MIRA
INFORM REPORT
|
Report Date : |
06.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
HETERO MED SOLUTIONS LIMITED |
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Registered
Office : |
H. No. 7-2-A2, Hetero Corporate, Industrial Estates, Sanathnagar, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.10.2007 |
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Com. Reg. No.: |
01-055910 |
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Capital
Investment / Paid-up Capital : |
Rs.322.200 Millions |
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CIN No.: [Company Identification
No.] |
U40102TG2007PLC055910 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the retail distribution of medicines, surgical
and healthcare products. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 moderate track record. As per ROC the date of balance sheet (i.e. Financial filed) is shown as
31.03.2014 but the financials for the year 2014 are not available from any
source. As per available financials of 2013, the company has incurred some
accumulated losses. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation
arrested Manumeethi Cholan
after he accepted Rs 10 lakhs
as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central
Bank of Rs 4360 mn.
Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has
chosen India to pilot its e-commerce business model for the Asia-Pacific
region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real
estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs
7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to sack another 300 employees. The
lay-offs follow a spate of senior-level exits over the past two years, starting
with of its founder. The overall lay-offs could number around 600 and are
driven by the need to cut costs, says a former employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: BBB- |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk. |
|
Date |
07.10.2014 |
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
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON – COOPERATIVE (91-40-23704923)
LOCATIONS
|
Registered Office : |
H. No. 7-2-A2, Hetero Corporate, Industrial Estates, Sanathnagar, Hyderabad – 500018, Telangana,
India |
|
Tel. No.: |
91-40-23704923 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 29.08.2013
|
Name : |
Mr. Bandi Partha Saradhi Reddy |
|
Designation : |
Director |
|
Address : |
Plot No. 389, Road No. 22/B, Jublee Hills
Check Post, Madhapur Road, Hyderabad – 500033,
Andhra Pradesh, India |
|
Date of Birth/Age : |
06.03.1954 |
|
Qualification: |
Ph.d in organic chemistry |
|
Date of Appointment : |
15.10.2007 |
|
DIN No.: |
00015899 |
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Name : |
Mr. Srinivasa Reddy Male |
|
Designation : |
Director |
|
Address : |
Plot No. 933, Vivekananda Nagar, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India |
|
Date of Birth/Age : |
02.02.1973 |
|
Qualification: |
MBA Marketing |
|
Date of Appointment : |
15.10.2007 |
|
DIN No.: |
00016085 |
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|
|
|
Name : |
Mr. Vamsikrishna Bandi |
|
Designation : |
Director |
|
Address : |
Plot No. 389, Road No. 22/B, Jublee Hills
Check Post, Madhapur Road, Hyderabad – 500033,
Andhra Pradesh, India |
|
Date of Birth/Age : |
31.07.1983 |
|
Qualification: |
M.sc Chemical engineering |
|
Date of Appointment : |
15.10.2007 |
|
DIN No.: |
01014619 |
|
|
|
|
Name : |
Mr. Kudithi Lakshmi
Narasimha Reddy |
|
Designation : |
Whole-time director |
|
Address : |
H No. 8-3-236/2/3, Flat No. 202, Block A, Dream Home Builders, Yousuf Guda, Hyderabad –
500038, Andhra Pradesh, India |
|
Date of Birth/Age : |
25.06.1955 |
|
Date of Appointment : |
03.12.2012 |
|
DIN No.: |
06433699 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Bandi Partha Saradhi Reddy |
|
5 |
|
Srinivasa Reddy Male |
|
5 |
|
Vamsikrishna Bandi |
|
5 |
|
B Kalavathi |
|
5 |
|
Krishna Sindhuri Male |
|
5 |
|
Hetero Drugs Limited, India |
|
16109985 |
|
Hetero Labs Limited, India |
|
16109990 |
|
10Total |
|
32220000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.08.2013
|
Category |
Percentage |
|
Bodies corporate |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the retail distribution of medicines, surgical
and healthcare products. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
State Bank of Hyderabad, Sanath Nagar Branch, Industrial Estate, Sanath
Nagar,, Hyderabad - 500018, Andhra Pradesh, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
M V Narayana Reddy and Company Chartered Accountants |
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Address : |
# 504, Vijayasree Apartments, Behind Chermas, Ameerpet, Hyderabad - 500 073, Andhra Pradesh, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFM4830F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their relatives: |
· Chemi Pack (India) Private Limited, India [U21023AP2007PTC054088] · Sri sai Ashirwaad Logistics Limited, India [U74999AP2007PLC056072] · Hetero Labs Limited, India [U24110AP1989PLC009723] · Hetero Drugs Limited, India [U24230AP1993PLC015582] · Hetero Healthcare limited, India [U52520AP2006PLC049614] |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs. 350.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32220000 |
Equity Shares |
Rs.10/- each |
Rs. 322.200
Millions |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
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|
|
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|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
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|
(a) Share Capital |
322.200 |
142.200 |
142.200 |
|
(b) Reserves & Surplus |
(61.167) |
(66.753) |
(71.608) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
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|
(2) Share Application money
pending allotment |
7.001 |
132.001 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
268.034 |
207.448 |
70.592 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9.694 |
12.699 |
16.942 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
9.694 |
12.699 |
16.942 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
119.078 |
129.707 |
99.392 |
|
(b) Trade payables |
37.689 |
27.595 |
5.138 |
|
(c) Other current liabilities |
48.262 |
75.441 |
159.837 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
205.029 |
232.743 |
264.367 |
|
|
|
|
|
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TOTAL |
482.757 |
452.890 |
351.901 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
147.913 |
132.242 |
98.337 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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) |
25.142 |
28.551 |
33.051 |
|
(d) Long-term Loan and Advances |
59.915 |
56.652 |
48.937 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
232.970 |
217.445 |
180.325 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
215.919 |
174.751 |
136.373 |
|
(c) Trade receivables |
8.121 |
32.072 |
15.863 |
|
(d) Cash and cash equivalents |
6.752 |
12.377 |
7.496 |
|
(e) Short-term loans and
advances |
0.955 |
1.023 |
0.601 |
|
(f) Other current assets |
18.040 |
15.222 |
11.243 |
|
Total
Current Assets |
249.787 |
235.445 |
171.576 |
|
|
|
|
|
|
TOTAL |
482.757 |
452.890 |
351.901 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
1412.095 |
1261.919 |
970.862 |
|
|
Other Income |
0.511 |
1.395 |
0.973 |
|
|
TOTAL
(A) |
1412.606 |
1263.314 |
971.835 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
1136.028 |
1024.264 |
781.551 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(41.168) |
(38.378) |
(32.836) |
|
|
Employees benefits expense |
173.425 |
141.822 |
108.436 |
|
|
Other expenses |
105.390 |
98.992 |
84.742 |
|
|
TOTAL
(B) |
1373.675 |
1226.700 |
941.893 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
38.931 |
36.614 |
29.942 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.144 |
16.916 |
13.606 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.787 |
19.698 |
16.336 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
12.790 |
10.345 |
7.466 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
8.997 |
9.353 |
8.870 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
3.410 |
4.499 |
4.286 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
5.587 |
4.854 |
4.584 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.17 |
0.34 |
0.32 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.40 |
0.38 |
0.47 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.76 |
2.90 |
3.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.97 |
2.20 |
2.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.05 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.48 |
0.69 |
1.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.01 |
0.65 |
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 |
142.200 |
142.200 |
322.200 |
|
Reserves & Surplus |
(71.608) |
(66.753) |
(61.167) |
|
Net
worth |
70.592 |
75.447 |
261.033 |
|
|
|
|
|
|
long-term borrowings |
16.942 |
12.699 |
9.694 |
|
Short term borrowings |
99.392 |
129.707 |
119.078 |
|
Total
borrowings |
116.334 |
142.406 |
128.772 |
|
Debt/Equity
ratio |
1.648 |
1.887 |
0.493 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
970.862 |
1261.919 |
1412.095 |
|
|
|
29.979 |
11.901 |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
970.862 |
1261.919 |
1412.095 |
|
Profit |
4.584 |
4.854 |
5.587 |
|
|
0.47% |
0.38% |
0.40% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
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 |
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 |
Yes |
NOTE: Registered office of the company has been
shifted from B-97, Madhura Nagar,
Ameerpet, Hyderabad – 50038, Andhra Pradesh, India to the present address w.e.f.
24.06.2010
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10130917 |
20/02/2014 * |
300,000,000.00 |
STATE BANK OF HYDERABAD |
SANATH NAGAR BRANCH, INDUSTRIAL ESTATE, SANATH NAGAR, HYDERABAD, ANDHRA PRADESH - 500018, INDIA |
B96803671 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.96.73 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.