MIRA
INFORM REPORT
|
Report Date : |
18.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
UIC CORPORATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dadra and Nagar Haveli, Survey No.285, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.08.2010 |
|
|
|
|
Com. Reg. No.: |
54-000420 (New) 04-061974 (Old) |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.130.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110GJ2010PTC000420 (New) U24110GJ2010PTC061974 (Old) |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCU3079P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Plastic Granules. |
|
|
|
|
No. of Employees
: |
100 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 774700 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was initially incorporated as a partnership concern in 2003, and
was later converted into a private limited company in 2010. It is an established company having moderate track record. The
management has seen a better increase in its sales volume but there appears a
low profit margin reported during 2013. The company is improving its financial profile, marked by modest
networth position. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of long standing experience of the promoters, the subject can
be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under control,
said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up
from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
15.04.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
15.04.2013 |
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. Manish Mehta |
|
Designation : |
Import Division |
|
Contact No.: |
91-22-26256468 |
|
Date : |
17.02.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Dadra and Nagar Haveli, Survey No.285, Main Khanvel Kherdi Road,
Kherdi, Silvassa – 396 230, Dadra Nagar Haveli, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9820036595 (Mr. Bharat Harilal Valia) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Head Office : |
A/3, Rameshwar Complex, Ghogha Circle, Bhavnagar – 364 002, Gujarat,
India |
|
|
|
|
Corporate Office : |
402, Casablanca, Plot No.130, CTS – 3A/5, Gulmohar Cross Road No.10,
Juhu, Vile Parle (West), Mumbai – 400 009, Maharashtra, India |
|
Tel. No.: |
91-22-26256468/ 69/ 71 |
|
Fax No.: |
91-22-26253232 |
DIRECTORS
AS ON 26.09.2013
|
Name : |
Mr. Pankajbhai Harilal Valia |
|
Designation : |
Director |
|
Address : |
55, Vrindavan, Nutun Laxmi Society, Road No.9, Juhu Scheme, Vile Parle
(West), Mumbai – 400 049, Maharashtra, India |
|
Date of Birth/Age : |
15.01.1955 |
|
Date of Appointment : |
12.08.2010 |
|
PAN No.: |
AAHPV1633R |
|
DIN No.: |
02047350 |
|
|
|
|
Name : |
Mr. Hardik Bharat Valia |
|
Designation : |
Director |
|
Address : |
3, Vakharia House, Presidency Society, N.S. Road 9, Juhu, Mumbai – 400
049, Maharashtra, India |
|
Date of Birth/Age : |
07.11.1982 |
|
Date of Appointment : |
30.09.2011 |
|
PAN No.: |
ABWPV4826C |
|
DIN No.: |
03068026 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Mehta |
|
Designation : |
Import Division |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2013
|
Names of Shareholders |
No. of Equity
Shares |
No. of
Preferences Shares |
|
Pankajbhai Harilal Valia |
1550000 |
250000 |
|
Hardik Bharat Valia |
2100000 |
250000 |
|
Bharat Harilal Valia |
1050000 |
-- |
|
Bhushan Pankaj Valia |
1750000 |
-- |
|
Daksha Pankaj Valia |
575000 |
-- |
|
Ilaben Bharat Valia |
525000 |
-- |
|
Rachna Hardik Valia |
200000 |
-- |
|
Gujarat Packaging, India |
250000 |
-- |
|
|
|
|
|
TOTAL
|
8000000 |
500000 |
AS ON 26.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
3.12 |
|
Directors
or relatives of directors |
|
96.88 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Plastic Granules. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
South Africa ·
UK |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit / Depend |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Reprocessed Plastic Granules |
MT |
Not Applicable |
20125 |
11072.749 |
GENERAL INFORMATION
|
Suppliers : |
·
Qatar Petrochem |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
End Users and OEM’s ·
Prince Plastic |
|||||||||||||||
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|
|
|||||||||||||||
|
No. of Employees : |
100 [Approximately] |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
State Bank of India, Sir P.M. Road Branch,
Gresham House, Ground Floor, Fort,
Mumbai – 400 001, Maharashtra, India Tel
No.: 91-22-22661301 |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sarda Soni Associates Chartered Accountants |
|
Address : |
16/13, Kapadia Chembers, 599 JSS Road, Chirabazar, Mumbai
– 400 002, Maharashtra, India |
|
PAN No: |
AADFS5674D |
|
|
|
|
Other Related
Parties : |
·
API Industries
Private Limited, India ·
Gujarat
Packaging, India ·
VHCL
Industries Limited, India ·
PMS
Exports Private Limited, India |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
1000000 |
Preferences Shares |
Rs.100/- each |
Rs.100.000 Millions |
|
|
TOTAL
|
|
Rs.200.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8000000 |
Equity Shares |
Rs.10/- each
|
Rs.80.000
Millions |
|
500000 |
Preferences Shares |
Rs.100/- each |
Rs.50.000
Millions |
|
|
TOTAL |
|
Rs.130.000 Millions |
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 |
|
|
|
|
(a) Share Capital |
130.000 |
40.000 |
40.000 |
|
(b) Reserves & Surplus |
63.679 |
34.076 |
15.113 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
40.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
193.679 |
114.076 |
55.113 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
319.203 |
443.354 |
57.313 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
319.203 |
443.354 |
57.313 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
515.551 |
909.668 |
716.678 |
|
(c)
Other current liabilities |
25.984 |
7.535 |
9.889 |
|
(d) Short-term
provisions |
17.133 |
19.249 |
25.316 |
|
Total Current
Liabilities (4) |
558.668 |
936.452 |
751.883 |
|
|
|
|
|
|
TOTAL |
1071.550 |
1493.882 |
864.309 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
33.884 |
34.292 |
26.795 |
|
(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 |
14.311 |
14.311 |
9.811 |
|
(c) Deferred tax assets (net) |
0.126 |
0.131 |
0.180 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
1.053 |
0.374 |
0.498 |
|
Total Non-Current
Assets |
49.374 |
49.108 |
37.284 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.023 |
0.000 |
0.000 |
|
(b)
Inventories |
263.309 |
67.297 |
59.522 |
|
(c)
Trade receivables |
674.831 |
1273.652 |
563.666 |
|
(d) Cash
and cash equivalents |
43.118 |
46.166 |
128.949 |
|
(e)
Short-term loans and advances |
40.895 |
57.659 |
74.888 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1022.176 |
1444.774 |
827.025 |
|
|
|
|
|
|
TOTAL |
1071.550 |
1493.882 |
864.309 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2142.000 |
2079.400 |
1344.200 |
|
|
|
Other Income |
NA |
NA |
8.186 |
|
|
|
TOTAL |
NA |
NA |
1352.386 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
1318.868 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
33.200 |
25.618 |
33.518 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.600 |
6.718 |
9.045 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
29.600 |
18.900 |
24.473 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.48 |
4.73 |
6.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA |
1.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.55
|
1.23 |
2.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.14
|
1.73 |
3.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.22 |
0.61 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.65
|
3.89 |
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.83
|
1.54 |
1.10 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
40.000 |
40.000 |
130.000 |
|
Reserves & Surplus |
15.113 |
34.076 |
63.679 |
|
Net
worth |
55.113 |
74.076 |
193.679 |
|
|
|
|
|
|
long-term borrowings |
57.313 |
443.354 |
319.203 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
57.313 |
443.354 |
319.203 |
|
Debt/Equity
ratio |
1.040 |
5.985 |
1.648 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
1344.200 |
2079.400 |
2142.000 |
|
|
|
54.694 |
3.010 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
1344.200 |
2079.400 |
2142.000 |
|
Profit |
24.473 |
18.900 |
29.600 |
|
|
1.82% |
0.91% |
1.38% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT:
|
Particulars |
31.03.2013 [Rs. in millions] |
31.03.2012 [Rs. in millions] |
31.03.2011 [Rs. in millions] |
|
|
|
|
|
|
Current
Maturities of Long Term Debt |
0.000 |
0.000 |
0.000 |
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10266034 |
20/07/2012 * |
420,000,000.00 |
STATE BANK OF
INDIA |
SIR P.M. ROAD BRANCH,
GRESHAM HOUSE, GROUND FLOOR, SIR P.M. ROAD, FORT, MUMBAI, MAHARASHTRA -
400001, INDIA |
B43961366 |
|
* Date of charge modification |
||||||
NOTE:
The registered office of the company has been shifted from A/3, Rameshwar Complex, Ghogha Circle, Bhavnagar – 364 002, Gujarat, India to the present address.
FINANCIAL RESULTS:
The sales of the
Company increased to Rs. 2142.000 Millions from Rs.2079.400 Millions in the
previous years, at the growth rate of 3.01%. The Net Profit after tax increased
to Rs. 29.600 Millions during the year as compared to Rs.18.900 Millions in the
previous year, at the growth rate of 56.61%. The Company has made provision for
tax of Rs. 3.600 Millions (Previous Year Rs. 6.718 Millions) for the year.
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Rupee term loans from others |
206.542 |
0.844 |
|
Deposits from directors |
0.000 |
0.635 |
|
Deposits from others |
0.000 |
425.714 |
|
TOTAL
|
206.542 |
427.193 |
FIXED ASSETS:
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
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.61.95 |
|
|
1 |
Rs.104.02 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.