MIRA
INFORM REPORT
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Report Date : |
28.10.2006 |
IDENTIFICATION
DETAILS
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Name : |
GENUS
ELECTROTECH LIMITED |
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Registered Office : |
76 Defence Enclave, Opposite Preet Vihar Petrol Pump, Delhi – 110092. |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
23.07.2000 |
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Com. Reg. No.: |
55-121435 |
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CIN No.: [Company
Identification No.] |
U32109DL2003PLC121435 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
RKTG00820B |
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PAN No.: [Permanent
Account No.] |
AABCG9645H |
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Legal Form : |
A
Closely held Public Limited Liability Company. |
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Line of Business : |
Manufacturer and
Exporters of Electronic Technology Energy Meters. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
600000 |
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Status : |
New
Project |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
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Comments : |
Subject
has implemented project to manufacture electric products for brand owners. It
has tied up with LG, a Korean giant. Trade relations are fair. Payments are
usually correct and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions with slight caution, initially. |
LOCATIONS
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Registered Office : |
76 Defence Enclave, Opposite Preet Vihar Petrol Pump, Delhi – 110092,
India. |
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Tel. No.: |
91-11-22503389/ 22500054 |
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Fax No.: |
91-11-22503389 |
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E-Mail : |
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Website : |
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Corporate
Office : |
SPL-3, RIICO
Industrial Area, Tonk Road, Sita Pura, Jaipur – 302022, Rajasthan, India. |
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Tel.
No.: |
91-141-2770003/ 2770004/ 2770009 |
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Fax
No.: |
91-141-2770401/ 2770402/ 2770319 |
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E-Mail
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Factory: |
Survey No. 43, Meghpar Borichi Galpadar
Road, Taluka Anjar, District Kutch, Gujarat, India. |
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Tel.
No.: |
91-2836-265456/240872/394232/395866/248213/248212 |
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Fax
No.: |
91-2836-265457/240792 |
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E-Mail
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Website: |
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Branche: |
First Floor,
Malhotra Complex, A-22 Shakarpur, Vikas Marg, Delhi – 110092, India. |
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Tel.
No.: |
91-11-22469853/ 22045169 |
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E-Mail
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DIRECTORS
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Name : |
Mr. Agarwal Chand Ishwar |
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Designation : |
Director
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Address : |
B-9,
Ganpati Enclave, Ajmer Road, Jaipur – 302 006, Rajasthan, India. |
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Date of Birth/Age : |
19.04.1950 |
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Date of Appointment : |
23.07.2003 |
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Email: |
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Name : |
Mr. Todi Vishnu |
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Designation : |
Director
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Address : |
C-247,
Vaishali Nagar, Jaipur – 302 021, Rajasthan, India. |
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Date of Birth/Age : |
28.03.1969 |
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Date of Appointment : |
23.07.2003 |
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Email: |
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Name : |
Mr. Agarwal Kumar Rajendra |
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Designation : |
Director
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Address : |
B-9,
Ganpati Enclave, Ajmer Road, Jaipur – 302 006, Rajasthan, India. |
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Date of Birth/Age : |
06.10.1975 |
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Date of Appointment : |
23.07.2003 |
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Email: |
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Name : |
Mr.
Sharma Kishore Giriraj |
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Designation : |
Director
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Address : |
Giriraj
Nagar Bhavan, 16/17 Shailraj Bunglows, Ramdevnagar Satellite, Ahmedabad – 380
015, Gujarat, India. |
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Date of Birth/Age : |
01.04.1955 |
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Date of Appointment : |
01.06.2005 |
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Email: |
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Name : |
Mr. J. K. Agarwal |
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Designation : |
Director (Marketing) |
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Email: |
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Name : |
Wg.Cdr. BS Solanki, VSM (Retd.) |
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Designation : |
Director (Technical) |
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Email: |
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Name : |
Mr. Rameshwar Pareek |
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Designation : |
Additional Director |
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Address : |
C-222, Vaishali Nagar, Jaipur – 302 021, Rajasthan, India. |
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Date of Birth/Age : |
01.11.1944 |
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Date of Appointment : |
01.07.2006 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
Percentage of Holding |
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Promoters/ Directors |
2681000 |
100.00 |
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Total |
2681000 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and
Exporters of Electronic Technology Energy Meters. |
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Products : |
CTV,
WM, PCB Cables. |
PRODUCTION
STATUS
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Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
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Colour Television (CT) |
Nos. |
500000 |
365000 |
4586 |
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Printed Circuit Boards (PCB) |
Sq. Mtrs. |
500000 |
10000 sq. mtr. Single Side 5000 sq. mtr. Double Side |
7 |
GENERAL
INFORMATION
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No. of Employees : |
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Bankers : |
Ř Bank of Baroda Gandhidham, District Kutch, Gujarat Ř State Bank of Bikaner & Jaipur Ř
State Bank of Saurashtra – Jaipur |
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Facilities : |
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Banking Relations : |
Satisfactory
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Auditors : |
Naresh
Jain Chartered
Accountant |
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Address: |
207,
Apollo Arcade, R. K. Singh Marg, Off Old Nagardas Road, Andheri (East),
Mumbai – 400 069, Maharashtra, India. |
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Tel. No.: |
91-22-56017278/
39428168 |
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Mobile No.: |
91-9892364727 |
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E-Mail : |
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Group Companies : |
v
Kailash Coal & Coke Co. Ltd., Line of Business : Importer and Trader of Coal and Coke v
Kailash Paper Product Ltd. Line of Business : Manufacturers of Kraft Paper and Particle Board v
Kailash Industries Ltd. Line of Business : Manufacturers of High Grade Cement v
KC Mercantile Ltd Line of Business : Manufacturers of Electricity Meter, Panel Meters, Taxi Meter v
JB Sugar Industries Line of Business : Sugar, Jaggery v
KC Electrometer Line of Business : Manufacturers of Die & Tool Design, Meter Cup Board, Boxes & Accessories; Metal & Plastics v
Kailash India Ltd. Line of Business : Manufacturers of Guar Gum Powder & Derivatives; (Export Oriented Unit) Website : http://www.npguar.com v
Kailash Steels Line of Business : Manufacturer of Iron Ingots v
Genus Overseas Electronics Ltd. Line of Business : Thick Film Hybrid Microcircuits, Contract Manufacturing of PCB Assemblies, Energy Meters, Electric Wires and Cables/ Special Cables Web Site : http://www.genusoverseas.com
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Sister Concern: |
Ř Genus Overseas Electronics Limited, Jaipur Ř
Genus International Commodities
Limited, Jaipur Ř
Kailash Paper Products Limited Ř
K. C. Mercantile Limited, Jaipur |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10000000 |
Equity
Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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2681000 |
Equity
Shares |
Rs. 10/- each |
Rs. 26.810 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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26.810 |
0.500 |
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2] Share Application Money |
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18.100 |
36.950 |
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3] Reserves & Surplus |
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103.208 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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148.118 |
37.450 |
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LOAN FUNDS |
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1] Secured Loans |
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298.889 |
4.041 |
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2] Unsecured Loans |
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2.234 |
0.000 |
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TOTAL BORROWING |
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301.123 |
4.041 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
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449.241 |
41.491 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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29.052 |
0.253 |
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Capital work-in-progress |
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382.649 |
6.548 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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7.622 |
0.000 |
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Sundry Debtors |
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23.988 |
0.000 |
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Cash & Bank Balances |
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14.786 |
3.219 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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29.723 |
31.544 |
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Total Current Assets |
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76.119 |
34.763 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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38.658 |
0.152 |
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Provisions |
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0.000 |
0.000 |
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Total Current Liabilities |
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38.658 |
0.152 |
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Net Current Assets |
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37.461 |
34.611 |
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MISCELLANEOUS EXPENSES |
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0.079 |
0.079 |
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TOTAL |
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449.241 |
41.491 |
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PROFIT
& LOSS ACCOUNT
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PARTICULARS |
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31.03.2005 |
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Sales Turnover [including other income] |
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23.728 |
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Profit/(Loss)
Before Tax |
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0.202 |
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Deferred
Tax |
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(2.233) |
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Profit/(Loss)
After Tax |
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(2.031) |
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Export
Value |
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0.107 |
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Import
Value |
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119.263 |
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Total
Expenditure |
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23.525 |
KEY
RATIOS
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PARTICULARS |
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31.03.2005 |
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PAT / Total Income |
(%) |
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(8.56) |
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Net
Profit Margin (PBT/Sales) |
(%) |
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0.85 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
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0.04 |
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Return
on Investment (ROI) (PBT/Networth) |
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0.00 |
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Debt
Equity Ratio (Total
Liability/Networth) |
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2.29 |
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Current
Ratio (Current
Asset/Current Liability) |
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1.97 |
LOCAL AGENCY
FURTHER INFORMATION
Operations:
During
the year the company has started production only in FA line of CTV unit.
Marketing:
The
company has tied up with L. G. Electronics India Private Limited to act as
their OEM unit to Supply CTV and Washing Machine. The company is also on the
look out to tie up with other electronics brand owners to acts as their OEM.
The company has started commercial production in their CTV unit during the
year. The entire project is expected to be cover in the next year. The
management feels the company has a good future as the electronic market is
expected to grow in India at a fast pace.
Dividend:
Since
the company has barely started operations, while major portion of the project
is still under implementation, the director are unable to declare any dividend
for the year under review.
Fixed
Assets:
Freehold
Land, Building, Plant & Machinery, D. G. Set, Vehicles, and Office
Equipments etc.
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Name of the company |
GENUS ELECTROTECH LIMITED |
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Presented By |
Directors |
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1) Date and description of instrument creating the change |
21.02.2004 Joint deed of Hypothecation dated 21.02.2004 executed by the company in favour of Bank of Baroda, State Bank of Bikaner & Jaipur and State Bank of Saurashtra (Consortium Agreement between Bank of Baroda, State Bank of Bikaner & Jaipur and State Bank of Saurashtra) |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 347.500 Millions as follows: (Rs. In Millions)
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First Charge on all the movable plant & machinery, equipment, vehicle and current assets namely raw materials, semi finished and finished goods, stores and spares not related to plant & machinery (consumable stores & spares), bill receivables and book debts and all other movables (excluding such movables as may be permitted by bankers) both present & future. Said limit further secured by mortgage by way of deposit of title deeds of company’s immovable properties situated at survey no. 43, Meghpar Borichi, Taluka, Anjar Dist. Kutch together with all buildings & structures thereon. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest, Commission, Margin and other conditions as per terms of all three bankers. |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Baroda, Gandhidham, Dist. Kutch |
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6) Date and brief description of instrument modifying the charge |
Hypothecation Agreement dated 15.12.2004 |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Loan facility of Rs. 347.500 Millions enhanced to Rs. 417.500 Millions by granting of fresh term loan of Rs. 70.000 Millions by Bank of Baroda, Gandhidham, which shall be secured by the company immovable property’s Survey no. 42 ()Plot No. 7,8 & 9, Meghpar Borichi, Galpadar Road, Taluka Anjar, Dist. Kutch in the state of Gujarat in addition to aforesaid assets of the company on pari passu basis. |
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Name of the company |
GENUS ELECTROTECH LIMITED |
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Presented By |
Directors |
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1) Date and description of instrument creating the change |
21.02.2004 Joint deed of Hypothecation dated 21.02.2004 executed by the company in favour of Bank of Baroda, State Bank of Bikaner & Jaipur and State Bank of Saurashtra (Consortium Agreement between Bank of Baroda, State Bank of Bikaner & Jaipur and State Bank of Saurashtra) |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 347.500 Millions as follows: (Rs. In Millions)
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First Charge on all the movable plant & machinery, equipment, vehicle and current assets namely raw materials, semi finished and finished goods, stores and spares not related to plant & machinery (consumable stores & spares), bill receivables and book debts and all other movables (excluding such movables as may be permitted by bankers) both present & future. Said limit further secured by mortgage by way of deposit of title deeds of company’s immovable properties situated at survey no. 43, Meghpar Borichi, Taluka, Anjar Dist. Kutch together with all buildings & structures thereon. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest, Commission, Margin and other conditions as per terms of all three bankers. |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Baroda, Gandhidham, Dist. Kutch Bank of Bikaner & Jaipur, Gandhidham, Dist. Kutch State Bank of Saurashtra, S-35/B, Radha Marg, Jaipur. |
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6) Date and brief description of instrument modifying the charge |
Letter of Bank of Baroda dated 07.11.2005 |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Loan facility of Rs. 347.500 Millions enhanced to Rs. 417.500 Millions by granting of fresh term loan of Rs. 70.000 Millions by Bank of Baroda, Gandhidham, by Hypothecation Agreement dated 15.12.2004. As per the letter of Bank of Baroda dated 07.11.2005 attached hereto, the terms and conditions or extent operation of the charge are modified as under: Bank of Baroda has first and exclusive charge on all the plant & machinery of PCB project at Survey no. 42 (Plot no. 7, 8 & 9) for Term Loan of Rs. 70.000 Millions. Loan facility of Rs. 347.500 Millions (sanctioned by Bank of Baroda, State Bank of Bikaner & Jaipur and State Bank of Saurashtra) is further secured by the company immovable property, at survey no. 42 (Plot No. 7, 8 & 9), Meghpar Borichi, Galpadar Road, Taluka Anjar, Dist. Kutch in the State of Gujarat, on pari passu basis. Instead of statement made in form no. 8 & 13 dated 29.12.2004 for term loan of Rs. 70.000 Millions, stating that loan facility of Rs. 347.500 Millions enhanced to Rs. 417.500 Millions by granting of fresh term loan of Rs. 70.000 Millions by Bank of Baroda, Gandhidham, which shall be secured by the companys immovable property, survey no. 42 (Plot No. 7, 8 & 9), Meghpar Borichi, Galpadar Road, Taluka Anjar, Dist. Kutch in the State of Gujarat, on pari passu basis. |
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Name of the company |
GENUS ELECTROTECH LIMITED |
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Presented By |
Mr. Todi Vishnu Directors |
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1) Date and description of instrument creating the change |
10.03.2005 Agreement for Hypothecation of Goods & Assets & Memorandum of Deposit for creation charge for the limit. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 160.000 Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First Charge on all present & future goods, book debts and the movable assets of the company including of title of the goods outstanding monies, receivable including receivables in way of the cash assistance and/or which under the Cash incentives scheme on any other scheme claims including claims in way of refund of custom service debts under the Drawback Credit Scheme. Bils discounted, Contracts, insurance policies, guarantee engagements, investment and rights and the present machineries belonging to the possession of under the company wherever lying stored and kept whether in India or elsewhere throughout the world (including all such goods other moving assets as moving course of shipment, transit or deliver) thereafter referred to as the said goods and assets limits further seemed in mortgage by way of deposited title deeds of company’s following immovable properties. All the pare and pared of the land known and described as the Plot No.: Survey No. 42, situated with in the Revenue Limits of Village Meghpar Borichi Anjar, Sub-Registration Dist. Anjar Kutch in the State of Gujarat. All the pare and pared of the land known and described as the Plot No.: Survey No. 42, situated with in the Revenue Limits of Village Meghpar Borichi Anjar, Sub-Registration Dist. Anjar Kutch in the State of Gujarat. All the pare and pared of the land known and described as the Plot No.: Survey No. 42, situated with in the Revenue Limits of Village Meghpar Borichi Anjar, Sub-Registration Dist. Anjar Kutch in the State of Gujarat. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest, Commission, Margin and other conditions as per terms of all three bankers. as per the following details: Term Loan Margin 24.20%, Raw Material25%, Stock in Process and Finished Goods 30%, Book Debts 30%. |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Baroda, Gandhidham, Dist. Kutch Bank of Bikaner & Jaipur, Gandhidham, Dist. Kutch State Bank of Saurashtra, S-35/B, Radha Marg, Jaipur. |
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6) Date and brief description of instrument modifying the charge |
15.11.2005 Supplemental Agreement of Hypothecation of Gods & Assets in the overall limit. Memorandum of deposit for creation of further charges for loan/overall limit where the charges is created in deposit of title deeds. |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The overall credit facilities limit has been increased from Rs. 176.500 Millions to Rs. 271.500 Millions. The additional credit facility limit of Rs. 95.400 Millions shall be secured by the company’s properties as mentioned in the charge created on 10.03.2005. The terms and condition of extent operation of the charge are modified as under. (Rs.
in Millions)
Interest, Commission, Margin and other conditions as per the terms of Bankers are modified. |
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Name of the company |
GENUS ELECTROTECH LIMITED |
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Presented By |
Mr. Todi Vishnu Directors |
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1) Date and description of instrument creating the change |
10.03.2005 Agreement for Hypothecation of Goods & Assets & Memorandum of Deposit for creation charge for the limit. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 160.000 Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
First Charge on all present & future goods, book debts and the movable assets of the company including of title of the goods outstanding monies, receivable including receivables in way of the cash assistance and/or which under the Cash incentives scheme on any other scheme claims including claims in way of refund of custom service debts under the Drawback Credit Scheme. Bils discounted, Contracts, insurance policies, guarantee engagements, investment and rights and the present machineries belonging to the possession of under the company wherever lying stored and kept whether in India or elsewhere throughout the world (including all such goods other moving assets as moving course of shipment, transit or deliver) thereafter referred to as the said goods and assets limits further seemed in mortgage by way of deposited title deeds of company’s following immovable properties. All the pare and pared of the land known and described as the Plot No.: Survey No. 42, situated with in the Revenue Limits of Village Meghpar Borichi Anjar, Sub-Registration Dist. Anjar Kutch in the State of Gujarat. All the pare and pared of the land known and described as the Plot No.: Survey No. 42, situated with in the Revenue Limits of Village Meghpar Borichi Anjar, Sub-Registration Dist. Anjar Kutch in the State of Gujarat. All the pare and pared of the land known and described as the Plot No.: Survey No. 42, situated with in the Revenue Limits of Village Meghpar Borichi Anjar, Sub-Registration Dist. Anjar Kutch in the State of Gujarat. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest, Commission, Margin and other conditions as per terms of all three bankers. as per the following details: Term Loan Margin 24.20%, Raw Material25%, Stock in Process and Finished Goods 30%, Book Debts 30%. |
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5) Name and Address and description of the person entitled to the charge. |
Bank of Baroda, Gandhidham, Dist. Kutch Bank of Bikaner & Jaipur, Gandhidham, Dist. Kutch State Bank of Saurashtra, S-35/B, Radha Marg, Jaipur. |
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6) Date and brief description of instrument modifying the charge |
15.11.2005 Supplemental Agreement of Hypothecation of Gods & Assets in the overall limit. Memorandum of deposit for creation of further charges for loan/overall limit where the charges is created in deposit of title deeds. |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The overall credit facilities limit has been increased from Rs. 160.000Millions to Rs. 176.500 Millions. The additional credit facility limit of Rs. 16.500 Millions shall be secured by the company’s properties as mentioned in the charge created on 10.03.2005. The terms and condition of extent operation of the charge are modified as under. (Rs.
in Millions)
Interest, Commission, Margin and other conditions as per the terms of Bankers are modified. |
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 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. 45.02 |
|
UK
Pound |
1 |
Rs.85.56 |
|
Euro |
1 |
Rs.57.24 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|