|
Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREE SAI CLINIC |
|
|
|
|
Registered
Office : |
1-15, Unnat Nagar No.2, Padmavati Building, Near Patkar Collage, S. V.
Road, Goregaon (West), Mumbai – 400062, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 (Provisional) |
|
|
|
|
Year of Establishment
: |
2006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.39.486 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACUPC4615R |
|
|
|
|
Legal Form : |
Sole Proprietary Concern. |
|
|
|
|
Line of Business
: |
Medical Hospital |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having a satisfactory
track record. The concern is a multi-specialty hospital. It is performing well. Trade relations are reported as fair. Business is active. Payment
terms are usually correct. The concern can be considered for 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) |
|
|
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.
INFORMATION PARTED BY
|
Name : |
Dr. Sunil Sumant Chavan |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9820123265 |
|
Date : |
12.07.2013 |
LOCATIONS
|
Registered Office : |
1-15, Unnat Nagar No.2, Padmavati Building, Near Patkar College, S. V.
Road, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Tel. No.: |
91-22-28790609/ 42682222 (30 Lines) |
|
Mobile No.: |
91-9820123265 (Dr. Sunil Sumant Chavan) |
|
Fax No.: |
91-22-28763652 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Dr. Sunil Sumant Chavan |
|
Designation : |
Proprietor |
|
Address : |
7, Vardaan Apartment, A Wing, 3rd Floor, S. V. Road,
Opposite Patkar College, Goregaon (West), Mumbai – 400062, Maharashtra,
India |
|
Date of Birth/Age : |
12.02.1970 |
|
Qualification : |
MD (Ortho) |
|
Experience : |
20 years |
BUSINESS DETAILS
|
Line of Business : |
Medical Hospital |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30 days) |
|
|
|
|
Purchasing : |
Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Patients (End Users) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Axis Bank Goregaon (West), Mumbai, Maharashtra, India · Bank of Baroda · ICICI Bank · Standard Chartered Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jignesh Kansara and Associates Chartered Accountants |
|
Address : |
A-606, Corporate Avenue, Sonawala Lane, Goregaon (East), Mumbai –
400063, Maharashtra, India |
|
Tel. No.: |
91-22-66715864 |
|
Email : |
|
|
Website : |
CAPITAL STRUCTURE
(AS ON 31.03.2013 - Provisional)
|
Capital Investment : |
|
|
Owned : |
Rs.39.486 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.39.486
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note: Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
39.486 |
36.464 |
27.452 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
39.486 |
36.464 |
27.452 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
47.524 |
48.027 |
58.394 |
|
|
2] Unsecured Loans |
15.598 |
14.270 |
10.500 |
|
|
TOTAL BORROWING |
63.122 |
62.297 |
68.894 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
102.608 |
98.761 |
96.346 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
92.063 |
88.479 |
93.626 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.827
|
0.871 |
0.702 |
|
|
Sundry Debtors |
1.752
|
1.276 |
1.085 |
|
|
Cash & Bank Balances |
2.135
|
1.603 |
3.203 |
|
|
Other Current Assets |
1.050
|
0.230 |
0.050 |
|
|
Loans & Advances |
5.110
|
7.827 |
4.145 |
|
Total
Current Assets |
11.874
|
11.807 |
9.185 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.279
|
0.494 |
5.536 |
|
|
Other Current Liabilities |
0.474
|
0.436 |
0.391 |
|
|
Provisions |
0.576
|
0.595 |
0.538 |
|
Total
Current Liabilities |
1.329
|
1.525 |
6.465 |
|
|
Net Current Assets |
10.545
|
10.282 |
2.720 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
102.608 |
98.761 |
96.346 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
|
|
INCOME |
|
|
|
|
|
|
|
Gross Income From Hospital |
42.761 |
36.180 |
32.585 |
|
|
|
Other Income |
0.852 |
7.917 |
0.551 |
|
|
|
TOTAL |
43.613 |
44.097 |
33.136 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Advertisement Expenses |
0.074 |
0.070 |
0.018 |
|
|
|
Ambulance Hire Charges |
0.473 |
0.253 |
0.046 |
|
|
|
Bank Interests and Charges |
7.472 |
8.640 |
8.201 |
|
|
|
Business Promotion |
0.168 |
0.178 |
0.060 |
|
|
|
Catering Charges |
2.022 |
1.445 |
1.213 |
|
|
|
Computer Expenses |
0.075 |
0.081 |
0.051 |
|
|
|
Consultancy Charges |
1.727 |
0.632 |
0.539 |
|
|
|
Consumption of Medicines |
3.829 |
3.192 |
1.584 |
|
|
|
Conveyance Expenses |
0.235 |
0.149 |
0.125 |
|
|
|
Electricity Charges |
0.885 |
0.672 |
0.564 |
|
|
|
Hospital Expenses |
0.518 |
0.216 |
0.122 |
|
|
|
Insurance Charges |
0.293 |
0.084 |
0.013 |
|
|
|
Medical Camp Expenses |
0.473 |
0.358 |
0.048 |
|
|
|
Membership and Subscription |
0.031 |
0.035 |
0.031 |
|
|
|
Repairs and Maintenance |
1.056 |
0.565 |
0.448 |
|
|
|
Salary and Wages |
7.067 |
5.143 |
4.545 |
|
|
|
Telephone expenses |
0.220 |
0.194 |
0.192 |
|
|
|
X-ray Plates and Films |
0.182 |
0.095 |
0.097 |
|
|
|
Other Expenses |
1.891 |
2.807 |
1.697 |
|
|
|
TOTAL |
28.691 |
24.809 |
19.594 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
14.922 |
19.288 |
13.542 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.789 |
7.071 |
6.746 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
7.133 |
12.217 |
6.796 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 (Provisional) |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
16.36
|
27.70 |
20.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.86
|
12.18 |
0.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.34 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Net Operating Income/ Total Debt Service) |
|
0.69
|
0.71 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Net Operating Income/ Total Debt Service) (After addition of 1 cr term loan for 7
years) |
|
0.60
|
-- |
-- |
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT
OF WORKING CAPITAL REQUIREMENT
OPERATING STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projections) |
|||
|
GROSS SALES |
|
|
|
|
|
(i) Domestic Sales |
47.970 |
50.368 |
52.887 |
55.531 |
|
(ii) Export Sales |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
47.970 |
50.368 |
52.887 |
55.531 |
|
|
|
|
|
|
|
Less Excise Duty |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Net
Sales (1-2) |
47.970 |
50.368 |
52.887 |
55.531 |
|
|
|
|
|
|
|
% age rise(+) or fall(-) in net sales as
compared to previous year |
9.99% |
5.00% |
5.00% |
5.00% |
|
|
|
|
|
|
|
Cost
of sales |
|
|
|
|
|
Purchases |
5.212 |
5.111 |
6.878 |
7.310 |
|
Other Trading Expenses (Carriage Inward,
Commission and Brokerage on purchases) |
0.911 |
0.957 |
1.005 |
1.093 |
|
Sub
Total |
6.123 |
6.068 |
7.883 |
8.403 |
|
|
|
|
|
|
|
Add: Opening Stock |
1.827 |
2.400 |
2.640 |
4.404 |
|
Sub Total |
7.950 |
8.468 |
10.523 |
12.807 |
|
|
|
|
|
|
|
Deduct: Closing Stock |
2.400 |
2.640 |
4.404 |
6.344 |
|
Sub Total |
5.550 |
5.828 |
6.119 |
6.463 |
|
|
|
|
|
|
|
Selling General & Administrative
Expenses |
15.312 |
17.490 |
18.360 |
19.280 |
|
|
|
|
|
|
|
Operating Profit (Before Interest and
Depreciation) |
27.108 |
27.050 |
28.408 |
29.788 |
|
|
|
|
|
|
|
Interest |
9.225 |
8.395 |
7.296 |
6.647 |
|
Depreciation |
8.546 |
9.465 |
9.614 |
10.240 |
|
|
|
|
|
|
|
Operating Profit (After Interest and
Depreciation) |
9.337 |
9.190 |
11.498 |
12.901 |
|
|
|
|
|
|
|
Add other non-operating income |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub Total (Income) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Deduct other non operating expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Sub Total (Expenses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Net of Other Non-Operating
Income/Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Profit before Tax/Loss |
9.337 |
9.190 |
11.498 |
12.901 |
|
|
|
|
|
|
|
Provision for Taxes |
0.600 |
1.800 |
2.200 |
3.000 |
|
|
|
|
|
|
|
Net profit/loss (12-13) |
8.737 |
7.390 |
9.298 |
9.901 |
|
|
|
|
|
|
|
(a)
Equity Dividend paid |
-- |
-- |
-- |
-- |
|
(b)
Dividend Rate |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Retained profit |
8.737 |
7.390 |
9.298 |
9.901 |
|
|
|
|
|
|
|
Retained profit/net profit (%age) |
100.00% |
100.00% |
100.00% |
100.00% |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
|
(Projections) |
||||
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short term borrowings from Banks (Including
Bills Purchases Discount and excess Borrowings placed on repayment bases |
|
|
|
|
|
|
(i) From Applicant Bank |
-- |
-- |
-- |
-- |
|
|
(ii) From Other Banks |
-- |
-- |
-- |
-- |
|
|
(iii) (Of which BP & BD) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Sub Total (A) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Short term borrowings from others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Sundry Creditors (Trade) |
0.400 |
0.550 |
0.600 |
0.650 |
|
|
|
|
|
|
|
|
|
Advance payment from Customers / Deposits
from Dealers |
0.474 |
0.474 |
0.474 |
0.474 |
|
|
|
|
|
|
|
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Dividend payable |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Statutory Liabilities (Due within
one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Deposits/Instalments of Term Loan/DPGs/ Debentures etc. (due within
one year |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other current Liabilities &
Provisions(due within one year (Specify major items) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
SUB TOTAL (B) |
0.874 |
1.024 |
1.074 |
1.124 |
|
|
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
0.874 |
1.024 |
1.074 |
1.124 |
|
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures (not maturing within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Preference Shares (redeemable after one
year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Term Loans (excluding installments payable
within one year) Existing I year) |
64.874 |
57.564 |
52.845 |
48.114 |
|
|
|
|
|
|
|
|
|
Deferred Payment Credits (excluding instalments
due within one year) in one year |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Borrowing from directors/ Group Company |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other term liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
64.874 |
57.564 |
52.845 |
48.114 |
|
|
|
|
|
|
|
|
|
TOTAL
OUTSIDE LIABILITIES |
65.748 |
58.588 |
53.919 |
49.238 |
|
|
|
|
|
|
|
|
|
NET WORTH |
|
|
|
|
|
|
|
|
|
|
|
|
|
Share Capital |
17.535 |
16.635 |
15.435 |
13.935 |
|
|
|
|
|
|
|
|
|
General Reserve |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Revaluation Reserve |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Other Reserves (excluding Provision) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Surplus (+) or Deficit (-) in Profit and
Loss Account |
30.189 |
37.579 |
46.877 |
56.778 |
|
|
|
|
|
|
|
|
|
NET
WORTH |
47.724 |
54.214 |
62.312 |
70.713 |
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
113.472 |
112.802 |
116.231 |
119.951 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash & Bank Balance |
3.075 |
3.139 |
2.640 |
1.527 |
|
|
Investments (other than term investment) |
|
|
|
|
|
|
i) Govt. & Other trustee
Securities |
-- |
-- |
-- |
-- |
|
|
ii)
Fixed deposits with banks |
1.000 |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
i) Receivables other than differed and
export (including bills purchased and bills purchased and discounted by
banks) |
2.930 |
3.921 |
7.200 |
10.333 |
|
|
|
|
|
|
|
|
|
ii)
Export receivables (including bills purchased/discounted by banks) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Installment of deferred receivables (due
within one year) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
Inventory
: |
|
|
|
|
|
|
i) Raw Materials (including Stores and other items used in the process of manufacture) |
|
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
b) Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
ii)
Stock-in-process |
2.400 |
2.600 |
4.404 |
6.344 |
|
|
iii) Finished goods |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
iv) Other consumable spares |
|
|
|
|
|
|
a) Imported |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
b) Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Advances to suppliers of Raw Materials & stores /spares |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Advance payment of taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Current Assets (specify major items)
including cheques under reconcilliation |
3.500 |
3.500 |
3.500 |
3.500 |
|
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
12.905 |
13.200 |
17.744 |
21.704 |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
Gross Block (land & building, machinery,
work-in-progress) |
130.668 |
139.167 |
147.666 |
157.666 |
|
|
|
|
|
|
|
|
|
Depreciation to date |
30.151 |
39.615 |
49.229 |
59.469 |
|
|
NET
BLOCK |
100.517 |
99.552 |
98.437 |
98.197 |
|
|
|
|
|
|
|
|
|
OTHER NON
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments/book debts/ advances/ deposits which are not Current Assets |
|
|
|
|
|
|
i) a) Investment in subsidiary companies/affiliates |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
b) Others |
|
|
|
|
|
|
ii) Advance to suppliers of capital goods and contractors |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
iii) Deferred receivables (maturity exceeding one year) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
iv) Security Deposits/ Tender Deposits |
0.050 |
0.050 |
0.050 |
0.050 |
|
|
v) Others |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Funds for expansion |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Non-consumable stores & spares |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
Other non-current assets including dues from directors |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL OTHER NON-CURRENT ASSETS |
0.050 |
0.050 |
0.050 |
0.050 |
|
|
|
|
|
|
|
|
|
Intangible assets (patents, goodwill, prelim expenses bad doubtful debts not provided for etc. |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
113.472 |
112.802 |
116.231 |
119.951 |
|
|
|
|
|
|
|
|
|
TANGIBLE
NET WORTH |
47.724 |
54.214 |
62.312 |
70.713 |
|
|
|
|
|
|
|
|
|
NET
WORKING CAPITAL |
12.031 |
12.176 |
16.670 |
20.580 |
|
|
|
|
|
|
|
|
|
Current Ratio |
14.77 |
12.89 |
16.52 |
19.31 |
|
|
|
|
|
|
|
|
|
Total Outside Liabilities/ Tangible Net
Worth |
1.38 |
1.08 |
0.87 |
0.70 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE
STATEMENT OF CURRENT ASSETS AND CURRENT LIABILITIES
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projections) |
|||
|
A. CURRENT ASSETS |
|
|
|
|
|
1. Raw Materials (including stores and other items used in the process of manufacture) |
|
|
|
|
|
a) Imported : |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
-- |
-- |
|
b) Indigenous : |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
2. Other consumable spares, excluding those included in 1 above. |
|
|
|
|
|
a) Imported : |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
-- |
-- |
|
b) Indigenous : |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months' consumption |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
3. Stocks-in-process : |
2.400 |
2.640 |
4.404 |
6.344 |
|
Months' cost of production |
5.19 |
5.44 |
8.64 |
11.78 |
|
|
|
|
|
|
|
4. Finished Goods |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months' cost of sales : |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
5. Receivables other than export & deferred receivables (including bills purchased & discounted by bankers |
2.930 |
3.921 |
7.200 |
10.333 |
|
Months' domestic sales : excluding deferred payment Sales : |
0.73 |
0.93 |
1.63 |
2.23 |
|
|
|
|
|
|
|
6. Export receivables (including bills purchased & discounted) |
0.000 |
0.000 |
0.000 |
0.000 |
|
Months' Export sales : |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
7. Advance to suppliers of raw Materials and stores/ spares, Consumables |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
8. Other Current Assets including Cash & Bank balances, differed receivables due within one Year (Specify Major items) |
7.575 |
6.639 |
6.140 |
5.027 |
|
|
|
|
|
|
|
9. TOTAL CURRENT ASSETS (To agree with item 34 in form III) |
12.905 |
13.200 |
17.744 |
21.704 |
|
|
|
|
|
|
|
B) CURRENT LIABILITIES |
|
|
|
|
|
(Other than bank borrowings for working capital) |
|
|
|
|
|
|
|
|
|
|
|
10. Creditors for purchase of raw materials, stores and consumable spares |
0.400 |
0.550 |
0.600 |
0.650 |
|
Months' purchases : |
1.03 |
1.35 |
1.41 |
1.45 |
|
|
|
|
|
|
|
11. Advance from customers |
0.474 |
0.474 |
0.474 |
0.474 |
|
|
|
|
|
|
|
12. Statutory Liabilities |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
13. Other current liabilitie (specify major items) Short Term borrowings, unsecured loans, dividend payable, installment of TL, of TL, DPG, public deposits, debentures etc. |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
|
|
|
14. TOTAL (To agree with sub-total B Form III) |
0.874 |
1.024 |
1.074 |
1.124 |
------------------------------------------------------------------------------------------------------------------------------
BANK
FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projection) |
|||
|
Turnover
Method By Nayak Committee |
|
|
|
|
|
Projected Turnover |
47.970 |
50.368 |
52.887 |
55.531 |
|
|
|
|
|
|
|
Net Working Capital Asset |
12.905 |
13.200 |
17.744 |
21.704 |
|
|
|
|
|
|
|
Acceptable
Sale |
47.970 |
50.368 |
52.887 |
55.531 |
|
|
|
|
|
|
|
25%
of
Acceptable Sale |
11.993 |
12.592 |
13.222 |
13.883 |
|
|
|
|
|
|
|
Margin
5% of Sale |
2.399 |
2.518 |
2.644 |
2.777 |
|
|
|
|
|
|
|
Available Margin |
10.506 |
10.682 |
15.100 |
18.927 |
|
|
|
|
|
|
|
4-5 |
9.594 |
10.074 |
10.578 |
11.106 |
|
|
|
|
|
|
|
4-6 |
1.487 |
1.910 |
(1.878) |
(5.044) |
|
|
|
|
|
|
|
MPBF (7 or 8 whichever is
higher) |
9.594 |
10.074 |
10.578 |
11.106 |
|
|
|
|
|
|
|
FIRST
METHOD OF LENDING BY TANDON |
|
|
|
|
|
1 Total current assets |
12.905 |
13.200 |
17.744 |
21.704 |
|
|
|
|
|
|
|
2 Current Liabilities |
0.874 |
1.024 |
1.074 |
1.124 |
|
[Other than bank borrowings] |
|
|
|
|
|
|
|
|
|
|
|
3 Working capital gap [WCG] |
12.031 |
12.176 |
16.670 |
20.580 |
|
|
|
|
|
|
|
4 Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables |
3.008 |
3.044 |
4.168 |
5.145 |
|
|
|
|
|
|
|
5 Actual/ Projected net working capital |
12.031 |
12.176 |
16.670 |
20.580 |
|
|
|
|
|
|
|
6 Item 3 minus item 4 |
9.023 |
9.132 |
12.502 |
15.435 |
|
|
|
|
|
|
|
7 item 3 minus item 5 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
8 Maximum permissible bank finance [item 6 or 7, whichever is lower] |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
9 Excess borrowings, if any representing shortfall in NWC [4-5] |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
SECOND METHOD OF LENDING |
|
|
|
|
|
|
|
|
|
|
|
1 Total current assets |
12.905 |
13.200 |
17.744 |
21.704 |
|
|
|
|
|
|
|
2 Current Liabilities |
0.874 |
1.024 |
1.074 |
1.124 |
|
[Other than bank borrowings] |
|
|
|
|
|
|
|
|
|
|
|
3 Working capital gap [WCG] |
12.031 |
12.176 |
16.670 |
20.580 |
|
|
|
|
|
|
|
4 Min. stipulated Net Working Capital – 25 % of total current assets other than Export Receivables. |
3.226 |
3.300 |
4.436 |
5.426 |
|
|
|
|
|
|
|
5 Actual/ Projected net working capital |
12.031 |
12.176 |
16.670 |
20.580 |
|
|
|
|
|
|
|
6 Item 3 minus item 4 |
8.805 |
8.876 |
12.234 |
15.154 |
|
|
|
|
|
|
|
7 item 3 minus item 5 |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
8 Maximum permissible bank finance [item 6 or 7, whichever is lower] |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
9 Excess borrowings, if any representing shortfall in NWC [4-5] |
-- |
-- |
-- |
-- |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projection) |
|||
|
1. SOURCES |
|
|
|
|
|
a) Net profit |
8.737 |
7.390 |
9.298 |
9.901 |
|
b) Depreciation |
8.546 |
9.465 |
9.614 |
10.240 |
|
c) Increase in capital |
-- |
-- |
-- |
-- |
|
d) Increase in - Term
Liabilities (Including Public deposits) |
17.350 |
-- |
-- |
-- |
|
|
|
|
|
|
|
e) Decrease in : |
|
|
|
|
|
i) Fixed Assets |
-- |
-- |
-- |
-- |
|
ii) Other Non Current
Assets |
-- |
-- |
-- |
-- |
|
f) Others |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
g) TOTAL |
34.633 |
16.855 |
18.912 |
20.141 |
|
|
|
|
|
|
|
2. USES |
|
|
|
|
|
a) Net loss |
-- |
-- |
-- |
-- |
|
b) Decrease in - Term
Liability |
-- |
7.310 |
4.719 |
4.731 |
|
c) Increase in : |
|
|
|
|
|
i) Fixed Assets |
17.000 |
8.499 |
8.499 |
10.000 |
|
ii) Other Non Current
Assets |
-- |
-- |
-- |
-- |
|
d) Dividend Payments |
-- |
-- |
-- |
-- |
|
e) Others |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
f) TOTAL |
17.000 |
15.809 |
13.218 |
14.731 |
|
|
|
|
|
|
|
3.
Long Term Surplus(+)/ deficit(-) [1-2] |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
4.
Increase/decrease in current assets*
(as per details given below) |
1.082 |
0.295 |
4.544 |
3.960 |
|
|
|
|
|
|
|
5.
Increase/decrease in current liabilities other than bank borrowings. |
(0.454) |
0.150 |
0.050 |
0.050 |
|
|
|
|
|
|
|
6.
Increase/decrease in Working Capital Gap. |
1.536 |
0.145 |
4.494 |
3.910 |
|
|
|
|
|
|
|
7.
Net surplus (+)/ deficit (-) (Difference of 3 & 6) |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
8.
Increase/decrease in Bank borrowings |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
Increase/Decrease in Net Sales |
4.357 |
2.398 |
2.519 |
2.644 |
|
|
|
|
|
|
|
* Break-up of (4) |
|
|
|
|
|
i) Increase/decrease in Raw Materials |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
ii) Increase/decrease in stock-in- process |
0.573 |
0.240 |
1.764 |
1.940 |
|
|
|
|
|
|
|
iii) Increase/decrease in Finished Goods |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
iv) Increase/decrease in receivables: |
|
|
|
|
|
a) Domestic |
1.178 |
0.991 |
3.279 |
3.133 |
|
b) Export |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
v) Increase/decrease in stores and spares. |
-- |
-- |
-- |
-- |
|
|
|
|
|
|
|
vi) Increase/decrease in other current assets. |
(0.669) |
(0.936) |
(0.499) |
(1.113) |
|
|
|
|
|
|
|
Total |
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
MISCELLANEOUS
RATIOS
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(Projection) |
|||
|
Gross Profit Ratio (%) |
88.43 |
88.43 |
88.43 |
88.36 |
|
|
|
|
|
|
|
Operating Cost Ratio (%) |
80.54 |
81.75 |
78.26 |
76.77 |
|
|
|
|
|
|
|
Operating Profit Ratio (%) |
19.46 |
18.25 |
21.74 |
23.23 |
|
|
|
|
|
|
|
Net Profit Ratio (%) |
18.21 |
14.67 |
17.58 |
17.83 |
|
|
|
|
|
|
|
Interests Coverage Ratio (Times) |
2.01 |
2.09 |
2.58 |
2.94 |
|
|
|
|
|
|
|
Current Ratio |
14.77 |
12.89 |
16.52 |
19.31 |
|
|
|
|
|
|
|
Quick Ratio |
12.03 |
10.31 |
12.42 |
13.67 |
|
|
|
|
|
|
|
Debt- Equity Ratio |
1.36 |
1.06 |
0.85 |
0.68 |
|
|
|
|
|
|
|
Total Ineptness Ratio |
1.38 |
1.08 |
0.87 |
0.70 |
|
|
|
|
|
|
|
Debt Assets Ratio |
0.57 |
0.51 |
0.45 |
0.40 |
|
|
|
|
|
|
|
Fixed Assets Coverage Ratio |
0.65 |
0.58 |
0.54 |
0.49 |
|
|
|
|
|
|
|
Inventory Turnover Ratio |
18.26 |
19.13 |
30.39 |
41.70 |
|
|
|
|
|
|
|
Debtors Turnover Ratio (Days) |
22.29 |
28.41 |
49.69 |
67.92 |
|
|
|
|
|
|
|
Creditors Turnover Ratio (Days) |
28.01 |
39.28 |
31.84 |
32.46 |
|
|
|
|
|
|
|
Capital Turnover Ratio |
1.01 |
0.93 |
0.85 |
0.79 |
|
|
|
|
|
|
|
Total Assets Turnover Ratio |
0.42 |
0.45 |
0.46 |
0.46 |
|
|
|
|
|
|
|
Return on Capital Employed Ratio (%) |
18.31 |
13.63 |
14.92 |
14.00 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL REPORT
|
Name |
Dr. Aunil Sumant
Chavan |
||||
|
|
|
||||
|
Address |
7, Vardan Apartment,
S. V. Road, Apartment, S. V. Road, Goregaon (West), Mumbai – 400064,
Maharashtra, India |
||||
|
|
|
||||
|
Business |
Ortho Surgeon |
||||
|
|
|
||||
|
Constitution |
Proprietor |
||||
|
|
|
||||
|
Net-Worth |
Rs.118.979
Millions |
||||
|
|
|
||||
|
Standing |
Good |
||||
|
|
|
||||
|
Immovable
Proprieties held by the firm/ Partners personally and value |
Rs.100.000
Millions (Approx.) |
||||
|
|
|
||||
|
|
|
||||
|
Amount Invested
in business and liquid assets: |
|
||||
|
|
|
||||
|
Is the property
free or mortgaged? |
Mortgaged with
body Finance |
DETAILS OF
LIABILITIES/ LOANS: 31.03.2013
|
Name of
Principal/ Borrower |
Sources (Bank of
Financial Institution) |
Amount (Rs. In
Millions) |
Purpose |
Security |
Terms of Payment
|
|
|
|
|
|
|
|
|
Sunil Sumant Chavan |
Bajaj Finance |
46.671 |
Capex |
Premises Situated at 1-15, Padmavati Building, Unnat Nagar Road No.2,
Goregaon (West), Mumbai 400062 |
EMI of Rs.597194 for 15 years upto 05.10.2027 |
|
|
|
|
|
|
|
|
Sunil Sumant Chavan |
Bajaj Finance |
3.174 |
Machinery and Equipments |
Nil |
EMI of Rs.99196 upto September, 2016 |
|
|
|
|
|
|
|
|
Sunil Sumant Chavan |
ICICI Bank |
3.907 |
Machinery and Equipments |
Nil |
EMI of Rs.93073 upto March 2018 |
|
|
|
|
|
|
|
|
Sunil Sumant Chavan |
SE Capital |
3.731 |
Machinery and Equipments |
Nil |
12 EMI of Rs.303750 and 12 EMI of Rs.202500 Loan getting over by
October, 14 |
|
|
|
|
|
|
|
|
Sunil Sumant Chavan |
Standard Chartered Bank |
2.933 |
Machinery and Equipments |
Nil |
EMI of 149773 Upto March 2015 |
|
|
|
|
|
|
|
|
Sunil Sumant Chavan |
Tata Finance |
1.853 |
Machinery and Equipments |
Nil |
EMI of 123606 upto Aug. 2014 |
|
|
|
|
|
|
|
|
Sunil Sumant Chavan |
Vehicles loan from Bank of Baroda for Toyota |
0.853 |
Car Loan |
Toyoto Car |
60 EMI of 18603 upto March 2018. |
DETAILS OF
IMMOVABLE PROPERTIES
|
Location with
full address |
Survey No./ Flat
No. |
Description
Whether Flat/ House/ Land |
Boundaries |
Area |
Value |
|
|
|
|
|
|
|
|
Premises situated at 1-15, Padmavati Building, Unnat Nagar Road No.2,
Goregaon (West), Mumbai - 400062 |
Ground Floor, Shop No.1-15 |
Commercial Premises |
15 Units |
5000 sq. fts. |
Appx. Market Value Rs.100.000 Millions |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE
· Dr. Saral Vasavada – 91-9320524640
· Dr. Shekhar Sheth – 91-9930635509
· Dr. Umesh Nishad – 91-7208886070
· Dr. Rahul Shah – 9821063421
------------------------------------------------------------------------------------------------------------------------------
FIXED ASSETS
· Computers
· Furniture and Fixtures
· Premises
· Plant and Machinery
· Car – 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 records 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.59.79 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--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.