|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
THINQ PHARMA-CRO LIMITED |
|
|
|
|
Registered
Office : |
D-3, 1st
Floor, Daginawala Mansion, Senapati Bapat Road Mahim (West), Mumbai – 400
016, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.11.2006 |
|
|
|
|
Com. Reg. No.: |
11-165473 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.501
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH2006PLC165473 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT13447A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is an
integrated pharmaceutical outsourcing company involved actively in the field
of Contract Research, Contract Manufacturing, Clinical Trials, Clinical Data Management,
Biostatistics, Medical writing and BA/BE Service activities. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 60000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. The company has
performed well during 2012 and wipe out its some accumulated loss. Financially
company seems to be improving. Trade relations are reported to be fair. Business
is active. Payments are reported to be usually correct and as per commitment. The company can
be considered for normal business dealings 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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/ Corporate Office : |
D-3, 1st
Floor, Daginawala Mansion, Senapati Bapat Road Mahim (West), Mumbai – 400
016, Maharashtra, India |
|
Tel. No.: |
91-22-24442291 |
|
Fax No.: |
91-22-24449473 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Research Center
: |
A-30, Road No.10, M.I.D.C., Wagle Estate, Thane (West) – 400 604,
Maharashtra, India |
|
Tel. No.: |
91-22-64564560 |
|
Fax No.: |
91-22-25833325 |
|
E-Mail : |
|
|
|
|
|
Singapore
Office : |
No.111, North Bridge Road, #16-04 Peninsula Plaza, Singapore 179098 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Chandrashekhar Shankar Nadkarni |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
Mangesh Ashram, 13, Ajmal Road, Vile Parle
(East), Mumbai – 400 057, Maharashtra, India
|
|||||||||||||||||||||||||||
|
Date of Appointment : |
10.11.2006 |
|||||||||||||||||||||||||||
|
DIN No.: |
00780294 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mrs. Shibani Chandrashekhar Nadkarni |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Mangesh Ashram, 13, Ajmal Road, Vile Parle
(East), Mumbai – 400 057, Maharashtra, India
|
|||||||||||||||||||||||||||
|
Date of Appointment : |
10.11.2006 |
|||||||||||||||||||||||||||
|
DIN No.: |
01256853 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Rohit Ramakant Gulgule |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Room No.3, 1st Floor, Mahim Pushpakunj CHS, 768, Mori Road, Mahim, Mumbai – 400 016, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.03.1962 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
10.11.2006 |
|||||||||||||||||||||||||||
|
DIN No.: |
01256887 |
|||||||||||||||||||||||||||
|
PAN No.: |
ABBPG3225D |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Ravindra Ramakant Gulgule |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
36/B/2, Shitla Kripa, L.J.
Road, Mahim, Mumbai – 400 016, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Appointment : |
15.09.2011 |
|||||||||||||||||||||||||||
|
DIN No.: |
03629811 |
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Chandrashekhar Shankar
Nadkarni |
|
22500 |
|
Shibani Chandrashekhar
Nadkarni |
|
22500 |
|
Girish Suresh Virkar |
|
1500 |
|
Rohit Ramakant Gulgule |
|
1500 |
|
Sushant V. Kubal |
|
700 |
|
Subhash A. Nerurkar |
|
700 |
|
Vidyadhar K. Jadhav |
|
700 |
|
Total
|
|
50100 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is an
integrated pharmaceutical outsourcing company involved actively in the field of
Contract Research, Contract Manufacturing, Clinical Trials, Clinical Data
Management, Biostatistics, Medical writing and BA/BE Service activities. |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G.J. Shah and Company Chartered Accountants |
|
Address : |
404, Manas Bhavan, 11, R.N.T. Marg, Indore – 452 001, Madhya Pradesh,
India |
|
PAN No: |
AAJFG8689E |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50100 |
Equity Shares |
Rs.10/- each
|
Rs.0.501
million |
|
|
|
|
|
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 |
|
0.501 |
0.501 |
|
(b) Reserves & Surplus |
|
14.422 |
(0.034) |
|
(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) |
|
14.923 |
0.467 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
21.911 |
27.858 |
|
(b) Deferred tax liabilities (Net) |
|
4.410 |
4.065 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
26.321 |
31.923 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
21.242 |
22.510 |
|
(c)
Other current liabilities |
|
5.085 |
9.550 |
|
(d)
Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
26.327 |
32.060 |
|
|
|
|
|
|
TOTAL |
|
65.571 |
64.450 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
57.046 |
55.267 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
57.046 |
55.267 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.025 |
0.025 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
2.485 |
2.568 |
|
(d)
Cash and cash equivalents |
|
0.458 |
0.147 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f)
Other current assets |
|
7.557 |
6.443 |
|
Total
Current Assets |
|
10.525 |
9.183 |
|
|
|
|
|
|
TOTAL |
|
67.571 |
64.450 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.501 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.764 |
|
|
4] (Accumulated Losses) |
|
|
(1.523) |
|
|
NETWORTH |
|
|
(0.258) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
36.151 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
36.151 |
|
|
DEFERRED TAX LIABILITIES |
|
|
3.856 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
39.749 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
56.371 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.025 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
1.449 |
|
|
Cash & Bank Balances |
|
|
0.533 |
|
|
Other Current Assets |
|
|
0.076 |
|
|
Loans & Advances |
|
|
4.827 |
|
Total
Current Assets |
|
|
6.885 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
22.844 |
|
|
Other Current Liabilities |
|
|
0.477 |
|
|
Provisions |
|
|
0.228 |
|
Total
Current Liabilities |
|
|
23.549 |
|
|
Net Current Assets |
|
|
(16.664) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.017 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
39.749 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
26.359 |
2.107 |
18.297 |
|
|
|
Other Income |
49.660 |
32.138 |
21.990 |
|
|
|
TOTAL |
76.019 |
34.245 |
40.287 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Trading, Research and Development Expenses |
16.298 |
3.256 |
11.586 |
|
|
|
Administrative and Other Expenses |
35.999 |
24.887 |
21.581 |
|
|
|
TOTAL |
52.297 |
28.143 |
33.167 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
23.722 |
6.102 |
7.120 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.817 |
4.873 |
4.531 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
18.905 |
1.229 |
2.589 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.449 |
0.504 |
1.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
14.456 |
0.725 |
1.506 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
288.54 |
14.47 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
19.02
|
2.12 |
3.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
71.72
|
58.33 |
14.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
27.98
|
1.91 |
4.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.27
|
2.63 |
(10.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.47
|
59.65 |
(140.12) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.40
|
0.29 |
0.29 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
18) Major customers |
Yes |
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
|
Unsecured Loan |
As
on 31.03.2012 (Rs.
in Millions) |
As
on 31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Chandrashekhar Shankar Nadkarni |
13.748 |
14.178 |
|
Shibani Chandrashekhar Nadkarni |
2.396 |
2.396 |
|
Total
|
16.144 |
16.574 |
BUSINESS SEGMENT:
Subject is engaged in Consultancy in R&D, Cleaning Research and
trading large number of articles.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U24239MH2006PLC165473 |
|
Name of the
company |
THINQ PHARMA-CRO LIMITED |
|
Address of the
registered office or of the principal place of business in |
D-3, 1st
Floor, Daginawala Mansion, Senapati Bapat Road Mahim (West), Mumbai – 400
016, Maharashtra, India E-Mail: girish.virkar@thinqcro.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
The Saraswat Co-Operative
Bank Limited, Small And Medium Enterprises Branch, Popatlal Niwas, 1st
Floor, Ranade Road, Dadar, Mumbai – 400 028, Maharashtra, India E-Mail: kamalax_saraf@hotmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
Hypothecation of Movable Property |
|
Date of
instrument Creating the charge |
29.10.2012 |
|
Amount secured by
the charge |
Rs.10.000
millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: PLR-2% p.a. with
monthly rests. Terms of
Repayment: As per sanction
terms Margin: As per sanction
terms Extent and
Operation of the charge: Charge on debtors
for Rs.10.000 millions to be created. Others: Not Applicable |
|
Short particulars
of the property charged |
All the debtors
tangible movable property (both present and future) belonging to the borrower/s
and lying and being at the borrower's place of business at D-3, 1st
Floor, Daginawala Mansion, S. B. Road, Mahim, Mumbai - 400016. Hypothecation of
charge in favour of the bank by way of first charge all the book debts,
outstandings, monies, receivable, claims and bills 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/s in
the course of his business by any person, firm, company or by the government
or any local or public body or authority. |
FIXED ASSETS:
·
Electrical Equipments
·
Computers
·
Office Equipments
·
Land and Building
·
R&D Equipments
·
Furniture and Fixtures
·
Water Tank
·
Air Conditioner
·
Electrical Fitting
·
Fire Alarm System
·
Car
·
Mobile
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.60.13 |
|
|
1 |
Rs.89.52 |
|
Euro |
1 |
Rs.76.89 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.