IRA INFORM REPORT
|
Report No. : |
321331 |
|
Report Date : |
08.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CYBELE HERBAL LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Door No 40/, 1045G, 5th Floor, Amrutha Towers, KPCC Junction, M G Road,
Ernakulam – 682011, Kerala |
|
Tel. No.: |
91-9847622342 (Mr. Rashree Kumar) |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.12.1997 |
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Com. Reg. No.: |
011963 |
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Capital Investment
/ Paid-up Capital : |
Rs.4.547 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85199KL1997PTC011963 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Trader of Ayurvedic Tablets. |
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|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B () |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 760000 |
|
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|
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track. As per registrar of companies the date of balance sheet (i.e. financial
filed) shown as 31.03.2014 but document related to financial are not
available from any source. Mr. Rashree Kumar, denied to disclose any information to us. The company has reported minimal sales turnover and topline of the
company has declined from Rs5.393 Million to Rs.2.227 Million during 2013 and
company has incurred losses from its operational activities. However, networth profile of the company is decent with debt to equity
ratio of 0.069 times. As per the status shown in the registrar of companies business appears
to be active. Payments are reported to be unknown. However, trade relations are reported as fair. Business is active.
Payment terms are reported as slow but correct. In view of absence of latest financial information backed by net
losses from its operations, the company can be considered for business
dealings with graet caution. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 DENIED BY
|
Name : |
Mr. Rashree Kumar |
|
Contact No.: |
91-9847622342 |
|
Date : |
08.05.2015 |
LOCATIONS
|
Registered Office / Factory : |
Door No 40/, 1045G, 5th Floor, Amrutha Towers, KPCC Junction, M G
Road, Ernakulam – 682011, Kerala, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9847622342 (Mr. Rashree Kumar) |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Padinjarethalakkal Nanuezhuthassan Balaram |
|
Designation : |
Director |
|
Address : |
Nirmalyam, Green Park, Thrissur - 680018, Kerala, India |
|
Date of Birth/Age : |
31.05.1959 |
|
Date of Appointment : |
01.09.2000 |
|
DIN No.: |
01665424 |
|
|
|
|
Name : |
Chemmangattuvalappil Balakrishnan Mini |
|
Designation : |
Director |
|
Address : |
H No: 35/273, 'Nirmalyam', Mamangalam, Palarivattom Po, Ernakulam - 682025, Kerala, India |
|
Date of Birth/Age : |
21.12.1967 |
|
Date of Appointment : |
15.12.1997 |
|
DIN No.: |
03163901 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Chemmangattuvalappil Balakrishnan Mini |
|
40270 |
|
Padinjarethalakkal Nanuezhuthassan Balaram |
|
5000 |
|
C Balakrishnan |
|
100 |
|
V Krishnan |
|
100 |
|
|
|
|
|
Total |
|
45470 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Ayurvedic Tablets. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : AS ON 31.03.2013
|
Particulars |
Unit |
|
Licensed
Capacity |
Installed
Capacity |
|
Ayurvedic Tablets |
Nos. |
|
-- |
700000 |
GENERAL INFORMATION
|
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 : |
S M Bahauddin and Company Chartered Accountants |
|
Address : |
Habib Manzil, VII/60, Friends Colony, Thiruvankulam, Cochin – 682305,
Kerala, India |
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Tel. No.: |
91-484-2786416 / 2786231 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AATPB3468Q |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45,470 |
Equity Shares |
Rs.100/- each |
Rs.4.547
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.547 |
4.547 |
4.547 |
|
(b) Reserves &
Surplus |
259.861 |
282.895 |
309.954 |
|
(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) |
264.408 |
287.442 |
314.501 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
18.052 |
28.870 |
28.257 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
29.996 |
6.257 |
1.872 |
|
(d) long-term provisions |
5.233 |
5.233 |
5.233 |
|
Total Non-current
Liabilities (3) |
53.281 |
40.360 |
35.362 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.000 |
0.040 |
0.023 |
|
(c) Other current
liabilities |
4.154 |
0.144 |
0.054 |
|
(d) Short-term provisions |
0.219 |
0.243 |
0.222 |
|
Total Current Liabilities
(4) |
4.373 |
0.427 |
0.299 |
|
|
|
|
|
|
TOTAL |
322.062 |
328.229 |
350.162 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
293.116 |
314.210 |
338.086 |
|
(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 |
21.459 |
1.659 |
1.659 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.242 |
2.227 |
2.227 |
|
(e) Other Non-current
assets |
4.910 |
9.029 |
5.885 |
|
Total Non-Current Assets |
321.727 |
327.125 |
347.857 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.255 |
1.071 |
2.196 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.045 |
|
(d) Cash and cash
equivalents |
0.080 |
0.033 |
0.064 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
0.335 |
1.104 |
2.305 |
|
|
|
|
|
|
TOTAL |
322.062 |
328.229 |
350.162 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
2.227 |
5.392 |
4.898 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
25.345 |
32.451 |
35.982 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(23.118) |
(27.059) |
(31.084) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(23.118) |
(27.059) |
(31.084) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1.883 |
4.958 |
4.299 |
|
|
Other |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
1.883 |
4.958 |
4.299 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(508.43) |
(595.10) |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
-7.69 |
-8.29 |
-8.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
-0.09 |
-0.09 |
-0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07 |
0.10 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.08 |
2.59 |
7.71 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
4.547 |
4.547 |
4.547 |
|
Reserves & Surplus |
309.954 |
282.895 |
259.861 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
314.501 |
287.442 |
264.408 |
|
|
|
|
|
|
long-term borrowings |
28.257 |
28.870 |
18.052 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
28.257 |
28.870 |
18.052 |
|
Debt/Equity ratio |
0.090 |
0.100 |
0.068 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
4.898 |
5.392 |
2.227 |
|
|
|
10.086 |
-58.698 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
4.898 |
5.392 |
2.227 |
|
Profit/Loss |
(31.084) |
(27.059) |
(23.118) |
|
|
(634.63%) |
(501.84%) |
(1038.08%) |
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 |
No |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
Yes |
LITIGATION DETAILS
|
KERALA HIGH COURT
Case Status : PENDING
|
INDEX OF CHARGES :
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90021139 |
23/09/2005 |
2,500,000.00 |
THE ERNAKULAM DISTRICT CO-OPERATIVE BANK LTD. |
ERNAKULAM MAIN BRANCH, COCHIN, KERALA - 682016, IN |
- |
|
2 |
90018472 |
06/03/2014 * |
40,000,000.00 |
THE ERNAKULAM DISTRICT CO-OPERATIVE BANK LTD |
ERNAKULAM MAIN BRANCH, CHITTOR ROAD, COCHIN, KERA |
C01004019 |
|
3 |
90018319 |
18/12/2001 * |
9,000,000.00 |
ERNAKULAM DISTRICT CO-OPERATIVE BANK LTD. |
ERNAKULAM MAIN BRANCH, CHITTOR ROAD, COCHIN, KERA |
* Date of charge modification
OPERATIONS [AS ON
31.03.2013]
During the year 2012 – 2013, the sales were Rs.2.227 Million as against Rs.5.392 Million in the previous year. The loss before tax was Rs.23.118 Million as against a loss of Rs.27.059 Million in the previous year.
FIXED ASSETS
- Air Conditioner
- Computer
- Furniture and Fitting
- Vehicle
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.63.89 |
|
|
1 |
Rs.97.21 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.