MIRA INFORM REPORT
|
Report No. : |
336199 |
|
Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
CUSTOM CAPSULES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1001, Dalamal House, 10th Floor, Nariman Point,
Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-22872557 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.09.1988 |
|
|
|
|
Com. Reg. No.: |
11-048924 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24235MH1988PTC048924 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC10955A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC6203G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Capsules of various sizes from Gelatin and HPMC, to be
used for vetinary and other purposes. The Company also Manufactures Equipment
used for manual filling operations of capsules of various sizes. |
|
|
|
|
No. of Employees
: |
Information declined by the 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 300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
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Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1988 and it is a manufacturer and
exporter of custom size capsules in gelatin and HPMC hand operated machines. Subject is an established company having satisfactory track record. For the financial year ended 2014, company possesses adequate
operational performance and it has maintained decent profitability margins
during a year under a review. Rating also takes into consideration company’s sound financial risk
profile marked by above average net worth base along with zero borrowing and
favorable gap between trade payables to its receivables. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of aforesaid, the company 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 – 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Prashant |
|
Designation : |
Finance Department |
|
Date : |
08.08.2015 |
LOCATIONS
|
Registered Office : |
1001, Dalamal House, 10th Floor, Nariman Point,
Mumbai – 400 021, |
|
Tel. No.: |
91-22-22872557 |
|
Fax No.: |
91-22-22872560 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
B-8/1, Camlin Naka, MIDC, Tarapur, Thane-401506, Maharashtra, India |
|
Tel. No.: |
91-2525-272538 |
|
Fax No.: |
91-2525-272537 |
DIRECTORS
As on 22.09.2014
|
Name : |
Mr. Jasjit Daljit Singh |
|
Designation : |
Director |
|
Address : |
2-B Swapnalok L.J. Marg, |
|
Date of Birth/Age : |
03.04.1943 |
|
Date of Appointment : |
23.09.1988 |
|
DIN No.: |
00901470 |
|
|
|
|
Name : |
Mr. Ajit Daljit Singh |
|
Designation : |
Director |
|
Address : |
1A Brighten Building No.1, |
|
Date of Birth/Age : |
20.11.1941 |
|
Date of Appointment : |
23.09.1988 |
|
DIN No.: |
00915347 |
|
|
|
|
Name : |
Mr. Raj Vikram Tahil |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
07.12.1959 |
|
Date of Appointment : |
12.11.2002 |
|
DIN No.: |
01231912 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.09.2014
|
Names of Shareholders |
No. of Shares |
|
Class A Voting
Equity Shares |
|
|
Ajit Daljit Singh |
2150 |
|
Jasjit Daljit Singh Singh Family Trust |
562 |
|
Raj Vikram Tahil |
4900 |
|
Nandini Jasjit Singh |
250 |
|
Karan Jasjit Singh |
250 |
|
Priya Jasjit Singh |
250 |
|
Jasjit Singh Karta of Jasjit Singh (HUF) |
400 |
|
Ajit Singh, MNT Will Trust |
540 |
|
Ajit Singh Karta of Sardar Daljit Singh (HUF) |
200 |
|
Jasjit Singh Kavita Jasjit Singh |
438 |
|
Jasjit Singh, MNT Will Trust |
60 |
|
Sub
Total (A) |
10000 |
|
|
|
|
Class B Non
Voting Equity Shares |
|
|
Ajit Daljit Singh |
19350 |
|
Jasjit Daljit Singh Singh Family Trust |
5058 |
|
Nandini Jasjit Singh |
2250 |
|
Karan Jasjit Singh |
2250 |
|
Priya Jasjit Singh |
2250 |
|
Jasjit Singh Karta of Jasjit Singh (HUF) |
3600 |
|
Ajit Singh, MNT Will Trust |
4860 |
|
Ajit Singh Karta of Sardar Daljit Singh (HUf) |
1800 |
|
Kavita Jasjit Singh Jasjit Singh |
3942 |
|
Jasjit Singh, MNT Will Trust |
540 |
|
Sub
Total (B) |
45900 |
|
|
|
|
Class C Non
Voting Equity Shares (NRI) Held |
|
|
Raj Vikram Tahil |
44100 |
|
Sub
Total (C) |
44100 |
|
|
|
|
TOTAL
(A+B+C) |
100000 |
Equity Share Break up (Percentage of Total Equity)
As on 22.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Capsules of various sizes from Gelatin and HPMC, to be
used for vetinary and other purposes. The Company also Manufactures Equipment
used for manual filling operations of capsules of various sizes. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
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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||||||||||||||||||||||
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Auditors : |
|
|
Name : |
B.K. Khare and Company Chartered Accountants |
|
Address : |
706/708, Sharda Chambers, New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB0265E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprise that have Key Management in common with the reporting
enterprises and enterprise over which key management person able to exercise
significant influence: |
Domestic
Companies:
Foreign
Companies
Firms
|
CAPITAL STRUCTURE
As on 22.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Class A Voting Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
|
45900 |
Class B Non-Voting Equity Shares |
Rs.100/- each |
Rs.4.590 Million |
|
44100 |
Class C Non-Voting Equity Shares |
Rs.100/- each |
Rs.4.410 Million |
|
|
TOTAL |
|
Rs.10.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Class A Voting Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
|
45900 |
Class B Non-Voting Equity Shares |
Rs.100/- each |
Rs.4.590 Million |
|
44100 |
Class C Non-Voting Equity Shares |
Rs.100/- each |
Rs.4.410 Million |
|
|
TOTAL |
|
Rs.10.000
Millions |
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 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
93.641 |
112.149 |
124.771 |
|
(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) |
103.641 |
122.149 |
134.771 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
2.966 |
2.575 |
2.721 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.247 |
1.216 |
0.706 |
|
Total
Non-current Liabilities (3) |
4.213 |
3.791 |
3.427 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
7.901 |
7.842 |
5.117 |
|
(c) Other current liabilities |
24.389 |
20.356 |
30.500 |
|
(d) Short-term provisions |
47.786 |
33.672 |
31.898 |
|
Total
Current Liabilities (4) |
80.076 |
61.870 |
67.515 |
|
|
|
|
|
|
TOTAL |
187.930 |
187.810 |
205.713 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
56.984 |
50.396 |
52.025 |
|
(ii) Intangible Assets |
0.027 |
0.124 |
0.238 |
|
(iii) Capital work-in-progress |
0.056 |
3.619 |
0.416 |
|
(iv) Intangible assets under
development |
0.516 |
0.516 |
0.000 |
|
(b) Non-current Investments |
0.103 |
2.103 |
3.603 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.624 |
3.906 |
2.155 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
61.310 |
60.664 |
58.437 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
12.095 |
10.071 |
30.423 |
|
(b) Inventories |
44.620 |
43.899 |
34.558 |
|
(c) Trade receivables |
24.832 |
20.625 |
0.121 |
|
(d) Cash and cash equivalents |
14.211 |
15.850 |
23.136 |
|
(e) Short-term loans and
advances |
30.783 |
36.623 |
58.574 |
|
(f) Other current assets |
0.079 |
0.078 |
0.464 |
|
Total
Current Assets |
126.620 |
127.146 |
147.276 |
|
|
|
|
|
|
TOTAL |
187.930 |
187.810 |
205.713 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TURNOVER
(GROSS) |
80.498 |
195.887 |
187.050 |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
80.498 |
65.531 |
72.076 |
|
|
|
|
|
|
|
Less |
TAX |
27.426 |
21.078 |
22.982 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
53.072 |
44.453 |
49.094 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
65.745 |
82.812 |
123.956 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
5.307 |
4.445 |
4.909 |
|
|
Interim
Dividends Paid |
|
|
|
|
|
Class A Voting Equity Shares @ 30% (PY 20%) |
0.300 |
0.200 |
0.400 |
|
|
Class B Non-Voting Equity Shares @ 750% (PY 500%) |
34.425 |
22.950 |
45.900 |
|
|
Class C Non-Voting Equity Shares @ 45% (PY 30%) |
1.985 |
1.323 |
2.646 |
|
|
Tax on Dividend |
6.239 |
3.970 |
7.940 |
|
|
Proposed
Dividend |
|
|
|
|
|
Class A Voting Equity Shares @ 20% (PY 20%) |
0.200 |
0.200 |
0.200 |
|
|
Class B Non-Voting Equity Shares @ 500 % (PY 500%) |
22.950 |
22.950 |
22.950 |
|
|
Class C Non-Voting Equity Shares @ 30% (PY 30%) |
1.323 |
1.323 |
1.323 |
|
|
Tax on Dividend |
4.159 |
4.159 |
3.970 |
|
|
Total
|
76.888 |
61.520 |
90.238 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
41.929 |
65.745 |
82.812 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
254.026 |
185.429 |
178.825 |
|
|
TOTAL
EARNINGS |
254.026 |
185.429 |
178.825 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials (Gelatin) |
15.679 |
9.037 |
11.058 |
|
|
Raw Materials (Machine) |
0.316 |
0.387 |
Nil |
|
|
Stores & Spares |
0.149 |
0.119 |
0.068 |
|
|
TOTAL
IMPORTS |
16.144 |
9.543 |
11.126 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
530.72 |
444.53 |
490.94 |
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 |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
65.93 |
22.69 |
26.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
42.99 |
36.09 |
35.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.78 |
0.54 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
2.06 |
2.18 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
124.771 |
112.149 |
93.641 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
134.771 |
122.149 |
103.641 |
|
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 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
187.050 |
195.887 |
80.498 |
|
|
|
4.724 |
(58.906) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
187.050 |
195.887 |
80.498 |
|
Profit |
49.094 |
44.453 |
53.072 |
|
|
26.25% |
22.69% |
65.93% |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
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 |
THE COMPANY AND NATURE
OF ITS OPERATIONS
Customs Capsules Private Limited having Registered Office in Mumbai,
Maharashtra, Inida, carries on business in manufacturer of Capsules of various
sizes from Gelatin and HPMC. To be used for vetinary and other purposes. The
Company also manufactures equipment used for manual filling operations of
capsules of various sizes.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10550767 |
03/02/2015 |
11,000,000.00 |
Standard Chartered Bank |
Crescenzo, 3A/F,
Plot no. C38 & 39, G Block, Band |
C44431195 |
|
2 |
90237034 |
22/02/1994 |
1,800,000.00 |
HDFC Limited |
169; BACKBAY
RECLAMATION, MUMBAI, Maharashtra, IND |
- |
FIXED ASSETS
- Land
- Building-Factory
- Plant and
Equipment
- Furniture,
Fixtures and Other Equipment
- Vehicle
- Computer
Software
- Patents
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.63.80 |
|
|
1 |
Rs.98.92 |
|
Euro |
1 |
Rs.69.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
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.