MIRA
INFORM REPORT
|
Report Date : |
22.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPER AGRISEEDS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, Akash Ganga, H. No. 8-3-1503, Plot No. 144, Srinagar Colony, Hyderabad – 500073, Telangana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.06.2013 |
|
|
|
|
Date of
Incorporation : |
06.10.2003 |
|
|
|
|
Com. Reg. No.: |
01-041810 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 554.911 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01119TG2003PTC041810 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCB1182A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in production, processing and Marketing of hybrid
and open pollinated seeds of various vegetables, field crops and cotton. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2270000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was originally started as a partnership concern in 1988. Latest
it got converted into private limited company. It is an established company
having moderate track. Management has reported stretched operating cycle with extended
collection period resulting into high reliance on working capital borrowings. However, trade relations are fair. Business is active. Payments terms
are reported as slow but correct. In View of significant fund infusion by the private equity fund
resulting in improved capital structure, 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
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 |
CARE |
|
Rating |
Long Term Bank Facilities = BB+ |
|
Rating Explanation |
Moderate risk of default regarding timely servicing
of financial obligations. |
|
Date |
March 28, 2014 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
March 28, 2014 |
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
31-03-2014.
INFORMATION DENIED
|
Name : |
Ms. Saumya |
|
Designation : |
Manager |
|
Contact No.: |
91-9849491347 |
|
Date : |
19.12.2014 |
LOCATIONS
|
Registered Office : |
5th Floor, Akash Ganga, H. No. 8-3-1503, Plot No. 144,
Srinagar Colony, Hyderabad – 500073, Telangana, India |
|
Tel. No.: |
91-40-42024739/23739822 |
|
Mobile No.: |
91-9849491347 |
|
Fax No.: |
91-40-40149518 |
|
E-Mail : |
|
|
|
|
|
Seed Processing
Unit: |
S-No. 1, |
DIRECTORS
As on: 31.01.2014
|
Name : |
Mr. |
|
Designation : |
Managing director |
|
Address : |
102 – Aakash Ganga Partments, H. No. 8-2-287/11/5/A, Road No. 14, Banjara
Hills, Hyderabad – 500034, Telangana, India |
|
Date of Appointment : |
12.07.2007 |
|
DIN No.: |
00273345 |
|
|
|
|
Name : |
Mrs. Geeta Sunkarapalli Srinivas |
|
Designation : |
Director |
|
Address : |
102 – Aakash Ganga Partments, H. No. 8-2-287/11/5/A, Road No. 14,
Banjara Hills, Hyderabad – 500034, Telangana, India |
|
Date of Appointment : |
06.10.2011 |
|
DIN No.: |
00274179 |
|
|
|
|
Name : |
Mr. Rajesh Kumar Srivastava |
|
Designation : |
Nominee director |
|
Address : |
S – 376, Ground Floor, Panchshila Park, New Delhi – 110017, India |
|
Date of Appointment : |
30.03.2012 |
|
DIN No.: |
00302223 |
|
|
|
|
Name : |
Mr. Jujjavarapu Achyuta Rama Rao |
|
Designation : |
Director |
|
Address : |
8-2-120/110/1/5, Flat No. 201, Vijaya Residensy, Road No. 14, Banjara
Hills, Hyderabad – 500034, Telangana, India |
|
Date of Appointment : |
07.10.2011 |
|
DIN No.: |
00614443 |
|
|
|
|
Name : |
Mr. Vijaybhaskar Yenamandala |
|
Designation : |
Director |
|
Address : |
Flat No. C Prajawal Bhasgirath, No.23, Bagirathi Ammal Street, T.
Nagar, Chennai – 600017, Tamila Nadu, India |
|
Date of Appointment : |
07.10.2011 |
|
DIN No.: |
01929504 |
|
|
|
|
Name : |
Mr. Prabhu Chendurpandian |
|
Designation : |
Nominee director |
|
Address : |
B – 1, Kakateeya Apartments, Plot No. 86, Patparganj, Ip Extension,
New Delhi – 110092, India |
|
Date of Appointment : |
30.03.2012 |
|
DIN No.: |
02179583 |
KEY EXECUTIVES
|
Name : |
Ms. Saumya |
|
Designation : |
Manager |
|
|
|
|
Name : |
Mrs. Shruti Gupta |
|
Designation : |
Secretary |
|
Address : |
4-1-10, Shri Nivas Mahavir, Residency, Flat No. 302, Tilak Road,
Ramkote, Hyderabad - 500001,
Telangana, India |
|
Date of Appointment : |
28.12.2012 |
|
PAN: |
BFFPG5859E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.01.3014
|
Names of Shareholders (Equity) |
|
No. of Shares |
|
Sankarpally Ravi Srinivas |
|
3065338 |
|
Eterna Life Sciences Private Limited, India |
|
1596540 |
|
S. Geeta Kumari |
|
193210 |
|
India Agri Business Private Limited, India |
|
249125 |
|
Real Trust |
|
875 |
|
Bhuplam Ramesh Laya |
|
386000 |
|
Total |
|
5491088 |
|
Names of Shareholders (Preference ) |
|
No. of Shares |
|
India Agri Business Private Limited, Inda |
|
19930000 |
|
Real Trust, India |
|
70000 |
|
Total |
|
20000000 |
As on; 31.12.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
4.54 |
|
Bodies corporate |
29.08 |
|
Directors or relatives of Directors |
59.34 |
|
Other top fifty shareholders |
7.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in production, processing and Marketing of hybrid and
open pollinated seeds of various vegetables, field crops and cotton. Subject
is engaged in production, processing and Marketing of hybrid and open
pollinated seeds of various vegetables, field crops and cotton. |
|
|
|
|
Products : |
- |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Applicable |
|
|
|
|
Imports : |
Not Applicable |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Kotak Mahindra Bank Limited, 36-38a, Nariman Bhavan, 227,D, Nariman Point,, Mumbai - 400021, Maharashtra, India · Axis Bank Limited, 8-2-293/82/J111/19, Plot No. 71, Jubilee Hills, Hyderabad - 500034, Telangana, India · State Bank Of India, Agri Commercial Branch, Opposite Old MLA Quarters, H No 3-6-281/B, 1st Floor, Hyderguda, Hyderabad - 500029, Telangana, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
SRBC And Company LLP Chartered Accountant |
|
Address : |
Oval Office, 18 Ilabs Centre, Hitech City, Madhapur, Hyderabad - 500081, Telengana, India. |
|
PAN No.: |
ACHFS9117R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
|
|
|
|
Sister Concern: |
Eterna Life Sciences Private Limited |
CAPITAL STRUCTURE
As on: 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Millions |
|
20000000 |
Preference Shares |
Rs.25/- each |
Rs. 500.000 Millions |
|
|
Total |
|
Rs.560.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5491088 |
Equity Shares |
Rs.10/- each |
Rs.54.911
Millions |
|
20000000 |
Preference Shares |
Rs.25/- each |
Rs. 500.000
Millions |
|
|
Total |
|
Rs.554.911 Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.06.2013 (15th Months) |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
554.911 |
304.911 |
50.000 |
|
(b) Reserves & Surplus |
239.238 |
138.727 |
60.049 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
794.149 |
443.638 |
110.049 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.762 |
17.637 |
27.812 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
6.269 |
5.055 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
11.692 |
|
(d) long-term provisions |
1.844 |
1.628 |
0.547 |
|
Total Non-current Liabilities (3) |
12.606 |
25.534 |
45.106 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
252.815 |
202.442 |
138.801 |
|
(b) Trade payables |
551.963 |
99.971 |
109.281 |
|
(c) Other current
liabilities |
66.065 |
107.005 |
145.122 |
|
(d) Short-term provisions |
0.811 |
23.037 |
7.085 |
|
Total Current Liabilities (4) |
871.654 |
432.455 |
400.289 |
|
|
|
|
|
|
TOTAL |
1678.409 |
901.627 |
555.444 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
141.762 |
81.576 |
80.833 |
|
(ii) Intangible Assets |
0.446 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.728 |
3.904 |
1.250 |
|
(e) Other Non-current assets |
4.739 |
0.570 |
0.000 |
|
Total Non-Current Assets |
154.675 |
86.050 |
82.083 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
708.285 |
295.825 |
203.198 |
|
(c) Trade receivables |
759.664 |
283.402 |
233.502 |
|
(d) Cash and cash
equivalents |
1.147 |
195.937 |
1.033 |
|
(e) Short-term loans and
advances |
54.638 |
40.413 |
35.628 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1523.734 |
815.577 |
473.361 |
|
|
|
|
|
|
TOTAL |
1678.409 |
901.627 |
555.444 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.06.2013 (15th Months) |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
1196.548 |
548.112 |
552.384 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Prior Period Item |
58.651 |
0.423 |
0.000 |
|
|
|
Other total Expenses |
929.724 |
423.564 |
479.546 |
|
|
|
TOTAL EXPENSES
(B) |
988.375 |
423.987 |
479.546 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
208.173 |
124.125 |
72.838 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
43.838 |
35.606 |
18.839 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
164.335 |
88.519 |
53.999 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.718 |
4.274 |
3.773 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
157.617 |
84.245 |
50.226 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
57.057 |
12.934 |
8.960 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
100.560 |
71.311 |
41.266 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
100.560 |
71.311 |
41.266 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.31 |
12.99 |
8.25 |
|
KEY RATIOS
|
PARTICULARS |
|
30.06.2013 (15th Months) |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.39 |
9.34 |
9.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.19 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.33 |
0.50 |
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75 |
1.89 |
1.18 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
30.06.2013 (15th
Months) |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
50.000 |
304.911 |
554.911 |
|
Reserves & Surplus |
60.049 |
138.727 |
239.238 |
|
Net worth |
110.049 |
443.638 |
794.149 |
|
|
|
|
|
|
long-term borrowings |
27.812 |
17.637 |
10.762 |
|
Short term borrowings |
138.801 |
202.442 |
252.815 |
|
Total borrowings |
166.613 |
220.079 |
263.577 |
|
Debt/Equity ratio |
1.514 |
0.496 |
0.332 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
30.06.2013 (15th
Months) |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
552.384 |
548.112 |
1196.548 |
|
|
|
-0.773 |
118.304 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
30.06.2013 (15th
Months) |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
552.384 |
548.112 |
1196.548 |
|
Profit |
41.266 |
71.311 |
100.560 |
|
|
7.47% |
13.01% |
8.40% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
No |
|
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 |
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 |
UNSECURED LOAN
|
Particular |
As
on 30.06.2013 (15th
Months) (Rs.
In Millions) |
As
on 31.03.2012 (Rs.
In Millions) |
|
Long Term
Borrowing |
|
|
|
Rupee term loans from banks |
0.000 |
0.814 |
|
Short Term
Borrowing |
|
|
|
Rupee term loans from banks |
0.000 |
3.358 |
|
Total |
0.000 |
4.172 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10306377 |
10/01/2014 * |
388,000,000.00 |
State Bank ff India |
Agri Commercial Branch, Opposite Old MLA Quarters, H No 3-6-281/B, 1st Floor, Hyderguda, Hyderabad - 500029, Telangana -, India |
B96216106 |
* Date of charge modification
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Computer software
PRESS RELEASE:
IABF INVESTS RS. 500.000 MILLIONS IN SUPER AGRI SEEDS
Hyderabad, March 30:
India Agri Business Fund (IABF) has invested Rs. 500.000 Millions in Super Agri Seeds Private Limited, the seed firm with a focus on paddy, cotton, maize, sunflower, bajra and vegetable crops.
Super Agri Seeds will spend the funds on developing a laboratory to carry out research and development in the mandated crops. The company registered a turnover of Rs. 750.000 Millions.
Addressing a press conference here on Friday to announce the deal, Mr Ravi Srinivas, Managing Director of Super Agri Seeds, said that the four major focus crops contribute in the range of 20-22 per cent. The company was negotiating with two big European research organizations for collaboration in research.
The company was targeting to achieve a market share of 3-4 per cent in the Rs. 80000.000 Millions seed industry in the country.
Mr Ravi Srinivas and family held a share of over 50 per cent, while friends had 5 per cent and previous promoters 7 per cent in Super Agri Seeds.
Mr. Rajesh Srivastava, Chairman and Managing Director of Rabo Equity Advisors, said the fund typically invested 15-30 percent in equity in companies that attained a growth phase. Though the fund invested in eight firms in agri sector so far, this is their first investment in a seed firm.
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.63.07 |
|
|
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.77.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
|
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
33 |
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.