MIRA INFORM REPORT
|
Report No. : |
338480 |
|
Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEN HATCHERIES |
|
|
|
|
Registered
Office : |
#3, Queen’s Road Cross, Near Congress Committee Office, |
|
Tel. No.: |
91-80-49222222 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 [Provisional] |
|
|
|
|
Date of
Incorporation : |
31.12.1993 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1023.055 Million |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
Labour Reg.
Cert. : |
78/CE/1403/93 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
ADCPK8497N |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
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|
|
|
Line of Business
: |
Subject is engaged into Poultry, Feed Milling, Renewable
Energy and Real Estate Sector. |
|
|
|
|
No. of Employees
: |
300 (Approximately) [In Office 50 + In Factory (Farms) 250] |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an old proprietorship concern established in the year 1993 and
is a part of Golden Group and having satisfactory track. Rating takes into consideration sound financial risk profile of the
concern marked by decent networth base and comfortable gearing in FY14. Management has earned almost stable revenue base along with decent
profit margin in FY 14. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The concern can be considered normal 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.
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 : |
Jeros Bhoja |
|
Designation : |
Sales Head |
|
Contact No.: |
91-9900033041 |
|
Date : |
08.09.2015 |
LOCATIONS
|
Registered Office : |
#3, Queen’s Road Cross, Near Congress Committee Office, |
|
Tel. No.: |
91-80-49222222 / 11 / 44 / 55 |
|
Mobile No.: |
91-9900033041 (Jeros Bhoja) |
|
Fax No.: |
91-80-49222249 |
|
E-Mail : |
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|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Wind Farms : |
|
|
|
|
|
Poultry Farms : |
Farm Name : Ramakrishna – Medahatti Location: Medahatti, Malur, Kolar District |
SOLE PROPRIETOR
|
Name : |
Mr. Syed Mustafa Kamal Pasha |
|
Designation : |
Proprietor |
|
Address : |
No.3, 4th Main Road, Jayamahal Extension, Bangalore
– 560046, Karnataka, India |
|
Date of Birth/Age : |
01.01.1954 (61 Years) |
|
Qualification : |
BA, LLB |
|
Experience : |
30 Years |
|
PAN No.: |
ADCPK8497N |
KEY EXECUTIVES
|
Name : |
Jeros Bhoja |
|
Designation : |
Sales Head |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Poultry, Feed Milling, Renewable
Energy and Real Estate Sector. |
|
|
|
|
Products / Services : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 days) |
|
|
|
|
Purchasing : |
Credit (30 days) |
PRODUCTION DETAILS
Golden Hatcheries
Wind Farms
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Shiragaon, Belgium District |
MW |
-- |
5.1 |
5.1 |
|
Karoshi, Belgium District |
MW |
-- |
3.4 |
3.4 |
|
Kalsapur Village, Gadge District |
MW |
-- |
4.8 |
4.8 |
Golden Hatcheries
– Poultry Farms: 0.150 Million hatching eggs
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
300 (Approximately) [In Office 50 + In Factory (Farms) 250] |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
J. Manjunatha and Company Chartered Accountants |
|
Address : |
No.14, 2nd Floor, Lakshmi Building, J C Road, Bangalore – 560002, Karnataka, India |
|
Tel. No.: |
91-80-22236825 |
|
E-Mail : |
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|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Sister Concern : |
|
CAPITAL STRUCTURE
CAPITAL ACCOUNT AS ON 31.03.2015 [PROVISIONAL]
|
Particulars |
|
Amount [Rs. In million] |
|
Opening Balance |
|
1007.877 |
|
Less : Drawings |
|
(35.144) |
|
Net Profit |
|
50.322 |
|
Total |
|
1023.055 |
CAPITAL ACCOUNT AS ON 31.03.2014
|
Particulars |
|
Amount [Rs. In million] |
|
Opening Balance |
|
996.875 |
|
Add: Net Profit- Golden Hatcheries |
|
73.022 |
|
Add: Net Profit / (Loss) - Wind Mill |
|
(2.606) |
|
Less : Drawings |
|
(59.430) |
|
Total |
|
1007.861 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
PROPRIETORS FUNDS |
|
|
|
|
1] Capital Account |
1023.055 |
1007.861 |
996.875 |
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
3] Reserve and Surplus |
0.000 |
0.000 |
0.000 |
|
4] (Accumulated Losses) / Diff in Opening Balance |
0.002 |
0.000 |
0.000 |
|
NETWORTH |
1023.057 |
1007.861 |
996.875 |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Bank OD A/C |
104.307 |
0.000 |
0.000 |
|
2] Secured Loans |
386.008 |
570.709 |
656.135 |
|
3] Unsecured Loans |
220.045 |
6.011 |
2.901 |
|
TOTAL BORROWING |
710.360 |
576.720 |
659.036 |
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
1733.417 |
1584.581 |
1655.911 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1090.996 |
1155.914 |
1244.599 |
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
INVESTMENT |
208.433 |
208.434 |
0.000 |
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
38.646 |
38.645 |
62.540 |
|
Sundry Debtors |
24.098 |
16.586 |
59.62 |
|
Cash & Bank Balances |
1.597 |
0.691 |
25.296 |
|
Other Current Assets |
16.529 |
24.185 |
28.411 |
|
Loans & Advances and Deposits |
385.030 |
321.068 |
239.674 |
|
Total Current Assets |
465.900 |
401.175 |
415.541 |
|
|
|
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
26.362 |
(11.225) |
(25.113) |
|
Other Current Liabilities |
3.759 |
190.521 |
27.790 |
|
Provisions |
1.791 |
1.646 |
1.552 |
|
Total Current Liabilities |
31.912 |
180.942 |
4.229 |
|
|
|
|
|
|
Net Current Assets |
433.988 |
220.233 |
411.312 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
1733.417 |
1584.581 |
1655.911 |
PROFIT
& LOSS ACCOUNT
GOLDEN
HATCHERIES
|
|
PARTICULARS |
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
704.687 |
672.283 |
674.699 |
|
|
Other Income |
4.159 |
3.743 |
9.951 |
|
|
TOTAL |
708.846 |
676.026 |
684.650 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
437.941 |
485.418 |
564.903 |
|
|
Conveyances and
Travelling Expenses |
0.275 |
0.164 |
0.343 |
|
|
Advertisement |
0.094 |
0.127 |
0.039 |
|
|
Bad Debt Written Off |
(0.553) |
2.193 |
0.000 |
|
|
Hatchability Discount
Allowed |
1.800 |
1.127 |
0.000 |
|
|
Office Expenses |
0.071 |
0.122 |
0.094 |
|
|
Postage and Telegram |
0.029 |
0.025 |
0.019 |
|
|
Printing and Stationery |
0.271 |
0.274 |
0.281 |
|
|
Loading and Unloading and
Labour Charges |
0.206 |
0.183 |
0.000 |
|
|
Consultancy Charges |
0.106 |
0.248 |
0.059 |
|
|
Legal and Professional
Charges |
0.138 |
0.152 |
0.495 |
|
|
Rate and Taxes |
0.038 |
0.025 |
0.068 |
|
|
Setting Charges |
0.075 |
0.000 |
0.000 |
|
|
Insurance |
0.289 |
0.982 |
0.665 |
|
|
Audit Fees |
0.000 |
0.169 |
0.169 |
|
|
Computer Maintenance |
0.044 |
0.079 |
0.197 |
|
|
Karnataka Poultry Farms
and Breeders Assets |
0.000 |
2.386 |
0.000 |
|
|
Membership and
Subscription |
0.009 |
0.001 |
0.007 |
|
|
Security Charges |
0.000 |
1.014 |
0.160 |
|
|
Generator Maintenance |
0.039 |
0.107 |
0.108 |
|
|
Staff Welfare |
6.224 |
7.286 |
1.061 |
|
|
Telephone Charges |
1.101 |
0.559 |
0.075 |
|
|
Travelling Expenses |
1.748 |
1.027 |
1.258 |
|
|
Vehicle Maintenance |
1.848 |
2.513 |
1.288 |
|
|
Bank Charges |
0.181 |
1.106 |
1.829 |
|
|
Loan Processing Charges |
0.370 |
0.289 |
3.454 |
|
|
Donation |
0.163 |
0.049 |
0.043 |
|
|
Misc. Expenses |
0.198 |
0.340 |
0.658 |
|
|
Repairs and Maintenance |
0.446 |
0.075 |
0.000 |
|
|
Federation Expenses |
2.868 |
1.263 |
1.016 |
|
|
Toll Charges |
0.012 |
0.011 |
0.000 |
|
|
Newspaper and Periodicals
|
0.000 |
0.000 |
0.031 |
|
|
Discount Allowed |
0.000 |
0.000 |
1.102 |
|
|
Weight Gain / Loss |
0.000 |
0.000 |
9.044 |
|
|
Loss on Sale of Vehicle |
0.000 |
0.055 |
0.000 |
|
|
Business Promotion
Expenses |
0.023 |
0.000 |
0.805 |
|
|
Commission and Brokerage |
0.110 |
0.000 |
0.114 |
|
|
Direct Expenses |
60.100 |
59.693 |
72.273 |
|
|
Windmill Expenses |
55.150 |
0.000 |
0.000 |
|
|
TOTAL |
571.414 |
569.062 |
661.658 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
137.432 |
106.964 |
22.992 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
22.092 |
24.381 |
12.964 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
115.340 |
82.583 |
10.028 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
65.018 |
9.561 |
9.249 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) |
50.322 |
73.022 |
0.779 |
WIND
MILL
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
146.393 |
126.769 |
|
|
Other Income |
|
0.000 |
0.000 |
|
|
TOTAL |
|
146.393 |
126.769 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Chief Electrical
Inspectorate |
|
1.321 |
1.909 |
|
|
Auro Mira Bio Energy
Maduri Limited |
|
0.000 |
8.500 |
|
|
Interest on HDFC Bank -
0822 |
|
0.000 |
2.081 |
|
|
Interest on HDFC Bank -
0069 |
|
0.000 |
0.901 |
|
|
Interest on loan- Wind
Mill - ICICI |
|
10.659 |
12.753 |
|
|
Interest on loan- Wind
Mill - IOB |
|
37.484 |
39.444 |
|
|
Windmill Expenses |
|
3.289 |
0.000 |
|
|
Interest on SIDBI Bank -
0822 |
|
9.777 |
7.658 |
|
|
TOTAL |
|
62.530 |
73.246 |
|
|
|
|
|
|
|
Less |
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
83.863 |
53.523 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
86.469 |
101.728 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) |
|
(2.606) |
(48.205) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 [Provisional] |
31.03.2014 |
31.03.2013 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.69 |
0.57 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
14.60 |
2.22 |
98.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 [Provisional] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Capital Account |
996.875 |
1007.861 |
1023.055 |
|
Reserve and Surplus |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
996.875 |
1007.861 |
1023.055 |
|
|
|
|
|
|
|
|
|
|
|
Bank OD A/C |
0.000 |
0.000 |
104.307 |
|
Secured Loans |
656.135 |
570.709 |
386.008 |
|
Unsecured Loans |
2.901 |
6.011 |
220.045 |
|
Total borrowings |
659.036 |
576.720 |
710.360 |
|
Debt/Equity ratio |
0.661 |
0.572 |
0.694 |
YEAR-ON-YEAR GROWTH
GOLDEN HATCHERIES
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 [Provisional] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
674.699 |
672.283 |
704.687 |
|
|
|
(0.358) |
4.820 |
WIND
MILL
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
sales |
126.769 |
146.393 |
|
|
15.480 |
NET PROFIT MARGIN
GOLDEN HATCHERIES
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 [Provisional] |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
674.699 |
672.283 |
704.687 |
|
Profit |
0.779 |
73.022 |
50.322 |
|
|
0.12% |
10.86% |
7.14% |
WIND
MILL
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
126.769 |
146.393 |
|
Profit/Loss |
(48.205) |
(2.606) |
|
|
(38.03%) |
(1.78%) |
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 |
Yes |
|
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 |
No |
|
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 |
31.03.2015 [Provisional] |
31.03.2014 |
|
|
(Rs. in Million) |
|
|
Loans |
220.045 |
0.000 |
|
Term loans |
|
|
|
Chichi (Ghouse) |
0.000 |
(1.000) |
|
Golden Broilers |
0.000 |
4.212 |
|
Golden Fresh –Loan A/c |
0.000 |
0.216 |
|
Raheem Khan |
0.000 |
0.900 |
|
Sabah Kamal |
0.000 |
1.683 |
|
Total |
220.045 |
6.011 |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF TOTAL INCOME
ASSESSMENT YEAR
2014-2015
(RS.
IN MILLION)
|
Particulars |
2014-2015 |
||
|
Income from house Property |
|
|
|
|
Let-out properties |
|
|
|
|
|
|
|
|
|
Property 1 |
|
|
|
|
No.151/184, Shivajinagar, Bangalore |
|
0.140 |
|
|
Gross annual value |
|
0.140 |
|
|
Less : Municipal Taxes |
|
-- |
|
|
Net annual value |
|
0.140 |
|
|
Less : Standard deduction u/s 24(a) |
|
0.042 |
|
|
Net Income from property |
|
0.098 |
|
|
|
|
|
|
|
Property 2 |
|
|
|
|
Godrej AgroVet Private Limited |
|
1.650 |
|
|
Gross annual value |
|
1.650 |
|
|
Less : Municipal Taxes |
|
-- |
|
|
Net annual value |
|
1.650 |
|
|
Less : Standard deduction u/s 24(a) |
|
0.495 |
|
|
Net Income from property |
|
1.155 |
|
|
|
|
|
|
|
Property 3 |
|
|
|
|
Asus Technology Private Limited |
|
1.255 |
|
|
Gross annual value |
|
1.255 |
|
|
Less : Municipal Taxes |
|
-- |
|
|
Net annual value |
|
1.255 |
|
|
Less : Standard deduction u/s 24(a) |
|
0.376 |
|
|
Net Income from property |
|
0.879 |
|
|
|
|
|
|
|
Property 4 |
|
|
|
|
Pratham Motors Private Limited |
|
9.425 |
|
|
Gross annual value |
|
9.425 |
|
|
Less : Municipal Taxes |
|
-- |
|
|
Net annual value |
|
9.425 |
|
|
Less : Standard deduction u/s 24(a) |
|
2.828 |
|
|
Net Income from property |
|
6.597 |
|
|
|
|
|
|
|
Property 5 |
|
|
|
|
Wireless TT Info Service Limited |
|
0.264 |
|
|
Gross annual value |
|
0.264 |
|
|
Less : Municipal Taxes |
|
- |
|
|
Net annual value |
|
0.264 |
|
|
Less : Standard deduction u/s 24(a) |
|
0.079 |
|
|
Net Income from property |
|
0.185 |
|
|
|
|
|
|
|
Income chargeable under the head from House property |
|
|
8.914 |
|
|
|
|
|
|
Income and gains of business or profession |
|
|
|
|
|
|
|
|
|
Business 1 : Golden Hatcheries (Wing Mill) |
|
|
|
|
Net Profit Before Tax as per Profit and Loss
Account |
|
(2.605) |
|
|
Add: Inadmissible expenses and income not included |
|
|
|
|
Depreciation debited to
Profit and Loss Account : On Wind
Mill |
|
86.468 |
|
|
Adjusted Profit from Business 1 |
|
83.863 |
|
|
|
|
|
|
|
Business 2 : Golden Hatcheries (Poultry) |
|
|
|
|
Net Profit Before Tax as per Profit and Loss
Account |
|
73.022 |
|
|
Add: Inadmissible expenses and income not included |
|
|
|
|
Depreciation debited to
Profit and Loss Account |
|
29.058 |
|
|
Adjusted Profit from Business 2 |
|
102.080 |
|
|
|
|
|
|
|
Business 3 : Golden Broilers |
|
|
|
|
Net Profit Before Tax as per Profit and Loss
Account |
|
1.064 |
|
|
Add: Inadmissible expenses and income not included |
|
|
|
|
Depreciation debited to
Profit and Loss Account |
|
0.132 |
|
|
Adjusted Profit from Business 3 |
|
1.196 |
|
|
|
|
|
|
|
Business 4 : Golden
Feeds |
|
|
|
|
Net Profit Before Tax as per Profit and Loss
Account |
|
3.707 |
|
|
Add: Inadmissible expenses and income not included |
|
|
|
|
Depreciation debited to Profit
and Loss Account |
|
7.497 |
|
|
Adjusted Profit from Business 4 |
|
11.204 |
|
|
|
|
|
|
|
Business 5 : Golden Fresh |
|
|
|
|
Net Profit Before Tax as per Profit and Loss
Account |
|
4.676 |
|
|
Add: Inadmissible expenses and income not included |
|
|
|
|
Depreciation debited to
Profit and Loss Account |
|
0.107 |
|
|
Adjusted Profit from Business 5 |
|
4.783 |
|
|
|
|
|
|
|
Total Business and profession |
|
203.126 |
|
|
Deprecation |
|
70.884 |
|
|
|
|
|
|
|
Income chargeable under the head Business and profession |
|
|
132.242 |
|
|
|
|
|
|
Income from other sources |
|
|
0.848 |
|
|
|
|
|
|
Total |
|
|
142.004 |
|
Less : Brought forward losses |
|
|
136.895 |
|
|
|
|
|
|
Gross Total Income |
|
|
5.109 |
|
Deductions under chapter VIA |
|
|
0.010 |
|
80TTA – Interest on Saving Bank Account |
|
|
5.099 |
|
|
|
|
|
|
Total Income |
|
|
|
|
Agricultural Income |
|
3.845 |
|
|
Total Income rounded off u/s 288A |
|
|
5.099 |
|
|
|
|
|
|
Tax on Total Income |
|
|
|
|
Add: Education Cess |
|
|
1.454 |
|
Tax with Cess |
|
|
0.044 |
|
Net Tax |
|
|
1.498 |
|
TDS |
|
|
1.498 |
|
Total prepaid Taxes |
|
1.510 |
1.510 |
|
|
|
|
|
|
Refund Due |
|
|
0.012 |
------------------------------------------------------------------------------------------------------------------------------
GOLDEN FRESH
BALANCE SHEET
(RS. IN MILLION)
|
SOURCES
OF FUNDS |
|
|
31.03.2014 |
|
|
1] Capital Account |
|
|
5.988 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.988 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.569 |
|
|
TOTAL
BORROWING |
|
|
0.569 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.557 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.606 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
41.500 |
|
|
Sundry Debtors |
|
|
25.279 |
|
|
Cash & Bank Balances |
|
|
0.089 |
|
|
Other Current Assets |
|
|
4.107 |
|
|
Loans & Advances |
|
|
15.035 |
|
Total Current Assets |
|
|
86.010 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
80.407 |
|
|
Other Current Liabilities and Provisions |
|
|
(0.348) |
|
Total Current Liabilities |
|
|
80.059 |
|
|
Net Current
Assets |
|
|
5.951 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
6.557 |
|
PROFIT AND LOSS
(RS. IN MILLION)
|
|
PARTICULARS |
|
|
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
478.228 |
|
|
Other Income |
|
|
3.931 |
|
|
TOTAL |
|
|
482.159 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
|
461.316 |
|
|
Bank Charges |
|
|
0.169 |
|
|
Electricity and Water
Charges |
|
|
0.003 |
|
|
Petty Cash Advance |
|
|
0.087 |
|
|
Transportation Charges |
|
|
0.249 |
|
|
Discount Allowed |
|
|
0.006 |
|
|
Postage and Courier |
|
|
0.000 |
|
|
Printing Stationery |
|
|
0.073 |
|
|
Rent |
|
|
0.028 |
|
|
Salary |
|
|
2.451 |
|
|
Staff welfare |
|
|
0.008 |
|
|
Travelling and
Conveyance |
|
|
0.005 |
|
|
Vehicle Maintenance |
|
|
0.075 |
|
|
Bad Debt w/off |
|
|
0.313 |
|
|
Direct Expenses |
|
|
12.525 |
|
|
Farm House
Maintenance |
|
|
0.008 |
|
|
TOTAL |
|
|
477.316 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
4.843 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
0.059 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
|
4.784 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.107 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) |
|
|
4.677 |
------------------------------------------------------------------------------------------------------------------------------
GOLDEN
FEEDS
BALANCE SHEET
(RS. IN MILLION)
|
SOURCES OF FUNDS |
|
|
31.03.2014 |
|
|
1] Capital Account |
|
|
36.623 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
36.623 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
53.020 |
|
|
2] Unsecured Loans |
|
|
250.826 |
|
|
TOTAL
BORROWING |
|
|
303.846 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
340.469 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
72.851 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
24.900 |
|
|
Sundry Debtors |
|
|
237.300 |
|
|
Cash & Bank Balances |
|
|
0.886 |
|
|
Other Current Assets |
|
|
6.286 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total Current Assets |
|
|
269.372 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.754 |
|
|
Other Current Liabilities and Provisions |
|
|
0.000 |
|
Total Current Liabilities |
|
|
1.754 |
|
|
Net Current
Assets |
|
|
267.618 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
340.469 |
|
PROFIT AND LOSS ACCOUNT
(RS. IN MILLION)
|
|
PARTICULARS |
|
|
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
670.304 |
|
|
Other Income |
|
|
9.548 |
|
|
TOTAL |
|
|
679.852 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
|
620.519 |
|
|
Direct Expenses |
|
|
34.580 |
|
|
Bank charges |
|
|
0.253 |
|
|
Toll Charges |
|
|
0.449 |
|
|
Pollution Control Mode |
|
|
0.039 |
|
|
Loan Processing Fees |
|
|
0.012 |
|
|
Telephone and Internet
Charge |
|
|
0.018 |
|
|
Computer Maintenance |
|
|
0.022 |
|
|
Labour Charges |
|
|
0.232 |
|
|
Postage and Courier |
|
|
0.003 |
|
|
Printing and Stationery
charges |
|
|
0.047 |
|
|
MIS. Expenses |
|
|
0.942 |
|
|
Generator |
|
|
0.063 |
|
|
Staff Welfare |
|
|
0.894 |
|
|
Travelling Expenses |
|
|
0.021 |
|
|
Vehicle |
|
|
1.304 |
|
|
Donation |
|
|
0.013 |
|
|
Loading and Unloading
Expenses |
|
|
2.683 |
|
|
Repair and Maintenance |
|
|
0.114 |
|
|
Weight Loss on purchase |
|
|
3.224 |
|
|
TOTAL |
|
|
665.432 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
14.420 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
3.217 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
11.203 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
7.497 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) |
|
|
3.706 |
------------------------------------------------------------------------------------------------------------------------------
GOLDEN
BROILERS
BALANCE SHEET
(RS. IN MILLION)
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
1] Capital Account |
36.549 |
35.427 |
26.592 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
36.549 |
35.427 |
26.592 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.569 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
1.390 |
0.000 |
|
|
TOTAL
BORROWING |
0.569 |
1.390 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
37.118 |
36.817 |
26.592 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
24.764 |
24.188 |
23.297 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.496 |
0.728 |
0.009 |
|
|
Sundry Debtors |
10.422 |
5.074 |
0.508 |
|
|
Cash & Bank Balances |
3.901 |
1.507 |
1.013 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
7.011 |
2.390 |
1.000 |
|
Total Current Assets |
21.830 |
9.699 |
2.530 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
9.476 |
(3.149) |
0.000 |
|
|
Other Current Liabilities |
0.000 |
0.219 |
(0.765) |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities |
9.476 |
(2.930) |
(0.765) |
|
|
Net Current
Assets |
12.354 |
12.629 |
3.295 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
37.118 |
36.817 |
26.592 |
|
PROFIT AND LOSS ACCOUNT
(RS. IN MILLION)
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
275.229 |
231.950 |
163.343 |
|
|
Other Income |
0.127 |
0.001 |
0.000 |
|
|
TOTAL |
275.356 |
231.951 |
163.343 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
238.621 |
197.830 |
138.001 |
|
|
Direct Expenses |
15.482 |
25.158 |
17.921 |
|
|
Telephone Charges |
0.014 |
0.013 |
0.013 |
|
|
Bank Charges |
0.009 |
0.007 |
0.003 |
|
|
Printing and Stationery |
0.032 |
0.041 |
0.016 |
|
|
Weight Loss of birds |
14.351 |
0.000 |
0.000 |
|
|
Office Maintenance |
0.859 |
0.062 |
0.015 |
|
|
Discount Allowed |
0.679 |
0.442 |
0.000 |
|
|
Packing Material |
0.113 |
0.153 |
0.063 |
|
|
Misc. Expenses |
0.037 |
0.075 |
0.000 |
|
|
travelling and
Conveyance |
1.379 |
0.000 |
0.073 |
|
|
Machinery Repairs and
Maintenance |
0.011 |
0.007 |
0.132 |
|
|
Vehicle Maintenance |
0.019 |
0.021 |
0.030 |
|
|
staff welfare |
0.751 |
0.379 |
0.457 |
|
|
Building Repairs and
Maintenance |
1.744 |
0.000 |
0.000 |
|
|
Rates and Taxes |
0.000 |
0.003 |
0.000 |
|
|
Labour charges |
0.000 |
0.069 |
0.011 |
|
|
Diesel and Petrol |
0.000 |
0.025 |
0.000 |
|
|
Cages and Cages Service |
0.000 |
0.000 |
0.288 |
|
|
LPG Gases |
0.000 |
0.000 |
0.339 |
|
|
TOTAL |
274.101 |
224.285 |
157.362 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
1.255 |
7.666 |
5.981 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.059 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
1.196 |
7.666 |
5.981 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.132 |
0.031 |
0.036 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) |
1.064 |
7.635 |
5.945 |
------------------------------------------------------------------------------------------------------------------------------
COMPANY
PROFILE
Golden Hatcheries is a Bangalore; India based company, having interest in the Poultry, Feed milling, Renewable Power and Real Estate Sector. The company was started in 1987 and has been in business with more than 2 decades of experience. Mr. Kamal Pasha who is the chairman and the managing director of the firm heads the company.
The company has poultry facilities across the state, with facilities located in prime areas like Kengeri, Rarnnagaram, Doddabalapur and Twnkur. GH also has 2 feed mill factories to produce its own feed. It produces roughly 0.5 million tons of feed every year. The current capacity of its facilities amounts to a total of 0.500 Million birds in brooding, growing and laying stages. The company has been producing its own feed over these 2 decades, and has extensive knowledge on the various aspects of running a feed plant.
GH's focus till now was to sell hatching eggs. It produces over 150000 lakh hatching egg's per day and sells its product across India from Nagaland in the north to kanyakumari in the South. The company's product quality is by far the best in India and the company has an assured list of buyers from various states that are very keen to increase their volume of business with Golden Hatcheries but due to the capacity constraints they are not able to do the same. But to cater to this demand the company has decided to increase its capacity by 0.250 Million birds by adding another - facility near Tavrakere Taluk, Tumkur district.
GH is expanding and is in the process of setting up its own integration units wherein the company will be involved in the prod The chicken produced through integration activity will be processed by the company's Processing plant which has a capacity to process 30000 Kgs on a single shift. The Plant is currently running and caters to the requirement of a number of hotels and retail customers. Along with this the company wants to set up chiller facilities to keep the slaughtered chicken fresh.
The company's promoter Mr Kamal Pasha is a very socially concerned man, back in 1980's he used to give tuitions to poor kids in the evenings at his house, without charging them a single penny. Then in 1987, even though he had done his B.A.L.L.B and could have gone on to become a lawyer he decided to start Golden Hatcheries, one of the major reasons that drove his decision was that the poultry as an occupation provided hundred's of illiterate families an earning to fulfill their needs. Today GH has a direct work force of 450 people at various farms. It indirectly employs about 3000 People for related activities. Most of them are uneducated. Some of the top management in the company heading individual farms are Uneducated. Where on One hand Mr. Kamal Pasha has supported those who are Uneducated, he has made sure that their children go to good English medium schools and turn out to be qualified Kids.
Golden Hatcheries is also into renewable energy, it is one of Karnataka's largest IPP's into private power sales. Mr. Kamal Pasha stated this division in 2010 after his return from Orissa, where he had gone to see a Steel plant. Mr. Pasha's noticed that the steel plant also had a power plant that runs on the waste heat gases and was partly run on coal. Mr. Kamal Pasha was shocked and disturbed by the amount of pollution this plant and a lot other plants were causing in that area. He described everything from the trees, to the houses, to the animals as being black due to the huge pollution caused by the plant.
Once he came back he decided that he would do his bit to reduce the pollution being caused and started the Wind energy division with the model of selling the power generated to private companies. His was the first company in Karnataka to do so. To incentivize the consumers to purchase power from him, he sold the power at a cheaper cost to the consumer, thereby helping them reduce their power cost and indirectly helping them consume green energy.
The first customer of Golden Hatcheries in this business was Intel, However after doing all the agreements their INTEL USA office was not confident about the regulatory framework in India and dropped the idea. Post that Golden Hatcheries tapped Wipro who stated buying a few lakh units in the starting. By the first 6 month wipro had brought more than 10 million units. Due to the financial benefits that they provided Wipro, they asked us to supply as much as they could and thereby they supply Wipro all that they produce that is roughly 35 million units of power as of March 2013 annually. By March 2014 they will be able to produce 65 million units due to the addition of new capacity.
Mr. Pasha is so obsessed with the green initiative that he has invested another 1000 Million in expanding his business during Fy2013. The new wind farm is under construction by ENERCON and will commence operation by May 2013. Golden Hatcheries also plans to invest 1500 Million in the solar field. In this direction the company has acquired the necessary land, has made a project feasibility report and submitted the proposal to the Government of Karnataka to get the necessary licenses and evacuation facilities for the plant.
Energy is very vital for the success story of their county and Hopefully Golden Hatcheries will add a few hundred MW of renewable energy and help reduce a substantial amount of C02, to make the world that thei children will grow up in a safer and better place to live.
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
- Buildings
- Air Conditioner
- Transformer
- Dore well
- Machinery
- Generator
- Water plant
- Wind Turbine
- Fax Machine
- Computer
- Car
- Vehicle
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.66.61 |
|
|
1 |
Rs.102.30 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
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 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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.