|
Report Date : |
31.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHREE DATT AQUACULTURE FARMS PRIVATE LIMITED [w.e.f. 18.08.2006] |
|
|
|
|
Formerly Known
As : |
SHREE DATT ACQUACULTURE FARMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bhenkabhai Ice Factory Compound,
Vakharia Bundar Road, Billimora, Navsari- 396321 Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.09.2003 |
|
|
|
|
Com. Reg. No.: |
09-042900 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 29.220 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05004GJ2003PTC042900 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
SRTS06138G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS2203C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company processes and Exports Shrimps, Prawns, and Fish; predominantly
the black tiger type of Shrimp. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (22) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is promoted by the Tandel family of Billimora [Gujarat]. It is
an established company having Moderate track record. There appears huge external borrowing recorded by the company. The
profitability is low. There appears delay in servicing its debt. Business is active. Payments terms are slow and delayed. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
CASH CREDIT FACILITY = D |
|
Rating Explanation |
DEFAULT |
|
Date |
19.10.2011 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
BANK GUARANTEE = D |
|
Rating Explanation |
DEFAULT |
|
Date |
19.10.2011 |
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 : |
Bhenkabhai Ice Factory Compound, Vakharia Bundar Road, Billimora, Navsari- 396321 Gujarat India |
|
Tel. No.: |
91-2634-282151 / 284251 / 325021 |
|
Fax No.: |
91-2634-283151 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Dattubhai Babubhai Tandel |
|
Designation : |
Director |
|
Address : |
Gururkrupa, Plot No. 100/ B Anand Nagar Society, Billimura, Surat –
396321, Gujarat India |
|
Date of Appointment : |
12/09/2003 |
|
DIN No.: |
00161285 |
|
|
|
|
Name : |
Mr. Rajeshkumar Babubhai Tandel |
|
Designation : |
Director |
|
Address : |
105, Jivanjyot Apartment, Vakharia Bhunder Road, Billimura, Surat –
396321, Gujarat India |
|
Date of Appointment : |
12/09/2003 |
|
DIN No.: |
00174404 |
|
|
|
|
Name : |
Mr. Vasubhai Babubhai Tandel |
|
Designation : |
Director |
|
Address : |
H No. B - 588 Nemani Nagar, Village Antaliya Billimura, Surat –
396321, Gujarat India |
|
Date of Appointment : |
12/09/2003 |
|
DIN No.: |
00231215 |
|
|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Dattubhai Babubhai Tandel |
|
200000 |
|
Mr. Vasubhai Babubhai Tandel |
|
140000 |
|
Mr. Rajeshkumar Babubhai Tandel |
|
160000 |
|
Mr. Babubhai Tandel |
|
170000 |
|
Mrs. Kamlaben Tandel |
|
130000 |
|
Mrs. Minaxiben Tandel |
|
130000 |
|
Mrs. Nayanaben Tandel |
|
130000 |
|
Mr. Rohankumar Tandel |
|
45000 |
|
Mr. Dhaval Kumar Tandel |
|
40000 |
|
Mr. Babubhai Tandel (HUF) |
|
62500 |
|
Mr. Dattubhai Babubhai Tandel (HUF) |
|
1562000 |
|
Mr. Vasubhai Tandel (HUF) |
|
62500 |
|
Mr. Ramdas Tandel |
|
30000 |
|
Mr. Govindbhai Tandel |
|
30000 |
|
Mr. Nanubhai Tandel |
|
30000 |
|
Total |
|
2922000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company processes and Exports Shrimps, Prawns, and Fish;
predominantly the black tiger type of Shrimp. |
PRODUCTION STATUS
|
Particulars |
Unit |
As
on 31.03.2011 |
|
Tiger Prawns |
Kgs |
1387635 |
|
Wastage and Weight Loss |
Kgs |
10813 |
|
Fish |
Kgs |
1894805 |
|
Wastage and Weight Loss |
Kgs |
1368 |
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of India, Surat Mid Corporate Branch, 1st Floor, Near BSNL office, Ghod Dod Road, Surat - 395001, Gujarat, India · Bank of India, 1st Floor, Near BSNL office, Ghod Dod Road, Surat - 395007, Gujarat, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
S.M.Desai and Company Chartered Accountants |
|
Address : |
Durga Bhavav Collage Road, Surat – 396321, Gujarat, India |
|
PAN No.: |
AAXPD0852A |
|
|
|
|
Sister Concern: |
Shree Datt Aquaculture Farms |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2922000 |
Equity Shares |
Rs.10/- each |
Rs. 29.220 Millions |
|
|
|
|
|
|
|
|
|
|
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 |
29.220 |
27.500 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
1.950 |
|
|
3] Reserves & Surplus |
48.430 |
20.000 |
14.573 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
77.650 |
47.500 |
26.523 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
131.829 |
68.581 |
142.553 |
|
|
2] Unsecured Loans |
267.639 |
195.811 |
12.920 |
|
|
TOTAL BORROWING |
399.468 |
264.392 |
155.473 |
|
|
DEFERRED TAX LIABILITIES |
2.424 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
479.542 |
311.892 |
181.996 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
134.345 |
85.723 |
62.178 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.330 |
7.158 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
289.125
|
206.574 |
120.700 |
|
|
Sundry Debtors |
54.728
|
29.025 |
26.950 |
|
|
Cash & Bank Balances |
5.457
|
0.592 |
11.543 |
|
|
Other Current Assets |
0.242
|
0.071 |
0.000 |
|
|
Loans & Advances |
59.391
|
20.736 |
1.770 |
|
Total
Current Assets |
408.943
|
256.998 |
160.963 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
50.763
|
24.671 |
39.741 |
|
|
Other Current Liabilities |
7.977
|
2.485 |
5.307 |
|
|
Provisions |
5.006
|
4.003 |
3.319 |
|
Total
Current Liabilities |
63.746
|
31.159 |
48.367 |
|
|
Net Current Assets |
345.197
|
225.839 |
112.596 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.064 |
|
|
|
|
|
|
|
|
TOTAL |
479.542 |
311.892 |
181.996 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
960.787 |
611.718 |
251.087
|
|
|
|
Other Income |
14.066 |
0.717 |
0.000 |
|
|
|
TOTAL (A) |
974.853 |
612.435 |
251.087 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
897.382 |
583.458 |
229.323 |
|
|
|
Change in Inventory |
(68.506) |
(86.983) |
(51.502) |
|
|
|
Employee Benefit Expense |
23.574 |
9.233 |
0.000 |
|
|
|
Other Expenses |
71.882 |
55.426 |
44.152 |
|
|
|
Preliminary Expenses |
0.000 |
0.000 |
0.048 |
|
|
|
TOTAL (B) |
924.332 |
561.134
|
222.021 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
50.521 |
51.301 |
29.066 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
27.733 |
32.058 |
13.793 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
22.788 |
19.243 |
15.273 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.069 |
11.316 |
9.032 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.719 |
7.927 |
6.241 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
4.609 |
2.500 |
2.420 |
|
|
|
|
|
|
|
|
|
Add |
PROFIT FROM
DISCONTINUING OPERATION |
0.841 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) |
2.951 |
5.427 |
3.821 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.800 |
4.373 |
0.552 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.751 |
9.800 |
4.373 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
536.792 |
204.295 |
|
|
TOTAL EARNINGS |
NA |
536.792 |
204.295 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw
Materials |
NA |
12.748 |
NA |
|
|
|
TOTAL IMPORTS |
NA |
12.748 |
NA |
|
|
|
|
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.30
|
0.89 |
1.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.70
|
1.30 |
2.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.24
|
2.31 |
2.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.17 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.96
|
6.22 |
7.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.42
|
8.25 |
3.33 |
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U05004GJ2003PTC042900 |
|
Name of the
company |
SHREE DATT
AQUACULTURE FARMS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Bhenkabhai Ice
Factory Compound Vakharia Bundar Road,
Bilimora Navsari - 396321 Gujarat india |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
10340359 |
|
Type of charge |
·
Book debts ·
Movable property(not being pledge) ·
Floating charge ·
others |
|
Particular of
charge holder |
Bank of India,
Surat Mid Corporate Branch, 1st Floor,, Near BSNL office, Ghod Dod
Road,, Surat - 395001, Gujarat, India |
|
Nature of
instrument creating charge |
Supplemental
Hypothecation - Cum - Loan Agreement To Secure Additional Cash Credit/ Epc/
Fbp/ Term Loan/ Other Credit Facilities |
|
Date of instrument
Creating the charge |
11.06.2012 |
|
Amount secured by
the charge |
Rs. 410.200
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Term Loans - 4.50%
Over Base Rate - PRESENTLY 15.00% p.a. with monthly rests WC Limits - at
4.00% over base rate - presently 14.50% p.a. with monthly rests EPC/PCFC/FBP/BG -
as per extant guidelines Terms of Repayment Tl-I-18 Eqi of
Rs.2.428 Millions From July-09; Tl-Ii-60 Emi Of Rs.0.667 Millions From
April-2011; Tl-Iii-20 Eqi Of Rs.1.890
Millions From June-2012; Fctl-Ii-60 Emi Of $ 14898 Each From Apr-11;
Fctl-Iii-20 Eqi Of $ 42235 Each From June-12 C.C. Reducible by
20 eqi of Rs.1.105 millions each commencing from June 2012 Margin 25% Extent and Operation of the charge First Exclusive
Charge Over Land & Building, Plant & Machinery, and Entire Current
Assets of the Company |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation. of
Plant & Machinery as Per Sche.Ii,
Ann.Ii Of Attach Doc. Hypothecation of
Current Assets-Rm Like Chem, Bleaching Powder, Lime Probiotics, Fish Seeds,
Commer.Seeds, Semi Processed & Processed Marine Products Incl
Prawns,Shirmps as Per Sched Ii Part B&C Of Attached Doc S.N.270 Paikee 1,
Vill. Talodh, Within Bilimora Nagaroalika Tal. Gandevi, Dist. Navsari
Admesuring 9813 Sq. Mt. Owned In The Name Of M/S. Shree Datt Aquaculture Farm
Private limited. |
|
Date of
instrument modifying the charge |
17.06.2011 |
|
Particulars of
the present modification |
Charge Amount
Stands Modified To Rs.410.2 Millions As Under T.L. I - 16.9
Millions T.L. Ii – 27.4 Millions T.L. Iii - 37.8
Millions C.C. I (Stock) -
20.0 Millions C.C. Ii (Clean) –
22.1 Millions Epc/Pcfc/Fbd/Fcbd
- (Dp/Da 90 Days) - 235.0 Millions Peak Season
Finance (Epc) – 50.000 Millions Gaurantees -
1.000 Millions |
FIXED ASSETS
·
Land and building
·
Furniture and fixture
·
Plant and machinery
·
Office equipment
·
Laboratory equipment
·
Vehicles
·
Computer
·
Electric installation
·
Factory equipment
·
Electric weighing scale
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.54.84 |
|
|
1 |
Rs.88.39 |
|
Euro |
1 |
Rs.72.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPN |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
22 |
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.