MIRA INFORM REPORT
|
Report No. : |
309189 |
|
Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
GEA PHARMA SYSTEMS (INDIA) PRIVATE LIMITED (w.e.f. 07.07.2009) |
|
|
|
|
Formerly Known
As : |
ACO-ENGINEERING ( |
|
|
|
|
Registered
Office : |
Block No.8, Phase B, Village Dumad, Savil Road, Vadodara – 391740,
Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.04.2007 |
|
|
|
|
Com. Reg. No.: |
04-050513 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.47.079
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29249GJ2007FTC050513 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDA02606C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA2753F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Pharma
Industrial Equipments. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
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 is an established company having moderate track record. The management has failed to file its financial record with government
department for the year 2014. As per available financial of 2013, the rating is constrained on
account on company’s moderate financial risk profile and losses that company
has incurred from its operational activities over a year. However, trade relations are fair. Business is active. Payments are
reported to be slow. The company can be considered for business dealing 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.
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) 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 DENIED
Management non corporative (91-265-3040450)
LOCATIONS
|
Registered Office / Factory : |
Block No.8, Phase B, Village Dumad, Savil Road, Vadodara – 391740,
Gujarat, India |
|
Tel. No.: |
91-265-3074272/ 3074202/ 3074203 / 3074206 |
|
Fax No.: |
91-265-3074255 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON: 12.09.2013
|
Name : |
Mr. Kashyap Upadhyay |
|
Designation : |
Director |
|
Address : |
H-57, Adarsh Duplex, ITI Crossing, Gorwa, Vadodara – 390016, Gujarat,
India |
|
Date of Birth/Age : |
20.06.1966 |
|
Date of Appointment : |
20.09.2007 |
|
DIN No.: |
01472012 |
|
|
|
|
Name : |
Mr. Raman Manmohan Madhok |
|
Designation : |
Whole-time director |
|
Address : |
1-D, Villa Alto – Monte, Main Street, Nagali Hills Colony, Donapaula,
Goa – 403004, India |
|
Date of Birth/Age : |
02.02.1945 |
|
Date of Appointment : |
28.12.2009 |
|
DIN No.: |
01798377 |
|
|
|
|
Name : |
Mr. Ronald Anthony Youngs |
|
Designation : |
Director |
|
Address : |
Scarlet Oakes, Ridgway, Pyrford, |
|
Date of Birth/Age : |
08.02.1952 |
|
Date of Appointment : |
28.12.2009 |
|
DIN No.: |
02886912 |
|
|
|
|
Name : |
Mr. Anthony Edgar Butler |
|
Designation : |
Director |
|
Address : |
19, |
|
Date of Birth/Age : |
08.05.1953 |
|
Date of Appointment : |
28.12.2009 |
|
DIN No.: |
02886882 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 12.09.2013
|
Names of Shareholders |
No. of Shares |
|
Ninad Sharad Raje |
1 |
|
GEA Process Engineering ( |
4707944 |
|
TOTAL
|
4707945 |
Equity Share Break up (Percentage of Total Equity)
As on: 12.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
99.99 |
|
Others |
|
0.01 |
|
|
|
|
|
Total
|
|
100.00 |
%20PRIVATE%20LIMITED%20-%20309189_MIRA%2024-Feb-2015_files/image014.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Pharma
Industrial Equipments. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
Not Available |
PRODUCTION STATUS (AS ON 31.03.2011)
Installed Capacity
The information pertaining to Installed Capacity is not relevant as the items
produced by the Company are of a highly dissimilar nature.
|
Particulars |
Production |
|
Bulk Milk Cooler (BMC) |
5 |
|
Fluid Bed Dryer (FBD) |
380 |
|
Pharma Connect (PMA) |
160 |
|
Vibro Fluidizer (VF) |
0 |
|
Ducting |
31 |
|
Material Handling |
33 |
|
Others |
94 |
|
|
703 |
GENERAL INFORMATION
|
Supplier : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Royal Bank of Scotland N.V, 7 Alkapuri, R C Dutt Road, Baroda - 390007, Gujarat, India Tel No.:- 91-265-2355900 / 2356000 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Keyur Patel and Company Chartered Accountants |
|
Address : |
SF - 14, Hiravanti Chambers, Opposite Aaryakanya Vidhyalaya,
Karelibaug, Vadodara-390018, Gujarat, India |
|
Tel. No.: |
91-265-2491010 |
|
E-Mail : |
|
|
PAN No.: |
AKVPP0199E |
|
|
|
|
Holding Company : |
GEA Process Engineering (India) Private Limited CIN No:- U74999MH1992PTC065230 |
|
|
|
|
Associates : |
·
GEA ·
GEA Ecoflex India Private Limited ·
GEA Niro-GEA Process Engg A/S ·
GEA Pharma Systems Limited ·
GEA Pharma Systems NV ·
GEA Process Engg (NPS) Limited ·
GEA Tuchenhagen GmbH ·
WestfaliaSurge Deutschland GmbH ·
WestfaliaSurge Japy SAS ·
GEA Pharma Systems AG ·
GEA IT-Services GmbH ·
GEA Process Engineering Pte Limited |
CAPITAL STRUCTURE
As on 12.09.2013
Authorised Capital : Rs.
135.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 135.000 Millions
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5110000 |
Equity Shares |
Rs.10/- each |
Rs. 51.100 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4707945 |
Equity Shares |
Rs.10/- each |
Rs. 47.079
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
47.079 |
47.079 |
47.079 |
|
(b) Reserves & Surplus |
57.532 |
130.413 |
145.600 |
|
(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) |
104.611 |
177.492 |
192.679 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
17.328 |
17.040 |
7.764 |
|
Total Non-current
Liabilities (3) |
17.328 |
17.040 |
7.764 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
318.092 |
247.339 |
135.139 |
|
(b) Trade payables |
219.361 |
150.545 |
95.899 |
|
(c) Other current
liabilities |
149.998 |
115.394 |
115.325 |
|
(d) Short-term
provisions |
14.929 |
14.183 |
10.300 |
|
Total Current
Liabilities (4) |
702.380 |
527.461 |
356.663 |
|
|
|
|
|
|
TOTAL |
824.319 |
721.993 |
557.106 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
295.676 |
308.711 |
305.578 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
14.433 |
0.957 |
0.446 |
|
(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) |
7.535 |
7.811 |
14.651 |
|
(d) Long-term Loan and Advances |
21.810 |
24.156 |
18.460 |
|
(e) Other
Non-current assets |
74.063 |
95.743 |
56.077 |
|
Total Non-Current
Assets |
413.517 |
437.378 |
395.212 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
89.957 |
127.609 |
95.370 |
|
(c) Trade receivables |
297.054 |
135.801 |
53.568 |
|
(d) Cash and cash
equivalents |
10.766 |
12.813 |
8.793 |
|
(e) Short-term loans
and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current
assets |
13.025 |
8.392 |
4.163 |
|
Total Current Assets |
410.802 |
284.615 |
161.894 |
|
|
|
|
|
|
TOTAL |
824.319 |
721.993 |
557.106 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
651.138 |
418.727 |
266.755 |
|
|
|
Other Income |
32.032 |
13.776 |
4.934 |
|
|
|
TOTAL (A) |
683.170 |
432.503 |
271.689 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
328.895 |
|
|
|
|
|
Purchases of Stock-in-Trade |
14.605 |
0.000 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(18.645) |
0.357 |
296.328 |
|
|
|
Employees benefits expense |
109.255 |
98.025 |
|
|
|
|
Other expenses |
264.285 |
149.841 |
|
|
|
|
TOTAL (B) |
698.395 |
403.467 |
296.328 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(15.225) |
29.036 |
(24.639) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
42.232 |
23.066 |
12.647 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(57.457) |
5.970 |
(37.286) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
15.147 |
14.317 |
13.048 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS BEFORE
TAX (E-F) (G) |
(72.604) |
(8.347) |
(50.334) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.276 |
6.840 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX (G-H) (I) |
(72.880) |
(15.187) |
(50.334) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(101.855) |
(86.668) |
(36.334) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(174.735) |
(101.855) |
(86.668) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
342.974 |
179.599 |
96.404 |
|
|
|
Sales Commission |
4.730 |
7.749 |
4.250 |
|
|
|
Income from Site Services |
7.514 |
0.597 |
1.829 |
|
|
TOTAL EARNINGS |
355.218 |
187.945 |
102.483 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
119.687 |
79.199 |
65.578 |
|
|
|
Capital Goods |
0.062 |
2.237 |
3.343 |
|
|
TOTAL IMPORTS |
119.749 |
81.436 |
68.921 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
(15.48) |
(3.23) |
(10.69) |
|
%20PRIVATE%20LIMITED%20-%20309189_MIRA%2024-Feb-2015_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin |
(%) |
(11.19) |
(3.63) |
(18.87) |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
(2.34) |
6.93 |
(9.24) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(9.05) |
(1.17) |
(9.29) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.69) |
(0.05) |
(0.26) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.04 |
1.39 |
0.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.58 |
0.54 |
0.45 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
47.079 |
47.079 |
47.079 |
|
Reserves & Surplus |
145.600 |
130.413 |
57.532 |
|
Net worth |
192.679 |
177.492 |
104.611 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
135.139 |
247.339 |
318.092 |
|
Total borrowings |
135.139 |
247.339 |
318.092 |
|
Debt/Equity ratio |
0.701 |
1.394 |
3.041 |
%20PRIVATE%20LIMITED%20-%20309189_MIRA%2024-Feb-2015_files/image016.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
266.755 |
418.727 |
651.138 |
|
|
|
56.971 |
55.504 |
%20PRIVATE%20LIMITED%20-%20309189_MIRA%2024-Feb-2015_files/image018.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
266.755 |
418.727 |
651.138 |
|
Profit/Loss |
(50.334) |
(15.187) |
(72.880) |
|
|
(18.87%) |
(3.63%) |
(11.19%) |
%20PRIVATE%20LIMITED%20-%20309189_MIRA%2024-Feb-2015_files/image020.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
NA |
NA |
0.000
|
|
|
|
|
|
|
Total |
NA |
NA |
0.000
|
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
No |
|
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 |
No |
UNSECURED LOAN
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
|
(Rs. In Millions) |
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and Advances from related parties |
228.499 |
183.498 |
|
Total |
228.499 |
183.498 |
OPERATIONS
The gross sales and other income for the financial
year were Rs. 683.171 Millions as against Rs. 432.500 Million for the previous
year registering an increase of 1.58 times. The loss before depreciation and
tax stood at Rs. 57.460 Million against loss of Rs. 5.970 Million recorded in
previous year. The net Loss stood at Rs. 72.880 Million (Rs. 15.190 Million
previous year).
INDEX OF CHARGES:
No Charges Exist for Company
FIXED ASSETS
·
Factory Building
·
Plant and Machinery
·
Air Conditioners
·
Computer and Peripherals
·
Electrical Fittings
·
Furniture and Fixture
·
Office Equipments
·
Other Equipments
·
Software and Licenses
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 judgment 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.62.18 |
|
|
1 |
Rs.95.72 |
|
Euro |
1 |
Rs.70.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--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 |
|
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.