MIRA
INFORM REPORT
|
Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
UTILITY FORMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-23/B-1, Mohan Co-Operative Industrial Estate, Mathua Road, New
Delhi-110044 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
01.04.1982 |
|
|
|
|
Com. Reg. No.: |
55-013408 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1982PTC013408 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELU00573G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU1480F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is
in the business of manufacturing Cheque Books, continuous computer
stationery, MICR cheques and Business Forms. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 740000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office / Factory 1 : |
A-23/B-1, Mohan Co-Operative Industrial Estate, Mathua Road, New Delhi-110044,
India |
|
Tel. No.: |
91-11-46747474 |
|
Fax No.: |
91-11-46747466 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory 2 / Sales Office 1 : |
117, Marol Co-Operative Industrial Estate, M. V. Road, Andheri (East),
Mumbai-400059, Maharashtra, India |
|
Tel. No.: |
91-22-28525159 / 28520972 / 28517123 |
|
Fax No.: |
91-22-66944090 |
|
E-Mail : |
|
|
|
|
|
Factory 3 / Sales Office 2 : |
22J, North Phase, Thiru-Vi-Ka Industrial Estate, Near Vishnu Plaza,
Ekkaduthangal, Chennai-600032, Tamilnadu, India |
|
Tel. No.: |
91-44-43542737 |
|
E-Mail : |
|
|
|
|
|
Sales Office : |
Also Located At ·
Kolkata ·
New Delhi |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Rajeev Mathur |
|
Designation : |
Whole Time Director |
|
Address : |
H-39D, SFS Saket, New Delhi-110017, India |
|
Date of Birth/Age : |
02.03.1954 |
|
Date of Appointment : |
23.11.1982 |
|
DIN No.: |
00759825 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1982PTC013408 |
UTILITY
FORMS PRIVATE LIMITED |
Director |
23-11-82 |
23-11-82 |
Active |
NO |
|
2 |
U74899DL1982PTC012964 |
PARAS
PAPER PRODUCTS PRIVATE LIMITED |
Director |
07-03-03 |
07-03-03 |
Active |
NO |
|
3 |
U72300DL2004PTC129751 |
ORIENT
INFO SYSTEMS PRIVATE LIMITED |
Director |
08-10-04 |
08-10-04 |
Active |
|
|
4 |
U21000DL2004PTC125195 |
SEERAT
GARMENT IMPEX PRIVATE LIMITED |
Director |
17-09-07 |
17-09-07 |
Active |
NO |
|
5 |
U37100DL2009PTC194051 |
UTILITY
IMAGITECH PRIVATE LIMITED |
Director |
08-09-09 |
08-09-09 |
Active |
NO |
|
Name : |
Mr. Gopal Kumar Agarwal |
|
Designation : |
Whole Time Director |
|
Address : |
T-25/9, DLF City, Gurgaon-122002, Hayana, India |
|
Date of Birth/Age : |
15.12.1954 |
|
Date of Appointment : |
01.04.1982 |
|
DIN No.: |
00759946 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1982PTC013408 |
UTILITY
FORMS PRIVATE LIMITED |
Director |
01-04-82 |
01-04-82 |
Active |
NO |
|
2 |
U74899DL1982PTC012964 |
PARAS
PAPER PRODUCTS PRIVATE LIMITED |
Director |
07-03-03 |
07-03-03 |
Active |
NO |
|
3 |
U72300DL2004PTC129751 |
ORIENT
INFO SYSTEMS PRIVATE LIMITED |
Director |
08-10-04 |
08-10-04 |
Active |
|
|
4 |
U21000DL2004PTC125195 |
SEERAT
GARMENT IMPEX PRIVATE LIMITED |
Director |
17-09-07 |
17-09-07 |
Active |
NO |
|
5 |
U37100DL2009PTC194051 |
UTILITY
IMAGITECH PRIVATE LIMITED |
Director |
08-09-09 |
08-09-09 |
Active |
NO |
|
Name : |
Mr. Praveen Agarwal |
|
Designation : |
Whole Time Director |
|
Address : |
A-1/52(GF) , Safd Arjung Enclave, New Delhi-110029, India |
|
Date of Birth/Age : |
17.08.1955 |
|
Date of Appointment : |
24.04.1982 |
|
DIN No.: |
00929386 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U74899DL1982PTC013408 |
UTILITY
FORMS PRIVATE LIMITED |
Director |
24-04-82 |
24-04-82 |
Active |
NO |
|
2 |
U74899DL1982PTC012964 |
PARAS
PAPER PRODUCTS PRIVATE LIMITED |
Director |
07-04-03 |
07-04-03 |
Active |
NO |
|
3 |
U72300DL2004PTC129751 |
ORIENT
INFO SYSTEMS PRIVATE LIMITED |
Director |
08-10-04 |
08-10-04 |
Active |
|
|
4 |
U21000DL2004PTC125195 |
SEERAT
GARMENT IMPEX PRIVATE LIMITED |
Director |
30-03-09 |
30-03-09 |
Active |
NO |
|
5 |
U37100DL2009PTC194051 |
UTILITY
IMAGITECH PRIVATE LIMITED |
Director |
08-09-09 |
08-09-09 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2009
|
Names of Shareholders |
No. of Shares |
|
Gopal Kumar Agarwal |
282900 |
|
Gopal Kumar Agarwal HUF |
120000 |
|
Praveen Agarwal |
282900 |
|
Praveen Agarwal HUF |
120000 |
|
Pradeep Kumar Agarwal |
60 |
|
Pradeep Kumar Agarwal HUF |
60 |
|
Premila Agarwal |
600 |
|
Rajeev Mathur |
153600 |
|
Poonam agarwal |
101580 |
|
Satish Mathur |
60 |
|
Achla Mathur |
156000 |
|
Sarita Agarwal |
101580 |
|
Veena Agarwal |
120 |
|
Sumit Agarwal |
120 |
|
Tarun Agarwal |
120 |
|
Chandni Agarwal |
60 |
|
Arushi Agarwal |
60 |
|
Abhilasha Mathur |
60 |
|
Ashish Agarwal |
60 |
|
Esha Agarwal |
60 |
|
Total |
1320000 |
AS ON 30.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
99.98 |
|
Others |
0.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is in
the business of manufacturing Cheque Books, continuous computer stationery,
MICR cheques and Business Forms. |
GENERAL INFORMATION
|
Bankers : |
·
Indian Bank, AB-20, S. D. Eclave, New
Delhi-110029, India ·
Axis Bank ·
HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A V Ravindranath Chartered Accountant |
|
Address : |
25, Anand Lok, New Delhi-110049, India
|
|
Tel. No.: |
91-11-26257267 / 26256042 / 26251969 |
|
Fax No.: |
91-11-41642667 |
|
|
|
|
Subsidiaries : |
Paras Paper Products Private Limited CIN No.: U74899DL1982PTC012964 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1320000 |
Equity Shares |
Rs.10/- each |
Rs. 13.200
Millions |
|
|
|
|
|
Note:
[of the above shares 1210000 are allotted as
fully paid bonus shares by capitalization of General Reserve]
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
13.200 |
13.200 |
13.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
173.005 |
161.737 |
154.471 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
186.205 |
174.937 |
167.671 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
39.472 |
42.399 |
46.711 |
|
|
2] Unsecured Loans |
2.750 |
1.006 |
2.550 |
|
|
TOTAL BORROWING |
42.222 |
43.405 |
49.261 |
|
|
DEFERRED TAX LIABILITIES |
8.658 |
8.847 |
9.829 |
|
|
|
|
|
|
|
|
TOTAL |
237.085 |
227.189 |
226.761 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
134.124 |
118.609 |
121.829 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
39.973 |
34.356 |
35.714 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.174
|
17.644 |
15.212 |
|
|
Sundry Debtors |
31.630
|
28.634 |
31.951 |
|
|
Cash & Bank Balances |
4.565
|
4.922 |
6.879 |
|
|
Other Current Assets |
0.609
|
0.422 |
0.154 |
|
|
Loans & Advances |
44.533
|
56.163 |
53.340 |
|
Total
Current Assets |
99.511
|
107.785 |
107.536 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
14.835
|
13.698 |
14.931 |
|
|
Other Current Liabilities |
10.759
|
10.325 |
8.864 |
|
|
Provisions |
10.929
|
9.538 |
14.523 |
|
Total
Current Liabilities |
36.523
|
33.561 |
38.318 |
|
|
Net Current Assets |
62.988
|
74.224 |
69.218 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
237.085 |
227.189 |
226.761 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
271.469 |
234.350 |
203.740 |
|
|
|
Other Income |
1.077 |
1.380 |
50.245 |
|
|
|
TOTAL (A) |
272.546 |
235.730 |
253.985 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
105.817 |
87.810 |
80.955 |
|
|
|
Manufacturing and Operating Expenses |
60.828 |
53.191 |
44.122 |
|
|
|
Administrative Expenses |
57.340 |
52.390 |
42.444 |
|
|
|
(Increase) / Decrease in Stock |
0.314 |
(0.335) |
(0.212) |
|
|
|
TOTAL (B) |
224.299 |
193.056 |
167.309 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
48.247 |
42.674 |
86.676 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.899 |
4.934 |
3.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
44.348 |
37.740 |
82.826 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
22.292 |
21.312 |
19.653 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
22.056 |
16.428 |
63.173 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.699 |
6.074 |
14.440 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
14.357 |
10.354 |
48.733 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
3.089 |
3.089 |
3.089 |
|
|
BALANCE CARRIED
TO THE B/S |
11.268 |
7.265 |
45.644 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
9.095 |
3.299 |
4.930 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
9.329 |
10.184 |
7.097 |
|
|
|
Capital Goods |
2.190 |
2.096 |
39.767 |
|
|
TOTAL IMPORTS |
11.519 |
12.280 |
46.864 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.88 |
7.84 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.27
|
4.39 |
19.19 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.12
|
7.01 |
23.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.44
|
7.26 |
27.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.09 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.47
|
0.49 |
0.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.72
|
3.21 |
2.81 |
LOCAL AGENCY FURTHER INFORMATION
OPERATONS
During the year
the company was able to achieve turnover of Rs. 271.469 millions as against
Rs.234.350 millions for the previous year ended 31st March, 2009. The Directors
are confident of registering higher turnover in future years in view of the
expansions and additional installation of plant and machinery.
CONTINGENT
LIABILITIES (AS ON 31.03.2010)
Guarantees given
by the bankers on behalf of the Company Rs. 1.059 millions (Previous Year Rs.
0.969 million)
FORM 8
|
Corporate
identity number of the company |
U74899DL1982PTC013408 |
|
Name of the
company |
UTILITY FORMS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-23/B-1, Mohan Co-Operative Industrial Estate, Mathua Road, New Delhi-110044, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Indian Bank, AB-20, S. D. Eclave, New Delhi-110029, India |
|
Nature of
instrument creating charge |
OCC Limit Is Increased
To Rs. 20.000 millions From Existing Limit Of Rs.10.000 millions. Form D-105
Agreement For Open Cash Credit (Stock / Book debts) Form D-33 Letter
From Party To Bank Confirming Extension of Equitable Mortgage |
|
Date of
instrument Creating the charge |
08.05.2008 |
|
Amount secured by
the charge |
Rs. 20.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest Rate -
BPLR + 0.5% ( At Present 13% ) Terms of repayment One Year Margin 25% Extent and operation of the charge Cash Credit ( OCC
) Limit of Rs. 20.000 millions |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
Over Machinery Installed And Proposed To be Installed In The Premises No.
A-23/B-1, Mohan Co-Operative Industrial Estate, Mathura Road, New Delhi-44,
And All The Existing And Future Assets And Spares And Stores As Well As
Receivable Claims, Including Raw Material, Work In Progress, Finished / Semi
finished Goods, Book Debts, Bills Sent For Collection Etc. Equitable
Mortgage of Plot No. 1, Road No. V-40 At DLF Quatub Enclave, Phase-Iii,
Gurgaon (Hr), Measuring 420 Sq. Mtrs. |
|
Charge
identification number of the charge to be modified |
10038268 |
|
Particulars of the
present modification |
Cash Credit (OCC)
Limit Increased To Rs. 20.000 millions From Existing Limit of Rs. 10.000
millions |
FIXED ASSETS
·
Land
·
Plant and Machinery
·
Xerox Printer
·
Electric Winch
·
Coolers
·
Water Coolers
·
Air Conditioner
·
Electric Fittings
·
Office Equipment
·
Fax Machine
·
UPS
·
Type Writer
·
Plate Processor
·
Pager
·
Mobile Phone
·
Film Processor
·
Car
·
Scooter
·
Computers
·
Computers Software
·
Laser Printers
·
Data Card Machine
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 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 49.78 |
|
|
1 |
Rs. 80.10 |
|
Euro |
1 |
Rs. 68.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.