MIRA INFORM REPORT
|
Report No. : |
312257 |
|
Report Date : |
23.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE NIDHI PHARMA |
|
|
|
|
Registered
Office : |
No.7, 6th Cross, 1st Main Road, Bangalore – 560 027,
Karnataka |
|
Tel. No.: |
91-80-22120700/ 22111188 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Year of
Establishment: |
1999 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.48.744 Million |
|
|
|
|
Company Registered
No.: |
29980137795 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
Tin No.: |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
ANAPS4444F |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Distributor of Pharmaceutical Products. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern engaged in the business
as a distributor of pharmaceutical product having satisfactory track record. The company is progressing well. General financial position of the
concern is sound. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. The concern can 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 – 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 |
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. Vishwanatha Setty |
|
Designation : |
Proprietor |
|
Contact No.: |
91-80-22120700 |
|
Mobile No.: |
91- 9980140440 |
|
Date : |
22.04.2015 |
LOCATIONS
|
Registered Office : |
No.7, 6th Cross, 1st Main Road, Bangalore – 560
027, Karnataka, India |
|
Tel. No.: |
91-80-22120700/ 22111188 |
|
Mobile No.: |
91-9980140440 (Mr. Vishwanatha Setty) |
|
Fax No.: |
91-80-22111199 |
|
E-Mail : |
|
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Vishwanatha Setty |
|
Designation : |
Proprietor |
|
Address: |
No.4, 2nd Floor, Basappa Road, Shanty Nagar, Bangalore,
Karnataka, India |
|
Date of Birth |
01.10.1971 |
|
Qualification |
B. Pharma |
|
Experience |
20 Years |
|
PAN No.: |
ANAPS4444F |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Pharmaceutical Products. |
|
|
|
|
Products : |
Pharmaceutical Products |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Advance Payment, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Advance Payment, Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
K M Arun Upadhyay and Company Chartered Accountants |
|
Address : |
No.1, 1st Floor, 2nd Main Opposite Bank,
Chamarajpete, Bangalore – 560018 , Karnataka, India |
|
Tel No.: |
91-80-26619296 |
|
Mobile No.: |
91-9243106355 |
|
Email: |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: |
Not Divulged |
CAPITAL STRUCTURE
AS ON 31.03.2015
PROPRIETOR’S CAPITAL ACCOUNT
|
PARTICULARS |
Amount [Rs. In Million] |
|
|
|
As per Last
Balance Sheet |
35.465 |
|
|
|
Add: Profit for
the year |
15.816 |
51.281 |
|
|
|
|
|
|
|
Less: Drawings |
2.539 |
(2.539) |
|
|
|
|
|
|
|
Total |
|
48.744 |
|
FINANCIAL DATA
[All figures are
in Rupees Million]
BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
PROPRIETOR’S FUNDS |
|
|
|
|
|
1] Proprietor Capital |
48.744 |
35.467 |
27.641 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Profit and Loss A/C |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
48.744 |
35.467 |
27.641 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
48.744 |
35.467 |
27.641 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.136 |
6.461 |
7.139 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.029
|
5.315 |
14.513 |
|
|
Sundry Debtors |
97.862
|
83.966 |
89.372 |
|
|
Cash & Bank Balances |
7.525
|
9.585 |
2.271 |
|
|
Other Current Assets |
3.000
|
3.105 |
0.013 |
|
|
Loans & Advances |
11.225
|
40.083 |
9.372 |
|
Total
Current Assets |
129.641
|
142.054 |
115.541 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
47.108
|
43.144 |
67.809 |
|
|
Other Current Liabilities |
39.925
|
69.904 |
27.230 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
87.033
|
113.048 |
95.039 |
|
|
Net Current Assets |
42.608
|
29.006 |
20.502 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
48.744 |
35.467 |
27.641 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
486.391 |
349.383 |
338.326 |
|
|
|
Other Income |
0.849 |
2.169 |
0.632 |
|
|
|
TOTAL |
487.240 |
351.552 |
338.958 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
442.565 |
320.959 |
314.015 |
|
|
|
Salary and Wages |
6.479 |
4.263 |
3.546 |
|
|
|
Rent |
0.475 |
0.475 |
0.431 |
|
|
|
Audit Fees |
0.035 |
0.030 |
0.030 |
|
|
|
Bank Charges and Interest |
0.419 |
0.351 |
0.247 |
|
|
|
Cash Discount |
0.000 |
0.000 |
2.126 |
|
|
|
Courier Charges |
0.335 |
0.274 |
0.224 |
|
|
|
Delivery Charges |
0.628 |
0.418 |
0.346 |
|
|
|
Discount Allowed |
4.959 |
3.430 |
0.479 |
|
|
|
Electricity Charges |
0.152 |
0.140 |
0.116 |
|
|
|
Interest Loans |
4.865 |
4.067 |
3.804 |
|
|
|
News Paper and Periodicals |
0.112 |
0.093 |
0.076 |
|
|
|
Office Maintenance |
0.420 |
0.281 |
0.057 |
|
|
|
Petrol Expenses |
1.254 |
0.901 |
0.748 |
|
|
|
Pooja Expenses |
0.084 |
0.065 |
0.054 |
|
|
|
Telephone Charges |
0.372 |
0.284 |
0.226 |
|
|
|
Printing and Stationery |
0.245 |
0.201 |
0.159 |
|
|
|
Professional Tax |
0.003 |
0.003 |
0.003 |
|
|
|
Sales Promotion |
2.455 |
1.597 |
0.704 |
|
|
|
Staffs Sales Commission |
3.284 |
2.495 |
1.457 |
|
|
|
Staff Welfare |
0.325 |
0.219 |
0.174 |
|
|
|
Travelling and Conveyance |
0.419 |
0.275 |
0.210 |
|
|
|
Insurance |
0.270 |
0.181 |
0.117 |
|
|
|
Repair and Maintenance |
0.326 |
0.194 |
0.148 |
|
|
|
Miscellaneous Expenses |
0.619 |
0.398 |
0.217 |
|
|
|
Property Tax |
0.000 |
0.008 |
0.000 |
|
|
|
TOTAL |
471.100 |
341.602 |
329.713 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION AND AMORTISATION |
16.140 |
9.950 |
9.245 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION AND
AMORTISATION |
0.325 |
0.382 |
0.371 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
15.815 |
9.568 |
8.874 |
|
The above information has been parted by Mr. Vishwanatha Setty
(Proprietor).
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.25
|
2.74 |
2.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
32.45 |
26.98 |
32.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.26 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49
|
1.26 |
1.22 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Proprietor Capital |
27.641 |
35.467 |
48.744 |
|
Profit and Loss |
0.000 |
0.000 |
0.000 |
|
Net worth |
27.641 |
35.467 |
48.744 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
338.326 |
349.383 |
486.391 |
|
|
|
3.268 |
39.214 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
338.326 |
349.383 |
486.391 |
|
Profit |
8.874 |
9.568 |
15.815 |
|
|
2.62% |
2.74% |
3.25% |
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 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
No |
|
26] |
Buyer visit details |
Yes |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
[RS.
IN MILLION]
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
|
PROPRIETOR FUNDS |
|
|
|
|
|
1] Proprietor Capital |
|
|
66.143 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Profit and Loss A/C |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
66.143 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
66.143 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.885 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
13.458 |
|
|
Sundry Debtors |
|
|
110.674 |
|
|
Cash & Bank Balances |
|
|
9.312 |
|
|
Other Current Assets |
|
|
3.000 |
|
|
Loans & Advances |
|
|
13.460 |
|
Total
Current Assets |
|
|
149.904 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
48.943 |
|
|
Other Current Liabilities |
|
|
40.703 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
89.646 |
|
|
Net Current Assets |
|
|
60.258 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
66.143 |
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED
PROFIT AND LOSS ACCOUNT
[RS.
IN MILLION]
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
535.229 |
|
|
|
Other Income |
|
|
1.025 |
|
|
|
TOTAL |
|
|
536.254 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
486.479 |
|
|
|
Salary and Wages |
|
|
7.107 |
|
|
|
Rent |
|
|
0.504 |
|
|
|
Audit Fees |
|
|
0.035 |
|
|
|
Bank Charges and Interest |
|
|
0.484 |
|
|
|
Cash Discount |
|
|
0.000 |
|
|
|
Courier Charges |
|
|
0.379 |
|
|
|
Delivery Charges |
|
|
0.795 |
|
|
|
Discount Allowed |
|
|
5.648 |
|
|
|
Electricity Charges |
|
|
0.168 |
|
|
|
Interest Loans |
|
|
5.019 |
|
|
|
News Paper and Periodicals |
|
|
0.125 |
|
|
|
Office Maintenance |
|
|
0.479 |
|
|
|
Petrol Expenses |
|
|
1.309 |
|
|
|
Pooja Expenses |
|
|
0.097 |
|
|
|
Telephone Charges |
|
|
0.398 |
|
|
|
Printing and Stationery |
|
|
0.265 |
|
|
|
Professional Tax |
|
|
0.003 |
|
|
|
Sales Promotion |
|
|
2.619 |
|
|
|
Staffs Sales Commission |
|
|
3.422 |
|
|
|
Staff Welfare |
|
|
0.349 |
|
|
|
Travelling and Conveyance |
|
|
0.455 |
|
|
|
Insurance |
|
|
0.284 |
|
|
|
Repair and Maintenance |
|
|
0.340 |
|
|
|
Miscellaneous Expenses |
|
|
0.641 |
|
|
|
TOTAL |
|
|
517.404 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION |
|
|
18.850 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
0.251 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
18.599 |
|
------------------------------------------------------------------------------------------------------------------------------
COMPANY PROFILE
Shree Nidhi Pharma (Pharmaceutical Products) is located at 7 1st Main Road, Sampangiram nagar, Bangalore - 560027, Karnataka (South), India.
Shree Nidhi Pharma Phone Number is (91-9980140440)
Cancer Drugs Distributors
They started their Sgree Nidhi Pharma in 1999 as a proprietary concern.
They are in the business of distributor business of medicine and surgical goods.
Vishwanatha Setty is proprietor of this company.
SUPPLIER:
- Dabour Pharma Limited
- Aditya MEdicales limited
COSTUMER:
CG Pharma Limited
FIXED ASSETS:
·
Aluminium Fabrications
·
Bajaj Ct 100 Bike
·
Chevrolet Spark
·
Cold Room
·
Computers
·
Eureka Forbes
·
Godrej refrigerator
·
Hero Honda Bike
·
Honda City car
·
Honda Eterno
·
Honda Activa
·
Maruti Swift
·
Printer
·
Suzuki Heat
·
Tvs XI
·
Ups
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.63.67 |
|
|
1 |
Rs.99.67 |
|
Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
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.