MIRA
INFORM REPORT
|
Report No. : |
322818 |
|
Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
DR. J R K’S SIDDHA RESEARCH AND PHARMACEUTICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.11, |
|
Tel. No.: |
91-44-24780874/24782487/24641346 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.02.1990 |
|
|
|
|
Com. Reg. No.: |
18-18741 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.992 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231TN1990PTC018741 |
|
|
|
|
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
: |
Manufacturing and Marketing of research based formulations for
treatment of PSORIASIS, Vitiligo, Immune Deficiencies. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 98000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is well established private limited company having
satisfactory track. Company has recorded less profit in FY14 as compare to previous year,
still net profit margin is satisfactory. However, liquidity and net worth is good overall financial are strong. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company van 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 – 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
|
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 DECLINED BY
Management Non- cooperative
LOCATIONS
|
Registered Office : |
No.11, Perumal Koil Street, Kunrathur, Madras, Chennai-600069, Tamil
Nadu, India |
|
Tel. No.: |
91-44-24780874/24782487/24641346 |
|
Fax No.: |
91-44-24782427 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
19 Perumal Koil Street, Kunrathur, Chennai-600069, India |
|
Tel. No.: |
91-44-24780874/24782487/24641346 |
DIRECTORS
As on 12.09.2014
|
Name : |
Mr. Jalakandapuram Krishnamoorthy Rajagopal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No.3, II Floor, Srimahal flats, Old No. 56, 3rd Main Road, R A
Puram, Chenaai-600028, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.11.2003 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00206670 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr.
Jaiakandapuram Ramaswamy Krishnamoorthy |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
No.11, Perumal Koil Street, Kunrathur, Chennai-600069, Tamil Nadu,
India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.1990 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00773435 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Gayathri Rajagopal |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No.3, II Floor, Srimahal flats, Old No. 56, 3rd Main Road, R A
Puram, Chenaai-600028, Tamil Nadu, India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.01.2012 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05145469 |
||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Jaiakandapuram Ramaswamy Krishnamoorthy |
15000 |
5.01 |
|
Gayathri Rajagopal |
68400 |
22.86 |
|
Gayathri Rajagopal |
215800 |
72.13 |
|
Total |
299200 |
100.00 |
s
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Marketing of research based formulations for
treatment of PSORIASIS, Vitiligo, Immune Deficiencies |
|
|
|
|
Products : |
·
Dr. JRK’s 777 Oil ·
Psorolin Ointment ·
Psorolin Oil ·
Psorolin medicated ·
Bathing Bar ·
Aforte Capsules ·
Lippu Oil ·
Keshraksha Gel ·
Tolenorm Oil ·
Bekay Capsules ·
Lippu Ointment ·
Lumina Oil ·
Pesin Capsules |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
·
ABT Marithi ·
FICCI Fi-Men Systems ·
Hitlar and Company ·
Giri Brother Private Limited ·
Galaxy Surfactants Current A/C ·
DSC Motor Private Limited ·
Caravan Appliances ·
Cath Graphics ·
Chennai Stereos ·
Ganesh Engineering ·
Guna Super Market |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Customers : |
·
South Good Transport Company ·
Southern Packaging ·
S.S Pharma ·
Vimal Plastic ·
Vipul Phaarma ·
V.V.D Printers ·
Vctory Panto Moulders ·
Usha Fire Safety Equipment Private Limited ·
Techno Plastic Moulders ·
Tangent Plast |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Indian Overseas Bank- Chennai-600069, Tamilnadu, India
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
J. K. Ramaswamy and Associates Chartered Accountants |
|
Address : |
24/A, Perumal Koil Street, Porur, Chennai-600116, Tamil Nadu, India |
|
Tel. No.: |
91-44-24828125 |
|
Mobile No.: |
91-9841074757 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABPR5194H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
299200 |
Equity Shares |
Rs.10/- each |
Rs.2.992
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 |
2.992 |
2.992 |
2.992 |
|
(b) Reserves & Surplus |
31.412 |
27.166 |
20.898 |
|
(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) |
34.404 |
30.158 |
23.890 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.472 |
3.743 |
3.690 |
|
(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) |
2.472 |
3.743 |
3.690 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.202 |
1.111 |
2.941 |
|
(b) Trade payables |
1.444 |
2.285 |
2.988 |
|
(c) Other current
liabilities |
0.584 |
1.633 |
2.271 |
|
(d) Short-term provisions |
0.425 |
0.405 |
0.109 |
|
Total Current Liabilities (4) |
9.655 |
5.434 |
8.309 |
|
|
|
|
|
|
TOTAL |
46.531 |
39.335 |
35.889 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
18.826 |
12.715 |
10.712 |
|
(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 |
14.404 |
15.803 |
11.449 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.265 |
0.266 |
0.250 |
|
(e) Other Non-current assets |
0.112 |
0.396 |
0.144 |
|
Total Non-Current Assets |
33.607 |
29.180 |
22.555 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4.432 |
5.042 |
5.070 |
|
(c) Trade receivables |
7.084 |
4.885 |
7.765 |
|
(d) Cash and cash
equivalents |
1.017 |
0.133 |
0.174 |
|
(e) Short-term loans and
advances |
0.391 |
0.095 |
0.325 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
12.924 |
10.155 |
13.334 |
|
|
|
|
|
|
TOTAL |
46.531 |
39.335 |
35.889 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Indian Sales |
86.309 |
76.556 |
74.723 |
|
|
|
Export Sales |
1.201 |
3.846 |
2.600 |
|
|
|
Other Income |
2.113 |
1.565 |
0.644 |
|
|
|
TOTAL |
89.623 |
81.966 |
77.966 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
9.492 |
11.357 |
9.668 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.623 |
0.604 |
0.449 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.869 |
10.753 |
9.219 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.868 |
1.800 |
1.409 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
7.001 |
8.953 |
7.810 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.088 |
2.714 |
2.427 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
4.913 |
6.239 |
5.383 |
|
|
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
16.42 |
20.85 |
17.99 |
|
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 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.69 |
8.15 |
7.21 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.00 |
14.83 |
12.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.79 |
38.05 |
31.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.30 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.28 |
0.16 |
0.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.87 |
1.60 |
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 |
2.992 |
2.992 |
2.992 |
|
Reserves & Surplus |
20.898 |
27.166 |
31.412 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
23.890 |
30.158 |
34.404 |
|
|
|
|
|
|
long-term borrowings |
3.690 |
3.743 |
2.472 |
|
Short term borrowings |
2.941 |
1.111 |
7.202 |
|
Total
borrowings |
6.631 |
4.854 |
9.674 |
|
Debt/Equity
ratio |
0.278 |
0.161 |
0.281 |
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 |
74.723 |
76.556 |
86.309 |
|
|
|
2.453 |
12.740 |
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 |
74.723 |
76.556 |
86.309 |
|
Profit |
5.384 |
6.239 |
4.913 |
|
|
7.21% |
8.15% |
5.69% |
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 |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
No |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
OPERATIONS:
During the year under report, the total revenue for the financial year
ended on 31st March, 2014 were Rs. 89.624 Million as against total revenue
of Rs. 81.969 Million in the previous financial year indicating an increase of
Rs.7.654 Million. Similarly the profit after tax was Rs. 4.912 for the
financial year ended on March, 2014 as against Rs. 6.239 in the previous
financial year ended on March 31, 2013, improve decrease of 21.26%. The company
has taken necessary steps to further improve profitability.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90306713 |
06/01/2004 |
450,000.00 |
INDIAN OVERSEAS
BANK |
NO.1-A; VELLALA
STREET, KUNRATHUR, CHENNAI, Tami |
- |
|
2 |
90306677 |
10/05/2003 |
890,000.00 |
INDIAN OVERSEAS
BANK |
NO.1-A; VELLALA
STREET, KUNRATHUR, CHENNAI, Tami |
- |
FIXED ASSETS
Tangible Asstes:
·
Air Conditioner
·
Air Curtain
·
Box Strapping Machine
·
CCTV Camra
·
Computer
·
Control Panel
·
Corolla Altis
·
Bottle Mould (100Ml)
·
Blister Packing Machine
·
Lab Equipment
·
Furniture and Fixture
·
Heater
·
Hot Air Oven
·
Hot Water Tank
·
Grill Gate
·
Floor Wrap
·
Machine
·
EPABX- Accord
·
Factory Building
·
Factory Equipment
·
Helipath Stand
·
Innova GX 8 Seater
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 records 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.63.60 |
|
|
1 |
Rs.97.26 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
PJA |
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 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
48 |
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.