MIRA INFORM REPORT
|
Report No. : |
321100 |
|
Report Date : |
28.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNIBIC FOODS INDIA PRIVATE LIMITED (w.e.f. 30/01/2014) |
|
|
|
|
Formerly Known
As : |
UNIBIC
BISCUITS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shreeram Nivas No. 1134, 5th Floor, 100 Feet Road, Hal 2nd Stage, Indiranagar, Bangalore – 560038, Karnataka |
|
Tel. No.: |
91-80-25201359 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.07.2004 |
|
|
|
|
Com. Reg. No.: |
034294 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 700.460 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01541KA2004PTC034294 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Cookies, Butter Cookies, Sugar
Free Biscuits etc. |
|
|
|
|
No. of Employees
: |
249 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 560000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company has reported weak financial performance and it has
incurred huge accumulated losses over last two years. However, trade relations are fair from the business. Payment terms are
reported to be slow but correct. The company 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.
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
|
Name : |
Mr. Manjunath |
|
Designation : |
Material Executive |
|
Contact No.: |
91-9343262111 |
|
Date : |
06.05.2015 |
LOCATIONS
|
Registered Office / Corporate Office : |
Shreeram Nivas No. 1134, 5th Floor, 100 Feet Road, Hal 2nd Stage, Indiranagar, Bangalore – 560038, Karnataka, India |
|
Tel. No.: |
91-80-25201359 to 362 / 2371 2007 to 10 |
|
Mobile No.: |
91-9343262111 (Mr. Manjunath) |
|
Fax No.: |
91- 80-25201363 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Factory : |
Door No. 51/1A, Heggadadevanapura Village, Huskur Road, Alur Po, Dasanapura Hobli, Bangalore North Taluk, Bangalore – 562123, Karnataka, India |
DIRECTORS
As on 25.07.2014
|
Name : |
Nikhil Sen |
|
Designation : |
Managing director |
|
Address : |
No.33, Defence Colony, 2nd Main Road, Indiranagar, Bangalore - 560038, Karnataka, India |
|
Date of Birth/Age : |
15.06.1958 |
|
Date of Appointment : |
23.10.2006 |
|
DIN No.: |
00842114 |
|
|
|
|
Name : |
Sreenivasulu Vudayagiri |
|
Designation : |
Director |
|
Address : |
14/1, Kanakapura Road, Behind Hotel Krishna Darshini, Basavanagudi, Bangalore - 560004, Karnataka, India |
|
Date of Birth/Age : |
07.05.1967 |
|
Date of Appointment : |
08.02.2013 |
|
DIN No.: |
01817281 |
|
|
|
|
Name : |
Sachin Kumar Bhartiya |
|
Designation : |
Director |
|
Address : |
Flat No 602, Corner Stone Building, Filmcity Road, Goregaon East, Mumbai - 400063, Maharashtra, India |
|
Date of Birth/Age : |
01.03.1978 |
|
Date of Appointment : |
20.09.2013 |
|
DIN No.: |
02122147 |
|
|
|
|
Name : |
Ajith Ambika Jagannathan Nair |
|
Designation : |
Additional director |
|
Address : |
F-2 I Floor, I Block Royal Garden, Park Avenue Kesavaperumal Puram, R. A. Puram, Chennai - 600028, Tamilnadu, India |
|
Date of Appointment : |
14.11.2014 |
|
DIN No.: |
02882059 |
KEY EXECUTIVES
|
Name : |
Ranjitha Shenoy G |
|
Designation : |
Secretary |
|
Address : |
1044, 6th Main Road,, Vijayanagar,, Bangalore - 560040, Karnataka, India |
|
Date of Birth/Age : |
16.09.1989 |
|
Date of Appointment : |
02/07/2012 |
|
PAN No.: |
ATMPG0999H |
|
|
|
|
Name : |
Mr. Manjunath |
|
Designation : |
Material Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.07.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Peepul Capital Fund III LLC, Mauritius |
57540677 |
72.92 |
|
Busi India Holdings Limited, Mauritius |
19471381 |
24.68 |
|
Nikhil Sen |
1780800 |
2.26 |
|
William Sean Sovak, USA |
118382 |
0.15 |
|
Total |
78911240 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 25.07.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
97.75 |
|
Directors or relatives of Directors |
2.25 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Cookies, Butter Cookies, Sugar
Free Biscuits etc. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Cookies |
||||
|
Countries : |
Australia Dubai |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Machines |
||||
|
Countries : |
Dubai |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Credit |
||||
|
|
|
||||
|
Purchasing : |
Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
249 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Walker Chandiok and Company LLP [ formerly Walker, Chandiok and Company] Chartered Accountants |
|
Address : |
"WINGS", First Floor, 16/1, Cambridge Road, Ulsoor, Bangalore - 560 008, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFW4298E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company: |
|
|
|
|
|
Other related party
: |
Busi India Holdings Limited |
CAPITAL STRUCTURE
AS ON 25.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80,000,000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
78,926,694 |
Equity Shares |
Rs.10/- each |
Rs.789.267
Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,70,00,000 |
Equity Shares |
Rs.10/- each |
Rs.770.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,00,45,992 |
Equity Shares |
Rs.10/- each |
Rs.700.460
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 |
700.460 |
632.019 |
536.404 |
|
(b) Reserves &
Surplus |
(505.137) |
(443.623) |
(218.169) |
|
(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) |
195.323 |
188.396 |
318.235 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
13.911 |
|
(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 |
3.308 |
2.526 |
2.350 |
|
Total Non-current
Liabilities (3) |
3.308 |
2.526 |
16.261 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
56.051 |
100.958 |
63.015 |
|
(b) Trade payables |
106.160 |
48.759 |
70.718 |
|
(c) Other current
liabilities |
46.790 |
47.296 |
40.397 |
|
(d) Short-term provisions |
0.607 |
0.625 |
0.845 |
|
Total Current Liabilities
(4) |
209.608 |
197.638 |
174.975 |
|
|
|
|
|
|
TOTAL |
408.239 |
388.560 |
509.471 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
46.154 |
54.030 |
75.198 |
|
(ii) Intangible Assets |
3.470 |
2.514 |
13.157 |
|
(iii) Capital
work-in-progress |
4.111 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.016 |
0.016 |
0.016 |
|
(c) Deferred tax assets
(net) |
99.473 |
55.603 |
235.606 |
|
(d) Long-term Loan and Advances |
17.747 |
11.130 |
9.406 |
|
(e) Other Non-current
assets |
21.826 |
7.011 |
8.446 |
|
Total Non-Current Assets |
192.797 |
130.304 |
341.829 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
73.306 |
47.164 |
55.817 |
|
(c) Trade receivables |
92.802 |
73.074 |
107.121 |
|
(d) Cash and cash
equivalents |
34.853 |
130.306 |
0.738 |
|
(e) Short-term loans and
advances |
11.662 |
4.766 |
3.966 |
|
(f) Other current assets |
2.819 |
2.946 |
0.000 |
|
Total Current Assets |
215.442 |
258.256 |
167.642 |
|
|
|
|
|
|
TOTAL |
408.239 |
388.560 |
509.471 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
754.500 |
514.030 |
538.117 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
880.700 |
663.120 |
680.795 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(126.200) |
(149.090) |
(142.678) |
|
|
|
|
|
|
|
Less |
TAX |
(43.800) |
197.837 |
(91.994) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(82.400) |
(346.927) |
(50.684) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
48.581 |
44.011 |
57.604 |
|
|
TOTAL EARNINGS |
48.581 |
44.011 |
57.604 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(1.18) |
(4.95) |
-- |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
13.911 |
14.673 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(10.92) |
(67.49) |
(9.42) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(41.43) |
(44.78) |
(52.10) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.65) |
(0.79) |
(0.45) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.29 |
0.61 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03 |
1.31 |
0.96 |
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 |
536.404 |
632.019 |
700.460 |
|
Reserves & Surplus |
(218.169) |
(443.623) |
(505.137) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
318.235 |
188.396 |
195.323 |
|
|
|
|
|
|
long-term borrowings |
13.911 |
0.000 |
0.000 |
|
Short term borrowings |
63.015 |
100.958 |
56.051 |
|
Current Maturities of
Long Term Debt |
14.673 |
13.911 |
0.000 |
|
Total borrowings |
91.599 |
114.869 |
56.051 |
|
Debt/Equity ratio |
0.288 |
0.610 |
0.287 |
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) |
|
Total Income |
538.117 |
514.030 |
754.500 |
|
|
|
(4.476) |
46.781 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
538.117 |
514.030 |
754.500 |
|
Profit/Loss |
(50.684) |
(346.927) |
(82.400) |
|
|
(9.42%) |
(67.49%) |
(10.92%) |
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 |
No |
|
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 two 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 |
BUSINESS OPERATIONS AND
PROSPECTS
In a highly competitive market, Company has achieved growth of 48% over the previous year. The growth has been across all channels. The Company initiated a new branding strategy and communication with change of Logo and Packaging design which helped creating much better visibility of products.
The Company has earned total revenue of Rs.754.5 Million during the financial year 2013-2014 and total expenditure is Rs 880.7 Million and thereby registered a net loss of Rs.126.2 Million for the financial year 2013-14. After taking credit of deferred tax, the net loss of the year of Rs 82.4 Million has been carried forward to the Balance Sheet.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
80049342 |
10/12/2014 * |
184,500,000.00 |
STATE BANK OF INDIA |
SME BRANCH, RAJAJINAGAR INDUSTRIAL ESTATE,, RAJAJ |
C37812245 |
* Date of charge modification
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.63.90 |
|
|
1 |
Rs.98.16 |
|
Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.