- Summary Information
|
Company Name |
SUMEET FACILITIES PRIVATE LIMITED |
Principal Name 1 |
Mr. Prabhakar Anant Salunke |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Sunanda Prabhakar Salunke
|
|
Street Address |
Nana Chambers, 2nd Floor, Above
Bank of Maharashtra, Kasarwadi, Pune – 411034, Maharashtra |
||
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Established Date |
22.09.1992 |
SIC Code |
-- |
|
Telephone# |
91- 20- 27146834 |
Business Style 1 |
Management
Services |
|
Fax # |
91- 20- 27146834 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
House keeping services |
|
|
# of employees |
100 |
Product Name 2 |
Manpower consultants |
|
Paid up capital |
Rs.946000 |
Product Name 3 |
Landscaping consultants |
|
Shareholders |
Directors
or relatives of directors – 100.00 |
Banking |
Bank of Maharashtra |
|
Public Limited Corp. |
No |
Business Period |
16 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
Ba |
|
Related Company |
|||
|
Relation : Associate |
Country : India |
Company Name |
Unique Delta Force Security Private Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2007 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
37062000 |
Current Liabilities |
23256000 |
|
Inventories |
0 |
Long-term Liabilities |
23974000 |
|
Fixed Assets |
22055000 |
Other Liabilities |
780000 |
|
Deferred Assets |
0 |
Total Liabilities |
48010000 |
|
Invest& other Assets |
1053000 |
Retained Earnings |
11214000 |
|
|
|
Net Worth |
12160000 |
|
Total Assets |
60170000 |
Total Liab. & Equity |
60170000 |
|
Total Assets (Previous Year) |
47448000 |
|
|
|
P/L Statement as of |
31.03.2007 |
(Unit: Indian Rs.) |
|
|
Sales |
156240000 |
Net Profit |
3349000 |
|
Sales(Previous yr) |
113458000 |
Net Profit(Prev.yr) |
2077000 |
MIRA
INFORM REPORT
|
Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SUMEET FACILITIES PRIVATE LIMITED |
|
|
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|
Registered Office : |
Nana Chambers, 2nd Floor, Above Bank of Maharashtra,
Kasarwadi, Pune – 411034, Maharashtra |
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Country : |
India |
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|
Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
22.09.1992 |
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Com. Reg. No.: |
068672 |
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CIN No.: [Company
Identification No.] |
U74140PN1992PTC068672 |
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|
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
They Provide
Facility Management Services Activity Of Security, House Keeping, Manpower Supply,
Transport, Horticulture And Landscaping, Staffing Services |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 60800 |
|
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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 in service business. Trade
relations are fair. Financial position is satisfactory. Trade relations are
fair. Payments are usually correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
2nd Floor, Nana Chambers, Above Bank of Maharashtra,
Kasarwadi, Pune – 411034, Maharashtra |
|
Tel. No.: |
91- 20- 27146834 |
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Fax No.: |
91- 20- 27146834 |
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E-Mail : |
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Website : |
DIRECTORS
|
Name : |
Mr. Prabhakar Anant Salunke |
|
Designation : |
Director |
|
Address : |
Siddeshwar Park, Pimple Gurav, Pune - 604110, Maharashtra |
|
Date of Birth : |
08.11.1961 |
|
Date of Appointment : |
22.09.1992 |
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Name : |
Mrs. Sunanda Prabhakar Salunke
|
|
Designation : |
Director |
|
Address : |
Siddeshwar Park, Pimple Gurav, Pune - 604110, Maharashtra |
|
Date of Appointment : |
22.09.1992 |
|
|
|
|
Name : |
Mr. Anil Anant Salunke |
|
Designation : |
Director |
|
Address : |
Siddeshwar Park, Pimple Gurav, Pune - 604110, Maharashtra |
|
Date of Appointment : |
22.09.1992 |
|
|
|
|
Name : |
Mr. Mahesh Eranna |
|
Designation : |
Director |
|
Address : |
A/2/5, Bramha Baug, B T Kawade Road, Mundhwa, Pune – 411036,
Maharashtra, India |
|
Date of Appointment : |
21.06.2005 |
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|
Name : |
Mrs. Sindhu Narayanan |
|
Designation : |
Director |
|
Address : |
A/2/5, Bramha Baug, B T Kawade Road, Mundhwa, Pune – 411036,
Maharashtra, India |
|
Date of Appointment : |
21.06.2005 |
|
|
|
|
Name : |
Mr. Ravindra Shivaji Poman |
|
Designation : |
Director |
|
Address : |
Dwarkadheesh Residency, Flat No.10, Pimple Saudagr, Pune – 411027,
Maharashtra |
|
Date of Appointment : |
22.08.2005 |
|
|
|
|
Name : |
Mr. Shivaji Rajaram Mohite |
|
Designation : |
Director |
|
Address : |
Dwarkadheesh Residency, Flat No.10, Pimple Saudagr, Pune – 411027,
Maharashtra |
|
Date of Appointment : |
22.08.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 29.09.2007
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Prabhakar Anant Salunke |
|
48246 |
|
Mrs. Sunanda Prabhakar Salunke
|
|
17974 |
|
Mr. Anil Anant Salunke |
|
28380 |
|
Total |
|
94600 |
AS ON 29.09.2007
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
They Provide
Facility Management Services Activity Of Security, House Keeping, Manpower Supply,
Transport, Horticulture And Landscaping, Staffing Services |
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Products : |
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GENERAL
INFORMATION
|
No. of Employees : |
100 |
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Bankers : |
Bank of Maharashtra, Kasarwadi Branch, Pune – Mumbai Road, Pune –
411034, Maharashtra |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Sharad P Joshi Chartered Accountant |
|
Address : |
209, Indulal Commercial Complex, Lal Bahadur Shahtri Road, Navi Peth, Pune
– 411030, Maharashtra, India |
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|
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Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 29.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 10/- Each |
Rs.1.000 Million |
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
94600 |
Equity Shares |
Rs. 10/- Each |
Rs.0.946 Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.946 |
0.946 |
0.909 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.214 |
7.865 |
5.787 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.160 |
8.811 |
6.696 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
21.616 |
14.258 |
9.645 |
|
|
2] Unsecured Loans |
2.358 |
3.711 |
2.703 |
|
|
TOTAL BORROWING |
23.974 |
17.969 |
12.348 |
|
|
DEFERRED TAX LIABILITIES |
0.780 |
0.830 |
0.599 |
|
|
|
|
|
|
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TOTAL |
36.914 |
27.610 |
19.643 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
22.055 |
23.476 |
18.067 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
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|
|
|
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|
INVESTMENT |
1.053 |
0.053 |
0.053 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
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Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
22.242
|
16.927 |
11.578 |
|
|
Cash & Bank Balances |
0.883
|
0.825 |
0.700 |
|
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Other Current Assets |
8.420
|
5.210 |
0.000 |
|
|
Loans & Advances |
5.517
|
0.957 |
4.423 |
|
Total
Current Assets |
37.062
|
23.919 |
16.701 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
1.797
|
0.333 |
11.907 |
|
|
Provisions |
21.459
|
19.505 |
3.271 |
|
Total
Current Liabilities |
23.256
|
19.838 |
15.178 |
|
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Net Current Assets |
13.806
|
4.081 |
1.523 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
36.914 |
27.610 |
19.643 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
Sales Turnover |
|
156.240 |
113.458 |
|
|
|
|
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Profit/(Loss) After Tax |
|
3.349 |
2.077 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
02.14
|
01.83 |
-- |
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Net Profit Margin (PBT/Sales) |
(%) |
--
|
-- |
-- |
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Return on Total Assets (PBT/Total Assets} |
(%) |
--
|
-- |
-- |
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Return on Investment (ROI) (PBT/Networth) |
|
--
|
-- |
-- |
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Debt Equity Ratio (Total Liability/Networth) |
|
3.88
|
4.29 |
4.11 |
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Current Ratio (Current Asset/Current Liability) |
|
0.99
|
1.18 |
1.19 |
LOCAL AGENCY
FURTHER INFORMATION
GROUP COMPANIES
Unique Delta Force Securities Private Limited
Mr. RAVINDRA POMAN
DIRECTOR
91- 9860090000
2ND FLOOR,NANA CHEMBAR,
ABOVE BANK OF MAHARASHTRA,
KASARWADI,PUNE – 411034.
ravindra.poman@sumeetgroup.com
Sumeet Industries
Mr. Nitin Salunke
DIRECTOR
91- 9890588188
2ND FLOOR,NANA CHEMBAR,
ABOVE BANK OF MAHARASHTRA,
KASARWADI,PUNE – 411034.
Nitin.salunke@sumeetgroup.com
Nasik Branch
Maj. DALJIT SINGH
91- 9860097255
PUSHTI PARK,NO.16/20
SHOP NO.1 and 2 ,MARGASHISH SECTOR,
NEAR AMBAD POLICE STATION,CIDCO,
NASIK- 422 009.
PH. 91-253-2370300
Sumeet Infotech Private Limited
Mr. SUJIT KUTE
DIRECTOR (IT)
91- 9860097265
1ST FLOOR,NANA CHEMBAR,
ABOVE BANK OF MAHARASHTRA,
KASARWADI,PUNE – 411034.
sujitkute.sipl@sumeetgroup.com
Mumbai Branch
Mr. RAVINDRA POMAN
DIRECTOR
Mr. 91- 9860097265
B/3/7, 3 RD FLR,PLOT NO. 14 C,SECTOR 19,GROMA HOUSE,
TURBHE,VASHI ,NAVI MUMBAI-400 703.
PH. 91-22-27668982
Satara Branch
Subhedar.B.G. Khage
91- 9371311970
GULMOHAR 188/2
NEAR MASJID POLIC CHAUKI,SADAR BAZAR,
SATARA- 415001
Form 8
|
This form is for |
Modification of
charge |
||||||
|
Charge
identification number of the modified
|
80020510 |
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|
Corporate
identity number of the company |
U74140PN1992PTC068672 |
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Name of the
company |
SUMEET FACILITIES PRIVATE LIMITED |
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|
Address of the
registered office or of the principal place of business in India of the company |
Nana Chambers, 2nd Floor, Above Bank of Maharashtra,
Kasarwadi, Pune – 411034, Maharashtra, India |
||||||
|
Type of charge |
Book Debts Movable Property |
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Particular of
charge holder |
|
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Nature of description
of the instrument creating or modifying the charge |
Composite deed of hypothecation for all facilities |
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Date of
instrument Creating the charge |
10.01.2008 |
||||||
|
Amount secured by
the charge |
Rs.56.500
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest BPLR- 0.75%
currently 12.50% p.a. with monthly rests Terms of
Repayment Term loan – loan
to be repaid in 72 months, after moratorium period of 3 months from first disbursement.
The interest to be paid as and when applied. Margin 25% Extent and
Operation of the charge
|
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Short particulars
of the property charged |
By way of
hypothecation of charge over the company’s present and future movable plant.
And/ or machineries, article, installation, equipments and vehicles as
hypothecation of inventory and debtors for working capital and hypothecation
for machinery for term loan |
||||||
|
Particulars of
the present modification |
By present
agreement dated 10.01.2008 cash credit has been enhanced from Rs.5.000
Millions to Rs.15.000 Millions (Additional Rs.10.000 Millions) and Term loan I
of Rs.37.500 Millions has been created and term loan II of Rs.4.000 Millions
remains unchanged making the total limits to Rs.56.500 Millions. |
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 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.47.82 |
|
UK Pound |
1 |
Rs.73.08 |
|
Euro |
1 |
Rs.65.56 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
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 |
|