MIRA
INFORM REPORT
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Report Date : |
03.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUPREME AND COMPANY PRIVATE LIMITED |
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Registered Office : |
53, Justice Chandra Madhav Road, Kolkata – 700020, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
26.04.1978 |
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Com. Reg. No.: |
21 - 031466 |
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CIN No.: [Company
Identification No.] |
U24116WB1978PTC031466 |
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TAN No : |
CALS17898G |
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PAN No : |
AACCA7232K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers of Electrical Goods. |
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 566800 |
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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 meeting its normal
commitments timeously. General financial position is good. Business is
active. The company can be considered good for normal business dealings. |
LOCATIONS
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Registered Office : |
53, Justice Chandra Madhav Road, Kolkata – 700020, West Bengal, India |
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Tel. No.: |
91-33-24747565 / 24747585 / 24745984 / 24745985 |
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Fax No.: |
91-33-24746537 / 24761955 |
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E-Mail : |
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Website : |
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Factory : |
P-200, Benaras Road, Howrah – 711 108, West Bengal, India. |
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Tel. No.: |
91-33-2651 3719/ 26516701/05 |
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Fax No.: |
91-33-651 4792/ 26516706 |
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Sales Office : |
Located at: United Kingdom and Europe 2, Chapel Street, Haconby Bourne, Lincs - Pe100UP, England |
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Tel No.: |
44-1778-571800 |
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Mobile No.: |
44-7747-830086 |
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Fax No.: |
44-8452-802292 |
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E-mail : |
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Sales Office : |
Located at: USA and Canada 5974 Highway, 129 North, Unit H, Pendergrass, GA – 30567, USA |
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Tel No.: |
706 – 693 - 2090 |
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Mobile No.: |
678-665-5415 |
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Fax No.: |
706-693-2099 |
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E-mail : |
DIRECTORS
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Name : |
Mr. Rajesh Agarwal |
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Designation : |
Director (President) |
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Address : |
66 A, Chakraberia Road (North), Kolkata – 700020, West Bengal, India |
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Date of Birth/Age : |
10.04.1961 |
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Name : |
Mr. Omkar Agarwal |
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Designation : |
Director |
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Address : |
66 A, Chakraberia Road (North), Kolkata – 700020, West Bengal, India |
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Date of Birth/Age : |
07.04.1930 |
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Date of Appointment : |
01.07.1988 |
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Name : |
Mr. Harish Agarwal |
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Designation : |
Managing Director and CEO |
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Address : |
66 A, Chakraberia Road (North), Kolkata – 700020, West Bengal, India |
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Date of Birth/Age : |
30.01.1959 |
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Date of Appointment : |
22.11.1999 |
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Name : |
Mr. Ramesh Agarwal |
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Designation : |
Director |
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Address : |
66 A, Chakraberia Road (North), Kolkata – 700020, West Bengal, India |
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Date of Birth/Age : |
04.04.1932 |
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Date of Appointment : |
20.03.2006 |
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Name : |
Mr. Omkar Agarwal |
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Designation : |
Chairman |
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Name : |
Mr. Bob Wiffen |
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Designation : |
Director of Marketing (Overseas Country Heads) |
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Name : |
Mr. John Landis |
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Designation : |
President |
KEY EXECUTIVES
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Name : |
Mr. Ashish Banerjee |
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Designation : |
Sales Manager |
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Name : |
Mr. Alok Pal |
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Designation : |
Senior General Manager |
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Name : |
Mr. Bijaya Sahoo |
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Designation : |
Finance and Banking Consultants |
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Name : |
Mr. Jayanta Sinha |
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Designation : |
Legal Consultants |
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Name : |
Mr. Nirmal Saraf |
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Designation : |
Technical Consultants |
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Name : |
Mr. Prakash Tiwari |
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Designation : |
Marketing Consultants |
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Name : |
Mr. Siddharth Jhunjhunwala |
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Designation : |
Infotech Consultants |
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Name : |
Mr. Pankaj Manna |
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Designation : |
General Manager (Excise and Customs) |
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Name : |
MR. Asis Banerjee |
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Designation : |
General Manager (Marketing) |
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Name : |
Mr. Pradeep Barua |
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Designation : |
General Manager (Electro – Mechanical Engineering) |
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Name : |
Mr. Dilip Mukherjee |
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Designation : |
General Manager (Structural Engineering) |
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Name : |
Mr. Sushil Sharma |
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Designation : |
General Manager (Export Contracts and Documentation) |
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Name : |
Ms. Anita Seth |
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Designation : |
General Manager (Banking and Commercial) |
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Name : |
Mr. Sanjay Khandelwal |
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Designation : |
General Manager (Finance, HR and IT) |
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Name : |
Mr. Kamal Patodia |
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Designation : |
General Manager ( Unit – III) |
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Name : |
Mr. Subhash Dua |
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Designation : |
General Manager (Market Diversification) |
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Name : |
Mr. Satyaranjan Nayak |
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Designation : |
Dy. General Manager (Accounts and Commercial) |
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Name : |
Mr. Sumanta Banerjee |
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Designation : |
Chief Manger (Production Planning Management) |
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Name : |
Mr. Sankar Maity |
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Designation : |
Chief Manager (Domestic Sales) |
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Name : |
Ms. Jyoti Saha |
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Designation : |
Chief Manager (Export Documentation) |
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Name : |
Mr. Subhash Mukherjee |
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Designation : |
Chief Manager (Commercial) |
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Name : |
Mr. Mukesh Kumar |
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Designation : |
Chief Manager (Accounts) |
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Name : |
Ms. Sikha Chandra |
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Designation : |
Chief Manager (Co-Ordination) |
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Name : |
Mr. Nirupam Bhattacharjya |
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Designation : |
Senior Manager |
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Name : |
Mr. Diptendu Sarkar |
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Designation : |
Senior Manger |
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Name : |
Mrs. Aparna Pal |
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Designation : |
Senior Manager |
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Name : |
Mrs. Subrata Sarkar |
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Designation : |
Senior Manager |
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Name : |
Mr. Bablu Swarnakar |
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Designation : |
Senior Manager |
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Name : |
Mr. Ashok Chatterjee |
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Designation : |
Senior Manager (Banking) |
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Name : |
Mr. Shaikh Nowser Ali |
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Designation : |
Senior Manager |
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Name : |
Mr. Haridas Bakuli |
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Designation : |
Senior Manager |
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Name : |
Mr. Uttam Ghosh |
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Designation : |
Senior Manager |
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Name : |
Mr. Samar Ghosh |
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Designation : |
Senior Manager |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
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Names of Shareholders |
No. of Shares |
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Mr. Rajesh Agarwal |
2694600 |
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Mr. Harish Agarwal |
2106000 |
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Mrs. Kavita Agarwal |
4000 |
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Mr. R Agarwal |
100 |
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Mr. Omkar Agarwal |
2195100 |
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Mrs. Sudha Agarwal |
100 |
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Mrs. Rekha Agarwal |
100 |
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Total |
7000000 |
Equity share breakup (Percentage of total equity)
As on 31.03.2007
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Sr. No. |
Category |
Percentage |
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1. |
Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of Electrical Goods. |
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Products : |
Power T and D v Fittings for
Overhead Insulated Cables (Aerial Bundled Cable Fittings) v Anchors v End-fittings for
Polymer Insulators v Suspension &
Tension String Assembly v Connectors for
Heat-shrink Fittings v Heat Shrink
Cable Joints & Terminations .Telecom v
Fittings for
Optical Fibre ADSS Cables v
Towers v
Accessories for
"Figure-8" Fibre Optic Cable Construction v
Anchors v
Granite v
Towers |
GENERAL
INFORMATION
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Bankers : |
v UCO Bank v Vijaya Bank, N S
Road Branch, A – 1, Gillanders House, 8, Kolkata – 700001, West Bengal, India
v Indian Overseas Bank, P-35, India Exchange Place, Kolkata – 700 001, West Bengal |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
v B K Sahoo and
Company, Chartered Accountants 7B, Moore Avenue, Regent Park, Kolkata – 700040, West Bengal, India v Sengupta & Agarwal, Chartered Accountants 345, Marshall House, 33/1, Netaji Subhas Road, Kolkata – 700 001, West Bengal, India. |
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Address : |
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Associates : |
Supreme Exports |
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Subsidiaries : |
Supreme and Company Inc, USA Energy Limited, Hong Kong Supreme Mid-East FZE, UAE |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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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 |
70.000 |
70.000 |
50.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
43.360 |
32.961 |
30.604 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
113.360 |
102.961 |
80.604 |
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LOAN FUNDS |
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1] Secured Loans |
263.986 |
33.386 |
20.188 |
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2] Unsecured Loans |
67.231 |
38.192 |
8.789 |
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TOTAL BORROWING |
331.217 |
71.578 |
28.977 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
444.577 |
174.539 |
109.581 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
32.712 |
0.406 |
0.338 |
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Capital work-in-progress |
11.262 |
5.478 |
0.000 |
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INVESTMENT |
9.549 |
113.891 |
69.910 |
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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 |
145.836
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32.268 |
0.000 |
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Sundry Debtors |
568.869
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8.874 |
0.000 |
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Cash & Bank Balances |
34.319
|
0.599 |
10.192 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
229.737
|
54.522 |
30.099 |
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Total
Current Assets |
978.761
|
96.263 |
40.291 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
581.666
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41.403 |
0.991 |
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Provisions |
6.041
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0.096 |
0.015 |
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Total
Current Liabilities |
587.707
|
41.499 |
1.006 |
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Net Current Assets |
391.054
|
54.764 |
39.285 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.050 |
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TOTAL |
444.577 |
174.539 |
109.581 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
1194.562 |
9.378 |
0.000 |
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Export Incentives |
69.321 |
0.000 |
0.000 |
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Other Income |
13.629 |
6.191 |
5.023 |
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Total Income |
1277.512 |
15.569 |
5.023 |
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Profit/(Loss) Before Tax |
16.103 |
2.438 |
3.345 |
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Provision for Taxation |
5.946 |
0.082 |
0.000 |
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Profit/(Loss) After Tax |
10.157 |
2.356 |
3.345 |
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Earnings in Foreign Currency : |
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Export Earnings |
527.470 |
0.000 |
0.000 |
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Total Earnings |
527.470 |
0.000 |
0.000 |
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Imports : |
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Raw Materials |
39.125 |
0.000 |
0.000 |
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Total Imports |
39.125 |
0.000 |
0.000 |
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Expenditures : |
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Purchases |
895.127 |
38.986 |
0.000 |
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Manufacturing Expenses |
165.553 |
1.460 |
0.000 |
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Administrative Expenses |
122.593 |
1.938 |
1.075 |
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Increase/(Decrease) in Finished Goods |
38.846 |
(32.268) |
0.000 |
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Financial Charges |
34.144 |
2.964 |
0.539 |
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Depreciation & Amortization |
5.146 |
0.051 |
0.064 |
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Total Expenditure |
1261.409 |
13.131 |
1.678 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
0.79
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15.13 |
66.59 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.35
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25.99 |
-- |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.26
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15.66 |
66.59 |
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Return on Investment (ROI) (PBT/Networth) |
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0.14
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0.02 |
0.04 |
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Debt Equity Ratio (Total Liability/Networth) |
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5.18
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0.40 |
0.01 |
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Current Ratio (Current Asset/Current Liability) |
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1.66
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2.32 |
40.05 |
LOCAL AGENCY
FURTHER INFORMATION
Note:
The Registered Office of the company has been shifted
from 33/1, N S Road, 339, Kolkata – 700001, West Bengal, India to 53, Justice
Chandra Madhav Road, Kolkata – 700020, West Bengal, India with effect from
16.01.2008.
Form 8
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Name of the company |
SUPREME AND
COMPANY PRIVATE LIMITED |
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Presented By |
UCO Bank,
Industrial Finance Branch, 3, N S Road, Kolkata – 700 091, and the company. |
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1) Date and description of instrument creating the change |
1. Hypothecation
agreement of goods (Form no. A – 9) for demand cash credit of Rs. 50.000 millions
dated 24.09.2005 2. Hypothecation
agreement of book debts (Form no. A – 9B) for demand cash credit of Rs.
50.000 millions dated 24.09.2005 3. Demand
promissory note (Form No. A.3) for cash credit of Rs. 50.000 millions dated
24.09.2005 4. Hypothecation
agreement (Form no. A. 9A) for term loan of Rs. 30.000 millions dated
24.09.2005 5. Hypothecation
agreement (Form no. A – 9B) of book debts for term loan of Rs. 30.000
millions dated 24.09.2005 6. Agreement for
term loan of Rs. 30.000 millions (Form no. A – 109) dated 24.09.2005 7. Hypothecation
agreement (Form no. A – 9A(R) of movable plant and machinery , equipments etc
for Rs. 80.000 millions dated 24.09.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Term loan : Rs.
30.000 millions Cash credit : Rs.
50.000 millions, Total limit : Rs. 80.000 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 |
1. The company
hereby creates exclusive first charge on the current assets of the company by
hypothecating the entire stocks of raw materials, WIP, and finished goods,
stores and spares and other movables, both present and future stored or to be
stored at the company’s premises godowns / factory situated at NH – 6, Bombay
Road, Mouza, Chamrail, P S Liluah, Dist – Howrah, West Bengal. 2. The company
hereby assigns by way of exclusive first charge of all the present and future
book debts, bills, money receivables, etc. of the company’s factory situated
at NH – 6, Bombay Road, Mouza, Chamrail, P S Liluah, Dist – Howrah, West
Bengal. 3. The company
hereby creates exclusive first charge on the entire movable and immovable
assets like plant and machinery, equipments, appliances, tools, shed,
structures etc. both presewnt and future, installed or to be installed out of
the Term loan, at the company’s factory situated at NH – 6, Bombay Road,
Mouza, Chamrail, P S Liluah, Dist – Howrah, West Bengal. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
1. Rate of Interest Term loan: @ BPLR
i.e. 11% p.a. Cash credit: @
BPLR i.e. 11% p.a. 2. Margin Term loan :
@24.24% Cash credit : For
1 Year 3. Period Term loan : 84
months Cash credit : For
1 Year 4. Mode of repayment Term loan:
Repayable in 84 monthly instalments. Cash credit: On
demand |
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5) Name and Address and description of the person entitled to the charge. |
UCO Bank,
Industrial Finance Branch, 3, N S Road, Kolkata – 700 091. |
Form 8
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This form is for |
Modification of
charge |
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Charge
identification number of the charge to be modified |
10079571 |
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Corporate
identity number of the company |
U24116WB1978PTC031466 |
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Name of the
company |
SUPREME AND COMPANY |
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Address of the registered
office or of the principal place of
business in India of the company |
53, Justice Chandra Madhav Road, Kolkata – 700020, West Bengal, India |
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Type of charge |
v Immovable
property v Book debts v Movable property
(not being pledge) v Others |
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Particular of
charge holder |
Name : Axis Bank
Limited Address : Kolkata
Main Branch, 7, Shakespeare Sarani City : Kolkata State : West
Bengal ISO country code
: IN Pin code : 700071 e-mail ID: vromor.kar@axisbank.com |
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Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Entry (Creation of equitable mortgage) |
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Date of
instrument Creating the charge |
08.03.2008 |
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Amount secured by
the charge |
Rs. 230.000
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest will be
charged 250 bps below BPLR of the bank i.e. presently 12.50% payable monthly
and commission will be charged for bank guarantee @ 50% of the banks standard
rates. Commission to be recovered up front. Terms of
repayment Term loan – 1 (
Rs. 10.800 millions) : Monthly instalments Rs. 0.170 million for first 6
months and balance will be repayable in 60 monthly instalments of Rs. 0.163
million commencing from next month of disbursement. Term loan – 2
(Rs. 19.200 millions): Loan will be repayable in 71 monthly instalments of
Rs. 0.267 million and rest one of Rs. 0.243 million (repayable of start from
April 2008). Foreign bank
guarantee will be for maximum up to 21 months inclusive of claim period. For other limits
: On demand Margin Term loan: 33.33% For other limits:
25% against stock and book debt up to 120 days (Book debts over 120 days will
not be eligible for bank finance). 10% in the form
of TDR against letter of credit. 10% in the form
of FD with the bank with bank’s lien marked thereon for bank guarantee. Extent operation
of the charge Extent to the
sanctioned amount, interest, commission and other related dues. The charge
will operate till the limit enjoyed by the borrower company are fully repaid. Others Details of limits
are Term loan – Rs.
30.000 millions Cash credit – Rs.
100.000 millions ILC/FLC – Rs.
100.000 millions Total – Rs. 230.000 millions |
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Short particulars
of the property charged |
For TL –
hypothecation by way of first charge of all the movable fixed assets of unit
II Bombay NH 6. For CC/ other
limits – Hypothecation on pari passu basis all current assets of company comprising
all present and future stocks including raw materials, finished goods, cash,
other current assets wherever situate including at borrower’s premises and
outstanding moneys receivables, claims and bills which are now due and owing
to the company. Immovable factory
land, buildings and sheds situated at Bombay Road, NH – 6, Howrah. |
|
Date of latest
modification prior to the present modification |
03.03.2008 |
|
Particulars of
the present modification |
By this
modification, the borrower company has created mortgage on its immovable
properties being leasehold factory land and buildings situated at Bombay
Road, NH 6, Howrah on first pari passu charge basis to additionally secure
the limits granted by the bank. Title deeds of the immovable properties are
held by UCO Bank, Flagship corporates Branch. Over all limit on this
modification remain unchanged at Rs. 230.000 millions. |
History
Subject was incorporated on 26th April, 1978 at Kolkata in West Bengal having company registration number 21-31466.
Subject was originally incorporated under the name and style of Sawalka Chemicals Limited later on which was changed to Asian Auto tech Limited with effect from 21st June, 1985.
Established in 1970 as a Fasteners manufacturing unit, Supreme & Co. has been exporting its products since 1975 and has since evolved into India’s leading manufacturer and exporter of products for Power Transmission and Distribution, Construction, Railways, Telecom and Engineering Industries.
Supreme’s accreditation was upgraded from ISO - 9002 to ISO 9001:2000
series which represents enhance capabilities as well as better compliance to
quality standards.
Business
Subject is engaged in manufacturing and exporting of Poleline Hardware, Telecom OSP Fittings, ABC Fittings, Fittings for OFAC System, Fittings for OPGW System, Anchoring, Substation Connector, Guy Strain and Polymeric, Insulator End Fittings, Insulator Hardware Fittings, Earthing and Protection Accessories, Helical Product, Compression Connector, Clamp and Connector, Suspension and Tension String Assembly, Connector for Heat Shrink Joints and Terminations, Conductor.
Objectives
The core objective of Supreme & Co. is to provide its customers with products of globally acceptable quality at globally competitive prices and provide the best possible service right from the stage of enquiry till the completion of the contract.
Supreme & Co. will continue to invest in equipment, R&D, manpower as well as Information Technology, to continuously improve and upgrade the level of its service to its customers satisfaction, and will endeavour to enhance its overall capabilities in order to effectively compete and succeed in the Global Market place.
Export Awards
The Company consistent winner of
Export Excellence Award instituted by the Ministry of Commerce, Government of
India through Engineering Export Promotion Council, having received its fifth
export award in 1975-76.
Supreme & Co. has received awards every year since 1992-1993 and hopes to
continue its award winning performance by consistently enhancing its export
performance and extending its foot print over new and emerging markets
The enlarged copies of various
export awards won by Supreme & Co., click on the images below.
v
Engineering Export Promotion Council
v
Awards for Export Excellence
v
Council for outstanding Exports.
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 :
The 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.
The 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. 42.24 |
|
UK Pound |
1 |
Rs. 83.26 |
|
Euro |
1 |
Rs. 65.58 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
61 |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
|