MIRA INFORM REPORT
|
Report No. : |
327600 |
|
Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEDISYS BIOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Moginand, Nahan Road, Kala Amb, District Sirmaur – 173030,
Himachal Pradesh |
|
Tel. No.: |
91-172-4658142/ 2555280 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.12.2005 |
|
|
|
|
Com. Reg. No.: |
06-030915 [New] 20-031056 [Old] |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.345 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231HP2005PTC030915 [New] U24231UP2005PTC031056 [Old] |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLM13361F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM8158L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company engages in the business of manufacturing and dealing in chemicals, drugs and pharmaceutical products. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 was incorporated on 7th December 2005, it is
established company having satisfactory track. The general financial position of the company seems to sound and
healthy. The fundamentals of the company are healthy. Rating take
consideration on established track record of the company into pharma industry
and experienced of the promoter. Trade relations are fair. Business is active. Payments are reported to
be usually correct. In view of sound financial backed by its experienced promoters, 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 – 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 |
CRISIL |
|
Rating |
SE 2B |
|
Rating Explanation |
High performance capability and moderate financial strength. |
|
Date |
August, 2014 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Deepak Yadav |
|
Designation : |
Account and Finance Manager |
|
Contact No.: |
91-9823066868 |
|
Date : |
16.06.2015 |
LOCATIONS
|
Registered Office / Factory : |
Village Moginand, Nahan Road, Kala Amb, District Sirmaur – 173030,
Himachal Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9823066868 (Mr. Deepak Yadav) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
http://www.pharmasachetmanufacturers.com |
|
|
|
|
Admin Office / Corporate Office
: |
S.C.O. 142, 2nd Floor, Mansa Devi Complex, Sector - 5, Chandigarh Kalka Highway Panchkula - 134109, Haryana, India |
|
Tel. No.: |
91-172-4658142/ 2555280 |
|
Fax No.: |
91-172-4658142 |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Kalevar Rajeshwar |
|
Designation : |
Director |
|
Address : |
H. No: 1-5-3, Sri Poulomi Apartments, Street No: 8, Vivek Nagar, Habsiguda, Hyderabad - 500007, Telangana, India |
|
Date of Appointment : |
25.01.2007 |
|
DIN No.: |
01089904 |
|
|
|
|
Name : |
Joel Kurian |
|
Designation : |
Director |
|
Address : |
DD-36, Ground Floor, Kalkaji, New Delhi - 110019, India |
|
Date of Appointment : |
25.01.2007 |
|
DIN No.: |
01425676 |
|
|
|
|
Name : |
Ashok Kumar Srivastava |
|
Designation : |
Director |
|
Address : |
R/o B-2464, Indira Nagar, Lucknow-226016, Uttar Pradesh, India |
|
Date of Appointment : |
07.12.2005 |
|
DIN No.: |
00182303 |
|
|
|
|
Name : |
Pramod Kumar Srivastava |
|
Designation : |
Director |
|
Address : |
6305, High Land Knolls, Dr. Bakersfield CA 93306, Bakersfield, 93306, United States of America |
|
Date of Appointment : |
07.12.2005 |
|
DIN No.: |
06362622 |
|
|
|
|
Name : |
Rahul Sharma |
|
Designation : |
Director |
|
Address : |
Clarion River, Baker Road, California,93311 United States of America |
|
Date of Appointment : |
07.12.2005 |
|
DIN No.: |
06362638 |
|
|
|
|
Name : |
Ashok Rampal Kumar |
|
Designation : |
Director |
|
Address : |
C-943, Sushant Lok-1,, Gurgaon, Gurgaon - 122002, Haryana, India |
|
Date of Appointment : |
01.11.2011 |
|
DIN No.: |
05222436 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak Yadav |
|
Designation : |
Account and Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Kumar Srivastava |
|
18000 |
|
Joel Kurian |
|
4000000 |
|
Ashok Rampal Kumar |
|
2076923 |
|
Pramod Kumar Srivastava |
|
12309873 |
|
Rahul Sharma |
|
10700000 |
|
Disto Pharmaceuticals Private Limited, India |
|
11440000 |
|
Mohan Ready Ettyreddy |
|
7299820 |
|
Cetric Investment Private Limited, India |
|
2000000 |
|
Vatasa Trade Links,
India |
|
500000 |
|
Total |
|
50344616 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
27.68 |
|
Directors or relatives of Directors |
57.82 |
|
Other top fifty shareholders |
14.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engages in the business of manufacturing and dealing in chemicals, drugs and pharmaceutical products. |
|
|
|
|
Products : |
Chemicals, drugs and pharmaceutical products |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End User and OEMs
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
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|
Auditors : |
|
|
Name : |
Dhanunjaya and Harannath Chartered Accountants |
|
Address : |
#302, Wings, H No. 8-3-960/6/2, Srinagar Colony, Hydrabad-500073, Andhra Pradesh, India |
|
PAN No.: |
AAJFD2429F |
|
|
|
|
Memberships : |
--- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Holding Company : |
Disto Pharmaceuticals Private Limited [U24239AP2002PTC038926] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
52,500,000 |
Equity Shares |
Rs.1/- each |
Rs.52.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50,344,616 |
Equity Shares |
Rs.1/- each |
Rs.50.345 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 |
50.345 |
45.200 |
44.200 |
|
(b) Reserves &
Surplus |
17.401 |
17.584 |
13.727 |
|
(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) |
67.746 |
62.784 |
57.927 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
3.604 |
2.430 |
3.159 |
|
(b) Deferred tax
liabilities (Net) |
0.463 |
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) |
4.067 |
2.430 |
3.159 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
17.453 |
16.062 |
10.057 |
|
(b) Trade payables |
28.871 |
20.640 |
20.537 |
|
(c) Other current
liabilities |
3.582 |
5.073 |
2.077 |
|
(d) Short-term provisions |
4.169 |
0.786 |
2.790 |
|
Total Current Liabilities
(4) |
54.075 |
42.561 |
35.461 |
|
|
|
|
|
|
TOTAL |
125.888 |
107.775 |
96.547 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
49.413 |
47.536 |
46.888 |
|
(ii) Intangible Assets |
7.865 |
2.954 |
2.758 |
|
(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 |
0.050 |
0.050 |
0.050 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.481 |
0.454 |
0.454 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.338 |
|
Total Non-Current Assets |
57.809 |
50.994 |
50.488 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
24.233 |
17.148 |
12.110 |
|
(c) Trade receivables |
37.255 |
31.989 |
31.830 |
|
(d) Cash and cash
equivalents |
1.423 |
4.402 |
1.370 |
|
(e) Short-term loans and
advances |
5.168 |
3.242 |
0.732 |
|
(f) Other current assets |
0.000 |
0.000 |
0.017 |
|
Total Current Assets |
68.079 |
56.781 |
46.059 |
|
|
|
|
|
|
TOTAL |
125.888 |
107.775 |
96.547 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
129.654 |
|
88.982 |
|
|
Other Income |
|
|
|
|
|
TOTAL (A) |
129.654 |
114.997 |
88.982 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
TOTAL (B) |
113.173 |
102.949 |
79.694 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
16.481 |
12.048 |
9.288 |
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES (D) |
2.994 |
2.630 |
2.115 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.487 |
9.418 |
7.173 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
5.234 |
3.853 |
3.711 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
8.253 |
5.565 |
3.462 |
|
|
|
|
|
|
|
|
TAX (H) |
1.606 |
0.000 |
0.675 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
6.183 |
5.565 |
2.787 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.12 |
0.12 |
-- |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover |
|
|
130.000 |
The above information has been parted by Mr. Deepak Yadav.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
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) |
(%) |
4.77 |
4.84 |
3.13 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
12.71 |
10.48 |
10.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.56 |
5.17 |
3.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.09 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.31 |
0.29 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.33 |
1.30 |
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 |
44.200 |
45.200 |
50.345 |
|
Reserves & Surplus |
13.727 |
17.584 |
17.401 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
57.927 |
62.784 |
67.746 |
|
|
|
|
|
|
long-term borrowings |
3.159 |
2.430 |
3.604 |
|
Short term borrowings |
10.057 |
16.062 |
17.453 |
|
Total borrowings |
13.216 |
18.492 |
21.057 |
|
Debt/Equity ratio |
0.228 |
0.295 |
0.311 |
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 |
88.982 |
114.997 |
129.654 |
|
|
|
29.236 |
12.746 |
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 |
88.982 |
114.997 |
129.654 |
|
Profit |
2.787 |
5.565 |
6.183 |
|
|
3.13% |
4.84% |
4.77% |
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 |
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 |
No |
|
19 |
Major customers |
No |
|
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 four 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 |
Yes |
|
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 |
NOTE
The registered office of the company has been shifted from 38/7, Gilish Bazar, Shiwal, Kanpur, Uttar Pradesh, India to the present address w.e.f. 12.05.2008.
CORPORATE INFORMATION
Subject is a private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956, the company engages in the business of manufacturing and dealing in chemicals, drugs and pharmaceutical products. The Company has a manufacturing facility at Himachal Pradesh.
OPERATIONS
During the year Company has advanced production processes, increased capacities in certain sections and have added many new products. Sales of both, pellets and formulations are constantly growing considerably.
The entry of the company in to the market of Nutraceuticals has been encouraging. The company expecting to add new and enhanced products in, Nutraceuticals space The Company has consolidated its franchisee network during the year.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10571347 |
16/05/2015 |
5,000,000.00 |
ALLAHABAD BANK |
MOTOR MARKET, MANIMAJRA BRANCH, CHANDIGARH, CHAND |
C54612577 |
|
2 |
10143847 |
16/02/2009 |
3,000,000.00 |
GENERAL MANAGER |
DISTRICT INDUSTRIES CENTRE, NAHAN, HIMACHAL PRADES |
A57326639 |
|
3 |
10042785 |
24/03/2014 * |
45,156,000.00 |
ALLAHABAD BANK |
MOTOR MARKET, MANIMAJRA BRANCH, CHANDIGARH, CHAND |
C01141563 |
* 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 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.64.11 |
|
|
1 |
Rs.100.31 |
|
Euro |
1 |
Rs.72.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
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 |
|
45 |
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.