reference to assess SCs 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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.