MIRA INFORM REPORT
|
Report No. : |
314899 |
|
Report Date : |
04.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ADM AGRO INDUSTRIES INDIA PRIVATE LIMITED |
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Registered
Office : |
807, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
30.04.2009 |
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Com. Reg. No.: |
55-189874 |
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Capital Investment
/ Paid-up Capital : |
Rs. 398.896 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U01403DL2009PTC189874 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAHCA6963E |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing, Extraction, Trading and Refining
of Edible Oils from Oil Seeds and Trading of Certain Agricultural and
Imported Products. |
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|
|
No. of Employees
: |
Not Available |
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 4880000 |
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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 company’s moderate financial
risk profile and losses that company has incurred from its operational
activities. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
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.
LOCATIONS
|
Registered Office : |
807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi –
110001, India |
|
Tel. No.: |
91-124-4937847 /
4937800 |
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Fax No.: |
91-124-4937889 |
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E-Mail : |
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Website : |
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Corporate Office / Factory : |
Vatika Business Park, Block 2, 6th Floor Gurgaon, Sohna Expressway,
Sector 49, Gurgaon - 122002, Haryana India |
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Tel. No.: |
+91-124-4937800 |
|
Fax No.: |
+91-124-4937889 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ashwin Ramanlal Patel |
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Designation : |
Director |
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Address : |
A 55, Vasant Marg, First Floor, Vasant Vihar, Delhi - 110057, India |
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Date of Birth/Age : |
11.09.1968 |
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Qualification : |
Mechanical Engineer |
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Experience : |
23 Years |
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Date of Appointment : |
29.07.2011 |
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DIN No.: |
03581138 |
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Name : |
Mr. Rajesh Kumar Khare |
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Designation : |
Whole Time Director |
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Address : |
Flat No. 502, Block A, Park View City 1, Sohna Road, Gurgaon – 122001,
Haryana, India |
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Date of Birth/Age : |
01.11.1966 |
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Date of Appointment : |
14.02.2014 |
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DIN No.: |
06813926 |
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Name : |
Mr. Martin Kropp |
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Designation : |
Managing Director |
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Address : |
C – 65, Third Floor, Anand Niketan, New Delhi - 110021, India |
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Qualification : |
PHD in Agricultural Economics |
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Experience : |
19 Years |
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Date of Birth/Age : |
04.04.1965 |
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Date of Appointment : |
01.01.2014 |
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PAN No.: |
DKYPK7385B |
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DIN No.: |
02158482 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Som Prakash Bathla |
|
Designation : |
Secretary |
|
Address : |
G – 127, Greenwood City Near Sector – 40, Community Centre, Gugaon –
122001, Haryana, India |
|
Date of Birth/Age : |
06.10.1975 |
|
Date of Appointment : |
12.05.2010 |
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PAN No.: |
AGMPB7352e |
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|
|
|
Name : |
Ange Steeve Kouassi |
|
Designation : |
Technical Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
ADM Interoceanic Limited, Mauritius |
51849990 |
99.78 |
|
ADM Concentrated Toco Limited, Mauritius |
58292 |
0.11 |
|
ADM China Corn Holdings Limited, Mauritius |
58365 |
0.11 |
|
Total |
51966647 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Extraction, Trading and Refining
of Edible Oils from Oil Seeds and Trading of Certain Agricultural and
Imported Products. |
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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 : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House Senapati
Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Suresh Surana and Associates LLP Chartered Accountants |
|
Address : |
310, Ahura Centre, 82, Mahakali Caves Road,
Andheri (East),Mumbai-400093, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACLFS1562L |
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Holding Company : |
ADM Interoceanic Limited, Mauritius |
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Ultimate Holding
Company : |
Archer Daniels Midland Company, USA |
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Wholly owned
Subsidiary Company : |
ADM Agro Industries Kota and Akola Private
Limited (CIN No.: U15493DL1991PTC205408) |
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|
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Subsidiary of Ultimate
Holding Company (with whom the transactions have taken place during the
current year) : |
·
ADM Cocoa BV, Netherlands. ADM Cocoa Sifca, Ivory Cost ADM Cocoa Unicao SA, Ivory Cost ADM International Sarl, Switzerland ADM Investor Services International Limited, England ADMISI Forex India Private Limited (CIN No.: U67190MH2012PTC228875) ADMISI Commodities Private Limited (CIN No.: U74140MH2006PTC163998) ADM Cocoa Pte Limited, Singapore ADM Illichivsk PJCC, Ukraine ADM Australia Pty Limited, Australia |
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|
|
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Fellow
Subsidiaries (with whom the transactions have taken place during the current
year) : |
·
ADM Agro Industries Latur and Vizag Private
Limited (CIN No.: U15143DL1991PTC083071) ADM Agro Industries Dharwad Private Limited (CIN No.: U74999DL2004PTC124262) |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 650.000 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51,966,647 |
Equity Shares |
Rs. 10/- each |
Rs. 519.666 Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 650.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
39,889,647 |
Equity Shares |
Rs. 10/- each |
Rs. 398.896 Million |
|
|
|
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|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
398.896 |
398.896 |
398.896 |
|
(b) Reserves & Surplus |
1309.522 |
2231.553 |
2739.363 |
|
(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) |
1708.418 |
2630.449 |
3138.259 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
19.355 |
15.652 |
4.862 |
|
Total Non-current
Liabilities (3) |
19.355 |
15.652 |
4.862 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2813.658 |
2497.560 |
3579.126 |
|
(b)
Trade payables |
615.836 |
2431.930 |
897.453 |
|
(c)
Other current liabilities |
87.803 |
86.558 |
113.73 |
|
(d) Short-term
provisions |
1.305 |
0.782 |
4.044 |
|
Total Current
Liabilities (4) |
3518.602 |
5016.830 |
4594.353 |
|
|
|
|
|
|
TOTAL |
5246.375 |
7662.931 |
7737.474 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
319.007 |
207.369 |
229.742 |
|
(ii)
Intangible Assets |
88.266 |
100.962 |
113.821 |
|
(iii)
Capital work-in-progress |
13.319 |
126.637 |
2.177 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1628.106 |
1628.106 |
1628.106 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
89.033 |
75.541 |
27.013 |
|
(e) Other
Non-current assets |
0.341 |
0.458 |
0.358 |
|
Total Non-Current
Assets |
2138.072 |
2139.073 |
2001.217 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1550.242 |
1737.077 |
1309.422 |
|
(c)
Trade receivables |
540.539 |
252.735 |
373.648 |
|
(d) Cash
and cash equivalents |
283.450 |
1946.96 |
2262.592 |
|
(e)
Short-term loans and advances |
634.271 |
1517.804 |
1630.477 |
|
(f)
Other current assets |
99.801 |
69.282 |
160.118 |
|
Total
Current Assets |
3108.303 |
5523.858 |
5736.257 |
|
|
|
|
|
|
TOTAL |
5246.375 |
7662.931 |
7737.474 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
11180.754 |
10180.898 |
5061.084 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
12063.567 |
10660.801 |
5731.538 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(882.813) |
(479.903) |
(670.454) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
39.218 |
27.907 |
22.740 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(922.031) |
(507.810) |
(693.194) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(922.031) |
(507.810) |
(9693.194) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(1357.615) |
(849.805) |
(156.611) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(2279.645) |
(1357.615) |
(849.805) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods (on F.O.B value) |
789.168 |
23.272 |
273.879 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
NA |
7.272 |
3.767 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(23.11) |
(12.73) |
(17.38) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(25.58) |
(8.60) |
(11.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.54) |
(0.19) |
(0.22) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.65 |
0.95 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88 |
1.10 |
1.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
398.896 |
398.896 |
398.896 |
|
Reserves & Surplus |
2739.363 |
2231.553 |
1309.522 |
|
Net
worth |
3138.259 |
2630.449 |
1708.418 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
3579.126 |
2497.560 |
2813.658 |
|
Total
borrowings |
3579.126 |
2497.560 |
2813.658 |
|
Debt/Equity
ratio |
1.140 |
0.949 |
1.647 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
5061.084 |
10180.898 |
11180.754 |
|
|
|
101.160 |
9.821 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
5061.084 |
10180.898 |
11180.754 |
|
Profit |
(693.194) |
(507.810) |
(922.031) |
|
|
(13.70%) |
(4.99%) |
(8.25%) |
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 |
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 |
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 |
10349181 |
22/03/2012 |
100,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B37404381 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans Repayable on Demand from Bank |
2813.658 * |
2497.560 |
|
|
|
|
|
Total |
2813.658 |
2497.56 |
|
NOTES: * It Includes: 1. Overdraft from Banks (Interest Rate
@ 9.45% p.a. to 10.00% p.a. 2. The Buyer's Credit loan is repayable on demand
and carries interest @ LIBOR plus spread 0.40% p.a.to LIBOR plus spread 0.60
% p.a 3. Packing Credit Loan (Interest Rate @ 10.00%p.a. |
||
CORPORATE
INFORMATION:
The Company was incorporated on April 30, 2009 under the provisions of
the Companies Act, 1956. The Company is primarily engaged in the business of
Manufacturing/ Extraction/ Trading/ Refining/ Processing and Packaging of
edible oils and other agro based products.
SHIFTING OF
REGISTERED OFFCIE OF THE COMPANY:
During the period under review, Registered Office of the Company has
shifted from B-1, Defence Colony, New Delhi - 110024 to 807, New Delhi House, Barakhamba
Road, Connaught Place, New Delhi -110001, India to the present address.
CONTINGENT
LIABILITIES (AS ON 31.03.2014)*
Claim against the Company not acknowledged as debt Rs. 0.647 Million
* On the basis of the current status of the individual case and as per legal advice obtained by the Company, wherever applicable, the Company is confident of winning the above cases and is of view that no further provision is required in respect of these cases.
FIXED ASSETS:
Tangible Assets
· Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Other
EQUIPMENT
Tangible
Assets
· Goodwill
Computer
Software
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. 62.59 |
|
|
1 |
Rs. 92.46 |
|
Euro |
1 |
Rs. 67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
-- |
|
--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 |
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 |
|
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.