|
Report Date : |
13.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
UMA POLYMERS LIMITED |
|
|
|
|
Registered
Office : |
C Wings, 1st Floor, Abhay Chambers, Jalori Gate, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.04.1987 |
|
|
|
|
Com. Reg. No.: |
17-003956 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.144.339 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25201RJ1987PLC003956 |
|
|
|
|
IEC No.: |
1397003634 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JDHU00929F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU0748E AAACU2021J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Suppliers of Laminated Flexible Packaging Materials. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears loss incurred by the company from its operation in 2013. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate credit quality and average credit risk |
|
Date |
25.07.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
25.07.2013 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Khalid Hussain |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-291-2868290 |
|
Date : |
19.11.2013 |
LOCATIONS
|
Registered Office : |
C Wings, 1st Floor, Abhay Chambers, Jalori Gate, |
|
Tel. No.: |
91-291-2868285/ 2868290 |
|
Mobile No.: |
91-9829600804 (Mr. C. L. Khimsara) |
|
Fax No.: |
91-291-2868292 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 sq. ft |
|
Location : |
Rented |
|
|
|
|
Factory 1: |
Uma Nagar, National Highway No. 65, Pali Road, District
Jodhpur-342802, Rajasthan, India |
|
Tel. No.: |
91-291-2868131 to 132 |
|
Fax No.: |
91-291-2868275 |
|
E-Mail : |
|
|
Area : |
225000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2: |
G-155/156, Ambaji Industrial Area, Abhu Road, District Sirohi,
Santpur-307026, Rajasthan, India |
|
Tel. No.: |
91-2974-226881 to 885 |
|
Fax No.: |
91-2974-226883 |
|
E-Mail : |
|
|
Area : |
225000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Marketing Office
: |
Noida Plot No.C-67, Sector
2, Noida – 201301, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-4335250/ 4335251 |
|
E-Mail : |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Marketing
Network : |
Located at: · Kolkata · Mumbai · Delhi (Noida) |
DIRECTORS
As on 28.09.2012
|
Name : |
Mrs. Sarita Lodha |
|
Designation : |
Director |
|
Address : |
C-66-67, Shastri Nagar,
Jodhpur-342003, Rajasthan, India |
|
Date of Birth/Age : |
22.05.1966 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00057325 |
|
PAN No.: |
AAJPL2956P |
|
|
|
|
Name : |
Mr. Shripal Raj Lodha |
|
Designation : |
Managing Director |
|
Address : |
C-66-67, Shastri Nagar,
Jodhpur-342003, Rajasthan, India |
|
Date of Birth/Age : |
20.10.1958 |
|
Date of Appointment : |
29.04.1987 |
|
DIN No.: |
00057381 |
|
PAN No.: |
AAJPL2949L |
|
|
|
|
Name : |
Mr. Shrikul Lodha |
|
Designation : |
Director |
|
Address : |
C-66-67, Shastri Nagar,
Jodhpur-342003, Rajasthan, India |
|
Date of Birth/Age : |
28.01.1992 |
|
Date of Appointment : |
15.04.2011 |
|
DIN No.: |
03011881 |
KEY EXECUTIVES
|
Name : |
Mr. Khalid Hussain |
|
Designation : |
Company Secretary |
|
Address : |
5/3, Pulia-4, Chopasni Housing Board, Jodhpur-342008, Rajasthan, India
|
|
Date of Birth/Age : |
15.12.1971 |
|
Date of Appointment : |
24.05.1999 |
|
Pan No.: |
AATPH6919K |
|
|
|
|
Name : |
Mr. Pankaj Jain |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Equity Shareholders |
No. of Shares |
|
|
|
|
Shripal Lodha |
2971450 |
|
Sarita Lodha |
2356900 |
|
Shripal Raj Lodha as a karta of Shripal Raj Lodha and Sons HUF |
130450 |
|
Shrikul Lodha |
244700 |
|
Shrikruti Lodha u/g of Shripal Lodha |
120600 |
|
Shruti Lodha |
121500 |
|
Shrikul Trading Company Private Limited, India |
755000 |
|
Uma Polypacks Private Limited, India |
415000 |
|
Ravindra Rajpurohi |
100 |
|
Rakesh Jain |
200 |
|
C L Khimsara |
100 |
|
Bishan Rathore |
300 |
|
Ram Meghwal |
100 |
|
Micro Resorts Private Limited, India |
187500 |
|
Reward Exports Private Limited, India |
1032500 |
|
Secure Real Estate and Energy Private Limited, India |
42500 |
|
Riddhi Siddhi Tie-Up Private Limited, India |
1045000 |
|
Diamond Financial Consultants Private Limited, India |
231250 |
|
SMDS Trdaing Private Limited, India |
43750 |
|
|
|
|
Total |
9698900 |
|
Names of Preference Shareholders |
No. of Shares |
|
|
|
|
Uma Polypacks Private Limited, India |
140000 |
|
SMDS Trdaing Private Limited, India |
3760000 |
|
Reward Exports Private Limited, India |
135000 |
|
|
|
|
Total |
4035000 |
As on: 14.01.2013
|
Names of Allottee (Preference) |
No. of Shares |
|
Patni Holding Private Limited |
700000 |
|
|
|
|
Total |
700000 |
As on: 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
39.00 |
|
Directors or relatives of Directors |
61.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Suppliers of Laminated Flexible Packaging Materials. |
||||
|
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|
||||
|
Products : |
Domestic Market ·
Tata Salt ·
J.K. White Cement ·
Pillsbury Atta ·
GRASIM - Birla White Cement ·
Dhampur Sugar ·
Shakti Bhog Tea ·
Modi Sugar ·
Shakti Bhog Salt ·
MDH Spices ·
Haldiram ·
Britannia ·
Vadilal ·
Hero Honda International
Market ·
Herbal Products
|
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
·
USA ·
UK ·
Saudi Arabia |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
·
Singapore ·
Thailand |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash / Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of Bikaner and Jaipur, City Branch, Kapda Bazar, Chandi
Hall, Jodhpur - 342001, Rajasthan, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra Jain and Associates Chartered Accountants |
|
Address : |
Kalptaru Shopping Centre, |
|
Tel. No.: |
91-291-2627730 |
|
Mobile No.: |
91-9829021236 |
|
PAN No.: |
AAOPJ6227C |
|
|
|
|
Associates : |
UPL Trading Company Private Limited CIN No.: U51101RJ1995PTC009542 Secure Real Estate and Energy Private Limited CIN No.: U70100MH2005PTC150756 Nehar Electronics Private Limited CIN No.: U74899DL1988PTC030231 Uma Polypacks
Private Limited CIN No.: U25201RJ1994PTC008544 |
|
|
|
|
Relatives of Key
management personnel : |
Shri Uma Plastic Industries Private Limited |
|
|
|
|
Subsidiary Company
: |
Umax Packaging Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Millions |
|
5500000 |
Preference Shares |
Rs.10/- each |
Rs. 55.000 Millions |
|
|
Total |
|
Rs.165.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9698900 |
Equity Shares |
Rs.10/- each |
Rs.96.989
Millions |
|
4735000 |
Preference Shares |
Rs.10/- each |
Rs.47.350
Millions |
|
|
Total |
|
Rs.144.339 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOTE: FINANCIAL DETAILS FILE ATTACHED
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 |
Yes |
|
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 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] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
CORPORATE INFORMATION
Subject is a closely held company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing and selling of Flexible Packaging Material.
UNSECURED LOAN
Rs.
In Millions
|
Particular
|
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long-term borrowings |
|
|
|
Deposits |
31.653 |
18.346 |
|
Short-term
borrowings |
|
|
|
Deposits |
17.923 |
0.853 |
|
Total |
49.576 |
19.199 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10300856 |
18/07/2011 |
120,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
B18296152 |
|
2 |
10268767 |
17/03/2011 * |
31,100,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B10054229 |
|
3 |
10247359 |
13/09/2010 |
15,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
A97702229 |
|
4 |
10239067 |
26/08/2010 |
30,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
A94370186 |
|
5 |
10184519 |
17/11/2009 |
5,760,000.00 |
Deutsche Postbank Home Finance Limited |
B - 6/7, Community Centre, Safdurjung Enclave,, Opp. Deer Park, New
Delhi, Delhi - 110029, INDIA |
A73098196 |
|
6 |
10184522 |
17/11/2009 |
5,880,000.00 |
Deutsche Postbank Home Finance Limited |
B - 6/7, Community Centre, Safdurjung Enclave,, Opp. Deer Park, New
Delhi, Delhi - 110029, INDIA |
A73098626 |
|
7 |
10176248 |
31/08/2009 |
10,000,000.00 |
ICICI HOME FINANCE COMPANY LIMITED |
ICICI Bank Towers, Bandra-Kurla, Complex Mumbai, Maharashtra - 400051,
INDIA |
A69744704 |
|
8 |
10124632 |
27/08/2008 |
24,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
A47097514 |
|
9 |
10092351 |
02/07/2013 * |
829,800,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
B80397839 |
|
10 |
90071059 |
30/06/2003 * |
7,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
JODHPUR CITY BRANCH, JODHPUR, Rajasthan, INDIA |
- |
|
11 |
90068898 |
17/02/2004 * |
50,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
JODHPUR CITY BRANCH, JODHPUR, Rajasthan, INDIA |
- |
|
12 |
90068831 |
03/10/2007 * |
27,500,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
JODHPUR CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342003, INDIA |
A25048422 |
|
13 |
90070314 |
28/08/1999 * |
7,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
JODHPUR CITY BRANCH, JODHPUR, Rajasthan, INDIA |
- |
|
14 |
90069796 |
05/09/2012 * |
360,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
CITY BRANCH, KAPRA BAZAR, JODHPUR, Rajasthan - 342001, INDIA |
B58575689 |
|
15 |
90067985 |
16/10/1999 * |
7,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
JODHPUR CITY BRANCH, JODHPUR, Rajasthan, INDIA |
- |
|
16 |
90067840 |
22/06/1988 |
1,400,000.00 |
STATE BANK OF BIKANER & JAIPUR |
CITY BRANCH, JODHPUR, Rajasthan, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Freehold Land
· Leasehold Land
· Building
· Plant and Machinery
· Office Equipments
· Furniture and Fixtures
· Computers
· Vehicles
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.61.62 |
|
|
1 |
Rs.100.84 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
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Report Prepared
by : |
NTH |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.