MIRA INFORM REPORT
|
Report Date : |
28.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARANI AGRO OIL INDUSTRIES PRIVATE LIMITED (w.e.f. 01.08.2013) |
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Formerly Known
As : |
ARANI AGRO OIL INDUSTRIES LIMITED |
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Registered
Office : |
Unit Nos 306 & 307, 3rd Floor, Ashoka Capitol, Road No. 2, Banjara
Hills, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
09.10.1986 |
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Com. Reg. No.: |
006854 |
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Capital
Investment / Paid-up Capital : |
Rs. 1345.572 Millions |
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CIN No.: [Company Identification
No.] |
U15142TG1986PTC006854 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCA3601M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of refining of Palm
Oil. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 moderate track record. The rating is constrained on account of huge accumulated losses incurred by the company. However, trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution. Note:
On 2 June 2014, Telangana became the 29th state of |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: “A3” |
|
Rating Explanation |
Moderate degree of safety. It carry higher credit risk. |
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Date |
28.01.2014 |
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 DECLINED BY
|
Name : |
Mr. Srinivas |
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Designation : |
Marketing Executive |
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Contact No.: |
91-40-23549907 |
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Date : |
21.11.2014 |
LOCATIONS
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Registered Office : |
Unit Nos 306 & 307, 3rd Floor, Ashoka Capitol, Road No.
2, Banjara Hills, Hyderabad – 500034, Telangana, India |
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Tel. No.: |
91-40-23549907 |
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Fax No.: |
91-40-23549906 |
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E-Mail : |
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Factory : |
Near Old NFCL Park, ADB Road, Newport Area, Kakinada - 533003, Andhra Pradesh, India |
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Tel. No.: |
91-884-2341255 / 2341257 / 2341259 / 2369758 |
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Fax No.: |
91-884-2341256 |
DIRECTORS
As on 04.08.2014
|
Name : |
Mr. Hariharan Selvanathan |
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Designation : |
Director |
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Address : |
No.9, Nathan Road, #10-40-, Singapore 248730 |
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Date of Birth/Age : |
01.02.1949 |
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Date of Appointment : |
27.08.2012 |
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DIN No.: |
01372233 |
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Other Directorship :
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Name : |
Mr. Manoharan Selvanathan |
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Designation : |
Director |
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Address : |
No.9, Nathan Road, #10-40-, Singapore 248730 |
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Date of Birth/Age : |
19.02.1947 |
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Date of Appointment : |
27.08.2012 |
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DIN No.: |
01372232 |
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Other Directorship :
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Name : |
Palehenalage Chandana Priyankara Tissera |
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Designation : |
Director |
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Address : |
No.57, Swarnadisi Place, Koswana Nawala, 10107, Sri Lanka |
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Date of Birth/Age : |
13.04.1962 |
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Date of Appointment : |
27.08.2012 |
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DIN No.: |
03554102 |
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Other Directorship :
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Name : |
Mr. Jayaprakash Mathavani |
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Designation : |
Director |
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Address : |
2A-2-2 Nusa RHU Condominium, Jalan Medang, Bangsar Kualalumpur, 59100,
Malaysia |
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Date of Birth/Age : |
05.07.1966 |
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Date of Appointment : |
27.08.2012 |
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DIN No.: |
03556222 |
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Other Directorship :
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Name : |
Janaka Malmala Sudlrlkku Jayawickrama |
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Designation : |
Director |
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Address : |
No.30/17, Perera Gardens, Pelawatta Battaramulla, Sri Lanka – 10120 |
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Date of Birth/Age : |
10.11.1961 |
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Date of Appointment : |
27.08.2012 |
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DIN No.: |
03554091 |
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Other Directorship :
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Name : |
Mr. Subash Chandra Pandian Chelliah |
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Designation : |
Director |
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Address : |
No.28, Jalan Terasek 2, Bangsar Baru, Kuala Lumpur, Malaysia - 59100 |
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Date of Birth/Age : |
18.08.1948 |
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Date of Appointment : |
27.08.2012 |
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DIN No.: |
03555729 |
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Other Directorship :
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Name : |
Chaminda Shalike Karunasena |
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Designation : |
Director |
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Address : |
No. 153, 615, Sunset Wing, Elvltlgala Mw, Colombo, Sri Lanka - I00800 |
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Date of Birth/Age : |
13.11.1974 |
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Date of Appointment : |
27.08.2012 |
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DIN No.: |
05182251 |
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Other Directorship :
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Name : |
Tharumarajah Thillarajah |
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Designation : |
Director |
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Address : |
No.56. Jalan SS/15/6a Subang Jaya. Selangor - 47500, Malaysia |
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Date of Birth/Age : |
31.10.1946 |
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Date of Appointment : |
17.02.2012 |
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DIN No.: |
01670208 |
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Other Directorship :
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Name : |
Mohamed Mackie Thahir Hussain |
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Designation : |
Director |
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Address : |
No 23, Rest House Road, Kurunagala, Sri Lanka, 60000 |
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Date of Birth/Age : |
25.07.1971 |
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Date of Appointment : |
17.05.2013 |
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DIN No.: |
06562292 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Anil Dubba |
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Designation : |
Secretary |
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Address : |
1-3-183/39/20, Kawadiguda, Hyderabad – 50080, Telangana, India |
|
Date of Birth/Age : |
27.10.1988 |
|
Date of Appointment : |
14.06.2004 |
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PAN No.: |
BEEPD9957C |
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|
Name : |
Mr. Srinivas |
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Designation : |
Marketing Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 04.08.2014
|
Names of Shareholders |
No. of Shares |
|
Premium Nutrients Private Limited, Singapore |
134557221 |
|
Goodhope Asia Holdings Limited, Singapore |
1 |
|
Agro Asia Pacific Limited, Singapore |
1 |
|
Shalimar Devolopments SDN BHD, Malaysia |
1 |
|
Agro Harapan Lestari SDN BHD, Malaysia |
1 |
|
Premium Fats SDN BHD, Malaysia |
1 |
|
Premium Vegetable Oils SDN BHD, Malaysia |
1 |
|
Total |
134557227 |
As on 04.08.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of refining of Palm
Oil. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Standard Chartered Bank, 19, Rajaji Salai, Chennai - 600001, Tamilnadu, India · Indian Overseas Bank, Hyderabad Main Branch, Hyderabad - 500095, Andhra Pradesh, India · Syndicate Bank, Corporate Finance Branch, Punjagutta, Hyderabad - 500082, Andhra Pradesh, India · Bank of Maharashtra, 1-7-255,Chandralok Complex, M.G. Road, HYDERABAD - 500003, Andhra Pradesh, India · Punjab National Bank, Mid Corporate Branch, Sufi Chambers, Road No.1, Banjara Hills, Hyderabad - 500034, Andhra Pradesh, India
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Facilities : |
(Rs.
In Millions)
|
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Auditors : |
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|
Name : |
SRBC and Company LLP Chartered Accountants |
|
Address : |
Oval Office, 18, I Labs CentreHitech City, Madhapur, Hyderabad-500 081, Telangana, India |
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Tel. No.: |
91-40-67362000 |
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Fax No.: |
91-40-67362200 |
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PAN No.: |
ABSFS4151K |
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Ultimate Holding
Company : |
Goodhape Asia Holdings Limited, Singapore |
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Fellow Subsidiary
Companies : |
· Premium Vegetable Oils SDN Berhad · Premium Oils and Fats SDN Berhad · Agro Harapan Lestari Private Limited · AHL Business Solution Private Limited · P1' Agro Indomas · PT Agro Harapan Lestari |
CAPITAL STRUCTURE
As on 04.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 1500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
134,557,227 |
Equity Shares |
Rs.10/- each |
Rs. 1345.572 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1345.572 |
1345.572 |
800.000 |
|
(b) Reserves & Surplus |
(1005.188) |
(925.331) |
(615.604) |
|
(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) |
340.384 |
420.241 |
184.396 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
31.537 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.363 |
2.473 |
0.817 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2.363 |
2.473 |
32.354 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
560.025 |
791.256 |
528.366 |
|
(b) Trade
payables |
407.477 |
156.402 |
840.934 |
|
(c) Other
current liabilities |
31.978 |
43.579 |
43.011 |
|
(d) Short-term
provisions |
1.308 |
0.758 |
2.194 |
|
Total Current
Liabilities (4) |
1000.788 |
991.995 |
1414.505 |
|
|
|
|
|
|
TOTAL |
1343.535 |
1414.709 |
1631.255 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
726.167 |
780.170 |
822.008 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.919 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
2.500 |
2.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
35.952 |
24.312 |
15.281 |
|
(e) Other
Non-current assets |
4.862 |
3.828 |
29.895 |
|
Total Non-Current
Assets |
768.900 |
810.810 |
869.684 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
2.500 |
0.000 |
0.000 |
|
(b)
Inventories |
247.974 |
372.854 |
447.060 |
|
(c) Trade
receivables |
97.134 |
96.564 |
109.253 |
|
(d) Cash
and cash equivalents |
201.821 |
113.589 |
90.070 |
|
(e)
Short-term loans and advances |
18.116 |
14.317 |
90.632 |
|
(f) Other
current assets |
7.090 |
6.575 |
24.556 |
|
Total
Current Assets |
574.635 |
603.899 |
761.571 |
|
|
|
|
|
|
TOTAL |
1343.535 |
1414.709 |
1631.255 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
2603.427 |
|
|
|
Other Income |
|
|
62.497 |
|
|
|
TOTAL (A) |
|
|
2665.924 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
|
2578.358 |
|
|
|
Purchases of Stock-in-Trade |
|
|
82.491 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
|
48.087 |
|
|
|
Employees benefits expense |
|
|
41.868 |
|
|
|
Other expenses |
|
|
500.463 |
|
|
|
Prior Period Items |
|
|
249.643 |
|
|
|
TOTAL (B) |
|
|
3500.910 |
|
|
|
NA |
`NA |
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(834.986) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
165.693 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(1000.679) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
45.975 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
|
(1046.654) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
(50.949) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(53.373) |
(286.102) |
(995.705) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.40) |
(2.13) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
NA |
(38.25) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
(32.07) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
(64.26) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
(5.68) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.65 |
1.88 |
3.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.57 |
0.61 |
0.54 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
800.000 |
1345.572 |
1345.572 |
|
Reserves & Surplus |
(615.604) |
(925.331) |
(1005.188) |
|
Net worth |
184.396 |
420.241 |
340.384 |
|
|
|
|
|
|
long-term borrowings |
31.537 |
0.000 |
0.000 |
|
Short term borrowings |
528.366 |
791.256 |
560.025 |
|
Total borrowings |
559.903 |
791.256 |
560.025 |
|
Debt/Equity ratio |
3.036 |
1.883 |
1.645 |
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 one year |
Yes |
|
12] |
Profitability for
last three years |
Yes |
|
13] |
Reasons for
variation <> 20% |
----- |
|
14] |
Estimation for
coming financial year |
No |
|
15] |
Capital in the
business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import
details (if applicable) |
No |
|
21] |
Market
information |
-------- |
|
22] |
Litigations that
the firm / promoter involved in |
-------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility
details |
Yes |
|
25] |
Conduct of the
banking account |
-------- |
|
26] |
Buyer visit
details |
-------- |
|
27] |
Financials, if
provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
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 |
10359842 |
08/08/2014 * |
2,100,000,000.00 |
STANDARD CHARTERED BANK |
19,, RAJAJI SALAI, CHENNAI, TAMILNADU - 600001, INDIA |
C17530007 |
* Date of charge modification
CORPORATE INFORMATION
Subject (Formerly Arani Agro Oil Industries Limited) is engaged in the business of refining of Palm Oil in India. The Company has a manufacturing plant at Kakinada in the State of Andhra Pradesh.
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Other Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.97.69 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.