MIRA
INFORM REPORT
|
Report Date : |
27.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
ROOTS MULTI CLEAN LIMITED |
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Registered Office : |
RKG Industrial Estate Ganapathy, Coimbatore;641006, Tamil Nadu |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
24.02.1992 |
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Com. Reg. No.: |
181-3662 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CMBR03420E |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business : |
Manufacturing and Exporting of Floor Cleaning Equipments. Wrarping and Sizing mills in Yarn/Hemp/Fibre/Fibrous materials. |
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 411000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory
track. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
RKG Industrial Estate Ganapathy, Coimbatore;641006, Tamil Nadu |
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Tel. No.: |
91-422-5330330 |
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Fax No.: |
91-422-2332107 |
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E-Mail : |
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Website : |
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Head Office/Branch : |
1st Floor, Room No. NLA 105 & 107, Rly. Stn. cum comml. complex, Nerul,New Mumbai - 400 706 |
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Tel. No.: |
022-27705449/27713267 |
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Fax No.: |
022-27704813 |
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Head Office : |
17th, A-Main, Koramangala |
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Tel. No.: |
080 -25503967/25503968 |
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Fax No.: |
080 -25503967 |
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Branches: : |
173/6(1) 'Gurukrupa' Opposite Kamat Garden Shantinagar – Ponda Goa -403 401. |
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Tel. No.: |
0832 2317424/23127434 |
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Fax No.: |
0832 2317424 |
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E-Mail : |
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Branches:: |
A-92, Ground Floor, Taimoor Nagar, Opp. New Friends Colony New Delhi - 110 065. |
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Tel. No.: |
011 26310083 |
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Fax No.: |
011 26325162 |
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E-Mail : |
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Branches : |
382 (New No 92), Ground Floor Laxmanan Nagar, II Street Extn Gandhipuram |
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Tel. No.: |
0422-2520565 / 2520532 |
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Fax No.: |
0422 2520532 |
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E-Mail : |
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Branches : |
The Moonstone Meadows, Flat No.2, Ground floor, No.D-127, 1st Main Road, Anna Nagar East, Chennai - 600 102. |
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Tel. No.: |
044 26633420 / 26630980 |
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Fax No.: |
044 26633420 |
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E-Mail : |
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Branches : |
566, 6th block 17th A-Main, Koramangala, Bangalore - 560 095 |
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Tel. No.: |
080 25503967/25503968 |
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Fax No.: |
080 25503967 |
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E-Mail : |
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Branches : |
Plot No 45, H.No 1-8-50/7/A, Krishna Nagar Colony, Prenderghast Road, Secunderabad - 500 003. |
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Tel. No.: |
040 27894483,32434483 |
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Fax No.: |
040 27894483,32434483 |
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E-Mail : |
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Branches : |
P-183, C.I.T.Scheme VII-M, Near Ultadanga Police Station Kolkatta - 700 054. West Bengal. |
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Plants: : |
Mettupalayam Post, Kovilpalayam, Pollachi Taluk 642 110, Tamilnadu Wizzard Unit - Sanganur Main Road, Ganapathy, Coimbatore - 641 006,Tamilnadu R K G Industrial Estate, Ganapathy, Coimbatore - 641 006, Tamilnadu Vaduakkupalayam Pririvu, Kovilpalayam Village, Pollachi - 642 109, Tamilnadu Windfar - Gudimangalam, Coimbatore, Tamilnadu Auto factory - Saravanampatti, Coimbatore, Tamilnadu Tel. No. 91-422-2866560 Cast factory - Arumugampalayam, Coimabtore, Tamilnadu Tel. No. 91-422-2854333 |
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Corporate office: |
3 Amarar Jeevanandam Road, Ganapathy, Coimbatore - 641 006, Tamilnadu R K G Industrial Estate, Ganapathy, Coimbatore - 641 006, Tamilnadu Tel. No. 91-422-2332100 to 2332106 Res. No. 91-422-2525683/2526913 Fax. No. 91-422-2332107 Mobile No. 98430 49691 E-mail. skm@eth.net |
DIRECTORS
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Name : |
Mr. K. Ramaswamy |
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Designation : |
Chairman cum Managing Director |
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Address : |
Anbagam, Ganapathy, Coimbatore;641006, Tamilnadu |
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Date of Birth/Age : |
01.08.1948 |
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Date of Appointment : |
24.02.1992 |
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Name : |
Mr. M.S. Ram |
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Designation : |
Director |
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Address : |
6E Old Tower Block, Nandanam, Chennai;600035, Tamilnadu |
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Date of Birth/Age : |
10.02.1920 |
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Date of Appointment : |
20.07.1992 |
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Name : |
Mr. T. Dulipsingh |
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Designation : |
Director |
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Address : |
108 Armenian Street Post Box No.121, Chennai;600001, Tamilnadu |
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Date of Birth/Age : |
31.05.1933 |
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Date of Appointment : |
20.10.1992 |
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Name : |
Mr. S. T. Velu |
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Designation : |
Director |
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Address : |
501, Blossom, Adarsh Dogdhalya Road, Malad(West), Mumbai;400064,
Maharashtra |
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Date of Birth/Age : |
14.04.1941 |
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Date of Appointment : |
24.09.1992 |
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Name : |
Mr. R. Yokanayaki |
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Designation : |
Director |
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Address : |
Anbagam Gqanpathy, Coimbatore;641006, Tamilnadu |
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Date of Birth/Age : |
14.10.1953 |
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Date of Appointment : |
15.12.1997 |
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Name : |
Mr. K. J. M. shetty |
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Designation : |
Director |
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Address : |
F-88, Anna Nagar East, Chennai;600102, Tamilnadu |
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Date of Birth/Age : |
03.03.1934 |
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Date of Appointment : |
16.07.1993 |
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Name : |
Mr. Rudiger Schroder |
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Designation : |
Director |
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Address : |
Alte Ratzeburger Landstrabe 27A, 23843 Bad Oldsloe, Germany |
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Date of Birth/Age : |
24.02.1956 |
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Date of Appointment : |
30.06.2001 |
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Name : |
Mr. M. K. Vijayasankar |
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Designation : |
Managing Director |
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Address : |
3C Mayflower Western No.77, Bashyakarluroad (West), R.S. Puram
Coimbatore;641002, Tamilnadu |
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Date of Birth/Age : |
02.06.1934 |
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Date of Appointment : |
14.03.1997 |
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Name : |
Mr. S. Krishna Mohan |
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Designation : |
Director |
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Address : |
692, Vkkrishna Menon Road, New Sidha Pudur Coimbatore; 641044,
Tamilnadu |
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Date of Birth/Age : |
09.11.1960 |
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Date of Appointment : |
08.12.2000 |
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Name : |
Mr. V. Mahadevan |
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Designation : |
Director |
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Address : |
Meenakashi Plot No.11, Sriram Nagar, Vadavalli,Coimbatore;641046,
Tamilnadu |
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Date of Birth/Age : |
19.06.1933 |
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Date of Appointment : |
09.09.2002 |
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Name : |
Mr. G. Krueger |
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Designation : |
Director |
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Address : |
Indo German Chamber, of Commerce, Cuffe Parade, Mumbai;400020,
Maharashtra |
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Date of Birth/Age : |
01.09.1937 |
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Date of Appointment : |
03.09.1994 |
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Name : |
Mr. T. R. Gopalan |
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Designation : |
Director |
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Address : |
No.2, III Main Road, Indira Nagar, Chennai;600020, Tamilnadu |
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Date of Birth/Age : |
15.058.1943 |
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Date of Appointment : |
25.06.2005 |
KEY EXECUTIVES
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Name : |
Mr. G. Balasubramaniam |
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Designation : |
Director |
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Address : |
103-d, Veerasamy Nagar, Mahadevapuram (P.O) Metturpalayam
Coimabtore;641305, Tamilnadu |
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Date of Birth/Age : |
07.03.1977 |
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Date of Appointment : |
21.10.2004 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
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No. of Shares |
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Sri K. Ramaswamuy |
|
115500 |
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Sri M. S. Ram |
|
500 |
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Sri S.T. Velu |
|
50000 |
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Sri M. K. Vijayasankar |
|
500 |
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Smt. R. Yogananyaki |
|
100400 |
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Sri S. Krishna Mohan |
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700 |
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Sri O.V.R. Somasundaram |
|
1400 |
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Sri Varun Karthikeyan |
|
3431360 |
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Smt. Cyndia Dulip Singh |
|
1000 |
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Sri K. Ponmalai |
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100000 |
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P. Umarani |
|
30500 |
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Roots Indsutries Limited |
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36000 |
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Roots Auto Products (Private) Limited |
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15000 |
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G Plast (Private) Limited |
|
1000 |
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Hako Werke International GMBH |
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520000 |
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Ahusiyanaa.S |
|
500 |
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Agasta insane M.K |
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500 |
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Arunsam S. |
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1000 |
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Balaji M. |
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500 |
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Chandrasekar S. |
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1000 |
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Cynthia Dulip Singh |
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1000 |
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Chandrasekar .S. |
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500 |
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Chaudrasekarsy. S. |
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500 |
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Deeprakash R. Rep by F/G Mr. Hahaveer |
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25000 |
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Dayalah B. |
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500 |
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Durga Mahesuari K.G. |
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1000 |
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Ezhilah S. |
|
500 |
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Gopalakichan C.D |
|
1000 |
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Gouri V. |
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1000 |
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G. Plast Private Limited |
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1003 |
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Girdhari Lal Pareek |
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503 |
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Ida Stepheh |
|
100 |
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Jeghachadrah |
|
500 |
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Jayanthi b. |
|
500 |
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Jayadal |
|
1000 |
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Jayachahdrah T.S. |
|
500 |
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Jayachaudrah H. |
|
1000 |
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Jayatha G. |
|
500 |
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Karpasam I. |
|
500 |
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Kahah S. D. |
|
500 |
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Kalesharan S. |
|
1500 |
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Kalarahi P. |
|
500 |
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Kaverti subbiah Govindarajan |
|
1000 |
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Kasturi N. |
|
500 |
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Kalamali C. |
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500 |
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Kahakarajah R. |
|
500 |
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Krishna Mohan S. |
|
700 |
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Kumar S. Chaurah |
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500 |
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Latha Chahdirah |
|
2700 |
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Lalith B |
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500 |
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Laliha K. |
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500 |
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LathaP. Hair |
|
500 |
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Dakesh A. C. |
|
1000 |
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Durgaiah S. P. |
|
1000 |
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Hallika Krishna |
|
500 |
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Nurtby S. |
|
500 |
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Nurugesh |
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500 |
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Rataranan P. |
|
1000 |
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Navarah r. |
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1400 |
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Harayan H. K. |
|
500 |
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Narendra B. Vidhod |
|
500 |
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Prasad V. |
|
1000 |
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Padhavath S. |
|
500 |
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Parkodi S. |
|
1000 |
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Palaniappoh P. |
|
1000 |
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Padmini Srinuvasan |
|
500 |
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Pannadlal K. |
|
10000 |
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Purna A. Babri |
|
500 |
|
Roots Industrial Private Limited |
|
36000 |
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Rahahobrthy G. |
|
10000 |
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Rah H.S. |
|
500 |
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Rakesh Kular S. |
|
1000 |
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Rukhahi P. |
|
500 |
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Raha Gahesan |
|
500 |
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Rajendran G. |
|
500 |
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Rajalakshmi N. |
|
500 |
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Rajah P.. K |
|
1000 |
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Rajeshdraj J. |
|
2000 |
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Roots Auto Products (Private ) Limited |
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150000 |
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Sathyappah |
|
2000 |
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Shddhah Jagadeshan |
|
1000 |
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Sudhash Chahdiran K. |
|
500 |
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Sehthilkumar Hataarajah |
|
500 |
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Shethikumar Hatarajah |
|
1000 |
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Sivakani P.S |
|
500 |
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Selvakumar R. |
|
500 |
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Sudha J. |
|
500 |
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Srinivash A. |
|
500 |
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Sethu Nadhavan |
|
500 |
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Subranahia Raman |
|
500 |
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Subrahahia Raman |
|
500 |
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Shatihi M. |
|
1000 |
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Suma Srihivasa |
|
7500 |
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Velu S. T |
|
50000 |
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Vijaya Mahendran |
|
500 |
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Veekatesham B. |
|
500 |
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Varun Krihikevan D. Rep. by K. R. |
|
241360 |
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Varun Karihkevan K |
|
10000 |
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Dilahaz Variar |
|
500 |
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Yokhanyaki |
|
100400 |
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Maheh A. C |
|
30000 |
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Mohit P. Rep by F/G. Mr. Paras |
|
25000 |
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Vehugcpal M. |
|
25000 |
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Ramahoorthy G. |
|
10100 |
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Ragyan Ramanothy |
|
10000 |
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Selva Kumar G.K.S |
|
10000 |
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Mahoharan V. |
|
7500 |
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Sathyapan |
|
5000 |
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Sathi Kumari N. |
|
2000 |
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Rajeshuari J. |
|
2000 |
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Lotha chandirah |
|
2000 |
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Kaleesharan S. |
|
1700 |
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Shahith N. |
|
1500 |
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Satchidahandan U.S. |
|
1400 |
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Suresh Kumar N. |
|
1000 |
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Shobhahan Jagadeshan |
|
1000 |
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Ramesh Kumar S. Pai Ahiappan P. |
|
1000 |
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Porkodi S. |
|
1000 |
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Packiam V. |
|
1000 |
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Katarajan P. |
|
1000 |
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Kavetti Subbiah Devidarajan |
|
1000 |
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Kahhah G.B |
|
1000 |
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Jayachadran N. |
|
1000 |
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Gouri V. |
|
1000 |
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Gopalkrishana G.D |
|
1000 |
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Durga Hahesuari K.G. |
|
1000 |
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Chidanbarh E. |
|
1000 |
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Chandran T. |
|
1000 |
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Arungan S. |
|
1000 |
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Venkaresoraolh. D |
|
600 |
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Sreekumar C. |
|
600 |
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Vehkarescarcla.D |
|
500 |
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Sreekumar C. |
|
500 |
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Vekatescarolb.D |
|
500 |
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Vadivel S. |
|
500 |
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Vijayapriya sudevah |
|
500 |
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Vijayarpriyan Sudevah |
|
500 |
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Vijaya Mahchdran |
|
500 |
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Vijay Lakshmi E. |
|
500 |
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Jha S. |
|
500 |
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Jhilasavathi. H. |
|
500 |
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SuhaSrivinasa |
|
500 |
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San Haroorihy B. |
|
500 |
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Soyala A.S |
|
500 |
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Sreedhar Rao. D.r. |
|
500 |
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Roy |
|
500 |
Equity Shares Break-up:
|
Category |
Percentage |
|
Foreign holding (foreign institutional
invewtor(s), Foreign companies(s), Foreign financial institution(s) ,
non-resident Indain(s) or Overseas, Corporate bodies or Others. |
26.00 |
|
Bodies or relatives of directors |
26.00 |
|
Other top fifty(50) shareholders (other than
listed above) |
37.00 |
|
Other |
8.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporting of Floor Cleaning Equipments. Wrarping and Sizing mills in Yarn/Hemp/Fibre/Fibrous materials. |
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Products : |
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GENERAL
INFORMATION
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No. of Employees : |
170 |
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Bankers : |
The Hongkong And shanghai Banking Corportion Limited 30, Rajaji Salai P.O.Box No.11, Chennai;600001, Tamilnadu State Bank of
India Commercial
Branch, 1443, trichy
Road, Coimbatore-18. Bharat overseas Bank Limited |
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Facilities : |
Cash credit and Packing credit availed from Bharat Overseas Bank
Limited and State Bank of India are secured means of Paripasu charge on
hypothecation of stock of raw material, work- in –progress and finished
goods, Debtors and other current Assets.
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Subramaniam Vasudev and company Chartered Accountant |
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Address : |
“Soubhagya” 168, Second Agraharam, Salem;636001, Tamilnadu |
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Associates/Subsidiaries : |
v Roots Auto Products Private Limited RKG, Industrial Estate, Ganapathy, Coimbatore - 641006 Activity – Manufacturers of Air horns, Switches and controllers. v Roots Cast Private Limited RKG, Industrial Estate, Ganapathy, Coimbatore - 641006 Activity – Manufacturers of Aluminium and Zinc Pressure die casts v Roots Precision Products RKG, Industrial Estate, Ganapathy, Coimbatore - 641006 Activity – Manufactures of Dies, Tools, Jigs and Fixtures v Roots Digital Engineering Services Private Limited RKG, Industrial Estate, Ganapathy, Coimbatore - 641006 Activity – Providers of digital engineering services v Roots Metrology Laboratory RKG, Industrial Estate, Ganapathy, Coimbatore - 641006 Activity – Instrument caliberation, quality systems, consultancy v Roots Polycraft RKG, Industrial Estate, Ganapathy, Coimbatore - 641006 Activity – Manufactures of Plastic components v Crystal Clean Care RKG, Industrial Estate, Ganapathy, Coimbatore - 641006 Activity- Range of Modern Cleaning techniques v Roots Industries Limited RKG, Industrial Estate, Ganapathy, Coimbatore - 641006 Activity- Manufacturers of Automobile horns v R. K. Nature Cure Home v Satchidananda Jothi Nikethan |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
20.000 |
20.000 |
20.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
82.919 |
51.750 |
30.442 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
102.919 |
71.750 |
50.442 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
64.307 |
52.791 |
44.409 |
|
|
2] Unsecured Loans |
17.334 |
19.485 |
19.717 |
|
|
TOTAL BORROWING |
81.641 |
72.276 |
64.126 |
|
|
DEFERRED TAX LIABILITIES |
8.922 |
7.605 |
7.013 |
|
|
|
|
|
|
|
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TOTAL |
193.482 |
151.631 |
121.581 |
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
82.619 |
50.549 |
37.123 |
|
|
Capital work-in-progress |
0.157 |
9.586 |
5.389 |
|
|
|
|
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|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
75.104
|
66.324 |
51.528 |
|
|
Sundry Debtors |
80.122
|
55.945 |
45.956 |
|
|
Cash & Bank Balances |
24.262
|
21.565 |
10.931 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
34.560
|
26.905 |
21.298 |
|
Total
Current Assets |
214.048
|
170.739 |
129.713 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
103.342
|
79.243 |
51.242 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
103.342
|
79.243 |
51.242 |
|
|
Net Current Assets |
110.706
|
91.496 |
78.471 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.598 |
|
|
|
|
|
|
|
|
TOTAL |
193.482 |
151.631 |
121.581 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
Sales Turnover |
409.993 |
340.490 |
222.698 |
|
|
Other Income |
14.323 |
9.616 |
10.359 |
|
|
Stock adjustment-increawed/decreased |
0.000 |
0.000 |
0.959 |
|
|
Total Income |
424.316 |
350.110 |
23.401 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
58.157 |
42.914 |
27.175 |
|
|
Provision for Taxation |
21.286 |
16.361 |
8.894 |
|
|
Profit/(Loss) After Tax |
36.871 |
26.553 |
18.281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Material |
0.000 |
0.000 |
111.799 |
|
|
Managerial Remuneration and benefits |
0.000 |
0.000 |
27.042 |
|
|
Manufacturing overheads |
0.000 |
0.000 |
11.657 |
|
|
Selling and Administration |
0.000 |
0.000 |
49.711 |
|
|
Raw Material Consumed |
202.155 |
167.364 |
0.000 |
|
|
Purchases made for re-sale |
0.000 |
0.000 |
0.000 |
|
|
Consumption of stores and spares parts |
3.683 |
5.492 |
0.000 |
|
|
Increase/(Decrease) in Finished Goods |
0.324 |
(0.521) |
0.000 |
|
|
Salaries, Wages, Bonus, etc. |
51.311 |
39.686 |
0.000 |
|
|
Managerial Remuneration |
3.131 |
1.769 |
0.000 |
|
|
Payment to Auditors |
0.040 |
0.040 |
0.000 |
|
|
Interest |
3.535 |
2.896 |
2.529 |
|
|
Insurance Expenses |
1.395 |
1.098 |
0.000 |
|
|
Power & Fuel |
1.595 |
1.909 |
0.000 |
|
|
Depreciation & Amortization |
5.975 |
4.313 |
3.502 |
|
|
Deffered revenue expenditure w/off |
0.000 |
0.000 |
0.598 |
|
|
Other Expenditure |
93.015 |
83.132 |
0.000 |
|
Total Expenditure |
366.159 |
307.196 |
206.838 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
8.68
|
7.58 |
78.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.18
|
12.60 |
12.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.40
|
19.39 |
16.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56
|
4.87 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.00
|
1.10 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.07
|
2.15 |
2.53 |
LOCAL AGENCY
FURTHER INFORMATION
|
This form is for |
Creation of
Charge |
|
Charge
identification number of the charge to be modified |
-- |
|
Corporate
identity number of the company |
U36999TZ1992PLC003662 |
|
Name of the
company |
ROOTS MULTI CLEAN
LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
R K G Industrial
Estate Ulavagam, Ganapathy, Coimbatore;64106, Tamilnadu |
|
Type of charge |
Book Debts,
Floating Charge, Other |
|
Particular of
charge holder |
The Hongkong And shanghai Banking Corportion Limited 30, Rajaji Salai P.O.Box No.11, Chennai;600001, Tamilnadu |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement for
overdraft/cash credit loan against hypothecation of revolving stocks and
other moveable assets and also present and future book debts. |
|
Date of
instrument Creating the charge |
28.12.2006 |
|
Amount secured by
the charge |
Rs.30.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest shall be
payable by the company on the banking facilities as per banks Triff, subject
however that the bank shall have the right to change the rate of interest
after giving notice to the company. Terms of
repayments: In consideration
of Banking facilities sanctioned/to be sanctioned by the Bank to the company,
the company has hypothecated and charged to the bank by way of first
paripassu charge as a continuning security, The assets mentioned in the
agreement to secure the repayments of the advanced together with cost and all
other charges Margin: The Company shall
maintain such Margin as may be specified by the bank from time to time Extent and
operation of the charge: In case the company
fails to fulfill obligation under the agreement, the bank shall be entitled
to take possession of the hypothecated properties and sell them by public
auction or private contract and utilize the proceeds in full or part
settlement of its claims. Other: -- |
|
Short particulars
of the property charged |
a)
Stock-in-trade
both present and future, including stocks of raw material, work-in-progress,
spares and stores and finished goods whether stored in the company’s factory,
godown or premises or in the godowns orh the company’s agents or
representatives. b)
Company’s
present and future book debts, outstanding monies, receivables more fully
described in the Part II to the Schedule of Hypothecation Agreement. |
|
Date of latest
modification prior to the present modification |
-- |
|
Particulars of
the present modification |
-- |
|
Name of the company |
Roots Multi Clean
Limited |
||||||||||||||||||||||||||||||||||||||||
|
Presented By |
Sri G.
Balasubramaniam Company Secretary
|
||||||||||||||||||||||||||||||||||||||||
|
1) Date and description of instrument creating the change |
Agreement of Hypothecation of Raw Materials, work in progress,
finished goods and Receivables date 20.09.2003 |
||||||||||||||||||||||||||||||||||||||||
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.15.000
Millions |
||||||||||||||||||||||||||||||||||||||||
|
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 |
Hypothecation of
Stocks of Raw Materials, work in Progress, finished goods and receivables. The charge
created in favour of state Bank of India ranks Pari passu with the charge
already created in favour of M/s. Bharath Overseas Bank as per the Inter se
Pari Passu Agreement dated 20th Sept, 2003 |
||||||||||||||||||||||||||||||||||||||||
|
4) Gist of the terms and conditions and extent and operation of the charge. |
State Bank of
India Granted the following working capital limits:
|
||||||||||||||||||||||||||||||||||||||||
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of
India Commercial
Branch, 1443, trichy
Road, Coimbatore-18. |
||||||||||||||||||||||||||||||||||||||||
|
6) Date and brief description of instrument modifying the charge |
a) Equitable
mortage created by. M/s. Bharat Overaseas Bank Limited on 20th June 2005 b) Memorandum of
Entry evidencing extension of equitable mortage otsecure the enchanced limits
of Rs.22.500 Millions of State Bank of India and Rs.82.500 Millions of Bharat
overseas bank limited. |
||||||||||||||||||||||||||||||||||||||||
|
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. |
Equitable mortage
on the immovable property or the comaopny situated at S.F. No. 191/B2, 92/b,
adnn 196 B/1, Kovilpalayam village, Mettuaplayam, pollachi Tk. Measuring 8.18
acres extended to secure the enhanced jlimits of Rs. 22.500 Millions as under
on paripassu basis with Bharat overseas Bank Limited:
|
Fixed Assets:
Land
Building
Plan tan Machinery
Tools, Dies and Moulds
Electrical Equipments
Measuring Instruments Fixture etc.
Storage Rocks
Vehicles
Furniture and Fittings
Office and Miscellaneous Equipments
Computer
BUSINESS
Subject is engaged in manufacturing and exporting of Floor Cleaning Equipments.
It is also engaged in warping and sizing mills in Yarn/Hemp/Fibre/Fibrous materials.
The company is also silk mercers, apparel, designers, tailors, and knitters in rayon, hemp, and jute. The company also acts as calico printers, bleachers, dyers, finishers, calendars, and manufacturers of chemical materials. Producers of tyre cord, tyres, rubber, cellulose products. The company also sell, buy, deal, distribute, import, export sewing machines, machinery tools and appliances for ginning, spinning, knitting, warping, dyeing, bleaching, sizing, printing and any process to do with the apparel industry.
The company also acts as cargo agents, stevedores and wharfing agents.
As Per Web Site:
The genesis
of Roots Multiclean Ltd., (RMCL) is due to the vision of the promoter of Roots
Group of companies about the requirement of sophisticated industrial
cleaning equipment in the country following globalization of
business and entry of Multinationals who require very high standards of house
keeping.
As a renowned Cleaning
equipment manufacturer, RMCL, situated in the Industrial town
of Coimbatore, is a Joint Venture with Hako Werke GmbH., Germany. It commenced
manufacture of cleaning equipment in early 90's and has now three modern
factories, producing various ranges of small versions of sweeping machines and
scrubber driers and almost 50% are exported to several developed countries.
RMCL is the sole representative of Hako Werke GmbH for the entire range of
cleaning equipment for India and SAARC countries. To improvise and facilitate a
better service to its customers, RMCL has established Regional offices in all
Metros and a wide dealer network in all principal locations. The superior
quality products and the added advantage of good after sales service has
established the company as the country's largest and leading manufacturer of
floor cleaners
ABOUT HAKO
From its humble beginnings in 1924, with the invention of the first small rotary cultivator by Hako Founder Hans Koch, to the present day, the history of HAKO WERKE GMBH & CO is filled with remarkable achievements. Hako today manufactures a complete range of floor cleaning and floor care equipment at its various units.
Main Hako factory site and headoffice Bad Oldesloe
Hako
manufacturing branch in
Trappenkamp/Bad Segeberg
Multicar Spezialfahrzeuge
GmbH, Waltershausen
PLATZ Reinigungssysteme
GmbH,
Frankenthal/Pfalz.
Minuteman
Intern. Inc., Addison
und Minneapolis, USA.
Roots
Multiclean Ltd
Coimbatore, India
ROOTS HAKO
COLLABORATION
Roots is known for engineering products of highest quality. The group has
diversified into the manufacture of Industrial and Domestic Floor Cleaning
Equipment with its Joint Venture Company M/s. ROOTS MULTICLEAN LIMITED, in
Technical and Financial Collaboration with M/s. HAKO WERKE GMBH & Co.,
Germany, 1993-94.
Roots is authorized to sell all the Hako Products in India and the SAARC countries. Under this collaboration, Roots manufactures FLIPPER, which is a manually operated WALK BEHIND SWEEPING MACHINE and E430 (Electrically operated) / B430 (Battery operated), which are the WALK BEHIND AUTO SCRUBBER DRIER.
OTHER PARTNERS OF ROOTS MULTICLEAN
ALTO WAP, Germany
High Pressure Hot & Cold Water Jet Cleaner
TTS, Italy
Compact Janitorial Trolleys
Delfin
Wide range of extra heavy duty
industrial vacuums
SOTECO, Italy
Wet and dry vacuum cleaners
HAYTER, UK
Lawn mowers and grass cutting machines
RESEARCH & DEVELOPMENT
ROOTS MULTICLEAN has emerged as a strong engineering company and recognizing the importance of Research and Development, has made significant investments towards R&D facilities. ROOTS ENGINEERING RESEARCH CENTRE (ERC) is a central facility that caters to all the Roots Group of Companies in the areas of Product Development, Tool Development and Facilities Development.
The products developed recently by Roots R&D are Hakomatic E 350 - a scrubber cum drier, High Pressure Water Jet Cleaner. They have also developed the Roots Cutler, a vegetable cutting machine to cater to the needs of Food & Hospitality Industry. The above mentioned products have been recently launched in the global market to further strengthen the market share of RMCL.
Advanced state-of-the-art CAD/CAM Software are employed for carrying out the product design activities. 3-D Solid Modelling Design Tool - Pro/Engineer is used by trained engineers to produce World Class Designs.
The Cleaning Equipment business of ROOTS Group is fully prepared to meet the challenges thrown up by Globalization of economy, through development of World Class quality Products.
BARODA - DEALERS
K.C.Enterprises,
"Shiva-Ranjani", Tower 'B',
Near Harinagar Char Rasta,
Harinagar, Gotri Road,
Baroda - 390 007.
Phone 0265 2396392,2398069
Tele Fax 0265 2398069
E-mail kcbrd@sify.com
Websitewww.kc-enterprise.com
AHMEDABAD - DEALERS
K.C.Enterprises,
107, 1st Floor, Haash Busines Centre,
Near Ankur School,
Fatehpura, Paldi,
Ahmedabad - 380 007.
Phone 079 -65415116
Tel Fax 079 -26634630
E-mail kc_ent@rediffmail.com
Website www.kc-enterprise.com
VAPI -MEMBER SERVICE
Roots Multiclean Ltd.,
BG-6, Rajalakshmi Co-op Hsg. Society,
Haria Park,
Dungra,
Vapi - 396 191.
Mobile 93279 83679
E-mail kc_ent@rediffmail.com
PUNE - DEALERS
Nikhil Equipments
Pvt. Ltd.,
"Tushar Residency", Plot No.99,
S.No.95, Bhusari Colony, Paud Road,
Kothrud,
Pune - 411 038
Phone 020 25286640/25286641
Direct 020-25286643
Fax 020 25286642
E-mail nikhilequip.pune@vsnl.com
NAGPUR - DEALERS
Industrial Mktg.Services,
1/B-2, Vrindavan Apartments,
Near Hislop college,173, Civil Lines
Nagpur - 440 001
Phone 0712 2541082
Fax 0712 2524759
E-mail imsie@sify.com
INDORE - DEALERS
Samarpan Engg. &
Mktg.P.Ltd.,
403-A, City Centre,
570, M.G.Road,
Indore - 452 001
Phone 0731 2535416
Fax 0731 2536313/2463036
E-mail semind@sancharnet.in
Arin Indl.Mktg.Co.
S.C.F.No.181, 2nd Floor
Sector 7-C,
Chandigarh - 160 019. Res. Ph 0172 – 2792266
Phone 0172 2791133
Tele Fax 0172 - 3043366
E-mail arin@glide.net.in
JAIPUR
K.P.Polymers
NG/S/11. Nehru Place,
Tonk Road,
Jaipur - 302 015.
Phone 0141 2743365
Fax 0141 2743365
E-mail kppolymers@rediffmail.com
BHOPAL
Roots Multiclean Ltd.
C/o Mr. Dilip Okhade
B-204, Yashoda Parisar
Opp. Bima Kunj, Kolar Road
Bhopal - 462 042
E-mail delrmcl@rootsemail.com
Mobile (0) 9826413075
RISHIKESH
Satyam Associates
B-2, Maa Ganga Vatika,
Opp. Bhardwaj Nursing Home
Haridwar Road,
Rishikesh - 249 201.
Phone 0135 - 2433303
Fax 0135 - 2431501
E-mail enterprise_sat@yahoo.com
Uttranchal.
SATNA
Alpana Enterprises
C/o.R.N.Khare & Associates,
J.R.Birla Marg, Kolgawan,
Satna - 485 001.
Res. Ph 07672 – 251562
Phone 07672 -251514
Fax 07672 -250551
E-mail alpent@sancharnet.in
Roots Multiclean Ltd.,
C/o.Mr.Malaragam Chandran
1E, Vasantha Nagar,
Madurai - 3.
Mobile (0) 98940 92224
E-mail cbermcl@rootsemail.com
COCHI - JANITORIAL DEALER
M/s.Shah Enterprises
Omkar Buildings,
39/1505, Valanjambalam, Chittoor Road,
ERNAKULAM - 682 016
Phone 0484 - 2376077
Ph./Fax 0484 - 2376077
E-mail shahmarketing@gmail.com
TRIVANDRUM :
GS Nivas, H.No.CRA B-8,
Cheruvickal, Sree Kariyam P.O,
Thiruvananthapuram - 695 017.
E-mail kchrmcl@rootsemail.com
Mob (0) 94477 67810
CHENNAI - JANITORIAL DEALER
M/s. Senkush Traders (P) Limited.,
Old No. 190, New No. 38, North Usman Road,
T.Nagar, Chennai – 600 017.
Phone : 4213 7781 / 4214 7781
BANGALORE - DEALERS
Sam Systems & Services,
No.12, Tulsi Chambers,
K.H. (Double) Road,
Bangalore - 560 027.
Phone 080-30936111
Ph/Fax 080-22107619
E-mail info@samcleantec.com
MYSORE : DEALER
Roots Multiclean Ltd.,
No.19/A, 1st Stage,5th A Cross,
Near Mahavir School,
Brindavan Extn,
Mysore - 570 020.
Phone 9448284793
E-mail blrrmcl@rootsemail.com
HUBLI : DEALER
Klean Tech Systems
#110 Madhura Chetana Colony,
Keshwapur,
Hubli.
Mobile 94482 21615 / 94482 21715
TIRUPATI : DEALERS
Vishnu Industrial Products,
No.G8, Ground Floor, Sarala Arcade
Opp. Head Post Office
Tirupati - 517 501.
Res. Ph. 0877 5558605
Tele Fax 0877 5569626/5558626
E-mail vishnuind@yahoo.com
VISAKHAPATNAM :
DEALERS
Quantum Engineers & Fabricators Pvt Ltd.,
Door No.30-8-22, Opp:M.N.R.School,
Bhanu Street, Dabagardens,
Visakhapatnam - 530 020.
Phone 0891 - 2753390/2760211
Fax 0891 - 2760468
E-mail quantumeng@iqara.net
Pareek Enterprises
Chinapatty Turning
A T Road
Tinsukia - 786 125.
Phone 0374 2339438
Fax 0374 2335055
E-mail glpareek@gw1.dot.net.in
pareekassam@hotmail.com
IMPHAL
Sagolsem Mani Singh & Sons,
Laxminarayan Bhawan,
Khoyathong Road, Thangal Bazar,
Imphal - 795 001.
Phone 0385 - 220121 / 220296 / 220795
Fax 0385 444144
E-mail sagolsem@sancharnet.in
BHUVANESWAR
Prime Tech Enterprises,
12, Budha Nagar,
Bhuvaneswar - 751 006.
Phone 0674 31 1185
E-mail prime_expert@sify.com
RANCHI
Perfect Marketing,
4/2,Gel Church Complex Main Road,
Ranchi - 834 001
Phone 0651 - 2330004
Fax 0651 - 20 9713
E-mail rch_perfect@sancharnet.in
KATHMANDU
ATC Private Ltd. ,
336/21, Genesh Man Singh Path-2,
Teku, P.O.Box No.3691,
Kathmandu
Nepal .
Phone 977-1-426-1220/426-2220
Fax 0977-1-426-2140/441-9767
E-mail atc@wlink.com.np
EXPORT
ROOTS MULTICLEAN
EUROPEAN OFFICE
A - 8403 LEBRING
GREITHWEG 5
AUSTRIA
Ct : Mr. Alexander J.G Baumhakel
Ph : 03182 2583
Fax : 316 287 287041
Mobile : 3462 7000018
Email : alexander.baumhakel@utanet.at
TRUVOX INTERNATIONAL
LTD
THIRD AVENUE
MILLBROOK
SOUTHAMPTON
HAMPSHIRE, England SO 15 OLE
Ct : Mr. Peter Holt
Ph : 0 23 8070 2200
Fax : 0 23 8078 5001
Mobile : 0 7778 009836
Email : peterholt@truvox.com
ECORET REINIGUNGSSYSTEME
Liselotte Leitner
Pichelwangergasse 41
A-1210
Vienna
AUSTRIA
Ct : Mr. Gerhard Lietner
Tel : 1 278 35 10
Fax : 1 272 86 90
Mobile : 676 725 18 03
Email : ecoret@chello.at
DOGNY S.A
MACHINES DE NATTOYAGE
Wizzard.ch.SA
Rue de l'Horloge
1164 Buchillon
SWITZERLAND.
Ct: Mr. Donald Bleeker
Tel : 021 881 2481
Fax : 079 622 9064
Mobile : 676 725 18 03
Email : dogny-sa@swissonline
COMAP
ATES
Via P.A. Gemelli 37C
31040 Postioma TV
Italy
Ct: Mr.
Fabrizio De Lazzari
Ph : 0 49 876 0855
Fax : 0 49 876 2031
Mobile : 0348 7228797
Email : info@ates-it.net
ALLCLEAN REINGUNGS-UND UMWELT-TECHNIK GMBH
Meltewitzer Straße 41-43
04808 Kuhren
GERMANY
Ct : Mr. Horst Reschka
Ph : 0 34 261 61010
Fax : 0 34 261 61005
Email : Allclean-Zentrale@t-online.de
MIDDLE EAST
VIKING GULF TRADING
P.O.Box : 12939
Dubai
UAE
Ct :
Mr. Carsten Mahaini
Ph : 04 268 5000
Fax : 04 268 5900
Mobile : 050 4546676
Email : carsten.mahaini@vikinggulf.ae
ROUDAH
P.O. Box 1251
Jeddah 21431
Saudi Arabia
Ct: Mr. Abidur Rehman
Ph : 966 2 6690206 / 6671932 / 6691900
Fax : 966 2 6604047
Mobile : 0555 47974
Email : roudah@ogertel.com
FAR EAST
MECHANIZE SYSTEMS PTE LTD
126 JOO SENG ROAD #06 - 16
GOLD PINE INDUSTRIAL BUILDING
SINGAPORE 368355
Ct : Mr. Jansen Lim
Tel : 6383 3717
Fax : 6383 3879
Mobile : 9616 8616
Email : mecsys@singnet.com.sg
Chase
Engineering Corporation
No-6, Ming Tsu Easty Road
Taipei, Republic Of China
Taiwan
Ct : Mr. Shiang
Tel : 2 2713 8090
Fax : 2 2713 8357
Email : chaseeng@ms19.hinet.net
Phico International Co. Ltd
RA-609 SUNGAM APT FACTORY
151 Yatap –Dong, Bundang Ku
Sungnam Kyunggi – Do, 463-070 Korea
Republic of China.
KOREA
Ct :
Mr. Vincent .S.B .Kwon
Ph : 31 701 1741
Fax : 31 777 5512
Mobile : 260 6523
Email : phico@shinbiro.com
I&B CLEANING EQUIPMENT LTD
UNIT D-G, G/F, WAH LIK INDUSTRIAL CENTRE
459-469 CASTLE PEAK ROAD
TSUEN WAN, N.T,
HONG KONG
Ct: Mr. David Ho
Ph : 2413 7370 [8 LINES]
Fax : 2414 4955
Mobile : 9386 3114
Email : ibclean@netvigator.com
HAKO AUSTRALIA PTY LTD
ACN 002 858 059
6 PIKE STREET
RYDALMERE NSW 2116
AUSTRALIA
Ct : Mr. Kevin Jackman
Ph : 02 9684 2433
Fax : 02 9684 2278
Mobile : 01 42 526 1150
Email : kevinj@hakoaustralia.com.au
JAPAN
TRUVOX INTERNATIONAL LTD
THIRD AVENUE
MILLBROOK
SOUTHAMPTON
HAMPSHIRE, England SO 15 OLE
Ct : Mr. Peter Holt
Ph : 0 23 8070 2200
Fax : 0 23 8078 5001
Mobile : 0 7778 009836
Email : peterholt@truvox.com
MINUTEMAN INTERNATIONAL, Inc.
111, South Rohlwing Road/Addison
Illinois 60101
USA
Ct: Mr. Gregory J Rau
Ph : 630 627-6900
Fax : 630 627 1130
Email : theobold.d@minutemanintl.com
ATC Private Limited
336/21, Ganesh Man Singh Path-2, Teku,
P.O.Box.3691, Kathmandu,
Nepal.
Ct: Mr. B.K.SETHIA
Ph : 1 4261220, 4262220
Fax : 1 4262140, 1 4419767
Mobile : 9851023441
E-Mail : atc@wlink.com.np
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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.41.29 |
|
UK Pound |
1 |
Rs.82.50 |
|
Euro |
1 |
Rs.56.20 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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 |
|