MIRA INFORM REPORT
|
Report No. : |
304672 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
ACG PAM PHARMA TECHNOLOGIES PRIVATE LIMITED |
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|
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Formerly Known
As : |
PAM PHARMAECUTICAL AND ALLIED MACHINERY COMPANY PRIVATE LIMITED |
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Registered
Office : |
127, Kandivali Industrial Estate, Kandivali (West), Mumbai – 400067,
Maharastra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
21.02.1972 |
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Com. Reg. No.: |
11-015632 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.480 Millions |
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CIN No.: [Company Identification
No.] |
U24239MH1972PTC015632 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP15335F |
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PAN No.: [Permanent Account No.] |
AAACP4776H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Pharmaceuticals Machinery and their Components. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. Management of the company has not filed its latest financial i.e. 2014
with the government department. As per available financial 2013, the financial position of the company
seems to be sound. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. 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 |
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Restricted |
C2 |
|
Off-credit |
D |
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 BY
|
Name : |
Mr. Saroj Maharana |
|
Designation : |
Manager |
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Contact No.: |
91-22-30780722 |
|
Date : |
23.01.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
127, Kandivali Industrial Estate, Kandivali (West), Mumbai – 400067,
Maharashtra, India |
|
Tel. No.: |
91-22-30780700 / 28682650 / 30780722 / 30780701 / 02 |
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Mobile No.: |
91-9004609943 (Mr. Harshad) |
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Fax No.: |
91-22-30780709 / 30780711 / 28683091 |
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E-Mail : |
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Website : |
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Area : |
28000 Sq. ft. |
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Location : |
Owned |
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Corporate Headquarters : |
Dalamal House, Nariman Point, Mumbai - 400021, Maharashtra, India |
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Tel. No.: |
91-22-30089444 / 45 |
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Fax No.: |
91-22-22872560 |
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Factory 2 : |
100, Kandivali Industrial Estate, Charkop, Kandivali (West), Mumbai – 400067,
Maharashtra, India |
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Location : |
Owned |
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|
|
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Factory 3 : |
66, Kandivali Industrial Estate, Kandivali (West), Mumbai – 400067,
Maharashtra, India |
|
Location : |
Owned |
DIRECTORS
As on 10.09.2013
|
Name : |
Mr. Jasjit Daljit Singh |
|
Designation : |
Director |
|
Address : |
2B Swapnalok L Jagmohandas Marg, |
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Date of Birth/Age : |
03.04.1943 |
|
Date of Appointment : |
02.12.1972 |
|
PAN No. : |
AAGPS7557Q |
|
DIN No.: |
00901470 |
|
|
|
|
Name : |
Mr. Ajit Daljit Singh |
|
Designation : |
Whole Time Director |
|
Address : |
A-1, Brighton No.1, Rungta Lane, Nepeansea Road, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
20.01.1941 |
|
Date of Appointment : |
17.10.2012 |
|
PAN No. : |
AAIPS7652Q |
|
DIN No.: |
00915347 |
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|
|
|
Name : |
Mr. Karan Jasjit Singh |
|
Designation : |
Managing Director |
|
Address : |
2B Swapnalok L Jagmohandas Marg, |
|
Date of Birth/Age : |
23.07.1979 |
|
Date of Appointment : |
01.11.2012 |
|
PAN No. : |
AAIPS0968B |
|
DIN No.: |
00901342 |
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|
|
|
Name : |
Mr. Jagmohanlal Chamanlal Chopra |
|
Designation : |
Additional Director |
|
Address : |
4th Floor, 42 Tower B Jolly Maker A, Cuffe Parade, Mumbai –
400005, |
|
Date of Birth/Age : |
17.11.1933 |
|
Date of Appointment : |
29.09.2006 |
|
PAN No.: |
AEUPC4881P |
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DIN No.: |
00901556 |
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|
|
|
Name : |
Mr. Shankar Gupta |
|
Designation : |
Whole-time Director |
|
Address : |
B – 503, Rj Rudram, Gokuldham, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
|
Date of Birth/Age : |
01.01.1967 |
|
Date of Appointment : |
01.11.2012 |
|
DIN No.: |
03591534 |
KEY EXECUTIVES
|
Name : |
Ms Saroj Maharana |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Ajit Daljit Singh |
4401 |
17.74 |
|
Jasjit Daljit Singh |
1102 |
4.44 |
|
Jeet Mercantile Private Limited, |
16002 |
64.51 |
|
Nandini Jasjit Singh |
1100 |
4.43 |
|
Karan Jasjit Singh |
1100 |
4.43 |
|
Priya Jasjit Singh |
1100 |
4.43 |
|
|
|
|
|
Total |
24805 |
100.00 |
As on 10.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
64.51 |
|
Directors or relatives of Directors |
35.49 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Pharmaceuticals Machinery and their Components. |
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Products : |
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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 Available |
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Purchasing : |
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 : |
B K Khare and Company Chartered Accountants |
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Address : |
B 9, Koteshwar Niwas, Subhash Road, Vile Parle (East)
Mumbai - 400057, Maharashtra, India |
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PAN No.: |
AAAFB0265E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives |
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Subsidiary company : |
ACG Metalcrafts Private Limited |
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Holding company : |
Jeet Mercantile Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 Millions |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24805 |
Equity Shares |
Rs.100/- each |
Rs.2.480 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 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
2.480 |
2.480 |
|
(b) Reserves & Surplus |
|
1910.598 |
1628.390 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1913.078 |
1630.870 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
69.418 |
84.368 |
|
(b) Deferred tax liabilities (Net) |
|
6.143 |
3.050 |
|
(c) Other long term
liabilities |
|
16.150 |
21.482 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
91.711 |
108.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
10.649 |
35.303 |
|
(b) Trade
payables |
|
189.092 |
157.694 |
|
(c) Other
current liabilities |
|
352.010 |
329.767 |
|
(d) Short-term
provisions |
|
41.278 |
62.778 |
|
Total Current
Liabilities (4) |
|
593.029 |
585.542 |
|
|
|
|
|
|
TOTAL |
|
2597.818 |
2325.312 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
370.235 |
358.386 |
|
(ii)
Intangible Assets |
|
1.613 |
2.247 |
|
(iii)
Capital work-in-progress |
|
33.102 |
4.522 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
98.093 |
88.014 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
150.121 |
61.161 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
653.164 |
514.330 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
362.690 |
47.292 |
|
(b)
Inventories |
|
362.736 |
322.390 |
|
(c) Trade
receivables |
|
548.213 |
439.112 |
|
(d) Cash
and cash equivalents |
|
80.694 |
114.978 |
|
(e)
Short-term loans and advances |
|
569.696 |
885.216 |
|
(f) Other
current assets |
|
20.625 |
1.994 |
|
Total
Current Assets |
|
1944.654 |
1810.982 |
|
|
|
|
|
|
TOTAL |
|
2597.818 |
2325.312 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.480 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1365.277 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1367.757 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.114 |
|
|
2] Unsecured Loans |
|
|
10.323 |
|
|
TOTAL BORROWING |
|
|
10.437 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.024 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1382.218 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
202.967 |
|
|
Capital work-in-progress |
|
|
37.115 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
141.922 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
306.674
|
|
|
Sundry Debtors |
|
|
447.411
|
|
|
Cash & Bank Balances |
|
|
72.303
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
652.468
|
|
Total
Current Assets |
|
|
1478.856
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
188.552 |
|
|
Other Current Liabilities |
|
|
232.789
|
|
|
Provisions |
|
|
57.301
|
|
Total
Current Liabilities |
|
|
478.642
|
|
|
Net Current Assets |
|
|
1000.214
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1382.218 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2169.287 |
1996.663 |
1556.945 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1725.838 |
1581.672 |
1195.603 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
443.449 |
414.991 |
361.342 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
136.155 |
127.663 |
113.134 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
307.294 |
287.328 |
248.208 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
333.007 |
97.360 |
49.887 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
31.680 |
27.467 |
200.000 |
|
|
|
Dividend |
29.766 |
9.922 |
0.000 |
|
|
|
Tax on Dividend |
4.829 |
1.609 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
583.533 |
333.007 |
97.360 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
12388.39 |
11583.47 |
10006.37 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
14.16
|
14.39 |
15.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.98 |
18.59 |
21.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.25 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.04 |
0.07 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.28 |
3.09 |
3.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2.480 |
2.480 |
|
Reserves & Surplus |
1628.390 |
1910.598 |
|
Net
worth |
1630.870 |
1913.078 |
|
|
|
|
|
long-term borrowings |
84.368 |
69.418 |
|
Short term borrowings |
35.303 |
10.649 |
|
Total
borrowings |
119.671 |
80.067 |
|
Debt/Equity
ratio |
0.073 |
0.042 |
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 |
1556.945 |
1996.663 |
2169.287 |
|
|
|
28.242 |
8.646 |
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 |
1556.945 |
1996.663 |
2169.287 |
|
Profit |
248.208 |
287.328 |
307.294 |
|
|
15.94% |
14.39% |
14.17% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
Yes |
|
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
10.303 |
31.519 |
|
|
|
|
|
Total |
10.303 |
31.519 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10275454 |
25/03/2011 |
160,000,000.00 |
THE HONGKONG & SHANGHAI BANKING CORPORATION LIMITED |
52/60, Mahatma Gandhi Road, Fort, Mumbai, Maharashtra - 400001, INDIA |
B09051095 |
|
2 |
10217346 |
25/03/2010 |
100,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
52/60, Mahatma Gandhi Road, Fort, Mumbai, Maharashtra - 400001, INDIA |
A84579390 |
|
3 |
10013167 |
22/04/2008 * |
200,000,000.00 |
Standard Chartered Bank |
90, M G Road, Fort, Mumbai, Maharashtra - 400001, INDIA |
A36850766 |
|
4 |
90188843 |
23/04/2008 * |
75,000,000.00 |
State Bank of India |
Kandivli Industrial Estate Branch, Near Hindustan Naka, Kandivli West,
Mumbai, Maharashtra - 400067, INDIA |
A39578299 |
|
5 |
90184892 |
21/08/1984 |
1,500,000.00 |
GRINDLAYS BANK |
90; MAHATMA GANDHI ROAD, BOMBAY, Maharashtra - 400023, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
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 : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
54 |
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.