MIRA INFORM REPORT
|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SYNERGY DIAGNOSTICS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
127-128, Laxmi Market, 1st Floor, Vartak Nagar,
Thane-400606, |
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|
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Country : |
India |
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|
|
Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
19.10.2000 |
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Com. Reg. No.: |
11-129252 |
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Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U85195MH2000PTC129252 |
|
|
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|
IEC No.: |
0300048106 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES09252A |
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|
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PAN No.: [Permanent Account No.] |
AAECS9451N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader, Exporter and Importer of Life Saving Drugs and Medicines. |
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No. of Employees
: |
175 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 580000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record.
There appears some dip in the profitability of the company during current year.
However, net worth appears to be satisfactory general financial position of
the company is good. Trade relations are reported as fair. Business is
active. Payments are reported to be correct and as per commitments. 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced controls
on foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of
persistently high inflation and interest rates and little progress on economic
reforms. High international crude prices have exacerbated the government's fuel
subsidy expenditures contributing to a higher fiscal deficit, and a worsening
current account deficit. Little economic reform took place in 2011 largely due
to corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
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. Mukesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-41424040 |
|
Date : |
21.03.2013 |
LOCATIONS
|
Registered Office / Admin Office : |
127-128, Laxmi Market, Vartak Nagar, Thane (West)-400606, Maharashtra,
India |
|
Tel. No.: |
91-22-41424040-69 (29 lines)/ 25888153/ 25888144 |
|
Fax No.: |
91-22-25855120 / 41424070 |
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E-Mail : |
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Website : |
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|
Area : |
1600 sq ft |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
1/ 2/ 3/ 4, Adarsh Apartment, Sector 20/C, Airoli, Navi Mumbai, |
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Tel. No.: |
91-22-65114172 |
|
Area : |
1000 sq ft |
|
Location : |
Owned |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Sanjay Prabhakar Bawsay |
|
Designation : |
Director |
|
Address : |
AL/6/3/14, Ashiana Apartments, Sector-5, Airoli, Navi Mumbai-400708, |
|
Date of
Birth/Age : |
25.10.1957 |
|
Qualification : |
B.A. with DBM |
|
Date of Appointment : |
19.10.2000 |
|
DIN No.: |
00321876 |
|
|
|
|
Name : |
Mrs. Madhavi Sanjay Bawsay |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
AL/6/3/14, Ashiana Apartments, Sector-5, Airoli, Navi Mumbai-400708, |
|
Date of
Birth/Age : |
09.12.1958 |
|
Qualification : |
Diploma in Nursing |
|
Date of Appointment : |
29.01.2001 |
|
DIN No.: |
00526269 |
KEY EXECUTIVES
|
Name : |
Mr. Mukesh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sanjay Prabhakar Bawsay |
68500 |
|
Madhavi Sanjay Bawsay |
31500 |
|
Total
|
100000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Life Saving Drugs and Medicines. |
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Exports : |
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Products : |
Finished goods |
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Countries : |
Srilanka |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (60 days) |
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Purchasing : |
Cash and Credit (60 days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Hospitals Medical Institution and End users
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No. of Employees : |
175 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Shyam Shankar Mhaskar Chartered Accountant |
|
Address : |
31, 2nd Floor, Laxmi Niwas Co-operative Housing Society, Ghantali
Road, Naupada, Thane-400602, Maharashtra, India |
|
Tel. No.: |
91-22-25376574 |
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Mobile No.: |
91-9833200084 |
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PAN No.: |
AAWPM9348P |
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|
|
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Subsidiary : |
Vacc-Syn Biotech Private Limited U24230MH2007PTC172190 Address: Badlapur, Mumbai, Maharashtra, India Line of Business: Manufacturer of Life Saving Drugs and Medicines. |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/-
each |
Rs. 10.000
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 |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
1.425 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
134.276 |
101.665 |
67.261 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
144.276 |
111.665 |
68.686 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
121.243 |
147.165 |
69.927 |
|
|
2] Unsecured Loans |
23.758 |
0.000 |
1.377 |
|
|
TOTAL BORROWING |
145.001 |
147.165 |
71.304 |
|
|
DEFERRED TAX LIABILITIES |
0.307 |
0.310 |
0.288 |
|
|
|
|
|
|
|
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TOTAL |
289.584 |
259.140 |
140.278 |
|
|
|
|
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APPLICATION OF FUNDS |
|
|
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|
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|
FIXED ASSETS [Net Block] |
51.227 |
52.247 |
12.486 |
|
|
Capital work-in-progress |
0.000 |
1.069 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
18.500 |
10.100 |
5.875 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
111.370
|
212.696
|
68.195
|
|
|
Sundry Debtors |
112.440
|
45.827
|
60.669
|
|
|
Cash & Bank Balances |
0.361
|
7.125
|
15.820
|
|
|
Other Current Assets |
73.978
|
90.826
|
0.000
|
|
|
Loans & Advances |
78.387
|
40.226
|
84.614
|
|
Total
Current Assets |
376.536
|
396.700
|
229.298 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
124.682
|
141.151
|
52.677
|
|
|
Other Current Liabilities |
2.425
|
1.817
|
4.605
|
|
|
Provisions |
29.572
|
58.008
|
50.105
|
|
Total
Current Liabilities |
156.679
|
200.976
|
107.387 |
|
|
Net Current Assets |
219.857
|
195.724
|
121.911
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.006 |
|
|
|
|
|
|
|
|
TOTAL |
289.584 |
259.140 |
140.278 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
529.900 |
515.600 |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL (A) |
NA |
NA |
410.200 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
NA |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
72.359 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
2.518 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
52.021 |
72.158 |
69.841 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.165 |
1.330 |
1.379 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
50.856 |
62.056 |
68.462 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
17.000 |
20.522 |
25.132 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
33.856 |
41.534 |
43.330 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
298.536 |
|
|
TOTAL IMPORTS |
NA |
NA |
298.536 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
338.57 |
415.34 |
3040.71 |
|
Expected Sales (2012-2013): Rs. 520.000 Millions
The above information has been parted by Mr. Mukesh (Accounts
Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
10.56
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.60
|
12.04 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.89
|
13.82 |
28.32
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.56 |
1.00
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.01
|
1.32 |
1.04
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.40
|
1.97 |
2.14
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Human Bioplazma, Hungry-Direct |
38.001 |
|
52.677 |
|
Kamada Limited, Israel-Direct |
24.924 |
10.621 |
|
|
Ked Pharmaceuticals AG |
40.519 |
98.957 |
|
|
Vaccine International Pte. Limited |
21.214 |
5.247 |
|
|
Saveshwari Infocom Private Limited |
0.024 |
0.000 |
|
|
Total |
124.682
|
141.152 |
52.677 |
|
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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 |
No |
NOTE
The registered office of the company has been shifted from
AL-6/3/14/Ashiana Apartment, Sector 5, Airoli, Navi Mumbai-400708, Maharashtra,
India to the present address w.e.f.
28.07.2009
UNSECURED LOAN
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
S E Investment |
4.049 |
0.000 |
|
Loan from Dhanlaxmi Bank |
2.018 |
0.000 |
|
Karma Booking Private Limited |
8.450 |
0.000 |
|
S E Investment |
8.400 |
0.000 |
|
Loan from Dhanlaxmi Bank |
0.841 |
0.000 |
|
Total |
23.758 |
0.000 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U85195MH2000PTC129252 |
|
Name of the company |
SYNERGY DIAGNOSTICS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
127-128, Laxmi Market, 1st Floor, Vartak Nagar, Thane-400606, Maharashtra, India Email: synergy.diagnostics@vsnl.net |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10198244 |
|
Type of charge |
|
|
Particular of charge holder |
Bank of India, Vandana House Near Vandana Cinema, L B S Marg, Thane - 400602, Maharashtra, India |
|
Nature of instrument creating charge |
Supplemental Deed Of Hypothecation Dated 9.5.2012 (6th) |
|
Date of instrument Creating the charge |
09.05.2012 |
|
Amount secured by the charge |
Rs.230.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 1. FOR WCFBL@3.5% over base rate presently 14% p.a. With monthly rest 2. For NFBL: Commission As Applicable Terms of Repayment Repayable with interest @ 3.5% over br presently 14% p.a. With monthly rest Margin 1. Cash credit-25% against stock -40% against book debts 2. Inland/Foreign L/C-20% TDR 3. Inland Bank Guarantee-20% TDR Extent and Operation of the charge Original hyp chrge of 80.000 millions dt. 17.12.09 increased to 105.000 millions on 20.08.10 increased to 125.000 millions on 27.08.10 reduced to 100.000 millions and increased to 150.000 millions on 18.12.10 increased to 195.000 millions on 08.03.11 reduced to 180.000 millions on 09.06.11 modified terms on 25.10.11 now increased to 230.000 millions. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
All tangible movable machineries installed in borrowers premises godown at gala no 127 to 129 Laxmi Market Vartak Nagar Thane And Shop No 1 to 4 Plot No 8-81 Sector 20 Airoli Navi Mumbai All tangible movable properties assets and stocks of raw material situated at gala no 127 to 129 laxmi market vartak nagar thane and Shop No 1 to 4 Plot No 8-81 sector 20 Airoli Navi Mumbai All present and future book debts outstandings |
|
Date of instrument modifying the charge |
25.10.2011 |
|
Particulars of the present modification |
Original hypothecation charge of 80.000 millions increased to 105.000 millions further increased to 125.000 millions reduced to 100.000 millions then increased to 150.000 millions further increased to 195.000 millions reduced to 180.000 millions which remained to 180.000 millions on modified terms on 25/10/11 now increased to 230.000 millions comprising of WCFBL 140.000 millions and NFBL 90.000 millions. |
FIXED ASSETS
- Land at Badalapur
- Industrial Building
- Land Ambernath
- Office Premises
- Godown
- Office Equipments
- Plant and Machinery
- Furniture and Fixture
- Vehicles
- Computers
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.54.28 |
|
|
1 |
Rs.82.06 |
|
Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.