MIRA
INFORM REPORT
|
Report Date : |
15.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
UMA PLASTICS LIMITED |
|
|
|
|
Registered
Office : |
14B, Camac Street, 3rd Floor, Suite 3D, Kolkata-700017,
West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.12.1999 |
|
|
|
|
Com. Reg. No.: |
21-090845 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.980
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209WB1999PLC090845 |
|
|
|
|
IEC No.: |
0299021564 |
|
|
|
|
Tin No.: |
19432073245 |
|
|
|
|
Income Tax
Registration No.: |
AAACU3932E |
|
|
|
|
Tax
Identification No.: |
19432073051 |
|
|
|
|
Service Tax
Registration No.: |
1226/GTA/SB-03/KOL/04-05 |
|
|
|
|
Central Sales
Tax No.: |
19432073245 |
|
|
|
|
Excise
Registration No.: |
AAACU3932E XM 001 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Quality Molded Plastic Products, Plastic
Moulded Furniture and Industrial Plastic Components. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 176000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appears a huge external borrowing recorded by the company which acts as a threat
to the company’s liquidity. There also appears some dip in the revenue earned
from its operation during 2012. The profitability is also found low. However, trade relations are
reported as 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
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
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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/ Factory : |
14B, Camac Street, 3rd Floor, Suite 3D, Kolkata-700017,
West Bengal, India |
|
Tel. No.: |
91-33-22816967/22810775/30089000/22810775 |
|
Fax No.: |
91-33-22813961 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Om Prakash Seksaria |
|
Designation : |
Director |
|
Address : |
6, Palm Palace, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
20-08.1949 |
|
Date of Appointment : |
29.12.1999 |
|
Din No.: |
01786559 |
|
Pan No.: |
AMAPS3961L |
|
|
|
|
Name : |
Mr. Krishna Kumar Seksaria |
|
Designation : |
Director |
|
Address : |
6, Palm Palace, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
06.09.1958 |
|
Date of Appointment : |
29.12.1999 |
|
Din No.: |
01495002 |
|
Pan No.: |
ALSPS2248D |
|
|
|
|
Name : |
Mr. Uday Shankar Seksaria |
|
Designation : |
Director |
|
Address : |
6, Palm Palace, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
05.08.1980 |
|
Date of Appointment : |
29.12.1999 |
|
Din No.: |
01798352 |
|
Pan No.: |
ANIPS9083N |
|
|
|
|
Name : |
Mr. Santosh Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
59/3, Acspa 8921 G, 5th Floor, Howrah-711101, West Bengal,
India |
|
Date of Birth/Age : |
13.11.1952 |
|
Date of Appointment : |
01.02.2000 |
|
Din No.: |
02440489 |
|
Pan No.: |
ACSPA8921G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Nirmala Seksaria |
|
50000 |
|
Om Prakash Seksaria |
|
107100 |
|
Krishna Kumar Seksaria |
|
52400 |
|
Bina Seksaria |
|
70000 |
|
Santosh Kumar Agarwal |
|
100 |
|
Swastik Kumar Agarwal |
|
100 |
|
Uday Shankar Seksaria |
|
100 |
|
Nitin Harlalka |
|
200 |
|
Agrasar Vanijya Private Limited, India |
|
625000 |
|
Paramjyoti Vanijyap Limited, India |
|
493000 |
|
|
|
|
|
TOTAL
|
|
1398000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
88.57 |
|
Directors
or relatives of directors |
|
11.43 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Quality Molded Plastic Products, Plastic
Moulded Furniture and Industrial Plastic Components. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
2010-2011 |
|
Licensed Capacity |
25 Laks Pcs. |
|
Installed Capacity |
23 Laks Pcs. |
ACTUAL PRODUCTION:
|
Particular |
Actual
Production Qty. |
|
Plastic Moulded |
1412729 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
The South Indian Bank Limited, 2, Hazarimull Shah Road, Howrah-711106,
West Bengal, India |
||||||||||||
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|
|
||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.K. Bhartia Chartered Accountants |
|
Address : |
39, Strand Road, 4th Floor, Room No. 75, Kolkata-700001, West
Bengal, India |
|
Tel. No.: |
91-33-22102670/22310391/0687 |
|
Fax No.: |
91-33-22310364 |
|
E-Mail : |
|
|
PAN No: |
ADUPB4014G |
|
|
|
|
Related Parties : |
·
Janaki Engineering and Trading Company ·
Uma Metal Industries ·
Uma Poly Solutions Private Limited ·
Swagath Plastics Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised 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 |
|
1398000 |
Equity Shares |
Rs.10/- each
|
Rs.13.980
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
13.980 |
13.980 |
13.980 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
30.045 |
29.028 |
28.784 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
44.025 |
43.008 |
42.764 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
68.161 |
14.109 |
21.088 |
|
|
2] Unsecured Loans |
341.074 |
281.319 |
173.773 |
|
|
TOTAL BORROWING |
409.235 |
295.428 |
194.861 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
453.260 |
338.436 |
237.625 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
82.446 |
79.776 |
63.863 |
|
|
Capital work-in-progress |
34.767 |
24.762 |
12.154 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
5.937 |
6.558 |
6.500 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
149.332
|
94.061 |
58.260 |
|
|
Sundry Debtors |
175.870
|
102.774 |
96.905 |
|
|
Cash & Bank Balances |
17.967
|
15.697 |
8.965 |
|
|
Other Current Assets |
1.211
|
0.879 |
0.000 |
|
|
Loans & Advances |
18.056
|
22.180 |
21.312 |
|
Total
Current Assets |
362.436
|
235.591 |
185.442 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
23.122
|
4.028 |
23.532 |
|
|
Other Current Liabilities |
5.930
|
1.870 |
3.223 |
|
|
Provisions |
3.274
|
2.353 |
3.579 |
|
Total
Current Liabilities |
32.326
|
8.251 |
30.334 |
|
|
Net Current Assets |
330.110
|
227.340 |
155.108 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
453.260 |
338.436 |
237.625 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
197.435 |
233.801 |
228.467 |
|
|
|
Other Income |
10.285 |
1.499 |
1.921 |
|
|
|
TOTAL (A) |
207.720 |
235.300 |
230.388 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
124.373 |
149.340 |
|
|
|
|
Purchases of stock in trade |
1.348 |
0.000 |
|
|
|
|
Employees benefit expenses |
11.248 |
11.012 |
203.611 |
|
|
|
Other expenses |
39.928 |
37.857 |
|
|
|
|
Increase / decrease in inventories of finished goods consignment stock
and traded goods |
(7.861) |
9.142 |
|
|
|
|
TOTAL (B) |
169.036 |
207.351 |
203.611 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
38.684 |
27.949 |
26.777 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
29.366 |
19.168 |
16.135 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.318 |
8.781 |
10.642 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.308 |
8.558 |
8.119 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
2.010 |
0.223 |
2.523 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.993 |
(0.021) |
(0.364) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1.017 |
0.244 |
2.887 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
11.508 |
11.264 |
8.377 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
12.525 |
11.508 |
11.264 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
2.810 |
4.405 |
NA |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
NA |
|
|
|
Capital Goods |
7.234 |
5.931 |
NA |
|
|
|
Trading Goods |
1.017 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
8.251 |
5.931 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.73 |
0.17 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.49
|
0.10 |
1.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.02
|
0.10 |
1.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.45
|
0.07 |
1.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.01 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
9.30
|
6.87 |
4.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
11.21
|
28.55 |
6.11 |
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS:
The plastic furniture which the company
manufactures has over crowded market with many established players. The market
is very competitive as well as price sensitive. The products of the company are
well accepted in the market due to superior quality and price competitiveness.
The directors are hopeful of better performance during the year.
FINANCE:
The company has initiated the reinforcement of
financial discipline with parties by exercising adequate control over overhead
costs for improvement of profitability. The company has not invited/accepted
any deposit from the public during the year.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
From bodies corporate |
341.074 |
281.319 |
|
TOTAL
|
341.074 |
281.319 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10135018 |
|
Corporate
identity number of the company |
U25209WB1999PLC090845 |
|
Name of the
company |
UMA PLASTICS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
14B, Camac Street, 3rd Floor, Suite 3D, Kolkata-700017,
West Bengal, India |
|
Type of charge |
Book Debts Any interest in immovable property Immovable property Others |
|
Particular of
charge holder |
The South Indian Bank Limited, 2, Hazarimull Shah Road, Howrah-711106,
West Bengal, India Email: br0156@sib.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Credit Facility
Agreement dated 11-1-2013 |
|
Date of
instrument Creating the charge |
11.01.2013 |
|
Amount secured by
the charge |
Rs.140.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CCOL- base rate +
3.5% presently 14.00 % monthly Terms of Repayment CCOL is Cash Credit
Working Limit Subject to renew every year Margin Stock- 25 % Debtors- 40 % Extent and Operation of the charge First Charge |
|
Short particulars
of the property charged |
Primary->
hypothecation of stock and book debts, goods purchased under L/C Collateral- EM of
factory land and building at Jalan Industrial estate at Jangalpur on NH-6,
Begri (PS) Domjur, Mouza Sankaridaha and Baniara EM of Residential
Building at Diamond Tower, Flat no 203, 2nd Floor 37 Diamond Harbour Road,
Kolkata-700027 EM of Vacant Land
(factory and building under construction) at poly park of WBIDC Limited in Kendua, Village at NH-6 at Food Park, PS
Sankrail, Howrah District Term Deposits
valued at Rs. 1.573 Millions |
|
Particulars of
the present modification |
Vide this
modification overall limit reduced to 140.000 Millions. |
FIXED ASSETS:
·
Plant and Machinery
·
Factory Shed and Building
·
Moulds
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Computers
·
Office Premises
·
Leasehold Land
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 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.54.44 |
|
|
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.