|
Report Date : |
12.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
GELTEC PRIVATE LIMITED (w.e.f. 21.11.2006) |
|
|
|
|
Formerly Known
As : |
BANNER PHARMACAPS ( |
|
|
|
|
Registered
Office : |
1st Floor, Capsulation Premises, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.03.2002 |
|
|
|
|
Com. Reg. No.: |
11-135200 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.121.816 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH2002PTC135200 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB05739G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB1782H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Soft Gelatin Capsules |
|
|
|
|
No. of Employees
: |
Not Available [We tried to confirm
the number of employees but no one is ready to part any information from the
company management] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects healthy financial risk profile marked by robust
liquidity and healthy debt protection metrics. The rating also reflects
established market position in the contract manufacturing segment for
pharmaceutical formulations. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal 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 – 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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating=A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
24.10.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating=A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest credit
risk. |
|
Date |
24.10.2013 |
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 DENIED
Management Non Co-operative (91-22-66478484)
LOCATIONS
|
Registered Office / Head Office: |
1st Floor, Capsulation Premises, Sion – Trombay Road,
Mumbai - 400088, Maharashtra, India |
|
Tel. No.: |
91-22-66478484 / 66478484 |
|
Fax No.: |
91-22-25564038 / 25581780 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Sr. No. 24,26/3, 27/2, Yadavnahalli, Attible, Bangalore-Hosur Road,
Bangalore-562107, Karnataka, India |
|
Tel. No.: |
91-8110-653816 / 653916 |
|
Fax No.: |
91-80-7820537 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Vikram Tannan |
|
Designation : |
Chairman and Managing Director |
|
Address : |
11, Normandie, |
|
Date of Birth/Age : |
19.05.1945 |
|
Qualification : |
Bachelor of Commerce( |
|
Experience : |
32 years |
|
Date of Appointment : |
12.08.1971 |
|
DIN No.: |
00037587 |
|
|
|
|
Name : |
Mr. Vivek Tannan |
|
Designation : |
Director |
|
Address : |
Normandie, |
|
Date of Birth/Age : |
07.10.1973 |
|
Date of Appointment : |
22.05.2000 |
|
DIN No.: |
00037612 |
|
|
|
|
Name : |
Mr. Rakesh Parmanand Khanna |
|
Designation : |
Director |
|
Address : |
161-B, |
|
Date of Appointment : |
13.08.2005 |
|
Din No.: |
00040152 |
|
|
|
|
Name : |
Mr. Kahanchand Jaikishan Narang |
|
Designation : |
Director |
|
Address : |
13/14, Jaitirath Mension, |
|
Date of Birth/Age : |
04.09.1930 |
|
Date of Appointment : |
30.07.1984 |
|
Din No.: |
00041615 |
|
|
|
|
Name : |
Mr. Bharat Sumant Raut |
|
Designation : |
Director |
|
Address : |
8 Freanch Bridge, Raut Bangalow, haldankar Bridge, Mumbai – 400007, |
|
Date of Birth/Age : |
31.08.1949 |
|
Date of Appointment : |
04.04.2007 |
|
Din No.: |
00066080 |
|
|
|
|
Name : |
Mr. Suresh Khanna |
|
Designation : |
Director |
|
Address : |
33, Shrinagar Apartments, 18th Cross,
Malleswaran, Bangalore-560055, |
|
Date of Birth/Age : |
15.06.1949 |
|
Date of Appointment : |
18.03.2008 |
|
Din No.: |
00347434 |
|
|
|
|
Name : |
Mr. Satish Kumar Mehra |
|
Designation : |
Director |
|
Address : |
606, Spruce Raheja Residency, III Block, Kogamangala,
Bangalore-560034, |
|
Date of Birth/Age : |
14.08.1946 |
|
Date of Appointment : |
03.01.2006 |
|
Din No.: |
00584504 |
|
|
|
|
Name : |
Mr. Madhav Babayya Kurdekar |
|
Designation : |
Director |
|
Address : |
Flat No.42, 4th Floor, Vishwatara, 12th Road, Khar (West), Mumbai – 400 052, Maharashtra, India |
|
Date of Birth/Age : |
11.07.1955 |
|
Date of Appointment : |
13.08.2013 |
|
Din No.: |
06635603 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Tulsidas Ruparel |
|
Designation : |
Secretary |
|
Address : |
B-001, Gulmohar Park Co-operative Housing Society, Behind Angan Society,
P and T Colony, Gandhinagar, Dombivali – 421 201, Maharashtra, India |
|
Date of Birth/Age : |
23.12.1971 |
|
Date of Appointment : |
20.03.2013 |
|
PAN No.: |
AKTPR1325C |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vikram Tanna Joint Vivek Tannan |
|
7421170 |
|
Vivek Tannan Joint Vikram Tannan |
|
1150000 |
|
Preetika Tannan Joint Vikram Tannan |
|
330000 |
|
Jaya Tannan |
|
30000 |
|
Geltec Pte Limited, Singapore |
|
1319445 |
|
Universal Medicare Private Limited, India |
|
1900000 |
|
D Thanga Dural |
|
3000 |
|
Sangita Suresh Hegde |
|
10000 |
|
Satish K Mehra |
|
10000 |
|
Suresh K Khanna |
|
6000 |
|
E |
|
2000 |
|
|
|
|
|
Total |
|
12181615 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
26.43 |
|
Directors or relatives of Directors |
73.45 |
|
Other top fifty shareholders |
0.12 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Soft Gelatin Capsules |
|
|
|
|
Products : |
·
Nutraceuticals / Health Supplements ·
OTC / RX ·
Branded Products |
GENERAL INFORMATION
|
No. of Employees : |
Not Available [We tried to confirm
the number of employees but no one is ready to part any information from the
company management] |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· DBS Bank Limited, 3rd Floor, Fort House, 221, Dr. D.N Road, Fort, Mumbai - 400001, Maharashtra, India · HSBC Bank (Mauritius) Limited, 6Th Floor, HSBC Centre, 18 Cyber City,, Ebene - Na, Mauritius ·
HSBC Bank
Limited, Fort Branch |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kalyaniwala and Mistry Chartered Accountant |
|
Address : |
Kalpataru Heritage, 127, |
|
PAN No.: |
AAAFK7554R |
|
|
|
|
Enterprises over
which Key Managerial Personnel have significant influence : |
· Universal Medicare Private Limited · Capsulation Services Private Limited · Geltec Pharmacare Private Limited · Geltec Pharmacare FZCO · Dubai Geltec Pte. Limited · Geltec Pharmacare Pte Limited |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12181615 |
Equity Shares |
Rs.10/- each |
Rs.121.816 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 |
121.816 |
121.816 |
124.221 |
|
(b) Reserves & Surplus |
626.043 |
482.622 |
377.544 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
747.859 |
604.438 |
501.765 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
15.878 |
|
(b) Deferred tax liabilities (Net) |
16.672 |
13.480 |
21.788 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
18.505 |
18.558 |
19.842 |
|
Total Non-current Liabilities (3) |
35.177 |
32.038 |
57.508 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
48.859 |
19.381 |
|
(b) Trade payables |
81.363 |
94.322 |
74.578 |
|
(c) Other current
liabilities |
26.178 |
29.026 |
31.360 |
|
(d) Short-term provisions |
5.887 |
4.819 |
2.944 |
|
Total Current Liabilities (4) |
113.428 |
177.026 |
128.263 |
|
|
|
|
|
|
TOTAL |
896.464 |
813.502 |
687.536 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
237.745 |
203.594 |
215.251 |
|
(ii) Intangible Assets |
0.302 |
0.541 |
0.769 |
|
(iii) Capital
work-in-progress |
0.000 |
32.142 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.502 |
0.502 |
0.632 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
19.818 |
13.710 |
4.869 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
258.367 |
250.489 |
221.521 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
316.831 |
215.098 |
165.023 |
|
(b) Inventories |
132.471 |
138.857 |
97.655 |
|
(c) Trade receivables |
129.708 |
168.675 |
159.344 |
|
(d) Cash and cash equivalents |
29.708 |
5.185 |
11.685 |
|
(e) Short-term loans and
advances |
27.348 |
27.519 |
24.835 |
|
(f) Other current assets |
2.031 |
7.679 |
7.473 |
|
Total Current Assets |
638.097 |
563.013 |
466.015 |
|
|
|
|
|
|
TOTAL |
896.464 |
813.502 |
687.536 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1021.771 |
822.408 |
780.391 |
|
|
|
Other Income |
34.870 |
25.948 |
31.680 |
|
|
|
TOTAL (A) |
1056.641 |
848.356 |
812.071 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
827.741 |
669.932 |
651.526 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
228.900 |
178.424 |
160.545 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.102 |
0.359 |
1.201 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
228.798 |
178.065 |
159.344 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
25.113 |
22.066 |
20.397 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
203.685 |
155.999 |
138.947 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
59.692 |
42.691 |
53.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
143.993 |
113.308 |
85.689 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.82 |
9.20 |
6.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
13.63
|
13.36 |
10.55 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.93
|
18.97 |
17.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.73
|
19.98 |
20.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.19 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.08 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.63
|
3.18 |
3.63 |
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 |
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 |
Yes |
OPERATIONS:
The Income from
operations stood at Rs.1021.771 Millions (Previous Year Rs.822.408 Millions)
after providing for Taxes, the Net Profit stood at Rs.143.993 Millions
(previous year Rs.113.308 Millions). While there has been a marginal
improvement in the performance of subject during the year, there has been a
contraction in the market and the present trends indicate that in the current
year there could some stress on the performance of subject, which could result
in reduction in income of subject.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90350942 |
26/06/2007
* |
140,000,000.00 |
THE
HONGKONG SHANGHAI BANKING CORPORATION LIMITED |
FORT
BRANCH, MUMBAI - 400001, MAHARASHTRA, INDIA |
A18760488 |
|
2 |
90350018 |
14/05/2005
* |
38,300,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
52/60;
M.G ROAD, FORT, MUMBAI, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Land - Freehold
·
Building
·
Plant and Machinery
·
Computers
·
Furniture and Fixtures
·
Office Equipments
·
Vehicles
·
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.62.44 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.85.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.