MIRA INFORM REPORT
|
Report No. : |
322005 |
|
Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CATAPHARMA CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
28 Trimbaks M Path, |
|
Tel No. : |
91-253-2466149 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.04.1989 |
|
|
|
|
Com. Reg. No.: |
11-051439 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 5.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1989PTC051439 |
|
|
|
|
IEC No.: |
3193000876 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKC00232B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC7365B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of chemicals which is used as
intermediates in pharmaceutical industry. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
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 |
|
|
|
|
Comments : |
Subject is a well-established company having fine track. The company has reported another good financial year performance. The exports
grew by 82% over previous year. The company has shown decent increase in its
profitability during FY2014. Moreover, the company has good financial risk
profile marked by healthy net worth and comfortable liquid position. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitments. In the view of aforesaid, subject 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.
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 : |
Mr. Shrikant L.Karwa |
|
Designation : |
Director |
|
Contact No.: |
91-9422258349 |
|
Date : |
11.05.2015 |
LOCATIONS
|
Registered Office : |
28 Trimbaks M Path, |
|
Tel. No.: |
91-253-2466149 |
|
Mobile No. : |
91-9422258349 (Mr. Shrikant L. Karwar) |
|
Fax No.: |
91-253-2465149 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Shrikant Laxminarayan Karwa |
|
Designation : |
Managing director |
|
Address : |
E-14, Ashok Vihar, |
|
Date of Birth/Age : |
26.02.1960 |
|
Date of Appointment : |
20.04.1989 |
|
|
|
|
Name : |
Mr. Pravin Shriram Marawar |
|
Designation : |
Director |
|
Address : |
Plot No.6, Anand Nagar, Thorat Mala, |
|
Date of Birth/Age : |
30.09.1961 |
|
Date of Appointment : |
20.04.1989 |
|
|
|
|
Name : |
Mr. Yogesh Brijmohan Mundra |
|
Designation : |
Director |
|
Address : |
A-304, Tanishq Park, Opposite Philomena School, Jail Road, |
|
Date of Birth/Age : |
21.03.1976 |
|
Date of Appointment : |
01.09.2004 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on3 30.09.2014
Note:
Shareholding Details File Attached
As on3 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
20.00 |
|
Directors or relatives of Directors |
68.00 |
|
Other top fifty shareholders |
12.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of chemicals which is used as
intermediates in pharmaceutical industry. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Chemicals |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/60/90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users and OEM’s
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Pravin R Rathi And Associates Chartered Accountant |
|
Address : |
212, Sarda Sankul, M.G. Road, Nashik – 422001, Maharashtra, India |
|
PAN No.: |
AAMFP4058K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates and Joint Venture : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000
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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
106.103 |
75.227 |
69.384 |
|
(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) |
111.103 |
80.227 |
74.384 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
95.425 |
92.556 |
87.638 |
|
(b) Deferred tax liabilities
(Net) |
5.495 |
5.518 |
4.861 |
|
(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) |
100.920 |
98.074 |
92.499 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
42.699 |
37.201 |
23.009 |
|
(b) Trade payables |
45.818 |
47.516 |
43.891 |
|
(c) Other current liabilities |
17.023 |
10.068 |
5.140 |
|
(d) Short-term provisions |
3.687 |
3.875 |
1.906 |
|
Total
Current Liabilities (4) |
109.227 |
98.660 |
73.946 |
|
|
|
|
|
|
TOTAL |
321.250 |
276.961 |
240.829 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
60.908 |
64.835 |
60.996 |
|
(ii) Intangible Assets |
0.080 |
0.052 |
0.071 |
|
(iii) Capital work-in-progress |
95.397 |
50.063 |
37.499 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.245 |
17.511 |
3.091 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
161.630 |
132.461 |
101.657 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
76.065 |
94.814 |
99.309 |
|
(c) Trade receivables |
65.685 |
37.907 |
16.621 |
|
(d) Cash and cash equivalents |
5.422 |
3.907 |
2.961 |
|
(e) Short-term loans and
advances |
12.177 |
7.596 |
20.141 |
|
(f) Other current assets |
0.271 |
0.276 |
0.140 |
|
Total
Current Assets |
159.620 |
144.500 |
139.172 |
|
|
|
|
|
|
TOTAL |
321.250 |
276.961 |
240.829 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
321.228 |
254.944 |
210.726 |
|
|
Other Income |
8.729 |
2.841 |
0.533 |
|
|
TOTAL |
329.957 |
257.785 |
211.259 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
266.736 |
231.471 |
168.345 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
63.221 |
26.314 |
42.914 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.893 |
10.182 |
8.567 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
56.328 |
16.132 |
34.347 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.825 |
7.962 |
6.521 |
|
|
|
|
|
|
|
Less |
Exceptional
Item |
2.071 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
46.432 |
8.170 |
27.826 |
|
|
|
|
|
|
|
Less |
TAX |
15.558 |
2.327 |
9.170 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
30.874 |
5.843 |
18.656 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
189.407 |
99.294 |
28.344 |
|
|
|
|
|
|
|
|
CIF
VALUE OF IMPORTS |
119.366 |
144.330 |
109.959 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
61.75 |
11.69 |
37.31 |
Expected Sales (2014-2015) : Rs. 450.000 Million
The above information has been parted by Mr. Shrikant L. Karwa
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
9.61 |
2.29 |
8.85 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
19.68 |
10.32 |
20.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.56 |
3.60 |
13.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.10 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.24 |
1.62 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46 |
1.46 |
1.88 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
69.384 |
75.227 |
106.103 |
|
Net
worth |
74.384 |
80.227 |
111.103 |
|
|
|
|
|
|
long-term borrowings |
87.638 |
92.556 |
95.425 |
|
Short term borrowings |
23.009 |
37.201 |
42.699 |
|
Total
borrowings |
110.647 |
129.757 |
138.124 |
|
Debt/Equity
ratio |
1.488 |
1.617 |
1.243 |
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 |
210.726 |
254.944 |
321.228 |
|
|
|
20.984 |
25.999 |
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 |
210.726 |
254.944 |
321.228 |
|
Profit |
18.656 |
5.843 |
30.874 |
|
|
8.85% |
2.29% |
9.61% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT = NOT AVAILABLE
|
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 |
Yes |
|
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) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
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 |
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 |
REVIEW OF OPERATION:
Revenue from operation were Rs. 321.228 as
against Rs. 254.944 Million for the previous year. Exports for the current year
have gone up by 82% over previous year. The profit before tax (after interest
and depreciation) was Rs. 46.433 Million against previous year of Rs. 8.170
Million and profit for the year after tax was Rs. 30.875 Million for the
financial year under review as against Rs. 5.843 Million for the previous
financial year. Looking at export performance in the current and previous
years, company has applied to DGFT for getting status of Export House. Company
shall be introducing new products in the market and more efforts will be put to
increase the productivity, control costs, improve the quality and delivery of
product and also strive to design/modify the plants per GmP guidelines. Company
shall continue participating/putting up stall at various international exhibitions
to explore international markets.
CORPORATE INFORMATION
The company is into manufacturing of chemicals
which is used as intermediates in pharmaceutical industry. Operating cycle of
company is around 4-5 months considering the time cycle for procurement of
imported raw materials and peculiarity of manufacturing process.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related party |
89.613 |
85.072 |
|
Loan and advances from financial institution |
0.000 |
1.343 |
|
Sales Tax loan from state government |
5.812 |
6.141 |
|
|
|
|
|
Total |
95.425 |
92.556 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90234938 |
24/03/2003 |
12,500,000.00 |
STATE BANK OF INDIA |
SATPUR IND. BRANCH,
SATPUR, NASIK, Maharashtra - |
- |
|
2 |
80066118 |
20/12/2004 * |
65,000,000.00 |
State Bank of India |
Satpur Industrial Branch, Nashik, Nashik, Maharashtra - 422101, INDIA |
- |
|
3 |
90234752 |
24/03/2003 * |
22,500,000.00 |
STATE BANK OF INDIA |
SATPUR IND. BRANCH,
SATPUR, NASIK, Maharashtra - |
- |
|
4 |
90236071 |
04/12/2004 * |
22,500,000.00 |
STATE BANK OF INDIA |
SATPUR INDUSTRIAL BRANCH, SATPUR, MUMBAI, Maharashtra, INDIA |
- |
|
5 |
90237418 |
15/03/2001 |
22,500,000.00 |
STATE BANK OF INDIA |
SATPUR IND. BRANCH,
SATPUR, NASIK, Maharashtra - |
- |
|
6 |
90232783 |
24/03/2003 * |
28,000,000.00 |
STATE BANK OF INDIA |
SATPUR IND. BRANCH,
SATPUR, NASIK, Maharashtra - |
- |
|
7 |
90234741 |
15/02/2001 |
4,500,000.00 |
STATE BANK OF INDIA |
SATPUR IND. BRANCH,
SATPUR, NASIK, Maharashtra - |
- |
|
8 |
90235486 |
12/11/1998 * |
2,090,000.00 |
STATE BANK OF INDIA |
SATPUR INDUSTRIAL ESTATE AREA, SATPUR, NASIK, Maharashtra - 422007, INDIA |
- |
|
9 |
90235435 |
21/02/1990 |
6,900,000.00 |
THE STATE
INDUSTRIAL & INVESTMENT CO. OF MAHARASHT |
NIRMAL IST FLOOR, MUMBAI, Maharashtra, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and machinery
- Furniture and
Fixtures
- Office Equipment
- Motor 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 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.63.85 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.71.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.