MIRA INFORM REPORT
|
Report No.: |
328836 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BAYER PHARMACEUTICALS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
BAYER ZYDUS HEALTHCARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bayer House, Central Avenue, 5th Floor, Hiranandani Estate,
Thane (West) – 400607, Maharashtra |
|
Tel. No.: |
91-22-25711234 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.07.1998 |
|
|
|
|
Com. Reg. No.: |
11-116021 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 263.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05195MH1998PTC116021 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMB08712E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB3852F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Seller and Distribution of Pharma and Animal
Health Products and also Seller and Distribution of Diabetes Care Products. |
|
|
|
|
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 |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “BAYER (SOUTH EAST ASIA) PTE LIMITED”. It
is a well-established company having fine track record. A reserve of the company is low. However, the rating takes into consideration company’s improved
operational performance supported by profit achieved from operations during
2014 and strong operational as well as financial support that the company
receives from its parent company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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 |
ICRA |
|
Rating |
Long Term Rating = A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
June 04, 2015 |
RBI DEFAULTERS’ 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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Ms. Sweta |
|
Designation : |
Reception |
|
Date : |
22.06.2015 |
LOCATIONS
|
Registered Office : |
Bayer House, Central Avenue, 5th Floor, Hiranandani Estate,
Thane (West) – 400607, Maharashtra, India |
|
Tel. No.: |
91-22-25711234 |
|
Fax No.: |
91-22-25700147/ 25455080/ 25705940 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office: |
|
|
Tel. No.: |
91-22-5311234 |
|
|
|
|
Branch Office 1 : |
1st Floor, 9 Harleys Road, Kilpauk, Chennai – 600010,
Tamilnadu, India |
|
Tel. No.: |
91-44-26453730 |
|
Fax No.: |
91-44-26453740 |
|
|
|
|
Branch Office 2 : |
ECOSPACE, Building No.3A, Unit No. 502, 5th Floor, 59 M Wide (R.O.W) Road, New Town, Rajarhat, Kolkata – 700156, West Bengal, India |
|
Tel. No.: |
91-33-66227123 |
|
Fax No.: |
91-33-66227198/ 99 |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Angel Michaelo Luna Evangelista |
|
Designation : |
Managing director |
|
Address : |
Flat No. 502, 5th Floor, Evita Building, Hiranandani
Gardens, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
06.10.1965 |
|
Qualification : |
B.Sc., Dipl in Industrial Engineering, MBM, MBA |
|
Experience : |
16 Years |
|
Date of Appointment : |
01.07.2011 |
|
PAN No.: |
AAVPE4411C |
|
DIN No.: |
03030559 |
|
|
|
|
Name : |
Fidahusein Yacub Merchant |
|
Designation : |
Director |
|
Address : |
201, Louella, Plot No. 443, TPS 3, 14th Road, Bandra, Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
03.04.1958 |
|
Date of Appointment : |
30.05.2007 |
|
DIN No.: |
01239956 |
|
|
|
|
Name : |
Mr. Biren Pravinchandra Dave |
|
Designation : |
Director |
|
Address : |
Flat No. 401, 4th Floor, Resort View Cooperative Housing
Society Limited, Thakur Complex, Kandivali (East), Mumbai - 400101,
Maharashtra, India |
|
Date of Birth/Age : |
01.07.1970 |
|
Date of Appointment : |
30.05.2007 |
|
DIN No.: |
01236596 |
KEY EXECUTIVES
|
Name : |
Mr. Dhananjay Manohar Bhagwat |
|
Designation : |
Secretary |
|
Address : |
B-12, Ghanashyam Society, Dr. Rajendra Prasad Road, Opposite Ram
Nagar, Post Office, Dombivali, Thane - 421201, Maharashtra, India |
|
Date of Birth/Age : |
20.04.1976 |
|
Date of Appointment : |
30.04.2007 |
|
PAN No.: |
AIYPB4398Q |
|
|
|
|
Name : |
Mr. Rajesh Aggarwal |
|
Designation : |
Country Group Head – Southern Asia |
|
|
|
|
Name : |
Mr. Vishwanath Nilakantan |
|
Designation : |
Manager - National Key Accounts |
|
|
|
|
Name : |
Mr. Mayank Tripathi |
|
Designation : |
Leadership Associate |
|
|
|
|
Name : |
Mr. Santanu Rudra |
|
Designation : |
Head - Marketing |
|
|
|
|
Name : |
Mr. Nilesh Nayak |
|
Designation : |
Head - Training |
|
|
|
|
Name : |
Mr. Manoj Saxena |
|
Designation : |
Business Unit Head – General Medicine |
|
|
|
|
Name : |
Mr. Rakesh Julka |
|
Designation : |
Country Division Head - Diabetes Care |
|
|
|
|
Name : |
Mr. Pradeep Sharma |
|
Designation : |
Businees Unit Head – Speciality Products |
|
|
|
|
Name : |
N.V. Chalapathi Rao |
|
Designation : |
Chief Administrative Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Bayer ( |
21316699 |
|
Bayer |
1 |
|
Bayer |
1 |
|
|
|
|
Total |
21316701 |
|
Names of Preference Shareholders |
No. of Shares |
|
Bayer Material Science Private Limited, India |
5000000 |
|
|
|
|
Total |
5000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Seller and Distribution of Pharma and Animal
Health Products and also Seller and Distribution of Diabetes Care Products. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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||||||||||||
|
Customers : |
Not Divulged
|
||||||||||||
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|
||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· HDFC Bank Limited ·
Union Bank of India |
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Plot YOY 14, Block EP, Sector V, Salt Lake Electronic
Complex, Bidhan Nagar, Kolkata – 700091, West Bengal, India |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate Holding company : |
Bayer AG, Germany |
|
|
|
|
Holding company : |
Bayer (South East Asia) Pte Limited, Singapore |
|
|
|
|
Parties under Common Control * : |
·
AgraQuest Inc., U.S.A. ·
Bayer (Malaysia) Sdn. Bhd., Malaysia ·
Bayer Animal Health GmbH, Germany ·
Bayer Australia Limited, Australia ·
Bayer BioScience Private Limited, India ·
Bayer Business Services GmbH, Germany ·
Bayer Business Services Private Limited, India
(merged with Bayer MaterialScience Private Limited, India effective from
April 1, 2013) ·
Bayer Consumer Care AG, Switzerland ·
Bayer CropScience Limited, India ·
Bayer Direct Services GmbH, Germany ·
Bayer El Salvador, El Salvador ·
Bayer HealthCare AG, Germany ·
Bayer Healthcare Limited, Hong Kong ·
Bayer HealthCare LLC, U.S.A. ·
Bayer Korea Limited, Korea ·
Bayer MaterialScience Private Limited, India ·
Bayer New Zealand Limited, New Zealand ·
Bayer Pharma AG, Germany ·
Bayer Thai Company Limited, Thailand ·
Bayer Vapi Private Limited, India (formerly Bilag
Industries Private Limited) ·
Bayer Vietnam Limited, Vietnam ·
KVP Pharma+Veterinar Produkte GmbH, Germany ·
Medrad Asia Pte Limited, Singapore ·
Nunhems India Private Limited, India * The list of parties above have been limited to those with whom
transactions have taken place during the year or balances are outstanding as
at the year-end. |
|
|
|
|
Enterprise where Key Managerial Personnel has significant influence : |
Bayer Zydus Pharma Private Limited, India |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22240000 |
Equity Shares |
Rs.10/- each |
Rs.222.400 Millions |
|
12000000 |
Preference Shares |
Rs.10/- each |
Rs.120.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.342.400
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21316701 |
Equity Shares |
Rs.10/- each |
Rs.213.167 Millions |
|
5000000 |
Preference Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.263.167
Millions |
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 |
263.200 |
263.200 |
263.200 |
|
(b) Reserves & Surplus |
152.200 |
91.000 |
123.800 |
|
(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) |
415.400 |
354.200 |
387.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
6.600 |
4.800 |
3.300 |
|
(d) long-term
provisions |
23.400 |
18.800 |
16.900 |
|
Total Non-current
Liabilities (3) |
30.000 |
23.600 |
20.200 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
173.300 |
50.000 |
187.400 |
|
(b) Trade
payables |
170.800 |
217.900 |
194.600 |
|
(c) Other current
liabilities |
69.500 |
43.300 |
60.400 |
|
(d) Short-term
provisions |
10.500 |
11.900 |
11.500 |
|
Total Current
Liabilities (4) |
424.100 |
323.100 |
453.900 |
|
|
|
|
|
|
TOTAL |
869.500 |
700.900 |
861.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5.300 |
9.400 |
10.900 |
|
(ii)
Intangible Assets |
3.400 |
15.700 |
19.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
4.900 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
200.000 |
200.000 |
0.000 |
|
(c) Deferred tax assets (net) |
24.100 |
0.000 |
25.700 |
|
(d) Long-term Loan and Advances |
69.300 |
51.700 |
25.100 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
302.100 |
276.800 |
85.600 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
250.300 |
280.100 |
347.700 |
|
(c) Trade
receivables |
228.200 |
108.900 |
376.500 |
|
(d) Cash
and cash equivalents |
29.900 |
17.900 |
16.900 |
|
(e)
Short-term loans and advances |
20.100 |
17.200 |
34.400 |
|
(f) Other
current assets |
38.900 |
0.000 |
0.000 |
|
Total
Current Assets |
567.400 |
424.100 |
775.500 |
|
|
|
|
|
|
TOTAL |
869.500 |
700.900 |
861.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1427.100 |
1498.800 |
1834.700 |
|
|
|
Other Operating Income & Other Income |
152.300 |
219.700 |
185.100 |
|
|
|
TOTAL |
1579.400 |
1718.500 |
2019.800 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
1521.400 |
1711.400 |
1699.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
58.000 |
7.100 |
320.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(3.200) |
39.900 |
119.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
61.200 |
(32.800) |
201.100 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
2.87 |
(1.54) |
9.43 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
|
|
|
|
Cash generated from operations |
|
|
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
4.29 |
(2.19) |
10.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.99 |
1.42 |
38.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.02 |
0.83 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
0.42 |
0.14 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.31 |
1.71 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
263.200 |
263.200 |
263.200 |
|
Reserves & Surplus |
123.800 |
91.000 |
152.200 |
|
Net
worth |
387.000 |
354.200 |
415.400 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
187.400 |
50.000 |
173.300 |
|
Total
borrowings |
187.400 |
50.000 |
173.300 |
|
Debt/Equity
ratio |
0.484 |
0.141 |
0.417 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
1834.700 |
1498.800 |
1427.100 |
|
|
|
(18.308) |
(4.784) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
1834.700 |
1498.800 |
1427.100 |
|
Profit |
201.100 |
(32.800) |
61.200 |
|
|
10.96% |
(2.19%) |
4.29% |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
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 |
NOTE:
The registered office of the company has been shifted from Bayer House,
Central Avenue, Hiranandani Gardens, Powai, Mumbai - 400076, Maharashtra, India
to the present w.e.f.01.06.2013
OPERATIONS DURING THE YEAR:
During the year, subject has earned a total income of Rs.1579.400 Millions (previous year Rs.1718.500 Millions) which includes Other Operating Income and Other Income of Rs.152.300 Millions (previous financial period Rs. 219.700 Millions). After meeting the operative expenses, subject’s profit before tax is Rs.58.000 Millions (as compared to loss of Rs.7.100 Millions in the previous financial year).
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Loans repayable
on demand from banks |
81.300 |
50.000 |
|
Intercorporate
deposits |
92.000 |
0.000 |
|
|
|
|
|
Total |
173.300 |
50.000 |
NO CHARGES EXIST FOR COMPANY.
FIXED ASSETS:
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Goodwill
· Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 63.57 |
|
UK Pound |
1 |
Rs. 100.94 |
|
Euro |
1 |
Rs. 72.32 |
INFORMATION DETAILS
|
Information Gathered
by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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.