MIRA INFORM REPORT
|
Report Date : |
16.02.2007 |
IDENTIFICATION DETAILS
|
Name : |
NUETECH SOLAR SYSTEMS
PRIVATE LIMITED |
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Registered Office : |
No.5,
B. M. Shankarappa Industrial Estate, Sunkadakkatte, Bangalore – 560091,
Karnataka, India |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
12/03/2002 |
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Com. Reg. No.: |
08-30228 |
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CIN No.: [Company Identification No.] |
U31909KA2002PTC030228 |
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TAN No.: [Tax Deduction & Collection Account No.] |
BLRN02033D |
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Legal Form : |
Private
limited liability company |
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Line of Business : |
Manufacturers
and importers of different kinds of solar water heaters (with approvals from
bureau of India Standards, Ireda 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 |
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Maximum Credit Limit : |
USD 20000 |
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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. Directors are
reported as experienced and respectable businessmen. Trade relations are
reported as fair. Business is active. Payments are reported as usually
correct and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office /
Factory : |
No.5,
B. M. Shankarappa Industrial Estate, Sunkadakkatte, Bangalore – 560091,
Karnataka, India |
|
Tel. No.: |
91-80-23483766/23481905/
65981441/ 47/ 23356789 |
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Fax No.: |
91-80-23281730/
23115802 |
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E-Mail : |
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Area : |
6000 sq. fts. – Leased |
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Factory : |
Magadi
Road, Sunkadakatte, Viswaneedam Post, Bangalore-560091, Karnataka |
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Head Office : |
391/32,
2nd Floor, 12th Main, 6th Block, Dr.
Rajkumar Road, Rajajinagar, Bangalore – 560010, Karnataka, India |
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Tel. No.: |
91-80-23356789/23351163 |
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Mobile : |
91-9845141327 |
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Fax No.: |
91-80-23115802 |
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E-Mail : |
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Website : |
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Area : |
1500
sq. fts – Leased (shared with group/
sister company) |
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Factory 2 : |
At
Peenay Industrial Estate, Bangalore |
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Area : |
3200
Sq. fts. – Owned |
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Branches : |
Mysore,
Hassan, Chikkamagalur, Hubli, Raichur and Shimoga |
DIRECTORS
|
Name : |
Mr.
K. R. Surendra Kumar |
|
Designation : |
Whole
time Director |
|
Address : |
Jyesta
No.132, 3rd B, Main Nagarabhavi, 7th Block, 2nd
Stage, Bangalore-560079, Karnataka |
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Date of Birth : |
18.10.1966 |
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Date of Appointment : |
12.03.2002 |
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|
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Name : |
Mr.
B. Prakash |
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Designation : |
Whole
Time Director |
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Address : |
No.643,
2nd A Main, 11th Block, Nagarabhavi, 2nd
Stage, Bangalore-560079, Karnataka |
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Date of Birth : |
01.07.1961 |
|
Date of Appointment : |
12.03.2002 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
|
No. of shares |
|
Mr.
K. R. Surendra Kumar |
|
8000 |
|
B. Prakash |
|
8000 |
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Total |
|
16000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
and importers of different kinds of solar water heaters (with approvals from
bureau of India Standards, Ireda etc.) |
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Imports from : |
China
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Terms : |
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Selling : |
Credit
(30/60 days) |
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Purchasing : |
L/C
at sight + Advance Payments and Credit (90 days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
70 |
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Bankers : |
Canara
Bank No.628/629,
Rajajinagar 3rd Block, Bangalore – 560010, Karnataka |
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Facilities : |
Cash
Credit limit : Rs. 1.500 millions from bank as Over Draft limit |
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Banking Relations : |
Satisfactory |
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Auditors : |
Dhananjay
G Hegde Chartered
Accountant, 47/1,
Ground Floor, 4th Cross, Malleshwaram, Bangalore-560003,
Karnataka, |
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Associates : |
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CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity
Shares |
Rs. 100/- each |
Rs. 0.100 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity
Shares |
Rs. 100/- each |
Rs. 0.100 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
|
0.900 |
0.900 |
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3] Reserves & Surplus |
|
2.484 |
0.620 |
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NETWORTH
|
|
3.384 |
1.520 |
|
|
LOAN FUNDS |
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|
|
1] Secured Loans |
|
2.126 |
2.537 |
|
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2] Unsecured Loans |
|
2.279 |
3.121 |
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TOTAL
BORROWING
|
|
4.405 |
5.658 |
|
|
DEFERRED TAX LIABILITIES |
|
0.066 |
0.067 |
|
|
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|
|
|
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TOTAL
|
|
7.855 |
7.245 |
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APPLICATION OF FUNDS
|
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|
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FIXED ASSETS [Net Block]
|
|
2.624 |
2.615 |
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Capital work-in-progress
|
|
0.000 |
0.000 |
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INVESTMENT
|
|
0.000 |
0.000 |
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DEFERREX TAX ASSETS
|
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
|
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Inventories
|
|
5.681 |
0.954 |
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Sundry Debtors
|
|
12.403 |
8.962 |
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Cash and Bank Balances
|
|
0.837 |
1.190 |
|
|
Loans & Advances
|
|
2.432 |
3.244 |
Total Current Assets
|
|
21.353 |
14.350 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
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Current Liabilities
|
|
15.145 |
9.473 |
|
|
Provisions
|
|
1.052 |
0.346 |
Total Current Liabilities
|
|
16.197 |
9.819 |
|
Net Current
Assets
|
|
5.156 |
4.531 |
|
|
|
|
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|
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MISCELLANEOUS EXPENSES
|
|
0.075 |
0.099 |
|
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TOTAL
|
|
7.855 |
7.245 |
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KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
PAT / Total Income
|
(%)
|
|
NA |
NA |
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Net Profit Margin
(PBT/Sales) |
(%) |
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NA |
NA |
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Return on Total Assets
(PBT/Total Assets} |
(%) |
|
NA |
NA |
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Return on Investment (ROI)
(PBT/Networth) |
|
|
NA |
NA |
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Debt Equity Ratio
(Total Liability/Networth) |
|
|
6.09 |
10.18 |
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Current Ratio
(Current Asset/Current
Liability) |
|
|
1.32 |
1.46 |
LOCAL AGENCY FURTHER INFORMATION
Form 8 Particular for creation or modification of
charges
|
Corporation identity number or foreign company
registrations number of the company |
U31909KA2002PTC030228 |
|
Name of the company |
NUETECH
SOLAR SYSTEMS PRIVATE LIMITED |
|
Address |
Magadi
Road, Sunkadakatte, Viswaneedam Post, Bangalore-560091, Karnataka |
|
This Form is for |
Creation of Charge |
|
Type of Charges |
Immovable property |
|
Particular of the charge holder |
Canara
Bank No.628/629, Rajajinagar 3rd Block,
Bangalore – 560010, Karnataka E-Mail : tr_jairam@vsnl.net |
|
Nature or description of the instrument creating
charge |
Letter evidencing deposit of title
deeds |
|
Date of the instrument creating charge |
08.11.2006 |
|
Amount Secure by the charge |
Rs.7.000 millions |
|
Brief of the principal terms and conditions and extent and
operation of the charge |
Rate of interest : 11.25% p.a. Terms of repayment : Running account repayable on
demand, subject to annual review. Margin : 40% on book debts; 25% on paid
stocks Extent and operation of the charge
The charge on the properties being
charged herein shall operate to the extent of Rs.7.000 millions plus
interest, commission, costs, expenses and other charges thereon. |
|
Particulars of the Property charged |
First charge by way of equitable
mortgage of company’s immovable property together with all buildings, structures,
fixtures etc. standing/installed thereon and to be erected/installed and put
up in future bearing No.C-450, I Cross, I Stage, Peenya Industrial Area
(PIA), Yeshwanthpur, Bangalore measuring 172.14 Sq. mtrs. bounded on the
north by shed No.C-449, South by I Cross Road; East by Police Station; West
by Road. |
Subject
was incorporated on 12.03.2002 and took over the partnership fir, of “NUETECH
SYSTEMS” established in 1992 by same ownership/management (Take-over effected
from 1st April 2003)
AS PER WEBSITE
Company
Subject is a reputed manufacturer of
solar water heating systems for domestic and industrial applications since
1992, consists of highly spirited team of engineers and employees.
Subject is one of the
leading brands of solar water heaters in India. Subject is known for its
efficiency, quality, reliability and strong customer support.
Vision
To provide the best quality production and
after sales service to their customers. Their main motto is quality and
customer satisfaction. NUETECH came in to existence with the main intention of
joining their hands in world common interest for conservation of energy and use
of renewable solar energy in their day-to-day life. The company strongly stands
for quality, reliability, honesty and punctuality.
Manufacturing Plant
The manufacturing plant is situated in
Bangalore, the Silicon Valley of India. The factory is located at Sunkadakatte
Industrial area with well equipped manufacturing plant based on modern
technology. Company has 150 committed employees in manufacturing quality
control, design, marketing sales and services. The company provides an ideal
working environment for the employees with team spirit.
After Sales Support
Sales and service centers located in all major
districts in South India and dealer network spread across the country. Company
offers prompt, economical and reliable service from their authorized service
centers under the "service within 24 hours" policy.
Exports
International quality products are currently
being exported to south Asian countries. The award of ISO 9001-2000 will
provide future boost to exports.
THEIR RANGE OF PRODUCTS
Nuetech's
innovative designs have developed solar water heater products which are the
best solutions for hot water needs. Nuetech's products with advanced technical
features are very efficient and environmental friendly.
- Deluxe
PC Model
- Deluxe SS Model
- Hardbelt Model
- Vacuum Tube Collectors
- Golden Sun Model
- Instant Gas Water Heater
QUALITY
Quality
Policy
The top management of Nuetech
Systems is committed to providing innovative solutions, to attract and retain
customers, to excel in fulfilling the expectations of customers, employees and
vendors by offering best value propositions through continuous improvement.
Certification/Awards
v
ISO 9001-2000 Certification from BVQI
v
ISI Certification by Bureau of Indian Standards
(BIS)
v
Winners of Rashtriya Rattan Award in 2002 by
the Global Economic Council, New Delhi
v
Nethaji Subash Chandra Award in 2003
v
DGS & D
Certification, Government of India
Testing Certifications
Products are tested and
approved by Solar Energy Testing Centre, Madurai Kamaraj University, Tamil Nadu
State, India and Certified Best Solar Collector in industry for excellent
performance.
Approved by Ministry of Non-conventional
Energy Source (MNES), Govt. of India.
Mr. B. Prakash,
Director receiving The Rashtriya Rattan Award from
Global Economic Council, New Delhi on behalf of Nuetech Solar Systems Private Limited.
FAQ
What is a solar water
heating system?
A Solar Water Heating System is one of the widely used
solar system by which they get hot water with the help of solar radiation for
domestic, industrial application etc. It converts Solar Energy into Thermal
Energy and can replace any type of conventional heating system / fuel for
thermal application like water heating, air heating etc.
Where can they use solar
water heating system?
Home, Hotel industries, Educational
Institutions, Hostels, Hospitals, Dairy Industries, Canteens, Boiler
pre-heating application etc. Wherever they need hot water for any application
like bathing, vessels cleaning, drinking, cooking etc
They can use this system
without any fuel cost. The solar water heating systems are also used in the
process industries where the boiler supplies low pressure steam. Solar water
heating systems are generally used as an excellent energy conservation and
energy efficiency equipment by supplying hot water at 80 digs. to boiler at
pre-heater stage.
How Nuetech solar water
heater is the feasible investment?
Investment on solar water heater is 'once
investment long benefit'. One 100 ltrs. hot water can bath 4-5 members family,
with boiling hot water from 25OC to average 60OC. 100
ltrs Electric heaters consume 5 KWH of electricity. Investment on solar water
heater will be got back within 2 years by saving electricity bill if one
household income consumes 40% electricity through 2 KW electric water heaters.
If solar water heater system is installed, they can save up to 40% electricity
and also money. No maintenance cost on electricity or any fuels.
Payback
period :
2-3
years when electricity is replaced
4-5
years when furnace oil is replaced
6-7
years when coal is replaced
A
100 ltrs. capacity Solar Water Heater can replace an electric geyser for
residential use and saves 1500 units of electricity annually.
One
100 ltrs. capacity can prevent emission of 1.5 tonnes of Carbon Di Oxide per
year.
The
use of 1000 Solar Water Heater of 100 ltrs. capacity each can contribute to
peak load saving of 1 MW.
The
use of 1000 SWH of 100 Ltrs capacity each can contribute to peak load saving of
1MW. Nuetech solar water heater is the best solution for hot water needs. Solar
water heating systems are found to be the most reliable, durable and are backed
up by longest warranty period of all other solar other solar energy devices.
Solar water heaters are known to have the fastest repayment of investment.
Are Nuetech Solar Water
Heaters environmental friendly ?
Solar Water Heater is
environmentally safe, conserves resource and reduce the air pollution, which
causes acid rain, the "greenhouse effect" and respiratory health
problems. One 100 ltrs capacity can prevent emission of 1.5 tonnes of carbon
Dioxide per year.
Is there any government
incentive, soft loan, subsidy available ?
100 % Depreciation in the
First year itself.
Rebate on electricity Bill
from KPTCL government of Karnataka, India
Ministry of Non
Conventional Energy Sources (MNES) Government of India, is providing Interest
Subsidy to promote the solar water heating systems through few Nationalized
Banks so that end users/ customers can take soft loan at lesser interest rate.
@5% simple interest, Payable 60 monthly installments.
Apart from the above, few
states are in India made mandatory for certain buildings, government buildings
etc. to use solar water heating systems.
How do they get hot water
even on cloudy days ?
All Nuetech units have an auxiliary electric
element with an adjustable thermostat to ensure your hot water supply in cloudy
days.
How does Nuetech solar
water units secure more hot water in early morning and winter ?
The strong polyurethane / rockwool insulation
100 mm thickness with high density guarantees the consumer more hot water for
use when the temperature outside is 25 degree centigrade.
Will hard water effect the
water heater performance in Nuetech solar water heaters?
Hard water results in formation of scale
deposit on inside copper tubes in solar flat plate collectors. The result will
be reduction of heat transfer through the layers of scale deposits.
Nuetech
innovative product "Hard belt", heat exchanger systems is the
solution for this. Also Nuetech provide Indian activated sacrificial anode
erected in storage tank to protect system from hard water in Deluxe PC and SS
model.
Exclusive
drain down facility provided in storage tank and flat plate collector to clean
/ service regularly. It will reduce the scale formation on solar water heaters.
CLIENTS
Subject's prompt,
economical and reliable service has enabled it to serve a wide spectrum of
clients, both in the domestic and industrial area. Subject provides the best
quality product and ensures the best after sales service to its customers.
Their clients are mainly divided into two sectors namely Domestic and Industrial
Clients.
FEW OF THEIR DOMESTIC (VIP) CLIENTS
|
Sri Sri Balagangadharanatha Swamiji's
Kuteera, Adichunchanagiri, Belur |
500 LPD |
|
Mr. Ramakrishna Hegde, Ex. Chief
Minister of Karnataka |
300 LPD |
|
Mrs. Leela Devi R Prasad, Ex. Minister,
Karnataka |
300 LPD |
|
Prof. D. N. Nanjundaswamy, President of
Karnataka Rajya Raitha Sangha |
300 LPD |
|
Mr. George Stephen, Chief Engineer
(CED) SHAR, ISRO |
200 LPD |
|
Mr. Jyothi Prakash Mirji, IPS Officer |
300 LPD |
|
Mr. Bipin Gopal Krishna, IPS Officer |
200 LPD |
|
Smt. Shyamala G. Bhave, President of
Karnataka Music Academy |
300 LPD |
|
Mr. N. L. Narendra Babu, MLA & Cine
Artist |
300 LPD |
|
Dr. Rajiv Taranath, Musician |
200 LPD |
|
Mr. Devraj, Kannada Film Artist |
200 LPD |
|
Mr. Ramakrishna, Cine Actor |
200 LPD |
|
Mr. K. Manju, Film Producer |
200 LPD |
|
Mr. K. P. Nanjundi, Film Producer &
Cine Artist |
300 LPD |
|
Mr. C. Narayana Swamy, Member of Parliament |
200 LPD |
|
Mr. Ravi Kiran, Cine Artist |
300 LPD |
|
Mr. Yusuf Arrakal, Artist |
200 LPD |
|
Mr.Hanumantharayappa, President of
Rajarajeshwari CMC |
300 LPD |
|
Mr. T. Rajanna, Secretary, Karnataka
Leglislative Assembly |
200 LPD |
|
Mr. Sudhanva, Ex Mayor |
200 LPD |
|
Mr. A. M. Samiulla, Film Producer |
800 LPD |
INDUSTRIAL CLIENTS
|
Indian Space Research Organization
(ISRO), Sri Harikota, Andhra Pradesh |
7000 LPD |
|
Jawaharlal Nehru, Jakkur Road,
Bangalore |
6000 LPD |
|
Totagara Seva Samithi Hospital, Sirsi |
5800 LPD |
|
Postal Training Center, Mysore |
4000 LPD |
|
J. C. College of Engineering, Mysore |
4000 LPD |
|
Hotel Eshwari Deluxe, OTC Road,
Cottonpet, Bangalore |
3000 LPD |
|
Bangalore University, Bangalore |
3000 LPD |
|
National Law School of (INDIA)
University, Bangalore |
3000 LPD |
|
Vijaya Hospital, Chennai, Tamil Nadu |
3000 LPD |
|
Global College of Engineering Student
Hostel |
3000 LPD |
|
Golden Valley Institute of Technology,
Bangalore |
2500 LPD |
|
Sambraham College of Dental Science,
KGF |
2500 LPD |
|
Global College of Nursing Hostel, R.
R.Nagar, Bangalore |
2500 LPD |
|
Bharath Petroleum, Chennai, Tamil Nadu |
2200 LPD |
|
Sri Adichunchanagiri Mahasamsthana
Mutt, Mandya Dist. |
2000 LPD |
|
Preetham Lodge, Gulbarga |
2000 LPD |
|
Indian Railway Vasco, Goa |
2000 LPD |
|
Sai International, Karwar |
2000 LPD |
|
Nishanth Resorts, Solapur, Maharashtra
State |
2000 LPD |
|
Bharath Petroleum Guest House, Chennai
,Tamil Nadu |
2000 LPD |
|
Sacred Heart Leprosy Center, Sakkottai,
Kumbakonam, Tamil Nadu |
2000 LPD |
|
National Institute of Engineering
(NIE), Mysore |
2000 LPD |
|
K E S Residency Deluxe Lodge, Rajajinagar,
Bangalore |
2000 LPD |
|
Karnataka State Police Housing
Corporation Ltd., Mysore Division, Mysore |
2000 LPD |
|
Srinidi Lodge, Balepet, Bangalore |
1750 LPD |
|
Hindustan Petroleum Corporation
Limited, Bangalore |
1750 LPD |
|
Hotel Vittal Regency , Sheshadripuram
Bangalore |
1500 LPD |
|
Vijayanagar Club, Vijayanagar,
Bangalore |
1500 LPD |
|
CC Clubs & Resorts, Ring Road,
Bangalore |
1500 LPD |
|
Hotel Ashritha International,
Sakleshpur |
1500 LPD |
|
Bharath Lodge, B H Road, Sagar, Shimoga
(Dist) |
1500 LPD |
|
Hotel Harsha International, Koppala |
1500 LPD |
|
Arabic College, Alur, Hassan |
1500 LPD |
|
Murarji Desai Residential School,
Siddarabetta, Tumkur |
1500 LPD |
|
Lakshmi Venkateshwara Tourist Home,
Karatigi, Gangavathi, Raichur Dist. |
1200 LPD |
|
Navodya Hostel, Holenarasipura, Hassan
Dist. |
1000 LPD |
|
Backward Class Student Hostel, Mangala
Basavakalyana, Bidar Dist. |
1000 LPD |
|
Adichunchanagiri Shaka Mutt,
Mayasandra, Turuvekere Taluk |
1000 LPD |
|
Boys Hostel Pajancoa, Karaikkal,
Pondicherry |
1000 LPD |
|
Navodhaya Vidyalaya, Mahe, Pondicherry
(U.T.) |
1000 LPD |
|
Ranganatha Lodging, Nanjangud |
1000 LPD |
|
Hotel Anand Deluxe, Badami, Bagalkot
Dist. |
1000 LPD |
|
Ajai Tourist Home, Gangotri |
1000 LPD |
|
Togataveera Hostel, Davanagere |
1000 LPD |
|
Jnana Deepa Residential School,
Devanahalli |
1000 LPD |
|
Rajanandini Hospital, Konankunte Cross |
1000 LPD |
CUSTOMER CARE DIVISION
Mr. Raghu, Customer
Care Manager
Mobile : 91-9945232137
Address : Post Box No. 9167,
B. M. Shankarappa Indl. Estate,
Sunkadakatte, Viswaneedam Post, Bangalore - 560 091.
Tel.: 91 80 2348 3766
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.44.20 |
|
UK
Pound |
1 |
Rs.86.28 |
|
Euro |
1 |
Rs.58.22 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
|
44 |
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 |