MIRA INFORM REPORT
|
Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
RUBICON RESEARCH PRIVATE LIMITED (w.e.f. 02.09.2002) |
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Formerly Known
As : |
RUBICON CONSULTANTS PRIVATE LIMITED |
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Registered
Office : |
221, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.05.1999 |
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Com. Reg. No.: |
11-119744 |
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Capital
Investment / Paid-up Capital : |
Rs. 210.450 Millions |
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CIN No.: [Company Identification
No.] |
U73100MH1999PTC119744 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR09729G |
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PAN No.: [Permanent Account No.] |
AABCR1422M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Services in relation to Scientific and Technical Research
and Experiments in Pharmaceutical Products. |
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1290000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating reflects sound financial risk profile marked by healthy
networth and decent profitability of the company. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 PARTED BY
|
Name : |
Madam Usha |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-61414000 |
|
Date : |
13.12.2014 |
LOCATIONS
|
Registered/ Corporate Office/ R and D Center : |
221, |
|
Tel. No.: |
91-22-61414000 (30 Hunting Lines) |
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Fax No.: |
91-22-61414021 |
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E-Mail : |
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Website : |
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Manufacturing Plant : |
Plot No. K 30/4 and 30/5, Additional MIDC, Ambernath, District Thane -
421506, |
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Tel. No.: |
91-251-2621721/ 3/ 6 |
|
Fax No.: |
91-251-2621733 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mrs. Pratibha Sudhir Pilgaonkar |
|
Designation : |
Director |
|
Address : |
6/L/801, Neelam Nagar, |
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Date of Birth/Age : |
12.06.1954 |
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Qualification : |
B.Sc.(Chemistry), B.Sc. (Tech) UTICT, |
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Date of Appointment : |
01.06.2000 |
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PAN No.: |
AAEPP4326J |
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DIN No.: |
00401516 |
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|
|
|
Name : |
Mr. Sudhir Dhirendra Pilgaonkar |
|
Designation : |
Director |
|
Address : |
6/L/801, Neelam Nagar, |
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Date of Birth/Age : |
05.05.1952 |
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Qualification : |
B.Sc.(Chemistry), B.Sc. (Tech) UTICT, |
|
Date of Appointment : |
06.05.1999 |
|
PAN No.: |
AAJPP9131C |
|
DIN No.: |
00401594 |
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|
|
|
Name : |
Ms. Maharukh Tehmasp Rustomjee |
|
Designation : |
Director |
|
Address : |
Annex 3 Flat No. 9, 5th Floor, Ness Baug, Nana Chowk, Grant
Road-West, Mumbai-500007, |
|
Date of Birth/Age : |
02.08.1962 |
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Qualification : |
M. Pharm (Pharmaceutics) UICT, |
|
Date of Appointment : |
01.06.1999 |
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PAN No.: |
AACPR4392N |
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DIN No.: |
01712573 |
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|
|
|
Name : |
Mr. Himanshu Nivsarkar |
|
Designation : |
Nominee Director |
|
Address : |
703, Frangipani C. H. S., Chandivali Farm Road, Nahar Amrit Shakti,
Near D-Mart, Sakinaka, Mumbai-400072, Maharashtra, India |
|
Date of Birth/Age : |
21.12.1976 |
|
Date of Appointment : |
17.12.2012 |
|
DIN No.: |
06452428 |
KEY EXECUTIVES
|
Name : |
Madam Usha |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders [Equity Shares] |
No. of Shares |
|
Tehmasp Rustomjee |
65000 |
|
Sudhir Dhirendra Pilgaonkar |
648700 |
|
Pratibha Sudhir Pilgaonkar |
650000 |
|
Maharukh T Rustomjee |
620000 |
|
Sudhir D Pilgaonkar and Dhirendra A Pilgaonkar |
1300 |
|
Leburu S Rao |
30000 |
|
Narendra N Borkar |
10000 |
|
Anilkumar Gandhi and Kinjal A Gandhi |
1000 |
|
Parag Sancheti |
1000 |
|
Saurabhi Sancheti |
1000 |
|
Vinay Khatu |
1502 |
|
Nimesh Shah |
2609 |
|
Nitin Shingala and Trupti Shingala |
5000 |
|
Nitin Jain and |
7889 |
|
Kotak Mahindra Trusteeship Services Limited A/c Kotak India Venture
Fund I |
1000 |
|
|
|
|
Total |
2046000 |
|
Names of Shareholders [Preference Shares] |
No. of Shares |
|
Kotak Mahindra Trusteeship Services Limited A/c Kotak |
14365238 |
|
Jamin Bhatt, Chandrashekhar Sathe and K.V.S. Manian Trustees to Kotak Employee
Investment Trust |
180005 |
|
Kotak India Venture (Offshore) Fund, Mauritius |
4453757 |
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|
|
|
Total |
18999000 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Venture capital |
0.05 |
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Directors
or relatives of directors |
97.02 |
|
Other
top fifty shareholders |
2.93 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Services in relation to Scientific and Technical Research
and Experiments in Pharmaceutical Products. |
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Products/ Services : |
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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 : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Supplier : |
Not Divulged |
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Customer : |
Not Divulged |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
¯ The Thane Janata Sahakari Bank Limited, Anant Laxmi Chember, B- Cabin, Shivaji Nagar Road, Naupada, Thane - 400602, Maharashtra, India ¯ Axis Bank Limited, Ground Floor, Axis House, Bombay Dyeing Mills Compound, Worli, Mumbai - 400025, Maharashtra, India
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B S R and Company LLP Chartered Accountants |
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Address : |
1St Floor Lodha Exceluss Apollo Mills Compound, N M Joshi Marg, Mahalaxmi, Mumbai, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries
: |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2,501,000 |
Equity Shares |
Rs. 10/- each |
Rs. 25.010 Millions |
|
18,999,000 |
Preference Shares |
Rs. 10/- each |
Rs. 189.990 Millions |
|
|
Total |
|
Rs. 215.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,046,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.460
Millions |
|
18,999,000 |
Preference Shares |
Rs. 10/- each |
Rs. 189.990 Millions |
|
|
Total |
|
Rs. 210.450
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
210.450 |
210.450 |
210.450 |
|
(b) Reserves & Surplus |
237.807 |
192.831 |
164.430 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
448.257 |
403.281 |
374.880 |
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
74.135 |
50.590 |
36.343 |
|
(b) Deferred tax liabilities (Net) |
28.120 |
21.814 |
16.714 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.341 |
0.903 |
0.799 |
|
Total Non-current
Liabilities (3) |
103.596 |
73.307 |
53.856 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
103.845 |
97.339 |
79.509 |
|
(b) Trade
payables |
46.890 |
37.825 |
64.536 |
|
(c) Other
current liabilities |
59.978 |
78.127 |
101.416 |
|
(d) Short-term
provisions |
2.733 |
4.326 |
3.728 |
|
Total Current
Liabilities (4) |
213.446 |
217.617 |
249.189 |
|
|
|
|
|
|
TOTAL |
765.299 |
694.205 |
677.925 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
405.629 |
414.285 |
407.525 |
|
(ii)
Intangible Assets |
18.864 |
15.712 |
14.345 |
|
(iii)
Capital work-in-progress |
5.445 |
10.714 |
16.828 |
|
(iv)
Intangible assets under development |
42.725 |
10.483 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.500 |
0.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
44.291 |
43.807 |
37.182 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
517.454 |
495.501 |
476.380 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
11.135 |
12.773 |
8.619 |
|
(c) Trade
receivables |
140.761 |
102.942 |
147.923 |
|
(d) Cash
and cash equivalents |
8.767 |
6.307 |
3.000 |
|
(e)
Short-term loans and advances |
29.259 |
38.243 |
24.199 |
|
(f) Other
current assets |
57.923 |
38.439 |
17.804 |
|
Total
Current Assets |
247.845 |
198.704 |
201.545 |
|
|
|
|
|
|
TOTAL |
765.299 |
694.205 |
677.925 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
417.266 |
370.914 |
347.957 |
|
|
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Other Income |
|
|
|
|
|
|
TOTAL |
417.266 |
370.914 |
347.957 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
356.848 |
331.196 |
308.682 |
|
|
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|
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PROFIT BEFORE
TAX |
60.418 |
39.718 |
39.275 |
|
|
|
|
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Less |
TAX |
15.442 |
11.317 |
14.038 |
|
|
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|
|
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|
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PROFIT AFTER TAX
|
44.976 |
28.401 |
25.237 |
|
|
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|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
192.831 |
164.430 |
139.193 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
237.807 |
192.831 |
164.430 |
|
|
|
|
|
|
|
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|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service Income |
318.195 |
NA |
NA |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.14 |
1.35 |
12.33 |
|
Expected Sales ( 2014-2015 ) : Rs.520.000 Millions
The above information has been parted by Madam Usha.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
10.78 |
7.66 |
7.25 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
14.48 |
10.71 |
11.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
8.43 |
5.91 |
5.95 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13 |
0.10 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.40 |
0.37 |
0.31 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
210.450 |
210.450 |
210.450 |
|
Reserves & Surplus |
164.430 |
192.831 |
237.807 |
|
Net worth |
374.880 |
403.281 |
448.257 |
|
|
|
|
|
|
long-term borrowings |
36.343 |
50.590 |
74.135 |
|
Short term borrowings |
79.509 |
97.339 |
103.845 |
|
Total borrowings |
115.852 |
147.929 |
177.980 |
|
Debt/Equity ratio |
0.309 |
0.367 |
0.397 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales
|
347.957 |
370.914 |
417.266 |
|
|
|
6.598 |
12.497 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
347.957 |
370.914 |
417.266 |
|
Profit |
25.237 |
28.401 |
44.976 |
|
|
7.25% |
7.66% |
10.78% |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
UNSECURED LOANS
|
Particulars |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and advances from others |
17.450 |
17.450 |
|
|
|
|
|
Total |
17.450 |
17.450 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10491308 |
18/03/2014 |
1,400,000.00 |
TJSB SAHAKARI BANK LIMITED |
ANANT LAXMI CHEMBER, B- CABIN, SHIVAJI NAGAR ROAD, |
C04058434 |
|
2 |
10442907 |
24/06/2013 |
2,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
ANANT LAXMI CHAMBERS, NAUPADA,, THANE, THANE, MAH |
B82050865 |
|
3 |
10409803 |
17/10/2014 * |
189,900,000.00 |
AXIS BANK LIMITED |
NEAR HARINIWAS CIRCLE, DHIRAJ BAUG,, LBS MARG, TH |
C33041328 |
|
4 |
10395180 |
14/12/2012 |
328,000.00 |
TJSB SAHAKARI BANK LIMITED |
ANANT LAXMI CHEMBER, B- CABIN,SHIVAJI NAGAR ROAD,, |
B65235343 |
|
5 |
10373263 |
14/08/2012 |
451,000.00 |
THE THANE JANATA SAHAKARI BANK LTD |
ANANT LAXMI CHEMBER, B- CABIN,SHIVAJI NAGAR ROAD,, |
B56687684 |
|
6 |
10373265 |
14/08/2012 |
641,000.00 |
THE THANE JANATA SAHAKARI BANK LTD |
ANANT LAXMI CHEMBER, B- CABIN,SHIVAJI NAGAR ROAD,, |
B56688658 |
|
7 |
10362518 |
25/05/2012 |
177,792,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
MADHUKAR BHAVAN, ROAD NO. 16, WAGALE ESTATE, THAN |
B42412221 |
|
8 |
10329909 |
24/06/2013 * |
50,000,000.00 |
TJSB SAHAKATI BANK LIMITED |
ANANT LAXMI CHAMBERS, NAUPADA,, THANE, THANE, MAH |
B82052192 |
|
9 |
10329670 |
24/06/2013 * |
30,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
ANANT LAXMI CHAMBERS, NAUPADA,, THANE, THANE, MAH |
B82051350 |
|
10 |
10329666 |
24/06/2013 * |
50,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
ANANT LAXMI CHAMBERS, NAUPADA,, THANE, THANE, MAH |
B82057803 |
* Date of charge modification
OPERATIONS
Rubicon has two business verticals Services and Products. During the year the focus was on development of portfolio of specialty and generic products based on its technologies. The Company continuous to invest in its human resources and building robust processes and systems to emerge as strong specialty product Development Company. The company experienced steady growth in the service segment and has concluded various business transactions with global pharmaceutical companies for various products. In the coming years the company expects growth from the Product segment.
During the year, the net profit after tax is Rs. 44.976 Millions as against Rs.28.401 Millions during the previous financial year. The Directors are continuously looking for avenues for future growth of the Company in healthcare industry.
FIXED ASSETS:
- Land
- Buildings
- Office building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles7
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
- Brands and trade marks
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.65 |
|
|
1 |
Rs. 98.53 |
|
Euro |
1 |
Rs. 78.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
50 |
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.