MIRA INFORM REPORT
|
Report No. : |
301613 |
|
Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
FRESENIUS KABI INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
FRESENIUS MAFATLAL MEDICALS LIMITED |
|
|
|
|
Registered
Office : |
A-3, MIDC, Ranjangaon Ganpati, Taluka Shirur, Ranjangaon, District
Pune – 412220, Maharashtra |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
02.02.1995 |
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Com. Reg. No.: |
25-014017 |
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Capital
Investment / Paid-up Capital : |
Rs.1533.834 Millions |
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|
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CIN No.: [Company Identification
No.] |
U24231PN1995PTC014017 |
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|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEF00178D |
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PAN No.: [Permanent Account No.] |
AAACF2614E |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Subject is engaged primarily in production of intravenous fluids and trading of intravenous fluids, medical devices and oncology drugs. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is a 100% subsidiary of Fresenius Kabi AG Germany. It is an established company having moderate track record. The company has incurred a loss from its operations during 2014. However, trade relation are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 |
FITCH |
|
Rating |
Long term issues rating = IND BBB - |
|
Rating Explanation |
Have Moderate degree of safety and carry moderate credit risk. |
|
Date |
September 17, 2013 |
|
Rating Agency Name |
FITCH |
|
Rating |
Non fund based working capital limit = IND A3 |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
September 17, 2013 |
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-Cooperative (91-022-26171047)
LOCATIONS
|
Registered Office / Factory1: |
A-3, MIDC, Ranjangaon Ganpati, Taluka Shirur, Ranjangaon, District
Pune – 412220, Maharashtra, India |
|
Tel. No.: |
91-22-26171047 |
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Fax No.: |
91-20-26634710 |
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E-Mail : |
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Website : |
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Corporate Office : |
5th Floor, A-wing, Ashoka Plaza, Pune-Nagar Road, Survey
No. 32/2, Vadgaon Sheri, Viman Nagar, Pune – 411014, Maharashtra, India |
|
Tel. No.: |
91-20-26634701 to 707 |
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Fax No.: |
91-20-26634710 |
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E-Mail : |
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Factory 2: |
Also Located At:
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Branches : |
Located At :
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DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Kaushal Devendra Gupta |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. Cello / 404, Nayati Windchimes, Sr No. 22//3/1, Undri, Pune –
411028, Maharashtra, India |
|
Date of Birth/Age : |
20.12.1975 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
03267300 |
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|
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Name : |
Mr. Satish Bapusaheb Kulkarni |
|
Designation : |
Director |
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Address : |
308, Espace Nirvana Country, Sector 50, Gurgaon - 122003, Haryana,
India |
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Date of Birth/Age : |
03.12.1965 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
00309263 |
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|
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Name : |
Mr. Sanjay Kumar Gupta |
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Designation : |
Whole-time director |
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Address : |
202, Auriga, Zicron Apartment, Viman Nagar, Pune – 411014,
Maharashtra, India |
|
Date of Birth/Age : |
21.05.1964 |
|
Qualification : |
B.Sc., FCA, CPA, CIA |
|
Experience : |
24 Years |
|
Date of Appointment : |
10.07.2009 |
|
PAN No.: |
AAHPG4706C |
|
DIN No.: |
02295921 |
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|
Name : |
Mr. Christoph Wilhelm Funke |
|
Designation : |
Director |
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Address : |
Buchenstrasse 8 Emmeln Haren EMS Germany 49733 |
|
Date of Birth/Age : |
06.03.1968 |
|
Date of Appointment : |
28.09.2012 |
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DIN No.: |
05258462 |
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|
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|
Name : |
Mr. Subrroto Banerjee |
|
Designation : |
Managing director |
|
Address : |
Row House, 49 Konark Pooram, Kondhwa KD, Pune – 411048, Maharashtra,
India |
|
Date of Birth/Age : |
11.11.1958 |
|
Date of Appointment : |
01.08.2012 |
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DIN No.: |
05345071 |
KEY EXECUTIVES
|
Name : |
Mr. Amol Laxman Kulkarni |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. D9, Sakhai Plaza, S.No.87/15B, Pune – 411038, Maharashtra,
India |
|
Date of Birth/Age : |
06.10.1979 |
|
Date of Appointment : |
26.08.2009 |
|
PAN No.: |
AQCPK8468Q |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Fresenius Kabi AG, Germany |
162018287 |
97.30 |
|
Fresenius Kabi Deutschland Gmbh, Germany |
4500010 |
2.70 |
|
Total |
166518297 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged primarily in production of intravenous
fluids and trading of intravenous fluids, medical devices and oncology drugs. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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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 : |
BSR and Associates Chartered Accountants |
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Address : |
701-703, 7th Floor, Godrej Castlemaine. Next to Ruby Hall Clinic, Bund Garden Road, Pune- 411001, Maharashtra, India |
|
Tel. No.: |
91-20-30585764/ 30585765 |
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Fax No.: |
91-20-30585775 |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
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Ultimate Holding Company: |
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Fellow Subsidiary
company : |
· Fresenius Kabi Austria Gmbh, Austria · Fresenius Kabi Asia Pacific Limited, Hong Kong · Fresenius Kabi Deutschland GmBH, Germany · Fresenius Kabi Oncology Limited [L24231DL2003PLC119441], India · Fresenius Netcare GmbH, Germany ·
Fresenius Kabi AB Sweden, Sweden · Hygieneplan Gmbh, Germany · Fenwal India Private Limited, India |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/-each |
Rs.2000.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
166518297 |
Equity Shares |
Rs.10/-each |
Rs.1665.182
Millions |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/-each |
Rs.2000.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
153383446 |
Equity Shares |
Rs.10/-each |
Rs.1533.834
Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
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I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
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|
(a) Share Capital |
1533.834 |
636.286 |
636.286 |
|
(b) Reserves &
Surplus |
329.987 |
(162.528) |
30.132 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
350.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
1863.821 |
823.758 |
666.418 |
|
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2029.201 |
463.304 |
109.602 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
18.800 |
6.300 |
6.300 |
|
(d) long-term provisions |
62.809 |
49.873 |
51.476 |
|
Total Non-current
Liabilities (3) |
2110.810 |
519.477 |
167.378 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
279.397 |
276.978 |
299.834 |
|
(b) Trade payables |
1209.992 |
674.960 |
684.016 |
|
(c) Other current
liabilities |
314.348 |
186.696 |
76.077 |
|
(d) Short-term provisions |
9.606 |
8.599 |
18.825 |
|
Total Current Liabilities
(4) |
1813.343 |
1147.233 |
1078.752 |
|
|
|
|
|
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TOTAL |
5787.974 |
2490.468 |
1912.548 |
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1858.449 |
641.806 |
641.798 |
|
(ii) Intangible Assets |
665.097 |
8.068 |
4.436 |
|
(iii) Capital
work-in-progress |
1101.671 |
52.341 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
132.274 |
275.921 |
61.061 |
|
(e) Other Non-current
assets |
17.116 |
14.564 |
8.456 |
|
Total Non-Current Assets |
3774.607 |
992.700 |
715.751 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1062.121 |
780.706 |
641.269 |
|
(c) Trade receivables |
840.381 |
608.057 |
461.766 |
|
(d) Cash and cash
equivalents |
21.740 |
27.945 |
15.513 |
|
(e) Short-term loans and
advances |
83.296 |
81.025 |
78.249 |
|
(f) Other current assets |
5.829 |
0.035 |
0.000 |
|
Total Current Assets |
2013.367 |
1497.768 |
1196.797 |
|
|
|
|
|
|
TOTAL |
5787.974 |
2490.468 |
1912.548 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
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TOTAL INCOME |
4725.947 |
3430.427 |
2691.107 |
|
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EXPENSES |
NA |
NA |
NA |
|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
(150.086) |
(56.219) |
(6.711) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
228.633 |
36.324 |
23.698 |
|
|
|
|
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|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(378.719) |
(92.543) |
(30.409) |
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
281.218 |
100.118 |
47.280 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
(659.937) |
(192.661) |
(77.689) |
|
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|
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|
Less |
TAX (I) |
0.000 |
0.000 |
0.000 |
|
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|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
(659.937) |
(192.661) |
(77.689) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(4.30) |
(1.26) |
(0.51) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Total Income |
(%) |
(13.96) |
(5.62) |
(2.89) |
|
|
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|
|
|
Operating Profit Margin (PBDIT/Total Income) |
(%) |
(3.17)
|
(1.63) |
(0.24) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.08) |
(7.90) |
(4.06) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.35) |
(0.23) |
(0.12) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.24 |
0.90 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.31 |
1.11 |
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 |
636.286 |
636.286 |
1533.834 |
|
Reserves & Surplus |
30.132 |
(162.528) |
329.987 |
|
Net worth |
666.418 |
473.758 |
1863.821 |
|
|
|
|
|
|
long-term borrowings |
109.602 |
463.304 |
2029.201 |
|
Short term borrowings |
299.834 |
276.978 |
279.397 |
|
Total borrowings |
409.436 |
740.282 |
2308.598 |
|
Debt/Equity ratio |
0.614 |
1.563 |
1.239 |
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) |
|
Total Revenue |
2691.107 |
3430.427 |
4725.947 |
|
|
|
27.473 |
37.766 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Revenue |
2691.107 |
3430.427 |
4725.947 |
|
Profit |
(77.689) |
(192.661) |
(659.937) |
|
|
(2.89%) |
(5.62%) |
(13.96%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current
maturities of long-term debt |
5.936 |
88.777 |
3.934 |
|
|
|
|
|
|
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 |
Yes |
|
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 |
LITIGATION
DETAILS:
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay |
|||||||
|
Lodging No. : |
SL/937/2012 |
Failing Date:- |
09.04.2012 |
Reg. No.:- |
Reg. Date:- |
||
|
Petitioner:- |
ROYAL SUNDARAM ALLIANCE AINSURANCE |
Respondent:- |
FRESENIUS KABI PRAIVATE LIMITED |
||||
|
Petn.Adv:- |
A.S VIDYARTHI (0) |
Resp. Adv.: |
|
||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
SINGLE |
Category:- |
CIVIL SUITS |
||||
|
Status:- |
TRANSFERRED |
Stage:- |
TRANSFERRED TO CITYCIVIL COURT, BOMBAY |
||||
|
Last Date:- |
01.02.2013 |
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Last Coram:- |
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Act. : |
CODE OF CIVIL PROCEDURE |
Under Section 1908 |
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BACKGROUND
Fresenius AG had established its business operations in India through a joint venture namely Fresenius Mafatlal Medicals Limited (FMML). In 1998, Fresenius Kabi AG acquired 100% equity interest in this joint venture and accordingly it was renamed as Fresenius Kabi India Private Limited (the Company).
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90086897 |
26/07/2004 |
17,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, WAKDEWADI, PUNE, Maharashtra - 411003, INDIA |
- |
|
2 |
80062948 |
09/05/1997 |
27,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, WAKDEWADI, PUNE, Maharashtra - 411003, INDIA |
- |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Term loans from banks |
925.000 |
0.000 |
|
Deferred payment liabilities |
17.029 |
22.841 |
|
Loans and Advances from related parties |
1087.172 |
440.463 |
|
SHORT TERM
BORROWINGS |
|
|
|
Unsecured Borrowing |
273.876 |
268.843 |
|
|
|
|
|
Total |
2303.077 |
732.147 |
FIXED ASSETS
·
Land
·
Buildings
·
Other building
·
Plant and equipment
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
· Motor vehicles
·
Office equipment
·
Other Equipments
·
Leasehold improvements
·
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.63.29 |
|
|
1 |
Rs.96.85 |
|
Euro |
1 |
Rs.75.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
32 |
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.