MIRA INFORM REPORT
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Report No. : |
350913 |
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Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
DALAS BIOTECH LIMITED (w.e.f. 12.08.1999) |
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Formerly Known As
: |
SUDMAN LABORATORIES LIMITED (w.e.f. 26.06.1998) AIMIL MEDICAMENTS (INDIA) LIMITED (w.e.f. 11.12.1992) AIMIL MEDICAMENTS (INDIA) PRIVATE LIMITED |
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Registered
Office : |
E-292, Phase – 1, RIICO Industrial Area, Bhiwadi – 301019, Rajasthan |
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Tel. No.: |
91-1493-222123/220125/223478 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
18.07.1989 |
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Com. Reg. No.: |
17-005056 |
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Capital
Investment / Paid-up Capital : |
Rs. 44.780 Million |
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CIN No.: [Company Identification
No.] |
U24232RJ1989PLC005056 |
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IEC No.: |
0598038353 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
JPRD02357F |
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PAN No.: [Permanent Account No.] |
AACCS4061Q |
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Legal Form : |
A Closely Held Public Limited liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Novel Solutions and
Intermediates, Bulk, Speciality Drugs etc. |
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No. of Employees
: |
450 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1989 and it is engaged in the
manufacturing, exporting and importing of novel solutions and intermediates, bulk
drugs and specialty drugs etc. For the financial year ended 2014, company has reported 44.90% sales
turnover growth as compared to previous sales turnover but company has failed
to maintained profit margins and reported low margins at 0.50% during the
year under a review. Rating reflects the extensive experience of company’s promoters in the
bulk drugs industry, its established customer profile along with its above
average financial risk profile and moderate networth profile. Rating strengths is partially offset by the working-capital-intensive
nature of the company’s operations and product concentration in its revenue
profile. Trade relations are reported as fair. Payment terms are reported to be
slow but correct. 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 |
CRISIL |
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Rating |
Long term rating: BB+ |
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Rating Explanation |
Inadequate-credit-quality and high credit risk. |
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Date |
29.07.2015 |
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Rating Agency Name |
CRISIL |
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Rating |
Short term rating: A4+ |
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Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
29.07.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Kamal |
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Designation : |
Account Executive |
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Contact No.: |
91-1493-222527 |
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Date : |
24.11.2015 |
LOCATIONS
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Registered Office/ Factory 1: |
E-292, Phase – 1, RIICO Industrial Area, Bhiwadi – 301019, Rajasthan,
India |
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Tel. No.: |
91-1493-222123/220125/223478 |
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Fax No.: |
91-1493-223437 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory 2: |
SPA-503, RIICO Industrial Area, Bhiwandi – 301019, Alwar, Rajasthan,
Inida |
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Tel. No.: |
91-1493-222527, 222537, 222547 |
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Fax No.: |
91-1493-221155 |
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E-Mail : |
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Head Office : |
D-34 , 2nd Floor Gulmohar Park, New Delhi-110049,
India |
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Tel. No.: |
91-11-26856191 |
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Fax No.: |
91-11-26856218 |
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Overseas Office : |
7 Fife Road, East Sheen, London SW14 7EJ United Kingdom |
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Tel. No.: |
+44-20-82879972 |
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Fax No.: |
+44-20-88766242 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Atul Rajani |
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Designation : |
Whole-time
director |
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Address : |
D-34, Gulmohar Park, 2nd Floor, New Delhi , India |
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Date of Birth/Age : |
02.02.1978 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
02664208 |
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Name : |
Ms. Lekha Rajani |
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Designation : |
Whole-time
director |
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Address : |
D-34, Gulmohar Park, 2nd Floor, New Delhi , India |
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Date of Birth/Age : |
08.01.1946 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
02654340 |
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Other
Directorship :
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Name : |
Mrrs. Sangita Rajani |
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Designation : |
Director |
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Address : |
D-34, Gulmohar Park, 2nd Floor, New Delhi , India |
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Date of Appointment : |
25.03.2015 |
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DIN No.: |
07108694 |
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Other Directorship
:
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KEY EXECUTIVES
|
Name : |
Mr. Kamal |
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Designation : |
Account Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anil Kumar Rajani |
|
297329 |
|
Deepika Rajani |
|
53302 |
|
Sangeeta Rajani |
|
49668 |
|
Lekha Rajani |
|
47042 |
|
Atul Rajani |
|
413 |
|
Raj Ram Kumar |
|
20 |
|
Asha Yogi |
|
20 |
|
Arjun Dass Lund |
|
10 |
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Total |
|
447804 |
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.99 |
|
Other top fifty shareholders |
0.01 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Novel Solutions and
Intermediates, Bulk, Speciality Drugs etc. |
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Products : |
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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 : |
Intermediates |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS : Not
Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
450 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
S. Singhal and Company Chartered Accountants |
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Address : |
E-127, Industrial Area, Bhiwadi – 301019, Rajasthan, India |
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PAN No.: |
AAFFS2873Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
900000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 Million |
|
100000 |
Preference Shares |
Rs.100/- each |
Rs.10.000 Million |
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Total |
|
Rs.100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
447804 |
Equity Shares |
Rs.100/- each |
Rs.44.780 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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|
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(a) Share Capital |
44.780 |
44.780 |
44.780 |
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(b) Reserves &
Surplus |
228.460 |
219.603 |
208.270 |
|
(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) |
273.240 |
264.383 |
253.050 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
30.659 |
52.667 |
117.244 |
|
(b) Deferred tax
liabilities (Net) |
10.039 |
3.676 |
0.000 |
|
(c) Other long term
liabilities |
9.945 |
8.365 |
10.893 |
|
(d) long-term provisions |
2.567 |
1.849 |
2.032 |
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Total Non-current
Liabilities (3) |
53.210 |
66.557 |
130.169 |
|
|
|
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(4) Current Liabilities |
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|
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(a) Short term borrowings |
279.440 |
246.808 |
216.192 |
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(b) Trade payables |
444.147 |
259.842 |
149.491 |
|
(c) Other current
liabilities |
52.513 |
75.538 |
51.246 |
|
(d) Short-term provisions |
9.331 |
4.478 |
3.605 |
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Total Current Liabilities
(4) |
785.431 |
586.666 |
420.534 |
|
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|
|
|
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TOTAL |
1111.881 |
917.606 |
803.753 |
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
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|
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|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
382.594 |
377.987 |
390.766 |
|
(ii) Intangible Assets |
1.786 |
0.673 |
0.000 |
|
(iii) Capital
work-in-progress |
6.969 |
6.779 |
30.880 |
|
(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 |
3.976 |
|
(d) Long-term Loan and Advances |
3.569 |
9.339 |
3.291 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
394.918 |
394.778 |
428.913 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
203.990 |
186.517 |
112.003 |
|
(c) Trade receivables |
407.197 |
281.434 |
186.444 |
|
(d) Cash and cash equivalents |
24.195 |
24.676 |
24.122 |
|
(e) Short-term loans and
advances |
15.873 |
8.108 |
5.666 |
|
(f) Other current assets |
65.708 |
22.093 |
46.605 |
|
Total Current Assets |
716.963 |
522.828 |
374.840 |
|
|
|
|
|
|
TOTAL |
1111.881 |
917.606 |
803.753 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1764.252 |
1216.477 |
775.425 |
|
|
Other Income |
1.737 |
1.797 |
7.340 |
|
|
TOTAL (A) |
1765.989 |
1218.274 |
782.765 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1545.484 |
1058.405 |
667.374 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
6.340 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(36.168) |
(69.231) |
18.066 |
|
|
Employees benefits
expense |
52.314 |
36.509 |
32.626 |
|
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Other expenses |
88.836 |
81.603 |
77.741 |
|
|
TOTAL (B) |
1650.466 |
1113.626 |
795.807 |
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|
|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
115.523 |
104.648 |
(13.042) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
73.558 |
66.197 |
48.500 |
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|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
41.965 |
38.451 |
(61.542) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
23.663 |
22.215 |
19.325 |
|
|
|
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|
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|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
18.302 |
16.236 |
(80.867) |
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|
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Less |
TAX (H) |
9.445 |
7.652 |
(23.926) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
8.857 |
8.584 |
(56.941) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
595.571 |
175.400 |
40.397 |
|
|
TOTAL EARNINGS |
595.571 |
175.400 |
40.397 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
19.78 |
19.17 |
(163.32) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approxiamtely) |
|
|
2340.000 |
|
|
|
|
(Increase in
business activity) |
Expected Sales ( 2015-2016) : Rs. 2000.000 Million
The above information has been parted by Mr. Kamal (Account Executive)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
41.685 |
49.216 |
18.050 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
112.755 |
(33.400) |
|
Net cash flow from operating activity |
NA |
112.755 |
(33.400) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.50 |
0.71 |
(7.34) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.55 |
8.60 |
(1.68) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.66 |
1.78 |
(10.52) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.06 |
(0.32) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.29 |
1.32 |
1.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.89 |
0.89 |
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 |
44.780 |
44.780 |
44.780 |
|
Reserves & Surplus |
208.270 |
219.603 |
228.460 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
253.050 |
264.383 |
273.240 |
|
|
|
|
|
|
long-term borrowings |
117.244 |
52.667 |
30.659 |
|
Short term borrowings |
216.192 |
246.808 |
279.440 |
|
Current Maturities of
Long Term Debt |
18.050 |
49.216 |
41.685 |
|
Total borrowings |
351.486 |
348.691 |
351.784 |
|
Debt/Equity ratio |
1.389 |
1.319 |
1.287 |
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 |
775.425 |
1216.477 |
1764.252 |
|
|
|
56.879 |
45.030 |
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 |
775.425 |
1216.477 |
1764.252 |
|
Profit |
(56.941) |
8.584 |
8.857 |
|
|
(7.34%) |
0.71% |
0.50% |
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 |
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 three 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 |
FINANCIAL HIGHLIGHTS:
The Turnover of the Company increased to Rs. 1764.200 Million, during the financial year ended on 31st March, 2014, as compared to last turnover of Rs. 1216.400 Million, thereby registering a growth of 45% as compared to last year
The Profit before tax (PBT) stood at Rs. 18.300 Million, for the current financial year, as compared to a profit of Rs. 16.200 Million in the last financial year, thereby registering a growth of 13% as compared to last year.
The Profit after tax (PAT) is Rs. 885.700 Million, in the current financial year as compared to profit of Rs. 858.400 Million in the last financial year.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
5.204 |
0.004 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
0.000 |
22.798 |
|
Total |
5.204 |
22.802 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10299543 |
01/06/2013 * |
98,200,000.00 |
ORIENTAL BANK OF COMMERCE |
HARSHA BHAWAN, E-BLOCK, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B80144157 |
|
2 |
10274373 |
21/03/2011 |
250,000,000.00 |
UNION BANK OF INDIA |
SME BRANCH, 173-174 DSIDC , OKHLA INDUSTRIAL AREA PHASE-I, NEW DELHI, DELHI - 110020, INDIA |
B08823544 |
|
3 |
10241193 |
01/06/2013 * |
132,700,000.00 |
ORIENTAL BANK OF COMMERCE |
HARSHA BHAWAN, E-BLOCK, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B80182876 |
|
4 |
10218856 |
01/06/2013 * |
50,300,000.00 |
ORIENTAL BANK OF COMMERCE |
HARSHA BHAWAN, E-BLOCK, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B80143563 |
|
5 |
10172622 |
01/06/2013 * |
405,000,000.00 |
ORIENTAL BANK OF COMMERCE |
HARSHA BHAWAN, E-BLOCK, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B80184807 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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. 66.55 |
|
|
1 |
Rs. 100.67 |
|
Euro |
1 |
Rs. 70.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.