MIRA INFORM REPORT

 

 

Report No. :

325906

Report Date :

05.06.2015

 

IDENTIFICATION DETAILS

 

Name :

VARDHAMAN FERTILIZERS AND SEEDS PRIVATE LIMITED

 

 

Registered Office :

B 1 Vibha Co Operative Housing Society 73/1 Erandawana, Pune-411004, Maharashtra

Tel. No.:

91-20-25810898

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

09.07.1987

 

 

Com. Reg. No.:

11-044043

 

 

Capital Investment / Paid-up Capital :

Rs. 12.819 Million

 

 

CIN No.:

[Company Identification No.]

U24121MH1987PTC044043

 

 

IEC No.:

3193008133

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACV6871D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of NPK Granulated Fertilizers for Soil Application.

 

 

No. of Employees :

55 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (43)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is established company incorporated in the July 1987 and it is having satisfactory track record.

 

During year 2014, company achieve Rs. 29.5 crore sale turnover and reported top line growth of 28.70%. The company have reported fair amount of profit from its operation backed by its debt to equity at 1.70 times.

 

Rating take in account of company established track record of business activities backed by its experienced promoters.

 

Trade relations are fair. Business is active. Payments are reported to be usually correct.

 

The company can be considered for business dealings with 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.

 

 

 

EXTERNAL AGENCY RATING

 

NOT AVAILABLE

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Pankaj

Designation :

Accounts Department

Contact No.:

91-20-41412222

Date :

04.06.2015

 

 

LOCATIONS

 

Registered Office :

B 1 Vibha Co Operative Housing Society 73/1 Erandawana, Pune-411004, Maharashtra, India

Tel. No.:

91-20-25810898

Fax No.:

Not Available

E-Mail :

teknodhan@vsnl.net

pune@vardhamanfertilizers.com

Website :

www.vardhamanfertilizers.net

 

 

Corporate/ Sales Office :

Pratibha Tower, 3rd Floor, 18A/2B, Wakdewadi, Pune – 411003, Maharashtra, India

Tel. No.:

91-20-41412222/ 41412204/ 41412202/ 41412208/ 41412207

Fax No.:

91-20-41412255

E-Mail :

darshanz23@rediffmail.com

teknodhan@vsnl.net

 

 

Factory :

Gat No:124/1A, N. H No: 9, Village-Kolegaon, Taluka-Mohol, Solapur – 413213, Maharashtra, India

Tel. No.:

91-2189-232415

Fax No.:

91-2189-232382

E-Mail :

vardhaman.fertilizers@gmail.com

 

 

Branch Offices :

Located at:

 

·         Shimla

·         Bangalore

·         Hyderabad

·         Hubli

·         Kamraj

·         Jalandhar

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Ravikant Ramchand Shah

Designation :

Managing Director

Address :

B 1, Vibha Society, 73/1, Erandawana, Bhakti Marg, Pune – 411004, Maharashtra, India

Date of Birth/Age :

12.02.1944

Date of Appointment :

25.08.1989

DIN No.:

01598609

 

 

Name :

Mr. Vijaykumar Fulchand Doshi

Designation :

Director

Address :

Pride Paradise Flat No.101, 1041, Final Plot No.458, Shivaji Nagar, Pune – 411016, Maharashtra, India

Date of Birth/Age :

26.04.1956

Date of Appointment :

09.07.1987

DIN No.:

01705376

 

 

Name :

Ms. Rekha Ravikant Shah

Designation :

Director

Address :

B -1, 73/1 Vibha Co. Operative Housing, Society, Bhakti Marg, Pune – 411004, Maharashtra, India

Date of Birth/Age :

16.03.1952

Date of Appointment :

08.09.1990

DIN No.:

01261285

 

 

Name :

Ms. Shubhda Vijaykumar Doshi

Designation :

Director

Address :

Pride Paradise Flat No.101 CS NO. 1041, Final Plot No.458, Shivaji Nagar, Pune – 411016, Maharashtra, India

Date of Birth/Age :

16.08.1962

Date of Appointment :

08.09.1990

DIN No.:

01661871

 

 

Name :

Ms. Reshma Adarsh Mehta

Designation :

Director

Address :

B-1 VI BHA Housing Society 73/1, Eranwana, Pune-411004, Maharashtra, India

Date of Birth/Age :

16.01.1974

Date of Appointment :

07.12.1990

DIN No.:

01897166

 

 

KEY EXECUTIVES

 

Name :

Mr. Pankaj

Designation :

Accounts Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders (Equity shares)

 

No. of Shares

 

Ravikant Shah Jointly with Rekha Shah

 

29488

Vijaykumar Doshi Jointly with Shubhada Doshi

 

12437

Rekha Shah Jointly with Ravikant Shah

 

15313

Shubhada Doshi Jointly with Vijaykumar Doshi

 

17547

Rajshekhar Doshi Jointly with Vandana Doshi

 

675

Bhartesh Doshi Jointly with Vijaya Doshi

 

675

Vandana Doshi Jointly with Rajshekhar Doshi

 

825

Anjali Doshi Jointly with Mahaveer Doshi

 

675

Mahaveer Doshi Jointly with Anjali Doshi

 

975

Vijaya Doshi Jointly with Bhartesh Doshi

 

675

Rupali Sharma Jointly with Rekha Shah

 

4026

Swati Kothadia Jointly with Sandesh Kothadia

 

525

Reshma Shah Jointly with Rekha Shah

 

4207

Sudeep Doshi Jointly with Vijaykumar Doshi

 

5874

Shrutika Motipally Jointly with Rekha Shah

 

6819

Sonali Mehtre Jointly with Rekha Shah

 

3138

Darshan Doshi Jointly with Shubhada Doshi

 

3225

Sushma Shah Jointly with Sheetal Shah

 

693

Mughda Shah

 

150

Rohit Sharma Jointly with Rupali Sharma

 

3000

J.J. Shah 

 

1

Darshan Shah

 

150

Mughda Shah Jointly with Kiran Shah

 

215

Darshan Shah Jointly with Mughda Shah

 

153

Total

 

111461

 

 

Names of Shareholders (Preference shares)

 

No. of Shares

 

Dhanlaxmi Plants and Equipments Private Limited, India

 

8750

Spectrum Consultants Private Limited, India

 

7980

Total

 

16730

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of NPK Granulated Fertilizers for Soil Application.

 

 

 

 

Brand Names :

--

 

 

Agencies Held :

---

 

 

Exports :

 

Products :

--

Countries :

--

 

 

Imports :

 

Products :

Raw Material

Countries :

·         Belgium

·         China

·         Denmark

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

PRODUCTION STATUS : NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Wholesalers and Retailers

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

55 (Approximately)

 

 

Bankers :

Bank Name:

Central Bank

Branch:

Deccan Gymkhana (Branch), Pune-411004, Maharashtra, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Cash Credit – Rs. 48.000 Million Rs. O.D-11.000 Million

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         Kotak Mahindra Bank

·         HDFC Bank Limited

·         Axis Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Vehicles Loan From Central Bank of India

1.203

0.000

LIC of India

0.000

0.632

 

1.203

0.631

Less: Obligations maturing within 12 months shown separately

0.312

0.632

 

0.891

0.000

Kotak Mahindra Bank

0.203

1.081

Bajaj Auto Finance, Pune

0.230

1.217

Barclays investments and Loans (India) Limited (New)

0.000

0.224

Bajaj Auto Finance, pune

0.000

0.115

HDFC Bank

0.000

0.309

India Bulls Financial Services Limited

0.000

0.089

Magma Fincop Limited

0.000

0.116

Religare Fininvest Limited

0.000

0.150

 

0.433

3.301

Less: Obligations maturing within 12 months shown separetely

0.433

1.781

 

0.000

1.518

SHORT TERM BORROWINGS

 

 

Long Term Obligations maturing within 12 months

 

 

Secured Loans against assets

0.312

0.632

Loans secured against directors personal guarantees

0.433

1.783

Working Capital loans

 

 

Central bank of India, Pune Cash Credit

38.787

42.361

Central Bank of India, Pune Overdraft

6.174

9.762

Total

46.597

56.056

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Gosavi Yardi and Company

Chartered Accountants

Address :

Ketki, 4th Floor, Next to Alka Talkies, Sadashiv Peth, Pune-411030, Maharashtra, India

Tel. No.:

91-24331439/ 24332795

E-Mail :

ca.yardi@gmail.com

Income-tax PAN of auditor or auditor's firm :

AACVG6871D

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates :

·         Dhanlaxmi Plants and Engineering Private Limited

·         Dhanlaxmi Engineering Enterprises

·         Teknokom Engineers

·         Spectrum Consultants Private Limited

·         Ravikant Agro Products Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

180000

Equity Shares

Rs. 100/- each

Rs. 18.000 Million

20000

Preference Shares

Rs. 100/- each

Rs. 2.000 Million

 

                                                                      Total

 

Rs. 20.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

111461

Equity Shares

Rs. 100/- each

Rs. 11.146 Million

16730

Preference Shares

Rs. 100/- each

Rs. 1.673 Million

 

                                                                      Total

 

Rs. 12.819 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

12.819

12.819

8.811

(b) Reserves & Surplus

28.852

26.261

19.721

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

3.115

0.000

9.265

Total Shareholders’ Funds (1) + (2)

44.786

39.080

37.797

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

25.259

29.595

22.156

(b) Deferred tax liabilities (Net)

0.906

0.586

0.558

(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)

26.165

30.181

22.714

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

45.706

54.538

59.959

(b) Trade payables

113.807

88.299

116.699

(c) Other current liabilities

0.000

0.000

0.000

(d) Short-term provisions

12.644

12.523

10.525

Total Current Liabilities (4)

172.157

155.360

187.183

 

 

 

 

TOTAL

243.108

224.621

247.694

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

34.970

28.711

31.962

(ii) Intangible Assets

0.000

1.665

1.655

(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

1.264

0.752

0.632

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

36.234

31.128

34.249

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

145.308

139.402

143.012

(c) Trade receivables

49.870

37.228

55.663

(d) Cash and cash equivalents

3.666

7.243

7.170

(e) Short-term loans and advances

7.489

8.814

6.959

(f) Other current assets

0.541

0.806

0.641

Total Current Assets

206.874

193.493

213.445

 

 

 

 

TOTAL

243.108

224.621

247.694

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

TOTAL                                     (A)

295.532

229.637

227.307

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

275.305

208.820

206.465

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

20.227

20.817

20.842

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

10.072

12.476

11.260

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

10.154

8.341

9.582

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

4.125

4.068

4.421

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

6.029

4.273

5.161

 

 

 

 

 

Less

TAX                                                                  (H)

1.910

1.458

1.585

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

4.119

2.815

3.576

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

65.346

68.732

33.035

 

TOTAL IMPORTS

65.346

68.732

33.035

 

 

 

 

 

 

Earnings Per Share (Rs.)

54.09

38.34

58.58

 

 

PARTICULARS

 

 

31.03.2016

31.03.2015

Sales Turnover (Approximately)

 

450.000

360.000

 

 

 

 

 

The above information has been parted by Mr. Pankaj (Accounts Departments)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

 

 

 

 

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

2.48

1.90

2.08

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.13

0.11

0.14

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

1.58

2.15

2.17

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.20

1.25

1.14

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

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

8.811

12.819

12.819

Reserves & Surplus

19.721

26.261

28.852

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

3.115

0.000

9.265

Net worth

31.647

39.080

50.936

 

 

 

 

Long-term borrowings

22.156

29.595

25.259

Short term borrowings

59.959

54.538

45.706

Total borrowings

82.115

84.133

70.965

Debt/Equity ratio

2.595

2.153

1.393

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

227.307

229.637

295.532

 

 

1.025

28.695

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Income

227.307

229.637

295.532

Profit

3.576

2.815

4.119

 

1.57%

1.23%

1.39%

 

 

 

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

Yes

8

Designation of contact person

Yes

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)

Yes

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

Yes

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

90084389

15/02/2010 *

4,000,000.00

CENTRAL BANK OF INDIA

DECCAN GYMKHANA BRANCH, DECCAN, PUNE- 411004, MAHARASHTRA
, INDIA

A82418807

2

90090165

15/02/2010 *

10,000,000.00

CENTRAL BANK OF INDIA

DECCAN GYMKHANA BRANCH, DECCAN, PUNE- 411004, MAHARASHTRA
, INDIA

A82418484

3

90089666

19/01/2013 *

59,000,000.00

CENTRAL BANK OF INDIA

DECCAN GYMKHANA BRANCH,, DECCAN, PUNE- 411004, MAHARASHTR
A, INDIA

B67985077

4

90093578

07/06/1991

1,500,000.00

THE STATE INDUSTRIAL AND INVESTMENT CORPORATION  OF MAHARASHTRA LIMITED

NIRMAL 1ST FLOOR, NARIMAN POINT, BOMBAY400021, MAHARASH
TRA, INDIA

-

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

From Sister Concern

24.368

26.685

From Directors

0.000

1.392

 

 

 

Total

24.368

28.077

 

 

FIXED ASSETS:

 

·         Building

·         Plant and Machinery

·         Vehicles

·         Computers

·         Furniture and Fixtures

 

 

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. 64.18

UK Pound

1

     Rs. 98.30

Euro

1

     Rs. 72.25

 

 

INFORMATION DETAILS

 

Information Gathered by :

KAS

 

 

Analysis Done by :

GYT

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

4

--RESERVES

1~10

4

--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

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

 

43

 

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.