MIRA
INFORM REPORT
|
Report Date : |
18.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
LASONS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8 New Jagruti, 227, S V Road,
Bandra (West), Mumbai – 400050,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.10.1979 |
|
|
|
|
Com. Reg. No.: |
11-021757 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.150 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104MH1979PTC021757 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Pharmaceutical bulk drugs |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 650000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
latest financial are not made available with the government department. As per previous year’s record, there appears dip in the sales turnover
and profitability. However, general financial position of the company appears to be good.
Trade relations are reported to be fair. Business is active. Payments are
unknown. The company can be considered for business dealings with slight
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB+ (Term loan) |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
May - 2012 |
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 : |
8 New Jagruti, 227, S V Road,
Bandra (West), Mumbai – 400050,
Maharashtra India |
|
Tel. No.: |
91-22-26441728 / 26441729 / 26434396 |
|
Fax No.: |
91-22-26428131 |
|
E-Mail : |
|
|
|
|
|
Factory: |
C – 18 MIDC, Taloja, Near Panvel, District Raigad 410208 |
|
Tel. No.: |
91-22-27410147 |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Pravin Shyamlal Aggarwal |
|
Designation : |
Director |
|
Date of Birth/Age : |
61
Years |
|
Qualification : |
Master
of Science in Electrical Engineering From U Of H (USA) |
|
Experience : |
31
Years. |
|
Date of Appointment : |
24.12.1980 |
|
DIN No.: |
00404735 |
|
|
|
|
Name : |
Mr. Gaurav Pravin Aggarwal |
|
Designation : |
Director |
|
Date of Birth/Age : |
60
Years |
|
Qualification : |
Master of Science in
Electrical Engineering From U Of H (USA) |
|
Experience : |
30
Years |
|
Date of Appointment : |
01.10.2006 |
|
DIN No.: |
01645942 |
|
|
|
|
Name : |
Ms. Nevin Aggarwal |
|
Designation : |
Director |
|
Date of Birth/Age : |
30
Years |
|
Qualification : |
B'Com |
|
Experience : |
10
Years |
|
Date of Appointment : |
01.10.2006 |
|
DIN No.: |
01645956 |
|
|
|
KEY EXECUTIVES
|
Name : |
Mr. Mahesh Soni |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Gaurav Aggarwal |
|
56600 |
|
Ms. Nevin Aggarwal |
|
71400 |
|
Mr. Pravin Aggarwal HUF |
|
71400 |
|
Mr. Pravin Aggarwal and Ms. Savita Aggarwal |
|
70650 |
|
Mr. Pravin Aggarwal |
|
224450 |
|
Ms. Savita Aggarwal |
|
320500 |
|
Total |
|
815000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pharmaceutical bulk Drugs |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
Niacin
and Niacinamide |
MT |
N.A. |
2800 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India-Lead Bank of UBI
Consortium, Mumbai Samachar Marg
Branch, 66/80, Mumbai Samachar Marg, Fort, Mumbai - 400023, Maharashtra,
India ·
Citibank ·
Axis
Bank |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
N. K. Jain and Company Chartered Accountants |
|
Address : |
A-402, Rajeshri Accord, Teli Gali Cross Road, Andheri (East),
Mumbai
- 400069 Maharashtra India |
|
PAN No.: |
AABFN5388D |
|
|
|
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
815000 |
Equity Shares |
Rs.10/- each |
Rs. 8.150 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 |
8.150 |
8.150 |
8.150 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
156.571 |
132.054 |
82.656 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
164.721 |
140.204 |
90.806 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
332.891 |
230.890 |
268.910 |
|
|
2] Unsecured Loans |
2.169 |
4.920 |
30.182 |
|
|
TOTAL BORROWING |
335.060 |
235.810 |
299.092 |
|
|
DEFERRED TAX LIABILITIES |
5.996 |
6.739 |
8.361 |
|
|
|
|
|
|
|
|
TOTAL |
505.777 |
382.753 |
398.259 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
193.264 |
150.130 |
118.875 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
15.452 |
15.813 |
53.322 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
135.544
|
118.157 |
112.392 |
|
|
Sundry Debtors |
212.962
|
165.098 |
204.886 |
|
|
Cash & Bank Balances |
13.767
|
12.452 |
8.426 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
58.180
|
51.664 |
55.205 |
|
Total
Current Assets |
420.453
|
347.371 |
380.909 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
106.340
|
95.394 |
127.339 |
|
|
Other Current Liabilities |
4.502
|
4.769 |
|
|
|
Provisions |
12.550
|
30.398 |
|
|
Total
Current Liabilities |
123.392
|
130.561 |
154.847 |
|
|
Net Current Assets |
297.061
|
216.810 |
226.062 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
505.777 |
382.753 |
398.259 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
||
|
|
SALES |
|
|
|
||
|
|
|
Sales and service Charges |
903.609 |
913.517 |
947.356 |
|
|
|
|
Other Income |
6.488 |
6.403 |
11.711 |
|
|
|
|
TOTAL (A) |
910.097 |
919.920 |
959.067 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Raw
Material Consumed |
654.238 |
664.026 |
793.163 |
|
|
|
|
Administrative
& Other Expenses |
114.291 |
94.438 |
88.320 |
|
|
|
|
Personnel
Expenses |
54.163 |
35.446 |
54.666 |
|
|
|
|
Increase
/ decrease in stock |
2.190 |
8.169 |
(52.908) |
|
|
|
|
TOTAL (B) |
824.882 |
802.079 |
883.241 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
85.215 |
117.841 |
75.826 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
18.265 |
19.278 |
33.913 |
||
|
|
|
|
|
|
||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
66.950 |
98.563 |
41.913 |
||
|
|
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
30.195 |
25.177 |
23.645 |
||
|
|
|
|
|
|
||
|
|
PROFIT BEFORE
TAX (E-F) (G) |
36.755 |
73.386 |
18.268 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
12.238 |
23.987 |
5.008 |
||
|
|
|
|
|
|
||
|
|
PROFIT AFTER TAX
(G-H) (I) |
24.517 |
49.399 |
13.260 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
114.945 |
65.546 |
52.286 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
139.462 |
114.945 |
65.546 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
601.217 |
611.430 |
623.119 |
|
|
|
TOTAL IMPORTS |
601.217 |
611.430 |
623.119 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Own exports |
786.966 |
799.935 |
840.029 |
|
|
|
|
Through Export House |
12.506 |
7.652 |
3.732 |
|
|
|
TOTAL EARNINGS |
799.472 |
807.587 |
843.761 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
30.08 |
60.06 |
16.27 |
||
|
|
|
|
|
|
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.69
|
5.37 |
1.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.07
|
8.03 |
1.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.06
|
0.15 |
0.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.52 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.78
|
2.61 |
5.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.41
|
2.66 |
2.46 |
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 |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
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 |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27104MH1979PTC021757 |
||||||||||||||||
|
Name of the
company |
LASONS INDIA
PRIVATE LIMITED |
||||||||||||||||
|
Address of the
registered office or of the principal place of business in |
8 New Jagruti
227, S V Road, Bandra (W),
Mumbai – 400050, Maharashtra, India |
||||||||||||||||
|
This form is for |
Modification of charge |
||||||||||||||||
|
Charge identification
(ID) number of the charge to be modified |
10146687 |
||||||||||||||||
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Others |
||||||||||||||||
|
Particular of
charge holder |
Union Bank of India-Lead Bank of UBI Consortium Mumbai Samachar Marg Branch, 66/80, Mumbai Samachar Marg, Fort,Mumbai
- 400023, Maharashtra, India |
||||||||||||||||
|
Nature of
instrument creating charge |
1.Second
Supplemental Working Capital Consortium Agreement 2. Second
Supplemental Joint Deed of Hypothecation (Both the above
Agreements constitute a single modification of charge) |
||||||||||||||||
|
Date of
instrument Creating the charge |
21.05.2012 |
||||||||||||||||
|
Amount secured by
the charge |
Rs. 460.000
millions |
||||||||||||||||
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Interest as
determined by the each Bank Plus Service Charges as are applicable to the
respective facilities from time to time Terms of
Repayment On Demand. Margin As per sanction
terms. Extent and Operation of the charge To secure various
Revised Credit facilities Aggregating to Rs.460.000 Millions granted by the Banks to the Company on Pari Passu
basis as under :-
(Rs. in Millions) Others
Union Bank of
India is acting as Lead Bank of UBI Consortium and Central Bank of India is
designated as Consortium Member The total Limits Working Capital and Non Fund
Based Limits enhanced from Rs.300.000 Millions to Rs.460.000 Millions on Pari
Passu Basis |
||||||||||||||||
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
·
Hypothecation
by way of First Pari Passu Charge on 1. All the Current Assets of the
Borrower namely Stock of Raw Materials, Semi Finished and Finished Goods,
Stores and Spares not (cont). ·
relating
to the Plant and Machinery Consumable Stores and Spares, Bills Receivable and
Book-Debts and All Movable Current Assets excluding Machineries (excluding
such movables) (cont) ·
(as
may be permitted by the said Banks in their discretion from time to time) but
including documents of title to goods and other assets such as outstanding moneys,receivables
including (cont) ·
receivables
by way of cash assistance and/or cash including under the cash incentive
scheme or any other scheme claims including
claims by way of refund of customs/excise duties under the (cont) ·
Duty
Drawback Credit Schemes or any other scheme bill invoices, documents
contracts,engagements,securities investments and rights both present and
future of the Borrower being and lying (cont) ·
in
the Borrower's or godowns of or rented and whether lying loose or in cases or
otherwise used in the business of the borrower godown at C-18, MIDC
Industrial Area, Taloja Dist Raigad (cont) ·
and
an Office situate as 8, New Jagruti,227 S.V.Road, Bandra (West) Mumbai 400050
in the State of Maharashtra or in transit or o high seas or on order or
delivery however and wherever in the(cont) ·
possession
of the Borrower and either by way of substitution or addition 2. Second
Charge on all the Plant and Machinery Purchased out side the Consortium Funds |
||||||||||||||||
|
Date of
instrument modifying the charge |
13.01.2011 |
||||||||||||||||
|
Particulars of
the present modification |
Vide this
modification charge amount enhanced from Rs.300.000 Millions to Rs.460.000
Millions and secured by Hypothecation by way of First Pari Passu Charge on 1.
All the Current Assets of the Borrower namely Stock of Raw Materials, Semi
Finished and Finished Goods, Stores and Spares and Book-Debts and Second
Charge on all the Plant and Machinery Purchased out side the Consortium Funds
|
|
Unsecured Loan |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
From
Directors |
0.134 |
1.841 |
|
From
Family and Relatives |
0.375 |
2.899 |
|
Dealer
Deposit |
1.660 |
0.180 |
|
Total |
2.169 |
4.920 |
.
Contingenet
Liability
Liability in respect
of capital commitment on account of unexpired contract Rs.69.005 Millions
Fixed Assets
·
Factory Land
·
Building
·
Office Premises
·
Plant and Machinery
·
Scrubber
·
Electrical
·
Installation
·
R and D Equipments
·
Office Equipment
·
Air conditioner
·
Furniture and Fixture
·
Computer
·
Software
·
Vehicles
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.54.64 |
|
|
1 |
Rs.87.45 |
|
Euro |
1 |
Rs.72.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
4 |
|
--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 |
|
TOTAL |
|
36 |
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.