|
Report Date : |
19.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
SYNERGY DIAGNOSTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
127-128, Laxmi Market, 1st Floor, Vartak Nagar,
Thane-400606, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.10.2000 |
|
|
|
|
Com. Reg. No.: |
11-129252 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85195MH2000PTC129252 |
|
|
|
|
IEC No.: |
0300048106 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNES09252A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS9451N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Life Saving Drugs and Medicines. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 590000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears drastic dip in sales and profit of the company in 2013. However, trade relations are fair. Business is active. Payment terms are
slow but correct. The company can be considered for business dealing with some 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 – 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 |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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/ 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 |
|
E-Mail : |
contact@synergydiagnostics.in
(Headoffice) synergy.diagnostics@vsnl.net (Corporate) contact@synergydiagnostics.in (Sales Department) hrd@synergydiagnostics.in (HR Departmenmt) pmt@synergydiagnostics.in (Medical Services) |
|
Website : |
|
|
Area : |
1600 sq ft |
|
Location : |
Owned |
|
|
|
|
Storage and Despatch : |
1/ 2/ 3/ 4, Adarsh Apartment, Sector 20/C, Airoli, Navi Mumbai -
400708, |
|
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,
|
||||||||||||||||||||||||
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Date of
Birth/Age : |
25.10.1957 |
||||||||||||||||||||||||
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Qualification : |
B.A. with DBM |
||||||||||||||||||||||||
|
Date of Appointment : |
19.10.2000 |
||||||||||||||||||||||||
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DIN No.: |
00321876 |
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Other
Directorship:
|
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|
||||||||||||||||||||||||
|
Name : |
Mrs. Madhavi Sanjay Bawsay |
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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 |
||||||||||||||||||||||||
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DIN No.: |
00526269 |
||||||||||||||||||||||||
|
Other
Directorship:
|
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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 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
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. |
GENERAL INFORMATION
|
Suppliers : |
· Human Bioplazma, Hungry · Kamada Limited, Israel · Ked Pharmaceuticals AG · Vaccine International Pte. Limited · Saveshwari Infocom Private Limited · Amit Printers · Ishan Arts · Kaustubh Prints · Satyam Plastics |
||||||||||||||||||||||||||||||||||||
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No. of Employees : |
Not Available |
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|
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Bankers : |
· Bank of India, L B S Road, Panchpakhadi, Thane - 400602, Maharashtra, India · Ratnakar Bank Limited, Shahupuri, Kolhapur - 416001, Maharashtra, India · Canara Bank · Bank of India · ICICI Bank Limited |
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Fullerton India Credit Company Limited, Megh Towers, Third Floor, Old No-307, New No-165, Poonamallee High Road, Maduravoyal, Chennai - 600095, Tamilnadu, India |
|
|
|
|
Auditors : |
|
|
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 |
|
Mobile No.: |
91-9833200084 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAWPM9348P |
|
|
|
|
Subsidiary Company: |
Vacc-Syn Biotech Private Limited CIN No.: U24230MH2007PTC172190 |
CAPITAL STRUCTURE
As on 31.03.2013
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 |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
138.953 |
134.276 |
101.665 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
148.953 |
144.276 |
111.665 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
49.132 |
6.067 |
0.177 |
|
(b) Deferred tax liabilities (Net) |
0.742 |
0.307 |
0.310 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
49.874 |
6.374 |
0.487 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
218.860 |
138.934 |
146.988 |
|
(b) Trade
payables |
53.350 |
124.682 |
141.151 |
|
(c) Other
current liabilities |
18.574 |
3.925 |
1.817 |
|
(d) Short-term
provisions |
34.766 |
28.072 |
58.007 |
|
Total Current
Liabilities (4) |
325.550 |
295.613 |
347.963 |
|
|
|
|
|
|
TOTAL |
524.377 |
446.263 |
460.115 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
86.555 |
51.227 |
52.247 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
1.069 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
18.500 |
18.500 |
10.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.843 |
2.852 |
11.661 |
|
(e) Other
Non-current assets |
0.057 |
0.086 |
0.143 |
|
Total Non-Current
Assets |
107.955 |
72.665 |
75.220 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
157.072 |
111.370 |
212.696 |
|
(c) Trade
receivables |
12.866 |
112.440 |
45.827 |
|
(d) Cash
and cash equivalents |
3.450 |
0.361 |
7.125 |
|
(e)
Short-term loans and advances |
168.661 |
75.535 |
28.564 |
|
(f) Other
current assets |
74.373 |
73.892 |
90.683 |
|
Total
Current Assets |
416.422 |
373.598 |
384.895 |
|
|
|
|
|
|
TOTAL |
524.377 |
446.263 |
460.115 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
323.925 |
526.898 |
515.600 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.213 |
52.021 |
72.158 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.403 |
1.165 |
1.330 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.810 |
50.856 |
62.056 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.134 |
17.000 |
20.522 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.676 |
33.856 |
41.534 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
46.76 |
338.57 |
415.34 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.10
|
9.65
|
12.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.35
|
10.22
|
13.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.35
|
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.80
|
1.01
|
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.26
|
1.11 |
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 |
Yes |
|
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] |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10451091 |
03/09/2013 |
75,000,000.00 |
FULLERTON INDIA CREDIT COMPANY LIMITED |
MEGH TOWERS, THIRD FLOOR, OLD NO-307, NEW NO-165, POONAMALLEE HIGH ROAD, MADURAVOYAL, CHENNAI - 600095, TAMILNADU, INDIA |
B85743003 |
|
2 |
10353119 |
22/03/2012 |
165,000,000.00 |
BANK OF INDIA |
VANDANA HOUSE NEAR VANDANA CINEMA, LAL BAHADUR SHASTRI MARG PANCHPAKHADI, THANE - 400602, MAHARASHTRA, INDIA |
B38750790 |
|
3 |
10344676 |
04/02/2012 |
14,000,000.00 |
S. E. INVESTMENTS LIMITED |
S-547IIND FLOOR MAIN ROAD, SHAKAR PUR, NEW DELHI - 110092, INDIA |
B35928860 |
|
4 |
10210840 |
09/03/2010 |
390,000.00 |
BANK OF INDIA |
L B S ROAD, PANCHPAKHADI, THANE - 400602, MAHARASHTRA, INDIA |
A82278904 |
|
5 |
10200457 |
22/10/2013 * |
230,000,000.00 |
BANK OF INDIA |
L B S ROAD, PANCHPAKHADI, THANE - 400602, MAHARASHTRA, INDIA |
B89050033 |
|
6 |
10198244 |
09/05/2012 * |
230,000,000.00 |
BANK OF INDIA |
VANDANA HOUSE NEAR VANDANA CINEMA, L B S MARG, THANE - 400602, MAHARASHTRA, INDIA |
B43644228 |
|
7 |
10198694 |
17/12/2009 |
10,000,000.00 |
BANK OF INDIA |
PANCHPAKHADI
BRANCH, VANDANA HOUSE, NEAR VANDANA |
A78218351 |
|
8 |
10198693 |
17/12/2009 |
40,000,000.00 |
BANK OF INDIA |
PANCHPAKHADI BRANCH,
VANDANA HOUSE, NEAR VANDANA |
A78217726 |
|
9 |
10172701 |
23/07/2009 |
46,700,000.00 |
BANK OF INDIA |
VANDANA HOUSE NEAR VANDANA CINEMA, L B S MARG, THANE - 400602, MAHARASHTRA, INDIA |
A68076793 |
|
10 |
10173389 |
23/07/2009 |
46,700,000.00 |
BANK OF INDIA |
VANDANA HOUSE NEAR VANDANA CINEMA, L B S MARG, THANE - 400602, MAHARASHTRA, INDIA |
A68381078 |
|
11 |
90155403 |
06/09/2005 * |
2,500,000.00 |
RATNAKAR BANK LTD |
LAXMI MARKET, THANE - 400606, MAHARASHTRA, INDIA |
- |
|
12 |
90158137 |
06/09/2005 * |
2,800,000.00 |
RATNAKAR BANK LTD |
SHAHUPURI, KOLHAPUR - 461001, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loan from Bajaj Finance Limited |
1.565 |
0.000 |
|
Loan from Dhanlami Bank |
1.081 |
2.018 |
|
Loan from ICICI Bank |
0.903 |
0.000 |
|
Loan from ECL Finance Limited |
0.939 |
0.000 |
|
Loan from Kotak Mahindra |
1.200 |
0.000 |
|
Loan from Madhavi Bawsay |
0.500 |
0.000 |
|
S E Investment |
0.000 |
4.050 |
|
Loan from Sanjay Bawsay |
18.248 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS
|
|
|
|
Loan from Bajaj Finance Limited |
0.723 |
0.000 |
|
Loan from Dhanlami Bank |
0.937 |
0.841 |
|
Loan from ICICI Bank |
1.106 |
0.000 |
|
Loan from ECL Finance Limited |
0.434 |
0.000 |
|
Loan from Kotak Mahindra |
1.532 |
0.000 |
|
Loan from Mascot Consultancy Services |
6.000 |
0.000 |
|
Karma Booking Private Limited |
0.000 |
8.450 |
|
S E Investment |
4.516 |
8.400 |
|
Total |
39.684 |
23.759 |
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.
FINANCIAL HIGHLIGHTS
The turnover of the company for the year 2012-13 reduced to Rs. 323.925 Millions from the earlier years turnover of Rs. 526.898 Millions. Correspondingly the profits reduced to Rs. 6.811 Millions as against last year’s profit of Rs. 50.857 Millions.
The company has earned a Profit |After Tax of Rs. 4.676 Millions as against last year’s Profit of Rs. 33.856 Millions in the last year, with an earning per share of Rs. 46.76 in this year.
FIXED ASSETS
· Land at Badalapur
· Industrial Building
· Land Ambernath
· Office Premises
· Godown
· Office Equipments 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.62.63 |
|
|
1 |
Rs.101.06 |
|
Euro |
1 |
Rs.84.56 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
32 |
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.