MIRA INFORM REPORT
|
Report No. : |
329138 |
|
Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIGNATURE INTERNATIONAL FOODS INDIA PRIVATE LIMITED (w.e.f. 29.09.2011) |
|
|
|
|
Formerly Known
As : |
HONEYTOP
SPECIALITY FOODS (INDIA) PRIVATE LIMITED |
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|
|
Registered
Office : |
A/2, Plot No. 245, Shree Samarth Sahakari Audhyogik Vasahat Limited,
Mukhed Road, Pimpalgaon Baswant Taluka Niphad, Nashik – 422209, Maharashtra |
|
Tel. No.: |
91-2550-252126 |
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|
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.05.2009 |
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|
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|
Com. Reg. No.: |
192372 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.90.929 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15490MH2009PTC192372 |
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|
IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCH2133E |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in diversified businesses primarily dealing and manufacturing of ambient / frozen food products and food business of various kinds of flat breads like Chapatti, Naan, Tortilla, Pizza base, kulcha etc. |
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|
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No. of Employees
: |
90 (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 300000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary company of Legendary Investments Limited, Mauritius. It has moderate track. Rating takes into consideration the moderate financial risk profile of the company marked by leveraged balance sheet and unfavourable gap between trade receivable and trade payables, which may impact company’s liquid profile. Moreover, company reported losses from its operations in FY14, however, the same has restricted as compare to previous year. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some 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 – 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Yatinkumar Bipinbhai Patel |
|
Designation : |
Additional director |
|
Contact No.: |
91-8380033851 |
|
Date : |
25.06.2015 |
LOCATIONS
|
Registered Office / Factory : |
A/2, Plot No. 245, Shree Samarth Sahakari Audhyogik Vasahat Limited,
Mukhed Road, Pimpalgaon Baswant Taluka Niphad, Nashik – 422209, Maharashtra,
India |
|
Tel. No.: |
91-2550-252126 |
|
Mobile No.: |
91-8380033851 (Mr. Yatinkumar Bipinbhai Patel) |
|
Fax No.: |
91-2550-212522 |
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E-Mail : |
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Website : |
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|
International
markets: |
Located At :
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DIRECTORS
AS ON 31.10.2014
|
Name : |
Duncan James Gray |
|
Designation : |
Director |
|
Address : |
66 Main Street, Lubenham, Market Harborough LE16 9TF, Leicester, Na, United Kingdom |
|
Date of Appointment : |
11.06.2013 |
|
DIN No.: |
06546638 |
|
|
|
|
Name : |
Ramesh Punjaji Warungase |
|
Designation : |
Director |
|
Address : |
Flat No.5, Bakul Sadguru Nagar, Nr Kj Mehta School, Nashik Road, Nashik - 422101, Maharashtra, India |
|
Date of Appointment : |
11.06.2013 |
|
DIN No.: |
06584871 |
|
|
|
|
Name : |
Yatinkumar Bipinbhai Patel |
|
Designation : |
Director |
|
Address : |
404-E-Wing, Vista Building, Wadala Link Road, I, Indira Nagar, Near Indira Nagar Church, Nashik - 422209, Maharashtra, India |
|
Date of Appointment : |
16.01.2014 |
|
DIN No.: |
06722931 |
KEY EXECUTIVES
|
Name : |
Akshay Shrikrishna Pathak |
|
Designation : |
Secretary |
|
Address : |
Flat No 06, Chandrabhaga Appartment, Opposite Nandini Aggarbatti, Hirawadi Road, Panchavati, Nashik - 422003, Maharashtra, India |
|
PAN No.: |
BCDPP6375F |
|
Date of Appointment : |
16.03.2015 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.10.2014
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
Legendary Investments Limited, Mauritius |
|
5745166 |
|
William Samir Eid |
|
5000 |
|
Names of Shareholders [Preference Shares] |
|
No. of Shares |
|
Legendary Investments Limited, Mauritius |
|
358269 |
|
|
|
|
|
Total |
|
358269 |
AS ON 12.12.2014
|
Names of Allottee [Equity Shares] |
|
No. of Shares |
|
Legendary Investments Limited, Mauritius |
|
23963698 |
|
|
|
|
|
Total |
|
23963698 |
AS ON 31.10.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in diversified businesses primarily dealing and manufacturing of ambient / frozen food products and food business of various kinds of flat breads like Chapatti, Naan, Tortilla, Pizza base, kulcha etc. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
90 (Approximately) |
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Bankers : |
Bank of India, Sakinaka Mid Corporate Branch, Sagar Tech Plaza, "B", Andheri-Kurla Road, Andheri (East), Sakinaka, Mumbai - 400072, Maharashtra, India |
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Facilities : |
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Auditors : |
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|
Name : |
Lovelock and Lewes Chartered Accountants |
|
Address : |
Price Waterhouse 252, Veer Savarkar Marg, Shivaji Park, Dadar, Mumbai - 400028, Maharashtra, India |
|
PAN No.: |
AABFL5878L |
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Memberships : |
-- |
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Collaborators : |
--- |
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Ultimate Holding
Company / Holding Company: |
Legendary InvestmentsLimited |
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Associate Company : |
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CAPITAL STRUCTURE
AFTER 31.10.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46,900,000 |
Equity Shares |
Rs.10/- each |
Rs.469.000 Million |
|
360,000 |
Preference Shares |
Rs.100/- each |
Rs.36.000 Million |
|
|
Total |
|
Rs.505.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29,708,864 |
Equity Shares |
Rs.10/- each |
Rs.297.089 Million |
AS ON 31.10.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46,900,000 |
Equity Shares |
Rs.10/- each |
Rs.469.000 Million |
|
360,000 |
Preference Shares |
Rs.100/- each |
Rs.36.000 Million |
|
|
Total |
|
Rs.505.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,745,166 |
Equity Shares |
Rs.10/- each |
Rs.57.452 Million |
|
358,269 |
Preference Shares |
Rs.100/- each |
Rs.35.827 Million |
|
|
Total |
|
Rs.93.279 Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,56,00,000 |
Equity Shares |
Rs.10/- each |
Rs.256.000 Million |
|
360,000 |
Preference Shares |
Rs.100/- each |
Rs.36.000 Million |
|
|
Total |
|
Rs.292.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55,10,249 |
Equity Shares |
Rs.10/- each |
Rs.55.102 Million |
|
358,269 |
Preference Shares |
Rs.100/- each |
Rs.35.827 Million |
|
|
Total |
|
Rs.90.929 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 |
90.929 |
81.232 |
81.232 |
|
(b) Reserves &
Surplus |
0.465 |
(141.875) |
(36.241) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
14.116 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
105.510 |
(60.643) |
44.991 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
247.447 |
355.459 |
308.422 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
5.733 |
4.726 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.644 |
0.473 |
0.000 |
|
Total Non-current
Liabilities (3) |
248.091 |
361.665 |
313.148 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
11.457 |
4.828 |
|
(b) Trade payables |
21.854 |
14.823 |
5.985 |
|
(c) Other current
liabilities |
6.123 |
44.577 |
27.889 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
27.977 |
70.857 |
38.702 |
|
|
|
|
|
|
TOTAL |
381.578 |
371.879 |
396.841 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
321.888 |
334.874 |
344.163 |
|
(ii) Intangible Assets |
0.999 |
1.292 |
0.936 |
|
(iii) Capital
work-in-progress |
0.044 |
0.000 |
0.215 |
|
(iv) Intangible assets
under development |
1.604 |
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 |
10.997 |
7.607 |
8.339 |
|
(e) Other Non-current
assets |
7.018 |
7.089 |
6.868 |
|
Total Non-Current Assets |
342.550 |
350.862 |
360.521 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
11.138 |
8.247 |
6.246 |
|
(c) Trade receivables |
11.008 |
10.122 |
1.905 |
|
(d) Cash and cash
equivalents |
14.039 |
0.412 |
10.493 |
|
(e) Short-term loans and
advances |
0.872 |
0.796 |
0.875 |
|
(f) Other current assets |
1.971 |
1.440 |
16.801 |
|
Total Current Assets |
39.028 |
21.017 |
36.320 |
|
|
|
|
|
|
TOTAL |
381.578 |
371.879 |
396.841 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
150.762 |
39.177 |
5.651 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
166.045 |
126.637 |
29.472 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(15.283) |
(87.460) |
(23.821) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.112 |
17.167 |
7.694 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(32.395) |
(104.627) |
(31.515) |
|
|
|
|
|
|
|
Less |
TAX |
(5.733) |
1.007 |
4.726 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(26.662) |
(105.634) |
(36.241) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
64.956 |
7.939 |
NA |
|
|
TOTAL EARNINGS |
64.956 |
7.939 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
1.405 |
1.115 |
NA |
|
|
Packing Material |
0.967 |
1.041 |
NA |
|
|
Capital Goods |
1.068 |
1.740 |
NA |
|
|
TOTAL IMPORTS |
3.440 |
3.896 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
Basic |
(5.23) |
(23.27) |
(7.98) |
|
|
Diluted |
(0.80) |
(3.30) |
(1.43) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
250.000 |
The above information has been parted by Mr. Yatinkumar Bipinbhai Patel
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
31.250 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(17.68) |
(269.63) |
(641.32) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.53) |
(28.13) |
(7.95) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.31) |
1.73 |
(0.70) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.35 |
(6.05) |
6.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
0.30 |
0.94 |
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 |
81.232 |
81.232 |
90.929 |
|
Reserves & Surplus |
(36.241) |
(141.875) |
0.465 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
14.116 |
|
Net worth |
44.991 |
(60.643) |
105.510 |
|
|
|
|
|
|
long-term borrowings |
308.422 |
355.459 |
247.447 |
|
Short term borrowings |
4.828 |
11.457 |
0.000 |
|
Total borrowings |
313.250 |
366.916 |
247.447 |
|
Debt/Equity ratio |
6.963 |
(6.050) |
2.345 |
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 |
5.651 |
39.177 |
150.762 |
|
|
|
593.276 |
284.823 |
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 |
5.651 |
39.177 |
150.762 |
|
Profit/Loss |
(36.241) |
(105.634) |
(26.662) |
|
|
(641.32%) |
(269.63%) |
(17.68%) |
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 |
No |
|
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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 four 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 |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures others |
214.116 |
192.903 |
|
Other loans and advances, others |
33.331 |
45.814 |
|
Total |
247.447 |
238.717 |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
NOTE
The registered office of the company has been shifted from 174 Govinda Apartment, Road No 2, Jawahar Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India to the present address w.e.f. 02.07.2013.
OPERATIONS
The Company is exploring various potential opportunities for improving and expanding the business of the Company.
SUBSIDIARY STATUS
The Company is a subsidiary of Legendary Investments Limited is holding 99% issued and paid-up capital of the Company.
COMPANY INFORMATION
The company was incorporated on May 13, 2009 under the Companies Act, 1956. At incorporation, the Company was named Honeytop Specialty Foods India Private Limited. The Company was renamed in September 29, 2011.
The Company is engaged in diversified businesses primarily dealing in ambient / frozen food products and food business of various kinds of flat breads like Chapatti, Naan, Tortilla, Pizza base, kulcha etc. The Company has manufacturing plant at Nashik, Maharashtra and sells primarily in India and International markets like UAE, South Korea, Japan, Australia. The Company is a Private Limited Company and 100% subsidiary of Legendary Investments Limited, Mauritius.
FIXED ASSETS
- Factory Building
- Plant and Machinery
- Electrical Fittings
- Computers
- Furniture and Fixtures
- Vehicles
- Trademarks
- Computer Software
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.63.60 |
|
|
1 |
Rs.100.08 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
2 |
|
--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.