MIRA INFORM REPORT
|
Report No. : |
352716 |
|
Report Date : |
04.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
S KANT PHARMA
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.7, Turbhe-Thane Belapur Road, Belapur Road, Navi Mumbai - 400705, Maharashtra |
|
Tel. No.: |
91-22-23648882 / 27681505 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.06.1983 |
|
|
|
|
Com. Reg. No.: |
11-030195 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1983PTC030195 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA1234A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of bulk drugs and micro bars. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company incorporated in the year 1983. It is
engaged in the business of manufacturing of bulk drugs and micro bars. The company has shown downtrend in its operational activity as its
profit earnings are decreasing year-on-year. The company has sound financial base, negligible debt along with favourable
gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are slow but
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.
EXTERNAL AGENCY RATING
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Hemal Galiya |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9773396697 |
|
Date : |
01.12.2015 |
LOCATIONS
|
Registered Office / Factory : |
Plot No.7, Turbhe-Thane Belapur Road, Belapur Road, Navi Mumbai - 400705, Maharashtra, India |
|
Tel. No.: |
91-22-23648882 / 27681505 |
|
Mobile No.: |
91-9773396697 (Mr. Hemal Galiya) |
|
Fax No.: |
91-22-23633900 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
3 – A, Shiv Sagar Estate, North Wing, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-6622 7575 |
|
Fax No.: |
91-22-6622 7500 / 6622 7600 |
|
E-Mail : |
DIRECTORS
As on 12.09.2014
|
Name : |
Mr. Bipin Nemchand Shah |
|
Designation : |
Director |
|
Address : |
1801, Dev Darshan, 50 Ridge Road, Teen Batti, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1949 |
|
Date of Appointment : |
16.12.1985 |
|
DIN No.: |
00083244 |
|
|
|
|
Name : |
Mr. Ketan Lalit Shah |
|
Designation : |
Director |
|
Address : |
B2/2, Amalfi, 27 B, L.D. Ruparel Marg, Malabar Hill, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
26.05.1971 |
|
Date of Appointment : |
07.03.1996 |
|
DIN No.: |
00083326 |
|
|
|
|
Name : |
Mr. Samir Jayantilal Shah |
|
Designation : |
Director |
|
Address : |
3-B, Suvas Apartment, Rungta Lane,68. F, Nepeansea Road, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
22.10.1966 |
|
Date of Appointment : |
14.03.2007 |
|
DIN No.: |
00157396 |
|
|
|
|
Name : |
Mr. Lalit Popatlal Shah |
|
Designation : |
Director |
|
Address : |
B-2/2, Amalfi, 27 B, L. D. Ruparel Marg, Malabar Hill, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1936 |
|
Date of Appointment : |
31.03.1998 |
|
PAN No.: |
AABPS7815C |
|
DIN No.: |
00396345 |
KEY EXECUTIVES
|
Name : |
Mr. Hemal Galiya |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 12.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jayantilal Popatlal Shah |
|
270 |
|
Lalitkumar Popatlal Shah |
|
1200 |
|
Joposha Investment and Traders Private Limited, India |
|
4530 |
|
L. P. Shah Holdings and Traders Private Limited, India |
|
7500 |
|
Mrudula Jayantilal Shah |
|
900 |
|
Samir Jayantilal Shah |
|
300 |
|
Ketan Lalitkumar Shah |
|
300 |
|
Total |
|
15000 |
As on 12.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
80.20 |
|
Directors or relatives of Directors |
19.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of bulk drugs and micro bars. (Confirmed by management) |
|
|
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|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
|
Agencies Held : |
Not Available |
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|
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|
Exports : |
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|
Products : |
Bulk Drugs |
|
Countries : |
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|
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Imports : |
|
|
Products : |
Raw Material |
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Countries : |
|
|
|
|
|
Terms : |
|
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Selling : |
L/C |
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|
|
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Purchasing : |
L/C |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Chokshi and Chokshi Chartered Accountants |
|
Address : |
15/17, Raghavji B Building, Ground Floor, Raghavi Road, Gowalia Tank,
Off KEMPS Corner, Mumbai-400036, Maharashtra, India |
|
Tel. No.: |
91-22-23836900 |
|
PAN No.: |
AAAFC2633B |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Subsidiaries : |
Eskay Iodine Private Limited |
|
|
|
|
Companies are under
direct/Indirect influence : |
|
CAPITAL STRUCTURE
As on 12.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.100/-
each |
Rs.1.500
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 |
1.500 |
1.500 |
1.500 |
|
(b) Reserves &
Surplus |
369.887 |
345.710 |
312.644 |
|
(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) |
371.387 |
347.210 |
314.144 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
4.883 |
1.243 |
1.408 |
|
(d) long-term provisions |
0.586 |
0.414 |
0.491 |
|
Total Non-current
Liabilities (3) |
5.469 |
1.657 |
1.899 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
94.662 |
77.813 |
0.180 |
|
(b) Trade payables |
93.510 |
139.596 |
279.038 |
|
(c) Other current
liabilities |
136.223 |
55.597 |
43.231 |
|
(d) Short-term provisions |
1.755 |
1.754 |
1.743 |
|
Total Current Liabilities
(4) |
326.150 |
274.760 |
324.192 |
|
|
|
|
|
|
TOTAL |
703.006 |
623.627 |
640.235 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
23.989 |
27.425 |
28.772 |
|
(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 |
211.050 |
99.999 |
99.999 |
|
(c) Deferred tax assets
(net) |
0.104 |
0.683 |
0.808 |
|
(d) Long-term Loan and Advances |
13.438 |
29.048 |
20.049 |
|
(e) Other Non-current
assets |
9.279 |
4.209 |
3.814 |
|
Total Non-Current Assets |
257.860 |
161.364 |
153.442 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
92.307 |
154.762 |
|
(b) Inventories |
64.835 |
158.713 |
78.823 |
|
(c) Trade receivables |
121.831 |
119.629 |
154.925 |
|
(d) Cash and cash
equivalents |
143.542 |
40.276 |
47.216 |
|
(e) Short-term loans and
advances |
101.800 |
32.589 |
1.660 |
|
(f) Other current assets |
13.138 |
18.749 |
49.407 |
|
Total Current Assets |
445.146 |
462.263 |
486.793 |
|
|
|
|
|
|
TOTAL |
703.006 |
623.627 |
640.235 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
809.137 |
1364.335 |
1221.152 |
|
|
|
(Market Fluctuation) |
|
|
|
Less |
EXPENSES |
770.626 |
1312.389 |
1106.504 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
38.511 |
51.946 |
114.648 |
|
|
|
|
|
|
|
Less |
TAX |
12.519 |
17.125 |
37.032 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
25.992 |
34.821 |
77.616 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
307.952 |
500.795 |
777.219 |
|
|
TOTAL EARNINGS |
307.952 |
500.795 |
777.219 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1732.80 |
2321.40 |
5174.40 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
430.000 |
Expected Sales (2015-16): Rs.430.000 Million
The above information has been parted by Mr. Hemal Galiya (Accounts
Manager).
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 flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
3.21 |
2.55 |
6.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.83 |
9.93 |
21.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.15 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.25 |
0.22 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.68 |
1.50 |
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 |
1.500 |
1.500 |
1.500 |
|
Reserves & Surplus |
312.644 |
345.710 |
369.887 |
|
Net worth |
314.144 |
347.210 |
371.387 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.180 |
77.813 |
94.662 |
|
Total borrowings |
0.180 |
77.813 |
94.662 |
|
Debt/Equity ratio |
0.001 |
0.224 |
0.255 |
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) |
|
Total Income |
1221.152 |
1364.335 |
809.137 |
|
|
|
11.725 |
(40.694) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
1221.152 |
1364.335 |
809.137 |
|
Profit |
77.616 |
34.821 |
25.992 |
|
|
6.36% |
2.55% |
3.21% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
FUTURE OUTLOOK
The Company is deploying its resources in the best possible way to increase business volumes and plans to achieve increased business in the current year.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Rupee term loans from banks |
0.000 |
75.203 |
|
Loans and advances from directors |
94.662 |
0.664 |
|
Total |
94.662 |
75.867 |
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90229344 |
10/05/2012 * |
260,000,000.00 |
BANK OF INDIA |
WORLI NAKA BRANCH, PANKAJ MANSION, OPPOSITE PODAR HOSPITAL, DR. A. B. ROAD, WORLI NAKA, MUMBAI - 400018, MAHARASHTRA, INDIA |
B41622556 |
|
2 |
90232085 |
24/04/1998 |
21,800,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH, M. P. ROAD, MUMBAI - 400004, MAHARASHTRA, INDIA |
- |
|
3 |
90229179 |
15/03/1997 |
2,000,000.00 |
BANK OF INDIA |
OPERA HOUSE BRANCH, M. P. ROAD, MUMBAI - 400004, MAHARASHTRA, INDIA |
- |
|
4 |
90228531 |
10/05/2012 * |
260,000,000.00 |
BANK OF INDIA |
WORLI NAKA BRANCH, PANKAJ MANSION, OPPOSITE PODAR HOSPITAL, DR. A. B. ROAD, WORLI NAKA, MUMBAI - 400018, MAHARASHTRA, INDIA |
B41622689 |
|
5 |
90226868 |
09/05/2012 * |
260,000,000.00 |
BANK OF INDIA |
WORLI NAKA BRANCH, PANKAJ MANSION, OPPOSITE PODAR HOSPITAL, DR. A. B. ROAD, WORLI NAKA, MUMBAI - 400018, MAHARASHTRA, INDIA |
B41048943 |
|
6 |
90227838 |
10/05/2012 * |
260,000,000.00 |
BANK OF INDIA |
WORLI NAKA BRANCH, PANKAJ MANSION, OPPOSITE PODAR HOSPITAL, DR. A. B. ROAD, WORLI NAKA, MUMBAI - 400018, MAHARASHTRA, INDIA |
B41622713 |
* Date of charge modification
FIXED ASSETS
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
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.66.74 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.70.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
YES |
|
--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.