MIRA INFORM REPORT
|
Report No. : |
348521 |
|
Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAC-CHEM PRODUCTS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
304, Town Centre, Andheri Kurla Road, Andheri (East), Mumbai – 400059,
Maharashtra |
|
Tel. No.: |
91-22-409390000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.08.1991 |
|
|
|
|
Com. Reg. No.: |
11-062948 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.750 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239MH1991PTC062948 |
|
|
|
|
IEC No.: |
0307028917 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMM31647A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM9623L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Pharmaceuticals. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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Comments : |
Mac-Chem Products (India) Private Limited (MCPIPL) was incorporated in
1991. The company also has two group concerns, viz. Naprod Life Sciences
Private Limited (NLSPL) and Miracalus Pharma Private Limited (MPPL); the
former is engaged in the manufacture of parenteral drugs, capsules and
tablets for Intas Pharmaceuticals Limited and Dr. Reddy’s Laboratories
Limited. MPPL is engaged in the marketing of formulations manufactured by
NLSPL and other domestic manufacturers. The ratings draw comfort from the extensive experience of the
promoters in the field of manufacturing pharmaceutical formulations and the
synergies from association with group concerns, which are involved in a
similar line of business. Rating further take consideration on company’s growing scale of operation’s
as well as in its profitability margin over the years along with satisfactory
financial risk profile, comfortable debt coverage indicators along with
comfortable liquidity position. The rating is constrained by the exposure of the company’s profitability
to the raw materials price fluctuations, and foreign exchange fluctuations
risk. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of aforesaid, 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 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Drupad Patel |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-40939000 |
|
Date : |
04.11.2015 |
LOCATIONS
|
Registered Office : |
304, Town Centre, Andheri Kurla Road, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Tel. No.: |
91-22-409390000/ 01 |
|
Fax No.: |
91-22-40939060 |
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E-Mail : |
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Website : |
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Location: |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
N-211/2/10,Tarapur MIDC, Boisar, Thane - 401506, Maharashtra India |
|
Tel. No.: |
91-2525-661120/21 – 645691/93 -645889 |
|
Location: |
Owned |
|
Locality : |
Industrial |
DIRECTORS
AS ON 25.07.2014
|
Name : |
Mr. Mohan Babulal Jain |
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Designation : |
Director |
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|
Address : |
B -83, Dattani Towers, Near Kora Kendra, S.V. Road, Borivali (West),
Mumbai – 400092, Maharashtra, India |
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Date of Birth/Age : |
24.12.1966 |
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Date of Appointment : |
05.02.2007 |
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DIN No.: |
00054461 |
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Other Directorship:
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|
Name : |
Mr. Babulal keshrimal jain |
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|
Designation : |
Director |
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|
Address : |
B -83, Dattani Towers, Near Kora Kendra, S.V. Road, Borivali (West),
Mumbai – 400092, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
29.07.1945 |
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Date of Appointment : |
05.02.2007 |
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DIN No.: |
00054524 |
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Other Directorship:
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|
Name : |
Mr. Manish Babulal Jain |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B -83, Dattani Towers, Near Kora Kendra, S.V. Road, Borivali (West),
Mumbai – 400092, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
01.11.2007 |
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DIN No.: |
01538004 |
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KEY EXECUTIVES
|
Name : |
Mr. Drupad Patel |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.07.2014
|
Names of Shareholders |
|
No. of Shares |
|
Babulal K. Jain |
|
175000 |
|
Babulal K. Jain (HUF) |
|
217000 |
|
Mohan B. Jain |
|
175000 |
|
Mohan B. Jain (HUF) |
|
180700 |
|
Manish B. Jain |
|
163250 |
|
Kamla B. Jain |
|
157625 |
|
Sangeeta M. Jain |
|
175925 |
|
Arya Jain |
|
126500 |
|
Sansia Jain |
|
126500 |
|
Yogita Jain |
|
185000 |
|
Pranit Jain |
|
160000 |
|
Manish Jain (HUF) |
|
56250 |
|
Hindustan Continental Limited, India |
|
66250 |
|
Divyesh H. Shah |
|
10000 |
|
Total |
|
1975000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.07.2014
|
Category |
Percentage |
|
Bodies corporate |
3.35 |
|
Directors or relatives of Directors |
96.14 |
|
Other top fifty shareholders |
0.51 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20348521%2005-Nov-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Pharmaceuticals. |
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|
|
|
Products : |
Pharmaceuticals products |
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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 : |
South America |
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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 : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Sohan S. Jain and Company Chartered Accountants |
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Address : |
310, Varma Chambers, 11 Homji Street, Horniman Circle, Fort, Mumbai –
400001, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACPJ4845Q |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
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Related parties of Key Management Personnel : |
|
CAPITAL STRUCTURE
AS ON 25.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Million |
|
100000 |
Preference Shares |
Rs.100/- each |
Rs. 10.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 40.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1975000 |
Equity Shares |
Rs.10/- each |
Rs. 19.750
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 |
19.750 |
19.750 |
19.750 |
|
(b) Reserves & Surplus |
79.448 |
70.565 |
62.717 |
|
(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) |
99.198 |
90.315 |
82.467 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
167.026 |
120.155 |
113.650 |
|
(b) Deferred tax liabilities
(Net) |
21.892 |
15.637 |
11.451 |
|
(c) Other long term
liabilities |
0.000 |
58.182 |
39.438 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
188.918 |
193.974 |
164.539 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
121.476 |
96.463 |
97.441 |
|
(b) Trade payables |
64.973 |
38.104 |
7.252 |
|
(c) Other current liabilities |
40.404 |
24.361 |
18.286 |
|
(d) Short-term provisions |
5.212 |
7.106 |
6.065 |
|
Total
Current Liabilities (4) |
232.065 |
166.034 |
129.044 |
|
|
|
|
|
|
TOTAL |
520.181 |
450.323 |
376.050 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
224.159 |
190.907 |
195.934 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
6.071 |
26.411 |
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 |
2.870 |
1.717 |
1.119 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
233.100 |
219.035 |
197.053 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
123.300 |
136.840 |
122.937 |
|
(c) Trade receivables |
107.570 |
64.979 |
37.560 |
|
(d) Cash and cash equivalents |
36.339 |
16.371 |
7.063 |
|
(e) Short-term loans and
advances |
17.305 |
10.528 |
11.193 |
|
(f) Other current assets |
2.567 |
2.570 |
0.244 |
|
Total
Current Assets |
287.081 |
231.288 |
178.997 |
|
|
|
|
|
|
TOTAL |
520.181 |
450.323 |
376.050 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover (Net) |
701.320 |
430.344 |
309.361 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
59.595 |
49.779 |
37.866 |
|
|
|
|
|
|
|
Less |
INTEREST |
29.005 |
27.597 |
18.973 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
30.590 |
22.182 |
18.893 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
11.362 |
9.701 |
8.646 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
19.228 |
12.481 |
10.247 |
|
|
|
|
|
|
|
Less |
TAX |
10.345 |
6.683 |
7.613 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
8.883 |
5.798 |
2.634 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
125.526 |
32.423 |
7.863 |
|
|
TOTAL EARNINGS |
125.526 |
32.423 |
7.863 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
130.949 |
110.053 |
NA |
|
|
Capital Goods |
1.732 |
1.610 |
NA |
|
|
TOTAL IMPORTS |
132.681 |
111.663 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
4.50 |
2.94 |
NA |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
800.000 |
The above information has been parted by Mr. Drupad Patel (Accounts
Manager).
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 |
14.700 |
NA |
NA |
|
Net cash from operating activities |
10.600 |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Turnover) |
(%) |
1.27 |
1.35 |
0.85 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/ Turnover) |
(%) |
8.50 |
11.57 |
12.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.74 |
2.94 |
2.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.14 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.91 |
2.40 |
2.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.39 |
1.39 |
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 |
19.750 |
19.750 |
19.750 |
|
Reserves & Surplus |
62.717 |
70.565 |
79.448 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
82.467 |
90.315 |
99.198 |
|
|
|
|
|
|
long-term borrowings |
113.650 |
120.155 |
167.026 |
|
Short term borrowings |
97.441 |
96.463 |
121.476 |
|
Total borrowings |
211.091 |
216.618 |
288.502 |
|
Debt/Equity ratio |
2.560 |
2.398 |
2.908 |
%20PRIVATE%20LIMITED%20-%20348521%2005-Nov-2015_files/image015.gif)
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) |
|
Turnover (Net) |
309.361 |
430.344 |
701.320 |
|
|
|
39.107 |
62.967 |
%20PRIVATE%20LIMITED%20-%20348521%2005-Nov-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover (Net) |
309.361 |
430.344 |
701.320 |
|
Profit |
2.634 |
5.798 |
8.883 |
|
|
0.85% |
1.35% |
1.27% |
%20PRIVATE%20LIMITED%20-%20348521%2005-Nov-2015_files/image019.gif)
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 |
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: Registered office of the company has been
shifted from C-208, Minoo Minarveera Desai Rad, Andheri West, Mumbai – 400058,
Maharashtra, India to the present address
w.e.f. 23.02.2007.
OPERATIONS AND OUTLOOK
The company has progressed satisfactorily and has achieved turnover of Rs.701.320 Million against last year of Rs.430.344 Million. Profit before tax stood at Rs.19.228 Million. The directors expect acceleration in the sales and profitability for the current financial year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from directors / Share Holders / others |
136.586 |
81.637 |
|
|
|
|
|
Total |
136.586 |
81.637 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10166116 |
11/11/2014 * |
262,584,000.00 |
BANK OF BARODA |
ANDHERI (WEST) BRANCH, KHAJINA MAHAL, 189, S. V. |
C36271633 |
|
2 |
10141606 |
11/11/2014 * |
262,584,000.00 |
BANK OF BARODA |
ANDHERI (WEST) BRANCH, KHAJINA MAHAL, 189, S. V. |
C36269587 |
* Date of charge modification
FIXED ASSETS
- Leasehold Land
- Electrical Instruments
- Factory Building
- Furniture and Fixture
- Plant and Machinery
- Motor car
- Computer
- Office Equipment’s
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.65.57 |
|
|
1 |
Rs.101.13 |
|
Euro |
1 |
Rs.71.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
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 |
|
46 |
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.