MIRA INFORM REPORT

 

 

Report No. :

318385

Report Date :

24.04.2015

 

IDENTIFICATION DETAILS

 

Name :

NAMDHARI SEEDS PRIVATE LIMITED

 

 

Registered Office :

8, Sri Sai Arcade, 12th Cross, 1st Phase, Ideal Homes Township, Rajarajeshwari Nagar, Bangalore – 560098, Karnataka

Tel. No.:

91-80-28602167

 

 

Country :

India 

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

08.11.1985

 

 

Com. Reg. No.:

08-007270

 

 

Capital Investment / Paid-up Capital :

Rs. 232.650 Million

 

 

CIN No.:

[Company Identification No.]

U01119KA1985PTC007270

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BLRN00606E

 

 

PAN No.:

[Permanent Account No.]

AAACN6725E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The company is providing and processing in vegetable, flower and field crop seeds.

 

 

No. of Employees :

1000 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (55)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 4000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

The subject is a well –established company having fine track record.

 

The company has reported decent profitability during FY 2014.

 

The company possesses healthy net worth, adequate liquidity and sufficient debt-protection  measures.

 

The overall financial position of the compny seems to be sound.

 

Trade relations are fair. Business is active. Payments are reported to be regular and as per commitment.

 

The company can  be  considered for normal business dealings 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 – 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

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CRISIL

Rating

Long Term Rating : A-

Rating Explanation

Adequate degree of safety and low credit risk.

Date

July 2014

 

Rating Agency Name

CRISIL

Rating

Short Term Rating : A2+

Rating Explanation

Strong degree of safety and low credit risk.

Date

July 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 PARTED BY

 

Name :

Mr. Manoharan

Designation :

Finance Head

Contact No.:

91-9845381817

Date :

22.04.2015

 

 

LOCATIONS

 

Registered Office :

8, Sri Sai Arcade, 12th Cross, 1st Phase, Ideal Homes Township, Rajarajeshwari Nagar, Bangalore – 560098, Karnataka, India

Tel. No.:

91-80-28602167

Mobile No.:

91-9845381817 (Mr. Manoharan)

Fax No.:

Not Available

E-Mail :

info@namdhariseeds.com

Website :

http://www.namdhariseeds.com

 

 

Branches :

Located at :

 

  • Ludhiana, Punjab, India
  • Nashik, Maharashtra, India
  • Pune, Maharashtra, India
  • Ahmedabad, Gujarat, India
  • Hyderabad, Telangana, India

 

 

DIRECTORS

 

AS ON 15.12.2014

 

Name :

Uday Singh

Designation :

Chairman cum Managing Director

Address :

Namdhari Seeds, Bidadi Post, Bidadi, Bangalore – 562 109, Karnataka, India

Date of Birth/Age :

05.07.1958

Date of Appointment :

08.11.1985

PAN No.:

00032091

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U01119KA1985PTC007270

NAMDHARI SEEDS PRIVATE LIMITED

Managing director

08/11/1985

08/11/1985

-

Active

NO

2

U70101DL1999PLC099892

SJS HEALTHCARE LIMITED

Whole-time director

19/09/2001

19/09/2001

-

Active

NO

3

U00112KA2005PTC036674

NAMDHARI AGRO-FRESH PRIVATE LIMITED

Director

30/06/2005

30/06/2005

-

Active

NO

4

U01121KA2006PTC038469

NAMDHARI FARM FRESH PRIVATE LIMITED

Director

13/02/2006

13/02/2006

-

Amalgamated

NO

5

U01122KA2007PTC041514

NIKKO NAMDHARI FOODS PRIVATE LIMITED

Director

28/01/2007

28/01/2007

-

Active

NO

6

U15132KA2008PTC045521

ANGLO INDIAN FLOWER BREEDERS PRIVATE LIMITED

Director

06/03/2008

06/03/2008

-

Active

NO

7

U01120KA2010PTC052035

Namdhari Animal Genetics Private Limited

Director

01/01/2010

01/01/2010

01/02/2013

Active

NO

 

 

Name :

Gurshran Kaur

Designation :

Director

Address :

302, Ideal Homes, 10th Cross, RR Nagar, Bangalore – 560098, Karnataka, India

Date of Birth/Age :

05.04.1961

Date of Appointment :

15.12.2014

PAN No.:

02514924

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U00112KA2005PTC036674

NAMDHARI AGRO-FRESH PRIVATE LIMITED

Director

30/06/2005

30/06/2005

-

Active

NO

2

U01121KA2006PTC038469

NAMDHARI FARM FRESH PRIVATE LIMITED

Director

13/02/2006

13/02/2006

-

Amalgamated

NO

3

U01119KA1985PTC007270

NAMDHARI SEEDS PRIVATE LIMITED

Director

15/12/2014

27/03/2013

-

Active

NO

 

 

Name :

N Ananad

Designation :

WholeTime Director

Address :

B-3, 114, SFS 208, Yelahanka New Town, Bangalore – 560065, Karnataka, India

Date of Birth/Age :

04.05.1950

Date of Appointment :

01.07.2003

PAN No.:

00030162

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U01119KA1985PTC007270

NAMDHARI SEEDS PRIVATE LIMITED

Whole-time director

01/07/2003

01/07/2003

-

Active

NO

2

U15132KA2008PTC045521

ANGLO INDIAN FLOWER BREEDERS PRIVATE LIMITED

Director

06/03/2008

06/03/2008

-

Active

NO

3

U01120KA2010PTC052035

Namdhari Animal Genetics Private Limited

Director

01/01/2010

01/01/2010

01/02/2013

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Manoharan

Designation :

Finance Head

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 15.12.2014

 

Names of Shareholders

No. of Shares

Percentage of Holding

Uday Singh

745,250

64.07

Gursharan Kaur

408,000

35.07

Jai Singh Sandhu

10,000

0.86

 

 

 

Total

1163250

100.00

 

 

 

AS ON 15.12.2014

 

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 providing and processing in vegetable, flower and field crop seeds.

 

 

Products :

Not Available

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :
  • Vegetables
  • Seeds

Countries :
  • UK
  • Japan
  • Netherlands

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

1000 (Approximately)

 

 

Bankers :
  • Canara Bank, Bidadi, Bangalore, Karnataka, India
  • Corporation  Bank, Mission Road, Bangalore, Karnataka, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Rupee term loan from banks

397.223

4.373

SHORT TERM BORROWINGS

 

 

Rupee term loan from banks

602.852

606.620

 

 

 

Total

1000.075

610.993

 

 

 

Auditors :

 

Name :

B S R and Associates

Chartered Accountants

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Joint Ventures :

Anglo Indian Flower Breeders Private Limited

 

 

Associates :

PT Namdhari Seeds

Namdhari Malik Seeds

Namdhari Siam Seeds Company Limited

Namdhari  Seeds Bulgaria Limited

Sjs Healthcare Limited

 

 

Subsidiary :

Namdhari Agro-Fresh Private Limited

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :

Namdhari Animal Genetics Private Limited

 

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

1200000

Equity Shares

Rs. 200/- each

Rs. 240.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

1163250

Equity Shares

Rs. 200/- each

Rs. 232.650 Million

 

 

 

 

 

 

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

232.650

50.400

50.000

(b) Reserves & Surplus

1469.776

1278.913

1192.190

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

 0.000

131.200

0.000

Total Shareholders’ Funds (1) + (2)

1702.426

1460.513

1242.190

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

399.069

5.664

3.584

(b) Deferred tax liabilities (Net)

270.475

329.651

0.931

(c) Other long term liabilities

24.950

24.888

18.670

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

694.494

360.203

23.185

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

602.852

606.620

341.361

(b) Trade payables

0.000

0.000

246.053

(c) Other current liabilities

91.328

81.113

87.791

(d) Short-term provisions

4.882

5.155

4.096

Total Current Liabilities (4)

699.062

692.888

679.301

 

 

 

 

TOTAL

3095.982

2513.604

1944.676

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

266.811

270.046

214.409

(ii) Intangible Assets

0.552

0.788

0.000

(iii) Capital work-in-progress

227.140

24.924

2.274

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

448.709

370.960

455.782

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

704.584

587.953

321.994

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1647.796

1254.671

994.459

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

562.490

660.429

576.357

(c) Trade receivables

459.908

421.338

222.126

(d) Cash and cash equivalents

380.359

94.927

84.576

(e) Short-term loans and advances

28.311

75.601

54.772

(f) Other current assets

17.118

6.638

12.386

Total Current Assets

1448.186

1258.933

950.217

 

 

 

 

TOTAL

3095.982

2513.604

1944.676

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

2179.774

1930.712

1078.693

 

 

Other Income

58.487

31.948

15.396

 

 

TOTAL                                    

2238.261

1962.660

1094.089

 

 

 

 

 

EXPENSES

 

 

 

 

 

TOTAL                                    

2046.711

1878.631

975.991

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

230.753

124.338

143.800

 

 

 

 

 

DEPRECIATION/ AMORTISATION                    

39.202

40.308

25.774

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

191.551

84.030

118.026

 

 

 

 

 

TAX                                                                 

0.688

0.000

2.300

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

190.863

84.030

115.726

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

164.08

72.24

99.49

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

 

31.03.2013

31.03.2012

 

 

 

 

 

Net Profit Margin

PAT / Sales

(%)
8.76

4.35

10.73

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

7.91

3.97

7.94

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.11

0.06

0.10

 

 

 

 

 

Debt Equity Ratio

(Total Debts/Networth)

 

0.59

0.42

0.28

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.07

1.82

1.40

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Share Capital

50.000

50.400

232.650

Reserves & Surplus

1192.190

1278.913

1469.776

Share Application money pending allotment

0.000

131.200

0.000

Net worth

1242.190

1460.513

1702.426

 

 

 

 

long-term borrowings

3.584

5.664

399.069

Short term borrowings

341.361

606.620

602.852

Total borrowings

344.945

612.284

1001.921

Debt/Equity ratio

0.278

0.419

0.589

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Sales

1078.693

1930.712

2179.774

 

 

78.986

12.900

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Sales

1078.693

1930.712

2179.774

Profit

115.726

84.030

190.863

 

10.73%

4.35%

8.76%

 

 

 

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

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last three years

Yes

12]

Profitability for last 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

Yes

20]

Export / Import details (if applicable)

Yes

21]

Market information

-------

22]

Litigations that the firm / promoter involved in

-------

23]

Banking Details

Yes

24]

Banking facility details

Yes

25]

Conduct of the banking account

-------

26]

Buyer visit details

-------

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

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

10464786

11/03/2014 *

400,000,000.00

Axis Bank Ltd. (Security Agent for Dubai branch)

CORPORATE BANKING BRANCH, EXPRESS BUILDING, 2ND FLOOR, NO.1, QUEEN'S ROAD, BANGALORE, Karnataka - 560001, INDIA

C00857433

2

10434500

28/12/2012

698,000.00

State Bank of Travancore

Mahadeshwara Complex,opp- Kenchanakuppe,, Panchya 
th office,Jantha Colony, Bidadi,

 Karnataka - 562109,

INDIA

B68951433

3

10375842

10/09/2012

600,000.00

STASTE BANK OF TRAVANCORE

Mahadeshwara Complex,opp- Kenchanakuppe,, Panchyath office, Jantha Colony, Bidadi,

Karnataka - 562109,

INDIA

B57629289

4

10375673

19/07/2012

1,235,000.00

STASTE BANK OF TRAVANCORE

Mahadeshwara Complex,opp- Kenchanakuppe,, Panchyath office,Jantha Colony, Bidadi, Karnataka - 562109,

INDIA

B57618100

5

10464663

21/05/2012

700,000.00

STASTE BANK OF TRAVANCORE

Mahadeshwara Complex,opp- Kenchanakuppe, Panchyath office,Jantha Colony, Bidadi, Karnataka - 562109,

INDIA

B57629685

6

10434228

15/05/2012

485,000.00

STASTE BANK OF TRAVANCORE

Mahadeshwara Complex,opp- Kenchanakuppe,, Panchyath office,Jantha Colony, Bidadi, Karnataka - 562109,

INDIA

B57630584

7

10344599

02/03/2012

737,000.00

Canara Bank

Bidadi Branch, Bidadi,

Karnataka - 562109,

INDIA

B35851906

8

10290195

31/10/2014 *

260,000,000.00

Corporation Bank

Corporate Banking Branch, CSI Compound, 30 Mission Road, Bangalore,

Karnataka - 560027,

INDIA

C34138446

9

10252802

29/10/2010

950,000.00

CANARA BANK

BIDADI, BANGALORE,

 Karnataka - 562109,

INDIA

A99355141

10

10030474

20/05/2013 *

495,346,000.00

Canara Bank

NALLIGUDDA TANK ROAD, BIDADI, BANGALORE,

Karnataka - 562109,

INDIA

B77026466

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Other loans and  advances

1.846

1.291

 

 

 

Total

1.846

1.291

 

 

FIXED ASSETS

 

  • Land
  • Buildings
  • Factory Buildings
  • Plant and Equipments
  • Furniture and Fixture
  • Vehicles
  • Office Equipments
  • Computer Equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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. 63.19

UK Pound

1

Rs. 94.94

Euro

1

Rs.67.66

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

SUC

 

 

Report Prepared by :

JYO

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

7

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

6

--LEVERAGE

1~10

7

--RESERVES

1~10

6

--CREDIT LINES

1~10

7

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

55

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.