|
Report Date : |
27.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNIGLOBE PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
321, 3rd Floor, Arun Chambers, Tardeo Road, Mumbai –
400034, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.04.1999 |
|
|
|
|
Com. Reg. No.: |
11-119671 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 14.834 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202MH1999PTC119671 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU03314D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Flexible Packaging Materials. |
|
|
|
|
No. of Employees
: |
Not Available |
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 890000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
The latest financial are not made available with the government department. As per previous year’s, the company performance seems to be good.
Financially appears to be strong. Trade relations are reported to be fair.
Business is active. Payments are reported to be usually correct and as per
commitments. The company can be considered for normal 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities : (CARE) BBB |
|
Rating Explanation |
Having moderate degree of safety regarding timely
servicing of financial obligation. It carry moderate credit risk. |
|
Date |
April 2012 |
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
31-03-2012.
LOCATIONS
|
Registered Office : |
321, 3rd Floor, Arun Chambers, Tardeo Road, Mumbai –
400034, Maharashtra, India |
|
Tel. No.: |
91-22-67160101/ 67160100 |
|
Fax No.: |
91-22-24918129 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. 36, 37 51 to 54, Silver Industrial Estate, Bhimpore, Daman,
India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Vikram Chandur Thadhani |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2B Cosmopolis, 21 L D Ruparel Marg, Malabar Hill,
Mumbai – 400006, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.11.1970 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.04.1999 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00121753 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajiv Thadani |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
201, Green Acres, 61 B Nargis Dutt Road, Pali Hill Bandra (West),
Mumbai – 400050, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.12.1962 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.04.1999 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00174398 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Neetu Matani |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv T. Thadhani |
|
726800 |
|
Vikram C. Thadhani |
|
756600 |
|
Total |
|
1483400 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Flexible Packaging Materials. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
Bank of India,
SSI Andheri (East) Branch, Mathuria Apartment, 49, Sir M. V. Road, Andheri (East),,
Mumbai - 400069, Maharashtra, India |
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Contractor Nayak and Kishnadwala Chartered Accountants |
|
Address : |
Jash Chambers, 3rd Floor, 7A, Sir P.M. Road, Fort, Mumbai – 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-66230600/ 22662603/ 66359681 |
|
Fax No.: |
91-22-22615814 |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFC8587E |
|
|
|
|
Related Parties : |
Ø Asham Packaging Ø Virgo Finance
Company Ø Sivaana Beauty
Spas Private Limited Ø Pravik Finance
and Investment Company Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,483,400 |
Equity Shares |
Rs. 10/- each |
Rs. 14.834
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
14.834 |
14.834 |
14.834 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
208.799 |
176.356 |
136.125 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
223.633 |
191.190 |
150.959 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
195.482 |
228.211 |
212.708 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
195.482 |
228.211 |
212.708 |
|
|
DEFERRED TAX LIABILITIES |
6.406 |
5.860 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
425.521 |
425.261 |
363.667 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
264.939 |
285.046 |
217.464 |
|
|
Capital work-in-progress |
2.119 |
0.975 |
54.245 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.569 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
73.063
|
77.405
|
46.837 |
|
|
Sundry Debtors |
136.434
|
114.250
|
86.998 |
|
|
Cash & Bank Balances |
32.526
|
5.548
|
2.551 |
|
|
Other Current Assets |
0.224
|
0.286
|
0.145 |
|
|
Loans & Advances |
11.330
|
14.651
|
20.728 |
|
Total
Current Assets |
253.577
|
212.140
|
157.259 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
78.847 |
66.583 |
61.396 |
|
|
Other Current Liabilities |
7.337
|
6.317
|
0.793 |
|
|
Provisions |
8.930
|
0.000
|
3.681 |
|
Total
Current Liabilities |
95.114
|
72.900
|
65.870 |
|
|
Net Current Assets |
158.463
|
139.240
|
91.389 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
425.521 |
425.261 |
363.667 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
905.774 |
689.468 |
493.425 |
|
|
|
Other Income |
0.855 |
0.189 |
0.101 |
|
|
|
TOTAL (A) |
906.629 |
689.657 |
493.526 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of Raw Materials |
527.726 |
373.588 |
261.461 |
|
|
|
Manufacturing Expenses |
251.601 |
203.761 |
153.714 |
|
|
|
Administrative, Selling and Distribution Expenses |
26.840 |
20.407 |
17.711 |
|
|
|
Increase/(Decrease) in Finished Goods |
0.067 |
(7.841) |
4.415 |
|
|
|
Exchange Differences (Net) |
(0.450) |
(11.560) |
15.070 |
|
|
|
TOTAL (B) |
805.784 |
578.355 |
452.371 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
100.845 |
111.302 |
41.155 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
19.267 |
20.300 |
11.222 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
81.578 |
91.002 |
29.933 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
33.966 |
35.606 |
17.916 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
47.612 |
55.396 |
12.017 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.170 |
15.165 |
2.087 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
32.442 |
40.231 |
9.930 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
168.720 |
128.489 |
119.555 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.993 |
|
|
BALANCE CARRIED
TO THE B/S |
201.162 |
168.720 |
128.492 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
205.380 |
171.543 |
85.767 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.87 |
27.12 |
6.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.58
|
5.83
|
2.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.26
|
8.03
|
2.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.18
|
11.14
|
3.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.29
|
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.30
|
1.57
|
1.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.67
|
2.91
|
2.39 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Note: The registered office of the company has been
shifted from “320-322, 3rd Floor, Arun Chambers, Tardeo Road, Mumbai –
400034, Maharashtra, India” to the present address w.e.f. 22.11.2011
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U25202MH1999PTC119671 |
|
Name of the
company |
UNIGLOBE
PACKAGING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
321, 3rd Floor, Arun Chambers, Tardeo Road, Mumbai – 400034, Maharashtra, India Email: uniglobepackaging@vsnl.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90147394 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Bank of India,
SSI Andheri (East) Branch, Mathuria Apartment, 49, Sir M. V. Road, Andheri
(East), Mumbai - 400069, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental deed
of Hypothecation. |
|
Date of
instrument Creating the charge |
26.07.2011 |
|
Amount secured by
the charge |
Rs. 269.700
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest/Commission
as per Schedule -III of attached Supplemental deed of hypothecation or at
such other rate/s of interest/commission as may be notified by the bank from
time to time. Terms of Repayment CC (stock), CC
(BDs), Rupee WCDL (CC Stock, CC Book debts), L/C(F/I)(DP/DA 90 days): On
Demand BG: Annual Review TL II, TL III: As per repayment schedule. Margin As required by
the bank from time to time. Extent and Operation of the charge Security and
charge hereby created shall be by way of 1st charge on all said hypothecated
assets for due repayment as provided in deed of all monies including
principal sums, interest/ commission, costs, charges and expenses and all
other monies whatsoever due owing and payable by borrower to the bank under
or in respect of or in connection with or in any wise concerning or relating
to said facilities agreed to be granted and/ or granted by the bank to
borrower and also for due repayment of all present and future indebtedness
and liabilities of borrower to bank of any kind in any manner whether solely
or jointly primary or collateral accrued or accruing with all relative
interest/ commission, charges, costs and expenses. Revised Facilities and
Limits (Rs. in Millions):CC (Stock) Rs. 20.000 Millions, CC (BDs) Rs.60.000
Millions, Rupee WCDL:CC (Stock) Rs.10.000 Millions, CC (BDs) Rs.50.000
Millions, Total WC Rs.120.000 Millions ,L/C(F/I) (DP/DA 90 days) Rs.40.000
Millions, BG:Rs.17 Total Rs.161.700 Millions, TL II Rs.1,TL III Rs.107.900
Millions, FCL(within TL III)(eq. to LC/Buyers credit USD) Rs.65.100 Millions
Aggregate Rs.269.700 Millions. |
|
Short particulars
of the property charged |
a) All tangible
movable machineries and plant, present and future, b) All tangible
movable properties and assets and stocks of whatsoever nature of the Borrower
both present and future wheresoever situate at Plot No.36, 37, 51 to 54,
Silver Industrial Estate, Bhimpore, Daman or wherever else, c) All present
and future book debts, outstanding, money receivables, claims, bills which
are now due and owing or which may any time hereafter during the continuance
of this security become due and owing to the Borrower. |
|
Date of
Modification |
31.12.2007 |
|
Particulars of
the present modification |
The principal
amount of charge on the hypothecated assets is enhanced to Rs.269.700
Millions. Revised Facilities and Limits (Rs. in Millions): CC (Stock)
Rs.20.000 Millions, CC (BDs) Rs.60.000 Millions, Rupee WCDL: CC (Stock)
Rs.10.000 Millions, CC (BDs) Rs.50.000 Millions, Total WC Rs.120.000
Millions, L/C(F/I)(DP/DA 90 days) Rs.40.000 Millions, BG: Rs.17 Total
Rs.161.700 Millions, TL II Rs.1, TL III Rs.107.900 Millions, FCL (within TL
III) (eq. to LC/Buyers credit USD)Rs.65.100 Millions Aggregate Rs.269.700
Millions. |
CONTINGENT LIABILITIES:
In respect of Excise Cenvat Demand Rs. 6.893
Millions.
FIXED ASSETS:
Ø
Land
Ø
Office Premises
Ø
Buildings
Ø
Computer Systems
Ø
Furniture and Fixtures
Ø
Motor Car
Ø
Office Equipments
Ø
Plant and Machinery
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. 54.96 |
|
|
1 |
Rs. 88.68 |
|
Euro |
1 |
Rs. 72.45 |
INFORMATION DETAILS
|
Report Prepared by
: |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--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 |
|
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.