MIRA
INFORM REPORT
|
Report Date : |
04.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEDION HEALTHCARE PRIVATE LIMITED (w.e.f.23.02.2009) |
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Formerly Known
As : |
MEDI TRONICS SALES AND SERVICES PRIVATE LIMITED |
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Registered
Office : |
201, Shiv Industrial Estate, K B B Marg, Chinchpokli
(East), Mumbai – 400012, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
03.09.1998 |
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Com. Reg. No.: |
11-116429 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.132
Million |
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CIN No.: [Company Identification
No.] |
U51507MH1998PTC116429 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of Electro Medical Equipments and Accessories. |
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No. of Employees
: |
55 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 980 |
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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. Rating reflects moderate financial risk profile due to loss incurred by
the company and huge external borrowings. 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of the
global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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 : |
Ms. Gayatri |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-23771737 |
|
Date : |
04.07.2014 |
LOCATIONS
|
Registered Office : |
201, Shiv Industrial Estate, K B B Marg, Chinchpokli
(East), Mumbai – 400012, Maharashtra, India |
|
Tel. No.: |
91-22-61566500/ 23771737/ 61566565 |
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Mobile No.: |
91-9987642235 (Binoy) |
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Fax No.: |
91-22-61566556 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
401, Shiv Industrial Estate, K B B Marg, Chinchpokli
(East), Mumbai – 400012, Maharashtra, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Vipul Jadavji Dedhia |
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Designation : |
Director |
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Address : |
303, Paras Society, J.N. Road, Near Apna Bazar, Mulund (West), Mumbai
– 400012, Maharashtra, India |
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Date of Birth/Age : |
14.04.1967 |
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Date of Appointment : |
03.09.1998 |
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DIN No.: |
00278389 |
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Other Directorship :
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|
Name : |
Kusum Vinod Vora |
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Designation : |
Director |
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Address : |
A 401, Sekarka Sadan, Dr. M.P. Vaidya Marg. Tilak Road, Ghatkopar
(East) Mumbai – 400012, Maharashtra, India |
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Date of Birth/Age : |
21.12.1950 |
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Date of Appointment : |
01.09.1999 |
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DIN No.: |
03008513 |
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KEY EXECUTIVES
|
Name : |
Ms. Gayatri |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Nikunj Kanti Gada |
|
3800 |
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Kesarben Popatlal Phuria |
|
2300 |
|
Kusum Vinod Vora |
|
1000 |
|
Vipul Jadavaji Dedhia |
|
100 |
|
Jimit Vinod Vora |
|
600 |
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Jigar Kanti Gada |
|
4000 |
|
Nirmala H Shah |
|
500 |
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Jaya Kanti Gada |
|
100 |
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Divyesh Himmat Shah |
|
100 |
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Hiren Damji Gada |
|
100 |
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Amrutben Jadavji Dedhia |
|
100 |
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Chetan Popatlal Phuria |
|
100 |
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Bhavna Kiran Gada |
|
100 |
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Popatlal Premji Shah |
|
100 |
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Deepak Laxmichand Gada |
|
50 |
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Prabha Chunilal Satra |
|
50 |
|
Sunderben M. Dedhia |
|
50 |
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Roopsingh Raj Purohit Ganesingh |
|
50 |
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Total |
|
13200 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
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Directors
or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Electro Medical Equipments and Accessories. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Nigeria Yemen |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2013)
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
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|
Electro Medical Equipments |
NA |
200 |
183 |
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GENERAL INFORMATION
|
Suppliers : |
Smith Medical |
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Customers : |
Wholesalers, Retailers and Hospitals Major Projects · Health and Family Welfare Dept, Calcutta Karnataka Health Systems Development Project, Banglore Punjab Health Systems Corporation, Chandigarh Govt. of U.P. Govt. of Chennai Govt. of Rajasthan Corporate Hospitals · Apollo Hospital, Hyderabad Apolo Hospital, Nigeria Apollo Hospital, Ludhiana CMC, Ludhiana |
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No. of Employees : |
55 (Approximately) |
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Bankers : |
· The Bharat Co-Operative Bank (Mumbai) Limited Fort (Main) Branch, 45/47, Mint Chambers, Mint Road, Fort,
Mumbai - 400001, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
JMR and Associates Chartered Accountants |
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Address : |
Boman House, 1st Floor, Office No. 4, 2, Homji Street, P.M Road, Fort,
Mumbai – 400001, Maharashtra, India |
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Tel. No.: |
91-22-66102224/ 25/ 26 |
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Fax No.: |
91-22-66102226 |
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E-Mail : |
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Website : |
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Income-tax
PAN of auditor or auditor's firm : |
AAIFJ7841A |
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Related Parties : |
· Medico Healthcare Systems Parshva Enterprises Syscon Computers Systems Konica Minolla Healthcare India Private Limited Medion Imaging Company Medion Exports Private Limited Parshwa Medical Supplies Medion Medical Systems Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13,200 |
Equity Shares |
Rs. 10/- each |
Rs. 0.132
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 |
0.132 |
0.132 |
0.132 |
|
(b) Reserves & Surplus |
0.113 |
26.461 |
36.203 |
|
(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) |
0.245 |
26.593 |
36.335 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
294.832 |
252.497 |
236.069 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
8.102 |
|
(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) |
294.832 |
252.497 |
244.171 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
24.630 |
72.952 |
29.101 |
|
(c)
Other current liabilities |
24.791 |
24.179 |
26.680 |
|
(d) Short-term
provisions |
0.275 |
0.676 |
0.504 |
|
Total Current
Liabilities (4) |
49.696 |
97.807 |
56.285 |
|
|
|
|
|
|
TOTAL |
344.773 |
376.897 |
336.791 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
33.310 |
35.596 |
36.332 |
|
(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 |
0.100 |
0.100 |
5.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.584 |
0.000 |
|
(d) Long-term Loan and Advances |
5.781 |
6.719 |
7.988 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
39.191 |
42.999 |
49.420 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
146.259 |
130.393 |
93.141 |
|
(c)
Trade receivables |
130.594 |
163.821 |
167.595 |
|
(d) Cash
and cash equivalents |
3.835 |
14.076 |
7.495 |
|
(e) Short-term
loans and advances |
24.894 |
25.608 |
19.140 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
305.582 |
333.898 |
287.371 |
|
|
|
|
|
|
TOTAL |
344.773 |
376.897 |
336.791 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA
|
252.517 |
380.243 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(26.348) |
(9.742) |
1.020 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
18.936 |
21.007 |
7.267 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Finished Goods |
76.992 |
135.238 |
176.834 |
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(1996.06) |
(738.03) |
77.27 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
(3.86) |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1203.40 |
9.49 |
6.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.15 |
3.41 |
5.11 |
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 |
0.132 |
0.132 |
0.132 |
|
Reserves & Surplus |
36.203 |
26.461 |
0.113 |
|
Net
worth |
36.335 |
26.593 |
0.245 |
|
|
|
|
|
|
long-term borrowings |
236.069 |
252.497 |
294.832 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
236.069 |
252.497 |
294.832 |
|
Debt/Equity ratio |
6.497 |
9.495 |
1,203.396 |
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
two years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
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 |
10002473 |
11/01/2011 * |
30,000,000.00 |
THE BHARAT CO-OPERATIVE BANK (MUMBAI) LIMITED |
FORT (MAIN) BRANCH, 45/47, MINT CHAMBERS, MINT ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B07538986 |
|
2 |
10002323 |
11/01/2011 * |
32,500,000.00 |
THE BHARAT CO-OPERATIVE BANK (MUMBAI) LIMITED |
FORT (MAIN) BRANCH, 45/47, MINT CHAMBERS, MINT ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B07539752 |
|
3 |
10006827 |
07/04/2006 |
2,500,000.00 |
THE BHARAT CO-OPERATIVE BANK (MUMBAI) LIMITED |
FORT (MAIN) BRANCH, 45/47, MINT CHAMBERS, MINT ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A00526871 |
|
4 |
90355226 |
24/11/2005 |
200,000.00 |
CITI CORP FINANCE INDIAN LIMITED |
DR. S.S. RAO ROAD, PAREL, MUMBAI, MAHARASHTRA, INDIA |
- |
|
5 |
90378405 |
29/06/2006 * |
20,000,000.00 |
JAMMU & KASHIMIR BANK LIMITED |
SIDHRA JAHHU, JAMMU, JAMMU AND KASHMIR, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from Directors |
3.432 |
5.487 |
|
Other Loans and
advances From Shareholders |
232.730 |
7.664 |
|
From Others |
58.670 |
239.346 |
|
|
|
|
|
Total |
294.832 |
252.497 |
GENERAL
INFORMATION
Subject is a Manufacturing Company incorporated in the year 3rd
August 1998. Company Manufacturers X-Ray machines and its accessories and
operate trading activities of the same and provide services relating to
it.
FINANCIAL RESULT /
OPERATIONS
The Company has reported loss (After Tax Adjustments) of Rs. 26.348
Millions during the year and loss for the previous year was Rs. 9.742 Millions.
The Company is currently into manufacturing and trading of Electro Medical Equipments
and Accessories. However Directors are exploring business proposals.
FIXED ASSETS:
· Office Premises
Machinery
Air
Conditioner
Computer
Electrical
Installation
Furniture
and Fixture
Vehicles
Windmill
Turbine Generator
Water
Purifier
Office
Equipment
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. 59.72 |
|
|
1 |
Rs. 102.45 |
|
Euro |
1 |
Rs. 81.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.