|
Report Date : |
05.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
UTI ASSET MANAGEMENT COMPANY LIMITED |
|
|
|
|
Registered
Office : |
Ground Floor, UTI Tower, GN Block, Banrda Kurla Complex, Bandra
(East), Mumbai - 400 051, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.11.2002 |
|
|
|
|
Com. Reg. No.: |
11-137867 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1250.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65991MH2002GOI137867 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPU01326D / MUMU03355C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU6260F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of Asset Management and
Portfolio Management Services |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 34000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established and reputed company having fine track.
Financial position of the company appears to be sound. Trade relations are
reported as fair. Business is active. Payments are reported to be regular and
as per commitments. The company can be considered good 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.
INFORMATION DECLINED BY
|
Name : |
Ms. Khurshid Mistry |
|
Designation : |
Manager |
|
Contact No.: |
91-9892900946 |
|
Date : |
28.02.2012 |
LOCATIONS
|
Registered Office : |
Ground Floor, UTI Tower, GN Block, Banrda Kurla Complex, Bandra
(East), Mumbai - 400 051, Maharashtra, India |
|
Tel. No.: |
91-22-66786354/6101 |
|
Mobile No.: |
91-9892900946 (Ms. Khurshid Mistry) |
|
Fax No.: |
91-22-66786326 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at ·
Andhra Pradesh ·
Assam ·
Bihar ·
Chandighar ·
Delhi ·
Goa ·
Gujarat ·
Harahan ·
Himachal Pradesh ·
Jammu and Kashmir ·
Jharkhand ·
Karnataka ·
Kerala ·
Madhya Pradesh ·
Maharashtra ·
Meghalaya ·
Orissa ·
Punjab ·
Rajasthan ·
Tamil Nadu ·
Tripura ·
Uttar Pradesh ·
Uttarakhand ·
West Bengal |
DIRECTORS
As on 31.03.2011
|
Name : |
Mr. U. K Sinha |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. P. R. Khanna |
|
Designation : |
Director |
|
Address : |
70, Sunder Nagar, New Delhi – 110003, India |
|
|
|
|
Name : |
Ms. Anita Ramachandran |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Prithvi Haldea |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Flemming Masden |
|
Designation : |
Director |
|
Address : |
100 East Pratt Street, Baltimore Maryland 21202, USA |
|
|
|
|
Name : |
Mr. James Sellers Riepe |
|
Designation : |
Director |
|
Address : |
100 East Pratt Street, Baltimore Maryland 21202, USA |
|
|
|
|
Name : |
Mr. Sachit Jain |
|
Designation : |
Director |
|
Address : |
“Auro Mirra” Bhawan, 2722, Gurdev Nagar, Pakhowal Road, Ludhiana –
141001, Punjab, India |
|
|
|
|
Name : |
Mr. Pradeep Gupta |
|
Designation : |
Directors |
|
Address : |
Cyber House, B-35, Sector – 32, Gurgaon 122002, Haryana |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Asset Management and
Portfolio Management Services |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Divulged |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
L. S. Nalwaya and Company Chartered Accountants |
|
Address : |
B-43, Mittal Industrial Estate 1, Andheri Kurla Road, Sakinaka,
Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28591141 / 44 |
|
Fax No.: |
91-22-28591145 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Subsidiary : |
·
UTI Venture Funds Management Company Private
Limited ·
UTI International Limited, Guernsey ·
UTI Retirement Solutions Limited ·
UTI International (Singapore) Private Limited (100%
subsidiary of UTI International Limited, Guernsey) ·
UTI Investment Management Company (Mauritius) (100% subsidiary of
UTI International Limited, Guernsey) ·
UTI Private Equity Advisors (UPEA), Mauritius (100%
subsidiary of UTI Venture Funds Management Company Private Limited) |
|
|
|
|
Associates / Joint Ventures : |
·
Scent Capital Advisors India Private Limited (50%
Joint Venture of UTI Venture Funds Management Company Private Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000000 |
Equity Shares |
Rs.10/- each |
Rs.1250.000
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 |
1250.000 |
1250.000 |
1250.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7239.700 |
6248.000 |
5029.600 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8489.700 |
7498.000 |
6279.600 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
155.000 |
117.100 |
77.300 |
|
|
|
|
|
|
|
|
TOTAL |
8644.700 |
7615.100 |
6356.900 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2029.300 |
2024.400 |
2036.200 |
|
|
Capital work-in-progress |
0.100 |
0.000 |
2.200 |
|
|
|
|
|
|
|
|
INVESTMENT |
6859.400 |
5776.000 |
4122.100 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
38.200
|
50.400 |
25.500 |
|
|
Cash & Bank Balances |
214.000
|
241.000 |
230.500 |
|
|
Other Current Assets |
18.100
|
7.800 |
11.900 |
|
|
Loans & Advances |
2053.300
|
2261.000 |
1344.100 |
|
Total
Current Assets |
2323.600
|
2560.200 |
1612.000 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
541.300 |
488.500 |
343.700 |
|
|
Other Current Liabilities |
907.200
|
950.100 |
229.600 |
|
|
Provisions |
1119.200
|
1306.900 |
842.300 |
|
Total
Current Liabilities |
2567.700
|
2745.500 |
1415.600 |
|
|
Net Current Assets |
(244.100)
|
(185.300) |
196.400 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
8644.700 |
7615.100 |
6356.900 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Investment Management Fees |
4204.000 |
4427.500 |
3133.100 |
|
|
|
Investment Income |
348.700 |
341.600 |
362.700 |
|
|
|
Other Income |
47.000 |
79.900 |
40.500 |
|
|
|
Write back of Diminution in value of Investment in Subsidiaries |
6.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
4605.700 |
4849.000 |
3536.300 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee
Cost |
1484.700 |
1282.200 |
976.100 |
|
|
|
Administrative
& Other Expenses |
1100.000 |
816.100 |
870.600 |
|
|
|
Diminution
in value of Investment in Subsidiaries |
0.000 |
9.000 |
10.000 |
|
|
|
TOTAL (B) |
2584.700 |
2107.300 |
1856.700 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2021.000 |
2741.700 |
1679.600 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.200 |
0.300 |
0.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2019.800 |
2741.400 |
1678.800 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
77.700 |
79.500 |
74.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1942.100 |
2661.900 |
1604.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
567.100 |
959.200 |
455.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1375.000 |
1702.700 |
1149.600 |
|
|
|
|
|
|
|
|
|
Add |
PROVISION FOR
INCOME TAX WRITTEN BACK |
0.000 |
11.800 |
9.100 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5534.100 |
4487.200 |
3818.800 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
137.500 |
171.500 |
115.900 |
|
|
|
Dividend |
343.800 |
431.300 |
320.000 |
|
|
|
Tax on Dividend |
39.500 |
64.800 |
54.400 |
|
|
BALANCE CARRIED
TO THE B/S |
6388.300 |
5534.100 |
4487.200 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.00 |
13.70 |
9.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
29.85
|
35.11 |
32.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
42.66
|
55.82 |
45.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
44.62
|
58.06 |
43.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.36 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.30
|
0.37 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90
|
0.93 |
1.14 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry
Creditors:
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry
Creditors |
|
|
|
|
-
For Subsidiary Companies |
15.100 |
23.700 |
8.800 |
|
-
Others |
526.200 |
464.800 |
334.900 |
|
Total |
541.300 |
488.500 |
343.700 |
Contingent
Liability
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
|
Contingent
Liability provided for |
|
|
|
-
Labour Matters |
3.900 |
3.900 |
|
-
HR Matters |
2.700 |
2.700 |
|
|
|
|
|
Contingent
Liability not provided for |
|
|
|
-
Consumer Forum Cases pending in court |
13.100 |
15.400 |
|
-
Registrar and Transfer Agents |
18.200 |
18.200 |
|
-
Income Tax matter (A.Y. 2006-07) |
0.000 |
8.900 |
|
-
Income Tax matter (A.Y. 2007-08) |
0.000 |
2.000 |
|
-
TDS Related matters (A.Y. 2008-09) |
11.200 |
0.000 |
|
-
Estimated amount of contracts remaining to be
executed on capital account |
0.000 |
7.400 |
Fixed Assets:
·
Buildings
·
Furniture and Fixtures
·
Office Equipments
·
Motor Vehicle
·
Computer
·
Software
Press Release
10th
February, 2012
UTI MUTUAL FUND
WINS 8 ICRA MUTUAL FUND AWARDS 2012
AWARDED STAR FUND
HOUSE OF THE YEAR –DEBT
UTI Mutual Fund has been awarded the “STAR FUND HOUSE OF THE YEAR-DEBT”
by ICRA /ICRA online Limited The award indicates ‘Best Performance’ in the
‘Debt Category’ for one year period ending December 31, 2011. Out of 9 Mutual
fund houses considered, UTI Mutual Fund has been awarded the “Star Fund House
of the Year” in the debt category.
UTI Mutual Fund has also been awarded 7 ICRA Mutual Fund Awards 2012 for
its various schemes viz. UTI Opportunities Fund, UTI MNC Fund(1 year and 3
years), UTI Wealth Builder Fund-Series II, UTI India Lifestyle Fund, UTI Gilt
Advantage Fund-Long term and UTI Treasury Advantage Fund-Institutional
Plan
The details of the awards are enumerated below:
UTI Opportunities Fund has been ranked ‘A Seven Star Fund’ by ICRA/ICRA
online Limited and has been awarded the Gold Award for 'Best Performance' in
the category of 'Open Ended Equity-Large Cap ' for one year period ending
December 31, 2011. The award for UTI Opportunities Fund indicates the Best
Performance within the stated category, which had a total of 55 similar
schemes, including this scheme.
UTI MNC Fund has been ranked ‘A Seven Star Fund’ by ICRA/ICRA online
Limited and has been awarded the Gold Award for 'Best Performance' in the
category of 'Open Ended Equity-Dynamic ' for three year period ending December
31, 2011. The award for UTI MNC Fund indicates the Best Performance within the
stated category, which had a total of 99 similar schemes, including this
scheme.
UTI- Wealth Builder Fund –Series II has been ranked ‘A Seven Star Fund’
by ICRA/ICRA online Limited and has been awarded the Gold Award for 'Best Performance' in the
category of 'Open Ended Balanced ' for one year period ending December 31,
2011.
The award for UTI Wealth Builder Fund- Series II indicates the Best
Performance within the stated category, which had a total of 18 similar
schemes, including this scheme.
UTI- Treasury Advantage Fund- Institutional Plan has been ranked ‘A
Seven Star Fund’ by ICRA/ICRA online Limited and has been awarded the Gold
Award for 'Best Performance' in the category of
'Open Ended Ultra Short Term-IP ' for
one year period ending December 31, 2011. The award for UTI- Treasury
Advantage Fund- Institutional Plan indicates the Best Performance within the
stated category, which had a total of 8 similar schemes, including this scheme.
UTI- Gilt Advantage Fund- Long Term has been ranked ‘A Seven Star Fund’
by ICRA/ICRA online Limited and has been awarded the Gold Award for 'Best Performance'
in the category of 'Open Ended Gilt ' for one year period ending December 31,
2011. The award for UTI- Gilt Advantage Fund- Long Term indicates the Best
Performance within the stated category, which had a total of 25 similar
schemes, including this scheme.
UTI- India Lifestyle Fund has
been ranked ‘A Five Star Fund’ by ICRA/ICRA online Limited indicating
performance among the top 4.6% in the category of 'Open Ended Equity -Dynamic'
for one year period ending December 31,
2011. The award for UTI India Lifestyle Fund indicates Performance within the
stated category, which had a total of 103 similar schemes, including this
scheme.
UTI- MNC Fund has been ranked ‘A
Five Star Fund’ by ICRA/ICRA online Limited indicating performance among the top
4.6% in the category of 'Open Ended Equity -Dynamic' for one year period ending
December 31, 2011. The award for UTI MNC Fund indicates Performance within the
stated category, which had a total of 103 similar schemes, including this
scheme.
On the occasion Mr. Amandeep Chopra, Head-Fixed Income, UTI Asset
Management Company Limited, said, “The consistent efforts of the fund
management team has culminated in UTI Mutual Fund winning Star Fund House of
the Year award-Debt. UTI Mutual Fund is
a process oriented fund house and strives to give investors the best risk
adjusted returns.”
Mr Anoop Bhaskar, Head of Equity, UTI AMC said,” UTI Mutual Fund follows
a sound investment policy across market cycles and maintaining consistency to
purpose has yielded results.”
Methodology
ICRA Mutual Fund (MF) Awards are based on the proprietary ranking
methodology devised jointly by ICRA and ICRA Online Limited The ranking process
considers only growth oriented open ended equity and debt schemes apart from
liquid and ultra short term schemes where Institutional plans are also
considered. The eligibility criteria is
based on the Average AUM, and stringent disclosure norms for portfolio and NAV
over one and three year periods. The ranking methodology dynamically factors in
the actual investment pattern rather than on the scheme’s stated
objectives.
The scoring model for the final ranking, factors norms for Risk-adjusted
returns, Average Maturity, AUM size, Liquidity analysis, Credit Indicator,
Concentration analysis.
The rankings are conducted for 15 different categories respectively over
the one-year and three-year horizon. Schemes are assigned 1- star, 2- star, 3-
star, 4-star and 5- star based on a ranking scale. The best scorer amongst the
5- star in a category is ranked as 7- star or the best fund in the category.
This is however subject to the fund’s AUM being of at least more than Rs 100 Cr
or greater than the category average; whichever is lower.
Disclaimer
Fund House of the Year is determined in the Equity and Debt categories
separately. To qualify for the award a Fund House needs to have at least one
scheme ranked 3 Star or above in at least three of the equity and debt
categories, respectively defined by ICRA.
The scoring aims at assessing the number of superior performing schemes
managed by the fund house over the current one-year period. The result also
takes into account qualitative factors of an AMC’s structure based on their
responses to a due diligence questionnaire.
The ranks assigned by ICRA/ICRA Online are based on an objective
analysis of information obtained from the entities concerned as also other
sources considered reliable by ICRA/ICRA Online. However, the ranks must be
construed solely as statements of opinion and ICRA/ICRA Online shall not be
liable for any losses incurred by any user from any use of the ranks. Also, the
ranks are neither a certificate of any statutory compliance nor any guarantee
on the future performance of the ranked entities/schemes. The ranking
methodology did not take into account entry and exit loads imposed by the
Fund
Ranking Source and Publisher: ICRA Online Limited
About UTI Mutual Fund
UTI Mutual Fund is a SEBI registered mutual fund whose Sponsors are
State Bank of India, Punjab National Bank, Bank of Baroda
and Life Insurance Corporation of India.
UTI Mutual Fund is one of the largest mutual fund in India with investor
accounts of more than 10 million under its 81 domestic schemes / plans as on
December 31, 2011.
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.49.35 |
|
|
1 |
Rs.78.68 |
|
Euro |
1 |
Rs.65.63 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
63 |
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.