MIRA
INFORM REPORT
|
Report Date : |
15.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
THYSSENKRUPP
INDUSTRIES INDIA PRIVATE LIMITED |
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Formerly Known As : |
KRUPP INDUSTRIES
INDIA LIMITED |
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Registered Office : |
154-C, Mittal Tower,
15th Floor, 210, Nariman Point, Mumbai – 400 021, |
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Country : |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
23.01.1947 |
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Com. Reg. No.: |
11-5508 |
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CIN No.: [Company
Identification No.] |
U74999MH1947PTC005508 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNET03957C |
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PAN No.: [Permanent
Account No.] |
AAATK4892J |
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Legal Form : |
Private Limited Liability Company. Subject is a subsidiary of Buckay Walther A. G., |
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Line of Business : |
The company is
engaged in manufacturing of sugar mill machinery, specialised conveying
equipments, cement plant machinery, dispersion & reaction machines (suppuration),
mobile, semi-mobile, portable crushing and screening plant & crushers,
screens & feeders, sponge iron plants, machinery & equipments and
high speed, semi automatic, fully automatic and continuous centrifugal
machines. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 6300000 |
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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 and reputed company having fine track records. Directors are
reported as experienced and respectable businessmen. Trade relations are
fair. Business is active. Payments are always correct and as per commitments.
The company can
be considered good for normal business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
154-C, Mittal
Towers, 15th Floor, 210, Nariman Point, Mumbai – 400 021, |
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Tel. No.: |
91-22-22020064/
22026837 |
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Fax No.: |
91-22-22044025 |
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E-Mail : |
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Website : |
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Head Office : |
Pimpri, Pune –
411 018, |
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Tel. No.: |
91-20-27425461 / 2 / 3 / 4 |
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Fax No.: |
91-20-27425350 |
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E Mail : |
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Factory 2 : |
Cherlapally, |
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Tel. No.: |
91-40-27263540 |
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Fax No.: |
91-40-27263162 |
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E-Mail : |
DIRECTORS
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Name : |
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Designation : |
Chairman |
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Address : |
West Brink,
1641319, |
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Date of Birth/Age : |
08.01.1941 |
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Date of Appointment : |
01.01.2000 |
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Name : |
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Designation : |
Director |
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Address : |
1177-11 Avenue
SW, |
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Date of Birth/Age : |
06.05.1951 |
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Date of Appointment : |
23.05.2003 |
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Name : |
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Designation : |
Director |
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Address : |
11, |
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Election Commission Identity Card No.
: |
MT / 52 / 250 / 486422 |
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Date of Birth/Age : |
02.12.1936 |
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Date of Appointment : |
01.01.1999 |
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Name : |
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Designation : |
Director |
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Address : |
6, Haveli 19, L D
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Election Commission Identity Card No.
: |
MT / 04 / 024 /
096081 |
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Date of Birth/Age : |
05.06.1949 |
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Date of Appointment : |
17.06.1999 |
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Name : |
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Designation : |
Director |
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Address : |
66, Rajat
Apartments, |
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Election Commission Identity Card No.
: |
MT / 04 / 024 /
102891 |
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Date of Birth/Age : |
11.04.1932 |
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Date of Appointment : |
20.02.1990 |
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Name : |
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Designation : |
Director |
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Address : |
333, |
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Date of Appointment : |
05.02.1999 |
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Name : |
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Designation : |
Director |
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Address : |
2 B, |
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Date of Birth/Age : |
01.02.1920 |
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Date of Appointment : |
27.06.1991 |
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Name : |
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Designation : |
Director |
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Address : |
Buchenweg 34,
59302, |
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Date of Birth/Age : |
14.09.1945 |
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Date of Appointment : |
14.12.2001 |
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Name : |
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Designation : |
Alternate to |
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Address : |
902, Vastu, |
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Date of Birth/Age : |
25.08.1946 |
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Date of Appointment : |
01.01.2000 |
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Name : |
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Designation : |
Vice Chairman and
Managing Director |
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Address : |
C-4, |
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Election Commission Identity Card No.
: |
MT / 04 / 250 /
489403 |
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Date of Birth/Age : |
06.06.1936 |
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Date of Appointment : |
01.06.2004 |
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Name : |
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Designation : |
Whole Time Director
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Address : |
Row House, H – 2,
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Date of Birth/Age : |
01.01.1946 |
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Date of Appointment : |
01.06.2004 |
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Name : |
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Designation : |
Whole Time
Director |
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Address : |
No. 1, Ramkunj,
ICS Colony, |
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Date of Birth/Age : |
18.09.1946 |
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Date of Appointment : |
09.03.2001 |
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Name : |
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Designation : |
Whole Time
Director |
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Address : |
14 Sector – A,
Vrindavan Co-Op Housing Society Limited, Off |
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Date of Birth/Age : |
04.12.1950 |
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Date of Appointment : |
09.03.2001 |
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Name : |
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Designation : |
Alternate to |
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Address : |
251/1, Plot No,
6, |
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Date of Birth/Age : |
03.07.1940 |
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Date of Appointment : |
14.12.2001 |
KEY EXECUTIVES
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Name : |
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Designation : |
Company Secretary
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Address : |
102, |
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Election Commission Identity Card No.
: |
MT / 04 / 251 /
111484 |
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Date of
Birth/Age : |
09.06.1955 |
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Date of
Appointment : |
02.03.1998 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Buckau Walther
GmbH |
|
401687 |
|
Protos
Engineering Company Private Limited |
|
122592 |
|
Rama |
|
10280 |
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Nandkumar J Girme
|
|
4093 |
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Jayprakash J
Grime |
|
4093 |
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Doraiswamy
Padmanabhan |
|
5889 |
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BWI Equity Trust |
|
204 |
|
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|
940 |
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Paharpur
Corporation Limited |
|
1855 |
|
Paharpur Cooling
Towers Limited |
|
61149 |
|
Bright Holding
and Trading Company Limited |
|
50892 |
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Mina P Parikh |
|
1898 |
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Neerja A Parikh |
|
4463 |
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Pallavi a Parikh |
|
2568 |
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PCB Ventures
Limited |
|
17737 |
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Wist Trade
Private Limited |
|
3818 |
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Gaurav M Swarup |
|
1750 |
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Vikram M Swarup |
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1750 |
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Gyan M Swarup |
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1750 |
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Mahendra Swarup |
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1750 |
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Kusumben M Gandhi
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950 |
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Parag M Shah |
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2577 |
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Mahendra R Gandhi
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|
11081 |
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Utsav R
Kapadia |
|
117 |
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Anandi Vangal |
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117 |
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Rekha H Kapadia |
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117 |
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Nini Y Kothari |
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117 |
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Gouri B Mistry |
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117 |
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Harsadray Private
Limited |
|
15147 |
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Kusumben R Gandhi
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1977 |
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Renu M
Gandhi |
|
500 |
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TOTAL |
|
733975 |
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Equity Share Breakup |
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Category |
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Percentage of
Holding |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
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54.73 % |
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Bodies corporate |
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37.35 % |
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Directors of relatives of directors |
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5.97 % |
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Other top fifty shareholders |
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1.95 % |
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Total |
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100.00 % |
BUSINESS DETAILS
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Line of Business : |
The company is engaged
in manufacturing of sugar mill machinery, specialised conveying equipments,
cement plant machinery, dispersion & reaction machines (suppuration),
mobile, semi-mobile, portable crushing and screening plant & crushers,
screens & feeders, sponge iron plants, machinery & equipments and
high speed, semi automatic, fully automatic and continuos centrifugal
machines. |
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Products : |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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GENERAL INFORMATION
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Customers : |
Ø
Lokmangal
Agro Industries Limited Ø
Rayat
Sahakari Sakhar Karkhana Limited Ø
Shri
Someshwar Sahakari Sakkare Karkhane Niyamit Ø
Anuradha
Sugar Mills Limited Ø
Vasantrao
Naik Sahakari Sakhar Karkhana Limited Ø
Madha
Taluka Sahakari Sakhar Karkhana Limited |
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No. of Employees : |
Around 4000 |
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Bankers : |
PO Box No 1101, Pimpri, Pune –
411018
22/13, Poonam Chambers, Pimpri,
Pune – 411018
1248/A,
1202/39, Shirole Marg, Pune –
411004
1216/A,
Hazarimal Somani Marg, ·
IDBI
Bank ·
State
Bank of Travancore ·
HSBC
Bank |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Price Waterhouse
and Company Chartered
Accountants |
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Address : |
252 Veer Savarkar
Marg, |
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Memberships : |
Confederation of
Indian Industry |
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Subsidiaries : |
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Parent Company |
Buckay |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8,00,000 |
Equity Shares |
Rs. 100/- |
Rs. 80.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7,33,970 |
Equity Shares |
Rs. 100/- |
Rs. 73.397 millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2006 |
30.09.2005 |
30.09.2004 |
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SHAREHOLDERS FUNDS |
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|
|
|
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1] Share Capital |
73.397 |
73.397 |
73.397 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1519.812 |
1430.090 |
1378.619 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1593.209 |
1503.487 |
1452.016 |
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LOAN FUNDS |
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1] Secured Loans |
137.191 |
144.800 |
0.000 |
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2] Unsecured Loans |
88.362 |
367.911 |
244.905 |
|
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TOTAL BORROWING |
225.553 |
512.711 |
244.905 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
14.442 |
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TOTAL |
1818.762 |
2016.198 |
1711.363 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
206.111 |
186.540 |
195.106 |
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Capital work-in-progress |
9.135 |
8.178 |
0.000 |
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INVESTMENT |
34.600 |
34.600 |
316.655 |
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DEFERREX TAX ASSETS |
3.197 |
7.639 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1965.433
|
1491.069 |
510.052
|
|
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Sundry Debtors |
1323.062
|
1208.252 |
969.397
|
|
|
Cash & Bank Balances |
1492.305
|
1504.178 |
1288.437
|
|
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Other Current Assets |
27.539
|
61.103 |
72.667
|
|
|
Loans & Advances |
1328.542
|
986.102 |
326.829
|
|
Total
Current Assets |
6136.881
|
5250.704 |
3167.382 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
4187.918
|
3211.081 |
1967.780
|
|
|
Provisions |
383.244
|
260.382 |
|
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Total
Current Liabilities |
4571.162
|
3471.463 |
1967.780
|
|
|
Net Current Assets |
1565.719
|
1779.241 |
1199.602
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1818.762 |
2016.198 |
1711.363 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
30.09.2006 |
30.09.2005 |
30.09.2004 |
|
Sales Turnover |
6.347 |
- |
2300.490 |
|
Total Income |
6.347 |
- |
2300.490 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
0.305 |
0.216 |
150.236 |
|
Provision for Taxation |
0.106 |
0.074 |
54.250 |
|
Profit/(Loss) After Tax |
0.198 |
0.142 |
95.986 |
|
|
|
|
|
|
Total Expenditure |
6.042 |
- |
2150.254 |
KEY RATIOS
|
PARTICULARS |
|
30.09.2006 |
30.09.2005 |
30.09.2004 |
|
PAT / Total Income |
(%) |
3.12
|
NA |
4.17
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
4.81
|
NA |
6.53
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
NA |
4.46
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
0.10
|
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|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.01
|
2.65 |
1.52
|
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Current Ratio (Current Asset/Current Liability) |
|
1.34
|
1.51 |
1.60
|
LOCAL AGENCY FURTHER INFORMATION
History
The company name changed
to Buckauwolf India Engineering Works Limited on 11.07.1961. Again name changed
to Buckanwolf India Limited on 07.12.1981. Further name changed to Krupp
Industries India Limited on 28.11.1994. Now, name changed to Thyssenkrupp
Industries India Private Limited on 30.07.2002.
The company’s fixed
assets of important value include land, buildings, plant & machinery &
equipments, furniture, fixture & office appliances, technical know-how and
vehicles.
Sole Selling Agent :
C Protos Engineering Company Private Limited
Cement Machinery Division:
The company
received orders from
The company is
participating in large cement projects in
Sugar Machinery Division:
With the
de-licensing of sugar industry, new projects for setting up sugar plants of
various crushing capacities have been planned.
A repeat order of co-generation
boiler was received from Ugar Sugar Works Limited of 70T capacity at 62 bar
pressure. In addition to this, the
company introduced and supplied higher capacity 1750 kgs. centrifugal machines
for the first time in
Boiler Division:
During the year the
division completed execution of the boilers for the Bihar Caustic &
Chemicals Limited and Nava Bharat Ferro Alloys Limited - II projects.
The company has
received ISO 9001 certification.
The company has
technical collaboration with
The company is in
trade terms with :
Ø
Heat
Fabs
Ø
Menon
Metalliks Private Limited
Ø
Vitona
Elastomers
Ø
Ultimate
Bankers Charges
Report as per Registry
|
Name of the company |
KRUPP INDUSTRIES INDIA LIMITED |
|
Presented By |
G. P. KULKARNI,
COMPANY SECRETARY |
|
1) Date and description of instrument creating the change |
Joint Deed of
Hypothecation dated 29the December, 1995 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 180.000 Millions
for combined limit for cash credit, bill discounting, Preshipment and post
shipment credit etc. and extension of charge for Rs.1980 Millions for
guarantee limits and Rs. 500.000 Millions for letter of credit limits. |
|
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 whole of the
current assets, viz. raw materials, work in process, semi finished and
finished goods, consumable stores and spares, bills receivable and book debts
and all other movables, both present and future. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest @ 5 %
OBR, minimum @ 17 % p.a. with quarterly rests for Cash Credit. Guarantee limits
– inland 1 % p.a. for guarantee limits foreign and for letter of credit,
interest as per FEDAI Rules – as per working capital consortium
agreement. |
|
5) Name and Address and description of the person entitled to the charge. |
Bank of PO Box No 1101,
Pimpri, Pune – 411018 Central Bank of 22/13, Poonam
Chambers, Pimpri, Pune – 411018 State Bank of
Tranvacore 1248/A, Union Bank of 1202/39, Shirole
Marg, Pune – 411004 Bank of Syndicate Bank 1216/A, Deutsche Bank Hazarimal Somani
Marg, |
|
6) Date and brief description of instrument modifying the 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. |
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|
Name |
Address |
Extent
of Charge [Rs in Millions] |
||
|
|
|
Cash Credit Bill Discounting, Pre Shipment
Credit etc. |
Guarantee Limits |
Letter of Credit Limits |
|
Bank of |
PO Box No 1101,
Pimpri, Pune – 411018 |
45.000 |
653.000 |
405.000 |
|
Central Bank of |
22/13, Poonam
Chambers, Pimpri, Pune – 411018 |
27.000 |
297.000 |
75.000 |
|
State Bank of
Tranvacore |
1248/A, |
27.000 |
200.000 |
30.000 |
|
Union Bank of |
1202/39, Shirole Marg,
Pune – 411004 |
25.000 |
272.000 |
69.500 |
|
Bank of |
|
20.000 |
220.000 |
13.500 |
|
Syndicate Bank |
1216/A, |
18.000 |
198.000 |
0.000 |
|
Deutsche Bank |
Hazarimal Somani
Marg, |
18.000 |
140.000 |
20.000 |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
80012972 |
|
Corporate
identity number of the company |
U74999MH1947PTC005508 |
|
Name of the
company |
KRUPP INDUSTRIES
INDIA LIMITED |
|
Address of the
registered office or of the principal place of business in |
16 Narmal Nariman
Point, Mumbai – 400021, |
|
Type of charge |
Book Debts Others |
|
Particular of
charge holder |
U99999MH1906PTC000243 Bank of India
Limited Pimpri Branch Pimpri, Pune –
411018, |
|
Nature of description
of the instrument creating or modifying the charge |
Joint Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
29.09.2006 |
|
Amount secured by
the charge |
Rs. 4000.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of interest As per sanction
letter of various banks. Terms of
repayment Fund and non fund
based limits as per sanction letters of various Banks Margin : As per sanction
letters of various banks Extent and
operation of the charge To the extent of
fund and non fund based sanctioned limits of various banks. |
|
Short particulars
of the property charged |
Stock and other movables
located at various sites of the company i.e. Pimpri, Pune. Hyderabad etc. |
|
Date of latest
modification prior to the present modification |
29.09.2006 |
|
Particulars of
the present modification |
By present first
supplemental joint deed of hypothecation and first supplemental working
capital consortium agreements dated 29.09.2006 total limits have been
enhanced from Rs. 2660 Millions to Rs. 4000 Millions |
As Per Web:
Profile
Subject has grown to become one of the most trusted names in the fields of Sugar Plant & Machinery, Open Cast Mining & Bulk Material Handling Systems, Cement Plants & Machinery and Steam Generating Plants. Today with strong foundations and access to world class technology Subject’s plant making capabilities are helping the industry become competitive world over.
Subject’s strategic vision as a EPC Contractor to execute turnkey projects is derived from its core strength of integrated engineering expertise & automation in manufacturing backed by an excellent team of project executives.
The company firmly believes in delivering total customer satisfaction spanning from concept to commissioning to after sales service.
Subject’s highly competent project management capabilities are a result of its tradition of anticipating and fulfilling specific customer requirements. A highly qualified team of engineers and technicians, supported by the most modern IT infrastructure ensures the brand of quality, subject’s known for worldwide. The emergence of a true market leader speaks volumes about the world class technology inherent in the company's products. The company's nationwide branch network along with the support of Thyssenkrupp’s global establishments enables it to meet the needs of customers on time.
Infrastructure
Subject’s capabilities in setting up highly sophisticated plants of large capacities are based on comprehensive in-house resources and expertise. The Services Division erects and commissions the plants and also provides services designed to prevent breakdown of machinery. Plant erection at site is carried out through planning of erection sequences and establishment of necessary infrastructure. Experienced site engineers and erection crews backed by proper erection equipment are important factors that ensure high class site services are also arranged from suppliers of proprietary equipment.
After Sales Services
The sophisticated nature of major equipment requires sound diagnosis, dedicated adjustments, skilled maintenance and instructions for sustained and satisfactory performance of plant and equipment.
The company's fully trained and experienced service specialists provide the complete range of after sales services. These include repair services to attend to any breakdown, scheduled services covering a program of preventive maintenance, training services to clients’ operators and spare parts management services assisting the customer in scientific inventory planning and regular scheduled replacement of parts.
The synergy of in-house total turnkey capabilities has translated into a most sought after rejuvenation service of old plants (including those supplied by competitors), which results in immense financial benefits to customers.
Products
Cement Plant and Machinery
Cement division of subject was established in year 1978 in
collaboration with sister company Polysius AG. To play a major role in growth
of cement industry in
Since its inception, it has supplied 16 complete cement plants ranging in
capacity from 1800 tons per day to 6000 tons per day. Besides, it has also
supplied a number of clinker grinding units and other equipment for cement
plants.
Customer base of
cement division is wide and consists of who’s who of the cement industry in
Today, the co-operation between Polysius AG. And subject has been extended not
only to supply but engineering services also. Availability of skilled manpower
suitably trained at subject has enabled this co-operation to fructify and grow
from strength to strength.
They are today an ISO 9001 2000 certified company which is a due recognition
for the excellence of their processes and systems for design, engineering,
manufacturing, sourcing, project management, erection and commissioning,
training and after sale service.
Complete cement plants up to 7500 TPD
capacity
Limestone crushing plants
Drying units
Product List
Polysius Rotary Kilns
Polytrack Clinker Cooler
Two-compartment
separator mill
SEPOL high
efficiency separator
Polysius
preheater and calciner systems
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.40.84 |
|
|
1 |
Rs.80.47 |
|
Euro |
1 |
Rs.54.32 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
64 |
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 |
|