MIRA
INFORM REPORT
|
Report Date : |
24.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
UMANG PHARMATECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 34, 3rd Floor, B- 2 , Windermere, Off
New |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
18.05.1992 |
|
|
|
|
Com. Reg. No.: |
11-066815 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.30.100
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29297MH1992PTC066815 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU01759C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Various Kind of Pharmaceutical Machines
and Formulation of Bulk Drugs etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51)_ |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 383000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Even though the net sale has seen a drastic dip, the net profitability of the
company ahs increases during 2012. The profit margin appears to be good. Trade relations are reported to be fair. Business is active. Payment
terms are 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 – 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 / Head Office : |
Flat No. 34, 3rd Floor, B- 2 , Windemere, Off New Link Road, Andheri (West), Mumbai - 400 053, Maharashtra, India |
|
Tel. No.: |
91-22-30018900 / 30018915-98 |
|
Fax No.: |
91-22-40106464 / 30018908/ 30018907 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Main Office / Factory 1 : |
Survey No. 146, H.No.1 (PT), Vasai Phata Highway Junction, Pelhar, NH8, Vasai (East) - 401 208, Maharashtra, India |
|
Tel. No.: |
91-22-30018900 / 30018915 - 98 |
|
Fax No.: |
91-22-30018908 / 30018913 |
|
E-mail: |
|
|
|
|
|
Factory 2 : |
Plot No. 23, Golani Complex, Opposite Agrwal Hospital, Valiv, Vasai Road (East), Thane-401208, Maharashtra, India |
|
Tel. No.: |
91-250-2453795/2454467/2456482 |
|
Fax No.: |
91-250-2453795/2454467/2456482 |
DIRECTORS
AS ON 25.09.2012
|
Name : |
Mr. Raj Kumar Budhraja |
|
Designation : |
Managing director |
|
Address : |
Flat No. 34, 3rd Floor, B- 2 , Windermere, Off New
|
|
Date of Birth/Age : |
12.12.1946 |
|
Qualification : |
B. E |
|
Date of Appointment : |
18.05.1992 |
|
DIN No.: |
01847459 |
|
|
|
|
Name : |
Mrs. Renu Rajkumar Budhraja |
|
Designation : |
Director |
|
Address : |
Flat No. 34, 3rd Floor, B- 2 , Windemere, Off
New |
|
Date of Birth/Age : |
05.03.1954 |
|
Date of Appointment : |
18.05.1992 |
|
DIN No.: |
01114263 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajkumar Budhraja |
|
140000 |
|
Renu Rajkumar Budhraja |
|
140000 |
|
Priya Komal Narang |
|
7000 |
|
Umang Rajkumar Budhraja |
|
7000 |
|
Payal Rajkumar Budhraja |
|
7000 |
|
|
|
|
|
TOTAL
|
|
301000 |
AS ON 25.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Various Kind of Pharmaceutical Machines
and Formulation of Bulk Drugs etc. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2012]
Licensed Capacity: The company is not
registered under Industrial Development Act, 1961 and hence not required to get
sanction for capacity to manufacture.
Installed Capacity: The company is carrying
out manufacturing of various kind of pharmaceutical machines and formulation of
bulk drugs etc. as per individual requirement of the parties and hence
installed capacity in respect of these items cannot be ascertained, as stated by
the directors.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pankaj A. Shah and Company Chartered Accountants |
|
Address : |
3/1225, L, Navjivan Comm. Premises Co-operative Society Limited, Lamington Road, Mumbai- 400008, Maharashtra, India |
|
Tel. No.: |
91-22-23074148/ 28331135 |
|
Fax No.: |
91-22-23053478 |
|
PAN No: |
ABEPS6263J |
|
|
|
|
Associates/Subsidiaries : |
·
R.R. Enterprises ·
Caleva Process Solutions Limited, UK |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
301000 |
Equity Shares |
Rs.100/-
each |
Rs.30.100
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 |
|
30.100 |
30.100 |
|
(b) Reserves & Surplus |
|
65.880 |
53.985 |
|
(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) |
|
95.980 |
84.085 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
67.485 |
75.916 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
67.485 |
75.916 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
9.803 |
16.300 |
|
(b)
Trade payables |
|
16.552 |
21.816 |
|
(c) Other
current liabilities |
|
2.600 |
2.243 |
|
(d) Short-term
provisions |
|
3.174 |
8.401 |
|
Total Current
Liabilities (4) |
|
32.129 |
48.760 |
|
|
|
|
|
|
TOTAL |
|
195.594 |
208.761 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
89.713 |
100.314 |
|
(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 |
|
42.043 |
42.043 |
|
(c) Deferred tax
assets (net) |
|
0.815 |
0.382 |
|
(d) Long-term Loan and Advances |
|
3.307 |
5.961 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
135.878 |
148.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
28.607 |
32.198 |
|
(c)
Trade receivables |
|
22.546 |
20.025 |
|
(d) Cash
and cash equivalents |
|
1.027 |
1.271 |
|
(e)
Short-term loans and advances |
|
5.759 |
6.382 |
|
(f)
Other current assets |
|
1.777 |
0.185 |
|
Total
Current Assets |
|
59.716 |
60.061 |
|
|
|
|
|
|
TOTAL |
|
195.594 |
208.761 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
32.144 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
62.244 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
93.479 |
|
|
2] Unsecured Loans |
|
|
2.550 |
|
|
TOTAL BORROWING |
|
|
96.029 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
158.273 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
105.351 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
42.043 |
|
|
DEFERREX TAX ASSETS |
|
|
0.021 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
68.767
|
|
|
Sundry Debtors |
|
|
33.292
|
|
|
Cash & Bank Balances |
|
|
0.258
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
21.077
|
|
Total
Current Assets |
|
|
123.394 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
111.541
|
|
|
Provisions |
|
|
1.139
|
|
Total
Current Liabilities |
|
|
112.680
|
|
|
Net Current Assets |
|
|
10.714
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.144 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
158.273 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
113.025 |
187.199 |
114.108 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
73.940 |
129.749 |
81.161 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
73.940 |
129.749 |
81.161 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
39.085 |
57.450 |
32.947 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.024 |
10.545 |
10.255 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.061 |
46.905 |
22.692 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.064 |
13.100 |
13.322 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
16.997 |
33.805 |
9.370 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.925 |
11.964 |
3.315 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
12.072 |
21.841 |
6.055 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
53.985 |
32.144 |
26.089 |
|
|
|
|
|
|
|
|
|
Less |
TAXES
OF EARLIER YEARS |
0.177 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
65.880 |
53.985 |
32.144 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2.765 |
15.834 |
42.650 |
|
|
|
|
|
|
|
|
|
IMPORTS |
1.664 |
5.249 |
6.590 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.01 |
72.56 |
20.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
10.69
|
11.67 |
5.30
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.13
|
20.32 |
4.09
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.40 |
0.15
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.81
|
1.10 |
1.54
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.85
|
1.23 |
1.09
|
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 |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
|
|
|
Deposits |
15.000 |
3.000 |
|
Loans and Advances From Related Parties |
6.056 |
4.806 |
|
TOTAL
|
21.056 |
7.806 |
FINANCIAL RESULTS:
Overall Net Sales
registered a 42.94% decrease to Rs.106.200 Millions compared to Rs. 180.600
Millions for F.Y.2010-11. This is attributable to global recession in the
industries in case of Pharmaceutical Machinery. However new line of pharma
products was well received in the global market and company is very optimistic
for the years to come. Also company is in continuous in the process of
development of new pharma products.
Net Profit before
tax at Rs.16.997 Millions was 49.78% lower in comparison to F.Y.2010-11.
Decrease in Depreciation and amortization at Rs.12.064 Millions over Rs.13.110
Millions last year. Financial Cost showed a decrease of 4.94% compared to last
year.
PROJECTS:
Due to the
acquisition of the company proceeding to the earlier financial year in U.K.,
their company was placed in a better position in the international market as
the competition was reduced and their company has shown an extra ordinary
performance resulting in to better prospects and profitability in the global as
well as Indian market Also company received dividends from the subsidiary
during the year. The company has still to acquire more companies for expansion
of the business and company's in house research also showed the satisfactory
performance for the new line of products introduced mainly being health
products, cosmetics etc.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80044274 |
|
Corporate
identity number of the company |
U29297MH1992PTC066815 |
|
Name of the
company |
UMANG PHARMATECH
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat No. 34, 3rd Floor, B- 2 , Windemere, Off New Link Road, Andheri (West), Mumbai - 400 053, Maharashtra, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Bassein Catholic Co-operative Bank Limited, Manikpur Branch, Vasai, Mumbai – 401201, Maharashtra, India Email: amittrivedics@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Equitable
Mortgage Deed. |
|
Date of
instrument Creating the charge |
06.01.2013 |
|
Amount secured by
the charge |
Rs.70.544
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per then
sanction letter ref No BCC/HO/SON/95-2678 Dated 27/12/2012 Terms of Repayment As per then
sanction letter ref No BCC/HO/SON/95-2678 Dated 27/12/2012 Margin As per then
sanction letter ref No BCC/HO/SON/95-2678 Dated 27/12/2012 Extent and Operation of the charge This additional
term loan is sanction for renovation of premises. |
|
Short particulars
of the property charged |
1) Plot of land bearing
survey no 146, Hissa No pt(part) admeasuring 32.6 Gunthas situated village
Pelhar, Tal Vasai, and District Thane.
2) Plot of land bearing survey no 146, Hissa No pt (part) admeasuring
48.8 Gunthas situated village Pelhar, Tal Vasai, and District Thane .both the
land having boundaries as follows. On or towards the East -- S No 38 owned by
vendor, on to towards the West Remaining 26
Gunthas of land S No 146/part. on or towards the south Dattani Industries. On or towards the North - 30 ft Road and
Makwana farm compound along with factory building constructed thereon
admeasuring 20712 sq ft. and research and Development bldg admg 13032 sq ft.
within the limits of Grampanchayat pelhar and within the registration Sub
District of Vasai 3 of registration district thane. |
|
Date of latest
modification prior to the present modification |
03.07.2009 |
|
Particulars of
the present modification |
Now by this
modification the bank at the request of the company have decided to grant an
additional term loan of Rs 9.044 Millions for renovation of premises.
Therefore the total limit now stands increased to Rs 70.544 Millions and to
secure the enhanced credit facilities of Rs 9.044 Millions company offered
its immovable property. |
FIXED ASSETS:
· Land
· Factory Premises
· Furniture and Fixtures
· Laboratory Equipments
· Computer
· Car
· Air Conditioners
· Plant and Machinery
· Fax machine
· Fire Safety Equipment
· Dies and Moulds
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.59.35 |
|
|
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.