MIRA INFORM
REPORT
|
Report
Date : |
23.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
AURANGABAD ELECTRICALS PRIVATE LIMITED |
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Formerly
Name: |
ABAD ELECTRICALS |
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Registered
Office : |
Plot No. B-7, MIDC, Chakan, Village Mahalunge, Tq. Khed,
Pune – 410501, |
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Country
: |
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Financials
(as on) : |
31.03.2006 |
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Date
of Incorporation : |
23.09.1985 |
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Com.
Reg. No.: |
11-37539 |
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CIN No.: [Company
Identification No.] |
U31909PN1985PLC037539 |
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TAN
No.: [Tax
Deduction & Collection Account No.] |
PNEA04895C |
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Legal
Form : |
Private Limited Liability Company. |
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Line
of Business : |
To carry on the business of manufacturing, assembling,
processing, importing, fabricating and dealing in various kinds of electrical
and electronic parts, components, instruments, magnets, head-lamps, tail
lamps required for scooter and other motorized vehicles. |
RATING
& COMMENTS
|
MIRA’s
Rating : |
A |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Maximum
Credit Limit : |
USD
2700000 |
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Status
: |
Good |
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Payment
Behaviour : |
Regular |
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Litigation
: |
Clear |
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Comments
: |
Subject is a well established company having satisfactory
track. Trade relations are fair. Payments are usually correct and as per
commitments. The company is fairing well. It can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
Plot No. B-7, MIDC, Chakan, Village Mahalunge, Tq. Khed,
Pune – 410501, |
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Tel.
No.: |
91-2135-259157 / 91-240-554422 / 91-2431-251482 |
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Fax
No.: |
91-2135-280007 / 91-2431-251488-9 |
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E-Mail
: |
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Website
: |
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Factory
1 : |
B-23, MIDC, Waluj, |
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E-Mail
: |
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Factory
2 : |
Gut No.
120, Village Pangara, |
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E-Mail
: |
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Factory
3 : |
M-135/136, MIDC, Waluj, |
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E-Mail
: |
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Factory
4 : |
At. Pimpalgaon, Tq. Parner, Dist. Ahemadnagar |
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Factory
5 : |
Plot No. B-7, MIDC, Chakan, Village Mahalunge, Taluka
Khed, Dist. Pune, |
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E-Mail
: |
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Factory
6 : |
Plot No. L6/1, MIDC, Waluj, |
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E-Mail
: |
DIRECTORS
|
Name : |
Mr. Raj Narayan Bagla |
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Designation
: |
Managing Director |
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Address
: |
Gut No. 40, Golwadi, |
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Date of
Birth : |
15.02.1926 |
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Date
of Appointment : |
24.09.1985 |
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Name : |
Mr. Rishi Kumar Bagla |
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Designation
: |
Director |
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Address
: |
Gut No. 40, Golwadi, |
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Date
of Birth : |
21.06.1960 |
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Date
of Appointment : |
23.09.1985 |
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Name : |
Mr. Radhey Sham Gupta |
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Designation
: |
Director |
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Address
: |
18, Bahrat Nagar, Nr. Jyoti Nagar, |
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Date
of Birth : |
01.04.2005 |
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Date
of Appointment : |
20.09.2002 |
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Date
of Ceasing : |
01.04.2005 |
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Name : |
Mrs. Mamata Bagla |
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Designation
: |
Director |
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Address
: |
Gut No. 40, Golwadi, |
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Date
of Birth : |
12.07.1963 |
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Date
of Appointment : |
01.04.1994 |
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Name : |
Mr. Muneesh Chawla |
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Designation
: |
Director |
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Address
: |
A 702, Gurgaon – 122002, |
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Date
of Birth : |
05.01.1967 |
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Date
of Appointment : |
23.03.2006 |
KEY
EXECUTIVES
|
Name : |
Mr. Prem Chand Agarwal |
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Designation
: |
Company Secretary |
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Address
: |
G-29, Raj Apartments, Town Centre, Cidco, |
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Date
of Birth/Age : |
15.07.1959 |
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Date
of Appointment : |
15.06.2004 |
MAJOR
SHAREHOLDERS
|
Names of Shareholders |
No. of Equity Shares |
No. of Preference Shares |
|
Mr. Rishi Kumar Bagla |
56100 |
22650 |
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Mrs. Mamata Bagla |
39000 |
16500 |
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Mr. Raj Narayan Bagla |
118650 |
5250 |
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Ms. Neha
Bagla |
24750 |
15000 |
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Ms.
Devanshi Bagla |
24000 |
14925 |
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Mr. Raj
Narayan Bagla (HUF) |
13500 |
500 |
|
Mr. Rishi
Kumar Bagla (HUF) |
18000 |
1000 |
|
Waluj
Investment and Trading Company Private Limited |
137950 |
1850 |
|
Deccan
Carbon Products Private Limited |
208550 |
17000 |
|
Aurangabad
Motor manufacturers Private Limited |
247500 |
5325 |
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Equity Share Breakup |
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Category |
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Percentage of Holding |
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Foreign
holdings [Foreign institutional investors, Foreign Companies, Foreign Financial
Institutions, Non-resident Indian or Overseas corporate bodies or others] |
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22.11 |
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Bodies corporate |
|
52.10 |
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Directors or relatives of directors |
|
25.79 |
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Total |
|
100.00 |
BUSINESS
DETAILS
|
Line
of Business : |
To carry on the business of manufacturing, assembling,
processing, importing, fabricating and dealing in various kinds of electrical
and electronic parts, components, instruments, magnets, head-lamps, tail
lamps required for scooter and other motorized vehicals. |
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Products
: |
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GENERAL
INFORMATION
|
Bankers
: |
The Saraswat Cooperative Bank
Limited CODCO Branch ING Vysya
Bank Limited Nirala
Bazar, Kotak Mahindra Bank Limited 418/424, 4th Floor, Sohrab Hall 21, Indian Overseas Bank |
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Banking Relations : |
Satisfactory |
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Auditors
: |
S R Batliboi and Company Chartered Accountants |
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Address
: |
6th Floor, |
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Associates
: |
v Aurangabad Motors Manufacturing
Private Limited v Deccan Carbon Products Private
Limited v Aurangabad Carbon Products Private
Limited v Deccan Industrial suppliers Carbon
Products Private Limited v BG LI IN Electrics Private Limited v Rama Packagers Private Limited v Aurangabad Whee’s and Ram Private
Limited v Waluj Investment and Trading
Company Private Limited |
CAPITAL
STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
1,250,000 |
Equity Shares |
Rs.100/- |
Rs.125.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
1,140,000 |
Equity Shares |
Rs.100/- |
Rs.114.000 millions |
FINANCIAL
DATA
[all
figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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|
SHAREHOLDERS
FUNDS |
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|
|
|
|
1] Share
Capital |
114.000 |
98.800 |
37.500 |
|
|
2]
Reserves & Surplus |
572.247 |
53.188 |
62.160 |
|
NETWORTH
|
686.247 |
151.988 |
99.660 |
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|
LOAN
FUNDS |
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|
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|
1]
Secured Loans |
1008.270 |
579.190 |
457.285 |
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|
2]
Unsecured Loans |
150.863 |
54.694 |
50.000 |
|
|
3) Other
Loans |
0.000 |
173.678 |
179.785 |
|
TOTAL
BORROWING
|
1159.133 |
807.562 |
687.070 |
|
|
DEFERRED
TAX LIABILITIES |
111.975 |
86.325 |
69.601 |
|
|
|
|
|
|
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TOTAL
|
1957.355 |
1045.875 |
856.331 |
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APPLICATION OF FUNDS
|
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|
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FIXED ASSETS [Net Block]
|
1273.260 |
748.681 |
640.586 |
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Capital work-in-progress
|
15.880 |
1.301 |
10.250 |
|
|
|
|
|
|
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INVESTMENT
|
8.707 |
13.525 |
11.887 |
|
DEFERRED TAX ASSETS
|
0.000 |
1.734 |
24.395 |
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|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
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Inventories
|
235.560
|
173.021
|
102.674 |
|
|
Sundry Debtors
|
400.009
|
226.618
|
164.124 |
|
|
Cash & Bank Balances
|
354.965
|
38.957
|
29.598 |
|
|
Loans & Advances
|
147.502
|
71.385
|
51.042 |
Total Current Assets
|
1138.036
|
509.981
|
347.438 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
472.246
|
222.868
|
173.752 |
|
|
Provisions
|
6.572
|
7.436
|
4.569 |
Total Current Liabilities
|
478.818
|
230.304
|
178.321 |
|
Net
Current Assets
|
659.218
|
279.677
|
169.117 |
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|
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MISCELLANEOUS EXPENSES
|
0.290 |
0.957 |
0.096 |
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|
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TOTAL
|
1957.355 |
1045.875 |
856.331 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
Sales
Turnover |
2023.537 |
1581.712 |
1258.602 |
|
|
Other Income |
47.165 |
34.313 |
|
|
|
Total
Income |
2070.702 |
1616.025 |
1258.602 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
140.016 |
105.312 |
127.645 |
|
|
Provision for Taxation |
40.402 |
47.783 |
23.148 |
|
|
Profit/(Loss) After Tax |
99.614 |
57.529 |
32.877 |
|
|
|
|
|
|
|
|
Earnings
in Foreign Currency : |
NA |
27.542 |
6.421 |
|
|
|
|
|
|
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|
Imports
: |
|
|
|
|
|
|
Raw Materials |
NA |
77.695 |
19.053 |
|
|
Capital Goods |
NA |
61.999 |
44.869 |
|
Total
Imports |
NA |
139.694 |
63.922 |
|
|
|
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Expenditures : |
|
|
|
|
|
|
Raw Material Consumed |
1175.310 |
897.511 |
872.838 |
|
|
Consumption of stores and spares parts |
84.254 |
57.420 |
0.000 |
|
|
Increase/(Decrease) in Finished Goods |
[63.479] |
[26.205] |
0.000 |
|
|
Salaries, Wages, Bonus, etc. |
129.085 |
109.468 |
0.000 |
|
|
Managerial Remuneration |
8.215 |
3.887 |
0.000 |
|
|
Payment to Auditors |
0.746 |
0.289 |
0.000 |
|
|
Interest |
58.483 |
47.627 |
0.000 |
|
|
Insurance Expenses |
3.177 |
2.983 |
0.000 |
|
|
Power & Fuel |
109.981 |
81.847 |
0.000 |
|
|
Depreciation & Amortization |
107.354 |
93.327 |
71.763 |
|
|
Other Expenditure |
317.560 |
242.558 |
277.118 |
|
Total
Expenditure |
1930.686 |
1510.712 |
1221.719 |
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
PAT / Total Income
|
(%)
|
4.81
|
3.56 |
2.61 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
6.92
|
6.66 |
10.14 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
5.81
|
8.37 |
12.92 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.20
|
0.69 |
12.63 |
|
|
|
|
|
|
Debt Equity Ratio
(Total
Liability/Networth) |
|
2.39
|
6.83 |
8.68 |
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
2.38
|
2.21 |
1.95 |
LOCAL
AGENCY FURTHER INFORMATION
Fixed Assets
v
v
v Plant and Machinery
v Electrical Installation
v Factory Equipments
v Furniture and Fixture
v Vehicles
v Computer
v Office Equipments
v Software
v Tools
Trade Terms with
v Aicast Foundry Private Limited
v Arivnd Forge Private Limited
v Apex Engineering Private Limited
v Aurangabad Auto Engineering Private
Limited
v BG LI IN Electrical Private
Limited
v Chirag Enterprise
v Dear Auto Comps Private Limited
v Gaurav Engineers
v High Tensile Fastnurs Private
Limited
v Jaggy Industrial Plastics
v Jayshree Polymers Private Limited
v Kanchan PCB Products
v Khosla Engineering Private Limited
v Satluz Engineering Private Limited
v Micro Screw manufacturing Company
Private Limited
v Precimetcut Tooling Private Limited
v Sangkaj Steel Limited
v Optmech Engineering Private Limited
v Smithship Plastics Industrial
Private Limited
Fasteners Plants : Fasteners are widely
used in all types of engineering industry, automobile industry and other
equipments manufacturing industry. Keeping in view the huge demand of high tensile fasteners in India and abroad a
new plant is being set up at Aurangabad for manufacture of such fasteners with
a capacity of around 400 MT p.m. trial production of this plant is also likely
to start by January, 2006
Wind Mill : the company has also placed order for setting up one new
wind mill in Sangli District with capacity of power generation upto 1.254
MW.
|
Name of the company |
AURANGABAD ELECTRICALS PRIVATE LIMITED |
|
Presented By |
Mr. Prem Chand Agarwal |
|
1) Date and description of instrument creating the change |
Agreement of Hypothecation of Movable Property dated 25th
August, 2005 for Rs. 78.500 millions Recording letter evidencing deposit of title deeds dated
25th August, 2005 for Rs. 40.000 millions Both constituting a single charge |
|
2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 118.500 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 plant and machinery and other fixed assets
of company’s Plant VII at Gut No 217 VII Chitegaon, Tq. Palthan, Equitable mortgage of land and building at Gut No 217 VII
Chitegaon, Tq. Palthan, |
|
4) Gist of the terms and conditions and extent and
operation of the charge. |
The security is being created to cover term loan of Rs.
108.500 millions on following terms : Interest : PLR 1.50 % = 9.50 % p.a. with monthly rests Repayments : Within 63 months from the date of
disbursement as under 47 monthly installments of Rs. 225.000 millions each and
48th installments of Rs. 275.000 millions with moratorium of 15
months Margin : Land and
Building 25 % Plant and Margine : 25 % others fixed assets |
|
5) Name and Address and description of the person entitled
to the charge. |
The Saraswat Cooperative Bank
Limited CODCO Branch |
|
6) Date and brief
description of instrument modifying the charge |
Not Applicable |
|
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. |
Not Applicable |
|
|
|
|
Name of the company |
AURANGABAD ELECTRICALS PRIVATE LIMITED |
|
Presented By |
Mr. Prem Chand Agarwal |
|
1) Date and description of instrument creating the change |
Unattested Deed of Hypothecation dated 16th
June 2005 |
|
2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 100.000 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 |
Second charge on Plant and Machinery and other assets of
company’s plant – III at Gut No. 120 Pangra, Near Chitegaon, paithan, |
|
4) Gist of the terms and conditions and extent and
operation of the charge. |
Interest : 8.50 % p.a. monthly rests. This is based on : Bank rate as prescribed by RBI form time to time which is presently
6 %. However in the event the Bank rate increased the increase in 6.50 % would be added to
the above rate of 8.50 % p.a. Repo rate, as prescribed by RBI form time to time which is
presently 5 %. However in the Repo rate increased the increase in rate p.a. 5.50 % would be
added to the above rate of 8.50 % p.a. Repayments : in 30 monthly instilment 5 installment
of Rs. 2.500 millions each and
remaining 25 installment of Rs. 3.500 millions after a moratorium of 6 months
|
|
5) Name and Address and description of the person entitled
to the charge. |
Kotak Mahindra Bank Limited 418/424, 4th Floor,
Sohrab Hall 21, |
|
6) Date and brief
description of instrument modifying the charge |
Not Applicable |
|
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. |
Not Applicable |
|
|
|
|
Name of the company |
AURANGABAD ELECTRICALS PRIVATE LIMITED |
|
Presented By |
The Saraswat Co – Operative Gajanan Maharaj Mandir Branch, |
|
1) Date and description of instrument creating the change |
Dated 12th April 2005 Bank Guarantee |
|
2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 16.666 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 |
Charge on current assets of the company. |
|
4) Gist of the terms and conditions and extent and
operation of the charge. |
As per Bank Rule |
|
5) Name and Address and description of the person entitled
to the charge. |
The Saraswat Co – Operative Gajanan Maharaj Mandir Branch, |
|
6) Date and brief
description of instrument modifying the charge |
Not Applicable |
|
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. |
Not Applicable |
|
|
|
|
Name of the company |
AURANGABAD ELECTRICALS PRIVATE LIMITED |
|
Presented By |
Mr. Prem Chand Agarwal |
|
1) Date and description of instrument creating the change |
18th December, 2004 Letter of Hypothecation |
|
2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 60.000 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 |
Building, Plant and Machinery at B – 7 MIDC Chakan Pune Bill accepted by Bajaj Auto Limited |
|
4) Gist of the terms and conditions and extent and
operation of the charge. |
Consisting of term loan of Rs. 40.000 millions and Bills
discounting Rs. 20.000 millions Interest : Term Loan PTLR + 1.5 % p.a. Min 13.5 % Bills
discounting11 % Margin for term loan : 55 % |
|
5) Name and Address and description of the person entitled
to the charge. |
Indian Overseas Bank |
|
6) Date and brief
description of instrument modifying the charge |
20th November, 2004 Letter of Hypothecation |
|
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. |
Original charge was created on 18.12.2002 By equitable mortgage deed dated 31.01.2003 further
security is created in favour of the Bank in respect of term loan portion of
Rs. 40.000 millions On 12.02.2004 bill discounting facility was enhanced from
Rs. 20.000 to Rs. 40.000 thus
increasing the total limits to Rs. 80.000 millions On 31.03.2004 the term loan was enhanced form Rs. 40.000
millions to Rs. 70.000 millions and Bills discounting facility was also
enhanced to Rs. 55.000 millions. Letter of guarantee limit and letter of
credit limit of Rs. 2.000 millions each was also covered by hypothecation.
Thus the total limit of credit facilities were increased from Rs. 80.000 to
Rs. 129.000 millions By bank letter No. LCTL / AEPL 2004-05 dated 01.06.2004
the then outstanding of Rs. 34.000 millions in the rupee term loan of Rs. 40.000
millions was covered into foreign currency term loan and rate of interest was
revised to 6 M LIBOR + 400 bps Now the term loan is enhanced from Rs. 70.000 millions to
Rs. 97.500 millions and letter of Credit and letter of guarantee limits of Rs.
2.000 millions each are enhanced to Rs. 5.000 millions each thus increasing
the total limit of credit facilities form Rs. 129.000 millions to Rs. 162.500
millions |
|
This form is for |
Modification of charge |
|
Charge identification number of the charge to be modified |
90086881 |
|
Corporate identity number of the company |
U31909PN1985PLC037539 |
|
Name of the company |
AURANGABAD ELECTRICALS PRIVATE LIMITED |
|
Address of the registered office or of the principal place
of business in |
Plot No. B-7, MIDC, Chakan, Pune – 410501, |
|
Type of charge |
Movable Property |
|
Particular of charge holder |
ING Vysya bank Limited Nirala Bazar, |
|
Nature of description of the instrument creating or
modifying the charge |
Supplemental general hypothecation agreement |
|
Date of instrument Creating the charge |
28.05.2007 |
|
Amount secured by the charge |
Rs. 125.000 Millions |
|
Brief particulars of the principal terms an conditions and
extent and operation of the charge |
Rate of Interest Post shipment limit / EBRD [with a sub-limit for PCL/PCFC]
: For rupee : IVRR minus 4.25 % p.a. For foreign currency : as per RBI norms / market
determined ILC / FLC : commission as per bank norms. Terms of repayment Post shipment limit / EBRD [with a sub-limit for PCL/PCFC]
: Repayable on demand [maximum tenor : 90 days] ILC/FLC : Repayable on Demand [maximum tenor : 90 days for raw
material and 180 days for capital goods] Margin Post shipment limit / ILC/FLC : 10 % Extent operation of the charge : Current assets of company’s Plant –III at Gut No. 120/122,
Village Pangra, Tq. Parner, Dist. Ahemadnagar |
|
Short particulars of the property charged |
Current assets of company’s Plant –III at Gut No. 120/122,
Village Pangra, Tq. Parner, Dist. Ahemadnagar |
|
Date of latest modification prior to the present
modification |
19.10.2004 |
|
Particulars of the present modification |
|
CMT REPORT [Corruption, Money laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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.41.81 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.58.93 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
63 |
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 |