MIRA INFORM REPORT
|
Report Date : |
10.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
TERRENE PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot E 19-21, EPIP Zone, Manjusar, GIDC, Taluka Savil, Vadodara –
391770, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.06.2005 |
|
|
|
|
Com. Reg. No.: |
04-046275 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.65.324 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230GJ2005PTC046275 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDT01232A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT2758D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Gelatin Capsules. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 330000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a moderate track record. It
has incurred loss from its operations during 2012. Financial strength in
moderate. However, trade relations are reported to be fair. Business is
active. Payments are reported to be unknown. 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) |
|
India |
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.
LOCATIONS
|
Registered Office : |
Plot E 19-21, EPIP Zone, Manjusar, GIDC, Taluka Savil, Vadodara –
391770, Gujarat, India |
|
Tel. No.: |
91-2667-264008 / 264009 |
|
Fax No.: |
91-2667-264009 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Overseas Office : |
Prilckegatan 27, 42532 Hisings Karra, Sweden, Europe |
|
Tel. No.: |
46-31-572036 |
|
Fax No.: |
46-31-572036 |
|
E-Mail : |
DIRECTORS
As on 23.06.2012
|
Name : |
Mr. Devang Chandrakant Patel |
|
Designation : |
Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
21.05.1979 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00847694 |
|
|
|
|
Name : |
Mr. Bhavin Patel |
|
Designation : |
Whole Time Director |
|
Address : |
401, Sthaptya Iii ,Mamta Society, Near Atmajyoti Ashram,, Vadodara – 390023, Gujarat, India |
|
Date of Birth/Age : |
09.03.1983 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
05153751 |
|
|
|
|
Name : |
Mr. Rasik Gondalia |
|
Designation : |
Director |
|
Address : |
16 Heather Drive, Edison NJ, 08820, United States of America |
|
Date of Appointment : |
23.06.2012 |
|
DIN No.: |
00006272 |
|
|
|
|
Name : |
Mr. Prashant Harvadanlal Yajnik |
|
Designation : |
Director |
|
Address : |
17, Meghalaya, |
|
Date of Birth/Age : |
01.05.1940 |
|
Date of Appointment : |
24.03.2007 |
|
DIN No.: |
02201328 |
|
|
|
|
Name : |
Mr. Chandrakant Chhotalal Patel |
|
Designation : |
Director |
|
Address : |
B.L. Street, At: Chikhodra, Anand – 388320, Gujarat, India |
|
Date of Birth/Age : |
06.11.1954 |
|
Date of Appointment : |
23.06.2012 |
|
DIN No.: |
05241611 |
|
|
|
|
Name : |
Mr. Anjanish Rasik Gondalia |
|
Designation : |
Director |
|
Address : |
8 Madden Court, Edison, NJ, 08820-1481, New Jersey |
|
Date of Birth/Age : |
28.12.1983 |
|
Date of Appointment : |
23.06.2012 |
|
DIN No.: |
05310680 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Devang C Patel |
|
293317 |
|
Chandrakant C. Patel |
|
1627618 |
|
Prasant Yajnik |
|
859280 |
|
Narendra M. Narkar |
|
769785 |
|
Dinesh V. Patel |
|
5000 |
|
Anil S Patel |
|
350000 |
|
Mahendra M Patel |
|
95000 |
|
Rasik Gondalia |
|
2532415 |
|
|
|
|
|
Total |
|
6532415 |
As on 23.06.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Gelatin Capsules. |
||||
|
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|
||||
|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Gelatin Capsules |
Kgs |
47413 |
Productions Capacity: 500 Million Gelatine
Capsules per machine p.a.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Union Bank of India, Sayajiganj Branch, Union Bank Bhavan, Syayjiganj,
Vadodara – 390005, |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah Santosh Anilkumar Chartered Accountant |
|
Address : |
B-56/222, Near Vishva Shakti Mandir Siddharth Nagar-II, Goregaon (West), Mumbai, Maharashtra, India |
|
PAN.: |
ABVPS4851M |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6532415 |
Equity Shares |
Rs.10/- each |
Rs.65.324
Millions |
|
|
|
|
|
Disclosure of
shareholding more than five per cent in company
|
Name of shareholder |
Number of shares held in company |
Percentage of shareholding in company |
|
Chandrakant Patel |
16,27,618 |
25.00% |
|
Prashant Yajnik |
8,59,280 |
13.00% |
|
Narendra Narkar |
7,69,785 |
12.00% |
|
Anil Patel |
3,50,000 |
5.00% |
|
Rasik Gondalia |
25,32,415 |
39.00% |
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 |
65.324 |
39.541 |
29.286 |
|
|
2] Share Application Money |
17.163 |
17.163 |
20.865 |
|
|
3] Reserves & Surplus |
0.633 |
1.988 |
0.039 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
83.120 |
58.692 |
50.190 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
95.566 |
96.289 |
99.808 |
|
|
2] Unsecured Loans |
2.379 |
0.900 |
0.058 |
|
|
TOTAL BORROWING |
97.945 |
97.189 |
99.866 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
1.454 |
|
|
|
|
|
|
|
|
TOTAL |
181.065 |
155.881 |
151.510 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
130.287 |
136.565 |
142.719 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.496 |
1.621 |
1.431 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.616
|
15.661 |
6.525 |
|
|
Sundry Debtors |
11.564
|
11.585 |
10.653 |
|
|
Cash & Bank Balances |
17.219
|
0.385 |
0.535 |
|
|
Other Current Assets |
1.589
|
0.821 |
0.323 |
|
|
Loans & Advances |
2.899
|
1.701 |
0.679 |
|
Total
Current Assets |
58.887
|
30.153 |
18.715 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.205
|
4.477 |
6.332 |
|
|
Other Current Liabilities |
4.400
|
7.981 |
5.130 |
|
|
Provisions |
0.000
|
0.000 |
0.011 |
|
Total
Current Liabilities |
8.605
|
12.458 |
11.473 |
|
|
Net Current Assets |
50.282
|
17.695 |
7.242 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.118 |
|
|
|
|
|
|
|
|
TOTAL |
181.065 |
155.881 |
151.510 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Income |
38.505 |
28.859 |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL (A) |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.848 |
10.981 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.680 |
14.478 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.168 |
(3.497) |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.465 |
6.453 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(5.297) |
(9.950) |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.123 |
(1.643) |
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(6.420) |
(8.307) |
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(8.307) |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(14.727) |
(8.307) |
|
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.98) |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.80)
|
(5.97) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.06)
|
(0.16) |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.18
|
1.66 |
1.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.84
|
2.42 |
1.63 |
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 |
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 |
|
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 |
OPERATIONS:
During the year, Gross Income of the Company reached to Rs. 38.505 Millions against Rs.28.859 Millions of previous year, registering growth of 33.42% whereas Gross Profit before Interest, Depreciation and Tax reached to Rs. 19.848 Millions as against Rs. 10.981 Millions of the previous year registering rise of 80.74% However, due to heavy financial Charges, Depreciation and Deferred Tax Assets, the Company stood at Net Loss of Rs. 6.420 Millions against Net loss of Rs. 8.307 Millions of the previous year. Accumulated loss amounting to Rs. 14.727 Millions has been carried forward to next Year. In order to cater to the demand of Hard Gelatin Capsules of different sizes to avail financial leverage and to generate sizeable surplus, the Company has been embarking upon the expansion of its installed capacities to be able to manufacture 2500 Million capsules per annum and for the purpose, the Company has already mobilized long term capital by fresh issue of Equity Shares. The Company has been putting continual thrust on minimization of operational cost and expenses, effective utilization of its resources and deploying effective marketing strategies and systems so as to bring improved financial results in coming period. With the implementation of expansion project on anvil, and systematic and planned approach with the continual thrust on bringing all round efficiency and efficacy in the operational management, the Board hopes to register better performance in coming years, barring unforeseen circumstances.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
2.379 |
0.900 |
|
Total |
2.379 |
0.900 |
|
|
|
|
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U24230GJ2005PTC046275 |
|
Name of the
company |
TERRENE PHARMA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot E 19-21, EPIP Zone, Manjusar, GIDC, Taluka Savil, Vadodara –
391770, Gujarat, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10094895 |
|
Type of charge |
|
|
Particular of
charge holder |
Union Bank of India, Sayajiganj Branch, Union Bank Bhavan, Syayjiganj,
Vadodara – 390005, |
|
Nature of
instrument creating charge |
Supplementary
Deed to SD-20 - Hypothecation Deed |
|
Date of
instrument Creating the charge |
16.01.2013 |
|
Amount secured by
the charge |
Rs.50.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate + 5.50%
p a Terms of Repayment on demand Margin 25% on stocks and
Book denots - Book debts not older than 90 days Extent and Operation of the charge Hypothecation of
entire current assets and movable assets of the company both present and future |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of all tangible movable machineries, plant and machinery, fixtures, fittings, other installations, cranes, furnitures, computers and other accessories, vehicles together with spares, tools and accessories and all other articles lying on the premises at Plot No.E-19 to E-21 (EPIP Zone), GIDC, Manjusar, Taluka Savli, District Baroda or in the godowns of the borrowers or in the custody of any person who are Mercantile Agents of the borrower or in the course of transit which may hereinafter be brought, stored or be lying in or upon the said premises of the borrower. The whole of the borrower's movable goods and assets, both present and future and including but without prejudice to the generality of the foregoing words,all stocks of raw materials, work in progress semini finished goods and finished goods such as Gellatine, Gellatibe Capsule, packing materials, spares, fuels etc whatsoever and wheresoever situate and / or in transit whether now belonging to or that may at any time during the continuance of this security belong to the borrower or that may be held by any party anywhere to the order and disposition of the borrower all the present and future book debts, outstanding monies receivables, claims, bills, contracts, engagements and securities which are now due and owing or which may at any time hereafter during the continuance of this security become due and owing to the borrower in the course of its business by any person, firm, company or body corporate or by the Government of India or any state government or Indian railways or any Government Department or office or any Municipal or local or public or semi government body or authority whatsoever including those relating to the assets leased out and / or given on hire purchase basis. |
|
Date of
instrument modifying the charge |
28.01.2011 |
|
Particulars of
the present modification |
By this execution
the hypothecation charge extended to cover revised Cash Credit facility from
Rs.20.000 Millions to Rs.50.000 Millions within which PC/FDBP/FUDBP under
LC/contract of Rs.12.500 Millions). Since other facilities are separately
registered, this charge is only modification of Cash Credit facility as per
Bank's letter. |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 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.54.46 |
|
|
1 |
Rs.83.13 |
|
Euro |
1 |
Rs.70.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.