MIRA
INFORM REPORT
|
Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ATLANTA ELECTRICALS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
A-6, Avani Park Rajesh Tower Gotri Road, Baroda – 390021, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
15.12.1988 |
|
|
|
|
Com. Reg. No.: |
04-11648 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U31110GJ1988PTC011648 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BRDA01777G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCA6647B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Transformers |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company meeting its normal
commitments timeously. Trade relations are fair. The company can be considered good for normal business dealings |
INFORMATION PARTED
BY
|
Name : |
Mr. Mehul Mehta |
|
Designation : |
Senior Executive Finance |
|
Date : |
12.06.2008 |
LOCATIONS
|
Registered Office : |
A-6, Avani Park Rajesh Tower Gotri Road, Baroda – 390021, Gujarat,
India |
|
Tel. No.: |
91-2692-235023 / 265-2399441 |
|
Mobile No.: |
91-9825028050 |
|
Fax No.: |
91-2692-237203 |
|
E-Mail : |
|
|
Websites: |
www.atlantaelectricals.com
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No. 1503/4, GIDC Estate, Vithal Udyognagar, Anand – 388121,
Gujarat, India |
|
Tel. No.: |
91-2692-235023 / 237185 |
|
Mobile No.: |
91-9825028050 |
|
Fax No.: |
91-2692-237203 |
|
E-Mail : |
|
|
Websites: |
www.atlantaelectricals.com
|
DIRECTORS
|
Name : |
Mr. Krupeshbhai Narharibhai Patel |
|
Designation : |
Director |
|
Address : |
15, Parishram Society, Behind Sarabhai Subhanpura, Baroda – 390007,
Gujarat, India |
|
Date Of Birth/Age : |
17.10.1954 |
|
Date Of Appointment : |
27.07.2002 |
|
|
|
|
Name : |
Mr. Harshadbhai Amritlal Mehta |
|
Designation : |
Director |
|
Address : |
Amrut Bungalow, Railway Station Road, Vallabh Vidhyanagar – 388120,
Gujarat, India |
|
Date Of Birth/Age : |
16.01.1948 |
|
Date Of Appointment : |
15.12.1988 |
|
|
|
|
Name : |
Mr. Harendra Gulabchand Shah |
|
Designation : |
Director |
|
Address : |
Parshwal Near Jaladeep Society, Behind Mile Stone City Bus Stand,
Vallabh Vidhyanagar – 388120, Gujarat, India |
|
Date Of Birth/Age : |
31.01.1942 |
|
Date Of Appointment : |
15.12.1988 |
|
|
|
|
Name : |
Mr. Tanmay Surendrabhai Patel |
|
Designation : |
Director |
|
Address : |
15, Parishram Society, Behind Sarabhai Subhanpura, Baroda – 390007,
Gujarat, India |
|
Date Of Birth/Age : |
18.12.1976 |
|
Date Of Appointment : |
27.07.2002 |
|
|
|
|
Name : |
Mr. Navinbhai Natubhai Patel |
|
Designation : |
Director |
|
Address : |
22-23 Rockkadnath Society, Near Race Course Circle, Gotri Road, Baroda
– 390007, Gujarat, India |
|
Date Of Birth/Age : |
23.06.1945 |
|
Date Of Appointment : |
27.07.2002 |
|
|
|
|
Name : |
Mr. Niral Krupeshbhai Patel |
|
Designation : |
Director |
|
Address : |
15, Parishram Society, Behind Sarabhai Subhanpura, Baroda – 390007,
Gujarat, India |
|
Date Of Birth/Age : |
12.02.1980 |
|
Date Of Appointment : |
27.07.2002 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders (As on 31.03.2007) |
No. of Shares |
|
|
Mr. Harold D’silva |
5350 |
|
|
Mr. Harshad Mehta |
6600 |
|
|
Mr. Navinbhai Patel |
9550 |
|
|
Mr. Samir Chhayya Shah J/H Mr, Kishor Samir Shah |
100 |
|
|
Mr. Niral Patel |
5730 |
|
|
Mr. Amish Patel |
5730 |
|
|
|
|
|
|
Names of Allottee (As on 31.10.2007) |
|
No. of Shares |
|
Mr. Harshad A Mehta J/H Mrs. Gitaben H Mehta |
|
2940 |
|
Mr. Harendra G Shah J/H Mrs. Priti H Shah J/H Mr. Hemang G Shah |
|
3475 |
|
Mr. Mr. Navin N Patel |
|
4245 |
|
Mrs. Sudhaben N Patel |
|
4245 |
|
Mr. Krupesh N Patel |
|
3400 |
|
Mr. Niral K Patel |
|
2545 |
|
Mr. Amish K Patel |
|
2545 |
|
Mr. Tanmay S Patel |
|
3190 |
|
Mrs. Lalitaben N Patel |
|
1040 |
|
Mr. Harold B D’silva |
|
2375 |
|
|
Total
|
30000 |
Equity Shares Breakup (Percentage of Total Equity): as on 31.03.2007:-
|
Sr No. |
Category |
Percentage |
|
1 |
Directors or relative of directors |
94.00 |
|
2 |
Other top fifty (50) shareholders |
6.00 |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Transformer |
|
|
|
|
Products : |
Electrical Transformers |
|
|
|
|
Exports : |
|
|
Countries : |
Ghana and Mozambique |
|
|
|
|
Imports : |
|
|
Countries : |
France |
|
|
|
|
Terms : |
|
|
Selling : |
Credit ( 60 days and 90 days) |
|
|
|
|
Purchasing : |
Cash, Credit ( 60 days) |
GENERAL
INFORMATION
|
Customers : |
Direct Actual Users ·
Ahmedabad Electricity Company
Limited. ·
Ahmedabad Education Society ·
Aishil Engineering Private
Limited. ·
Africom S.P.R.L ·
Areva T and D (India)
Limited · ASSM General Trading F.Z.C ·
B.S.E.S. Limited ·
Bihar State Electricity
Board ·
Birla Perucchini Limited. ·
CEAT Limited ·
Chhatisgarh State
Electricity Board ·
Coimbatore Pioneer Mills
Limited. · Comicel Limited. ·
Dharnendra Ice-Cream
Limited. ·
Electrotherm (India)
Limited. ·
Ellora Times Private.
Limited. (Ajanta Watches, Orpat) ·
Emirates Steels Est. · Gujarat Electricity Board ·
Hynoup Food and Oil Ind.
Limited. (Maruti Oil) ·
I.T.C. Limited ·
Indian Dairy Machinery
Corporation ·
Indian Telephone Ind.
Limited. ·
Inductotherm (I) Private
Limited. ·
Isinox Steels Limited ·
Jharkhand State Electricity
Board ·
Jothi Malleables Private
Limited. ·
Jyoti Limited ·
Kaira Can Company Limited.,
( AMUL) ·
Muljibhai Patel Society for
Research in Nephro Urology ·
Madhya Pradesh Electricity
Board ·
Milton Laminates Private
Limited. ·
Maharashtra State
Electricity Board ·
Mather and Platt (India)
Limited. ·
Mono Steel (India) Limited. ·
Metallica Engineering
Industries ·
National Dairy Development
Board ·
Narayandas Narshingdas and
Sons ·
New Tech Forge and Foundary
Private. Limited. ·
Orchav Pharma Private
Limited. ·
Pillar Induction Furnaces
Limited. ·
Pioneer Furnace Private
Limited. · PSL Limited. ·
Rimtex Engineering Private
Limited. ·
R.S. Industries (Rolling
Mills) Limited. ·
Rajasthan State Electricity
Board ·
R.L. Steel ·
Rohini Industrial
Electricals Private Limited. ·
Sajaji Hotels Private
Limited. ·
S.G. Multicast Private
Limited. ·
Samay Electronics Private
Limited. · Shahaji Alloys Steel Private Limited. ·
Siemens (India) Limited. ·
Sogo Ceramics Private
Limited. ·
South Eastern Coal Fields
Limited. ·
S.P. University ·
Steel Industrials Kerala
Limited. (SILK) ·
Surat Electricity Company
Limited. ·
Surgiplast Limited. ·
Suzlon Energy Limited. ·
Thana Electric Supply
Company Limited. (ETE) ·
Tirupati Granites Private
Limited. ·
Tirupati Steel Private
Limited. ·
Unique Cold Storage Private
Limited. ·
Unique Forgings ·
Varrsana Ispat Limited. ·
Vir Alloys and Steel
Company P. Limited. · Viraj Profiles Limited. ·
Welspun Gujarat Stahl
Rohren Limited. |
|
|
|
|
No. of Employees : |
68 |
|
|
|
|
Bankers : |
· Bank of Baroda, Vallabh Vidyanagar Branch, Dist Anand, Vallabh Vidyanagar- 388 120, Gujarat, India · Union Bank of India, Sayajigunj Branch, union Bank Bhavan, Station Road, Baroda – 5, Gujarat, India · ICICI Bank Limited Address: Landmark Race Cource Circle, Alkapuri, Baroda –
390 015, Gujarat, India |
|
|
|
|
Facilities : |
CC-Rs.115.000 millions |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
K.C. Mehta and Company Chartered Accountants |
|
Address : |
5. Monalisa Apartments, 48 Nutan Bharat Society, Baroda – 390007, Gujarat,
India |
CAPITAL STRUCTURE
(As on
31.03.2007):-
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs. 100/- each |
Rs. 50.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
99950 |
Equity Shares |
Rs. 100/-
each |
Rs. 9.995
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.995 |
6.751 |
6.751 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
10.569 |
2.208 |
0.579 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
20.564 |
8.959 |
7.330 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
70.349 |
30.640 |
21.806 |
|
|
2] Unsecured Loans |
32.690 |
21.890 |
17.850 |
|
|
TOTAL BORROWING |
103.039 |
52.530 |
39.656 |
|
|
DEFERRED TAX LIABILITIES |
1.809 |
2.189 |
1.977 |
|
|
|
|
|
|
|
|
TOTAL |
125.412 |
63.678 |
48.963 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.587 |
12.186 |
10.716 |
|
|
Capital work-in-progress |
1.273 |
0.847 |
0.193 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.764 |
0.764 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
25.121
|
39.099 |
43.170 |
|
|
Sundry Debtors |
194.586
|
66.118 |
50.864 |
|
|
Cash & Bank Balances |
30.184
|
7.286 |
9.668 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
10.299
|
3.389 |
2.717 |
|
Total
Current Assets |
260.190
|
115.892 |
106.419 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
152.402
|
66.011 |
66.544 |
|
|
Provisions |
0.000
|
0.000 |
1.821 |
|
Total
Current Liabilities |
152.402
|
66.011 |
68.365 |
|
|
Net Current Assets |
107.788
|
49.881 |
38.054 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
125.412 |
63.678 |
48.963 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
Sales Turnover |
|
373.101 |
186.704 |
|
|
Other Income |
|
0.834 |
1.155 |
|
|
Total Income |
|
373.935 |
187.859 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
18.663 |
5.152 |
|
|
Provision for Taxation |
|
6.795 |
1.984 |
|
|
Profit/(Loss) After Tax |
|
11.868 |
3.168 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Manufacturing Expenses |
|
4.756 |
3.313 |
|
|
Administrative Expenses |
|
7.675 |
2.442 |
|
|
Raw Material Consumed |
|
312.707 |
158.116 |
|
|
Increase/(Decrease) in Finished Goods |
|
[2.343] |
3.610 |
|
|
Salaries, Wages, Bonus, etc. |
|
8.288 |
5.145 |
|
|
Financial Expenses |
|
8.319 |
3.183 |
|
|
Selling and Distribution Expenses |
|
14.940 |
6.071 |
|
|
Depreciation & Amortization |
|
0.930 |
0.824 |
|
Total Expenditure |
|
355.272 |
182.707 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
3.17
|
1.69 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.00
|
2.76 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.72
|
3.97 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.91
|
0.58 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
12.42
|
13.23 |
14.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
0.24 |
1.56 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES;-
· Suzlon Infrastructure Services Limited
· Viraj Profile Limited
FORM 8:-
|
Corporation identity number or foreign company registrations number of
the company |
U31110GJ1988PTC011648 |
|
Name of the company |
ATLANTA ELECTRICALS PRIVATE LIMITED |
|
Address |
A-6, Avani Park Rajesh Tower Gotri Road, Baroda – 390021, Gujarat,
India |
|
This Form is for |
Creation of charge |
|
Type of Charges |
· Book Debts · Movable Property · Movable Property · Floating Charge · Others |
|
Particular of the charge holder
|
ICICI Bank Limited Address: Landmark Race Cource Circle,
Alkapuri, Baroda – 390 015, Gujarat, India E-Mail: hariharaputharan.iyer@icicibank.com
CIN: L65190GJ1994PLC021012 |
|
Nature or description of the instrument creating charge |
Deed of Hypothecation dated 06.07.2007,
executed by Atlanta Electrical Private Limited in favour of ICICI Bank
Limited to Rs. 250.000 millions. |
|
Date of the instrument creating charge |
06.07.2007 |
|
Amount Secure by the charge |
Rs. 250.000 millions |
|
Name of the
company |
ATLANTA ELECTRICALS PRIVATE LIMITED |
|
Presented By |
Shri Harendra G
Shah , Joint Managing Director |
|
1) Date and description
of instrument creating the change |
Memorandum of
Deposit of title deeds in respect of advance secured by equitable mortgage
dated 18.09.2000 and 05.08.2003 |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 24.500
millions |
|
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 |
All that piece
and parcel of Non agril Land bearing Plot No. 1503 and 1504 situated at GIDC Estate,
Vithal Udyognagar belonging to the company together with all building and
structure now standing thereon or to be erected hereafter and Plant and
Machineries attached to the earth or permanently fastened to anything attached to the earth – both
present and future. |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
The charge is created by deposit of title deeds of the captioned
immovable property for securing credit facilities aggregating to Rs. 24.500
millions granted of the company. |
|
5) Name and
Address and description of the person entitled to the charge. |
Bank of Baroda Address: Vallabh Vidyanagar Branch, District Anand, Gujarat, India |
|
6) Date and brief description of instrument
modifying the charge |
Memorandum of
entry for equitable mortgage dated 25.January |
|
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 execution of
above mentioned memorandum of entry for second extension of equitable the
charge over the property specified 3
is modified / extended to cover the facilities aggregating Rs. 62.000
millions comprising of CC Rs. 30.000 millions LC Rs. 12.000 millions. The
charge secured by way of equitable mortgage Rs. 62.000 millions. |
WEBSITE DETAILS:-
Company profile -
Subject was managed by techno crafts and engaged in Manufacturing Power,
Distribution and special application type of transformers. The Company was
incorporated in 1982 as a partnership firm and started production by the end of
1983. The company has gradually grown and was later converted to a Private
Limited Company.
Products –
Power
Transformers
Transformer with rating 5MVA and above 33kV voltage class is
normally known as Power Transformers and is installed in Substations with
various protective devices.
Distribution
Transformers
Smaller ratings upto 5 MVA and Voltage range below 33 KV.
Normally connected to Power Transformer Grid lines to distribute to load
centers. Very small rating upto 100 KVA, 11 KV are mounted on pole to supply
lighting and other domestic load. Above 160 KVA to 2000 KVA are normally for
Catering to Industrial load or large Town ship / Mall load .
Furnace
Transformers
They are connected to electrical Furnace and are suitable
for supplying power at high current.
Neutral
Earthing Transformers
They are used to create artificial Neutral for Un-earthed
system. Some time they also cater small lighting / auxillary load .
Motor
Starting Transformers
Large rating motors can not be started directly on line,
since they draw heavy starting current. These are Auto-transformers which
allows motor to start at lower Voltage and as motor peak up speed, contactors
operate and motor is connected direct to lines and transformer is taken out of
service.
Dry
Type Transformers
These are basically distribution transformer. Dry type
transformers are preferred to oil cooled transformer, in place where there is
fire hazards e.g. thickly dense area like Big-Store, Multistory Building,
theaters etc. Since these are located near load centers, long line connection
and transmission loses are reduced. The higher cost is partly compensated by
lower transmission loss, smaller length of conductors and lower losses.
Apart from these they also manufacture Auto Transformers,
Boosters and Voltage Regulators, Reactors and Special Application Transformers
as per the need of the customer.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.92 |
|
UK Pound |
1 |
Rs.84.48 |
|
Euro |
1 |
Rs.66.66 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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 |
|