MIRA INFORM REPORT
|
Report No. : |
324452 |
|
Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
A. C. SURGIPHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
K-59, Pratap Nagar, Near Pratap Nagar-Metro Station, New Delhi –
110007 |
|
Tel. No.: |
91-11-23696719 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.03.1993 |
|
|
|
|
Com. Reg. No.: |
55-052682 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.007 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51397DL1993PTC052682 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
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
: |
Trader of Pharmaceutical Products. |
|
|
|
|
No. of Employees
: |
50 (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 190000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is established company incorporated in the year 1993 and it is
having satisfactory track record. For the financial 2014, the company has achieve Rs.396.800 Million sales
turnover and reputed 41.15% top line growth. Profitability margin stood at
4.66% backed by its debt to equity at 0.26 times. Rating take into consideration company’s established track record of
its business operation and decent experience of its promoters. Trade relations are fair. Business is active. Payments are reported to
be usually correct. In view of decent business operation, company can be considered for
the 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Anand Mishra |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9999985698 |
|
Date : |
27.05.2015 |
LOCATIONS
|
Registered Office : |
K-59, Pratap Nagar, Near Pratap Nagar-Metro Station, New Delhi –
110007, India |
|
Tel. No.: |
91-11-23696719 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
300 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Defense Colony, Delhi, India |
|
Area : |
200 sq. ft. (Approx.) |
|
Location : |
Rented |
|
|
|
|
Branch Office : |
Rudrapur, Uttarakhand, India |
|
Area : |
200 sq. ft. (Approx.) |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ramesh Chander |
|
Designation : |
Managing Director |
|
Address : |
10735, First Floor, Street No.12, Pratap Nagar, Andha Mughal, Delhi –
110007, India |
|
Date of Birth/Age : |
13.04.1956 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
19.03.1993 |
|
DIN No.: |
00424319 |
|
|
|
|
Name : |
Mr. Chetan Makhija |
|
Designation : |
Director |
|
Address : |
10735, First Floor, Street No.12, Pratap Nagar, Andha Mughal, Delhi –
110007, India |
|
Date of Birth/Age : |
21.09.1983 |
|
Qualification : |
M. Com |
|
Date of Appointment : |
15.04.2002 |
|
DIN No.: |
00424388 |
KEY EXECUTIVES
|
Name : |
Mr. Anand Mishra |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Chetan Makhija |
|
5040 |
|
Harmeet Singh Anand HUF |
|
1 |
|
Harpreet Singh Anand HUF |
|
1 |
|
Kusum Sharma |
|
1 |
|
Mohan Prakash Saluja |
|
1 |
|
Paramjit Singh Anand HUF |
|
1 |
|
Rajiv Vij |
|
1 |
|
Ramesh Chander |
|
25027 |
|
Seema Kathuria |
|
1 |
|
|
|
|
|
Total |
|
30074 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
99.80 |
|
Directors or relatives of Directors |
0.20 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Pharmaceutical Products. |
|
|
|
|
Products : |
Pharmaceutical Products |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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|
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Credit |
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|
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Purchasing : |
Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· State Bank of India, Partap Nagar Branch, Delhi – 110007, India · ICICI Bank Limited ·
Axis Bank Limited |
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Facilities : |
NOTES: Long Term Borrowings Additional Information : ** Terms of repayment of outstanding secured borrowings are as follows : a) Loan amounting to Rs.2.000 Million (31.03.2014: Rs.1.389 Million) repayable in 36 installments maturity on 31.03.2016. b) Loan amounting to Rs.2.000 Million (31.03.2014: Rs.4.198 Million) repayable in 26 installments maturity on 31.12.2015. |
|
Auditors : |
|
|
Name : |
Dilip Kapoor and Associates Chartered Accountants |
|
Address : |
206, Mohan Complex, H Block Market, Ashok Vihar, Phase – I, New Delhi
– 110052, India |
|
PAN No.: |
AAJFD0173G |
|
Mobile No.: |
91-9810061361/ 9811339921 |
|
Email : |
|
|
PAN No.: |
AAJFD0173G |
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|
|
|
Memberships : |
Not Divulged |
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|
|
|
Collaborators : |
Not Divulged |
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|
|
|
Others : |
Zenika Pharma |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30074 |
Equity Shares |
Rs.100/- each |
Rs.3.007 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
3.007 |
3.007 |
3.007 |
|
(b) Reserves & Surplus |
65.231 |
46.656 |
32.001 |
|
(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) |
68.238 |
49.663 |
35.008 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
8.768 |
15.427 |
22.759 |
|
(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 |
1.046 |
0.465 |
0.362 |
|
Total Non-current
Liabilities (3) |
9.814 |
15.892 |
23.121 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
9.467 |
23.501 |
16.540 |
|
(b) Trade
payables |
26.340 |
15.160 |
16.798 |
|
(c) Other
current liabilities |
12.571 |
11.217 |
4.113 |
|
(d) Short-term
provisions |
9.410 |
7.161 |
6.524 |
|
Total Current
Liabilities (4) |
57.788 |
57.039 |
43.975 |
|
|
|
|
|
|
TOTAL |
135.840 |
122.594 |
102.104 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
21.024 |
13.391 |
10.824 |
|
(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 |
0.705 |
|
(c) Deferred tax assets (net) |
0.419 |
0.109 |
0.088 |
|
(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 |
21.448 |
13.505 |
11.617 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
22.784 |
9.035 |
9.855 |
|
(c) Trade
receivables |
58.448 |
57.359 |
30.028 |
|
(d) Cash
and cash equivalents |
1.897 |
12.465 |
1.251 |
|
(e) Short-term
loans and advances |
20.746 |
23.614 |
43.331 |
|
(f) Other
current assets |
10.517 |
6.616 |
6.022 |
|
Total
Current Assets |
114.392 |
109.089 |
90.487 |
|
|
|
|
|
|
TOTAL |
135.840 |
122.594 |
102.104 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
396.800 |
281.948 |
344.311 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
367.053 |
258.740 |
323.083 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.747 |
23.208 |
21.228 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2.020 |
1.393 |
1.376 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
27.727 |
21.815 |
19.852 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.152 |
7.160 |
6.579 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
18.575 |
14.655 |
13.273 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
617.65 |
487.29 |
443.93 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
350.000 |
Expected Sales (2015-2016): Rs.370.000 Million
The above information has been parted by Mr. Anand Mishra (Account
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
20.48 |
17.81 |
19.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.44 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.27 |
0.78 |
1.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.98 |
1.91 |
2.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
3.007 |
3.007 |
3.007 |
|
Reserves & Surplus |
32.001 |
46.656 |
65.231 |
|
Net
worth |
35.008 |
49.663 |
68.238 |
|
|
|
|
|
|
long-term borrowings |
22.759 |
15.427 |
8.768 |
|
Short term borrowings |
16.540 |
23.501 |
9.467 |
|
Total
borrowings |
39.299 |
38.928 |
18.235 |
|
Debt/Equity
ratio |
1.123 |
0.784 |
0.267 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
344.311 |
281.948 |
396.800 |
|
|
|
(18.112) |
40.735 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
344.311 |
281.948 |
396.800 |
|
Profit |
13.273 |
14.655 |
18.575 |
|
|
3.85% |
5.20% |
4.68% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
From Share Holders |
3.100 |
10.427 |
|
From Body Corporate |
3.000 |
3.000 |
|
|
|
|
|
Total |
6.100 |
13.427 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10418744 |
04/03/2013 |
2,000,000.00 |
Canara Bank |
15a, Kamla Nagar, Delhi, Delhi - 110007, India |
B72895089 |
|
2 |
10379790 |
15/09/2012 |
5,000,000.00 |
Canara Bank |
15-A, Kamla Nagar, Delhi, Delhi - 110007, India |
B59409573 |
|
3 |
10199460 |
07/01/2010 |
5,000,000.00 |
Canara Bank |
15 A, Kamala Nagar, Delhi, Delhi - 110007, India |
A78075348 |
|
4 |
10199464 |
01/02/2012 * |
17,500,000.00 |
Canara Bank |
15-A, Kamla Nagar, Delhi, Delhi - 110007, India |
B32834525 |
|
5 |
10092219 |
26/02/2008 |
900,000.00 |
Canara Bank |
15a, Kamla Nagar, Delhi, Delhi - 110007, India |
A34334896 |
|
6 |
90049020 |
29/03/2002 |
319,000.00 |
Canara Bank |
15-A, Kamla Nagar, Delhi, Delhi, India |
- |
|
7 |
90049010 |
21/07/2014 * |
24,000,000.00 |
Canara Bank |
15-A, Kamla Nagar, Delhi, Delhi - 110007, India |
C16126351 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Refrigerator
·
Video Camera
·
Stabilizer
·
Photocopier
·
Fan and Cooler
·
Fax
·
Typewriter
·
Air Conditioner
·
Generator
·
Furniture and Fixture
·
Office Equipment
·
Pager
·
P.B.X. System
·
Cellular Phone
·
Electrical Installation
·
Audio / Video System
·
Telephone Instruments
·
Fire Extinguisher
·
Water Cooler Machine
·
Invertor
·
LG T. V.
·
Micro Wave
·
Tea and Coffee Machine
·
Temperature Logger
·
Motor
·
Ro Kent Purifier
·
Cycle
·
Scooter
·
Car
·
Motor Cycle
·
Tata Ace
·
Computer
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.63.76 |
|
|
1 |
Rs.97.80 |
|
Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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.