MIRA INFORM REPORT
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Report No. : |
335466 |
|
Report Date : |
08.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ADANI PHARMACHEM PRIVATE LIMITED |
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|
|
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Registered
Office : |
251, Toral Commercial Complex, Jawahar Road, Rajkot – 360001, Gujarat |
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Tel. No.: |
91-2827-287165 |
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Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
05.04.1999 |
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Com. Reg. No.: |
04-035693 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.544 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1999PTC035693 |
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|
|
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IEC No.: |
2488007005 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
RKTA00042A |
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PAN No.: [Permanent Account No.] |
AADCA2201R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Pharmaceuticals and Bulk drugs. |
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No. of Employees
: |
Information declined by the management
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RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 160000 |
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|
Status : |
Satisfactory |
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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 sound and
healthy. 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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 Bank facilities: BB+ (Suspended) |
|
Rating Explanation |
Inadequate-credit-quality and high credit
risk. |
|
Date |
07.03.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Bank facilities: A4+ (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
07.03.2014 |
Reason for Suspension: There is no amount outstanding under the
facilities as on date
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Rushabh Adani |
|
Designation : |
Director |
|
Tel. No.: |
91-2827-287165 |
|
Date: |
06.08.2015 |
LOCATIONS
|
Registered Office : |
251, Toral Commercial Complex, Jawahar Road, Rajkot – 360001, Gujarat,
India |
|
Tel. No.: |
91-2827-287165 |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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Corporate
Office : |
Rashtriyashala
Marg, Rajkot - 360002, Gujarat, India |
|
Tel. No.: |
91-181-2466796
/ 2464365 |
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|
|
|
Admin Office
/ Factory : |
Plot
No. 2729 to 2731, Road I-1, Lodhika, GIDC, Village Metoda, Taluka Lodhika,
Rajkot-360021, Gujarat, India |
|
Tel. No.: |
91-2827-287165/
640131/ 32/33/34 |
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Fax No.: |
91-2827-287166 |
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|
|
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Branch Office
: |
Manish
Compound, Building No. 2, Thane-Bhiwandi Road, Bhiwandi, District Thane,
Maharashtra, India |
DIRECTORS
AS ON: 30.09.2014
|
Name : |
Mr.
Rushabh Hareshbhai Adani |
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|
Designation : |
Managing Director |
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|
Address : |
Prayag
Appartment, C-7, 7th Floor,
Shroff Road, Rajkot – 360001, Gujarat, India |
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Date of Birth/Age : |
28.08.1981 |
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Qualification : |
BBA |
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Date of Appointment : |
21.07.2011 |
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Din No.: |
00298500 |
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Other
Directorship:
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Name : |
Mr. Harshad Anantray Adani |
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Designation : |
Director |
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Address : |
B/H Rashtriya school, Rashtriya Shala, Compound, Rajkot-360002, Gujarat, India |
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Date of Birth/Age : |
15.06.1953 |
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Qualification : |
B.Sc. |
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Date of Appointment : |
05.04.1999 |
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Din No.: |
00290012 |
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Other
Directorship:
|
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Name : |
Mrs. Nirali Rushabh Adani |
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Designation : |
Director |
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Address : |
C-7, Prayag C Appartment, Behind Mohit Hotel, Shroff Road, Rajkot –
360001, Gujarat, India |
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Date of Birth/Age : |
29.05.1981 |
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Date of Appointment : |
07.01.2011 |
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Din No.: |
03383012 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Harshad
A Adani |
77736 |
16.76 |
|
Mrudaula P. Adani |
37067 |
7.99 |
|
Usha A. Adani |
34729 |
7.49 |
|
Rushabh
H. Adani |
227800 |
49.12 |
|
Nirali
R. Adani |
27668 |
5.97 |
|
Arunaben H. Adani |
20000 |
4.31 |
|
Kappac Pharma Limited, India |
18750 |
4.04 |
|
Mangesh Hasmukhray Shah |
16875 |
3.64 |
|
Hasmukhray I. Shah HUF |
3125 |
0.67 |
|
|
|
|
|
Total |
463750 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
4.04 |
|
Directors or relatives of Directors |
91.65 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pharmaceuticals and Bulk drugs. |
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Products : |
Pharmaceuticals and Bulk drugs. |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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 : |
Information declined by the management
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
Kalpesh
S. D and Company Chartered
Accountants |
|
Address : |
411, Cosmo
Complex, Near Mahila College Circle, Rajkot – 360 001, Gujarat, India |
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Tel. No.: |
91-181-2225278
/ 2473599 |
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PAN No.: |
AAJFK6304Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
463750 |
Equity Shares |
Rs.10/- each |
Rs. 4.638 Million |
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|
|
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As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
445000 |
Equity Shares |
Rs.10/- each
|
Rs.4.450
Million |
|
18750 |
Equity Shares (of Rs. 10/- each, Rs. 5/- paid up) |
Rs.10/- each
|
Rs.0.094
Million |
|
|
|
|
|
|
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Total |
|
Rs.4.544 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 |
4.544 |
4.344 |
4.344 |
|
(b) Reserves &
Surplus |
51.569 |
44.572 |
30.411 |
|
(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) |
56.113 |
48.916 |
34.755 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
57.830 |
67.209 |
54.596 |
|
(b) Deferred tax
liabilities (Net) |
1.165 |
1.034 |
0.969 |
|
(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) |
58.995 |
68.243 |
55.565 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
39.674 |
35.160 |
33.634 |
|
(c) Other current
liabilities |
46.612 |
51.247 |
49.719 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
86.286 |
86.407 |
83.353 |
|
|
|
|
|
|
TOTAL |
201.394 |
203.566 |
173.673 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
35.947 |
40.355 |
39.747 |
|
(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 |
2.376 |
1.080 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.584 |
0.381 |
0.406 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
38.907 |
41.816 |
40.153 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
32.470 |
16.287 |
24.837 |
|
(c) Trade receivables |
80.707 |
117.853 |
85.071 |
|
(d) Cash and cash
equivalents |
20.678 |
10.088 |
12.185 |
|
(e) Short-term loans and
advances |
28.632 |
17.522 |
11.427 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
162.487 |
161.750 |
133.520 |
|
|
|
|
|
|
TOTAL |
201.394 |
203.566 |
173.673 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
495.697 |
584.780 |
418.311 |
|
|
Other Income |
3.393 |
1.985 |
0.252 |
|
|
TOTAL (A) |
499.090 |
586.765 |
418.563 |
|
|
|
|
|
|
|
Less: |
EXPENSES |
|
|
|
|
|
Purchases |
436.865 |
485.514 |
355.136 |
|
|
Changes in inventories |
(16.182) |
8.550 |
(11.112) |
|
|
Employees benefits
expense |
9.585 |
8.936 |
4.733 |
|
|
Other expenses |
44.398 |
51.932 |
42.815 |
|
|
TOTAL (B) |
474.666 |
554.932 |
391.572 |
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (A-B) (C) |
24.424 |
31.833 |
26.991 |
|
|
|
|
|
|
|
|
Less: |
FINANCIAL EXPENSES (D) |
5.715 |
6.773 |
6.580 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
18.709 |
25.060 |
20.411 |
|
|
|
|
|
|
|
Less: |
DEPRECIATION/
AMORTISATION (F) |
3.553 |
3.800 |
3.530 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
15.156 |
21.260 |
16.881 |
|
|
|
|
|
|
|
Less: |
TAX (H) |
4.690 |
7.100 |
8.164 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
10.466 |
14.160 |
8.717 |
|
|
|
|
|
|
|
Add: |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (J) |
33.447 |
19.286 |
10.569 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (I+J) (K) |
43.913 |
33.446 |
19.286 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
242.450 |
266.024 |
161.004 |
|
|
TOTAL EARNINGS |
242.450 |
266.024 |
161.004 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
271.621 |
344.813 |
238.166 |
|
|
TOTAL IMPORTS |
271.621 |
344.813 |
238.166 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
24.00 |
33.00 |
20.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
(0.251) |
17.582 |
|
Net Cash from Operating Activities |
NA |
(7.286) |
10.698 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.11 |
2.42 |
2.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.93 |
5.44 |
6.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.62 |
10.50 |
9.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.43 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.03 |
1.37 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.88 |
1.87 |
1.60 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
4.344 |
4.344 |
4.544 |
|
Reserves & Surplus |
30.411 |
44.572 |
51.569 |
|
Net worth |
34.755 |
48.916 |
56.113 |
|
|
|
|
|
|
long-term borrowings |
54.596 |
67.209 |
57.830 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
54.596 |
67.209 |
57.830 |
|
Debt/Equity ratio |
1.571 |
1.374 |
1.031 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from Operations |
418.311 |
584.780 |
495.697 |
|
|
|
39.796 |
(15.234) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from Operations |
418.311 |
584.780 |
495.697 |
|
Profit |
8.717 |
14.160 |
10.466 |
|
|
2.08% |
2.42% |
2.11% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 198/2 Aji GIDC Road Rajkot – 360003, Gujarat, India to the present address w.e.f. w.e.f. 01.08.2013
UNSECURED LOAN:
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Directors, Shareholders and Relatives |
19.759 |
17.130 |
|
Total |
19.759 |
17.130 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90105415 |
29/07/2015 * |
174,240,000.00 |
Corporation Bank Main Branch |
NIJANAND, DHEBAR
ROAD, RAJKOT, GUJARAT - 360001, |
C60426970 |
FIXED ASSETS:
- Air Conditioner
- Air Cooler
- Car (Ford Fiesta)
- Car (Magna)
- Car (Swt)
- CCTV Camera
- Computer
- Computer Cabin
- Cycle
- Electric Connection - Metoda
- Electric Fittings
- Epabx System
- Every Scale
- Factory Buildtfig and Shed (Aji GIDC)
- Factory Building and Shed (Metoda)
- Factory Land (Aji Gidc)
- Factory Land (Metoda)
- Fax Machine
- Freeze
- Furniture (Aji GIDC)
- Furniture (Metoda)
- Inverter
- Laboratory Equipment
- Mobile
- Plant and Machinery
- Plot – 2734
- Office Building and Interior
- Scooter
- T.V.S. Scooty
- Television
- Type Writer
- Water Filter
- Water Plant
- Xerox Machine
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 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. 63.81 |
|
UK Pound |
1 |
Rs. 98.93 |
|
Euro |
1 |
Rs. 69.66 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
THR |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.