MIRA
INFORM REPORT
|
Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALCHEM INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
301, Avalon Apartments, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
03.04.1982 |
|
|
|
|
Com. Reg. No.: |
55-13415 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.25.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1982PLC013415 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA03276A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA2251L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Drugs and Drug Intermediates. |
|
|
|
|
No. of Employees
: |
300 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/ Head Office : |
301, Avalon Apartments, |
|
Tel. No.: |
91-11-26803500/ 004/ 26808420 |
|
Mobile No.: |
91-9899168020 (Ms. Divya Mehta) |
|
Fax No. : |
91-11-26808420/ 31/ 26801170 |
|
E-Mail : |
alchem.intl@elnet.ems.vsnl.net.in
raman.mehta@elnet.ems.vsnl.net.in finance@alcheminternational.com |
|
Website : |
|
|
Area : |
2700 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
25/2, |
|
Tel. No.: |
91-129-4266000 |
|
Fax No.: |
91-129-2307192 |
|
Area : |
12 hectors |
|
Location : |
Rented |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Prabir Sen Gupta |
||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||
|
Address : |
House No. 3294, Sector 3, Ballabgarh, Faridabad-121004, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
15.10.1957 |
||||||||||||||||||||||||
|
Date of Appointment : |
21.06.1989 |
||||||||||||||||||||||||
|
Din No.: |
01331914 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Ramesh Kumar |
||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||
|
Address : |
25/2, Mathura Road, Faridabad-121 003, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
20.06.1954 |
||||||||||||||||||||||||
|
Date of Appointment : |
01.04.1992 |
||||||||||||||||||||||||
|
Din No.: |
01323691 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Mahendra Kumar Bali |
||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
||||||||||||||||||||||||
|
Address : |
A-2, 240, Janakpuri, New Delhi-110 058, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
18.09.1940 |
||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2001 |
||||||||||||||||||||||||
|
Din No.: |
01323703 |
||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Raman Mehta |
|
188679 |
|
Nidhi Mehta |
|
23286 |
|
Bharat Mehta |
|
12964 |
|
Neha Mehta |
|
12500 |
|
Divya Mehta |
|
12500 |
|
Raman Mehta (HUF) |
|
36 |
|
Nidhi Mehta Family Trust, India |
|
36 |
|
|
|
|
|
Total |
|
250001 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Other
top fifty shareholders |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Drugs and Drug Intermediates. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2010]
|
Particulars |
Unit |
Actual
Production |
|
Drugs, drugs intermediates extracts and alkaloids etc. |
Kg. |
73354.913 |
GENERAL INFORMATION
|
No. of Employees : |
300 [Approximately] |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain Chopra and Company Chartered Accountants |
|
Address : |
105, Jyoti Bhavan, Commercial Complex, Mukherjee Nagar, |
|
Tel. No.: |
91-11-27652776/ 27652091 |
|
Fax No.: |
91-11-27650155 |
|
E-Mail : |
|
|
Pan No.: |
AAAFJ3015L |
|
|
|
|
Subsidiaries : |
·
Alchem Phytoceuticals Limited
[U24119DL2006PLC150185] ·
Alchem International (H.K.) Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.100/- each |
Rs.25.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
25.000 |
3.500 |
3.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
555.986 |
564.116 |
534.128 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
580.986 |
567.616 |
537.628 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
622.050 |
726.869 |
451.770 |
|
|
2] Unsecured Loans |
73.363 |
74.746 |
71.793 |
|
|
TOTAL BORROWING |
695.413 |
801.615 |
523.563 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1276.399 |
1369.231 |
1061.191 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
617.898 |
565.039 |
405.159 |
|
|
Advance against Fixed Assets |
15.587
|
8.781
|
1.253 |
|
|
Capital work-in-progress |
146.406 |
4.143 |
2.337 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.987 |
0.987 |
0.987 |
|
|
DEFERREX TAX ASSETS |
6.387 |
7.023 |
7.285 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
795.030
|
1137.771
|
977.485 |
|
|
Sundry Debtors |
219.122
|
176.028
|
224.058 |
|
|
Cash & Bank Balances |
83.913
|
93.779
|
54.002 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
270.256
|
198.516
|
126.461 |
|
Total
Current Assets |
1368.321
|
1606.094
|
1382.006 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
241.154
|
320.802
|
380.081 |
|
|
Other Current Liabilities |
605.710
|
465.622
|
300.701 |
|
|
Provisions |
32.323
|
36.412
|
57.055 |
|
Total
Current Liabilities |
879.187
|
822.836
|
737.837 |
|
|
Net Current Assets |
489.134
|
783.258
|
644.170 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1276.399 |
1369.231 |
1061.191 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1691.241 |
1642.195 |
1503.858 |
|
|
|
Other Income |
8.192 |
11.907 |
6.919 |
|
|
|
TOTAL (A) |
1699.433 |
1654.102 |
1510.777 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
901.071 |
875.031 |
|
|
|
|
Manufacturing Service Costs |
167.466 |
169.767 |
|
|
|
|
Employee Related Expenses |
59.126 |
58.238 |
1296.884 |
|
|
|
Administrative Selling Other Expenses |
369.356 |
352.565 |
|
|
|
|
Research Development Expenditure |
9.986 |
17.121 |
|
|
|
|
Prior Period Items |
(1.239) |
0.040 |
|
|
|
|
TOTAL (B) |
1505.766 |
1472.762 |
1296.884 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
193.667 |
181.340 |
213.893 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
57.834 |
48.750 |
46.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
135.833 |
132.590 |
167.594 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
107.955 |
83.520 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
27.878 |
49.070 |
167.594 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.136 |
18.263 |
116.217 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
17.742 |
30.807 |
51.377 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
354.117 |
324.128 |
273.365 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
4.373 |
0.818 |
0.525 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.089 |
|
|
BALANCE CARRIED
TO THE B/S |
367.486 |
354.117 |
324.128 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
164.804 |
287.614 |
|
|
|
Stores & Spares |
NA |
6.635 |
2.855 |
|
|
|
Capital Goods |
|
0.208 |
0.000 |
|
|
TOTAL IMPORTS |
NA
|
171.647 |
290.469 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
506.91 |
880.21 |
1467.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.04
|
1.86 |
3.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.65
|
2.99 |
11.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.40
|
2.26 |
9.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.09 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.71
|
2.86 |
2.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.95 |
1.87 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
10) Designation of contact person |
No |
|
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 |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
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 |
Yes |
|
30) Major Shareholders, if available |
Yes |
SUBSIDIARY COMPANY
The Company has
two 100 % subsidiary namely Alchem International (H.K.) Limited and Alchem
Phytoceuticals Limited. The Financial Statements of Alchem International
(H.K.)) Limited for the year ended 30th September 2010 along with
reports of Directors and Auditors is enclosed. Since Alchem Phytoceuticals
Limited commences its business on Sixth June Two Thousand Seven and there is no
income for the financial year ended 31st March 2011 hence an expense
of Rs. 0.055 Million has been carry forward as loss resulting into carry
forward of total loss for Rs. 0.297 Million.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80000449 |
|
Corporate
identity number of the company |
U74899DL1982PLC013415 |
|
Name of the
company |
ALCHEM
INTERNATIONAL LIMITED |
|
Address of the registered
office or of the principal place of
business in |
301, Avalon Apartments, |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property Any Interest in
Immovable Property |
|
Particular of
charge holder |
State Bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1,
Tolstoy Marg, New Delhi-110001, India Email: manita.chawla@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
i) Agreement of
Loan for Overall Limit dated 17.02.2012. ii) Agreement of
Hypothecation of Goods and Assets dated17.02.2012. iii) Letter
regarding the grant of individual limits within the Overall Limit dated
17.02.2012. iv) Recital
Enhancement (4 Nos) dated 17.02.2012. |
|
Date of
instrument Creating the charge |
17.02.2012 |
|
Amount secured by
the charge |
Rs.682.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC: At 4.90%
above BR, EPC/FBP/FBD: As applicable under SBI Exporters Gold Card Scheme,
TL-I: At 5.15% above BR, Term Loan-II/Corporate Loan: At 5.40% above BR. Terms of
Repayment WC - Payable on
demand. Term Loan I/II and Corporate Loan is to be repaid as per existing
repayment Schedule. EPC (Peak level
limit) of Rs.200.000 Millions is to be liquidated during the period January
2012 to November 2012. Margin Raw Material
(Domestic/Imported), Stock-in-Process, Finished Goods, Book debts/Receivables
(cover period 90 days) - 25%. Letter of Credit - 10%, Bank Guarantee - 10%.
However, against disputed liability Bank Guarantee, 100% cash margin will be
retained. Extent and
Operation of the charge i) The pari-passu
charge operates till the repayment of all the dues together with interest and
all other charges in respect of credit facilities availed/to be availed by
the company from the bank. ii) Other terms
and conditions as per Arrangement Letter No. SBI/OBND/AMT-VI/2011-12/210
dated 31.01.2012. Others The above is to
secure the credit facilities amounting to Rs. 682.000 Millions i.e. CC - Rs.
85.000 Millions, EPC/FBP/FBD - Rs. 245.000 Millions, EPC (peak level) - Rs.
200.000 Millions, Standby Limit - Rs. 50.000 Millions, Forward Contract - Rs.
2.000 Millions, TL I -Rs. 18.300 Millions, TL II - Rs. 56.800 Millions,
Corporate Loan - Rs. 19.900 Millions, LC/BG - Rs.5.000 Millions 100%
interchangeability between EPC/FBP and FBD as well as one way
interchangeability to the tune of Rs. 60.000 Millions from CC to EPC/FBP/FBD
is allowed. 100%
interchangeability between LC and BG. |
|
Short particulars
of the property charged |
A. SECURITY FOR
SECURING WORKING CAPITAL FACILITIES OF RS.530.000 MILLIONS. Primary Security:
First charge including hypothecation on pari-passu basis with other working
capital lenders on stock of raw material, Stores and
spares, stock in process, finished goods including goods in transit, book debts,
receivables/foreign bill and all other current assets of the company. Collateral
Security : a) First charge on pari- passu basis (incl. EM of the properties)
on residual fixed assets of the company (i.e. excluding those assets which
are exclusively charged to SBI and Financed by way
of term loan) with other Banks in MBA. First pari- passu charge on fixed
assets of the company includes the EM of the following properties: i) Nine Flats i.e.
Flat Nos. 201, 203, 205, 207, 209, 211, 213, 215 and 217 situated at Plot No.
201, Empire Plaza, MG Rd, Sultanpur, New Delhi. ii) H. No. 377,
Sector-16A, Faridabad. iii) H. No. 3294,
Sector-3, Faridabad. iv) 25/2, Main
Mathura Rd, Village Kaili, Ballabhgarh (Flats for workers). v) Industrial
Land and Building at Neemrana, Plot No. SP 2-5, Industrial Area, Neemrana,
Rajasthan. b) First
pari-passu charge over EM of factory land and building consisting 29.70 acres Located at NH-2,
Ballabhgar, Haryana in the name of M/s Aar Pee Corporation. B. SECURITY FOR
SECURING CL/TL OF RS.95.000 MILLIONS. Primary Security:
Exclusive charge over FA financed out of the CL/TLs. Collateral
Security: i) First
pari-passu charge along with other Banks in the MBA over FA of the company
(excluding assets exclusively charged to us and financed by way of our term
loans). ii) 1st exclusive
charge over EM of H. No. 561, Urban Estate, Sec.9, Faridabad (Owned by Ms.
Nidhi Mehta) iii) 2nd charge
over the entire current assets of the company including receivables. |
|
Date of latest
modification prior to the present modification |
11.02.2011 |
|
Particulars of
the present modification |
The extent and operation
of charge stands reduced from Rs. 964.300 Millions to Rs. 682.000 Millions.
The revised credit facilities are
secured by : a) WC :1st P/P charge on entire C/A incl. receivables and 1st
P/P charge over residual F/A of the co. incl. EM of immovable properties b)
TL/CL : Exclusive charge over F/A financed out of the TL/CL and 1st P/P
charge over residual F/A of the co. and 2nd charge on entire C/A incl. |
FIXED ASSETS:
- Land
- Lab Apparatus
- Computer Accessories
- Road Development
- Electrical Fittings and Equipments
- Machinery and Equipments
- Air Conditioner
- Vehicles
- Office Equipments
- Pollution Treatment Plant
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.54.87 |
|
|
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
50 |
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.