MIRA INFORM REPORT
|
Report Date : |
14.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
GRACURE PHARMACEUTICALS LIMITED |
|
|
|
|
Registered
Office : |
251-254, 2nd Floor, DLF Tower, 15, Shivaji Marg, New
Delhi-110015 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.06.1992 |
|
|
|
|
Com. Reg. No.: |
55-049002 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 28.240 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U2423DL1992PLC049002 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical Product |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 880000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Financially seems to be strong. 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.
INFORMATION PARTED BY
|
Name : |
Mr. Dinesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-11-47770900 |
|
Date : |
12.06.2013 |
LOCATIONS
|
Registered Office : |
251-254, 2nd Floor, DLF Tower, 15, Shivaji Marg, New
Delhi-110015, India |
|
Tel. No.: |
91-11-47770900 |
|
Fax No.: |
91-11-47770999 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
E-1105, Bhiwadi Industrial Area, Phase-III, Rajasthan, India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Amreshwar Sahai Bhargava |
|
Designation : |
Managing Director |
|
Address : |
I - 7, Kirti Nagar, New Delhi-110015, India |
|
Date of Birth/Age : |
10.11.1944 |
|
Date of Appointment : |
25.11.1992 |
|
DIN No.: |
00004468 |
|
|
|
|
Name : |
Mr. Parag Bhargava |
|
Designation : |
Whole Time Director |
|
Address : |
I - 7, Kirti Nagar, New Delhi-110015, India |
|
Date of Birth/Age : |
14.12.1980 |
|
Date of Appointment : |
10.08.2002 |
|
DIN No.: |
00004475 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24232DL1992PLC049002 |
GRACURE
PHARMACEUTICALS LIMITED |
Whole-time
director |
10-08-02 |
10-08-02 |
- |
Active |
NO |
|
2 |
U74220DL2006PTC149701 |
LA TESTE
LAB PRIVATE LIMITED |
Director |
13-06-06 |
13-06-06 |
15-03-08 |
Active |
NO |
|
Name : |
Mr. Pradeep Kumar Rastogi |
|
Designation : |
Whole Time Director |
|
Address : |
B-77, Oriental Apartments, Plot No. 50,
Sector 9, Rohini, New Delhi-110085, India |
|
Date of Birth/Age : |
30.06.1960 |
|
Date of Appointment : |
13.03.2002 |
|
DIN No.: |
00004480 |
|
|
|
|
Name : |
Mr. Sudhir Bhargava |
|
Designation : |
Whole Time Director |
|
Address : |
A - 04, Aashiana Greens, Bhiwadi-301019,
Rajasthan, India |
|
Date of Birth/Age : |
22.06.1953 |
|
Date of Appointment : |
27.11.2001 |
|
DIN No.: |
00004491 |
|
|
|
|
Name : |
Mr. Chandreshwar Sahai Bhargava |
|
Designation : |
Director |
|
Address : |
H. No. 1017, Sector 37, Faridabad-121003,
Haryana, India |
|
Date of Birth/Age : |
05.08.1954 |
|
Date of Appointment : |
06.01.2001 |
|
DIN No.: |
00015088 |
|
|
|
|
Name : |
Mr. Harshad Vaid |
|
Designation : |
Director |
|
Address : |
32, Gujarat Vihar, Vikas Marg Preet Vihar,
Delhi-110092, India |
|
Date of Birth/Age : |
09.06.1954 |
|
Date of Appointment : |
05.05.1995 |
|
DIN No.: |
00015098 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1984PTC018166 |
UNI
AGENCIES CHEMICALS PRIVATE LIMITED |
Managing
director |
21-05-84 |
21-05-84 |
Active |
NO |
|
2 |
U24232DL1992PLC049002 |
GRACURE
PHARMACEUTICALS LIMITED |
Director |
05-05-95 |
05-05-95 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
Note: Shareholder
details file attached.
AS ON 28.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
12.18 |
|
Directors or relatives of Directors |
77.85 |
|
Other top fifty shareholders |
9.97 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Product |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Finished Goods |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cash, Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
Cash, Credit |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Tablets |
In Lacs |
21900.00 |
4028.68 |
|
Capsules |
In Lacs |
6216.00 |
566.91 |
|
Dry Syrup |
Bottles in Lacs |
144.00 |
9.47 |
|
Liquid Injectables (Inding Eye/ Ear Drops) |
Vials / Amp. In
Lacs |
225.00 |
5.85 |
|
Liquid Syrup |
Bottles In Lacs |
146.00 |
66.38 |
|
Ointments |
Tubes In Lacs |
100.00 |
3.96 |
GENERAL INFORMATION
|
Customers : |
End Users and Others |
|
|
|
|
No. of Employees : |
100 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dadu Dadoo and Associates Chartered Accountant |
|
Address : |
C-13, Mansarover Garden, New Delhi-110015, India |
|
PAN No.: |
AACFD8402H |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5250000 |
Equity Shares |
Rs.10/- each |
Rs. 52.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2824000 |
Equity Shares |
Rs.10/- each |
Rs. 28.240
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
28.240 |
28.240 |
|
(b) Reserves & Surplus |
|
193.906 |
166.424 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
25.810 |
34.994 |
|
(b) Deferred tax liabilities (Net) |
|
26.335 |
24.752 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
10.157 |
|
(b) Trade payables |
|
173.641 |
118.731 |
|
(c) Other current
liabilities |
|
7.304 |
7.583 |
|
(d) Short-term
provisions |
|
18.345 |
29.538 |
|
TOTAL |
|
473.581 |
420.419 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
206.579 |
210.139 |
|
(ii) Intangible Assets |
|
2.454 |
2.000 |
|
(iii) Capital
work-in-progress |
|
0.897 |
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 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
51.148 |
34.195 |
|
(c) Trade receivables |
|
106.700 |
79.834 |
|
(d) Cash and cash
equivalents |
|
42.904 |
25.826 |
|
(e) Short-term loans
and advances |
|
62.899 |
68.425 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
TOTAL |
|
473.581 |
420.419 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
28.240 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
147.126 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
175.366 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
60.998 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
60.998 |
|
|
DEFERRED TAX LIABILITIES |
|
|
22.487 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
258.851 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
219.318 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
32.324 |
|
|
Sundry Debtors |
|
|
68.239 |
|
|
Cash & Bank Balances |
|
|
24.868 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
57.089 |
|
Total
Current Assets |
|
|
182.520 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
117.500 |
|
|
Other Current Liabilities |
|
|
25.858 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
143.358 |
|
|
Net Current Assets |
|
|
39.162 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.371 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
258.851 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
524.021 |
402.655 |
400.250 |
|
|
|
Other Income |
13.701 |
(2.787) |
15.551 |
|
|
|
TOTAL (A) |
537.722 |
399.868 |
415.801 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
321.518 |
236.407 |
|
|
|
|
Employees Benefit Expenses |
38.091 |
27.293 |
|
|
|
|
Other Expenses |
110.482 |
80.853 |
|
|
|
|
Change in Inventories of Finished Goods, Work-In-Progress and Stock In
Trade |
(1.959) |
(0.141) |
|
|
|
|
TOTAL (B) |
468.132 |
344.412 |
356.995 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
69.590 |
55.456 |
58.806 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.079 |
4.280 |
4.036 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
65.511 |
51.176 |
54.770 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.819 |
14.461 |
14.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
50.692 |
36.715 |
40.761 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.646 |
11.161 |
12.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
34.046 |
25.554 |
28.061 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
114.995 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
NA |
2.500 |
|
|
|
Dividend |
NA |
NA |
4.801 |
|
|
|
Tax on Dividend |
NA |
NA |
0.816 |
|
|
BALANCE CARRIED
TO THE B/S |
NA
|
NA |
134.939 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
294.797 |
309.718 |
|
|
TOTAL EARNINGS |
NA |
294.797 |
309.718 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.61 |
9.85 |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
550.000 |
|
|
|
|
|
The above information has been parted by Mr. Dinesh.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.33
|
6.39 |
6.75 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.67
|
9.12 |
10.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.72
|
8.73 |
10.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.19 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12
|
0.23 |
0.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32
|
1.25 |
1.27 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
NOTE
Registered office has been shifted from 107, Magnum House, Ikram Pura Complex,
Shivaji Marg, New Delhi-110015, India to the present address w.e.f. 11.04.2013.
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Vehicles
- Electric
Installation and Fitting
- Flats
- Generator
- Air
Conditioner
- Transformers
- Computer
- Furniture and
Fixtures
- Lab
Equipments
- Office
Equipments
- Fan and
Exhaust Fan
- Fax Machines
- Water Cooler
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. 58.41 |
|
|
1 |
Rs. 91.62 |
|
Euro |
1 |
Rs. 78.11 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.