MIRA INFORM REPORT
|
Report No. : |
319166 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL FARM FRESH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
20-3-5/H3, Shiva Jyothi Nagar, Tirupati-517501, Andhra Pradesh |
|
Tel. No.: |
91-877-2282877 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.12.2010 |
|
|
|
|
Com. Reg. No.: |
01-071881 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 60.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15132AP2010PTC071881 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDG10045A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECG0624R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Mango pulp, papaya, tomato, pineapple
juices |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 180000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company with limited operational history having moderate
track. Management has filed form 20B for FY14, whereas failed to file any
other documents for the same year, with the statutory authorities. As per available, the company possesses a moderate financial profile
marked by modest networth base comprising of low reserves, leveraged capital
structure and seasonal availability of raw material resulting into working
capital intensive operations. Management has objectively witnessed a better increase in its sales
revenue as well as net profitability, whereas in subjective terms it is quiet
low during FY13. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of lack of latest financials, amid experienced promoters, the
company can be considered for business dealings with caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
CARE |
|
Rating |
Long Term Rating “B+” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
March 16, 2015 |
|
|
|
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating “A4” |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
March 16, 2015 |
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. Venkat Subbaiah |
|
Designation : |
General Manager Finance |
|
Contact No.: |
91-8008804180 |
|
Date : |
25.04.2015 |
LOCATIONS
|
Registered Office : |
20-3-5/H3, Shiva Jyothi Nagar, Tirupati-517501, Andhra Pradesh, India |
|
Tel. No.: |
91-877-2282877 |
|
Mobile No.: |
91-8008804180 (Mr. Venkat Subbaiah) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
15 Acre |
|
Location : |
Owned |
|
|
|
|
Factory : |
Sujatha Nagar, Konnereddy Kandega Village, District Chittoor, Andhra
Pradesh, India |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Vallivedu Umapathi |
|
Designation : |
Managing Director |
|
Address : |
20-3-5/H3, Shiva Jyothinagar, Tirupati-517501, Andhra Pradesh, India |
|
Date of Birth/Age : |
05.01.1961 |
|
Date of Appointment : |
27.12.2010 |
|
PAN No.: |
AAFPU2908L |
|
DIN No.: |
02323428 |
|
|
|
|
Name : |
Mr. Chigarapalli Srinivas Kaushik |
|
Designation : |
Director |
|
Address : |
No.196, 7th Cross, Indira Nagar 1st Stage, Bangalore - 560038, Karnataka, India |
|
Date of Birth/Age : |
04.06.1988 |
|
Date of Appointment : |
27.12.2010 |
|
PAN No.: |
AXGPK9694M |
|
DIN No.: |
03247413 |
|
|
|
|
Name : |
Mr. Chigarapalli Sukesh Kumar Reddy |
|
Designation : |
Director |
|
Address : |
332, Mithila Nagar CLY, RNO 12, Banjara Hills, Hyderabad - 500034, Telangana, India |
|
Date of Birth/Age : |
18.09.1963 |
|
Date of Appointment : |
21.03.2012 |
|
PAN No.: |
ACCPC1270G |
|
DIN No.: |
03341009 |
|
|
|
|
Name : |
Mr. Chigarapalli Premachandar Reddy |
|
Designation : |
Director |
|
Address : |
196, 7th Cross, Indiranagar I st Stage, Bangalore-560038, Karnataka, India |
|
Date of Birth/Age : |
10.07.1961 |
|
Date of Appointment : |
21.03.2012 |
|
PAN No.: |
AAQPR5213C |
|
DIN No.: |
03344018 |
|
|
|
|
Name : |
Mr. Ramesh Naidu Bejawada |
|
Designation : |
Director |
|
Address : |
House No. 4-39, 12th Cross,, Sri Krishna Nagar, M R Palli, Thirupathi-517001, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.06.1978 |
|
Date of Appointment : |
21.03.2012 |
|
PAN No.: |
AMMPR0250P |
|
DIN No.: |
06390738 |
|
|
|
|
Name : |
Mr. Nishar Ahmed Cheena Meena |
|
Designation : |
Additional Director |
|
Address : |
IV-29-2, Indra Nagar, Madanapalle, Chittoor District - 517325, Andhra Pradesh, India |
|
Date of Appointment : |
27.03.2015 |
|
DIN No.: |
07114936 |
KEY EXECUTIVES
|
Name : |
Mr. Venkat Subbaiah |
|
Designation : |
General Manager Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
C. Sukesh Kumar Reddy |
|
1290600 |
|
C. Srinivas Kaushik |
|
463200 |
|
V. Umapathi |
|
650000 |
|
V. Pradeep Kumar |
|
189000 |
|
C. Premchandar Reddy |
|
597400 |
|
Bejawada Ramesh Naidu |
|
450000 |
|
A. Muralidhar Reddy |
|
27600 |
|
D. Radha |
|
85000 |
|
D. Surendranath Reddy |
|
80000 |
|
D. Venkat Reddy |
|
50000 |
|
Yerram Reddy |
|
50000 |
|
R. Amaranth Reddy |
|
50000 |
|
V. Manohar Reddy |
|
50000 |
|
V.M. Vikash |
|
59000 |
|
K. Hari Teja Reddy |
|
230000 |
|
R.K. Manjunatha |
|
125000 |
|
R. Suresh |
|
70300 |
|
C.M. Noor Ahmed |
|
786500 |
|
C.M. Sultana |
|
211000 |
|
C.M. Nisar Ahmed |
|
769750 |
|
C.M. Noor Saba |
|
168650 |
|
Total |
|
6453000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Mango pulp, papaya, tomato, pineapple
juices |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Mango pulp |
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Countries : |
Nepal |
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Imports : |
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Products : |
Machinery and spare parts |
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Countries : |
Italy |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
P M R Associates Chartered Accountants |
|
Address : |
Flat No 205 "A" Block Chenji Plaza Opposite to SBI, Tilak Road, K T Road, Tirupati-517501, Andra Pradesh, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP8445H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
United Food Products Address: Puthalapttu,
Mollchittor, 365 AP, Cuddapa – 517124, Andhra Pradesh |
CAPITAL STRUCTURE
After as on:
30.09.2014
Authorized Capital: Rs. 65.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 64.530 Million
As on 31.03.2013
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 65.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
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 |
60.000 |
10.800 |
2.800 |
|
(b) Reserves & Surplus |
2.566 |
0.043 |
0.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
32.200 |
3.010 |
|
Total
Shareholders’ Funds (1) + (2) |
62.566 |
43.043 |
5.810 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
104.045 |
57.893 |
0.500 |
|
(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) |
104.045 |
57.893 |
0.500 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
45.602 |
0.000 |
0.000 |
|
(b) Trade
payables |
26.533 |
70.296 |
0.000 |
|
(c) Other current
liabilities |
20.339 |
17.604 |
0.000 |
|
(d) Short-term
provisions |
1.024 |
0.305 |
0.000 |
|
Total Current
Liabilities (4) |
93.498 |
88.205 |
0.000 |
|
|
|
|
|
|
TOTAL |
260.109 |
189.141 |
6.310 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
176.719 |
6.955 |
0.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
131.824 |
0.039 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.055 |
0.050 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.384 |
1.785 |
0.000 |
|
(e) Other Non-current
assets |
3.561 |
4.451 |
0.171 |
|
Total Non-Current
Assets |
180.719 |
145.065 |
0.210 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
50.163 |
6.010 |
0.000 |
|
(c) Trade
receivables |
16.769 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
9.077 |
18.378 |
4.100 |
|
(e)
Short-term loans and advances |
3.381 |
19.688 |
2.000 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
79.390 |
44.076 |
6.100 |
|
|
|
|
|
|
TOTAL |
260.109 |
189.141 |
6.310 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
123.936 |
3.374 |
0.000 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA
|
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
26.075 |
0.140 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.664 |
0.048 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.411 |
0.092 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.294 |
0.040 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.116 |
0.052 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.594 |
0.009 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.522 |
0.043 |
0.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
34.576 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.42 |
0.04 |
0.000 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
440.000 |
|
|
|
|
|
The above information has been parted by Mr. Venkat Subbaiah (General
Manager Finance)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.03 |
1.27 |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
21.04 |
4.15 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.20 |
0.09 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.39 |
1.35 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85 |
0.50 |
0.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
2.800 |
10.800 |
60.000 |
|
Reserves & Surplus |
0.000 |
0.043 |
2.566 |
|
Share Application money pending allotment |
3.010 |
32.200 |
0.000 |
|
Net worth |
5.810 |
43.043 |
62.566 |
|
|
|
|
|
|
long-term borrowings |
0.500 |
57.893 |
104.045 |
|
Short term borrowings |
0.000 |
0.000 |
45.602 |
|
Total borrowings |
0.500 |
57.893 |
149.647 |
|
Debt/Equity ratio |
0.086 |
1.345 |
2.392 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3.374 |
123.936 |
|
|
|
3,573.266 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
3.374 |
123.936 |
|
Profit |
0.043 |
2.522 |
|
|
1.27% |
2.03% |
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 |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS:
The Company has completed its first year of Mango season and produced 5995 tons of Mango Pup / Concentrates. The company also produced 1757 tons of other fruit pulps/concentrates. The installed capacity of mango pulp for the mango season is 12000 tons whereas the Production achieved was 5995 tons thereby capacity utilization was 50%. The company achieved turnover of Rs 123.900 Million and earned gross profit of Rs 26.000 Million. After deducting interest, depreciation and income tax, the company earned Rs 2.5 Million as net profit after tax.
UNSECURED LOAN
|
Particular |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
10.100 |
3.500 |
|
|
|
|
|
Total |
10.100 |
3.500 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10355521 |
02/04/2014 * |
199,700,000.00 |
State Bank of India |
State Bank Of India, Branch: Sme Branch, 95, New Balaji Colony, Tirupati-- 517502, Andhra Pradesh, India |
C02288686 |
|
2 |
10430761 |
23/01/2012 |
112,000,000.00 |
STATE BANK OF INDIA |
Central Office: MADAM CAMA ROAD, MUMBAI, Branch: 20-3-124, Penumadi Towers, Korlagunta, TIRUPATI - 517501, Andhra Pradesh, INDIA |
B37384070 |
* Date of charge modification
FIXED ASSETS:
- Land
- Buildings
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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 records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report: No press reports / filings exists on the
subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.33 |
|
|
1 |
Rs.96.52 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
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 |
|
28 |
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.