MIRA
INFORM REPORT
|
Report Date : |
25.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
KAUSHAL PHARMACEUTICALS PRIVATE LIMITED (w.e.f.11.04.2012) |
|
|
|
|
Formerly Known
As : |
KAUSHAL PHARMECO PRIVATE LIMITED |
|
|
|
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Registered
Office : |
No 1, |
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Country : |
|
|
|
|
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Financials (as
on) : |
31.03.2013 |
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|
|
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Date of
Incorporation : |
14.06.1991 |
|
|
|
|
Com. Reg. No.: |
21-052058 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.870
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231WB1991PTC052058 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK07286G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK2099M |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading of Pharmaceuticals Products. |
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|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 22000 |
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|
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 claimed by Mr. Prashant Roy, Manager that subject company was
started during the year 14.06.1991 and it has not undertaken any commercial
activities till 2011. Further, he also claimed that during the financial year
2012 subject company has acquired business of “KAUSHAL PHARMACEUTICALS”
(Partnership concern) and started its commercial activities from April 2012. As per latest financial of 2013, the company has taken huge external
borrowing which acts as threatening to the company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings 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 – 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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Prashant Roy |
|
Designation : |
Manager |
|
Contact No.: |
91-9903920884 |
|
Date : |
22.02.2014 |
LOCATIONS
|
Registered Office/ Factory : |
No 1, Sourav
Ganguly Avenue, Rajarhat, Gopalpur, Kolkata – 700136, West Bengal, India |
|
Tel. No.: |
91-33-30190900-930/ 25734614 |
|
Mobile No.: |
91-9903920884 (Mr. Prashant Roy) |
|
Fax No.: |
91-33-30190931 |
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E-Mail : |
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|
Website : |
|
|
Area : |
16000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Bijendra Prasad Gupta |
|
Designation : |
Director |
|
Address : |
CD-336, Salt Lake, Sector-1, Kolkata – 700064, West Bengal, India |
|
Date of Birth/Age : |
29.09.1941 |
|
Date of Appointment : |
14.06.1991 |
|
DIN No.: |
00546532 |
|
|
|
|
Name : |
Mr. Tarun Kaushal |
|
Designation : |
Director |
|
Address : |
CD-336, Salt Lake, Sector-1, Kolkata – 700064, West Bengal, India |
|
Date of Birth/Age : |
24.10.1964 |
|
Date of Appointment : |
14.06.1991 |
|
DIN No.: |
00546642 |
KEY EXECUTIVES
|
Name : |
Mr. Prashant Roy |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Bijendra Prasad Gupta |
3850 |
44.25 |
|
Tarun Kaushal |
3850 |
44.25 |
|
Vivek Kaushal |
300 |
3.45 |
|
Aniruddha Kaushal |
100 |
1.15 |
|
Ritwik Kaushal |
100 |
1.15 |
|
Vaishali Kaushal |
100 |
1.15 |
|
Ranjana Kaushal |
100 |
1.15 |
|
BP Gupta as Karta of Bijendra Prasad Gupta |
100 |
1.15 |
|
Tarun Kaushal as Karta of Tarun Kaushal |
100 |
1.15 |
|
Vivek Kaushal as Karta of Vivek Kaushal |
100 |
1.15 |
|
|
|
|
|
Total |
8700 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
96.55 |
|
Other
top fifty shareholders |
3.45 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Pharmaceuticals Products. |
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Agencies Held : |
· Roche Products Private Limited Glaxo Smith Phizer Alkem |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
· Standard Chartered Bank SME Banking, 19 N S Road, Kolkata - 700001, West Bengal, India ·
HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
B. P. Agarwal And Associates Chartered Accountants |
|
Address : |
14, S. P. Mukherjee Road, 2nd Floor, Kolkata – 700025, West Bengal, India |
|
Tel. No.: |
91-33-24549133/ 34/ 35/ 36 |
|
Fax No.: |
91-33-24549132 |
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E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AAEFB4735F |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75,000 |
Equity Shares |
Rs. 100/- each |
Rs. 7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,700 |
Equity Shares |
Rs. 100/- each |
Rs. 0.870
Million |
|
|
|
|
|
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 |
0.870 |
0.700 |
0.100 |
|
(b) Reserves & Surplus |
4.724 |
2.257 |
(0.115) |
|
(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) |
5.594 |
2.957 |
(0.015) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
54.704 |
1.050 |
4.050 |
|
(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) |
54.704 |
1.050 |
4.050 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
108.485 |
0.000 |
0.000 |
|
(b)
Trade payables |
0.239 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
2.338 |
0.007 |
0.007 |
|
(d) Short-term
provisions |
3.858 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
114.920 |
0.007 |
0.007 |
|
|
|
|
|
|
TOTAL |
175.218 |
4.014 |
4.042 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
14.719 |
3.830 |
3.830 |
|
(ii)
Intangible Assets |
0.009 |
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) |
0.005 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.028 |
0.016 |
0.016 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
15.761 |
3.846 |
3.846 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
74.054 |
0.000 |
0.000 |
|
(c) Trade
receivables |
78.651 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
0.617 |
0.168 |
0.196 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
6.135 |
0.000 |
0.000 |
|
Total
Current Assets |
159.457 |
0.168 |
0.196 |
|
|
|
|
|
|
TOTAL |
175.218 |
4.014 |
4.042 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
874.737 |
0.000 |
0.000 |
|
|
|
Other Income |
3.491 |
0.096 |
0.096 |
|
|
|
TOTAL (A) |
878.228 |
0.096 |
0.096 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
840.928 |
0.000 |
0.000 |
|
|
|
Employees benefits expense |
6.772 |
0.000 |
0.000 |
|
|
|
Other expenses |
9.924 |
0.125 |
0.139 |
|
|
|
Income/(Expenses) pertaining to Prior Periods (Net) |
0.061 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
857.685 |
0.125 |
0.139 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
20.543 |
(0.029) |
(0.043) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.612 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.931 |
(0.029) |
(0.043) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.718 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
3.213 |
(0.029) |
(0.043) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.134 |
0.114 |
0.072 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
2.079 |
(0.143) |
(0.115) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
|
|
|
|
|
Basic
|
267.78 |
(4.12) |
(43.15) |
|
|
|
Diluted
|
255.41 |
(4.12) |
(43.15) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.24
|
(148.96)
|
(119.79)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.37
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.83
|
(0.72)
|
(1.06)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.57
|
(0.01)
|
2.87
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
29.17
|
0.36 |
(270.00)
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39
|
24.00 |
28.00 |
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 |
0.700 |
0.870 |
|
Reserves & Surplus |
(0.115) |
2.257 |
4.724 |
|
Net
worth |
(0.015) |
2.957 |
5.594 |
|
|
|
|
|
|
long-term borrowings |
4.050 |
1.050 |
54.704 |
|
Short term borrowings |
0.000 |
0.000 |
108.485 |
|
Total
borrowings |
4.050 |
1.050 |
163.189 |
|
Debt/Equity
ratio |
(270.000) |
0.355 |
29.172 |
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 |
0.000 |
0.000 |
874.737 |
|
|
|
|
|
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 |
0.000 |
0.000 |
874.737 |
|
Profit |
(0.115) |
(0.143) |
2.079 |
|
|
|
|
0.24% |
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 |
Yes |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10377026 |
21/12/2012 * |
130,000,000.00 |
STANDARD CHARTERED BANK |
SME BANKING, 19 N S ROAD, KOLKATA - 700001, WEST BENGAL, INDIA |
B64734841 |
|
2 |
10368381 |
07/12/2012 * |
130,000,000.00 |
STANDARD CHARTERED BANK |
SME BANKING, 19 N S ROAD, KOLKATA - 700001, WEST BENGAL, INDIA |
B64655525 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
From Individuals |
33.456 |
1.050 |
|
From Company |
16.495 |
0.000 |
|
From HUF |
4.753 |
0.000 |
|
|
|
|
|
Total |
54.704 |
1.050 |
CORPORATE
INFORMATION
Subject is a private limited company incorporated under the provisions of
Companies Act, 1956. The Company is engaged in trading of pharmaceuticals
products. The Company acquired Kaushal Pharmaceuticals (a partnership firm) on
01.04.2012.
FIXED ASSETS:
· Air Conditioner
Vehicles
Computers
and Modem
Fax
Machine
Furniture
and Fixture
Generator
Land
Refrigerator
Vehicle
Tracking
Voltage
Stablisher
Water
Cooler
Xerox
Machine
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 records 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. 62.12 |
|
|
1 |
Rs. 103.38 |
|
Euro |
1 |
Rs. 85.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.