1. Summary Information
|
Country |
India |
||
|
Company Name |
TWENTYFIRST CENTURY PHARMACEUTICALS PRIVATE LIMITED |
Principal Name 1 |
Mr. Vengandur Srikumar Raghunathan |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Krishnaswamy Saroja |
|
Registration # |
18-012817 |
||
|
Street Address |
360, SIDCO Estate, Chennai – 600098, Tamilnadu |
||
|
Established Date |
21.03.1986 |
SIC Code |
-- |
|
Telephone# |
91-44-26232775 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-42152268 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Pharmaceutical Products |
|
|
# of employees |
Not Available |
Product Name 2 |
Neutraceutical Products |
|
Paid up capital |
Rs.
13,447,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings 10.00%, Directors
or relatives of directors 90.00% |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
27 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
130,397,000 |
Current Liabilities |
124,726,000 |
|
Inventories |
69,038,000 |
Long-term Liabilities |
177,224,000 |
|
Fixed Assets |
216,608,000 |
Other Liabilities |
2,867,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
304,817,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
97,779,000 |
|
|
|
Net Worth |
111,226,000 |
|
Total Assets |
416,043,000 |
Total Liab. & Equity |
416,043,000 |
|
Total Assets (Previous Year) |
362,009,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
446,974,000 |
Net Profit |
17,768,000 |
|
Sales (Previous yr) |
367,054,000 |
Net Profit
(Previous yr) |
4,105,000 |
MIRA INFORM REPORT
|
Report Date : |
03.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TWENTYFIRST CENTURY PHARMACEUTICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
360, SIDCO Estate, Chennai – 600098, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 [Consolidated] |
|
|
|
|
Date of
Incorporation : |
21.03.1986 |
|
|
|
|
Com. Reg. No.: |
18-012817 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.447
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231TN1986PTC012817 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical and Neutraceutical Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 445000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There appears an increase in the sales turnover as well as net
profitability of the company. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered normal 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Note:
CRISIL has suspended its rating due to lack of
information.
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/ Factory 1 : |
360, SIDCO Estate, Chennai – 600098, Tamilnadu, India |
|
Tel. No.: |
91-44-26232775/ 26232776 |
|
Fax No.: |
91-44-42152268 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
Located at: Ø Roorkee,
Uttarakhand, India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Vengandur Srikumar Raghunathan |
|
Designation : |
Managing director |
|
Address : |
3A, Rupa No. 6, Rajan Street, T. Nagar, Chennai – 600017, Tamilnadu,
India |
|
Date of Birth/Age : |
27.09.1951 |
|
Date of Appointment : |
21.03.1986 |
|
DIN No.: |
01830356 |
|
|
|
|
Name : |
Mrs. Krishnaswamy Saroja |
|
Designation : |
Director |
|
Address : |
1489, 13th Main Road, Anna Nagar, Chennai – 600040,
Tamilnadu, India |
|
Date of Birth/Age : |
27.10.1950 |
|
Date of Appointment : |
30.09.2004 |
|
DIN No.: |
01975085 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vijaya Srinivasan |
|
30000 |
|
V.S. Vijayaraghavan |
|
221750 |
|
V.S. Krishnaswamy |
|
45000 |
|
V.S. Raghunathan |
|
517750 |
|
V.S. Rajasekaran |
|
36500 |
|
K. Saroja |
|
15000 |
|
Rajeswari.V |
|
3500 |
|
Vijayalakshmi Nagarajan |
|
32500 |
|
Hemamalini. R |
|
2500 |
|
R. Kamakshi |
|
6250 |
|
Srikrishnan |
|
15500 |
|
Sridharan |
|
15500 |
|
V.S. Srinivasan |
|
265000 |
|
V.K. Sriraman |
|
2250 |
|
V.K. Sriranjani |
|
2250 |
|
V.Arun |
|
1000 |
|
Perin Alfred |
|
55545 |
|
Srinivasan Murthy |
|
52665 |
|
C. Yogalatha |
|
24270 |
|
|
|
|
|
Total |
|
1344730 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
10.00 |
|
Directors
or relatives of directors |
|
90.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical and Neutraceutical Products. |
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Unit |
Actual
Production |
|
(a) Chennai Unit |
(Nos.) |
15,000,840 |
|
Tablets |
(Nos.) |
106,358,640 |
|
Capsules |
(Nos.) |
Nil |
|
Liquid |
(Nos.) |
88,008 |
|
Dry Syrup |
|
|
|
|
|
|
|
(b) Roorkee Unit |
|
|
|
Tablets |
(Nos.) |
41,259,460 |
|
Capsules |
(Nos.) |
Nil |
|
Liquid |
(Nos.) |
Nil |
|
Dry Syrup |
(Nos.) |
1,677,536 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Ø Canara Bank, SME
Ambattur Branch, No.3, Mth Road, Padi, Chennai - 600050, Tamilnadu, India Ø State Bank of India,
Siruthozhil Branch, 320, Valluvar Kottam High Road, Nungambakkam, Chennai -
600034, Tamilnadu, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sabapathy and Dhandapani Chartered Accountants |
|
Address : |
New No 81, Old No 47, Dr. Radhakrishnan Salai, Chennai – 600004,
Tamilnadu, India |
|
Tel. No.: |
91-44-28110900/ 42056568 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAPFS0207E |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,344,730 |
Equity Shares |
Rs. 10/- each |
Rs. 13.447
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
CONSOLIDATED |
|
||
|
1] Share Capital |
13.447 |
13.447 |
13.447 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.001 |
|
|
3] Reserves & Surplus |
97.779 |
80.103 |
76.317 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
111.226 |
93.550 |
89.765 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
172.000 |
163.376 |
134.684 |
|
|
2] Unsecured Loans |
5.224 |
12.241 |
2.550 |
|
|
TOTAL BORROWING |
177.224 |
175.617 |
137.234 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
288.450 |
269.167 |
226.999 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
216.608 |
218.924 |
187.738 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
69.038
|
39.585 |
12.272 |
|
|
Sundry Debtors |
121.988
|
90.619 |
58.920 |
|
|
Cash & Bank Balances |
3.077
|
7.004 |
3.745 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
5.332
|
5.877 |
27.093 |
|
Total
Current Assets |
199.435
|
143.085 |
102.030 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
123.900
|
90.456 |
58.609 |
|
|
Other Current Liabilities |
0.826
|
1.197 |
0.000 |
|
|
Provisions |
2.867
|
1.189 |
4.160 |
|
Total
Current Liabilities |
127.593
|
92.842 |
62.769 |
|
|
Net Current Assets |
71.842
|
50.243 |
39.261 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
288.450 |
269.167 |
226.999 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
446.974 |
367.054 |
298.523 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
388.262 |
332.542 |
261.622 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
58.712 |
34.512 |
36.901 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
26.178 |
20.847 |
5.922 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
32.534 |
13.665 |
30.979 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.933 |
8.634 |
5.919 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
22.601 |
5.031 |
25.060 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.833 |
0.926 |
N.A. |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
17.768 |
4.105 |
N.A. |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.21 |
3.05 |
N.A. |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.98
|
1.12 |
N.A. |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.43
|
1.39 |
8.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.05 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.59
|
1.88 |
1.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.56
|
1.54 |
1.63 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Due to Directors and Others |
3.513 |
8.391 |
|
Ducool Limited |
1.710 |
3.850 |
|
Total |
5.223 |
12.241 |
NATURE OF OPERATIONS
Subject was
incorporated in 1986, by Mr. V S Raghunathan. It is engaged in the business of
manufacture of pharmaceutical and neutraceutical products. It also undertakes
contract manufacturing for major pharmaceutical companies. It has owned two
manufacturing units—one in Chennai (Tamilnadu) and a newly set up unit in
Roorkee (Uttarakhand).
PERFORMANCE AND
FUTURE OUTLOOK
The company has
improved its performance in top line compared to previous year. The company has
also achieved a net profit after tax of Rs 17.791 Millions as compared to the
previous year of Rs.4.105 Millions.
As you aware, the
company has successfully completed a major expansion plan at Roorkee which is a
‘Duty Free Zone’ in Uttarakhand state by taking advantage of various tax sops.
The turnover of
the said unit has increased to Rs.256.084 Millions as compared to the previous
year of Rs. 88.057 Millions and has achieved its breakeven to deliver a net
profit after tax of Rs.0.351 Millions.
The business
prospects are excellent and the Directors are confident of achieving higher
growth in top & bottom line in the coming years.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24231TN1986PTC012817 |
|
Name of the
company |
TWENTYFIRST
CENTURY PHARMACEUTICALS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
360, SIDCO Estate, Chennai – 600098, Tamilnadu, India Email: info@tfcpharma.com |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10184865 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Canara Bank, SME
Ambattur, No.3, Mth Road, Padi, Chennai - 600050, Tamilnadu, India Email: ch2412@canbank.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Canara Bank
letter dated 30.05.2012 |
|
Date of
instrument Creating the charge |
30.05.2012 |
|
Amount secured by
the charge |
Rs. 236.900
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be
intimated by the bank from time to time. Terms of Repayment As agreed by the
bank Margin As agreed by the
bank Extent and Operation of the charge The charge
operates as a security for the credit facilities amounting to Rs. 236.900
Millions along with interest and penal interest if any. |
|
Short particulars
of the property charged |
Machineries of
the company both present and future situated at the factory premises at 360,
SIDCO Industrial Estate, Ambattur, Chennai - 600098 or factory at Roorkee,
Haridwar, Uthranchal or elsewhere. Book debts
receivable by the company. Land ( Freehold )
extent 55200 sq. ft ( 5130 sq.m ) situated at Khata No 7 , Khasra No. 282,
Nalheri Dehviran, Bhagwanpur Pargana, Roorki - 247688 Haridwar District,
Uttranchal State Land and
factory building situated at 360, SIDCO Industrial Estate, Amabttur, Chennai |
|
Date of
Modification |
24.11.2010 |
|
Particulars of the
present modification |
Credit facilities
are increased from Rs. 226.900 Millions to Rs.236.900 Millions. |
FIXED ASSETS:
Ø Land
Ø Land-Roorkee
Ø Factory Building
Ø Plant and Machinery
Ø Electrical Installations
Ø Laboratory Equipments
Ø Furniture and Fittings
Ø Office equipments
Ø Tools and Accessories
Ø Computer
Ø Utilities
Ø Vehicle - Motor Car
Ø Vehicle - Two Wheeler
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. 56.50 |
|
|
1 |
Rs. 86.01 |
|
Euro |
1 |
Rs. 73.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
|
44 |
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.