MIRA INFORM REPORT
|
Report Date : |
12.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
IRIS HEALTHCARE TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-103/104, Sagar Garden, LBS Marg, Mulund West, Mumbai – 400080,
Maharashtra |
|
|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.01.2008 |
|
|
|
|
Com. Reg. No.: |
11-180697 |
|
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Capital
Investment / Paid-up Capital : |
Rs.15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85100MH2008PTC180697 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, importers, exporters, dealers, agents and/or suppliers of
clinical diagnostics reagents and analysers, laboratory chemicals and
analysers, analytical instruments and devices, hospital products. Surgical
and scientific apparatus. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 172000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Reserve of the company seems to be low. However, the rating reflects improved financial risk profile marked by
fair profitability levels and sound capital base of the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from
$31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports
and moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced. The
defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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 DENIED BY
|
Name : |
Mr. Suhas |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-25921625 |
|
Date : |
09.04.2014 |
LOCATIONS
|
Registered Office : |
C-103/104, Sagar Garden, LBS Marg, Mulund West, Mumbai – 400080,
Maharashtra, India |
|
Tel. No.: |
91-22-25921625 / 25921626 |
|
Fax No.: |
91-22-25921627 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 25.09.2013
|
Name : |
Mr. Sreeram Gopal |
|
Designation : |
Director |
|
Address : |
704, 1th Floor, B Wing, Swapna Nagar, Mulund West, Mumbai – 400080,
Maharashtra, India |
|
Date of Birth/Age : |
20.09.1968 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
00134716 |
|
|
|
|
Name : |
Mrs. Vijaylakshmi Subramanian |
|
Designation : |
Director |
|
Address : |
Sai Vignesh Nivas No.8, Fourth Street, Ganapathy Nagar, Anakaputhur,
Chennai – 600070, Tamilnadu, India |
|
Date of Birth/Age : |
12.09.1969 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
01766590 |
KEY EXECUTIVES
|
Name : |
Sudhanwa S Kalamkar and Associates |
|
Designation : |
Company Secretary |
|
Address : |
B-1/12, Vijay Wadi Niwas CHS Limited, Lokmanya Tilak Road, Mulund
East, Mumbai – 400081, Maharashtra, India |
|
Tel. No.: |
91-22-25633027 / 3047 |
|
|
|
|
Name : |
Mr. Suhas |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 25.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sreeram Gopal |
300000 |
20.00 |
|
Indra Chemicals Private Limited |
825000 |
55.00 |
|
P. Sri Hari |
135000 |
9.00 |
|
Sarita Thadhani |
45000 |
3.00 |
|
Sandeep Debroy |
45000 |
3.00 |
|
Srinivasan T |
45000 |
3.00 |
|
Sushanta Senn |
45000 |
3.00 |
|
S Padmaja Reddy |
60000 |
4.00 |
|
Total |
1500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2013
|
Category |
Percentage |
|
Bodies corporate |
55.00 |
|
Directors or relatives of Directors |
20.00 |
|
Other top fifty shareholders |
25.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, importers, exporters, dealers, agents and/or suppliers
of clinical diagnostics reagents and analysers, laboratory chemicals and analysers,
analytical instruments and devices, hospital products. Surgical and
scientific apparatus. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Financial Institutions : |
Siemens Financial
Services Private Limited, 130, Pandurang Budhkar Marg, Worli, Mumbai – 400018, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
R. Shrinivas Chartered Accountants |
|
ADDRESS : |
Flat No. 9, Abirami Royale, # 73, 1st Avenue, Indire Nagar,
Chennai – 600020, Tamilnadu, India |
|
Tel. No.: |
91-22-25633027 / 3047 |
|
PAN No.: |
AAGPS00116D |
CAPITAL STRUCTURE
As on 25.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 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 |
15.000 |
10.000 |
0.100 |
|
(b) Reserves & Surplus |
5.260 |
0.128 |
(12.040) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
22.615 |
16.965 |
26.865 |
|
Total
Shareholders’ Funds (1) + (2) |
42.875 |
27.093 |
14.925 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
1.369 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
6.350 |
12.075 |
10.750 |
|
(d) long-term provisions |
1.793 |
1.314 |
0.000 |
|
Total Non-current
Liabilities (3) |
9.512 |
13.389 |
10.750 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
36.382 |
13.567 |
9.463 |
|
(b) Trade
payables |
26.777 |
25.650 |
43.694 |
|
(c) Other
current liabilities |
10.308 |
13.759 |
10.250 |
|
(d) Short-term
provisions |
4.437 |
5.376 |
3.397 |
|
Total Current
Liabilities (4) |
77.904 |
58.352 |
66.804 |
|
|
|
|
|
|
TOTAL |
130.291 |
98.834 |
92.479 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5.760 |
3.046 |
2.717 |
|
(ii)
Intangible Assets |
6.413 |
6.774 |
7.116 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
2.583 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
1.952 |
1.365 |
1.528 |
|
Total Non-Current
Assets |
16.708 |
11.185 |
11.361 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
33.305 |
30.555 |
30.875 |
|
(c) Trade receivables |
74.428 |
53.194 |
46.601 |
|
(d) Cash
and cash equivalents |
1.369 |
0.391 |
0.327 |
|
(e)
Short-term loans and advances |
4.481 |
3.509 |
3.315 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
113.583 |
87.649 |
81.118 |
|
|
|
|
|
|
TOTAL |
130.291 |
98.834 |
92.479 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
246.934 |
181.044 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
236.907 |
162.166 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.027 |
18.878 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.399 |
2.669 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
5.628 |
16.209 |
NA |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.787 |
0.669 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
4.841 |
15.540 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.291) |
3.372 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
5.132 |
12.168 |
2.583 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.128 |
(12.040) |
(14.623) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5.260 |
0.128 |
(12.040) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.42 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.08 |
6.72 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.96 |
8.58 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.79 |
15.72 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.57 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.85 |
0.50 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46 |
1.50 |
1.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Share Capital |
0.100 |
10.000 |
15.000 |
|
Reserves & Surplus |
(12.040) |
0.128 |
5.260 |
|
Share Application money
pending allotment |
26.865 |
16.965 |
22.615 |
|
Net
worth |
14.925 |
27.093 |
42.875 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
9.463 |
13.567 |
36.382 |
|
Total
borrowings |
9.463 |
13.567 |
36.382 |
|
Debt/Equity
ratio |
0.634 |
0.501 |
0.849 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
|
181.044 |
246.934 |
|
|
|
|
36.394 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
|
181.044 |
246.934 |
|
Profit |
|
12.168 |
5.132 |
|
|
|
6.72% |
2.08% |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two 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 |
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 |
BACKGROUND:
The company was incorporated o 1st April 2008 with the main object
to carry on the business as manufacturer, importers, exporters, dealers, agents
and/or suppliers of clinical diagnostics reagents and analysers, laboratory
chemicals and analysers, analytical instruments and devices, hospital products.
Surgical and scientific apparatus.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U85100MH2008PTC180697 |
|
Name of the
company |
IRIS Healthcare
Technologies Private Limited |
|
Address of the registered
office or of the principal place of
business in |
C-103/104, Sagar Garden, LBS Marg, Mulund West, Mumbai – 400080,
Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being
pledge) |
|
Particular of
charge holder |
Siemens Financial
Services Private Limited, 130, Pandurang Budhkar Marg, Worli, Mumbai – 400018, Maharashtra,
India |
|
Nature of
instrument creating charge |
Loan agreement
and hypothecation agreement |
|
Date of
instrument Creating the charge |
28.02.2014 |
|
Amount secured by
the charge |
Rs.3.123 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 14.50% p.a. Terms of Repayment
Repayable in 36
months Margin Contributed by
borrower Extent and
Operation of the charge First and
exclusive charge of Siemens Financial Services Private Limited on asset financed
vide agreement dated 28.02.2014. asset details as mentioned in point no.15 |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
1 no. of Siemens
ADVIA Centaur XP Immunoassay system (refurb) with all its accessories- Sl
no.: IRL77710707-Installed at Dr. Remedies Labs,A3,Sharma Complex, Titus
Plaza, Dwarakpuri Lane, Punjagutta, Hyderabad, Andhra Pradesh, India |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.60.27 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
42 |
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.