MIRA
INFORM REPORT
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Report Date : |
23.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SUTTATTI ENTERPRISES PRIVATE LIMITED |
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Registered Office : |
Unit 1 – 43, Hadapsar Industrial Estate, Pune – 411013, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
07.03.1995 |
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Com. Reg. No.: |
11-86130 |
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CIN No.: [Company
Identification No.] |
U29299MH1995PTC086130 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in Manufacturing and Sale of Sheet Metal Products. |
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 290884 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established company having satisfactory track. Trade relations are fair.
General financial position is satisfactory. 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 : |
Unit 1 – 43, Hadapsar Industrial Estate, Pune – 411013, |
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Tel. No.: |
91-20-4023939/
2687027 |
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Fax No.: |
91-20-26874062 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Rajesh
Channabasav Suttatti |
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Designation : |
Managing Director |
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Address : |
E – 1, Konark
Estate, Pune – 411 001, |
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Date of Appointment : |
07.03.1995 |
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Other Directorship: |
Name of the
Company: Sumax Enterprises Private Limited CIN of Company:
U29299PN2005PTC020631 Designation:
Managing Director |
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Name : |
Mr. Vijay
Channabasav Suttatti |
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Designation : |
Director |
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Address : |
E – 1, Konark
Estate, Pune – 411 001, |
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Date of Appointment: |
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Other Directorship : |
Name of the Company:
Sumax Enterprises Private Limited CIN of Company:
U29299PN2005PTC020631 Designation:
Director |
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Name : |
Mr. Deepak Pandit
Suttatti |
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Designation : |
Director |
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Address : |
114 Nalini
Apartments, |
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Date of Appointment : |
06.09.1996 |
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Name : |
Mr. Suttatti
Gurappa Channabasav |
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Designation : |
Director |
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Address : |
E – 1, Konark
Estate, Pune – 411 001, |
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Date of Appointment : |
06.09.1996 |
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Name : |
Mr. Suttatti
Gurappa Pandit |
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Designation : |
Director |
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Address : |
114 Nalini
Apartments, |
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Date of Appointment : |
06.09.1996 |
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Name : |
Mr. Suttatti
Pandit Mahesh |
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Designation : |
Director |
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Address : |
114 Nalini
Apartments, |
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Date of Appointment : |
30.09.1997 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Rajesh
Channabasav Suttatti |
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5000 |
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Vijay Channabasav
Suttatti |
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5000 |
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Channabasav G
Suttatti |
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5000 |
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Pandit G Suttatti |
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5000 |
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Dipak P Suttatti |
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5000 |
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Mahesh P Suttatti |
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5000 |
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Rajesh C Suttatti
JW Vimala R Suttatti |
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35000 |
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Vijay C Suttatti
JW |
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35000 |
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Channabasav G
Suttatti JW Annapurna C S |
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20000 |
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Pandit G Suttatti
JW Kalavati P Suttatti |
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20000 |
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Deepak P Suttatti
JW Kalavati P Suttatti |
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20000 |
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Mahesh P Suttatti
JW Kalavati P Suttatti |
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20000 |
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10000 |
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Kalavati P
Suttatti JW Pandit G Suttatti |
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10000 |
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Pushpa J Boramani
JW jagannath M Boram |
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500 |
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Roopa V Suttatti
JW Vijay C Suttatti |
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10000 |
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Aditya Rajesh
Suttatti JW Vijay C Suttatti |
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10000 |
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Shruti Rajesh
Suttatti JW Rajesh C Suttatti |
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5000 |
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Akshaya Boramani
JW Pushpa J Boramani |
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500 |
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Priyanka J
Boramani JW Pushpa J Boramani |
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5000 |
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Vimala R Suttatti
JW Rajesh C Suttatti |
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5000 |
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Rajani D Suttatti
JW Deepak P Suttatti |
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5000 |
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Harsha A Angadi
JW Pandit G Suttatti |
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500 |
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Parvati R
Bhadranwar JW Pandit G Suttatti |
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5000 |
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Pushpa J Boramani
JW Akshaya J Boramani |
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10000 |
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Vadgnya S Bondada
JW Geeta S Bondada |
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5000 |
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Geeta S Bondada
JW |
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13900 |
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Geeta J Bondada
JW Channabasav Suttatti |
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6100 |
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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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100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is
engaged in Manufacturing and Sale of Sheet Metal Products. |
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GENERAL INFORMATION
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Suppliers : |
v
Akzo
Noble Coatings India Private Limited v
Aquachem
Engineering Services v
Asian
Engineering Sales Corporation v
ATC
(Clearing & Shipping) Private Limited v
Bhushan
Steel Strips Limited v
Darshana
Industries Private Limited v
Datson
Electronics Private Limited v
Enercon
( v
Ganesh
Engineering Corporation v
Industrial
Electronic & Allied Products v
Jayna
Chemicals Private Limited v
Jyoti
Enterprises v
Kadam
Industries v
Kala
Enterprises Private Limited v
Kerbkonus
Fastners Private Limited v
Kiriokar
Limaye & Associates v
Naresh
Steel Industries Private Limited v
Promotech
Chemicals Private Limited v
Pune
Hi-Tech Gas Private Limited v
Raj
System Private Limited v
Steel
Authority of India Limited v
Stickwell
Adhesive Tapes v
Thakur
Shroff & Electric Company v
Vipraj
Thermosets Private Limited |
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|
|
|
Customers : |
v
Aar
Em Electronics Limited v
Advani
Kitchen Appliances Private Limited v
Alfa
Laval ( v
ASB
International Private Limited v
Asian
Power Controls Limited v
Atlas
Engineering v
Automag
India Private Limited v
Aver
Software Technologies Limited v
Axis
Software Private Limited v
Clostra
Modular Systems Private Limited v
Dacs
Electrosystems Private Limited v
Darshna
Industries Private Limited v
Deluxe
Cleaning Systems Private Limited v
Desmi
Equipments Private Limited v
Divinet
Access Technologies Private Limited v
Dynamic
Engineers & Erectors v
Ferromatic
Milacron India Limited v
Forbes
Polymetron Private Limited v
Garware
Wall Ropes Limited v
Golden
Glass Designers v
IAL
Construction & Agri Equipment v
Ideal
Engineering Works v
ID
Technologies v
Industrial
Transmission v
Intech
Auto Stores & Conveyors v
J. N.
Marshall Private Limited v
Kala
Genset Private Limited v
Kinetic
Engineering Limited v
Kinetic
Motor Company Limited v
Kirloskar
Pneumatic Company Limited v
Lachhman
Dass & Company v
Laxmi
Rikshaw Body Private Limited v
L
& T John Deere Limited v
Manshu
Comtel Private Limited v
Pam
Pharmaceutical & Allied M/C Company v
Parvati
Broken Glass Suppliers v
Ploneer
Industries (D) v
Plttie
Renewable Energy v
Power
Synthesis Private Limited v
Renzil
Enterprises v
Rishi
Laser Cutting Limited v
S. M.
auto Engineering Private Limited v
Statfield
Equipments Private Limited v
Tata
Honeywell Limited v
The
Design Projects v
Thermax
Limited v
Umasons
Auto Comp. Private Limited v
Vyankatesh
Enterprises v
Yantrashiipa
Tech. Private Limited v
Algappa
Engineering Private Limited v
Concorde
Motors Private Limited v
Dhingra
Motors (Gurgaon) v
Hi
Tech Services v
Hi
Tech Auto v
Kaya
Motors ( v
Khamla
Automobiles Private Limited v
Krishnu
Motors v
Om
Sai Motors Private Limited v
Oriental
Autotech Private Limited v
Pandit
Automative Private Limited v
Perfect
Motors Private Limited v
Shree
Bharat Motors Limited v
Utsav
Motors v
Zimomi
Automobiles v
Wasan
Motors Limited |
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No. of Employees : |
80 |
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Bankers : |
v
Bank
of v
State
Bank of v
Kotak
Mahindra v
ABN
Amro Bank |
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Banking Relations : |
Satisfactory |
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Auditors : |
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Name: |
Mr. Rajesh V
KirloskarKirloskar Charted
Accountant |
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Address: |
Nandeep, 32/2 B,
Erandwane, Pune – 411 004, |
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Tel. No.: |
91-20-25457586/
30901240 |
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Fax No.: |
91-20-25457586 |
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E-Mail : |
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Associates: |
VIJAY ENGINEERING |
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Address: |
55A/4, Hadapsar Industrial Estate, Pune – 411013, |
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Tel. No.: |
91-20-26870315 / 26870925 |
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Fax No.: |
91-20-4011575 |
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Email: |
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Associates: |
SUMAX PRECISION |
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Address: |
55A/4, Hadapsar Industrial Estate, Pune – 411013, |
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Tel. No.: |
91-20-26813661 |
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Fax No.: |
91-20-4014989 |
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Email: |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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350000 |
Equity Shares |
Rs.100/- each |
Rs.35.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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320000 |
Equity Shares |
Rs.100/-
each |
Rs.32.000
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 |
32.000 |
32.000 |
29.500 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
40.721 |
23.563 |
18.173 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
72.721 |
55.563 |
47.673 |
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LOAN FUNDS |
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1] Secured Loans |
150.069 |
119.027 |
73.424 |
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2] Unsecured Loans |
22.213 |
25.098 |
36.950 |
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TOTAL BORROWING |
172.282 |
144.125 |
110.374 |
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DEFERRED TAX LIABILITIES |
28.467 |
31.639 |
30.654 |
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TOTAL |
273.470 |
231.327 |
188.701 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
228.129 |
187.096 |
165.760 |
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Capital work-in-progress |
0.000 |
1.000 |
1.000 |
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INVESTMENT |
7.550 |
0.000 |
0.000 |
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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 |
8.577
|
7.938 |
7.099 |
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Sundry Debtors |
60.882
|
53.202 |
28.468 |
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Cash & Bank Balances |
2.145
|
5.140 |
4.400 |
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Other Current Assets |
39.982
|
44.971 |
41.138 |
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Loans & Advances |
19.289
|
0.000 |
0.000 |
|
Total Current Assets |
130.875
|
111.251 |
81.105 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
68.573
|
42.236 |
43.319 |
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Provisions |
26.184
|
25.784 |
15.849 |
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Total Current Liabilities |
94.757
|
68.020 |
59.168 |
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Net Current Assets |
36.120
|
43.231 |
21.937 |
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MISCELLANEOUS EXPENSES |
1.671 |
0.000 |
0.004 |
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TOTAL |
273.470 |
231.327 |
188.701 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
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Sales Turnover [including other income] |
|
203.335 |
126.224 |
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Profit/(Loss)
Before Tax |
|
39.490 |
24.368 |
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Provision for
Taxation |
|
16.009 |
7.860 |
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Profit/(Loss)
After Tax |
|
23.481 |
16.508 |
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Export Value |
|
8.719 |
1.647 |
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Import Value |
|
36.976 |
32.668 |
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Total Expenditure |
|
139.495 |
79.880 |
KEY RATIOS
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PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
NA
|
11.55 |
13.08 |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
|
19.42 |
19.31 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
13.19 |
9.83 |
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Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.71 |
0.51 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.30
|
3.81 |
3.56 |
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Current Ratio (Current Asset/Current Liability) |
|
1.38
|
1.64 |
1.37 |
LOCAL AGENCY FURTHER INFORMATION
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Name of the
company |
SUTTATTI
ENTERPRISES PRIVATE LIMITED |
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Presented By |
SUTTATTI
ENTERPRISES PRIVATE LIMITED |
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1) Date and
description of instrument creating the change |
Dated 16.04.2004 Instruments creating charge –
Agreement of Hypothecation of goods and assets (Form C.2) Deed of guarantee (Form C.4) for over limit. Letter regarding grant of individual limits within the overall limits
(Form C.5) All instruments constitute a single
charge. |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 100.000
Millions Demand Cash
Credit: Rs. 10.000 Millions Term Loan: Rs.
80.000 Millions Bank Guarantee:
Rs. 10.000 Millions. |
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3) Short particular
of the property charged. If the property acquired is subject to charge, date
of the acquired of the property should be given |
The company does
hereby hypothecation in favour of the bank, Both present
& future immovable property of the borrower and Both present
& future stock, book debts and all other movable assets of the borrower
including documents of title to the goods, outstanding money receivables
under cash assistance schemes and claims including claims by way of refund of
customs/ excise duties under Duty Draw Back Credit scheme or any other
schemes, bills invoices, documents, contracts, insurance policies,
guarantees, engagements, securities, investment and rights uncalled capital
and all machinery listed in schedule to the agreement of hypothecation both
present & future. Wherever situated. |
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4) Gist of the
terms and conditions and extent and operation of the charge. |
Nature of
Facility Demand Cash
Credit: Rs. 10.000 Millions Term Loan: Rs.
80.000 Millions Bank Guarantee:
Rs. 10.000 Millions. Rate of Interest
– 8.75% p.a. Margin: Demand
Cash Credit 25% against Raw
material 33.33% against
Stock in Progress 25% against
Finished Goods 40% against Book
Debts/ Receivables Bank Guarantee
Limit: 25% |
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5) Name and Address
and description of the person entitled to the charge. |
State Bank of |
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6) Date and brief
description of instrument modifying the charge |
Indenture of
Mortgage dated 10.01.2005 1. Supplemental
Agreement of hypothecation of goods and assets for increase in overall limit. 2. Supplemental
Agreement of Loan for increase in Overall Limit (All instruments
constitute single charge) |
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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. |
1st modification Company has provided additional securities
as mentioned below as per Schedule No. I, and Schedule No. II of Indenture of
Mortgage dated 04.10.2004 as stated below: Schedule No. I
All that piece and parcel and land together with building/ structure constructed thereon and additions made thereon bearing Plot No. 43 out of S. No. 112A+113B+114+117+118+119+122A+123B+269B+297+318 Hadapsar, pune adm. 37152 sq. ft. = 3451.50 sq. mtrs. Approx. together with fixed assets therein situated within the limits of pune Muncipal Corporation and within the Registration District of pune, Sub- District, Taluka Haveli, District pune and with in the Jurisdiction of Sub- registrar, Haveli No. 3 and the said property is bounded as follows: On or towards the East: By Plot No. 44 On or towards the South: By Road On or towards the West: By Plot No. 42 On or towards the North: By Plot No. 38-39 Schedule No. II
All that piece and parcel and land together with building/ structure constructed thereon and additions made thereon bearing Plot No. 70 out of S. No. 112A+113B+114+117+118+119+122A+123B+269B+297+318 Hadapsar, Pune adm. 86064 sq. ft. = 7996.28 sq. mtrs. Approx. together with fixed assets therein situated within the limits of pune Muncipal Corporation and within the Registration District of pune, Sub- District, Taluka Haveli, District pune and with in the Jurisdiction of Sub- registrar, Haveli No. 3 and the said property is bounded as follows: On or towards the East: By Plot No. 71 On or towards the South: By Plot No. 104 On or towards the West: By Open/Road On or towards the North: By Open/Road 2nd Modification made on 10.01.2005. The amount of facility is increased from Rs. 100.000 Millions to Rs. 126.200 Millions as stated below. Nature of Facility: Demand Cash Credit: Rs. 10.000 Millions Corporate Term Loan: Rs. 20.000 Millions Term Loan – 1: Rs. 60.000 Millions Term Loan – 2: Rs. 26.200 Millions Bank Guarantee: Rs. 10.000 Millions Total Charge:
126.200 Millions. |
|
Corporate identity
number (CIN) Foreign company registration number |
U29299MH1995PTC086130 |
|
Name of the
Company |
SUTTATTI
ENTERPRISES PRIVATE LIMITED |
|
Address |
43, Hadapsar
Industrial Estate, Pune – 411013, |
|
This form is for |
Modification of
charge |
|
Type of Charge |
Hypothecation |
|
Particulars of
the charge holder |
State Bank of Industrial
Finance Branch, Tara Chambers, Wakdevadi, Pune – 411003, E-Mail: rajascs@yahoo.co.in |
|
Amount secured by
the charge |
Rs.100.000
millions |
|
Brief of the
principal terms and conditions |
Demand Cash
Credit: Rs.10.000 millions Term Loan:
Rs.80.000 millions Bank Guarantee:
Rs.10.000 millions Rate of Interest:
8.75%pa.a Demand cash
credit: 25% against raw materials, 33.33% against stock in progress, 25%
against finished goods, 40% against book debts, Bank Guarantee Limite25% |
|
Description of
the property charged indicating |
Immovable
Properties, Stock in trade, Book Debts Particulars of
the property charged (including location o the property) Register Office –
Pune |
|
Charge
identification |
90088758 |
|
Brif description
of the instrument modifying the charge under section |
Deed of further
charge |
|
Date of Instrument
|
02.08.2006 |
|
Particular of the
present modification |
Enhancement of
loan limit from Rs.100.000 millions to Rs.126.200 millions security of
immovable property as per schedule 1, II attached deed |
AS PER WEBSITE:
When Suttatti group of
companies was founded in 1963, it was charged with a clear vision of the
future, predicated on the working philosophy that each employee take a personal
responsibility in assuring total customer satisfaction.
Each of our group companies is one of the best equipped contract manufacturing
shop in
But despite the impressive manufacturing prowess we bring to your project, out
greatest strength lies in our ability to explore, discover and execute
customized, integrated solutions to meet your specialized, precision
metalworking needs.
COMPANY PROFILE:
1966
Mr. C.G. Suttatti and Mr. P.G. Suttatti started a factory by the
name of Vijay Engineering in Hadapsar (Pune). The major break through they got
is when there was a requirement of some import substitutes of tooling in
Kirloskar Pneumatics. They took it up as a challenge and developed these
tooling successfully. Slowly, they developed a wide range of tooling required
for CNC machines and started supply to all OEMs an end users of such machines.
Even today, toolings from Vijay Engineering are known for its quality and
reliability all over
1980
It was time to expand and Sumax Precision was instituted and a
factory was built at Hadapsar. Sumax Precision, having the most sophisticated
and state of art CNC machinery for handling machining components, engaged
itself in doing job work of critical assemblies and castings for all automotive
companies in
1993
Another unit by the name of Sumax Precision (Unit II) was
built to manufacture precision sheet metal parts and assemblies using CNC
equipments. Major customers were industries engaged in the manufacture of
electrical control equipment and electronic equipment.
1997
Latest machinery like CNC Laser Cutting, CNC Punching and Press
Brakes were imported from
THE COMPANY
Vijay
Engineering, a leading manufacturer of tool holding systems in
Taking up the challenge to develop import
substitutes of tooling for Kirloskar Pneumatics in 1966, Vijay Engineering
brought itself to the forefront of the Precision Tooling industry.
Catering to
clients from the automobile, heavy equipment manufacturing, rock drilling, rock
cutting industry; be it MNCs or leading Indian companies, Vijay Engineering,
has a reputation of being one of the best in India.
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 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
|