1.
Summary Information
|
|
|
Country |
|
|
Company Name |
UB INTERNATIONAL
TRADING LIMITED |
Principal Name 1 |
Mr. Shashikanth Venkatesh |
|
Status |
Moderate |
Principal Name 2 |
Mr. Babugowda Patil |
|
|
|
Registration # |
08-29428 |
|
Street Address |
UB Tower, Level
12, UB City, 24, Vittal |
||
|
Established Date |
21.08.2001 |
SIC Code |
-- |
|
Telephone# |
91-80-22111600 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-22111616 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Leather Shoes |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.500,020/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate-100% |
Banking |
ICICI Bank |
|
Public Limited Corp. |
NO |
Business Period |
10 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
|
United Breweries (Holding) Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
27,403,000 |
Current Liabilities |
79,906,000 |
|
Inventories |
34,749,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
15,202,000 |
Other Liabilities |
7,175,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
87,081,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
(10,227,000) |
|
|
|
Net Worth |
(9,727,000) |
|
Total Assets |
77,354,000 |
Total Liab. & Equity |
77,354,000 |
|
Total Assets (Previous Year) |
45,398,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
287,406,000 |
Net Profit |
2,618,000 |
|
Sales(Previous yr) |
394,610,000 |
Net Profit(Prev.yr) |
(15,710,000) |
MIRA
INFORM REPORT
|
Report Date : |
14.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
UB INTERNATIONAL TRADING LIMITED |
|
|
|
|
Registered
Office : |
UB Tower, Level 12, UB City, 24, Vittal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
21.08.2001 |
|
|
|
|
Com. Reg. No.: |
08-29428 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19202KA2001PLC029428 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRU00854A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU5060H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Leather Shoes. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of United Breweries (Holding) Limited. It is
an established company having moderate track. Trade relations are reported as
fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
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 : |
UB Tower, Level 12, UB City, 24, Vittal |
|
Tel. No.: |
91-80-22111600 |
|
Fax No.: |
91-80-22111616 |
|
E-Mail : |
|
|
|
|
|
Factory : |
|
|
Tel. No.: |
91-4174-241177 |
DIRECTORS
AS ON 27.09.2010
|
Name : |
Mr. Shashikanth Venkatesh |
|
Designation : |
Director |
|
Address : |
694, 10th |
|
Date of Birth/Age : |
06.01.1961 |
|
Date of Appointment : |
12.04.2005 |
|
DIN No.: |
00240230 |
Other Directorship:
|
S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company Status |
Defaulting status |
|
1 |
U02212KA2002PTC030435 |
CINEBLITZ
PRODUCTIONS PRIVATE LIMITED |
Director |
11-07-03 |
11-07-03 |
- |
Active |
NO |
|
2 |
U85110KA1988PLC009582 |
UNITED RACING
AND BLOODSTOCK BREEDERS LIMITED. |
Director |
19-01-04 |
19-01-04 |
- |
Active |
NO |
|
3 |
U67120MH1984PTC034852 |
VJM MEDIA
PRIVATE LIMITED |
Director |
20-10-04 |
20-10-04 |
18-12-08 |
Active |
NO |
|
4 |
U19202KA2001PLC029428 |
UB INTERNATIONAL
TRADING LIMITED |
Director |
12-04-05 |
12-04-05 |
- |
Active |
NO |
|
5 |
U74930KA2006PLC039816 |
CITY PROPERTIES
MAINTENANCE COMPANY BANGALORE LIMITED |
Director |
26-06-06 |
26-06-06 |
- |
Active |
NO |
|
6 |
U19201KA2008PTC046875 |
MODA SUOLE
(INDIA) PRIVATE LIMITED |
Director |
23-06-08 |
23-06-08 |
- |
Active |
NO |
|
7 |
U70109KA2011PLC060546 |
UB Realty
Limited |
Director |
22-09-11 |
22-09-11 |
- |
Active |
NO |
|
Name : |
Mr. Babugowda Sangangowda Patil |
|
Designation : |
Director |
|
Address : |
149 5th Cross 10th Main Rajamahal Vilas
Entension, Bangalore-560080, |
|
Date of Birth/Age : |
20.01.1944 |
|
Date of Appointment : |
28.03.2006 |
|
DIN No.: |
00061959 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
L21014KA1980PLC003842 |
SHETRON
LIMITED |
Director |
27-09-02 |
27-09-02 |
- |
Active |
NO |
|
2 |
L15421PN1939PLC006738 |
THE
UGAR SUGAR WORKS LIMITED |
Director |
28-03-05 |
28-03-05 |
19-03-10 |
Active |
NO |
|
3 |
U15421KA2002PLC029968 |
SADASHIVA
SUGARS LIMITED |
Director |
09-12-05 |
09-12-05 |
18-08-11 |
Active |
NO |
|
4 |
U74140KA2004PTC034016 |
SANYO
BPL PRIVATE LIMITED |
Director |
15-12-05 |
15-12-05 |
01-01-09 |
Under
liquidation |
NO |
|
5 |
L85110KA1915PLC000740 |
UNITED
BREWERIES (HOLDINGS) LIMITED |
Director |
22-03-06 |
22-03-06 |
- |
Active |
NO |
|
6 |
U01100MH1988PLC049515 |
GROVER
VINEYARDS LIMITED |
Director |
30-09-06 |
23-03-06 |
- |
Active |
NO |
|
7 |
U19202KA2001PLC029428 |
UB
INTERNATIONAL TRADING LIMITED |
Director |
28-03-06 |
28-03-06 |
- |
Active |
NO |
|
8 |
L29199KA1985PLC006934 |
SUPRAJIT
ENGINEERING LIMITED |
Director |
19-06-06 |
19-06-06 |
- |
Active |
NO |
|
9 |
L24123KA1966PLC002036 |
MANGALORE
CHEMICALS AND FERTILISERS LIMITED |
Director |
27-11-06 |
27-11-06 |
- |
Active |
NO |
|
10 |
U18101KA2002PLC030185 |
SCOTTS
GARMENTS LIMITED |
Director |
04-07-07 |
04-07-07 |
- |
Active |
NO |
|
11 |
U45201AP2001PLC036617 |
AMR
CONSTRUCTIONS LIMITED |
Director |
24-09-08 |
03-06-08 |
- |
Active |
NO |
|
12 |
L27104TN1991PLC020533 |
SURANA
INDUSTRIES LIMITED |
Director |
10-06-10 |
30-10-09 |
- |
Active |
NO |
|
13 |
U40104MH2007PTC175502 |
ODETTA
REALTY PRIVATE LIMITED |
Additional
director |
28-07-10 |
28-07-10 |
20-09-10 |
Active |
NO |
|
14 |
U27300KA2011PTC058145 |
B R
S PRECISION MANUFACTURING PRIVATE LIMITED |
Director |
13-04-11 |
13-04-11 |
- |
Active |
NO |
|
Name : |
Mr. Ranganathan Sivanandam |
|
Designation : |
Additional Director |
|
Address : |
528/B, 43, Jai Hanuman Nagar, Arakere, Bangalore-560076, Karnataka,
India |
|
Date of Birth/Age : |
15.04.1968 |
|
Date of Appointment : |
16.11.2009 |
|
DIN No.: |
02875426 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2010
|
Names of Shareholders |
No. of Shares |
|
United Breweries (Holding) Limited, India and
Deeepak Anerd |
10000 |
|
United Breweries (Holding) Limited, India and V Shashikanth |
10000 |
|
United Breweries (Holding) Limited, India and S R
Gopalan |
10000 |
|
United Breweries (Holding) Limited, India and V
Parameshwaran |
10000 |
|
United Breweries (Holding) Limited, India and A Z
Sharieff |
10000 |
|
United Breweries (Holding) Limited, India and
Kaushik Majumder |
1 |
|
United Breweries (Holding) Limited, India and K C
Sudarshan |
1 |
|
|
|
|
Total |
50002 |
AS ON 27.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Leather Shoes. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Finished Shoes |
Pairs |
NA |
375000 |
279949 |
GENERAL INFORMATION
|
Bankers : |
·
ICICI Bank |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. Nityananda and Company Chartered Accountants |
|
Address : |
#76, 1st Floor, |
|
Tel. No.: |
91-80-26615056 / 26606603 / 26614906 |
|
Fax No.: |
91-80-26615056 |
|
E-Mail : |
|
|
|
|
|
Holding Company : |
United Breweries (Holding) Limited CIN No.: L85110KA1915PLC000740 |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50002 |
Equity Shares |
Rs.10/- each |
Rs. 0.500
Million |
|
|
|
|
|
Note: [All the above shares are held Jointly by
United Breweries (Holdings) Limited, the holding Company and its Nominees].
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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
2.863 |
|
|
4] (Accumulated Losses) |
(10.227) |
(12.846) |
0.000 |
|
|
NETWORTH |
(9.727) |
(12.346) |
3.363 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.091 |
0.307 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.091 |
0.307 |
|
|
DEFERRED TAX LIABILITIES |
4.040 |
3.213 |
2.599 |
|
|
|
|
|
|
|
|
TOTAL |
(5.687) |
(9.042) |
6.269 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.202 |
10.754 |
40.543 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
34.749
|
20.019
|
44.383 |
|
|
Sundry Debtors |
1.987
|
0.651
|
13.519 |
|
|
Cash & Bank Balances |
12.011
|
2.261
|
2.034 |
|
|
Other Current Assets |
5.831
|
4.518
|
9.522 |
|
|
Loans & Advances |
7.574
|
7.195
|
8.254 |
|
Total
Current Assets |
62.152
|
34.644 |
77.712 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
29.896
|
11.519 |
32.871 |
|
|
Other Current Liabilities |
50.010
|
39.983
|
75.923 |
|
|
Provisions |
3.135
|
2.938
|
3.192 |
|
Total
Current Liabilities |
83.041
|
54.440 |
111.986 |
|
|
Net Current Assets |
(20.889)
|
(19.796)
|
(34.274) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(5.687) |
(9.042) |
6.269 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
287.406 |
394.610 |
561.550 |
|
|
|
Other Income |
0.679 |
1.598 |
2.437 |
|
|
|
TOTAL (A) |
288.085 |
396.208 |
563.987 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Expenses |
186.406 |
248.879 |
421.547 |
|
|
|
Direct Expenses |
67.516 |
95.151 |
94.608 |
|
|
|
Administrative and Other Expenses |
27.865 |
68.808 |
36.596 |
|
|
|
Extraordinary Items |
0.000 |
(8.165) |
(3.554) |
|
|
|
TOTAL (B) |
281.787 |
404.673 |
549.197 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.298 |
(8.465) |
14.790 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.132 |
0.290 |
0.375 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.166 |
(8.755) |
14.415 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.569 |
6.105 |
12.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
3.597 |
(14.860) |
2.121 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.979 |
0.850 |
1.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.618 |
(15.710) |
0.290 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(12.846) |
2.863 |
2.574 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(10.228) |
(12.846) |
2.863 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
0.146 |
7.283 |
|
|
TOTAL IMPORTS |
0.000 |
0.146 |
7.283 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
52.37 |
(314.18) |
5.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.91
|
(3.97) |
0.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.25
|
(3.77) |
0.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.65
|
(32.73) |
1.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.37)
|
(1.20) |
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(8.12)
|
(4.42) |
33.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.75
|
0.64 |
0.69 |
LOCAL AGENCY FURTHER INFORMATION
NOTE
Registered address
against shifted from UB Anchorage, 100/1, Richmond Road, Bangalore-560025, Karnataka,
India to the present address w.e.f.05.02.2008
OPERATIONS
During the year,
the Company achieved sales of 280255 pairs of shoes aggregating to Rs.287.400
millions as against Rs.394.600 millions from 308432 pairs in the previous
financial year, recording a revenue decline of 27%, mainly due to the global
economic slow-down partly due to relocation of manufacturing facilities to a
new facility leased from the Holding Company United Breweries (Holdings)
Limited and partly due to
continuing recession in the buyers' countries.
Profit before
taxation during the year was Rs.3.600 millions as against a loss before
taxation of Rs.14.900 millions in the previous year primarily due to improved
realization, better product mix.
As mentioned in
the previous year, the Holding Company United Breweries (Holdings) Limited
acquired manufacturing facilities at Ambur, Tamil Nadu and the Company entered
into a lease agreement with them for the facilities apart from installing a
portion of the plant and machinery required for shoe manufacture.
PROSPECTS
The continuing
recession in Europe affected the volumes for the second year in succession. The
Directors are convinced that there would be a strong pick up in global demand
for shoes manufactured in India consequent to internal problems faced by other
countries involved in such job work for international labels. The Company and
its Holding Company, United Breweries (Holdings) Limited having built up strong
goodwill with buyers would be able to garner a sizeable portion of such orders.
The holding
company has embarked on an expansion of its existing facility at Ambur and the
Company has initiated a dialogue for leasing out the same for its own
manufacture.
FIXED ASSETS
- Plant and Machinery
- Computers
- Furniture and Fixtures
- Office Equipments
- Factory Equipments
- Motor 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 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. 50.27 |
|
|
1 |
Rs. 80.07 |
|
Euro |
1 |
Rs. 68.44 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.