MIRA
INFORM REPORT
|
Report Date : |
19.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
VEER CHEMIE AND AROMATICS PRIVATE LIMITED |
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Registered
Office : |
6-3-852/2B/5A, Aparajita Colony, Ameerpet, Hyderabad – 500037, Andhra
Pradesh |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
13.11.1972 |
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Com. Reg. No.: |
01-001552 |
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Capital
Investment / Paid-up Capital : |
Rs.0.981
Million |
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CIN No.: [Company Identification
No.] |
U24110AP1972PTC001552 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDV00260B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of manufacturing and sale of
bulk drugs and drug intermediates. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3070000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. The rating reflects healthy financial risk profile supported by
adequate liquidity position and decent general financial position. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern can be considered for business dealings at usual trade
terms and condition. |
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 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tam7ilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386 crore
to their gross NPAs in nine months with the State Bank of India leading with
the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official channels
to contain the current account deficit. China surpassed India in the demand for
gold for the first time in 2013 due to liberalization of gold trading norms by
its local governments.
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 BY
|
Name : |
Mr. Venkat |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-40-23774210 |
|
Date : |
12.03.2014 |
LOCATIONS
|
Registered Office : |
6-3-852/2B/5A, Aparajita Colony, Ameerpet, Hyderabad – 500 037, Andhra
Pradesh, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
A-4, Co-Operative Industrial Estate, Balanagar, Hyderabad – 500 037,
Andhra Pradesh, India |
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Tel. No.: |
91-40-23774210/ 1063/ 4064/ 23079140/ 23774210 |
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Fax No.: |
91-40-23770205/ 23775285 |
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E-Mail : |
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Factory : |
5-48, IDA Bollaram, Narasapur, Medak, Andhra Pradesh, India |
DIRECTORS
As on 26.09.2013
|
Name : |
Mr. Ranveer Veereshwar Rao Poddatoori |
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Designation : |
Managing Director |
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Address : |
1-10-63/1/1, ‘Mathrusree’, Begumpet, Hyderabad – 500 016, Andhra
Pradesh, India |
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Date of Birth/Age : |
13.11.1947 |
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Date of Appointment : |
13.11.1972 |
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DIN No.: |
00168334 |
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Name : |
Mr. Rayapa Raju Kalidindi |
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Designation : |
Director |
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|
Address : |
402, ‘Sri Sairam Homes Engineering Colony, Yellareddyguda, Hyderabad –
500 073, Andhra Pradesh, India |
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Date of Birth/Age : |
13.08.1947 |
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Date of Appointment : |
27.11.1975 |
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DIN No.: |
00168383 |
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Other Directorship:
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Name : |
Mr. Pratap V. Poddatoori |
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Designation : |
Director |
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Address : |
28126, Peacock Ridge Drive, 310 RPV CA - 90274, U.S.A. |
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Date of Birth/Age : |
11.02.1951 |
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Date of Appointment : |
30.07.1992 |
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DIN No.: |
02664628 |
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Name : |
Mr. Anupveer Poddatoori |
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Designation : |
Director |
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|
Address : |
1-10-63/1/1, ‘Mathrusree’, Begumpet, Hyderabad – 500 016, Andhra
Pradesh, India |
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Date of Birth/Age : |
12.06.1976 |
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Date of Appointment : |
11.02.2004 |
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DIN No.: |
00168453 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
K.R. Natarajan |
|
Designation : |
Company Secretary |
|
Address : |
4-A, Vinod’s Susheel Residency, 10-2-275/1, Road. 11, West
Marredpally, Secundarabad – 500026, |
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Tel No.: |
91-40-27803418 |
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Email ID: |
MAJOR SHAREHOLDERS
As on 26.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
P.V. Ranveer |
|
4102 |
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P.V. Pratap |
|
1376 |
|
P. Rukmani |
|
440 |
|
Krishna Datla |
|
56 |
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Vijaykumar Datla |
|
100 |
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K. Rayapa Raju |
|
404 |
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K.K. Indumati |
|
400 |
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Rajini Maturu |
|
40 |
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Aruna Pratap |
|
40 |
|
Vijaykumar Datla jointly with Renuka Datla |
|
2856 |
|
Total |
|
9814 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing and sale of
bulk drugs and drug intermediates. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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|
|
|
Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Rajan and Company Chartered Accountants |
|
Address : |
‘Krishna Kutir’, 7-1-71/A, Dharmkaran Road, Ameerpet, Hyderabad – 500
016, Andhra Pradesh, India |
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Tel. No.: |
91-40-23730958 |
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PAN No.: |
ABQPT2776H |
CAPITAL STRUCTURE
As on 26.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9814 |
Equity Shares |
Rs.100/- each |
Rs.0.981
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 |
0.981 |
0.981 |
0.981 |
|
(b) Reserves & Surplus |
765.966 |
664.769 |
542.264 |
|
(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) |
766.947 |
665.750 |
543.245 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
23.190 |
21.640 |
20.340 |
|
(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) |
23.190 |
21.640 |
20.340 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
19.366 |
17.235 |
15.639 |
|
(c) Other
current liabilities |
17.678 |
20.762 |
14.161 |
|
(d) Short-term
provisions |
132.414 |
79.277 |
181.051 |
|
Total Current
Liabilities (4) |
169.458 |
117.274 |
210.851 |
|
|
|
|
|
|
TOTAL |
959.595 |
804.664 |
774.436 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
143.524 |
147.178 |
120.789 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
5.042 |
1.547 |
1.260 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.023 |
0.023 |
0.023 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(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 |
148.589 |
148.748 |
122.072 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
39.809 |
33.586 |
12.842 |
|
(c) Trade
receivables |
142.884 |
179.067 |
141.515 |
|
(d) Cash
and cash equivalents |
495.049 |
372.745 |
318.361 |
|
(e)
Short-term loans and advances |
8.374 |
8.357 |
5.361 |
|
(f) Other
current assets |
124.890 |
62.161 |
174.285 |
|
Total
Current Assets |
811.006 |
655.916 |
652.364 |
|
|
|
|
|
|
TOTAL |
959.595 |
804.664 |
774.436 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
517.300 |
664.500 |
589.000 |
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
NA |
NA |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
170.080 |
211.190 |
147.517 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
9.419 |
8.108 |
7.439 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
167.661 |
203.082 |
140.078 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
53.432 |
65.590 |
46.226 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
114.229 |
137.492 |
93.852 |
||
|
|
|
|
|
|
||
|
Add |
ADJUSTMENT FOR
DEFERRED TAX |
(1.550) |
(1.300) |
(2.010) |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
260.245 |
197.740 |
155.024 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
50.000 |
60.000 |
40.000 |
|
|
|
|
Dividend |
9.814 |
11.777 |
7.851 |
|
|
|
|
Tax on Dividend |
1.668 |
1.910 |
1.275 |
|
|
|
BALANCE CARRIED
TO THE B/S |
311.442 |
260.245 |
197.740 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
$ 276935 € 14595 |
175.757 |
174.198 |
|
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
11481.00 |
13877.00 |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
32.41 |
30.56 |
23.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.56 |
25.29 |
18.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.31 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.79 |
5.59 |
3.09 |
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 |
0.981 |
0.981 |
0.981 |
|
Reserves & Surplus |
542.264 |
664.769 |
765.966 |
|
Net
worth |
543.245 |
665.750 |
766.947 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
589.000 |
664.500 |
517.300 |
|
|
|
12.818 |
-22.152 |
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
|
589.000 |
664.500 |
517.300 |
|
Profit |
93.852 |
137.492 |
114.229 |
|
|
15.93% |
20.69% |
22.08% |
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 |
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 |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 |
LITIGATION
DETAILS:
|
CASE STATUS INFORMATION SYSTEM
|
GENERAL
INFORMATION:
The company is engaged in the business of manufacturing and sale of bulk
drugs and drug intermediates.
OPERATTONS:
During the year, the
company made a turnover of Rs.517.300 Millions as compared Rs.664.500 Millions in the previous year. This is
owing to lower demand and fall in sale prices based on market conditions.
During the current
year due to huge excess manufacturing capacity for Nicotinamide in India and
Internationally outlook for the current year by new manufacturers and capacity
expansions of all other existing manufacturers, the supply position of
Nicotinamide is more than double of demand. This resulted in decrease in sale
price of Nicatinamide.
The price of
principal raw material is also increased when compared to previous year. I n
addition there is a steep increase in cost of power and fuel.
Due to above reasons
the margins have reduced drastically when compared to previous year.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90122556 |
26/11/1996 * |
11,700,000.00 |
ANDHRA BANK |
Prakashamnagar, Hyderabad, Andhra Pradesh, India |
- |
|
2 |
90122358 |
04/06/1994 |
189,000.00 |
CITI BANK NA. |
Anna Salai, Madras, Tamil Nadu, India |
- |
|
3 |
90122257 |
06/06/1992 |
1,500,000.00 |
ANDHRA BANK |
Prakasham Nagar, Begumpet, Hyderabad, Andhra Pradesh - 500016, India |
- |
|
4 |
90122161 |
30/03/1998 * |
8,300,000.00 |
ANDHRA BANK |
Prakasham Nagar, Hyderabad, Andhra Pradesh - 500016, India |
- |
|
5 |
90122137 |
28/09/1989 |
4,880,000.00 |
ANDHRA BANK |
Prakasham Nagar, Hyderabad, Andhra Pradesh - 500016, India |
- |
|
6 |
90122086 |
20/01/1988 |
3,280,000.00 |
ANDHRA BANK |
Prakasham Nagar, Hyderabad, Andhra Pradesh - 500016, India |
- |
|
7 |
90121928 |
25/08/1973 |
787,000.00 |
ANDHRA BANK |
Prakasham Nagar, Hyderabad, Andhra Pradesh - 500016, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.60.95 |
|
UK Pound |
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
50 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.