MIRA
INFORM REPORT
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Report Date : |
19.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
PANDIT AUTOMOTIVE PRIVATE LIMITED |
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Registered Office : |
Pune – 411 002, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
20.09.1980 |
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Com. Reg. No.: |
11-23155 |
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CIN No.: [Company
Identification No.] |
U50102MH1980PTC023155 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNEP00010D |
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PAN No.: [Permanent
Account No.] |
AABCP0253A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Dealer for Tata Motors. |
RATING &
COMMENTS
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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 1600000 |
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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 satisfactory
track. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. Some of the information has been parted by Mr. A S Ghare, Director –
Finance. He has agreed to part with further details and if he provides, we
shall send a. |
INFORMATION PARTED
BY
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Name : |
Mr. Rajesh Pandit |
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Designation : |
Manager in Accounts |
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Date : |
18.07.2008 |
LOCATIONS
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Registered Office : |
Ashok House, Tilak Road, Pune – 411 002, Maharashtra, India |
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Tel. No.: |
91-20-24440608 / 7273597 |
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E-Mail : |
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Website : |
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Area : |
3 Acer |
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Location : |
Owned |
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Branch : |
· PAL Tilak Road Address: Ashok House, Near Hira Baug, Tilak Road, Pune - 411002 Tel No: 95 20 24440608/ 741, 95 20 24446131/ 2 / 3 Fax No: 95 20 24447769 E Mail: panditcar@vsnl.com Store : 95 20 24449082 Sales : 95 20 24441527 · PAL - Tathwade Address: S.No. 49/2 B Tathwade, Tal - Mulshi / Dist - Pune Tel No: 95 20 27273798 / 2544, 95 20 27274256(Petrol Pump), 95 20 56340636 / 37(Showroom) Fax No: 95 20 27273331(Petrol Pump), 27274613 (Showroom) E Mail: panditcvd@vsnl.net · PAL - Sahakarnagar Address: S.No. 103, Shahu College Ground, Sahakarnagar, Parvati, Pune - 9 Tel No:95 20 24232656 / 7 / 8 / 9 Fax No:95 20 24232185 E Mail: panditcar@vsnl.net · PAL - Katraj Address: 6th Sense Shopping Complex, Pune - Satara Road, Katraj, Pune - 411046 Tel No: 95 20 56700127 · PAL - Bhosari Address: T - 139, M.I.D.C. Bhosari, Pune Tel No: 95 20 27112002 / 3 / 4 / 2324, 95 20 27112122 - S.M.K. Fax No: 95 20 27112005 Email: panditbhosari@vsnl.net · PAL – Pimpri Address: S.No. 209, Unit No. 1 to 5, B Wing, Pimpri, Opp. P.C.M.C. Pune - Bombay Road, Pune - 411018 Tel No: 95 20 27425738 / 39 Fax No: 95 20 27425741 / 95 20 27425720
· PAL - Nere Yard Address: Marunji Pune Road, Tal - Mulshi/Dist - Pune Tel No: 95 20 22966052 Fax No: 95 20 22966082
· PAL - Chakan Address: Gate No. 484/3, Chakan, Opp. Bhyagayalaxmi Mangal, Tal-Khed / Dist-Pune Tel No:95 2135 286532 · PAL - Baramati Address: Baramati Neera Road, Kasba, Baramati - 413102 Tel No: 95 2112 222569 / 560655 Fax No: 95 2112 222569 E Mail: panditcar@vsnl.net
· PAL – Satara Address: Krishana Nagar, Satara - Koregaon Road, Satara - 415003 Tel No:95 2162 244685 / 248116 Fax No: 95 2162 244180 E Mail: str_panditsa@sancharnet.in
· PAL - Satara / M.I.D.C. Address: J - 7, Additional M.I.D.C., Satara - 415004 Tel No:95 2162 245265 / 244179 Fax No:95 2162 45473 E Mail: str_panditsa@sancharnet.in
· PAL - Satara / Ashiyana Address: J - 13, Additional M.I.D.C., Satara, 415004 Tel No: 95 2162 247520 Fax No:95 2162 247520 E mail: str.aalsat@sancharnet.in
· PAL - Satara / Karad Address: Near Reliance Petrol Pump, Pune - Bangalore Highway, Malkapur, Tal-Karad, Dist. Satara. Tel No: 95 2164 242277
· PAL - Sangli Address: Sangli Miraj Road, Vishrambaug Guest House, Sangli - 416415 Tel No: 95 233 5604733 / 1933,
95 233 5602993, 95 233 5604633(Rajesh), Fax No: 95 233 2671154 E Mail: san_palsng@rediffmail.com
· PAL - Sangli / Tung Address:Sangli Islampur Road, Tal-Miraj, Dist-Sangli. Tel No:95 233 2437691 / 747, 95 233 5626933 E Mail: san_palsng@rediffmail.com |
DIRECTORS
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Name : |
Mr. Abhijit Shridhar Deshpande |
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Designation : |
Chairman cum Managing Director |
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Address : |
Pushkar 33/32 Erandawana Pune – 411 004, Maharashtra, India |
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Date of Birth/Age : |
30.04.1940 |
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Date of Appointment : |
10.09.1997 |
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Name : |
Mr. Gunavat Amrutlal
Sanghrajka |
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Designation : |
Chairman cum Managing Director |
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Address : |
E -1, Breach Candy Apartments, Warden Road, Mumbai – 400 026,
Maharashtra, India |
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Date of Appointment : |
05.12.2002 |
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Name : |
Mr. Avinash Shridhar Ghare |
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Designation : |
Chairman Cum Managing Director |
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Address: |
S No.672/5B, Flat No. B6, Sangam Apartments, Bibawewadi, Pune- 411
037, Maharashtra |
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Date of Birth: |
10.08.1940 |
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Date of Appointment : |
22.09.2000 |
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Name : |
Mr, Suresh Balakrishna Narke |
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Designation : |
Chairman cum Managing Director |
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Address: |
21, Ridhi, Bhaktiyog co –operative Housing
Society, 123/A/1, Ram Baug Colony MIT College Road, Paud Road, Pune – 411
038, Maharashtra |
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Date of Birth: |
07.10.1943 |
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Date of Appointment : |
22.09.2000 |
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Name : |
Mr. Vijay Shrikant Gokhale |
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Designation : |
Chairman cum Managing Director |
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Address : |
19/2, Erandawane, Pune – 411 004, Maharashtra |
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Date of Birth: |
10.07.1956 |
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Date of Appointment : |
22.09.2000 |
KEY EXECUTIVES
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Name : |
Mr. R H Pandit |
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Designation : |
Chairman |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 30.09.2005)
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Names of Shareholders |
No. of Shares |
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Mr. Ramchandra Harihar Pandit |
7664800 |
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Mr. Abhijit Shridhar Deshpande |
21000 |
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Mr. Hemant Gopal Karve |
7000 |
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Mrs. Smita Hemant Karve |
704 |
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Mr. Vilas Gavankar |
704 |
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Mrs. Aruna Vilas Gavankar |
704 |
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Mrs. Shobha Vijay Gokhale |
1400 |
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Mr. Vijay Shrikant Gokhale |
1400 |
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Mr. Suhas Vinayak Shate |
704 |
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Mrs. Nita Suhas Shete |
704 |
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Total |
7699120 |
List of Allottees
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Names of Shareholders |
No. of Shares |
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Ramchandra Harihar Pandit jointly with Abhijit Shridhar Deshpande |
250000 |
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Total |
250000 |
Equity shares Breakup (percentage of total equity)
(As on 30.09.2007)
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Category |
Percentage |
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Directors or relative of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealer for Tata Motors. |
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Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
600 |
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Bankers : |
· The Shamrao Vithal Co-operative Bank limited Address: Jangali Maharaj Road,
Deccan Gymkhana Pune - 411 004,
Mahrashtra, India · The Cosmos Co-operative Bank Limited Address: 269/270 Shanivar Peth Pune, Laxmi
Road Branch, Pune - 411 030, Maharashtra, India Email: bmacosec@eth.net ·
State Bank of India Commercial Branch |
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Facilities : |
CC – Rs.140.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Sudhir Paithankar Chartered Accountants |
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Address : |
205, Bharat Bhavan, 1360 Shukrawar Peth, Pune – 411 002, Maharashtra,
India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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8250000 |
Equity Shares |
Rs.10/- each |
Rs.82.500 millions |
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2750000 |
Preference Shares |
Rs.10/- each |
Rs.27.500 millions |
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Total |
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Rs. 110.000
millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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8250000 |
Equity Shares |
Rs.10/- each |
Rs.82.500
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
82.500 |
80.000 |
76.991 |
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2] Share Application Money |
0.000 |
0.000 |
10.015 |
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3] Reserves & Surplus |
232.160 |
218.106 |
209.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
314.660 |
298.106 |
296.006 |
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LOAN FUNDS |
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1] Secured Loans |
456.776 |
465.778 |
404.989 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
456.776 |
465.778 |
404.989 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
771.436 |
763.884 |
700.995 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
515.319 |
406.215 |
376.290 |
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Capital work-in-progress |
8.129 |
0.000 |
0.000 |
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INVESTMENT |
3.507 |
8.373 |
8.133 |
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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 |
292.937
|
221.096 |
181.423 |
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Sundry Debtors |
207.234
|
191.708 |
157.366 |
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Cash & Bank Balances |
20.384
|
27.630 |
24.831 |
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Other Current Assets |
155.476
|
89.355 |
73.401 |
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Loans & Advances |
157.850
|
206.225 |
166.977 |
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Total
Current Assets |
833.881
|
736.014 |
603.998 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
576.490
|
376.490 |
282.139 |
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Provisions |
12.910
|
10.228 |
5.287 |
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Total
Current Liabilities |
589.400
|
386.718 |
287.426 |
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Net Current Assets |
244.481
|
349.296 |
316.572 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
771.436 |
763.884 |
700.995 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover [including other income] |
|
3896.217 |
3912.433 |
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Total Income |
|
3896.217 |
3912.433 |
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Profit/(Loss) Before Tax |
|
17.856 |
13.387 |
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Provision for Taxation |
|
5.875 |
4.040 |
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Profit/(Loss) After Tax |
|
11.981 |
9.347 |
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Expenditures : |
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Depreciation & Amortization |
|
8.629 |
5.894 |
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Financial Charges |
|
68.886 |
53.540 |
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Other Expenditure |
|
3723.331 |
3780.178 |
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Total Expenditure |
|
3800.846 |
3839.612 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
NA |
0.30 |
0.23 |
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Net Profit Margin (PBT/Sales) |
(%) |
NA |
0.45 |
0.34 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
1.56 |
1.36 |
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Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.05 |
0.04 |
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Debt Equity Ratio (Total Liability/Networth) |
|
3.32 |
2.85 |
2.33 |
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Current Ratio (Current Asset/Current Liability) |
|
1.41 |
1.90 |
2.10 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References :
·
BU Bandari Auto – Pune
·
Baramati Automotive - Baramati
Form No. 8
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Name of the company |
PANDIT AUTOMOTIVE PRIVATE LIMITED |
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Presented By |
Abhijit Shridhar
Deshpande |
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1) Date and description of instrument creating the change |
Agreement of cash
Credit and common Deed of Hypothecation of movable / Assets / Debts dated 3rd
October, 2002. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.25.000
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 |
Stock of spares
and debtors of Sangli and Satara
branches of Pandit Automotive Private Limited, in addition to receivables
proportionately. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest @ 16%
p.a. or at such lending rate that the bank may determine to charge from time
to time. |
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5) Name and Address and description of the person entitled to the charge. |
The Shamrao Vithal Co-operative Bank limited Deccan Gymkhana
Pune - 411 004, Mahrashtra, India |
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6) Date and brief description of instrument modifying the charge |
Memorandum of
Equitable Mortgage by deposit of Title Deeds dated 14th January
2005. |
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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. |
Collateral
Security by way of equitable mortgage of Loan bearing S.
No. 49/2B admeasuring 80R alongwith the building constructed thereupon
situated at Mauje Tathavade Taluka Mulshi, Dist. Pune Land bearing Gate
No. 133 situated at Ashta Sangli Road Village Tung, Taluka Miraj, Dist.
Sangli admeasuring 1H 24R Plot No J-7
admeasuring 10052 Sq. Mtrs. Situated at Additional MIDC, Satara Mauje Godoli,
Dist. Satara extended for the cash credit limit of Rs.25.000 millions. Rate of Interest
on the said cash credit revised at 11.50% p.a. Other
terms remain the same. 4. Plot No. J-3/2
admeasuring 12030 Sq. Mtrs. Situated at Additional MIDC, Satara Mauje Godoli,
Dist. Satara |
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Corporate
identity number of the company |
U50102MH1980PTC023155 |
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Name of the
company |
PANDIT AUTOMOTIVE PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in India of the company |
Pune – 411 002, Maharashtra, India |
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This form is for |
Creation of
charge |
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Type of charge |
·
Immovable
property ·
Book debts ·
Floating
charge |
|
Particular of charge
holder |
The Cosmos Co-operative Bank Limited 269/270 Shanivar Peth Pune, Laxmi Road Branch, Pune - 411 030,
Maharashtra, India Email: bmacosec@eth.net |
|
Nature of
instrument creating charge |
Deed of Mortgage
dated 14.02.2007 |
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Date of
instrument Creating the charge |
14.02.2007 |
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Amount secured by
the charge |
Rs.50.000
millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
·
Rate of
Interest Interest : 10% p.a. ·
Terms of
repayment Period For Term Loan : 60 Months For Cash Credit : Repayable on demand subject to review within 12
months ·
Margin For Term Loan : 25% in bank’s favour For Cash Credit : 40% in bank’s favour ·
Extent and
operation of the charge The charge shall continue to operate as a first charge until the full
repayment of the credit facility by the company ·
Others Facility Term Loan : Rs.32.000 millions Cash Credit : Rs.18.000 millions |
|
Particulars of
the property charged |
Stock and Debtors Land and Building
at gate No. 77, Hissa No. ˝, Taluka Mulshi, District Pune as more Particularly
described in schedule I of the deed of mortgage and also at S. No. 22/2 and
22/1/2 village Godoli Dist. Satara as more particularly described in schedule
II of the deed of mortgage dated 14.02.2007 |
WEBSITES DETAILS:
Entering the niche of automobile dealership in April 1947, Mr. R.H.Pandit, their Founder and Mentor, under the tag ‘automotive Services’ has made an indelible mark. Sub-dealership of Tata Motors (then TELCO) for Tata-Mercedez Benz in April 1955 was first feather in his cap. He marched ahead to get the authorized dealership for whole range of Tata Motors in June 1962.
Since then, he has taken everything in his stride and crossed many milestones in the journey of over 50 years. Riding the market wave, he shifted the business to form company enabling the business multiple finance options and wielding increased grip on the business.
He went on to take dealership of Hindustan Petroleum Corporation Limited to give value added service to customers.
He is also a founder member of Maratha Chamber of Commerce and Industries and was a Treasurer of the Chamber for many years.
Board of Directors:-
(1) Shri A S Deshpande :- An engineer by profession and Chairman and Managing Director of the company, he is keeping close watch on day to day activities for last 35 years. He was instrumental in turning the company around.
(2) Shri S B Narke :- Being a technical person, he wears two hats at a time, Director – Commercial Vehicles looking after workshop for over 25 years and Marketing activities for over 15 years.
(3) Shri A
S Ghare :- Director – Finance and System, a Chartered
Accountant by profession having vast experience of over 35 years in Finance. He
is a visionary and handles financial matters creatively and efficiently.
Earlier he was one of the top functionaries in Kirloskar Brothers Limited
(4) Shri V S Gokhale :- He is Director – Passenger Cars. A management graduate and technically competent person looking after both Workshop and Sales for last 15 years. He was instrumental in forming management policies of the organization.
The Standing
· Dealer for whole range of Tata Vehicles and Spare parts thereof.
· Authorized Dealer for three district in Maharashtra viz. Pune, Satara and Sangli.
· Ranked in top 5 dealers all over India by Tata Motors.
· Amongst top dealers with privilege of selling Fiat vehicles.
· A dedicated team of 300 + experienced professional including Automobile Engineers, Computer Engineers, Mechanical Engineers, Chartered Accountants, Service Personnel and other skilled staff Eveready To Give
· Best Services to The Customers.
· Achievements of Pandit automotives Private Limited
Excelling in the Sales of Tata Diesel Vehicles in the Western Zone during 1984-85.
· 'Wahatuk Mitra' award by Poona Motor Goods Transport Association 1992.
· Telco Western Zone 'Performance Award' in 1994-95.
· All India Dealer's Conference 1995 Award for SUMO Sales.
· Completion of 40 years of Telco Dealership award by TDLF 1995-96.
· All India dealers Conference 'Best support for Institutional Sales' 1996-97 by Mr. Ratan Tata in the Dealers Meeting.
· Excelling in Sales of Tata Diesel Vehicles in the Western Zone during 1999-2000.
· Telco Western Zone 'Performance Award' for the year 1999-2000 for Spare Parts Sales.
· First rank in Customer Satisfaction Index amongst all Telco Dealers in India for the year 2000-2001.
· First amongst Telco Dealers in India all over India in the area of sales of spare parts for the year 2000-2001.
· First in the area of sales of multi utility vehicles at all India level for the year 2000-2001.
· The Certificate of Achievement for Dealership with the best performance in 'After Sales Services' for the year 2000-2001 in Commercial Vehicles.
· All India 1st ranked Dealership in Spare Parts Sales for the year 2001-2002.
· All India 2nd rank achieving highest sale in Passenger Car Division for the year 2001-02.
· All India 1st rank for achieving highest sale in Multi utility Vehicles for the year 2001-2002.
· 'Vyavasaya Bhusan Puraskar' by Maratha Chamber of Commerce Satara 2002.
Various Branches and Outlets of the Pandit automotives Private Limited.
· Pune District
· Satara District
· Sangali District
· Establishment of Vehical State Offices
- Karad (1995-96)
- Baramati (1996-97)
- Manjari (1997-98)
- Chakan (1998-99)
- Karad
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.78 |
|
UK Pound |
1 |
Rs.85.51 |
|
Euro |
1 |
Rs.67.90 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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. |
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 |
|