MIRA
INFORM REPORT
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Report Date : |
20.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
UNIQUE MOULDINGS PRIVATE LIMITED |
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Registered Office : |
21, Kailash Hills, New Delhi-110030, Delhi |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
16.11.1998 |
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Com. Reg. No.: |
55-97088 |
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CIN No.: [Company
Identification No.] |
U29295DL1998PTC097088 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RTKU00640D |
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PAN No.: [Permanent
Account No.] |
AAACU3122C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Exporters of Engineering Plastic Moulds and Components, Manufacturers of
Engineering Plastic Moulds and Components, Engineering Goods and Equipments. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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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 20000 |
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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 a well established company having satisfactory track. Trade
relations are fair. General financial position is satisfactory. Payments are
usually correct and as pre commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
21, Kailash Hills, New Delhi-110030, Delhi, India |
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Tel. No.: |
91-129-2416670 |
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E-Mail : |
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Factory 1 : |
20A/4, Industrial Area, N.I.T., Faridabad, Haryana, India |
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Tel. No.: |
91-129-5021207/ 2233417 |
DIRECTORS
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Name : |
Mr. Anupam Gulati |
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Designation : |
Director |
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Address : |
21, Kailash Hills, New Delhi-110030, Delhi, India |
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Date of Appointment : |
16.11.1998 |
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Name : |
Mrs. Mukta Gulati |
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Designation : |
Director |
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Address : |
21, Kailash Hills, New Delhi-110030, Delhi, India |
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Date of Appointment : |
16.11.1998 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Anupam Gulati |
214100 |
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Mrs. Mukta Gulati |
175900 |
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Mrs. Pushpa Nagpal |
10000 |
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Total |
400000 |
BUSINESS DETAILS
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Line of Business : |
Exporters of Engineering Plastic Moulds and Components, Manufacturers
of Engineering Plastic Moulds and Components, Engineering Goods and
Equipments. |
GENERAL
INFORMATION
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No. of Employees : |
30 |
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Auditors : |
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Name : |
Rampal & Company Chartered Accountants |
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Address : |
B-317-318, Nehru Ground, Faridabad-121001, Haryana, India |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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4.000 |
4.000 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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1.366 |
0.984 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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5.366 |
4.984 |
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LOAN FUNDS |
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1] Secured Loans |
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15.928 |
12.018 |
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2] Unsecured Loans |
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0.025 |
0.000 |
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TOTAL BORROWING |
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15.953 |
12.018 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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21.319 |
17.002 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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19.603 |
17.571 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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4.460 |
4.673 |
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Sundry Debtors |
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10.966 |
11.502 |
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Cash & Bank Balances |
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1.908 |
0.935 |
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Other Current Assets |
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3.320 |
4.807 |
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Loans & Advances |
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0.000 |
0.000 |
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Total
Current Assets |
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20.654 |
21.917 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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18.370 |
21.705 |
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Provisions |
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0.568 |
0.781 |
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Total
Current Liabilities |
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18.938 |
22.486 |
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Net Current Assets |
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1.716 |
(0.569) |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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21.319 |
17.002 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 (Estimated) |
31.03.2005 (Estimated) |
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Sales Turnover |
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20.000 |
15.000 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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20.000 |
15.000 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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NA |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
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NA |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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NA |
NA |
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Return on Investment (ROI) (PBT/Networth) |
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NA |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
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6.50 |
6.92 |
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Current Ratio (Current Asset/Current Liability) |
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1.09 |
0.97 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8 Particular for
creation or modification of charges
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Corporation identity number or foreign company registrations number of the company |
U29295DL1998PTC097088 |
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Name of the company |
UNIQUE MOULDINGS PRIVATE LIMITED |
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Address |
21, Kailash Hills, New Delhi-110030, Delhi |
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This Form is for |
Creation of charge |
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Type of Charges |
Movable property |
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Particular of the charge holder |
Small Industrial Development Bank of India Head Office, SIDBI Tower, 15, Ashok Marg, Lucknow-226001, Uttar Pradesh, India E-Mail : kripals@sidbi.com |
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Nature or description of the instrument creating charge |
Loan agreement and deed of hypothecation dated 30.01.2007. |
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Date of the instrument creating charge |
01.02.2007 |
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Amount Secure by the charge |
Rs.3.500 millions |
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Brief of the principal terms and conditions and extent and operation of the charge |
Rate of interest 11.50% p.a. Terms of repayment The loan shall be repaid in 50 monthly installments, comprising the first 20 monthly installments of RS.0.050 millions each followed by 20 monthly installments of Rs.0.075 millions each and last 10 installments of Rs.0.100 millions each commencing after 6 months from the date of first disbursement of the loan. Margin As per SIDBI norms Extent and operation of the charge First charge on assets to secure WCTL or Rs.3.500 millions |
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Particulars of the Property charged |
Extension charge on all machinery acquired under the previous assistance and located at shed No.4, Plot No.20A, Industrial Area, NIT, Faridabad and having depreciated value of Rs.10.142 millions as on 31.03.2006 and all other present and future movable properties of the borrower including plant, machinery spares, tools and accessories etc. save and except those charged to its bankers for the working capital limits. |
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.28 |
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UK Pound |
1 |
Rs.86.64 |
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Euro |
1 |
Rs.58.10 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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46 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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PRIVATE
& CONFIDENTIAL : This information is provided to you at
your request, you having employed MIPL for such purpose. You will use the information
as aid only in determining the propriety of giving credit and generally as an
aid to your business and for no other purpose. You will hold the information in
strict confidence, and shall not reveal it or make it known to the subject
persons, firms or corporations or to any other. MIPL does not warrant the
correctness of the information as you hold it free of any liability whatsoever.
You will be liable to and indemnify MIPL for any loss, damage or expense,
occasioned by your breach or non observance of any one, or more of these
conditions