|
Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNIGLOBE PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
321, 3rd Floor, Arun Chambers, Tardeo Road, Mumbai –
400034, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
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 (50) |
|
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 a well established company having satisfactory track. The
company is doing well. 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.
|
Name : |
Ms. Neetu Matani |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-22-67160100 |
|
Date : |
18.02.2012 |
LOCATIONS
|
Registered Office : |
321, 3rd Floor, Arun Chambers, Tardeo Road, Mumbai –
400034, Maharashtra, India |
|
Tel. No.: |
91-22-67160101 |
|
Fax No.: |
91-22-24918129 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. 36, 37 51 to 54, Silver Industrial Estate, Bhimpore, Daman,
India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rajiv T. Thadhani |
|
Designation : |
Director |
|
Address : |
201, 2nd Floor, Green Acress, Chs. Limited, Pali Hill Bandra
(W), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1962 |
|
Date of Appointment : |
29.04.1999 |
|
DIN No.: |
00174398 |
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 |
U25202MH1999PTC119671 |
Uniglobe
Packaging Private Limited |
Director |
29-04-99 |
29-04-99 |
- |
Active |
NO |
|
2 |
U93020MH2004PTC150291 |
Sivaana
Beauty Spas Private Limited |
Director |
30-12-04 |
30-12-04 |
- |
Active |
NO |
|
3 |
U70102MH2007PTC166658 |
Primrose
Properties Private Limited |
Director |
29-08-11 |
29-08-11 |
- |
Active |
NO |
|
Name : |
Mr. Vikram Chandhur Thadhani |
|
Designation : |
Director |
|
Address : |
2B Cosmopolisl 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
|
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 |
U65990MH1991PTC063046 |
Pravik
Finance and Investment Company Private Limited |
Director |
28-09-96 |
28-09-96 |
- |
Active |
NO |
|
2 |
U25202MH1999PTC119671 |
Uniglobe
Packaging Private Limited |
Director |
29-04-99 |
29-04-99 |
- |
Active |
NO |
|
Name : |
Mr. Praveen Chandhur Thadhani |
|
Designation : |
Director |
|
Address : |
2B Cosmopolisl D Ruparel Marg, Malabar
Hill,Mumbai – 400006, Maharashtra, India |
|
Date of Birth : |
26.03.1967 |
|
Date of Appointment : |
30.09.2004 |
|
DIN No.: |
01799791 |
|
|
|
|
Name : |
Mr. Ram Tulsidas Punwani |
|
Designation : |
Director |
|
Address : |
Flat No.5/6, Pali Hill Niketan Co-Operative Housing Society Limited,
Nargis Dutt Road, Pali Hill, Bandra (West), Mumbai – 400050, Maharashtra,
India |
|
Date of Appointment : |
30.09.2004 |
|
DIN No.: |
01905563 |
|
|
|
|
Name : |
Mr. Chandhur Trikamdas Thadhani |
|
Designation : |
Director |
|
Address : |
2B Cosmopolisl D Ruparel Marg, Malabar
Hill,Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
02.04.1927 |
|
Date of Appointment : |
29.04.1999 |
|
Date of Cessation: |
10.06.2011 |
|
DIN No.: |
00121819 |
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 |
U65990MH1991PTC063046 |
Pravik
Finance and Investment Company Private Limited |
Director |
23-08-91 |
23-08-91 |
- |
Active |
NO |
|
2 |
U25202MH1999PTC119671 |
Uniglobe
Packaging Private Limited |
Director |
29-04-99 |
29-04-99 |
10-06-11 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Chandhur T. Thadhani |
|
497750 |
|
Rajiv T. Thadhani |
|
726800 |
|
Vikram C. Thadhani |
|
258850 |
|
Total |
|
1483400 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
|
Percentage of
Holding |
|
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 |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
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.: |
94-22-22615814 |
|
PAN No.: |
AACFC8587E |
|
|
|
|
Related Parties : |
·
Asham Packaging ·
Virgo Finance Company ·
Sivaana Beauty Spas Private Limited ·
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. 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 |
|
|
|
|
|
Note – Out of the above shares 8,94,000 shares are issued
for the consideration other than cash
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 |
78.848 |
66.583 |
61.396 |
|
|
Other Current Liabilities |
7.337
|
6.317
|
0.793 |
|
|
Provisions |
8.929
|
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 |
|
|
|
|
|
|
|
|
|
|
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
|
2.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.18
|
11.14
|
3.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.29
|
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.30
|
1.57
|
1.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.67
|
2.91
|
2.38 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Total
Outstanding dues of creditors other than Micro Enterprises and Small
Enterprises |
|
|
|
|
-
For Goods |
57.301 |
47.365 |
43.353 |
|
-
For Expenses |
21.547 |
19.218 |
2.628 |
|
-
For Capital Expenditure
|
0.000 |
0.000 |
15.415 |
|
Total |
78.848 |
66.583 |
61.396 |
NOTE:
The registered office address of the company
has been shifted from “2B Cosmopolisl D Ruparel Marg, Malabar Hill, Mumbai –
400006, Maharashtra, India” to “320-322, 3rd Floor, Arun Chambers,
Tardeo Road, Mumbai – 400034, Maharashtra, India” w.e.f. 01.12.2010. The registered office has been again shifted from “320-322,
3rd Floor, Arun Chambers, Tardeo Road, Mumbai – 400034, Maharashtra,
India” to the present address w.e.f. 22.11.2011
FINANCIAL PERFORMANCE
Both the Units Have operated at satisfactory level of capacity
utilization. The company has achieved 31% increase in Sales turnover over the
previous year. However, it has suffered a decline in margin due to higher cost
of raw materials.
FORM 8
|
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 E-mail : uniglobepackaging@vsnl.com |
|
This form is for |
Modification of charge |
|
|
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 instrument creating charge |
Deed of Modification |
|
Date of instrument Creating the charge |
28.07.2011 |
|
Amount secured by the charge |
Rs. 269.700 Millions |
|
Brief 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 hypotheacation 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 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 Others 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, CC(BDs) Rs.60.000, Rupee WCDL:CC(Stock) Rs.10.000, CC(BDs) Rs.50.000, Total WC Rs.120.000, L/C(F/I)(DP/DA 90 days) Rs.40.000, BG:
Rs.1.700 Total Rs.161.700, TL II Rs.0.100, TL III Rs.107.900, FCL (within TL III) (eq. to LC/Buyers
credit USD) Rs.65.100 Aggregate Rs.269.700. |
|
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. Details as per Supplemental deed attached. |
|
Date of instrument modifying the charge |
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, CC(BDs) Rs.60.000, Rupee WCDL:CC(Stock) Rs.10.000, CC(BDs) Rs.50.000, Total WC Rs.120.000, L/C(F/I)(DP/DA 90 days) Rs.40.000, BG:
Rs.1.700 Total Rs.161.700, TL II Rs.0.100, TL III Rs.107.900, FCL (within TL III) (eq. to LC/Buyers
credit USD) Rs.65.100 Aggregate Rs.269.700. |
FIXED ASSETS:
·
Land
·
Office Premises
·
Buildings
·
Computer Systems
·
Furniture and Fixtures
·
Motor Car
·
Office Equipments
·
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 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.49.08 |
|
|
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.17 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.