MIRA INFORM REPORT
|
Report No. : |
295933 |
|
Report Date : |
12.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROAQ CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
41/B-5, GIDC Estate, Behind Ashok Organics, Nandesari,
District Vadodara - 391340, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.11.1984 |
|
|
|
|
Com. Reg. No.: |
04-007420 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.670 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1984PTC007420 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Active Pharmaceutical Drugs Ingredients. |
|
|
|
|
No. of Employees
: |
19 (Approximately) (In Office: 4 + In Factory: 15) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 21000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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
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 PARTED BY
|
Name : |
Mr. Jaimin Patel |
|
Designation : |
Assistant to Managing Director |
|
Contact No.: |
91-9638381025 |
|
Date : |
03.01.2015 |
LOCATIONS
|
Registered Office / Factory : |
41/B-5, GIDC Estate, Behind Ashok Organics, Nandesari, District Vadodara - 391340, Gujarat, India, |
|
Tel. No.: |
91-265-2840283/ 2780181 |
|
Mobile No.: |
91-9638381025 (Mr. Jaimin Patel) 91-9227103654/ 9638381025 (Mr. Mukeshchandra Manubhai Patel) |
|
Fax No.: |
91-265-2780181 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 Sq. meter |
|
Location : |
Owned |
DIRECTORS
As on 22.09.2014
|
Name : |
Mr. Nayanaben Mukeshchandra Patel |
|
Designation : |
Director |
|
Address : |
8, Rohini Appartment, 5, Bhavanipur Society, Nizampura, Vadodara –
390002, Gujarat, India |
|
Date of Birth/Age : |
09.02.1955 |
|
Date of Appointment : |
02.06.2000 |
|
DIN No.: |
00016932 |
|
|
|
|
Name : |
Mr. Mukeshchandra Manubhai Patel |
|
Designation : |
Managing Director |
|
Address : |
8, Rohini Appartment, 5, Bhavanipur Society, Nizampura, Vadodara –
390002, Gujarat, India |
|
Date of Birth/Age : |
02.08.1961 |
|
Date of Appointment : |
13.11.1984 |
|
DIN No.: |
00016962 |
|
|
|
|
Name : |
Mr. Janak Manubhai Patel |
|
Designation : |
Director |
|
Address : |
18, Sardarnagar, Nizampura, Vadodara – 390002, Gujarat, India |
|
Date of Birth/Age : |
02.02.1957 |
|
Date of Appointment : |
02.06.2000 |
|
DIN No.: |
00016992 |
KEY EXECUTIVES
|
Name : |
Mr. jaimin Patel |
|
Designation : |
Assistant to Managing Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.09.2014
|
Names of Shareholders |
No. of Shares |
|
Jitendrabhai J. Patel |
1 |
|
Mukeshchandra M.Patel |
13144 |
|
Nayana M. Patel |
5826 |
|
Janak M. Patel |
115 |
|
Prafulbhai M. Patel |
630 |
|
Hariharbhai S. Patel |
967 |
|
Piyushbhai S. Patel |
967 |
|
Sumanbhai C. Patel |
966 |
|
Rajendra K. Patel |
600 |
|
Manubhai L. Patel Jt. Mukeshchandra M. Patel Jt. Janak M. Patel |
4180 |
As on 22.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
Holding |
|
Directors or relatives of Directors |
79.00 |
|
Others |
21.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Active Pharmaceutical Drugs Ingredients. |
||||||
|
|
|
||||||
|
Products : |
Sodium Valproate
Valproic Acid
Propranolol
Hydrochloride
|
||||||
|
|
|
||||||
|
Brand Names : |
-- |
||||||
|
|
|
||||||
|
Agencies Held : |
-- |
||||||
|
|
|
||||||
|
Exports : |
-- |
||||||
|
|
|
||||||
|
Imports : |
-- |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Credit (30 Days / 90 Days) |
||||||
|
|
|
||||||
|
Purchasing : |
Credit (30 Days / 90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
19 (Approximately) (In Office: 4 + In Factory: 15) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
NOTE Short-term
borrowings *The cash credit limits from State Bank of India are primarily secured by way of first charge on all present and future stock, book debts and other current assets of the company and collaterally secured by way of equitable mortgage of factory land and building and personal guarantee of directors. |
|
|
|
|
Auditors : |
|
|
Name : |
Contractor Nayak and Kishnadwala Chartered Accountants |
|
Address : |
C-201-202, Shree Siddhi Vinayak Complex, Faramji Road, Alkapuri,
Vadodara - 390005, Gujarat, India |
|
Tel. No.: |
91-265-2343463 |
|
Fax No.: |
91-265-2354353 |
|
E-Mail : |
|
|
PAN No. : |
AACFC8587E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 22.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36,700 |
Equity Shares |
Rs.100/- each |
Rs. 3.670
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 |
3.670 |
3.670 |
2.170 |
|
(b) Reserves & Surplus |
3.794 |
2.453 |
(0.099) |
|
(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) |
7.464 |
6.123 |
2.071 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
1.199 |
0.528 |
1.127 |
|
(b) Deferred tax liabilities (Net) |
0.425 |
0.422 |
0.487 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.404 |
0.352 |
0.000 |
|
Total Non-current
Liabilities (3) |
2.028 |
1.302 |
1.614 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
6.121 |
6.882 |
7.819 |
|
(b) Trade
payables |
8.163 |
8.864 |
8.316 |
|
(c) Other
current liabilities |
0.195 |
0.488 |
0.197 |
|
(d) Short-term
provisions |
0.184 |
0.036 |
0.009 |
|
Total Current
Liabilities (4) |
14.663 |
16.270 |
16.341 |
|
|
|
|
|
|
TOTAL |
24.155 |
23.695 |
20.026 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5.910 |
5.739 |
4.908 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.005 |
0.005 |
0.005 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.377 |
0.391 |
0.436 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
6.292 |
6.135 |
5.349 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5.219 |
6.869 |
5.822 |
|
(c) Trade receivables |
8.546 |
7.919 |
7.378 |
|
(d) Cash
and cash equivalents |
0.026 |
0.054 |
0.158 |
|
(e)
Short-term loans and advances |
4.072 |
2.718 |
1.319 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
17.863 |
17.560 |
14.677 |
|
|
|
|
|
|
TOTAL |
24.155 |
23.695 |
20.026 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
43.353 |
55.097 |
35.588 |
|
|
|
Other Income |
0.034 |
0.026 |
0.016 |
|
|
|
TOTAL (A) |
43.387 |
55.123 |
35.604 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
37.923 |
50.902 |
33.609 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
5.464 |
4.221 |
1.995 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.178 |
0.155 |
0.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
5.286 |
4.066 |
1.705 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.324 |
0.279 |
0.216 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
4.962 |
3.787 |
1.489 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
3.546 |
1.160 |
0.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I) (J) |
1.416 |
2.627 |
1.028 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.003 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
38.58 |
71.58 |
47.37 |
|
Expected Sales (2014-2015) : Rs. 70.000 Millions
The above information has been parted by Mr. Jaimin Patel (Assistant to Managing Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.27 |
4.77 |
2.89 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
12.60 |
7.66 |
5.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.55 |
15.99 |
7.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.66 |
0.62 |
0.72 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.98 |
1.21 |
4.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.08 |
0.90 |
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 |
2.170 |
3.670 |
3.670 |
|
Reserves & Surplus |
(0.099) |
2.453 |
3.794 |
|
Net
worth |
2.071 |
6.123 |
7.464 |
|
|
|
|
|
|
long-term borrowings |
1.127 |
0.528 |
1.199 |
|
Short term borrowings |
7.819 |
6.882 |
6.121 |
|
Total
borrowings |
8.946 |
7.410 |
7.320 |
|
Debt/Equity
ratio |
4.320 |
1.210 |
0.981 |
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 |
35.588 |
55.097 |
43.353 |
|
|
|
54.819 |
(21.315) |
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 |
35.588 |
55.097 |
43.353 |
|
Profit |
1.028 |
2.627 |
1.416 |
|
|
2.89% |
4.77% |
3.27% |
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
80023589 |
29/01/2007 * |
3,500,000.00 |
STATE BANK OF
INDIA |
NANDESARI
BRANCH,, NANDESARI, VADODARA, GUJARAT - 391340, INDIA |
- |
|
2 |
90094386 |
11/09/2007 * |
6,950,000.00 |
STATE BANK OF
INDIA |
NANDESARI
BRANCH,, NANDESARI, VADODARA, GUJARAT - 391340, INDIA |
A22453054 |
|
3 |
90096206 |
09/07/1994 * |
65,000.00 |
STATE BANK OF
INDIA |
NANDASARI
BRANCH, NANDASARI, BAROADA, GUJARAT, INDIA |
- |
* Date of charge modification
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Term Loans From Other
Parties From Bajaj Finance Limited |
1.199 |
0.000 |
|
Deposits From Directors relatives and shareholders (The above loans are repayable within a period of next 2
to 3 years) |
0.000 |
0.528 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
From Directors relatives and shareholders (The above loans are repayable within a period of 1 year) |
0.330 |
0.000 |
|
Total |
1.529 |
0.528 |
NATURE OF
OPERATIONS
The company has initiated its operation in the year 1984. The company is located at 41/B-5, GIDC Estate, Nandesari – 391340, District Vadodara. The company is in the business of manufacturing Active Pharmaceutical Drugs Ingredients.
REVIEW OF
OPERATIONS
During the period, the company earned total income of Rs. 43.387 Millions compared to Rs. 55.123 Millions in the previous year. the profit after tax arrived at Rs. 1.416 Millions as against profit of Rs. 2.627 Millions in the previous year. Due to stiff competition, the company was forced to reduce its selling price of the finished product. Moreover, due to prolong monsoon during the last year, the demand for the company’s product in pharma industry remained on a lower side. Resultantly, the total volumes and profitability affected in terms of previous year.
FINANCE
During the period, the company paid Rs. 0.178 Million towards financial cost compared to Rs. 0.155 Millions in the previous year and was comfortable in meeting its statutory liabilities. The company continued its banking with State Bank of India, Nandesari Branch, Vadodar.
FIXED ASSETS
· Land
· Factory Building
· Plant and Machinery
· Furniture and Fixtures
· Office Equipment’s
· Other Equipment’s
· Computers
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.62.40 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--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.