MIRA INFORM REPORT
|
Report No. : |
348913 |
|
Report Date : |
09.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
VEGESNA LABORATORIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 7, J.N. Pharamacity, Tadi Village, Parawada Mandal,
Visakhapatnam – 531021, Andhra Pradesh |
|
Tel. No.: |
91-8924-205023/ 236063/ 65 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.10.2003 |
|
|
|
|
Com. Reg. No.: |
01-041849 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 40.000
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239AP2003PTC041849 |
|
|
|
|
IEC No.: |
0904002772 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDV02421G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCV8147R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Industrial Chemicals. |
|
|
|
|
No. of Employees
: |
170 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 250000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 10th October, 2003. It is
engaged into business of manufacturing, exporting and importing of industrial
chemicals. It has satisfactory track record. Profitability of the company is low during FY 2014. However, the
company possesses a decent profile marked by adequate networth base along
with fair liquidity. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered normal for business dealing 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. Murthy |
|
Designation : |
Liason Department |
|
Contact No.: |
91-40-65907801 |
|
Date : |
07.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 7, J.N. Pharamacity, Tadi Village, Parawada Mandal,
Visakhapatnam – 531021, Andhra Pradesh, India |
|
Tel. No.: |
91-8924-205023/ 236063/ 65 |
|
Fax No.: |
91-8924-205024 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate/ Admin Office
: |
# 2-22-311/30C, Western Hills, Kukatpally, Hyderabad - 500085, Telangana, India |
|
Tel. No.: |
91-40-65907801 |
|
Fax No.: |
91-40-23892539 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Vegesna Venkata Suryanarayana Raju |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 262, Jalavayu Vihar, KPHB Colony, Kukatpally, Hyderabad –
500072, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.08.1965 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.11.2004 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01471990 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Vegesna Padmavathi |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 262, Jalavayu Vihar, KPHB Colony, Kukatpally, Hyderabad –
500072, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.05.1969 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.10.2003 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01539299 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Murthy |
|
Designation : |
Liason Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Industrial Chemicals. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
European Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cheque and Credit |
|
|
|
|
Purchasing : |
L/C, Cheque and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
Manufacturer
|
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
170 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited Kukatpally Branch, MIG - 9, Dharmareddy Colony, KPHB Colony, Kukatpally,, Hyderabad - 500072, Andhra Pradesh, India · HDFC Bank Limited ·
Syndicate Bank |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Reliance Capital Limited 'H' Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
VMGK Murty and Company Chartered Accountants |
|
Address : |
1-2-593/26, Upstairs, Gaganmahal Colony, Domalguda, Hyderabad –
500029, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27620877 |
|
Fax No.: |
91-40-66777789 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACFV7246D |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 Million
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
40.000 |
40.000 |
40.000 |
|
(b) Reserves & Surplus |
42.179 |
35.396 |
33.436 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
6.188 |
6.188 |
6.188 |
|
Total Shareholders’
Funds (1) + (2) |
88.367 |
81.584 |
79.624 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
73.046 |
39.491 |
33.606 |
|
(b) Deferred tax liabilities (Net) |
0.984 |
0.793 |
11.580 |
|
(c)
Other long term liabilities |
17.692 |
19.969 |
0.770 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
91.722 |
60.253 |
45.956 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
52.912 |
61.592 |
65.592 |
|
(b)
Trade payables |
180.223 |
174.655 |
140.276 |
|
(c)
Other current liabilities |
28.195 |
34.649 |
18.878 |
|
(d)
Short-term provisions |
2.985 |
0.999 |
3.368 |
|
Total
Current Liabilities (4) |
264.315 |
271.895 |
228.114 |
|
|
|
|
|
|
TOTAL |
444.404 |
413.732 |
353.694 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
148.528 |
140.091 |
134.822 |
|
(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 |
2.915 |
3.216 |
3.486 |
|
(e)
Other Non-current assets |
0.177 |
1.088 |
0.621 |
|
Total
Non-Current Assets |
151.620 |
144.395 |
138.929 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.245 |
1.193 |
0.478 |
|
(b)
Inventories |
99.706 |
71.192 |
72.257 |
|
(c)
Trade receivables |
149.890 |
159.632 |
115.986 |
|
(d)
Cash and cash equivalents |
1.705 |
4.552 |
0.337 |
|
(e)
Short-term loans and advances |
11.843 |
7.539 |
5.439 |
|
(f)
Other current assets |
29.395 |
25.229 |
20.268 |
|
Total
Current Assets |
292.784 |
269.337 |
214.765 |
|
|
|
|
|
|
TOTAL |
444.404 |
413.732 |
353.694 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
878.088 |
644.284 |
576.808 |
|
|
|
Other Income |
1.221 |
6.533 |
1.205 |
|
|
|
TOTAL (A) |
879.309 |
650.817 |
578.013 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
693.680 |
486.392 |
424.444 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(19.165) |
(5.555) |
(4.180) |
|
|
|
Employees benefits expense |
50.873 |
45.696 |
40.451 |
|
|
|
Power and Fuel |
23.056 |
21.365 |
11.395 |
|
|
|
Other expenses |
91.435 |
69.444 |
63.139 |
|
|
|
TOTAL (B) |
839.879 |
617.342 |
535.249 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
39.430 |
33.475 |
42.764 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.519 |
13.331 |
15.985 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
26.911 |
20.144 |
26.779 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.951 |
17.161 |
16.592 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.960 |
2.983 |
10.187 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.177 |
1.023 |
3.358 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.783 |
1.960 |
6.829 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2.928 |
4.238 |
3.027 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.70 |
0.49 |
1.71 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
641.500 |
|
|
|
|
[Due to Market
Fluctuation] |
The above information has been parted by Mr. Murthy (Liason Department)
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) |
(%) |
0.77 |
0.30 |
1.18 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.49 |
5.20 |
7.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.24 |
0.72 |
2.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.04 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.43 |
1.24 |
1.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
0.99 |
0.94 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
40.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
33.436 |
35.396 |
42.179 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
6.188 |
6.188 |
6.188 |
|
Net
worth |
79.624 |
81.584 |
88.367 |
|
|
|
|
|
|
Long-term borrowings |
33.606 |
39.491 |
73.046 |
|
Short term borrowings |
65.592 |
61.592 |
52.912 |
|
Total
borrowings |
99.198 |
101.083 |
125.958 |
|
Debt/Equity
ratio |
1.246 |
1.239 |
1.425 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
576.808 |
644.284 |
878.088 |
|
|
|
11.698 |
36.289 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
576.808 |
644.284 |
878.088 |
|
Profit |
6.829 |
1.960 |
6.783 |
|
|
1.18% |
0.30% |
0.77% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10495843 |
31/03/2014 |
5,130,000.00 |
RELIANCE CAPITAL
LIMITED |
'H' BLOCK 1ST
FLOOR,, DHIRUBHAI AMBANI KNOWLEDGE |
C04805859 |
|
2 |
10439521 |
30/06/2013 |
6,280,000.00 |
RELIANCE CAPITAL
LIMITED |
'H' BLOCK 1ST
FLOOR,, DHIRUBHAI AMBANI KNOWLEDGE |
B80624711 |
|
3 |
10050321 |
29/01/2015 * |
105,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING
BRANCH, 1ST FLOOR, G.PULLAREDDY BUILDING, GREENLANDS, BEGUMPET ROAD,,
HYDERABAD, |
C41704552 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
36.048 |
21.013 |
|
|
|
|
|
Total |
36.048 |
21.013 |
FIXED ASSETS:
· Land
· Factory Building
· Plant and Machinery
· Lab Equipments
· Electrical Equipments
· Furniture and Fixture
· Vehicle
· Office Equipments
· Computers
· Pipes and Fittings
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. 65.79 |
|
|
1 |
Rs. 99.95 |
|
Euro |
1 |
Rs. 71.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.