MIRA
INFORM REPORT
|
Report No. : |
307776 |
|
Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEDICA HOSPITALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
127 Mukundapur, E.M. Bypass, Kolkata – 700099, |
|
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
12.01.2007 |
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Com. Reg. No.: |
21-112554 |
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Capital Investment
/ Paid-up Capital : |
Rs. 530.692 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200WB2007PTC112554 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALM08583B |
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|
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PAN No.: [Permanent Account No.] |
AAFCM0338M |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in business of rendering medical and health care services. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 990000 |
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|
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of some accumulated losses incurred
by the company. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 =BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
06.06.2014 |
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Navin Joshi |
|
Contact No.: |
91-33-66520000 |
|
Date : |
14.02.2015 |
LOCATIONS
|
Registered Office : |
127 Mukundapur, E.M. Bypass, Kolkata – 700099, West Bengal, India |
|
Tel. No.: |
91-33-66520000 |
|
Fax No.: |
91-33-24264967 / 66520171 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 11.09.2014
|
Name : |
Mr. Aruna Nair |
|
Designation : |
Director |
|
Address : |
4B, D2, Isle Tower, HIl and Park, Kolkata – 700094, West Bengal, India
|
|
Date of Birth/Age : |
30.11.1960 |
|
Date of Appointment : |
12.01.2007 |
|
DIN No.: |
00715813 |
|
PAN No.: |
AAHPN9690G |
|
|
|
|
Name : |
Mr. Ayanabh Debgupta |
|
Designation : |
Director |
|
Address : |
Flat H1, Duplex, BL-G, Sherwood Estate, Kolkata – 700103, West Bengal,
India |
|
Date of Birth/Age : |
29.08.1977 |
|
Date of Appointment : |
24.06.2010 |
|
DIN No.: |
01496280 |
|
PAN No.: |
AEQPA3791L |
|
|
|
|
Name : |
Mr. Samrat Ganguly |
|
Designation : |
Director |
|
Address : |
111, 125th Street Nw Apartment 720, Washington DC 20037 |
|
Date of Birth/Age : |
16.03.1973 |
|
Date of Appointment : |
23.06.2011 |
|
DIN No.: |
01554590 |
|
|
|
|
Name : |
Mrs. Komal Dashora Dutta |
|
Designation : |
Director |
|
Address : |
UPL 070603, 205 – 2, Chawk Garia, Kolkata- 700094, West Bengal, India |
|
Date of Birth/Age : |
28.06.1976 |
|
Date of Appointment : |
28.09.2013 |
|
DIN No.: |
05202837 |
KEY EXECUTIVES
|
Name : |
Mr. Ankit Jain |
|
Designation : |
Secretary |
|
Address : |
11/4, Rishi9 Bankim CHA NDRA Road, Rishra, Hooghly – 712248, West
Bengal, India |
|
Date of Birth/Age : |
13.06.1986 |
|
Date of Appointment : |
30.06.2009 |
|
PAN No.: |
AIBPJ8179L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 11.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Medica Synergie Private Limited, India |
|
53069128 |
|
Medica Synergie Private Limited, India (Dr. Alok Roy (Beneficiary Holder on behalf of MSPL) |
|
100 |
|
Total |
|
53069228 |
AS ON 11.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of rendering medical and
health care services. |
|
|
|
|
Brand Names : |
"MEDICA SUPERSPECIALTY HOSPITAL". |
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|
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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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Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· State Bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi - 110001, India · Axis Bank Limited ·
State Bank of Travankore ·
Yes Bank Limited |
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Facilities : |
(Rs.
In Millions)
|
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|
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Banking
Relations : |
--- |
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Auditors : |
|
|
Name : |
B S S R and Company Chartered Accountants |
|
Address : |
Building No.10, 8th Floor, Tower-B, DLF Cyber City,
Phase -II, Gurgaon – 122002, Haryana, India |
|
PAN No.: |
AAIFB4734C |
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|
|
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Holding Company : |
Medica Synergie Private Limited |
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Enterprises having
significant influence over the Company : |
· IDBI Trusteeship Services Limited (India Advantage Fund -V) ·
I-VEN Medicare India Private Limited |
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Enterprises over
which key management personnel have significant influence |
Eastern India Healthcare Foundation |
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|
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Fellow subsidiaries |
· Medica Pharmacy Private Limited · North Bengal Clinic Private Limited |
|
|
|
|
Jointly controlled
operations |
· Maa Lalita Medica Superspecialty Hospital and Research Centre · R.C. Agarwal Memorial Hospital & Research Centre · Kantilal Gandhi Memorial Hospital |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60,000,000 |
Equity Shares |
Rs.10/- each |
Rs.600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
53,069,228 |
Equity Shares |
Rs.10/- each |
Rs.530.692 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
530.692 |
439.792 |
380.700 |
|
(b) Reserves & Surplus |
(184.852) |
(265.737) |
(134.301) |
|
(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) |
345.840 |
174.055 |
246.399 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
144.236 |
271.591 |
327.358 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
12.874 |
11.346 |
8.497 |
|
(d) long-term provisions |
14.478 |
10.444 |
4.644 |
|
Total Non-current Liabilities (3) |
171.588 |
293.381 |
340.499 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
151.771 |
60.141 |
33.169 |
|
(b) Trade payables |
366.642 |
303.922 |
136.266 |
|
(c) Other current
liabilities |
290.456 |
259.959 |
314.841 |
|
(d) Short-term provisions |
1.744 |
1.181 |
0.457 |
|
Total Current Liabilities (4) |
810.613 |
625.203 |
484.733 |
|
|
|
|
|
|
TOTAL |
1328.041 |
1092.639 |
1071.631 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
860.940 |
823.819 |
800.108 |
|
(ii) Intangible Assets |
4.312 |
6.096 |
8.037 |
|
(iii) Capital
work-in-progress |
100.317 |
4.652 |
27.025 |
|
(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 |
172.421 |
90.753 |
89.042 |
|
(e) Other Non-current assets |
2.014 |
0.811 |
7.336 |
|
Total Non-Current Assets |
1140.004 |
926.131 |
931.548 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
35.282 |
31.398 |
22.963 |
|
(c) Trade receivables |
113.116 |
82.109 |
75.682 |
|
(d) Cash and cash
equivalents |
12.951 |
16.649 |
20.279 |
|
(e) Short-term loans and
advances |
13.805 |
26.971 |
2.833 |
|
(f) Other current assets |
12.883 |
9.381 |
18.326 |
|
Total Current Assets |
188.037 |
166.508 |
140.083 |
|
|
|
|
|
|
TOTAL |
1328.041 |
1092.639 |
1071.631 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
1691.325 |
1178.278 |
746.641 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
101.242 |
(80.258) |
(33.240) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
64.477 |
69.490 |
86.732 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
36.765 |
(149.748) |
(119.972) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
113.398 |
99.872 |
87.544 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(76.633) |
(249.620) |
(207.516) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
Less |
Exceptional
Items |
24.283 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(100.916) |
(249.620) |
(207.516) |
|
|
|
|
|
|
|
|
|
|
IMPORT |
3.705 |
0.628 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.90) |
(6.53) |
(7.23) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
(5.97) |
(21.19) |
(27.79) |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
5.99 |
(6.81) |
(4.45) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.24) |
(22.94) |
(19.87) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.22) |
(1.43) |
(0.84) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.86 |
1.91 |
1.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.23 |
0.27 |
0.29 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
380.700 |
439.792 |
530.692 |
|
Reserves & Surplus |
(134.301) |
(265.737) |
(184.852) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
246.399 |
174.055 |
345.840 |
|
|
|
|
|
|
long-term borrowings |
327.358 |
271.591 |
144.236 |
|
Short term borrowings |
33.169 |
60.141 |
151.771 |
|
Total borrowings |
360.527 |
331.732 |
296.007 |
|
Debt/Equity ratio |
1.463 |
1.906 |
0.856 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
746.641 |
1178.278 |
1691.325 |
|
|
|
57.811 |
43.542 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
746.641 |
1178.278 |
1691.325 |
|
Profit/Loss |
(207.516) |
(249.620) |
(100.916) |
|
|
(27.79%) |
(21.19%) |
(5.97%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
NOTE:
The registered office of the company has been shifted from
Premises No 1138, Block C, 163, Survey Park, P.S. East Jadavpur, Kolkata –
700075, West Bengal, India to present address w.e.f. 01.10.2009
BACKGROUND:
The company was incorporated on 12 January 2007 as private limited company under Companies Act, 1956. The said hospital has been set up on land taken on "Build Operate Transfer" (BOT) basis from Eastern India Healthcare Foundation ('trust') for a period of 30 years, which may be renewed with mutual consent on the terms acceptable to both the parties. The Company is primarily engaged in business of rendering medical and health care services. The Company operates under the brand name "Medica Superspecialty Hospital".
BUSINESS PERFORMANCE:
During the year, the company had a turnover of Rs 1691.300 Millions, an increase of almost 44% as compared to last year. For the first time the company had a positive EBIDTA. The flagship hospital of the company- Medica Superspecialty Hospital has emerged as one of the leaders in the Hospital Industry in Eastern India within 4 years of its operation. The Company has successfully treated over 15500 In-Patients and over 169000 Out-patients during the year. In view of the several marketing and brand building initiatives undertaken, the footfall at the hospital is expected to improve further during the current year. Also in view of several steps being taken by the company to reduce cost and enhance revenue, the margins are likely to improve significantly during the year.
Kantilal Gandhi Memorial Hospital, Jamshedpur, under operation and management of the company, underwent a major up gradation during the year. Many new specialties were introduced, state of the art equipments were installed and the capacity was ramped upto 140 beds.
The company has also entered into a lease agreement with Bhagwan Mahavir Hospital and Research Centre at Ranchi for setting up a 260 bedded Superspecialty hospital. The same has commenced operation in June-14 in a phased manner and has received good response. It is soon expected to be recognized as one of the preferred healthcare destination in Ranchi and nearby areas.
The company has also entered into agreements with Tata Steel Ltd for setting up two hospitals in Odisha.
During the year, the Company’s operation at Maa Lalita Hospital and Research Centre Private Limited, Deogarh was suspended and recommencement of such operation is doubtful. The Company has taken necessary legal steps to recover its losses.
The Company had also during the year entered into a Memorandum of Understanding with Paritran Trust, Deogarh to complete its semi-constructed Medical College and Hospital and operate it thereafter. Subsequently, a dispute arose between the Trust and the Company. The Company has taken necessary legal steps to recover its losses on account of advances made to the Trust.
The work on the company’s land at Asansol for building a secondary care hospital is likely to commence in the current year.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long-term
borrowings |
|
|
|
Deposits |
0.000 |
32.725 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
114.643 |
10.200 |
|
Total |
114.643 |
42.925 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10522139 |
09/10/2014 * |
950,000,000.00 |
YES BANK LIMITED |
56A , HEMANTA BASU SARANI, KOLKATA, WEST BENGAL - |
C31982218 |
|
2 |
10516517 |
31/07/2014 |
3,187,500.00 |
INDIA INFOLINE FINANCE LIMITED |
12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCK,, |
C17791112 |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other equipments
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.62.20 |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.