1. Summary Information
|
Country |
INDIA |
||
|
Company Name |
SHANTHI FEEDS
PRIVATE LIMITED |
Principal Name 1 |
MR. RAMASAMY LAKSHMANAN |
|
Status |
SATISFACTORY |
Principal Name 2 |
MRS. LAKSHMANAN SHANTHI |
|
Registration # |
18-012707 |
||
|
Street Address |
6/15, MAIN ROAD,
PAPPAMPATTI, ONDIPUDUR (VIA), COIMBATORE – 641 016, TAMILNADU |
||
|
Established Date |
10.04.2006 |
SIC Code |
-- |
|
Telephone# |
91-422-2635000/ 3095000 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-422-2635053/ 3095035 |
Business Style 2 |
POULTRY PRODUCTS |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.50,000,000/-
|
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS-100% |
Banking |
STATE BANK OF INDIA |
|
Public Limited Corp. |
NO |
Business Period |
7 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
RELATED
PARTY |
INDIA
|
SN AGRO FARMS AND PRODUCTS INDIA PRIVATE LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,199,838,000
|
Current Liabilities |
646,463,000
|
|
Inventories |
818,723,000
|
Long-term Liabilities |
551,122,000 |
|
Fixed Assets |
937,682,000 |
Other Liabilities |
427,740,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,625,325,000 |
|
Invest& other Assets |
94,747,000 |
Retained Earnings |
1,275,665,000 |
|
|
|
Net Worth |
1,425,665,000 |
|
Total Assets |
3,050,990,000 |
Total Liab. & Equity |
3,050,990,000 |
|
Total Assets (Previous Year) |
2,242,160,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
8,443,970,000 |
Net Profit |
275,563,000 |
|
Total Income (Previous
yr) |
6,928,443,000 |
Net Profit(Prev.yr) |
408,292,000 |
MIRA INFORM REPORT
|
Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHANTHI FEEDS
PRIVATE LIMITED (w.e.f. 01.08.2012) |
|
|
|
|
Formerly Known
As : |
SHANTHI POULTRY FARM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6/15, Main Road,
Pappampatti, Ondipudur (VIA), Coimbatore – 641 016, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.04.2006 |
|
|
|
|
Com. Reg. No.: |
18-012707 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.50.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01222TZ2006PTC012707 |
|
|
|
|
TIN No.: |
33686243656 |
|
|
|
|
CST No.: |
752757 dated 11.04.2006 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS8030J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Poultry Products and also engaged in power generation. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5703000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. There appears slight
dip in profitability during the current year. However, general financial
position seems to be strong. Performance capability is high. Trade relations
are reported to be fair. Business is active. Payments are reported to be
regular and as per commitment. The company can
be considered for normal business dealings at usual trade terms and
condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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
|
Source
: CIA |
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 : |
6/15, Main Road,
Pappampatti, Ondipudur (VIA), Coimbatore – 641 016, Tamilnadu, India |
|
Tel. No.: |
91-422-2635000/ 3095000 |
|
Fax No.: |
91-422-2635053/ 3095035 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Chicken Processing Unit : |
Athimarathuvalasu, Palani Taluk Dindigul District – 624 417,
Tamilnadu, India |
|
E-Mail : |
DIRECTORS
As on 31.08.2012
|
Name : |
Mr. Ramasamy Lakshmanan |
|
Designation : |
Managing Director |
|
Address : |
6/14A, Main Road, Pappampatti, Coimbatore – 641 016, Tamilnadu, India |
|
Date of Birth/Age : |
28.12.1960 |
|
Qualification : |
Bachelor of Science |
|
Experience : |
29 Years |
|
Date of Appointment : |
10.04.2006 |
|
DIN No.: |
01817913 |
|
PAN No.: |
AARPL8446J |
|
|
|
|
Name : |
Mrs. Lakshmanan Shanthi |
|
Designation : |
Whole Time Director |
|
Address : |
6/14A, Main Road, Pappampatti, Coimbatore – 641 016, Tamilnadu, India |
|
Date of Birth/Age : |
04.06.1972 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
01817892 |
|
PAN No.: |
ALMPS1532N |
KEY EXECUTIVES
|
Name : |
K.
Gunasekaran |
|
Designation : |
General
Manager |
|
|
|
|
Name : |
M.K.
Sabhapathe |
|
Designation : |
General
Manager - Processing Division |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
R. Lakhsmanan |
|
750000 |
|
L. Shanthi |
|
375000 |
|
L. Saravanan |
|
375000 |
|
Total |
|
1500000 |
As on 31.08.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Poultry Products and also engaged in power generation. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of India,
Commercial Branch, 1443, Trichy Road, Coimbatore – 641 018, Tamilnadu, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
TDR and Associates Chartered Accountants |
|
Address : |
No.35 (Old
No.63) Kattoor Road, Papanaickenpalayam, Coimbatore – 641 037, Tamilnadu,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AIOPD8235G |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
SN Agro Farms
and Products India Private Limited, India (CIN No.: U01122TZ2001PTC009825) |
CAPITAL STRUCTURE
As on 31.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Shares |
Rs.100/- each |
Rs.250.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.100/- each |
Rs.150.000
millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.100/- each |
Rs.150.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000
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 |
50.000 |
50.000 |
50.000 |
|
|
2] Share Application Money Pending Allotment |
100.000 |
100.000 |
0.000 |
|
|
3] Reserves & Surplus |
1275.665 |
874.851 |
466.559 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1425.665 |
1024.851 |
516.559 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
551.122 |
496.135 |
547.559 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
100.080 |
|
|
TOTAL BORROWING |
551.122 |
496.135 |
647.639 |
|
|
DEFERRED TAX LIABILITIES |
46.791 |
45.681 |
21.280 |
|
|
|
|
|
|
|
|
TOTAL |
2023.578 |
1566.667 |
1185.478 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
937.682 |
796.765 |
607.556 |
|
|
Capital work-in-progress |
94.747 |
35.857 |
10.201 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
818.723
|
718.264 |
673.190 |
|
|
Sundry Debtors |
556.453
|
380.056 |
282.086 |
|
|
Cash & Bank Balances |
110.967
|
61.666 |
20.019 |
|
|
Other Current Assets |
0.456
|
0.000 |
0.000 |
|
|
Loans & Advances |
531.962
|
249.552 |
198.990 |
|
Total
Current Assets |
2018.561
|
1409.538 |
1174.285 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
482.760
|
323.033 |
417.795 |
|
|
Other Current Liabilities |
163.703
|
108.474 |
6.745 |
|
|
Provisions |
380.949
|
243.986 |
182.098 |
|
Total
Current Liabilities |
1027.412
|
675.493 |
606.638 |
|
|
Net Current Assets |
991.149
|
734.045 |
567.647 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.074 |
|
|
|
|
|
|
|
|
TOTAL |
2023.578 |
1566.667 |
1185.478 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
8443.970 |
6928.443 |
6077.390 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
8443.970 |
6928.443 |
6077.390 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
7868.474 |
6159.311 |
5502.275 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
7868.474 |
6159.311 |
5502.275 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
575.496 |
769.132 |
575.115 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
63.082 |
48.290 |
62.436 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
512.414 |
720.842 |
512.679 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
103.241 |
88.148 |
58.140 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
409.173 |
632.694 |
454.539 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
133.610 |
224.402 |
164.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
275.563 |
408.292 |
290.276 |
|
|
|
|
|
|
|
|
|
Add/ Less |
PRIOR PERIOD
ITEMS |
125.251 |
-- |
(2.363) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
874.851 |
466.559 |
178.646 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
874.851 |
466.559 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
93.513 |
Nil
|
Nil
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
551.13 |
816.58 |
575.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.26
|
5.89 |
4.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.84
|
28.68 |
25.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.62 |
0.88 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.39
|
0.48 |
1.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.96
|
2.09 |
1.94 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
BUSINESS, PERFORMANCE AND PROJECTS:
During the period,
the Company has achieved a turnover of Rs.8443.970 millions, earned a Net Profit
of Rs.409.173 millions. The company will earn more profit in the forthcoming
year. The Performance of the company during the year has been satisfactory. The
Company has commenced new Soya plant work is under process and expecting
production during October 2012.
The Company has
made export sales of processed chicken meat of Rs.95.735 millions during the
year.
The Directors
decided to change the name of the company in to Shanthi Feeds Private Limited
and the work is under progress.
Bankers Charges Report
as per Registry
|
Corporate identity number of the company |
U01222TZ2006PTC012707 |
|
Name of the company |
SHANTHI FEEDS
PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
6/15, Main Road,
Pappampatti, Ondipudur (VIA), Coimbatore – 641 016, Tamilnadu, India E-Mail: feeds@eth.net |
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10026929 |
|
Type of charge |
Immovable Property Book Debts Movable Property (not being pledge) Others (Current assets and Fixed Assets) |
|
Particular of charge holder |
State Bank of
India, Commercial Branch, 1443, Trichy Road, Coimbatore – 641 018, Tamilnadu,
India E-Mail: sbi.07536@sbi.co.in |
|
Nature of description of the instrument
creating or modifying the charge |
1. Link letter 2. Agreement of Loan for overall limit
(Form C.1) 3. Agreement of Hypothecation of Goods and
Assets (Form C.2) 4. Letter regarding the grant of
individual limits within the overall limit (Form C.5) |
|
Date of instrument Creating the charge |
09.10.2012 |
|
Amount secured by the charge |
Rs.972.400 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: Working Capital: 2.50% above Base Rate
i.e. 12.50% p.a. Term Loans: 2.50% above Base Rate i.e.
12.50% p.a. Terms of Repayment: Repayable on Demand Margin: 25% over Raw materials (Domestic and
Imported), Stock in process, Finished Goods, Receivables with a cover period
of 30 days, Letter of Credit and EPC Extent and Operation of the charge: PRIMARY SECURITY: CC - First charge on the
entire current assets on paripassu basis with other banks in MBA. LC (WC) - First charge on the entire
Current Assets on paripassu basis with other banks in MBA and goods covered
under LC. Term Loan - First charge over the Fixed Assets financed by the
bank. COLLATERAL: Exclusive first charge on Immovable properties of the
company at Pappampatty village and at
Kattampatti village and Second paripassu charge over the entire fixed assets
of the company Others: Total limits of Rs.972.400 millions
consist of CC of Rs.850.000 millions (with EPC sublimit of Rs.30.000 millions
and FBDN sublimit of Rs.30.000 millions), Term loan of Rs.17.400 millions, LC
of Rs.100.000 millions and PFCE of Rs.5.000 millions. |
|
Short particulars of the property charged |
Stock of raw materials, stocks in process,
finished goods, Book debts both present and future and Plant and machinery
both present and future Immovable properties at Pappampatty
village, Palladam Tk., under SF No.51/1 and 51/3 (4.29 1/2 acres) Immovable properties at Kattampatti
village,Negamam SRD,Pollachi Taluk under SF No.277/1B, 2B, 2A, 277/1A, 1B1,
1B2,2, 201, 202, 203, 209/1A, 207/2,3, 208/2, 194/1, 2, 197/4B, 199/1, 2, 3
and 200 (57.70 acres) Entire Fixed Assets of the company |
|
Date of latest modification prior to the
present modification |
08.02.2012 |
|
Particulars of the present
modification |
Consequent to execution of Link Letter and
other security documents, Limits secured by Charge on the entire current assets
of the company including movable plant and machinery, merchandise covered
under LCs and Document of Title to goods is modified from Rs.505.800 millions
to Rs.972.400 millions. |
FIXED ASSETS:
·
Land
·
Buildings
·
Factory Building
·
Plant and Equipment
·
Factory Equipments
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
|
1 |
Rs.82.55 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.