MIRA
INFORM REPORT
|
Report Date : |
09.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
UHP TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1205-Zara, Nahar Amrit Shakti, off. |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.08.2009 |
|
|
|
|
Com. Reg. No.: |
11-195021 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.524 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28112MH2009PTC195021 |
|
|
|
|
IEC No.: |
0309050332 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV17127F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCV0716G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
They
undertake turnkey Engineering Projects. |
|
|
|
|
No. of Employees
: |
63 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There seems dip in the sales turnover as well as profit of the company
during 2014. However, general financial position of the company seems to be
decent. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Manjunath Jypthinagar |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9900058772 |
|
Date : |
09.12.2014 |
LOCATIONS
|
Registered Office : |
1205-Zara, Nahar Amrit Shakti, off. |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9900058772 (Mr. Manjunath Jypthinagar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate office : |
1256 1st stage, 4th Block, HBR Layout, Hennur Cross, |
|
Area : |
4000 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Branch Office : |
E-43, Kailash Industrial Complex, Hiranandani Link Road, Vikhroli
West, Mumbai – 400079, Maharashtra, India |
|
Tel. No.: |
91-22-40156050-53 |
|
Fax No.: |
91-22-40156054 |
|
Area : |
2000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Manjunath Thyagaraj Jyothinagar |
|
Designation : |
Director |
|
Address : |
1205-Zara, Nahar Amrit Shakti, Off. |
|
Date of Birth/Age : |
08.02.1972 |
|
Qualification : |
B. Tech (Chemical) |
|
Experience : |
21 Year |
|
Date of Appointment : |
18.08.2009 |
|
PAN No.: |
ABVPJ0761D |
|
DIN No.: |
01629847 |
|
|
|
|
Name : |
Mr. Harshapriya Jyothinagar |
|
Designation : |
Director |
|
Address : |
1205,Zara,Nahar Amrit Shakti, Next To Chandivali Studio, Chandivali,
Powai, Mumbai - 400072, Maharashtra, India |
|
Date of Birth/Age : |
01.03.1977 |
|
Qualification : |
MBBS |
|
Experience : |
16 Year |
|
Date of Appointment : |
01.03.2011 |
|
PAN No.: |
AHOPJ0141N |
|
DIN No.: |
01859488 |
|
|
|
|
Name : |
Mr. Rupesh Ramesh Khot |
|
Designation : |
Director |
|
Address : |
Flat No-101, New Himgiri Housing Society, Plot No-102, Sector-7,
Koparkhairane, Navi Mumbai - 400709, Maharashtra, India |
|
Date of Birth/Age : |
28.02.1972 |
|
Qualification : |
B. Tech (Petro.) |
|
Experience : |
21 Year |
|
Date of Appointment : |
18.08.2009 |
|
PAN No.: |
ABDPK4965E |
|
DIN No.: |
02660606 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Manjunath Thyagaraj Jyothinagar |
42500 |
81.18 |
|
Rupesh Ramesh Khot |
7852 |
15.00 |
|
Jt Shrikanth |
2000 |
3.82 |
|
Total |
52352 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
They
undertake turnkey Engineering Projects. |
|
|
|
|
Products : |
-- |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Components and Material |
|
Countries : |
·
USA ·
Singapore ·
Korea ·
Europe ·
Malaysia |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
PRODUCTION STATUS
|
Particulars |
Installed
Capacity |
Actual
Production |
|
KAS Cabinets |
300 |
50 |
|
Supply Panel |
300 |
50 |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
63 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
||||||
|
Banking
Relations : |
-- |
||||||
|
|
|
||||||
|
Auditors : |
|
||||||
|
Name : |
S. K. Patodia and Associates Chartered Accountants |
||||||
|
Address : |
Plot No. 156-158, Chakravarti Ashok Complex, J. B. Nagar, Andheri
(East), Mumbai – 400099, Maharashtra, India |
||||||
|
Tel. No.: |
91-22-67079444 |
||||||
|
Fax No.: |
91-22-67079494 |
||||||
|
E-Mail : |
|||||||
|
|
|
||||||
|
Membership : |
-- |
||||||
|
|
|
||||||
|
Sister Concern : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
52352 |
Equity Shares |
Rs.10/- each |
Rs.0.524 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.524 |
0.524 |
0.524 |
|
(b) Reserves & Surplus |
41.541 |
39.406 |
24.639 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
42.065 |
39.930 |
25.163 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.839 |
5.224 |
4.343 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.193 |
0.001 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.424 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
4.263 |
5.417 |
4.344 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
16.861 |
0.000 |
|
(b) Trade payables |
13.487 |
12.184 |
20.834 |
|
(c) Other current
liabilities |
16.059 |
7.239 |
32.434 |
|
(d) Short-term provisions |
0.663 |
5.403 |
2.428 |
|
Total Current Liabilities (4) |
30.209 |
41.687 |
55.696 |
|
|
|
|
|
|
TOTAL |
76.537 |
87.034 |
85.203 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12.038 |
11.189 |
14.117 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.355 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.729 |
0.729 |
0.289 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
13.122 |
11.918 |
14.406 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3.210 |
9.740 |
0.000 |
|
(c) Trade receivables |
28.850 |
43.462 |
9.471 |
|
(d) Cash and cash
equivalents |
15.876 |
6.222 |
11.826 |
|
(e) Short-term loans and
advances |
7.978 |
6.758 |
6.763 |
|
(f) Other current assets |
7.501 |
8.934 |
42.737 |
|
Total Current Assets |
63.415 |
75.116 |
70.797 |
|
|
|
|
|
|
TOTAL |
76.537 |
87.034 |
85.203 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
95.097 |
146.923 |
101.402 |
|
|
|
|
Other Income |
0.329 |
4.925 |
0.829 |
|
|
|
|
TOTAL (A) |
95.426 |
151.848 |
102.231 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
50.182 |
90.641 |
43.817 |
|
|
|
|
Employee Benefits Expenses |
20.423 |
14.703 |
16.434 |
|
|
|
|
Other Expenses |
15.407 |
18.629 |
12.560 |
|
|
|
|
TOTAL (B) |
86.012 |
123.973 |
72.811 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.414 |
27.875 |
29.420 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
3.193 |
2.031 |
1.410 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
6.221 |
25.844 |
28.010 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
2.984 |
3.285 |
2.538 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
3.237 |
22.559 |
25.472 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
1.102 |
7.792 |
8.539 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
2.135 |
14.767 |
16.933 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
FOB Value of Exports |
7.021 |
2.666 |
9.433 |
|
|
|
|
Service Income |
0.616 |
8.512 |
1.240 |
|
|
|
TOTAL EARNINGS |
7.637 |
11.178 |
10.673 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Purchase of Traded Goods |
16.740 |
5.508 |
3.923 |
|
|
|
TOTAL IMPORTS |
16.740 |
5.508 |
3.923 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
40.79 |
282.08 |
330.00 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
2.25 |
10.05 |
16.70 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.90 |
18.97 |
29.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.25 |
25.92 |
29.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.56 |
1.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.09 |
0.55 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10 |
1.80 |
1.27 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
0.524 |
0.524 |
0.524 |
|
Reserves & Surplus |
24.639 |
39.406 |
41.541 |
|
Net
worth |
25.163 |
39.930 |
42.065 |
|
|
|
|
|
|
long-term borrowings |
4.343 |
5.224 |
3.839 |
|
Short term borrowings |
0.000 |
16.861 |
0.000 |
|
Total
borrowings |
4.343 |
22.085 |
3.839 |
|
Debt/Equity
ratio |
0.173 |
0.553 |
0.091 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In
Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
101.402 |
146.923 |
95.097 |
|
|
|
44.892 |
(35.274) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs. In
Millions |
|
Sales
|
101.402 |
146.923 |
95.097 |
|
Profit |
16.933 |
14.767 |
2.135 |
|
|
16.70% |
10.05% |
2.25% |
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) |
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 |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans from
related parties |
2.290 |
4.402 |
|
|
|
|
|
Total |
2.290 |
4.402 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10347578 |
15/03/2014 * |
42,500,000.00 |
CITY UNION BANK LTD |
THANE BRANCH, GROUND FLOOR,LAXMI NARAYAN CHS, BHASKAR COLONY, MG ROAD,NAUPADA, THANE(W), MUMBAI, MAHARASHTRA - 400602, INDIA |
C04749560 |
*Date of modification Charges
FIXED ASSETS:
·
Plant and Machinery
·
Office Equipment
·
Vehicles
·
Furniture and Fixtures
·
Computers
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.61.93 |
|
|
1 |
Rs.96.37 |
|
Euro |
1 |
Rs.76.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.