MIRA INFORM REPORT
|
Report Date : |
14.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARISTO PHARMACEUTICALS PRIVATE LIMITED (w.e.f.03.02.2005) |
|
|
|
|
Formerly Known
As : |
ARISTO PHARMACEUTICALS LIMITED |
|
|
|
|
Registered
Office : |
12, J N Heredia Marg, Ballard Estate, Mumbai - 400001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
08.11.1971 |
|
|
|
|
Com. Reg. No.: |
11-015425 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.897
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1971PTC015425 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA22661C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4495N |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Pharmaceutical Product. |
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|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (69) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 44200000 |
|
|
|
|
Status : |
Good |
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|
Payment Behaviour : |
Regular |
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a well established and reputed company having a fine track record.
Directors are experienced and knowledgeable businessmen. The financials of 2013 are not available. However, as per the till
2012, the company is performing well. Fundamental seems strong. Trade
relations are reported to be trustworthy. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for business dealing 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.
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 (PARTIAL DETAILS)
|
Name : |
Ms. Venetia |
|
Designation : |
Export Department |
|
Contact No.: |
91-22-26739999 |
|
Date : |
13.08.2013 |
LOCATIONS
|
Registered
Office : |
12 J N Heredia Marg, Ballard Estate, Mumbai - 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-22617909/
749/ 22671436/ 22619582 |
|
Fax No.: |
91-22-22615604 |
|
E-Mail : |
|
|
Website: |
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|
Location: |
Owned |
|
|
|
|
Corporate
Office : |
23-A, Shah
Industrial Estate, Off Veera Desai Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-26739999 |
|
Fax No.: |
91-22-26734792 |
|
E-Mail : |
|
|
|
|
|
Factory: |
Located at
|
DIRECTORS
AS ON 27.06.2012
|
Name : |
Mr. Umesh Sharma |
|
Designation : |
Managing Director |
|
Address : |
East Khemini Chak, Kankarbagh, Patna -
800020, Bihar, India |
|
Date of Birth/Age : |
15.11.1952 |
|
Date of Appointment : |
12.02.1979 |
|
PAN No.: |
AJGPS6979P |
|
DIN No.: |
01385819 |
|
|
|
|
Name : |
Mr. Randhir Kumar Bachan |
|
Designation : |
Director |
|
Address : |
Village Govindpur, PS : Ghoshi Post, Modan
Ganj, Jehanabad – 804406, Bihar, India |
|
Date of Birth/Age : |
19.11.1971 |
|
Date of Appointment : |
01.09.2005 |
|
PAN No.: |
AEHPB8901Q |
|
DIN No.: |
01163058 |
|
|
|
|
Name : |
Mr. Virendra Sharma |
|
Designation : |
Director |
|
Address : |
703, A-22, Bakers, Shastri Nagar, Andheri
(West), Mumbai - 400053, Maharashtra, India |
|
Date of Birth/Age : |
18.01.1969 |
|
Date of Appointment : |
03.10.2006 |
|
DIN No.: |
01449416 |
|
|
|
|
Name : |
Mr. Raj Nandan Sharma |
|
Designation : |
Director |
|
Address : |
Village Berra, Post Berra, P.S. Masaurhi –
804454, Bihar, India |
|
Date of Birth/Age : |
09.11.1948 |
|
Date of Appointment : |
23.06.2010 |
|
PAN No.: |
CUQPS2452C |
|
DIN No.: |
01623096 |
KEY EXECUTIVES
|
Name : |
Ms. Venetia |
|
Designation : |
Export Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.06.2012
|
Names of Shareholders |
No. of
Shares |
|
Mahendra Prasad B. Sharma |
91080 |
|
Umesh B. Sharma |
680 |
|
Renukadevi U. Sharma |
100 |
|
Satula Devi |
1340 |
|
Rajeev M. Sharma |
1370 |
|
Rahul U. Sharma |
1160 |
|
Umadevi D. Bhatti |
250 |
|
Aradhya Rai |
1495 |
|
Achintya Rai |
1495 |
|
|
|
|
Total |
98970 |
AS ON 27.06.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Product. |
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Products/ Services : |
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Exports : |
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Products : |
Finished Good |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers: |
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Divulged |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. B. Lal
Agrawal and Company Chartered Accountants |
|
Address : |
Sri Ram Bhawan , Exhibition Road, Patna – 800001, Bihar, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACDPA2431N |
|
|
|
|
Associates : |
Ø Aristo
Laboratories Private Limited, India [U24110AP1980PTC005938] Ø Mapra
Laboratories Private Limited, India [U24100MH1985PTC037946] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99,000 |
Equity Shares |
Rs. 100/- each |
Rs. 9.900 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98,970 |
Equity Shares |
Rs. 100/- each |
Rs. 9.897
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.897 |
9.897 |
|
(b) Reserves & Surplus |
|
11051.617 |
9562.190 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
11061.514 |
9572.087 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
351.987 |
404.826 |
|
(b) Trade
payables |
|
336.204 |
182.699 |
|
(c) Other
current liabilities |
|
212.300 |
221.154 |
|
(d) Short-term
provisions |
|
448.849 |
218.798 |
|
Total Current
Liabilities (4) |
|
1349.341 |
1027.477 |
|
|
|
|
|
|
TOTAL |
|
12410.854 |
10599.564 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1399.612 |
1279.604 |
|
(ii)
Intangible Assets |
|
11.947 |
0.344 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
6279.900 |
5452.800 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
92.226 |
57.972 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
7783.685 |
6790.720 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1881.305 |
1554.972 |
|
(c) Trade
receivables |
|
931.388 |
744.051 |
|
(d) Cash
and cash equivalents |
|
1594.667 |
1353.843 |
|
(e)
Short-term loans and advances |
|
112.292 |
63.627 |
|
(f) Other
current assets |
|
107.517 |
92.351 |
|
Total
Current Assets |
|
4627.169 |
3808.844 |
|
|
|
|
|
|
TOTAL |
|
12410.854 |
10599.564 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.897 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
8190.669 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
8200.566 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
473.210 |
|
|
2] Unsecured Loans |
|
|
36.509 |
|
|
TOTAL BORROWING |
|
|
509.719 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8710.285 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1097.075 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1163.672 |
|
|
Sundry Debtors |
|
|
521.957 |
|
|
Cash & Bank Balances |
|
|
7468.701 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
4801.845 |
|
Total
Current Assets |
|
|
13956.175 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
424.673 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
5918.292 |
|
Total
Current Liabilities |
|
|
6342.965 |
|
|
Net Current Assets |
|
|
7613.210 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8710.285 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11396.700 |
10629.800 |
9026.700 |
|
|
|
Other Income |
N.A. |
670.161 |
687.935 |
|
|
|
TOTAL |
N.A. |
11299.961 |
9714.635 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
N.A. |
7427.161 |
6492.435 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3818.500 |
3872.800 |
3222.200 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
161.300 |
162.700 |
50.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3657.200 |
3710.100 |
3171.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
960.000 |
1127.500 |
1087.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2697.200 |
2582.600 |
2083.800 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4599.800 |
3488.200 |
2826.100 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend |
653.200 |
851.100 |
0.000 |
|
|
|
Proposed Final Dividend |
386.000 |
188.000 |
1039.100 |
|
|
|
Tax on Dividend |
168.600 |
171.900 |
172.600 |
|
|
|
Transferred to General Reserve |
271.400 |
260.000 |
210.000 |
|
|
BALANCE CARRIED
TO THE B/S |
5817.800 |
4599.800 |
3488.200 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of exports |
72.195 |
40.022 |
N.A. |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
128.709 |
185.104 |
|
|
|
|
Laboratory Chemicals |
0.114 |
0.000 |
|
|
|
|
Capital Goods |
7.215 |
0.000 |
|
|
|
TOTAL IMPORTS |
136.038 |
185.104 |
N.A. |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
27252.70 |
26094.00 |
21055.29 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
N.A.
|
22.85 |
21.45
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
32.09
|
34.90 |
35.13
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
59.65
|
72.09 |
21.07
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.39 |
0.39
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.03
|
0.04 |
0.06
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.73
|
6.21 |
2.20
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Short term
Borrowing |
|
|
|
Other loans and advances |
34.800 |
33.865 |
|
Total |
34.800 |
33.865 |
OPERATIONS:
The Company has improved
its sales for the year to Rs.11396.700 Millions compared to Rs. 10629.800
Millions in the previous year. The Net Profit before Tax Rs.3657.200 Millions
for the year compared to Rs. 3710.100 Millions achieved in the immediate
previous year.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90224399 |
04/03/1993 |
10,000,000.00 |
SRATE BANK OF INDIA |
NADALA BRANCH, MUMBAI, MAHARASHTRA - 400031, INDIA |
- |
|
2 |
90220092 |
08/08/1988 |
50,500,000.00 |
STATE BANK OF INDIA |
20/6 PODAR HOUSE RAFI AHMED ROAD, MUMBAY, MAHARASHTRA - 400013, INDIA |
- |
|
3 |
90223705 |
11/12/1980 |
4,000,000.00 |
BANK OF INDIA |
BOMBAY MAINM BRANCH, 70/80 MG ROAD, MUMBAI, MAHARASHTRA - 400023,
INDIA |
- |
|
4 |
90223702 |
25/02/1999 * |
4,000,000.00 |
BANK OF INDIA |
70/80 MAHATMA GANDHI ROAD, MUMBAY, MAHARASHTRA - |
- |
|
5 |
90223681 |
10/03/1979 |
5,300,000.00 |
BANK OF INDIA |
70/80 MAHATMA GANDHI ROAD, MUMBAY, MAHARASHTRA - 400013, INDIA |
- |
|
6 |
90223631 |
27/02/1974 |
1,570,000.00 |
STATE INDUSTRIAL AND INVESTMENT
CORPORATION |
NARIMAN 1ST FLOOR, MUMBAY, MAHARASHTRA - 400021, INDIA |
- |
|
7 |
90223630 |
25/02/1974 |
500,000.00 |
BANK OF INDIA |
70/80 MAHATMA GANDHI ROAD, MUMBAY, MAHARASHTRA - |
- |
|
8 |
90223621 |
29/11/1972 |
200,000.00 |
BANK OF INDIA |
70/80 MG ROAD, MUMBAY, MAHARASHTRA - 400023, INDIA |
- |
Note: * Date of charge modification
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and
equipment
- Furniture and
fixtures
- Vehicles
- Office
equipment
- Other
equipments
- Computer
software
Intangible assets
- Computer software
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.61.43 |
|
|
1 |
Rs.95.08 |
|
Euro |
1 |
Rs.81.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
69 |
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.