MIRA
INFORM REPORT
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Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
JUBILANT
ENGINEERING LIMITED |
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Registered Office : |
Plot No. 29,
Nagarjuna Hills, Panjagutta, Hyderabad – 500 082, Andhra Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
14.10.1996 |
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Com. Reg. No.: |
01-25483 |
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CIN No.: [Company
Identification No.] |
L74140AP1996PLC025483 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CMBJ03153D |
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PAN No.: [Permanent
Account No.] |
AAACJ6045P |
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Legal Form : |
A Closely Held
Public Limited Liability Company |
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Line of Business : |
Engaged in as mechanical,
electrical and textile engineers, who undertake repair, maintenance and
installation services on turnkey basis. |
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 337116 |
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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 company having satisfactory track. Trade relations are fair.
Financial position is satisfactory. Payments are usually correct and as per
commitments. The company is doing well. It can be
considered good for any normal business dealings at usual trade terms and
conditions. Management of the
company assured to provide latest financials and if they provide, we shall
update the same. |
LOCATIONS
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Registered
Office : |
Plot No. 29, Nagarjuna
Hills, Panjagutta, Hyderabad – 500 082, Andhra Pradesh, India. |
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Tel. No.: |
91-40-23351585 |
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Fax No.: |
91-40-23357820 /
23358387 |
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Email : |
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Website : |
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Area : |
1100 sq.ft. |
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Location : |
Rented - Commercial |
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Factory 1 : |
No. 509/1-A,
Maniakarampalayan Road, Nallpalayan, Coimbatore – 641 006, India |
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Tel. No.: |
91-422-2534149 |
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Fax No.: |
91-422-2534137 |
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Area : |
70000 sq.fts |
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Location : |
Leased |
DIRECTORS
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Name : |
Mr. Mahendra
Kumar Patodia |
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Designation : |
Managing Director |
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Address : |
Plot No 145, Road No. 3, Banjara Hills, Hyderabad |
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Date of
Birth/Age : |
25.08.1951 |
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Date of
Appointment : |
14.10.1996 |
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Name : |
Mr. V. Raghu Ram |
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Designation : |
Director |
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Address : |
Ligh – 238, APHB Colony, Moulali, Hyderabad |
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Date of
Birth/Age : |
20.12.1954 |
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Date of
Appointment : |
02.12.2003 |
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Name : |
Mr. Chander Raj
Garg |
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Designation : |
Director |
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Address : |
406, Lumbiri Rock Dale, Emrald Block, Somajiguda, Hyderabad |
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Date of
Birth/Age : |
15.07.1952 |
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Date of
Appointment : |
02.12.2003 |
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Name : |
Mr. J Venkateswarlu |
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Designation : |
Director |
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Address: |
Plot No. 183, Bhoodevi Nagar, Venkatapuram, Tirumalagiri,
Secundarabad – 500 015, Andhra Pradesh, India. |
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Date of
Birth/Age : |
15.04.1964 |
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Date of
Appointment : |
13.06.2006 |
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Other
Directorship : |
Cotstyle Yarn Private Limited U51494AP2003PTC040460 |
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Name : |
Ms. Anjana Patodia |
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Designation : |
Director |
BUSINESS DETAILS
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Line of Business
: |
Engaged in as
mechanical, electrical and textile engineers, who undertake repair,
maintenance and installation services on turnkey basis. |
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Products: |
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Exports : |
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Countries : |
US, Canada, Singapore, France, Mexico |
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Imports : |
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Products : |
Raw material |
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Countries : |
Italy, France |
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Terms : |
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Selling : |
Contract, Credit
(30 days) or Cash terms and T/T |
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Purchasing : |
Cash or Credit
(30 days) terms and T/T |
PRODUCTION
STATUS as on 31.03.2006:-
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Particulars |
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Unit
|
Installed Capacity |
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Gate Value
Assembly |
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Nos. |
3600 |
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Internals |
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Nos. |
87000 |
GENERAL
INFORMATION
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Customers : |
Manufacturers |
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No. of Employees : |
500 |
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Bankers : |
Ř
HDFC Bank,
Hyderabad – 500 001, Andhra Pradesh Ř
Central Bank
of India, Panjagutta Branch, Hyderabad – 500 082, Andhra Pradesh Ř
Bank of
Punjab Limited 1-7-283/1and2, 126, Sarojini Devi Road, Secunderabad – 500 003, Andhra
Pradesh, India. Ř
Punjab
National Bank, Mid Corpoarte Branch Banjara Hills, Hyderabad |
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Facilities : |
Total credit facilities upto Rs. 150.000
millions |
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Banking Relations
: |
Satisfactory |
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Auditors : |
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Name : |
D. K. Baid and Company Chartered Accountants |
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Address
: |
5-8-4-12, 2nd Floor, Abids Shopping Centre, Hyderabad – 500
001, Andhra Pradesh |
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Tel.
No.: |
91-40-23203648 |
CAPITAL STRUCTURE
Authorised
Capital :
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No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/-each |
Rs. 7.500 millions |
Issued,
Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/-each |
Rs. 7.500 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS
FUNDS |
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1] Share Capital |
7.500 |
7.500 |
2.500 |
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2] Share
Application Money |
0.000 |
0.000 |
0.000 |
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2] Reserves &
Surplus |
76.779 |
19.413 |
0.779 |
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3) (Accumulated
loss) |
0.000 |
0.000 |
0.000 |
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NETWORTH
|
84.279 |
26.913 |
3.279 |
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LOAN FUNDS |
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1] Secured Loans |
129.310 |
87.360 |
12.979 |
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2] Unsecured
Loans |
11.000 |
11.000 |
9.000 |
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TOTAL BORROWING
|
140.310 |
98.360 |
21.979 |
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DEFERRED TAX
LIABILITIES |
4.344 |
3.152 |
0.632 |
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TOTAL
|
228.933 |
128.425 |
25.890 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
|
69.554 |
53.539 |
11.040 |
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Capital work-in-progress
|
0.000 |
0.000 |
13.999 |
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INVESTMENT
|
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
|
102.355 |
60.461 |
0.204 |
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Sundry Debtors
|
32.972 |
14.586 |
1.059 |
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Cash & Bank Balances
|
33.839 |
9.988 |
3.131 |
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Other Current Assets
|
0.000 |
0.000 |
0.000 |
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Loans & Advances
|
33.612 |
10.881 |
1.184 |
Total Current Assets
|
202.778 |
95.916 |
5.578
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
|
43.401 |
21.034 |
4.755 |
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Provisions
|
0.000 |
0.000 |
0.000 |
Total Current Liabilities
|
43.401 |
21.034 |
4.755
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Net Current Assets
|
159.377 |
74.882 |
0.823
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MISCELLANEOUS EXPENSES
|
0.002 |
0.004 |
0.028 |
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TOTAL
|
228.933 |
128.425 |
25.890 |
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PROFIT &
LOSS ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
380.000 |
299.030 |
95.585 |
11.148 |
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Other Income |
NA |
0.379 |
0.717 |
0.000 |
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Total Income |
NA |
299.409 |
95.999 |
11.148 |
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Profit/(Loss) Before Tax |
NA |
76.372 |
21.985 |
0.982 |
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Provision for Taxation |
NA |
1.903 |
3.351 |
0.699 |
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Profit/(Loss) After Tax |
NA |
74.469 |
18.634 |
0.283 |
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Earnings in
Foreign Currency : |
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Total Earnings |
NA |
NA |
79.474 |
2.631 |
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Imports : |
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Raw Materials |
NA |
NA |
28.499 |
0.000 |
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Stores & Spares |
NA |
NA |
17.808 |
0.000 |
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Capital Goods |
NA |
NA |
5.260 |
11.508 |
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Total Imports |
NA |
NA |
51.567 |
11.508 |
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Expenditures : |
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Purchase of Traded Goods |
NA |
0.000 |
0.000 |
2.666 |
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Manufacturing Expenses |
NA |
0.000 |
0.000 |
4.542 |
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Personal Expenses |
NA |
0.000 |
0.000 |
1.238 |
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Sales and Distribution Expenses |
NA |
0.000 |
0.000 |
0.174 |
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Raw Material Consumed |
NA |
150.254 |
40.985 |
0.000 |
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Purchases made for re-sale |
NA |
0.000 |
18.565 |
0.000 |
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Consumption of stores and spares parts |
NA |
42.776 |
17.382 |
0.000 |
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Increase/(Decrease) in Finished Goods |
NA |
[34.097] |
[26.967] |
0.000 |
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Salaries, Wages, Bonus, etc. |
NA |
9.701 |
5.124 |
0.000 |
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Managerial Remuneration |
NA |
0.000 |
0.000 |
0.000 |
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Payment to Auditors |
NA |
0.030 |
0.018 |
0.000 |
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Interest |
NA |
9.113 |
4.505 |
0.409 |
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Insurance Expenses |
NA |
0.877 |
0.306 |
0.000 |
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Power & Fuel |
NA |
2.988 |
1.534 |
0.000 |
|
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Depreciation & Amortization |
NA |
3.972 |
2.262 |
0.555 |
|
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Other Expenditure |
NA |
37.423 |
10.300 |
0.583 |
|
Total
Expenditure |
NA |
223.037 |
74.014 |
10.167 |
|
Expected Sales (2007-08): Rs.400.000
millions
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
PAT / Total Income
|
(%)
|
24.87
|
19.41 |
2.54 |
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Net Profit Margin
(PBT/Sales) |
(%) |
25.54
|
23.07 |
8.81 |
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Return on Total Assets
(PBT/Total
Assets} |
(%) |
28.04
|
14.71 |
3.21 |
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Return on Investment (ROI)
(PBT/Networth) |
|
0.91
|
0.82 |
0.30 |
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Debt Equity Ratio
(Total
Liability/Networth) |
|
2.18
|
4.44 |
8.15 |
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Current Ratio
(Current Asset/Current
Liability) |
|
4.68
|
4.56 |
1.17 |
LOCAL AGENCY
FURTHER INFORMATION
History
Subject was
incorporated on 14th October, 1996 at Hyderabad in Andhra Pradesh
under the name and style of Jubilant Investments & Real Estates (Private) Limited
having Company Registration Number
01-25483.
The name of the
company was changed to the present with effect from 9th December,
2003
It purchases 100%
from local market.
It sells 100% in
local market.
It is reported that
the company until 09.12.2003 was acting only as estate agents and since then it
has switch over to the new line of business which is expected to enhance the
income of the company in the coming years.
Fixed Assets:
· Buildings,
· Plant and Machinery,
· Electrical Installation,
· Computers,
· Furniture and Fixtures,
· Office Equipment,
· Dies and Equipments
· Vehicles, etc.
|
Name of the
company |
JUBILIANT
ENGINEERING LIMITED |
|
Presented
By |
Mr.
V Raghu Ram, Director |
|
1) Date and description
of instrument creating the change |
24.12.2003 Deed of
Hypothecation of Assets to secure Term Loan |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Term Loan – Rs.
15.000 Millions FLC (DP basis) – Rs.
12.300 Millions Bank Guarantee –
Rs. 1.500 Millions (Outstanding
facilities 1 and 2 not to exceed Rs. 15.000 Millions at any time.) |
|
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 |
First charge on
all Fixed assets specified in Schedule “A” both present and future of the
Company includes of machinery of Rs. 20.160 Millions and other assets of Rs.
1.990 Millions to be installed and hypothecation of stocks imported/
purchased under LC. |
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4) Gist of the
terms and conditions and extent and operation of the charge. |
Term Loan – 0.50% below PTLR i.e. 12.50% p.a.
presently Monthly compounding. Margin – 33.33% FLC (DP basis) – Margin – 15% (FDRs with Branch). Commission –
0.15% Bank Guarantee – Margin – 10% (FDRs with branch) Commission – 2% |
|
5) Name and
Address and description of the person entitled to the charge. |
Bank of Punjab
Limited 1-7-283/1and2, 126,
Sarojini Devi Road, Secunderabad – 500 003, Andhra Pradesh, India. |
|
6) Date and brief description of instrument
modifying the charge |
Not Applicable |
|
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. |
Not Applicable |
|
Name of the
company |
JUBILIANT
ENGINEERING LIMITED |
|
Presented
By |
Mr.
M K Patodia, Director |
|
1) Date and description
of instrument creating the change |
24.12.2003 Deed of
Hypothecation of Assets to secure Term Loan |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Term Loan – Rs.
15.000 Millions FLC (DP basis) – Rs.
12.300 Millions Bank Guarantee –
Rs. 1.500 Millions (Outstanding
facilities 1 and 2 not to exceed Rs. 15.000 Millions at any time.) |
|
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 |
First charge on
all Fixed assets specified in Schedule “A” both present and future of the
Company includes of machinery of Rs. 20.160 Millions and other assets of Rs.
1.990 Millions to be installed and hypothecation of stocks imported/
purchased under LC. |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
Term Loan – 0.50% below PTLR i.e. 12.50% p.a.
presently Monthly compounding. Margin – 33.33% FLC (DP basis) – Margin – 15% (FDRs with Branch). Commission –
0.15% Bank Guarantee – Margin – 10% (FDRs with branch) Commission – 2% |
|
5) Name and
Address and description of the person entitled to the charge. |
Bank of Punjab
Limited 1-7-283/1and2,
126, Sarojini Devi Road, Secunderabad – 500 003, Andhra Pradesh, India. |
|
6) Date and brief description of instrument
modifying the charge |
Not Applicable |
|
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. |
Not Applicable |
|
Name of the
company |
JUBILIANT
ENGINEERING LIMITED |
|
Presented
By |
Mr.
V Raghu Ram, Director |
|
1) Date and description
of instrument creating the change |
24.12.2003 Deed of
Hypothecation of Assets to secure Term Loan |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Term Loan – Rs.
15.000 Millions FLC Sub Limit (DP
basis) – Rs. 12.300 Millions Bank Guarantee –
Rs. 1.500 Millions Total:
Rs. 16.500 Million |
|
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 |
First charge on
all Fixed assets specified in Schedule “A” both present and future of the
Company includes of machinery of Rs. 20.160 Millions and other assets of Rs.
1.990 Millions to be installed and hypothecation of stocks imported/
purchased under LC. |
|
4) Gist of the terms
and conditions and extent and operation of the charge. |
Term Loan – 0.50% below PTLR i.e. 12.50% p.a.
presently Monthly compounding. Margin – 33.33% FLC (DP basis) – Margin – 15% (FDRs with Branch). Commission –
0.15% Bank Guarantee – Margin – 10% (FDRs with branch) Commission – 2% |
|
5) Name and
Address and description of the person entitled to the charge. |
Bank of Punjab
Limited 1-7-283/1and2,
126, Sarojini Devi Road, Secunderabad – 500 003, Andhra Pradesh, India. |
|
6) Date and brief description of instrument
modifying the charge |
Letter dated
16.06.2005 form Bank of Punjab Limited for completely repayment of Term Loans
only and enhanced working capital facilities remain the same. |
|
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. |
Complete
repayment of: Term Loan – I –
Rs. 15.000 Millions Term Loan – II –
Rs. 22.000 Millions There are no due
outstanding in Term Loan Accounts with Bank of Punjab and the Working Capital
Facilities are not changed. Bank of Punjab, UTI Bank and Punjab National Bank
shall have 1st charge on the all Current Assets and 2nd
charge on the entire Block Assets. Exim Bank Shall have 1st charge
on Block Assets and 2nd charge on the Current Assets of the
company. |
|
Name of the
company |
JUBILIANT
ENGINEERING LIMITED |
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Presented
By |
Mr.
V Raghu Ram, Director |
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1) Date and
description of instrument creating the change |
24.12.2003 Deed of
Hypothecation of Assets to secure Term Loan |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Term Loan – Rs.
15.000 Millions FLC Sub Limit (DP
basis) – Rs. 12.300 Millions Bank Guarantee –
Rs. 1.500 Millions Total:
Rs. 16.500 Million |
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|
3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
First charge on
all Fixed assets specified in Schedule “A” both present and future of the
Company includes of machinery of Rs. 20.160 Millions and other assets of Rs.
1.990 Millions to be installed and hypothecation of stocks imported/
purchased under LC. |
||||||||||||||||||||||||||||
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
Term Loan – 0.50% below PTLR i.e. 12.50% p.a.
presently Monthly compounding. Margin – 33.33% FLC (DP basis) – Margin – 15% (FDRs with Branch). Commission –
0.15% Bank Guarantee – Margin – 10% (FDRs with branch) Commission – 2% |
||||||||||||||||||||||||||||
|
5) Name and
Address and description of the person entitled to the charge. |
Bank of Punjab
Limited 1-7-283/1and2,
126, Sarojini Devi Road, Secunderabad – 500 003, Andhra Pradesh, India. |
||||||||||||||||||||||||||||
|
6) Date and brief description of instrument
modifying the charge |
28.03.2005 Agreement for
Hypothecation of Movable Assets forming part of Fixed/Block Assets (pari
passu second charge) Deed of
Hypothecation of Assets to secure Term Loans. Packing credit agreement. Deed of
Hypothecation to secure LC on DA/DP basis. |
||||||||||||||||||||||||||||
|
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. |
Various facilities: (Rs. In
Millions)
Additional
facilities form – Punjab National
Bank, Mid Corpoarte
Branch Banjara Hills,
Hyderabad Pari passu First
Charge on the company’s entire current assets, goods, movables, and other
assets, present and future along with Bank of Punjab Limited and UTI Bank
Limited and First and exclusive charge in favour Punjab National Bank on the
fixed assets to be acquired by the company by availing a term loan of Rs.
10.000 Millions and pari passu second charge on movable fixed assets along
with Bank of Punjab Limited and UTI Bank Limited. Packing Credit –
(up to 90 days) Margin – 10% FC – Rate of Interest
– LIBOR + 0.75% p.a. RUPEE – Rate of interest
– BPLR – 3.25% i.e. 7.5% p.a. Foreign
Bills Discounting – Rate of Interest – Up to 90 days – BPLR –
3.25% i.e. 7.5% p.a. and beyond 90 days – BPLR – 0.25% i.e. 10.50% p.a. FLC – Margin – 10% Commission – As per Bank/FEDAI guidelines Term Loan
– Margin – 50% Interest – 11.25%
p.a. |
WEBSITE DETAILS:
Subject was incorporated in 1990 to manufacture metallic products for exports of engineered castings and bar stocks. The Company has entered into exclusive long-term manufacturing agreement in the year 2000 with FMC Technologies, USA - One of the Leading Global Oil Field Equipment manufacturers in the world to manufacture world class Oil Field Equipment. The product range includes API 6A Valves and other critical components to cater to the needs of OIL INDUSTRY in USA, Europe and South East Asia. In a span of 5 years, GTN has carved a niche as a quality manufacturer of oil field equipments ranging from Valves made out of Castings and Forgings to all temperature class and material trims, Casing Hangers, Pneumatic Actuators and Commercial Items like Flanges and Plugs. Today, GTN Exports is synonymous with quality, high precision machining and customer’s satisfaction.
The successful production of high quality oil field valves and allied components has opened several new global vistas. A new plant - Jubilant Engineering Limited., was commissioned to manufacture forged valves upto a pressure of 10000 PSI using state-of-the-art machinery.
GTN has initiated stringent Quality Assurance Programs with the American Petroleum Institute. Some of the vital systems include: 22 Nos. CNC Machines for precision machining. API 6A Monogram. API QR ISO 9001 - One of the very few in India Fully equipped Metrology and Quality Control laboratories Specialised Coating and Nitrating Plant with Electrolosis Nickel Coating g Dynamic Testing Station - Testing at 180O C to (-) 65O C Comprehensive Engineering Solutions using Unigraphics and PRO-E Fully equipped ERP with Intranet, WAN, RF, etc.
CMT REPORT
(Corruption, Money Laundering and 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.39.32 |
|
UK Pound |
1 |
Rs.81.82 |
|
Euro |
1 |
Rs.56.90 |
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 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
60 |
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 |
|