MIRA
INFORM REPORT
|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
JIANGYIN UNI-POL VACUUM CASTING INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 203,
Chitrashala Building, 562, Sadashiv Peth, Pune – 411 030, Maharashtra |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.12.2009 |
|
|
|
|
Com. Reg. No.: |
11-135107 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.255 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113PN2009PTC135107 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of all kinds of Metal and Metal Products, Vacuum
Castings, Vacuum Cast Turbine Wheel Parts, Turbo Castings and its
bye-products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 640000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is a subsidiary of “Jiangyin Uni-Pol Company Limited”. It is an
established company having moderate track record. The management has reported better year on year growth in its sales
volumes. However, there appear consecutive losses reported in the books,
since its inception. The ratings also take into consideration timely infusion of funds from
the part of promoters as capital. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. In view of support from its holding company, the subject can be
considered for business dealing with some caution. Note: The annual
financials which are recorded in the director’s report of FY ended 2013, bear
a wrong financial year titled as 31/03/2012, whereas it should be 31/03/2013. Similarly, the titled financial year started in the same directors
reported but for previous year i.e. 31/03/2012 is wrongly printed as
30/09/2011 which has been duly corrected in our report. |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank Goldman
Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1 million
Indian tourists in 2012), Thailand (one million), the United Arab Emirates
().98 million) and Malaysia ().82 million) emerged as the preferred holidays
hotspots for Indians. The total figure is expected to increase to 1.93 million
by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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.
LOCATIONS
|
Registered Office : |
Flat No. 203,
Chitrashala Building, 562, Sadashiv Peth, Pune – 411 030, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory : |
Gat No. 55/2, Pimple Jagtap, Chakan-Shikrapur Road, Tal-Shirur, Pune –
412 208, Maharas4htra, India |
|
Tel. No.: |
91-2137-617901 |
DIRECTORS
AS ON 23.09.2013
|
Name : |
Mr. Glenn Charles Harris |
|
Designation : |
Additional Director |
|
Address : |
40 Gregory Avenuue, Ryde, Isle of Wight, United Kingdom, PO 331P |
|
Date of Appointment : |
02.02.2010 |
|
DIN No.: |
02897034 |
|
|
|
|
Name : |
Mr. Richard Joseph Wilton |
|
Designation : |
Additional Director |
|
Address : |
97 The Crossway, Portchester, Fareham, United Kingdom, PO 168N |
|
Date of Appointment : |
05.03.2010 |
|
DIN No.: |
02897318 |
|
|
|
|
Name : |
Mr. Huifeng Liu |
|
Designation : |
Additional Director |
|
Address : |
Suite 901, Unit 2, Building-14, No.79, Nanjing, China 210003 |
|
Date of Birth/Age : |
20.03.1957 |
|
Date of Appointment : |
23.06.2010 |
|
DIN No.: |
03011771 |
|
|
|
|
Name : |
Mr. Price William Gavin |
|
Designation : |
Director |
|
Address : |
Flat No. A1/401, Lunkad Sky, Vie Apartment, S. Pune – 411014,
Maharashtra India |
|
Date of Birth/Age : |
13.04.1979 |
|
Date of Appointment : |
29.07.2013 |
|
DIN No.: |
06645624 |
KEY EXECUTIVES
|
Name : |
Mr. Dhaval Kulkarni |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 23.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Jiangyin Uni-Pol Company Limited, China |
|
716188 |
|
Shinery International Company, Hong Kong |
|
36096 |
|
Hong Kong New Chengfeng Company Limited, China |
|
4655 |
|
Polycast International Limited, United Kingdom |
|
58778 |
|
Polycast Limited, United Kingdom |
|
9815 |
|
|
|
|
|
Total |
|
825532 |
Equity Share Break up (Percentage of Total Equity)
AS ON 23.09.2013
|
Category |
Percentage |
|
Foreign holdings |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all kinds of Metal and Metal Products, Vacuum
Castings, Vacuum Cast Turbine Wheel Parts, Turbo Castings and its
bye-products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
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Bankers : |
·
Kotak Mahindra Bank Limited, 36-38A, Nariman
Bhavan, 227, D, Nariman Point, Mumbai – 400 021, Maharashtra, India · Sharad Sahakari Bank Limited, Marketyard, Manchar, Taluka Ambegaon, District Pune, Manchar - 410503, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
N. R. Dhavalikar and Company Chartered Accountants |
|
Address : |
45/5A, Nimit Co-operative Society, Flat No.2, Karve Nagar, Pune – 411
052, Maharashtra, India |
|
Tel. No.: |
24494795 |
|
PAN No.: |
ABDPD7300G |
|
|
|
|
Holding Company : |
Jiangyin Uni-Pol Company Limited |
CAPITAL STRUCTURE
AS ON 23.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850000 |
Equity Shares |
Rs. 10/- each |
Rs. 8.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
825532 |
Equity Shares |
Rs. 10/- each |
Rs. 8.255 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 |
8.255 |
3.397 |
1.201 |
|
(b) Reserves & Surplus |
151.927 |
65.521 |
17.300 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
50.553 |
|
Total
Shareholders’ Funds (1) + (2) |
160.182 |
68.918 |
69.054 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.335 |
7.588 |
7.500 |
|
(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) |
6.335 |
7.588 |
7.500 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
61.143 |
63.332 |
0.000 |
|
(b) Trade payables |
301.285 |
192.908 |
24.121 |
|
(c) Other current liabilities |
15.328 |
14.250 |
0.076 |
|
(d) Short-term provisions |
23.392 |
5.698 |
1.426 |
|
Total
Current Liabilities (4) |
401.148 |
276.188 |
25.623 |
|
|
|
|
|
|
TOTAL |
567.665 |
352.694 |
102.177 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
131.407 |
77.662 |
44.661 |
|
(ii) Intangible Assets |
0.189 |
0.051 |
0.000 |
|
(iii) Capital work-in-progress |
0.204 |
0.886 |
2.089 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.375 |
0.418 |
0.000 |
|
(c) Deferred tax assets (net) |
81.247 |
50.003 |
14.953 |
|
(d) Long-term Loan and Advances |
7.359 |
3.520 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
220.781 |
132.540 |
61.703 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.188 |
|
(b) Inventories |
79.860 |
81.390 |
15.027 |
|
(c) Trade receivables |
144.496 |
85.587 |
1.190 |
|
(d) Cash and cash equivalents |
10.560 |
4.604 |
6.201 |
|
(e) Short-term loans and
advances |
111.010 |
48.465 |
17.868 |
|
(f) Other current assets |
0.958 |
0.108 |
0.000 |
|
Total
Current Assets |
346.884 |
220.154 |
40.474 |
|
|
|
|
|
|
TOTAL |
567.665 |
352.694 |
102.177 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
|
|
|
|
||
|
|
|
Gross Revenue |
|
|
1.437 |
|
|
|
|
Other Income |
|
|
NA |
|
|
|
|
TOTAL |
560.777 |
167.010 |
NA |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
|
|
|
||
|
|
|
TOTAL |
595.049 |
239.101 |
NA |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(34.272) |
(72.091) |
(25.753) |
||
|
|
|
|
|
|
||
|
|
DEPRECIATION/
AMORTISATION |
4.886 |
2.609 |
0.607 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
(139.157) |
(74.700) |
(26.360) |
||
|
|
|
|
|
|
||
|
|
TAX |
(31.244) |
(35.050) |
0.000 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
(107.913) |
(39.650) |
(26.360) |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
F.O.B. Value of Exports |
359.646 |
123.203 |
NA |
|
|
|
TOTAL EARNINGS |
359.646 |
123.203 |
NA |
||
|
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|
|
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||
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|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
389.160 |
151.284 |
0.000 |
|
|
|
|
Components and Stores parts |
68.032 |
51.507 |
2.297 |
|
|
|
|
Capital Goods |
33.641 |
20.538 |
21.640 |
|
|
|
TOTAL IMPORTS |
490.833 |
223.329 |
23.937 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
(130.71) |
(116.71) |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(19.24) |
(23.74) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(28.64) |
(24.79) |
(31.03) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.87) |
(1.08) |
(0.38) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.42 |
1.02 |
0.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86 |
0.80 |
1.58 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1.201 |
3.397 |
8.255 |
|
Reserves & Surplus |
17.3 |
65.521 |
151.927 |
|
Share Application money
pending allotment |
50.553 |
0.000 |
0.000 |
|
Net
worth |
69.054 |
68.918 |
160.182 |
|
|
|
|
|
|
long-term borrowings |
7.5 |
7.588 |
6.335 |
|
Short term borrowings |
0 |
63.332 |
61.143 |
|
Total
borrowings |
7.500 |
70.920 |
67.478 |
|
Debt/Equity
ratio |
0.109 |
1.029 |
0.421 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
167.010 |
560.777 |
|
|
0.000 |
235.775 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
167.010 |
560.777 |
|
Profit |
(39.650) |
(107.913) |
|
|
(23.74)% |
(19.24)% |
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 |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
No |
|
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 |
LITIGATION DETAILS:
|
Presentation Date:- |
02/05/2014 |
|
Lodging No.:- |
APPL/283/2014 |
Filing Date:- |
02/05/2014 |
Reg. No.:- |
APP/209/2014 |
Reg. Date:- |
08/05/2014 |
|
Main Matter |
|||
|
Lodging No.:- |
CPL/662/2013 |
Reg No.:- |
CP/579/2013 |
|
Petitioner:- |
Avalloy Private Limited |
Respondent:- |
JIANGYIN UNI-POL VACUUM CASTING INDIA PRIVATE LIMITED |
|
Petn.Adv.:- |
Sugandh B. Deshmukh (550) |
|
|
|
District:- |
Outside Maharashtra |
|
|
|
Bench:- |
DIVISION |
|
|
|
Status:- |
Pre-Admission |
Category:- |
APPEAL(FINAL JUDGMENT/DECREE-CP) |
|
Next Date:- |
17/06/2014 |
Stage:- |
|
|
Coram:- |
ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
|
|
|
Act :- |
Companies Act & Rules 1956 |
NOTE: Registered office
address of the company has been shifted from G-1, Phoenix, Bund Garden Road, Opposite
Residency Club, Pune – 411 001, Maharashtra, India to the present address
w.e.f. 07.05.2010
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10355537 |
15/05/2012 |
90,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI
- 400021, MAHARASHTRA, INDIA |
B39576251 |
|
2 |
10281255 |
30/03/2011 |
15,000,000.00 |
SHARAD
SAHAKARI BANK LIMITED |
MARKETYARD,
MANCHAR, TALUKA AMBEGAON, DISTRICT PUNE - 410503, MANCHAR, MAHARASHTRA, INDIA |
B10935047 |
FIXED ASSETS:
·
Building
·
Computer
·
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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] 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.59.06 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.80.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
30 |
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.