MIRA INFORM REPORT
|
Report Date : |
14.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
MEHTA API PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
314, 315-318 Janki Centre, Plot No.29, Shah Industrial, Estate, Off Veera
Desai Road, Andheri (West), Mumbai – 400053, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.03.1987 |
|
|
|
|
Com. Reg. No.: |
11-043003 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1987PTC043003 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS41431F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS9868B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing and Exporter of API and Advance Drug
Intermediates. |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 380000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but Correct |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record.
There appears drastic fall in the profitability, borrowing seems to be
increasing over years. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit: BB |
|
Rating Explanation |
Having moderate risk of default regarding
timely servicing of financial obligation |
|
Date |
January,
2013 |
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. Mathew |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-61459500 |
|
Date : |
11.10.2013 |
LOCATIONS
|
Registered Office / Head Office : |
314, 315-318 Janki Centre, Plot No.29, Shah Industrial, Estate, Off Veera
Desai Road, Andheri (West), Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-66926541/61459500 |
|
Fax No.: |
91-22-66925901/26730129 |
|
E-Mail : |
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|
|
|
|
Website : |
|
|
|
|
|
Factory : |
Gut No. 546,519, 520 & 571, Behind Plot No. N-211, Village
Kumbhavli, Taluka Palghar, District |
|
Tel. No.: |
91-2525-645438 / 39 / 605010 |
|
Fax No.: |
91-2525-275780 / 90 |
|
|
|
|
Tarapur Plant: |
Behind RMI Group, Near Plot No. N-211, Village Kumbhavali, Adjacent to
MIDC Area, Trarapur, Taluka-Palghar, District-Thane, Pin-401506, Maharashtra |
|
Tel. No.: |
91-2525-645438/39 |
|
Fax No.: |
91-2525-275780/90 |
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Harshadrai Prabhudas Mehta |
|
Designation : |
Managing Director |
|
Address : |
B-201/202, Mohan Villa, |
|
Date of Appointment : |
01.04.1987 |
|
DIN No.: |
00796610 |
|
PAN No.: |
AABPM1999B |
|
|
|
|
Name : |
Mr. Devendra Harshadrai Mehta |
|
Designation : |
Director |
|
Address : |
B-201-202, Mohan Villa, Bajaj Road, Vile Parle (West), Mumbai – 400
056, Maharashtra, India |
|
Date of Appointment : |
01.01.2001 |
|
DIN No.: |
00796682 |
|
PAN No.: |
AABPM0360J |
|
|
|
|
Name : |
Mr. Yogin Harshadrai Mehta |
|
Designation : |
Director |
|
Address : |
B-201-202, Mohan Villa, Bajaj Road, Vile Parle (West), Mumbai – 400
056, Maharashtra, India |
|
Date of Appointment : |
01.01.2001 |
|
DIN No.: |
00796692 |
|
PAN No.: |
AABPM0364N |
|
|
|
|
Name : |
Mr. Vijay Lachmn Kripalani |
|
Designation : |
Additional Director |
|
Address : |
801, 8th Floor, A-Wing Vanmli Society, Opp Dukes Factory,
Off Sion Trombay Road, Chember, Mumbai – 400071, Maharashtra, India |
|
Date of Appointment : |
04.10.2013 |
|
DIN No.: |
00033759 |
|
|
|
|
Name : |
Mr. Anil Balkrishna Ghogare |
|
Designation : |
Director |
|
Address : |
Flat No.104, 1st Floor, Rajnigndha Chs, Plot No. 106, Gorai
2, Borivali West, Mumbai – 400091, Maharashtra, India |
|
Date of Appointment : |
04.10.2012 |
|
DIN No.: |
00432659 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.202
|
Names of Shareholders |
No. of Shares |
|
Harshadrai Mehta |
35833 |
|
Devendra Mehta |
28670 |
|
Yogin Mehta |
28670 |
|
Manisha Mehta |
500 |
|
Mehta Chemicals, |
1000 |
|
H. P. Mehta (HUF) |
1000 |
|
Kundanbala Mehta |
1833 |
|
Darshana Mehta |
500 |
|
|
|
|
Total |
98006 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
2.04 |
|
Directors or relatives of Directors |
97.96 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporter of API and Advance Drug
Intermediates. |
|
|
|
|
Exports : |
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Products : |
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|
Countries : |
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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 |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and OEM’s |
||||||||||||||||||
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||||||||||||||||||
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No. of Employees : |
120 (Approximately) |
||||||||||||||||||
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|
||||||||||||||||||
|
Bankers : |
·
Central Bank of Kasturi Building, J Tata Road, Churchgate,
Mumbai – 400020, Maharashtra, India ·
HDFC Bank Limited ·
Axis Bank Limited ·
State Bank of India |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V J Shah and Company Chartered Accountants |
|
Address : |
1st Floor, HIra Niwas, 46, Mody Street, CST, Mumbai –
400001, Maharashtra, India |
|
PAN No.: |
AAAFV0230F |
|
|
|
|
Associates/Subsidiaries
: |
PMV Life Science Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98006 |
Equity Shares |
Rs.100/-
each |
Rs.9.800
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.800 |
9.800 |
|
(b) Reserves & Surplus |
|
86.000 |
78.573 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
95.800 |
88.373 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
115.035 |
93.918 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
115.035 |
93.918 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
196.549 |
152.264 |
|
(b) Trade
payables |
|
242.709 |
313.366 |
|
(c) Other
current liabilities |
|
54.173 |
26.751 |
|
(d) Short-term
provisions |
|
1.726 |
0.524 |
|
Total Current
Liabilities (4) |
|
495.157 |
492.905 |
|
|
|
|
|
|
TOTAL |
|
705.992 |
975.196 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
134.154 |
117.727 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.206 |
0.000 |
|
(d) Long-term Loan and Advances |
|
21.642 |
14.412 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
156.002 |
132.139 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
161.756 |
175.750 |
|
(c) Trade
receivables |
|
219.456 |
255.725 |
|
(d) Cash
and cash equivalents |
|
101.735 |
84.742 |
|
(e)
Short-term loans and advances |
|
20.319 |
21.948 |
|
(f) Other
current assets |
|
46.724 |
4.892 |
|
Total
Current Assets |
|
549.990 |
543.057 |
|
|
|
|
|
|
TOTAL |
|
705.992 |
975.196 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.401 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
49.608 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
59.009 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
44.151 |
|
|
2] Unsecured Loans |
|
|
32.474 |
|
|
TOTAL BORROWING |
|
|
76.625 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
135.634 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
69.109 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
110.913 |
|
|
Sundry Debtors |
|
|
114.855 |
|
|
Cash & Bank Balances |
|
|
0.197 |
|
|
Other Current Assets |
|
|
13.076 |
|
|
Loans & Advances |
|
|
47.767 |
|
Total
Current Assets |
|
|
286.808 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
196.159 |
|
|
Other Current Liabilities |
|
|
10.562 |
|
|
Provisions |
|
|
13.562 |
|
Total
Current Liabilities |
|
|
220.283 |
|
|
Net Current Assets |
|
|
66.525 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
135.634 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1286.000 |
1125.000 |
655.375 |
|
|
|
|
Other Income |
NA |
NA |
31.715 |
|
|
|
|
TOTAL (A) |
NA |
NA |
687.090 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Raw Materials, Packing Materials and Goods Consumption |
|
|
591.874 |
|
|
|
|
Manufacturing Expenses |
|
|
16.763 |
|
|
|
|
Administrative Expenses |
|
|
4.383 |
|
|
|
|
Payment to and provision for employees |
|
|
5.232 |
|
|
|
|
Selling and Administrative Expenses |
|
|
7.629 |
|
|
|
|
TOTAL (B) |
NA |
NA |
625.881 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
61.209 |
||
|
|
|
|
|
|
||
|
Less |
INTEREST AND
FINANCIAL CHARGES (D) |
|
|
12.959 |
||
|
|
|
|
|
|
||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
48.250 |
||
|
|
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
10.416 |
||
|
|
|
|
|
|
||
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
37.834 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
NA |
NA |
13.500 |
||
|
|
|
|
|
|
||
|
|
PROFIT AFTER TAX
(G-H) (I) |
11.000 |
42.000 |
24.334 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
22.507 |
4.675 |
||
|
|
|
|
|
|
||
|
Less |
INCOME TAX
ADJUSTMENTS OF EARLIER YEARS |
NA |
NA |
0.002 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
NA |
NA |
6.500 |
|
|
|
BALANCE CARRIED
TO THE B/S |
|
NA |
22.507 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
321.011 |
118.007 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
112.24 |
428.55 |
258.85 |
||
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1100.000 |
|
|
|
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
3.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
5.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
10.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.64 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.25
|
2.78 |
5.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.10 |
1.30 |
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 |
Yes |
|
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 |
No |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
Registered office of the company has been
shifted from 314, Janki Centre 29, Shah Industrialist, Andheri West, Mumbai – 400053, Maharashtra, India to the present address
w.e.f 25.01.2012
UNSECURED LOAN:
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long Term
Borrowing |
|
|
|
Term loans from bank |
20.803 |
0.000 |
|
Loans and Advances from related parties |
92.758 |
58.278 |
|
|
|
|
|
Total |
113.561 |
58.278 |
FINANCIAL RESULTS:
The company has been able to affect the Total Sales of Rs. 1286.000 Millions (Previous year Rs.1125 Millions) an increase of 14.31%. Profit after tax of Rs.11.000 Millions (Previous Year Rs.42.000 Millions) a decrease of 73.81%.
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10013362 |
06/09/2012 * |
643,400,000.00 |
CENTRAL BANK OF INDIA |
KASTURI BUILDING, OPP. PETROLEUM HOUSE, J
TATA ROAD, CHURCHGATE, MUMBAI, Maharashtra - 400020, INDIA |
B58837063 |
* Date of charge modification
FIXED ASSETS
·
Buildings
·
Furniture and Fixtures
·
Office Equipment
·
Vehicles
·
Plant and Machineries
·
Computers
PROFILE
Subject engaged in manufacturing and marketing of APIs and Advance Drug Intermediates.... Globally.
Highly commitment to Excellence
in Product Quality and adherence to stringent delivery schedule. Exports to
about 20 countries including Regulated Markets - spanning all 6 continents. A
technology driven company setting up high benchmarks for quality has strong API
processing and manufacturing capability
Subject evolving as a research
driven organization focusing on manufacturing and marketing of APls and Advance
Intermediates. It is led by visionary management with its ambitious plans. The
company has capacity to manufacture multi step highly complex, high potent,
chiral and semi-systhetic APls. Exporting worldwide to 20 countries including
Regulated Markets - spanning across 6 continents.
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.61.15 |
|
|
1 |
Rs.92.76 |
|
Euro |
1 |
Rs.82.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.