MIRA INFORM REPORT
|
Report Date : |
03.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
STERILE INDIA PRIVATE LIMITED (w.e.f. 07.07.2010) |
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Formerly Known
As : |
UNIWAYS LABORATORIES INDIA PRIVATE LIMITED |
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Registered
Office : |
910, 9th Floor, D Mall, Netaji Subhash Palace, Pitampura,
New Delhi - 110034 |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
05.06.1989 |
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Com. Reg. No.: |
55-036517 |
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Capital Investment
/ Paid-up Capital : |
Rs. 1.693 Millions |
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CIN No.: [Company Identification
No.] |
U74899DL1989PTC036517 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELU03892A |
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PAN No.: [Permanent Account No.] |
AAACU5331M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Sterile Active Pharmaceutical Ingredients and
Corticosteroids. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 1140000 |
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Status : |
Satisafactory |
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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. General financial position of the company seems to be decent. Profitability
of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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 – 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 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
(CONTACT No.: 91-11-27357015)
LOCATIONS
|
Registered Office : |
910, 9th Floor, D Mall, Netaji Subhash Palace, Pitampura,
New Delhi – 110034, India |
|
Tel. No.: |
91-11-27357015 |
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Fax No.: |
91-11-27357015 |
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E-Mail : |
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Website : |
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Corporate Office : |
1015, 10th Floor, D Mall, |
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Tel. No.: |
91-11-27357015 |
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Fax No.: |
91-11-27357015 |
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Factory : |
Sector-56, HSIIDC Kundli, Plot No-100, Phase – IV, Sonepat – 131028, Haryana, India |
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Tel. No.: |
91-130-2116798 |
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Fax No.: |
91-130-2116799 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sanjeev Goel |
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Designation : |
Director |
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Address : |
78/12, Jain Sthanak, Ganaur Mandi, Sonipat – 131001, |
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Date of Birth/Age : |
12.02.1969 |
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Date of Appointment : |
04.06.2011 |
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DIN No.: |
00370189 |
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Other Directorship:
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Name : |
Mr. Prem Chand Goel |
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Designation : |
Director |
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Address : |
B-37, Maharana Pratap Enclave, Pitampura, |
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Date of Birth/Age : |
18.02.1944 |
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Date of Appointment : |
31.10.2009 |
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DIN No.: |
02822907 |
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Other Directorship:
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Name : |
Mrs. Rajni Goel |
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Designation : |
Director |
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Address : |
B-37, Maharana Pratap Enclave, Pitampura, |
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Date of Birth/Age : |
21.08.1974 |
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Date of Appointment : |
10.06.2013 |
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DIN No.: |
06487666 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Calendula Dealcom Private Limited, India |
|
6704 |
|
Versatile Vinimay Private Limited, India |
|
2306 |
|
Bluestar Dealers Private Limited, India |
|
2603 |
|
Mahima Life Sciences Private Limited, India |
|
1531 |
|
Kavita Goel |
|
637 |
|
Prem Chand Goel |
|
461 |
|
Prem Chand Goel HUF |
|
106 |
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Rajni Goel |
|
576 |
|
Sanjeev Goel HUF |
|
153 |
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Sevti Devi |
|
762 |
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Sneha Lata |
|
406 |
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Sanjeev Goel |
|
680 |
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|
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Total |
|
16925 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
77.66 |
|
Directors or relatives of Directors |
18.41 |
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Other top fifty shareholders |
3.93 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sterile Active Pharmaceutical Ingredients and
Corticosteroids. |
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|
|
|
Products : |
· Sterile PPI’s Products · Cephalosporins · Penicillins · General Products · Carbapenems |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
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Bankers : |
· HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West),
Mumbai - 400013, Maharashtra, India |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
Mittal Bansal and Associates Chartered Accountants |
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Address : |
302-303, S-524, Aggarwal Complex, School Block, Vikas Marg, Shakarpur, New Delhi – 110092, India |
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Tel. No. : |
91-11-65267355 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AALFM7202R |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital : Rs. 250.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 68.188
Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.100/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16,925 |
Equity Shares |
Rs.100/- each |
Rs. 1.693 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 |
1.693 |
0.102 |
0.102 |
|
(b) Reserves & Surplus |
271.605 |
3.571 |
(0.090) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
11.850 |
163.480 |
93.506 |
|
Total
Shareholders’ Funds (1) + (2) |
285.148 |
167.153 |
93.518 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.416 |
0.000 |
0.000 |
|
(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) |
1.416 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
5.738 |
0.000 |
0.000 |
|
(b) Trade
payables |
174.191 |
59.438 |
8.847 |
|
(c) Other current
liabilities |
13.813 |
1.856 |
0.040 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
193.742 |
61.294 |
8.887 |
|
|
|
|
|
|
TOTAL |
480.306 |
228.447 |
102.405 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
99.328 |
108.315 |
84.815 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.176 |
2.781 |
0.200 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
99.504 |
111.096 |
85.015 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
36.215 |
29.033 |
0.000 |
|
(c) Trade
receivables |
272.223 |
53.525 |
8.304 |
|
(d) Cash
and cash equivalents |
7.703 |
22.091 |
2.592 |
|
(e)
Short-term loans and advances |
58.403 |
12.104 |
5.778 |
|
(f) Other
current assets |
6.258 |
0.598 |
0.716 |
|
Total
Current Assets |
380.802 |
117.351 |
17.390 |
|
|
|
|
|
|
TOTAL |
480.306 |
228.447 |
102.405 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations (net) |
|
615.496 |
49.412 |
|
|
|
Other Income |
|
8.665 |
2.844 |
|
|
|
TOTAL (A) |
|
624.161 |
52.256 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
|
491.217 |
65.635 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-intrade |
|
(7.181) |
(29.033) |
|
|
|
Employee benefits expense |
|
18.170 |
1.587 |
|
|
|
Other expenses |
|
84.271 |
8.881 |
|
|
|
TOTAL (B) |
|
586.477 |
47.070 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
|
37.684 |
5.186 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1.650 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
36.034 |
5.186 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
12.225 |
4.082 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
|
23.809 |
1.104 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
8.605 |
(2.575) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
|
15.204 |
3.679 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.100 |
0.068 |
|
|
|
Dividend |
|
0.051 |
0.015 |
|
|
|
Tax on Dividend |
|
0.009 |
0.003 |
|
|
BALANCE CARRIED
TO THE B/S |
|
15.044 |
3.593 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
11.373 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
898.32 |
3606.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.44
|
7.04 |
N.A. |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.87
|
2.23 |
N.A. |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.96
|
1.08 |
N.A. |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.01 |
N.A. |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.03
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97
|
1.91 |
1.96 |
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 |
0.102 |
0.102 |
1.693 |
|
Reserves & Surplus |
(0.090) |
3.571 |
271.605 |
|
Share Application money
pending allotment |
93.506 |
163.48 |
11.85 |
|
Net
worth |
93.518 |
167.153 |
285.148 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
1.416 |
|
Short term borrowings |
0.000 |
0.000 |
5.738 |
|
Total
borrowings |
0.000 |
0.000 |
7.154 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.025 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
49.412 |
615.496 |
|
|
|
1,145.641 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
49.412 |
615.496 |
|
Profit |
3.679 |
15.204 |
|
|
7.45% |
2.47% |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
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 |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10319944 |
25/07/2013 * |
289,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B81070716 |
* Date of charge modification
CORPORATE INFORMATION
The company is engaged in the business of Manufacturing of Sterile API Products used for preparation of different king of Injections and Life Saving Drugs, Registered office of the company is situated at 1705, 4th Floor, Onkar Bahwan, Bhagirath Palace, Chandni Chowk, Delhi – 110006.
FINANCIAL RESULTS
During the year, after meeting all the expenses and depreciation, the Company has earned profit of Rs 15.044 Millions after tax only. The directors expect better performance next year.
FIXED ASSETS
· Plant and Machinery
· Computer
· Furniture and Fixture
· Vehicle- Ecco
· BMW Car
· Fire Extinguisher
· Land
· Lab Equipments
· Printer
· Mobile Set
· Building
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. 59.14 |
|
|
1 |
Rs. 99.02 |
|
Euro |
1 |
Rs. 80.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
45 |
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.