MIRA
INFORM REPORT
|
Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
FOOD AND BIOTECH ENGINEERS ( |
|
|
|
|
Registered
Office : |
Plot No.41, Flat No.C-2, Second Floor, Tajpur Road, Molarband
Extension, Near Cosmos School, (Badarpur), New Delhi – 110044 |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
15.09.1999 |
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|
|
|
Com. Reg. No.: |
55-101572 |
|
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.964
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210DL1999PTC101572 |
|
|
|
|
IEC No.: |
0500062161 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKF00269D |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACF4996P |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Dairy Processing Equipments. |
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|
|
|
No. of Employees
: |
460 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 178000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The external
borrowing appears to be huge which act as a threat to the liquidity position. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : (CRISIL) B- |
|
Rating Explanation |
Having high risk of default regarding timely
servicing of financial obligation. |
|
Date |
August 2012 |
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 PARTED BY
|
Name : |
Mr. Vinod Chauhan |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-1275-262157 |
|
Date : |
09.05.2013 |
LOCATIONS
|
Registered
Office : |
Plot No.41, Flat No.C-2, Second Floor, Tajpur Road, Molarband
Extension, Near Cosmos School, (Badarpur), New Delhi – 110044, India |
|
Tel No.: |
Not Available |
|
Mobile No.: |
91-9312069977 [Mr. Shailendra Mohan Mishra] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Chaprola Road, Village Prithla, Tehsil Palwal, Faridabad - 121003,
Haryana, India |
|
Tel. No.: |
91-1275-262157/ 262158 91-129-2510924/ 2510643/ 2510988/ 2256080 |
|
Fax No.: |
91-1275-262259 91-129-2510645/ 2510924 |
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E-Mail : |
|
|
Area : |
7000 Sq. yard |
|
Location : |
Owned |
|
|
|
|
Factory 2: |
Plot No.6, Khasra
No.14, IDC, Gurukul, Sarai Khawja (IDC), P.O. Amar Nagar, Faridabad - 121003,
Haryana,
India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Anil Kumar Sinha |
|
Designation : |
Director |
|
Address : |
H.No.282, Sector-37, Faridabad - 121003, Haryana, India |
|
Date of Birth/Age : |
02.01.1969 |
|
Date of Appointment : |
15.09.1999 |
|
DIN No.: |
00416955 |
|
|
|
|
Name : |
Mr. Munendra Kumar Singh |
|
Designation : |
Director |
|
Address : |
H.No.282, Sector-37, Faridabad - 121003, Haryana, India |
|
Date of Birth/Age : |
01.07.1973 |
|
Date of Appointment : |
15.09.1999 |
|
DIN No.: |
00417008 |
|
|
|
|
Name : |
Mr. Rabindra Prasad Singh |
|
Designation : |
Director |
|
Address : |
H.No.282, Sector-37, Faridabad – 121003, Haryana, India |
|
Date of Birth/Age : |
15.11.1959 |
|
Date of Appointment : |
15.09.1999 |
|
DIN No.: |
00417026 |
KEY EXECUTIVES
|
Name : |
Mr. Vinod Chauhan |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
R.P. Singh |
|
30,010 |
|
Muninder Kumar Singh |
|
26,430 |
|
Anil Kumar Singh |
|
23,855 |
|
B.P. Singh |
|
104,900 |
|
Alka Singh |
|
24,600 |
|
S.P. Singh |
|
56,400 |
|
D.P. Singh |
|
18,000 |
|
Muniender Kumar |
|
22,500 |
|
Krishna Murari |
|
15,550 |
|
D. K. Dhawan |
|
22,500 |
|
Kuldeep Singh |
|
15,000 |
|
Gurmeet Kaur |
|
20,000 |
|
Ram Kishan |
|
12,000 |
|
Renu Pajan |
|
14,000 |
|
Renuka Prasad |
|
20,500 |
|
D.K. Jain |
|
10,000 |
|
Muneshwari Devi |
|
15,000 |
|
Vikas Aggarwal |
|
100,000 |
|
Deepika Aggarwal |
|
120,000 |
AS ON 30.03.2013
|
Name of Allottees |
|
No. of Shares |
|
Rabindra Prasad Singh |
|
510000 |
|
|
|
|
|
Total |
|
510000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
14.28 |
|
Directors
or relatives of directors |
|
41.00 |
|
Other
top fifty shareholders |
|
44.72 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Dairy Processing Equipments. |
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Terms : |
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Selling : |
L/C, Cash and Credit [30 Days] |
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Purchasing : |
Cash and Credit [30 Days] |
GENERAL INFORMATION
|
Customers : |
Retailers |
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No. of Employees : |
460 (Approximately) |
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Bankers : |
Ø Canara Bank, NIT
Faridabad, Haryana, India Ø
Dena
Bank, 5/1, Purvavali, Dehradun Road, Roorkee – 247667, Uttarakhand, India Ø Union Bank of India,
4/ 14-A, Asaf Ali Road Branch, New Delhi – 110001, India Ø HDFC Bank
Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
H. S. Baweja and Company Chartered Accountants |
|
Address : |
K. C. Compound, Opposite Sophia Market, Court Road, Saharanpur –
247554, Uttar Pradesh, India |
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Tel. No.: |
91-132-2728851 |
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Mobile No.: |
91-9897448851 |
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E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AZSPM5582A |
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Sister Concern : |
· Food Engineering and Associates Address: Plot No. 6, Gurukul Industrial Area, Post Office Amarnagar,
Saraikhwaha Line of Business: Manufacturer and Exporter of Dairy Machines
Equipments and Food Processing Machines. |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,406,390 |
Equity Shares |
Rs. 10/- each |
Rs. 14.064
Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
896,390 |
Equity Shares |
Rs. 10/- each |
Rs. 8.964
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 |
8.964 |
7.684 |
7.643 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
35.610 |
16.362 |
12.744 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
44.574 |
24.046 |
20.387 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
94.867 |
35.162 |
56.647 |
|
|
2] Unsecured Loans |
13.533 |
13.375 |
9.499 |
|
|
TOTAL BORROWING |
108.400 |
48.537 |
66.146 |
|
|
DEFERRED TAX LIABILITIES |
0.688 |
0.732 |
0.764 |
|
|
Deferred Creditors |
67.154 |
67.153 |
18.654 |
|
|
|
|
|
|
|
|
TOTAL |
220.816 |
140.468 |
105.951 |
|
|
|
|
|
|
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|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
44.484 |
44.353 |
45.157 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.820 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
328.858
|
229.824
|
189.562
|
|
|
Sundry Debtors |
154.459
|
150.360
|
141.857
|
|
|
Cash & Bank Balances |
2.750
|
1.139
|
6.024
|
|
|
Other Current Assets |
11.612
|
0.000
|
0.000
|
|
|
Loans & Advances |
67.764
|
39.537
|
17.458
|
|
Total
Current Assets |
565.443
|
420.860
|
354.901
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
169.211
|
206.274
|
245.012
|
|
|
Other Current Liabilities |
218.477
|
116.942
|
47.623
|
|
|
Provisions |
2.243
|
1.529
|
1.472
|
|
Total
Current Liabilities |
389.931
|
324.745
|
294.107
|
|
|
Net Current Assets |
175.512
|
96.115
|
60.794
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
220.816 |
140.468 |
105.951 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
518.052 |
392.436 |
379.633 |
|
|
|
Other Income |
4.330 |
0.572 |
0.975 |
|
|
|
TOTAL (A) |
522.382 |
393.008 |
380.608 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material and Stores Consumed |
512.246 |
334.923 |
|
|
|
|
Purchase of Stock-in-trade |
9.969 |
6.261 |
|
|
|
|
Changes in inventories of Stock-in-trade |
(1.825) |
(5.074) |
|
|
|
|
Changes in inventories of WIP/ Finished Goods |
(109.430) |
(34.570) |
|
|
|
|
Employee benefit Expenses |
20.990 |
18.749 |
|
|
|
|
Other Expenses |
69.920 |
55.498 |
|
|
|
|
TOTAL (B) |
501.870 |
375.787 |
363.897 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
20.512 |
17.221 |
16.711 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.629 |
7.494 |
7.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.883 |
9.727 |
9.700 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.832 |
4.981 |
4.749 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.051 |
4.746 |
4.951 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.523 |
1.497 |
1.609 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.528 |
3.249 |
3.342 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
15.993 |
12.744 |
9.402 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
20.521 |
15.993 |
12.744 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.87 |
6.18 |
4.37 |
|
%20PRIVATE%20LIMITED%20-%20219835%2011-May-2013_files/image001.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
550.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs. 600.000 Millions
The above information has been parted by Mr. Vinod Chauhan [Accounts
Executive]
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.87
|
0.83 |
0.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.36
|
1.21 |
1.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.16
|
1.02 |
1.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.20 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.43
|
2.02 |
3.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45
|
1.30 |
1.21 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
0.915 |
|
From Others |
|
12.460 |
|
Total |
13.533 |
13.375 |
%20PRIVATE%20LIMITED%20-%20219835%2011-May-2013_files/image002.gif){kind=small}
Note:
The Registered office address of the company has been shifted from,
F-51, Vishwakarma Colony, Lal Kuan, M. B. Road, New Delhi-110044, India to the
present w.e.f.01.12.2011
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74210DL1999PTC101572 |
|
Name of the
company |
FOOD AND BIOTECH
ENGINEERS (INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.41, Flat No.C-2, Second Floor, Tajpur Road, Molarband
Extension, Near Cosmos School, (Badarpur), New Delhi – 110044, India Email: info@foodbiotech.co.in
|
|
This form is for |
Creation of charge |
|
Type of charge |
Others [Corporate Guarantee] |
|
Particular of
charge holder |
Dena Bank, 5/1,
Purvavali, Dehradun Road, Roorkee – 247667, Uttarakhand, India Email: roorke@denabank.co.in |
|
Nature of description
of the instrument creating or modifying the charge |
Corporate
guarantee by FOOD AND BIOTECH ENGINEERS (INDIA) PRIVATE LIMITED in favour of
Evapodry Manufacturing Company to secure our finance of cash credit limit
(hypo cum book-debts) of Rs.30.000 Millions.The firm is having its registered
office at Plot No.90, Shiv Ganga Industrial Area, Village Lakeshwari,
Roorkee-247667, District Haridwar (Uttrakhand) |
|
Date of
instrument Creating the charge |
08.01.2013 |
|
Amount secured by
the charge |
Rs.30.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate (10.45)
+2.80%=13.25% Based on Credit
Risk Rating: C (Very Good) * (Subject to
change as per RBI/HO guidelines from
time to time) Terms of Repayment As per terms and
condition's of sanction conveyed through letter RRKEE/Adv_Enh/A/2012 dated
24.12.2012. Margin 25% on Stock
& 50% on Book Debts(Book Debts not older than 180 days) Extent and Operation of the charge Corporate
guarantee by FOOD AND BIOTECH ENGINEERS (INDIA) PRIVATE LIMITED in favour of
M/s Evapodry Manufacturing Company to secure our finance of cash credit limit
( hypo cum book-debts) of Rs. 30.000 Millions The firm is having its
registered office at Plot No.90, Shiv Ganga Industrial Area, Village
Lakeshwari, Roorkee-247667, District Haridwar (Uttrakhand) |
|
Short particulars
of the property charged |
Corporate
guarantee by FOOD AND BIOTECH ENGINEERS (INDIA) PRIVATE LIMITED in favour of
Evapodry Manufacturing Company. To secure cash
credit limit (hypo cum book-debts) of Rs.30.000 Millions to Evapodry
Manufacturing Company from Dena Bank Roorkee. Registered office
of Evapodry Manufacturing Company is - Plot No.90, Shiv Ganga Industrial
Area, Village Lakeshwari, Roorkee-247667, District Haridwar (Uttrakhand) |
FIXED ASSETS:
· Air Conditioner
· Building
· Electrical Fitting
· Furniture and Fixtures
· Lab Equipment
· Land
· Office Equipment
· Fire Safety Equipment
· Plant and Machinery
· Tools and Equipment
· Vehicles
· Crane
· Submersible Pump
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. 54.54 |
|
|
1 |
Rs. 84.19 |
|
Euro |
1 |
Rs. 71.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.