MIRA INFORM REPORT
|
Report No. : |
355161 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEHTA API PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
203 – Centre Point, Near Hotel Kohinoor, J.B. Nagar, Andheri Kurla
Road, Andheri (East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-28395643 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
30.03.1987 |
|
|
|
|
Com. Reg. No.: |
11-043003 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.801 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH1987PTC043003 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS41431F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS9868B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing and Exporting of API and Advance
drug Intermediates. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 |
|
|
|
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Litigation : |
Clear |
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|
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|
Comments : |
Subject was incorporated in the year 1987 and it is engaged in
manufacturing and Exporting of API and Advance drug Intermediates. It is an
old and established company having satisfactory track. For the financial year ended 2015, the company’s has reported decline
in sales turnover by 3% which further resulted to dip in net profit of the
company. However, rating takes into consideration company’s decent financial
risk profile supported by its healthy networth base and strong debt
protection metrics. The rating also takes into account of company’s long and established
track record of operations in the pharmaceutical industry and
well-established relationship with its reputed client base. These rating strengths are partially offset by risk associated to
regulatory changes in the pharmaceutical industry. Trade relations are reported as fair. Business is active. Payments 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India Ratings and Research |
|
Rating |
Long term Bank Facilities (BBB-) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
May 28, 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) 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 DENIED
Management Non-Corporative (91-22-40390400)
LOCATIONS
|
Registered Office / Head Office : |
203 - Centre Point, Near Hotel Kohinoor, J.B. Nagar, Andheri Kurla
Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28395643/45 91-22-40390400/22 |
|
Fax No.: |
91-22-28395644 |
|
E-Mail : |
|
|
Website : |
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|
|
|
Factory : |
Gut No. 546,519, 520 & 571, Behind Plot No. N-211, Village
Kumbhavli, Taluka Palghar, District |
|
Tel. No.: |
91-2525-645438 / 39 / 661108/ 605010/ 23 |
|
Fax No.: |
91-2525-275780 |
|
|
|
|
Tarapur Plant: |
Behind RMI Group, Near Plot No. N-211, Village Kumbhavali, Adjacent to
MIDC Area, Trarapur, Taluka-Palghar, District-Thane, Pin-401506, Maharashtra |
|
Tel. No.: |
91-2525-661108/ 09 / 605010/ 32 |
|
Fax No.: |
91-2525-275780 |
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on: 30.09.2015
|
Name : |
Mr. Devendra Harshadrai Mehta |
|
Designation : |
Director |
|
Address : |
B-201-202, Mohan Villa, Bajaj Road, Vile Parle (West), Mumbai – 400
056, Maharashtra, India |
|
Date of Birth/Age : |
17.06.1968 |
|
Date of Appointment : |
20.02.2014 |
|
DIN No.: |
00796682 |
|
PAN No.: |
AABPM0360J |
|
|
|
|
Name : |
Mr. Yogin Harshadrai Mehta |
|
Designation : |
Director |
|
Address : |
B-201-202, Mohan Villa, Bajaj Road, Vile Parle (West), Mumbai – 400
056, Maharashtra, India |
|
Date of Birth/Age : |
03.08.1971 |
|
Date of Appointment : |
20.02.2014 |
|
DIN No.: |
00796692 |
|
PAN No.: |
AABPM0364N |
|
|
|
|
Name : |
Mr. Harshadrai Prabhudas Mehta |
|
Designation : |
Managing Director |
|
Address : |
B-201/202, Mohan Villa, |
|
Date of Appointment : |
01.04.1987 |
|
DIN No.: |
00796610 |
|
PAN No.: |
AABPM1999B |
|
|
|
|
Name : |
Mr. Vijay Lachmn Kripalani |
|
Designation : |
Additional Director |
|
Address : |
801, 8th Floor, A-Wing Vanmli Society, Opp Dukes Factory, Off
Sion Trombay Road, Chember, Mumbai – 400071, Maharashtra, India |
|
Date of Appointment : |
04.10.2013 |
|
DIN No.: |
00033759 |
|
|
|
|
Name : |
Mr. Anil Balkrishna Ghogare |
|
Designation : |
Director |
|
Address : |
Flat No.104, 1st Floor, Rajnigndha Chs, Plot No. 106, Gorai
2, Borivali West, Mumbai – 400091, Maharashtra, India |
|
Date of Appointment : |
04.10.2012 |
|
DIN No.: |
00432659 |
KEY EXECUTIVES
|
Name : |
Satyajit Mishra and Company |
|
Designation : |
Company Secretaries |
|
Address: |
7, Megha Apartment, Jai Jawan Lane, Off. Daftari Road, Near Milan
Hotel, Malad (East), Mumbai – 400097, Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2015
|
Names of Shareholders |
|
No. of Shares |
|
Harshadrai Mehta |
|
35833 |
|
Devendra Mehta |
|
28670 |
|
Yogin Mehta |
|
28670 |
|
Manisha Mehta |
|
500 |
|
Mehta Chemicals, |
|
1000 |
|
H. P. Mehta (HUF) |
|
1000 |
|
Kundanbala Mehta |
|
1833 |
|
Darshana Mehta |
|
500 |
|
|
|
|
|
Total |
|
98006 |
Equity Share Break up (Percentage of Total Equity)
As No: 29.11.2014
|
Category |
Percentage |
|
Bodies corporate |
2.04 |
|
Directors or relatives of Directors |
97.96 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and Exporting of API and Advance
drug Intermediates. (Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
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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Facilities : |
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Auditors : |
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|
Name : |
V J Shah and Company Chartered Accountants |
|
Address : |
9/21, Bora Bazar Street, 1st Floor, Hira Niwas, 46, Mody
Street, CST, Mumbai – 400001, Maharashtra, India |
|
PAN No.: |
AAAFV0230F |
|
Email: |
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|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
Others |
|
CAPITAL STRUCTURE
As on: 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98006 |
Equity Shares |
Rs.100/-
each |
Rs.9.800 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 |
9.801 |
9.801 |
9.801 |
|
(b) Reserves & Surplus |
164.206 |
131.683 |
93.286 |
|
(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) |
174.007 |
141.484 |
103.087 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
133.681 |
135.903 |
140.860 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
133.681 |
135.903 |
140.860 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
32.487 |
49.367 |
132.610 |
|
(b) Trade
payables |
178.356 |
217.816 |
299.611 |
|
(c) Other
current liabilities |
166.545 |
73.783 |
36.582 |
|
(d) Short-term
provisions |
12.319 |
10.706 |
6.536 |
|
Total Current
Liabilities (4) |
389.707 |
351.672 |
475.339 |
|
|
|
|
|
|
TOTAL |
697.395 |
629.059 |
719.286 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
136.363 |
144.092 |
124.616 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.665 |
0.000 |
0.000 |
|
(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) |
4.443 |
2.007 |
0.652 |
|
(d) Long-term Loan and Advances |
41.056 |
23.997 |
18.555 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
183.527 |
170.096 |
143.823 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
172.591 |
136.724 |
136.294 |
|
(c) Trade
receivables |
284.287 |
199.219 |
341.200 |
|
(d) Cash
and cash equivalents |
39.642 |
86.102 |
75.767 |
|
(e)
Short-term loans and advances |
0.317 |
0.319 |
12.757 |
|
(f) Other
current assets |
17.031 |
36.599 |
9.445 |
|
Total
Current Assets |
513.868 |
458.963 |
575.463 |
|
|
|
|
|
|
TOTAL |
697.395 |
629.059 |
719.286 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1007.771 |
1055.832 |
|
|
|
|
Other Income |
46.262 |
32.931 |
|
|
|
|
TOTAL (A) |
1054.033 |
1088.763 |
983.745 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
436.503 |
453.529 |
|
|
|
|
Purchases of Stock-in-Trade |
361.016 |
361.226 |
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(2.963) |
(26.124) |
|
|
|
|
Extra-Ordinary Item |
0.112 |
0.230 |
|
|
|
|
Employees benefits expense |
35.324 |
25.367 |
|
|
|
|
Other expenses |
125.035 |
168.000 |
|
|
|
|
TOTAL (B) |
955.027 |
982.228 |
934.923 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
99.006 |
106.535 |
48.822 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
34.007 |
34.861 |
28.343 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
64.999 |
71.674 |
20.479 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
27.362 |
21.133 |
15.539 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
37.637 |
50.541 |
8.540 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.114 |
12.145 |
1.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
32.523 |
38.396 |
7.286 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
104.580 |
66.184 |
58.898 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
332.00 |
392.77 |
74.34 |
|
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 |
46.666 |
205.802 |
(14.782) |
|
Net Cash flows from operating activities |
39.116 |
164.433 |
(16.055) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.23 |
3.64 |
0.74 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.82 |
10.09 |
4.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.44 |
8.06 |
1.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.36 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.95 |
1.31 |
2.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.31 |
1.21 |
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 |
9.801 |
9.801 |
9.801 |
|
Reserves & Surplus |
93.286 |
131.683 |
164.206 |
|
Net worth |
103.087 |
141.484 |
174.007 |
|
|
|
|
|
|
long-term borrowings |
140.860 |
135.903 |
133.681 |
|
Short term borrowings |
132.610 |
49.367 |
32.487 |
|
Total borrowings |
273.470 |
185.270 |
166.168 |
|
Debt/Equity ratio |
2.653 |
1.309 |
0.955 |
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 |
983.745 |
1088.763 |
1054.033 |
|
|
|
10.675 |
(3.190) |
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 |
983.745 |
1088.763 |
1054.033 |
|
Profit |
7.286 |
38.396 |
32.523 |
|
|
0.74% |
3.53% |
3.09% |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
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 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:
The registered office of the company has been shifted from 314, 315-318 Janki
Centre, Plot No.29, Shah Industrial, Estate, Off Veera Desai Road, Andheri
(West), Mumbai – 400053, Maharashtra, India to present address w.e.f.
15.12.2013
UNSECURED LOAN
|
Particular |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
104.411 |
0.000 |
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
0.539 |
0.000 |
|
Term loans from others |
12.943 |
0.000 |
|
Loans and advances from related parties |
0.000 |
42.079 |
|
Total |
117.893 |
42.079 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10594826 |
21/08/2015 |
19,100,000.00 |
KOTAK MAHINDRA BANK LIMITED |
PATEL CHAMBERS, GROUND FLOOR, SANDHURST BRIDGE, OPERA HOUSE, MUMBAI -
400007, MAHARASHTRA, INDIA |
C66131699 |
|
2 |
10537219 |
30/03/2015 * |
648,354,000.00 |
KOTAK MAHINDRA BANK LIMITED |
103/104, 'A' WING, 1 FLOOR, FLORAL DECK PLAZA, MIDC CENTRAL ROAD,
ANDHERI (E), MUMBAI - 400093, MAHARASHTRA, INDIA |
C57089112 |
* Date
of charge modification
FIXED ASSETS
- Buildings
- Furniture and Fixtures
- Office Equipment
- Vehicles
- Plant and Machineries
- Computers
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 records 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.66.85 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.73.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
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 |
|
45 |
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.
S