MIRA INFORM REPORT
|
Report No. : |
355002 |
|
Report Date : |
16.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
NAPROD LIFE SCIENCES PRIVATE LIMITED (w.e.f.07.12.2006) |
|
|
|
|
Formerly Known
As : |
NEON ANTIBIOTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
304, Town Centre, 3rd Floor, Andheri – Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra |
|
Tel. No.: |
91-22-42142700 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
30.07.1990 |
|
|
|
|
Com. Reg. No.: |
11-057496 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230mh1990ptc057496 |
|
|
|
|
IEC No.: |
0393037207 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN10162F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN1291M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Parenterals, Tablets, Capsules Formulations
and General / Sterile API’s. [Confirmed by management] |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject has been declared as dormant company by the government
department, because the Management has not filed its financial record with
government department since 2006. As per our investigation, our executive had word with Mr. Ketan Shah,
finance head that the company has not filed its financials after 2006 as
legal case is going on against one of the director of the company. Further,
he confirmed that the activities of the company are running smoothly. As per our source, we able to get the financial for the year ended
2015, as per the financial the company reported healthy operational
activities along with decent profitability margin and moderate financial
profile with sound net worth. However, business is active and subjects undertake its business operations
actively. The company can be considered for business dealings with great
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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) 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 PARTED BY
|
Name : |
Mr. Ketan Shah |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9326720397 |
|
Date : |
12.12.2015 |
LOCATIONS
|
Registered Office : |
304, Town Centre, 3rd Floor, Andheri – Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra, India |
|
Tel. No.: |
91-22-42142700 |
|
Mobile No.: |
91-9320720397 (Mr. Ketan Shah) |
|
Fax No.: |
91-22-66490036 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
factory : |
G/17/1, MIDC, Tarapur, Boisar, Thane – 401 506, Maharashtra,
India |
|
Area: |
3600 sq. ft. |
|
Location : |
Leased |
DIRECTORS
AS ON 26.10.2006
|
Name : |
Mr. Ashok Jain |
|
Designation : |
Director |
|
Address : |
15, Samhita CHS Limited, Factory Lane, Borivali (West), Mumbai – 400
092, Maharashtra, India |
|
Date of Birth/Age : |
13.09.1957 |
|
Qualification: |
Graduate |
|
Date of Appointment : |
25.03.1996 |
|
|
|
|
Name : |
Mrs. Kamla Babulal Jain |
|
Designation : |
Director |
|
Address : |
B-83, Dattani Towers, Near Kora Kendra, S.V. Road, Borivali (West),
Mumbai – 400 092, Maharashtra, India |
|
Date of Birth/Age : |
10.12.1947 |
|
Qualification: |
F.Y.B.Com |
|
Date of Appointment : |
25.03.1996 |
|
Voter ID No.: |
MT/09/042/007 |
|
|
|
|
Name : |
Mr. Mohan Jain |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Ketan Shah |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS
AS ON 26.10.2006
|
Names of Shareholders |
No. of Shares |
|
Uttam K. Jain |
63480 |
|
Pravin K. Jain |
15620 |
|
Babulal K. Jain |
28000 |
|
Ashok K. Jain |
127390 |
|
Babulal K. Jain (HUF) |
50150 |
|
Ashok K. Jain (HUF) |
17850 |
|
Chanchal Jain |
95400 |
|
Karla B. Jain |
109150 |
|
Shari P. Jain |
200500 |
|
Manish Jain |
27600 |
|
Mohan Jain |
58500 |
|
Meena Jain |
100900 |
|
Sunita Jain |
84742 |
|
Uttam K. Jain (HUF) |
54700 |
|
Abhay Jain |
62792 |
|
Rahul Jain |
67192 |
|
Prachi Jain |
125092 |
|
Pravin K. Jain (HUF) |
9750 |
|
Rohan Jain |
54792 |
|
Jain Pravin-Hira and Company, India |
15150 |
|
Jain B. Manish (N.AG) |
11500 |
|
Sangeeta Jain |
109350 |
|
Aarya Jain |
100 |
|
Nisal Jain |
100 |
|
Niyati Jain |
10100 |
|
Mohan B. Jain (HUF) |
100 |
|
TOTAL
|
1500000 |
AS ON 26.10.2006
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Parenterals, Tablets, Capsules
Formulations and General / Sterile API’s. [Confirmed by management] |
|
|
|
|
Products : |
·
Anaesthetics and Allied Products ·
Antineoplast Products ·
Corticosteroids and Hormons Products ·
Antibacterials Products ·
Antitubercular Products ·
Gynaecological Products ·
Analgesic and Antipyratic Products ·
Cardiovascular Products ·
Vitamin, Haematinic and Mineral Preparations ·
Antihistamine, Cough and Cold Preparations ·
Other Specialities
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and L/C (30/60 days) |
|
|
|
|
Purchasing : |
Cash and L/C (30/60 days) |
PRODUCTION STATUS (AS ON 31.03.2006)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Injections |
(Nos.) I (In
Lacs) |
230.00 |
81.83 |
|
Capsules |
(Nos.) I (In
Lacs) |
210.00 |
5.36 |
|
Tablets |
(Nos.) I (In
Lacs) |
350.00 |
305.31 |
|
Bulk Drugs |
Kgs. |
18000.00 |
3430.78 |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
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No. of Employees : |
350 (Approximately) |
||||||||||||
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Bankers : |
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||||||||||||
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|
|
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Auditors : |
|
|
Name : |
Sohan S. jain and
Company Chartered Accountants |
|
Address : |
301, Verma Chambers, 11, Homji Street, Horniman Circle, Mumbai – 400
001, Maharashtra, India |
|
PAN No.: |
AACPJ4845Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.30.200 Million
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
30.200 |
30.200 |
|
(b) Reserves & Surplus |
|
975.036 |
904.501 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1005.236 |
934.701 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
9.931 |
16.754 |
|
(b) Deferred tax liabilities (Net) |
|
30.959 |
37.104 |
|
(c) Other long term
liabilities |
|
3.668 |
4.983 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
44.558 |
58.841 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
87.078 |
95.371 |
|
(c) Other
current liabilities |
|
7.684 |
28.633 |
|
(d) Short-term
provisions |
|
34.160 |
52.492 |
|
Total Current
Liabilities (4) |
|
128.922 |
176.496 |
|
|
|
|
|
|
TOTAL |
|
1178.716 |
1170.038 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
270.007 |
265.210 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
9.038 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.500 |
0.500 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
119.597 |
119.581 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
399.142 |
385.291 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
169.073 |
169.153 |
|
(c) Trade
receivables |
|
221.042 |
251.919 |
|
(d) Cash
and cash equivalents |
|
323.963 |
268.321 |
|
(e)
Short-term loans and advances |
|
65.496 |
95.354 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
779.574 |
784.747 |
|
|
|
|
|
|
TOTAL |
|
1178.716 |
1170.038 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
981.088 |
1265.262 |
|
|
|
Other Income |
|
20.091 |
11.518 |
|
|
|
TOTAL |
|
1001.179 |
1276.780 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
474.283 |
606.577 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(0.518) |
33.151 |
|
|
|
Employees benefits expense |
|
140.435 |
131.747 |
|
|
|
Other expenses |
|
215.990 |
266.825 |
|
|
|
R and D expenses |
|
26.655 |
31.786 |
|
|
|
TOTAL |
|
856.845 |
1070.086 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
144.334 |
206.694 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
2.168 |
3.829 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
142.166 |
202.865 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
45.591 |
19.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
|
|
96.575 |
183.695 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
22.181 |
48.730 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
74.394 |
134.965 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
24.63 |
44.69 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1020.000 |
|
|
|
|
(Due to less
exports) |
Expected Sales (2013-2014): Rs. 1100.000 Million
The above information has been parted by Mr. Ketan Shah.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
|
Net cash flow from (used in) operation |
|
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2015 |
31.03.2014 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
7.58 |
10.67 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
|
14.71 |
16.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
8.26 |
15.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.10 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
0.01 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
6.05 |
4.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
30.200 |
30.200 |
|
Reserves & Surplus |
904.501 |
975.036 |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
|
Net
worth |
934.701 |
1005.236 |
|
|
|
|
|
long-term borrowings |
16.754 |
9.931 |
|
Short term borrowings |
0.000 |
0.000 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.000 |
0.000 |
|
Total
borrowings |
16.754 |
9.931 |
|
Debt/Equity
ratio |
0.018 |
0.010 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1265.262 |
981.088 |
|
|
|
(22.460) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1265.262 |
981.088 |
|
Profit |
134.965 |
74.394 |
|
|
10.67% |
7.58% |
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 |
Yes |
|
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
----- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last two 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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10150078 |
22/02/2007 |
47,500,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
A11328325 |
|
2 |
90240409 |
30/07/2002 * |
19,100,000.00 |
STATE BANK OF INDIA |
BORIVALI EAST BRANCH, MUMBAI, Maharashtra - 400066, INDIA |
- |
|
3 |
90238307 |
31/03/1997 |
12,100,000.00 |
MAHARASHTRA STATE FINANCIAL CORPORATION |
NEW EXCELSIOR BUILDING; 5TH; 7TH; 8TH & 9TH FLOORS, AMRIT KESHAV NAYAK MARG, MUMBAI, Maharashtra - 400001, INDIA |
- |
|
4 |
90238283 |
06/12/1995 |
8,580,000.00 |
MAHARASHTRA STATE FINANCIAL CORPORATION |
NEW EXCELSIOR BUILDING; 5TH; 7TH; 8TH & 9TH FLOORS, AMRIT KESHAV NAYAK MARG, BOMBAY, Maharashtra - 400001, INDIA |
- |
|
5 |
90239987 |
01/11/1994 |
5,100,000.00 |
STATE BANK OF INDIA |
BORIVALI EAST BRANCH, DATTAPADA; BORIVLI EAST, BOMBAY, Maharashtra - 400066, INDIA |
- |
* Date of charge modification
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. 60.04 |
|
UK Pound |
1 |
Rs. 101.67 |
|
Euro |
1 |
Rs. 73.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.