MIRA INFORM REPORT
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Report No. : |
298088 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRACHI PHARMACEUTICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8-Ebrahim Rahimtoola Rdprincess Bldg, Near J.J. Hospital, Mumbai -
400003, Maharashtra |
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Country : |
India |
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|
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Financials (as
on) : |
31.03.2013 |
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|
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Date of
Incorporation : |
13.07.1987 |
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Com. Reg. No.: |
11-044050 |
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Capital
Investment / Paid-up Capital : |
Rs. 20.000 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U24230MH1987PTC044050 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP19918D |
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|
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PAN No.: [Permanent Account No.] |
AAACP7440A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of active Pharmaceutical Ingredients, Iodine Compounds
Veterinary Products and Specialty Chemicals. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 92000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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 |
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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 |
|
Off-credit |
D |
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 PARTED BY
|
Name : |
Mr. Pankaj Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9323420671 |
|
Date : |
08.01.2015 |
LOCATIONS
|
Registered Office : |
8-Ebrahim Rahimtoola Rdprincess Bldg, Near J.J. Hospital, Mumbai -
400003, Maharashtra, India |
|
Tel. No.: |
91-22-24131362 |
|
Mobile No.: |
91-9323420671 (Mr. Pankaj Shah) |
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Fax No.: |
91-22-23778597/24130877 |
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E-Mail : |
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Website : |
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Area : |
250 Sq. Ft. |
|
Location : |
Owned |
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Corporate Office
: |
11/1, Rakhangi Mahal, Acharya Donde Marg, Opposite Wadia Children
Hospital, Parel, Mumbai - 400 012, Maharashtra, India |
|
Tel. No.: |
91-22-24165274 |
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Fax No.: |
91-22-24130877 |
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E-Mail : |
|
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Area : |
Owned |
|
Location : |
300 Sq. Ft. |
|
|
|
|
Factory : |
E-108, MIDC, Tarapur, Boisar – 401 502, District Thane, Maharashtra,
India |
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Tel No. : |
91-252-270920 |
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Area : |
Owned |
|
Location : |
1 acre |
DIRECTORS
As on 31.03.2013
|
Name : |
Mr. Pankaj Talakshi Shah |
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Designation : |
Director |
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Address : |
B / 201, Sorento Co-operative Housing Society, Shanti Park, Ghatkopar
[East], Mumbai – 400077, Maharashtra, India |
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Date of Birth/Age : |
16.06.1956 |
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Qualification : |
Bsc., B. Tech (Pharmaceutical) |
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Date of Appointment : |
13.07.1987 |
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DIN No.: |
01089539 |
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Other Directorship :
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|||||||||||||||||||||||||||
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Name : |
Mr. Chintan Pankaj Shah |
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Designation : |
Director |
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|
Address : |
B / 201, Sorento Co-operative Housing Society, Shanti Park, Ghatkopar
[East], Mumbai – 400077, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Appointment : |
10.03.2008 |
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DIN No.: |
02053745 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2013
|
Names of Shareholders |
|
No. of Shares |
|
Pankaj Talakshi Shah |
|
999997 |
|
Malti Pankaj Shah |
|
919996 |
|
Chintan Pankaj Shah |
|
50000 |
|
Shali Pankaj Shah |
|
30000 |
|
Savitaben C Shah |
|
2 |
|
Rajendra Shah |
|
1 |
|
Padamshi S Shah |
|
1 |
|
National Book Depot, Mumbai |
|
1 |
|
Hirachand S Shah |
|
1 |
|
Maldip Chemicals Private Limited, Mumbai |
|
1 |
|
Total
|
|
2000000 |
Equity Share Break up (Percentage of Total Equity)
As on 31.03.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of active Pharmaceutical Ingredients, Iodine Compounds
Veterinary Products and Specialty Chemicals. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Active Pharmaceutical Ingredients |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (60 Days) |
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Purchasing : |
Cash and Credit (60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
P.
J. Raichura and Company Chartered Accountants |
|
Address : |
71/72
Ashok Chambers, Devji Ratanshi Marg, Masjid Bunder, Mumbai – 400 009, India |
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Tel. No.: |
91-22-66314319 |
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Fax No.: |
91-22-23480069 |
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E-Mail : |
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Memberships : |
-- |
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Collaborators : |
-- |
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Parties where control exists and Related party
Relationships where transaction have taken place during the year : |
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CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
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|
|
|
|
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 |
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|
|
|
(1)Shareholders' Funds |
|
|
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|
(a) Share Capital |
20.000 |
20.000 |
20.000 |
|
(b) Reserves &
Surplus |
12.095 |
6.955 |
5.799 |
|
(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) |
32.095 |
26.955 |
25.799 |
|
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
18.078 |
17.856 |
16.763 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
18.078 |
17.856 |
16.763 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
38.553 |
34.711 |
34.941 |
|
(b) Trade payables |
74.267 |
38.490 |
27.168 |
|
(c) Other current
liabilities |
1.005 |
1.434 |
1.554 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
113.825 |
74.635 |
63.663 |
|
|
|
|
|
|
TOTAL |
163.998 |
119.446 |
106.225 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
42.370 |
40.686 |
37.890 |
|
(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 |
1.370 |
1.310 |
1.280 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
43.740 |
41.996 |
39.170 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
61.544 |
23.664 |
28.625 |
|
(c) Trade receivables |
27.093 |
39.715 |
23.589 |
|
(d) Cash and cash
equivalents |
22.505 |
10.488 |
11.950 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
9.116 |
3.583 |
2.891 |
|
Total Current Assets |
120.258 |
77.450 |
67.055 |
|
|
|
|
|
|
TOTAL |
163.998 |
119.446 |
106.225 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
207.794 |
98.399 |
78.007 |
|
|
Other Income |
1.257 |
0.323 |
0.000 |
|
|
TOTAL (A) |
209.051 |
98.722 |
78.007 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
192.964 |
79.121 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(15.629) |
(5.629) |
0.000 |
|
|
Employees benefits
expense |
8.306 |
6.616 |
0.000 |
|
|
Selling & Distribution
Expenses |
9.252 |
8.960 |
0.000 |
|
|
TOTAL (B) |
194.893 |
89.068 |
67.964 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
14.157 |
9.654 |
10.043 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
7.132 |
6.698 |
6.228 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.025 |
2.956 |
3.815 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.886 |
1.799 |
2.384 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
5.139 |
1.157 |
1.431 |
|
|
|
|
|
|
|
Less |
TAX (I) |
0.000 |
0.000 |
0.280 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
5.139 |
1.157 |
1.151 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (K) |
5.821 |
4.664 |
3.513 |
|
|
|
|
|
|
|
Add |
Earlier year excess
proposed dividend and dividend distribution tax (L) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
(1.134) |
(1.134) |
0.000 |
|
|
Dividend |
|
|
|
|
|
Tax on Dividend |
|
|
|
|
|
Total (M) |
(1.134) |
(1.134) |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S
(J+K+L-M) |
12.094 |
6.955 |
4.664 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
|
Basic |
2.57 |
0.58 |
0.00 |
|
|
Diluted |
2.57 |
0.58 |
0.00 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
Expected Sales (2014 - 2015): Rs. 400.000 Millions.
The above information has been parted by Mr. Pankaj Shah (Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.47 |
1.18 |
1.48 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.81 |
9.81 |
12.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.16 |
0.98 |
1.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.04 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.76 |
1.95 |
2.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.04 |
1.05 |
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 |
20.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
5.799 |
6.955 |
12.095 |
|
Net worth |
25.799 |
26.955 |
32.095 |
|
|
|
|
|
|
long-term borrowings |
16.763 |
17.856 |
18.078 |
|
Short term borrowings |
34.941 |
34.711 |
38.553 |
|
Total borrowings |
51.704 |
52.567 |
56.631 |
|
Debt/Equity ratio |
2.004 |
1.950 |
1.764 |
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 |
78.007 |
98.399 |
207.794 |
|
|
|
26.141 |
111.175 |
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 |
78.007 |
98.399 |
207.794 |
|
Profit |
1.151 |
1.157 |
5.139 |
|
|
1.48% |
1.18% |
2.47% |
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10508451 |
16/12/2014 * |
106,500,000.00 |
The Shamrao Vithal Co-operative Bank Ltd. |
Unit 1 & 2, Ground Floor, Aalap CHS
Ltd, Sir Bhal |
C38760310 |
|
2 |
10488400 |
08/07/2014 * |
46,500,000.00 |
The Shamrao Vithal Co-operative Bank Ltd. |
Unit 1 & 2, Ground Floor, Aalap CHS
Ltd, Sir Bhal |
C14062418 |
|
3 |
10477805 |
30/01/2014 |
6,600,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi Marg, Fort,
Mumbai, |
B96452768 |
|
4 |
10313070 |
10/09/2011 |
3,000,000.00 |
Bombay Mercantile Co-operative Bank Ltd |
E R Road Branch,, 132-134, Ebrahim
Rehimtoola Roa |
B23510647 |
|
5 |
10045730 |
09/04/2007 |
25,000,000.00 |
BOMBAY MERCANTILE CO-OP BANK LTD E. R ROAD
BRANCH |
E. R ROAD, MUMBAI, Maharashtra - 400003,
INDIA |
A13388962 |
|
6 |
90225360 |
09/08/2004 |
5,000,000.00 |
BOMBAY MERCANTILE CO-OPRATIVE BANK LIMITED |
MOHMEDALI ROAD, BOMBAY, Maharashtra, INDIA |
- |
|
7 |
90225304 |
16/01/2004 |
10,000,000.00 |
BOMBAY MERCANTILE CO-OPRATIVE BANK LIMITED |
MOHMEDALI ROAD, BOMBAY, Maharashtra, INDIA |
- |
|
8 |
90225297 |
03/12/2003 |
3,000,000.00 |
BOMBAY MERCANTILE CO-OPRATIVE BANK LIMITED |
MOHMEDALI ROAD, BOMBAY, Maharashtra, INDIA |
- |
|
9 |
90225293 |
26/09/2012 * |
27,500,000.00 |
BOMBAY MERCANTILE CO-OPERATIVE BANK LIMITED
|
Navratna Bldg., P.D'Mello Road,, Carnac
Bunder,, |
B62900329 |
|
10 |
90225235 |
31/01/2003 |
25,000,000.00 |
BOMBAY MERCANTILE CO-OPRATIVE BANK LIMITED |
MOHMEDALI ROAD, BOMBAY, Maharashtra, INDIA |
- |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loan
From Directors & Relatives |
|
|
|
Pankaj
T. Shah |
1.172 |
0.834 |
|
Rajendra
P. Shah |
1.155 |
1.165 |
|
Padamshi
S. Shah |
0.133 |
0.134 |
|
Chintan
P. Shah |
1.100 |
0.764 |
|
Shaili
P. Shah |
0.388 |
0.390 |
|
Malti
P Shah |
0.127 |
0.127 |
|
National
Book Depot |
1.302 |
1.302 |
|
Maldip
Chemicals Pvt Ltd |
2.568 |
2.590 |
|
Loan
from Others |
|
|
|
Hirachand
S. Shah |
0.032 |
0.031 |
|
Savitaben
C. Shah |
4.151 |
5.135 |
|
Total |
12.128 |
12.472 |
FIXED ASSETS
- Leasehold Land
- Factory Building
- Plant and Machinery
- Electric Installation
- Office Equipment’s
- Furniture and Fixtures
- Computers
- Cylinder Purchase
- Motor Car
- Air Conditioners
- Fire Extinguisher
- Lift
- Telephone
- Lab Instruments
- Standard weights
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.61.50 |
|
|
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
PAT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
RCH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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.