MIRA INFORM REPORT
|
Report No. : |
307481 |
|
Report Date : |
11.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNIPHOS INTERNATIONAL LIMITED [w.e.f. 21.01.2012] |
|
|
|
|
Formerly Known
As : |
UNIPHOS AGRO INDUSTRIES LIMITED |
|
|
|
|
Registered Office
: |
3-11, GIDC, Vapi – 396195, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.07.1992 |
|
|
|
|
Com. Reg. No.: |
04-027317 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.66.052
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24219GJ1992PLC027317 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Chemical and Agro Products. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Maximum Credit Limit : |
USD 430000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financial with government
department for the year 2014. As per available financial of 2013, general financial position of the
company seems to be decent. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
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
|
Rating Agency Name |
India Ratings |
|
Rating |
Long term rating=BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
August, 2014 |
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 DENIED BY
|
Name : |
Mr. Narsingh |
|
Designation : |
Assistant Manager (Account) |
|
Contact No.: |
91-22-61233527 |
|
Date : |
27.01.2015 |
LOCATIONS
|
Registered Office : |
3-11, GIDC, Vapi-396195, Gujarat, India |
|
Tel. No.: |
91-22-61233527 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Readymoney Terrace, 167, Dr. Annie Besant Road, Worli, Mumbai-400018,
Maharashtra, India |
|
Tel No.: |
91-22-61233500 |
|
Fax No.: |
91-22-24938826 |
DIRECTORS
AS ON 26.10.2012
|
Name : |
Mr. Rajnikant Devidas Shroff |
|
Designation : |
Director |
|
Address : |
202, Parishram, 40, Pali Hill, Bandra (West), Mumbai-400050,
Maharashtra, India |
|
Date of Birth/Age : |
20.10.1933 |
|
Date of Appointment : |
02.11.1992 |
|
Election Commissioner Identity Card No.: |
MT/09/042/504476 |
|
Din No.: |
00180810 |
|
|
|
|
Name : |
Mrs. Sandra Rajnikant Shroff |
|
Designation : |
Director |
|
Address : |
202, Parishram, 40, Pali Hill, Bandra (West), Mumbai-400050,
Maharashtra, India |
|
Date of Birth/Age : |
05.09.1940 |
|
Date of Appointment : |
04.06.1993 |
|
Election Commissioner Identity Card No.: |
MT/09/042/504477 |
|
Din No.: |
00189012 |
|
|
|
|
Name : |
Mr. Kalyan Mohan Banerjee |
|
Designation : |
Director |
|
Address : |
Lake Castle, Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra,
India |
|
Date of Birth/Age : |
10.16.1942 |
|
Date of Appointment : |
24.07.1992 |
|
Election Commissioner Identity Card No.: |
GJ/26/182/030728 |
|
Din No.: |
00276866 |
|
|
|
|
Name : |
Mr. Mukul Bhupendra Trivedi |
|
Designation : |
Director |
|
Address : |
1206, Manish Towers, Service J.P.
Road, Four Bunglows, Andheri (West), Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
02.02.1953 |
|
Date of Appointment : |
24.07.1992 |
|
Election Commissioner Identity Card No.: |
MT/08/039/0405117 |
|
Din No.: |
00242399 |
|
|
|
|
Name : |
Mr. Bipin Nandlal Jani |
|
Designation : |
Director |
|
Address : |
8, B-181-2800, Tagor Nagar, Vikhroli, Mumbai-400083, Maharashtra,
India |
|
Date of Birth/Age : |
26.09.1956 |
|
Date of Appointment : |
23.08.2012 |
|
Election Commissioner Identity Card No.: |
UUP0521597 |
|
Din No.: |
00297043 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.10.2012
|
Names of Shareholders |
|
No. of Shares |
|
United Phosphorus Limited |
|
1000000 |
|
Vikaram R. Shroff |
|
1501000 |
|
S.R. Shroff |
|
1031000 |
|
Jai Shroff |
|
503000 |
|
Demuric Holding Private Limited |
|
113200 |
|
Nivi Trading Limited |
|
18800 |
|
Shilpa P. Sagar |
|
3000 |
|
Mukul Bhupendra Trivedi |
|
4200 |
|
Rajnikant Devidas Shroff |
|
1000 |
|
Kalyan Mohan Banerjee |
|
5000 |
|
Public |
|
2425020 |
|
|
|
|
|
TOTAL
|
|
6605220 |
AS ON 26.10.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
17.13 |
|
Directors
or relatives of directors |
|
46.16 |
|
Other
top fifty shareholders |
|
3.19 |
|
Others
|
|
33.52 |
|
|
|
|
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Chemical and Agro Products. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
-- |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
-- |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Bank of Baroda, Corporate Financial Services
Branch, 1st Floor, 3, Walchand Hirachand Marg, Balard Pier, Mumbai
– 400038, Maharashtra, India ·
Canara Bank, Worli, Mumbai – 400018, Maharashtra,
India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vora and Associates Chartered Accountants |
|
Address : |
101-103, Rewa Chambers, 31, New Marine Lines, Mumbai – 400020,
Maharashtra, India |
|
PAN No: |
AACFV6555H |
|
|
|
|
Other Related Party : |
United Phosphorus Limited [L24219GJ1985PLC025132] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6605220 |
Equity Shares |
Rs.10/- each
|
Rs.66.052
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 |
66.052 |
66.052 |
66.052 |
|
(b) Reserves & Surplus |
85.087 |
68.589 |
55.050 |
|
(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) |
151.139 |
134.641 |
121.102 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
3.470 |
2.742 |
2.982 |
|
(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) |
3.470 |
2.742 |
2.982 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
27.496 |
2.153 |
10.226 |
|
(b)
Trade payables |
19.827 |
3.551 |
4.249 |
|
(c)
Other current liabilities |
10.891 |
13.020 |
9.140 |
|
(d)
Short-term provisions |
0.750 |
0.568 |
16.798 |
|
Total
Current Liabilities (4) |
58.964 |
19.292 |
40.413 |
|
|
|
|
|
|
TOTAL |
213.573 |
156.675 |
164.497 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
20.974 |
12.439 |
12.834 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.693 |
1.033 |
17.438 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
21.667 |
13.472 |
30.272 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8.426 |
3.499 |
9.446 |
|
(c)
Trade receivables |
30.814 |
9.026 |
14.097 |
|
(d)
Cash and cash equivalents |
148.824 |
122.810 |
102.521 |
|
(e)
Short-term loans and advances |
2.393 |
3.837 |
3.855 |
|
(f)
Other current assets |
1.449 |
4.031 |
4.306 |
|
Total
Current Assets |
191.906 |
143.203 |
134.225 |
|
|
|
|
|
|
TOTAL |
213.573 |
156.675 |
164.497 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
342.409 |
391.778 |
120.929 |
|
|
|
Other Income |
14.856 |
10.880 |
10.036 |
|
|
|
TOTAL (A) |
357.265 |
402.658 |
130.965 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
296.653 |
318.244 |
90.972 |
|
|
|
Employee benefit expense |
9.302 |
8.144 |
8.918 |
|
|
|
Other expenses |
21.238 |
40.284 |
19.920 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(4.926) |
5.911 |
1.715 |
|
|
|
TOTAL (B) |
322.267 |
372.583 |
121.525 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
34.998 |
30.075 |
9.440 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.901 |
6.046 |
1.487 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.097 |
24.029 |
7.953 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
4.812 |
3.579 |
3.381 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
23.285 |
20.450 |
4.572 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.787 |
6.912 |
1.197 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
16.498 |
13.538 |
3.375 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
62.755 |
49.217 |
45.843 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
79.253 |
62.755 |
49.218 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
284.459 |
353.110 |
69.525 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
236.885 |
294.434 |
45.961 |
|
|
|
Capital Goods |
0.034 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
236.919 |
294.434 |
45.961 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
2.50 |
2.05 |
0.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT / Sales |
(%) |
4.82 |
3.46 |
2.79 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.22 |
7.68 |
7.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.90 |
13.05 |
2.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.15 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.18 |
0.02 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.25 |
7.42 |
3.32 |
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 |
66.052 |
66.052 |
66.052 |
|
Reserves & Surplus |
55.050 |
68.589 |
85.087 |
|
Net
worth |
121.102 |
134.641 |
151.139 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
10.226 |
2.153 |
27.496 |
|
Total
borrowings |
10.226 |
2.153 |
27.496 |
|
Debt/Equity
ratio |
0.084 |
0.016 |
0.182 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
120.929 |
391.778 |
342.409 |
|
|
|
223.974 |
-12.601 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
120.929 |
391.778 |
342.409 |
|
Profit |
3.375 |
13.538 |
16.498 |
|
|
2.79% |
3.46% |
4.82% |
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 |
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 |
No |
|
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 |
No |
|
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 |
Yes |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10428648 |
30/05/2013 * |
217,500,000.00 |
Bank of Baroda |
Corporate
Financial Services Branch, 1st Floor, 3, Walchand Hirachand Marg, Balard Pier,
Mumbai - 400038, Maharashtra, India |
B77689735 |
|
* Date of charge modification |
||||||
FUTURE PLANS:
The company has drawn further ambitious plans for expansion abroad by
opening of offices in Ghana, Tanzania, Nigeria, Peru etc.
Company is planning
for Contractual tie-ups with various domestic and overseas suppliers (Chemical
Division) with reputed Indian companies for export of excavators, heavy
construction equipment’s, conveyor belt (Engineering Division), with reputed
overseas manufacturers (for Import Division) and to increase business in Egypt,
Ghana, Sudan, Ethiopia etc.
OVERSEAS OPERATION:
During the year
Company had planned to open office at two to three places from Egypt, Ghana,
Sudan, Kenya, Tanzania, Vietnam and Nigeria. Due to political disturbances the
plan had to be deferred for opening the said office. However we are working out
to open office in Peru or Panama in Latin America. International trade is also
done through participation in international tenders.
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 records 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.62.14 |
|
|
1 |
Rs.94.79 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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.