|
Report Date : |
13.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
AGRICORE COMMODITIES PRIVATE LIMITED (w.e.f. 17.07.2006) |
|
|
|
|
Formerly Known
As : |
GLENCORE COMMODITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Pharma Search House, 3rd Floor, B G Kher Marg, Worli,
Mumbai-400018, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.04.2006 |
|
|
|
|
Com. Reg. No.: |
11-161144 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 95.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51110MH2006PTC161144 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA28661D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG5797M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is incorporated with an objective to carry on the business
of sales, purchases, processing, refining, import, export of all kinds of
agricultural produce. The Company along with its holding company engages in
physical commodity trading in agricultural produce. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (17) |
|
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 |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Glencore International AG”. It is an established
company having moderate track record. The company has reported huge accumulated losses during 2012 resulting
in erosion of its net worth. For the year under review the company has made profits and is slowly
reducing its accumulated losses. The company continues to have financial and operational support from
its intermediate holding company. However, business is active. Payment terms are slow. The company can be considered for business dealings on a safe and
secured trade terms and conditions. Note: Current year profit and loss account is not available. |
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 |
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 DECLINED BY
|
Name : |
Mr. Venkat |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-65020024 |
|
Date : |
12.07.2013 |
LOCATIONS
|
Registered Office : |
Pharma Search House, 3rd Floor, B G Kher Marg, Worli,
Mumbai-400018, Maharashtra, India |
|
Tel. No.: |
91-22-65020024 |
|
Fax No.: |
91-22-66515001 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Shyam Kantibhai Doshi |
|
Designation : |
Director |
|
Address : |
Savani Apartment, M G Road, Ghatkopar (East), Mumbai-400077,
Maharashtra, India |
|
Date of Birth/Age : |
26.03.1969 |
|
Date of Appointment : |
13.04.2006 |
|
DIN No.: |
00144382 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15130MH2005PTC155626 |
GLENCORE
GRAIN INDIA PRIVATE LIMITED |
Director |
25-08-05 |
25-08-05 |
- |
Active |
NO |
|
2 |
U51110MH2006PTC161144 |
AGRICORE
COMMODITIES PRIVATE LIMITED |
Director |
13-04-06 |
13-04-06 |
- |
Active |
NO |
|
3 |
U63020DL2007PTC169975 |
NATIONAL
WAREHOUSING CORPORATION PRIVATE LIMITED. |
Nominee
director |
30-10-07 |
30-10-07 |
22-03-11 |
Active |
NO |
|
4 |
U74999DL2008PTC180298 |
NATIONAL
WAREHOUSING CORPORATION (RAJASTHAN) PRIVATE LIMITED |
Director |
01-07-08 |
01-07-08 |
02-06-11 |
Active |
NO |
|
5 |
U51200MH2008PTC182460 |
ETC
AGRO PROCESSING (INDIA) PRIVATE LIMITED |
Director |
20-03-10 |
20-03-10 |
23-02-12 |
Active |
NO |
|
6 |
U51900MH1990PTC056990 |
GREENFIELD
IMPEX PRIVATE LIMITED |
Director |
20-03-10 |
20-03-10 |
23-02-12 |
Active |
NO |
|
Name : |
Mr. Pravin Raghuvir Dongre |
|
Designation : |
Director |
|
Address : |
204, Ocean View, Union Park, Khar, Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
12.01.1961 |
|
Date of Appointment : |
13.04.2006 |
|
DIN No.: |
00145163 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U55101DL1991PTC044262 |
USHA
ADVENTURE HOTELS PRIVATE LIMITED |
Director |
22-12-04 |
22-12-04 |
- |
Active |
NO |
|
2 |
U51100MH2005PTC155520 |
YASH
COMMODITIES PRIVATE LIMITED |
Director |
22-08-05 |
22-08-05 |
- |
Active |
NO |
|
3 |
U15130MH2005PTC155626 |
GLENCORE
GRAIN INDIA PRIVATE LIMITED |
Managing
director |
01-07-06 |
25-08-05 |
- |
Active |
NO |
|
4 |
U51110MH2006PTC161144 |
AGRICORE
COMMODITIES PRIVATE LIMITED |
Managing
director |
01-08-06 |
13-04-06 |
- |
Active |
NO |
|
5 |
U01403MH2008PTC177564 |
GREENFIELDS
PALIHILL AGRO PRIVATE LIMITED |
Director |
08-01-08 |
08-01-08 |
- |
Active |
NO |
|
6 |
U51909DL1965PTC004345 |
GENERAL
SALES PRIVATE LIMITED |
Director |
30-09-09 |
18-03-09 |
- |
Active |
NO |
|
7 |
U74899DL1983PTC015432 |
USHA
SHRIRAM ENTERPRISES PRIVATE LIMITED |
Director |
30-09-09 |
20-06-09 |
- |
Active |
NO |
|
8 |
U63020DL2007PTC169975 |
NATIONAL
WAREHOUSING CORPORATION PRIVATE LIMITED. |
Nominee
director |
25-09-09 |
25-09-09 |
22-03-11 |
Active |
NO |
|
9 |
U51200MH2008PTC182460 |
ETC
AGRO PROCESSING (INDIA) PRIVATE LIMITED |
Director |
20-03-10 |
20-03-10 |
23-02-12 |
Active |
NO |
|
10 |
U51900MH1990PTC056990 |
GREENFIELD
IMPEX PRIVATE LIMITED |
Director |
20-03-10 |
20-03-10 |
23-02-12 |
Active |
NO |
|
11 |
U74120MH2011NPL217869 |
INDIA
PULSES AND GRAINS ASSOCIATION |
Director |
25-05-11 |
25-05-11 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Venkat |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Glencore Grain India Private Limited, India |
9499999 |
|
Pravin Raghuvir Dongre |
1 |
|
TOTAL
|
9500000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies Corporate |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is incorporated with an objective to carry on the business
of sales, purchases, processing, refining, import, export of all kinds of agricultural
produce. The Company along with its holding company engages in physical
commodity trading in agricultural produce. |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Mustard De oil
Cake |
MT |
35898.368 |
|
Expeller Raw
Mustard oil |
MT |
3289.091 |
|
Refined Expeller
Mustard oil |
MT |
685.450 |
|
Solvent
Extracted Mustard Oil |
MT |
4225.575 |
|
Refined Solvent
Extracted Mustard Oil |
MT |
250.075 |
|
Soya Cake |
MT |
5919.450 |
|
Soya Oil |
MT |
2948.455 |
|
Sunflower Oil |
MT |
11.615 |
* Production
quantity is quantity of goods manufactured by third party on license
production.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
India Bulls Finance Centre, Tower 3/27-32, Floor Elphinstone Mill Compound,
Senapati Bapat Marg, Elphistone (West), Mumbai-400013, Maharashtra,
India |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Holding Company : |
Glencore Grain India Private Limited CIN No.:-
U15130MH2005PTC155626 |
|
|
|
|
Ultimate Holding Company : |
·
Glencore International AG ·
Glencore International Plc |
|
|
|
|
Fellow Subsidiaries : |
GGBV Glencore India
Private Limited CIN No.:-
U00000DL1995PTC064981 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9500000 |
Equity Shares |
Rs.10/- each |
Rs. 95.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9500000 |
Equity Shares |
Rs.10/- each |
Rs. 95.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
95.000 |
95.000 |
|
(b) Reserves & Surplus |
|
(161.159) |
(360.325) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
(66.159) |
(265.325) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
5.572 |
3.122 |
|
Total Non-current Liabilities (3) |
|
5.572 |
3.122 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1395.699 |
2072.236 |
|
(b) Trade payables |
|
104.217 |
105.829 |
|
(c) Other current
liabilities |
|
155.767 |
128.461 |
|
(d) Short-term provisions |
|
0.783 |
3.459 |
|
Total Current Liabilities (4) |
|
1656.466 |
2309.985 |
|
|
|
|
|
|
TOTAL |
|
1595.879 |
2047.782 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.137 |
0.093 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.087 |
0.082 |
|
(c) Deferred tax assets (net) |
|
17.319 |
7.149 |
|
(d) Long-term Loan and Advances |
|
4.098 |
3.925 |
|
(e) Other Non-current assets |
|
5.067 |
0.424 |
|
Total Non-Current Assets |
|
26.708 |
11.673 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.035 |
3.900 |
|
(b) Inventories |
|
920.750 |
1528.565 |
|
(c) Trade receivables |
|
81.963 |
210.340 |
|
(d) Cash and cash
equivalents |
|
49.078 |
2.577 |
|
(e) Short-term loans
and advances |
|
510.420 |
287.680 |
|
(f) Other current
assets |
|
6.925 |
3.047 |
|
Total Current Assets |
|
1569.171 |
2036.109 |
|
|
|
|
|
|
TOTAL |
|
1595.879 |
2047.782 |
|
SOURCES OF FUNDS |
|
|
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
95.000 |
|
|
2] Share Application Money |
|
|
160.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(587.160) |
|
|
NETWORTH |
|
|
(332.160) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
932.000 |
|
|
TOTAL BORROWING |
|
|
932.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
599.840 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.154 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
3.967 |
|
|
DEFERREX TAX ASSETS |
|
|
0.824 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
459.917 |
|
|
Sundry Debtors |
|
|
86.211 |
|
|
Cash & Bank Balances |
|
|
8.524 |
|
|
Other Current Assets |
|
|
0.268 |
|
|
Loans & Advances |
|
|
230.624 |
|
Total
Current Assets |
|
|
785.544 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
189.290 |
|
|
Provisions |
|
|
1.359 |
|
Total
Current Liabilities |
|
|
190.649 |
|
|
Net Current Assets |
|
|
594.895 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
599.840 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.12.2009 |
|
|
|
Gross Income |
|
5538.856 |
2316.399 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
69.299 |
(75.087) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.088 |
0.098 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
69.211 |
(75.185) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
2.376 |
0.126 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
66.835 |
(75.311) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(587.160) |
(511.849) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(520.325) |
(587.160) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
193.262 |
0.000 |
|
|
TOTAL EARNINGS |
|
193.262 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
|
0.000 |
20.351 |
|
|
TOTAL IMPORTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
70.35 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.12.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
3.39 |
(9.57) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.26 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(21.10)
|
(7.81) |
(2.81) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95
|
0.88 |
4.12 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
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 |
FACILITIES
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
SHORT TERM
BORROWINGS |
|
|
|
Term Loans from Banks |
800.000 |
500.000 |
|
Foreign Currency Term Loans from Banks |
0.000 |
267.420 |
|
Intercorporate Borrowings |
595.699 |
741.663 |
|
Working Capital Loans from Banks |
0.000 |
563.153 |
|
|
|
|
|
TOTAL |
1395.699 |
2072.236 |
GENERAL
INFORMATION
Agricore
Commodities Private Limited was incorporated on April 13, 2006 as Glencore
Commodities Private Limited as a wholly owned subsidiary of Glencore Grain
India Private Limited. The Company changed its name to Agricore Commodities
Private Limited on July 17, 2006. The Company is incorporated with an objective
to carry on the business of sales, purchases, processing, refining, import,
export of all kinds of agricultural produce. The Company along with its holding
company engages in physical commodity trading in agricultural produce. The
Company, inter-alia, engages in trading in commodity futures and forwards.
FIXED ASSETS
·
Furniture and Futures
·
Plant and Machinery
·
Land and Building
·
Computer
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. 59.89 |
|
|
1 |
Rs. 90.88 |
|
Euro |
1 |
Rs. 78.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
17 |
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.