|
|
|
MIRA INFORM REPORT
|
Report No. : |
492476 |
|
Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
AGT FOODS INDIA PRIVATE LIMITED (w.e.f. 08.10.2015) |
|
|
|
|
Formerly Known
As : |
ALLIANCE GRAIN TRADERS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
401-D, Fourth Floor, Opposite Asian Paints L.B.S. Marg, Bhandup (West),
Mumbai-400078, Maharashtra |
|
Tel. No.: |
91-22-25950017/ 16 |
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|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
23.08.2011 |
|
|
|
|
Com. Reg. No.: |
11-221126 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 1.179 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2011PTC221126 |
|
|
|
|
IEC No.: |
0312019882 |
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|
|
GST No.: |
27AAJCA7987L1ZS |
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TIN No.: |
27675256931 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAJCA7987L |
|
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Grains and Pulses. [Registered Activity] |
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No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a owned subsidiary of “Alliance Grain Traders Inc, The
company was incorporated in the year 2011. Management has failed to file its financials with Registrar of
Companies for the FY 2017. For the FY 2016, there has been minimal decreased in its revenue by
0.29% but has managed to maintain low profit margin of 0.85%. The sound financial profile of the company is marked by adequate
networth base along with strong debt coverage indicators due to low debt
balance sheet profile. Rating takes into account of strong financial and managerial support
that company receives from its holding entity backed by its well experienced
management team. However, rating is constrained on account of absence of latest
financials. Business is active. Payments seems to be usually correct. In view of aforesaid, 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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 16.02.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-22-61470470]
Given number [91-22-25950016/ 25950017] not exist
LOCATIONS
|
Registered Office : |
401-D, Fourth Floor, Opposite Asian Paints L.B.S. Marg, Bhandup
(West), Mumbai-400078, Maharashtra, India |
|
Tel. No.: |
91-22-61470470 |
|
Fax No.: |
91-22-25950018 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Murad Ahmed Al Katib |
|
Designation : |
Director |
|
Address : |
2132 Wascana Greens, Regina Saskatchewan, Canada, S4V2K9 |
|
Date of Birth/Age : |
08.10.1972 |
|
Qualification : |
MBA,
International |
|
Date of Appointment : |
23.08.2011 |
|
DIN No.: |
03531129 |
|
|
|
|
Name : |
Mr. Gaetan Michael Bourassa |
|
Designation : |
Director |
|
Address : |
6406, 7TH Ave N, Regina, Canada, SKS4T7H1 |
|
Date of Appointment : |
26.03.2012 |
|
DIN No.: |
05235590 |
|
|
|
|
Name : |
Mr. Ajay Kumar Jain |
|
Designation : |
Director |
|
Address : |
B-1001 Runwal Heights, LBS Marg, Opposite Nirmal Lifestyle,
Mulund-400080, Maharashtra, India |
|
Date of Birth/Age : |
22.07.1975 |
|
Qualification : |
B.
Com |
|
Date of Appointment : |
30.03.2013 |
|
PAN No.: |
AACPD4787D |
|
DIN No.: |
06567623 |
|
|
|
|
Name : |
Mr. Mohamed Babiker Makki Medani |
|
Designation : |
Director |
|
Address : |
Egricam Mah. 12. C. Doktoroglu Sitesi, A. Blok No: 2 K: 10 D:19
Merkezi Yenisehir, Mersin, 3316045, Sudan |
|
Date of Appointment : |
02.02.2015 |
|
DIN No.: |
07028601 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2016
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
AGT Foods Ingredients INC |
117910 |
100.00 |
|
Alliance Grain Traders Switzerland SA |
1 |
0.00 |
|
|
|
|
|
Total |
117911 |
100.00 |
AS ON 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters
- Body corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Grains and Pulses. [Registered Activity] |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABL)
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 : |
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Auditors : |
|
|
Name : |
SRD
and Company Chartered Accountants |
|
Address : |
503, Bhavya Plaza, 5th
Road, Khar (West), Mumbai-400052, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACPD4787D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
AGT Food and Ingredients INC, Canada |
|
|
|
|
Associates : |
· Arbel Bakliyat Hububat Sanayi VE Ticaret Anonim Sirketi · Alliance Grain Traders (Switzerland) · Vardhman Industries · AGT Foods Australia PTY Ltd · AGT Foods Canada · AGT Foods & Ingredients (Tianjin) Co Limited |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
INR 10/- each |
INR 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
117911 |
Equity Shares |
INR 10/- each |
INR 1.179 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.179 |
1.179 |
1.179 |
|
(b) Reserves and Surplus |
210.095 |
155.729 |
58.779 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
211.274 |
156.908 |
59.958 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
202.731 |
0.000 |
0.000 |
|
(b) Trade
payables |
553.124 |
233.602 |
245.037 |
|
(c) Other
current liabilities |
1750.236 |
429.108 |
305.647 |
|
(d) Short-term
provisions |
111.063 |
82.314 |
26.640 |
|
Total Current
Liabilities (4) |
2617.154 |
745.024 |
577.324 |
|
|
|
|
|
|
TOTAL |
2828.428 |
901.932 |
637.282 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
17.782 |
4.224 |
4.750 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.084 |
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) |
1.226 |
0.464 |
0.185 |
|
(d)
Long-term
loans and advances |
2.906 |
19.291 |
0.501 |
|
(e) Other Non-current
assets |
7.184 |
4.309 |
9.468 |
|
Total Non-Current
Assets |
29.098 |
28.372 |
14.904 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1386.886 |
268.644 |
197.624 |
|
(c) Trade receivables |
422.105 |
250.371 |
354.780 |
|
(d) Cash and bank
balances |
32.308 |
188.316 |
20.118 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
958.031 |
166.229 |
49.856 |
|
Total
Current Assets |
2799.330 |
873.560 |
622.378 |
|
|
|
|
|
|
TOTAL |
2828.428 |
901.932 |
637.282 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
6417.983 |
6436.675 |
3530.064 |
|
|
Other Income |
22.483 |
31.153 |
34.573 |
|
|
TOTAL (A) |
6440.466 |
6467.828 |
3564.637 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
6920.467 |
5598.267 |
3184.362 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1118.243) |
(71.019) |
(152.205) |
|
|
Employee benefit expense |
17.449 |
13.729 |
1.452 |
|
|
Other expenses |
526.712 |
771.257 |
445.886 |
|
|
TOTAL (B) |
6346.385 |
6312.234 |
3479.495 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
94.081 |
155.594 |
85.142 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.823 |
1.938 |
1.814 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
87.258 |
153.656 |
83.328 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.654 |
1.973 |
1.844 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
82.604 |
151.683 |
81.484 |
|
|
|
|
|
|
|
Less |
TAX (H) |
28.237 |
54.734 |
26.549 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
54.367 |
96.949 |
54.935 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
461.00 |
822.00 |
474.23 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(90.852) |
277.926 |
81.484 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(169.236) |
185.298 |
81.484 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
24.01 |
14.20 |
36.68 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
15.20 |
25.71 |
9.95 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
29.17 |
15.23 |
28.09 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.07 |
0.58 |
0.43 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
5.29 |
36.12 |
17.92 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.93 |
0.83 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.96 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
12.39 |
4.75 |
9.63 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.08 |
0.03 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
13.79 |
80.29 |
46.94 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.85 |
1.51 |
1.56 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.92 |
10.75 |
8.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
25.73 |
61.79 |
91.62 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.07 |
1.17 |
1.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.54 |
0.81 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.07 |
0.17 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
171.95 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.07 |
1.17 |
1.08 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1.179 |
1.179 |
1.179 |
|
Reserves & Surplus |
58.779 |
155.729 |
210.095 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
59.958 |
156.908 |
211.274 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
202.731 |
|
Total
borrowings |
0.000 |
0.000 |
202.731 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.960 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3530.064 |
6436.675 |
6417.983 |
|
|
|
82.339 |
(0.290) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3530.064 |
6436.675 |
6417.983 |
|
Profit/ (Loss) |
54.935 |
96.949 |
54.367 |
|
|
1.56
% |
1.51
% |
0.85
% |
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 |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
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 |
No |
|
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
REVIEW OF BUSINESS OPERATIONS AND FUTURE
PROSPECTS
During the year, the
company has achieved significant growth in business with turnover of INR
6436.600 Million as against turnover of INR 3538.500 Million in the previous
year. Profit before tax increased to INR 151.700 Million vis a vis INR 81.500
Million in the previous year. After providing for tax of INR 55.000 Million
(INR 26.500 Million) and writing back deferred tax of INR 0.300 Million (Pr.
Yr. Deferred Tax Provision of INR 16116/- only) Net Profit of INR 96.900
Million is carried forward to balance sheet.
During the year, the company recorded turnover of INR 6417.900 Million as against turnover of INR 6436.600 Million in the previous year. Profit before tax decreased to 82.600 Million vis a vis INR 151.600 Million in the previous year. After providing for tax of INR 29.000 Million (INR 55.000 Million) and writing back deferred tax of INR 0.700 Million, the Company recorded a Net Profit of INR 54.300 Million during the year.
CORPORATE INFORMATION
Subject was incorporated in August 2011.The company commenced its operation in January 2013.The company is engaged in the business of trading of grains and pulses. The name of the Company has been changed to "AGT Foods India Private Limited" from "Allaince Grain Traders (India) Private Limited" with effect from October 8, 2015.
FIXED ASSETS:
Tangible Assets
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 records 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
|
INR |
|
US Dollar |
1 |
INR 63.92 |
|
|
1 |
INR 89.55 |
|
Euro |
1 |
INR 79.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.