MIRA INFORM REPORT
|
Report No. : |
333897 |
|
Report Date : |
29.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
HARITHA FERTILISERS LIMITED (w.e.f. 12.02.2008) |
|
|
|
|
Formerly Known
As : |
PRIYADARSHINI FERTILISERS LIMITED |
|
|
|
|
Registered
Office : |
Haritha House, H.No-8-3-988/34/7/1, Near Satya Sai Nigamagamam,
Srinagar Colony, Hyderabad – 500073, Telangana |
|
Tel. No.: |
91-40-23739767 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.04.2006 |
|
|
|
|
Com. Reg. No.: |
36-065194 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.750 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24129TG2006PLC065194 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing biochemical pesticides, fertilizers and bio-pesticides. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 560000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Haritha Fertilisers Limited is a Public Company incorporated on 26th April 2006. It is classified as Indian Non-Government Company and is registered at Registrar of Companies, Hyderabad. Its authorized share capital is Rs. 110.000 Million and its paid up capital is Rs. 50.750 Million. Rating takes s into consideration, subjects below average financial risk profile marked by small net worth base, high gearing, and weak debt protection metrics. However these rating weakness are partially offset by fair profitability and extensive experience of promoters in the fertiliser industry. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In the view of experienced promoters, the subject can be considered for business dealings with some caution. NOTE Subject was originally incorporated on 26 April 2006 as PRIYADARSHINI FERTILISERS LIMITED but as per the of Registrar of Companies the name of the said company was changed to "HARITHA FERTILISERS LIMITED" on 12-02-2008. |
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 rating: B |
|
Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
|
Date |
22.07.2015 |
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.
INFORMATION DECLINED
UNABLE TO CONTACT (91-40-23739767/23555245 – CONTINUOUSLY RINGING)
(91-7702004248 DOESN’T EXIST)
LOCATIONS
|
Registered Office : |
Haritha House, H.No-8-3-988/34/7/1, Near Satya Sai Nigamagamam,
Srinagar Colony, Hyderabad – 500073, Telangana, India |
|
Tel. No.: |
91-40-23739767/23555245 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Naren Ramanjula Reddy Pochima Reddy |
|
Designation : |
Managing director |
|
Address : |
1/492 ZP Road, Kadapa - 516001, Andhra Pradesh, India |
|
Date of Birth/Age : |
03.12.1983 |
|
Date of Appointment : |
26.04.2006 |
|
DIN No.: |
02713067 |
|
|
|
|
Name : |
Mr. Narravula Gangi Reddy |
|
Designation : |
Whole-time director |
|
Address : |
7-1-3/BG-7, Shati Bagh Apartment, Opposite Green Land
Hotel, Ameerpet, Ameerpet, Hyderabad, 500016, Telangana, India |
|
Date of Birth/Age : |
20.08.1943 |
|
Date of Appointment : |
26.04.2006 |
|
DIN No.: |
02650061 |
|
|
|
|
Name : |
Mr. Vennapusa Rami Reddy |
|
Designation : |
Director |
|
Address : |
5/157-1B, R.V Nagar, Ward - 36, Kadapa, 516003, Andhra
Pradesh, India |
|
Date of Birth/Age : |
01.06.1954 |
|
Date of Appointment : |
26.04.2006 |
|
DIN No.: |
01744126 |
|
|
|
|
Name : |
Mr. Arunakumari Pochimareddy |
|
Designation : |
Director |
|
Address : |
1-492, Smith Road, Cuddapah, 516001, Andhra Pradesh, India |
|
Date of Birth/Age : |
30.09.1960 |
|
Date of Appointment : |
26.10.2012 |
|
DIN No.: |
06414842 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
P Ravindranath Reddy |
|
1615000 |
|
P Sudharshan Reddy |
|
405000 |
|
NRen Ramanjula Reddy |
|
250000 |
|
P Renuka |
|
5000 |
|
N Gangi Reddy |
|
250000 |
|
V Rami Reddy |
|
5000 |
|
P Arun Kumari |
|
5000 |
|
K Ganga Srivani |
|
50000 |
|
N Prabhavathi |
|
250000 |
|
N Sirisha |
|
805000 |
|
M Sujatha |
|
80000 |
|
M Samba Siva Reddy |
|
45000 |
|
M Sankara Reddy |
|
45000 |
|
Devshyam Distributors Private Limited, India |
|
690000 |
|
Kurnool Energy Private Limited, India |
|
287000 |
|
Mitra Energy Private Limited, India |
|
288000 |
|
Total |
|
5075000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
24.91 |
|
Directors or relatives of Directors |
75.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing biochemical pesticides, fertilizers and
bio-pesticides. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
BNR Associates Chartered Accountant |
|
Address : |
#404, Pragathi Pride, D.No. 3-4-520, Opposite Aruna Studio, Barkathpura, Hyderabad – 500027, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIPU2006J |
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|
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|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs. 110.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5075000 |
Equity Shares |
Rs.10/- each |
Rs. 50.750
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 |
50.750 |
50.750 |
50.750 |
|
(b) Reserves & Surplus |
132.420 |
113.624 |
96.817 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
13.760 |
15.560 |
15.560 |
|
Total
Shareholders’ Funds (1) + (2) |
196.930 |
179.934 |
163.127 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
177.576 |
282.921 |
254.013 |
|
(b) Deferred tax liabilities
(Net) |
9.553 |
10.251 |
9.334 |
|
(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) |
187.129 |
293.172 |
263.347 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
373.043 |
372.939 |
373.890 |
|
(b) Trade payables |
110.955 |
224.920 |
185.240 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
17.928 |
13.312 |
7.224 |
|
Total
Current Liabilities (4) |
501.926 |
611.171 |
566.354 |
|
|
|
|
|
|
TOTAL |
885.985 |
1084.277 |
992.828 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
212.133 |
238.961 |
254.690 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
212.133 |
238.961 |
254.690 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
538.649 |
705.472 |
644.126 |
|
(c) Trade receivables |
93.903 |
74.769 |
45.045 |
|
(d) Cash and cash equivalents |
4.900 |
20.794 |
10.202 |
|
(e) Short-term loans and
advances |
35.696 |
32.827 |
21.748 |
|
(f) Other current assets |
0.704 |
11.454 |
17.017 |
|
Total
Current Assets |
673.852 |
845.316 |
738.138 |
|
|
|
|
|
|
TOTAL |
885.985 |
1084.277 |
992.828 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
754.418 |
679.722 |
369.672 |
|
|
Other Income |
3.917 |
0.242 |
2.698 |
|
|
TOTAL
(A) |
758.335 |
679.964 |
372.370 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
567.253 |
399.762 |
252.166 |
|
|
Purchases of Stock-in-Trade |
(11.233) |
64.850 |
(59.739) |
|
|
Employees benefits expense |
16.956 |
17.670 |
18.043 |
|
|
Other expenses |
65.090 |
66.758 |
47.231 |
|
|
TOTAL
(B) |
638.066 |
549.040 |
257.701 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
120.269 |
130.924 |
114.669 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
71.342 |
82.888 |
69.261 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
48.927 |
48.036 |
45.408 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
26.828 |
26.313 |
27.216 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
22.099 |
21.723 |
18.192 |
|
|
|
|
|
|
|
Less |
TAX (H) |
13.303 |
4.916 |
5.305 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
8.796 |
16.807 |
12.887 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.70 |
3.30 |
2.50 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.17 |
2.47 |
3.49 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
15.94 |
19.26 |
31.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.49 |
2.00 |
1.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.12 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.80 |
3.65 |
3.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.38 |
1.30 |
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 |
50.750 |
50.750 |
50.750 |
|
Reserves & Surplus |
96.817 |
113.624 |
132.420 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
15.560 |
15.560 |
13.760 |
|
Net
worth |
163.127 |
179.934 |
196.930 |
|
|
|
|
|
|
long-term borrowings |
254.013 |
282.921 |
177.576 |
|
Short term borrowings |
373.890 |
372.939 |
373.043 |
|
Total
borrowings |
627.903 |
655.860 |
550.619 |
|
Debt/Equity
ratio |
3.849 |
3.645 |
2.796 |
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 |
369.672 |
679.722 |
754.418 |
|
|
|
83.872 |
10.989 |
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 |
369.672 |
679.722 |
754.418 |
|
Profit |
12.887 |
16.807 |
8.796 |
|
|
3.49% |
2.47% |
1.17% |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
OPERATIONS:
The Company has commenced its commercial operations and made a turnover of Rs. 758.334 Million during the financial year and made a profit of Rs. 22.100 Million. The Board expects a good future in the coming years due to good opportunities prevailing in the market.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Unsecured borrowings |
28.860 |
28.580 |
|
Other loans and advances |
141.382 |
106.966 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
373.043 |
0.000 |
|
Working capital loans from banks |
0.000 |
372.939 |
|
Total |
543.285 |
508.485 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10180297 |
08/08/2014 * |
370,000,000.00 |
ANDHRA BANK |
SME MALLAPUR BRANCH, 136/B IDA MALLAPUR, HYDERABA |
C15186604 |
|
2 |
10165808 |
03/07/2009 |
2,970,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
A65462822 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, 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 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.64.03 |
|
UK Pound |
1 |
Rs.99.72 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.