MIRA INFORM REPORT
|
Report No. : |
345105 |
|
Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
JIANGYIN UNI-POL VACUUM CASTING INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Gate No. 55/56/3, Pimple Jagtap, Taluka Shirur, Pune -
412208, Maharashtra |
|
Mob. No.: |
91-9890700667 (Mr. Nitin) |
|
|
|
|
Country : |
India |
|
|
|
|
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 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113PN2009PTC135107 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCJ2745G |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
The company is engaged in the business of manufacturing investment casting
wheels required for turbo chargers. |
|
|
|
|
No. of Employees
: |
250 (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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a subsidiary of “Jiangyin Uni-Pol Company Ltd.” Jiangyin
Uni-Pol is the joint venture company, formed between Ploycast UK and
Uni-Metal China in 2005. As management failed to file the financials documents for the year
ended 31.03.2014 to statutory authorities. And the documents are not been
available from any sources. As per the previous year (2013) financials company has reported year
on year sales turnover growth, rating take consideration on improved and healthy
net worth position marked by negligible debt and above average debt
protection metrics. Rating, further takes into account on strong, financial, technical and
managerial support company receives from its holding company. However, rating strengths is partially offsets continuous losses from
its operations by a company which may further stretch and have adverse impact
in the liquidity of the company. Trade relations are fair. Business is active. Payment terms are
reported slow but correct. In view of support from its holding company, the subject can be
considered for business dealings 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 stated 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.
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Nitin |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-9890700667 |
|
Date : |
14.10.2015 |
LOCATIONS
|
Registered Office : |
Gate
No. 55/56/3, Pimple Jagtap, Taluka Shirur, Pune - 412208, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9766131525 [Mr. Dhaval Kulkarni] 91-9890700667 (Mr. Nitin Davalekur) 91-9823138322 (Mr. Yashraj Shah) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Gat No. 55/2, Pimple Jagtap, Chakan-Shikrapur Road, Tal-Shirur, Pune –
412208, Maharashtra, India |
|
Tel. No.: |
91-2137-617901 / 617910 |
|
Fax No.: |
91-2137-617913 |
DIRECTORS
AS ON 22.09.2014
|
Name : |
Gavin William Price |
|
Designation : |
Additional Director |
|
Address : |
Building No.A2, Flat No.902, Lunkad Sky Vie, Viman Nagar, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
13.04.1979 |
|
Date of Appointment : |
29.07.2013 |
|
DIN No.: |
06645624 |
|
|
|
|
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 |
KEY EXECUTIVES
|
Name : |
Mr. Nitin |
|
Designation : |
Chartered Accountant |
MAJOR SHAREHOLDERS
AS ON 22.09.2014
|
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 22.09.2014
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing investment
casting wheels required for turbo chargers. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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|
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Exports : |
Not Divulged |
|
|
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
UK |
|
|
|
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Terms : |
|
|
Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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||||||||||||||||||||||
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Customers : |
End Users and OEMs
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No. of Employees : |
250 (Approximately) |
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Bankers : |
Sharad Sahakari Bank Limited, Marketyard, Manchar, Taluka
Ambegaon, District Pune, Manchar - 410503, Maharashtra, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
N.R. Dhavalikar and Company Chartered Accountants |
|
Address : |
45/5A, Nimit Co-operative Society, Flat No. 2, Karve Nagar, Pune –
411052, Maharashtra, India |
|
Tel. No.: |
91-20-25454337 |
|
Mobile No.: |
91-9890700667 |
|
Fax No.: |
91-20-25454337 |
|
PAN No.: |
ABDPD7300G |
|
|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
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|
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Holding Company : |
Jiangyin Uni-Pol Company Limited |
CAPITAL STRUCTURE
AS ON 22.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850000 |
Equity Shares |
Rs.10/- each |
Rs. 8.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
825532 |
Equity Shares |
Rs.10/- each |
Rs. 8.255 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
65.520 |
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 |
68.917 |
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 |
61.144 |
63.333 |
0.000 |
|
(b) Trade payables |
301.284 |
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 |
276.189 |
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 |
132.54 |
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 |
560.777 |
167.010 |
1.437 (Gross) |
|
|
|
|
Other Income |
|
|
NA |
|
|
|
|
TOTAL |
560.777 |
167.010 |
NA |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
|
|
|
||
|
|
|
TOTAL |
595.048 |
239.101 |
NA |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(134.271) |
(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 |
123.204 |
NA |
|
|
|
TOTAL EARNINGS |
359.646 |
123.204 |
NA |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
389.160 |
151.284 |
0.000 |
|
|
|
|
Components and Stores parts |
68.033 |
51.507 |
2.297 |
|
|
|
|
Capital Goods |
33.641 |
20.538 |
21.640 |
|
|
|
TOTAL IMPORTS |
490.834 |
223.329 |
23.937 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
(130.71) |
(116.71) |
NA |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin
(PAT / Sales) |
(%) |
(19.24)
|
(23.74) |
(1834.37) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(28.64) |
(24.79) |
(30.96) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.87) |
(1.08) |
(0.38) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.42 |
1.03 |
0.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86 |
0.80 |
1.58 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1.201 |
3.397 |
8.255 |
|
Reserves & Surplus |
17.300 |
65.520 |
151.927 |
|
Share Application money pending allotment |
50.553 |
0.000 |
0.000 |
|
Net worth |
69.054 |
68.917 |
160.182 |
|
|
|
|
|
|
long-term borrowings |
7.500 |
7.588 |
6.335 |
|
Short term borrowings |
0.000 |
63.333 |
61.144 |
|
Total borrowings |
7.500 |
70.921 |
67.479 |
|
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 Million) |
(Rs. In Million) |
|
Total Income |
|
167.010 |
560.777 |
|
|
|
|
235.775 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
|
167.010 |
560.777 |
|
Profit/Loss |
|
(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 |
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 |
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 |
No |
|
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 |
Yes |
|
33 |
Market information |
----- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGE:
|
S.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,, M |
B39576251 |
|
2 |
10281255 |
30/03/2011 |
15,000,000.00 |
SHARAD SAHAKARI BANK LIMITED |
MARKETYARD, MANCHAR, TALUKA AMBEGAON, DISTRICT PU |
B10935047 |
LITIGATION DETAILS:
|
Case
Details
Bench:-Bombay
Main Matter
|
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BUSINESS
BACKGROUND
Subject is incorporated in the state of Maharashtra, India. The company
is engaged in the business of manufacturing investment casting wheels required
for turbo chargers.
FIXED ASSETS
·
Building
·
Computer
·
Furniture and Fixture
·
Office Equipment
·
Plant and Machinery
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 65.11 |
|
UK Pound |
1 |
Rs. 99.50 |
|
Euro |
1 |
Rs. 74.24 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
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 |
|
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.