|
Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNIFIED ELECTRONISC ( |
|
|
|
|
Registered Office
: |
No. 19/2D, J.C. Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.05.2006 |
|
|
|
|
Com. Reg. No.: |
11-039577 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.006 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109KA2006PLC039577 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRU01700G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
Line of Business
: |
Manufacturing and distribution of electronic items. |
|
|
|
|
No. of Employees
: |
105 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some dip in the profitability of the company during the year 2011. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Manjunath |
|
Designation : |
Fianace Manager |
|
Contact No.: |
91-80-26668566 |
|
Date : |
23.06.2012 |
LOCATIONS
|
Registered Office : |
No. 19/2 D, J.C. Industrial Estate, Bikasipura Road, Behind Metro,
Bangalore- 560062, Karnataka, India. |
|
Tel. No.: |
91-80-26668566/32217221/26669006 |
|
Fax No.: |
91-80-26668562/26860828 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on 15.09.2011
|
Name : |
Mr. Suresh Mehta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 2, Gruhalaxmi Apartments, South End Road, Opp Vijaya Bank,
Basavanagudi, Bangalore-560004, Karnataka, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.01.1966 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.03.2007 |
||||||||||||||||||||||||||||||||||||
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DIN No.: |
01445937 |
||||||||||||||||||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Tarun Prakash Mehta |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
# 67/3, H.B. Samaja Road, Near Basavanagudi, Medical Center, R.V.Road,
Bangalore – 560004, Karnataka, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.09.1983 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.03.2007 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01530674 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Ganesh Mahabaleshwar Bhat |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
60/61, Surve Nagar, Kalamba Road, Kolhapur- 416012, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20/07/1959 |
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|
Date of Appointment : |
28/03/2008 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02166697 |
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|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Manjunath |
|
Designation : |
Fianace Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Bharat Ranmal Jain |
|
8000 |
|
Mahavir Ranmal Jain |
|
7000 |
|
Kishore Ranmal Jain |
|
7000 |
|
Kalmesh Prakash Mehta |
|
7000 |
|
Unified Electro- Tech Limited, India |
|
1600000 |
|
Pujya Deepakbhai Desai |
|
500 |
|
Mr. I.G. Mugali |
|
100 |
|
Mahavir Jain Trustee Navdarshan Ventures Family Trust |
|
250000 |
|
Dinesh Ranmal Mehta |
|
7000 |
|
Suresh Ranmal Mehta |
|
7000 |
|
Tarun Prakash Mehta |
|
7000 |
|
|
|
|
|
TOTAL |
|
1900600 |
As on 15.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate (not
mentioned above) |
97.33 |
|
Directors or relatives of Directors |
2.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and distribution of electronic items. |
|
|
|
|
Products : |
Ø Electronic PCB
Board Ø Solar Charge Ø Controllers Ø Supplies & Adapters Ø Components &
Sub-assemblies (mcpcbs & Luminaries) Ø Led Drivers Ø DC-DC Converters Ø Battery Chargers Ø Led Back Light Ø Module and Ø Signages, etc |
|
|
|
|
Exports : |
|
|
Products : |
Electronic Products Electromechanical Products, etc. |
|
Countries : |
Singapore |
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|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Hongkong. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
PRODUCTION STATUS (31.03.2010)
|
Particulars |
Unit |
Actual
Production |
|
Raw Material and Consumable consumed |
Nos. |
1419296 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers. |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
105 (Approximately) |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Canara Bank, Town Hall Branch, Stock Exchange
Towers J C Road, Bangalore – 560027, Karnataka, India. ·
State Bank of India ·
Axis Bank |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Narendra Niilesh Mukesh and Sarawan Chartered Accountant |
|
Address : |
#6/3, 1st Floor, 4th Cross, K.G. Garden, Lalbag
Road, Bangalore – 560027, Karnataka, India. |
|
PAN.: |
AAGFN3568E |
|
|
|
|
Group Company : |
·
Univa Technology Pte. Limited (Singapore) ·
Unified Electro - Tech Limited [CIN No.
U64202KA2000PLC026519] |
CAPITAL STRUCTURE
As on 15.09.2011
Authorized Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1900600 |
Equity Shares |
Rs.10/- each |
Rs.19.006
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 |
19.006 |
19.006 |
14.006 |
|
|
2] Share Application Money |
0.000 |
0.000 |
5.000 |
|
|
3] Reserves & Surplus |
8.432 |
7.347 |
4.045 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
27.438 |
26.353 |
23.051 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
31.932 |
15.162 |
9.705 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
31.932 |
15.162 |
9.705 |
|
|
DEFERRED TAX LIABILITIES |
2.185 |
2.084 |
1.367 |
|
|
|
|
|
|
|
|
TOTAL |
61.555 |
43.599 |
34.123 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
20.440 |
17.982 |
12.210 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
Capital Advance |
7.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.010 |
0.010 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
36.045
|
24.715 |
18.802 |
|
|
Sundry Debtors |
28.927
|
25.667 |
21.122 |
|
|
Cash & Bank Balances |
0.176
|
0.161 |
0.050 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
4.595
|
6.608 |
4.658 |
|
Total
Current Assets |
69.743
|
57.151 |
44.632 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
33.525
|
29.019 |
21.463 |
|
|
Other Current Liabilities |
1.682
|
1.958 |
1.290 |
|
|
Provisions |
0.431
|
0.584 |
0.000 |
|
Total
Current Liabilities |
35.638
|
31.561 |
22.753 |
|
|
Net Current Assets |
34.105
|
25.590 |
21.879 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.017 |
0.034 |
|
|
|
|
|
|
|
|
TOTAL |
61.555 |
43.599 |
34.123 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
129.456 |
116.037 |
85.895 |
|
|
|
Other Income |
2.180 |
2.252 |
1.057 |
|
|
|
TOTAL (A) |
131.636 |
118.289 |
86.952 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials and Other Consumables |
104.424 |
87.331 |
67.030 |
|
|
|
Manufacturing and Direct Expenses |
12.177 |
12.425 |
9.539 |
|
|
|
Administrative and General Expenses |
3.783 |
6.023 |
2.781 |
|
|
|
Salaries and Wages |
6.376 |
4.919 |
2.463 |
|
|
|
Preliminary Expenses Written off |
0.017 |
0.017 |
0.017 |
|
|
|
(Profit)/ Loss on Foreign Exchange |
0.000 |
0.000 |
2.470 |
|
|
|
Increase/(Decrease) in Inventory |
(4.869) |
(3.821) |
(4.885) |
|
|
|
TOTAL (B) |
121.908 |
106.894 |
79.415 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.728 |
11.395 |
7.537 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.284 |
3.498 |
3.019 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.445 |
7.897 |
4.518 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.828 |
2.854 |
2.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.617 |
5.043 |
2.178 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.531 |
1.742 |
0.779 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1.086 |
3.301 |
1.399 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.347 |
4.045 |
2.647 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
8.433 |
7.347 |
4.045 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Material
(including intermediary
import) and Capital goods |
34.117 |
46.337 |
36.371 |
|
|
|
TOTAL IMPORTS |
34.117 |
46.337 |
36.371 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.57 |
1.94 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
0.82
|
2.79 |
1.60 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.24
|
4.34 |
2.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.79
|
6.71 |
3.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.19 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.46
|
1.77 |
1.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95
|
2.23 |
1.96 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
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 |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
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 |
Yes |
|
30) Major Shareholders, if available |
Yes |
NOTE:
Registered office of the company has been shifted from No.33, Komal
Mansion, 2nd Floor mavalli Tank Bund Road, Near Minerva circle,
Bangalore – 560002, Karnataka, India to the present address w.e.f. 20.04.2010
NATURE OF
OPERATIONS:
The company incorporated on May 29, 2006 with the main objective of
manufacturing and distribution of electronic items.
The company is a pro – active and emerging Electronics Manufacturing
Services (EMS) provider focused on delivering complete end-to-end manufacturing
solutions to technology companies around the world. The service offerings
include innovative product design and engineering, test solutions,
manufacturing, logistics and post – manufacturing services to various
industries like Power, Automobile, Industrial, Telecommunication, Consumer
electronics, etc.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Corporate
identification number of the modified |
10086145 |
|
Corporate
identity number of the company |
U32109KA2006PLC039577 |
|
Name of the
company |
Unified
Electronics (India) limited |
|
Address of the
registered office or of the principal place of business in |
No. 19/2D, J.C.
Industrial Estate, Bikasipura Road, Behind Metro, Bangalore - 560062,
Karnataka, India |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Canara Bank Add - Town Hall
Branch, Stock Exchange Towers J C Road, Bangalore-560027, Karnataka, India e-mail – krishnamurthyhn@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
·
Supplemental
Common Hypothecation Agreement ·
Pronote |
|
Date of instrument
Creating or modifying the charge |
19.10.2011 |
|
Amount secured by
the charge |
Rs. 39.800
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest + 4% (Presently
14.75% p.a.) Floating for OCC/ODBD (OCC- Rs. 17.500
millions /BG / ILC / FLC - Rs. 12.500 millions/ 413.773.37- TL- Rs. 3.000
millions / 413.773.74 – Rs. 2.700 millions/ 413.773.74 - TL- Rs. 4.100
millions) Terms of Repayment Payable on Demand Margin Margin 25% on
Stock and 40% on Book Debts for OCC and 25% by way of Deposit for BG/ILC/FLC Extent and Operation of the charge 100% till the
Closure of the Loan |
|
Short particulars
of the property charged |
·
Hypothecation
of all the Present and future Stocks of Goods such as Raw Materials, Goods in
Process, Finished and Manufactured goods, Stock in Trade and Stores,
components Furniture and Fixtures and Plant ·
Machinery
etc., are stored at Company’s Premises and Book Debts, Receivables Claims etc.,
belonging to the Company. |
|
Particulars of
the present modification |
OCC Limit
increased from Rs. 16.000 millions to Rs. 17.500 millions. BG/ILC/FLC From
Rs. 10.000 millions to 12.500 millions. BULC limit of Rs. 5.000 millions closed.
(OCC – Rs. 17.500 millions/BG/ILC/FLC – Rs.12.500 millions/ 413.773.37 – TL –
Rs. 3.000 millions / 413.773.37TL – Rs. 2.700 millions/ 413.773.74 – TL – Rs.
4.100 millions). Total Limit reduced From Rs. 40.800 millions to Rs. 39.800
millions. All other terms conditions and securities continues for the reduced
limit of Rs. 39.800 millions. |
FIXED ASSETS:
·
Plant and Machinery
·
Data Processing Equipments
·
Furniture and Fixtures
·
Motor Car
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.55.02 |
|
|
1 |
Rs.85.93 |
|
Euro |
1 |
Rs.68.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.