MIRA INFORM REPORT
|
Report No. : |
332644 |
|
Report Date : |
21.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHALIMAR HATCHERIES LIMITED. |
|
|
|
|
Registered
Office : |
17 B and C, Everest House, 46-C, Chowringhee Road, Kolkata – 700071,
West Bengal |
|
Tel. No.: |
91-33-40179035 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.01.1994 |
|
|
|
|
Com. Reg. No.: |
061361 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.11.951 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05004WB1994PLC061361 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS06836E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS6537J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of Poultry Breeding & Hatching and all the activities of the company revolve around this business. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was set up in 1978 as a partnership concern and was reconstituted
as p private limited company in 1994. It is the flagship company of the Shalimar Group. In is having a satisfactory track. Overall financial position of the company seems to be decent. The rating takes into consideration established market position in the
poultry segment and its promoter’s industry experience. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 raqting : BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry modest credit risk. |
|
Date |
May 11, 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
31-03-2013.
LOCATIONS
|
Registered Office : |
17 B and C, Everest House, 46-C, Chowringhee Road, Kolkata – 700071, West Bengal, India |
|
Tel. No.: |
91-33-40179035 / 2886439 / 2888676 / 4017 90000 |
|
Fax No.: |
91-33-2882496 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Chiranji Lall Agarwal |
|
Designation : |
Director |
|
Address : |
84/SD, New Alipore, Block - E, Kolkata - 700053, West Bengal, India |
|
Date of Birth/Age : |
28.07.1929 |
|
Date of Appointment : |
06.01.1994 |
|
PAN No.: |
ACYPA1928K |
|
DIN No.: |
00129292 |
|
|
|
|
Name : |
Sameer Agarwal |
|
Designation : |
Director |
|
Address : |
53, Hara Prasad Sastri Sarani, Block - E, P.O.- New Alipore, Kolkata - 700053, West Bengal, India |
|
Date of Birth/Age : |
06.04.1974 |
|
Date of Appointment : |
06.01.1994 |
|
PAN No.: |
ACQPA9823M |
|
DIN No.: |
00129529 |
|
|
|
|
Name : |
Shruti Agarwal |
|
Designation : |
Whole-time director |
|
Address : |
84/SD, NEW Alipore, Block - E, Kolkata - 700053, West Bengal, India |
|
Date of Birth/Age : |
23.12.1975 |
|
Date of Appointment : |
07.12.1998 |
|
PAN No.: |
AJRPS1055M |
|
DIN No.: |
00129505 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Chiranji Lall Agarwal |
10 |
|
Sameer Agarwal |
10 |
|
C. L. Developers Private Limited, India |
165000 |
|
Sona Vets Private Limited, India |
360000 |
|
Chiranji Lall Agarwal HUF |
10 |
|
Sohan Lal Agarwal HUF |
10 |
|
Sameer Agarwal HUF |
10 |
|
Shalimar Pellet Feeds Limited, India |
210000 |
|
C. L. Enterprises Private Limited, India |
165000 |
|
Sakthiti Consultants Private Limited, India |
15000 |
|
Westwood Marketing Private Limited, India |
105000 |
|
Natraj Dealcomm Private Limited, India |
175000 |
|
Total |
1195050 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Poultry Breeding & Hatching and all the activities of the company revolve around this business. |
|
|
|
|
Products / Services : |
Poultry Breeding and Hatching |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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|
Bankers : |
IDBI Bank Limited Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India |
||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
R. K. Patodi and Company Chartered Accountants |
|
Address : |
2, Chruch Lane, Kolkata – 700001, West Bengal, India |
|
PAN No.: |
AACFR8036M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Associates: |
|
|
|
|
|
Others related
party : |
Sona Vets Private Limited [U01300WB1992PTC054083] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,195,050 |
Equity Shares |
Rs.10/- each |
Rs.11.951 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 |
11.951 |
11.951 |
10.951 |
|
(b) Reserves &
Surplus |
513.827 |
428.444 |
309.619 |
|
(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) |
525.778 |
440.395 |
320.570 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
32.408 |
59.702 |
31.076 |
|
(b) Deferred tax
liabilities (Net) |
3.491 |
3.224 |
2.113 |
|
(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) |
35.899 |
62.926 |
33.189 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
233.357 |
128.688 |
175.409 |
|
(b) Trade payables |
117.103 |
48.039 |
124.812 |
|
(c) Other current
liabilities |
140.631 |
143.323 |
89.334 |
|
(d) Short-term provisions |
2.029 |
2.328 |
5.323 |
|
Total Current Liabilities
(4) |
493.120 |
322.378 |
394.878 |
|
|
|
|
|
|
TOTAL |
1054.797 |
825.699 |
748.637 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
400.884 |
366.362 |
273.098 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
131.468 |
78.133 |
46.107 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.365 |
0.365 |
0.365 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
158.619 |
141.013 |
245.241 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
691.336 |
585.873 |
564.811 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
268.047 |
147.808 |
127.999 |
|
(c) Trade receivables |
35.584 |
33.512 |
16.493 |
|
(d) Cash and cash
equivalents |
44.279 |
38.791 |
25.397 |
|
(e) Short-term loans and
advances |
13.894 |
19.715 |
13.937 |
|
(f) Other current assets |
1.657 |
0.000 |
0.000 |
|
Total Current Assets |
363.461 |
239.826 |
183.826 |
|
|
|
|
|
|
TOTAL |
1054.797 |
825.699 |
748.637 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
5423.637 |
3860.114 |
2696.213 |
|
|
Other Income |
4.529 |
18.304 |
41.460 |
|
|
TOTAL |
5428.166 |
3878.418 |
2737.673 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4498.774 |
3154.307 |
2125.155 |
|
|
Purchases of
Stock-in-Trade |
133.319 |
56.731 |
60.801 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(123.355) |
(15.543) |
(6.328) |
|
|
Employees benefits
expense |
132.355 |
87.738 |
69.367 |
|
|
Other expenses |
584.454 |
388.365 |
299.842 |
|
|
TOTAL |
5225.547 |
3671.598 |
2548.837 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
202.619 |
206.820 |
188.836 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
23.852 |
34.279 |
34.989 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
178.767 |
172.541 |
153.847 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
48.644 |
37.905 |
28.156 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
130.123 |
134.636 |
125.691 |
|
|
|
|
|
|
|
Less |
TAX |
44.739 |
44.111 |
39.467 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
85.384 |
90.525 |
86.224 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
366.394 |
275.869 |
189.645 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
2.021 |
1.315 |
33.698 |
|
|
TOTAL IMPORTS |
2.021 |
1.315 |
33.698 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
71.45 |
82.63 |
78.74 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
32.000 |
32.000 |
32.963 |
|
Cash generated from operations |
NA |
NA |
|
|
Net cash flows from (used in) operations |
136.458 |
142.036 |
242.217 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.57 |
2.35 |
3.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.74 |
5.36 |
7.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.10 |
18.02 |
17.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.31 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.57 |
0.50 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.74 |
0.74 |
0.47 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
10.951 |
11.951 |
11.951 |
|
Reserves & Surplus |
309.619 |
428.444 |
513.827 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
320.570 |
440.395 |
525.778 |
|
|
|
|
|
|
long-term borrowings |
31.076 |
59.702 |
32.408 |
|
Short term borrowings |
175.409 |
128.688 |
233.357 |
|
Current Maturities of
Long Term Debt |
32.963 |
32.000 |
32.000 |
|
Total borrowings |
239.448 |
220.390 |
297.765 |
|
Debt/Equity ratio |
0.747 |
0.500 |
0.566 |
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) |
|
Sales |
2696.213 |
3860.114 |
5423.637 |
|
|
|
43.168 |
40.505 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
2696.213 |
3860.114 |
5423.637 |
|
Profit |
86.224 |
90.525 |
85.384 |
|
|
3.20% |
2.35% |
1.57% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CONTINGENT LIABILITY NOT
PROVIDED FOR–
In respect of Bank guarantees issued by the Banker on behalf of the Company Rs.14.114 Million (Previous year Rs. 3.639 Million)
BUSINESS ACTIVITIES
The Company's business during the year has been good, particularly the sale of live chicken has improved significantly and the profits of the company has also risen during the year as will be evident from the results shown in the Statement of Profit and Loss. The directors are trying to further improve upon the working results.
BACKGROUND
The company is engaged in the business of Poultry Breeding & Hatching and all the activities of the company revolve around this business.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10561957 |
26/03/2015 |
100,000,000.00 |
IDBI BANK LIMITED |
CORPORATE BANKING GROUP, IDBI HOUSE, JANPATH, UNI |
C50290006 |
|
2 |
10561958 |
26/03/2015 |
200,000,000.00 |
IDBI BANK LIMITED |
CORPORATE BANKING GROUP, IDBI HOUSE, JANPATH, UNI |
C50290162 |
|
3 |
10533653 |
27/09/2014 |
797,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
C35234418 |
|
4 |
10574626 |
27/09/2014 |
100,000,000.00 |
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED |
GATEWAY BUILDING, APOLLO BUNDER,, ., MUMBAI, MAHA |
C56305121 |
|
5 |
10512421 |
05/07/2014 |
5,015,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
C14740658 |
|
6 |
10505357 |
17/06/2014 |
1,845,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
C08803082 |
|
7 |
10505476 |
29/04/2014 |
1,860,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
C08799066 |
|
8 |
10505354 |
24/03/2014 |
1,430,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
C08801367 |
|
9 |
10484551 |
21/02/2014 |
3,545,000.00 |
AXIS BANK LIMITED |
RAC - KOLKATA, LOARDS BUILDING, 1ST FLOOR, 7/1 LO |
C00376749 |
|
10 |
10474101 |
15/01/2014 |
1,418,000.00 |
AXIS BANK LIMITED |
RAC - KOLKATA, LOARDS BUILDING, 1ST FLOOR, 7/1 LO |
B94904695 |
* Date of charge modification
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 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.63.55 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.68.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.