1. Summary Information
|
Country |
India |
||
|
Company Name |
SANDEEP ORGANICS PRIVATE LIMITED |
Principal Name 1 |
Mr. Sandeep Chanderdutt Agarwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Deepak Chanderdutt Agarwal |
|
Registration # |
11-150906 |
||
|
Street Address |
Flat No. 104, Nain Krupa Premises Co-Operative Society Limited,
118/112, Kazi Sayed Street, Masjid Bunder (West), Mumbai – 400003, Maharashtra,
India |
||
|
Established Date |
31.01.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-66313600 |
Business Style 1 |
Trading |
|
Fax # |
91-22-23450639 |
Business Style 2 |
wholesale |
|
Homepage |
Product Name 1 |
Chemicals Organic |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Chemicals Inorganic |
|
Paid up capital |
Rs. 5,700,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors -
100.00% |
Banking |
Standard
Chartered Bank |
|
Public Limited Corp. |
No |
Business Period |
12 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
182,018,000 |
Current Liabilities |
106,970,000 |
|
Inventories |
64,499,000 |
Long-term Liabilities |
87,272,000
|
|
Fixed Assets |
2,366,000 |
Other Liabilities |
397,000 |
|
Deferred Assets |
166,000 |
Total Liabilities |
194,639,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
48,710,000 |
|
|
|
Net Worth |
54,410,000 |
|
Total Assets |
249,049,000 |
Total Liab. & Equity |
249,049,000 |
|
Total Assets (Previous Year) |
239,018,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
1,079,803,000 |
Net Profit |
9,124,000 |
|
Sales(Previous yr) |
1,001,613,000 |
Net Profit(Prev.yr) |
8,850,000 |
MIRA INFORM REPORT
|
Report Date : |
14.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SANDEEP ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Flat No. 104, Nain Krupa Premises Co-Operative Society Limited,
118/112, Kazi Sayed Street, Masjid Bunder (West), Mumbai – 400003,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
31.01.2005 |
|
|
|
|
Com. Reg. No.: |
11-150906 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51496MH2005PTC150906 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS46122G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS7052F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in the business of trading, wholesale, retail, import, export, commission agent of chemicals organic and inorganic. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 218000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profitability of the company seems to be low during 2013. However,
general financial position of the company seems to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealing at usual trade
terms and conditions. |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services sector
activity witnessed a moderate improvement in November over the previous month,
even while indicating the fifth successive monthly contraction, according the
HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Sandeep Chanderdutt Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-22-66313600 |
|
Date : |
13.06.2014 |
LOCATIONS
|
Registered Office : |
Flat No. 104, Nain Krupa Premises Co-Operative Society Limited,
118/112, Kazi Sayed Street, Masjid Bunder (West), Mumbai – 400003,
Maharashtra, India |
|
Tel. No.: |
91-22-66313600 / 66313700 / 23423100 |
|
Fax No.: |
91-22-23450639 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Sandeep Chanderdutt Agarwal |
|
Designation : |
Director |
|
Address : |
A – 701, Eastern Court, |
|
Date of Birth/Age : |
05.07.1975 |
|
Date of Appointment : |
31.01.2005 |
|
PAN No.: |
ADFPA5612G |
|
DIN No.: |
00295794 |
|
|
|
|
Name : |
Mr. Deepak Chanderdutt Agarwal |
|
Designation : |
Director |
|
Address : |
A – 702, Eastern Court, |
|
Date of Birth/Age : |
30.09.1981 |
|
Date of Appointment : |
31.01.2005 |
|
PAN No.: |
ADNPA0348K |
|
DIN No.: |
00295829 |
|
Other Directorship : |
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sandeep C. Agarwal |
|
255000 |
|
Deepak C. Agarwal |
|
255000 |
|
Chanderdutt B. Agarwal |
|
50000 |
|
Subhashchandra B. Agarwal |
|
1000 |
|
Shakuntala C. Agarwal |
|
1000 |
|
Anita Subhash Agarwal |
|
1000 |
|
Anju Sandeep Agarwal |
|
1000 |
|
Ankit Subhash Agarwal |
|
1000 |
|
Chanderdutt B. Agarwal [HUF] |
|
1000 |
|
Subhashchandra B. Agarwal [HUF] |
|
1000 |
|
Sandeep C. Agarwal [HUF] |
|
1000 |
|
Manvika Deepak Agarwal |
|
1000 |
|
Deepak C. Agarwal [HUF] |
|
1000 |
|
Total |
|
570000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of trading, wholesale, retail, import, export, commission agent of chemicals organic and inorganic. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
Standard Chartered Bank, SME Credit, Crescenzo,
3A/F, Plot No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra (East),
Mumbai – 400051, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nilesh B. Gandhi and Company Chartered Accountants |
|
Address : |
13/302, Krishna Kunj Co-operative Housing Society, L T Nagar, Road No. 1, M G Road, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPG9087A |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
570000 |
Equity Shares |
Rs.10/- each |
Rs. 5.700
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.700 |
5.700 |
5.700 |
|
(b) Reserves & Surplus |
48.710 |
39.586 |
30.735 |
|
(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) |
54.410 |
45.286 |
36.435 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
80.515 |
83.613 |
76.462 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
80.515 |
83.613 |
76.462 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
6.757 |
18.395 |
17.505 |
|
(b) Trade
payables |
99.848 |
80.831 |
61.100 |
|
(c) Other
current liabilities |
7.122 |
10.475 |
10.636 |
|
(d) Short-term
provisions |
0.397 |
0.418 |
0.231 |
|
Total Current
Liabilities (4) |
114.124 |
110.119 |
89.472 |
|
|
|
|
|
|
TOTAL |
249.049 |
239.018 |
202.369 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2.366 |
2.461 |
2.456 |
|
(ii)
Intangible Assets |
0.000 |
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) |
0.166 |
0.110 |
0.070 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
20.415 |
6.587 |
6.044 |
|
Total Non-Current
Assets |
22.947 |
9.158 |
8.570 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
64.499 |
0.000 |
35.877 |
|
(c) Trade
receivables |
160.207 |
209.101 |
138.910 |
|
(d) Cash
and cash equivalents |
1.044 |
0.424 |
0.466 |
|
(e)
Short-term loans and advances |
0.106 |
6.972 |
9.366 |
|
(f) Other
current assets |
0.246 |
13.363 |
9.180 |
|
Total
Current Assets |
226.102 |
229.860 |
193.799 |
|
|
|
|
|
|
TOTAL |
249.049 |
239.018 |
202.369 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1079.803 |
1001.613 |
NA |
|
|
|
Other Income |
1.080 |
1.031 |
NA |
|
|
|
TOTAL |
1080.883 |
1002.644 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1066.529 |
988.673 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
14.354 |
13.971 |
15.801 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.707 |
0.645 |
(0.708) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
13.647 |
13.326 |
16.509 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.523 |
4.476 |
5.752 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
9.124 |
8.850 |
10.757 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
39.586 |
30.736 |
19.979 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
48.710 |
39.586 |
30.736 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.01 |
15.53 |
18.87 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.84
|
0.88 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.26
|
1.33 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.48 |
5.58 |
8.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.29 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.60 |
2.25 |
2.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.98 |
2.09 |
2.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
5.700 |
5.700 |
5.700 |
|
Reserves & Surplus |
30.735 |
39.586 |
48.710 |
|
Net
worth |
36.435 |
45.286 |
54.410 |
|
|
|
|
|
|
long-term borrowings |
76.462 |
83.613 |
80.515 |
|
Short term borrowings |
17.505 |
18.395 |
6.757 |
|
Total
borrowings |
93.967 |
102.008 |
87.272 |
|
Debt/Equity
ratio |
2.579 |
2.253 |
1.604 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1001.613 |
1079.803 |
|
|
|
7.806 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1001.613 |
1079.803 |
|
Profit |
8.850 |
9.124 |
|
|
0.88% |
0.84% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
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 |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
80030298 |
28/01/2012 * |
150,000,000.00 |
STANDARD
CHARTERED BANK |
SME CREDIT,
CRESCENZO, 3A/F, PLOT NO. C-38 & 39,
G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA -
400051, INDIA |
B32118390 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from others |
73.015 |
83.613 |
|
Other loans and advances, others |
7.500 |
0.000 |
|
Total |
80.515 |
83.613 |
CORPORATE INFORMATION
The Company is a private limited company incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the business of Trading, wholesale, retail, import, export, commission agent of chemicals organic and inorganic.
CHANGE OF ADDRESS
Registered office of the company has been
shifted from 263, Samuel Street, Vadgaoi, Mumbai – 400003, Maharashtra, India to the present address w.e.f 01.07.2011
CONTINGENT
LIABILITIES (AS ON 31.03.2013):
Contingent Liability related to letter of credit facility as on March 31, 2013 is Rs. 106.207 Millions (Rs. 65.903 Millions).
FIXED ASSETS
v
Tangible
Assets
·
Motor car
· Furniture and Fixtures
· Computers
· Wireless Router
· Electrical Equipment
· Printer
· Air Conditioner
· Office Equipments
· Security Alarm System
· Piloter Machine
· Mobile Phones
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.48 |
|
|
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.