MIRA INFORM REPORT
|
Report No. : |
316414 |
|
Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANITA MEDICAL SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3A/4, Commercial Block, Ram Apartments, 4th lane,
Pandurangwadi, Goregoan (East), Mumbai - 400063, Maharashtra |
|
Tel. No.: |
91-22-28741625/ 28768649/ 28747542/ 28712882 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.05.1984 |
|
|
|
|
Com. Reg. No.: |
11-032903 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33111MH1984PTC032903 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Subject is engaged in distributorships of medical equipments and
disposables mainly related to the imaging sector of the healthcare industry. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 215000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. The rating is constrained on account of drastic dip in the
profitability of the company during FY2014. Further, it will remain constrained
due to sluggish demand in medical equipment industry. However, it has fair liquidity position backed by favorable gap
between trade receivable and payables during year under review. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be 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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating= BB+ |
|
Rating Explanation |
Moderate credit quality and high credit
risk. |
|
Date |
17.12.2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
17.12.2014 |
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Rajesh Chikramane |
|
Designation : |
Director |
|
Contact No.: |
91-9867260273 |
|
Date : |
14.04.2015 |
LOCATIONS
|
Registered/Sales Office : |
3A/4, Commercial Block, Ram Apartments, 4th lane,
Pandurangwadi, Goregoan (East), Mumbai - 400063, Maharashtra, India |
|
Tel. No.: |
91-22-28741625/ 28768649/ 28747542/ 28712882 |
|
Mobile No.: |
91-9867260273 (Mr. Rajesh Chikramane) 91-9867235394 (Mrs. Jyoti Deepak Bijoor) |
|
Fax No.: |
91-22-28747434 |
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E-Mail : |
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Website : |
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Administrative Office /
Warehouse / Head Office : |
Located at Goregoan in Suburban Mumbai, Maharashtra, India |
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|
Storage House : |
Navi Mumbai, Maharashtra, India |
|
|
|
|
Branch Office : |
Located at New Delhi, India |
DIRECTORS
As on: 22.09.2014
|
Name : |
Mr. Mohan N Chikaramane |
|
Designation : |
Managing Director |
|
Address : |
C-6, Guruseva CHS, Pandurang Wadi, Road No.6, Goregoan (East), Mumbai
- 400063, Maharashtra, India |
|
Date of Birth/Age : |
22.03.1931 |
|
Date of Appointment : |
17.05.1984 |
|
DIN No.: |
00102899 |
|
|
|
|
Name : |
Mr. Rajesh Mohan Chikramane |
|
Designation : |
Director |
|
Address : |
C-6, Guruseva CHS, Pandurang Wadi, Road No.6, Goregoan (East), Mumbai
-400063, Maharashtra, India |
|
Date of Birth/Age : |
06.11.1962 |
|
Date of Appointment : |
17.05.1984 |
|
DIN No.: |
00102953 |
|
|
|
|
Name : |
Mrs. Jyoti Deepak Bijoor |
|
Designation : |
Director |
|
Address : |
3-Suryodaya, Pandurang Wadi Road No. 6, Goregoan, Mumbai - 400063,
Maharashtra , India |
|
Date of Birth/Age : |
05.02.1959 |
|
Date of Appointment : |
17.05.1984 |
|
DIN No.: |
00103017 |
|
|
|
|
Name : |
Mr. Prakash Ramdas Hattangadi |
|
Designation : |
Director |
|
Address : |
20/317, Adarsh Nagar, Pradhadevi, Mumbai – 400025, Maharashtra , India |
|
Date of Birth/Age : |
04.07.1954 |
|
Date of Appointment : |
25.01.2008 |
|
DIN No.: |
01965664 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 22.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
M.N. Chikramane |
|
16270 |
|
J.D. Bijoor |
|
5310 |
|
R.M. Chikramane |
|
11575 |
|
Swati R Chikramane |
|
9035 |
|
Uday G Bijoor |
|
75 |
|
Uday S Koppikar |
|
2050 |
|
Krishna S Savur |
|
100 |
|
Vijaya K Savur |
|
200 |
|
M.V. Ramchandran |
|
500 |
|
Deepak G Bijoor |
|
50 |
|
Rajendra Gole |
|
50 |
|
Govind Jankharia |
|
3000 |
|
Arundhati Joshi |
|
100 |
|
Mukund Joshi |
|
400 |
|
Nirmala Sardesai |
|
200 |
|
Hema Deepak Shah |
|
10000 |
As on: 22.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in distributorships of medical equipments and disposables
mainly related to the imaging sector of the healthcare industry. |
|
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|
Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
V J Shroff and Company Chartered Accountants |
|
Address : |
303, Prayushi Apartments, Plot No. 42 B, Behind Dena Bank, S. V Road, Santacruz
(West), Mumbai - 400054, Maharashtra, India |
|
Tel. No.: |
91-22-2422 2420 |
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FAX No : |
91-22-2422 4259 |
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E-Mail : |
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PAN No.: |
AAGFV9881L |
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|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
Company in which
KMP / Relatives of KMP can exercise significant Influence : |
Anita Enterprises |
CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.100/-
each |
Rs. 10.000
Million |
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
65.107 |
63.474 |
56.786 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
3.645 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
75.107 |
72.119 |
61.786 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15.650 |
14.150 |
11.666 |
|
(b) Deferred tax liabilities (Net) |
0.928 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.150 |
0.150 |
0.150 |
|
(d) long-term provisions |
0.792 |
4.851 |
3.894 |
|
Total Non-current
Liabilities (3) |
17.520 |
19.151 |
15.710 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
56.262 |
57.017 |
54.807 |
|
(b) Trade
payables |
45.367 |
16.217 |
12.411 |
|
(c) Other
current liabilities |
8.712 |
5.134 |
8.788 |
|
(d) Short-term
provisions |
9.320 |
7.062 |
5.994 |
|
Total Current
Liabilities (4) |
119.661 |
85.430 |
82.000 |
|
|
|
|
|
|
TOTAL |
212.288 |
176.700 |
159.496 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7.903 |
7.702 |
7.236 |
|
(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) |
0.000 |
2.381 |
2.247 |
|
(d) Long-term Loan and Advances |
21.369 |
10.613 |
19.249 |
|
(e) Other
Non-current assets |
10.626 |
8.766 |
0.000 |
|
Total Non-Current
Assets |
39.898 |
29.462 |
28.732 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
71.667 |
51.363 |
47.282 |
|
(c) Trade
receivables |
83.257 |
64.701 |
64.979 |
|
(d) Cash
and cash equivalents |
2.358 |
3.337 |
4.720 |
|
(e)
Short-term loans and advances |
14.316 |
27.295 |
13.487 |
|
(f) Other
current assets |
0.792 |
0.542 |
0.296 |
|
Total
Current Assets |
172.390 |
147.238 |
130.764 |
|
|
|
|
|
|
TOTAL |
212.288 |
176.700 |
159.496 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
443.484 |
367.305 |
|
|
|
Other Income |
NA |
|
|
|
|
|
TOTAL |
NA |
443.484 |
367.305 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
409.360 |
335.544 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
34.124 |
31.761 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
8.956 |
7.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
25.168 |
23.861 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
1.204 |
1.133 |
|
|
|
|
|
|
|
|
|
Less |
CURRENT TAX EXPENSES RELATING TO PREVIOUS YEAR |
|
0.042 |
0.484 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
23.922 |
22.244 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
8.286 |
(1.997) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.388 |
15.636 |
24.241 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
54.279 |
48.791 |
26.552 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Provision for tax of prior years |
0.000 |
8.071 |
0.000 |
|
|
|
Transfer to General Reserve |
0.424 |
1.200 |
1.125 |
|
|
|
Dividend |
1.500 |
0.750 |
0.750 |
|
|
|
Tax on Dividend |
0.255 |
0.127 |
0.127 |
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
55.488 |
54.279 |
48.791 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Foreign Exchange Earned
(Sales) / Export |
16.626 |
1.706 |
0.147 |
|
|
|
Foreign Exchange Earned (Sales
Out and Out) |
0.000 |
37.059 |
18.430 |
|
|
TOTAL EARNINGS |
16.626 |
38.765 |
18.577 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Medical equipment and trading accessories |
107.780 |
102.872 |
NA |
|
|
|
TOTAL IMPORTS |
107.780 |
102.872 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.88 |
312.73 |
484.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
NA |
3.53 |
6.60 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
NA |
7.69 |
8.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
13.72 |
14.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.33 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.96 |
0.99 |
1.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44 |
1.72 |
1.59 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
5.000 |
5.000 |
10.000 |
|
Reserves & Surplus |
56.786 |
63.474 |
65.107 |
|
Share Application money pending allotment |
0.000 |
3.645 |
0.000 |
|
Net worth |
61.786 |
72.119 |
75.107 |
|
|
|
|
|
|
long-term borrowings |
11.666 |
14.150 |
15.650 |
|
Short term borrowings |
54.807 |
57.017 |
56.262 |
|
Total borrowings |
66.473 |
71.167 |
71.912 |
|
Debt/Equity ratio |
1.076 |
0.987 |
0.957 |
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 |
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 |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loan from Shareholders |
15.650 |
14.150 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand From Bank |
0.000 |
0.968 |
|
|
|
|
|
Total |
15.650 |
15.118 |
CONTINGENT
LIABILITIES
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Bank Guarantees issued ( against Government Tender) |
0.490 |
0.490 |
|
|
|
|
|
Total |
0.490 |
0.490 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10196178 |
30/12/2009 |
31,000,000.00 |
CANARA BANK |
GOREGAON (EAST) BRANCH,, DR.BAGWE BHAVAN, J, P. R |
A77290922 |
|
2 |
80041974 |
01/03/2014 * |
55,000,000.00 |
CANARA BANK |
GOREGAON (EAST) BRANCH,TAKSHASHILA, WING B,, 1, S |
C00502740 |
* Date of charge modification
CORPORATE INFORMATION
Operations were earlier being conducted through two companies under the names M/s. Anita Enterprises which was established in the year 1979 and M/s. Anita Medical Systems Private Limited which was established in the year 1984. However, presently, to reap the maximum benefit of brand, the Company has consolidated all its operations under the name and style of M/s. Anita Medical Systems Private Limited.
The Company caters to a wide range of the needs of the Imaging Sector and CT injecting machines of the 'Healthcare Industry by providing various goods and services. Presently, the Company operates through its Head- Office at Goregaon, Mumbai, storage house at Navi Mumbai and branch office at New Delhi.
FIXED ASSETS
- Air Conditioner
- Calibration Tool Kit for Pressure Injector
- Cellular Phone
- Close Circuit Camera
- Computer
- E.P.A.B.X (Tele Board)
- Furniture and Fixtures
- Motor Car
- Office Equipments
- Office Premises
- Plant and Machinery
- Software
- UPS
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.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.