MIRA INFORM REPORT
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Report No. : |
309109 |
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Report Date : |
21.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAKSHIT DRUGS PRIVATE LIMITED |
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Registered
Office : |
“Rakshi Drugs”, 4Plot No. 425/3RT, D. No. 7-1-621/328, Sanjeev Reddy Nagar,
Hyderabad – 500038, Telangana |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.03.2000 |
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Com. Reg. No.: |
01-034018 |
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Capital
Investment / Paid-up Capital : |
Rs. 7.483 Millions |
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|
|
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CIN No.: [Company Identification
No.] |
U24230TG2000PTC034018 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDR01138E |
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PAN No.: [Permanent Account No.] |
AABCR5942G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Integrated Active Pharmaceuticals Ingredients (API's)
and Intermediates. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 505000 |
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Status : |
Satisfactory |
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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 satisfactory track record. There seems some continuous dip in the profit of the company however, networth
of the company is satisfactory. General financial position of the company
seems to be normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
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Rating |
Long term rating: “BB” Stable |
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Rating Explanation |
Moderate risk of default. |
|
Date |
16.12.2014 |
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-40-23810385)
LOCATIONS
|
Registered Office : |
“Rakshi Drugs”, Plot No. 425/3RT, D. No. 7-1-621/328, Sanjeev Reddy Nagar,
Hyderabad – 500038, Telangana, India |
|
Tel. No.: |
91-40-23810385/ 23705066/ 55580748/ 23818158 |
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Fax No.: |
91-40-23812709/ 23801673 |
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E-Mail : |
srinivas@rakshitdrugspvtltd.com
rajeshjosh@rakshitdrugspvtltd.com
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Website : |
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Factory : |
Survey No. 10/B, Gaddapotharam Industrial Estate, Jinnaram
Mandal, Medak District, |
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Tel. No.: |
91-8548-277026 |
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Fax No.: |
91-8458-277094 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rameswara Rao Anjaneya Pattabhi Chandana |
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Designation : |
Managing Director |
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Address : |
Flat No. 302, Saraswati Apartments, B-53, Madhura Nagar, S.R Nagar,
Hyderabad – 500038, Telangana, India |
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Date of Birth/Age : |
01.01.1958 |
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Date of Appointment : |
24.03.2000 |
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DIN No.: |
00105304 |
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Other Directorship :
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Name : |
Aruna Kumari Chandana |
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Designation : |
Director |
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Address : |
Flat No. 302, Saraswati Apartments, B-53, Madhura Nagar, S.R Nagar,
Hyderabad – 500038, Telangana, India |
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Date of Birth/Age : |
01.07.1961 |
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Date of Appointment : |
22.11.2014 |
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DIN No.: |
00105360 |
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Other Directorship
:
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Name : |
Mr. Avinash Shoury Chandana |
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Designation : |
Director |
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Address : |
H.No.8-3-191/147/9 and 16/302, Madhura Nagar, Hyderabad – 500038,
Telangana, India |
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Date of Birth/Age : |
31.12.1987 |
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Date of Appointment : |
25.02.2007 |
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DIN No.: |
01470246 |
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Other
Directorship :
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Name : |
Mr. Srinivas Palem |
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Designation : |
Director |
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Address : |
No.11 to 16, 1st Floor, Plot Nos. 148 to 151 Saroja
Complex, Opposite KPHB Colony, Kukatpally, Hyderabad – 500072, Telangana,
India |
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Date of Birth/Age : |
29.05.1976 |
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Date of Appointment : |
07.07.2008 |
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DIN No.: |
01717688 |
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Other
Directorship :
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Name : |
Mr. Rajesh Kumar Joshi |
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Designation : |
Managing Director |
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Address : |
A/401, Suhavan Apartments, Judges Bungalow Road, Near H P Petrol Pump,
Bodakdev, Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
07.02.1967 |
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Date of Appointment : |
25.03.2014 |
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DIN No.: |
02385772 |
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Other
Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Rameswara Rao Anjaneya Pattabhi Chandana |
485403 |
64.87 |
|
Aruna Kumari Chandana |
137229 |
18.34 |
|
Avinash Shoury Chandana |
6720 |
0.90 |
|
Sree Bhavna |
6720 |
0.90 |
|
P. Srinivas |
37417 |
5.00 |
|
Rajesh Kumar Joshi |
74830 |
10.00 |
|
Total |
748319 |
100.00 |
As on 30.09.2014
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 : |
Manufacturer of Integrated Active Pharmaceuticals Ingredients (API's)
and Intermediates. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
Union Bank of India, SME Branch, 53/3RT,
Thagbha Terrain, Beside SR Nagar Police Station, SR Nagar, Hyderbad – 500038,
Andhra Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Amneal
Pharmaceuticals Company (India) Private Limited, 882/1-871, Vil. Rajoda, Near
Hotel Kankavati, Bavla – 382220, Gujarat, India |
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|
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|
Auditors : |
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|
Name : |
Ramanatham and Rao Chartered Accountants |
|
Address : |
P.B. No. 2102, Flat No. 302, Kala Mansion, Sarojini Devi Road,
Secunderabad – 500003, Andhra Pradesh, India |
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Tel. No.: |
91-40-27814147/ 27849305 |
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Fax No.: |
91-40-27840307 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor’s firm : |
AACFR1623C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Related Parties : |
· Rakshit Pharmaceuticals Limited · Azico Pharmaceuticals Private Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
748,319 |
Equity Shares |
Rs.10/- each |
Rs. 7.483 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 |
7.483 |
7.483 |
7.483 |
|
(b) Reserves & Surplus |
169.436 |
162.139 |
156.043 |
|
(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) |
176.919 |
169.622 |
163.526 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
44.336 |
30.436 |
37.680 |
|
(b) Deferred tax liabilities (Net) |
13.424 |
12.740 |
11.869 |
|
(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) |
57.760 |
43.176 |
49.549 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
131.185 |
129.240 |
107.331 |
|
(b) Trade
payables |
196.791 |
153.066 |
134.450 |
|
(c) Other
current liabilities |
14.940 |
13.584 |
13.769 |
|
(d) Short-term
provisions |
10.209 |
9.435 |
12.993 |
|
Total Current
Liabilities (4) |
353.125 |
305.325 |
268.543 |
|
|
|
|
|
|
TOTAL |
587.804 |
518.123 |
481.618 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
103.809 |
108.863 |
104.328 |
|
(ii)
Intangible Assets |
1.094 |
0.188 |
0.122 |
|
(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 |
34.912 |
34.912 |
34.912 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
14.647 |
15.074 |
23.741 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
154.462 |
159.037 |
163.103 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
129.696 |
62.208 |
67.729 |
|
(c) Trade
receivables |
236.232 |
251.620 |
186.588 |
|
(d) Cash
and cash equivalents |
17.136 |
15.168 |
16.174 |
|
(e)
Short-term loans and advances |
17.542 |
11.712 |
14.927 |
|
(f) Other
current assets |
32.736 |
18.378 |
33.097 |
|
Total Current
Assets |
433.342 |
359.086 |
318.515 |
|
|
|
|
|
|
TOTAL |
587.804 |
518.123 |
481.618 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
860.796 |
758.805 |
771.317 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
25.857 |
38.752 |
41.131 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
14.182 |
15.263 |
8.190 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
11.675 |
23.489 |
32.941 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
228.120 |
228.270 |
|
|
TOTAL EARNINGS |
99.619 |
228.120 |
228.270 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
58.319 |
84.352 |
|
|
|
Others (Including Capital Equipment) |
NA |
0.000 |
16.337 |
|
|
TOTAL IMPORTS |
NA |
58.319 |
100.689 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
15.60 |
31.39 |
44.02 |
|
|
|
Diluted
|
15.60 |
31.39 |
31.76 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.36 |
3.10 |
4.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.68 |
8.02 |
9.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.23 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.99 |
0.94 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.18 |
1.19 |
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 |
7.483 |
7.483 |
7.483 |
|
Reserves & Surplus |
156.043 |
162.139 |
169.436 |
|
Net
worth |
163.526 |
169.622 |
176.919 |
|
|
|
|
|
|
long-term borrowings |
37.680 |
30.436 |
44.336 |
|
Short term borrowings |
107.331 |
129.240 |
131.185 |
|
Total
borrowings |
145.011 |
159.676 |
175.521 |
|
Debt/Equity
ratio |
0.887 |
0.941 |
0.992 |
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 |
771.317 |
758.805 |
860.796 |
|
|
|
-1.622 |
13.441 |
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 |
771.317 |
758.805 |
860.796 |
|
Profit |
32.941 |
23.489 |
11.675 |
|
|
4.27% |
3.10% |
1.36% |
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10115305 |
24/07/2008 |
875,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
A42878181 |
|
2 |
10089028 |
04/09/2014 * |
181,025,000.00 |
UNION BANK OF INDIA |
SME BRANCH, 53/3RT,
THAGBHA TERRAIN, BESIDE SR NAGAR POLICE STATION, SR NAGAR, HYDERABAD,
TELANGANA |
C19510197 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Corporate Loans |
2.858 |
0.000 |
|
|
|
|
|
Loans from Related
Parties |
|
|
|
Directors and Shareholders |
26.475 |
7.684 |
|
Others |
2.797 |
2.497 |
|
Total |
32.130 |
10.181 |
CHANGE OF ADDRESS
The registered office of the company has been shifted from Flat No. 315, Bhanu Enclave, Beside ESI Hospital, Erragadda, Hyderabad – 500038, Andhra Pradesh, India to the present address w.e.f. 09.05.2007.
REVIEW OF OPERATIONS
During the year, the company has shown good results. This was possible because of the timely decisions taken by the Board of business promotion. The directors are making their continuous efforts to realize the market opportunities in order to improve the performance of the company in the coming years.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
|
|
|
|
Letter of Credit |
32.622 |
23.386 |
|
Bank Guarantee |
1.000 |
0.500 |
|
Total |
33.622 |
23.886 |
FIXED ASSETS
Tangible Assets
· Land
· Building
· Plant and Equipment
· Electrical Equipment
· Lab Equipments
· Fire Equipments
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computers
Intangible Assets
· Computer Software
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.62.26 |
|
|
1 |
Rs.96.01 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.