MIRA
INFORM REPORT
|
Report Date : |
10.02.2007 |
IDENTIFICATION
DETAILS
|
Correct Name : |
BEEKAY
ENGINEERING CORPORATION |
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Registered Office : |
45/47,
Industrial Estate, Bhillai-490026, Chndigarh |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
11.06.1969 |
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Com. Reg. No.: |
D/S-20/R-12145/E-17 dated November 15, 1983 |
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IEC No.: |
1188004026 dated June 21, 1988 |
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PAN No.: [Permanent
Account No.] |
AADFB7198M |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
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Line of Business : |
Manufacturers
of Engineering Equipments for Steel Plants, Power Plants, Cement Industry,
Railways and ONGC |
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
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 concern having satisfactory track. Trade relations are
fair. Payments are usually correct and as per commitment. The
concern can be considered good for normal business dealings at usual trade
terms and conditions. |
LOCATIONS
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Registered/
Head Office/ Factory : |
45/47, Industrial Estate, Bhillai 490 026
Chattisgarh |
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Tel.
No.: |
91-788-2282571 to 2282576 |
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Fax
No.: |
91-788-2282578, 2282579 |
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E-Mail
: |
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Website : |
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Area : |
16 Acre (64,749.70 sq meters) |
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Location : |
Owned |
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Corporate
Office 1: |
813 to 814, E-Block, International Trade Tower,
Nehru Place, New Delhi 110 019, India |
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Tel.
No.: |
91-11-26423911/ 12, 4160 8688 to 90 |
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Fax
No.: |
91-11-26447486 |
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E-Mail
: |
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Location : |
Commercial |
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Corporate
Office 2: |
Mumbai 6D, Vikas Centre, First Floor, 104 S V Road,
Santacruz (W), Mumbai 400 054, Maharashtra, India |
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Tel.
No.: |
91-22-26614011, 26613351 |
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Fax
No.: |
91-22-26615300 |
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E-Mail
: |
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Location : |
Commercial |
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Corporate
Office 3: |
Kolkata Flat No. 14-B, Chowringhee Mansion, First Floor,
30 Jawaharlal Nehru Road, Kolkata 700 016, West Bengal, India |
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Tel.
No.: |
91-33-22297512, 22298192 |
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Fax
No.: |
91-33-2295185 |
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E-Mail
: |
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Location : |
Commercial |
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Branches
: |
Located at : Bokarao, Rourkela, Visakhapatnam, Bellary,
Raigarh, Angool, Orissa, Durgapur in India |
PARTNERS
|
Name : |
Mr Kuldeep Kumar Gupta |
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Designation : |
Partner |
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Address : |
107
Sainik Farms, Khanpur, New Delhi 110 062 |
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Date of Birth/Age : |
68
Years |
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Qualification : |
Graduate |
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Experience : |
48
Years |
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Name : |
Mr
Kulbir Singh |
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Designation : |
Partner |
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Address : |
C-4/43
Safdarjung Development Area, New Delhi 110 016 |
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Date of Birth/Age : |
66
Years |
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Qualification : |
Graduate |
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Experience : |
36
Years |
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Name : |
Mr
Vijay Kumar Gupta |
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Designation : |
Partner |
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Address : |
53
Motilal Nehru Nagar, Bhilai, Chattisgarh |
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Date of Birth/Age : |
60
Years |
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Qualification : |
Graduate |
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Experience : |
35
Years |
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Name : |
Mr
Manish Kumar Gupta |
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Designation : |
Partner |
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Address : |
53
Motilal Nehru Nagar, Bhilai, Chattisgarh |
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Date of Birth/Age : |
40
Years |
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Qualification : |
Graduate |
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Experience : |
15
Years |
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Name : |
Mr
Anil Kumar |
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Designation : |
Partner |
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Address : |
53
Motilal Nehru Nagar, Bhilai, Chattisgarh |
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Date of Birth/Age : |
58
Years |
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Qualification : |
Graduate |
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Experience : |
30
Years |
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Name : |
Mr
Yashvir Bansal |
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Designation : |
Partner |
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Address : |
42/3
Nehru Nagar, Bhilai, Chattisgarh |
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Date of Birth/Age : |
55
Years |
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Qualification : |
Graduate |
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Experience : |
30
Years |
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Name : |
Mrs
Meena Gupta |
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Designation : |
Partner |
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Address : |
53
Motilal Nehru Nagar, Bhilai, Chattisgarh |
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Date of Birth/Age : |
50
Years |
KEY EXECUTIVES
|
Name
: |
Mr S G Mani Chartered Accountant |
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Designation
: |
Administrative Incharge and looking after
Finance & administrative activities |
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Mobile
No.: |
91-9826704531 |
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E-Mail
: |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Engineering Equipments for Steel Plants, Power
Plants, Cement Industry, Railways and ONGC |
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Products : |
Ø Slag
Granulation & Rotary Dehydrator Ø Coal
Charging Car Ø Coke
Quenching Car Ø Quenching
Loco Ø 80/20
E.O.T. Crane Ø Top
Charging Equipment of Blast Furnace Ø Coke
Oven Castings Ø Cooling
Plates and Grids & Columns for Blast Furnaces Ø Distillation
Columns Ø Scrubber
& Coolers for Chemical Plants Ø Material
Handling Equipment Ø Pressure
Vessels Ø Blast
Furnace Equipment Ø Steel
Making/Continuous Casting Equipment Ø Sponge
Iron Equipment Ø Coke
Ovens Equipment Ø Material
Handling Equipment Ø Chemical
Plant Equipment Ø Pressure
Vessels Ø Heat
Exchangers, Condenser Coolers Ø Heating
Coils Ø Storage
Tanks Ø Distillation
Columns Ø Roller
Frames Ø Roll
Tables Ø Rolls Ø Pusher Ø France
Skid System Ø Roll
Choke Ø Bundling
& Binding Unit Ø Slab
Extractor Ø Chain
Conveyor Ø Weigher
Machine Ø Stoppers Ø Side
Shift Cars Ø Cold
Rolling Mill Equipment Ø Work
Roll Changing Device Ø Burchanging
Device Railways Ø Main
Base Ø Casnub
Bogie Ø IR-20
Bogie Ø WDG-2
Bogie Ø Bo-Bo
Bogie Ø 140T
Crane (JIB) |
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Exports to : |
Europe, Africa |
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Imports from : |
Germany, Europe, CIS countries, Singapore, Dubai,
USA, China |
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Terms : |
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Selling : |
On Irrevocable Letter of Credit at sight basis
for international Clients On Credit: 30 to 60 days for domestic customers |
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Purchasing : |
Irrevocable Letter of Credit at sight, direct
remittance |
GENERAL
INFORMATION
|
Customers : |
Ø
Steel
Authority of India Limited (SAIL) Ø
Oil
& Natural Gas Corporation Limited Ø
Rashtriya
Ispat Niagm Ltd., Visakhapatnam, Ø
Indian
Railways Ø
SAIL,
Bhilai Steel Plant Ø
SAIL,
Durgapur Steel Plant Ø
SAIL,
Bokaro Steel Plant Ø
SAIL,
Rourkela Steel Plant Ø
SAIL,
Indian Iron & Steel Co. Ø
SAIL,
Alloy Steel Plant Ø
Mideast
Integrated Steels Limited Ø
Rajinder
Steel Limited Ø
Surya
Sponge Iron Limited Ø
Kudremukh
Iron Ore Company Limited Ø
Konark
Metcoke Company Limited Ø
Jindal
Vijaynagar Steel Limited Ø
Nagpur
Alloys Ø
Nippon
Denro Ispat Ø
Lanco
Industries Limited Ø
Prakash
Industries Limited Ø
Mahindra
Ugine Limited Ø
Mukand
Limited Ø
Malvika
Steel Limited Ø
Otto
India Limited Ø
MECON
(India) Limited Ø
SJK
Steel Company Ø
Usha
Ispat Ø
Indomag
Steel Technology Ø
Hindustan
Zinc Limited Ø
Hindustan
Copper Limited Ø
Birla
Copper Limited Ø
Bharat
Aluminium Company Ø
National
Aluminium Company Ø
Indian
Ordnance Factories Board Ø
Diesel
Locomotive Works Ø
Larsen
& Toubro Limited Ø
Mazagon
Docks Ø
Madhya
Pradesh Electricity Board Ø
Associated
Cement Companies Ø
Cement
Corporation of India Ø
Integral
Coach Factory Ø
Indian
Railways Ø
Tata
Robins Fraser Ø
Instrumentation
Limited Ø
National
Thermal Power Company Ø
UP
State Electricity Board Ø
Raymond
Cement Limited Ø
Modi
Cement Limited |
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Bankers : |
State
Bank of India, Commercial Branch, Bhilai, Chattisgarh IDBI,
Bhilai |
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Facilities : |
It is secured against Hypothecation of Plant & Machinery,
Inventories, Book Debts and hypothecation of title deeds. |
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Banking Relations : |
Satisfactory |
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Auditors : |
M/s K K
Mankeshwar & Co., Chartered Accountants (Mr K M
Deshpande, Partner) |
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Collaboration : |
Ø
CdF
Ingenierie, France (for Coal Briquetting Plants & Coke Oven Technologies) Ø
Sahut
Conreur, France (For Compacting & Briquetting Equipment) Ø
KB-Koksokhimmash,
Ukraine (for Coke Oven Machines) Ø
TOTEM
Company, Russia (For Blast Furnace Rotor Charging System) Ø
Giprokoks,
Ukraine (for Coke Oven Battery Rebuilding & Upgradation) |
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Associates/Subsidiaries : |
BSBK Limited Deemed
Limited Company Site
Construction – (Civil & Structural Steel Engineering, Technological
Structures) Address: BSBK House, Nandani Road,
Bhilai 490 011, Chattisgarh, India Tel.
No.:
91-788-355507, 356135 Fax
No.: 91-788-357307 E-Mail:
bsbk@bom5.vsnl.net.in |
CAPITAL STRUCTURE
|
Capital
Investment : |
|
|
Owned : |
Rs.171.180
millions |
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Borrowed : |
-- |
|
Total : |
Rs.171.180 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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|
SHAREHOLDERS FUNDS |
|
|
|
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1] Partner’s Capital |
|
171.180 |
153.157 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
0.000 |
0.000 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
171.180 |
153.157 |
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LOAN FUNDS |
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1] Secured Loans |
|
81.909 |
34.498 |
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2] Unsecured Loans |
|
66.706 |
63.291 |
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TOTAL BORROWING |
|
148.615 |
97.789 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
|
319.795 |
250.946 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
136.482 |
80.549 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
32.305 |
0.005 |
|
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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Inventories |
|
217.817 |
465.697 |
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Sundry Debtors |
|
165.243 |
186.710 |
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Cash & Bank Balances |
|
73.957 |
56.796 |
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Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
75.790 |
88.818 |
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Total Current Assets |
|
532.807 |
798.021 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
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Current Liabilities |
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|
|
|
|
Provisions |
|
|
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Total Current Liabilities |
|
381.799 |
627.629 |
|
|
Net Current Assets |
|
151.008 |
170.392 |
|
|
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MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
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|
|
|
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TOTAL |
|
319.795 |
250.946 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
Sales Turnover [including other income] |
|
1,989,785 |
2,351,861 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
352,390 |
379,729 |
|
Provision
for Taxation |
|
266,394 |
315,345 |
|
Profit/(Loss)
After Tax |
|
85,996 |
64,384 |
|
|
|
|
|
|
Total
Expenditure |
|
1,604,233 |
1,939,655 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
4.32 |
2.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
21.17 |
20.79 |
|
|
|
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|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
12.26 |
7.33 |
|
|
|
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
50.24 |
42.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.87 |
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.40 |
1.27 |
|
|
|
|
|
|
|
Quick Ratio |
|
|
0.83 |
0.53 |
|
|
|
|
|
|
|
Current Liabilities/Networth |
|
|
2.23 |
4.10 |
|
|
|
|
|
|
|
Fixed Asset / Networth |
|
|
0.80 |
0.53 |
|
|
|
|
|
|
|
Average Collection Days |
|
|
36.23 |
37.31 |
|
|
|
|
|
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Account Receivables Turnover |
|
|
10.07 |
9.78 |
|
|
|
|
|
|
|
Inventory Turnover |
|
|
7.64 |
3.92 |
|
|
|
|
|
|
|
Asset Turnover |
|
|
12.20 |
22.68 |
LOCAL AGENCY
FURTHER INFORMATION
Business dealings are permissible. Also the company is the leading manufacturer
of Equipment for Direct Reduction Sponge Iron Plants in India having supplied
more than 200 such units. The subject company is an ISO 9001:2000 certified
company and is having API QS Registered under API ISO/TS-29001 for
manufacturing equipment for ONGC and other petrochemicals industries with Mono
of API. In addition
to these manufacturing activities, the subject company is undertaking EPC
contracts for modernisation, expansion, revamping, reconstruction, brown field
expansion, green field expansion of Integrated Steel Plants on turnkey basis on
its own and also on consortium arrangement basis with some of the world
renowned technology leaders of Steel The promoters of the company are
professionally qualified and having sound experience in engineering industry.
Ø
Updated technology and
diversified manufacturing range & eco friendly technology
Ø
More than 2500 firms have
ISO-9000 certification
Ø
Exports - US$ 6781 millions
Ø
Major Export items- CNC &
general purpose machine tools, Agriculture machinery
Ø
Major Markets- USA, Germany,
Japan, Hong Kong, UAE, UK, Malaysia
Trade Reference
Ø
Parel
Engineering Ltd.,, UK
Ø
Juaristi
TS Comercial SL, Spain
Ø
Bhilai
Steel Plant, Steel Authority of India, Bhilai
Web
site Details :
Company
Profile
Established 1967, Beekay Engineering Corporation’s strength lies in
manufacturing machinery and executing Turnkey Projects for the Metallurgical,
Mining and other Core Sectors. The Manufacturing division includes facilities
for Grey Iron casting, Fabrication, Machining, Equipment assembly, Heat
treatment, Chemical & Physical testing, Material handling, Quality
assurance and other related manufacturing facilities.
The Project Division has the requisite facilities for EPC i.e. Design,
Engineering, Procurement, Construction and related activities. Numerous Turnkey
Projects have thus been executed from concept to commissioning. It has working
Collaboration with some of the world leaders in Industry like :
.
Ø
CdF
INGENIERIE, FRANCE - For Coal Briquetting Plants & Coke Oven Technologies.
Ø
SAHUT
CONREUR, FRANCE - For Compacting & Briquetting Equipment.
Ø
KB-KOKSOKHIMMASH,
UKRANE - For Coke Oven Machines.
Ø
TOTEM
Company, RUSSIA - For Blast Furnace Rotor Charging System.
Ø
GIPROKOKS,
UKRAINE - For Coke Oven Battery Rebuilding & Upgradation.
Projects
Engineering,
Procurement & Construction
Their
advanced technology projects provide the best solutions and give the best
performance. The expertise and the potential to achieve exceptional goals.
High-Calibre technology and qualified manpower has been reason of their success
in handling turnkey projects for core sector Industries such as Steel, Power,
Mining, Chemical and Heavy Engineering.
.
Bulk
Material Handling and beneficiation Plants for Coal, Coke, Iron Ore Fines,
Slag, Lime Stone,
Sinter, Sinter Fines etc. have been successfully completed including crushers,
screens, feeders,
belt weighers, conveyors, gates, bunkers, hoppers, trippers, stackers,
reclaimers, coal briquetting, etc.
.
Process
Plants installed include Coal Briquetting Plant, Iron Ore Washing, Hydro
blasting and others.
Metallurgical
Plants constructed include fabrication & erection of Blast Furnace and its
auxiliary structures, B.F. Top Charging System, Modification of Stoves, Kiln
& Coolers, etc. These plants are designed according to plans made by
designers of International repute.
.
Projects
Executed
Ø
Major
projects executed include a 600 m3 Blast Furnace at Siltara for NACAST.
Completed in just 16 months, this plant is based on Chinese Technology. Another
350 m3 Blast Furnace is being installed at Tadipatri for SJK Steel.
Ø
Installation
of Primary Crushing & Conveying Plant for SAIL with 2100 TPH Gyratory
Crusher at the Dalli Iron Mines.
Ø
State-of-the-art
Rotor Charging System for Blast Furnace Top Charging at Blast Furnace No.3,
SAIL, Bhilai Steel Plant is the first of its kind in India.
Ø
The
Coal Briquetting Plant at Rourkela Steel Plant in association with Charbonnages
de France.
Ø
Beekay
Engineering Corporation is a supreme demonstration of performance and
reliability in the engineering industry. Exceptional service and stability
makes it a Company that is constantly delivering new strategies, innovation and
technologies.
Group
Companies
BSBK Limited.
BSBK
Limited, one of the leading on site construction companies in the Country has
been undertaking assignments for Civil and Structural Steel Engineering,
Technological Structures, Cross Country Pipelines, Pump Houses, Cooling Towers,
Industrial and Public Buildings, Hospitals and Town ships, etc. On Turnkey
basis for Power, Steel, Mining, Chemical and other core sectors all over the
Country.
.
The
facilities available with the Company are modern construction equipment
including Earthmoving Machinery like Excavators, Dozers, Loaders, Transport
equipment; Road Rollers, Mining Equipment, Automatic concrete batching plants,
Concrete pumps & Transit mixers, Survey equipment, Laboratory testing
machineries, Erection Cranes, Field fabrication facilities, etc.
BSBK
House, Nandani Road,
Bhilai -
490 011 (C.G.)
India.
Telephone: 91-788-355507,356135
FAX:
91-788-357307
E-mail:bsbk@bom5.vsnl.net.in
Beekay
Engineering & Castings Limited specialises in Steel castings and
Manufacturer of special equipment. This is an ISO 9002 accredited Company
having major part of its products being exported to USA, Europe and Africa.
The
modern facilities include programmable logic controlled Boxless Resin bonded
fast loop moulding line which gives excellent surface finish to the product,
reclamation plant for Resin sand, heat treatment, quenching and shot blasting
& machine shop. The Company can produce castings of various sizes upto 8T
weight having capacity to cast 10,000 MT annually, through two Induction
Furnaces and 5 MT Arc Furnace.
It also
owns a steel-manufacturing unit in Zambia, called Scaw Limited, which is one of
the largest Foundry in Central Africa and the only one in Zambia. It
specialises in various types of steel castings and Allied Products.
Beekay Engineering & Casting Limited
26-28,
Light Industrial Area,
Bhilai.
490026. (C.G.)
India.
Phone: 91-788-381448,381449
FAX:
91-788-381237
E-Mail: becl@bom6.vsnl.net.in
Clients
Iron & Steel Sector
Ø
SAIL,
Bhilai Steel Plant
Ø
SAIL,
Durgapur Steel Plant
Ø
SAIL,
Bokaro Steel Plant
Ø
SAIL,
Rourkela Steel Plant
Ø
SAIL,
Indian Iron & Steel Co.
Ø
SAIL,
Alloy Steel Plant
Ø
Mideast
Integrated Steels Limited
Ø
Rajinder
Steel Limited
Ø
Surya
Sponge Iron Limited
Ø
Kudremukh
Iron Ore Company Limited
Ø
Konark
Metcoke Company Limited
Ø
Jindal
Vijaynagar Steel Limited
Ø
Nagpur
Alloys
Ø
Nippon
Denro Ispat
Ø
Lanco
Industries Limited
Ø
Prakash
Industries Limited
Ø
Mahindra
Ugine Limited
Ø
Mukand
Limited
Ø
Malvika
Steel Limited
Ø
Otto
India Limited
Ø
MECON
(India) Limited
Ø
SJK
Steel Company
Ø
Usha
Ispat
Ø
Indomag
Steel Technology
Non-Ferrous Sector
Ø
Hindustan
Zinc Limited
Ø
Hindustan
Copper Limited
Ø
Birla
Copper Limited
Ø
Bharat
Aluminium Company
Ø
National
Aluminium Company
Others
Ø
Indian
Ordnance Factories Board
Ø
Diesel
Locomotive Works
Ø
Larsen
& Toubro Limited
Ø
Mazagon
Docks
Ø
Madhya
Pradesh Electricity Board
Ø
Associated
Cement Companies
Ø
Cement
Corporation of India
Ø
Integral
Coach Factory
Ø
Indian
Railways
Ø
Tata
Robins Fraser
Ø
Instrumentation
Limited
Ø
National
Thermal Power Company
Ø
UP
State Electricity Board
Ø
Raymond
Cement Limited
Ø
Modi
Cement Limited
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.44.82 |
|
UK
Pound |
1 |
Rs.87.89 |
|
Euro |
1 |
Rs.59.39 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|