MIRA
INFORM REPORT
|
Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SARVOTHAM CARE LIMITED |
|
|
|
|
Registered
Office : |
1-20-248, Umajay Complex, 2nd Floor, Rasoolpura,
Secunderabad – 500003, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.07.1995 |
|
|
|
|
Com. Reg. No.: |
01-020979 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 41.533
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110AP1995PLC020979 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS02839E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical
Formulations such as Health, Home and Personal Care Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 450000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
management of the company has failed to file its financials with the
government department for the year 2012. There appears continuous dip in the
sales turnover of the company from last two years. It has incurred heavy loss
during 2011. However, Business is active. Payments are reported to be slow. The company can be considered for business dealings with great
caution. |
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 |
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 DECLINED
MANAGEMENT NON CO-OPERATIVE [91-40-27903226/ 27903758/ 66575454]
LOCATIONS
|
Registered Office : |
1-20-248, Umajay Complex, 2nd Floor, Rasoolpura,
Secunderabad – 500003, Andhra Pradesh, India |
|
Tel. No.: |
91-40-65215576/ 27813701/ 27903758/ 27843226/ 27903226/ 65216836 |
|
Fax No.: |
91-40-27908708/ 8700/ 271929 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
6-197/1, Quthbullapur, Jeedimetla (V), Medchal Road, Hyderabad – 500855, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23097769/ 23097737/ 23087737/ 23087769 |
|
Fax No.: |
91-40-23096542/ 23083542 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Village
Jhadrmajri, Baddi Road, Nalgarh Taluka, Solan District – 174103, Himachal
Pradesh, India |
|
Tel. No.: |
91-1795-271930-35 |
|
Fax No.: |
91-1795-271929 |
DIRECTORS
AS ON 23.09.2011
|
Name : |
Mr. Mulakala Dopesh Raja |
|
Designation : |
Director |
|
Address : |
H. No.202, Plot No.123, Amaravathi Housing Colony, Bapuji Nagar,
Bowenpally, Secunderabad – 500011, Andhra Pradesh, India |
|
Date of Birth/Age : |
26.05.1984 |
|
Date of Appointment : |
15.09.2010 |
|
DIN No.: |
01176660 |
|
|
|
|
Name : |
Mr. Mulakala Mohan Krishna |
|
Designation : |
Managing Director |
|
Address : |
H. No. 202, Plot No. 123, Amaravathy City, Hashathpet, Secunderabad –
500011, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.04.1958 |
|
Date of Appointment : |
24.07.2000 |
|
DIN No.: |
01448535 |
|
|
|
|
Name : |
Mr. Basava Raju Dontam Setty |
|
Designation : |
Director |
|
Address : |
22C-11-2, Power Pet, Eluru, West Godavari – 534002, Andhra Pradesh,
India |
|
Date of Birth/Age : |
12.08.1963 |
|
Date of Appointment : |
27.09.2003 |
|
DIN No.: |
02578263 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
A. Indusree |
|
1000 |
|
A. Madhusree |
|
1000 |
|
T. Jagadish Kumar Rao |
|
1000 |
|
B. Hela Rao |
|
19300 |
|
B. Prem Kumar (NRI) |
|
1000 |
|
B.V. Rao (NRI) |
|
31000 |
|
D. Kamala Kumari |
|
26000 |
|
D. Kishore |
|
2000 |
|
D. Madheswari Rama Chandran |
|
74000 |
|
D. Parameswari |
|
9000 |
|
D. R. Karthik |
|
4000 |
|
D. R. Sri Krishna |
|
4000 |
|
D. Srinivas |
|
10000 |
|
D. Umameheswara Rao |
|
5000 |
|
D. Vani |
|
2000 |
|
D. Vishweswara Rao |
|
21500 |
|
A. Somashekar Rao |
|
1000 |
|
G. Venkata Subba Rao |
|
1000 |
|
M. Triveni Satya |
|
20000 |
|
L. Dhana Laxmi |
|
1000 |
|
Lingarnaneni Vijaya Laxmi Eluru |
|
1000 |
|
M. Dinakar |
|
4500 |
|
M. Dopesh Raja |
|
223000 |
|
M. Karisma Kavitha |
|
2000 |
|
M. Leela Kumari |
|
46000 |
|
M. Mohan Krishna (Trust) |
|
50000 |
|
M. Mohan Krishna |
|
3085900 |
|
M. Sajan Kiran |
|
8000 |
|
M. Subbalaxmi |
|
85000 |
|
M. Sujanan Sheela |
|
238500 |
|
M Triveni |
|
10500 |
|
M V Gangadhar Rao |
|
30500 |
|
M Yasodhara Srinivas |
|
29500 |
|
M. Uma Devi |
|
10000 |
|
Kanchen Seth |
|
1000 |
|
N. Sri Mahalakshmi |
|
10000 |
|
Rayala Chandra Sekhar |
|
1000 |
|
Rayi Koumstubhamani |
|
1000 |
|
S.L.N. Rao |
|
5000 |
|
M. Sireesha Rao |
|
5000 |
|
A. Surya Kumari |
|
2000 |
|
T. Appa Rao |
|
2500 |
|
T. Sulochana Rao |
|
12600 |
|
M. Umamaheswar |
|
1000 |
|
D. Basava Raju |
|
53000 |
|
|
|
|
|
Total |
|
4153300 |
AS ON 23.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Pharmaceutical Formulations such as Health, Home and Personal Care Products. |
|
|
|
|
Products : |
v Health Care Products v Personal Care Products v
Home Care Products |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Installed Capacity |
|
Liquids of 250 ml. |
Nos. |
17050000 |
|
Liquids of 500 ml. |
Nos. |
13540000 |
|
Liquids of 4 ml. |
Nos. |
96000000 |
|
Creams of 100 gms. |
Nos. |
12000000 |
|
Powders of 500 gms. |
Nos. |
1800000 |
|
Tubes and Bottles (Baddi Unit) |
Nos. |
129400000 |
GENERAL INFORMATION
|
Customers : |
v
Amway v
Dr. Reddy's Laboratories Limited, v
Parker Robinson (Private) Limited Kolkata v
Gillette India Limited, Mumbai v
Bayer ( v
Wen Ken Group Companies, v
Cipla Limited and Lamar, Mumbai v
Johnson Diversey, Mumbai v
East India Pharmaceuticals Limited, Kolkata v
Nandan Biomatrix Limited, v
Menarini Raunaq Pharma Limited, v
Yeturu Biotech Limited, |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
v State
Bank of SIB Saifabad Branch, Hyderabad, Andhra Pradesh, India v Standard Chartered Bank, G-5, Ground Floor, Ashoka Bhopal, Chambers, Sardar Patel Road, Secunderabad – 500003, Andhra Pradesh, India v Standard Chartered Bank, 6-3-1090, Raj Bhavan Road, Somajiguda, Hyderabad – 500082, Andhra Pradesh, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.B.S. and Associates Chartered Accountants |
|
Address : |
6-2-940, Flat No.403, Padmaja Chambers, Khairatabad, Hyderabad – 500004, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFK9248F |
|
|
|
|
Related Party : (AS ON
31.03.2010) |
· Umajay Associates · Specific Laboratories Private Limited · Sarvotham Remedies Limited · Sarvotham Care · Umajay Laboratories |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4153300 |
Equity Shares |
Rs.10/- each |
Rs.41.533
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
41.533 |
36.033 |
36.033 |
|
|
2] Share Application Money |
0.121 |
5.601 |
5.581 |
|
|
3] Reserves & Surplus |
71.704 |
67.867 |
65.786 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
113.358 |
109.501 |
107.400 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
39.700 |
34.222 |
32.056 |
|
|
2] Unsecured Loans |
12.518 |
13.089 |
13.539 |
|
|
TOTAL BORROWING |
52.218 |
47.311 |
45.595 |
|
|
DEFERRED TAX LIABILITIES |
11.091 |
10.094 |
8.627 |
|
|
|
|
|
|
|
|
TOTAL |
176.667 |
166.906 |
161.622 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
105.317 |
110.284 |
92.612 |
|
|
Capital work-in-progress |
0.332 |
0.000 |
10.825 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
59.508
|
36.369
|
29.053 |
|
|
Sundry Debtors |
44.460
|
38.936
|
38.293 |
|
|
Cash & Bank Balances |
3.564
|
4.245
|
4.939 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
34.588
|
37.494
|
35.291 |
|
Total
Current Assets |
142.120
|
117.044
|
107.576 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
48.957
|
32.119
|
28.348 |
|
|
Other Current Liabilities |
21.233
|
27.713
|
18.447 |
|
|
Provisions |
0.932
|
0.590
|
2.596 |
|
Total
Current Liabilities |
71.122
|
60.422
|
49.391 |
|
|
Net Current Assets |
70.998
|
56.622
|
58.185 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.020 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
176.667 |
166.906 |
161.622 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23.800 |
24.629 |
39.740 |
|
|
|
Other Income |
13.167 |
25.333 |
25.072 |
|
|
|
TOTAL (A) |
36.967 |
49.962 |
64.812 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials Consumed |
18.603 |
17.542 |
31.140 |
|
|
|
Purchases made for re-sales |
0.000 |
0.214 |
0.188 |
|
|
|
(Increase) or decrease in finished goods, work-in-progress |
0.565 |
0.000 |
1.065 |
|
|
|
Salaries, wages and bonus |
14.638 |
14.571 |
5.686 |
|
|
|
Managerial remuneration |
0.415 |
0.480 |
4.800 |
|
|
|
Payment of auditors |
0.055 |
0.050 |
0.025 |
|
|
|
Insurance Expenses |
0.860 |
1.275 |
1.287 |
|
|
|
Power and Fuel |
2.378 |
3.968 |
0.152 |
|
|
|
Other Expenditure |
17.006 |
20.493 |
26.960 |
|
|
|
TOTAL (B) |
54.520 |
58.593 |
71.303 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
(17.553) |
(8.631) |
(6.491) |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
OTHER FINANCIAL EXPENSES (D) |
1.890 |
2.491 |
1.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(19.443) |
(11.122) |
(8.091) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.562 |
7.357 |
7.285 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(27.005) |
(18.479) |
(15.376) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(27.005) |
(18.479) |
(15.376) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(6.50) |
(5.13) |
(4.27) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(73.05)
|
(36.99)
|
(23.72) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(113.47)
|
(75.03)
|
(38.69) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.91)
|
(8.13)
|
(7.68) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.24)
|
(0.17)
|
(0.14) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.46
|
0.43
|
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.00
|
1.94
|
2.18 |
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 |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Loan From Shareholders |
0.183 |
0.183 |
|
Loan from Others |
0.350 |
0.250 |
|
Sales Tax Deferrment |
11.985 |
12.656 |
|
|
|
|
|
Total |
12.518 |
13.089 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24110AP1995PLC020979 |
|
Name of the
company |
SARVOTHAM CARE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
1-20-248, Umajay Complex, 2nd Floor, Rasoolpura,
Secunderabad – 500 003, E-Mail: l.d.reddy@gmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10113052 |
|
Type of charge |
Immovable
Property Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
Standard Chartered Bank, 6-3-1090, Raj Bhavan Road, Somajiguda, Hyderabad – 500 082, Andhra Pradesh, India E-Mail: shekar.subramanyarajeurs@sc.com |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
hypothecation |
|
Date of
instrument Creating the charge |
02.01.2012 |
|
Amount secured by
the charge |
Rs.70.000
millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: As per agreement Terms of
Repayment: 8 equal quarterly
installments from the date of drawdown starting 3rd month of
drawdown date Margin: As per agreement Extent and
Operation of the charge: The charge is
fully operated till the loan is fully repaid |
|
Short particulars
of the property charged |
First charge on
unencumbered movable fixed assets of the company Exclusive first
ranking mortgage over the properties |
|
Particulars of
the present modification |
Working Capital BD
(including CC) - Rs.50.000 millions LC (including
BG) -
Rs.5.000 millions TL (New) - Rs.15.000 millions |
FIXED ASSETS:
v Plant and Machinery
v Lab Equipments
v Miscellaneous Fixed Assets
v Computers
v Electrical Equipment
v Furniture and Fittings
v Vehicles
v Lab Equipments
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. 54.54 |
|
|
1 |
Rs. 84.19 |
|
Euro |
1 |
Rs. 71.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.