MIRA
INFORM REPORT
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Report Date : |
06.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
JEEVAN DIESELS AND ELECTRICALS LIMITED |
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Registered Office : |
17 Ganesh Chandra Avenue, Kolkata 700013, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
14.05.1991 |
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Com. Reg. No.: |
051739 |
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CIN No.: [Company
Identification No.] |
L31101WB1991PLC051739 |
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IEC No.: |
0793012368 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEJ02293E |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business : |
Manufacturers of DG Sets, Control Panels and Pump sets. |
RATING &
COMMENTS
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MIRAs 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 609588 |
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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 good. Payments are usually correct
and as per commitments. The company can be considered good for any normal business dealings at
usual trade terms. |
LOCATIONS
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Registered/ Head Office : |
17 Ganesh Chandra Avenue, Kolkata 700013, West Bengal |
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Tel. No.: |
91-33-22119022/ 22113329/ 23379405 |
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Mobile No.: |
91-33-9331061826/ 94330-12236 |
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Fax No.: |
91-33-22251891 |
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E-Mail : |
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Website : |
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Area |
1000 sq. ft. |
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Location : |
Rented |
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Factory : |
Tel. No. 91-413-611722/611858 Telefax : 91-413-611859 E-mail : pondicherry@jeevandiesels.com
Tel. No. 91-260-2644161/2644163 Fax No. 91-2640650 E-mail : silvassa@jeevandiesels.com
Tamil Nadu, India Tel. No. 91-413-371583 Fax No. 91-413-371070
Tel. No. 91-478-872195/395117
Tel. No. 91-80-25731522 |
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Corporate Office : |
No.75, Farah Commercial Complex, J. C. Road, Bangalore 650002,
Karnakata, India |
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Tel. No.: |
91-80-22215116/ 22233365/ 22215849/ 2232846/ 2242046/ 2215355/
2213809 |
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Fax No.: |
91-80-22227415 |
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E-Mail : |
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Website : |
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Regional Office : |
Tel. No. 91-11-23730468/23736554 Fax No. 91-11-23730610 E-mail : delhi@jeevandiesels.com
Tel. No. 91-44-8230054/8263880 Fax No. 91-44-8263880 E-mail : chennai@jeevandiesels.com
Andheri (West), Mumbai 400053, Maharashtra, India Tel. No. 91-22-26329272/3/4/5 Fax No. 91-22-26329081 E-mail : mumbai@jeevandiesels.com
Tel. No. 91-484-2395010/2395753/2395117 Fax No. 91-484-2395010 /2390791(R) Mobile : 3116664 E-mail : cochin@jeevandiesels.com Contact Person : Mr. Lalu
Tel. No. 91-836-351917 Mobile : 9844164932 Contact Person : Mr. Sanjay Hattiholi
Mobile : 3105666 E-mail : madurai@jeevandiesels.com
Tel. No. 91-422-2380880/2380812 Fax No. 91-422-2303057 Mobile : 3107241 E-mail : coimbatore@jeevandiesels.com Contact Person : Mr. G. Srinivas
Tel. No. 91-40-27711239/27712274 Fax No. 91-40-27715483 Mobile : 31044869 E-mail : secunderabad@jeevandiesels.com Contact Person : Mr. B. P. Sinha
Tel. No. 91-866-2476439/2666439 Fax No. 91-866-2476439 Mobile : 3107011 E-mail : vijaywada@jeevandiesels.com Contact Person : Mr. S. R. Reddy
Tel. No. 91-612-2225317 Fax No. 91-612-2226998 Mobile : 3114678 E-mail : patna@jeevandiesels.com Contact Person : Mr. R. K. Sinha
Tel. No. 91-79-6430978/ (R) 7540011 Fax No. 91-79-6400716 Mobile : 31004513 E-mail : ahmedabad@jeevandiesels.com Contact Person : Mr. D. V. Shah
Tel. No. 91-891-2527360 Mobile : 23103042 Contact Person : Mr. Prasad Rao
Tel. No. 91-674-2430151/ (R) 2443094 Mobile : 3102090 Contact Person : Mr. S. K. Samal |
DIRECTORS
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Name : |
Mr. Jatan Lal Bardia |
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Designation : |
Director |
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Address : |
17 Ganesh Chandra Avenue, Kolkata 700013, West Bengal |
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Date of Birth/Age : |
01.09.1952 |
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Qualification : |
B.Com., FCA |
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Experience : |
35 years |
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Date of Appointment : |
14.05.1991 |
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Name : |
Mrs. Manju Bardia |
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Designation : |
Director |
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Address : |
17 Ganesh Chandra Avenue, Kolkata 700013, West Bengal |
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Date of Birth/Age : |
05.12.1959 |
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Qualification : |
B.A. |
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Experience : |
35 years |
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Date of Appointment : |
14.05.1991 |
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Name : |
Mr. Kamal Singh Jain |
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Designation : |
Director |
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Address : |
No.75, Farah Commercial Complex, J. C. Road, Bangalore 650002, Karnakata,
India |
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Date of Birth/Age : |
01.04.1950 |
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Qualification : |
M. Com, LLB |
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Experience : |
35 years |
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Date of Appointment : |
26.05.1992 |
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Tel No.: |
91-80-6680980 |
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Name : |
Mrs. Saroj Jain |
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Designation : |
Director |
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Address : |
No.75, Farah Commercial Complex, J. C. Road, Bangalore 650002,
Karnakata, India |
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Date of Birth/Age : |
22.07.1948 |
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Qualification : |
M.A. BED |
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Experience : |
35 years |
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Date of Appointment : |
26.05.1992 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Jatan Lal Bardia |
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10 |
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Mrs. Manju Bardia |
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10 |
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Category |
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Percentage |
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Bodies Corporate (Not mentioned above) |
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38.71 |
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Directors or relatives of directors |
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61.29 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of DG Sets, Control Panels and Pump sets. |
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Products : |
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Brand Names : |
JEEVAN |
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Exports : |
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Products : |
DG Sets |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C and Cash |
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Purchasing : |
L/C, Cash and Credit (30 days) |
PRODUCTION STATUS
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Particulars |
Installed
Capacity |
Actual
Production |
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DG Machines |
5000 per annum |
2500 per annum |
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GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
251 ( 47 Office, 52 Factory, 152 Branch Office) |
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Bankers : |
Raheja Towers, 6th Floor, No.26/27, M. G. Road, Bangalore
560001, Karnataka, India
94, MOEE, V.V. Puram, Bangalore 560004, Karnataka, India Tel. No. 91-80-6615590
17, Ali Asker Road Cross, Cunningham Road, Bangalore 560052, Karnataka, Tel. No. 91-80-2267890/1/2/3
J.C. Road, Bangalore 560002, Karnataka, India
M G Road Branch,
Bangalore 56001 |
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Facilities : |
Credit Limit - Rs.30.000 Millions and 20.000 Millions ADHOC Credit Limit Rs.65.000 Millions of L/Cs and BGs |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
S. N. Chaubey and Company, Chartered Accountants, |
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Address : |
No. 29, Balaram Dey Street, Kolkata 700006, West Bengal, India |
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Associates/Subsidiaries : |
75, Farah Commercial Complex, J C Road, Bangalore 560002, Karnataka, Acts as Manufacturers of Pump sets and Motors. |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000000 |
Equity Share |
Rs.10/- each |
Rs.50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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310000 |
Equity Share |
Rs.10/- each |
Rs.3.100
Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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3.100 |
3.100 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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149.297 |
144.859 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
|
152.397 |
147.959 |
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LOAN FUNDS |
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1] Secured Loans |
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35.838 |
24.863 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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35.838 |
24.863 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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188.235 |
172.824 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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42.474 |
44.455 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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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 |
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161.904 |
127.210 |
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Sundry Debtors |
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87.977 |
74.494 |
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Cash & Bank Balances |
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18.811 |
12.852 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
|
19.224 |
10.667 |
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Total
Current Assets |
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287.916 |
225.223 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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142.316 |
96.858 |
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Provisions |
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0.000 |
0.000 |
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Total
Current Liabilities |
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142.316 |
96.858 |
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Net Current Assets |
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145.600 |
128.365 |
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MISCELLANEOUS EXPENSES |
|
0.161 |
0.000 |
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TOTAL |
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188.235 |
172.822 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover |
|
450.130 |
433.165 |
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Other Income |
|
0.616 |
2.612 |
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Total Income |
|
450.746 |
435.777 |
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Profit/(Loss) Before Tax |
|
6.214 |
3.251 |
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Provision for Taxation |
|
4.438 |
2.558 |
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Profit/(Loss) After Tax |
|
1.776 |
0.693 |
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Export Value |
|
N.A. |
N.A. |
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Import Value |
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N.A. |
N.A. |
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Expenditures : |
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Raw Material Consumed |
|
373.764 |
379.645 |
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Purchases made for re-sale |
|
0.000 |
0.000 |
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Consumption of stores and spares parts |
|
0.000 |
0.000 |
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Increase/(Decrease) in Finished Goods |
|
0.000 |
0.000 |
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Salaries, Wages, Bonus, etc. |
|
14.706 |
14.662 |
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Managerial Remuneration |
|
0.708 |
0.558 |
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Payment to Auditors |
|
0.042 |
0.039 |
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Interest |
|
4.849 |
3.231 |
|
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Insurance Expenses |
|
0.217 |
0.261 |
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Power & Fuel |
|
0.706 |
0.636 |
|
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Depreciation & Amortization |
|
3.458 |
3.214 |
|
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Other Expenditure |
|
46.081 |
30.279 |
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Total Expenditure |
|
444.531 |
432.525 |
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KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
|
0.39 |
0.16 |
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Net Profit Margin (PBT/Sales) |
(%) |
|
1.38 |
0.75 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.88 |
1.20 |
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Return on Investment (ROI) (PBT/Networth) |
|
|
0.04 |
0.02 |
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Debt Equity Ratio (Total Liability/Networth) |
|
|
1.17 |
0.82 |
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Current Ratio (Current Asset/Current Liability) |
|
|
2.02 |
2.32 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8:
|
Corporate identity
number (CIN) Foreign company registration number |
L31101WB1991PLC051739 |
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Name of the
Company |
JEEVAN DIESELS AND ELECTRICALS LIMITED |
|
Address |
17 Ganesh Chandra Avenue, Kolkata 700013, West Bengal, India |
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This form is for |
Modification of
Charge |
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Type of Charge |
Immovable
property Book debts Movable Property
( not being pledge) Furniture and
Fixture |
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Particulars of
the charge holder |
Centurion Bank of
Punjab Limited No, 17, Cunningham
Road, Bangalore 560052, Karnataka, India |
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Nature or
description of the instrument(s) creating or modifying the charge |
Supplemental
Hypothecation of Goods, Vehicles, Plant and Machinery, Stocks and Book debts Memorandum of
deposit for extension of mortgage |
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Date of the
instrument creating or modifying the charge |
22.09.2006 |
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Amount secured by
the charge |
Rs.101.500
Millions |
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Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest
: CC-11.50% p.a.
with monthly/ daily rest on the balance outstanding BD (Sub Limit to CC) Term
Loan -13% p.a. with rest on the balance 2% over and above
the applicable rate of interest. Terms of
repayment : CC-12 Months BD (Sub Limit to
CC) TL 60 months BG-Uuto 36 months ADHOC BG 90 days Margin : As Existing Extent and
operation of the charge : To cover loan amount
plus costs, Expenses, Interest and other incidentals |
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Short particulars
of the property charged (including location of the property) |
Hypothecation of
all movable as per agreement Equitable
Mortgage of immovable property Plot No.III, Madhuban Industrial Estate,
Madhuban Dam Road, Rakholi Village, Silvassa 396230 Equitable
Mortgage of immovable property RS No.55/1, Cuddalore Main Road, Kattuppam,
Pondicherry 607402, All Property
owned by the company |
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Particular of the
present modification |
N.A. |
|
Name of the company |
JEEVAN DIESELS AND ELECTRICALS LIMITED |
|
Presented By |
ING Vysya Bank
Limited M G Road Branch,
Bangalore 56001 and JEEVAN DIESELS AND ELECTRICALS LIMITED |
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1) Date and description of instrument creating the change |
Date : 17.09.2005 General
Hypothecation Agreement |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.90.000
Millions CC Rs.36.000
Millions EPC and PSC Rs.10.000
Millions LC Rs.32.400
Millions BG Rs.21.600
Millions |
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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 |
Present and
future goods, machinery, book debts and all other movable of the borrower
including document of titles to goods and all other movables such as
outstanding moneys, receivables, claims, bills, invoice, documents,
contracts, engagements, securities, investments, past and the present machinery
listed in the schedule here upto and all future machinery belonging to or in
the possession or under the control of the borrower whether lying stored and
kept and whether in possession of the borrower or of the Bank or of any third
party whether in India or else where thought the world (including all such goods and all other
movable as may be in course of shipment transit or delivery) shall stand
hypothecated to the Bank from time to time by way of first charge. All the
stocks of raw materials, works in process, finished goods, and all other
consumable stores and spares stored in various locations. All receivables
due to the company and all the machinery/ ies purchased/ to be purchased out
of Bank finance/ own finance |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest
: CC 0.5% p.a. below banks IVRR which is as on 05.10.2005 is 12% effective
rate is 11.5% per annum with periodical rests and / or at such rates and
rests as may be specified by the bank from time to time. PCL/ FBE/ FBD :
3.5% below Banks IVRR which is as on 05.10.2005 is 12% effective rate is 8.5%
p.a. with periodical rests and / or
at such rates and rests as may be specified by the bank from time to time. In case of
default interest at 16.5% per annum with periodical rests. Penal Interest:
2% p.a. Margin: 25% on
stocks/ PCL/ Book debts. Repayments : On demand Company has to create a pri passu first charge with Centution Bank Limited on receivables, plant and machinery, movable and immovable Assets. |
|
5) Name and Address and description of the person entitled to the charge. |
ING Vysya Bank
Limited M G Road Branch,
M G Road, Bangalore 560001 (A banking
Company) |
|
6) Date and brief description of instrument modifying the charge |
Date : 19.09.2005 Interest
Arrangement between the Banks for sharing of securities under multiple
banking. Equitable
mortgage by deposit of title deeds with centurion Bank Limited Letter
Confirming deposit of title deeds enclosed. (Both the above
pertain to same charge) |
|
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. |
By the above
Agreement, the security/ ies like stocks, goods, book debts, receivable other
movable assets, plant and machinery etc. and the securities of company
Immovable property situated a) Survey No. 73
Cadastre No.862/2, Reseurve No.55/1, Patta No.143, measuring 14 acres, 15
centiars i.e. 26 Kuzhies 8 veerams together with old borewell situated at
Pillayakuppam Revenue Village, Bahour Commune Panchyat, Bahour Sub
Registration District Pondicherry,
Registration District b) Survey No. 73
Cadastre No.862/2, Reseurve No.55/1, Patta No.143, measuring 86 acres, 95
centiars i.e.1 Kani, 62 Kuzhies, 88 veerams situated at Pillayakuppam,
Pillayakuppam Revenue Village, Bahour Commune Panchyat, Bahour Sub
Registration District Pondicherry,
Registration District c) Survey No. 73 Cadastre No.862/2, Reseurve No.55/1, Patta No.143, measuring 86 acres, 95 centiars i.e.1 Kani, 62 Kuzhies, 88 veerams, out of which 20 acres i.e. 37 Kuzhies, 8 veerams, on the western side situated at Pillayakuppam Revenue Village, Bahour Commune Panchyat, Bahour Sub Registration District Pondicherry, Registration District and Survey No.99/2/3 (Industrial Plot No.03), Rakholi Village, Dadar and Nagar, Haveli will be shared on a pri passu first charge basis between ING VYSYA BANK LIMITED for their credit facilities of Rs.90.000 Millions and Centution Bank Limited for their credit facilities of Rs.60.000 Millions without any preference or property of one over the other. (All other Terms and Conditions remain unchanged) |
It is in trade terms with:
- Ashok Leyland
Limited Leyland Engines
- Hindustan
Powerplus Limited Caterpillar Engines
- Greaves
Limited Greaves Engines
- CG Newage
Electrical Limited Stamford AC Generators
- Elgi Electric
and Industries Limited Elgi AC Generators and Motors
- Jyoti Limited
AC Generators
- GE Power
Controls Limited Switch Gears
- Mather and
Platt Limited Pumps
- Manohar
Marbles and Minerals, Ahmedabad, Gujarat, India
- Poonam Dyeing
and Painting Mills, Ahmedabad, Gujarat, India
- Bosch
Engineers, Ahmedabad, Gujarat, India
- Panyam
Cements, Bangalore, Karnataka, India
- International
Instruments Limited, Bangalore, Karnataka, India
- Banyan
Network, Chennai, Tamil Nadu, India
- Silicon
Valley Communication, Chennai, Tamil Nadu, India
- Jai Parabolic
Springs, Chennai, Tamil Nadu, India
- Amrita
Institute of Science and Technology, Coimbatore, Tamil Nadu, India
- Kumaran
Silks, Coimbatore, Tamil Nadu, India
- Marico
Industries, Palakkad, Kerala, India
- Maliyakkal
Roller Flour Mills, Palakkad, Kerala, India
- Bharat Sugar
Mills, Kolkata, West Bengal, India
- Dalhousie
Jute Company, Kolkata, West Bengal, India
- Tata Infotech
Limited, New Delhi, India
- Bhaskar
Industries Limited, Mumbai, Maharashtra, India
- S. D.
Compaque Poly India Limited, Patna, Bihar, India
oem
of FOREIGN:
- Greaves
- Mahindra and Mahindra
- Ashok Leyland
- Simp sons
- Perkins
- Volvo
- Deutz
Website details:
- COMPANY
PROFILE :
Established in 1978, subject
is one of the leading companies in the country for Diesel Generating Sets ranging
from 3 KVA-2500 KVA. With over 25 Years of experience in assembly, sales and
service, they offer a one-stop single source power solution. They provide their
clients with turnkey solutions including design of powerhouse and erection /
commissioning of chimneys, ventilation systems, and secondary cooling systems,
bulk oil tanks, electrical systems, lighting and instrumentation.
Subject is headquartered in
Kolkata with the Corporate Office at Bangalore. They have an extensive branch
and service network in all the major cities in India. Assembly of DG sets is
carried out in their manufacturing units at Pondicherry and Silvassa. These
units have been equipped with the latest assembling and testing facilities,
setting the standard for quality. They are the OEM's (Original Equipment
Manufacturers) for major engine and alternator manufacturers like Ashok
Leyland, Deutz, Perkins, Cummins, Mahindra, Stamford and others.
- CUSTOMER BASE:
Subject Customer
base includes Pharmaceuticals, Cement, Construction, Petroleum companies, Iron
and Steel, Software Industries, Hotels, High Rise Buildings, Foods and
Beverages, Agro, Textiles, Cold Storage, Telecommunications.
- QUALITY POLICY:
"They are committed to manufacture reliable and
consistent Quality Diesel generating sets, Control panels and associated
accessories and are also dedicated to provide dependable product support to
achieve total customer satisfaction. They shall continuously improve their
technology and human skills to excel in our activities. Their employees are
their most valuable assets and they shall continuously nurture them to peak
performance through team work".
To help maintain highest standards of quality, all their raw
materials and machines are stringently tested. Subject spends a sizable amount in the training of its employees
and consultants. The training is targeted at emerging technologies and
methodologies, skills up gradation and behavioral aspects. They are constantly
striving to improve their quality assurance activities by conducting periodic
external audits by independent experts and trying and incorporating their
suggestions to make sure the experience with subject meets global standards.
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 Intl
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 companys 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.39.43 |
|
UK Pound |
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.58.41 |
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 |
|
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
NO |
|
TOTAL |
|
54 |
This score serves as a reference to assess SCs 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 |
|