MIRA INFORM REPORT
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Report No. : |
348169 |
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Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
UMANG PHARMATECH PRIVATE LIMITED |
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Registered
Office : |
Flat No.34, 3rd Floor, B-2, Windermere, Off. New Link Road, Azad Nagar Post Office, Andheri (West), Mumbai – 400053, Maharashtra |
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Tel. No.: |
91-22-30018900 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
18.05.1992 |
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Com. Reg. No.: |
11-066815 |
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Capital
Investment / Paid-up Capital : |
Rs.30.100 Million |
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CIN No.: [Company Identification
No.] |
U29297MH1992PTC066815 |
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IEC No.: |
0397092652 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACU4157H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the manufacture of pharmaceutical machinery, health products, cosmetics etc. |
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No. of Employees
: |
122 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (50) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 445000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated on 18th May, 1992. It has
satisfactory record. The company possesses a decent profile marked by adequate networth
base along with fair liquidity and good profitability. It has achieved better
growth in its sales turnover and profit of the company. Trade relations are fair. Business is active. Payments are reported to
be regular and as per commitments. 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 : |
Ms. Suja Mathew |
|
Designation : |
Finance Department |
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Contact No.: |
91-22-30018900 |
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Date : |
07.11.2015 |
LOCATIONS
|
Registered Office : |
Flat No.34, 3rd Floor, B-2, Windermere, Off. New Link Road, Azad Nagar Post Office, Andheri (West), Mumbai – 400053, Maharashtra, India |
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Tel. No.: |
91-22-30018900 / 30018915-98 |
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Fax No.: |
91-22-40106464 / 30018908/ 30018907 / 30018913 |
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E-Mail : |
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Website : |
http://www.umangpharmaceuticals.com
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Factory 1 : |
Survey No. 146, H.No.1 (PT), Vasai Phata Highway Junction, Pelhar, NH8, Vasai (East) - 401208, Maharashtra, India |
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Tel. No.: |
91-250-6521601-08 |
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E-mail: |
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Factory 2 : |
Plot No. 23, Golani Complex, Opposite Agrwal Hospital, Valiv, Vasai Road (East), Thane - 401208, Maharashtra, India |
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Tel. No.: |
91-250-2453795/ 2454467/ 2456482 |
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Fax No.: |
91-250-2453795/ 2454467/ 2456482 |
DIRECTORS
AS ON 23.09.2014
|
Name : |
Mr. Rajkumar Jagdeepsingh Budhraja |
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Designation : |
Managing director |
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Address : |
Flat No. 34, 3rd Floor, B- 2 , Windermere, Off
New |
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Date of Birth/Age : |
12.12.1946 |
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Qualification : |
B. E |
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Date of Appointment : |
18.05.1992 |
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DIN No.: |
01847459 |
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Name : |
Mrs. Renu Rajkumar Budhraja |
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Designation : |
Director |
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Address : |
Flat No. 34, 3rd Floor, B- 2 , Windemere, Off
New |
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Date of Birth/Age : |
05.03.1954 |
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Date of Appointment : |
18.05.1992 |
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DIN No.: |
01114263 |
KEY EXECUTIVES
|
Name : |
Ms. Suja Mathew |
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Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Rajkumar Jagdeepsingh Budhraja |
140000 |
46.51 |
|
Renu Rajkumar Budhraja |
140000 |
46.51 |
|
Priya Komal Narang |
7000 |
2.33 |
|
Umang Rajkumar Budhraja |
7000 |
2.33 |
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Payal Rajkumar Budhraja |
7000 |
2.33 |
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Total |
301000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 23.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is engaged in the manufacture of
pharmaceutical machinery, health products, cosmetics etc. |
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Products/ Services : |
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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 : |
Pharmaceutical machinery, health products, cosmetics etc. |
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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 : |
Cheque and Credit (30 / 60 days) |
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Purchasing : |
Cheque and Credit (30 / 60 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
· Beackon Logistics Private Limited · CNC Servicing and Solutions (India) Private Limited · Elrich Placements · Janish Pharma Private Limited · M. D. Enterprises · Reliance Energy · Unique Services
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Customers : |
End Users and OEMs
· Cian Healthcare Private Limited · Greens International · ITC Limited · Madhav Enterprises · Perfect Industries
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No. of Employees : |
122 (Approximately) |
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Bankers : |
· Axis Bank Limited · Bank of Maharashtra ·
State
Bank of India ·
UCO
Bank |
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Facilities : |
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Auditors : |
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Name : |
Pankaj A Shah and Company Chartered Accountants |
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Address : |
3/1225-L, Nanjivan Commercial Premises Society Limited, Lamington
Road, Mumbai – 400008, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ABEPS6263J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company : |
Caleva Process Solutions Limited |
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Associate Company : |
R. R. Enterprises |
CAPITAL STRUCTURE
AS ON 23.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1,000,000 |
Equity Shares |
Rs. 100/- each |
Rs. 100.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
301,000 |
Equity Shares |
Rs. 100/- each |
Rs. 30.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
30.100 |
30.100 |
30.100 |
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(b) Reserves &
Surplus |
125.657 |
81.659 |
65.880 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
155.757 |
111.759 |
95.980 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
44.520 |
66.531 |
67.485 |
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(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities
(3) |
44.520 |
66.531 |
67.485 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
0.000 |
9.803 |
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(b) Trade payables |
28.873 |
24.777 |
16.552 |
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(c) Other current
liabilities |
2.285 |
3.131 |
2.600 |
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(d) Short-term provisions |
22.636 |
5.722 |
3.174 |
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Total Current Liabilities
(4) |
53.794 |
33.630 |
32.129 |
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TOTAL |
254.071 |
211.920 |
195.594 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
90.567 |
91.658 |
89.713 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current
Investments |
42.044 |
42.044 |
42.043 |
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(c) Deferred tax assets
(net) |
0.958 |
0.970 |
0.815 |
|
(d) Long-term Loan and Advances |
7.442 |
2.497 |
3.306 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
141.011 |
137.169 |
135.877 |
|
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(2) Current assets |
|
|
|
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
48.488 |
35.331 |
28.607 |
|
(c) Trade receivables |
34.057 |
30.659 |
22.546 |
|
(d) Cash and cash
equivalents |
(0.809) |
0.556 |
1.028 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
5.759 |
|
(f) Other current assets |
31.324 |
8.205 |
1.777 |
|
Total Current Assets |
113.060 |
74.751 |
59.717 |
|
|
|
|
|
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TOTAL |
254.071 |
211.920 |
195.594 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
199.091 |
130.930 |
113.025 |
|
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Other Income |
4.963 |
6.356 |
|
|
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TOTAL |
204.054 |
137.286 |
113.025 |
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
71.803 |
|
73.940 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.729) |
(5.929) |
|
|
|
Employees benefits
expense |
27.917 |
26.021 |
|
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Other expenses |
26.859 |
21.514 |
|
|
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TOTAL |
119.850 |
94.335 |
73.940 |
|
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|
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Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
84.204 |
42.951 |
39.085 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
7.153 |
8.987 |
10.024 |
|
|
|
|
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|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
77.051 |
33.964 |
29.061 |
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|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.642 |
11.739 |
12.064 |
|
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|
|
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|
PROFIT/ (LOSS) BEFORE TAX |
65.409 |
22.225 |
16.997 |
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|
|
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Less |
TAX |
21.411 |
6.446 |
4.925 |
|
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|
PROFIT/ (LOSS) AFTER TAX
|
43.998 |
15.779 |
12.072 |
|
|
|
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Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
81.659 |
65.880 |
53.985 |
|
|
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|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Taxes of Earlier Years |
0.000 |
0.000 |
0.177 |
|
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|
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|
|
|
|
Balance Carried to the
B/S |
125.657 |
81.659 |
65.880 |
|
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EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
132.481 |
76.595 |
45.630 |
|
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TOTAL EARNINGS |
132.481 |
76.595 |
45.630 |
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CIF VALUE OF IMPORTS |
7.905 |
5.944 |
1.664 |
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|
|
Earnings / (Loss) Per
Share (Rs.) |
146.17 |
52.42 |
40.11 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
240.000 |
Expected Sales ( 2015-2016 ) : Rs.260.000 Million
The above information has been parted by Ms. Suja Mathew.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
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) |
(%) |
22.10 |
12.05 |
10.68 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
42.29 |
32.80 |
34.58 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
30.99 |
13.16 |
11.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.20 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.29 |
0.60 |
0.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10 |
2.22 |
1.86 |
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 |
30.100 |
30.100 |
30.100 |
|
Reserves & Surplus |
65.880 |
81.659 |
125.657 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
95.980 |
111.759 |
155.757 |
|
|
|
|
|
|
long-term borrowings |
67.485 |
66.531 |
44.520 |
|
Short term borrowings |
9.803 |
0.000 |
0.000 |
|
Total borrowings |
77.288 |
66.531 |
44.520 |
|
Debt/Equity ratio |
0.805 |
0.595 |
0.286 |
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 |
113.025 |
137.286 |
204.054 |
|
|
|
21.465 |
48.634 |
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 |
113.025 |
137.286 |
204.054 |
|
Profit |
12.072 |
15.779 |
43.998 |
|
|
10.68% |
11.49% |
21.56% |
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 |
Yes |
|
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 |
CORPORATE INFORMATION
Subject is a private Limited company domiciled in India and is incorporated under Indian Companies Act,1956, The company is engaged in the manufacture of pharmaceutical machinery, health products, cosmetics etc.
FINANCIAL RESULTS
Overall Net Sales / Income registered a 48.63% increase to Rs. 204.100 Million as compared to Rs. 137.300 Million for previous year. This is attributable to the efforts put in by production and marketing personnel.
Profit Before Tax at Rs. 65.409 Million was 194.30% higher in comparison to previous year. Decrease in Depreciation and amortization at Rs. 11.642 Million over Rs. 11.739 Million previous year. Financial Cost showed a decrease of 10.42% compared to previous year.
SUBSIDIARY COMPANY
In accordance with general circular issued by Ministry of Corporate Affairs, Government of India, the Balance Sheet and profit and Loss Account of Subsidiary in UK namely Caleva Process Solution Limited (UK) are not being attached with the Balance Sheet of the Company. However, Statement of Subsidiary u/s 212 of the Companies Act, 1956 is attached with the Financial Statements of the company.
PROJECTS
Directors are pleased to state that due to the acquisition of the company earlier in U.K., our company was placed in a better position on the international market as the competition was reduced and our company has shown an extra ordinary performance resulting in to better prospects and profitability in the global as Indian market. The company has still to acquire more companies for expansion of the business
RESEARCH AND
DEVELOPMENT
Company is continuously carrying out R&D activities in the areas of new product / process development, improvement in existing process. The production process has improved resulting in better productivity and quality. The Company’s R&D activities have showed the satisfactory performance for the new line of products introduced mainly being engineering products, health products, cosmetics etc.
FINANCE
Good management of working capital comprising Inventory and Receivables helped the Company in generating enough cash flow. The level of external borrowings remained in the adequate limit during the year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Term Loans From Others |
14.400 |
15.050 |
|
Loans and Advances from Related Parties |
1.800 |
2.281 |
|
Total |
16.200 |
17.331 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
80044274 |
06/01/2013 * |
70,544,000.00 |
BASSEIN CATHOLIC CO-OPERATIVE BANK LIMITED |
MANICKPUR BRANCH, 1ST FLOOR, LAWRENCE SHOPPING -, |
B66122433 |
|
2 |
90164013 |
29/03/2000 |
500,000.00 |
SYNDICATE BANK |
VARLI BRANCH, VASAI, THANE, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Furniture and Fixture
· Plant and Machinery
· Electrical Installation
· Laboratory Equipment
· Office Equipments
· Computer
· Vehicles
· Air Conditioner
· Fax Machine
· Fire Safety Equipment
· Dies Moulds
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.66.34 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.