MIRA
INFORM REPORT
|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNISYS SOFTWARES AND HOLDING INDUSTRIES LIMITED |
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Registered
Office : |
75/C, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
01.10.1992 |
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Com. Reg. No.: |
21-056742 |
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Capital
Investment / Paid-up Capital : |
Rs.230.002 Millions |
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CIN No.: [Company Identification
No.] |
L51909WB1992PLC056742 |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is engaged in the business of Software and hardware and
Mobile phones trading and also engaged in share investment. |
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No. of Employees
: |
7 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2300000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Profit margin of the company appears to be low. However, overall
financial of the company appears to be decent. Company is operating on its
owned funds. Trade relation reported to be fair. Business is active. Payment term
are reported to be slow but correct. The company can be considered for business dealing at usual trade term
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.
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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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.
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. D M Jha |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-983115006 |
|
Date : |
09.12.2013 |
LOCATIONS
|
Registered Office : |
75/C, Park Street, Kolkata – 700016, West Bengal |
|
Tel. No.: |
91-33-22295359 |
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Mobile No.: |
91-983115006 (Mr. D M Jha) |
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Fax No.: |
91-33-22299198 |
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E-Mail : |
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Area : |
1700 sq ft |
|
Location : |
Owned |
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Branch Office: |
105, Sagar Shopping Center, J P Road, Andheri West, Mumbai – 400058,
Maharashtra, India |
IRECTORS
As on 31.03.2013
|
Name : |
Mr. Jagdish Prasad Purohit |
|
Designation : |
Chairman and Managing Director |
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|
Name : |
Mr. Sushil Kumar Purohit |
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Designation : |
Executive Director |
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|
Name : |
Mr. Ashok Bothra |
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Designation : |
Independent Director |
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Name : |
Mr. Joharpal Singh |
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Designation : |
Independent Director |
KEY EXECUTIVES
|
Name : |
Mr. D M Jha |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Category of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
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|
4256400 |
18.51 |
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|
1000000 |
4.35 |
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|
303000 |
1.32 |
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|
303000 |
1.32 |
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|
5559400 |
24.17 |
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Total shareholding of Promoter and Promoter Group (A) |
5559400 |
24.17 |
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(B) Public Shareholding |
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|
100 |
0.00 |
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|
100 |
0.00 |
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|
12649080 |
55.00 |
|
|
|
|
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|
333527 |
1.45 |
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|
4008962 |
17.43 |
|
|
449131 |
1.95 |
|
|
733 |
0.00 |
|
|
146563 |
0.64 |
|
|
301735 |
1.31 |
|
|
100 |
0.00 |
|
|
17440700 |
75.83 |
|
Total Public shareholding (B) |
17440800 |
75.83 |
|
Total (A)+(B) |
23000200 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
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|
0 |
0.00 |
|
Total (A)+(B)+(C) |
23000200 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Software and hardware and
Mobile phones trading and also engaged in share investment. |
GENERAL INFORMATION
|
Suppliers : |
Omnitex Info Services Limited |
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Customers : |
Trimax IT Infrastructure and Services Limited |
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No. of Employees : |
7 (Approximately) |
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Bankers : |
·
Oriental Bank of Commerce ·
Kotak Mahindra Bank Limited ,
Bhavan Road, Kolkata, West Bengal, India ·
Canara Bank |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B. S. Kedia and Company Chartered Accountants |
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Address : |
8/1, Lal Bazar Street, 1st Floor, Room No. 8, Kolkata -
700 001, West Bengal, India |
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|
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Subsidiary/ Associates: |
·
JMD Telefilm Industries Limited ·
Warner Multimedia Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
23000200 |
Equity Shares |
Rs.10/- each |
Rs. 230.002
Millions |
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Note:
Reconciliation of number of shares.
|
Particulars |
31.03.2013 |
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|
Number |
Rs. |
|
Shares outstanding at the
beginning of the year |
23000200 |
230.002 |
|
Add : Shares issued on
Preferential Basis |
-- |
-- |
|
Shares outstanding at the
end of the year |
23000200 |
230.002 |
Rights, preference and restrictions attached to Equity
Shares
The Company has one class of Equity shares having a par
value of Rs.10/- each. Each shareholder is eligible to one vote per share held.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
230.002 |
230.002 |
230.002 |
|
(b) Reserves & Surplus |
348.986 |
340.884 |
327.111 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
578.988 |
570.886 |
557.113 |
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
1179.823 |
1606.940 |
1079.184 |
|
(c) Other long term liabilities |
799.211 |
339.371 |
515.171 |
|
(d) long-term provisions |
2.003 |
2.682 |
1.935 |
|
Total Non-current Liabilities (3) |
1981.037 |
1948.993 |
1596.290 |
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
2650.025 |
2519.879 |
2153.403 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
20.302 |
30.451 |
17.283 |
|
(b) Non-current Investments |
1336.956 |
1491.069 |
1127.612 |
|
(c) Deferred tax assets (net) |
1.836 |
1.836 |
2.072 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1359.094 |
1523.356 |
1146.967 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
55.434 |
0.000 |
0.000 |
|
(c) Trade receivables |
192.213 |
434.352 |
611.356 |
|
(d) Cash and cash
equivalents |
1.617 |
1.789 |
6.080 |
|
(e) Short-term loans and
advances |
951.667 |
560.382 |
389.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1200.931 |
996.523 |
1006.436 |
|
|
|
|
|
|
TOTAL |
2560.025 |
2519.879 |
2153.403 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3271.035 |
1996.465 |
1330.449 |
|
|
|
Other Income |
20.885 |
20.579 |
15.397 |
|
|
|
Closing Stock |
55.434 |
0.000 |
0.000 |
|
|
|
TOTAL |
3347.354 |
2017.044 |
1345.846 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase Cost |
3323.534 |
1988.360 |
1323.739 |
|
|
|
Employee Cost |
1.830 |
2.272 |
1.958 |
|
|
|
Other Expenses |
1.630 |
2.696 |
3.435 |
|
|
|
TOTAL |
3326.994 |
1993.328 |
1329.132 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
20.360 |
23.716 |
16.714 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.149 |
7.096 |
0.613 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10.211 |
16.620 |
16.101 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.109 |
2.847 |
1.936 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.102 |
13.773 |
14.165 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
28.657 |
17.640 |
6.308 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1.620 |
2.756 |
2.833 |
|
|
BALANCE CARRIED
TO THE B/S |
30.277 |
28.657 |
17.640 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.35 |
0.60 |
0.62 |
|
QUARTERLY RESULTS
|
Particulars |
30.06.2013 |
30.09.2013 |
|
Audited / UnAudited |
UnAudited |
UnAudited |
|
Net Sales |
615.7 |
773.600 |
|
Total Expenditure |
614.5 |
771.500 |
|
PBIDT (Excl OI) |
1.1 |
2.100 |
|
Other Income |
5.6 |
5.600 |
|
Operating Profit |
6.7 |
7.700 |
|
Interest |
0.000 |
0.000 |
|
Exceptional Items |
0.000 |
0.000 |
|
PBDT |
6.700 |
7.700 |
|
Depreciation |
1.700 |
1.700 |
|
Profit Before Tax |
5.100 |
6.000 |
|
Tax |
0.000 |
0.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
|
Profit After Tax |
5.100 |
6.000 |
|
Extraordinary Items |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
|
Net Profit |
5.100 |
6.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.24
|
0.68 |
1.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.31
|
0.83 |
1.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
134.91
|
1.62 |
180.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.00
|
0.00 |
0.00 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
OVERVIEW OF ECONOMY
According to the latest estimates, Indian Economy grew by 5% in FY 2013, reflecting lower than expected growth in both industry and services sectors. Inflation also was at elevated levels. However with commodity and crude oil prices on the decline from the peak and with various policy initiatives coming through, the Economy is estimated to grow by around 6% in FY2014 with lower Inflation.
OVERALL PERFORMANCE
AND OUTLOOK
The Business environment remains extremely challenging and the recessionary economic conditions leading to slowdown in demand and inflation pushed scale up of input costs left its adverse imprint on overall performance for 2012-2013. Gross Sales has been increased during the year in comparison to last financial year but overall Net Profit has fallen due to lack of demand as well as pressure of imported items from China. The Earning has been beaten down solely by Mobile Phones and Accessories which was topmost earning tool during last financial year.
Directors are pleased to inform that in spite of difficult times, the Company, based on its intrinsic strength, has broadly maintained its performance. Net income from operations remained satisfactory to an amount of Rs. 10.211 Millions during the year in comparison to last years' income of Rs. 16.620 Millions.
The Company is in to the Business of lending its surplus fund in to the Capital and Money Market as well as providing financial assistance to Corporate and HNIs. Beside this, the Company is into the business of Advisory Services to meet the requirements of Corporate Funding for Corporate Clients. Beside above, the Company is also into the Business of trading of Software (Mobile Applications) and Mobile handsets.
MANAGEMENT DISCUSSION
AND ANALYSIS
MACRO ECONOMIC
ENVIRONMENT
The year 2012 had been a year of slow growth world over and as per IMF forecast Global Economy is likely to show a growth of 3.3% during 2013 as compared to growth of 3.2% during 2012. The Global Economies witnessed a subdued growth with diverging growth paths across major economies. US economy which has registered a modest recovery is again subject to the adverse impact of the budget sequestration which will gradually gain pace during 2013. Japan's economy has shown signs of improvement on account of monetary and fiscal stimulus undertaken. The sovereign debt crises and the danger of a banking system meltdown in peripheral euro zone countries coupled with contraction in its major economies like Germany has resulted in negative growth in Euro zone.
The growth in the Emerging Market Economies which are viewed as growth engines of the world economy world over; have also slowed down with Brazil and South Africa registering accelerated growth where as Russia, China and India recorded a lower growth.
According to the Central Statistics Office's advance estimate of GDP growth, Indian Economy is expected to grow at 5% during the year 2012-13 as compared to a growth of 6.21% registered during 2011-12. This has been mainly on account of week industrial activity compounded by domestic supply bottlenecks and slackening of external demand.
This has also slowdown the growth in the service sector which has been the main driver of the growth. The Reserve Bank of India in order to strike a balance in growth- inflation dynamics have initiated various measures during 2012-2013 to provide greater liquidity to financial system. This has resulted in moderating the headline inflation within its acceptable level. The food inflation as measured by new combined (rural and urban) consumer price index (CPI) remains in double digit is a cause of concern. The measures initiated are expected to result in moderate growth in GDP in the second half of 2013-2014.
REVIEW OF OPERATIONS
AND SEGMENTAL PERFORMANCE
The performance of the Company during the year was in line and the Company has done well in spite of recession, higher inflation rate, and higher risk of bankruptcy in Money Market in terms of safety and security as well as lack luster performance of Capital Market. Even the demand in Software business has fallen in big way due to online availability of such software applications which has also affected the business of the Company during the year.
Net income from operations remained at Rs. 10.211 Millions for the year in comparison to last year's figure of Rs. 16.620 Millions. The Net Profit of the Company after Extra-Ordinary items, stood at Rs. 81.02 Lac in comparison to last years' figure of Rs. 13.773 Millions.
In term of Segmental Operations, the Company has earned a Gross Profit of Rs. 12.211 Millions from Interest on Loan, Rs. 2.936 Millions from Sale of Mobile and Mobile Application Software and Rs. 4.730 Millions.
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.62.13 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.