MIRA INFORM REPORT
|
Report Date : |
09.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNITED BIOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-142, Saket, New Delhi – 110017 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
31.01.1997 |
|
|
|
|
Com. Reg. No.: |
55-084814 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.45.363 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239DL1997PTC084814 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELU02630F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU1839L |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Pharmaceutical Products such as Formulations, Injections etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. Management has failed
to file the financial data of 2011-2012 with the government department. As per previous
year’s, the performance of the company seems to be good. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct and as per commitment. The company can
be considered for normal business dealings at usual trade terms and
condition. |
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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-COOPERATIVE [91-11-40651100]
LOCATIONS
|
Registered Office : |
E-142, Saket, New Delhi – 110017, India |
|
Tel. No.: |
91-11-26855082/
40651100 |
|
Fax No.: |
91-11-26855082/
66607096 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
FC/B-1 (Extn.), Mohan Co-operative
Industrial Estate, Mathura Road, New Delhi –
110044, India |
|
Tel. No.: |
91-11-40651100/
66607095/ 66403098/ 99/ 26940762 |
|
Fax No.: |
91-11-66607096/
66607091 |
|
E-Mail: |
|
|
|
|
|
Factory : |
Bagbania, Baddi, Nalagarh
Road, District Solan – 174101, Himachal Pradesh, India |
|
Te. No.: |
91-1795-236904/ 5/ 6 |
|
Fax No.: |
91-1795-236604 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Rajiv Kumar |
||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
E-142, Saket, Delhi – 110017, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.04.1963 |
||||||||||||||||||||||||||||||||
|
Qualification : |
Bachelor in Pharma |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.04.2008 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00073944 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Kavita Gakhar |
||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
E-142, Saket, Delhi – 110017, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.10.1970 |
||||||||||||||||||||||||||||||||
|
Qualification : |
MA |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2007 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00073976 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Kailash Devi |
||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
E-142, Saket, Delhi – 110017, India |
||||||||||||||||||||||||||||||||
|
Qualification : |
MA |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.04.2008 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00074289 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjeev Kumar |
||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||||||||||||||
|
Address : |
House No. E-142, Saket Malviya Nagar, Delhi – 110017, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.09.1966 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B. Pharma |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.04.2007 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01691559 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Rajiv Kumar |
59233 |
|
Kailash Devi |
59233 |
|
Kavita Gakhar |
59234 |
|
Monika Gakhar |
59233 |
|
Ashwani Kumar |
59233 |
|
Sanjeev Kumar |
98233 |
|
Preeti Gakhar |
59234 |
|
|
|
|
Total |
453633 |
AS ON 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical
Products such as Formulations, Injections etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
· Oriental Bank of Commerce, Hauz Khas Branch, New Delhi, India · Standard Chartered Bank · ICICI Bank Limited · HDFC Bank Limited |
|
|
|
|
Auditors : |
|
|
Name : |
VPGS and Company Chartered Accountants |
|
Address : |
3208, II Floor, |
|
Tel. No.: |
AAGFA7822G |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
453633 |
Equity Shares |
Rs. 100/- each |
Rs. 45.363 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 |
45.363 |
45.363 |
45.363 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1743.614 |
1236.919 |
809.765 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1788.977 |
1282.282 |
855.128 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
1.529 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
4.200 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
5.729 |
|
|
DEFERRED TAX LIABILITIES |
1.268 |
1.425 |
1.837 |
|
|
|
|
|
|
|
|
TOTAL |
1790.245 |
1283.707 |
862.694 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
444.144 |
441.043 |
459.201 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
218.535
|
187.193 |
174.717 |
|
|
Sundry Debtors |
185.510
|
200.319 |
163.893 |
|
|
Cash & Bank Balances |
812.299
|
430.636 |
97.138 |
|
|
Other Current Assets |
117.976
|
83.617 |
81.368 |
|
|
Loans & Advances |
221.188
|
130.262 |
35.601 |
|
Total
Current Assets |
1555.508
|
1032.027 |
552.717 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
50.764 |
|
|
Other Current Liabilities |
105.648
|
116.045 |
57.204 |
|
|
Provisions |
103.759
|
73.539 |
41.698 |
|
Total
Current Liabilities |
209.407
|
189.584 |
149.666 |
|
|
Net Current Assets |
1346.101
|
842.443 |
403.051 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.221 |
0.442 |
|
|
|
|
|
|
|
|
TOTAL |
1790.245 |
1283.707 |
862.694 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
1266.664 |
1003.349 |
810.229 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
721.952 |
544.194 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
544.712 |
459.155 |
(Including
Depreciation) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.260 |
26.566 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
520.452 |
432.589 |
333.327 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
103.602 |
73.127 |
42.050 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
416.850 |
359.462 |
291.277 |
|
|
|
|
|
|
|
|
|
Add |
TAX Paid U/S
115JB (MAT) Carried Forward |
89.845 |
67.692 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1236.919 |
809.765 |
484.360 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
1743.614 |
1236.919 |
809.765 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
918.91 |
792.41 |
642.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
32.91
|
35.83 |
35.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.03
|
29.37 |
32.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.34 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.43
|
5.44 |
3.69 |
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 |
No |
|
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 |
No |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
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 |
BUSINESS
OPERATIONS
This year had been marked as a year of outstanding commercial
productions of Baddi unit/ factory of the Company and the Company has performed
well in export market as well.
The members may note that the new Lyophilizer (Machinery used for
manufacturing Lyophilized Injections) acquired by the Company during the
previous year has already been installed and production has bee commenced
The Company is undertaking major expansion of plant and machinery in the
existing unit at Bagbania, Baddi-Nalagarh and expecting the completion of these
expansions within this financial year.
The export turnover of the Company has been tremendously increased by 10
times to Rs. 35.550 Millions against the previous years export turnover
amounting to Rs. 3.546 Millions. The major export markets are
The Company has already registered its products in
The Company started its own direct marketing operations in
The Company has already submitted the Dossiers for
registering products at
NEW PRODUCTS LAUNCHED
Ertapenem Injection, Cyclosporin Softgelatin Capsules, Cefepime Injection, Cefepime + Tazobactam Injection, Ceftazidime + Tazobactam Injection, Ceftriaxone + Tazobactam Injection, Tigecycline Injection, etc.
NEW PRODUCTS IN
PIPELINE
Phenylephrine Injection, Protamine Sulphate Injection, Methotrexate Tablets, Nicardipine Injection (for Export), Nitroglycerine Tablets (for Export) etc.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24239DL1997PTC084814 |
|
Name of the
company |
UNITED BIOTECH PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E-142, Saket, New Delhi – 110017, India |
|
This form is for |
Modification
of Charge |
|
Charge
identification (ID) number of the charge to be modified |
90337196 |
|
Type of charge |
Immovable
Property Book Debts Floating Charge Others (Stocks) |
|
Particular of
charge holder |
Oriental Bank of
Commerce, Hauz Khas Institutional Area, New Delhi-110016, India Email : bm0562@obc.co.in |
|
Nature of
instrument creating charge |
Supplemental
Agreement to secure credit/ loan facilities |
|
Date of
instrument Creating the charge |
04.02.2013 |
|
Amount secured by
the charge |
Rs. 62.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest: Base Rate +3.50% Terms of Repayment: Payable on
demand. Margin: As per agreement Extend and Operation of the charge: 100% Others: The above is to
secure the credit facilities of Rs 62.500 Millions, granted by the Bank to
the company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
1. Hypothecation of Stock and Book Debts both
present and future of the company. 2. Equitable Mortgage of factory land and
building situated at Villlage Theliwal (Dhana) Baghbnia Baddi Nalagarh Road,
Teh Nalagarh District Solan area 4.48 acre in the name of the company. |
|
Date of Last Modification |
13.05.2012 |
|
Particulars of
the present modification |
The various
credit facilities enhanced to Rs 62.500 Millions Other term and
condition remain the same |
FIXED ASSETS:
· Land
· Factory Building
· Plant and Machinery
· Electrical Installation
· Furniture and Fixture
· Vehicles
· Computers
· Office Equipment
· Capital Work in Progress
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 records 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. 61.69 |
|
|
1 |
Rs. 99.20 |
|
Euro |
1 |
Rs. 83.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.