MIRA
INFORM REPORT
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Report Date : |
23.08.2007 |
IDENTIFICATION DETAILS
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Name : |
POPULAR VEHICLES SERVICES LIMITED |
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Registered Office : |
Kuttukaran Centre, Mamangalam, Cochin-682 025, Ernakulam,
Kerala |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
05.07.1983 |
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Com. Reg. No.: |
003741 |
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CIN No.: [Company
Identification No.] |
U50102KL1983PLC003741 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHNP01596A |
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PAN No.: [Permanent
Account No.] |
AABCP3805G |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business : |
Importing, Exporting, Purchasing, Manufacturing, Selling or otherwise Deal in Machinery, Plant and Equipment including Precision Machine Tools and Testing Instrument and Tools of Every Description used for Manufacturer of Autoparts. |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 650000 |
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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 fine track. Directors are reported as experienced, respectable and resourceful businessmen. Their trade relations are fair. Financial position is good. Payments are correct and as per commitments. The company can be considered good for any normal business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
Kuttukaran Centre, Mamangalam, Cochin-682 025, |
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Tel. No.: |
91-484-2331508 |
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Fax No.: |
91-484-2340755 |
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E-Mail : |
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Website : |
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Factory 1 : |
Ø
Kuttukaran Centre, Mamangalam, Cochin-682 025,
Ø
Kaloor, Cochin-682 017, Kerala Ø Sanya Centre, Pump Junction, Aluva, Kerala Ø Kuttukaran Centre, Killipalam, Karamana, Post Office- Trivandrum, Kerala Ø
Civilstation, Ø Old Termina Theatre Bulding, Kerala Ø Gokaram Rathnam Complex, 7th Block, Jayanagar, Ø Priya Estate, Bypass Road, Vyttila |
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Branches : |
Located at : K Muruthi DCM and Telco Services K Muruthi DCM and Telco Services Centre Cochin-682 026, Kerala K Muruthi Service Centre Kerala K Muruthi Service Centre Near 4th Railway Gate, Kozhikode-682 032, Kerala K Muruthi Service Centre Choottuvelil Junction, Kottiyam K Muruthi Service Centre Melechova, Kannur-682 006, Kerala K Bajaj Service Centre 8/2, DRC Post, Karnataka K Bajaj Service Centre Saniya Centre, Pump Junction, Aluva, Kerla |
DIRECTORS
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Name : |
Mr. John Kuttukaran Paul |
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Designation : |
Whole Time Director |
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Address : |
42/1058, “Kuttukaran House”, |
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E-Mail: |
johnkpaul@popularv.com |
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Date of Birth/Age : |
28.03.1953 |
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Date of Appointment : |
01.04.2006 |
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Other Directorship: |
v
Popular Mega Motors India Limited v
Popular Kuttukaran Cars private Limited v
Popular Auto Dealers Private Limited v
Popular Auto Spares Private Limited |
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Partnership Held: |
v
Kuttukaran Trading Ventures |
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Name : |
Mr. Thomas Saju Kuttukaran |
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Designation : |
Managing Director |
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Address : |
“Kuttukaran House”, Kunnathumkara, Trichur – 680 656, |
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Date of Birth/Age : |
29.05.1958 |
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Name : |
Mr. Paul Porinchu Kuttukaran |
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Designation : |
Director |
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Address : |
“Kuttukaran House”, Kunnathumkara, Trichur – 680 656, |
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Date of Birth/Age : |
20.03.1914 |
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Date of Appointment : |
05.07.1983 |
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Name : |
Mr. Francis Kuttukaran Paul |
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Designation : |
Managing Director |
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Address : |
34/542, A 1, “Kuttukaran House”, By Pass Road, Padivattom, Edappaly P. O., Ernakulam – 682 024, Kerala, India |
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E-Mail: |
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Date of Birth/Age : |
09.02.1948 |
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Date of Appointment : |
01.04.2006 |
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Other Directorship: |
v
Popular Mega Motors India Limited v
Popular Kuttukaran Cars private Limited v
Popular Auto Dealers Private Limited |
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Partnership Held: |
v
Kuttukaran Trading Ventures |
KEY EXECUTIVES
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Name : |
A. S. Das and Company |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr K.P. Paul |
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1000 |
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Mr. Francis K M Paul |
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1000 |
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Mr. Saju Thomas |
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1000 |
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Ms. Daisy Paul |
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1000 |
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Mr. Binu K. Paul |
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1000 |
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Mr. Susan Francis |
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1000 |
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W/o. Late K. P. Thomas |
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1000 |
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Category |
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Percentage of Holding |
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Directors or relatives of directors |
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93.00 |
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Other top fifty (50) shareholders (other than listed above)` |
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2.00 |
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Others |
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5.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Importing, Exporting, Purchasing, Manufacturing, Selling or otherwise Deal in Machinery, Plant and Equipment including Precision Machine Tools and Testing Instrument and Tools of Every Description used for Manufacturer of Autoparts. |
GENERAL INFORMATION
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No. of Employees : |
600 |
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Bankers : |
Bankers: Ø State Bank of Travancore , Kaloor Branch Ø Dhanalakshmi Bank Limited Ø Federal Bank Limited Ø K Federal Bank Ø Indian Overseas Bank Ø Standard Chartered Grindlays Bank Limited Ø
Financial
Institution:
No. 21, |
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Facilities : |
Secured Loans From Banks (On hypothecation of Machinery, Vehicles, Spares and accessories, book
debts and equitable mortgage of immovable properties and guaranteed by
Directors) Cash Credit
Unsecured Loans
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
RGN Price and Company Chartered Accountants |
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Address : |
G-234 Price Chambers, |
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Tel. No.: |
91-484-2316538/2312960 |
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Fax No.: |
91-484-2312735 |
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E-Mail : |
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Associates/Subsidiaries : |
Ø Popular Auto Spares Private Limited Ø Kuttukaran Imports And Exports Limited Ø Popular Mega Motors India Limited Ø Popular Automobiles Ø Kuttukaran Engine Rebuilders Ø Popular Infotech Ø Kuttukaran Institute For Human Resources Development |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10.00 each |
Rs.5.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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100700 |
Equity Shares |
Rs.10.00 each |
Rs.1.007 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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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 |
1.007 |
1.007 |
1.007 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
162.040 |
144.147 |
113.395 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
163.047 |
145.154 |
114.402 |
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LOAN FUNDS |
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1] Secured Loans |
475.604 |
354.533 |
284.009 |
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2] Unsecured Loans |
8.112 |
8.941 |
8.265 |
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TOTAL BORROWING |
483.716 |
363.474 |
292.274 |
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DEFERRED TAX LIABILITIES |
1.462 |
3.954 |
3.428 |
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TOTAL |
648.225 |
512.582 |
410.102 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
217.019 |
109.056 |
81.289 |
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Capital work-in-progress |
21.332 |
33.095 |
14.012 |
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INVESTMENT |
46.398 |
42.895 |
34.559 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
604.527
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432.054 |
332.094
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Sundry Debtors |
209.703
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114.000 |
96.348
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Cash & Bank Balances |
101.533
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59.940 |
80.080
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Other Current Assets |
76.395
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100.201 |
25.151
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Loans & Advances |
33.409
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31.850 |
84.963
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Total
Current Assets |
1025.567
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738.045 |
618.636 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
618.221
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381.680 |
338.394
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Provisions |
43.870
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28.829 |
0.000
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Total
Current Liabilities |
662.091
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410.509 |
338.394 |
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Net Current Assets |
363.476
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327.536 |
280.242 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
648.225 |
512.582 |
410.102 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
4900.891 |
3966.505 |
3212.773 |
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Other Income |
383.923 |
276.704 |
330.135 |
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Total Income |
5284.814 |
4243.209 |
3542.908 |
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Profit/(Loss) Before Tax |
30.922 |
47.708 |
27.122 |
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Provision for Taxation |
12.799 |
16.726 |
14.618 |
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Profit/(Loss) After Tax |
18.123 |
30.982 |
12.504 |
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Expenditures : |
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Raw Material Consumed |
4578.419 |
3702.870 |
3153.400 |
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Salaries, Wages and bonus |
108.765 |
75.336 |
0.000 |
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Managerial Remuneration |
3.017 |
4.450 |
0.000 |
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Payment of Auditors |
0.144 |
0.191 |
0.000 |
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Interest |
67.405 |
43.563 |
33.109 |
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Insurance Expenses |
4.454 |
2.391 |
0.000 |
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Depreciation and Amortization |
20.085 |
13.108 |
11.166 |
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Other Expenditure |
471.603 |
353.592 |
318.110 |
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Total Expenditure |
5253.892
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4195.501 |
3515.785 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
0.34
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0.73 |
0.35 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.63
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1.20 |
0.84 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.49
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5.63 |
3.87 |
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Return on Investment (ROI) (PBT/Networth) |
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0.19
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0.33 |
0.24 |
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Debt Equity Ratio (Total Liability/Networth) |
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7.03
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5.33 |
5.51 |
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Current Ratio (Current Asset/Current Liability) |
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1.55
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1.80 |
1.83 |
LOCAL AGENCY FURTHER INFORMATION
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Name of the company |
POPULAR VEHICLES SERVICES LIMITED |
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Presented By |
Sundaram Finance
Limited No. 21, |
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1) Date and description of instrument creating the change |
Loan Agreement
dated 06.04.2005 bearing Loan Cont. No. WN – 2406 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.233 (Rs.
2,33,180.00) inclusive of finance charges of Rs. 33,180.00 |
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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 |
On the security
of 1. No. 2001 Model Maruti Versa bearing E. No. G13BBN122188, Ch. No.:
MA3EBKA1500100287; Regn. No. KL01V7930 as mentioned in the 1st
schedule of the enclosed copy of the loan agreement. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The total loan
amount of the Rs. 233180.00 is repayable in 35 monthly installments as
follows: The 1st
installment of Rs. 6740.00 and the rest of the 34 monthly installments of Rs.
6660.00 each. The 1st loan installment falls due on 03.05.2005 |
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5) Name and Address and description of the person entitled to the charge. |
Sundaram Finance
Limited No. 21, |
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6) Date and brief description of instrument modifying the charge |
Not Applicable |
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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. |
Not Applicable |
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Corporate
identity number (CIN) Foreign company registration number |
U50102KL1983PLC003741 |
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Name of the
Company |
POPULAR VEHICLES SERVICES LIMITED |
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Address |
Kuttukaran Centre, Mamangalam, Cochin-682 025, Ernakulam, |
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This form is for |
Modification of charge |
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Type of Charge |
A charge on: v
Immovable
Property v
Any
interest in immovable property v
Book
Debts v
Movable
Property (not being pledge) |
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Particulars of
the charge holder |
State Bank of Overseas Branch, E-Mail:
sbi00967@sbi.co.in |
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Nature or
description of the instrument(s) creating or modifying the charge |
1)
Supplemental
Agreement of Loan for increase in the overall limit (Form C 1A) 2)
Supplemental
Agreement of Hypothecation of Goods and Assets (Form C 2-A) 3)
Letter
regarding the grant of Individual Limits within the Overall limit (Form C5) 4)
4
Letters evidencing extension of equitable mortgage by deposit of title deeds
of leasehold rights. 5)
4
Letters evidencing extension of equitable mortgage by deposit of title deeds. |
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Date of the
instrument creating or modifying the charge |
11.04.2007 |
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Amount secured by
the charge |
Rs. 318.100
millions |
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Brief particulars
of the principal terms and conditions and extent and operation of the charge |
(a) Rate of
Interest 1)
For
Cash Credit – 2.50% above SBAR – Current effective rate – 15.25% 2)
Term
Loan I – 1% below SBAR- Current effective rate 11.75% 3)
Term
Loan II – 1.50% above SBAR – Current effective rate – 14.25% 4)
Term
Loan III- at SBAR – current effective rate – 12.75% 5)
Corporate
Loan –at SBAR – Current effective rate – 12.75% (b) Terms of repayment – As stipulated by the Bank
from time to time. (C) Margin: On stocks, Book
Debts/receivables, Lands and Buildings/Plant and Machinery – 25% Bank
Guarantee – 10% (d) Extent and
operation of the charge This is a charge
on the movable properties, book debts, lease hold rights of immovable
properties and specific immovable properties of the Company. (e) Others The total limits
of Rs. 318.100 is as follows
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Short particulars
of the property charged (including location of the property) |
1)
All
present and future goods, book debts and movable properties 2)
Leasehold
rights over specific lands all of 3)
Ownership
rights over specific immovable properties of the Company at |
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Particular of the
present modification |
1)
The
total limits have been revised to Rs. 318.100 millions 2)
The
Existing charge over present and future goods, book debts and all movable
assets of borrower have been extended to the revised limits 3)
The
existing charge over the leasehold rights f specific immovable properties of
the Company and ownership rights of specific immovable properties of the
Company have been extended to the revised limits. |
Website Details
Welcome
to their Sales and Services locations of Popular Vehicles and Services Limited.
They will assist us from the time of choosing the vehicle model, colour and finding
the best finance option that suits us. They will constantly keep us update
about the vehicle status until the delivery of vehicle. In case the vehicle
needs any service, they are at the service; with options of collecting the
vehicle from the doorstep and once the work is over they will deliver it back
to us.
They have features like Maruti-On-Road Service, if in case the vehicle
gets brakedown on the way. Their Maruti skilled technicians will come to the
location where the vehicle is brakedown and rectify the problem or if it’s a
major work that has to be attended at the workshop the vehicle will be towed to
the nearest Service Station.
Subject
has 4 new car sales showrooms spread across Kerala and Chennai where we can buy
the Maruti car of the choice along with UCP
- Unlimited Car care Package.
- Thiruvananthapuram.........
- Cochin...........................
- Kozhikode.....................
- Chennai.........................
Subject is No.1 in
- All round
Excellence award, amongst all the dealership in
- Best in
customer satisfaction index for service centres.
- Best HR
practice.
- 1st in the
All
- No.1 in
Maruti Genuine Accessories Sales.
- No.1 in
Maruti Insurance.
Subject
has 8 State-Of-Art Maruti Service Stations spread across Kerala and Chennai,
where us can avail all the free services, UCP - Unlimited Car care Package, renew the vehicle
insurance, MOS - Maruti On road Service, Carbon Cleaning etc.
Their Service Stations are
ISO-9002 Certified.
Ø
Ø
Thrissur......................
Ø
Kannur......................
Ø Chennai.....................
Subject is No.1 in
- All round
Excellence award, amongst all the dealership in
- Best in
customer satisfaction index for service centres.
- Best HR
practice.
- 1st in the
All
- No.1 in
Maruti Genuine Accessories Sales.
- No.1 in
Maruti Insurance.
Baleno]
Independent suspension on all four wheels gives us a jerk free ride even
at high speeds. Approach the Baleno from the front and bang! What a difference!
The nose treatment is stunning, very modern and quite aggressive the
rectangular, meshed grille stands out from the bodywork with its chrome border.
Discover the exuberant power of the Baleno as it delivers 94 horsepower at 6000
RPM with its 1.6 litre, multi-point fuel injected, 4 cylinder, 16 valve SOHC
all aluminum engine. The resultant reduction in emission levels makes the
Baleno an environment friendly vehicle.
The powerful Smart-i engine comes with unique in-built features like a
'Multi Point Fuel Injection (MPFI)', 'Electronic Spark Advance', and 'Double
Distributor Less Ignition System'.
The unique Multi Point Fuel Injection (MPFI) gives even fuel
distribution which increases fuel efficiency and enhances power performance.
The low weight and high thermal conductivity optimizes fuel efficiency. The
all-aluminum engine is extremely compact and lightweight, ensuring a superior
handling experience.
Grand Vitara
Grand Vitara XL-7 is designed to fit the life. It's the right size to
carry just about everything you’re likely to need in the daily driving errands.
And it's versatile enough to handle that big shopping trip or a long weekend
getaway. First of all, it has a standard adjustable second row of seats.
It's the only vehicle in its class to offer a third row of seats. That
works out to plenty of seating and room left over for luggage. The second and
third row seats also have a split-folding design so we can carry long items or,
for the ultimate in versatility, we can carry a combination of cargo and people.
It's no secret that real beauty comes from within. The Grand Vitara XL-7
is built on a sound platform cleverly engineered so that the deeper we look,
the more there is to appreciate. To begin with, the sturdy ladder frame is
fully boxed and designed with built-in crumple zones at the front and rear.
When the time is short and the road is long, we'll find the Grand Vitara
XL-7's engine room always manned and ready. With 127kw at 6000 rpm on call, the
2.7-liter, DOHC v6 engine can motivate the Grand Vitara XL-7 up steep terrain,
cruise effortlessly on the highway or tow up to 1850kg
Alto
Brilliant Performer- Outstanding fuel efficiency, Impressive road
handling, Refined MPFI engine, Stunning looks, excellent pick-up and
acceleration. The Alto is a brilliant car that promises to deliver an enticing
blend of unbeatable performance, comfort and driving experience. The car is
designed for effortless, comfortable driving. Just relax and enjoy every moment
while we're in the Alto.
Compact body, tight radius, speed sensitive electronic power steering
and above all, gas filled shock absorbers and McPherson struts with torsion
type anti-roll bar suspension make it a perfect travel companion on all kinds
of roads. The car pampers us with the coolest air-conditioner in its category.
Its plush interiors, well-contoured seats and a host of thoughtful features
make it the best bet on Indian roads.
Adhering to stringent international safety standards, the Alto is one of
the safest cars around. Its sturdy body comes fully packed with a host of
active and passive safety like highly rigid monocoque frame, Dual side impact
door beams, Dual diagonal 20 cm booster assisted brakes for instant braking,
Rear door child safety lock, Non-jamming doors for added safety.
The Alto is designed with versatility in mind. The ample boot space can
easily accommodate the shopping, sports gear or luggage for trip out of town.
So, no matter what the everyday need is the Alto has room for all. What's more,
there is still room enough for individuality.
WagonR
The
all new WagonR has head-turning new features. Like clear lens head lamps and
tail lamps, classy new grille, attractive wheel covers, rear defogger and
elegant upholstery. So, whether it's performance, comfort, safety, or style,
the WagonR is simply unmatched. The tall WagonR with its high seats and wide
doors make it easy for us to get in and out. The WagonR comes with reclining
seats found in the first-class airline cabins.
Under the hood, the WagonR has a potent power plant. A 16-valve, 64 bhp
low friction engine which is controlled by a smart 16-bit computer. Put simply,
it means more power, instant response and better fuel efficiency. The WagonR
comes equipped with eight-inch booster-assisted brakes, collapsible steering
column, side-impact beams and child-proof rear doors for added protection. It's
probably the safest car we'll ever find.
Space that will surprise us seats that can be folded together or
separately to create extra boot space. Indeed, the concept of flexible space
makes sure that there's space for everything in the WagonR. Innovations that
will leave us spellbound. Day and Night mirror for ease of driving. 'Key Not
Removed' buzzer warns us if we forget the key in the ignition. Electronic multi
trip meter helps two people log in distance covered. Hook under the glove
compartment to hang the shopping bags. Storage space under the music system for
cassettes and files. Electronic tachometer helps improve driving efficiency.
Cup holder at the rear.
The all-new WagonR has head-turning new features. Like clear lens head lamps and tail lamps, classy new grille, attractive wheel covers, rear defogger and elegant upholstery. So, whether it's performance, comfort, safety, or style, the WagonR is simply unmatched. The 1061cc MPFI low friction engine delivers an awesome 64bhp@6200rpm power for smoother pick-up and faster acceleration than other car engines in this category. A 16 bit on-board computer with diagnostic capability monitors engine performance continuously. It checks the condition of the engine as soon as we turn it on and monitors the air-fuel ratio for optimum fuel efficiency.
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. 41.18 |
|
|
1 |
Rs. 82.41 |
|
Euro |
1 |
Rs. 55.85 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
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. |
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 |
|