MIRA INFORM REPORT
|
Report No. : |
321931 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
TEVAPHARM INDIA PRIVATE LIMITED [w.e.f. 07.09.2011] |
|
|
|
|
Formerly Known
As : |
RATIOPHARM INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
M-3, Saket, New Delhi - 110017 |
|
Tel. No.: |
91-22-66412100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.12.2000 |
|
|
|
|
Com. Reg. No.: |
55-268478 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1114.438
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33111DL2000FTC268478 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR10449F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR7561F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of ayurvedic and allopathic. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (55) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having good track record. The rating reflects company sound financial risk profile marked by
healthy net worth position and decent profitability of the company. Company is operating on its own funds. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. The company can be considered normal 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 – 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 PARTED BY
|
Name : |
Ms. Bindu |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-66412107 |
|
Date : |
09.05.2015 |
LOCATIONS
|
Registered Office : |
M-3, Saket, New Delhi – 110017, India |
|
Tel. No.: |
91-22-66412100 |
|
Fax No.: |
91-22-25705991 |
|
E-Mail : |
|
|
Website: |
|
|
Area: |
1000 Sq ft |
|
Location: |
Owned |
|
|
|
|
Corporate Office: |
402, Omega, Hiranandani Garden, Powai, Mumbai-400076, Maharashtra,
India |
|
|
|
|
Factory: |
A1, Verna Industrial Estate, Phase 1A, Verna Salcette, Goa-403722,
India |
DIRECTORS
As on 28.06.2013
|
Name : |
Eyal Arieli |
|
Designation : |
Director |
|
Address : |
PO Box 101, Kfar Harif - 79830, Israel |
|
Date of Birth/Age : |
13.08.1961 |
|
Date of Appointment : |
04.10.2011 |
|
Din No.: |
03360084 |
|
|
|
|
Name : |
Mr. Eran Katz |
|
Designation : |
Director |
|
Address : |
Apartment 45206, Rakefet 10, Hod Hasharon, Israel |
|
Date of Birth/Age : |
30.09.1964 |
|
Date of Appointment : |
27.06.2012 |
|
Din No.: |
03588218 |
|
|
|
|
Name : |
Mr. Kapildev Sapra |
|
Designation : |
Director |
|
Address : |
M-34, Saket, New Delhi-110017, India |
|
Date of Birth/Age : |
05.08.1972 |
|
Date of Appointment : |
27.06.2012 |
|
Din No.: |
00130600 |
|
|
|
|
Name : |
Puru Aggarwal |
|
Designation : |
Director |
|
Address : |
19/702, Eastend Apartment, Mayur Vihar, Phase 1 Extension,
Delhi-110096, India |
|
Date of Birth/Age : |
03.01.1967 |
|
Date of Appointment : |
28.06.2013 |
|
Din No.: |
02519685 |
|
|
|
|
Name : |
Mr. Ramachandra Ganapati Naik |
|
Designation : |
Director |
|
Address : |
Row House, 9, Eternity, Kanakia Spaces, Teen Hath Naik, Thane-400602,
Maharashtra, India |
|
Date of Birth/Age : |
12.05.1954 |
|
Date of Appointment : |
28.06.2013 |
|
Din No.: |
00297009 |
KEY EXECUTIVES
|
Name : |
Mr. Ramesh Ramchand Sadani |
|
Designation : |
Secretary |
|
Address : |
71-A, Collectors Colony, Mahul Road, Chembur, Mumbai-400071,
Maharashtra, India |
|
Date of Birth/Age : |
24.07.1966 |
|
Date of Appointment : |
29.03.2005 |
|
Pan No.: |
AAKPS6202Q |
|
|
|
|
Name : |
Ms. Bindu |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.06.2013
|
Names of Shareholders |
No. of Shares |
% age |
|
Ratiopharm GmbH, Germany |
50000000 |
44.87 |
|
Teva Pharmaceutical Investment Singapore Pte Limited, Singapore |
61443750 |
55.13 |
|
TOTAL
|
111443750 |
100.00 |
As on 26.09.2014
|
Names of Allottees |
|
No. of Shares |
|
Teva Pharmaceutical Investment Singapore Pte Limited, Singapore |
|
90120000 |
|
TOTAL
|
|
90120000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.06.2013
|
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 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of ayurvedic and allopathic. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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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||||
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Selling : |
Cash and Credit (30,60,90 Days) |
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|
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|
Purchasing : |
Cash and Credit (30,60,90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End users, OEMS
|
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No. of Employees : |
500 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Associates LLP Chartered Accountants |
|
Address : |
A-14 Nanddham Building, 4th Floor, Bri Jdham Nanddham Co-Operative Housing Society, Society Bangur Nagar Goregaon (West), Mumbai-400090, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9118A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company: |
|
|
|
|
|
Ultimate Holding
company: |
|
|
|
|
|
Associate: |
|
CAPITAL STRUCTURE
As on 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Million |
|
150000000 |
Preferences Shares |
Rs.10/- each |
Rs.1500.000 Million |
|
|
|
|
|
|
|
TOTAL
|
|
Rs.3500.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
201563750 |
Equity Shares |
Rs.10/- each
|
Rs.2015.638
Million |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Million |
|
150000000 |
Preferences Shares |
Rs.10/- each |
Rs.1500.000 Million |
|
|
|
|
|
|
|
TOTAL
|
|
Rs.3500.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
111443750 |
Equity Shares |
Rs.10/- each
|
Rs.1114.438
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 (15 Months) |
31.12.2012 (12 Months) |
31.12.2011 (12 Months) |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1114.438 |
1114.438 |
500.000 |
|
(b) Reserves & Surplus |
1908.795 |
1683.809 |
369.498 |
|
(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) |
3023.233 |
2798.247 |
869.498 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
494.099 |
|
(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 |
0.842 |
12.602 |
5.846 |
|
Total
Non-current Liabilities (3) |
0.842 |
12.602 |
499.945 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
327.241 |
273.608 |
402.110 |
|
(c) Other current liabilities |
2199.645 |
521.700 |
246.455 |
|
(d) Short-term provisions |
43.361 |
123.775 |
0.534 |
|
Total
Current Liabilities (4) |
2570.247 |
919.083 |
649.099 |
|
|
|
|
|
|
TOTAL |
5594.322 |
3729.932 |
2018.542 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1491.054 |
1380.382 |
765.448 |
|
(ii) Intangible Assets |
1.710 |
1.295 |
0.000 |
|
(iii) Capital work-in-progress |
1318.187 |
85.738 |
38.228 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
172.459 |
99.900 |
64.191 |
|
(d) Long-term Loan and Advances |
724.220 |
50.597 |
43.050 |
|
(e) Other Non-current assets |
17.714 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3725.344 |
1617.912 |
910.917 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
322.324 |
328.735 |
715.112 |
|
(c) Trade receivables |
698.711 |
362.588 |
258.311 |
|
(d) Cash and cash equivalents |
658.533 |
1342.528 |
55.594 |
|
(e) Short-term loans and
advances |
165.525 |
75.604 |
77.019 |
|
(f) Other current assets |
23.885 |
2.565 |
1.589 |
|
Total
Current Assets |
1868.978 |
2112.020 |
1107.625 |
|
|
|
|
|
|
TOTAL |
5594.322 |
3729.932 |
2018.542 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 (15 Months) |
31.12.2012 (12 Months) |
31.12.2011 (12 Months) |
|
|
|
|
|
|
|
|
Income |
3570.695 |
3399.376 |
1472.452 |
|
|
Other Income |
|
|
|
|
|
TOTAL |
3570.695 |
3399.376 |
1472.452 |
|
|
|
|
|
|
|
Less |
EXPENSES |
2933.207 |
2520.422 |
1161.346 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
637.488 |
878.954 |
311.106 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.827 |
8.696 |
11.140 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
628.661 |
870.258 |
299.966 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
252.934 |
169.979 |
149.039 |
|
|
|
|
|
|
|
|
PROFIT FOR THE YEAR
BEFORE EXCEPTIONAL ITEM AND TAX |
375.727 |
700.279 |
150.927 |
|
|
|
|
|
|
|
|
LOSS OF ASSETS DUE
TO FIRE |
0.000 |
31.890 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
375.727 |
668.389 |
150.927 |
|
|
|
|
|
|
|
Less |
TAX |
150.741 |
214.291 |
37.388 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
224.986 |
454.098 |
113.539 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
823.597 |
369.499 |
255.959 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
1048.583 |
823.597 |
369.498 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
3345.876 |
3340.097 |
1446.255 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
NA |
406.268 |
|
|
Packing materials |
NA |
NA |
5.570 |
|
|
Capital Goods |
NA |
NA |
56.591 |
|
|
Stores and spares |
NA |
NA |
24.567 |
|
|
TOTAL
IMPORTS |
NA |
NA |
492.996 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.02 |
4.07 |
NA |
Expected Sales (2014-2015) : Rs.4000.000 Million
The above information has been parted by Ms. Bindu
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (15 Months) |
31.12.2012 (12 Months) |
31.12.2011 (12 Months) |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.16 |
18.86 |
7.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.24 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.73 |
2.30 |
1.71 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
500.000 |
1114.438 |
1114.438 |
|
Reserves & Surplus |
369.498 |
1683.809 |
1908.795 |
|
Net
worth |
869.498 |
2798.247 |
3023.233 |
|
|
|
|
|
|
long-term borrowings |
494.099 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
494.099 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.568 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1472.452 |
3399.376 |
3570.695 |
|
|
|
130.865 |
5.040 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1472.452 |
3399.376 |
3570.695 |
|
Profit |
113.539 |
454.098 |
224.986 |
|
|
7.71% |
13.36% |
6.30% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 (15 Months) |
31.12.2012 (12 Months) |
31.12.2011 (12 Months) |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
586.427 |
516.259 |
0.000
|
|
|
|
|
|
|
Total |
586.427 |
516.259 |
0.000
|
|
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 |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
|
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 |
No |
NOTE: Registered office of the company has been shifted from 402, Omega, Hiranandani Garden, Powai, Mumbai-400076, Maharashtra, India to the present address.
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
OPERATIONS
The Company has achieved a total income of Rs. 3.571 Million in the current fifteen months period compared to Rs. 3.399 Million in the previous twelve months period, from export of pharma products and R and D Pharma and Technical Services. For the fifteen months period, the profit after tax (in 000’s) was Rs. 0.225 Million as against Rs. 0.454 Million in the previous twelve months period.
The Company has agreements in place to charge its customers at Cost plus 16% mark-up on the sale of products and services. During the period the Company has booked excess margin of Rs. 1.167 Million due to favourable material costs, exchange fluctuations and other factors which were erroneously omitted to be adjusted in the transfer prices applied to the customer invoices. The same has been corrected by reversing sales / service income and shown as a liability to comply with the agreements that are in place.
The construction of the plant at Sanand, Ahmedabad for manufacturing Over-the-Counter formulations, has progressed well during the current period. The commercial production is likely to begin in the second half of the financial year 2014-15.
The Company has shifted its registered office from the State of Maharashtra to the State of Delhi and has received the Certificate of registration from the Registrar of Companies, Delhi on 7th July, 2014.
With effect from the current financial period, the Company has changed its accounting year from year ended 31st December to 31st March.
Accordingly, the financial statements are prepared for a period of fifteen months from 1st January 2013 to 31st March 2014. Hence, the figures for current accounting period are not comparable with those of the previous accounting year
FIXED ASSETS
Tangible assets
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
- Other equipments
- Office equipment
Intangible assets
- 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,
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.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
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 |
7 |
|
--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 |
|
55 |
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.