MIRA INFORM REPORT
|
Report No. : |
346805 |
|
Report Date : |
29.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
CENTURY PHARMACEUTICALS LIMITED (w.e.f. 30.03.1994) |
|
|
|
|
Formerly Known
As : |
CENTURY PHARMACEUTICALS PRIVATE LIMITED CENTURY DRUGS LIMITED |
|
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|
|
Registered
Office : |
406, Word Trade Centre, Sayjigunj, Vododara- 390005, Gujarat |
|
Tel. No.: |
91-265-2361978/2361581/2362509 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
16.11.1989 |
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|
|
|
Com. Reg. No.: |
04-013000 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.241 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230GJ1989PLC013000 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDC00529E |
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|
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PAN No.: [Permanent Account No.] |
AAACC7646K |
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Legal Form : |
A Closely Held Public Limited Liability Subject |
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Line of Business
: |
Subject is engaged in the manufacture and export of Active
Pharmaceutical Ingredients (APIs) |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 480000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1989 and
has satisfactory track. As per registrar of companies the date of balance sheet (i.e.
financial field) is shown as 31.03.2015 but documents related to financial
for the year ending 2015 is not available from any source. However, the rating takes into consideration strong financial risk
profile of the company marked by adequate networth base and comfortable
gearing in FY14. Further the company has reported significant increase in sales
turnover and profit along with decent profit margin of nearly 5% in the year
under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track of business operations along with decent
financial condition, the company can be considered for business dealings with
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 |
ICRA |
|
Rating |
Long term rating BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
August, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
August, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
LOCATIONS
|
Registered Office/
Corporate Office : |
406, Word Trade Centre, Sayjigunj, Vododara- 390005, Gujarat, India |
|
Tel. No.: |
91-265-2361978/2361581/2362509 |
|
Fax No.: |
91-265-2226023 |
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E-Mail : |
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|
Website : |
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|
|
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|
Factory : |
103 – 106, G.I.D.C. Estate, Halol – 389350 District Panchmahals Gujarat, India |
|
Tel. No.: |
91-2676-223220/ 223781 /223782/ 220912 |
|
E-Mail : |
DIRECTORS
As on 19.09.2014
|
Name : |
Mr. Janak Kanalyalal Sheth |
|
Designation : |
Managing Director |
|
Address : |
54, Suvarnapuri Society, Chikuwadi, Jetalpur Road, Vadodara-390007, Gujarat,
India |
|
Date of Birth/Age : |
17.10.1953 |
|
Date of Appointment : |
16.11.1989 |
|
DIN No.: |
00049392 |
|
|
|
|
Name : |
Mrs. Vaishali Janak Sheth |
|
Designation : |
Whole Time Director |
|
Address : |
54, Suvarnapuri Society, Chikuwadi, Jetalpur Road, Vadodara-390007, Gujarat,
India |
|
Date of Birth/Age : |
31.08.1959 |
|
Date of Appointment : |
16.11.1989 |
|
DIN No.: |
00049421 |
|
|
|
|
Name : |
Mr. Manharlal Ratanlal Katwala |
|
Designation : |
Director |
|
Address : |
21, Anupam Society, Near Sardar Baug Atithi Gruh Alkapuri, Vadodara –
390007, Gujarat, India |
|
Date of Birth/Age : |
08.10.1931 |
|
Date of Appointment : |
20.07.2000 |
|
DIN No.: |
00049787 |
|
|
|
|
Name : |
Mr. Rajnikant Gokuldas Kadakia |
|
Designation : |
Director |
|
Address : |
5, IOC Nagar housing society, Old padre Road, Vadodara – 390015, Gujarat,
India |
|
Date of Birth/Age : |
04.01.1929 |
|
Date of Appointment : |
18.09.2010 |
|
DIN No.: |
03256416 |
|
|
|
|
Name : |
Mr. Arvind Modi |
|
Designation : |
Nominee Director |
|
Address : |
M/S. Kisan Kiran 150 Bapu Marg, Sadar Bazar Champa Janigir-495671, Chhattisgarh,
India |
|
Date of Birth/Age : |
07.09.1980 |
|
Date of Appointment : |
05.05.2012 |
|
DIN No.: |
0527760 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Janak Kanalyalal Sheth |
|
2265180 |
|
Vaishali Janak Sheth |
|
606700 |
|
Rajesh K Sheth |
|
3010 |
|
Subodh Sharoff |
|
3010 |
|
Manharlal Ratanlal Katwala |
|
10 |
|
GVFL Trustee Subject Private Limited, India |
|
43120 |
|
Jairam Shastry |
|
3000 |
|
R J Sheth |
|
100100 |
|
Total |
|
3024130 |
Equity Share Break up (Percentage of Total Equity)
As on 19.09.2014
|
Category |
Percentage |
|
Venture Capital |
1.43 |
|
Directors or relatives of Directors |
98.37 |
|
Other top fifty shareholders |
0.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacture and export of Active
Pharmaceutical Ingredients (APIs) |
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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 : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
Bank of Baroda, IBB Branch, Ground Floor, Surajplaza Building, Sayajigunj, Vadodara - 380006, Gujarat, India |
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Facilities : |
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Auditors : |
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Name : |
Naresh and Company Chartered Accountant |
|
Address : |
City Enclave, Near Baroda High School, Opposite Polo Ground, Vadodara –
390001, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACFM7595E |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 19.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,024,130 |
Equity Shares |
Rs.10/- each |
Rs. 30.241
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 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
30.241 |
30.241 |
30.241 |
|
(b) Reserves & Surplus |
137.967 |
105.295 |
88.178 |
|
(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) |
168.208 |
135.536 |
118.419 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.669 |
26.319 |
23.118 |
|
(b) Deferred tax liabilities (Net) |
18.064 |
17.609 |
17.783 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.051 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
44.784 |
43.928 |
40.901 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
49.072 |
51.254 |
45.764 |
|
(b) Trade
payables |
110.258 |
43.891 |
30.219 |
|
(c) Other current
liabilities |
19.989 |
6.518 |
5.711 |
|
(d) Short-term
provisions |
23.569 |
6.827 |
1.870 |
|
Total Current
Liabilities (4) |
202.888 |
108.490 |
83.564 |
|
|
|
|
|
|
TOTAL |
415.880 |
287.954 |
242.884 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
101.837 |
106.500 |
110.494 |
|
(ii)
Intangible Assets |
0.000 |
0.015 |
0.030 |
|
(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 |
0.782 |
0.822 |
1.253 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
102.619 |
107.337 |
111.777 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
94.565 |
37.508 |
27.065 |
|
(c) Trade
receivables |
166.830 |
98.426 |
55.307 |
|
(d) Cash
and cash equivalents |
10.524 |
9.097 |
12.866 |
|
(e)
Short-term loans and advances |
41.342 |
35.586 |
35.869 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
313.261 |
180.617 |
131.107 |
|
|
|
|
|
|
TOTAL |
415.880 |
287.954 |
242.884 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
671.056 |
414.246 |
458.182 |
|
|
|
Other Income |
1.253 |
3.016 |
1.795 |
|
|
|
TOTAL (A) |
672.309 |
417.262 |
459.977 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
570.974 |
329.421 |
354.344 |
|
|
|
Purchases of Stock-in-Trade |
4.039 |
7.863 |
4.139 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(49.735) |
(1.406) |
28.404 |
|
|
|
Employees benefits expense |
15.094 |
12.178 |
10.501 |
|
|
|
Other expenses |
62.246 |
29.784 |
37.083 |
|
|
|
MAT Credit Entitlement |
0.000 |
(0.413) |
(4.408) |
|
|
|
Prior years income Tax Adjustment |
0.000 |
0.020 |
0.034 |
|
|
|
TOTAL (B) |
602.618 |
377.447 |
430.097 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
69.691 |
39.815 |
29.880 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
8.070 |
11.174 |
11.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
61.621 |
28.641 |
17.980 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
5.112 |
5.022 |
4.847 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
56.509 |
23.619 |
13.133 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
18.531 |
6.500 |
3.553 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
37.978 |
17.119 |
9.580 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
309.331 |
133.329 |
47.311 |
|
|
TOTAL EARNINGS |
309.331 |
133.329 |
47.311 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
481.825 |
276.757 |
250.259 |
|
|
|
Consumable and Materials R & D |
0.000 |
0.084 |
1.583 |
|
|
TOTAL IMPORTS |
481.825 |
276.841 |
251.842 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
12.56 |
5.66 |
3.17 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.650 |
0.650 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.66 |
4.13 |
2.09 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.39 |
9.61 |
6.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.59 |
8.20 |
5.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.17 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.58 |
0.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54 |
1.66 |
1.57 |
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 |
30.241 |
30.241 |
30.241 |
|
Reserves & Surplus |
88.178 |
105.295 |
137.967 |
|
Net
worth |
118.419 |
135.536 |
168.208 |
|
|
|
|
|
|
long-term borrowings |
23.118 |
26.319 |
25.669 |
|
Short term borrowings |
45.764 |
51.254 |
49.072 |
|
Current maturities of
long-term debts |
0.000 |
0.650 |
0.650 |
|
Total
borrowings |
68.882 |
78.223 |
75.391 |
|
Debt/Equity
ratio |
0.582 |
0.577 |
0.448 |
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 |
458.182 |
414.246 |
671.056 |
|
|
|
(9.589) |
61.995 |
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 |
458.182 |
414.246 |
671.056 |
|
Profit |
9.580 |
17.119 |
37.978 |
|
|
2.09% |
4.13% |
5.66% |
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 |
No |
|
8] |
Designation of contact person |
No |
|
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) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
|
|
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% |
-- |
|
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 |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Debentures 2111883% Optionally Convertible Debenture of Rs.100 each (P Y 21188) |
21.119 |
21.119 |
|
Others From Biotech Consortium India Limited |
4.550 |
5.200 |
|
Total |
25.669 |
26.319 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10268960 |
04/07/2012 * |
323,500,000.00 |
BANK OF BARODA |
IBB Branch, Ground Floor,, Surajplaza Building, Sayajigunj, Vadodara,
Gujarat - 380006, INDIA |
B43069442 |
|
2 |
10173435 |
07/09/2009 |
2,500,000.00 |
DEPARTMENT OF BIOTECHNOLOGY |
BLOCK 2, CGO COMPLEX,, LODHI ROAD,, NEW DELHI, Delhi - 110033, INDIA |
A68898493 |
|
3 |
10086463 |
16/12/2011 * |
323,500,000.00 |
BANK OF BARODA |
IBB BRANCH, GROUND FLOOR,, SURAJPLAZA BUILDING, S |
B28326973 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against the company not acknowledged as debt |
|
|
|
Guarantees (Bank Guarantee) |
0.392 |
0.342 |
|
Other Moneys for which company is
contingently liable |
0.000 |
0.293 |
|
Total |
0.392 |
0.635 |
FIXED ASSETS
- Land
- Factory land
- Office building
- Plant and Machinery
- Furniture and fixture
- Computer
- Office equipment
- Vehicle
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.95 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.