MIRA
INFORM REPORT
|
Report Date : |
08.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
BECTOCHEM CONSULTANTS AND ENGINEERS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
201, Ashok House,
|
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
21.05.2002 |
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Com. Reg. No.: |
11-135950 |
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Capital
Investment / Paid-up Capital : |
Rs.30.000 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U29297MH2002PTC135950 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB11166B |
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PAN No.: [Permanent Account No.] |
AABCB7908G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer,
Trader, Exporter and Importer of Pharma Machines. |
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No. of Employees
: |
170 (Approximately) [In Office 20, 150 In Factory] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 420000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The
management have fail to file its financial for the year 2010-2011, 2011-2012
with the government department. However, from the previous year record company seems to be having
satisfactory track. Trade relations are reported to be fair. Business is
active. Payments are unknown. The company can be considered for business dealings with some
cautions. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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
31-03-2012.
INFORMATION PARTED BY (Financial Details)
|
Name : |
Mr. Piyush |
|
Designation : |
Finance Head |
|
Contact No.: |
91-22-40785838 |
|
Date : |
07.12.2012 |
LOCATIONS
|
Registered Office : |
201, Ashok House,
|
|
Tel. No.: |
91-22-28500008 |
|
Fax No.: |
91-22-28506785 |
|
E-Mail : |
|
|
Website : |
www.bectochem.com
|
|
Area : |
1500 sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
5C / 204, Mittal Industrial
Estate, Andheri – Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra,
India |
|
Tel. No.: |
91-22-28500008 /
2400 / 0057 |
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Fax No.: |
91-22-28506785 |
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E-Mail : |
|
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Website : |
www.bectochem.com
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|
Area : |
1000 Sq. ft. |
|
Location : |
Rented |
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Factory 1 : |
Plot No. 4906/
15, GIDC Inustrial Estate Ankleshwar, District Bharuch, Ankleshwar – 393002,
Gujarat, India |
|
Tel. No.: |
91-2646-221757/
222444 |
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Fax No.: |
91-2646-222444 |
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E-Mail : |
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Area: |
46,000 Sq. ft. |
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Factory 2 : |
Plot No. 80, PCNTDA, Bhosari, Pune -
411026, Maharashtra, India |
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Tel No. : |
91-20-30781208/ 1210 |
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Fax No. : |
91-20-30781209 |
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E-Mail : |
DIRECTORS
AS ON 27.09.2010
|
Name : |
Mr. Rajendra
Mohan Bector |
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Designation : |
Director |
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Address : |
201, Ashok House,
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Date of Birth/Age : |
10.10.1936 |
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Qualification : |
BE |
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Experience : |
50 Years |
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Date of Appointment : |
21.05.2002 |
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DIN No.: |
01041746 |
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Other
Directorship :
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Name : |
Mr. Prem
Rajendramohan Bector |
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Designation : |
Director |
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Address : |
201, Ashok House,
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Date of Birth/Age : |
05.08.1938 |
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Date of Appointment : |
21.05.2002 |
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Name : |
Mrs. Sangeeta
Alok Bector |
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Designation : |
Director |
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|
Address : |
201, Ashok House,
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Date of Birth/Age : |
11.09.1963 |
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Qualification : |
MBA |
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Experience : |
23 Years |
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Date of Appointment : |
21.05.2002 |
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DIN No.: |
01041749 |
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Other
Directorship :
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|
Name : |
Mr. Alok
Rajendramohan Bector |
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Designation : |
Director |
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|
Address : |
201, Ashok House,
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Date of Birth/Age : |
15.04.1964 |
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Qualification : |
B Com |
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Experience : |
25 Years |
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Date of Appointment : |
21.05.2002 |
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DIN No.: |
02294385 |
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Other
Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Piyush |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2010
|
Names of Shareholders |
No. of Shares |
|
Rajendra Bector Karta and Representative of
R. M. Bector HUF |
225000 |
|
Prem
Rajendramohan Bector |
825000 |
|
Sangeeta Alok
Bector |
240000 |
|
R. M. Bector |
1065000 |
|
Alok
Rajendramohan Bector |
615000 |
|
Mona Sanjiv Kalra
|
15000 |
|
Sunanda Rajesh
Varma |
15000 |
|
Total |
3000000 |
AS ON 27.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Trader, Exporter and Importer of Pharma Machines. |
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|
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Products : |
Granulation Line: Ø
Vibro
Sifter Ø
Auto
Coater Ø
Coating
Pan Ø
Paste
Kettle Ø
Fluid
Bed Dryer Ø
Multi
Mill Ø
Co –
Mill Ø
Double
Clone Blender Ø
Octogonal
Blender Ø
Tri
Motion Blender Ø
Fix
and Mobile Loader Ø
Washing
Systems Ointment Line: Ø
Oinment
Mixer Ø
Homogenizer Ø
Storage Liquid Line: Ø
Mixing
Tank Ø
Storage
Tank
|
GENERAL INFORMATION
|
Customers : |
Ø
Cipla Ø
Glenmark Ø
NATCO Ø
USV Ø
SANDOZ Ø
Alchem Ø
RESMED Ø
TARO Ø
M&B Ø
APPL Ø
Hindustan
Unilever Limited Ø
Cadila
Pharmaceuticals Limited Ø
Ranbaxy
Laboratories Limited Ø
Alchem Ø
USV Ø
Reliance
Life Sciences |
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No. of Employees : |
170 (Approximately) [In Office 20, 150 In Factory] |
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Bankers : |
Ø
State
Bank of India, Industrial Finance Branch, Sakinaka, Mumbai – 400072,
Maharashtra, India Ø
Navsarjan
Industrial Co-operative Bank Limited Ø
HDFC
Bank, HDFC Bank House Senapati Bapat Marg, Lower Parel, Mumbai-400013,
Maharashtra, India Ø Bank of Baroda Ø ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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|
Financial Institution : |
Ø Reliance Capital
Limited Ø Kotak Mahindra Primus
Limited |
|
|
|
|
Auditors : |
|
|
Name : |
Pankaj A Shah and
Company Chartered
Accountants |
|
Address : |
3/1225-L,
Narjivan Commercial Premises, Co-operative Society Limited, Lamington Road,
Mumbai – 400008, Maharashtra, India |
|
Tel. No.: |
91-22-23074148 |
|
Income-tax
PAN of auditor or auditor's firm : |
ABEPS6263J |
|
|
|
|
Subsidiary &
Associate : |
Ø
Aahan
Engineers Private Limited [U29259MH1988PTC047853] |
|
|
|
|
Associates : |
Ø
R. A. Engineers Ø
Bectochem
Organics |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000
Millions |
|
|
|
|
|
Note:
Out of above shares
1000000 shares are allotted as fully paid up shares by way of bonus shares,
previous year
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.000 |
30.000 |
30.000 |
|
|
2] Share Application Money |
10.000 |
10.000 |
10.000 |
|
|
3] Reserves & Surplus |
64.296 |
52.164 |
34.135 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
104.296 |
92.164 |
74.135 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
30.728 |
11.331 |
33.447 |
|
|
2] Unsecured Loans |
22.166 |
13.059 |
8.507 |
|
|
TOTAL BORROWING |
52.894 |
24.390 |
41.954 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.092 |
0.139 |
|
|
|
|
|
|
|
|
TOTAL |
157.190 |
116.646 |
116.228 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
37.124 |
40.109 |
40.649 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
15.338 |
15.338 |
15.338 |
|
|
DEFERREX TAX ASSETS |
0.287 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
122.329
|
46.582 |
44.835
|
|
|
Sundry Debtors |
124.159
|
136.011 |
129.151
|
|
|
Cash & Bank Balances |
2.648
|
3.939 |
12.217
|
|
|
Other Current Assets |
0.000 |
0.000 |
0.000
|
|
|
Loans & Advances |
31.544
|
67.425 |
56.342
|
|
Total
Current Assets |
280.680
|
253.957 |
242.545
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
137.615
|
114.923 |
110.549 |
|
|
Other Current Liabilities |
38.029
|
46.265 |
48.290
|
|
|
Provisions |
0.690
|
31.711 |
23.653
|
|
Total
Current Liabilities |
176.334
|
192.899 |
182.492
|
|
|
Net Current Assets |
104.346
|
61.058 |
60.053
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.095 |
0.141 |
0.188 |
|
|
|
|
|
|
|
|
TOTAL |
157.190 |
116.646 |
116.228 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL (A) |
434.924 |
510.458 |
526.179 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
TOTAL (B) |
397.924 |
468.227 |
483.082 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
37.000 |
42.231 |
43.097 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.640 |
6.000 |
6.780 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.360 |
36.231 |
36.317 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.755 |
6.834 |
6.288 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
19.605 |
29.397 |
30.029 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.753 |
11.282 |
10.460 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
12.852 |
18.115 |
19.569 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
52.164 |
34.135 |
14.566 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
0.720 |
0.086 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
64.296 |
52.164 |
34.135 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
46.112 |
53.922 |
103.288 |
|
|
|
|
|
|
|
|
|
|
C.I.F. VALUE OF IMPORT |
14.925 |
13.925 |
13.974 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.28 |
6.04 |
10.00 |
|
|
Particulars |
|
31.03.2012 |
31.03.2011 |
|
Sales Turnover (Approximately) |
|
700.000 |
600.000 |
|
|
|
|
|
Expected Sales ( 2012-2013 ) : Rs. 800.000 Millions
The above information has been parted by Mr. Piyush (Finance Head)
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.95
|
3.55 |
3.72
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.17
|
10.00 |
10.60
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.32 |
0.41
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.20
|
2.36 |
3.03
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.59
|
1.32 |
1.33
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming financial
year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29297MH2002PTC135950 |
|
Name of the
company |
BECTOCHEM
CONSULTANTS AND ENGINEERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
201, Ashok House,
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10117560 |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
HDFC Bank, HDFC Bank House Senapati Bapat Marg, Lower
Parel, Mumbai-400013, |
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
Letter of Hypothecation. |
|
Date of
instrument Creating the charge |
16.10.2010 |
|
Amount secured by
the charge |
Rs.110.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment On Demand Margin As may be
stipulated by the Bank from time to time. Extent and
Operation of the charge Hypothecation by way
of First Charge on Company's Stock in Trade, Book Debts, etc, to secure as a continuing security as
mentioned in Column No.15 below for the repayment of Rs.110.000 millions
together with interest, costs, charges, expenses and other moneys due and
payable by the Company to the Bank. |
|
Short particulars
of the property charged |
Stock in Trade,
consisting of raw materials, goods in process of manufacturing finished
goods, and other merchandise whatsoever being movable properties All the debts,
that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts,
guarantees, and rights |
|
Particulars of
the present modification |
The Charge shall
now stand increased from Rs.100.000 millions to Rs.110.000 millions, against
the security of Stock in Trade, Book Debts of the Company |
CONTINGENT LIABILITIES:
(a) Estimated
Value of Contract remaining to be executed on Capital Account and not provided
for - NIL.
(b) Guarantee Furnished by Bankers Rs.23.384 Millions
Guarantee
Furnished by Company to Bankers for the Loan procured by associates concern
Rs.42.500 Millions
Guarantee
Furnished by Company to Bankers for the Personal Loan procured by the Directors
Rs.16.000 Millions
(c ) Claims against the Company not acknowledged as Debts - NIL.
Fixed Assets:
Ø
Computer
Ø
Factory
Premises
Ø
Furniture
and Fixture
Ø
Motor
Car
Ø
Plant
and Machinery
Ø
Fax
Machine
Ø
Xerox
Machine
Ø
Gala
No. 204/205
Ø
Vacuum
cleaner
Ø
Typewriter
Ø
Cranes
Ø
Cycle
Ø
Generator
Ø
Motor
Bike
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 54.02 |
|
|
1 |
Rs. 87.00 |
|
Euro |
1 |
Rs. 70.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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.