|
Report Date : |
28.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
ROSELABS BIOSCIENCE LIMITED |
|
|
|
|
Formerly Known
As : |
ROSELABS BIOSCIENCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 253, N.H.8, Opposite Kerala, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.01.2010 |
|
|
|
|
Com. Reg. No.: |
04-059109 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.128.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24290GJ2010PTC059109 |
|
|
|
|
Legal Form : |
A Closely Held Public
Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pre-Filled Syringes. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Recently Commenced Business Activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having moderate track. Even though the company
was incorporated during January 2010, it has recently commenced its business
activities in September 2012. Networth appears to be good. Business is active. Payments are reported
to be unknown. Initially, the company can be considered for business dealings on a
safe and secured 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 – 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 : |
Survey No. 253, N.H.8, Opposite Kerala, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9727705334 [Mr. Sharma] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office: |
3rd Floor, Kateria Arcade, Near Adhani Vidya Mandir,
Ahmedabad, |
|
Tel No.: |
91-79-22162529/66301529 |
|
Fax No.: |
91-79-22166730 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Pawankumar Trilokchand Agarwal |
|
Designation : |
Director |
|
Address : |
B-21, Akash Opposite Premchand Nagar, |
|
Date of Birth/Age : |
30.03.1963 |
|
Date of Appointment : |
06.01.2010 |
|
DIN No.: |
00015921 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L24230GJ1992PLC017592 |
ROSELABS
INDUSTRIES LIMITED |
Managing
director |
08/05/1992 |
08/05/1992 |
15/05/2010 |
Active |
NO |
|
2 |
L67120GJ1995PLC024070 |
ROSELABS
FINANCE LIMITED |
Director |
04/01/1995 |
04/01/1995 |
30/09/2008 |
Active |
NO |
|
3 |
L51909GJ1995PLC024905 |
ROSELABS
LIMITED |
Managing
director |
30/09/2010 |
03/04/1995 |
- |
Active |
NO |
|
4 |
U24290GJ2010PLC059109 |
ROSELABS
BIOSCIENCE LIMITED |
Director |
06/01/2010 |
06/01/2010 |
- |
Active |
NO |
|
5 |
U24231GJ2003PTC043336 |
ROSELABS
HEALTHCARE PRIVATE LIMITED |
Director |
01/03/2010 |
01/03/2010 |
- |
Active |
NO |
|
6 |
U65922WB1989PTC047242 |
GOPALKA
MOTOR INVESTO PRIVATE LIMITED |
Director |
11/03/2010 |
11/03/2010 |
- |
Active |
NO |
|
7 |
U93000GJ2008PTC053106 |
GOPAL
LALJI CORPORATE CONSULTANTS PRIVATE LIMITED |
Additional
director |
07/11/2011 |
20/05/2010 |
- |
Active |
NO |
|
8 |
U24297GJ2008PTC053117 |
ROHINI
CHEM-TECH PRIVATE LIMITED |
Additional
director |
07/11/2011 |
05/08/2010 |
- |
Active |
NO |
|
9 |
U25209GJ2011PLC064863 |
ROSELABS
POLYMERS LIMITED |
Director |
11/04/2011 |
11/04/2011 |
- |
Active |
NO |
|
10 |
U51909WB2010PTC150690 |
PUSHPDANT
COMMOTRADE PRIVATE LIMITED |
Director |
19/12/2011 |
19/12/2011 |
- |
Active |
NO |
|
11 |
U51101GJ2012PTC072116 |
ZED
TRADELINK PRIVATE LIMITED |
Director |
26/09/2012 |
26/09/2012 |
- |
Active |
NO |
|
Name : |
Mrs. Rosy Pawankumar Agrawal |
|
Designation : |
Directors |
|
Address : |
B-21, Akash Tower, Opposite Premchand Nagar, Jidges Bungalow Road,
Ahmedabad – 380054, India |
|
Date of Birth/Age : |
10.07.1966 |
|
Date of Appointment : |
16.12.2010 |
|
DIN No.: |
00041611 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L67120GJ1995PLC024070 |
ROSELABS
FINANCE LIMITED |
Director |
04/01/1995 |
04/01/1995 |
30/09/2008 |
Active |
NO |
|
2 |
L24230GJ1992PLC017592 |
ROSELABS
INDUSTRIES LIMITED |
Director |
13/05/2008 |
13/05/2008 |
15/05/2010 |
Active |
NO |
|
3 |
U24231GJ2003PTC043336 |
ROSELABS
HEALTHCARE PRIVATE LIMITED |
Director |
01/03/2010 |
01/03/2010 |
- |
Active |
NO |
|
4 |
U24290GJ2010PLC059109 |
ROSELABS
BIOSCIENCE LIMITED |
Director |
30/09/2011 |
16/12/2010 |
- |
Active |
NO |
|
5 |
U93000GJ2008PTC053106 |
GOPAL
LALJI CORPORATE CONSULTANTS PRIVATE LIMITED |
Additional
director |
16/01/2012 |
16/01/2012 |
- |
Active |
NO |
|
Name : |
Mr. Zameer Pawankumar Agarwal |
|
Designation : |
Director |
|
Address : |
B-21, Akash Opposite Premchand Nagar, |
|
Date of Birth/Age : |
05.11.1986 |
|
Date of Appointment : |
06.01.2010 |
|
DIN No.: |
01409425 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
L24230GJ1992PLC017592 |
ROSELABS
INDUSTRIES LIMITED |
Director |
15/03/2007 |
15/03/2007 |
13/05/2008 |
Active |
NO |
|
2 |
L51909GJ1995PLC024905 |
ROSELABS
LIMITED |
Whole-time
director |
30/09/2010 |
20/03/2009 |
- |
Active |
NO |
|
3 |
U24290GJ2010PLC059109 |
ROSELABS
BIOSCIENCE LIMITED |
Director |
06/01/2010 |
06/01/2010 |
- |
Active |
NO |
|
4 |
U65922WB1989PTC047242 |
GOPALKA
MOTOR INVESTO PRIVATE LIMITED |
Director |
11/03/2010 |
11/03/2010 |
- |
Active |
NO |
|
5 |
U25209GJ2011PLC064863 |
ROSELABS
POLYMERS LIMITED |
Director |
11/04/2011 |
11/04/2011 |
- |
Active |
NO |
|
6 |
U24297GJ2008PTC053117 |
ROHINI
CHEM-TECH PRIVATE LIMITED |
Additional
director |
16/01/2012 |
16/01/2012 |
- |
Active |
NO |
|
Name : |
Mr. Mohit Premchand Gupta |
|
Designation : |
Director |
|
Address : |
42, Whispering Pine, |
|
Date of Birth/Age : |
13.09.1965 |
|
Date of Appointment : |
22.04.2010 |
|
DIN No.: |
03031586 |
|
|
|
|
Name : |
Mr. Guarang Atmaram Patel |
|
Designation : |
Additional Director |
|
Address : |
B-2, Sayona Park, Plat Harasidhnagar, Indraprastha Society, Sarkari
Vasant, Avadh Memnagar, Ahmedabad-380054, Gujarat, India |
|
Date of Birth/Age : |
12.07.1963 |
|
Date of Appointment : |
13.08.2010 |
|
DIN No.: |
03089311 |
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 |
U24230GJ2010PTC061904 |
GARISON
FORMULATION PRIVATE LIMITED |
Director |
07/08/2010 |
07/08/2010 |
Active |
NO |
|
2 |
U24290GJ2010PLC059109 |
ROSELABS
BIOSCIENCE LIMITED |
Director |
30/09/2011 |
13/08/2010 |
Active |
NO |
|
Name : |
Mr. Prakash Karsanbhai Patel |
|
Designation : |
Additional Director |
|
Address : |
11, Devdarshan Society, Behind New Mahakali Temple, Kalka Road,
Palan-382465, Gujarat, India |
|
Date of Birth/Age : |
12.01.1975 |
|
Date of Appointment : |
13.08.2010 |
|
Din No.: |
03098121 |
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 |
U24290GJ2010PLC059109 |
ROSELABS
BIOSCIENCE LIMITED |
Director |
30/09/2011 |
13/08/2010 |
Active |
NO |
|
2 |
U25209GJ2011PLC064863 |
ROSELABS
POLYMERS LIMITED |
Director |
11/04/2011 |
11/04/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Pawankumar Trilokchand Agarwal |
8579000 |
|
Gopalka Motor Investo Private Limited |
2800000 |
|
Zameer Pawankumar Agarwal |
1301000 |
|
Rosy Pawankumar Agarwal |
120000 |
|
TOTAL |
12800000 |
AS ON 16.02.2012
|
Names of Allottess |
No. of Shares |
|
Pushpdani Comotrade Private Limited, |
2400000 |
|
Gopalka Motor Investo Private Limited, |
3000000 |
|
Roselab Limited, |
1400000 |
|
TOTAL |
6800000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
78.13 |
|
Directors or relatives of Directors |
21.87 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pre-Filled Syringes. |
GENERAL INFORMATION
|
No. of Employees : |
60 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
State Bank of ·
Bank of ·
Bank of |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
Notes (A) Bank of Baroda TL : Rs.108.052 millions Add: Bank of
India TL : Rs.46.836 millions Add: State Bank Of India : 122.023 millions
Add: Bank of Baroda - FDOD : Rs.0.658 millions Add: State Bank of Bank of |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sunil Poddar and Company Chartered Accountants |
|
Address : |
301-305, Vrajbhumi Complex, Near Prarthana Flat, Behind Ship Building,
Off C.G. Road, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-26402893/26431097 |
|
Fax No.: |
91-79-26462614 |
|
PAN.: |
ABEFS3044F |
|
|
|
|
List of related
parties and key persons with whom transaction have taken place during the
year along with nature and volume of transactions : |
|
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12800000 |
Equity Shares |
Rs.10/- each |
Rs. 128.000
Millions |
|
|
|
|
|
AS ON 30.09.2011
Authorised Capital : Rs. 250.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 202.000 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
128.000 |
1.780 |
|
|
2] Share Application Money |
|
74.555 |
0.000 |
|
|
3] Reserves & Surplus |
|
112.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
314.555 |
1.780 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
280.594 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
280.594 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
595.149 |
1.780 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
69.835 |
0.000 |
|
|
Capital work-in-progress |
|
476.328 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
3.967 |
0.108 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
46.790 |
1.300 |
|
Total
Current Assets |
|
50.757 |
1.408 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1.504
|
0.255 |
|
|
Other Current Liabilities |
|
1.877 |
0.021 |
|
|
Provisions |
|
0.012 |
0.000 |
|
Total
Current Liabilities |
|
3.393 |
0.276 |
|
|
Net Current Assets |
|
47.364 |
1.132 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
1.622 |
0.648 |
|
|
|
|
|
|
|
|
TOTAL |
|
595.149 |
1.780 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.90 |
0.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.07 |
5.10 |
LOCAL AGENCY FURTHER INFORMATION
|
Check list by Info Agents |
Available in Reports ( Yes/No) |
|
Yes |
|
Yes |
|
Yes |
|
No |
|
Yes |
|
Yes |
|
Yes |
|
Yes |
|
No |
|
No |
|
Yes |
|
Yes |
|
-- |
|
No |
|
Yes |
|
Yes |
|
No |
|
No |
|
No |
|
No |
|
-- |
|
-- |
|
Yes |
|
Yes |
|
-- |
|
-- |
|
Yes |
|
Yes |
|
Yes |
|
Yes |
|
Yes |
|
No |
|
No |
|
No |
NOTE
The registered office address has been changed
from 123/1, Sadiram
Estate, Saijpur Gopalpur, Pirana Road, Piplej, Ahmedabad-382405, Gujarat, India
present address w.e.f 30.03.2011
PRESENT OPERATIONA
AND FUTURE PROSPECTUS
The company is under erection stages and the directors are continuously engaged in looking for development of business.
The Directors are hopeful to achieve better results in time to come.
FORM 8
|
This form is for |
Creation of charge |
|
Corporate identity number of the company |
U24290GJ2010PTC059109 |
|
Name of the company |
ROSELABS BIOSCIENCE PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
123/1, Sadiram Estate, Saijpur Gopalpur, |
|
Type of charge |
Movable Property (not being pledge) |
|
Particular of charge holder |
State Bank of |
|
Email |
|
|
Nature of description of the instrument
creating or modifying the charge |
Joint deed of hypothecation (consortium
term loan) dated 26th October, 2010 for term loan of Rs. 900.000 millions. |
|
Date of instrument Creating the charge |
26.10.2010 |
|
Amount secured by the charge |
Rs.900.000 Millions |
|
Brief particulars of the principal terms an
conditions and extent and operation of the charge |
Rate
of Interest SBI :
5% above base , BOB & BOI : 4% above base rate Terms
of Repayment repaid in 24 quarterly installments Margin
SBI, BOB, BOI - 36.34% Extent
and Operation of the charge Pari-passu charge with term lenders Others
Pledge of 30% shares of the company |
|
Short particulars of the property charged |
All That Piece or Parcel Of Non Agricultural All That Piece And Parcels Of Property Bearing Office No. 301 Admeasuring 9928 Sq. Ft. In The Scheme Known As "Kataria Arcade" Constructed On Non Agriculture Land Bearing Survey No. 211/1, 211/3, 206, 196/1+2-A, 212/2, 195/2, 212/1 Of Final Plot No. 12, 13, 14, 15, 16, 17 and 18 Of Town Planing Scheme No. 84/B Of Mouje Markba, Ahmedabad -4(Paldi) Belong To Roselabs Bioscience Private Limited. All That Piece And Parcels Of Property Bearing Flat No. F-22 On The 2nd Floor Admeasuring About 325 Sq. Mtrs. Along with Undivided Share In The Land Admeasuring About 34sq. Mtrs In The Scheme Known As Akash Apartment Situated Lying And Being At Revenue Survey No. 337/1+2+3 Paiki9, Vide F.P. No. 221 of T.P. Scheme No.1/B Of Mouje Bodakdev, Daskroi, Ahmedabad Belong To Akash Co-Operative Housing Society Limited. |
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. 53.25 |
|
|
1 |
Rs. 86.23 |
|
Euro |
1 |
Rs. 68.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
|
TOTAL |
|
14 |
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.