MIRA INFORM REPORT
|
Report No. : |
348163 |
|
Report Date : |
03.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GANGWAL CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
706-707, Quantum Tower, Rambagh Lane, Behind State Bank of India, Malad (West), Mumbai – 400064, Maharashtra |
|
Tel. No.: |
91-22-28889000 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
10.11.1987 |
|
|
|
|
Com. Reg. No.: |
11-045235 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 4.207 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1987PTC045235 |
|
|
|
|
IEC No.: |
0301038571 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG10016G |
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|
|
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PAN No.: [Permanent Account No.] |
AAACG1463E |
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|
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Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer, Exporter and Importer of Pharmaceutical Ingredients. |
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|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject was established in the year 1987 and it is a manufacturer,
exporter and importer of pharmaceutical ingredients. For the financial year ended 2014, company has reported 26.86% sales
turnover growth as compared to previous sales turnover and it has maintained
above average profitability margins at 2.52% during the year under a review. Rating takes into consideration company’s satisfactory financial
profile marked by its above average networth base along with sound debt
protection indicators and favorable gap between trade payables to its
receivables. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of aforesaid, the company can be considered 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
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Prashant Shirsolla |
|
Designation : |
Account Head |
|
Contact No.: |
91-22-28889000 |
|
Date : |
31.10.2015 |
LOCATIONS
|
Registered / Corporate Office : |
706-707, Quantum Tower, Rambagh Lane, Behind State Bank of India, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-28889000 |
|
Fax No.: |
91-22-28835347 |
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E-Mail : |
|
|
Website : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
N 5, MIDC, Tarapur, |
|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
4/33/34, Malad Co-Operative Society Limited, 7, Poddar Park, Malad
(East), Mumbai – 400097, Maharashtra, India |
|
Tel. No.: |
91-22-28836565 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Kailash Chandra Nemichand Jain |
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Designation : |
Director |
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Address : |
4/33, Malad Co-Operative Housing Society, 7, |
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Date of Birth/Age : |
11.06.1934 |
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Qualification : |
M. Pharma |
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Date of Appointment: |
22.11.2001 |
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DIN No.: |
00021239 |
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|
Other
Directorship:
|
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||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Prasad Ganpatrao Anaokar |
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Designation : |
Director |
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Address : |
11, Alankar, 1st Floor, 40, |
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Date of Birth/Age : |
20.01.1954 |
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Date of Appointment: |
24.12.2009 |
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DIN No.: |
02903259 |
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KEY EXECUTIVES
|
Name : |
Mr. Prashant Shirsolla |
|
Designation : |
Account Head |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Kailashchandra N Jain |
110 |
0.03 |
|
Anil Jain |
420500 |
99.95 |
|
Premlata Jain |
110 |
0.03 |
|
|
|
|
|
Total |
420720 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Pharmaceutical Ingredients. |
|
|
|
|
Products : |
·
Excipients ·
Nutraceuticals ·
Active Pharmaceutical Ingredients ·
Amino Acids ·
Sweeteners ·
Herbal Extracts ·
Drugs and Pharmaceuticals |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Pharmaceutical Excipients |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit (30 / 60 / 90 Days) |
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|
|
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Purchasing : |
Cash, Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
·
Fuji Chemicals, Japan |
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Customers : |
End Users, OEMs
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No. of Employees : |
100 (Approximately) |
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Bankers : |
·
State
Bank of India, Industrial Finance Branch, Malad (East), Mumbai – 400064,
Maharashtra, India |
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Sunil M. Jain and Associates Chartered Accountants |
|
Address : |
Shop No. 3, Regency, Datta Mandir Road, Malad (East), Mumbai – 400097,
Maharashtra, India |
|
PAN No.: |
AABPJ3708M |
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|
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates / Subsidiaries : |
·
S. A. Pharmachem Private Limited, India ·
Chinay Logistics Private Limited, India ·
Sadguru Marketing |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
420720 |
Equity Shares |
Rs.10/- each |
Rs.4.207 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 |
4.207 |
4.207 |
4.207 |
|
(b) Reserves & Surplus |
67.204 |
51.929 |
45.368 |
|
(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) |
71.411 |
56.136 |
49.575 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.531 |
0.515 |
0.371 |
|
(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) |
0.531 |
0.515 |
0.371 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
75.163 |
100.757 |
86.606 |
|
(b) Trade
payables |
105.746 |
50.446 |
46.547 |
|
(c) Other current
liabilities |
45.854 |
13.248 |
1.206 |
|
(d) Short-term
provisions |
16.426 |
10.676 |
14.348 |
|
Total Current
Liabilities (4) |
243.189 |
175.127 |
148.707 |
|
|
|
|
|
|
TOTAL |
315.131 |
231.778 |
198.653 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
41.158 |
38.009 |
38.418 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
41.158 |
38.009 |
38.418 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.007 |
0.007 |
0.007 |
|
(b)
Inventories |
60.890 |
59.270 |
42.946 |
|
(c) Trade
receivables |
155.923 |
84.792 |
60.166 |
|
(d) Cash
and cash equivalents |
7.431 |
4.384 |
3.692 |
|
(e)
Short-term loans and advances |
49.722 |
45.316 |
53.421 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.003 |
|
Total
Current Assets |
273.973 |
193.769 |
160.235 |
|
|
|
|
|
|
TOTAL |
315.131 |
231.778 |
198.653 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
595.033 Gross Income |
469.873 Gross Income |
305.091 |
|
|
|
Other Income |
NA |
NA |
13.238 |
|
|
|
TOTAL (A) |
NA |
NA |
318.329 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
NA |
NA |
236.581 |
|
|
|
Employees Benefits |
NA |
NA |
19.594 |
|
|
|
Other Expenses |
NA |
NA |
37.516 |
|
|
|
TOTAL (B) |
NA |
NA |
293.691 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
24.638 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
9.285 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25.041 |
14.115 |
15.353 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
3.665 |
3.804 |
3.846 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F)
(G) |
21.376 |
10.311 |
11.507 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.963 |
3.180 |
3.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
15.275 |
6.561 |
7.607 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports of goods at FOB Value |
|
|
67.441 |
|
|
|
Commission |
|
|
4.764 |
|
|
|
Rent |
|
|
0.453 |
|
|
|
Car Hire Charge |
|
|
0.381 |
|
|
TOTAL EARNINGS |
NA |
NA |
73.039 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
CIF Value of Trading Goods |
|
|
127.028 |
|
|
TOTAL IMPORTS |
NA |
NA |
127.028 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
36.31 |
-- |
18.08 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
630.000 |
The above information has been parted by Mr. Prashant
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
NA |
NA |
2.49 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
NA |
8.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
6.78 |
4.45 |
5.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.18 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.05 |
1.79 |
1.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.11 |
1.08 |
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 |
4.207 |
4.207 |
4.207 |
|
Reserves & Surplus |
45.368 |
51.929 |
67.204 |
|
Net
worth |
49.575 |
56.136 |
71.411 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
86.606 |
100.757 |
75.163 |
|
Total
borrowings |
86.606 |
100.757 |
75.163 |
|
Debt/Equity
ratio |
1.747 |
1.795 |
1.053 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Gross Income |
|
469.873 |
595.033 |
|
|
|
|
26.637 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
Rs.
In Million |
Rs.
In Million |
|
Gross Income |
|
469.873 |
595.033 |
|
Profit |
|
6.561 |
15.275 |
|
|
|
1.40% |
2.57% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 four 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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered office of the company has been
shifted from 306, Business Classic, Chincholi Bunder, off. S.V. Road, Malad (West),
Mumbai – 400064, Maharashtra, India to the present address
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Short Term Borrowings |
|
|
|
|
|
|
|
Loan from banks |
7.084 |
10.525 |
|
Loan from
directors |
3.000 |
3.000 |
|
Loan from related
party |
31.482 |
34.584 |
|
|
|
|
|
Total |
41.566 |
48.109 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10147949 |
13/03/2009 |
15,600,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A58555665 |
|
2 |
10097090 |
28/03/2011 * |
40,000,000.00 |
CITIBANK N. A. |
TRENT
HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (E),
MUMBAI, MAHARASHTRA |
B10040939 |
|
3 |
10053228 |
13/11/2014 * |
160,000,000.00 |
CITI BANK N.A. |
FIRST INTERNATIONAL FINANCIAL CENTRE (FIFC), PLOT NO:C-54 & C-55, G-BLOCK, BKC, BANDRA (EAST), MUMBAI, MAHARASHTRA - 400051, INDIA |
C39643861 |
*Date of modification Charges
FIXED ASSETS
· Land
·
· Computers
· Furniture and Fixtures
· Motor Car
· Air Conditioner
·
Aqua Guard
·
Card Scanner
·
Office Equipment
·
Telephone System
·
Time Punching Machine
·
Safe Godrej
·
Xerox WC 5016
·
Office Premises
· Plant and Machinery
·
Air Conditioner
·
Factory Equipment
·
Laboratory Equipment
·
Production
·
Q.C.
·
Research and Development
·
Machineries
·
Electrical Installations
·
Computer Factory
·
R and D Lab Equipment
·
Furniture (Interior
Work)
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.65.48 |
|
|
1 |
Rs.101.06 |
|
Euro |
1 |
Rs.72.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
5 |
|
--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 |
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 |
|
48 |
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.