MIRA INFORM REPORT
|
Report No. : |
347743 |
|
Report Date : |
31.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SREEPATHI LAB PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
103, Tirumala Gardens, Ranga Raju Lane, Road No.1, Banjara Hills, Hyderabad – 500034, Telangana |
|
Tel. No.: |
91-40-23351381 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.06.2004 |
|
|
|
|
Com. Reg. No.: |
36-043403 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.58.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239TG2004PTC043403 |
|
|
|
|
IEC No.: |
0904008584 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS8358R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporters of Pharmaceutical active Ingredients, Drug
Intermediates and Fine Chemicals. |
|
|
|
|
No. of Employees
: |
175 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Sreepathi Lab Private Limited was incorporated in the year 2004 and it
is having a moderate track. The company has growth in its turnover during FY 2014 however, it has
incurred loss from its operations. Rating is constrained on company’s huge accumulated losses over the
year which has fully eroded entire networth of the company. Further, rating is constrained on susceptibility to volatility in the
raw material prices and intense competition along with government regulations
in the industry. Business is active. Payments are reported as slow. The company can be considered for business dealings on safe and
secured 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. Gajanand Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9849909999 |
|
Date : |
29.10.2015 |
LOCATIONS
|
Registered Office : |
103, Tirumala Gardens, Ranga Raju Lane, Road No.1, Banjara Hills, Hyderabad – 500034, Telangana, India |
|
Tel. No.: |
91-40-23351381 |
|
Mobile No.: |
91-9849909999 (Mr. Gajanand Gupta) |
|
Fax No.: |
91-40-40144663 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Flat No. 5B, Divya Sai Shakti Apartments, 6-6-347/20/3A, Dwarkapuri Colony, Punjagutta, Hyderabad – 500082, Telangana, India |
|
Tel. No.: |
91-40-23351381/82 |
|
Fax No.: |
91-40-40144663 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Survey No.26/27, National Highway No. 9, Gundrampallyn Village,
Chityal Mandal, Nalgonda - 508114, Telangana, India |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Satyanarayana Venkata Sakhamuri |
|
Designation : |
Director |
|
Address : |
495/2RT, Sanjeeva Reddy Nagar, Hyderabad - 500038, Telangana, India |
|
Date of Birth/Age : |
01.09.1965 |
|
Date of Appointment : |
03.10.2006 |
|
PAN No.: |
AREPS0850M |
|
DIN No.: |
00841032 |
|
|
|
|
Name : |
Mr. Anup Agarwal |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 103, Tirumala Gardens, Naveen Nagar, Road No. 1, Banjara Hills, Hyderabad - 500034, Telangana, India |
|
Date of Birth/Age : |
01.08.1967 |
|
Date of Appointment : |
04.06.2004 |
|
PAN No.: |
ADHPA9938K |
|
DIN No.: |
00166577 |
|
|
|
|
Name : |
Mr. Gajanand Gupta |
|
Designation : |
Director |
|
Address : |
5-9-22/108, First Floor, Adarshnagar, Hyderabad - 500463, Telangana, India |
|
Date of Birth/Age : |
04.09.1951 |
|
Date of Appointment : |
03.10.2006 |
|
PAN No.: |
ACNPD2450Q |
|
DIN No.: |
01643269 |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anup Agarwal |
|
837300 |
|
Asha Agarwal |
|
742600 |
|
Ashok Bhandar |
|
25000 |
|
Tirupati Bhandar |
|
25000 |
|
Yutika Holdings Private Limited, India |
|
359000 |
|
Gajanand Gupta |
|
483000 |
|
Anand Gupta |
|
110000 |
|
Sangeeta Gupta |
|
35000 |
|
Sanjay Gupta |
|
120000 |
|
Shashikala Gupta |
|
40000 |
|
Vijetha Gupta |
|
100000 |
|
Vikram Gupta |
|
50000 |
|
Gajanand Gupta |
|
80000 |
|
S. V. Satyanarayana |
|
1144600 |
|
S. Anita |
|
900500 |
|
S. V. S. R. V. Prasad |
|
225000 |
|
Manjula Devi |
|
81000 |
|
Kailash Stores Private Limited |
|
100000 |
|
K. C. Agarwal |
|
5000 |
|
M. V. Nandini |
|
83000 |
|
M. V. Raman |
|
110000 |
|
M. Muthuvardhan |
|
47000 |
|
Sanjay Agarwal |
|
77000 |
|
Atika Gupta |
|
70000 |
|
Total |
|
5850000 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
7.86 |
|
Directors or relatives of Directors |
91.29 |
|
Other top fifty shareholders |
0.85 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of Pharmaceutical active Ingredients, Drug
Intermediates and Fine Chemicals. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Imports : |
Not Available |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, L/C and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and Manufacturers
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
175 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Dhanunjaya and Haranath Chartered Accountants |
|
Address : |
Flat No. 102, Bhadra Residency House No. 7-2-1735 and 7-2-1813/5/A, Czech Colony, Sanath Nagar, Hyderabad – 500018, Telangana, India |
|
PAN No.: |
AAJFD2429F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5850000 |
Equity Shares |
Rs.10/- each |
Rs.58.500
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 |
58.500 |
58.500 |
58.500 |
|
(b) Reserves &
Surplus |
(128.991) |
(69.864) |
(72.622) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
1.500 |
1.500 |
1.500 |
|
Total Shareholders’ Funds
(1) + (2) |
(68.991) |
(9.864) |
(12.622) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
112.841 |
119.246 |
87.389 |
|
(b) Deferred tax
liabilities (Net) |
(1.300) |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
111.541 |
119.246 |
87.389 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
78.160 |
106.292 |
108.087 |
|
(b) Trade payables |
19.927 |
40.000 |
58.241 |
|
(c) Other current
liabilities |
84.164 |
17.869 |
69.153 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
182.251 |
164.161 |
235.481 |
|
|
|
|
|
|
TOTAL |
224.801 |
273.543 |
310.248 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
152.557 |
159.197 |
140.747 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
2.951 |
2.897 |
31.133 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.539 |
0.539 |
0.539 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.076 |
1.136 |
1.408 |
|
(e) Other Non-current
assets |
1.555 |
3.669 |
7.247 |
|
Total Non-Current Assets |
158.678 |
167.438 |
181.074 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4.579 |
16.274 |
35.040 |
|
(c) Trade receivables |
22.565 |
31.742 |
15.409 |
|
(d) Cash and cash
equivalents |
0.544 |
2.607 |
1.271 |
|
(e) Short-term loans and
advances |
2.610 |
15.328 |
36.158 |
|
(f) Other current assets |
35.825 |
40.154 |
41.296 |
|
Total Current Assets |
66.123 |
106.105 |
129.174 |
|
|
|
|
|
|
TOTAL |
224.801 |
273.543 |
310.248 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
141.616 |
105.402 |
135.446 |
|
|
|
|
|
|
|
EXPENSES |
123.456 |
88.492 |
181.083 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
18.160 |
16.910 |
(45.637) |
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES |
32.572 |
5.530 |
36.091 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
(14.040) |
11.380 |
(81.727) |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
8.690 |
8.629 |
7.475 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(58.670) |
2.756 |
(89.202) |
|
|
|
|
|
|
|
|
TAX |
0.456 |
0.000 |
(4.761) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(59.126) |
2.756 |
(84.441) |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(71.364) |
(74.122) |
10.320 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(130.490) |
(71.364) |
(74.122) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2.180 |
1.500 |
7.038 |
|
|
TOTAL IMPORTS |
2.180 |
1.500 |
7.038 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
10.10 |
0.47 |
(14.43) |
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 |
0.034 |
40.598 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from operating activities |
44.349 |
25.091 |
9.248 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
(41.75) |
2.61 |
(62.34) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Total Income) |
(%) |
12.82 |
16.04 |
(33.69) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(26.51) |
1.02 |
(32.02) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.85 |
(0.28) |
7.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(2.77) |
(22.87) |
(18.70) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.36 |
0.65 |
0.55 |
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 |
58.500 |
58.500 |
58.500 |
|
Reserves & Surplus |
(72.622) |
(69.864) |
(128.991) |
|
Share Application money pending
allotment |
1.500 |
1.500 |
1.500 |
|
Net worth |
(12.622) |
(9.864) |
(68.991) |
|
|
|
|
|
|
long-term borrowings |
87.389 |
119.246 |
112.841 |
|
Short term borrowings |
108.087 |
106.292 |
78.160 |
|
Current Maturities of
Long Term Debt |
40.598 |
0.034 |
0.000 |
|
Total borrowings |
236.074 |
225.572 |
191.001 |
|
Debt/Equity ratio |
(18.703) |
(22.868) |
(2.768) |
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) |
|
Total Income |
135.446 |
105.402 |
141.616 |
|
|
|
(22.182) |
34.358 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
135.446 |
105.402 |
141.616 |
|
Profit |
(84.441) |
2.756 |
(59.126) |
|
|
(62.34%) |
2.61% |
(41.75%) |
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 |
Yes |
|
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% |
---------------------- |
|
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
0.128 |
6.248 |
|
Other loans and advances |
0.515 |
0.800 |
|
Total |
0.643 |
7.048 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10054062 |
20/03/2009 * |
236,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, 1ST FLOOR, NAVABHARAT, |
A60100112 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Factory Equipments
- furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
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.65.22 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KYP |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
--- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
--- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
15 |
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.