MIRA INFORM REPORT
|
Report No. : |
352453 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
METROCHEM API PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
METRO CHEM ACTIVE PHARMACEUTICAL INGREDIENTS PRIVATE LIMITED |
|
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|
Registered
Office : |
7-1-638 to 643, 643/1, Flat No.302, Beside ESI Hospital, Erragadda,
Hyderabad – 500038, Andhra Pradesh |
|
Tel. No.: |
91-40-237004321 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2015 |
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|
|
Date of Incorporation
: |
01.07.2002 |
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|
|
|
Com. Reg. No.: |
01-039223 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 183.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239AP2002PTC039223 |
|
|
|
|
IEC No.: |
0904011470 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDM04148E |
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|
|
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PAN No.: [Permanent Account No.] |
AADCM2691M |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Exporting of Bulk Drugs (Registered Activity) |
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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 2500000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was started as a partnership firm in 1999, and the
constitution was changed to private limited company in July 2002. The company
is an ISO 9001:2000 and WHO GMP certified company engaged in the
manufacturing and exporting of bulk drugs. It has five manufacturing
facilities located in the outskirts of Hyderabad, Telanagana. The ratings on company’s reflect the long track record and experienced
management team, manufacturing facilities with WHOGMP and ISO-9001-2008
certifications, reputed clientele base, moderate revenue growth with stable
profitability margins and comfortable capital structure along with strong
liquidity. The rating are, however, constrained by the concentrated revenue
profile, volatility in the raw material prices, foreign exchange fluctuation
risk, working capital-intensive nature of operation and intense competition
in the industry. However, trade relations are fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good 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 |
CARE |
|
Rating |
Long Term Bank Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
January 06, 2015. |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
January 06, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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
Management non-cooperative (Tel. No.: 91-40-23700421)
LOCATIONS
|
Registered Office : |
7-1-638 to 643, 643/1, Flat No.302, Beside ESI Hospital, Erragadda,
Hyderabad – 500038, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23700421 |
|
Fax No.: |
91-40-23705088 |
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E-Mail : |
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|
Website : |
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Area : |
2000 sq. ft. |
|
Location : |
Owned |
|
|
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Corporate Office : |
302, Bhanu Enclave, Sunder Nagar, Erragadda, |
|
Tel. No.: |
91-40-23700421/ 23813969/ 23812317/ 23816929 (Direct) |
|
Fax No.: |
91-40-23705088 |
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E-Mail : |
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Factory 1 : |
Flat No.62/C/6, IDA, Phase I, |
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Area : |
1260 Sq. Yard |
|
Location : |
Owned |
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Factory 2 : |
Plot No 69/A (Part) and D-69, IDA, Phase I, Jeedimetla, |
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Factory 3 : |
Plot No.3 and 4, Survey No.42, Ali Nagar Jinnararn Mandal, Medak
District, |
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Factory 4 : |
Survey No:530 and 534, Bonthapally, |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Venkateswara Rao Nandepu |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
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|
Address : |
H. No .7-1-63, Flat No. 204 Millenium Royal Ameerpet, Hyderabad –
500016, Andhra Pradesh, India |
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Date of Birth/Age : |
17.12.1963 |
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Date of Appointment : |
01.07.2002 |
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DIN No.: |
00092757 |
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Other
Directorship :
|
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|||||||||||||||||||||||||||
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Name : |
Mr. Veera Venkata Rama Vijaya Lakshmi Nandepu |
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Designation : |
Director |
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|
Address : |
H. No .7-1-63, Flat No. 204 Millenium Royal Ameerpet, Hyderabad –
500016, Andhra Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.06.1964 |
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Date of Appointment : |
01.10.2004 |
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DIN No.: |
00092882 |
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Name : |
Mr. Nalla Surya Prakash Rao |
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Designation : |
Director |
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|
Address : |
H.No.8-3-167/ D/204, Sri Sadan Apartments, Kalyannagar X Road,
Hyderabad – 500003, Andhra Pradesh, India |
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Date of Birth/Age : |
25.04.1964 |
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Date of Appointment : |
01.07.2002 |
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DIN No.: |
00092929 |
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Other Directorship
:
|
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|||||||||||||||||||||||||||
|
Name : |
Mr. Nalla Hymavathi |
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|
Designation : |
Director |
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|
Address : |
H.No.8-3-167/ D/204, Sri Sadan Apartments, Kalyannagar X Road,
Hyderabad – 500003, Andhra Pradesh, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.09.1973 |
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|
Date of Appointment : |
17.09.2003 |
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DIN No.: |
00093000 |
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Other
Directorship :
|
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MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
N. Venkateshwara Rao |
7340000 |
40.00 |
|
Nalla Hymavathi |
7340000 |
40.00 |
|
N. Surya Prakash Rao |
1835000 |
10.00 |
|
Nandepu Vijaya Lakshmi |
1835000 |
10.00 |
|
|
|
|
|
Total |
18350000 |
100.00 |
AS ON 26.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporting of Bulk Drugs (Registered Activity) |
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Products : |
Not Divulged |
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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 |
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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Facilities : |
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Auditors : |
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|
Name : |
P.S.N. Ravishanker and Associates Chartered Accountants |
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Address : |
Flat No. 205, B-Block, II Floor, Kushal Towers, Khairatabad, |
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PAN No.: |
AACFP1611J |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
18350000 |
Equity Shares |
Rs. 10/-
each |
Rs. 183.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
183.500 |
171.000 |
95.450 |
|
(b) Reserves & Surplus |
724.446 |
533.163 |
429.455 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
25.420 |
|
Total
Shareholders’ Funds (1) + (2) |
907.946 |
704.163 |
550.325 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
326.112 |
19.013 |
3.178 |
|
(b) Deferred tax liabilities (Net) |
23.559 |
22.101 |
21.456 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
13.339 |
|
(d) long-term
provisions |
7.643 |
5.055 |
4.842 |
|
Total Non-current
Liabilities (3) |
357.314 |
46.169 |
42.815 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
426.085 |
447.093 |
371.799 |
|
(b) Trade
payables |
1098.296 |
807.394 |
675.689 |
|
(c) Other
current liabilities |
28.926 |
13.974 |
33.165 |
|
(d) Short-term
provisions |
75.764 |
64.077 |
58.245 |
|
Total Current
Liabilities (4) |
1629.071 |
1332.538 |
1138.898 |
|
|
|
|
|
|
TOTAL |
2894.331 |
2082.870 |
1732.038 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
365.379 |
352.727 |
360.224 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
726.314 |
402.173 |
215.587 |
|
(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 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
141.111 |
22.808 |
14.625 |
|
Total Non-Current Assets |
1232.804 |
777.708 |
590.436 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
417.717 |
330.749 |
260.587 |
|
(c) Trade
receivables |
1022.217 |
834.132 |
760.641 |
|
(d) Cash and
cash equivalents |
60.863 |
54.175 |
40.042 |
|
(e)
Short-term loans and advances |
17.561 |
13.827 |
33.837 |
|
(f) Other
current assets |
143.169 |
72.279 |
46.495 |
|
Total
Current Assets |
1661.527 |
1305.162 |
1141.602 |
|
|
|
|
|
|
TOTAL |
2894.331 |
2082.870 |
1732.038 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
2821.209 |
2197.702 |
2039.300 |
|
|
Other Income |
16.375 |
24.477 |
4.900 |
|
|
Increase/(Decrease) in Stocks |
0.000 |
0.000 |
70.400 |
|
|
TOTAL |
2837.584 |
2222.179 |
2114.600 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1879.830 |
|
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(27.368) |
(45.121) |
Including |
|
|
Employees benefits expense |
159.475 |
110.301 |
Financials |
|
|
Other expenses |
477.499 |
398.643 |
And |
|
|
TOTAL |
(193.666) |
0.000 |
Depreciation |
|
|
|
|
|
Expenses |
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
351.814 |
276.423 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
87.565 |
73.162 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
264.249 |
203.261 |
193.600 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
32.879 |
34.831 |
33.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
231.370 |
168.430 |
160.300 |
|
|
|
|
|
|
|
Less |
TAX |
77.222 |
64.723 |
57.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
154.148 |
103.707 |
102.500 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
518.200 |
414.500 |
312.000 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
672.348 |
518.200 |
414.500 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.40 |
6.06 |
10.74 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.46 |
4.72 |
5.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
12.47 |
12.58 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.67 |
10.02 |
10.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.24 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.83 |
0.66 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
0.98 |
1.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
95.450 |
171.000 |
183.500 |
|
Reserves & Surplus |
429.455 |
533.163 |
724.446 |
|
Share Application money
pending allotment |
25.420 |
0.000 |
0.000 |
|
Net
worth |
550.325 |
704.163 |
907.946 |
|
|
|
|
|
|
long-term borrowings |
3.178 |
19.013 |
326.112 |
|
Short term borrowings |
371.799 |
447.093 |
426.085 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
374.977 |
466.106 |
752.197 |
|
Debt/Equity
ratio |
0.681 |
0.662 |
0.828 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2039.300 |
2197.702 |
2821.209 |
|
|
|
7.767 |
28.371 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2039.300 |
2197.702 |
2821.209 |
|
Profit |
102.500 |
103.707 |
154.148 |
|
|
5.03% |
4.72% |
5.46% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10505670 |
03/06/2014 |
520,000,000.00 |
State Bank of India |
Commercial Branch, Mid
Corporate Group, Bank Stre |
C09082850 |
|
2 |
10469525 |
30/11/2013 |
16,599,364.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, Dhirubhai Ambani Knowledge C |
B93266633 |
|
3 |
10468195 |
28/12/2013 * |
261,200,000.00 |
State Bank of India |
SME Branch, 2nd
Floor, Chirag Ali Lane, Abids, Hy |
B94670692 |
|
4 |
90343706 |
03/06/2014 * |
1,190,000,000.00 |
State Bank of India |
Credit Processing
Cell, Commercial Branch, 2nd Fl |
C06879415 |
|
5 |
90341155 |
29/12/2005 * |
33,793,000.00 |
STATE BANK OF INDIA |
COMMERCIALBRANCH-4168,
HYDERABAD, Andhra Pradesh, |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Office
Buildings
- Factory
Buildings
- Plant and
Equipment
- Furniture and
Fixture
- Vehicles
- Motor Vehicle
- Office Equipment
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 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. 66.62 |
|
UK Pound |
1 |
Rs. 100.34 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--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.