MIRA
INFORM REPORT
|
Report No. : |
348515 |
|
Report Date : |
04.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
STERILE INDIA PRIVATE LIMITED (w.e.f. 07.07.2010) |
|
|
|
|
Formerly Known
As : |
UNIWAYS LABORATORIES INDIA PRIVATE LIMITED |
|
|
|
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Registered
Office : |
910, 9th Floor, D-Mall, |
|
Tel. No.: |
91-11-27357015 |
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|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.06.1989 |
|
|
|
|
Com. Reg. No.: |
55-036517 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 82.688 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1989PTC036517 |
|
|
|
|
IEC No.: |
0510099700 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELU03892A |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACU5331M |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturing of Sterile API products used for preparation of different kind of Injections and Life Saving Drugs. |
|
|
|
|
No. of Employees
: |
161 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 company incorporated in the year 1989 having
satisfactory track. Available financial indicates sound financial risk profile marked by
healthy networth base and decent liquidity position of the company. Further, the rating also takes into consideration favorable gap
between trade payables and trade receivables. Trade relations are reported as fair. Business is active. Payments
terms are reported as usually correct 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 – 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 |
CRISIL |
|
Rating |
Long term rating =
“BBB-“ |
|
Rating Explanation |
Moderate degree of
safety and carry moderate credit risk |
|
Date |
09.01.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating =
“A3” |
|
Rating Explanation |
Moderate degree of
safety and carry higher credit risk. |
|
Date |
09.01.2015 |
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. Pankaj |
|
Designation : |
Accountant |
|
Contact No.: |
91-11-27357015 |
|
Date : |
04.11.2015 |
LOCATIONS
|
Registered / Corporate Office: |
910, 9th Floor, D Mall, Netaji Subhash Palace, Pitampura,
New Delhi – 110034, India |
|
Tel. No.: |
91-11-27357015 |
|
Fax No.: |
91-11-27357015 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Sector-56, HSIIDC Kundli, Plot No-100, Phase – IV, Sonepat – 131028, Haryana, India |
|
Tel. No.: |
91-130-2116798 |
|
Fax No.: |
91-130-2116799 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sanjeev Goel |
|
Designation : |
Director |
|
Address : |
78/12, Jain Sthanak, Ganaur Mandi, Sonipat – 131001, |
|
Date of Birth/Age : |
12.02.1969 |
|
Date of Appointment : |
04.06.2011 |
|
DIN No.: |
00370189 |
|
|
|
|
Name : |
Mr. Prem Chand Goel |
|
Designation : |
Director |
|
Address : |
B-37, Maharana Pratap Enclave, Pitampura, |
|
Date of Birth/Age : |
18.02.1944 |
|
Date of Appointment : |
31.10.2009 |
|
DIN No.: |
02822907 |
|
|
|
|
Name : |
Mrs. Rajni Goel |
|
Designation : |
Director |
|
Address : |
B-37, Maharana Pratap Enclave, Pitampura, |
|
Date of Birth/Age : |
21.08.1974 |
|
Date of Appointment : |
10.06.2013 |
|
DIN No.: |
06487666 |
KEY EXECUTIVES
|
Name : |
Ms. Garima Jain |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Swati Pandey |
|
Designation : |
Company Secretary |
|
Address : |
F-25/2, Sector-3, Rohini, New Delhi - 110085, India |
|
Date of Appointment : |
12.12.2014 |
|
PAN No.: |
ARRPD8495J |
|
|
|
|
Name : |
Mr. Pankaj |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bluestar Dealer Private Limited, India |
|
397603 |
|
Sanjeev Goel HUF |
|
91603 |
|
Sanjeev Goel |
|
179180 |
|
Calendula Dealcom Private Limited, India |
|
6704 |
|
Versatile Vinimay Private Limited, India |
|
2306 |
|
Mahima Life Sciences Private Limited, India |
|
1531 |
|
Kavita Goel |
|
637 |
|
Prem Chand Goel |
|
461 |
|
Prem Chand Goel HUF |
|
106 |
|
Rajni Goel |
|
145576 |
|
Sevti Devi |
|
762 |
|
Sneha Lata |
|
406 |
|
Total |
|
826875 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
49.36 |
|
Directors or relatives of Directors |
50.64 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of Sterile API products used for preparation of different kind of Injections and Life Saving Drugs. |
|
|
|
|
Products : |
· Sterile PPI’s Products Cephalosporins Penicillins General Products Carbapenems |
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|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Indonesia ·
Brazil ·
Pakistan ·
Bangladesh |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
|
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Selling : |
L/C, Cheque and Credit |
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|
|
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Purchasing : |
L/C, Cheque and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
161 (Approximately) |
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House Senapati Bapat
Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
||||||||||||||||||||||
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|
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Mittal Bansal and Associates Chartered Accountants |
|
Address : |
302-303, S-524, Aggarwal Complex, School Block, Vikas Marg, Shakarpur, New Delhi – 110092, India |
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Tel. No. : |
91-11-65267355 |
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E-Mail : |
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PAN No.: |
AALFM7202R |
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|
|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
Jubilant Organics Private Limited CIN NO. :
U17121DL2007PTC168198 |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital: Rs.250.000 Million
Issued, Subscribed & Paid-up Capital: Rs.148.588
Million
As on 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.100/- each |
Rs. 250.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
826875 |
Equity Shares |
Rs.100/- each |
Rs. 82.687 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 |
82.688 |
1.692 |
0.102 |
|
(b) Reserves & Surplus |
288.053 |
271.605 |
3.571 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
11.850 |
163.480 |
|
Total
Shareholders’ Funds (1) + (2) |
370.741 |
285.148 |
167.153 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.960 |
1.416 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2.960 |
1.416 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4.268 |
5.738 |
0.000 |
|
(b) Trade payables |
339.287 |
174.191 |
59.438 |
|
(c) Other current liabilities |
21.702 |
13.813 |
1.856 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
365.257 |
193.742 |
61.294 |
|
|
|
|
|
|
TOTAL |
738.958 |
480.306 |
228.447 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
97.893 |
99.328 |
108.315 |
|
(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 |
1.543 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.191 |
0.176 |
2.781 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.790 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
100.417 |
99.504 |
111.096 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
60.975 |
36.215 |
29.033 |
|
(c) Trade receivables |
420.131 |
272.223 |
53.525 |
|
(d) Cash and cash equivalents |
104.189 |
7.703 |
22.091 |
|
(e) Short-term loans and
advances |
43.362 |
58.403 |
12.104 |
|
(f) Other current assets |
9.884 |
6.258 |
0.598 |
|
Total
Current Assets |
638.541 |
380.802 |
117.351 |
|
|
|
|
|
|
TOTAL |
738.958 |
480.306 |
228.447 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1380.000 (Approximately) |
615.496 |
49.412 |
|
|
Other Income |
NA |
8.665 |
2.844 |
|
|
TOTAL
|
NA |
624.161 |
52.256 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
NA |
491.217 |
65.635 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
NA |
(7.181) |
(29.033) |
|
|
Employees benefits expense |
NA |
18.17 |
1.587 |
|
|
Other expenses |
NA |
84.271 |
8.881 |
|
|
TOTAL
|
NA |
586.477 |
47.070 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
NA |
37.684 |
5.186 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
1.65 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
36.034 |
5.186 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
NA |
12.225 |
4.082 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
23.809 |
1.104 |
|
|
|
|
|
|
|
Less |
TAX |
NA |
8.766 |
-2.489 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
15.949 |
15.043 |
3.593 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.100 |
0.068 |
|
|
Dividend |
0.000 |
0.051 |
0.015 |
|
|
Tax on Dividend |
0.000 |
0.009 |
0.003 |
|
|
Total
|
0.000 |
0.160 |
0.086 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
15.949 |
14.883 |
3.507 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
41.375 |
11.373 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
19.29 |
898.32 |
3606.86 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1880.000 |
Expected Sales (2015-2016): Rs. 2000.000 Million
The above information has been parted by Mr. Pankaj (Accountant).
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 flows from (used in) operations |
48.643 |
(112.772) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
2.44 |
7.27 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
NA |
6.12 |
10.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
4.96 |
0.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.08 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.02 |
0.03 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75 |
1.97 |
1.91 |
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 |
0.102 |
1.692 |
82.688 |
|
Reserves & Surplus |
3.571 |
271.605 |
288.053 |
|
Share application money
pending allotment fund |
163.480 |
11.850 |
0.000 |
|
Net
worth |
167.153 |
285.147 |
370.741 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1.416 |
2.960 |
|
Short term borrowings |
0.000 |
5.738 |
4.268 |
|
Total
borrowings |
0.000 |
7.154 |
7.228 |
|
Debt/Equity
ratio |
0.000 |
0.025 |
0.019 |
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 |
No |
|
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 |
No |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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
1705, 4th Floor, Onkar Bhawan Bhagirath Palace, Chandni Chowk, Delhi
– 110006, India to the present address w.e.f.13.02.2014
CORPORATE INFORMATION
The Company is engaged in the business of manufacturing of Sterile API products used for preparation of different kind of Injections and Life Saving Drugs, Registered office of the Company is situated at 910, 9th Floor, D-Mall, Netaji Subhash Place, Delhi-110034, India
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
0.703 |
0.000 |
|
Total |
0.703 |
0.000 |
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10319944 |
05/01/2015 * |
394,804,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
C41639014 |
* Date of charge modification
FIXED ASSETS
· Plant and Machinery
Computer
Furniture
and Fixture
Vehicle-
Ecco
BMW
Car
Fire
Extinguisher
Land
Lab
Equipments
Printer
Mobile
Set
Building
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.65.45 |
|
|
1 |
Rs.100.96 |
|
Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
|
45 |
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.