MIRA
INFORM REPORT
|
Report Date : |
30.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
UMA CONVERTER PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A/ 36,4TH Floor Circle-B, Opp. Rajpath Club, Sarkhej
Gandhinagar Highway, Bodakde, Ahmedabad-380015 |
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Country : |
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|
|
Financials (as
on) : |
31.03.2012 |
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|
|
Date of
Incorporation : |
18.06.1999 |
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|
Com. Reg. No.: |
04-036163 |
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Capital
Investment / Paid-up Capital : |
Rs. 30.000 Millions |
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|
|
CIN No.: [Company Identification
No.] |
U55200GJ1999PTC036163 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturing and Selling of Flexible Packaging Material. |
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|
|
No. of Employees
: |
150 (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 498000 |
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|
|
Status : |
Moderate |
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|
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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 moderate track. There appears
huge external borrowings recorded by the company which seems to be increasing
over years. 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
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long- term Bank Facilities BB- |
|
Rating Explanation |
Moderate risk of default |
|
Date |
January 24, 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank Facilities A4 |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk |
|
Date |
January 24, 2012 |
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 DENIED BY
|
Name : |
Mr. Ashish B |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9327103652 |
|
Date : |
29.01.2013 |
LOCATIONS
|
Registered Office / Head Office
: |
A/36, 4th Floor, Circle – B, Judges Bunglow Road, Sarkhej Bodakde
Highway, Gandhinagar, Ahmedabad – 380 015, Gujarat, India |
|
Tel. No.: |
91-79-26872584 |
|
Mobile No.: |
91-9824077254 (Mr. |
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Fax No.: |
91-79-26872585 |
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E-Mail : |
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Website : |
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Factory/ Godown : |
Plot No. 868, |
|
Tel. No.: |
91-2764-286681/ 286432 |
|
Fax No.: |
91-2764-286181 |
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|
|
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Branch Office 1 : |
"JANANI", Sreenivasapuram Varkala - 695145, District |
|
Tel. No.: |
91-470-2608676 |
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E-Mail : |
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Branch Office 2 : |
3/15, New Bansi Park, Opposite N. L. High School, Nursing Lane, F. V. Road, Malad (West), Mumbai – 400064, Maharashtra, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Nirmala |
|
Designation : |
Director |
|
Address : |
C-3/42, Goyal Intercity, Drive – in – Road, Ahmedabad- 380054, |
|
Date of Birth/Age : |
23.09.1963 |
|
Date of Appointment : |
18.06.1999 |
|
DIN No.: |
00033246 |
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|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
C-3/42, Goyal Intercity, Drive – in – Road, Ahmedabad- 380054, |
|
Date of Birth/Age : |
22.09.1956 |
|
Date of Appointment : |
18.06.1999 |
|
DIN No.: |
00033283 |
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|
|
KEY EXECUTIVES
|
Name : |
Mr. Ashish B |
|
Designation : |
Accounts Department |
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|
|
Name : |
Mr. Bharatkumar P. Tank |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
849900 |
|
Nirmala Lodha |
|
1440000 |
|
Abhishek Lodha |
|
570000 |
|
Swati Lodha |
|
40000 |
|
Manoj Bothra |
|
50000 |
|
Naresh Bothra |
|
50000 |
|
Chartered Carrier Limited (Now Chartered Logistics Limited), Ahmedabad |
|
100 |
|
Total |
|
3000000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
0.01 |
|
Directors or relatives of Directors |
99.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Flexible Packaging Material. |
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Products : |
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PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Pouches |
Kg |
35,666,062 |
|
Co-extruded Sheets |
Kg |
64,655 |
|
Flexible Rolls |
Kg |
2,008,862 |
|
Wastage |
Kg |
208,531 |
GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Rajendra R Jain and Company Chartered Accountants |
|
Address : |
E-47, Shastri Nagar, Behind Barkayullah Khan Stadium, Jodhpur,-342001,
|
|
Tel. No.: |
91-291-2772730 |
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E-Mail : |
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PAN No.: |
AAOPJ6227C |
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Related Parties : |
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CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
NOTE:
RECONCILIATION OF THE SHARES OUTSTANDING AT THE BEGINNING AND AT THE END
OF THE REPORTING PERIOD
|
Equity Shares |
31.03.2012 |
|
|
No. in Lacs |
Rs. in Millions |
|
|
At the beginning of the period |
30.00 |
30.000 |
|
Issued during the period – Fully Paid up |
0.00 |
0.000 |
|
Outstanding at the end of the period |
30.00 |
30.000 |
TERMS/ RIGHTS ATTACHED TO EQUITY SHARES
The company has only one class of equity shares
having a par value of Rs. 10/- per share. Each holder of equity shares is
entitled to one vote per share. The company declares and pays dividends in
Indian rupees. No dividend however has been proposed by the Board of Directors
for the financial year 2011-12.
In the event of liquidation of the company,
the holders of equity shares will be entitled to receive remaining assets of
the company, after distribution of all preferential amounts. The distribution
will be in proportion to the number of equity shares held by the shareholders.
|
Details of Shareholders holding more than 5% equity shares in the
company |
31.03.2012 |
|
|
No. in Lacs |
% holding in the class |
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|
Equity shares of Rs. 10/- each fully paid |
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|
Name of Shareholder |
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|
|
|
8.499 |
28.33% |
|
Smt Nirmala Lodha |
14.40 |
48.00% |
|
Abhishek Lodha |
5.70 |
19.00% |
|
As per the of the company, including its
register of shareholders / members and other declarations received from shareholders
regarding beneficial interest, the above shareholding represents both legal
and beneficial ownerships of shares. |
||
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 |
30.000 |
30.000 |
16.800 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
94.488 |
35.216 |
30.304 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
124.488 |
65.216 |
47.104 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
154.091 |
117.918 |
111.773 |
|
|
2] Unsecured Loans |
51.904 |
73.275 |
78.107 |
|
|
TOTAL BORROWING |
205.995 |
191.193 |
189.880 |
|
|
DEFERRED TAX LIABILITIES |
9.322 |
10.593 |
11.181 |
|
|
|
|
|
|
|
|
TOTAL |
339.805 |
267.002 |
248.165 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
167.123 |
132.255 |
136.208 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
122.089
|
82.712 |
70.218 |
|
|
Sundry Debtors |
105.302
|
89.872 |
72.877 |
|
|
Cash & Bank Balances |
20.551
|
12.452 |
5.066 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
15.844
|
19.053 |
14.844 |
|
Total
Current Assets |
263.786
|
204.089 |
163.005 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
51.841
|
42.302 |
47.184 |
|
|
Other Current Liabilities |
36.588
|
26.093 |
3.083 |
|
|
Provisions |
2.675
|
0.947 |
0.781 |
|
Total
Current Liabilities |
91.104
|
69.342 |
51.048 |
|
|
Net Current Assets |
172.682
|
134.747 |
111.957 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
339.805 |
267.002 |
248.165 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
521.454 |
456.333 |
331.709 |
|
|
|
Other Income |
5.360 |
9.226 |
1.669 |
|
|
|
Excise Duty on Finished Goods |
0.000 |
0.000 |
0.373 |
|
|
|
TOTAL (A) |
526.814 |
465.559 |
333.751 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Raw Material and components consumed |
402.545 |
344.061 |
|
|
|
|
(Increase)/ Decrease in inventories of finished goods |
(14.569) |
(5.016) |
|
|
|
|
Employee benefits expense |
15.833 |
10.463 |
|
|
|
|
Other expenses |
61.797 |
56.369 |
|
|
|
|
TOTAL (B) |
465.606 |
405.877 |
298.756 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
61.208 |
59.682 |
34.995 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
30.693 |
34.368 |
17.423 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
30.515 |
25.314 |
17.572 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
18.544 |
19.177 |
13.967 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.971 |
6.137 |
3.605 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
2.983 |
1.225 |
1.410 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
8.988 |
4.912 |
1.922 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
27.016 |
22.104 |
20.182 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
36.004 |
27.016 |
22.104 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
2.220 |
4.693 |
2.736 |
|
|
|
TOTAL EARNINGS |
2.220 |
4.693 |
2.736 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
31.006 |
29.061 |
|
|
|
|
Capital Goods |
0.000 |
2.871 |
|
|
|
TOTAL IMPORTS |
31.006 |
31.932 |
68.364 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.00 |
1.64 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.71 |
1.06 |
0.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.30 |
1.34 |
1.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.78 |
1.82 |
1.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.09 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.65 |
2.93 |
4.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.90 |
2.94 |
3.19 |
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 |
No |
|
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 |
Yes |
|
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] |
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 |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U55200GJ1999PTC036163 |
|
Name of the
company |
UMA CONVERTER
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A/36, 4th Floor, Circle – B, Judges Bunglow Road, Sarkhej
Bodakde Highway, Gandhinagar, Ahmedabad – 380 015, Gujarat, India |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
10364908 |
|
Type of charge |
|
|
Particular of
charge holder |
|
|
Nature of
instrument creating charge |
Memorandum of Deposit of Title Deeds cum Entry |
|
Date of
instrument Creating the charge |
18.09.2012 |
|
Amount secured by
the charge |
Rs. 50.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest No Changes Terms of
Repayment No Changes Margin No Changes Extent and
Operation of the charge Cash Credit Limit
- Rs. 25.000 Millions ILC/FLC Limit - Rs.
22.500 Millions BC (Sublimit of
ILC/FLC of Rs. 22.500 Millions) LEF Limit - Rs.
2.500 Millions Total Exposure -
Rs. 50.000 Millions Exclusive charge
by way of Equitable mortgage on property. Others NIL |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First and
exclusive charge on all that the pieces or parcel of land bearing survey Plot
No. 761 admeasuring about approximate 3805 sq. mtrs, built up area situated at
Block No. 868, Village- Santej in Kalol Taluka District of Gandhinagar. First and
exclusive charge on all that the pieces or parcel of land bearing survey Plot
No. 764/2 admeasuring about
approximate 1665 sq.mtrs, built up area of approximate 1330 sq.mtrs. situated
at Block No. 871, Village- Santej in Kalol Taluka District of Gandhinagar. |
|
Date of
instrument modifying the charge |
25.05.2012 |
|
Particulars of
the present modification |
The total Limit
of Rs. 50.000 Millions secured by way of all that the pieces or parcel of
land bearing survey Plot No. 761 admeasuring about approximate 3805 sq. mtrs.
& Plot No. 764/2 admeasuring about approximate 1665 sq. mtrs, built up
area of approximate 1330 sq.mtrs. situated at Block No. 871, Village- Santej
in Kalol Taluka District of Gandhinagar. |
DETAILS OF SUNDRY CREDITORS
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
31.03.2010 (Rs.
in Millions) |
|
Trade Payables |
51.841 |
42.302 |
47.184 |
|
Total |
51.841 |
42.302 |
47.184 |
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Other Loans and
Advances |
|
|
|
Deposits from Customers |
6.674 |
6.590 |
|
Loans from
Corporate Bodies/ Banks |
21.427 |
33.152 |
|
Deposits from
Members |
10.182 |
7.304 |
|
Deposits from
Directors |
3.621 |
24.992 |
|
Deposits from
Shareholders |
10.000 |
1.237 |
|
Total |
51.904 |
73.275 |
FIXED ASSETS
- Land and Sit Development
- Furniture and Fixtures
- Office Equipments
- Computer and Printer
- Motor and Vehicles
- Electric Installation
- Factory and Auxiliary Equipments
- Software
- Building under Construction
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 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. 53.70 |
|
|
1 |
Rs. 84.35 |
|
Euro |
1 |
Rs. 72.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
RJT |
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 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.