|
Report Date : |
27.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
AGOG PHARMA LIMITED |
|
|
|
|
Registered
Office : |
Plot No.33, Sector-II, The Vasai Taluka Industrial Co-Operative Estate
Limited, Gauripada, Vasai (East), Thane-401208, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.12.1990 |
|
|
|
|
Com. Reg. No.: |
11-059515 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.31.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1990PLC059515 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and Exporter of Tablets, Liquid Orals, Capsules and Dry
Syrup formulation |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 220000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The reserve
of the company appears to insufficient. However, trade relations are reported
to be fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
|
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.
LOCATIONS
|
Registered Office / Factory : |
Plot No.33, Sector-II, The Vasai Taluka Industrial Co-Operative Estate
Limited, Gauripada, Vasai (East), Thane-401208, |
|
Tel. No.: |
91-95250-2455801 / 2452714 / 2453525 |
|
Fax No.: |
91-250-2452074 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Aziz Abdulhamid Damani |
|
Designation : |
Managing Director |
|
Address : |
Plot No.41/42, |
|
Date of Birth/Age : |
12.05.1939 |
|
Date of Appointment : |
20.06.2005 |
|
DIN No.: |
00326536 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24230MH1990PLC059515 |
AGOG
PHARMA LIMITED |
Managing
director |
01/04/2010 |
20/06/2005 |
Active |
NO |
|
Name : |
Ms. Shenaz Aziz Damani |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.41/42, |
|
Date of Birth/Age : |
07.08.1955 |
|
Date of Appointment : |
02.06.2006 |
|
DIN No.: |
00326523 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24230MH1990PLC059515 |
AGOG
PHARMA LIMITED |
Whole-time
director |
01/04/2010 |
02/06/2006 |
Active |
NO |
|
Name : |
Mr. Anilkumar Anirudh Pandey |
|
Designation : |
Whole Time Director |
|
Address : |
603-B, Silver Presidency, Sector II, Charkop, Kandivali (West),
Mumbai-400067, |
|
Date of Birth/Age : |
29.08.1965 |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00326828 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24230MH1990PLC059515 |
AGOG
PHARMA LIMITED |
Whole-time
director |
28/03/2006 |
30/09/2005 |
Active |
NO |
|
2 |
U51397MH2007PTC169185 |
MEDLIVE
PHARMA PRIVATE LIMITED |
Director |
26/03/2007 |
26/03/2007 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Aziz Abdulhamid Damani |
2500000 |
|
Shenaz Aziz Damani |
499970 |
|
Anilkumar Anirudh Pandey |
150010 |
|
Meera Anilkumar Pandey |
5 |
|
Anirudh Chandrapati Pandey |
5 |
|
Kamla Anirudh Pandey |
5 |
|
Anamika Anilkumar Pandey |
5 |
|
TOTAL
|
3150000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Exporter of Tablets, Liquid Orals, Capsules and Dry
Syrup formulation |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
·
Dr. Reddy’s Laboratories Limited ·
Themis Medicare Limited ·
Ferring Pharmaceutical Private Limited ·
Strides Arcolab Limited ·
Brihanmumbai Municipal Corporation ·
Gittoes Pharmaceuticals Limited ·
City Mega-Chem Limited ·
Sungold Pharmaceutical ·
Rock Chemists Limited ·
Life Serve Private Limited |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
No. of Employees : |
Not Available |
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|
Bankers : |
·
State Bank of |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S K Shetty and Associates Chartered Accountant |
|
Address : |
D-101, |
|
Tel. No.: |
91-22-28799325 |
|
Fax No.: |
91-22-28799326 |
|
E-Mail : |
|
|
PAN No.: |
AALFS5141D |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3150000 |
Equity Shares |
Rs.10/- each |
Rs. 31.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3150000 |
Equity Shares |
Rs.10/- each |
Rs. 31.500
Millions |
|
|
|
|
|
NOTES
(a)
Reconciliation of the number of shares and amount outstanding
at the beginning and at the end of the reporting period:
|
Particulars |
AS At 31 March,
2012 |
|
|
Equity shares with voting rights |
Number of Shares |
Amount in
Millions |
|
As at the begging of the year |
3,150,000.00 |
31.500 |
|
As at the end of the year |
3,150,000.00 |
31.500 |
(b)
Details of shares held by each shareholder holding
more than 5% shares
|
Name of
Shareholder |
AS At 31 March,
2012 |
|
|
Number of Shares |
% of Holding |
|
|
Equity shares of Rs.10/- each |
|
|
|
Damani Abdulhamid Aziz |
2,500,000.00 |
79.36 |
|
Damani Aziz Shenaz |
499,970.00 |
15.87 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
31.500 |
31.500 |
30.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
25.427 |
17.180 |
11.095 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
56.927 |
48.680 |
41.095 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
35.253 |
25.933 |
11.415 |
|
|
2] Unsecured Loans |
13.893 |
13.893 |
7.808 |
|
|
TOTAL BORROWING |
49.146 |
39.826 |
19.223 |
|
|
DEFERRED TAX LIABILITIES |
2.138 |
1.302 |
1.357 |
|
|
|
|
|
|
|
|
TOTAL |
108.211 |
89.808 |
61.675 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
64.101 |
43.121 |
38.031 |
|
|
Capital work-in-progress |
0.000 |
22.197 |
0.947 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.050 |
0.050 |
0.050 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.047
|
33.621 |
16.508 |
|
|
Sundry Debtors |
125.831
|
64.061 |
66.755 |
|
|
Cash & Bank Balances |
2.633
|
2.029 |
15.395 |
|
|
Other Current Assets |
6.542
|
10.634 |
0.000 |
|
|
Loans & Advances |
57.438
|
34.979 |
17.166 |
|
Total
Current Assets |
217.491
|
145.324 |
115.824 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
151.186
|
106.913 |
91.352 |
|
|
Other Current Liabilities |
20.875
|
12.709 |
0.000 |
|
|
Provisions |
1.370
|
1.262 |
1.825 |
|
Total
Current Liabilities |
173.431
|
120.884 |
93.177 |
|
|
Net Current Assets |
44.060
|
24.440 |
22.647 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
108.211 |
89.808 |
61.675 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
379.835 |
274.250 |
277.906 |
|
|
|
Other Income |
6.661 |
0.433 |
13.531 |
|
|
|
TOTAL (A) |
386.496 |
274.683 |
291.437 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost o Material Consumed |
291.331 |
231.200 |
236.842 |
|
|
|
Employee benefits expense |
12.268 |
9.765 |
0.000 |
|
|
|
Other expenses |
47.666 |
29.007 |
0.000 |
|
|
|
Direct Expenses |
0.000 |
0.000 |
27.799 |
|
|
|
Office Admn, Selling and Distribution expenses |
0.000 |
0.000 |
11.020 |
|
|
|
Changes in Inventories of finished goods, work in progress and stock
in trade |
8.735 |
(11.401) |
(3.566) |
|
|
|
TOTAL (B) |
360.000 |
258.571 |
272.095 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
26.496 |
16.112 |
19.342 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.330 |
2.047 |
1.824 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20.166 |
14.065 |
17.518 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.166 |
5.035 |
4.815 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
12.000 |
9.030 |
12.703 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.753 |
2.944 |
2.244 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
8.247 |
6.086 |
10.459 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
0.482 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
10.941 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
346.021 |
248.404 |
NA |
|
|
|
Freight Included In The Above Export |
14.545 |
0.310 |
NA |
|
|
|
Insurance charges included in above export |
0.400 |
0.000 |
NA |
|
|
TOTAL EARNINGS |
360.966 |
248.714 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
47.349 |
26.681 |
NA |
|
|
|
Capital Goods |
0.737 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
48.086 |
26.681 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.62 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.13
|
2.22 |
3.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.16
|
3.29 |
4.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.26
|
4.79 |
8.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.19 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.95
|
3.33 |
2.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.20 |
1.24 |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
|
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 |
NOTE
Registered office has been shifted from A-21, New Empire Industrial
Estate,
FORM 8
|
Corporate
identity number of the company |
U24230MH1990PLC059515 |
|
Name of the
company |
AGOG PHARMA
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No.33, Sector-II, The Vasai Taluka Industrial Co-Operative Estate
Limited, Gauripada, Vasai (East), Thane-401208, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10085418 |
|
Type of charge |
·
Immovable
property |
|
Particular of charge
holder |
State Bank of |
|
Nature of
instrument creating charge |
No instrument was
executed. Charge created by equitable mortgage by way of deposit of title deeds
by constructive delivery. |
|
Date of
instrument Creating the charge |
14.02.2012 |
|
Amount secured by
the charge |
Rs. 94.600
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Not applicable Terms of repayment Not applicable Margin Not applicable Extent and operation of the charge Security created
to cover the principal amount together with interest, fees, commission,
costs, charges and expenses including the legal costs. |
|
Short particulars
of the property charged (Including location of the property) |
Immovable
property being Survey No.42, Hissa No.01, Plot No.33, Sector II, admeasuring
904 sq. mtrs., Village Bilalpada, Taluka Vasai, District Thane |
|
Date of instrument
modifying the charge |
14.02.2012 |
|
Particulars of
the present modification |
Charge over
immovable property is extended to secure the enhanced credit facilities
aggregating Rs.94.600 Millions. |
FIXED ASSETS
·
·
Computer
·
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Electricity Installation
·
Goodwill
·
Software
WEBSITE DETAILS
PROFILE
Subject consists of a team of individuals with an ' EAGERNESS ' to produce superior quality medicines
through setting of goals and objectives, along with prompt delivery schedules.
They seek continuous upgrading of quality, focusing on customer satisfaction
and Health care requirements of society.
They
at Agog realize the need to assist and co-operate with the rest of the pharma
industry In providing our nation with a tomorrow which is healthier and
stronger.
Subject
is a professionally managed pharmaceutical company manufacturing Tablets,
Liquid Orals, Capsules and Dry Syrup formulations, at Vasai, Dist. Thane,
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.55.69 |
|
|
1 |
Rs.89.19 |
|
Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
33 |
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.