MIRA INFORM REPORT
|
Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
LION FOODS PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
“Krishna”, Street No.1,
Plot No.80, Teachers Colony, Near Bileshwar Mandir, Veraval – 362 266,
District Junagadh, Gujarat |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2010 |
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|
|
|
Date of
Incorporation : |
25.11.2008 |
|
|
|
|
Com. Reg. No.: |
04-055523 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15400GJ2008PTC055523 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturing and Exporter of Fruit Pulps (Mango Pulps). |
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|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 89000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Management has failed to file the financial statements of 2012 and
2013, whereas despite filling the statements of 2011, the same could not be
made available from the Government Department. Mr. Mehul H. Maru, the management director provided information and
confirmed that the company is performing well and has achieved a decent sales
turnover during 2013. However, the same could not be verified and has been
provided for your mere reference. As per available, the company has started its commercial activity as
on July 21, 2009 and in its first year of operations the management has
reported an acceptable profitability during the financial year end 2010. However, trade relations seems
to be fair. Business is active. Payment terms are unknown. In view of unavailability of the requisite information, the subject
can be considered for business dealings with great 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
NSIC “SE 2B” |
|
Rating Explanation |
Moderate financial strength and high performance capability. |
|
Date |
March 20, 2013 |
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.
Mehulbhai Hardasbhai Maru |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9909690999 |
|
Date : |
04.04.2014 |
LOCATIONS
|
Registered Office : |
“Krishna”, Street No.1,
Plot No.80, Teachers Colony, Near Bileshwar Mandir, Veraval – 362 266,
District Junagadh, Gujarat, India |
|
Tel. No.: |
91-2876-242199 |
|
Mobile No.: |
91-9909690999 (Mr. Mehul Maru) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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Location : |
Owned |
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|
|
|
Factory : |
Survey No.151/2/p and 151/2, Madhupur, Taluka-Talala,
District-Junagadh, Gujarat, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Hardas Parbat Maru |
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|
Designation : |
Director |
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|
Address : |
“Krishna”, Street No.1,
Plot No.80, Teachers Colony, Near Bileshwar Mandir, Veraval – 362 266,
District Junagadh, Gujarat, India |
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|
Date of Birth/Age : |
18.10.1946 |
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Date of Appointment : |
25.11.2008 |
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DIN No.: |
01446957 |
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Other Directorship:
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Name : |
Devsi Bhagvan Solanki |
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|
Designation : |
Director |
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|
Address : |
Krishna
Nivas, Jivan Jyot Scoiety, Near Gayatri Mandir, Veraval – 362 266, District
Junagadh, Gujarat, India |
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Date of Birth/Age : |
01.06.1968 |
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Date of Appointment : |
25.11.2008 |
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DIN No.: |
01290155 |
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Other Directorship:
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr.
Mehulbhai Hardasbhai Maru |
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|
Designation : |
Managing Director |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Hardas
Parbat Maru |
|
5000 |
|
Devsi
Bhagvan Solanki |
|
5000 |
|
Hardas
Parbat Maru |
|
13448 |
|
Mehulbhai
Hardasbhai Maru |
|
2896 |
|
Ramilaben
Hardasbhai Maru |
|
3448 |
|
Vaisaliben
M. Maru |
|
689 |
|
Bhagvanbhai
Bhimsibhai Solanki |
|
1379 |
|
Devsi
Bhagvan Solanki |
|
13448 |
|
Daxaben
Devshibhai Solanki |
|
1379 |
|
Bharatiben
N. Solanki |
|
3448 |
|
Gujarat
Agro Pack House Private Limited, India |
|
7586 |
|
Lion
Fruits and Vegetable Private Limited, India |
|
34482 |
|
Nexus
Software Limited, India |
|
68000 |
|
Total
|
|
160203 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
68.71 |
|
Directors
or relatives of directors |
|
31.29 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporter of Fruit Pulps (Mango Pulps). |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Others (Depend) |
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Purchasing : |
Others (Depend) |
GENERAL INFORMATION
|
Suppliers (As on 31.03.2010) : |
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Customers (As on 31.03.2010) : |
End Users ·
I.T.C. Limited, Sikbad ·
Guatam Dairy ·
Giriraj Timbers ·
Industrial Equipment Corporation ·
Jay Water Management Private Limited ·
Patel Gas Agency ·
Patel Timbers ·
Process Master ·
Rajkot Engineering ·
Real Engineering and Boiler Repairs ·
Rototek Pump |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
Notes: The above loans are secured
by first charge on immovable movable assets of the Company by way of EM on
land and building and hypothecation of movable fixed assets. Working Capital
loans are further secured by first charge on current assets both present and
future. |
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.B. Tanna and Company Chartered Accountants |
|
Address : |
Shivam, Near Bus-Station, Veraval – 362 266, Gujarat, India |
|
PAN No.: |
AAZPT6021H |
CAPITAL STRUCTURE
AS ON 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
160203 |
Equity Shares |
Rs.10/- each
|
Rs.1.602
millions |
|
|
|
|
|
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
21.780 |
20.860 |
|
|
3] Reserves & Surplus |
|
0.343 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
22.223 |
20.960 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
33.166 |
23.722 |
|
|
2] Unsecured Loans |
|
3.760 |
0.420 |
|
|
TOTAL BORROWING |
|
36.926 |
24.142 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
59.149 |
45.102 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
53.820 |
18.391 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
3.590 |
3.590 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
7.797 |
0.000 |
|
|
Sundry Debtors |
|
0.200 |
0.000 |
|
|
Cash & Bank Balances |
|
0.060 |
0.097 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
2.953 |
29.630 |
|
Total
Current Assets |
|
11.010 |
29.727 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
10.275 |
7.574 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
10.275 |
7.574 |
|
|
Net Current Assets |
|
0.735 |
22.153 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
1.004 |
0.968 |
|
|
|
|
|
|
|
|
TOTAL |
|
59.149 |
45.102 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
13.857 |
0.519 |
|
|
|
Other Income |
|
1.644 |
0.000 |
|
|
|
Closing Stock (As taken
valued & Certified by the Management) |
|
7.712 |
0.000 |
|
|
|
TOTAL (A) |
|
23.213 |
0.519 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase
of Fruits & Vegetables |
|
9.066 |
0.486 |
|
|
|
Packing
Material Expenses |
|
1.417 |
0.014 |
|
|
|
Manufacturing
& Other Direct Expenses |
|
1.003 |
0.012 |
|
|
|
Administrative,
Selling & Distribution Expenses |
|
0.108 |
0.007 |
|
|
|
Preliminary
Expenses w/off |
|
0.251 |
0.000 |
|
|
|
TOTAL (B) |
|
11.845 |
0.519 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
11.368 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES (D) |
|
3.662 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
7.706 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
7.363 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
0.343 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
0.343 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
34.30 |
0.00 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
80.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.150.000 millions
The above information has been parted by Mr. Mehul Maru.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
1.48 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
2.48 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.53 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.02 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
1.66 |
1.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.07 |
3.92 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2009 |
31.03.2010 |
|
|
|
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
|
0.100 |
0.100 |
|
Share
Application Money |
|
20.860 |
21.780 |
|
Reserves & Surplus |
|
0.000 |
0.343 |
|
Net worth |
|
20.960 |
22.223 |
|
|
|
|
|
|
Secured Loans |
|
23.722 |
33.166 |
|
Unsecured Loans |
|
0.420 |
3.760 |
|
Total borrowings |
|
24.142 |
36.926 |
|
Debt/Equity ratio |
|
1.152 |
1.662 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2009 |
31.03.2010 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
|
0.519 |
13.857 |
|
|
|
|
2,569.942 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2009 |
31.03.2010 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
|
0.519 |
13.857 |
|
Profit |
|
0.000 |
0.343 |
|
|
|
0.00% |
2.48% |
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 |
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 two 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 |
No |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
Yes |
|
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 |
No |
|
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 |
INDEX OF CHARGES:
|
S.No |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10316837 |
30/09/2011 |
81,100,000.00 |
PUNJAB NATIONAL BANK |
S.T. ROAD, VERAVAL,
GUJARAT - 362266, INDIA |
B24994790 |
|
2 |
10152545 |
23/04/2009 * |
45,000,000.00 |
AXIS BANK LIMITED |
SHOP NO.1,2,3, RAIJINAGAR
SHOPPING CENTRE, NEAR |
A61771051 |
* Date of charge modification
|
Unsecured Loans |
31.03.2010 (Rs.
in Millions) |
31.03.2009 (Rs.
in Millions) |
|
Jagmalbhai
A. Pithia |
0.500 |
0.000 |
|
Hajabhai
A. Pithia |
0.500 |
0.000 |
|
Lion
Packers |
0.560 |
0.000 |
|
Jentibhai
Bhagwanjibhai |
0.500 |
0.000 |
|
Khimjibhai
Arjanbhai Pithia |
0.500 |
0.000 |
|
Vithalbhai
Vasoya |
0.700 |
0.000 |
|
Kishorbhai
Kapuriya |
0.500 |
0.000 |
|
Lion
Fruits and Veg. Private Limited |
0.000 |
0.420 |
|
Total
|
3.760 |
0.420 |
FINANCIAL RESULTS:
The Company is in the
business of processing, preservation and packing of fruits and vegetables. The Company
is advised that no provision for Income Tax is required as the income of the
company is exempted Income-tax act under 1961.
OPERATION OF THE COMPANY:
The company has
successfully implemented its projects for manufacturing of aseptic mango and
other fruit pulps and processing of fruits and vegetables at Village Madhupur
(Gir) in Talala Taluka of Junagadh District. The company has successfully
started commercial production of aseptic mango pulps on 21.06.2009. During the
first year of its operation company achieved Turnover of Rs.13.857 millions.
This being first year, your company also started Jobwork of Mango Pulp for Agro
Division of ITC Limited. In the first year of operation your company able to
earn profit after tax of Rs.0.343 million. The company plans for aseptic pulp
of other fruits including Gauva, Pineapple, etc. The company also exploring the
possibilities for job work of other MNC and also for the export of its
products. The company is also considering the possibilities of adding fruits juices
line for additional avenue of its operation.
FIXED ASSETS:
·
Land
·
Factory
Building
·
Office
Building
·
Dead
Stock
·
Electrification
·
Furniture
and Fixture
·
Laboratory
Equipment
·
Plant
and Machinery
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 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.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.