MIRA INFORM REPORT
|
Report No. : |
322578 |
|
Report Date : |
20.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNITEX APPARELS PRIVATE LIMITED (w.e.f. 04.04.2013) |
|
|
|
|
Formerly Known
As : |
UNITEX APPAREL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 24, Pete Channappa Industrial Estate, Sumanahalli Circle,
Kamakshipalya, Bangalore - 560079, Karnataka |
|
Tel. No.: |
91-80-23213817/23489241 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.11.1994 |
|
|
|
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Com. Reg. No.: |
08-016528 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.049 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U1801KA1994PTC016528 |
|
|
|
|
IEC No.: |
0702012611 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU5711H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Readymade Garments |
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|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 440000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is well established private limited company having
satisfactory track. Company has registered 43% growth in profit during FY2014 and 20%
growth in sales. Liquidity and overall financials are satisfactory. Trade relations are fair. Business is active. Payment terms are
reported to be regular. The company can be considered for business dealing 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 (GENERAL DETAILS)
|
Name : |
Ms. Veda |
|
Designation : |
Admin |
|
Contact No.: |
91-80-23213817 |
|
Date : |
16.05.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
No. 24, Pete Channappa Industrial Estate, Sumanahalli Circle,
Kamakshipalya, Bangalore - 560079, Karnataka, India |
|
Tel. No.: |
91-80-23213817/23489241 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
50/1, Selco Towers, 3rd Main, 1st Cross, Nagarbhavi, Bangalore -560072, Karnataka, India |
|
Tel. No.: |
91-80-23213817/23489277 |
|
Fax No.: |
91-80-23215086 |
|
Location : |
Owned |
|
|
|
|
Unit : |
Magadi Main Road |
|
Area : |
65000 Sq. ft. |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Raghu Shivani Ganeshrao |
|
Designation : |
Director |
|
Address : |
No. 339/A, 17th Cross, Ideal Homes Township, I Phase, Rajarajeshwari Nagar, Bangalore-560098, Karnataka, India |
|
Date of Birth/Age : |
29.03.1965 |
|
Date of Appointment : |
11.09.2002 |
|
DIN No.: |
01630817 |
|
|
|
|
Name : |
Mr. Rajeev Heragu Raghavan |
|
Designation : |
Director |
|
Address : |
No.7, Ragasangama, 3rd Cross, Bhimajyothi, LIC Colony, Basaveswaranagar, Bangalore-560079, Karnataka, India |
|
Date of Birth/Age : |
15.05.1970 |
|
Date of Appointment : |
01.06.2007 |
|
DIN No.: |
01630855 |
|
|
|
|
Name : |
Mr. Paniyadi Gururaj Upadhya |
|
Designation : |
Director |
|
Address : |
357 18th Cross Beml Layout, 8th Main Basaveshwaranagar, Bangalore-560079, Karnataka, India |
|
Date of Birth/Age : |
06.06.1965 |
|
Date of Appointment : |
13.11.2010 |
|
DIN No.: |
01645405 |
|
|
|
|
Name : |
Ramesh Chandrashekar |
|
Designation : |
Director |
|
Address : |
37, 2nd Cross, R B I Colony, Jayanagar 3rd Block East, Bangalore-560011, Karnataka, India |
|
Date of Birth/Age : |
17.05.1965 |
|
Date of Appointment : |
13.11.2010 |
|
DIN No.: |
01645444 |
KEY EXECUTIVES
|
Name : |
Ms. Veda |
|
Designation : |
Admin |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Raghu Shivani Ganeshrao |
|
17367 |
|
Snow White Fashions Private Limited, India |
|
241490 |
|
Paniyadi Gururaj Upadhya |
|
15066 |
|
Ramesh Chandrashekar |
|
316 |
|
S
Anuradha |
|
6433 |
|
Rajeev Heragu Raghavan |
|
2000 |
|
Rohini Raghavan |
|
9334 |
|
Kamala Chandrashekar |
|
1000 |
|
Shubha Mandika Rajagopala |
|
4734 |
|
Rajagopala. M.K |
|
250 |
|
Gayathri Rajagopala |
|
2500 |
|
Total |
|
300490 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
80.37 |
|
Directors or relatives of Directors |
19.63 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Readymade Garments |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
Hong Kong |
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Terms : |
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Selling : |
Advance Payment / T.T |
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Purchasing : |
Advance Payment / T.T |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) ) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
S S K and Associates Chartered Accountants |
|
Address : |
No 63/1, I Floor, 3Rd Main Road, 18Th Cross, Malleshwaram, Bangalore -560055, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABTFS7351Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Holding company : |
Snow White Fashions Private Limited CIN No.: U93010KA2000PTC027377 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,00,000 |
Equity Shares |
Rs.100/- each |
Rs.40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,00,490 |
Equity Shares |
Rs.100/- each |
Rs.30.049
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
30.049 |
30.049 |
30.049 |
|
(b) Reserves & Surplus |
123.023 |
88.603 |
64.534 |
|
(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) |
153.072 |
118.652 |
94.583 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
168.250 |
96.759 |
53.633 |
|
(b) Deferred tax liabilities
(Net) |
8.686 |
9.600 |
4.426 |
|
(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) |
176.936 |
106.359 |
58.059 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
173.434 |
130.634 |
104.612 |
|
(b) Trade payables |
68.541 |
53.339 |
52.129 |
|
(c) Other current liabilities |
38.647 |
18.313 |
0.084 |
|
(d) Short-term provisions |
31.439 |
18.901 |
48.510 |
|
Total
Current Liabilities (4) |
312.061 |
221.187 |
205.335 |
|
|
|
|
|
|
TOTAL |
642.069 |
446.198 |
357.977 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
121.532 |
95.654 |
76.598 |
|
(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 |
0.002 |
0.002 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
63.532 |
55.404 |
37.492 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
185.066 |
151.060 |
114.090 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
193.353 |
168.626 |
154.072 |
|
(c) Trade receivables |
195.076 |
95.241 |
58.912 |
|
(d) Cash and cash equivalents |
21.054 |
4.084 |
2.224 |
|
(e) Short-term loans and
advances |
46.472 |
26.624 |
28.679 |
|
(f) Other current assets |
1.048 |
0.563 |
0.000 |
|
Total
Current Assets |
457.003 |
295.138 |
243.887 |
|
|
|
|
|
|
TOTAL |
642.069 |
446.198 |
357.977 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1034.131 |
861.980 |
726.630 |
|
|
Other Income |
5.297 |
2.246 |
NA |
|
|
TOTAL
(A) |
1039.428 |
864.226 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
(B) |
935.891 |
786.786 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
103.537 |
77.440 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
47.135 |
29.011 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
56.402 |
48.429 |
NA |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
13.500 |
10.920 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
42.902 |
37.509 |
32.786 |
|
|
|
|
|
|
|
Less |
TAX (H) |
8.483 |
13.440 |
7.790 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
34.419 |
24.069 |
24.996 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
114.54 |
80.09 |
83.18 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
7.525 |
0.858 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.33 |
2.79 |
3.44 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.01 |
8.98 |
4.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.68 |
8.41 |
9.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.32 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.28 |
1.92 |
1.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46 |
1.33 |
1.19 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
30.049 |
30.049 |
30.049 |
|
Reserves & Surplus |
64.534 |
88.603 |
123.023 |
|
Net
worth |
94.583 |
118.652 |
153.072 |
|
|
|
|
|
|
long-term borrowings |
53.633 |
96.759 |
168.250 |
|
Short term borrowings |
104.612 |
130.634 |
173.434 |
|
Current Maturities of
Long-Term Debts |
0.000 |
0.858 |
7.525 |
|
Total
borrowings |
158.245 |
228.251 |
349.209 |
|
Debt/Equity
ratio |
1.673 |
1.924 |
2.281 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
726.630 |
861.980 |
1034.131 |
|
|
|
18.627 |
19.972 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
726.630 |
861.980 |
1034.131 |
|
Profit |
24.996 |
24.069 |
34.419 |
|
|
3.44% |
2.79% |
3.33% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 65/A, Peenya Industrial Area, III Phase, TVS Cross, Bangalore-560058, Karnataka, India to the present address w.e.f. 19.02.2009
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
111.408 |
64.123 |
|
Other loans and advances |
9.176 |
2.101 |
|
Total |
120.584 |
66.224 |
FINANCIAL HIGHLIGHTS
AND PERFORMANCE:
The Directors wish to inform that during the financial year ended 31st march, 2014 the Company achieved a major milestone in its journey as it has achieved a turnover of Rs. 1000.000 million. The Company ended the year with a sales turnover of Rs. 1034.130 million vis-a-vis turnover of 861.980 million in the previous year, thereby registering a growth of 20%. The net profit for the year stood at Rs.34.420 million as against the Rs.24.070 million for the previous year registering a growth of about 43%. There has been a healthy increase in turnover and net profit in spite of the not so encouraging macro conditions domestically and in International market.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10375141 |
27/03/2015 * |
451,460,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
PEENYA BRANCH, 5TH CROSS, 1ST STAGE, KSSIDC MULTI, |
C52084571 |
FIXED ASSETS
Ø Land
Ø Buildings
Ø Plant and equipment
Ø Furniture and fixtures
Ø Vehicles
Ø Office equipment
Ø Computer
Ø Electrical Installations
Ø Printer
and Software
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.63.69 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
47 |
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.