MIRA INFORM REPORT
|
Report Date : |
08.02.2007 |
IDENTIFICATION DETAILS
|
Name : |
NEGI SIGN SYSTEMS AND SUPPLIES COMPANY |
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Registered Office : |
1/4, Motilal Nagar- III, M. G. Road, Goregaon (West), Mumbai –
400090, Maharashtra, India |
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Country
: |
India |
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Financials
(as on) : |
31.03.2005 |
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Date of Incorporation : |
23.01.1996 |
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IEC No.: |
0396001271 |
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Legal Form : |
A sole
proprietorship concern |
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Line of Business : |
Importer of Large Format Digital Printing -
Mutch Industrial Limited, CNC Router, Laser Engraver, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 125000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is well established concern having
satisfactory track. Promoter of the concern is reported as experienced,
respectable and resourceful businessmen. His trade relations are fair. A
general financial position is satisfactory. Payments are usually correct and
as per commitments. The concern can be considered good for normal
business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
1/4, Motilal Nagar- III, M. G. Road, Goregaon (West), Mumbai –
400090, Maharashtra, India |
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Tel. No.: |
91-22-28765322/5293/28712640/2642 |
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Fax No.: |
91-22-28761376 |
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Mobile : |
91-9820519886/9820519887 |
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E-Mail : |
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Website : |
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Branches : |
q
Z-8, Hauz Khas, New Delhi – 110016 Tel. No. 91-11-26966277/26966638 Telefax. No. 91-11-26966638/26964350 Email : negisigns@vsnl.net
Ares : Owned – 1200 sq. fts. q
No. 15, 1st Floor, B. T. S. Main Road, Willan Garden,
Bangalore, Karnataka Tel. No. 91-80-2241365 Fax. No. 91-80-2274646 q
Ahmedabad, Gujarat |
SOLE PROPRIETOR
|
Name : |
Mr. Girvir Singh Negi |
|
Designation : |
Proprietor |
|
Address : |
A-304, Jupiter Vasant Galaxy, Bangur Nagar,
Jun Off M. G. Road, Goregoan (West), Mumbai – 400 090 |
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Date of Birth/Age : |
10-11-1967 |
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Qualification : |
BSC |
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Experience : |
15 years |
BUSINESS DETAILS
|
Line of Business : |
Importer of Large Format Digital Printing - Mutch Industrial
Limited , CNC Router, Laser Engraver, etc. |
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Products : |
Large Formar Digital Printer, Inks, Acm Sheet,
CNC Machines, Laser Engravers |
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Agencies Held : |
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Exports to : |
Japan, Israel, USA, and Austria |
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Terms : |
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Selling : |
Credit (30/60 days) and Cash |
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Purchasing : |
LC and others |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
Total 36 : 25 in office + 11 in branch |
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Bankers : |
Ground Floor and 1st Floor, Duru
House, Juhu Tara Road, Mumbai – 49
Evershine Angan, GLDG No. 4, Jawahar Nagar, S.
V. Road, Goregaon (West), Mumbai – 400062
Goregaon (West), Mumbai - 400062 |
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Banking Relations : |
Satisfactory |
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Auditors : |
Ganesh Shetty and Company Chartered Accountants 111-C, Morya House, New Link Road, Andheri
(West), Mumbai – 400 053 |
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Tel. No.: |
91-22-28731281 |
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Mobile No.: |
91-22-26731282 |
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E-Mail : |
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Associates : |
U. K. Singh Technologies A /302, Amr Vila, A Wing, Jessal Park,
Bhayander (East), Thane –401105 Line of business : Retail Trader in
Computerized Machineries |
CAPITAL STRUCTURE
|
Capital Investment : |
|
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Owned : |
Rs. 64.300 millions |
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Borrowed : |
Rs. 10.957 millions |
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Total : |
Rs. 75.257 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2005 |
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SHAREHOLDERS FUNDS |
|
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1] Share
Capital |
|
|
34.737 |
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3]
Reserves & Surplus |
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|
-- |
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NETWORTH |
|
|
34.737 |
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LOAN
FUNDS |
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1]
Secured Loans |
|
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3.495 |
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2]
Unsecured Loans |
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|
1.076 |
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TOTAL
BORROWING |
|
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4.571 |
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DEFERRED
TAX LIABILITIES |
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|
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TOTAL |
|
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39.308 |
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APPLICATION
OF FUNDS |
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FIXED
ASSETS [Net Block] |
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17.649 |
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Capital
work-in-progress |
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INVESTMENT |
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6.500 |
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DEFERREX
TAX ASSETS |
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CURRENT
ASSETS, LOANS & ADVANCES |
|
|
|
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Inventories |
|
|
6.111 |
|
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Sundry
Debtors |
|
|
19.793 |
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Cash
& Bank Balances |
|
|
13.411 |
|
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Advance
to Suppliers |
|
|
3.135 |
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Deposits |
|
|
0.092 |
|
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Pre-paid
Taxes |
|
|
6.032 |
|
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Pre- paid
Expenses |
|
|
0.093 |
|
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Dividend
Receivable |
|
|
0.017 |
|
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Other
Current Assets |
|
|
0.000 |
|
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Loans
& Advances |
|
|
1.535 |
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Total Current Assets |
|
|
50.219 |
|
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Less : CURRENT LIABILITIES &
PROVISIONS |
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Sundry
Creditors |
|
|
28.632 |
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Provisions |
|
|
1.551 |
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Advance
Received from Clients |
|
|
4.877 |
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Total Current
Liabilities |
|
|
35.060 |
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Net Current Assets |
|
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15.159 |
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MISCELLANEOUS
EXPENSES |
|
|
-- |
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|
|
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|
|
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TOTAL |
|
|
39.308 |
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PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
198.795 |
130.447 |
122.458 |
|
|
|
|
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Profit/(Loss) Before Tax
|
19.531 |
9.222 |
9.006 |
Provision for Taxation
|
-- |
-- |
-- |
Profit/(Loss) After Tax
|
19.531 |
9.222 |
9.006 |
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|
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Export Value
|
-- |
-- |
-- |
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|
|
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Import Value
|
89.181 |
78.644 |
57.847 |
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|
|
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Total Expenditure
|
23.280 |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
PAT / Total Income
|
(%)
|
9.824
|
7.070 |
7.354 |
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Net Profit Margin
(PBT/Sales) |
(%) |
9.824
|
7.070 |
7.354 |
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Return on Total Assets
(PBT/Total
Assets} |
(%) |
26.262
|
NA |
NA |
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Return on Investment (ROI)
(PBT/Networth) |
|
0.562
|
NA |
NA |
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Debt Equity Ratio
(Total
Liability/Networth) |
|
1.140
|
NA |
NA |
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|
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Current Ratio
(Current
Asset/Current Liability) |
|
1.432
|
NA |
NA |
LOCAL AGENCY FURTHER
INFORMATION
The concern is in trade terms with :
- Signage
Industries
Subject imports Large Formar Digital Printer,
Inks, Acm Sheet, CNC Machines, Laser Engravers
Projected Turnover for Current Year 2005-06 :
Rs. 205.000 millions
AS PER WBESITE
NEGI SIGN SYSTEMS & SUPPLIES CO. a young & dynamic
company, where you will find the latest state of the art equipments for signs /
graphics, printing / engraving industry.
The Company exclusively represents MUTOH Industries Limited -
Japan for their range of Sign Cutting Plotters, Large Format Inkjet Printers
& Solvent Printers for Outdoor applications & offers its customers a
complete solutions with quality produts & service that will be necessary to
keep ahead of the competition in this rapidly changing world.
NEGI SIGN SYSTEMS & SUPPLIES CO. is the first Company in India to develop a
RIP Software known as NEGI RIP ARTIST Software for large Format Printers. NEGI
RIP software is one of the world fastest RIP Software with ZERO Ripig time,
real time color calibration, supports ICC profiles, inkcontrolfunctions ....
& can run all available printers in the market.
NEGI sucessfully launches MUTOH - TOUCAN the Super Wide Format
Printer for Outdoor & Indoor Applicatons. Size : 64 inches & 87 inches
Negi Sign Systems is ready to storm the Indian market with the
latest MUTOH - TOUCAN. The MUTOH - TOUCAN prints at a max. speed of 864
Sq.ft./hr. (87 ") & 410 Sq.ft./hr. (64"). The printer is equipped
with the "SPECTRA" Heads (128 & 256 nozzles), wqhich are
considered to be the best and most reliable than other prnting heads. The MUTOH
- TOUCAN can print at high resolution @ 720 dpi. The MUTOH - TOUCAN 87" is
a 6 color printer.
The MUTOH - TOUCAN printers are guaranted for 2 years outdoor life
without Lamination in indian Conditions.
Other MUTOH Printers are the new FALCON - II RJ 8000 high resolutions
printers.(50 / 62 / 87 inches). Its a color printer with max resolution upto
2880 dpi, ideal for High Resolution Graphics POsters, Displays, Backlit Signs,
Translites...etc.
Negi Sign
Systems has also introduced the TROTEC Laser Engravers. They are ideal for
engraving on Wood, Acrylic, Rubber, Plastics...... etc.
PRODUCTS :
- Apprel
Plotters
- Mutoh
Toucan
- Engraving
Systems
- Color
Printer
- Software
- Cutting
Plotters
Casmate :
CASMATE
The CASMATE family offers various levels of
features to best suit any signmaking need. Available in Windows or Macintosh
platforms, this product line gives users absolutely unbeatable scanning,
super-powerful editing, unlimited text options, creative bitmap editing;
engravers’ toolkit with autolayout, rulers/dials, Braille; color vectorization,
dimensions; backup/restore.
Features &
Advantages
CASmate Pro:
Create signs that sell with the complete
software for signmakers. Includes graphic design, import/export tools, raster
editing and hundreds of fonts. CASmate Pro includes ScanVec’s outstanding
scanning and vectorization and supports hundreds of plotters.
CASmate Basic:
Get the basics in this entry-level design/production program:
scanning, high-resolution fonts, unlimited lettering capabilities, bitmap
editing, plotting, printing.
CASmate Cut: Import any design
software including CorelDRAW!™, MACROMEDIA®, FreeHand®, Adobe Illustrator™ or
other graphics programs into this affordable plotting program and output to
virtually any vinyl cutter.
CASmate ColorPro: A full-function PostScript* level 2 RIP,
ColorPro adds large format color printing to the CASmate family.
* JAWS 5D level 2 compatible RIP
PrintShop Professional: Compete with the big
players! Pro Level combines the full features of CASmate-Pro scanning,
unlimited text capabilities, bitmap editing, plotting, printing,
centerline/outline vectorization, color vectorization, dimensioning and
autolayout with the PostScript* Level 2 compatible RIP and color capabilities
of CASmate ColorPro, and utilities to streamline your workload: backup/restore;
font utility; techinfo.
*JAWS 5D Level 2 compatible RIP
PrintShop
Entry:
This basic program combines the precision scanning of CASmate Scan, with the
PostScript* Level 2 compatible RIP and color capabilities of CASmate ColorPro.
*JAWS 5D Level
2 compatible
EnRoute produces high-quality engraving/routing
jobs. Import virtually any graphics design from popular CAD/ DTP/ CAS programs,
prepare it for production and then output to any engraver, router and NC
machines. EnRoute makes the preparation of engraving and routing jobs easier,
quicker and more accurate by automatically applying appropriate toolpaths
according to your specifications. This family offers a direct path between
CASmate, computer aided design or desktop publishing programs and NC machines.
Features &
Advantages
EnRoute Pro: EnRoute Pro is a
professional production software solution that lets you create toolpaths for
engraving machines, routers, CNC machining centers. Import artwork from
Inspire, CASmate or other CAD and design packages either directly or via HPGL
format. Transforms your design into machine toolpaths to create engraved items,
routing offsets, carved and 3D surfaces.
EnRoute 3D: Create 3D engraved paths
from files imported from SCV, HPGL, DXF or G-code files. Includes routing,
milling tool offset, toolpath verification, drill functions and 3D toolpath
technology. Output to hundreds of machines in HPGL, ISO G-code or special
formats.
EnRoute 2D:
Create
beautiful 2D engraving and routing jobs. Includes routing, milling tool offset,
toolpath verification, drill functions.
Product Specification
Windows
EnRoute Required Recommended
Processor Pentium 200 MHz Pentium 350 MHz or
faster
RAM 64 MB RAM (128 MB w/RIP) 128 MB RAM (196 MB
w/RIP)
Working Disk Space 1 GB Free Disk Space 1 GB Free Disk Space or
Larger
Operating System Windows 95/98/NT/2000
(Windows NT requires
Internet Explorer 4 or greater) Windows 95/98/NT/2000
(Windows NT requires
Internet Explorer 4 or greater)
Resolution 800 x 600 with 16 bit
color
(thousands of colors) 800 x 600 with 16 bit color
(thousands of colors)
Other LPT or USB Port for
security device LPT or USB Port for
security device
Driver Specifications:
ABCAPPII
Apprenticell
Acs
P Board
Anderson
AXYZ
All
models
CamTech
Ccutters
AccuCut2D
AccuCut2Head
AccuCut3D
Cielle
Alfa1610
Alfa3022
Beta3035
Beta5035
Beta6545
Delta10070
Gamma6060
Gamma6080
Cincimill
Clevlend
System80
Concept
2000
Cybersgn
Dahlgren
2DnoArcs
2DwithArcs
3DnoArcs
3DwithArcs
Delmac
Carousel
Magazine
Standard
Dtmaq
2D
3D
NoDepth
DXF3D
ESAB
Signmate1000
Signmate1000Plasma
Extra
2D
3D
Fagor
+FagorLaser
Fanuc
Flexicam
D
3D
NoDepth
Gerber
AR400
AR48X27
AR600
D200
Sabre404
Sabre408
Gravograph
2DNoArcs
3DNoArcs
Hendrick
Manual
TC
Generic HPGL
2DnoArcs
2DwithArcs
3DnoArcs
3DwithArcs
Komo
LmiLsr
LTEC
UCNC 7Controller
Magnum
GS
Masterwood
Technos Controller
Meca
3D Rel
Meldas
Messer
Laser
Plasma
Router
Mimaki
500-2D
500D-mode100
ME-300
ME-650
ME500
Gcode
Motion
Master
MultiCam
2D
3D
NoDepth
Gcode
Nee
AMC-2D
AMC-3D
Newinghall
APX1TLC2D
APX1TLC3D
APX3TLC2D
APX3TLC3D
APX4TLC2D
APX4TLC3D
APX6TLC2D
APX6TLC3D
APX7TLC2D
APX7TLC3D
MillGrave
NrthWood
Omnicad
Precix30002D
Precix300003D
Precix500002D
Precix500003D
OnTap PacerH
Hpgl
Gcode
Portatec
2D-Fraese
3D-Fraese
Precison
PA1000
Precix
11100
13100
5100
9100
PreLaser
Precision
Laser
Reichenb
Arc
Roland
PNC2100
PNC2200
PNC2300-2D
PNC2300-3D
PNC2500
PNC2700ME
PNC300
PNC3100
Rye
Quantom
Sei
2D-HPGL
3D-HPGL
3D-SEI-FORMAT
SEI-LASER
Shoda
Sim810
Strucom
Thecno
2D
3D
Tekcel
Kseries THM9100
Vision
1212-2D
1212-3D
1224-2D
1224-3D
1612-2D
1612-3D
1624-2D
1624-3D
2424-2D
2424-3D
2448-2D
2448-3D
5252-2D
5252-3D
Vytek
2DController
3DController
VyteckGCD
VytekLsr
Zünd
M-1200-2D
M-1200-3D
M-1600-2D
M-1200-3D
M-800-2D
M-800-3D
P-1200-2D
P-1200-3D
P-2000-2D
P-2000-3D
P-700-2D
P-700-3D
Machines Shops :
The MachineShop
family bundles Flexi® design software with EnRoute® production software.
Design and produce all the machining, routing and engraving jobs you’ve ever
wanted to create. Create handcarved looks, engraved signs, awards and trophies,
stamps, embossing dies, injection molds and engraved panel decorations for
wood.
Features &
Advantages
MachineShop Pro
Includes FlexiEXPERT,
EnRoute Pro with Nesting enabled.
MachineShop Intermediate
Includes FlexiEXPERT and
EnRoute 3D (Engrave).
MachineShop Entry
This perfect entry-level
solution includes FlexiSIGN and EnRoute 2D.
Product
Specification
Windows
EnRoute Required Recommended
Processor Pentium 200 MHz Pentium 350 MHz or
faster
RAM 64 MB RAM (128 MB w/RIP) 128 MB RAM (196 MB
w/RIP)
Working Disk Space 1 GB Free Disk Space 1 GB Free Disk Space or
Larger
Operating System Windows 95/98/NT
(Windows NT requires
Internet Explorer 4 or greater) Windows 95/98/NT
(Windows NT requires
Internet Explorer 4 or greater)
Resolution 800 x 600 with 16 bit
color
(thousands of colors) 800 x 600 with 16 bit color
(thousands of colors)
Other LPT or USB Port for
security device LPT or USB Port for
security device
Inspire2.0
Inspire 2.0The new generation in
signmaking software, Inspire offers users a totally different approach to
designing and producing signs.
Inspire is a software product that will truly meet the needs of the signmaking
community. All products are engineered with object-oriented programming and
includes Design Manager for user-friendly designing and editing, smart editing,
vinyl cutting, large format printing and many, many more productivity
enhancements.
Inspire Pro:
Inspire Sign Pro is designed and
engineered to be the total solution for any signmaking business. It features
OLE, advanced bitmap filters and editing, and all special effects, along with
full vinyl cutting and color printing features including Adobe® PostScript® 3,
ICC color profiles, and vinyl color libraries. It includes direct drivers for
popular inkjet, thermal transfer and print/cut devices, as well as vinyl
cutters.
Inspire Expert with or
without Rip
This mid-level product is packaged for the
professional signmaker who requires advanced vinyl cutting tools, but doesn’t
need all the advanced color printing features. Inspire Expert includes full
design, scanning, and tracing functions, along with special effects, vinyl
cutting.
Inspire Sign
Inspire Sign, the signmaking
software of choice, offers all of the necessities for any sign business.
Included in this complete design and cutting program are such features as
import/export files, scanning and grayscale tracing, full text manipulation,
vinyl libraries, multiple undos and redos, drag and drop color and stroke
support. It also includes direct drivers for the industry’s popular cutters and
plotters
Inspire Letter
Inspire Letter, the entry-level
solution for vinyl signmaking, offers powerful Import / export filters with
high capabilities Text feature.
Inspire Designer
Inspire Designer, offers a low cost additional design station for
Inspire Sign Pro and Inspire Expert users.
Accuprint
AccuPrint is a professional, easy-to-use, multifunctional
solution for the digital large-format printing and the screen printing markets.
AccuPrint is a PostScript Level 3 RIP* that produces photo-realistic printed
images in a cost effective, versatile production package. AccuPrint's print
server works on PC and Mac client/server configurations.
The product features unique plug-ins to print directly from
popular graphic design applications Photoshop®, QuarkXpress™, Freehand® and
Illustrator® for the Mac and Photoshop™ and CorelDRAW™ Plug-ins for the PC. The
AccuPrint client also includes a job layout application with raster editing
capabilities, text and total print control.
Features
& Advantages
·
AccuPrint Server (Mac, PC and PC/Mac clients)
A networkable RIP solution that includes front-end support
for both PC and Mac design stations and a PC/Mac server.
The AccuPrint RIP server provides high
productivity tools for the production environment. The AccuPrint Server runs on
a PC (either Windows NT or Windows 95/98/00), or on MAC (O/S 7.5.3 and above).
The PC server receives files from networked MAC and/ or PC clients and the Mac
server receives files from networked Mac clients.
AccuPrint Server Includes plug-ins for
Photoshop®, QuarkXpress™, Freehand®, Illustrator® and CorelDRAW™. It is a
high-level solution for all types of large format color printing. Mac
communications are efficient with the Axis Ethernet to parallel communications
device.
Personal AccuPrint (Mac or PC):
A single station RIP solution that includes plug-ins for
Photoshop®, QuarkXpress™, Freehand®, Illustrator® and CorelDRAW™.
It is ideal for the small graphics studio,
retail operations or sign shop. Mac communications are efficient with the Axis
Ethernet to parallel communications device.
Personal AccuPrint Cut (Mac or PC):
A single station RIP solution for Mac or PC design stations.
Includes plug-ins for Photoshop®, QuarkXpress™, Freehand®, Illustrator® and
CorelDRAW™. Also includes a cut feature for popular print and cut machines.
Product
Specification
|
Windows |
||
|
AccuPrint |
Required |
Recommended |
|
Processor |
Pentium 200 MHz |
Pentium 350 MHz or faster |
|
RAM |
64 MB RAM (128 MB w/RIP) |
128 MB RAM (196 MB w/RIP) |
|
Working Disk Space |
1 GB Free Disk Space |
1 GB Free Disk Space or Larger |
|
Operating System |
Windows 95/98/NT/2000 |
Windows 95/98/NT/2000 |
|
Resolution |
800 x 600 with 16 bit color |
800 x 600 with 16 bit color |
|
Other |
LPT or USB Port for |
LPT or USB Port for |
|
|
|
|
|
Macintosh |
||
|
AccuPrint |
Required |
Recommended |
|
Processor |
Power PC 166 |
G3 or G4 300MHz or faster |
|
RAM |
96 MB RAM |
128 MB RAM |
|
Working Disk Space |
1 GB Free Disk Space |
1 GB Free Disk Space or Larger |
|
Operating System |
Mac OS 8.x or 9.x |
Mac OS 8.x or 9.x |
|
Resolution |
800 x 600 with 16 bit color |
800 x 600 with 16 bit color |
|
Software |
Apperance manager |
Apperance manager |
|
Other |
ADB or USB Port for |
ADB or USB Port for |
CMT REPORT [Corruption, Money laundering &
Terrorism]
The Public Notice information has been collected
from various sources including but not limited to: The Courts, India
Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No records exist designating subject or any of its beneficial
owners, controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court
Declaration :
No records exist to
suggest that subject is or was the subject of any formal or informal
allegations, prosecutions or other official proceeding for making any
prohibited payments or other improper payments to government officials for
engaging in prohibited transactions or with designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the
subject are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges
or conviction registered against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges
or investigation registered against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges
or investigation registered against subject: None
7] Criminal
Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation
with Government :
No
record exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation
Package :
Our
market survey revealed that the amount of compensation sought by the subject is
fair and reasonable and comparable to compensation paid to others for similar
services.
10] Press
Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do
provide comments on Corporate Governance to identify management and governance.
These factors often have been predictive and in some cases have created
vulnerabilities to credit deterioration.
Our Governance Assessment focuses principally on
the interactions between a company’s management, its Board of Directors,
Shareholders and other financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any
existing local laws, regulations or policies that prohibit, restrict or
otherwise affect the terms and conditions that could be included in the
agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.12 |
|
UK Pound |
1 |
Rs.87.01 |
|
Euro |
1 |
Rs.57.15 |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
This score serves as a reference to assess SC’s credit risk and to
set the amount of credit to be extended. It is calculated from a composite of
weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING
|
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 |